Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1924.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
90 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
27 people listed on the 990; $815K paid to officers and key staff.
Dr Amy Carey’s $294K as Trustee/President is at the 63rd percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Dr Amy Carey | $294,440 | $269,562 | $281,522 | $262,852 | $257,959 | $260,503 |
| Jasper Lesage | — | — | — | — | $153,840 | $154,786 |
| Ken Stoltzfus | $146,382 | $138,654 | $136,464 | $129,620 | $117,324 | $118,233 |
| Vernon Dolezal | — | $84,927 | $143,906 | $142,634 | $136,918 | $136,640 |
| Scott Frey | $142,628 | $42,365 | — | — | — | — |
| Kelley Williams | — | — | — | $140,580 | $135,841 | $139,229 |
| Deb Stockman | — | — | — | $136,117 | $136,243 | $127,334 |
| Paul Ramseyer | $116,690 | $103,049 | — | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Educates students to honor God and serve others.
Questions for Friends University
Your first name shows with your question. Friends University answers here, for everyone.
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The college of business, arts, sciences, and education is the traditional undergraduate liberal arts college. Students receive a broad-based education and are given opportunities to apply their education and integrate that education beyond the classroom through internships, research projects, study abroad, participation in athletics, or…
Adult undergraduate online programs are designed for busy people who prefer an online college experience through our flex degree pathways. The college is committed to providing academic excellence for a diverse community of lifelong learners. Undergraduate students are admitted based on their potential for achieving academic success.
The mission of the graduate college is to provide a high-quality learning environment for students seeking professional graduate education. Fall 2024 enrollment was 413.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.9M | $1.9M |
| InvestmentsLn 11–13 | $63.6M | $69.9M |
| Land, buildings, equipmentLn 10c | $47.5M | $47.7M |
| Total assetsLn 16 | $125.1M | $132.2M |
| LiabilitiesLn 26 | $6.2M | $5.4M |
| Net assetsLn 32 | $119.0M | $126.8M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $17.5M | $17.5M | ||
| Pay of current officers, directors and key staffLn 5 | $664K | $664K | ||
| Other salaries and wagesLn 7 | $13.6M | $12.4M | $822K | $347K |
| Pension plan contributionsLn 8 | $438K | $406K | $21K | $11K |
| Other employee benefitsLn 9 | $1.3M | $1.2M | $114K | $28K |
| Payroll taxesLn 10 | $1.0M | $886K | $100K | $25K |
| Legal feesLn 11b | $92K | $2K | $90K | |
| Accounting feesLn 11c | $25K | $25K | ||
| Professional fundraising feesLn 11e | $144K | $144K | ||
| Investment management feesLn 11f | $212K | $212K | ||
| Other fees for servicesLn 11g | $2.1M | $1.5M | $505K | $100K |
| Advertising and promotionLn 12 | $317K | $298K | $9K | $10K |
| Office expensesLn 13 | $1.3M | $990K | $296K | $47K |
| OccupancyLn 16 | $3.2M | $2.4M | $785K | $34K |
| TravelLn 17 | $869K | $820K | $43K | $6K |
| Conferences, conventions and meetingsLn 19 | $80K | $67K | $11K | $1K |
| InterestLn 20 | $63K | $57K | $6K | |
| Depreciation, depletion and amortizationLn 22 | $1.9M | $1.7M | $187K | |
| InsuranceLn 23 | $474K | $426K | $47K | |
| Other expenses (24a–d)Ln 24 | $2.2M | $2.1M | $99K | $21K |
| All other expensesLn 24e | $882K | $654K | $208K | $20K |
| Total functional expensesLn 25 | $48.4M | $43.4M | $4.2M | $795K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $52.9M | $48.4M | $4.5M | $126.8M | 990 PDF |
| FY2024 | $54.9M | $53.2M | $1.7M | $119.0M | 990 PDF |
| FY2023 | $45.2M | $45.6M | −$342K | $114.0M | 990 PDF |
| FY2022 | $51.1M | $46.8M | $4.3M | $107.3M | 990 PDF |
| FY2021 | $47.9M | $42.3M | $5.6M | $118.7M | 990 PDF |
| FY2020 | $40.7M | $41.5M | −$836K | $100.1M | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $52,851,669 revenue, 12 lines filed
Part VI · Governance 20 of 21 board members independent, no flags
Part VIII · Statement of revenue $52,851,669 across 11 lines filed
Part IX · Statement of functional expenses $48,397,683 across 21 lines filed
Part X · Balance sheet $132,190,832 assets, 21 lines filed
Part XI · Reconciliation of net assets $126,839,537 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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