Civic Intelligence

Augustana University

EIN 46-0224588 • 501(c)3 • Sioux Falls, SD

Profile

Inspired by lutheran scholarly tradition and the liberal arts, augustana provides an education of enduring worth that challenges the intellect, fosters integrity and integrates faith with learning and service in a diverse world.

Refreshing map…

2001 South Summit AvenueSioux Falls, SD 57197-0001

www.augie.edu

Siviq Scores

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

Liabilities / Assets

55th percentile

0.33x

Higher debt load relative to assets than 55% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Liabilities / Revenue

74th percentile

0.97x

Higher debt load relative to revenue than 74% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Net Margin

25th percentile

-2.1%

Higher net margin than 25% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Top Officer Pay

20th percentile

$410,977

Higher top officer pay than 20% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Asset Growth

31st percentile

2.2%

Faster asset growth than 31% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Revenue Growth

17th percentile

-3.1%

Faster revenue growth than 17% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Assets

Up

$361,887,059

Up $7,679,971 (+2.2%) from 2023

Liabilities

Down

$120,045,798

Down $103,257 (-0.1%) from 2023

Net Assets

Up

$241,841,261

Up $7,783,228 (+3.3%) from 2023

Revenue

Down

$123,883,551

Down $3,979,788 (-3.1%) from 2023

Expenses

Up

$126,511,223

Up $15,469,781 (+14%) from 2023

Net Income

Down

-$2,627,672

Down $19,449,569 (-116%) from 2023

Trend Graphs

Balance Sheet Trend

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

$400M$300M$200M$100M$0Assets 2010: $122,910,400Liabilities 2010: $30,782,194Net Assets 2010: $92,128,2062010Assets 2011: $130,059,205Liabilities 2011: $30,438,231Net Assets 2011: $99,620,9742011Assets 2012: $130,023,091Liabilities 2012: $30,927,307Net Assets 2012: $99,095,7842012Assets 2013: $141,131,915Liabilities 2013: $28,634,411Net Assets 2013: $112,497,5042013Assets 2014: $151,568,059Liabilities 2014: $29,909,384Net Assets 2014: $121,658,6752014Assets 2015: $154,921,347Liabilities 2015: $31,807,917Net Assets 2015: $123,113,4302015Assets 2016: $169,925,910Liabilities 2016: $44,541,195Net Assets 2016: $125,384,7152016Assets 2017: $175,792,366Liabilities 2017: $43,709,095Net Assets 2017: $132,083,2712017Assets 2018: $178,688,894Liabilities 2018: $39,597,650Net Assets 2018: $139,091,2442018Assets 2019: $178,836,338Liabilities 2019: $41,048,052Net Assets 2019: $137,788,2862019Assets 2020: $192,354,431Liabilities 2020: $44,852,198Net Assets 2020: $147,502,2332020Assets 2021: $281,200,572Liabilities 2021: $100,194,362Net Assets 2021: $181,006,2102021Assets 2022: $318,945,864Liabilities 2022: $105,606,981Net Assets 2022: $213,338,8832022Assets 2023: $354,207,088Liabilities 2023: $120,149,055Net Assets 2023: $234,058,0332023Assets 2024: $361,887,059Liabilities 2024: $120,045,798Net Assets 2024: $241,841,2612024

