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Nonprofit · EIN 39-0806325

CARROLL UNIVERSITY INC

Tax-exempt · WAUKESHA, WI 53186

Financials

$136.3M$143M2022$137.5M$144.7M2023$147.1M$144.8M2024
Revenue Expenses · by fiscal year end
Financials of CARROLL UNIVERSITY INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$147,112,306$144,756,692$2,355,614$292,670,600$45,018,266$247,652,334
June 30, 2024990$137,477,502$144,694,179-$7,216,677$280,286,458$44,530,363$235,756,095
June 30, 2023990$136,308,213$142,962,234-$6,654,021$256,678,685$23,396,226$233,282,459
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$8,032,702
of which government grants
$929,424
Program service revenue
$133,903,580
Investment income
$5,753,851
Net gain from sales of assets
$696,641
Net income from fundraising events
-$10,639
Other revenue
-$577,827

Expenses

Grants and similar amounts paid
$55,577,250
Compensation of officers, directors and key employees
$2,056,232
Other salaries and wages
$35,484,922
Salaries, compensation and benefits (total)
$48,238,877
Professional fundraising fees
$133,211
Legal fees
$34,489
Accounting fees
$112,523
Occupancy
$3,302,228
Travel
$2,064,709
Depreciation
$7,773,742
Program services (functional)
$130,207,762
Management and general (functional)
$13,068,351
Fundraising (functional)
$1,480,579

Balance sheet and other

Total assets, start of year
$280,286,458
Total assets, end of year
$292,670,600
Total liabilities, end of year
$45,018,266
Net assets, end of year
$247,652,334
Land, buildings and equipment
$122,481,165
Publicly traded securities
$124,431,428
Net assets without donor restrictions
$141,293,853
Net assets with donor restrictions
$106,358,481
Gross unrelated business income
$987,733
Gross receipts
$238,547,179
Employees
2,516
Volunteers
23
Year formed
1846
State of legal domicile
WI

