Civic Intelligence

Madonna University

990 • Fiscal year 2024 • EIN 38-1498763

Jul 01, 2023 to Jun 30, 2024 • Filed on May 15, 2025

36600 Schoolcraft RdLivonia, MI 48150-1176

(734) 432-5391

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

65th percentile

0.43x

Higher debt load relative to assets than 65% of similar nonprofits.

2024 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

69th percentile

0.88x

Higher debt load relative to revenue than 69% of similar nonprofits.

2024 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2024

Net Margin

17th percentile

-8.5%

Higher net margin than 17% of similar nonprofits.

2024 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

12th percentile

$205,527

Higher top officer pay than 12% of similar nonprofits.

Top officer pay equals 0.4% of source-year revenue.

2024 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2024

Asset Growth

5th percentile

-9.1%

Faster asset growth than 5% of similar nonprofits.

2024 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

39th percentile

4.9%

Faster revenue growth than 39% of similar nonprofits.

2024 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Assets

Down

$116,890,556

Down $11,759,542 (-9.1%) from 2023

Net Assets

Down

$66,258,340

Down $6,567,975 (-9.0%) from 2023

Liabilities

Down

$50,632,216

Down $5,191,567 (-9.3%) from 2023

Revenue

Up

$57,456,956

Up $2,677,885 (+4.9%) from 2023

Expenses

Down

$62,369,085

Down $1,084,579 (-1.7%) from 2023

Net Income

Up

-$4,912,129

Up $3,762,464 (+43%) from 2023

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150M$100M$50M$0Assets 2010: $85,664,285Liabilities 2010: $30,171,521Net Assets 2010: $55,492,7642010Assets 2011: $94,184,063Liabilities 2011: $30,671,476Net Assets 2011: $63,512,5872011Assets 2012: $94,165,845Liabilities 2012: $33,080,047Net Assets 2012: $61,085,7982012Assets 2013: $99,951,704Liabilities 2013: $30,171,367Net Assets 2013: $69,780,3372013Assets 2014: $101,717,136Liabilities 2014: $29,752,309Net Assets 2014: $71,964,8272014Assets 2015: $97,824,782Liabilities 2015: $30,220,287Net Assets 2015: $67,604,4952015Assets 2016: $93,985,381Liabilities 2016: $31,686,614Net Assets 2016: $62,298,7672016Assets 2017: $102,153,066Liabilities 2017: $31,897,783Net Assets 2017: $70,255,2832017Assets 2018: $116,535,100Liabilities 2018: $44,376,732Net Assets 2018: $72,158,3682018Assets 2019: $118,555,954Liabilities 2019: $47,391,732Net Assets 2019: $71,164,2222019Assets 2020: $120,870,423Liabilities 2020: $49,244,776Net Assets 2020: $71,625,6472020Assets 2021: $137,754,310Liabilities 2021: $52,309,795Net Assets 2021: $85,444,5152021Assets 2022: $129,005,602Liabilities 2022: $51,508,424Net Assets 2022: $77,497,1782022Assets 2023: $128,650,098Liabilities 2023: $55,823,783Net Assets 2023: $72,826,3152023Assets 2024: $116,890,556Liabilities 2024: $50,632,216Net Assets 2024: $66,258,3402024

Highlighted filing

2024

Assets$116,890,556
Liabilities$50,632,216
Net Assets$66,258,340

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$80M$60M$40M$20M$0-$20MExpenses 2010: $44,065,6792010Revenue 2011: $49,616,310Expenses 2011: $46,333,041Net Income 2011: $3,283,2692011Expenses 2012: $50,431,1622012Revenue 2013: $59,244,200Expenses 2013: $56,253,227Net Income 2013: $2,990,9732013Revenue 2014: $55,225,388Expenses 2014: $58,655,739Net Income 2014: -$3,430,3512014Revenue 2015: $53,409,940Expenses 2015: $57,707,256Net Income 2015: -$4,297,3162015Revenue 2016: $53,789,131Expenses 2016: $55,937,200Net Income 2016: -$2,148,0692016Revenue 2017: $59,066,359Expenses 2017: $57,320,197Net Income 2017: $1,746,1622017Revenue 2018: $50,939,569Expenses 2018: $53,851,967Net Income 2018: -$2,912,3982018Revenue 2019: $55,791,432Expenses 2019: $57,386,062Net Income 2019: -$1,594,6302019Revenue 2020: $60,320,078Expenses 2020: $59,571,266Net Income 2020: $748,8122020Revenue 2021: $64,155,252Expenses 2021: $63,070,361Net Income 2021: $1,084,8912021Revenue 2022: $60,810,151Expenses 2022: $64,703,596Net Income 2022: -$3,893,4452022Revenue 2023: $54,779,071Expenses 2023: $63,453,664Net Income 2023: -$8,674,5932023Revenue 2024: $57,456,956Expenses 2024: $62,369,085Net Income 2024: -$4,912,1292024

