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Nonprofit · EIN 35-0869045

DEPAUW UNIVERSITY

Tax-exempt · GREENCASTLE, IN 46135

Financials

$215.8M$185.6M2022$256.7M$188.6M2023$263.8M$203.4M2024
Revenue Expenses · by fiscal year end
Financials of DEPAUW UNIVERSITY by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$263,810,956$203,426,887$60,384,069$1,437,619,260$199,237,866$1,238,381,394
June 30, 2024990$256,738,950$188,586,115$68,152,835$1,315,033,882$202,511,984$1,112,521,898
June 30, 2023990$215,810,863$185,632,708$30,178,155$1,147,698,639$206,888,077$940,810,562
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$94,006,623
of which government grants
$364,523
Program service revenue
$125,736,500
Investment income
$36,867,125
Net gain from sales of assets
$25,448,019
Other revenue
$7,200,708

Expenses

Grants and similar amounts paid
$77,213,307
Compensation of officers, directors and key employees
$2,834,239
Other salaries and wages
$42,387,211
Salaries, compensation and benefits (total)
$59,326,757
Professional fundraising fees
$32,500
Legal fees
$737,325
Accounting fees
$235,494
Occupancy
$9,068,072
Travel
$2,788,381
Depreciation
$16,130,145
Program services (functional)
$176,797,142
Management and general (functional)
$22,767,481
Fundraising (functional)
$3,862,264

Balance sheet and other

Total assets, start of year
$1,315,033,882
Total assets, end of year
$1,437,619,260
Total liabilities, end of year
$199,237,866
Net assets, end of year
$1,238,381,394
Land, buildings and equipment
$287,447,335
Publicly traded securities
$624,969,109
Net assets without donor restrictions
$294,090,755
Net assets with donor restrictions
$944,290,639
Gross unrelated business income
$9,877,655
Gross receipts
$347,101,739
Employees
1,447
Volunteers
150
Year formed
1837
State of legal domicile
IN

