Ave Maria University Inc
85% goes to programs $14 to raise $100 Strong reserves Growing revenue
Ave Maria University Inc is a 501(c)(3) organization based in Ave Maria, Florida, registered in 2003, with $81,451,917 in FY2023 revenue. CharityIndex grades it A, and it directs about 85% of spending to programs.
5050 Ave Maria Blvd, Ave Maria, FL, 34142 EIN 03-0482006 Since 2003
Revenue (FY2023)
$81.5M
▲ 12.2% vs prior year
Education median: $200K
Expenses (FY2023)
$75.9M
Net assets
$193.0M
Employees
817
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating85% to programs · $14 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Ave Maria University Inc: 85% to programs · $14 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating30 mo reserves · +7% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Ave Maria University Inc: 30 mo reserves · +7% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Ave Maria University Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Ave Maria University Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
University education grounded in the traditions and faith of the roman catholic church
Contact & location
- Address
- 5050 Ave Maria Blvd, Ave Maria, FL, 34142
- City
- Ave Maria
- State
- Florida
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $44.8M (FY2013) to $81.5M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $60.9MNet assets $193.0M
Operating margin
6.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$253.9M
Total liabilities
$60.9M
Net assets
$193.0M
Salaries & benefits
$24.2M
32% of expenses
Board members
22
21 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $81,451,917▲12.2% | $75,943,707▲8.3% | $192,990,163▲3.7% | $253,911,420▲2.9% | 990 |
| 2022 | $72,587,422▼3.9% | $70,134,466▲5.4% | $186,112,259▲2.6% | $246,761,373▲2.0% | 990 |
| 2021 | $75,533,917▲22.3% | $66,537,880▲21.3% | $181,468,701▲3.3% | $242,009,071▲3.0% | 990 |
| 2020 | $61,745,167▲35.4% | $54,875,621▲1.6% | $175,678,199▲6.2% | $234,976,166▲3.1% | 990 |
| 2019 | $45,617,754▼14.9% | $54,004,016▲0.3% | $165,387,627▼4.5% | $227,969,836▼3.0% | 990 |
| 2018 | $53,627,060▲5.4% | $53,845,112▲6.6% | $173,216,159▼3.2% | $235,120,449▼3.7% | 990 |
| 2017 | $50,865,119▲230% | $50,507,396▲2.5% | $178,897,781▲1.3% | $244,039,993▲0.6% | 990 |
| 2016 | $15,427,964▼64.7% | $49,295,250▲3.1% | $176,601,073▼15.7% | $242,661,315▼12.8% | 990 |
| 2015 | $43,665,073▲5.6% | $47,818,049▲4.7% | $209,584,894▼1.4% | $278,380,590▼1.0% | 990 |
| 2014 | $41,347,299▼7.7% | $45,656,570▼4.4% | $212,583,803▼1.3% | $281,216,010▼1.4% | 990 |
| 2013 | $44,819,685 | $47,748,313▼5.9% | $215,416,812▼1.3% | $285,350,065▲1.4% | 990 |
| 2012 | — | $50,716,075▲1.4% | $218,199,990▼3.6% | $281,415,602▼3.5% | 990 |
| 2011 | — | $50,016,728▼5.5% | $226,245,919▼2.0% | $291,562,180▼1.5% | 990 |
| 2010 | — | $52,911,514▲1.3% | $230,974,050▼1.8% | $295,998,422▼2.0% | 990 |
| 2009 | — | $52,213,248 | $235,129,455 | $301,887,218 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Mark Middendorf — $493,082 (0.65% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Mark Middendorf | President | 40 | $493,082 |
| Paul Husak | Coo | 40 | $379,081 |
| Roger Nutt | Provost | 40 | $265,027 |
| Margaret Wenzel | Senior Vp Advancement | 40 | $224,704 |
| Ratchapol Dejthai | Vp It/cio | 40 | $207,213 |
| Joseph P Patterson | Director of Athletics/vp Enrollment | 40 | $200,149 |
| Eugene Munin | Vp Finance/cfo (former)/general Counsel | 40 | $199,883 |
| Dennis Mccarthy | Director of Digital Platforms | 40 | $197,949 |
| Susan W Gallagher | Vp Marketing | 40 | $187,665 |
| Patrick J O'connell | Principal Gift Officer | 40 | $178,252 |
| Daniel James Hubert | Assoc. Provost For Inst. Effectiveness | 40 | $175,882 |
| Gabriel X Martinez | Business Inst. Assoc. Prof | 40 | $164,042 |
| Kimberly M King | Vp Student Affairs | 40 | $161,098 |
| Peter S Whalen | Assoc Prof Mktg & Entrepre | 40 | $160,359 |
| Julie K Musselman | Chief of Staff | 40 | $143,329 |
| Timothy J Dockery | Vp Advancement | 40 | $132,630 |
| Brent Johnson | Vp Enrollment | 40 | $121,517 |
| Anne Hendershott | Trustee | 2 | — |
| Anthony D'agostino | Trustee | 2 | — |
| Antonio Rea | Trustee | 2 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Hill Barth & King LLC | Audit, Tax, and Consulting Services | $205,025 |
| Dell Marketing LP | Computer Services | $176,642 |
| Ave Maria Development Lllp | Building Contractor | $163,763 |
Grants received · $10.3M total
101 grants to Ave Maria University Inc totaling $10.3M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Endowment Foundation | Educational | 2024 | $197,750 |
| Mary Cross Tippmann Foundation Charitable Trust | Operating support | 2024 | $143,000 |
| National Christian Charitable Foundation | Colleges and universities | 2024 | $118,230 |
| Knights of Columbus Charitable Fund Inc | General purpose | 2024 | $51,600 |
| Raymond James Charitable Endowment Fund | General support | 2024 | $10,500 |
| Greater Cincinnati Foundation | Programatic support | 2024 | $10,000 |
| Greater Cincinnati Foundation | Programatic support | 2024 | $10,000 |
| Catholic Community Foundation of Minnesota | General operating | 2024 | $10,000 |
| Collier Community Foundation Inc | Education | 2024 | $10,000 |
| Ayco Charitable Foundation | Education | 2024 | $5,400 |
| Community Foundation For Southeast Michigan | Education | 2023 | $2,413,890 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $725,407 |
| National Philanthropic Tr | Religion | 2023 | $174,000 |
| Donor Advised Charitable Giving | Education | 2023 | $117,129 |
| Mary Cross Tippmann Foundation Charitable Trust | Operating support | 2023 | $52,500 |
Grants made · $49K in FY2020
1 grant totaling $49K in FY2020. All grants made by Ave Maria University Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Ave Maria University Land Trust Inc | General use | $49,169 |
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Frequently asked questions
- Is Ave Maria University Inc a legitimate nonprofit?
- Yes. Ave Maria University Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 03-0482006, based in Ave Maria, Florida. Donations are tax-deductible.
- What is Ave Maria University Inc's EIN?
- Ave Maria University Inc's Employer Identification Number (EIN) is 03-0482006.
- How much revenue does Ave Maria University Inc report?
- Ave Maria University Inc reported $81,451,917 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Ave Maria University Inc's spending goes to programs?
- Ave Maria University Inc spends about 85% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Ave Maria University Inc have?
- CharityIndex grades Ave Maria University Inc A, based on program efficiency and fundraising cost.
- How much does Ave Maria University Inc's highest-paid employee make?
- The highest reported compensation on Ave Maria University Inc's latest Form 990 is $493,082, paid to Mark Middendorf (President).
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Data for Ave Maria University Inc (EIN 03-0482006) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.