Civic Intelligence

Bradley University

EIN 37-0661494 • 501(c)3 • Peoria, IL

Profile

Bradley university empowers students for immediate and sustained success in their personal and professional endeavors by combining professional preparation, liberal arts and sciences, and co-curricular experiences. Alongside our dedication to students, we embrace the generation, application, and interpretation of knowledge.

1501 W Bradley AvenuePeoria, IL 61625-0001

www.bradley.edu

Siviq Scores

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

Liabilities / Assets

49th percentile

0.28x

Higher debt load relative to assets than 49% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2022

Liabilities / Revenue

70th percentile

0.86x

Higher debt load relative to revenue than 70% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2022

Net Margin

43rd percentile

1.8%

Higher net margin than 43% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

10th percentile

-6.6%

Faster asset growth than 10% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2021 to 2022

Revenue Growth

8th percentile

-21%

Faster revenue growth than 8% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2021 to 2022

Assets

Up

$716,974,561

Up $10,467,125 (+1.5%) from 2023

Liabilities

Down

$188,574,013

Down $7,463,447 (-3.8%) from 2023

Net Assets

Up

$528,400,548

Up $17,930,572 (+3.5%) from 2023

Revenue

Up

$226,430,743

Up $2,672,238 (+1.2%) from 2023

Expenses

Down

$240,509,240

Down $6,357,214 (-2.6%) from 2023

Net Income

Up

-$14,078,497

Up $9,029,452 (+39%) from 2023

Trend Graphs

Balance Sheet Trend

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

$800M$600M$400M$200M$0Assets 2010: $536,685,403Liabilities 2010: $183,484,168Net Assets 2010: $353,201,2352010Assets 2011: $580,145,644Liabilities 2011: $190,784,963Net Assets 2011: $389,360,6812011Assets 2012: $576,492,072Liabilities 2012: $205,661,907Net Assets 2012: $370,830,1652012Assets 2013: $599,386,374Liabilities 2013: $200,231,089Net Assets 2013: $399,155,2852013Assets 2014: $629,084,038Liabilities 2014: $194,892,637Net Assets 2014: $434,191,4012014Assets 2015: $633,456,271Liabilities 2015: $203,646,310Net Assets 2015: $429,809,9612015Assets 2016: $613,652,607Liabilities 2016: $190,553,153Net Assets 2016: $423,099,4542016Assets 2017: $650,240,196Liabilities 2017: $194,490,091Net Assets 2017: $455,750,1052017Assets 2018: $683,160,461Liabilities 2018: $219,158,369Net Assets 2018: $464,002,0922018Assets 2019: $700,074,282Liabilities 2019: $245,924,082Net Assets 2019: $454,150,2002019Assets 2020: $712,945,458Liabilities 2020: $261,387,513Net Assets 2020: $451,557,9452020Assets 2021: $781,363,567Liabilities 2021: $221,114,687Net Assets 2021: $560,248,8802021Assets 2022: $729,570,257Liabilities 2022: $203,889,098Net Assets 2022: $525,681,1592022Assets 2023: $706,507,436Liabilities 2023: $196,037,460Net Assets 2023: $510,469,9762023Assets 2024: $716,974,561Liabilities 2024: $188,574,013Net Assets 2024: $528,400,5482024

Highlighted filing

2024

Assets$716,974,561
Liabilities$188,574,013
Net Assets$528,400,548

Operations Trend

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

$300M$200M$100M$0-$100MExpenses 2010: $172,333,6512010Expenses 2011: $191,464,6772011Expenses 2012: $196,104,7242012Expenses 2013: $203,851,2142013Revenue 2014: $233,822,797Expenses 2014: $203,780,252Net Income 2014: $30,042,5452014Revenue 2015: $215,888,667Expenses 2015: $216,049,059Net Income 2015: -$160,3922015Revenue 2016: $194,784,334Expenses 2016: $187,792,329Net Income 2016: $6,992,0052016Revenue 2017: $230,090,766Expenses 2017: $208,701,976Net Income 2017: $21,388,7902017Revenue 2018: $228,868,237Expenses 2018: $228,723,222Net Income 2018: $145,0152018Revenue 2019: $229,726,295Expenses 2019: $230,634,553Net Income 2019: -$908,2582019Revenue 2020: $238,646,085Expenses 2020: $232,879,867Net Income 2020: $5,766,2182020Revenue 2021: $298,103,596Expenses 2021: $195,958,414Net Income 2021: $102,145,1822021Revenue 2022: $236,435,605Expenses 2022: $232,254,906Net Income 2022: $4,180,6992022Revenue 2023: $223,758,505Expenses 2023: $246,866,454Net Income 2023: -$23,107,9492023Revenue 2024: $226,430,743Expenses 2024: $240,509,240Net Income 2024: -$14,078,4972024

