Civic Intelligence

Mcdaniel College Inc

EIN 52-0591694 • 501(c)3 • Westminster, MD

Profile

Mcdaniel college is a diverse student-centered community committed to excellence in the liberal arts & sciences and professional studies with careful mentoring and attention to the individual. Mcdaniel changes lives. We challenge students to develop their unique potential with reason, imagination, and human concern, through flexible academic programs, collaborative and experiential learning, and global engagement, mcdaniel prepares students for successful lives of leadership, service, and social responsibility,

2 College HillWestminster, MD 21157-4303

www.mcdaniel.edu

Siviq Scores

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

Liabilities / Assets

36th percentile

0.17x

Higher debt load relative to assets than 36% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2025

Liabilities / Revenue

34th percentile

0.30x

Higher debt load relative to revenue than 34% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2025

Net Margin

78th percentile

18%

Higher net margin than 78% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2025

Top Officer Pay

26th percentile

$481,310

Higher top officer pay than 26% of similar nonprofits.

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

501(c)3 • $250M-$1B nonprofits • Source year 2025

Asset Growth

80th percentile

14%

Faster asset growth than 80% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2024 to 2025

Revenue Growth

80th percentile

25%

Faster revenue growth than 80% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2024 to 2025

Assets

Up

$283,578,807

Up $35,788,394 (+14%) from 2024

Liabilities

Down

$49,128,807

Down $149,714 (-0.3%) from 2024

Net Assets

Up

$234,450,000

Up $35,938,108 (+18%) from 2024

Revenue

Up

$163,017,939

Up $32,812,904 (+25%) from 2024

Expenses

Up

$133,979,013

Up $3,813,868 (+2.9%) from 2024

Net Income

Up

$29,038,926

Up $28,999,036 (+72698%) from 2024

Trend Graphs

Balance Sheet Trend

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

$300M$200M$100M$0Assets 2010: $196,635,061Liabilities 2010: $84,448,251Net Assets 2010: $112,186,8102010Assets 2011: $209,196,906Liabilities 2011: $83,457,126Net Assets 2011: $125,739,7802011Assets 2012: $203,569,463Liabilities 2012: $83,220,909Net Assets 2012: $120,348,5542012Assets 2013: $198,705,308Liabilities 2013: $68,015,855Net Assets 2013: $130,689,4532013Assets 2014: $210,308,630Liabilities 2014: $65,450,275Net Assets 2014: $144,858,3552014Assets 2015: $207,699,623Liabilities 2015: $63,581,633Net Assets 2015: $144,117,9902015Assets 2016: $201,376,145Liabilities 2016: $64,594,861Net Assets 2016: $136,781,2842016Assets 2017: $209,284,297Liabilities 2017: $62,933,160Net Assets 2017: $146,351,1372017Assets 2018: $217,345,854Liabilities 2018: $60,869,942Net Assets 2018: $156,475,9122018Assets 2019: $219,836,698Liabilities 2019: $62,535,446Net Assets 2019: $157,301,2522019Assets 2020: $217,534,229Liabilities 2020: $65,178,485Net Assets 2020: $152,355,7442020Assets 2021: $259,992,859Liabilities 2021: $63,376,965Net Assets 2021: $196,615,8942021Assets 2022: $236,481,387Liabilities 2022: $57,241,236Net Assets 2022: $179,240,1512022Assets 2023: $228,894,809Liabilities 2023: $51,898,909Net Assets 2023: $176,995,9002023Assets 2024: $247,790,413Liabilities 2024: $49,278,521Net Assets 2024: $198,511,8922024Assets 2025: $283,578,807Liabilities 2025: $49,128,807Net Assets 2025: $234,450,0002025

