Spalding University INC

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Spalding University is a diverse community of learners dedicated to meeting the needs of the times in the tradition of the sisters of charity of nazareth through quality undergraduate and graduate liberal and professional studies, grounded in spiritual values, with emphasis on service and the promotion of peace and justice.

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
Run by 58 volunteers and 732 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $1.2M a year · 3% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.0M
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
1 mo
of spending, in cash
Plus $31.5M in investments, Pt X · Ln 11–13
Fine: 1.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
14
named funders · $717K
Looks good: 14 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$9.3M
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
21
of 22 voting members
Looks good: 21 of 22 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$39.9M
-15% vs prior year
Spent
$42.4M
To programs
82%
Net assets
$74.7M
By yearFY2020–FY2025
Revenue
$39.9M
FY2025▼ -15%
Tap a bar for its year
Revenue by fiscal year
FY2020$38.4M
FY2021$39.9M
FY2022$44.3M
FY2023$43.4M
FY2024$47.1M
FY2025$39.9M
Expenses
$42.4M
FY2025+0.06%
Tap a bar for its year
Expenses by fiscal year
FY2020$38.7M
FY2021$37.4M
FY2022$42.2M
FY2023$42.6M
FY2024$42.3M
FY2025$42.4M
Net assets
$74.7M
FY2025+0.09%
Tap a bar for its year
Net assets by fiscal year
FY2020$64.8M
FY2021$71.6M
FY2022$70.1M
FY2023$72.1M
FY2024$74.7M
FY2025$74.7M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1974.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $34.9M Management & general 17% · $7.1M Fundraising 1% · $393K

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

37 people listed on the 990; $2.0M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Former Highest Compensated Employee
$167,430Pt VII · Sec A
Former Officer
$159,492Pt VII · Sec A
$158,274Pt VII · Sec A
Former Officer
$157,969Pt VII · Sec A
CFO (end 5/25)
$156,941Pt VII · Sec A
Interim President (end 12/24)
$150,102Pt VII · Sec A
Chair of Nursing
$144,492Pt VII · Sec A
Dean of Graduate Education
$139,111Pt VII · Sec A

Lewis Strickland’s $167K as Former Highest Compensated Employee is at the 23rd 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Victoria M McClure$157,969$247,998————
Tori M McClure——$243,383$237,103$213,777$241,777
Steven D Kniffley——$153,101$170,753$122,427—
Lewis Strickland$167,430$168,402————
John Burden$159,492$160,513$157,977$156,668$151,973$136,470
Melissa Chastain$158,274$129,695————
Ezra L Krumhansl$156,941$154,877$146,752———
Joanne Berryman$150,102———$128,538$95,602

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 Spalding 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 15aNo

Programs and updates

Offers doctoral and other degree programs in business, nursing, social work, and creative fields.

Questions for Spalding University INC

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3 programs · $34.9M · in their own filed words · FY2024
01

Instruction for Students

Students graduating from the athletic training master's degree achieved a 100% pass rate and 100% job placement rate for the 2024-25 graduating class. The doctor of clinical psychology program achieved a 98% internship match rate for the 2024-25 academic year and 89% of doctor of occupational therapy students passed the national board of…

$25.5Mprogram expense
02

Academic Support

Spalding advanced student achievement through targeted academic support and learning resources. The student academic success center provided 500+ tutoring sessions, with increased participation in writing support, success coaching, and ell services.

$6.5Mprogram expense
03

Student Services

The spalding eagles athletic teams are a source of pride for the university. Both the men's soccer and men's baseball teams earned a spot in the ncaa division iii tournament in 2024. Additionally, esports and men's volleyball were added to the university's athletic team portfolio.

