Civic Intelligence

Marquette University

EIN 39-0806251 • 501(c)3 • Milwaukee, WI

Profile

As a Catholic, Jesuit university our mission is to search for truth, discover share knowledge, foster personal professional excellence, promote a life of faith and develop leadership expressed in service to others. See Schedule O.

PO Box 1881Milwaukee, WI 53201-1881

www.marquette.edu

Siviq Scores

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

Liabilities / Assets

41st percentile

0.24x

Higher debt load relative to assets than 41% of similar nonprofits.

501(c)3 • $1B+ nonprofits • Source year 2024

Liabilities / Revenue

56th percentile

0.65x

Higher debt load relative to revenue than 56% of similar nonprofits.

501(c)3 • $1B+ nonprofits • Source year 2024

Net Margin

54th percentile

7.6%

Higher net margin than 54% of similar nonprofits.

501(c)3 • $1B+ nonprofits • Source year 2024

Top Officer Pay

76th percentile

$3,973,244

Higher top officer pay than 76% of similar nonprofits.

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

501(c)3 • $1B+ nonprofits • Source year 2024

Asset Growth

36th percentile

5.2%

Faster asset growth than 36% of similar nonprofits.

501(c)3 • $1B+ nonprofits • Annualized from 2023 to 2024

Revenue Growth

29th percentile

5.7%

Faster revenue growth than 29% of similar nonprofits.

501(c)3 • $1B+ nonprofits • Annualized from 2023 to 2024

Assets

Up

$2,057,273,870

Up $102,210,789 (+5.2%) from 2023

Liabilities

Up

$491,475,351

Up $5,980,270 (+1.2%) from 2023

Net Assets

Up

$1,565,798,519

Up $96,230,519 (+6.5%) from 2023

Revenue

Up

$750,713,447

Up $40,721,678 (+5.7%) from 2023

Expenses

Up

$693,612,919

Up $40,910,678 (+6.3%) from 2023

Net Income

Down

$57,100,528

Down $189,000 (-0.3%) from 2023

Trend Graphs

Balance Sheet Trend

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

$3.0B$2.0B$1.0B$0Assets 2010: $1,080,458,000Liabilities 2010: $368,664,000Net Assets 2010: $711,794,0002010Assets 2011: $1,169,248,000Liabilities 2011: $366,696,000Net Assets 2011: $802,552,0002011Assets 2012: $1,155,546,000Liabilities 2012: $343,567,000Net Assets 2012: $811,979,0002012Assets 2013: $1,226,905,000Liabilities 2013: $377,767,000Net Assets 2013: $849,138,0002013Assets 2014: $1,324,142,000Liabilities 2014: $390,321,000Net Assets 2014: $933,821,0002014Assets 2015: $1,332,812,000Liabilities 2015: $358,430,000Net Assets 2015: $974,382,0002015Assets 2016: $1,317,462,000Liabilities 2016: $343,502,000Net Assets 2016: $973,960,0002016Assets 2017: $1,453,970,000Liabilities 2017: $412,984,000Net Assets 2017: $1,040,986,0002017Assets 2018: $1,487,304,000Liabilities 2018: $388,718,000Net Assets 2018: $1,098,586,0002018Assets 2019: $1,517,454,000Liabilities 2019: $390,969,000Net Assets 2019: $1,126,485,0002019Assets 2020: $1,675,810,000Liabilities 2020: $532,360,000Net Assets 2020: $1,143,450,0002020Assets 2021: $1,967,198,000Liabilities 2021: $551,582,000Net Assets 2021: $1,415,616,0002021Assets 2022: $1,939,220,300Liabilities 2022: $514,779,100Net Assets 2022: $1,424,441,2002022Assets 2023: $1,955,063,081Liabilities 2023: $485,495,081Net Assets 2023: $1,469,568,0002023Assets 2024: $2,057,273,870Liabilities 2024: $491,475,351Net Assets 2024: $1,565,798,5192024

