Civic Intelligence

Drury University

990 • Fiscal year 2014 • EIN 44-0552049

Jun 01, 2013 to May 31, 2014 • Filed on Jan 14, 2015

900 N Benton65802

(417) 873-7879

Siviq Scores

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

Liabilities / Assets

44th percentile

0.27x

Higher debt load relative to assets than 44% of similar nonprofits.

2014 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2014

Liabilities / Revenue

62nd percentile

0.67x

Higher debt load relative to revenue than 62% of similar nonprofits.

2014 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2014

Net Margin

41st percentile

3.2%

Higher net margin than 41% of similar nonprofits.

2014 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2014

Top Officer Pay

8th percentile

$169,817

Higher top officer pay than 8% of similar nonprofits.

Top officer pay equals 0.2% of source-year revenue.

2014 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2014

Asset Growth

22nd percentile

-0.2%

Faster asset growth than 22% of similar nonprofits.

2014 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

Down

$182,872,337

Down $292,251 (-0.2%) from 2013

Net Assets

Up

$133,391,029

Up $4,962,593 (+3.9%) from 2013

Liabilities

Down

$49,481,308

Down $5,254,844 (-9.6%) from 2013

Revenue

$73,343,866

No earlier filing loaded for comparison.

Expenses

Down

$70,996,778

Down $3,228,717 (-4.3%) from 2013

Net Income

$2,347,088

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$300M$200M$100M$0Assets 2010: $168,923,198Liabilities 2010: $48,476,810Net Assets 2010: $120,446,3882010Assets 2011: $178,370,285Liabilities 2011: $51,024,355Net Assets 2011: $127,345,9302011Assets 2012: $174,904,718Liabilities 2012: $54,936,442Net Assets 2012: $119,968,2762012Assets 2013: $183,164,588Liabilities 2013: $54,736,152Net Assets 2013: $128,428,4362013Assets 2014: $182,872,337Liabilities 2014: $49,481,308Net Assets 2014: $133,391,0292014Assets 2015: $182,431,277Liabilities 2015: $49,653,333Net Assets 2015: $132,777,9442015Assets 2016: $173,684,557Liabilities 2016: $49,515,522Net Assets 2016: $124,169,0352016Assets 2017: $177,268,270Liabilities 2017: $48,734,696Net Assets 2017: $128,533,5742017Assets 2018: $186,715,050Liabilities 2018: $46,362,166Net Assets 2018: $140,352,8842018Assets 2019: $188,773,005Liabilities 2019: $47,276,095Net Assets 2019: $141,496,9102019Assets 2020: $191,842,242Liabilities 2020: $52,703,662Net Assets 2020: $139,138,5802020Assets 2021: $205,842,663Liabilities 2021: $48,375,800Net Assets 2021: $157,466,8632021Assets 2022: $197,297,672Liabilities 2022: $50,976,627Net Assets 2022: $146,321,0452022Assets 2023: $195,692,693Liabilities 2023: $54,638,974Net Assets 2023: $141,053,7192023

Highlighted filing

2014

Assets$182,872,337
Liabilities$49,481,308
Net Assets$133,391,029

Operations Trend

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

$150M$100M$50M$0-$50MExpenses 2010: $66,885,3902010Expenses 2011: $73,072,1392011Expenses 2012: $77,148,6442012Expenses 2013: $74,225,4952013Revenue 2014: $73,343,866Expenses 2014: $70,996,778Net Income 2014: $2,347,0882014Revenue 2015: $70,368,650Expenses 2015: $70,141,029Net Income 2015: $227,6212015Revenue 2016: $66,435,685Expenses 2016: $67,406,610Net Income 2016: -$970,9252016Revenue 2017: $67,596,498Expenses 2017: $64,770,647Net Income 2017: $2,825,8512017Revenue 2018: $79,182,750Expenses 2018: $71,521,975Net Income 2018: $7,660,7752018Revenue 2019: $80,819,060Expenses 2019: $77,593,564Net Income 2019: $3,225,4962019Revenue 2020: $81,419,258Expenses 2020: $78,315,207Net Income 2020: $3,104,0512020Revenue 2021: $78,437,855Expenses 2021: $73,599,288Net Income 2021: $4,838,5672021Revenue 2022: $75,721,067Expenses 2022: $79,458,002Net Income 2022: -$3,736,9352022Revenue 2023: $114,796,256Expenses 2023: $86,005,263Net Income 2023: $28,790,9932023