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
Lori S WhitePresident
Officer
55$687,299$179,002
Amy KwasVP for Development & Alumni Engagement
Officer
55$295,438$36,897
Andrea YoungVice President for Finance and Administration
Officer
55$248,309$62,101
David BerqueVice President for Academic Affairs
Officer
55$257,268$38,991
John F ClarkeDean of the School of Business
Key employee
55$225,962$59,278
Sarah SteinkampVP for Communications & Strategy, Chief of Staff
Officer
55$220,868$47,758
John Mark DayVP for Student Affairs and Dean of Students
Officer
55$196,607$68,761
Mary E PetrieVice President for Enrollment Management
Officer
55$221,602$43,336
Anthony TillmanDean of Student Academic Success and Equity
Highest-paid employee
55$232,427$31,264
Humberto BarretoProf. of Bus. Analytics, Coordinator of the Bus. Analytics Program
Highest-paid employee
55$206,631$49,983
Jeffrey GroppProf. of Econ and Mgmt, Dir. of the Mgmt Fellows Program
Highest-paid employee
55$180,756$53,033
Bridget GourleyDean of College of Liberal Arts & Sciences / Faculty, Prof. of Chem & Biochem
Key employee
55$191,327$42,138
Dionne JacksonVice President for Institutional Equity
Officer
55$211,902$18,099
Carol SmithChief Information Officer
Highest-paid employee
55$179,696$46,496
Steven FoutyExecutive Director of Hubbard Center & Director of McDermond Center
Highest-paid employee
55$166,713$44,377
39 more people on this return
NameTitleHours / weekCompensationOther / benefits
Marcus HayesDean of the Creative School
Key employee
55$177,481$28,779
Douglas I SmithBoard Chair, Trustee
Trustee or director, Officer
1$0$0
Kyle E LanhamBoard Secretary, Trustee
Trustee or director, Officer
1$0$0
Andrew J Paine IIITrustee
Trustee or director
1$0$0
Bishop Tracy MaloneTrustee
Trustee or director
1$0$0
Blair A Rieth JrTrustee
Trustee or director
1$0$0
Brent E St JohnTrustee
Trustee or director
1$0$0
Cayla WilliamsTrustee
Trustee or director
1$0$0
Chloie M FavingerTrustee
Trustee or director
1$0$0
David B BeckerTrustee
Trustee or director
1$0$0
Denise Castillo Dell IsolaTrustee
Trustee or director
1$0$0
Gregory A SisselTrustee
Trustee or director
1$0$0
Holiday H McKiernanTrustee
Trustee or director
1$0$0
James B StewartTrustee (through 9/27/24)
Trustee or director
1$0$0
James Denison O'KeaneTrustee
Trustee or director
1$0$0
Jeffrey L HarmeningTrustee
Trustee or director
1$0$0
John ScullyTrustee
Trustee or director
1$0$0
Jonathan PhillipsTrustee
Trustee or director
1$0$0
Jonathan V ForttTrustee
Trustee or director
1$0$0
Jose BowenTrustee
Trustee or director
1$0$0
Joseph RohsTrustee
Trustee or director
1$0$0
Julius C TrimbleTrustee (through 9/27/24)
Trustee or director
1$0$0
Justin DyeTrustee
Trustee or director
1$0$0
Justin P ChristianTrustee
Trustee or director
1$0$0
Kathryn Fortune HubbardTrustee
Trustee or director
1$0$0
Kathy Patterson VrabeckTrustee
Trustee or director
1$0$0
Kenneth W CoquilletteTrustee
Trustee or director
1$0$0
Kristina MikhailovaTrustee
Trustee or director
1$0$0
Lawrence E YoungTrustee
Trustee or director
1$0$0
Lisa Henderson BennettTrustee
Trustee or director
1$0$0
Luis R DavilaTrustee
Trustee or director
1$0$0
Marshall W Reavis IVTrustee
Trustee or director
1$0$0
Matthew S DarnallTrustee
Trustee or director
1$0$0
Newton F CrenshawTrustee
Trustee or director
1$0$0
Sarah Reese WallaceTrustee (through 9/27/24)
Trustee or director
1$0$0
Sarah Strauss KrouseTrustee (through 9/27/24)
Trustee or director
1$0$0
Susan M AnselTrustee
Trustee or director
1$0$0
Tamika NewsonTrustee
Trustee or director
1$0$0
William K DanielTrustee
Trustee or director
1$0$0
990 for the year ended June 30, 2024: 52 people