Highlighted filing

2024

Assets$2,057,273,870
Liabilities$491,475,351
Net Assets$1,565,798,519

Operations Trend

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

$800M$600M$400M$200M$0Expenses 2010: $414,735,0002010Expenses 2011: $436,909,0002011Expenses 2012: $461,174,0002012Revenue 2013: $496,687,000Expenses 2013: $477,459,000Net Income 2013: $19,228,0002013Revenue 2014: $528,815,279Expenses 2014: $493,064,000Net Income 2014: $35,751,2792014Revenue 2015: $548,377,518Expenses 2015: $500,142,000Net Income 2015: $48,235,5182015Revenue 2016: $533,788,984Expenses 2016: $513,921,000Net Income 2016: $19,867,9842016Revenue 2017: $573,640,000Expenses 2017: $543,199,000Net Income 2017: $30,441,0002017Revenue 2018: $617,903,000Expenses 2018: $565,388,000Net Income 2018: $52,515,0002018Revenue 2019: $617,130,000Expenses 2019: $614,681,450Net Income 2019: $2,448,5502019Revenue 2020: $679,500,550Expenses 2020: $625,776,957Net Income 2020: $53,723,5932020Revenue 2021: $725,388,000Expenses 2021: $619,194,000Net Income 2021: $106,194,0002021Revenue 2022: $733,396,500Expenses 2022: $638,799,000Net Income 2022: $94,597,5002022Revenue 2023: $709,991,769Expenses 2023: $652,702,241Net Income 2023: $57,289,5282023Revenue 2024: $750,713,447Expenses 2024: $693,612,919Net Income 2024: $57,100,5282024

Highlighted filing

2024

Revenue$750,713,447
Expenses$693,612,919
Net Income$57,100,528

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2,057$491$1,566$751$694$57.1
2023Detailed filing. Detailed filing data is available for this year.$1,955$485$1,470$710$653$57.3
2022Detailed filing. Detailed filing data is available for this year.$1,939$515$1,424$733$639$94.6
2021Detailed filing. Detailed filing data is available for this year.$1,967$552$1,416$725$619$106
2020Detailed filing. Detailed filing data is available for this year.$1,676$532$1,143$680$626$53.7
2019Summary only. Only limited summary data is available for this year.$1,517$391$1,126$617$615$2.45
2018Detailed filing. Detailed filing data is available for this year.$1,487$389$1,099$618$565$52.5
2017Detailed filing. Detailed filing data is available for this year.$1,454$413$1,041$574$543$30.4
2016Detailed filing. Detailed filing data is available for this year.$1,317$344$974$534$514$19.9
2015Detailed filing. Detailed filing data is available for this year.$1,333$358$974$548$500$48.2
2014Detailed filing. Detailed filing data is available for this year.$1,324$390$934$529$493$35.8
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,227$378$849$497$477$19.2
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,156$344$812$461
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,169$367$803$437
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,080$369$712$415
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 8, 2025
Return Version
2023v6.0
Gross Receipts
$950,001,855
Mission and Program Overview

Mission

As a Catholic, Jesuit university our mission is to search for truth, discover share knowledge, foster personal professional excellence, promote a life of faith and develop leadership expressed in service to others. See Schedule O.

As a Catholic, Jesuit university our mission is to search for truth, discover share knowledge, foster personal professional excellence, promote a life of faith and develop leadership expressed in service to others.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$671,987,814$736,902,039▲ $64,914,225
Investments Other Securities$535,780,951$587,787,174▲ $52,006,223
Investments in Publicly Traded Securities$542,891,129$469,844,008▼ $73,047,121
Cash and Non-Interest-Bearing Accounts$73,438,278$135,546,423▲ $62,108,145
Pledges and Grants Receivable$71,612,958$65,929,494▼ $5,683,464
Accounts Receivable$22,121,363$27,274,559▲ $5,153,196
Other Notes and Loans Receivable, Net$21,712,051$19,739,866▼ $1,972,185
Prepaid Expenses and Deferred Charges$6,414,061$5,125,133▼ $1,288,928
Inventories for Sale or Use$500,453$508,645▲ $8,192
Receivables From Officers Etc$312,500--
Total Assets$1,955,063,081$2,057,273,870▲ $102,210,789
Other Assets Total$8,291,523$8,616,529▲ $325,006
Liabilities
Tax Exempt Bond Liabilities$184,663,434$174,570,784▼ $10,092,650
Unsecured Notes Loans Payable$168,205,315$161,362,330▼ $6,842,985
Accounts Payable and Accrued Expenses$70,277,390$88,251,942▲ $17,974,552
Deferred Revenue$31,077,074$38,413,440▲ $7,336,366
Other Liabilities$31,271,868$28,876,855▼ $2,395,013
Total Liabilities$485,495,081$491,475,351▲ $5,980,270
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,009,356,000$1,087,629,219▲ $78,273,219
Net Assets Without Donor Restrictions$460,212,000$478,169,300▲ $17,957,300
Total Net Assets Fund Balance$1,469,568,000$1,565,798,519▲ $96,230,519
Total Liabilities and Net Assets / Fund Balance$1,955,063,081$2,057,273,870▲ $102,210,789

