Civic Intelligence

University of Evansville

EIN 35-0868074 • 501(c)3 • Evansville, IN

Profile

The university of evansville is dedicated to active learning and scholarship. We are committed to the liberal arts and sciences as a basis for intellectual and personal growth. The university endeavors to prepare women and men for lives of personal and professional service and leadership. The university is aware of the challenges of living in an international community and therefore adopts a global view in its programs and its vision. The university of evansville preserves its independent nature and values its ties to the united methodist church. It emphasizes undergraduate education and supports an array of liberal arts and sciences and professional programs. The university selects talented and motivated students and faculty. The student-faculty ratio promotes individual attention and optimal learning. The university values learning as a means of attaining freedom from ignorance and prejudice. Because education is a lifelong process of critical inquiry, the university commits resource

1800 Lincoln AvenueEvansville, IN 47722

www.evansville.edu

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

50th percentile

0.29x

Higher debt load relative to assets than 50% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2025

Liabilities / Revenue

72nd percentile

0.91x

Higher debt load relative to revenue than 72% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2025

Net Margin

26th percentile

-1.9%

Higher net margin than 26% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2025

Top Officer Pay

32nd percentile

$561,402

Higher top officer pay than 32% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

501(c)3 • $250M-$1B nonprofits • Source year 2025

Asset Growth

24th percentile

0.3%

Faster asset growth than 24% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2024 to 2025

Revenue Growth

53rd percentile

9.7%

Faster revenue growth than 53% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2024 to 2025

Assets

Up

$383,851,853

Up $24,220,686 (+6.7%) from 2021

Liabilities

Up

$116,465,378

Up $36,503,590 (+46%) from 2021

Net Assets

Down

$267,386,475

Down $12,282,904 (-4.4%) from 2021

Revenue

Down

$114,850,213

Down $5,103,819 (-4.3%) from 2021

Expenses

Down

$104,763,223

Down $244,469 (-0.2%) from 2021

Net Income

Down

$10,086,990

Down $4,859,350 (-33%) from 2021

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400M$300M$200M$100M$0Assets 2010: $238,604,655Liabilities 2010: $88,167,330Net Assets 2010: $150,437,3252010Assets 2011: $244,086,287Liabilities 2011: $84,606,669Net Assets 2011: $159,479,6182011Assets 2012: $233,407,020Liabilities 2012: $84,438,973Net Assets 2012: $148,968,0472012Assets 2013: $280,961,477Liabilities 2013: $83,618,233Net Assets 2013: $197,343,2442013Assets 2015: $295,397,234Liabilities 2015: $89,212,780Net Assets 2015: $206,184,4542015Assets 2017: $292,402,692Liabilities 2017: $86,249,577Net Assets 2017: $206,153,1152017Assets 2018: $313,763,133Liabilities 2018: $95,259,506Net Assets 2018: $218,503,6272018Assets 2019: $305,086,958Liabilities 2019: $87,607,365Net Assets 2019: $217,479,5932019Assets 2020: $313,566,528Liabilities 2020: $83,706,113Net Assets 2020: $229,860,4152020Assets 2021: $359,631,167Liabilities 2021: $79,961,788Net Assets 2021: $279,669,3792021Assets 2022: $383,851,853Liabilities 2022: $116,465,378Net Assets 2022: $267,386,4752022

Highlighted filing

2022

Assets$383,851,853
Liabilities$116,465,378
Net Assets$267,386,475

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150M$100M$50M$0-$50MExpenses 2010: $96,602,0402010Expenses 2011: $99,867,0952011Expenses 2012: $102,200,3452012Expenses 2013: $104,375,1372013Revenue 2015: $101,170,941Expenses 2015: $104,636,162Net Income 2015: -$3,465,2212015Revenue 2017: $109,408,875Expenses 2017: $107,379,114Net Income 2017: $2,029,7612017Revenue 2018: $118,735,928Expenses 2018: $115,897,166Net Income 2018: $2,838,7622018Revenue 2019: $113,891,863Expenses 2019: $109,151,215Net Income 2019: $4,740,6482019Revenue 2020: $116,383,868Expenses 2020: $104,988,486Net Income 2020: $11,395,3822020Revenue 2021: $119,954,032Expenses 2021: $105,007,692Net Income 2021: $14,946,3402021Revenue 2022: $114,850,213Expenses 2022: $104,763,223Net Income 2022: $10,086,9902022

Highlighted filing

2022

Revenue$114,850,213
Expenses$104,763,223
Net Income$10,086,990

Filings

Latest Detailed Filing

The latest 2022 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2021 below.

