Chapman University EIN 95-1643992 Form 990 (PDF) Claim this org

Chapman University

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Provides personalized higher education and diverse extracurricular programs to foster ethical, productive global citizens through academics, athletics, and student organizations. For fiscal year 2025 it reported $757.8M in revenue, $689.7M in expenses, and $1.8B in net assets.Pt I

Founded
1861
Type
Higher education institution · Colleges & Universities
Location
Orange, CA
Website
www.chapman.edu
Filings
6 on file (2020–2025)
Revenue
$757.8MFY2025
Expenses
$689.7M
Net assets
$1.8B
People
81
Filings
6
Updates
0
More identity details & actions ⌄
EIN  95-1643992 Higher education institution Orange, CA Founded 1861
Form 990 (PDF)
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Figures match the IRS filing checked 7/4/26 · see original: IRS
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Size
$100M+
What they do
Provides personalized higher education and diverse extracurricular programs to foster ethical, productive global citizens through academics, athletics, and student organizations.
Leadership
Daniele Struppa · President/Ex-Officio Trustee · $1.3M
Money in and out
$757.8M revenue, $689.7M expenses
Bottom line
+9% operating surplus
Financial scale & money flow · FY2025
Total revenue
$757.8M
Pt VIII · Ln 12
Total expenses
$689.7M
Pt IX · Ln 25
Net assets
$1.8B
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $68.0M
Where spending went · Part IX cols B–D
Program services $0.89 Management & general $0.09 Fundraising $0.03
Operating surplus
+9%
revenue over expenses, this legal entity▼ -26% vs prior filing year
Payroll share
42%
of this entity's spending is salaries & benefits▲ +3% vs prior filing year
Program spending
89%
of expenses reach program services▲ +0.7% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$757.8M
FY2025▼ -2%
Expenses
$689.7M
FY2025▲ +1%
Total assets
$2.4B
FY2025▲ +4%
Total liabilities
$525.8M
FY2025▼ -3%
Total revenue
$757.8M
Pt VIII · Ln 12
Total expenses
$689.7M
Pt IX · Ln 25
Net assets
$1.8B
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$68.0M
Total assetsPt X · Ln 16$2.4B
Program-expense ratioPt IX · col B89%
Voting members of governing bodyPt I · Ln 364
Independent voting membersPt I · Ln 463
Mission & Programs · Part III

Where the work happens

3 program services account for $560.8M of program spending, described in the organization's own filed words · FY2024.
01

Listed below are chapman university's academic programs, which currently provide more than 50 fields of undergraduate study and more than 40 graduate programs, as well as a variety of credential and certificate PROGRAMS.- george l.

$453.2Mprogram expense
02

Chapman university has two libraries which serve as a primary resource of academic support for our students and faculty -the leatherby libraries and the hugh & hazel darling law LIBRARY.THE leatherby libraries includes nine individually named libraries with distinctive collections representing disciplinary areas of the university to…

$57.2Mprogram expense
03

Student Services

Chapman university students have endless opportunities for extending their education beyond the classroom. These opportunities include student government, division iii intercollegiate athletics, publications, radio broadcasting, fine arts, and over 200 registered student organizations, including an active fraternity and sorority system.

$50.4Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CChapman University
EINHdr · item D95-1643992
Principal addressHdr · item COrange, CA
WebsiteHdr · item Jwww.chapman.edu
Year of formationHdr · item L1861
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFColleges & Universities (B430)
Ruling yearIRS BMFApr 1951

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a64
Independent voting membersPt VI · Ln 1b63
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 · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President/Ex-Officio Trustee
$1,308,930Pt VII · Sec A
Exec VP & COO (thru 4/23/25)
$994,193Pt VII · Sec A
Exec VP and Chief Advancement
$835,398Pt VII · Sec A
EVP Provost (thru 3/13/25)
$718,447Pt VII · Sec A
$652,860Pt VII · Sec A
Sr.vp, Investments & Admin
$640,036Pt VII · Sec A
Faculty - Nobel Laureate
$588,418Pt VII · Sec A
$509,456Pt VII · Sec A