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$483,123,116$420,780,694$903,903,810
Other Land Buildings$186,181,021$116,441,572$302,622,593
Equipment$30,981,912$129,918,233$160,900,145
Land$36,615,990-$52,334,316
Other Securities$17,531,859--
Financial Derivatives$7,769,335--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$906,129,000$32,365,000▲ $94,981,000$20,755,654$990,070,000
2023$894,126,000$19,346,000▲ $35,017,000$20,480,379$906,129,000
2022$928,999,000$35,033,000▼ $31,533,000$18,680,980$894,126,000
2021$715,805,000$34,520,000▲ $213,247,000$16,993,449$928,999,000
2020$705,476,000$34,533,000▲ $5,706,000$14,657,531$715,805,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mr Shaka SmartMens Basketball Head CoachFT$3,582,244$123,412$4,087,320
Mr William G SchollVP Director AthleticsFT$430,620$74,056$1,346,676
Dr Michael R LovellPresidentFT$729,434$299,125$978,559
Mr Joel S PogodzinskiTreasurerFT$465,476$166,299$657,447
Dr James K Ah YunVice PresidentFT$477,380$167,422$618,782
Ms Megan DuffyWomens Basketball Head CoachFT$467,846$58,244$613,590
Mr Timothy F McMahonVP for University AdvancementFT$418,500$773,086$589,713
Mr DeAndre I HaynesMens Basketball Assistant CoachFT$414,369$68,342$577,111
Mr Ryan A TheisWomens Volleyball Head CoachFT$352,051$62,353$468,490
Mr Sean W GissalChief Investment OfficerFT$344,851$119,673$455,765
Mr Paul J JonesAssistant SecretaryFT$331,282$173,867$426,301
Dr Kristina M RopellaDean EngineeringFT$336,645$147,782$391,487
Mr Ian J GonzalezAssistant TreasurerFT$328,687$452,678$390,270
Dr William E CullinanDean Health SciencesFT$289,430$105,685$350,472
Mr Timothy P HanleyDean Business AdministrationFT$287,324$56,378$338,885
Ms Lora A StrigensVP for Planning Facilities MgmntFT$265,743$117,455$329,615
Mr Steven W FriederSecretaryFT$166,571$165,855$199,682
Mr Ralph A WeberAssistant SecretaryFT$49,056-$49,056

Highest Paid Contractors

ContractorServicesLocationCompensation
J H Findorff & Son IncConstruction Services300 S Bedford Street, Madison, WI 53703$41,887,314
Sodexho Inc & AffiliatesFood Services1926 W Wisconsin Avenue Suite 250, Milwaukee, WI 53233$17,869,123
ORBIS Education Services LLCProfessional Fees301 Pennsylvania Parkway, Indianapolis, IN 46280$4,501,951
HSRE Core Holding IStudent Housing444 West Lake Street, Chicago, IL 60606$3,476,018
The Boldt CompanyConstruction ServicesN21 W23340 Ridgeview Parkway, Waukesha, WI 53188$2,715,712
Revenue and Support

Revenue Composition

Contributions and Grants
$88,802,573
Program Service Revenue
$566,815,661
Investment Income
$54,279,977
Other Revenue
$40,815,236
All Other Contributions
$75,994,681
Change in Net Assets
$57,100,528