Highlighted filing

2024

Revenue$57,456,956
Expenses$62,369,085
Net Income-$4,912,129
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$73,438,909
Mission and Program Overview

Mission

The mission of madonna university, a catholic and franciscan institution of higher learning, is to instill in its students christian humanistic values, intellectual inquiry, a respect for diversity, and a commitment to serving others through a liberal arts education, integrated with career preparation, and based on the truths and principles recognized within the catholic tradition.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$78,496,420$75,443,145▼ $3,053,275
Investments in Publicly Traded Securities$41,342,790$32,256,928▼ $9,085,862
Investments Other Securities$5,811,158$6,133,225▲ $322,067
Accounts Receivable$1,441,842$2,045,833▲ $603,991
Savings and Temporary Cash Investments$973,037$605,545▼ $367,492
Prepaid Expenses and Deferred Charges$328,679$272,501▼ $56,178
Cash and Non-Interest-Bearing Accounts$164,989$0▼ $164,989
Pledges and Grants Receivable$77,799$60,387▼ $17,412
Inventories for Sale or Use$5,498$4,871▼ $627
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0--
Loans From Officers Directors$0$0→ $0
Total Assets$128,650,098$116,890,556▼ $11,759,542
Other Assets Total$7,886$68,121▲ $60,235
Liabilities
Other Liabilities$20,742,710$20,002,411▼ $740,299
Tax Exempt Bond Liabilities$16,522,662$15,697,829▼ $824,833
Deferred Revenue$10,357,246$10,339,505▼ $17,741
Accounts Payable and Accrued Expenses$3,935,500$4,592,471▲ $656,971
Mortgage Notes Payable Secured by Investment Property$4,265,665$0▼ $4,265,665
Total Liabilities$55,823,783$50,632,216▼ $5,191,567
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$53,102,584$45,252,563▼ $7,850,021
Net Assets With Donor Restrictions$19,723,731$21,005,777▲ $1,282,046
Total Net Assets Fund Balance$72,826,315$66,258,340▼ $6,567,975
Total Liabilities and Net Assets / Fund Balance$128,650,098$116,890,556▼ $11,759,542

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$67,742,646$39,554,470$107,297,116
Equipment$3,314,915$11,349,394$14,664,309
Other Land Buildings$3,011,512$9,010,042$12,021,554
Leasehold Improvements$1,000,705$189,929$1,190,634
Land$373,367-$373,367
Other Securities$6,133,225--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$46,876,786$226,699▲ $3,956,966$12,256,481$37,972,446
2023$44,542,479$159,706▲ $4,825,609$1,842,721$46,876,786
2022$52,276,926$246,553▼ $5,533,417$1,663,919$44,542,479
2021$41,957,373$227,251▲ $11,822,179$1,153,493$52,276,926
2020$41,855,458$90,546▲ $2,138,957$1,473,070$41,957,373
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Deborah DunnProvost/VP Academic AdministrationFT$198,717$6,810$205,527
Christopher Dougherty START 0723PresidentFT$187,921$16,550$204,471
Ian Day Left 0623PresidentFT$143,199$40,698$183,897
Tara KaneAdjunct Associate ProfessorFT$141,627$6,231$147,858
Elizabeth ProughAdjunct ProfessorFT$111,132$21,310$132,442
Matthew RheineckerVice President AdvancementFT$104,303$27,065$131,368
Karen ObsniukDeanFT$107,382$11,485$118,867
Christine BensonVice President Student AffairsFT$112,061$4,391$116,452

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Dynamic CampusContractor2806 FLINTROCK TRACE, STE A205, Austin, TX 78738-1746$2,592,270
SodexoFood Service4880 PAYSHERE CIRCLE, STE 400, Chicago, IL 60674$2,087,541
SlingshotBookstore1500 S WESTERN AVE, Marion, IN 46953$1,311,620
Orbis Education Services LLCEducation Services301 PENNSYLNANIA PKWY, Indianapolis, IN 46280-1396$908,889
Securitas Security ServicesContractor4101 W Jefferson Blvd, Fort Wayne, IN 46804$461,870
Revenue and Support

Revenue Composition

Contributions and Grants
$2,015,133
Program Service Revenue
$49,331,126
Investment Income
$5,868,007
Other Revenue
$242,690
All Other Contributions
$1,176,695
Change in Net Assets
$-4,912,129

