University of Denver
90% goes to programs $59 to raise $100 Strong reserves
University of Denver is a 501(c)(3) organization based in Denver, Colorado, registered in 1934, with $834,903,600 in FY2023 revenue. CharityIndex grades it B+, and it directs about 90% of spending to programs.
2601 E Colorado Abe, Denver, CO, 80208 EIN 84-0404231 Since 1934
Revenue (FY2023)
$834.9M
▲ 3.4% vs prior year
Education median: $200K
Expenses (FY2023)
$857.7M
Net assets
$1.9B
Employees
9,142
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
BProgram efficiency40% of the rating90% to programs · $59 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 University of Denver: 90% to programs · $59 to raise $100 earns a B on this criterion. See the exact thresholds →
B+Financial health25% of the rating26 mo reserves · -3% 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 University of Denver: 26 mo reserves · -3% 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 University of Denver: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 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 University of Denver: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
A higher educational institution, providing both undergraduate and graduate degrees.
What they do
Student scholarship 2023-2024 academic year: the university of denver student can apply for financial aid to assist them and their famlly in covering the cost of their education. scholarships and grants are available to students from federal, state and institutional programs. institutional scholarship, waivers and cash assistance programs for the 2023-2024 academic year equaled $218,285,052, endowed and gift support scholarship programs funded $27,635,708 and the federal and state programs funded $3,783,987. up to 80% of the students at the university receive some financial aid.
2023-2024 academic year: academic support includes the administrative support for 12 graduate schools and professional programs and 7 undergraduate schools and colleges. academic support also includes the university's libraries, media and information technology support and other support functions for the university's primary missions. student services - consists of the activities of the admissions, registrar and financial resources offices as well as activities that contribute to the students development outside the formal instruction program that include intercollegiate athletic programs and sports and wellness recreation programs. included in these activities are campus life, career and counseling centers, leadership programs and other campus activities that contribue to the students' emotional and physical well-being and intellectual, cultural and social development.
Research and public service 2023-2024 academic year: the university of denver faculty members received substantial funding from governmental and private sources to support their scholarship. the university has long promoted a teacher/scholar model for its faculty, encouraging professions to excel in the classroom and in research. much of the faculty scholarship contributes to the university of serving the public good.
Contact & location
- Address
- 2601 E Colorado Abe, Denver, CO, 80208
- City
- Denver
- State
- Colorado
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $574.0M (FY2013) to $834.9M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $359.6MNet assets $1.9B
Operating margin
-2.7%
Spent more than it raised in the latest fiscal year.
Total assets
$2.2B
Total liabilities
$359.6M
Net assets
$1.9B
Salaries & benefits
$379.1M
44% of expenses
Board members
27
25 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $834,903,600▲3.4% | $857,665,837▲5.1% | $1,889,448,456▲3.2% | $2,249,044,545▲3.5% | 990 |
| 2022 | $807,273,223▼4.2% | $816,071,421▲5.7% | $1,831,489,998▲1.0% | $2,173,355,537▼0.3% | 990 |
| 2021 | $842,965,887▲7.4% | $771,738,479▲9.1% | $1,814,188,854▼0.2% | $2,179,482,499▼0.4% | 990 |
| 2020 | $784,521,739▲9.5% | $707,236,209▼2.8% | $1,817,086,133▲23.8% | $2,188,001,504▲18.2% | 990 |
| 2019 | $716,746,092▲2.9% | $727,948,933▲6.2% | $1,467,220,523▼1.4% | $1,851,080,134▼1.0% | 990 |
| 2018 | $696,496,787▲6.5% | $685,199,852▲7.3% | $1,487,902,911▲3.0% | $1,870,633,591▲2.9% | 990 |
| 2017 | $654,200,758▼0.8% | $638,788,838▲9.6% | $1,444,154,872▲4.5% | $1,817,594,486▲3.4% | 990 |
| 2016 | $659,170,965▲12.7% | $582,597,587▲5.9% | $1,381,841,884▲6.7% | $1,758,522,373▲15.0% | 990 |
| 2015 | $584,732,635▼0.1% | $550,040,894▲5.5% | $1,295,026,336▲0.8% | $1,529,645,819▼0.2% | 990 |
| 2014 | $585,130,577▲1.9% | $521,259,257▲6.2% | $1,285,107,833▲5.7% | $1,532,500,947▲4.8% | 990 |
| 2013 | $574,032,667 | $490,707,821▲1.1% | $1,215,904,614▲11.2% | $1,463,002,918▲9.5% | 990 |
| 2012 | — | $485,199,405▲5.4% | $1,093,209,779▲7.2% | $1,336,405,375▲6.1% | 990 |