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 Traded335$13,047,736See Part II
Works of Art3$190,666Value of Donated Property
Other Non Cash Contri Table11$182,595Value of Donated Property
Other Non Cash Contri Table19$64,604Value of Donated Property
Other Non Cash Contri Table321$55,466Value of Donated Property
Drugs and Medical Supplies7$6,870Value of Donated Property
Other Non Cash Contri Table1$1,383Value of Donated Property
Books and Publications-$167Value of Donated Property
Total Noncash Contributions697$13,549,487-

Audited Revenue Reconciliation

Revenue per Audited Statements
$536,165,764
Revenue Not Reported on Financial Statements
$214,547,683
Other Revenue Adjustments
$214,547,683
Total Revenue per Audited Statements
$536,165,764
Total Revenue per Form 990
$750,713,447
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$284,472,193
Grants and Similar Amounts Paid$218,445,160
Other Expenses$190,677,434
Total Fundraising Expense$14,694,337
Professional Fundraising Fees$18,132

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$187,655,335$19,423,956$9,182,403$216,261,694
Grants to Domestic Individuals$213,174,640--$213,174,640
Office Expenses$50,536,877$1,724,629$379,600$52,641,106
Depreciation Depletion$36,685,493$3,149,369-$39,834,862
Other Employee Benefits$31,137,488$4,825,395$1,259,965$37,222,848
Travel$17,103,882$1,001,755$1,091,758$19,197,395
Fees for Services Other$17,319,226$1,233,843$260,181$18,813,250
Occupancy$16,015,692$1,068,761$77,982$17,162,435
Payroll Taxes$11,712,745$1,753,351$681,476$14,147,572
Pension Plan Contributions$9,618,805$1,632,934$684,886$11,936,625
Information Technology$7,584,355$2,869,603$3,655$10,457,613
Interest$5,465,574$3,810,481-$9,276,055
Insurance$5,780,093--$5,780,093
Current Officers, Directors, Trustees, and Key Employees$913,935$3,463,892$525,627$4,903,454
Grants to Domestic Orgs$3,897,476--$3,897,476
Advertising$1,773,435$295,911$178,427$2,247,773
Conferences and Meetings$1,056,482$322,477$22,048$1,401,007
Foreign Grants$1,373,044--$1,373,044
Fees for Services Accounting-$473,584-$473,584
Fees for Services Legal$142,450$308,873-$451,323
Fees for Services Lobbying-$80,000-$80,000
Other Expenses$265,054$21,152$128,033$21,152
Fees for Services Professional Fundraising--$18,132$18,132
Total Functional Expenses$630,954,800$47,963,782$14,694,337$693,612,919

