University of Mary
86% goes to programs $11 to raise $100 Strong reserves Growing revenue
University of Mary is a 501(c)(3) organization based in Bismarck, North Dakota, registered in 1961, with $127,054,830 in FY2023 revenue. CharityIndex grades it A, and it directs about 86% of spending to programs.
7500 University Dr, Bismarck, ND, 58504 EIN 45-0273403 Since 1961
Revenue (FY2023)
$127.1M
▲ 32.7% vs prior year
Education median: $200K
Expenses (FY2023)
$100.6M
Net assets
$190.1M
Employees
1,321
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 · $11 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 Mary: 86% to programs · $11 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating23 mo reserves · +21% 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 Mary: 23 mo reserves · +21% 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 University of Mary: 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 Mary: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
A private institution of higher education offering graduate and undergraduate degrees.
What they do
Student aid & expenses university of mary offers various types of financial assistance to students including federal, state, and private programs as well as other forms of student aid and work programs. during the current year, 2,240 students received some type of academic student aid and 335 students received athletic student aid. in addition, 77 international students received student aid.
Auxiliary activities: auxiliary activities includes all student housing and food services including the cost of residence halls, student apartments, and student transportation service. the university of mary also has a university store, cafeterias, snack bar and coffee shop.
Educational plant operations, financial affairs, general institutional, public affairs, enrollment services, and all other services including general administration, academic affairs, student development, and student senate.
Contact & location
- Address
- 7500 University Dr, Bismarck, ND, 58504
- City
- Bismarck
- State
- North Dakota
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $53.6M (FY2013) to $127.1M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $52.4MNet assets $190.1M
Operating margin
20.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$242.5M
Total liabilities
$52.4M
Net assets
$190.1M
Salaries & benefits
$38.1M
38% of expenses
Board members
30
26 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $127,054,830▲32.7% | $100,606,541▲12.2% | $190,147,972▲19.2% | $242,542,545▲11.9% | 990 |
| 2022 | $95,710,757▼7.8% | $89,664,411▲5.6% | $159,463,901▲6.6% | $216,721,922▲3.9% | 990 |
| 2021 | $103,801,276▲8.8% | $84,888,322▲7.0% | $149,582,743▲5.1% | $208,539,926▼4.2% | 990 |
| 2020 | $95,416,601▲19.8% | $79,369,457 | $142,305,774▲21.1% | $217,782,844▲15.8% | 990 |
| 2019 | $79,618,446▼10.6% | $79,403,463▼10.2% | $117,463,453▼1.6% | $188,008,414▲1.6% | 990 |
| 2018 | $89,040,620▲8.7% | $88,450,615▲18.6% | $119,347,680▼0.2% | $185,060,660▲2.2% | 990 |
| 2017 | $81,947,097▲18.3% | $74,592,546▲5.1% | $119,590,842▲7.8% | $181,119,584▲4.3% | 990 |
| 2016 | $69,272,421▼5.9% | $70,948,045▲14.3% | $110,903,582▲0.4% | $173,631,443▲18.0% | 990 |
| 2015 | $73,577,788▲10.4% | $62,049,256▲1.5% | $110,460,546▲1.7% | $147,183,702▲10.1% | 990 |
| 2014 | $66,632,888▲24.4% | $61,113,010▲12.6% | $108,597,678▲4.9% | $133,640,115▲5.3% | 990 |
| 2013 | $53,560,076 | $54,273,191▲17.0% | $103,535,293▲4.6% | $126,955,778▲8.6% | 990 |
| 2012 | — | $46,394,596▲10.8% | $98,986,861▲5.8% | $116,855,601▲12.2% | 990 |
| 2011 | — | $41,886,796▲7.5% | $93,525,275▲2.9% | $104,135,162▲5.1% | 990 |
| 2010 | — | $38,953,510▲10.9% | $90,918,393▲14.5% | $99,111,323▲12.6% | 990 |
| 2009 | — | $35,129,325 | $79,405,243 | $88,023,618 | 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: Monsignor James P Shea — $187,514 (0.19% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Monsignor James P Shea | President (see Sch O For Details) | 40 | $187,514 |