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
CINDY GNADINGERPRESIDENT
Trustee or director, Officer
40$556,450$46,131
MARK BLEGENPRVST/VP ACAD AFFAIR (END 6/2025)
Officer
40$235,359$34,657
VICTORIA DOWLINGVP FOR INSTITUTIONAL ADVANCEMENT
Officer
40$237,019$28,912
PAUL ZINCKVP FINANCE/ADMINIS (END 12/2024)
Officer
40$233,737$15,698
CATHERINE JORGENSUNIVERSITY COUNSEL
Officer
40$203,786$14,450
MOHAMMED BEYVP FOR CUMMUNITY CULTURE
Officer
40$169,429$44,414
NATE DEHNEVP FOR STUDENT AFFAIRS
Officer
40$162,992$39,892
DAWN SCOTTVP FOR ENROLLMENT
Officer
40$158,999$42,629
THOMAS PAHNKE DEAN OFCOLLEGE OF HEALTH SCIENCES
Highest-paid employee
40$164,738$21,952
KATHY KRAMER DEAN OFSCHOOL OF EDUC. HUMAN SERV.
Highest-paid employee
40$156,604$21,769
ANDREW HOBANVP FOR FINANCE
Officer
40$135,897$40,514
SARA DEPREYCHAIR/PROFESSOR PHYSICAL THERAPY
Highest-paid employee
40$163,589$11,024
KAREEM MUHAMMADDEAN OF COLLEGE ARTS AND SCIENCES
Highest-paid employee
40$152,007$15,956
TIMOTHY SULLIVANDEAN-SCHOOL OF BUSINESS
Highest-paid employee
40$152,471$500
DEBORAH BLOCKTRUSTEE/CHAIR
Trustee or director, Officer
1$0$0
24 more people on this return
NameTitleHours / weekCompensation
DOUGLAS MUELLERTRUSTEE/VICE CHAIR
Trustee or director, Officer
1$0
JOHN HENGELTRUSTEE/TREASURER
Trustee or director, Officer
1$0
KATHY WOLFGRAMTRUSTEE/SECRETARY
Trustee or director, Officer
1$0
ANN LAATSCHTRUSTEE
Trustee or director
1$0
BART WILLIAMSTRUSTEE
Trustee or director
1$0
BLANE DEXHEIMERTRUSTEE
Trustee or director
1$0
BOB SULLIVANTRUSTEE
Trustee or director
1$0
DAVID LAATSCHTRUSTEE
Trustee or director
1$0
JACK RIESCHTRUSTEE
Trustee or director
1$0
JAMES SCHNEIDERTRUSTEE
Trustee or director
1$0
JANE HAMILTONTRUSTEE
Trustee or director
1$0
JOHN HARRISTRUSTEE
Trustee or director
1$0
JOHN LINDTRUSTEE
Trustee or director
1$0
KIM WYNNTRUSTEE
Trustee or director
1$0
KRISTI CZARNECKITRUSTEE
Trustee or director
1$0
LATOYA CONNERS GRAYTRUSTEE
Trustee or director
1$0
LAURA DEXTERTRUSTEE
Trustee or director
1$0
LAURA FISHER-BONVALLETTRUSTEE
Trustee or director
1$0
MARY WENDT MOASETRUSTEE
Trustee or director
1$0
NADOU S LAWSONTRUSTEE
Trustee or director
1$0
SANDRA CUNNINGHAMTRUSTEE
Trustee or director
1$0
SUSAN HAYESTRUSTEE
Trustee or director
1$0
FRED STIERTRUSTEE (THROUGH 10/2024)
Trustee or director
1$0
ELI HESTERMANPROVOST/VP FOR ACAD. AFFAIRS
Officer
40$0
990 for the year ended June 30, 2024: 38 people
NameTitleHours / weekCompensationOther / benefits
CINDY GNADINGERPRESIDENT
Trustee or director, Officer
40$817,263$45,902
KEVIN TRAINOR DEANSCHOOL OF BUSINESS (TERM. 08/2023)
Highest-paid employee
40$272,292$28,755
VICTORIA DOWLINGVP FOR INSTITUTIONAL ADVANCEMENT
Officer
40$247,093$40,203
MARK BLEGENPROVOST/VP FOR ACAD. AFFAIRS
Officer
40$248,424$37,341
PAUL ZINCKVP FOR FINANCE AND ADMIN
Officer
40$245,086$19,974
CATHERINE JORGENSUNIVERSITY COUNSEL
Officer
40$211,952$16,410
MOHAMMED BEYVP FOR INSTITUTIONAL INCLUSION
Officer
40$172,483$44,605
DAWN SCOTTVP FOR ENROLLMENT
Officer
40$164,578$43,610
THOMAS PAHNKE DEAN OFCOLLEGE OF HEALTH SCIENCES
Highest-paid employee
40$163,440$23,471
KATHY KRAMER DEAN OFSCHOOL OF EDUCATION AND HUMAN SERV.
Highest-paid employee
40$156,293$22,800
KAREEM MUHAMMAD DEAN OFTHE COLLEGE OF ARTS AND SCIENCES
Highest-paid employee
40$151,895$15,626
JAMES RYCHNERASST VP FOR DEVELOPMENT
Highest-paid employee
40$152,884$12,827
THERESA BARRY VPFOR STUDENT AFFAIRS (TERM. 08/2023)
Officer
40$116,102$21,260
SCOTT RUDIE VP FOR MARKETINGAND COMMUNICATIONS (TERM. 09/2023)
Officer
40$109,583$26,854
NATE DEHNEVP FOR STUDENT AFFAIRS
Officer
40$73,301$10,556
DEBORAH BLOCKTRUSTEE/CHAIR
Trustee or director, Officer
1$0$0
DOUGLAS MUELLERTRUSTEE/VICE CHAIR