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$693,612,919
Expenses per Audited Statements$479,065,236
Total Expenses per Audited Statements$479,065,236
Expenses Not Reported on Financial Statements$214,547,683
Other Expense Adjustments$214,547,683
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Medical College of WisconsinMilwaukee, WI501 c3Research$794,595
CZERO IncFort Collins, COFor ProfitResearch$339,162
Mahle Powertrain LLCMilwaukee, WI501 c3Research$316,468
Lutheran Social ServicesMilwaukee, WI501 c3Other$284,626
Indiana UniversityMilwaukee, WI501 c3Research$235,710
Northwestern UniversityOconomowoc, WIFor ProfitResearch$155,299
Florida State UniversityDetroit, MIFor ProfitResearch$149,519
Virginia Polytechnic Institute and State University--Research$139,622
Board of Regents-University of WI System-MadisonMilwaukee, WI, Pm501 c3Research$125,247
University of MiamiBlacksburg, VACommonwealth of VirgResearch$110,068
Georgia State University Research Foundation IncHempstead, NY501 c3Research$93,534
Carnegie Mellon UniversityPittsburgh, PA, As501 c3Research$92,991
Confluency LLCChicago, IL, AsFor ProfitResearch$80,806
Hofstra UniversityBloomington, INState of IndianaResearch$78,306
Milwaukee Public SchoolsNew York, NY501 c3Research$77,279
Niron Magnetics IncRaleigh, NCState of North CarolResearch$69,390
University of Massachusetts AmherstBurlington, VT501 c3Research$65,343
Mental Health America of WisconsinMilwaukee, WI501 c3Research$63,333
Alzheimer's AssociationMilwaukee, WI, Sz501 c3Research$58,091
Raytheon Technologies CorporationChicago, IL501 c3Research$53,178
Seattle UniversityCarol Stream, ILState of IllinoisResearch$46,251
University of Georgia Research Foundation IncMobile, AL501 c3Research$46,194
Medical College of WisconsinMilwaukee, WICity of MilwaukeeOther$44,698
University of AkronAthens, GA501 c3Research$41,641
University of DelawareAtlanta, GA501 c3Research$41,053
Remarkable Speech and MovementSeattle, WA501 c3Research$40,537
University of Sydney--Research$27,698
Rush UniversityAkron, OHState of OhioResearch$27,158
Robert W ProstChicago, IL501 c3Research$25,000
Jacintopa - Maria Muriel Garcia LeonFarmington Hills, MIFor ProfitResearch$23,672
University of Vermont and State Agricultural College--Research$21,631
Milwaukee School of EngineeringMinneapolis, MNFor ProfitResearch$18,819
North Carolina State UniversityHartford, CTFor ProfitResearch$18,476
Ecole Polytechnique Federale de LausanneAtlanta, GA501 c3Research$17,295
University of ChicagoHadley, MACommonwealth of MassResearch$17,061
University of South Alabama--Research$14,200
New York UniversityLos Alamos, NM501 c3Research$14,009
The Board of Trustees University of IllinoisNewark, DE501 c3Research$9,121
General Motors LLCAtlanta, GA501 c3Research$7,155
Emory UniversityTallahassee, FL501 c3Research$6,802
NMC IncEvanston, IL501 c3Research$6,438

International Summary

Offices
1
Employees
1
Spending
$1,491,907

International Compliance

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

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe Including Iceland and GreenlandProgram ServicesInternational Education--$1,259,309
Sub-Saharan AfricaProgram ServicesInternational Education--$118,863
East Asia and the PacificProgram ServicesInternational Education11$80,563
South AmericaProgram ServicesInternational Education--$33,172
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$176,983
Fundraising Gross Income$176,983
Professional Fundraising Fees$18,132

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Blue Gold$317,687$96,851-$96,851
Pils$49,633$19,045-$19,045
Total Events$527,422$176,983$176,983-
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
Mr Harvey J Anderson IIMarquette TrusteeTechnology PurchasesNo$249,913
Mr Tim M BergstromMarquette TrusteeAutomotive PurchasesNo$182,132
Mr Kevin L FrisingerMarquette TrusteeInvestment FeesNo$120,094
Mr Patrick S LawtonMarquette TrusteeInvestment FeesNo$120,094

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$312,500--
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payable to Beneficiaries Under Split-Interest Agreements$24,016,976
Refundable Federal Loan Grants$3,292,617
Federal income taxes$1,567,262
Postretirement Benefits Payable-

Bond Issues

BondIssuerIssuedIssue PricePurpose
CWhefa 20162016-10-18$96,989,222Various construction projects
AWhefa 20222022-07-12$63,777,733Refunding WHEFA 2012
BWhefa 20192019-10-22$52,142,669Construction project

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
C$96,989,222-$10,885,000$749,787
A$63,777,733-$4,510,000$612,649
B$52,142,669-$11,245,000$458,649

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
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
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
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 III, Section C, Line 19

Governing documents, conflict of interest policy and financial statements are available upon request.

Form 990, Part VII, Section A, Line 2

The university annually pays Jesuit Community at Marquette University, Inc. amounts based on their ongoing relationship, including the service of Jesuits as faculty and staff.

Filing and Contact Details

Filer

Filer Name
Marquette University
EIN
39-0806251
Phone
4142887933
Address
PO Box 1881, Milwaukee, WI 53201-1881

Signing Officer

Name
Ian Gonzalez
Title
Vice President for Finance
Phone
4142887933
Signed
2025-05-08
Discuss with paid preparer
No

Organization Details

Formed
1905
Legal Domicile
Wi
Voting Board Members
30
Independent Board Members
19
Employees
7,963
Volunteers
2,085
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 1

Marquette University is a Catholic, Jesuit university dedicated to serving God by serving our students and contributing to the advancement of knowledge. Our mission, therefore, is the search for truth, the discovery and sharing of knowledge, the fostering of personal and professional excellence, the promotion of a life of faith, and the development of leadership expressed in service to others. All this we pursue for the greater glory of God and the common benefit of the human community.

