Spalding University
Spalding University reported $39.9 million in revenue and $42.4 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $82.33 went to program services, $16.74 to management and general costs and $0.93 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 81.1% of the total. The highest compensation it reported for one person was $191,779 (PROVOST). 27 people received more than $100,000 in reportable compensation. Revenue rose 4% 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 $42MFor 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 $40MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 82.3% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 16.7% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.9% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.08 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 12.2% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 4.3% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 81.1% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $191,779 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.45% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 27 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 21.2 | 13.3 |
| Independent voting board members Part VI 1a–1b | 21 of 22 | 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 for students: students graduating from the athletic training master's degree achieved a 100% pass rate and 100% job placement rate for the 2024-25 graduating class. The doctor of clinical psychology program achieved a 98% internship match rate for the 2024-25 academic year and 89% of doctor of occupational therapy students passed the national board of certification for (occupational therapy (nbcot) examination. Spalding expanded its academic offerings to include master's degrees in business administration, clinical psychology, health science, learner-centered practices…
Student services: the spalding eagles athletic teams are a source of pride for the university. Both the men's soccer and men's baseball teams earned a spot in the ncaa division iii tournament in 2024. Additionally, esports and men's volleyball were added to the university's athletic team portfolio. Spalding University maintained its strong commitment to student support. Counseling and psychological services (caps) provided over 275 therapy sessions, while eagle care offered flu and COVID vaccine clinics and added a new nurse practitioner. Student engagement remained strong with events in…
Academic support: spalding advanced student achievement through targeted academic support and learning resources. The student academic success center provided 500+ tutoring sessions, with increased participation in writing support, success coaching, and ell services. Eagle scholars and summer bridge programs created structured pathways for students requiring additional academic preparation. Campus learning resources including the library, reading lab, math lab, and writing centersupported course success and skill development, with tailored services for first generation students and english…
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 |
|---|---|---|---|---|
| PROVOST Officer, 40.00 hrs/week | $158,274 | $0 | $33,505 | $191,779 |
| CFO (END 5/25) Officer, 40.00 hrs/week | $156,941 | $0 | $31,012 | $187,953 |
| FORMER OFFICER Former, 40.00 hrs/week | $159,492 | $0 | $23,403 | $182,895 |
| FORMER OFFICER Former, 40.00 hrs/week | $157,969 | $0 | $15,622 | $173,591 |
| FORMER HIGHEST COMPENSATED EMPLOYEE Former, 40.00 hrs/week | $167,430 | $0 | $0 | $167,430 |
| CHAIR OF NURSING Highest compensated employee, 40.00 hrs/week | $144,492 | $0 | $22,065 | $166,557 |
| GENERAL COUNSEL (END 1/25) Officer, 40.00 hrs/week | $131,310 | $0 | $30,128 | $161,438 |
| DEAN OF GRADUATE EDUCATION Highest compensated employee, 40.00 hrs/week | $139,111 | $0 | $20,807 | $159,918 |
27 people received more than $100,000 in reportable compensation from Spalding University (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.4M (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–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 15aNo
- 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 5732
- Volunteers Part I, line 658
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| KEYPATH EDUCATION LLC Professional services | $1,480,196 |
| JONES LANG LASALLE AMERICAS INC Maintenance and custodial | $849,805 |
| COMPASS GROUP USA Cleaning services | $381,932 |
| ELLUCIAN COMPANY LP Computer hosting and maintenance | $351,333 |
| TWO REVOLUTIONS LLC Professional services | $315,982 |
Individuals listed as contractors are left out. 11 contractors were paid more than $100,000 in all.
Private foundation grants it received
12 private foundations reported grants to Spalding University totaling $280K 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 Spalding 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 Spalding University, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Spalding University spent in FY2025, $82.33 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- The Monarch Academy Public Charter SchoolBaltimore, MD · revenue $40M · programs 89.9% · FY2025
- Park Tudor FoundationIndianapolis, IN · revenue $40M · programs 85.9% · FY2025
- Chris-TexCantonment, FL · revenue $40M · programs 41.1% · FY2025
- Saint Mary-Of-The-Woods CollegeSt Mary of the Woods, IN · revenue $40M · programs 82.9% · FY2025
- UC Berkeley Center for Executive EducationBerkeley, CA · revenue $40M · programs 66.7% · FY2025
Questions people ask
How much of Spalding University's spending goes to programs?
In the fiscal year ending June 30, 2025, Spalding University reported that 82.3% of its $42.4 million in expenses went to program services, 16.7% to management and general and 0.9% to fundraising (Form 990, Part IX).
How much does Spalding University pay its top executive?
The largest total compensation Spalding University reported for one person in the fiscal year ending June 30, 2025 was $191,779, for the role of PROVOST (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Spalding University get its money?
Of $39.9 million in revenue in the fiscal year ending June 30, 2025, 12.2% came from contributions and grants (including 4.3% from government grants) and 81.1% from program service revenue (Form 990, Part VIII).
Is Spalding University a registered charity?
The IRS lists EIN 61-0444780 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 202621359349301292 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202541339349301664 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202441349349300539 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202301359349302705 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202241369349309259 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202111349349306156 · read the filing
All filings for EIN 61-0444780: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.