DePauw University
DePauw University reported $263.8 million in revenue and $203.4 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $86.91 went to program services, $11.19 to management and general costs and $1.90 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 47.7% of the total. The highest compensation it reported for one person was $866,301 (President). 89 people received more than $100,000 in reportable compensation. Revenue rose 55% 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 $203MFor 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 $264MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 86.9% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 11.2% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 1.9% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.04 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 35.6% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.1% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 47.7% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $866,301 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.43% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 89 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 73.1 | 13.3 |
| Independent voting board members Part VI 1a–1b | 34 of 34 | 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 expenseDepauw University is a nationally-recognized, leading liberal arts college in greencastle, indiana, dedicated to educating 1,917 students from across the country and around the globe. For 188 years, depauw has created an atmosphere of intellectual challenge and social engagement that prepares students for lifelong success. Academic exploration at depauw pushes students to gain broad exposure to multiple disciplines before narrowing their focus. Depauw offers dozens of majors and minors, a handful of honors and fellows programs, and a set of experiential learning opportunities that challenge…
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 |
|---|---|---|---|---|
| President Officer, 55.0 hrs/week | $687,299 | $0 | $179,002 | $866,301 |
| VP for Development & Alumni Engagement Officer, 55.0 hrs/week | $295,438 | $0 | $36,897 | $332,335 |
| Vice President for Finance and Administration Officer, 55.0 hrs/week | $248,309 | $0 | $62,101 | $310,410 |
| Vice President for Academic Affairs Officer, 55.0 hrs/week | $257,268 | $0 | $38,991 | $296,259 |
| Dean of the School of Business Key employee, 55.0 hrs/week | $225,962 | $0 | $59,278 | $285,240 |
| VP for Communications & Strategy, Chief of Staff Officer, 55.0 hrs/week | $220,868 | $0 | $47,758 | $268,626 |
| VP for Student Affairs and Dean of Students Officer, 55.0 hrs/week | $196,607 | $0 | $68,761 | $265,368 |
| Vice President for Enrollment Management Officer, 55.0 hrs/week | $221,602 | $0 | $43,336 | $264,938 |
89 people received more than $100,000 in reportable compensation from DePauw University (Part VII, line 2). Compensation of current officers, directors and key employees totaled $2.8M (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–1b34 · 34 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 4Yes
- Over $15,000 of professional fundraising services Part IV 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 51,447
- Volunteers Part I, line 6150
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| Bon Appetit Management Company Food Service | $6,584,569 |
| Cornerstone Partners LLC Investment Advisor | $2,196,919 |
| Workday Inc Software and Consulting services | $2,037,142 |
| Hendricks County Hospital dba Hendricks Regional Health Outsourced health clinic services | $929,467 |
| RATIO Architects Inc Design Services | $606,302 |
Individuals listed as contractors are left out. 31 contractors were paid more than $100,000 in all.
Private foundation grants it received
51 private foundations reported grants to DePauw University totaling $96M 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 DePauw 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 DePauw University, you can publish a response that is linked from this page.
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Of every $100 DePauw University spent in FY2025, $86.91 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- KIPP DC Public Charter SchoolsWashington, DC · revenue $263M · programs 88.3% · FY2025
- Stetson UniversityDeland, FL · revenue $264M · programs 91.4% · FY2025
- The University of Florida FoundationGainesville, FL · revenue $261M · programs 86.1% · FY2025
- Teach for AmericaNew York, NY · revenue $265M · programs 75.7% · FY2025
- Scholarship AmericaMinneapolis, MN · revenue $260M · programs 93.9% · 2025
Questions people ask
How much of DePauw University's spending goes to programs?
In the fiscal year ending June 30, 2025, DePauw University reported that 86.9% of its $203.4 million in expenses went to program services, 11.2% to management and general and 1.9% to fundraising (Form 990, Part IX).
How much does DePauw University pay its top executive?
The largest total compensation DePauw University reported for one person in the fiscal year ending June 30, 2025 was $866,301, for the role of President (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does DePauw University get its money?
Of $263.8 million in revenue in the fiscal year ending June 30, 2025, 35.6% came from contributions and grants (including 0.1% from government grants) and 47.7% from program service revenue (Form 990, Part VIII).
Is DePauw University a registered charity?
The IRS lists EIN 35-0869045 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 202621349349303112 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202531329349305398 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202441359349312609 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202321359349306717 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202221329349307842 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202141349349306154 · read the filing
All filings for EIN 35-0869045: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.