Form 990, Part III, Line 1

Excellence Our students, whether traditional or non-traditional, undergraduate, graduate or professional, come to Marquette University to share our commitment to the pursuit of excellence in all things as a lifelong endeavor. They come to join acommunity whose members, faculty, staff, students, trustees, alumni and friends alike, believe that education must encompass the whole person spiritual and moral as well as intellectual, the heart as well as the mind. And they come seeking the educational, professional and cultural advantages of a university located in the heart of the city. We, in turn, take seriously our responsibility to foster and support excellence in teaching and research, to keep a Marquette education accessible to a diverse population of students, and to offer personal attention and care to each member of the Marquette community.

Form 990, Part III, Line 1

As a Catholic university, we are committed to the unfettered pursuit of truth under the mutually illuminating powers of human intelligence and Christian faith. Our Catholic identity is expressed in our choices of curricula, our sponsorship of programs and activities devoted to the cultivation of our religious character, our ecumenical outlook, and our support of Catholic beliefs and values. Precisely because Catholicism at its best seeks to be inclusive, we are open to all who share our mission and seek the truth about God and the world, and we are firmly committed to academic freedom as the necessary precondition for that search. We welcome and benefit enormously from the diversity of seekers within our ranks, even as we freely choose and celebrate our own Catholic identity.

Form 990, Part III, Line 1

Leadership As a Jesuit university Marquette embodies the intellectual and religious traditions of the Society of Jesus. Through an academically rigorous, values-centered curriculum, our students receive a firm grounding in the liberal arts, preparation for work in a world of increasing complexity and diversity, and formation for life as ethical and informed leaders in their religious, cultural, professional and civic communities. They work with and learn from faculty who are true teacher-scholars, whose research not only advances the sum of human knowledge, but also informs their teaching, and whose commitment to students is fundamental to their intellectual and professional lives.

Form 990, Part III, Line 1

Service Through both our academic and co-curricular programs, Marquette strives to develop men and women who will dedicate their lives to the service of others, actively entering into the struggle for a more just society. We expect all members of the Marquette community, whatever their faith traditions, to give concrete expression to their beliefs by giving of themselves in service to those in need.

Form 990, Part III, Line 1

Marquette University Guiding Values In accordance with the Catholic, Jesuit mission and vision of Marquette University, we hold that all people and things are created to praise, reverence and serve God in our community and throughout the world, and thus every aspect of the universitys lifeblood and work holds this principle and foundation as its beginning and end. Therefore, we will enact the following values and behaviors in our lives and our work to serve the greater glory of God.

Form 990, Part III, Line 1

Pledge personal and holistic development of students as your primary institutional vocation Pursue academic excellence and educate students who are men and women for and with others throughout the world Embody a spirit of interdisciplinary curiosity, research, innovation, entrepreneurship and application to change and improve ourselves, our community and our world Nurture an inclusive, diverse community that fosters new opportunities, partnerships, collaboration and vigorous yet respectful debate Live as servant leaders with a commitment to the Jesuit tradition and Catholic social teaching for all people, beliefs and faith traditions Create bold, ambitious plans enacted with agility, authentic accountability and a commitment to the greater good.

Form 990, Part III, Line 4D

Program Services Expenses 112,485,077, Grants and Allocations 0, Revenues 111,542,174 Auxiliary Enterprises Expenses 45,727,619, Grants and Allocations 0, Revenue 62,776,465 Research-Expenses 60,869,621, Grants and Allocations 0, Revenue 48,765,709 Public Service Expenses 5,887,837, Grants and Allocations 0, Revenue 0.

Form 990, Part IV, Section A, Line 2

Some trustees serve on the same boards for other non-profit entities.

