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Graceland University

Lamoni, IA · EIN 42-0707114 · 501(c)(3) · School
Latest filing: Form 990 for the fiscal year ending May 31, 2025 (tax year 2024) · View the filing · Correct or respond

Graceland University reported $37.9 million in revenue and $50.6 million in expenses for the fiscal year ending May 31, 2025. Of every $100 it spent, $86.21 went to program services, $10.04 to management and general costs and $3.75 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 76.7% of the total. The highest compensation it reported for one person was $267,121 (VP - AA/ PRESIDENT AS OF 7/24). 9 people received more than $100,000 in reportable compensation. Revenue fell 29% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending May 31, 2025 · Form 990, Part IX, line 25 · total expenses $51M

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 May 31, 2025 · Form 990, Part VIII · total revenue $38M

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)
86.2%84.4%
Management & general
Part IX 25(C) ÷ 25(A)
10.0%13.4%
Fundraising
Part IX 25(D) ÷ 25(A)
3.8%0.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.28$0.04
Contributions & grants share of revenue
Part VIII 1h ÷ 12
17.9%19.1%
Government grants share of revenue
Part VIII 1e ÷ 12
4.6%1.1%
Program service revenue share
Part VIII 2g ÷ 12
76.7%69.9%
Highest reported compensation
Part VII-A, columns D–F
$267,121$331,578
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
0.53%1.28%
People paid over $100,000
Part VII, line 2
98
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
18.313.3
Independent voting board members
Part VI 1a–1b
21 of 22100.0%

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
$13M expenses · 30.6% of program spending · revenue $22M

Educational programs, general/other: graceland produces a liberal arts education offered to students in traditional on-campus programs and via distance learning formats. 27 undergraduate majors, 6 masters degrees with 11 areas of concentration, 7 graduate certificate programs and 2 doctorate programs are offered. Graceland University is accredited by the higher learning commission. Academic support includes accreditation and assessment activities, libraries, and instructional technology support. (1,127 fte)

$21M expenses · 48.0% of program spending · revenue $7.0M

Student services programs, general/other/auxilliary: student services encompasses cultural and social activities for students, including student government and intercollegiate athletics. Also included are offices providing student service support such as admissions, registrar, and others. Auxilliary services include the university bookstore, food services, residence halls, and snack shop and vending activities

$8.6M expenses · 19.7% of program spending · grants $8.6M

Student financial aid programs: scholarships, grants and other student financial assistance were received by 99% of our residential students and by 93% and 78% of our online undergraduate and graduate students, respectively. Funding is provided through institutional sources, government grant program administered by the university, or government-sponsored loan programs

$732K 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
VP - AA/ PRESIDENT AS OF 7/24
Officer, 50.00 hrs/week
$226,653$0$40,468$267,121
PRESIDENT - UNTIL 7/24
Officer, 70.00 hrs/week
$185,033$0$15,013$200,046
VP - INSTITUTIONAL ADVANCEMENT
Officer, 40.00 hrs/week
$165,560$0$22,184$187,744
DIRECTOR DPT PROGRAM
Highest compensated employee, 50.00 hrs/week
$124,562$0$24,125$148,687
CIO
Highest compensated employee, 60.00 hrs/week
$107,671$0$30,899$138,570
VP - BUSINESS AND FINANCE
Director/trustee, 50.00 hrs/week
$121,086$0$5,049$126,135
VP - ENROLLMENT
Officer, 60.00 hrs/week
$108,953$0$9,075$118,028
PROFESSOR OF DPT
Highest compensated employee, 50.00 hrs/week
$102,995$0$13,387$116,382

9 people received more than $100,000 in reportable compensation from Graceland University (Part VII, line 2). Compensation of current officers, directors and key employees totaled $964K (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$20M$40M$60M$80MFY2020FY2021FY2022FY2023FY2024FY2025$38M$51M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$38M$51M86.2%$77M$267,121
FY2024 ⓘ$47M$57M88.3%$91M$383,345
FY2023 ⓘ$50M$52M89.5%$98M$650,309
FY2022 ⓘ$56M$52M89.3%$101M$367,979
FY2021 ⓘ$58M$49M84.4%$89M$317,170
FY2020 ⓘ$53M$51M86.3%$61M$357,083

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–1b22 · 21 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 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 5975
  • Volunteers Part I, line 61,100

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
SODEXO INC & AFFILIATES
Food services
$2,840,253
DRIVESTREAM INC
Software implementation
$1,733,126
P1 SERVICE
Facility maintenance
$702,740
VISIONPOINT MARKETING LLC
Media/marketing
$558,720
SCHUMACHER ELEVATOR COMPANY
Elevator maintenance
$339,745

Individuals listed as contractors are left out. 32 contractors were paid more than $100,000 in all.

Private foundation grants it received

11 private foundations reported grants to Graceland University totaling $631K 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 Graceland 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 Graceland University, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All education charities · Largest charities in Iowa

Questions people ask

How much of Graceland University's spending goes to programs?

In the fiscal year ending May 31, 2025, Graceland University reported that 86.2% of its $50.6 million in expenses went to program services, 10.0% to management and general and 3.8% to fundraising (Form 990, Part IX).

How much does Graceland University pay its top executive?

The largest total compensation Graceland University reported for one person in the fiscal year ending May 31, 2025 was $267,121, for the role of VP - AA/ PRESIDENT AS OF 7/24 (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Graceland University get its money?

Of $37.9 million in revenue in the fiscal year ending May 31, 2025, 17.9% came from contributions and grants (including 4.6% from government grants) and 76.7% from program service revenue (Form 990, Part VIII).

Is Graceland University a registered charity?

The IRS lists EIN 42-0707114 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 May 31, 2025, object 202601059349302520 · read the filing · XML
  • FY2024: Form 990 for the fiscal year ending May 31, 2024, object 202531019349300008 · read the filing
  • FY2023: Form 990 for the fiscal year ending May 31, 2023, object 202400959349301120 · read the filing
  • FY2022: Form 990 for the fiscal year ending May 31, 2022, object 202301079349301200 · read the filing
  • FY2021: Form 990 for the fiscal year ending May 31, 2021, object 202241039349301644 · read the filing
  • FY2020: Form 990 for the fiscal year ending May 31, 2020, object 202100729349300425 · read the filing

All filings for EIN 42-0707114: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.