Carroll University
Carroll University reported $147.1 million in revenue and $144.8 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $89.95 went to program services, $9.03 to management and general costs and $1.02 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 91.0% of the total. The highest compensation it reported for one person was $602,581 (PRESIDENT). 51 people received more than $100,000 in reportable compensation. Revenue rose 5% 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 $145MFor 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 $147M- Contributions & grants (non-government)$4.81 $7.1M
- Government grants$0.63 $929K
- Program service revenue$90.66 $134M
- Investment income$3.90 $5.8M
Other revenue was negative: −$578K. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 89.9% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 9.0% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 1.0% | 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 | 5.5% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.6% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 91.0% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $602,581 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.42% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 51 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 20.5 | 13.3 |
| Independent voting board members Part VI 1a–1b | 23 of 24 | 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 expenseInstruction & academic support - Carroll University offers more than 95 areas of study for students to discover and explore that are housed within two colleges (college of arts and sciences and college of health sciences) and two schools (school of business and school of education and human services). We structure those with the individual goals and needs of our students in mind. Our top majors are nursing, business, exercise science, psychology, biology and physical therapy (graduate). Many of our programs offer the flexibility to double major or add minors while still graduating in four…
Auxiliary & student services - the university offers a broad scope of activities and programming for students. Through intercultural programming, diversity initiatives, mentoring opportunities and more, our office of intercultural and diversity engagement works to challenge preconceived notions and enrich the carroll community. Students live out carroll's mission of service through volunteering, mentorship programs, civic engagement and more. Campus spiritual life includes weekly programs, retreats and partnerships with local faith communities that give students many options for reflection…
Institutional support - this category of programming includes the senior leadership team, marketing and communications, and all other necessary functions to lead and support the university's students and academic mission at the waukesha, wisconsin campus and other facilities made up of 1.3 million square feet of space in over 65 buildings and 160-plus acres of land. Also included here is institutional advancement which is focused on fundraising and donor relations and the alumni relations department reaching out to more than 23,000 carroll alumni across all 50 states and 33 countries. All…
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 Director/trustee, officer, 40.00 hrs/week | $556,450 | $0 | $46,131 | $602,581 |
| PRVST/VP ACAD AFFAIR (END 6/2025) Officer, 40.00 hrs/week | $235,359 | $0 | $34,657 | $270,016 |
| VP FOR INSTITUTIONAL ADVANCEMENT Officer, 40.00 hrs/week | $237,019 | $0 | $28,912 | $265,931 |
| VP FINANCE/ADMINIS (END 12/2024) Officer, 40.00 hrs/week | $233,737 | $0 | $15,698 | $249,435 |
| UNIVERSITY COUNSEL Officer, 40.00 hrs/week | $203,786 | $0 | $14,450 | $218,236 |
| VP FOR CUMMUNITY CULTURE Officer, 40.00 hrs/week | $169,429 | $0 | $44,414 | $213,843 |
| VP FOR STUDENT AFFAIRS Officer, 40.00 hrs/week | $162,992 | $0 | $39,892 | $202,884 |
| VP FOR ENROLLMENT Officer, 40.00 hrs/week | $158,999 | $0 | $42,629 | $201,628 |
51 people received more than $100,000 in reportable compensation from Carroll University (Part VII, line 2). Compensation of current officers, directors and key employees totaled $2.1M (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–1b24 · 23 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 11aNo
- 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 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 52,516
- Volunteers Part I, line 623
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| KAHLER SLATER INC Architect services | $1,350,720 |
| ASSESSMENT TECHNOLOGIES INSTITUTE LLC Nursing and exam services | $442,189 |
| PREMISTAR- WISCONSIN Mechanical, hvac services | $401,540 |
| SIEMENS INDUSTRY INC Health technology services | $345,677 |
Individuals listed as contractors are left out. 17 contractors were paid more than $100,000 in all.
Private foundation grants it received
34 private foundations reported grants to Carroll University totaling $399K 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 Carroll 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 Carroll University, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Carroll University spent in FY2025, $89.95 went to programs. The full breakdown, from its IRS Form 990:
Embed on your site
Similar-sized charities in this cause
- Eastern UniversitySt Davids, PA · revenue $147M · programs 82.4% · FY2025
- Montana State University FoundationBozeman, MT · revenue $147M · programs 85.7% · FY2025
- Mountain Area Health Education CenterAsheville, NC · revenue $147M · programs 94.7% · FY2025
- Robert W Woodruff Health Sciences Center FundAtlanta, GA · revenue $148M · programs 98.4% · FY2025
- Horace Mann SchoolBronx, NY · revenue $146M · programs 89.0% · FY2025
Questions people ask
How much of Carroll University's spending goes to programs?
In the fiscal year ending June 30, 2025, Carroll University reported that 89.9% of its $144.8 million in expenses went to program services, 9.0% to management and general and 1.0% to fundraising (Form 990, Part IX).
How much does Carroll University pay its top executive?
The largest total compensation Carroll University reported for one person in the fiscal year ending June 30, 2025 was $602,581, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Carroll University get its money?
Of $147.1 million in revenue in the fiscal year ending June 30, 2025, 5.5% came from contributions and grants (including 0.6% from government grants) and 91.0% from program service revenue (Form 990, Part VIII).
Is Carroll University a registered charity?
The IRS lists EIN 39-0806325 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 202630549349300508 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202500699349300610 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202410819349300321 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202331169349300948 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202221349349300922 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202111379349304576 · read the filing
All filings for EIN 39-0806325: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.