NameTitleHours / weekCompensationOther / benefits
Lori S WhitePresident
Officer
55$647,633$153,773
Andrea YoungVice President for Finance and Administration
Officer
55$237,063$58,924
David BerqueVice President for Academic Affairs
Officer
55$246,167$37,265
Anthony TillmanDean of Student Academic Success and Equity
Highest-paid employee
55$227,033$30,131
Sarah SteinkampVP for Communications
Officer
55$210,635$46,295
Jeffrey GroppProf. of Econ and Mgmt, Dir. of the Mgmt Fellows Program
Highest-paid employee
55$174,156$78,701
Humberto BarretoProf. of Bus. Analytics, Coordinator of the Bus. Analytics Program
Highest-paid employee
55$197,129$47,277
Mary E PetrieVice President for Enrollment Management
Officer
55$193,915$47,926
John Mark DayVP for Student Affairs and Dean of Students
Officer
55$187,382$53,401
Anne E CunninghamVP for Develop. & Alumni Engagement (through 10/20/23)
Officer
55$196,890$28,382
Dionne JacksonVice President for Institutional Equity
Officer
55$202,136$17,558
Carol SmithChief Information Officer
Highest-paid employee
55$169,307$44,807
Bridget GourleyDean of College of Liberal Arts & Sciences / Faculty, Prof. of Chem & Biochem
Highest-paid employee
55$166,147$42,105
Amy KwasVP or Develop. & Alumni Engagement (Beginning 12/01/23)
Officer
55$41,521$4,397
Douglas I SmithBoard Chair, Trustee
Trustee or director, Officer
1$0$0
Kyle E LanhamBoard Secretary, Trustee
Trustee or director, Officer
1$0$0
Andrew J Paine IIITrustee
Trustee or director
1$0$0
Blair A Rieth JrTrustee
Trustee or director
1$0$0
Brent E St JohnTrustee
Trustee or director
1$0$0
Chloie M FavingerTrustee
Trustee or director
1$0$0
David B BeckerTrustee
Trustee or director
1$0$0
Denise Castillo Dell IsolaTrustee
Trustee or director
1$0$0
Elizabeth BeggsTrustee
Trustee or director
1$0$0
Gregory A SisselTrustee
Trustee or director
1$0$0
Holiday H McKiernanTrustee
Trustee or director
1$0$0
James B StewartTrustee
Trustee or director
1$0$0
James Denison O'KeaneTrustee
Trustee or director
1$0$0
Jeffrey L HarmeningTrustee
Trustee or director
1$0$0
John ScullyTrustee
Trustee or director
1$0$0
Jonathan PhillipsTrustee
Trustee or director
1$0$0
Jonathan V ForttTrustee
Trustee or director
1$0$0
Jose BowenTrustee
Trustee or director
1$0$0
Joseph RohsTrustee
Trustee or director
1$0$0
Julius C TrimbleTrustee
Trustee or director
1$0$0
Justin DyeTrustee
Trustee or director
1$0$0
Justin P ChristianTrustee
Trustee or director
1$0$0
Kathryn Fortune HubbardTrustee
Trustee or director
1$0$0
Kathy Patterson VrabeckTrustee
Trustee or director
1$0$0
Kenneth W CoquilletteTrustee
Trustee or director
1$0$0
Kristina MikhailovaTrustee
Trustee or director
1$0$0
Lawrence E YoungTrustee
Trustee or director
1$0$0
Lisa Henderson BennettTrustee
Trustee or director
1$0$0
Luis R DavilaTrustee
Trustee or director
1$0$0
Marshall W Reavis IVTrustee
Trustee or director
1$0$0
Matthew S DarnallTrustee
Trustee or director
1$0$0
Newton F CrenshawTrustee
Trustee or director
1$0$0
Peter G RuppertTrustee (through 8/1/23)
Trustee or director
1$0$0
Sarah Reese WallaceTrustee
Trustee or director
1$0$0
Sarah Strauss KrouseTrustee
Trustee or director
1$0$0
Susan M AnselTrustee
Trustee or director
1$0$0
Tamika NewsonTrustee
Trustee or director
1$0$0
William K DanielTrustee
Trustee or director
1$0$0
990 for the year ended June 30, 2023: 57 people
NameTitleHours / weekCompensationOther / benefits
Lori S WhitePresident
Officer
55$540,714$148,724
Anne E CunninghamVice President for Development and Alumni Engagement (through 10/20/23)
Officer
55$249,042$34,071
David BerqueVice President for Academic Affairs
Officer
55$236,900$36,879