$2.9Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 14 funders →
Grants paid · 30 grants · $34.3M · 2019–2024
Unitemized GrantFY2024$3,085,136
Unitemized GrantFY2024$1,012,130
Unitemized GrantFY2024$672,868
Unitemized GrantFY2024$582,974
Unitemized GrantFY2024$574,984
Unitemized GrantFY2023$3,170,572
Unitemized GrantFY2023$905,372
Unitemized GrantFY2023$598,154
Unitemized GrantFY2023$530,567
Unitemized GrantFY2023$324,218
Unitemized GrantFY2022$3,121,879
Unitemized GrantFY2022$806,946
Unitemized GrantFY2022$579,408
Unitemized GrantFY2022$578,997
Unitemized GrantFY2022$500,143
Unitemized GrantFY2021$3,274,385
Unitemized GrantFY2021$808,045
Unitemized GrantFY2021$586,069
See all 30 grants →

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Jun 2025 · $24.4M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$19.9M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$1.8M
Nursing Student LoansDepartment of Health and Human Services · ALN 93.364 · Direct$504K
Advanced Nursing Education Workforce Grant ProgramDepartment of Health and Human Services · ALN 93.247 · Direct$423K
Mental and Behavioral Health Education and Training GrantsDepartment of Health and Human Services · ALN 93.732 · Direct$342K

Plus 10 smaller programs.

The auditor reported no findings.

Year ending Jun 2024 · $24.0M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$19.5M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$1.5M
Nursing Student LoansDepartment of Health and Human Services · ALN 93.364 · Direct$549K
Mental and Behavioral Health Education and Training GrantsDepartment of Health and Human Services · ALN 93.732 · Direct$509K
Advanced Nursing Education Workforce Grant ProgramDepartment of Health and Human Services · ALN 93.247 · Direct$481K

Plus 9 smaller programs.

The auditor reported 1 finding: a weakness in money controls.

Year ending Jun 2023 · $20.3M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$15.5M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$1.5M
Education Stabilization FundDepartment of Education · ALN 84.425 · Direct and through Commonwealth of Kentucky and 1 more$964K
Nursing Student LoansDepartment of Health and Human Services · ALN 93.364 · Direct$635K
Mental and Behavioral Health Education and Training GrantsDepartment of Health and Human Services · ALN 93.732 · Direct$519K

Plus 8 smaller programs.

The auditor reported 7 findings: a weakness in money controls.

Year ending Jun 2022 · $26.8M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$18.4M
Covid-19 - Education Stabilization FundDepartment of Education · ALN 84.425 · Direct$3.7M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$1.4M
Nursing Student LoansDepartment of Health and Human Services · ALN 93.364 · Direct$1.3M
Federal Perkins Loan ProgramDepartment of Education · ALN 84.038 · Direct$768K

Plus 8 smaller programs.

The auditor reported 7 findings: a weakness in money controls.