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

The completed Form 990 was reviewed by the corporate officers and Finance and Risk committtee in April 2025. Complete copies of the Form 990 were then provided to the Board of Trustees in April 2025. The chair of that committee presented the form to the Full Board of Trustees.

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

Trustees and employees are required annually to disclose possible material interests and affiliations

Form 990, Part IV, Section B, Line 15A, 15B

The Executive committee of the Board of Trustees utilizes the following in determining officer and key employee salary increases annual compensation surveys and data from comparable universities performance evaluations employment contracts and input from an independent compensation consultant /surveys as needed.

Form 990, Part XI, Line 9

Other changes in net assets consists of adjustments to allowance for uncollectible pledges, severances and other changes.

Financial Statement Notes

III 1A

The university has various collections of fine arts and rare books in museums, libraries and on loan. The university does not assign or record a value to art works and other collections received as gifts or purchased with contributions restricted for that purpose. Valuations for some collections are updated periodically, and as such, the total value of all fine arts may vary with appraisals and/or auction prices. Accordingly, the value of fine art and other collections has been excluded from the statements of financial position. Proceeds, if any, from deaccessions or insurance recoveries are reflected as increases in the appropriate net asset classes. The art and other collections are subject to a requirement that proceeds from their sales be used to acquire other items for collections. Fine arts are included in insurance coverage for the university property and a separate policy is also secured for fine art of high value and where appraised values are listed. As of June 30, 2024, the specific policy covering high valued works provides for insured coverage of 100,000,000 aggregate limit subject to policy sublimit including 3,000,000 for Joan of Arc chapel for any one loss occurence and includes some appraised items from the library collections.

III 4

The Haggerty Museum serves as a laboratory for learning focused on visual arts by collecting, exhibiting and interpreting works of art in the context of Marquette University and the City of Milwaukee. The Museums exhibitions and educational programs are designed to contribute to transformational life-long learning and enjoyment of the arts.

V 4

Endowment earnings are used for student scholarships, academic program support and general operations.

X 1

The University is exempt from federal income tax under Section 501c3 of the Internal Revenue Code and Section 71.261a of the Wisconsin statutes and is generally not subject to federal and state income taxes. However, the University is subject to income taxes on any income that is derived from a trade or business regularly carried on, and not in furtherance of the purposes for which it was granted exemption.

X 1

The University has adopted FASB ASC Subtopic 740, Income Taxes, related to accounting for uncertainty in income taxes, which prescribes a recognition threshold and measurement of a tax position taken or expected to be taken in a tax return. The interpretation requires that the entity account for and disclose in the financialstatements the impact of a tax position if that position will more likely than not be sustained upon examination based on the technical merits of the position. The University has evaluated the financial statement impact of tax positions taken or expected to be taken and determined it has no uncertain tax position that would require tax assets or liabilities to be recorded in accordance with accounting guidance at June 30, 2024 or2023.

X 1

As of June 30, 2024, the University has a federal tax credit carryforward of 2,250,058 which expires between fiscal years 2033 and 2043.

XI 4B

Tuition discount

XII 4B

Tuition discount

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IRS990/Form990PartVIISectionAGrp/PersonNm32Mr Micky S Minhas
IRS990/Form990PartVIISectionAGrp/PersonNm33Rev Thomas W Neitzke SJ
IRS990/Form990PartVIISectionAGrp/PersonNm34Dr Janis M Orlowski
IRS990/Form990PartVIISectionAGrp/PersonNm35Rev Michael Rozier SJ
IRS990/Form990PartVIISectionAGrp/PersonNm36Mr James P Ryan
IRS990/Form990PartVIISectionAGrp/PersonNm37Rev Nicholas Santos SJ
IRS990/Form990PartVIISectionAGrp/PersonNm38Ms Amy Ford Souders
IRS990/Form990PartVIISectionAGrp/PersonNm39Mr William R Stemper
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IRS990/Form990PartVIISectionAGrp/PersonNm43Mr Thomas H Werner
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IRS990/Form990PartVIISectionAGrp/PersonNm45Hon James A Wynn Jr
IRS990/Form990PartVIISectionAGrp/PersonNm46Rev Michael A Zampelli SJ
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