Jump To
Filing Snapshot
Filing Period
Jun 1, 2020 to May 31, 2021
Signed
Mar 22, 2022
Return Version
2020v4.0
Gross Receipts
$148,756,396
Mission and Program Overview

Mission

The university of evansville empowers each student to think critically, act bravely, serve responsibly, and live meaningfully in a changing world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$148,796,046$147,547,277▼ $1,248,769
Investments in Publicly Traded Securities$89,630,909$124,720,317▲ $35,089,408
Pledges and Grants Receivable$57,694,367$65,995,299▲ $8,300,932
Cash and Non-Interest-Bearing Accounts$7,694,048$10,631,858▲ $2,937,810
Loans From Officers Directors$3,623,848$3,138,710▼ $485,138
Accounts Receivable$2,005,769$3,046,039▲ $1,040,270
Other Notes and Loans Receivable, Net$2,977,167$2,251,504▼ $725,663
Prepaid Expenses and Deferred Charges$820,689$895,926▲ $75,237
Investments Other Securities$422,582$481,627▲ $59,045
Inventories for Sale or Use$131,870$52,594▼ $79,276
Savings and Temporary Cash Investments-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Total Assets$313,566,528$359,631,167▲ $46,064,639
Other Assets Total$3,393,081$4,008,726▲ $615,645
Liabilities
Tax Exempt Bond Liabilities$42,262,126$41,016,749▼ $1,245,377
Other Liabilities$24,841,150$19,186,262▼ $5,654,888
Accounts Payable and Accrued Expenses$7,798,248$11,567,668▲ $3,769,420
Deferred Revenue$5,180,741$5,052,399▼ $128,342
Total Liabilities$83,706,113$79,961,788▼ $3,744,325
Net Assets / Fund Balance
Net Assets With Donor Restrictions$164,020,295$206,361,643▲ $42,341,348
Net Assets Without Donor Restrictions$65,840,120$73,307,736▲ $7,467,616
Total Net Assets Fund Balance$229,860,415$279,669,379▲ $49,808,964
Total Liabilities and Net Assets / Fund Balance$313,566,528$359,631,167▲ $46,064,639

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$126,342,577$48,697,506$175,040,083
Other Land Buildings$16,399,211$50,690,144$67,089,355
Land$4,805,489-$4,801,289

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$136,842,286$2,690,131▲ $36,390,819$-3,667,106$169,948,415
2019$128,827,971$8,752,417▲ $6,059,485$-4,448,774$136,842,286
2018$131,804,335$3,228,306▲ $549,601$-4,463,394$128,827,971
2017$127,766,788$600,851▲ $9,947,317$-4,345,512$131,804,335
2016$118,438,734$3,112,840▲ $12,468,347$-4,050,063$127,766,788
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Cm PietruszkiewiczPresidentFT$309,178$196,419$505,597
Todd LickliterBasketball CoachFT$201,070$42,559$245,079
Melissa FitchProfessorFT$171,077$22,850$187,349
Michael RoscoeProgram DirectorFT$167,376$17,724$183,971
Mark SpencerDirector of AthleticsFT$144,577$36,404$180,981
Michael AustinVice PresidentFT$131,999$42,915$174,140
Donna TeagueVice PresidentFT$137,929$28,560$166,489
William StroubeProfessorFT$130,872$28,021$159,832
Jill GriffinVice PresidentFT$128,084$30,183$158,267
Ying ShangProfessor/deanFT$133,106$17,246$156,444
Abigail WerlingVice PresidentFT$132,138$18,055$150,193
Dana ClaytonVice PresidentFT$114,254$9,864$124,118

Highest Paid Contractors

ContractorServicesLocationCompensation
Chartwells Dining ServicesDining2 INTERNATIONAL DRIVE, Rye Brook, NY 10573$2,215,017
Wff Facility ServicesCustodial211 S JEFFERSON AVE, St Louis, MO 63103-2511$1,383,080
Meritain HealthHealth Insurance ProviderPO BOX 223881, Pittsburgh, PA 15250-2881$573,019
Ellucian Company LPSoftware Provider62578 COLLECTIONS CENTER DR, Chicago, IL 60693-0625$527,547
Arc Construction Co INCConstruction1745 S KENTUCKY AVE, Evansville, IN 47728$481,648
Revenue and Support