Highlighted filing

2024

Revenue$226,430,743
Expenses$240,509,240
Net Income-$14,078,497

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$717$189$528$226$241$14.1
2023Detailed filing. Detailed filing data is available for this year.$707$196$510$224$247$23.1
2022Detailed filing. Detailed filing data is available for this year.$730$204$526$236$232$4.18
2021Detailed filing. Detailed filing data is available for this year.$781$221$560$298$196$102
2020Detailed filing. Detailed filing data is available for this year.$713$261$452$239$233$5.77
2019Detailed filing. Detailed filing data is available for this year.$700$246$454$230$231$0.91
2018Detailed filing. Detailed filing data is available for this year.$683$219$464$229$229$0.15
2017Detailed filing. Detailed filing data is available for this year.$650$194$456$230$209$21.4
2016Detailed filing. Detailed filing data is available for this year.$614$191$423$195$188$6.99
2015Detailed filing. Detailed filing data is available for this year.$633$204$430$216$216$0.16
2014Detailed filing. Detailed filing data is available for this year.$629$195$434$234$204$30.0
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$599$200$399$204
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$576$206$371$196
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$580$191$389$191
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$537$183$353$172
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jun 1, 2023 to May 31, 2024
Signed
Mar 31, 2025
Return Version
2023v6.0
Gross Receipts
$234,174,780
Mission and Program Overview

Mission

Bradley university empowers students for immediate and sustained success in their personal and professional endeavors by combining professional preparation, liberal arts and sciences, and co-curricular experiences. Alongside our dedication to students, we embrace the generation, application, and interpretation of knowledge.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$336,817,692$325,757,222▼ $11,060,470
Investments in Publicly Traded Securities$89,589,093$212,186,807▲ $122,597,714
Investments Other Securities$257,921,061$149,533,772▼ $108,387,289
Cash and Non-Interest-Bearing Accounts$11,729,125$17,519,667▲ $5,790,542
Pledges and Grants Receivable$2,589,167$4,608,337▲ $2,019,170
Accounts Receivable$4,530,412$3,398,833▼ $1,131,579
Prepaid Expenses and Deferred Charges$1,375,434$1,369,688▼ $5,746
Savings and Temporary Cash Investments-$701,173-
Investments Program Related$26,027--
Total Assets$706,507,436$716,974,561▲ $10,467,125
Other Assets Total$1,929,425$1,899,062▼ $30,363
Liabilities
Tax Exempt Bond Liabilities$140,644,848$136,506,765▼ $4,138,083
Other Liabilities$24,866,357$24,926,928▲ $60,571
Accounts Payable and Accrued Expenses$24,482,302$20,870,725▼ $3,611,577
Unsecured Notes Loans Payable$2,115,493$3,231,917▲ $1,116,424
Deferred Revenue$3,076,165$2,358,585▼ $717,580
Mortgage Notes Payable Secured by Investment Property$852,295$679,093▼ $173,202
Total Liabilities$196,037,460$188,574,013▼ $7,463,447
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$360,805,313$370,803,038▲ $9,997,725
Net Assets With Donor Restrictions$149,664,663$157,597,510▲ $7,932,847
Total Net Assets Fund Balance$510,469,976$528,400,548▲ $17,930,572
Total Liabilities and Net Assets / Fund Balance$706,507,436$716,974,561▲ $10,467,125

