University of Notre Dame du Lac
University of Notre Dame du Lac reported $3.42 billion in revenue and $2.37 billion in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $84.74 went to program services, $12.01 to management and general costs and $3.25 to fundraising. Its largest source of revenue was investment income: 40.6% of the total. The highest compensation it reported for one person was $8,137,948 (Head Coach, Football). 2,048 people received more than $100,000 in reportable compensation. Revenue rose 36% 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 $2.37BFor 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 $3.42BThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 84.7% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 12.0% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 3.3% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.11 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 20.4% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 4.2% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 38.5% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $8,137,948 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.34% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 2,048 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 124.3 | 13.3 |
| Independent voting board members Part VI 1a–1b | 35 of 39 | 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
FY2025 · Form 990, Part III · the three largest programs by expenseAcademic Programs & Research - Provided academic instruction, support services, and public service and research opportunities to over 13,000 undergraduate and graduate students pursuing courses of study within six undergraduate colleges, a business school, a law school, an architecture school, a school of global affairs, and a graduate school. Instructional services resulted in the conferral of over 3,800 baccalaureate, master's, doctoral, and professional degrees. Academic support services included providing world-class library facilities, the publishing of numerous academic periodicals and…
Auxiliary enterprises - Provided services to the University community, its guests and other patrons including food services, student and visitor lodging, laundry services, event management, and multiple recreational facilities. The University intercollegiate athletics program enabled student-athletes to compete in twenty-six sports programs at the NCAA Division I level
Highest reported compensation
FY2025 · 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 |
|---|---|---|---|---|
| Head Coach, Football Highest compensated employee, 40.0 hrs/week | $8,072,688 | $0 | $65,260 | $8,137,948 |
| VP & Chief Investment Officer (until 6/30/24) Highest compensated employee, 40.0 hrs/week | $3,849,508 | $0 | $44,251 | $3,893,759 |
| VP & Chief Investment Officer (as of 7/1/2024) Officer, 40.0 hrs/week | $2,294,818 | $0 | $1,007,369 | $3,302,187 |
| Offensive Coordinator, Football Highest compensated employee, 40.0 hrs/week | $2,428,515 | $0 | $62,947 | $2,491,462 |
| VP & Director of Athletics (as of 3/25/24) Key employee, 40.0 hrs/week | $2,011,661 | $0 | $363,345 | $2,375,006 |
| Executive Vice President Officer, 40.0 hrs/week | $1,956,209 | $0 | $400,075 | $2,356,284 |
| Defensive Coordinator, Football Highest compensated employee, 40.0 hrs/week | $2,268,020 | $0 | $63,862 | $2,331,882 |
| Head Coach, Men's Basketball Highest compensated employee, 40.0 hrs/week | $2,237,057 | $0 | $71,783 | $2,308,840 |
2,048 people received more than $100,000 in reportable compensation from University of Notre Dame du Lac (Part VII, line 2). Compensation of current officers, directors and key employees totaled $11M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance 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–1b39 · 35 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 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 519,482
- Volunteers Part I, line 62,122
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| Shiel Sexton Company Inc Construction | $56,360,726 |
| Premise Health Employer Solutions LLC Medical | $21,506,945 |
| Ziolkowski Construction Inc Construction | $17,484,857 |
| Bulley rews Construction | $16,885,455 |
| Larson-Danielson Construction Co Inc Construction | $16,783,889 |
Individuals listed as contractors are left out. 355 contractors were paid more than $100,000 in all.
Private foundation grants it received
351 private foundations reported grants to University of Notre Dame du Lac totaling $92M 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 University of Notre Dame du Lac's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for University of Notre Dame du Lac, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 University of Notre Dame du Lac spent in FY2025, $84.74 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- The Trustees of Princeton UniversityPrinceton, NJ · revenue $3.21B · programs 87.5% · FY2025
- Governing Council of the University of TorontoCanada, · revenue $3.49B · programs 94.8% · FY2025
- Gothic CorporationDurham, NC · revenue $3.18B · programs 100.0% · FY2025
- THE CHANCELLOR MASTERS AND SCHOLARS Of the University of CambridgeNew York, NY · revenue $3.50B · programs 86.7% · FY2025
- Northeastern UniversityBoston, MA · revenue $3.16B · programs 90.8% · FY2025
Questions people ask
How much of University of Notre Dame du Lac's spending goes to programs?
In the fiscal year ending June 30, 2025, University of Notre Dame du Lac reported that 84.7% of its $2.37 billion in expenses went to program services, 12.0% to management and general and 3.3% to fundraising (Form 990, Part IX).
How much does University of Notre Dame du Lac pay its top executive?
The largest total compensation University of Notre Dame du Lac reported for one person in the fiscal year ending June 30, 2025 was $8,137,948, for the role of Head Coach, Football (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does University of Notre Dame du Lac get its money?
Of $3.42 billion in revenue in the fiscal year ending June 30, 2025, 20.4% came from contributions and grants (including 4.2% from government grants) and 38.5% from program service revenue (Form 990, Part VIII).
Is University of Notre Dame du Lac a registered charity?
The IRS lists EIN 35-0868188 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 202601339349304655 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202511349349304776 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202411349349301721 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202341329349307024 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202221339349302942 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202111349349302221 · read the filing
All filings for EIN 35-0868188: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.