Revenue Composition

Contributions and Grants
$23,306,991
Program Service Revenue
$88,308,819
Investment Income
$8,429,218
Other Revenue
$-90,996
All Other Contributions
$19,078,254
Change in Net Assets
$14,946,340

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported Amount
Securities Publicly Traded21$7,701,243
Total Noncash Contributions21$7,701,243

Audited Revenue Reconciliation

Revenue per Audited Statements
$77,175,427
Revenue Not Reported on Financial Statements
$42,778,605
Revenue Not Reported on Form 990
$34,862,619
Other Revenue Adjustments
$42,607,231
Total Revenue per Audited Statements
$112,038,046
Total Revenue per Form 990
$119,954,032
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$43,923,305
Salaries, Compensation, and Employee Benefits$35,291,001
Other Expenses$25,653,196
Total Fundraising Expense$3,706,158
Professional Fundraising Fees$140,190

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$43,923,305--$43,923,305
Other Salaries and Wages$23,802,444$1,230,078$989,123$26,021,645
Other Employee Benefits$5,106,218$353,902$247,429$5,707,549
Depreciation Depletion$3,974,093$1,064$600,815$4,575,972
Occupancy$1,936,704$616,290$19,061$2,572,055
Interest$2,129,461-$28,977$2,158,438
Payroll Taxes$1,852,131$131,309$90,784$2,074,224
Information Technology$1,681,305$258,659-$1,939,964
Office Expenses$1,044,018$430,981$45,102$1,520,101
Current Officers, Directors, Trustees, and Key Employees$598,112$515,330$140,109$1,253,551
Advertising$264,098$568,831$48,426$881,355
Insurance$378,910$2$381,111$760,023
Travel$543,143$804$3,199$547,146
Fees for Services Legal-$505,669-$505,669
All Other Expenses$200,853$21,786$17,876$240,515
Pension Plan Contributions$215,039$10,198$8,795$234,032
Fees for Services Accounting-$215,280-$215,280
Fees for Services Other$120,183$79,313-$199,496
Fees for Service Investment Mgmnt Fees-$171,374-$171,374
Conferences and Meetings$145,846$7,948$11,006$164,800
Other Expenses$160,962$56,591$141,937$160,962
Fees for Services Professional Fundraising--$140,190$140,190
Royalties$1,097--$1,097
Total Functional Expenses$96,074,391$5,227,143$3,706,158$105,007,692

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$105,007,692
Expenses per Audited Statements$62,229,087
Total Expenses per Audited Statements$62,229,087
Expenses Not Reported on Financial Statements$42,778,605
Other Expense Adjustments$42,607,231
International Activity

International Summary

Offices
1
Employees
28
Spending
$2,353,489

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Lincolnshire, United KingdomEducational ProgramsStudy Abroad128$2,353,489
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$140,190
Gaming Direct Expenses$51
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Fifth Third BankTrusteeDebt InterestNo$1,387,042
Old National BankTrusteeNote Payable IntNo$348,574
Old National BankCEO/TrusteeBond InterestNo$163,267
Susan SaleeTrustee SisterEmploymentNo$45,110
Fifth Third BankTrusteeBank Service ChargesNo$16,477
Old National BankCEO/TrusteeBank Service ChargesNo$8,790

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$3,623,848$3,138,710▼ $485,138
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Post Retirement Medical$8,388,255
Interest Rate Swap$5,014,661
US GOV'T SHARE OF STUDENT LOANS$2,606,692
Payable to Foreign Subsidiary$2,121,243
Asset Retirement Obligation$652,152
Capital Lease Obligations$403,259

Bond Issues

BondIssuerIssuedIssue PricePurpose
DIndiana Finance Authority2021-03-01$18,250,000Construct student housing
CIndiana Finance Authority2018-04-26$11,050,000PURCHASE SPACE, RENOVATE
BCity of Evansville in2011-11-14$10,000,000REFUND PRIOR ISSUE
CCity of Evansville in2011-11-29$10,000,000REFUND PRIOR ISSUE
DCity of Evansville in2011-12-14$10,000,000REFUND PRIOR ISSUE
ACity of Evansville in2011-12-29$9,500,000REFUND PRIOR ISSUE
BCity of Evansville in2013-05-01$8,630,000Construct student housing
ACity of Evansville in2011-10-28$5,630,000REFUND PRIOR ISSUE