Highlighted filing

2014

Revenue$73,343,866
Expenses$70,996,778
Net Income$2,347,088
Jump To
Filing Snapshot
Filing Period
Jun 1, 2013 to May 31, 2014
Signed
Jan 14, 2015
Return Version
2013v4.0
Gross Receipts
$79,456,775
Mission and Program Overview

Mission

Drury University is an independent university, church-related, grounded in the liberal arts tradition and committed to personalized education in a community of scholars who value the arts of teaching and learning. (Continued on Schedule O)

To promote and support higher education both within the University and through the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$90,082,307$88,912,041▼ $1,170,266
Investments in Publicly Traded Securities$42,559,339$48,131,828▲ $5,572,489
Investments Other Securities$19,118,113$20,002,777▲ $884,664
Savings and Temporary Cash Investments$19,336,467$15,548,168▼ $3,788,299
Pledges and Grants Receivable$3,612,687$2,682,648▼ $930,039
Other Notes and Loans Receivable, Net$2,084,266$2,560,364▲ $476,098
Cash and Non-Interest-Bearing Accounts$2,254,671$2,065,548▼ $189,123
Accounts Receivable$2,612,462$1,911,787▼ $700,675
Prepaid Expenses and Deferred Charges$1,171,319$757,482▼ $413,837
Inventories for Sale or Use$332,957$299,694▼ $33,263
Total Assets$183,164,588$182,872,337▼ $292,251
Liabilities
Mortgage Notes Payable Secured by Investment Property$45,510,721$40,573,491▼ $4,937,230
Accounts Payable and Accrued Expenses$5,107,051$4,869,399▼ $237,652
Other Liabilities$3,436,641$3,315,859▼ $120,782
Deferred Revenue$681,739$722,559▲ $40,820
Total Liabilities$54,736,152$49,481,308▼ $5,254,844
Net Assets / Fund Balance
Unrestricted Net Assets$67,956,703$70,597,237▲ $2,640,534
Permanently Rstr Net Assets$56,191,530$56,613,887▲ $422,357
Temporarily Rstr Net Assets$4,280,203$6,179,905▲ $1,899,702
Total Net Assets Fund Balance$128,428,436$133,391,029▲ $4,962,593
Total Liabilities and Net Assets / Fund Balance$183,164,588$182,872,337▼ $292,251

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$77,809,791$50,431,139$128,240,930
Land$11,102,250-$5,065,250
Other Securities$13,958,441--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$80,659,589$848,302▲ $7,799,539-$86,604,221
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Charles TaylorVice-President for Academic AffairsFT$153,661$16,156$169,817
David ManuelPresidentFT$142,000$15,340$157,340
Michael ShirleyDepartment Chair/InstructorFT$140,000$15,200$155,200
Dawn HilesFormer VPFT$135,952$14,917$150,869
Peter RadeckiFormer VPFT$135,456$14,882$150,338
Penny ClaytonInstructorFT$144,557$5,400$149,957
Tijuana JulianVice-President for Student AffairsFT$140,978$5,400$146,378
Sidney ScorseVice-President for Administration and TechnologyFT$131,931$5,400$137,331
Rabindra RoyInstructorFT$131,405$5,400$136,805
Maurizio SabiniDepartment Chair/InstructorFT$128,400$5,400$133,800
Kelley StillInstructorFT$123,314$5,400$128,714
Ben ParnellFormer PresidentFT$114,665$13,427$128,092
Robert FridgeChief Financial OfficerFT$112,949$5,400$118,349

Highest Paid Contractors

ContractorServicesLocationCompensation
Aladdin Food Managemen LLCFood Service-$1,608,813
Kenmar ConstructionConstruction-$1,060,740
Jenzabar IncComputer Software-$588,278
KC Gunite IncConstruction-$251,540
Gold MechanicalConstruction-$230,860
Revenue and Support

Revenue Composition

Contributions and Grants
$5,032,731
Program Service Revenue
$62,262,661
Investment Income
$5,702,895
Other Revenue
$345,579
Change in Net Assets
$2,347,088

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded6$88,549Selling Price
Total Noncash Contributions6$88,549-