Highlighted filing

2025

Assets$283,578,807
Liabilities$49,128,807
Net Assets$234,450,000

Operations Trend

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

$200M$150M$100M$50M$0-$50MExpenses 2010: $84,729,2972010Expenses 2011: $85,372,7172011Expenses 2012: $88,804,3612012Expenses 2013: $91,781,7102013Revenue 2014: $101,005,579Expenses 2014: $95,498,022Net Income 2014: $5,507,5572014Revenue 2015: $102,718,959Expenses 2015: $100,652,649Net Income 2015: $2,066,3102015Revenue 2016: $98,903,378Expenses 2016: $99,292,342Net Income 2016: -$388,9642016Revenue 2017: $99,326,928Expenses 2017: $100,997,164Net Income 2017: -$1,670,2362017Revenue 2018: $106,680,305Expenses 2018: $103,854,471Net Income 2018: $2,825,8342018Revenue 2019: $112,607,930Expenses 2019: $104,427,469Net Income 2019: $8,180,4612019Revenue 2020: $113,872,650Expenses 2020: $115,230,241Net Income 2020: -$1,357,5912020Revenue 2021: $122,423,493Expenses 2021: $120,249,523Net Income 2021: $2,173,9702021Revenue 2022: $131,683,953Expenses 2022: $128,880,474Net Income 2022: $2,803,4792022Revenue 2023: $127,413,498Expenses 2023: $129,570,108Net Income 2023: -$2,156,6102023Revenue 2024: $130,205,035Expenses 2024: $130,165,145Net Income 2024: $39,8902024Revenue 2025: $163,017,939Expenses 2025: $133,979,013Net Income 2025: $29,038,9262025

Highlighted filing

2025

Revenue$163,017,939
Expenses$133,979,013
Net Income$29,038,926

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$284$49.1$234$163$134$29.0
2024Detailed filing. Detailed filing data is available for this year.$248$49.3$199$130$130$0.04
2023Detailed filing. Detailed filing data is available for this year.$229$51.9$177$127$130$2.16
2022Detailed filing. Detailed filing data is available for this year.$236$57.2$179$132$129$2.80
2021Detailed filing. Detailed filing data is available for this year.$260$63.4$197$122$120$2.17
2020Detailed filing. Detailed filing data is available for this year.$218$65.2$152$114$115$1.36
2019Summary only. Only limited summary data is available for this year.$220$62.5$157$113$104$8.18
2018Detailed filing. Detailed filing data is available for this year.$217$60.9$156$107$104$2.83
2017Detailed filing. Detailed filing data is available for this year.$209$62.9$146$99.3$101$1.67
2016Detailed filing. Detailed filing data is available for this year.$201$64.6$137$98.9$99.3$0.39
2015Detailed filing. Detailed filing data is available for this year.$208$63.6$144$103$101$2.07
2014Detailed filing. Detailed filing data is available for this year.$210$65.5$145$101$95.5$5.51
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$199$68.0$131$91.8
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$204$83.2$120$88.8
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$209$83.5$126$85.4
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$197$84.4$112$84.7
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jun 1, 2024 to May 31, 2025
Signed
Feb 10, 2026
Return Version
2024v5.5
Gross Receipts
$184,153,595
Mission and Program Overview

Mission

Mcdaniel college is a diverse student-centered community committed to excellence in the liberal arts & sciences and professional studies with careful mentoring and attention to the individual. Mcdaniel changes lives. We challenge students to develop their unique potential with reason, imagination, and human concern, through flexible academic programs, collaborative and experiential learning, and global engagement, mcdaniel prepares students for successful lives of leadership, service, and social responsibility,

