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Walsh College of Accountancy & Business Administration

Troy, MI · EIN 38-1308480 · 501(c)(3) · School
Latest filing: Form 990 for the fiscal year ending August 31, 2025 (tax year 2024) · View the filing · Correct or respond

Walsh College of Accountancy & Business Administration reported $20.1 million in revenue and $19.4 million in expenses for the fiscal year ending August 31, 2025. Of every $100 it spent, $81.89 went to program services, $15.90 to management and general costs and $2.21 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 85.8% of the total. The highest compensation it reported for one person was $336,298 (PRESIDENT & CEO). 28 people received more than $100,000 in reportable compensation. Revenue fell 18% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending August 31, 2025 · Form 990, Part IX, line 25 · total expenses $19M

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 August 31, 2025 · Form 990, Part VIII · total revenue $20M

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)
81.9%84.4%
Management & general
Part IX 25(C) ÷ 25(A)
15.9%13.4%
Fundraising
Part IX 25(D) ÷ 25(A)
2.2%0.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.18$0.04
Contributions & grants share of revenue
Part VIII 1h ÷ 12
11.8%19.1%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%1.1%
Program service revenue share
Part VIII 2g ÷ 12
85.8%69.9%
Highest reported compensation
Part VII-A, columns D–F
$336,298$331,578
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
1.73%1.28%
People paid over $100,000
Part VII, line 2
288
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
27.813.3
Independent voting board members
Part VI 1a–1b
6 of 7100.0%

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
$9.7M expenses · 60.6% of program spending · revenue $17M

Walsh provides a transformative business and technology education that combines theory, application, and professional experience to prepare graduates for successful careers. Programs include hands-on curriculum delivered in small class settings, both on ground and virtually, synchronous and asynchronous, by academic faculty with real-world experience. More than 1,000 students were enrolled for FY 2024-2025

$3.6M expenses · 22.1% of program spending

Student services walsh provides students a strong network of support including admissions and academic advising, financial aid, veteran services, student life, academic tutoring, and career services. Support begins with admissions advisors at the first admissions inquiry and continues beyond graduation with our extensive range of career services

$1.3M expenses · 8.3% of program spending · grants $1.3M

Scholarships a variety of scholarships are available to incoming undergraduate and graduate students and include academic awards, community college excellence awards, and multicultural awards

$1.4M all other programs (line 4d)

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
PRESIDENT & CEO
Director/trustee, officer, 37.5 hrs/week
$311,498$0$24,800$336,298
PROVOST & CHIEF OFFICER, ACADEMICS
Officer, 37.5 hrs/week
$274,599$0$39,956$314,555
ASSOCIATE PROFESSOR INFORMATION TECHNOLOGY
Highest compensated employee, 37.5 hrs/week
$230,388$0$53,361$283,749
PROFESSOR ACCOUNTING FACULTY
Highest compensated employee, 37.5 hrs/week
$212,772$0$35,828$248,600
CHIEF OPERATING OFFICER (LEFT 09/2024)
Officer, 37.5 hrs/week
$206,961$0$37,883$244,844
PROFESSOR FACULTY CHAIR ACCO
Highest compensated employee, 37.5 hrs/week
$197,803$0$28,021$225,824
PROFESSOR FINANCE FACULTY
Highest compensated employee, 37.5 hrs/week
$167,415$0$36,918$204,333
VICE PRESIDENT, CORPORATE ENGAGEMENT
Key employee, 37.5 hrs/week
$157,548$0$36,758$194,306

28 people received more than $100,000 in reportable compensation from Walsh College of Accountancy & Business Administration (Part VII, line 2). Compensation of current officers, directors and key employees totaled $896K (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$10M$20M$30M$40MFY2020FY2021FY2022FY2023FY2024FY2025$20M$19M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$20M$19M81.9%$45M$336,298
FY2024 ⓘ$17M$21M76.0%$44M$312,381
FY2023 ⓘ$21M$23M75.7%$46M$422,960
FY2022 ⓘ$23M$24M64.7%$48M$387,286
FY2021 ⓘ$27M$26M62.7%$53M$328,098
FY2020 ⓘ$25M$29M63.8%$44M$358,695

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–1b7 · 6 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 4No
  • 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 5219
  • Volunteers Part I, line 67

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
UTEC
Technology services
$793,822
BDO USA
Staffing services
$324,759
TONDRO CONSULTING LLC
Consulting
$219,711
THE DRALA PROJECT INC
Consulting
$198,676
SALESFORCE INC
Software
$155,613

Individuals listed as contractors are left out. 15 contractors were paid more than $100,000 in all.

Private foundation grants it received

2 private foundations reported grants to Walsh College of Accountancy & Business Administration totaling $5,030 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 Walsh College of Accountancy & Business Administration's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Walsh College of Accountancy & Business Administration, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All education charities · Largest charities in Michigan

Questions people ask

How much of Walsh College of Accountancy & Business Administration's spending goes to programs?

In the fiscal year ending August 31, 2025, Walsh College of Accountancy & Business Administration reported that 81.9% of its $19.4 million in expenses went to program services, 15.9% to management and general and 2.2% to fundraising (Form 990, Part IX).

How much does Walsh College of Accountancy & Business Administration pay its top executive?

The largest total compensation Walsh College of Accountancy & Business Administration reported for one person in the fiscal year ending August 31, 2025 was $336,298, for the role of PRESIDENT & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Walsh College of Accountancy & Business Administration get its money?

Of $20.1 million in revenue in the fiscal year ending August 31, 2025, 11.8% came from contributions and grants and 85.8% from program service revenue (Form 990, Part VIII).

Is Walsh College of Accountancy & Business Administration a registered charity?

The IRS lists EIN 38-1308480 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 August 31, 2025, object 202600149349301110 · read the filing · XML
  • FY2024: Form 990 for the fiscal year ending August 31, 2024, object 202521969349301232 · read the filing
  • FY2023: Form 990 for the fiscal year ending August 31, 2023, object 202421699349300107 · read the filing
  • FY2022: Form 990 for the fiscal year ending August 31, 2022, object 202341939349300019 · read the filing
  • FY2021: Form 990 for the fiscal year ending August 31, 2021, object 202201969349301930 · read the filing
  • FY2020: Form 990 for the fiscal year ending August 31, 2020, object 202141629349300009 · read the filing

All filings for EIN 38-1308480: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.