Jeffrey GroppProfessor of Econ and Management and Dir of Management Fellows
Highest-paid employee
55$162,283$108,205
Mary E PetrieVice President for Enrollment Management
Officer
55$200,720$48,218
Anthony TillmanDean of Student Academic Success and Equity
Highest-paid employee
55$216,433$28,239
Humberto BarretoProfessor of Economics and Management
Highest-paid employee
55$189,412$47,077
Sarah SteinkampVice President for Communications (BEGINNING 7/1/22)
Officer
55$165,504$38,862
Carol SmithCIO
Highest-paid employee
55$159,202$45,054
Steven FoutyExec Dir of Center for Stu Eng and Dir of Center for Mgmt and Entrepreneurship
Highest-paid employee
55$156,302$39,423
D Mark McCoyFormer President
Former
0$183,612$0
Andrea YoungVice President for Finance and Administration (BEGINNING 7/15/2022)
Officer
55$128,794$25,214
Robert LeonardVP for Finance and Administration (through 6/30/22)
Former
0$135,687$10,815
Dionne JacksonVice President for Institutional Equity (BEGINNING 6/15/22)
Officer
55$125,734$19,193
Deedie K DowdleVP for Communications and Marketing (through 6/30/22)
Former
0$106,040$31,292
John Mark DayVice President for Student Affairs and Dean of Students (BEGINNING 8/1/22)
Officer
55$99,533$20,027
Alan P HillVP for Student Academic Life (through 6/30/22)
Former
0$102,203$9,483
Kathy Patterson VrabeckTrustee
Trustee or director, Officer
1$0$0
Kyle E LanhamBoard Secretary, Trustee
Trustee or director, Officer
1$0$0
Andrew J Paine IIITrustee
Trustee or director
1$0$0
Blair A Rieth JrTrustee
Trustee or director
1$0$0
Brent E St JohnTrustee
Trustee or director
1$0$0
David B BeckerTrustee
Trustee or director
1$0$0
Denise Castillo Dell IsolaTrustee
Trustee or director
1$0$0
Douglas I SmithBoard Chair, Trustee
Trustee or director
1$0$0
Elizabeth BeggsTrustee
Trustee or director
1$0$0
Gregory A SisselTrustee
Trustee or director
1$0$0
Holiday H McKiernanTrustee
Trustee or director
1$0$0
James B StewartTrustee
Trustee or director
1$0$0
Janet JohnsTrustee
Trustee or director
1$0$0
Jeffrey L HarmeningTrustee
Trustee or director
1$0$0
John CassidyTrustee
Trustee or director
1$0$0
John ScullyTrustee
Trustee or director
1$0$0
Jonathan ForttTrustee
Trustee or director
1$0$0
Jonathan PhillipsTrustee
Trustee or director
1$0$0
Jose BowenTrustee
Trustee or director
1$0$0
Joseph RohsTrustee
Trustee or director
1$0$0
Julius C TrimbleTrustee
Trustee or director
1$0$0
Justin DyeTrustee
Trustee or director
1$0$0
Justin P ChristianTrustee
Trustee or director
1$0$0
Kathryn Fortune HubbardTrustee
Trustee or director
1$0$0
Kenneth W CoquilletteTrustee
Trustee or director
1$0$0
Kristina MikhailovaTrustee
Trustee or director
1$0$0
Lawrence E YoungTrustee
Trustee or director
1$0$0
Lisa Henderson BennettTrustee
Trustee or director
1$0$0
Luis R DavilaTrustee
Trustee or director
1$0$0
Marshall W Reavis IVTrustee
Trustee or director
1$0$0
Matthew S DarnallTrustee
Trustee or director
1$0$0
Newton F CrenshawTrustee
Trustee or director
1$0$0
Peter G RuppertTrustee
Trustee or director
1$0$0
Rabia DaudTrustee
Trustee or director
1$0$0
Richard NevilleTrustee
Trustee or director
1$0$0
Sarah Reese WallaceTrustee
Trustee or director
1$0$0
Sarah Strauss KrouseTrustee
Trustee or director
1$0$0
Susan M AnselTrustee
Trustee or director
1$0$0
Tamika NewsonTrustee
Trustee or director
1$0$0
William K DanielTrustee
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
313 S LOCUST ST, GREENCASTLE, IN 46135-1736
Principal officer (990 for 2024)
Andrea Young, 313 S LOCUST ST PO Box 37, Greencastle, IN 46135
Signed the 990
Andrea Young, VP For Finance & Administration
Phone
(765) 658-4800
Return prepared by
CROWE LLP

