Depauw University
90% goes to programs $3 to raise $100 Strong reserves Growing revenue
Depauw University is a 501(c)(3) organization based in Greencastle, Indiana, registered in 1930, with $256,738,950 in FY2023 revenue. CharityIndex grades it A, and it directs about 90% of spending to programs.
313 S Locust St, Greencastle, IN, 46135 EIN 35-0869045 Since 1930
Revenue (FY2023)
$256.7M
▲ 19.0% vs prior year
Education median: $200K
Expenses (FY2023)
$188.6M
Net assets
$1.1B
Employees
1,548
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 rating90% to programs · $3 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 Depauw University: 90% to programs · $3 to raise $100 earns a A on this criterion. See the exact thresholds →
B+Financial health25% of the rating71 mo reserves · +27% 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 Depauw University: 71 mo reserves · +27% margin earns a B+ 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 Depauw University: 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 Depauw University: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Depauw is a nationally-recognized, leading liberal arts college committed to creating an atmosphere of intellectual challenge & engagement that prepares students for lifelong success.
Contact & location
- Address
- 313 S Locust St, Greencastle, IN, 46135
- City
- Greencastle
- State
- Indiana
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $199.8M (FY2013) to $256.7M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $202.5MNet assets $1.1B
Operating margin
26.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.3B
Total liabilities
$202.5M
Net assets
$1.1B
Salaries & benefits
$53.4M
28% of expenses
Board members
37
36 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $256,738,950▲19.0% | $188,586,115▲1.6% | $1,112,521,898▲18.3% | $1,315,033,882▲14.6% | 990 |
| 2022 | $215,810,863▲9.0% | $185,632,708▲5.0% | $940,810,562▲6.2% | $1,147,698,639▲4.6% | 990 |
| 2021 | $197,947,778▲3.6% | $176,852,787▲10.0% | $885,571,603▼6.1% | $1,096,715,482▼6.7% | 990 |
| 2020 | $191,010,740▲12.3% | $160,784,484▼11.2% | $943,376,208▲17.7% | $1,175,395,994▲12.5% | 990 |
| 2019 | $170,125,801▼8.0% | $181,130,904▼2.9% | $801,797,329▼6.1% | $1,044,669,443▼1.7% | 990 |
| 2018 | $185,003,992▼7.8% | $186,530,077▲2.8% | $853,719,000▼1.5% | $1,062,376,504▲0.2% | 990 |
| 2017 | $200,711,825▲8.9% | $181,502,185▲2.6% | $867,107,545▲6.7% | $1,060,604,993▲4.8% | 990 |
| 2016 | $184,337,411▼7.6% | $176,910,684▲5.9% | $812,964,395▲8.5% | $1,011,750,003▲5.9% | 990 |
| 2015 | $199,465,634▲10.6% | $167,131,008▲5.9% | $749,326,972▼4.1% | $954,972,583▼1.3% | 990 |
| 2014 | $180,369,740▼9.7% | $157,809,999▲1.2% | $781,422,302▲1.7% | $967,309,077▲1.4% | 990 |
| 2013 | $199,849,329 | $155,926,942▲2.8% | $768,096,109▲12.6% | $953,659,176▲9.9% | 990 |
| 2012 | — | $151,725,917▲1.8% | $682,206,424▲19.2% | $867,696,916▲13.2% | 990 |
| 2011 | — | $149,055,302▲3.1% | $572,309,539▼3.9% | $766,524,784▼1.4% | 990 |
| 2010 | — | $144,556,331▲5.9% | $595,796,494▲12.7% | $777,482,718▲8.9% | 990 |
| 2009 | — | $136,516,891 | $528,488,506 | $713,829,643 | 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: Lori S White — $647,633 (0.34% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Lori S White | President | 55 | $647,633 |
| David Berque | Vice President For Academic Affairs | 55 | $246,167 |
| Andrea Young | Vice President For Finance and Administration | 55 | $237,063 |
| Anthony Tillman | Dean of Student Academic Success and Equity | 55 | $227,033 |
| Sarah Steinkamp | Vp For Communications | 55 | $210,635 |
| Dionne Jackson | Vice President For Institutional Equity | 55 | $202,136 |
| Humberto Barreto | Prof. of Bus. Analytics, Coordinator of the Bus. Analytics Program | 55 | $197,129 |
| Anne E Cunningham | Vp For Develop. & Alumni Engagement (through 10/20/23) | 55 | $196,890 |
| Mary E Petrie | Vice President For Enrollment Management | 55 | $193,915 |
| John Mark Day | Vp For Student Affairs and Dean of Students | 55 | $187,382 |
| Jeffrey Gropp | Prof. of Econ and Mgmt, Dir. of the Mgmt Fellows Program | 55 | $174,156 |
| Carol Smith | Chief Information Officer | 55 | $169,307 |
| Bridget Gourley | Dean of College of Liberal Arts & Sciences / Faculty, Prof. of Chem & Biochem | 55 | $166,147 |
| Amy Kwas | Vp Or Develop. & Alumni Engagement (beginning 12/01/23) | 55 | $41,521 |
| Andrew J Paine III | Trustee | 1 | — |
| Blair A Rieth Jr | Trustee | 1 | — |
| Brent E St John | Trustee | 1 | — |
| Chloie M Favinger | Trustee | 1 | — |
| David B Becker | Trustee | 1 | — |
| Denise Castillo Dell Isola | Trustee | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Bon Appetit Management Company | Food Service | $6,417,644 |
| Messer Construction Co | Construction Management | $4,630,476 |
| Cornerstone Partners LLC | Investment Advisor | $1,693,452 |
| Workday Inc | Software and Consulting Services | $1,342,063 |
| Hendricks County Hospital DBA Hendricks Regional Health | Outsourced Health Clinic Services | $1,119,597 |
Grants received · $23.1M total
201 grants to Depauw University totaling $23.1M, reported by foundations on their Schedule I filings — showing the 15 most recent.
Grants made · $25K in FY2022
1 grant totaling $25K in FY2022. All grants made by Depauw University →
| Recipient | Purpose | Amount |
|---|---|---|
| City of Greencastle | Support of fire apparatus | $25,000 |
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Frequently asked questions
- Is Depauw University a legitimate nonprofit?
- Yes. Depauw University is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 35-0869045, based in Greencastle, Indiana. Donations are tax-deductible.
- What is Depauw University's EIN?
- Depauw University's Employer Identification Number (EIN) is 35-0869045.
- How much revenue does Depauw University report?
- Depauw University reported $256,738,950 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Depauw University's spending goes to programs?
- Depauw University spends about 90% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Depauw University have?
- CharityIndex grades Depauw University A, based on program efficiency and fundraising cost.
- How much does Depauw University's highest-paid employee make?
- The highest reported compensation on Depauw University's latest Form 990 is $647,633, paid to Lori S White (President).
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Data for Depauw University (EIN 35-0869045) 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.