Herzing University Ltd
Herzing University Ltd reported $243.9 million in revenue and $220.1 million in expenses for calendar year 2025. Of every $100 it spent, $87.13 went to program services, $12.84 to management and general costs and $0.03 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 96.1% of the total. The highest compensation it reported for one person was $816,807 (PRESIDENT/CEO). 131 people received more than $100,000 in reportable compensation. Revenue rose 79% between 2019 and 2025. Source: Form 990, 2025.
Where $100 of spending went
Calendar year 2025 · Form 990, Part IX, line 25 · total expenses $220MFor 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
Calendar year 2025 · Form 990, Part VIII · total revenue $244MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 87.1% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 12.8% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.02 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 1.9% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 1.8% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 96.1% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $816,807 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.37% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 131 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 8.5 | 13.3 |
| Independent voting board members Part VI 1a–1b | 12 of 12 | 100.0% |
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
2025 · Form 990, Part III · the three largest programs by expenseHerzing University provides educational programs at the certificate, undergraduate, and graduate levels for a diverse student population in traditional, non-traditional and online delivery formats. Through quality teaching and learning, the university is committed to provide students with opportunities to develop the knowledge, understanding and skills necessary for successful employment. Committed to the philosophy of putting students at the center of the university mission, Herzing University prepares graduates for careers in technology, business, and healthcare
Highest reported compensation
2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT/CEO Officer, 40.00 hrs/week | $768,813 | $0 | $47,994 | $816,807 |
| COO Key employee, 40.00 hrs/week | $616,472 | $0 | $27,333 | $643,805 |
| CIO Key employee, 40.00 hrs/week | $536,957 | $0 | $51,199 | $588,156 |
| CMO Key employee, 40.00 hrs/week | $496,344 | $0 | $49,882 | $546,226 |
| PROVOST/CAO Officer, 40.00 hrs/week | $451,360 | $0 | $46,506 | $497,866 |
| SVP OF ONLINE OPERATIONS Highest compensated employee, 40.00 hrs/week | $387,686 | $0 | $34,369 | $422,055 |
| CFO/TREASURER Officer, 40.00 hrs/week | $344,638 | $0 | $18,760 | $363,398 |
| REGIONAL CAMPUS PRESIDENT Highest compensated employee, 40.00 hrs/week | $283,717 | $0 | $34,043 | $317,760 |
131 people received more than $100,000 in reportable compensation from Herzing University Ltd (Part VII, line 2). Compensation of current officers, directors and key employees totaled $3.8M (Part IX, line 5).
7 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2025 · 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–1b12 · 12 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 2Yes
- 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 4Yes
- Over $15,000 of professional fundraising services Part IV 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 52,091
Largest outside contractors
2025 · Form 990, Part VII, Section B · businesses only| GOOGLE INC Advertising | $21,685,684 |
| META PLATFORMS INC Advertising | $2,986,361 |
| PHASE 3 MARKETING AND COMMUNICATIONS Advertising | $2,879,152 |
| VALIDATED INSIGHTS Advertising | $2,253,421 |
| GUILD EDUCATION INC Consulting | $1,776,540 |
Individuals listed as contractors are left out. 96 contractors were paid more than $100,000 in all.
Private foundation grants it received
4 private foundations reported grants to Herzing University Ltd totaling $51,531 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 Herzing University Ltd's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Herzing University Ltd, you can publish a response that is linked from this page.
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Of every $100 Herzing University Ltd spent in 2025, $87.13 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Lewis & Clark CollegePortland, OR · revenue $244M · programs 87.7% · FY2025
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- The Trustees of Mount Holyoke CollegeSouth Hadley, MA · revenue $242M · programs 84.8% · FY2025
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- President and Trustees of Bates CollegeLewiston, ME · revenue $242M · programs 86.8% · FY2025
Questions people ask
How much of Herzing University Ltd's spending goes to programs?
In calendar year 2025, Herzing University Ltd reported that 87.1% of its $220.1 million in expenses went to program services, 12.8% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Herzing University Ltd pay its top executive?
The largest total compensation Herzing University Ltd reported for one person in calendar year 2025 was $816,807, for the role of PRESIDENT/CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Herzing University Ltd get its money?
Of $243.9 million in revenue in calendar year 2025, 1.9% came from contributions and grants (including 1.8% from government grants) and 96.1% from program service revenue (Form 990, Part VIII).
Is Herzing University Ltd a registered charity?
The IRS lists EIN 27-1503981 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, 2025. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2025: Form 990 for calendar year 2025, object 202642599349301904 · read the filing
- 2024: Form 990 for calendar year 2024, object 202522869349301897 · read the filing
- 2023: Form 990 for calendar year 2023, object 202442919349301309 · read the filing
- 2022: Form 990 for calendar year 2022, object 202342759349301339 · read the filing
- 2021: Form 990 for calendar year 2021, object 202223139349302832 · read the filing
- 2020: Form 990 for calendar year 2020, object 202133089349301643 · read the filing
- 2019: Form 990 for calendar year 2019, object 202022729349300227 · read the filing
All filings for EIN 27-1503981: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.