Highlighted filing

2024

Assets$361,887,059
Liabilities$120,045,798
Net Assets$241,841,261

Operations Trend

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

$150M$100M$50M$0-$50MExpenses 2010: $57,333,6292010Expenses 2011: $62,140,2172011Expenses 2012: $66,062,5442012Revenue 2013: $78,191,811Expenses 2013: $69,090,077Net Income 2013: $9,101,7342013Revenue 2014: $76,219,163Expenses 2014: $69,477,071Net Income 2014: $6,742,0922014Revenue 2015: $74,241,023Expenses 2015: $71,875,672Net Income 2015: $2,365,3512015Revenue 2016: $80,623,635Expenses 2016: $72,650,021Net Income 2016: $7,973,6142016Revenue 2017: $78,679,366Expenses 2017: $78,282,962Net Income 2017: $396,4042017Revenue 2018: $85,645,314Expenses 2018: $83,769,270Net Income 2018: $1,876,0442018Revenue 2019: $86,890,181Expenses 2019: $86,634,809Net Income 2019: $255,3722019Revenue 2020: $94,697,010Expenses 2020: $87,634,438Net Income 2020: $7,062,5722020Revenue 2021: $99,152,573Expenses 2021: $84,019,530Net Income 2021: $15,133,0432021Revenue 2022: $143,751,717Expenses 2022: $97,979,613Net Income 2022: $45,772,1042022Revenue 2023: $127,863,339Expenses 2023: $111,041,442Net Income 2023: $16,821,8972023Revenue 2024: $123,883,551Expenses 2024: $126,511,223Net Income 2024: -$2,627,6722024

Highlighted filing

2024

Revenue$123,883,551
Expenses$126,511,223
Net Income-$2,627,672

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$362$120$242$124$127$2.63
2023Summary only. Only limited summary data is available for this year.$354$120$234$128$111$16.8
2022Summary only. Only limited summary data is available for this year.$319$106$213$144$98.0$45.8
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$281$100$181$99.2$84.0$15.1
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$192$44.9$148$94.7$87.6$7.06
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$179$41.0$138$86.9$86.6$0.26
2018Summary only. Only limited summary data is available for this year.$179$39.6$139$85.6$83.8$1.88
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$176$43.7$132$78.7$78.3$0.40
2016Detailed filing. Detailed filing data is available for this year.$170$44.5$125$80.6$72.7$7.97
2015Detailed filing. Detailed filing data is available for this year.$155$31.8$123$74.2$71.9$2.37
2014Detailed filing. Detailed filing data is available for this year.$152$29.9$122$76.2$69.5$6.74
2013Summary only. Only limited summary data is available for this year.$141$28.6$112$78.2$69.1$9.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$130$30.9$99.1$66.1
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$130$30.4$99.6$62.1
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$123$30.8$92.1$57.3
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Aug 1, 2023 to Jul 31, 2024
Signed
Jun 12, 2025
Return Version
2023v6.0
Gross Receipts
$157,633,310
Mission and Program Overview

Mission

Inspired by lutheran scholarly tradition and the liberal arts, augustana provides an education of enduring worth that challenges the intellect, fosters integrity and integrates faith with learning and service in a diverse world.

A four-year liberal arts university affiliated with the evangelical lutheran church.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$162,364,370$191,209,276▲ $28,844,906
Investments in Publicly Traded Securities$86,451,213$97,692,854▲ $11,241,641
Investments Other Securities$26,155,835$28,144,506▲ $1,988,671
Pledges and Grants Receivable$26,537,880$23,203,949▼ $3,333,931
Savings and Temporary Cash Investments$32,130,082$8,533,162▼ $23,596,920
Cash and Non-Interest-Bearing Accounts$11,798,134$6,541,404▼ $5,256,730
Accounts Receivable$5,155,273$3,517,188▼ $1,638,085
Investments Program Related$1,801,989$1,325,194▼ $476,795
Prepaid Expenses and Deferred Charges$1,140,389$1,136,304▼ $4,085
Inventories for Sale or Use$127,291$110,972▼ $16,319
Total Assets$354,207,088$361,887,059▲ $7,679,971
Other Assets Total$544,632$472,250▼ $72,382
Liabilities
Tax Exempt Bond Liabilities$74,239,089$74,139,113▼ $99,976
Mortgage Notes Payable Secured by Investment Property$21,817,564$24,717,107▲ $2,899,543
Accounts Payable and Accrued Expenses$11,960,063$8,110,775▼ $3,849,288
Deferred Revenue$5,767,082$6,840,456▲ $1,073,374
Grants Payable$3,600,756$3,214,485▼ $386,271
Other Liabilities$2,063,503$2,044,346▼ $19,157
Escrow Account Liability$700,998$979,516▲ $278,518
Total Liabilities$120,149,055$120,045,798▼ $103,257
Net Assets / Fund Balance
Net Assets With Donor Restrictions$159,496,196$160,875,281▲ $1,379,085
Net Assets Without Donor Restrictions$74,561,837$80,965,980▲ $6,404,143
Total Net Assets Fund Balance$234,058,033$241,841,261▲ $7,783,228
Total Liabilities and Net Assets / Fund Balance$354,207,088$361,887,059▲ $7,679,971