| 2011 | — | $460,490,096▲4.5% | $1,019,762,132▲5.9% | $1,260,116,921▲3.9% | 990 |
| 2010 | — | $440,624,524▲4.6% | $962,801,462▲11.1% | $1,213,311,797▲8.5% | 990 |
| 2009 | — | $421,086,846 | $866,261,327 | $1,118,549,381 | 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: Jeremy Haefner — $1,127,479 (0.13% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Jeremy Haefner | Chancellor | 40 | $1,127,479 |
| David Carle | Head Coach | 40 | $602,807 |
| Mary Clark - Provost | Executive Vice Chancellor | 40 | $577,051 |
| Vivek Choudhury | Dean | 40 | $494,239 |
| Valerie Otten | Senior Vice Chancellor | 40 | $483,517 |
| Nancy Nicely - Former | Secretary & Chief of Staff | 40 | $398,160 |
| Bruce Smith | Dean | 40 | $390,651 |
| Joshua Berlo | Vice Chancellor | 40 | $389,971 |
| Elizabeth Bullock | Secretary & University Counsel | 40 | $372,818 |
| Russell Kaurloto | Vice Chancellor | 40 | $371,220 |
| Jeffrey Wulburn | Head Coach | 40 | $361,096 |
| Corinne Lengsfeld | Senior Vice Provost | 40 | $345,643 |
| Andrei Kutateladze | Dean | 40 | $333,194 |
| Todd Adams | Vice Chancellor | 40 | $321,669 |
| Renea Morris | Vice Chancellor (through 8/15/23) | 40 | $308,198 |
| Todd Rinehart | Vice Chancellor | 40 | $298,419 |
| Jeffrey Banks | Vice Chancellor | 40 | $291,899 |
| Rhonda Gonzales | Dean | 40 | $288,023 |
| Linda Kosten - Senior | Vice Provost | 40 | $282,631 |
| Stuart Halsall | Associate Vice Chancellor | 40 | $252,343 |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Lakeland Holdings | Student Program Services | $3,367,307 |
| Adcellerant | Digital Marketing | $2,644,704 |
| Optimize LLC | Digital Marketing | $1,101,500 |
| Team Subject Matter LLC | Child Welfare Media Campaign | $1,000,000 |
| Ellucian Company LLC | Software Maintenance | $801,096 |
Grants received · $63.7M total
455 grants to University of Denver totaling $63.7M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Greater Horizons | Education | 2024 | $325,000 |
| American Heart Association Inc | Research | 2024 | $300,000 |
| Denver Foundation | Universities | 2024 | $240,616 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $158,500 |
| Parkinsons Foundation Inc | Medical research | 2024 | $100,000 |
| Urban Institute | Grant sub-award | 2024 | $90,000 |
| Humane World For Animals Inc | Researching access to veterinary care and pet inclusive housing and collecting related data to inform policy efforts, research focused on understanding trends in animal law enforcement, research on impacts of adoption program, funding to attend animal care expo | 2024 | $71,168 |
| Charities Aid Foundation America | Charitable donation | 2024 | $69,828 |
| American Online Giving Foundation Inc | General support | 2024 | $63,686 |
| Ayco Charitable Foundation | Education | 2024 | $57,500 |
| Rose Community Foundation | Digital encyclopedia of colorado jewish communities, center for judaic studies | 2024 | $56,640 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Education | 2024 | $56,000 |
| University of Miami | Research | 2024 | $55,941 |
| Raymond James Charitable Endowment Fund | General support | 2024 | $50,000 |
| American Endowment Foundation | Educational | 2024 | $33,200 |
Grants made · $2.1M in FY2021
3 grants totaling $2.1M in FY2021. All grants made by University of Denver →
| Recipient | Purpose | Amount |
|---|---|---|
| National Jewish Health | Construction of a biomedical imaging and diagnostics facility | $1,994,350 |
| Childrens Museum of Denver Inc | General use | $100,000 |
| Public Broadcasting of Colorado Inc | General use | $50,000 |
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Frequently asked questions
- Is University of Denver a legitimate nonprofit?
- Yes. University of Denver is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 84-0404231, based in Denver, Colorado. Donations are tax-deductible.
- What is University of Denver's EIN?
- University of Denver's Employer Identification Number (EIN) is 84-0404231.
- How much revenue does University of Denver report?
- University of Denver reported $834,903,600 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of University of Denver's spending goes to programs?
- University of Denver spends about 90% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does University of Denver have?
- CharityIndex grades University of Denver B+, based on program efficiency and fundraising cost.
- How much does University of Denver's highest-paid employee make?
- The highest reported compensation on University of Denver's latest Form 990 is $1,127,479, paid to Jeremy Haefner (Chancellor).
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Explore more
Data for University of Denver (EIN 84-0404231) 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.