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Husson University

Bangor, ME · EIN 01-0271210 · 501(c)(3) · School
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Husson University reported $94.9 million in revenue and $98.4 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $90.47 went to program services, $8.63 to management and general costs and $0.90 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 94.0% of the total. The highest compensation it reported for one person was $544,248 (Past President (Term End 6/24)). 42 people received more than $100,000 in reportable compensation. Revenue rose 16% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $98M

For context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $95M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 5,499 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
90.5%84.4%
Management & general
Part IX 25(C) ÷ 25(A)
8.6%13.4%
Fundraising
Part IX 25(D) ÷ 25(A)
0.9%0.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.29$0.04
Contributions & grants share of revenue
Part VIII 1h ÷ 12
3.3%19.1%
Government grants share of revenue
Part VIII 1e ÷ 12
0.6%1.1%
Program service revenue share
Part VIII 2g ÷ 12
94.0%69.9%
Highest reported compensation
Part VII-A, columns D–F
$544,248$331,578
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
0.55%1.28%
People paid over $100,000
Part VII, line 2
428
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
14.213.3
Independent voting board members
Part VI 1a–1b
28 of 30100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$79M expenses · 88.7% of program spending · grants $31M · revenue $75M

For more than 125 years, Husson University has prepared future leaders to address the challenges of tomorrow through innovative undergraduate and graduate degrees.With a commitment to delivering affordable classroom, online and experiential learning opportunities, Husson University has come to represent superior value in higher education. Our Bangor campus provides advanced knowledge in business, health, science and humanities, as well as communication. In addition, Husson University has a robust online learning program.According to a recent analysis of tuition and fees by U.S. News & World…

$10M expenses · 11.3% of program spending · revenue $15M

Auxiliary ServicesThe Auxiliary Services department provides a variety of support services designed to enhance the Husson educational and student experience for the University. Serving a diverse set of stakeholders, Auxiliary services works to ensuring the continued success of the University in a fiscally responsible manner while reducing risk for the institution.Services provided by this department include dining, maintenance, custodial, environmental health, safety, security, grounds keeping, the bookstore, and capital facility project management.Dining services seeks to provide a variety…

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
Past President (Term End 6/24)
Key employee, 20.00 hrs/week
$357,918$0$186,330$544,248
President
Officer, 20.00 hrs/week
$327,321$0$19,831$347,152
Dean of Science & Humanities
Highest compensated employee, 40.00 hrs/week
$193,257$0$20,936$214,193
Past VP Finance & Admin/Treasurer
Officer, 40.00 hrs/week
$171,627$0$35,905$207,532
Dean College of Business & NESCOM
Highest compensated employee, 40.00 hrs/week
$183,846$0$23,091$206,937
Professor of Pharmocology
Highest compensated employee, 40.00 hrs/week
$161,580$0$20,170$181,750
Dean College Health/Assoc. Provost
Highest compensated employee, 40.00 hrs/week
$155,765$0$23,143$178,908
VP for Enrollment Management
Highest compensated employee, 40.00 hrs/week
$163,738$0$9,824$173,562

42 people received more than $100,000 in reportable compensation from Husson University (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.3M (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$25M$50M$75M$100MFY2020FY2021FY2022FY2023FY2024FY2025$95M$98M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$95M$98M90.5%$117M$544,248
FY2024 ⓘ$86M$86M89.0%$116M$464,147
FY2023 ⓘ$82M$81M89.6%$111M$406,911
FY2022 ⓘ$87M$82M89.8%$105M$472,508
FY2021 ⓘ$80M$74M88.7%$105M$781,805
FY2020 ⓘ$82M$73M89.7%$91M$447,451

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b30 · 28 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 51,473
  • Volunteers Part I, line 629

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
Education Dynamics LLC
Admin & Marketing
$2,865,023
Decibel Media LLC
Advertising
$892,548
A3 Communications
Security Surveillance
$542,664
Cyr Bus Line
Student Transportation
$446,517
Hampden Electrical
Electrical Services
$239,694

Individuals listed as contractors are left out. 26 contractors were paid more than $100,000 in all.

Private foundation grants it received

40 private foundations reported grants to Husson University totaling $2.6M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Husson University's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Husson University, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All education charities · Largest charities in Maine

Questions people ask

How much of Husson University's spending goes to programs?

In the fiscal year ending June 30, 2025, Husson University reported that 90.5% of its $98.4 million in expenses went to program services, 8.6% to management and general and 0.9% to fundraising (Form 990, Part IX).

How much does Husson University pay its top executive?

The largest total compensation Husson University reported for one person in the fiscal year ending June 30, 2025 was $544,248, for the role of Past President (Term End 6/24) (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Husson University get its money?

Of $94.9 million in revenue in the fiscal year ending June 30, 2025, 3.3% came from contributions and grants (including 0.6% from government grants) and 94.0% from program service revenue (Form 990, Part VIII).

Is Husson University a registered charity?

The IRS lists EIN 01-0271210 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202641209349300224 · read the filing
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202531359349302748 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202431249349300938 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202341259349300619 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202201179349302300 · read the filing
  • FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202111259349300541 · read the filing

All filings for EIN 01-0271210: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.