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$171,231,072$64,681,212$235,912,284
Equipment$5,494,742$12,923,879$18,418,621
Leasehold Improvements$10,357,205$5,347,147$15,704,352
Other Land Buildings$3,140,880-$3,140,880
Land$985,377-$985,377
Other Securities$4,029,015--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$115,273,478$4,055,813▲ $13,167,189-$126,552,473
2022$108,384,198$5,067,851▲ $7,110,409-$115,273,478
2021$114,087,452$5,960,623▼ $6,658,198-$108,384,198
2020$92,324,562$3,185,189▲ $23,553,768-$114,087,452
2019$89,799,218$2,704,650▲ $4,536,438-$92,324,562
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stephanie Herseth SandlinPresidentFT$359,510$51,467$410,977
Garrett RaboinHead Hockey CoachFT$222,998$34,202$257,200
Shannan NelsonCFOFT$192,244$31,226$223,470
Pamela HomanChief Strategy OfficerFT$170,086$25,745$195,831
Matthew VolanskyDir, Dpt ProgramFT$159,200$9,540$168,740
Jodi DehliHr Global Compliance SpecialistFT$144,845$20,724$165,569
Joel JohnsonProvostFT$131,248$30,312$161,560

Highest Paid Contractors

ContractorServicesLocationCompensation
Clark ConstructionConstruction Services7500 OLD GEORGETOWN RD UNIT 7TH, Bethesda, MD 20814$44,595,487
Sodexo INCFood Service2001 S SUMMIT AVENUE, Sioux Falls, SD 57197$5,266,925
Mortenson DevelopmentConstruction Services700 MEADOW LN N, Minneapolis, MN 55422$1,592,063
Champion Contractors And ServicesConstruction Services2300 GREENHILL DR STE 600, Round Rock, TX 78664$1,331,805
Yard BarbersLawn ServicesPO BOX 280, Tea, SD 57064$592,293
Revenue and Support

Revenue Composition

Contributions and Grants
$24,918,991
Program Service Revenue
$95,409,280
Investment Income
$3,671,614
Other Revenue
$-116,334
All Other Contributions
$22,802,749
Change in Net Assets
$-2,627,672

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded8$2,043,370Ave Hi/lo on Gift Date
Total Noncash Contributions8$2,043,370-

Audited Revenue Reconciliation

Revenue per Audited Statements
$75,887,881
Revenue Not Reported on Financial Statements
$47,995,670
Revenue Not Reported on Form 990
$11,327,001
Other Revenue Adjustments
$47,811,276
Total Revenue per Audited Statements
$87,214,882
Total Revenue per Form 990
$123,883,551
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$47,811,276
Salaries, Compensation, and Employee Benefits$41,377,043
Other Expenses$37,322,904
Total Fundraising Expense$2,278,693
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$45,459,643--$45,459,643
Other Salaries and Wages$26,706,907$3,668,078$938,591$31,313,576
Depreciation Depletion$7,002,614$497,603$26,190$7,526,407
Other Employee Benefits$4,533,338$1,020,898$225,501$5,779,737
Interest$3,517,257$718,931-$4,236,188
Fees for Services Other$2,486,256$1,189,334$160,400$3,835,990
Travel$2,741,681$119,600$38,359$2,899,640
Occupancy$2,085,757$540,248$23,332$2,649,337
Foreign Grants$2,351,633--$2,351,633
Payroll Taxes$1,733,318$322,808$82,476$2,138,602
All Other Expenses$1,335,270$451,550$72,585$1,859,405
Pension Plan Contributions$1,179,737$172,496$53,153$1,405,386
Information Technology$930,870$81,354$111,412$1,123,636
Insurance$357,018$586,829$2,755$946,602
Current Officers, Directors, Trustees, and Key Employees-$509,601$230,141$739,742
Conferences and Meetings$598,462$68,822$18,298$685,582
Office Expenses$345,766$145,789$38,107$529,662
Advertising$310,043$106,327$56,600$472,970
Other Expenses$284,294$19,219$3,123$303,513
Fees for Service Investment Mgmnt Fees-$184,394-$184,394
Fees for Services Accounting-$78,220-$78,220
Fees for Services Legal$3,106$48,892-$51,998
Fees for Services Lobbying$5,125--$5,125
Total Functional Expenses$113,093,501$11,139,029$2,278,693$126,511,223

