Barry University INC EIN 59-0624364

Barry University INC

EIN  59-0624364 Higher education institution Miami Shores, FL Founded 1940
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 7/5/26 · see original filing: IRS
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Size
$100M+
What they do
Educates students in liberal arts and professional fields, fostering knowledge, reflection, and social justice.
Leadership
Dr Michael Allen · President · $611K
Money in and out
$203.3M revenue, $202.7M expenses
Bottom line
0% operating surplus

Educates students in liberal arts and professional fields, fostering knowledge, reflection, and social justice. For fiscal year 2024 it reported $203.3M in revenue, $202.7M in expenses, and $134.6M in net assets.Pt I

Financial scale & money flow · FY2024
Total revenue
$203.3M
Pt VIII · Ln 12
Total expenses
$202.7M
Pt IX · Ln 25
Net assets
$134.6M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $627K
Where spending went · Part IX cols B–D
Program services $0.79 Management & general $0.20 Fundraising $0.00
Operating surplus
0%
revenue over expenses, this legal entity▲ +126% vs prior filing year
Payroll share
39%
of this entity's spending is salaries & benefits▼ -3% vs prior filing year
Program spending
79%
of expenses reach program services0% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$203.3M
FY2024▲ +5%
Expenses
$202.7M
FY2024▲ +3%
Total assets
$209.2M
FY2024▼ -2%
Total liabilities
$74.6M
FY2024▼ -9%
Total revenue
$203.3M
Pt VIII · Ln 12
Total expenses
$202.7M
Pt IX · Ln 25
Net assets
$134.6M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$627K
Total assetsPt X · Ln 16$209.2M
Program-expense ratioPt IX · col B79%
Voting members of governing bodyPt I · Ln 332
Independent voting membersPt I · Ln 429
Mission & Programs · Part III

Where the work happens

3 program services account for $161.1M of program spending, described in the organization's own filed words · FY2024.
01

Instructional Services to Graduate and Undergraduate Students

Barry university is committed to providing students with a personalized, values-based education centered on experiential education and service learning. Our degree programs span health professions and medical sciences, education, business and public administration, with dedicated schools of podiatric medicine, nursing, mental health and…

$119.5Mprogram expense
02

Student Services and Auxiliary Enterprises

Barry university student services include career and experiential learning, ministry and community outreach, student and family engagement, the center for academic success and advising, student support services, counseling and psychological services, dean of students, fitness center, food pantry, career closet, international student…

$34.6Mprogram expense
03

The monsignor william barry memorial library (located in miami shores, FL) supports the university's educational mission through a comprehensive program of information resources in print, electronic, and streaming formats, as well as interlibrary loan to material not owned or licensed.

$7.0Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBarry University INC
EINHdr · item D59-0624364
Principal addressHdr · item CMiami Shores, FL
WebsiteHdr · item Jwww.barry.edu
Year of formationHdr · item L1940
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFColleges & Universities (B430)
Ruling yearIRS BMFMar 1946

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a32
Independent voting membersPt VI · Ln 1b29
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$611,247Pt VII · Sec A
Associate Professor, Podiatric Medicine
$350,394Pt VII · Sec A
Dean, School of Podiatric Medicine
$325,954Pt VII · Sec A
Former VP for Health and Wellness
$292,669Pt VII · Sec A
Professor, Podiatric Medicine
$284,898Pt VII · Sec A
Professor, Anesthesiology
$278,383Pt VII · Sec A
Dean, Law
$276,098Pt VII · Sec A
Professor of Management
$268,049Pt VII · Sec A

Dr Michael Allen’s $611K as President is at the 53rd percentile of top reported officer pay among 674 $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

NameFY2024FY2024FY2023FY2022FY2021FY2020
Dr Michael Allen$611,247
Dr Michael Allen$500,151$591,671$496,920$396,506$245,686
Cherison Cuffy$350,394
Cherison Cuffy$285,148$312,543$337,989
Robert Snyder$325,204$325,755$327,073
Robert Snyder$325,954
Ronald Dick$277,118$266,750$295,019
John McFadden$234,706$292,979$240,092$244,869$275,270

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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Statement of Revenue

Part VIII
Program service revenue$189.0M · 93%
Contributions & grants$6.5M · 3%
Other revenue$5.1M · 3%
Investment income$2.7M · 1%
Program service revenue93%$189.0M
Contributions & grants3%$6.5M
Other revenue3%$5.1M
Investment income1%$2.7M
— government grantsLn 1e$2.5M
Total revenueLn 12$203.3M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.79 Management & general $0.20 Fundraising $0.00
Program services79%$161.1M
Management & general20%$41.4M
Fundraising$161K
Total functional expensesLn 25$202.7M

Balance Sheet

Part X · end of year
CashLn 1$24.8M
Total assetsLn 16$209.2M
Total liabilitiesLn 26$74.6M
Total net assetsLn 32$134.6M
Months of cash on handcomputed1.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $85.1M · Operating expenses (Pt IX) $202.7M · Less non-cash grants $737K · Cash operating expenses/yr $202.0M
5.1 months
Where the money goes
Program services
Program services $161.1M · Total expenses $202.7M
79%
Management & General
Management & general $41.4M · Total expenses $202.7M
20%
Fundraising
Fundraising $161K · Total expenses $202.7M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $239K · Solicited contributions (3-yr avg) $5.0M
$0.05 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $6.5M · Total revenue $203.3M
3%
Government reliance
Government grants $2.5M · Total revenue $203.3M
1%
Earned-income share
Program service revenue $189.0M · Total revenue $203.3M
93%
Investment reliance
Investment income $2.7M · Total revenue $203.3M
+1%
Program self-sufficiency
Program service revenue $189.0M · Total expenses $202.7M
93%
Growth & trend
Revenue growth (YoY)
This year $203.3M · Prior year $193.9M
+5%
Revenue CAGR
FY2019 $201.3M · FY2024 $203.3M
0%
Net-asset trend (YoY)
End of year $134.6M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $203.3M · Expenses $202.7M
0%
Liabilities-to-Assets
Total liabilities — · Total assets $209.2M
Net-asset ratio
Net assets $134.6M · Total assets $209.2M
64%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $31.8M · Other securities (Pt X, ln 12) $28.5M · Total assets (Pt X, ln 16) $209.2M
29%
People & payroll
Highest Reported Total Compensation
Individual Dr Michael Allen · Reported title PRESIDENT · Highest reported compensation $611K · Total expenses $202.7M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $80.0M · Total expenses $202.7M
39%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 79%
Overhead ratio 20%
Fundraising cost ratio 2%
Revenue growth 5%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 2 funders$20K
Grants paid · 10 grants · $347.5M · 2019–2024
Unitemized GrantFY2024$55,454,423
Unitemized GrantFY2023$52,711,939
Unitemized GrantFY2022$53,580,048
Unitemized GrantFY2022$4,573,670
Unitemized GrantFY2021$57,252,219
Unitemized GrantFY2021$2,427,488
Unitemized GrantFY2020$57,563,952
Unitemized GrantFY2020$2,994,084
Unitemized GrantFY2019$58,463,372
Unitemized GrantFY2019$2,455,075

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$193.9M revenue · ⤓ 990 PDF
FY2023$195.0M revenue · ⤓ 990 PDF
FY2022$215.7M revenue · ⤓ 990 PDF
FY2021$207.5M revenue · ⤓ 990 PDF
FY2020$201.3M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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