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Midway University

Midway, KY · EIN 61-0444708 · 501(c)(3) · School
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Midway University reported $41.5 million in revenue and $38.0 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $85.95 went to program services, $12.57 to management and general costs and $1.48 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 80.8% of the total. The highest compensation it reported for one person was $631,122 (PRESIDENT). 12 people received more than $100,000 in reportable compensation. Revenue rose 51% 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 $38M

Program services$85.95 $33M
Management & general$12.57 $4.8M
Fundraising$1.48 $562K

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 June 30, 2025 · Form 990, Part VIII · total revenue $41M

Contributions & grants (non-government)$15.07 $6.3M
Program service revenue$80.76 $34M
Investment income$3.95 $1.6M
Other revenue$0.22 $91,451

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.
Measure	FY2025	Median
Program services Part IX 25(B) ÷ 25(A)	86.0%	84.4%
Management & general Part IX 25(C) ÷ 25(A)	12.6%	13.4%
Fundraising Part IX 25(D) ÷ 25(A)	1.5%	0.8%
Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h	$0.09	$0.04
Contributions & grants share of revenue Part VIII 1h ÷ 12	15.1%	19.1%
Government grants share of revenue Part VIII 1e ÷ 12	0.0%	1.1%
Program service revenue share Part VIII 2g ÷ 12	80.8%	69.9%
Highest reported compensation Part VII-A, columns D–F	$631,122	$331,578
Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A)	1.66%	1.28%
People paid over $100,000 Part VII, line 2	12	8
Net assets, in months of expenses Part X 33(B) ÷ monthly expenses	19.5	13.3
Independent voting board members Part VI 1a–1b	24 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 expense

$22M expenses · 68.7% of program spending · grants $10M · revenue $29M

Midway University offers a liberal arts foundation through a general education curriculum and career focused preparation through majors at the undergraduate level. In addition, the university provides coeducational accelerated adult undergraduate and graduate programs in the evenings at the main campus and online. All programs are intended to lead to rewarding careers and responsible citizenship

$1.1M expenses · 3.5% of program spending

The university provides academic support to students in the form of academic advisors, academic counseling, and library and computer services. The university's 15 - 1 student-faculty ratio ensures easy access to and development of good relationships with faculty

$6.2M expenses · 18.9% of program spending

The university provides students with a number of opportunities to become involved in social, recreational, educational, and cultural activities. Annual events include night of lights, the last supper, midway christmas vespers, and graduation festivities. Chorale concerts and student productions add a cultural dimension to campus life. A number of student activities and organizations provide students with the opportunity to supplement academic learning, sharpen leadership skills, and actively participate in the process of planning and organizing programs

$2.9M 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

Role	From this org	From related orgs	Other	Total
PRESIDENT Officer, 40.00 hrs/week	$550,526	$0	$80,596	$631,122
VICE PRESIDENT Officer, 40.00 hrs/week	$183,649	$0	$18,849	$202,498
VICE PRESIDENT Officer, 40.00 hrs/week	$174,090	$0	$16,130	$190,220
VICE PRESIDENT Officer, 40.00 hrs/week	$160,987	$0	$22,466	$183,453
DEAN Highest compensated employee, 40.00 hrs/week	$121,460	$0	$28,201	$149,661
VICE PRESIDENT Officer, 40.00 hrs/week	$120,257	$0	$29,281	$149,538
CHIEF MARKETING OFFICER Officer, 40.00 hrs/week	$132,117	$0	$5,413	$137,530
ASSISTANT VICE PRESIDENT Officer, 40.00 hrs/week	$123,180	$0	$14,184	$137,364

12 people received more than $100,000 in reportable compensation from Midway University (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.7M (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

Filing	Revenue	Expenses	Programs	Net assets	Top pay
FY2025 ⓘ	$41M	$38M	86.0%	$62M	$631,122
FY2024 ⓘ	$38M	$36M	86.1%	$56M	$590,894
FY2023 ⓘ	$36M	$33M	86.3%	$49M	$576,852
FY2022 ⓘ	$33M	$31M	86.6%	$43M	$548,399
FY2021 ⓘ	$33M	$29M	85.6%	$48M	$490,132
FY2020 ⓘ	$28M	$28M	84.6%	$38M	$442,580

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–1b24 · 24 independent
Audited financial statements Part XII 2bYes
Conflict-of-interest policy Part VI 12aYes
Whistleblower policy Part VI 13No
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 18No
Over $10,000 of activity outside the U.S. Part IV 14bNo
Employees Part I, line 5554
Volunteers Part I, line 630

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only

ARAMARK Outsourced facilities and dining service	$4,678,646
LORD AECK SARGENT PLANNING & DESIGN Architect fees	$616,349
ELLUCIAN INC Campus erp software	$316,030
CROSSHAIR MEDIA PLACEMENT Advertising	$285,226
VESCIO'S SPORTSFIELDS INC Turf field construction	$149,285

Individuals listed as contractors are left out. 10 contractors were paid more than $100,000 in all.

Private foundation grants it received

13 private foundations reported grants to Midway University totaling $2.2M 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 Midway 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 Midway University, you can publish a response that is linked from this page.

Report a correction Respond as Midway University How this works

Similar-sized charities in this cause

Morristown-Beard School
Morristown, NJ · revenue $41M · programs 75.4% · FY2025
Education Service Center Region 12
Waco, TX · revenue $41M · programs 85.5% · FY2025
Prince George's County Memorial Library System
Largo, MD · revenue $41M · programs 90.0% · FY2025
Vista Charter Public Schools
Los Angeles, CA · revenue $42M · programs 68.3% · FY2025
Thomas College
Waterville, ME · revenue $41M · programs 88.9% · FY2025

All education charities · Largest charities in Kentucky

Questions people ask

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

In the fiscal year ending June 30, 2025, Midway University reported that 86.0% of its $38.0 million in expenses went to program services, 12.6% to management and general and 1.5% to fundraising (Form 990, Part IX).

How much does Midway University pay its top executive?

The largest total compensation Midway University reported for one person in the fiscal year ending June 30, 2025 was $631,122, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Midway University get its money?

Of $41.5 million in revenue in the fiscal year ending June 30, 2025, 15.1% came from contributions and grants and 80.8% from program service revenue (Form 990, Part VIII).

Is Midway University a registered charity?

The IRS lists EIN 61-0444708 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 202640719349301659 · read the filing · XML
FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202520699349301552 · read the filing
FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202430729349301518 · read the filing
FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202330629349300703 · read the filing
FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202240679349300829 · read the filing
FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202120919349301707 · read the filing

All filings for EIN 61-0444708: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.