Trustee or director, Officer
1$0$0
LYNDA JOHNSONTRUSTEE/TREASURER
Trustee or director, Officer
1$0$0
KATHY WOLFGRAMTRUSTEE/SECRETARY
Trustee or director, Officer
1$0$0
ANN LAATSCHTRUSTEE
Trustee or director
1$0$0
BART WILLIAMSTRUSTEE
Trustee or director
1$0$0
BLANE DEXHEIMERTRUSTEE
Trustee or director
1$0$0
BOB SULLIVANTRUSTEE
Trustee or director
1$0$0
DAVID LAATSCHTRUSTEE
Trustee or director
1$0$0
FRED STIERTRUSTEE
Trustee or director
1$0$0
JACK RIESCHTRUSTEE
Trustee or director
1$0$0
JAMES SCHNEIDERTRUSTEE
Trustee or director
1$0$0
JANE HAMILTONTRUSTEE
Trustee or director
1$0$0
JOHN HENGELTRUSTEE
Trustee or director
1$0$0
JOHN LINDTRUSTEE
Trustee or director
1$0$0
KIM WYNNTRUSTEE
Trustee or director
1$0$0
KRISTI CZARNECKITRUSTEE
Trustee or director
1$0$0
LATOYA CONNERS GRAYTRUSTEE
Trustee or director
1$0$0
LAURA DEXTERTRUSTEE
Trustee or director
1$0$0
LAURA FISHER-BONVALLETTRUSTEE
Trustee or director
1$0$0
MARY WENDT MOASETRUSTEE
Trustee or director
1$0$0
SANDRA CUNNINGHAMTRUSTEE
Trustee or director
1$0$0
SUSAN HAYESTRUSTEE
Trustee or director
1$0$0
990 for the year ended June 30, 2023: 38 people
NameTitleHours / weekCompensationOther / benefits
CINDY GNADINGERPRESIDENT
Trustee or director, Officer
40$438,474$77,669
VICTORIA DOWLINGVP FOR INSTITUTIONAL ADVANCEMENT
Officer
40$242,086$33,162
MARK BLEGENPROVOST/VP FOR ACAD. AFFAIRS
Officer
40$244,543$28,783
THERESA BARRYVP FOR STUDENT AFFAIRS
Officer
40$194,805$26,383
CATHERINE JORGENSUNIVERSITY COUNSEL
Officer
40$192,231$14,091
PAUL ZINCKVP FOR FINANCE AND ADMINISTRATION
Officer
40$186,963$11,713
DAWN SCOTTVP FOR ENROLLMENT
Officer
40$162,446$33,991
THOMAS PAHNKE DEAN OFCOLLEGE OF HEALTH SCIENCES
Highest-paid employee
40$156,296$20,070
KATHY KRAMER DEAN OFSCHOOL OF EDUCATION AND HUMAN SERV.
Highest-paid employee
40$148,213$19,026
SARA DEPREYASSOCIATE PROFESSOR OF PT
Highest-paid employee
40$153,761$11,911
JAMES RYCHNERASST VP FOR DEVELOPMENT
Highest-paid employee
40$149,636$12,634
KAREEM MUHAMMADDEAN OF THE COLLEGE OF ARTS
Highest-paid employee
40$146,878$8,321
MOHAMMED BEYVP FOR INSTITUTIONAL INCLUSION
Officer
40$130,957$22,405
TIFFANY WYNN VP FOR MARKETINGAND COMMUNICATIONS (THROUGH 08/2022)
Officer
40$106,430$21,267
DEBORAH BLOCKTRUSTEE/CHAIR
Trustee or director, Officer
1$0$0
DOUGLAS MUELLERTRUSTEE/VICE CHAIR
Trustee or director, Officer
1$0$0
LYNDA JOHNSONTRUSTEE/TREASURER
Trustee or director, Officer
1$0$0
KATHY WOLFGRAMTRUSTEE/SECRETARY
Trustee or director, Officer
1$0$0
ANN LAATSCHTRUSTEE
Trustee or director
1$0$0
BART WILLIAMSTRUSTEE
Trustee or director
1$0$0
BLANE DEXHEIMERTRUSTEE
Trustee or director
1$0$0
DAVID LAATSCHTRUSTEE
Trustee or director
1$0$0
FRED STIERTRUSTEE
Trustee or director
1$0$0
JACK RIESCHTRUSTEE
Trustee or director
1$0$0
JAMES SCHNEIDERTRUSTEE
Trustee or director
1$0$0
JANE HAMILTONTRUSTEE
Trustee or director
1$0$0
JEFFERSON DEANGELISTRUSTEE
Trustee or director
1$0$0
JOHN HENGELTRUSTEE
Trustee or director
1$0$0
JOSEPH ZVESPERTRUSTEE
Trustee or director
1$0$0
KRISTI CZARNECKITRUSTEE
Trustee or director
1$0$0
LATOYA CONNERS GRAYTRUSTEE
Trustee or director
1$0$0
LAURA DEXTERTRUSTEE
Trustee or director
1$0$0
LAURA FISHER-BONVALLETTRUSTEE
Trustee or director
1$0$0
MARK D SMITHTRUSTEE
Trustee or director
1$0$0
MARY WENDT MOASETRUSTEE
Trustee or director
1$0$0
SANDRA CUNNINGHAMTRUSTEE
Trustee or director
1$0$0
SUSAN HAYESTRUSTEE
Trustee or director
1$0$0
TOM SELLARSTRUSTEE
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
100 N EAST AVE, WAUKESHA, WI 53186-3103
Principal officer (990 for 2024)
CINDY GNADINGER, 100 N EAST AVENUE, WAUKESHA, WI 53186
Signed the 990
ANDREW HOBAN, VP FOR FINANCE
Phone
(262) 524-7090
Return prepared by
BAKER TILLY ADVISORY GROUP LP