Audited Revenue Reconciliation

Revenue per Audited Statements
$42,237,539
Revenue Not Reported on Financial Statements
$15,219,417
Revenue Not Reported on Form 990
$-1,655,846
Other Revenue Adjustments
$15,219,417
Total Revenue per Audited Statements
$40,581,693
Total Revenue per Form 990
$57,456,956
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$23,770,618
Salaries, Compensation, and Employee Benefits$23,379,050
Grants and Similar Amounts Paid$15,219,417
Total Fundraising Expense$1,241,424
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$14,110,963$1,268,401$475,650$15,855,014
Grants to Domestic Individuals$15,219,417--$15,219,417
Other Employee Benefits$4,269,141$383,743$143,904$4,796,788
Depreciation Depletion$3,007,729$517,823$11,596$3,537,148
Information Technology$3,031,344$272,480$102,180$3,406,004
Office Expenses$1,955,391$175,766$65,912$2,197,069
Interest$2,031,153$9,828$2,018$2,042,999
Occupancy$1,287,532$115,733$43,400$1,446,665
Payroll Taxes$1,128,844$101,469$38,051$1,268,364
Current Officers, Directors, Trustees, and Key Employees$817,983$73,527$27,572$919,082
Travel$676,142$60,777$22,791$759,710
Other Expenses$550,031$733,915$275,218$550,031
Pension Plan Contributions$480,424$43,184$16,194$539,802
Insurance$329,683$29,634$11,113$370,430
Advertising$153,464$13,795$5,173$172,432
Fees for Services Accounting-$73,200-$73,200
Fees for Services Other$19,335$1,738$652$21,725
Fees for Services Legal-$19,273-$19,273
Total Functional Expenses$57,233,375$3,894,286$1,241,424$62,369,085

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$62,369,085
Expenses per Audited Statements$47,149,668
Total Expenses per Audited Statements$47,149,668
Expenses Not Reported on Financial Statements$15,219,417
Other Expense Adjustments$15,219,417
Expenses Not Reported on Form 990$0
International Activity

International Summary

Offices
0
Employees
2
Spending
$0

International Compliance

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

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the CaribbeanProgram ServicesUndergraduate Instruction01$0
Middle East and North AfricaProgram ServicesUndergraduate and Graduate Degree Instruction01$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Finance Lease Liabilities$19,718,511
Government Grants Refundable$283,900
Annuities Payable-
Contributions Payable-

Bond Issues

BondIssuerIssuedIssue PricePurpose
AMadonna University2009-12-01$22,190,000To fund media/science building.

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$22,190,000-$6,360,000$283,159

Bond Financing Compliance

No rebate due
Yes
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
No
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 7A Members or stockholders electing members of governing body

Election of members and their rights the sole member of the corporation is felician services, inc., an illinois non-for-profit corporation. It has the authority to appoint, elect, remove with or without cause or determine the number of trustees of the corporation after consultation with the madonna university board of trustees.

Form 990, Part VI, Line 7B Decisions requiring approval by members or stockholders

Decisions subject to approval of members felician services, inc. Has the sole authority to authorize the corporation to incur any indebtedness (other than trade obligations incurred in the regular course of business) and to approve the purchase, transfer, sale, long-term lease, or encumbrance of any real property owned by the corporation.

Form 990, Part VI, Line 11B Review of form 990 by governing body

Organization's process to review form 990 is reviewed by the university audit committee and the committee recommends to the board of trustees.

Form 990, Part VI, Line 12C Conflict of interest policy

Enforcement of conflicts policy annually the president requires the board of trustees, vice presidents and associate vice presidents to sign a conflict of interest form to disclose any and all areas that could be construed as a conflict of interest. The president reviews each of the forms to identify if any potential or actual areas of conflicts have been disclosed. If potential or actual areas of conflict are disclosed or discovered, the president would ask those individuals to recuse themselves from participating in any deliberations and decisions related to the areas of conflict.

Form 990, Part VI, Line 15A Process to establish compensation of top management official

Compensation process for top official the executive compensation committee of the board of trustees of madonna university annually reviews the compensation for the top official. This committee is led by the chair of the board of trustees. In 2017, the committee performed a salary survey of similarly structured independent colleges and universities in the midwest region and religiously sponsored institutions in michigan. This information was used to recommend the salary and benefits package of president of the university's most recent contract to the board of trustees, and the board of trustees approved the salary and benefits package.

Form 990, Part VI, Line 15B Process to establish compensation of other employees

Compensation process for officers the assistant vice president and chief human resource officer in consultation with the president reviews compensation based on data such as iped for comparable private institutions of size and revenue and job specifications of positions then determine appropriate pay amounts.