| Jerome Richter | Executive Vice President | 40 | $187,127 |
| Diane Fladeland | Vice President For Academic Affairs | 40 | $153,253 |
| Karel Sovak | Dean of School of Business | 40 | $148,779 |
| Brenda Tufte - Associate | Dean of Edu. & Behavorial Sciences | 40 | $138,581 |
| Mary Dockter | Dean of School of Health Science | 40 | $134,160 |
| Rod Jonas-dean of Liffrig Fam | School of Edu. & Behavioral Sciences | 40 | $133,339 |
| Christi Schaefbauer | Vice President For Financial Affairs | 40 | $131,702 |
| Al Anderson | Trustee | 1 | — |
| Bill Daniel | Trustee | 1 | — |
| Chris Baumgartner | Trustee | 1 | — |
| Connie Tharaldson | Trustee | 1 | — |
| Dan Butler | Chair | 1 | — |
| David Ehlis | Trustee | 1 | — |
| Jackie Gibney | Trustee | 1 | — |
| Jonathan Reyes | Trustee | 1 | — |
| Julie Liffrig Fedorchak | Trustee | 1 | — |
| Kevin Cramer | Trustee | 1 | — |
| Laurie Steffes | Trustee | 1 | — |
| Michael Appert | Trustee | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Compass Group USA Inc | Dining Services | $11,198,485 |
| Dynamic Campus Solutions Inc | It Services | $5,430,972 |
| Weisz & Sons | Construction Services | $2,774,059 |
| Northwest Contracting Inc | Construction Services | $2,584,566 |
| I&s Group | Engineering Services | $1,339,515 |
Grants received · $5.8M total
61 grants to University of Mary totaling $5.8M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Sanford | Community support, economic development, health professions education, workforce development | 2024 | $647,249 |
| Catholic Community Foundation of Minnesota | General operating | 2024 | $34,500 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2024 | $5,125 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $275,103 |
| Sanford | Community health improvement services, health professions education | 2023 | $268,866 |
| National Philanthropic Tr | Education | 2023 | $95,000 |
| Catholic Community Foundation of Minnesota | General operating | 2023 | $25,900 |
| National Collegiate Athletic Association | Grants | 2023 | $20,641 |
| Tulsa Community Foundation | Scholarships | 2023 | $16,250 |
| St Alexius Medical Center | Program support | 2023 | $15,000 |
| Donor Advised Charitable Giving | Education | 2023 | $12,500 |
| Charities Aid Foundation America | Charitable donation | 2023 | $5,483 |
| South Dakota Community Foundation | Education | 2023 | $5,015 |
| Sanford | Education/workforce development | 2022 | $210,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $186,700 |
Grants made · $36K in FY2023
3 grants totaling $36K in FY2023. All grants made by University of Mary →
| Recipient | Purpose | Amount |
|---|---|---|
| Fellowship of Catholic University Students | General operating | $22,550 |
| American College of the Roman Catholic Church of the Us | General operating | $6,750 |
| Bismarck-mandan Chamber Foundation | General operating | $6,212 |
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Frequently asked questions
- Is University of Mary a legitimate nonprofit?
- Yes. University of Mary is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 45-0273403, based in Bismarck, North Dakota. Donations are tax-deductible.
- What is University of Mary's EIN?
- University of Mary's Employer Identification Number (EIN) is 45-0273403.
- How much revenue does University of Mary report?
- University of Mary reported $127,054,830 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of University of Mary's spending goes to programs?
- University of Mary spends about 86% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does University of Mary have?
- CharityIndex grades University of Mary A, based on program efficiency and fundraising cost.
- How much does University of Mary's highest-paid employee make?
- The highest reported compensation on University of Mary's latest Form 990 is $187,514, paid to Monsignor James P Shea (President (see Sch O For Details)).
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Data for University of Mary (EIN 45-0273403) 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.