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$284,895,027$165,427,066$450,322,093
Equipment$8,613,653$76,489,519$85,103,172
Other Land Buildings$7,026,977$24,454,352$31,481,329
Land$25,221,565-$25,221,565
Other Securities$1,253,970--
Closely Held Equity Interests$55,637,331--
Financial Derivatives$67,708,104--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$352,647,637$5,788,519▲ $47,703,200$10,393,441$388,082,743
2022$353,099,209$12,130,571▲ $2,505,361$8,257,165$352,647,637
2021$395,562,588$4,333,808▼ $31,406,622$8,218,811$353,099,209
2020$312,877,645$4,650,075▲ $91,694,274$7,332,341$395,562,588
2019$308,398,725$11,416,273▲ $4,998,917$5,772,939$312,877,645
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Brian WardleMEN'S BASKETBALL COACHFT$790,152$144,804$934,956
Stephen StandifirdPresidentFT$402,539$105,355$507,894
Ralph Christopher ReynoldsVP Intercollegiate AthleticsFT$341,325$139,346$480,671
Jessica ClarkDean Education and Health ScienceFT$253,477$72,800$326,277
Walter ZakahiSenior VP Academic AffairsFT$284,330$40,413$324,743
Jason PetrovichVice President for AdvancementFT$248,888$52,669$301,557
Erin KastbergVP Legal Affairs & Gen. CounselFT$241,235$48,475$289,710
Ching-shihn J ChenChair ImetFT$172,820$100,086$272,906
Christopher JonesInt. Provost Sr VP Acad. AffairsFT$245,785$18,285$264,070
Joshua LewerChair Econ & FinanceFT$131,976$124,629$256,605
Krishnanand MaillacheruvuInterim DeanFT$228,323$27,356$255,679
Warren AndersonVP DeiFT$221,425$26,856$248,281
Nathan ThomasVP Student AffairsFT$224,425$16,670$241,095
Sheryl CoxFormer COO/CFO (thru 4/21/23)FT$160,375$45,462$205,837
Dennis KochAssociate VP Finanacial ServicesFT$153,481$28,039$181,520

Highest Paid Contractors

ContractorServicesLocationCompensation
Tlt EnterprisesEmmc Oversight10108 INDUS CV, Austin, TX 78730$522,033
Nepc LLCInvestment Services255 STATE STREET, Boston, MA 02109$455,035
Miller Hall & TriggsLegal Services416 MAIN STREET, Peoria, IL 61602-1161$366,311
Charter Logistics Group LLCAir Travel For Athletics3600 DRANE FIELD RD, Lakeland, FL 33811$364,491
Centric Consulting LLCDigital, Business, And Tech. Services10564 SUCCESS LANE SUITE D, Dayton, OH 45458$236,692
Revenue and Support

Revenue Composition

Contributions and Grants
$15,604,892
Program Service Revenue
$194,838,136
Investment Income
$11,552,849
Other Revenue
$4,434,866
All Other Contributions
$11,156,654
Change in Net Assets
$-14,078,497

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded21$257,605Fair Market Value (FMV)
Other Non Cash Contri Table85$63,561Fair Market Value (FMV)
Total Noncash Contributions106$321,166-

Audited Revenue Reconciliation

Revenue per Audited Statements
$141,482,408
Revenue Not Reported on Financial Statements
$84,948,335
Revenue Not Reported on Form 990
$32,009,069
Other Revenue Adjustments
$83,330,202
Total Revenue per Audited Statements
$173,491,477
Total Revenue per Form 990
$226,430,743
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$92,124,655
Grants and Similar Amounts Paid$83,447,937
Other Expenses$64,936,648
Total Fundraising Expense$3,225,132
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$83,447,937--$83,447,937
Other Salaries and Wages$64,933,706$5,985,677$2,371,365$73,290,748
Occupancy$15,710,681$514,462$148$16,225,291
Depreciation Depletion$13,530,402--$13,530,402
Office Expenses$6,841,450$285,680$345,978$7,473,108
Other Employee Benefits$6,046,024$549,675-$6,595,699
Interest$4,932,174$469,077-$5,401,251
Payroll Taxes$4,922,129$447,413-$5,369,542
Pension Plan Contributions$3,386,320$307,964-$3,694,284
Information Technology$3,622,295$36,353$1,963$3,660,611
Travel$3,142,205$149,520$114,560$3,406,285
Current Officers, Directors, Trustees, and Key Employees$2,825,200$253,951$95,231$3,174,382
Fees for Services Management$1,945,914$440,576$24,533$2,411,023
Insurance$2,122,485$69,502-$2,191,987
Fees for Services Other$1,903,219--$1,903,219
Other Expenses$2,180,071$1,757,311$241,416$1,757,311
Fees for Service Investment Mgmnt Fees-$1,618,133-$1,618,133
Conferences and Meetings$1,300,550$59,812$2,238$1,362,600
Advertising$887,015$74,116$27,700$988,831
Fees for Services Legal$296,365$66,265-$362,630
Fees for Services Accounting-$127,610-$127,610
Total Functional Expenses$223,976,142$13,307,966$3,225,132$240,509,240