Mission

DEPAUW UNIVERSITY DEVELOPS LEADERS THE WORLD NEEDS THROUGH AN UNCOMMON COMMITMENT TO THE LIBERAL ARTS. DEPAUW'S DIVERSE AND INCLUSIVE LEARNING AND LIVING EXPERIENCE, DISTINCTIVE IN ITS RIGOROUS INTELLECTUAL ENGAGEMENT AND ITS GLOBAL AND EXPERIENTIAL LEARNING OPPORTUNITIES, LEADS TO A LIFE OF MEANING AND MEANS. (CONTINUED ON SCHEDULE O)

990 for the year ended June 30, 2025

Program accomplishments

  • DEPAUW UNIVERSITY IS A NATIONALLY-RECOGNIZED, LEADING LIBERAL ARTS COLLEGE IN GREENCASTLE, INDIANA, DEDICATED TO EDUCATING 1,917 STUDENTS FROM ACROSS THE COUNTRY AND AROUND THE GLOBE. FOR 188 YEARS, DEPAUW HAS CREATED AN ATMOSPHERE OF INTELLECTUAL CHALLENGE AND SOCIAL ENGAGEMENT THAT PREPARES STUDENTS FOR LIFELONG SUCCESS. ACADEMIC EXPLORATION AT DEPAUW PUSHES STUDENTS TO GAIN BROAD EXPOSURE TO MULTIPLE DISCIPLINES BEFORE NARROWING THEIR FOCUS. DEPAUW OFFERS DOZENS OF MAJORS AND MINORS, A HANDFUL OF HONORS AND FELLOWS PROGRAMS, AND A SET OF EXPERIENTIAL LEARNING OPPORTUNITIES THAT CHALLENGE STUDENTS WITHIN AND BEYOND THE CLASSROOM. BUILDING NETWORKS HAS NEVER BEEN MORE IMPORTANT THAN IT IS RIGHT NOW. AT DEPAUW, STUDENTS MAKE CONNECTIONS THROUGH STUDENT-RUN CLUBS AND ORGANIZATIONS, NCAA DIVISION III ATHLETICS AND RECREATIONAL SPORTS, FRATERNITIES AND SORORITIES, AND SERVICE ORGANIZATIONS. (CONTINUED ON SCHEDULE O)
    Expenses $176,797,142 · grants $77,213,307 · revenue $125,960,936

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
35-0869045
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
School
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1930
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B420)
Assets (IRS master file)
$1,437,619,260
Income (IRS master file)
$347,101,739

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$263,810,956$203,426,887$1,437,619,260IRS
990-TJune 2025–––IRS
990June 2024$256,738,950$188,586,115$1,315,033,882IRS
990-TJune 2024–––IRS
990June 2023$215,810,863$185,632,708$1,147,698,639XML
990-TJune 2023–––IRS
990June 2022$197,947,778$176,852,787$1,096,715,482IRS
990-TJune 2022–––IRS
990June 2021–––IRS
990-TJune 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 35-0869045).

Questions about DEPAUW UNIVERSITY

What is the EIN of DEPAUW UNIVERSITY?
The employer identification number (EIN) of DEPAUW UNIVERSITY is 35-0869045.
Is DEPAUW UNIVERSITY tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1930.
Are donations to DEPAUW UNIVERSITY tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does DEPAUW UNIVERSITY file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of DEPAUW UNIVERSITY due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did DEPAUW UNIVERSITY last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of DEPAUW UNIVERSITY?
The 990 for the year ended June 30, 2025 names Andrea Young.
Who are the officers and directors of DEPAUW UNIVERSITY?
The 990 for the year ended June 30, 2025 lists 54 people; 16 received compensation from the organization, the highest $687,299 (Lori S White, President).
How much revenue does DEPAUW UNIVERSITY have?
On its 990 for the year ended June 30, 2025 it reported revenue of $263,810,956, expenses of $203,426,887 and total assets of $1,437,619,260 at year end.

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