Daniele Struppa’s $1.3M as President/Ex-Officio Trustee is at the 83rd 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Gary Brahm$2,412,500
Daniele Struppa$1,308,930$1,256,399$1,187,490$2,233,372$1,295,806$1,286,233
Charles Bullock$1,497,500
Phillip Doolittle$1,300,000
Saskia Knight$1,300,000
Harold Hewitt JR$994,193$1,145,032$940,407$855,052$1,010,857$759,219
Matthew Parlow$835,398$805,223$688,722
Norma Bouchard$718,447$698,281$682,069$217,696

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$646.6M · 85%
Contributions & grants$52.9M · 7%
Investment income$39.2M · 5%
Other revenue$19.1M · 3%
Program service revenue85%$646.6M
Contributions & grants7%$52.9M
Investment income5%$39.2M
Other revenue3%$19.1M
— government grantsLn 1e$16.4M
Total revenueLn 12$757.8M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.89 Management & general $0.09 Fundraising $0.03
Program services89%$610.5M
Management & general9%$59.0M
Fundraising3%$20.3M
Total functional expensesLn 25$689.7M

Balance Sheet

Part X · end of year
CashLn 1$144.4M
Total assetsLn 16$2.4B
Total liabilitiesLn 26$525.8M
Total net assetsLn 32$1.8B
Months of cash on handcomputed2.5

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.1B · Operating expenses (Pt IX) $689.7M · Less non-cash grants $4.3M · Cash operating expenses/yr $685.4M
18.6 months
Where the money goes
Program services
Program services $610.5M · Total expenses $689.7M
89%
Management & General
Management & general $59.0M · Total expenses $689.7M
9%
Fundraising
Fundraising $20.3M · Total expenses $689.7M
3%
Cost to raise $1
Fundraising expense (3-yr avg) $19.6M · Solicited contributions (3-yr avg) $40.4M
$0.49 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $52.9M · Total revenue $757.8M
7%
Government reliance
Government grants $16.4M · Total revenue $757.8M
2%
Earned-income share
Program service revenue $646.6M · Total revenue $757.8M
85%
Investment reliance
Investment income $39.2M · Total revenue $757.8M
+5%
Program self-sufficiency
Program service revenue $646.6M · Total expenses $689.7M
94%
Growth & trend
Revenue growth (YoY)
This year $757.8M · Prior year $776.2M
-2%
Revenue CAGR
FY2019 $623.1M · FY2024 $757.8M
+4%
Net-asset trend (YoY)
End of year $1.8B · Beginning of year $1.7B
+7%
Balance sheet
Surplus Margin
Revenue $757.8M · Expenses $689.7M
+9%
Liabilities-to-Assets
Total liabilities $525.8M · Total assets $2.4B
22%
Net-asset ratio
Net assets $1.8B · Total assets $2.4B
78%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $215.6M · Other securities (Pt X, ln 12) $700.7M · Total assets (Pt X, ln 16) $2.4B
39%
People & payroll
Highest Reported Total Compensation
Individual Daniele Struppa · Reported title PRESIDENT/EX-OFFICIO TRUSTEE · Highest reported compensation $1.3M · Total expenses $689.7M
0.2%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $290.0M · Total expenses $689.7M
42%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 89%
Overhead ratio 9%
Fundraising cost ratio 38%
Revenue growth -2%
Investment management fee ratio 0.3%
Legal fee ratio 0.2%
Accounting fee ratio 0.07%

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
See all 4 funders →
Grants paid · 124 grants · $1.1B · 2019–2024
Unitemized GrantFY2024$190,514,608
Unitemized GrantFY2024$21,706,257
Arizona State UniversityFY2024$712,019
Memorial Health ServicesCA · FY2024$144,005
University of RedlandsCA · FY2024$89,667
Loyola Marymount UniversityCA · FY2024$72,989
University of San FranciscoCA · FY2024$70,391
Colorado State UniversityFY2024$57,881
University of ArizonaFY2024$40,534
See all 124 grants →

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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
FY2025 (Latest)$757.8M revenue · viewing · ⤓ 990 PDF
FY2024$776.2M revenue · ⤓ 990 PDF
FY2023$697.6M revenue · ⤓ 990 PDF
FY2022$697.7M revenue · ⤓ 990 PDF
FY2021$634.4M revenue · ⤓ 990 PDF
FY2020$623.1M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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