Form 990, Part VI, Line 19 Required documents available to the public

Governing documents disclosure explanation information is made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Madonna University
EIN
38-1498763
Phone
7344325391
Address
36600 SCHOOLCRAFT RD, LIVONIA, MI 48150-1176

Signing Officer

Name
Christopher Dougherty
Title
President
Phone
7344325391
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Formed
1937
Legal Domicile
Mi
Voting Board Members
14
Independent Board Members
14
Employees
869
Volunteers
11

Preparer

Firm
Forvis Mazars LLP
Address
111 E Wayne Street Suite 600, Fort Wayne, IN 46802
Preparer
Lauren Denton
Phone
2604604000
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9 Other changes in net assets or fund balances

Change in interest rate swap - 306812; change in value of split interest agreements - 3654;

Financial Statement Notes

Schedule D, Part X, Line 2

Asc 740 footnote management has evaluated their income tax positions under the guidance included in asc 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements.

Schedule D, Part III, Line 4 Collections of art - description of collections

Art work donated to the university in 2016-2017. A portion of the artwork is on display.

Schedule D, Part V, Line 4 Intended uses of endowment funds

Contributions to be used for facilities, endowments, as well as operating purposes.

Schedule D, Part XI, Line 2(D) Other revenues in audited financial statements not in form 990

Change in Interest Rate Swap - 306812 Change in Value of Split Interest Agreements - 3654

Schedule D, Part XI, Line 4(B) Other revenues in form 990 not in audited financial statements

Student Financial Aid - 15219417

Schedule D, Part XII, Line 4(B) Other expenses in form 990 not in audited financial statements

Student Financial Aid - 15219417

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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/Desc0PROVIDE HIGHER LEARNING INSTRUCTIONS: 1,839 STUDENTS IN UNDERGRADUATE CLASS. 315 STUDENTS IN GRADUATE CLASS. IN 2023-2024, 6 DOCTORAL DEGREES, 98 MASTER DEGREES, 383 BACHELOR DEGREES, 7 ASSOCIATES DEGREES AND 142 CERTIFICATES WERE AWARDED.
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IRS990/Form990PartVIISectionAGrp/PersonNm6Jim Woodworth
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IRS990/Form990PartVIISectionAGrp/PersonNm9Rodney Patterson
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IRS990/Form990PartVIISectionAGrp/PersonNm13Timothy Turner
IRS990/Form990PartVIISectionAGrp/PersonNm14Christine Benson
IRS990/Form990PartVIISectionAGrp/PersonNm15Christopher Dougherty START 0723
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IRS990/Form990PartVIISectionAGrp/PersonNm17Matthew Rheinecker
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IRS990/Form990PartVIISectionAGrp/PersonNm21Ian Day Left 0623
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Secretary & Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt1Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt2Chair
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IRS990/Form990PartVIISectionAGrp/TitleTxt15President
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IRS990/MissionDesc0THE MISSION OF MADONNA UNIVERSITY, A CATHOLIC AND FRANCISCAN INSTITUTION OF HIGHER LEARNING, IS TO INSTILL IN ITS STUDENTS CHRISTAIN HUMANISTIC VALUES, INTELLECTUAL INQUIRY, A RESPECT FOR UNIVERSITY AND A COMMITTMENT TO SERVING OTHERS THROUGH LIBERAL ARTS EDUCATION, INTEGRATED WITH CAREER PREPARATION, AND BASED ON THE TRUTHS AND PRINCIPLES RECOGNIZED WITHIN THE CATHOLIC TRADITION.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$117$50.6$66.3$57.5$62.4$4.91
2023Detailed filing. Detailed filing data is available for this year.$129$55.8$72.8$54.8$63.5$8.67
2022Detailed filing. Detailed filing data is available for this year.$129$51.5$77.5$60.8$64.7$3.89
2021Detailed filing. Detailed filing data is available for this year.$138$52.3$85.4$64.2$63.1$1.08
2020Detailed filing. Detailed filing data is available for this year.$121$49.2$71.6$60.3$59.6$0.75
2019Detailed filing. Detailed filing data is available for this year.$119$47.4$71.2$55.8$57.4$1.59
2018Detailed filing. Detailed filing data is available for this year.$117$44.4$72.2$50.9$53.9$2.91
2017Detailed filing. Detailed filing data is available for this year.$102$31.9$70.3$59.1$57.3$1.75
2016Detailed filing. Detailed filing data is available for this year.$94.0$31.7$62.3$53.8$55.9$2.15
2015Detailed filing. Detailed filing data is available for this year.$97.8$30.2$67.6$53.4$57.7$4.30
2014Detailed filing. Detailed filing data is available for this year.$102$29.8$72.0$55.2$58.7$3.43
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$100.0$30.2$69.8$59.2$56.3$2.99
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$94.2$33.1$61.1$50.4
2011Summary only. Only limited summary data is available for this year.$94.2$30.7$63.5$49.6$46.3$3.28
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$85.7$30.2$55.5$44.1
Peer Organizations

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