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$240,509,240
Expenses per Audited Statements$155,560,905
Total Expenses per Audited Statements$155,560,905
Expenses Not Reported on Financial Statements$84,948,335
Other Expense Adjustments$83,330,202
Expenses Not Reported on Form 990$0
International Activity

International Summary

Offices
0
Employees
0
Spending
$347,244

International Compliance

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

International Activities

RegionActivityServicesOfficesEmployeesSpending
EuropeProgram ServicesEducation Abroad00$347,244
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$162,505
Gaming Gross Income$66,978
Fundraising Direct Expenses$44,323
Gaming Direct Expenses$39,026
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction$124,424$124,424$2,530$121,894
Golf Outing$38,081$38,081$396$37,685
Total Events$162,505$162,505$44,323$118,182
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Post-retirement Benefits Other Than Pensions$22,725,543
Lease Liabilities$1,907,620
Student Deposits$293,765

Bond Issues

BondIssuerIssuedIssue PricePurpose
BIllinois Finance Authority Series 2021 A&b2021-10-28$99,065,000Refund bonds issued 3/25/08 & 9/19/17
AIllinois Finance Authority Series 2017c2017-09-19$39,500,000Refund bonds issued on 4/17/07
CIllinois Finance Authority Series 20242024-04-30$16,990,000Refund bonds issued 10/28/21

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
B$99,629,094-$21,480,000$564,094
A$39,500,000-$7,740,000$157,599
C$17,378,795--$388,795

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Complete 990 was made available to entire board.

Form 990, Part VI, Section B, Line 12C

On an annual basis, the trustees of the board complete conflict of interest forms. Forms are reviewed and disclosed to the executive committee as appropriate. Conflict of interest forms are also completed annually by officers and key employees. Forms are reviewed by the president. The president's conflict of interest form is reviewed by the compensation committee of the board of trusteees. Faculty must certify to their department chairs on an annual basis their compliance with the university's conflict of commitment and conflict of interest policies by completing a form. The department chair forwards these certifications to the provost. If there is a conflict, an ad hoc disclosure form is completed. After department chair reviews, this form is forwarded to the dean, then provost for approval of determination. Certain administrative and professional staff at the university are also required to complete conflict of interest forms. These forms are then reviewed by their directors and forwarded to the appropriate vice president for review, approval, and determination.

Form 990, Part VI, Section B, Line 15

The compensation committee of the board of trustees reviews the president's compensation based upon form 990 of other organizations and compensation surveys. A written employment contract is issued. The university president determines compensation of the other officers and key employees based upon compensation surveys. This is then submitted to the compensation committee of the board of trustees for review. A written employment contract is issued.

Form 990, Part VI, Section C, Line 19

Documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Bradley University
EIN
37-0661494
Phone
3096773117
Address
1501 W BRADLEY AVENUE, PEORIA, IL 61625-0001

Signing Officer

Name
Betsy Hull
Title
Treasurer
Phone
3096773117
Signed
2025-03-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jonathan Michael
Formed
1897
Legal Domicile
Il
Voting Board Members
20
Independent Board Members
19
Employees
3,050
Volunteers
480

Preparer

Firm
Cliftonlarsonallen Llp
Address
301 SW ADAMS STREET SUITE 1000, PEORIA, IL 61602
Preparer
Samuel a Cigelnik
Phone
3096714500
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Swap contract gain 371,516. Changes in split dollar interest -38,449. Post retirement benefits related charges -5,712,933.