Audited Revenue Reconciliation

Revenue per Audited Statements
$61,137,484
Revenue Not Reported on Financial Statements
$12,206,382
Revenue Not Reported on Form 990
$-4,072,198
Other Revenue Adjustments
$12,206,382
Total Revenue per Audited Statements
$57,065,286
Total Revenue per Form 990
$73,343,866
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$33,393,129
Other Expenses$20,829,383
Grants and Similar Amounts Paid$16,774,266
Total Fundraising Expense$902,715
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$22,968,615$2,490,282$505,818$25,964,715
Grants to Domestic Individuals$16,774,266--$16,774,266
Other Employee Benefits$4,239,023$535,968$97,449$4,872,440
Depreciation Depletion$3,605,986$606,926-$4,212,912
Occupancy$3,177,585$44,312$272$3,222,169
Information Technology$913,357$894,011$89,017$1,896,385
Interest-$1,853,887-$1,853,887
Payroll Taxes$1,607,666$210,686$35,407$1,853,759
Fees for Services Management$1,391,833--$1,391,833
Office Expenses$730,534$80,677$41,212$852,423
Travel$748,657$39,539$12,549$800,745
Current Officers, Directors, Trustees, and Key Employees$305,395$396,820-$702,215
Insurance$295,216$392,778-$687,994
Advertising$439,207$146,399$54,206$639,812
Other Expenses$207,794$213,388$1,455$422,637
Fees for Service Investment Mgmnt Fees-$345,441-$345,441
Fees for Services Other$179,061--$179,061
Fees for Services Legal$6,484$144,869-$151,353
All Other Expenses$129,424$4,291-$133,715
Fees for Services Accounting-$46,440-$46,440
Total Functional Expenses$61,006,884$9,087,179$902,715$70,996,778

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$70,996,778
Total Expenses per Audited Statements$56,179,614
Expenses per Audited Statements$55,701,503
Expenses Not Reported on Financial Statements$15,295,275
Other Expense Adjustments$15,295,275
Expenses Not Reported on Form 990$478,111
International Activity

International Summary

Offices
1
Employees
3
Spending
$380,453

International Compliance

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
Europe (Including Iceland & Greenland)Program ServicesEducation13$380,453
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$848,302---
Total Events$4,096,439---
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Doug PittBusinessServiceNo$290,825
William HartBusinessServiceNo$112,339
George ThompsonFamily MemberEmploymentNo$41,250
Thomas WarrenFamily MemberEmploymentNo$23,737
Thomas StoutBusinessServiceNo$8,554
Rosalie WootenBusinessServiceNo$5,914
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Annuities Payable$1,791,659
Loan Fund Payable$899,006
Funds Held for Others$625,194

Bond Issues

BondIssuerIssuedIssue PricePurpose
A43-11789662012-03-08$33,595,000Campus Building Projects
B43-11789662013-04-25$3,500,000Revenue Anticipation

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$33,595,000-$550,000$586,592
B--$3,500,000$23,112

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 family members
Yes
Business relationship with organization members
No
Material changes to governing documents
Yes
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 A, line 4

Reduced the number of trustees.

Form 990, Part VI, Section B, line 11

Prior to filing the form 990 with the IRS, a copy of the entire return is uploaded to the Drury University Board of Trustees website for their review and comments.

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

The conflict of interest statements are completed annually and reviewed.

Form 990, Part VI, Section B, line 15

The Chairman of the Board compares the President's compensation through various industry resources, then the President's compensation is reviewed, discussed, deliberated and approved by the Board of Trustees. The President works with the Human Resources Department to compare officers' compensation with various industry resources and reviews along with performance appraisals for appropriate action.

Form 990, Part VI, Section C, line 19

Some documents and information are made available on various websites, request for information with be evaluated.

Filing and Contact Details

Filer

EIN
44-0552049
Phone
4178737879

Signing Officer

Name
Bill Scorse
Title
VP of Administration
Phone
4178737214
Signed
2015-01-14

Organization Details

Principal Officer
Bill Scorse
Formed
1873
Legal Domicile
Mo
Voting Board Members
32
Independent Board Members
32
Employees
1,843
Volunteers
500
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

Gain in value of interest rate swap agreement 459,074. Other Adjustments -531,510.

Form 990, Part XII, Line 2C:

Audit Committee

Financial Statement Notes

Part XI, Line 2D - Other Adjustments:

Expenses in revenue section and other -4,072,198.

Part XI, Line 4B - Other Adjustments:

Expenses in revenue section and other 12,206,382.

Part XII, Line 2D - Other Adjustments:

Expenses in revenue section and other 478,111.

Part XII, Line 4B - Other Adjustments:

Expenses in revenue section and other 15,295,275.