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$39.9M
Ln 12
Fees for servicesLn 2g$32.4M
Gifts and grantsLn 1h$4.9M
Other incomeLn 4–11$1.6M
Money outPt IX
$42.4M
Ln 25
Programscol B$34.9M
Managementcol C$7.1M
Fundraisingcol D$393K
Owns and owesPt X
$74.7M
net assets · Ln 32
Cash and savingsLn 1–2$4.6M
Total assetsLn 16$84.1M
LiabilitiesLn 26$9.3M
PeoplePt VI, VII
37
listed · VII A
PaidVII A15
Voting boardVI 1a22
IndependentVI 1b21
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.9M
Government grantsLn 1e$1.7M
Noncash giftsLn 1g$1.7M
Fundraising eventsLn 1c$36K
Fees for servicesLn 2g$32.4M
Investment incomeLn 3$1.1M
Other incomeLn 4–11$1.6M
Gains on assetsLn 7$78K
Total revenueLn 12$39.9M
Assets in detailPt X, end of year
CashLn 1$1.7M
SavingsLn 2$2.8M
Cash and savings togetherLn 1–2$4.6M
Pledges and grants receivableLn 3$2.1M
Accounts receivableLn 4$281K
Notes and loans receivableLn 7$515K
Inventories for sale or useLn 8$15K
Prepaid expenses and deferred chargesLn 9$626K
Land, buildings, equipmentLn 10c$42.5M
InvestmentsLn 11–13$31.5M
Other assetsLn 15$1.9M
Total assetsLn 16$84.1M
LiabilitiesLn 26$9.3M
Net assetsLn 32$74.7M
OperationsPt I, VI
EmployeesI 5732
VolunteersI 658
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$1.7M
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$128K
Share of the $34.7M endowmentSch D 1g0.37%
Typical, median of 2,202 orgs0.44%
EndowmentSch D · Pt V
LineFY25FY24FY23FY22FY21
End of yearLn 1g$34.7M$31.8M$28.3M$22.6M$26.4M
Given inLn 1b$581K$979K$4.7M$10K$476K
SpentLn 1d–1f$1.0M$742K$1.0M$1.0M$700K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$9.2M$4.6M
InvestmentsLn 11–13$27.8M$31.5M
Land, buildings, equipmentLn 10c$44.1M$42.5M
Total assetsLn 16$85.5M$84.1M
LiabilitiesLn 26$10.8M$9.3M
Net assetsLn 32$74.7M$74.7M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$5.9M$5.9M
Pay of current officers, directors and key staffLn 5$1.4M$487K$915K
Other salaries and wagesLn 7$16.0M$14.1M$1.7M$247K
Pension plan contributionsLn 8$543K$465K$69K$9K
Other employee benefitsLn 9$1.8M$836K$939K$19K
Payroll taxesLn 10$1.3M$1.1M$202K$18K
Legal feesLn 11b$48K$48K
Accounting feesLn 11c$78K$78K
Investment management feesLn 11f$128K$128K
Other fees for servicesLn 11g$3.0M$2.3M$692K$32K
Advertising and promotionLn 12$714K$120K$553K$41K
Office expensesLn 13$835K$481K$350K$4K
Information technologyLn 14$861K$861K
OccupancyLn 16$972K$952K$17K$3K
TravelLn 17$726K$696K$28K$2K
InterestLn 20$141K$138K$2K$451
Depreciation, depletion and amortizationLn 22$1.9M$1.9M$33K$6K
InsuranceLn 23$396K$394K$2K
Other expenses (24a–d)Ln 24$3.7M$3.4M$306K$6K
All other expensesLn 24e$1.9M$1.7M$193K$5K
Total functional expensesLn 25$42.4M$34.9M$7.1M$393K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS May 15, 2026 $39.9M$42.4M−$2.4M$74.7M 990 PDF
FY2024Filed with the IRS May 13, 2025 $47.1M$42.3M$4.7M$74.7M 990 PDF
FY2023Filed with the IRS May 13, 2024 $43.4M$42.6M$788K$72.1M 990 PDF
FY2022Filed with the IRS May 15, 2023 $44.3M$42.2M$2.1M$70.1M 990 PDF
FY2021Filed with the IRS May 16, 2022 $39.9M$37.4M$2.5M$71.6M 990 PDF
FY2020Filed with the IRS May 14, 2021 $38.4M$38.7M−$298K$64.8M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $39,941,671 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,062,762$4,857,690
I-9 Program service revenuePrior year $32,506,401$32,382,595
I-10 Investment incomePrior year $9,953,071$1,076,214
I-11 Other revenuePrior year $1,538,543$1,625,172
I-12 Total revenuePrior year $47,060,777$39,941,671
I-13 Grants and similar amounts paidPrior year $5,528,883$5,928,092
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $21,605,148$21,007,356
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $15,191,421$15,414,718
I-18 Total expensesPrior year $42,325,452$42,350,166
I-19 Revenue less expensesPrior year $4,735,325−$2,408,495
Part VI · Governance 21 of 22 board members independent, 1 to look at
VI-1a Voting members of the governing body22
VI-1b Independent voting members21
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $39,941,671 across 12 lines filed
Lines not itemized here account for $555,202 of total revenue; see the IRS return.
VIII-1c Fundraising events$35,815
VIII-1e Government grants$1,721,206
VIII-1f All other contributions, gifts and grants$3,100,669
VIII-1g Noncash contributions (included above)$1,673,872