Form 990, Part XII, Line 2C

The organization did not change its oversight process or selection process during the tax year.

Financial Statement Notes

PART III, LINE 4:

Collection of art and other historical treasures include various sculptures, paintings, and other works of art; sea chart; historical maps of america; antique watch from when the university was a college of horology; and historical books. These items are on display in the library and other parts of campus and serve to further the university's educational purpose in the arts, history, and the humanities in general.

PART V, LINE 4:

The university endowment serves to support the educational mission of the university by providing substantial and sustainable flow of funds to the operating budget and restricted funds in order to support the long-term goals of the university.

PART X, LINE 2:

The university is exempt from federal and state income taxes under the applicable u.s. And illinois internal revenue codes for related income. No provision has been made in the accompanying financial statements as the university believes there is no significant unrelated business income.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Post retirement benefits related changes -5,712,933. Swap contract gain 371,516. Split interest -38,449.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Rental expenses -34,386. Fundraising expenses -44,323. Gaming expenses -39,026. Financial aid 83,447,937.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Rental expenses -34,386. Fundraising expenses -44,323. Gaming expenses -39,026. Financial aid 83,447,937.

Raw XML AppendixShowing 400 of 1,348 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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IRS990/ActivityOrMissionDesc0BRADLEY UNIVERSITY EMPOWERS STUDENTS FOR IMMEDIATE AND SUSTAINED SUCCESS IN THEIR PERSONAL AND PROFESSIONAL ENDEAVORS BY COMBINING PROFESSIONAL PREPARATION, LIBERAL ARTS AND SCIENCES, AND CO-CURRICULAR EXPERIENCES. ALONGSIDE OUR DEDICATION TO STUDENTS, WE EMBRACE THE GENERATION, APPLICATION, AND INTERPRETATION OF KNOWLEDGE.
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IRS990/ContractorCompensationGrp/ServicesDesc4DIGITAL, BUSINESS, AND TECH. SERVICES
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IRS990/Desc0BRADLEY UNIVERSITY IS A PRIVATE UNIVERSITY IN PEORIA, ILLINOIS, THAT ENROLLS NEARLY 5,000 UNDERGRADUATE AND GRADUATE STUDENTS, OFFERING UNDERGRADUATE AND GRADUATE ACADEMIC PROGRAMS IN BUSINESS, COMMUNICATIONS, EDUCATION, ENGINEERING, FINE ARTS, HEALTH SCIENCES, LIBERAL ARTS AND SCIENCES, AND TECHNOLOGY.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt20VP LEGAL AFFAIRS & GEN. COUNSEL
IRS990/Form990PartVIISectionAGrp/TitleTxt21ASSOCIATE VP FINANACIAL SERVICES
IRS990/Form990PartVIISectionAGrp/TitleTxt22VICE PRESIDENT FOR ADVANCEMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt23SENIOR VP ACADEMIC AFFAIRS
IRS990/Form990PartVIISectionAGrp/TitleTxt24VP DEI
IRS990/Form990PartVIISectionAGrp/TitleTxt25VP STUDENT AFFAIRS
IRS990/Form990PartVIISectionAGrp/TitleTxt26VP INTERCOLLEGIATE ATHLETICS
IRS990/Form990PartVIISectionAGrp/TitleTxt27INT. PROVOST SR VP ACAD. AFFAIRS
IRS990/Form990PartVIISectionAGrp/TitleTxt28INTERIM DEAN
IRS990/Form990PartVIISectionAGrp/TitleTxt29CHAIR IMET
IRS990/Form990PartVIISectionAGrp/TitleTxt30DEAN EDUCATION AND HEALTH SCIENCE
IRS990/Form990PartVIISectionAGrp/TitleTxt31MEN'S BASKETBALL COACH
IRS990/Form990PartVIISectionAGrp/TitleTxt32CHAIR ECON & FINANCE
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