Students are the focus at mcdaniel and providing the ideal learning environment is our goal.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$92,449,774$98,148,744▲ $5,698,970
Land, Buildings, and Equipment, Net$57,815,583$61,920,364▲ $4,104,781
Investments Other Securities$62,252,138$61,811,121▼ $441,017
Savings and Temporary Cash Investments$26,692,370$23,443,729▼ $3,248,641
Pledges and Grants Receivable$683,287$3,365,768▲ $2,682,481
Accounts Receivable$769,603$1,686,027▲ $916,424
Prepaid Expenses and Deferred Charges$680,876$1,082,576▲ $401,700
Inventories for Sale or Use$498,114$562,508▲ $64,394
Investments Program Related$333,067$225,967▼ $107,100
Cash and Non-Interest-Bearing Accounts$28,712$50,883▲ $22,171
Total Assets$247,790,413$283,578,807▲ $35,788,394
Other Assets Total$5,586,889$31,281,120▲ $25,694,231
Liabilities
Tax Exempt Bond Liabilities$31,219,230$28,453,408▼ $2,765,822
Accounts Payable and Accrued Expenses$11,198,040$10,876,135▼ $321,905
Mortgage Notes Payable Secured by Investment Property$3,707,572$3,753,472▲ $45,900
Deferred Revenue$2,643,514$3,093,625▲ $450,111
Other Liabilities$510,165$2,952,167▲ $2,442,002
Total Liabilities$49,278,521$49,128,807▼ $149,714
Net Assets / Fund Balance
Net Assets With Donor Restrictions$137,581,900$172,115,073▲ $34,533,173
Net Assets Without Donor Restrictions$60,929,992$62,334,927▲ $1,404,935
Total Net Assets Fund Balance$198,511,892$234,450,000▲ $35,938,108
Total Liabilities and Net Assets / Fund Balance$247,790,413$283,578,807▲ $35,788,394

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$46,389,627$117,790,961$164,180,588
Equipment$3,707,501$14,029,304$17,736,805
Other Land Buildings$7,549,338$2,611,883$10,161,221
Leasehold Improvements$1,435,838$8,015,687$9,451,525
Land$2,838,060-$2,838,060
Other Assets Org$25,766,147--
Other Securities$3,053,507--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$156,111,985$1,630,183▲ $12,664,170-$161,294,442
2023$138,133,583$1,712,145▲ $24,966,204-$156,111,985
2022$142,294,568$1,929,351▲ $2,284,221-$138,133,583
2021$170,051,196$1,252,325▼ $10,833,963$10,000,000$142,294,568
2020$127,144,128$1,521,082▲ $49,631,566-$170,051,196
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Julianne JaskenPresidentFT$409,553$71,757$481,310
Janelle HolmboeExec VP of Constituent EngagementFT$272,658$42,362$315,020
Flavius LillyProvostFT$283,895$24,556$308,451
Dave SearsVP Institutional AdvancementFT$238,371$41,592$279,963
Eric SimonVP Admin & FinanceFT$254,427$23,649$278,076
Vickie MazerDean of Graduate & Prof StudiesFT$190,219$19,716$209,935
Christine MoranAvp Student SuccessFT$161,627$36,846$198,473
Lawrence JunkinSenior Avp of IaFT$176,755$17,384$194,139
Matthew RamseyGrad. Chair & Human Svcs Coord.FT$174,118$18,811$192,929
Heather GableAssoc. Professor/nursing Program DirectorFT$157,466$33,364$190,830
Carolyn HojnowskiAvp of DevelopmentFT$148,033$31,169$179,202
Julie FisherAvp of FinanceFT$130,364$30,693$161,057
Andrew CunninghamDirector Finan. Planning/asst. TreasurerFT$98,005$28,506$126,511
Erin BeneventoChief of Staff/secretaryFT$87,242$14,052$101,294
Andrea PhillipsAssoc. Chief of Staff & Events Coord.FT$57,020$1,033$58,053

Highest Paid Contractors

ContractorServicesLocationCompensation
Campus Works INCIt Services1767 LAKEWOOD RANCH BLVD 305, Bradenton, FL 34211$2,173,004
Aramark Management ServicesPhysical Plant1101 MARKET STREET, Philadelphia, PA 19107$1,988,178
Cygnini LLCStudent Recruiting1516 KELLY STREET, Oceanside, CA 92054$552,265
Waybetter MarketingStudent Recruiting7021 COLUMBIA GATEWAY DR, Columbia, MD 21046$535,648
Marshall CraftBuilding Architect2031 CLIPPER PARK ROAD, Baltimore, MD 21211$505,709
Revenue and Support