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$126,511,223
Total Expenses per Audited Statements$79,431,654
Expenses per Audited Statements$78,515,553
Expenses Not Reported on Financial Statements$47,995,670
Other Expense Adjustments$47,811,276
Expenses Not Reported on Form 990$916,101
International Activity

International Summary

Offices
0
Employees
0
Spending
$12,963,175

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
Central America and the CaribbeanInvestmentsN/a00$5,461,931
Europe (including Iceland & Greenland)InvestmentsN/a00$5,149,611
East Asia and the PacificGrants to RecipientsFinancial Aid00$757,286
South AsiaGrants to RecipientsFinancial Aid00$679,656
South AmericaGrants to RecipientsFinancial Aid00$317,652
North AmericaGrants to RecipientsFinancial Aid00$267,573
Central America and the CaribbeanGrants to RecipientsFinancial Aid00$152,606
Europe (including Iceland & Greenland)Grants to RecipientsFinancial Aid00$139,360
Middle East and North AfricaGrants to RecipientsFinancial Aid00$25,000
Russia and Neighboring StatesGrants to RecipientsFinancial Aid00$12,500
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$212,919
Fundraising Direct Expenses$105,467
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Booster Auction$145,275$86,997$19,391$67,606
Football Golf Tourney$58,147$57,647$4,747$52,900
Total Events$286,466$204,905$97,804$107,101
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No

Reported Spending and Taxes

Line ItemAmount
Political Expenditures$0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Annuity Obligations$1,571,692
Lease Liability$472,654

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACounty of Lincoln South Dakota2021-05-11$75,969,441Construction, equip student housing, infrastructure, and refund prior bonds

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$76,769,933$20,970,925-$1,505,406

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
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 A, Line 1A

Chairs of board committes and the board officers are on an executive committee that can be called upon to make decisions between board meetings, if needed.

Form 990, Part VI, Section A, Line 6

The augustana university association is affiliated with the evangelical lutheran church in america (elca). The congregational members of the association consist of all elca congregations in the south dakota synod, nebraska synod, southwestern minnesota synod and western iowa synod.

Form 990, Part VI, Section A, Line 7A

The voting members of the association consist of 160 delegates- 40 delegates from each of the four supporting synods - and all elected members for the board of trustees. Each synod may develop its own process for electing or appointing voting delegates provided that each elca designated conference or cluster within the synod is represented by a minimum of one clergy delegate and one lay delegate.

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

Board members are given access to the full return on their web portal and given a certain length of time to provide comments priior to filing the return with the irs.

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

The university has a conflict of interest policy and all officers, directors and key employees are required to annually file a statement regarding potential conflicts and disclosing any potential issues. When a trustee believes that he or she may have either an actual or perceived conflict with regard to a particular decision to be made by the trustees, that trustee will advise the other trustees and the president of the university about the actual or potential conflict and refrain from voting on the issue and the minutes of the meeting shall indicate that the trustee made a disclosure regarding an actual or potential conflict and that the trustee abstained from voting.

Form 990, Part VI, Section B, Line 15

Compensation is calculated within budget constraints using a variety of data gathering tools. National average and median salary information is collected along with average and median information from institutions of similar size and purpose. Amounts are approved through a budgeting process and are then brought before the board of trustees subcommittees, and ultimately the board of trustees for approval. In their supervisory role over the president, the executive committee of the board of trustees invests specific time studying these numbers in regard to the president's salary. Their recommendation is used to convey the president's contract amount to the vice president for human resources each year. This process last occurred in 2023.