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IRS990/Form990PartVIISectionAGrp/PersonNm1Jan Baumgartner
IRS990/Form990PartVIISectionAGrp/PersonNm2James Bone
IRS990/Form990PartVIISectionAGrp/PersonNm3Jane Brite
IRS990/Form990PartVIISectionAGrp/PersonNm4Diana Bugg
IRS990/Form990PartVIISectionAGrp/PersonNm5Kenneth Carter
IRS990/Form990PartVIISectionAGrp/PersonNm6Phillip Caster
IRS990/Form990PartVIISectionAGrp/PersonNm7Lynn Chipperfield
IRS990/Form990PartVIISectionAGrp/PersonNm8Robert Cox Jr
IRS990/Form990PartVIISectionAGrp/PersonNm9Jack Delo
IRS990/Form990PartVIISectionAGrp/PersonNm10Steve Edward
IRS990/Form990PartVIISectionAGrp/PersonNm11Ilene Gipson
IRS990/Form990PartVIISectionAGrp/PersonNm12William Hart
IRS990/Form990PartVIISectionAGrp/PersonNm13Susie Henry
IRS990/Form990PartVIISectionAGrp/PersonNm14Tom Kellogg
IRS990/Form990PartVIISectionAGrp/PersonNm15Thomas W Lynch
IRS990/Form990PartVIISectionAGrp/PersonNm16Thomas McAlear
IRS990/Form990PartVIISectionAGrp/PersonNm17Matt Negri
IRS990/Form990PartVIISectionAGrp/PersonNm18Ronald Neville
IRS990/Form990PartVIISectionAGrp/PersonNm19Beth Pile
IRS990/Form990PartVIISectionAGrp/PersonNm20Doug Pitt
IRS990/Form990PartVIISectionAGrp/PersonNm21Kirk Presley
IRS990/Form990PartVIISectionAGrp/PersonNm22Terry Reynolds
IRS990/Form990PartVIISectionAGrp/PersonNm23John W Ricketts
IRS990/Form990PartVIISectionAGrp/PersonNm24Norm Ridder
IRS990/Form990PartVIISectionAGrp/PersonNm25Andi Solaiman
IRS990/Form990PartVIISectionAGrp/PersonNm26Thomas Stout
IRS990/Form990PartVIISectionAGrp/PersonNm27George Thompson
IRS990/Form990PartVIISectionAGrp/PersonNm28John Twitty
IRS990/Form990PartVIISectionAGrp/PersonNm29William Vaughan
IRS990/Form990PartVIISectionAGrp/PersonNm30Thomas Warren
IRS990/Form990PartVIISectionAGrp/PersonNm31Rosalie Wooten
IRS990/Form990PartVIISectionAGrp/PersonNm32Robert Fridge
IRS990/Form990PartVIISectionAGrp/PersonNm33Tijuana Julian
IRS990/Form990PartVIISectionAGrp/PersonNm34David Manuel
IRS990/Form990PartVIISectionAGrp/PersonNm35Sidney Scorse
IRS990/Form990PartVIISectionAGrp/PersonNm36Charles Taylor
IRS990/Form990PartVIISectionAGrp/PersonNm37Penny Clayton
IRS990/Form990PartVIISectionAGrp/PersonNm38Rabindra Roy
IRS990/Form990PartVIISectionAGrp/PersonNm39Maurizio Sabini
IRS990/Form990PartVIISectionAGrp/PersonNm40Michael Shirley
IRS990/Form990PartVIISectionAGrp/PersonNm41Kelley Still
IRS990/Form990PartVIISectionAGrp/PersonNm42Dawn Hiles
IRS990/Form990PartVIISectionAGrp/PersonNm43Ben Parnell
IRS990/Form990PartVIISectionAGrp/PersonNm44Peter Radecki
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Trustee

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$196$54.6$141$115$86.0$28.8
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$197$51.0$146$75.7$79.5$3.74
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$206$48.4$157$78.4$73.6$4.84
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$192$52.7$139$81.4$78.3$3.10
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$189$47.3$141$80.8$77.6$3.23
2018Summary only. Only limited summary data is available for this year.$187$46.4$140$79.2$71.5$7.66
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$177$48.7$129$67.6$64.8$2.83
2016Detailed filing. Detailed filing data is available for this year.$174$49.5$124$66.4$67.4$0.97
2015Detailed filing. Detailed filing data is available for this year.$182$49.7$133$70.4$70.1$0.23
2014Detailed filing. Detailed filing data is available for this year.$183$49.5$133$73.3$71.0$2.35
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$183$54.7$128$74.2
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$175$54.9$120$77.1
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$178$51.0$127$73.1
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$169$48.5$120$66.9
Peer Organizations

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