Revenue Composition

Contributions and Grants
$43,615,201
Program Service Revenue
$109,674,180
Investment Income
$9,228,345
Other Revenue
$500,213
All Other Contributions
$37,601,296
Change in Net Assets
$29,038,926

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
Real Estate Residential1$25,766,147Appraisal Value
Securities Publicly Traded12$172,748Nyse
Other Non Cash Contri Table1$41,665Policy Per Cash Valu
Total Noncash Contributions14$25,980,560-

Audited Revenue Reconciliation

Revenue per Audited Statements
$163,276,171
Revenue Not Reported on Financial Statements
$-258,232
Revenue Not Reported on Form 990
$-50,513,474
Other Revenue Adjustments
$-258,232
Total Revenue per Audited Statements
$112,762,697
Total Revenue per Form 990
$163,017,939
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$55,510,124
Salaries, Compensation, and Employee Benefits$40,462,074
Other Expenses$38,006,815
Total Fundraising Expense$2,490,771
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$55,425,715--$55,425,715
Other Salaries and Wages$27,997,381$667,661$1,364,694$30,029,736
Fees for Services Other$9,245,907$152,653$201,907$9,600,467
Depreciation Depletion$5,138,250--$5,138,250
Other Employee Benefits$4,380,976$161,554$252,893$4,795,423
Office Expenses$3,628,218$20,030$37,464$3,685,712
Occupancy$2,927,947$1,438-$2,929,385
Current Officers, Directors, Trustees, and Key Employees$825,510$1,305,972$184,543$2,316,025
Payroll Taxes$2,005,401$62,187$115,556$2,183,144
Fees for Service Investment Mgmnt Fees-$1,912,824-$1,912,824
Advertising$1,646,273-$43,388$1,689,661
Interest$1,437,863--$1,437,863
Pension Plan Contributions$1,060,637$18,382$58,727$1,137,746
All Other Expenses$837,319$161,564$4,316$1,003,199
Insurance$739,215--$739,215
Other Expenses$527,119$147,815$36,346$711,280
Conferences and Meetings$501,041$12,303$141,650$654,994
Travel$478,730$4,588$48,987$532,305
Information Technology$330,185--$330,185
Fees for Services Management$228,060--$228,060
Fees for Services Accounting-$115,210-$115,210
Fees for Services Legal-$100,058-$100,058
Foreign Grants$84,409--$84,409
Fees for Services Lobbying-$16,296-$16,296
Total Functional Expenses$126,621,691$4,866,551$2,490,771$133,979,013

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$133,979,013
Total Expenses per Audited Statements$76,824,589
Expenses per Audited Statements$76,561,893
Expenses Not Reported on Financial Statements$57,417,120
Other Expense Adjustments$57,417,120
Expenses Not Reported on Form 990$262,696
International Activity

International Summary

Offices
0
Employees
0
Spending
$20,846,177

International Compliance

Foreign grant records maintained
No
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 Caribbean - Antigua & Barbuda, Aruba, Bahamas,InvestmentsInternational Study Abroad00$13,472,522
East Asia and the Pacific - Australia, Brunei, Burma, Cambodia,InvestmentsInternational Study Abroad00$7,163,912
Europe (including Iceland & Greenland) - Albania, Andorra, Austria, BelgiumProgram Services-0-$145,663
East Asia and the Pacific - Australia, Brunei, Burma, Cambodia,Program Services-00$64,080
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$21,565
Fundraising Gross Income$19,125
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$36,888$19,125$798$18,327
Total Events$36,888$19,125$21,565$-2,440
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accumulated Post Retirement Benefit Obligation$2,618,611
Refundable Advance From the U.s. Government$333,556

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACity of Westminster Md2016-10-27$38,410,000Refinance or refund series 2000 and series 2006 bonds

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$43,507,194$43,149,565$12,850,000$357,629

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
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The form 990 is first reviewed by the cfo and president. Once they have approved the form 990, it is posted to the board of directors' portal for review. The form 990 is part of the february 7, 2026 board meeting agenda. The form 990 is accepted at this meeting prior to filing.

