Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1955.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
86 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
36 people listed on the 990; $2.0M paid to officers and key staff.
Dr John P Marsden’s $551K as President is at the 92nd 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 John P Marsden | $550,526 | $510,100 | $499,419 | $476,596 | $417,605 | $369,905 |
| Leah Rice | $183,649 | $168,857 | $160,821 | $155,065 | $146,114 | $124,938 |
| Mary Elizabeth Stivers | — | — | — | — | $112,482 | $177,825 |
| Timothy Campbell | $174,090 | $120,396 | — | — | — | — |
| James Timothy Culver | $160,987 | $146,831 | $139,379 | $129,969 | — | — |
| William Kennedy | — | — | $152,223 | $152,556 | $140,800 | $127,651 |
| Ellen D Gregory | $132,117 | $130,389 | $122,885 | $120,276 | $124,224 | $113,911 |
| Timothy Culver | — | — | — | — | $131,813 | $126,065 |
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.
See Midway University INC executive salaries →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 for personal growth, responsible citizenship, and meaningful careers.
Questions for Midway University INC
Your first name shows with your question. Midway University INC answers here, for everyone.
Midway university offers a liberal arts foundation through a general education curriculum and career focused preparation through majors at the undergraduate level. In addition, the university provides coeducational accelerated adult undergraduate and graduate programs in the evenings at the main campus and online.
The university provides students with a number of opportunities to become involved in social, recreational, educational, and cultural activities. Annual events include night of lights, the last supper, midway christmas vespers, and graduation festivities. Chorale concerts and student productions add a cultural dimension to campus life.
The university provides academic support to students in the form of academic advisors, academic counseling, and library and computer services. The university's 15 - 1 student-faculty ratio ensures easy access to and development of good relationships with faculty.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
Federal money
The auditor reported no findings.
The auditor reported 1 finding.
The auditor reported no findings.
Plus 1 smaller program.
The auditor reported no findings.
By the numbers
The FY2025 990, line by line.
Download 990
| Line | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|
| End of yearLn 1g | $38.5M | $35.3M | $31.6M | $28.9M | $36.4M |
| Given inLn 1b | $79K | $63K | $88K | $2K | $857K |
| SpentLn 1d–1f | $851K | $1.6M | $359K | $2.6M | $394K |
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $543K | $4.4M |
| InvestmentsLn 11–13 | $35.3M | $38.5M |
| Land, buildings, equipmentLn 10c | $25.6M | $26.5M |
| Total assetsLn 16 | $81.6M | $89.0M |
| LiabilitiesLn 26 | $26.0M | $27.3M |
| Net assetsLn 32 | $55.6M | $61.6M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $10.3M | $10.3M | ||
| Pay of current officers, directors and key staffLn 5 | $1.7M | $1.4M | $309K | $56K |
| Other salaries and wagesLn 7 | $9.6M | $7.7M | $1.7M | $264K |
| Pension plan contributionsLn 8 | $215K | $140K | $49K | $25K |
| Other employee benefitsLn 9 | $1.3M | $1.0M | $192K | $59K |
| Payroll taxesLn 10 | $775K | $606K | $147K | $22K |
| Legal feesLn 11b | $22K | $22K | ||
| Accounting feesLn 11c | $86K | $86K | ||
| Investment management feesLn 11f | $192K | $192K | ||
| Other fees for servicesLn 11g | $4.5M | $4.4M | $131K | $855 |
| Advertising and promotionLn 12 | $567K | $494K | $69K | $4K |
| Office expensesLn 13 | $266K | $169K | $98K | |
| Information technologyLn 14 | $585K | $53K | $532K | |
| OccupancyLn 16 | $1.1M | $633K | $390K | $33K |
| TravelLn 17 | $874K | $577K | $294K | $3K |
| InterestLn 20 | $447K | $415K | $27K | $4K |
| Depreciation, depletion and amortizationLn 22 | $2.6M | $2.4M | $138K | $1K |
| InsuranceLn 23 | $493K | $411K | $83K | |
| Other expenses (24a–d)Ln 24 | $1.6M | $1.3M | $260K | $53K |
| All other expensesLn 24e | $764K | $677K | $52K | $36K |
| Total functional expensesLn 25 | $38.0M | $32.7M | $4.8M | $562K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest ViewingFiled with the IRS Mar 12, 2026 | $41.5M | $38.0M | $3.5M | $61.6M | 990 PDF |
| FY2024Filed with the IRS Mar 10, 2025 | $38.1M | $36.4M | $1.7M | $55.6M | 990 PDF |
| FY2023Filed with the IRS Mar 12, 2024 | $36.2M | $33.0M | $3.1M | $49.4M | 990 PDF |
| FY2022Filed with the IRS Mar 3, 2023 | $32.6M | $31.4M | $1.2M | $43.1M | 990 PDF |
| FY2021Filed with the IRS Mar 8, 2022 | $33.5M | $29.0M | $4.5M | $47.9M | 990 PDF |
| FY2020Filed with the IRS Apr 1, 2021 | $27.6M | $27.6M | −$2K | $37.9M | 990 PDF |
Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $41,488,226 revenue, 12 lines filed
Part VI · Governance 24 of 24 board members independent, 1 to look at
Part VIII · Statement of revenue $41,488,226 across 9 lines filed
Part IX · Statement of functional expenses $37,998,296 across 20 lines filed
Part X · Balance sheet $88,963,568 assets, 19 lines filed
Part XI · Reconciliation of net assets $61,635,253 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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