Mission

CARROLL UNIVERSITY PROVIDES A SUPERIOR EDUCATION, ROOTED IN ITS PRESBYTERIAN AND LIBERAL ARTS HERITAGE, AND DRAWS UPON ITS CHRISTIAN TRADITION TO PREPARE ALL STUDENTS FOR VOCATIONAL SUCCESS, LIFELONG LEARNING AND SERVICE IN A DIVERSE AND GLOBAL SOCIETY.

990 for the year ended June 30, 2025

Program accomplishments

  • INSTRUCTION & ACADEMIC SUPPORT - CARROLL UNIVERSITY OFFERS MORE THAN 95 AREAS OF STUDY FOR STUDENTS TO DISCOVER AND EXPLORE THAT ARE HOUSED WITHIN TWO COLLEGES (COLLEGE OF ARTS AND SCIENCES AND COLLEGE OF HEALTH SCIENCES) AND TWO SCHOOLS (SCHOOL OF BUSINESS AND SCHOOL OF EDUCATION AND HUMAN SERVICES). WE STRUCTURE THOSE WITH THE INDIVIDUAL GOALS AND NEEDS OF OUR STUDENTS IN MIND. OUR TOP MAJORS ARE NURSING, BUSINESS, EXERCISE SCIENCE, PSYCHOLOGY, BIOLOGY AND PHYSICAL THERAPY (GRADUATE). MANY OF OUR PROGRAMS OFFER THE FLEXIBILITY TO DOUBLE MAJOR OR ADD MINORS WHILE STILL GRADUATING IN FOUR YEARS. WE ALSO OFFER THE OPPORTUNITY TO COMPLETE SELECT MAJORS AND GET STARTED ON A CAREER SOONER WITH OUR CARROLL3 PROGRAMS. IN ADDITION, OUR DUAL DEGREE PROGRAMS MAKE IT CONVENIENT FOR STUDENTS TO EARN BOTH A BACHELOR'S AND MASTER'S DEGREE IN JUST FIVE YEARS. CARROLL ISN'T A ONE-SIZE-FITS-ALL KIND OF PLACE AND RECOGNIZES THAT EVERYONE IS DIFFERENT AND WE'RE HERE TO HELP EACH STUDENT GET THE MOST OUT OF THEIR ACADEMIC EXPERIENCE. IN EACH OF OUR AREAS OF STUDY, STUDENTS WILL GAIN A STRONG, FOUNDATIONAL KNOWLEDGE AND SKILLS THAT WILL PREPARE THEM FOR THEIR FUTURE. THEY WILL ENJOY SMALL CLASS SIZES AND PROFESSORS WHO GET TO KNOW THEM AND ARE INVESTED IN STUDENT SUCCESS. AT THE GRADUATE LEVEL, CARROLL OFFERS STUDENTS LOOKING TO TAKE THEIR EXPERTISE TO THE NEXT LEVEL WITH ACCELERATED, FLEXIBLE PROGRAMS THAT HELP THEM GO FARTHER, FASTER TO REACH THEIR PROFESSIONAL GOALS.
    Expenses $41,176,306 · revenue $113,698,436
  • AUXILIARY & STUDENT SERVICES - THE UNIVERSITY OFFERS A BROAD SCOPE OF ACTIVITIES AND PROGRAMMING FOR STUDENTS. THROUGH INTERCULTURAL PROGRAMMING, DIVERSITY INITIATIVES, MENTORING OPPORTUNITIES AND MORE, OUR OFFICE OF INTERCULTURAL AND DIVERSITY ENGAGEMENT WORKS TO CHALLENGE PRECONCEIVED NOTIONS AND ENRICH THE CARROLL COMMUNITY. STUDENTS LIVE OUT CARROLL'S MISSION OF SERVICE THROUGH VOLUNTEERING, MENTORSHIP PROGRAMS, CIVIC ENGAGEMENT AND MORE. CAMPUS SPIRITUAL LIFE INCLUDES WEEKLY PROGRAMS, RETREATS AND PARTNERSHIPS WITH LOCAL FAITH COMMUNITIES THAT GIVE STUDENTS MANY OPTIONS FOR REFLECTION AND WORSHIP. OTHER STUDENT ACTIVITIES AT CARROLL INCLUDE MORE THAN 50 STUDENT ORGANIZATIONS WHERE STUDENTS CAN JOIN TOGETHER TO EXPLORE THEIR INTERESTS AND DEVELOP LEADERSHIP SKILLS IN ORGANIZATIONS RELATED TO ACADEMIC PROGRAMS, SERVICE/ADVOCACY, DIVERSITY, STUDENT GOVERNMENT, RECREATION, ACTING, FRATERNITY AND SORORITY LIFE, ACAPELLA SINGING, OUTDOOR ACTIVITIES AND MORE. CARROLL IS HOME TO 23 NCAA DIVISION III ATHLETIC TEAMS (11 MEN'S SPORTS AND 12 WOMEN'S SPORTS) AND COMPETES IN THE NATIONALLY-RECOGNIZED COLLEGE CONFERENCE OF ILLINOIS AND WISCONSIN (CCIW). INCLUDED IN AUXILIARY PROGRAMMING ARE 12 HOUSING OPTIONS FROM TRADITIONAL RESIDENCE HALLS TO SUITE-STYLE UNITS AND APARTMENTS AND ALSO FLEXIBLE MEAL PLANS AND MENUS ARE OFFERED FOR ALL OF OUR SEVEN ON-CAMPUS DINING LOCATIONS.
    Expenses $89,031,456 · grants $55,577,250 · revenue $20,186,620
  • INSTITUTIONAL SUPPORT - THIS CATEGORY OF PROGRAMMING INCLUDES THE SENIOR LEADERSHIP TEAM, MARKETING AND COMMUNICATIONS, AND ALL OTHER NECESSARY FUNCTIONS TO LEAD AND SUPPORT THE UNIVERSITY'S STUDENTS AND ACADEMIC MISSION AT THE WAUKESHA, WISCONSIN CAMPUS AND OTHER FACILITIES MADE UP OF 1.3 MILLION SQUARE FEET OF SPACE IN OVER 65 BUILDINGS AND 160-PLUS ACRES OF LAND. ALSO INCLUDED HERE IS INSTITUTIONAL ADVANCEMENT WHICH IS FOCUSED ON FUNDRAISING AND DONOR RELATIONS AND THE ALUMNI RELATIONS DEPARTMENT REACHING OUT TO MORE THAN 23,000 CARROLL ALUMNI ACROSS ALL 50 STATES AND 33 COUNTRIES. ALL OTHER SERVICES THAT SUPPORT THE ADMINISTRATIVE FUNCTIONS OF THE INSTITUTION ARE INCLUDED HERE INCLUDING DEPRECIATION, DEPLETION AND AMORTIZATION.