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

Mcdaniel college has all trustees, key employees, and officers complete an annual disclosure statement for conflicts of interest. Taxpayer has 100% participation with the completion of the statement. A list is compiled, reviewed and on file with the finance and president's office. Contracts and vendors are periodically reviewed and bids are obtained and reviewed with conflict of interest awareness. Any board member who has a possible conflict of interest does not vote on any matter related to the possible conflict. The minutes will reflect that a disclosure was made, that the member with the possible conflict abstained from voting, and that the member has not been included in the quorum. Family and business relationships are expressly mentioned as sources of potential conflicts in the conflict of interest policy.

Form 990, Part VI, Section B, Line 15

The president (ceo) and president's council (vps/provost) compensation packages are reviewed annually by an executive compensation committee of the board. A comparison of compensation is made to the college and university personnel association's (cupa) administrative compensation survey to ensure the president's compensation package is within fair market value for the industry. Performance evaluations are also reviewed. A recommendation is made to the executive committee of the board for approval of compensation packages. Other officers and key employees are reviewed by the president's council and comparisons are made to other colleges' comparable positions using cupa's annual survey data. Local markets are also surveyed periodically. Board level discussions on executive compensation are recorded in board minutes.

Form 990, Part VI, Section C, Line 19

Governing documents and financial statements are available by request at the following offices: financial services, president's, or development. Conflict of interest statements are available at the financial services office by request, form 990 is available by request to the financial services office or can be obtained online at guidestar.org.

Filing and Contact Details

Filer

Filer Name
Mcdaniel College Inc
EIN
52-0591694
Phone
4108572218
Address
2 COLLEGE HILL, WESTMINSTER, MD 21157-4303

Signing Officer

Name
Julianne Jasken
Title
President
Phone
4108572218
Signed
2026-02-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Julianne Jasken
Formed
1867
Legal Domicile
Md
Voting Board Members
37
Independent Board Members
37
Employees
1,480
Volunteers
70

Preparer

Firm
Baker Tilly Advisory Group Lp
Address
1570 FRUITVILLE PIKE SUITE 400, LANCASTER, PA 17601
Preparer
Kerri N Bogda
Phone
7177404863
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Adjustment of actuarial liability annuities payable -21,250. Rounding -4,464.

Financial Statement Notes

PART V, LINE 4:

The organization's endowment funds are intended to help provide affordable education to students by providing funds for financial aid and support for the operations of the college.

PART X, LINE 2:

The college accounts for uncertainties in income taxes in accordance with authoritative guidance, which prescribes a recognition threshold of more-likely-than-not to be sustained upon examination by the appropriate taxing authority. Measurement of the tax uncertainty occurs if the recognition threshold has been met. Management determined there were no tax uncertainties that met the recognition threshold at may 31, 2025 and 2024.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Investment expenses -1,912,824. Financial aid -55,504,296. Adjustment of actuarial liability annuities payable -21,250.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Rental expenses -236,667. Special event expenses netted with revenue -21,565.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Rental expenses 236,667. Special event expenses netted with revenue 21,565. Rounding 4,464.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Financial aid 55,504,296. Investment expenses 1,912,824.

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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/Form990PartVIISectionAGrp/PersonNm44FLAVIUS LILLY
IRS990/Form990PartVIISectionAGrp/PersonNm45VICKIE MAZER
IRS990/Form990PartVIISectionAGrp/PersonNm46DAVE SEARS
IRS990/Form990PartVIISectionAGrp/PersonNm47LAWRENCE JUNKIN
IRS990/Form990PartVIISectionAGrp/PersonNm48CAROLYN HOJNOWSKI
IRS990/Form990PartVIISectionAGrp/PersonNm49HEATHER GABLE

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