Herzing University Ltd
86% goes to programs $1 to raise $100 Strong reserves Growing revenue
Herzing University Ltd is a 501(c)(3) organization based in Milwaukee, Wisconsin, registered in 2015, with $200,540,033 in FY2024 revenue. CharityIndex grades it A, and it directs about 86% of spending to programs.
275 W Wisconsin Ave Ste 210, Milwaukee, WI, 53203 EIN 27-1503981 Since 2015
Revenue (FY2024)
$200.5M
▲ 17.0% vs prior year
Education median: $200K
Expenses (FY2024)
$186.9M
Net assets
$123.3M
Employees
1,851
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 rating86% to programs · $1 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 Herzing University Ltd: 86% to programs · $1 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating8 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 Herzing University Ltd: 8 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 Herzing University Ltd: 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 Herzing University Ltd: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Herzing university is a regionally-accredited, private career university that provides educational programs at the certificate, undergraduate, and graduate levels for a diverse student population in traditional, non-traditional and online delivery formats. the corporate administrative office and online operations support office are located in milwaukee, wi and eleven campuses located throughout the united states. through quality teaching and learning, the university is committed to provide students with opportunities to develop the knowledge, understanding and skills necessary for successful employment. committed to the philosophy of putting students at the center of the university mission, herzing university prepares graduates for careers in technology, business, and healthcare.
Contact & location
- Address
- 275 W Wisconsin Ave Ste 210, Milwaukee, WI, 53203
- City
- Milwaukee
- State
- Wisconsin
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $385K (FY2013) to $200.5M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $66.1MNet assets $123.3M
Operating margin
6.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$189.4M
Total liabilities
$66.1M
Net assets
$123.3M
Salaries & benefits
$80.4M
43% of expenses
Board members
12
12 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $200,540,033▲17.0% | $186,942,854▲6.0% | $123,257,509▲16.4% | $189,354,313▲14.0% | 990 |
| 2023 | $171,370,509▲3.7% | $176,351,745▲5.3% | $105,895,735▲3.0% | $166,149,884▲2.1% | 990 |
| 2022 | $165,206,949▼4.2% | $167,402,613▲0.8% | $102,797,903▼7.7% | $162,704,750▲11.9% | 990 |
| 2021 | $172,534,723▲14.7% | $166,121,007▲25.8% | $111,333,977▲4.1% | $145,438,947▲10.7% | 990 |
| 2020 | $150,364,150▲10.6% | $132,070,388▲6.8% | $106,986,764▲19.9% | $131,421,103▲13.7% | 990 |
| 2019 | $135,915,250▲11.3% | $123,626,441▲4.8% | $89,211,361▲21.0% | $115,556,008▲10.8% | 990 |
| 2018 | $122,080,854▼1.3% | $118,002,882▲1.7% | $73,738,422▲2.6% | $104,279,118▼2.8% | 990 |
| 2017 | $123,726,497▼29.4% | $115,981,611▼4.0% | $71,869,014▲14.3% | $107,278,854▼6.2% | 990 |
| 2016 | $175,287,096▲44.4% | $120,855,192▲6.0% | $62,896,581▲770% | $114,422,164▲14.1% | 990 |
| 2015 | $121,379,041▲43935% | $113,978,010▲75875% | $7,225,764▲766% | $100,284,637▲11812% | 990 |
| 2014 | $275,643▼28.4% | $150,020▲79.1% | $834,801▲4.8% | $841,865▲5.6% | 990 |
| 2013 | $384,870 | $83,762▲22.0% | $796,279▲86.3% | $797,428▲85.4% | 990 |
| 2012 | — | $68,639▼7.3% | $427,339▲229% | $430,228▲228% | 990 |
| 2011 | — | $74,074 | $129,831 | $131,246 | 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 (FY2024)
Highest-paid: Renee Herzing — $625,187 (0.33% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Renee Herzing | President/ceo | 40 | $625,187 |
| Erik Parks | Cfo/coo & Treasurer | 40 | $516,592 |
| Nigel Longworth | Cio/coo | 40 | $451,431 |
| James Gillespie | Cmo | 40 | $399,734 |
| Katherine Kautzer | Provost/cao | 40 | $370,305 |
| Jeffrey Cross | Svp of Online Operations | 40 | $297,836 |
| Jeffrey Hill | Regional Vice President - Midwest | 40 | $244,661 |
| Mladen Grgic | Vp, It | 40 | $219,668 |
| Derrick Pope | Vp Admissions | 40 | $205,399 |
| Sarah Higgins | Regional Vice President - South | 40 | $184,897 |
| Katherine Hauser | Controller/corporate Secretary | 40 | $133,577 |
| Mark Ambrosius | Trustee | 1 | $39,500 |
| John Lopez | Trustee/chairperson | 1 | $14,000 |
| Patricia Todus | Trustee (until 12/31/24) | 1 | $13,000 |
| Scott Reid | Trustee | 1 | $13,000 |
| Christine Pharr | Trustee/vice Chairperson | 1 | $11,000 |
| Cynthia Cleveland | Trustee | 1 | $11,000 |
| Jill Schwieters | Trustee | 1 | $11,000 |
| Erin Hareng | Trustee (until 12/31/24) | 1 | $10,000 |
| Henry Herzing | Trustee | 1 | $10,000 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Google Inc | Advertising | $19,499,631 |
| Phase 3 Marketing and Communications | Advertising | $2,770,000 |
| Leapley Construction Group of Atlanta Ll | Construction | $2,125,882 |
| Meta Platforms Inc | Advertising | $2,091,777 |
| Validated Insights | Advertising | $1,970,721 |
Grants received · $7,500 total
1 grant to Herzing University Ltd totaling $7,500, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Tulsa Community Foundation | Scholarships | 2022 | $7,500 |
Grants made · $18K in FY2014
1 grant totaling $18K in FY2014. All grants made by Herzing University Ltd →
| Recipient | Purpose | Amount |
|---|---|---|
| Boys and Girls Club of Greater Milwaukee Inc | Assist general operations | $18,205 |
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Frequently asked questions
- Is Herzing University Ltd a legitimate nonprofit?
- Yes. Herzing University Ltd is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 27-1503981, based in Milwaukee, Wisconsin. Donations are tax-deductible.
- What is Herzing University Ltd's EIN?
- Herzing University Ltd's Employer Identification Number (EIN) is 27-1503981.
- How much revenue does Herzing University Ltd report?
- Herzing University Ltd reported $200,540,033 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Herzing University Ltd's spending goes to programs?
- Herzing University Ltd spends about 86% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Herzing University Ltd have?
- CharityIndex grades Herzing University Ltd A, based on program efficiency and fundraising cost.
- How much does Herzing University Ltd's highest-paid employee make?
- The highest reported compensation on Herzing University Ltd's latest Form 990 is $625,187, paid to Renee Herzing (President/ceo).
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Data for Herzing University Ltd (EIN 27-1503981) 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.