VIII-1h Total contributions, gifts and grants$4,857,690
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $32,294,875$32,294,875
VIII-3 Investment incomeExcluded from tax $998,440$998,440
VIII-6 Net rental income or lossExcluded from tax $40,399$40,399
VIII-7 Net gain or loss on sales of assetsExcluded from tax $77,774$77,774
VIII-8 Net income from fundraising eventsExcluded from tax $30,043$30,043
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $303,862 · Excluded from tax $783,386$1,087,248
VIII-12 Total revenueRelated to mission $33,137,146 · Unrelated business $0 · Excluded from tax $1,946,835$39,941,671
Part IX · Statement of functional expenses $42,350,166 across 20 lines filed
IX-2 Grants to domestic individualsPrograms $5,928,092$5,928,092
IX-5 Pay of current officers, directors and key staffPrograms $486,808 · Management $915,433$1,402,241
IX-7 Other salaries and wagesPrograms $14,056,710 · Management $1,673,978 · Fundraising $247,011$15,977,699
IX-8 Pension plan contributionsPrograms $464,950 · Management $68,779 · Fundraising $9,117$542,846
IX-9 Other employee benefitsPrograms $835,933 · Management $939,203 · Fundraising $18,725$1,793,861
IX-10 Payroll taxesPrograms $1,069,922 · Management $202,308 · Fundraising $18,479$1,290,709
IX-11b Legal feesManagement $48,000$48,000
IX-11c Accounting feesManagement $77,675$77,675
IX-11f Investment management feesManagement $127,970$127,970
IX-11g Other fees for servicesPrograms $2,260,294 · Management $691,844 · Fundraising $31,965$2,984,103
IX-12 Advertising and promotionPrograms $120,096 · Management $553,044 · Fundraising $41,282$714,422
IX-13 Office expensesPrograms $480,525 · Management $350,065 · Fundraising $4,320$834,910
IX-14 Information technologyManagement $861,018$861,018
IX-16 OccupancyPrograms $952,306 · Management $16,869 · Fundraising $3,105$972,280
IX-17 TravelPrograms $696,321 · Management $28,027 · Fundraising $1,613$725,961
IX-20 InterestPrograms $138,234 · Management $2,449 · Fundraising $451$141,134
IX-22 Depreciation, depletion and amortizationPrograms $1,880,963 · Management $33,319 · Fundraising $6,132$1,920,414
IX-23 InsurancePrograms $394,133 · Management $1,731$395,864
IX-24 Other expenses (24a–d)Programs $3,379,458 · Management $306,423 · Fundraising $5,563$3,691,444
IX-24e All other expensesPrograms $1,721,717 · Management $192,504 · Fundraising $5,302$1,919,523
IX-25 Total functional expensesPrograms $34,866,462 · Management $7,090,639 · Fundraising $393,065$42,350,166
Part X · Balance sheet $84,064,604 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $641,393$1,725,967
X-2 Savings and temporary cash investmentsStart of year $8,595,600$2,843,419
X-3 Pledges and grants receivableStart of year $925,030$2,071,968
X-4 Accounts receivableStart of year $329,381$281,250
X-7 Notes and loans receivableStart of year $554,418$514,765
X-8 Inventories for sale or useStart of year $26,745$15,228
X-9 Prepaid expenses and deferred chargesStart of year $607,441$626,101
X-10c Land, buildings and equipment, netStart of year $44,072,902$42,547,604
X-11 Publicly traded securitiesStart of year $27,831,351$31,510,581
X-15 Other assetsStart of year $1,876,079$1,927,721
X-16 Total assetsStart of year $85,460,340$84,064,604
X-17 Accounts payable and accrued expensesStart of year $2,532,153$2,650,601
X-19 Deferred revenueStart of year $1,390,853$602,316
X-24 Unsecured notes and loans payableStart of year $5,048,216$4,379,938
X-25 Other liabilitiesStart of year $1,818,902$1,693,816
X-26 Total liabilitiesStart of year $10,790,124$9,326,671
X-27 Net assets without donor restrictionsStart of year $42,286,934$39,699,292
X-28 Net assets with donor restrictionsStart of year $32,383,282$35,038,641
X-32 Total net assets or fund balancesStart of year $74,670,216$74,737,933
X-33 Total liabilities and net assetsStart of year $85,460,340$84,064,604
Part XI · Reconciliation of net assets $74,737,933 net assets at year end
XI-1 Total revenue$39,941,671
XI-2 Total expenses$42,350,166
XI-3 Revenue less expenses−$2,408,495
XI-4 Net assets at start of year$74,670,216
XI-5 Net unrealized gains (losses) on investments$2,400,055
XI-9 Other changes in net assets$76,157
XI-10 Net assets at end of year$74,737,933

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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