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
C$10,904,450---
B$10,000,000--$145,550
C$10,000,000--$143,556
D$10,000,000---
A$9,500,000---
B$8,564,280---
A$5,630,000--$65,720
D$1,350,000---

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
Yes
Form 8038-T filed
Yes
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
Yes
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

Relationship #1:andrew goebel and linda white, university trustees, are also on the old national bank corporation board of directors. Robert jones, university trustee, is former ceo, president and director of old national bank corporation. Relationship #2:alan braun, life trustee, is also on koch enterprises, inc. Board of directors. Kevin koch, university trustee, is the ceo of koch enterprises, inc. Robert koch, life trustee, is director and chairman of the board of koch enterprises, inc. Relationship #3:lawrence kremer is on the fifth third bank board of directors. Relationship #4:alan braun, life trustee, is chairman emeritus of ici-skanska and pci-skanska, which have built a number of buildings on the university campus.relationship #5:sally rideout, university trustee, is the sister of a university employee and is the owner of rideout public affairs.relationship #6:christopher traylor is 25% owner of traylor capital, llc which owns cwh management llc which manages and holds a 33% interest in ue student housing i, llc, an entity which is party to predevelopment agreement with the university of evansville.

Form 990, Part VI, Line 11B: Form 990 Review Process

The form 990 is reviewed by the audit committee of the board of trustees and available to the full board of trustees via the university web portal.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The questionnaires are reviewed and summarized by the board secretary and shared with the audit committee chair and the committee on trustees chair.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Prior to the president's current contract renewal, the board of trustees purchased benchmark data from external consultants. Once compensation was determined from a review of the data and a contract drafted, the board requested review of the contract by an attorney to determine contract reasonableness.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The university's governing documents, conflict of interest policy, and financial statements are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
University of Evansville
EIN
35-0868074
Phone
8124882212
Address
1800 LINCOLN AVENUE, EVANSVILLE, IN 47722

Signing Officer

Name
Donna O Teague
Title
Vice President
Signed
2022-03-22

Organization Details

Principal Officer
Christopher Mpietruszkiewicz
Formed
1854
Legal Domicile
In
Voting Board Members
37
Independent Board Members
35
Employees
1,335
Volunteers
1,976
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

Actuarial adjustment on annuity contracts = -$359013

Other Changes In Net Assets Or Fund Balances - Other Decreases

Asset retirement cost = -$27504

Other Changes In Net Assets Or Fund Balances - Other Increases

Beneficial interest in trusts = $13230474

Other Changes In Net Assets Or Fund Balances - Other Increases

Change in foreign exchange contracts = $1095352

Other Changes In Net Assets Or Fund Balances - Other Increases

Interest rate swaps = $2041906

Other Changes In Net Assets Or Fund Balances - Other Increases

ROUNDING = $5

Schedule D, Parts VII and IX

Investments - other securities on the balance sheet do not exceed 5% of total assets. Therefore, detail is not provided on schedule d, part vii.other assets on the balance sheet do not exceed 5% of total assets. Therefore, detail is not provided on schedule d, part ix.

Financial Statement Notes

Part III, Line 4: Description of organization'S collections and how it furthers its purpose.

The university's collections include works of art such as paintings and sculptures. These items assist in furthering the university's exempt purpose by enhancing the liberal arts education experience students receive at the university. They support many of the university's educational objectives including helping students to understand the global nature of our world, learn about other cultures and appreciate diversity and tolerance.

Part V, Line 4: Intended uses of the endowment fund.

The university's endowment funds are used to support student scholarships, instruction, auxiliary enterprises, institutional support services, and campus improvements.

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Beneficial interest in trusts $13230474 actuarial adj on annuities $-359013 asset retirement cost $-27504 interest rate swap $2041906 gain on foreign exch contracts $1095352

Part XI, Line 4B: Other revenue amounts included on 990 but not included in F/S

Student aid discounts - tuition $41658328 student aid discounts - room & board $948903

Part XII, Line 4B: Other revenue amounts included on 990 but not included in F/S

Student aid discounts - tuition $41658328 student aid discounts - room & board $948903

Raw XML AppendixShowing 400 of 1,545 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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