Form 990, Part VI, Section C, Line 19

The university makes its governing documents, conflict of interest policy and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Augustana University Association
EIN
46-0224588
Phone
6052744090
Address
2001 SOUTH SUMMIT AVENUE, SIOUX FALLS, SD 57197-0001
Doing Business As
Augustana University

Signing Officer

Name
Shannan Nelson
Title
CFO
Phone
6052744090
Signed
2025-06-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephanie Herseth Sandlin
Formed
1860
Legal Domicile
Sd
Voting Board Members
25
Independent Board Members
25
Employees
1,702
Volunteers
1,575

Preparer

Firm
Cliftonlarsonallen Llp
Address
220 S 6TH STREET SUITE 300, MINNEAPOLIS, MN 55402
Preparer
Ann Neil
Phone
6123764500
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Actuarial adjustment for annuities payable -350,498.

FORM 990, PART XIII, LINE 2C:

No changes to the audit oversight process from prior year.

Financial Statement Notes

PART III, LINE 4:

The collection consists of six paintings of historical events that are available for public viewing.

PART IV, LINE 2B:

Funds held in custody for others include the estimated liability under variable charitable trusts and funds held under agency relationships.

PART V, LINE 4:

The endowment funds were established for a variety of purposes, primarily related to scholarships and to supplement salary and expense budgets.

PART X, LINE 2:

The internal revenue service has determined that augustana is exempt from federal income taxes under section 501(c)(3) of the internal revenue code. As such, augustana is subject to federal income taxes only on any unrelated income under section 511 of the code. Augustana follows the guidance on accounting for uncertainty in income taxes. Management evaluated augustana's tax positions and concluded that augustana had taken no uncertain tax positions that require adjustment to the financial statements to comply with the provisions of this guidance. Augustana files an informational 990 tax return in the u.s. Federal jurisdiction. Augustana has no federal or state examinations currently in progress.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Cost of goods sold 1,655. Special event expenses 105,467. Rental expenses 458,481.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Scholarships and grants 47,811,276.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Special event expenses 105,467. Cost of goods sold 1,655. Rental expenses 458,481. Actuarial adjustment for annuities payable 350,498.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Scholarships and grants 47,811,276.

Raw XML AppendixShowing 400 of 1,307 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
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IRS990/AccountsReceivableGrp/EOYAmt03517188
IRS990/ActivitiesConductedPrtshpInd00
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IRS990/AllOtherContributionsAmt022802749
IRS990/AllOtherExpensesGrp/FundraisingAmt072585
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0451550
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IRS990/BooksInCareOfDetail/PhoneNum06052744090
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02001 S SUMMIT AVE
IRS990/BooksInCareOfDetail/USAddress/CityNm0SIOUX FALLS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0SD
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IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
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IRS990/Desc0HIGHER EDUCATION INSTRUCTION: INCLUDES MORE THAN 50 ACADEMIC MAJORS AND PRE-PROFESSIONAL SPECIALIZATIONS THAT PREPARE STUDENTS FOR EVENTUAL EMPLOYMENT IN BUSINESS AND FINANCE, HEALTH CARE, EDUCATION AND SOCIAL SERVICE AND FOR GRADUATE STUDIES IN LAW AND MEDICINE. AN HONORS PROGRAM, STUDY ABROAD, SERVICE LEARNING AND UNDERGRADUATE RESEARCH OPPORTUNITIES SUPPLEMENT FORMAL CLASSROOM AND LABORATORY INSTRUCTION. APPROXIMATELY 1,850 STUDENTS ARE SERVED ANNUALLY BY A FACULTY OF 150 FULL- AND PART-TIME PROFESSORS.AUGUSTANA UNIVERSITY OFFERS STUDENTS OF VARYING BACKGROUNDS AND INTERESTS AN EDUCATION THAT COMBINES A BROAD FOUNDATION IN THE LIBERAL ARTS WITH PREPARATION FOR PROFESSIONAL CAREERS OR ADVANCED STUDY.
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