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
39-0806325
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
1942
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B420)
Assets (IRS master file)
$292,670,600
Income (IRS master file)
$238,547,179

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$147,112,306$144,756,692$292,670,600XML
990-TJune 2025–––IRS
990June 2024$137,477,502$144,694,179$280,286,458XML
990-TJune 2024–––IRS
990June 2023$136,308,213$142,962,234$256,678,685XML
990-TJune 2023–––IRS
990June 2022$144,406,248$139,775,110$248,345,295IRS
990-TJune 2022–––IRS
990June 2021–––IRS
990-TJune 2021–––IRS
990June 2020–––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 39-0806325).

Questions about CARROLL UNIVERSITY INC

What is the EIN of CARROLL UNIVERSITY INC?
The employer identification number (EIN) of CARROLL UNIVERSITY INC is 39-0806325.
Is CARROLL UNIVERSITY INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1942.
Are donations to CARROLL UNIVERSITY INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does CARROLL UNIVERSITY INC 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 CARROLL UNIVERSITY INC 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 CARROLL UNIVERSITY INC 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 CARROLL UNIVERSITY INC?
The 990 for the year ended June 30, 2025 names CINDY GNADINGER.
Who are the officers and directors of CARROLL UNIVERSITY INC?
The 990 for the year ended June 30, 2025 lists 39 people; 14 received compensation from the organization, the highest $556,450 (CINDY GNADINGER, PRESIDENT).
How much revenue does CARROLL UNIVERSITY INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $147,112,306, expenses of $144,756,692 and total assets of $292,670,600 at year end.

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