Nonprofit · EIN 42-0680460
DRAKE UNIVERSITY
Tax-exempt · DES MOINES, IA 50311
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $256,277,389 | $246,295,918 | $9,981,471 | $628,340,806 | $78,936,122 | $549,404,684 |
| June 30, 2024 | 990 | $263,054,627 | $250,461,044 | $12,593,583 | $607,488,087 | $86,036,105 | $521,451,982 |
| June 30, 2023 | 990 | $259,104,983 | $246,344,127 | $12,760,856 | $568,210,282 | $90,602,626 | $477,607,656 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $39,204,664
- of which government grants
- $15,795,455
- Program service revenue
- $187,424,274
- Investment income
- $19,585,915
- Royalties
- $1,108,265
- Net rental income
- -$58,623
- Net gain from sales of assets
- $14,077,823
- Net income from fundraising events
- $31,370
- Other revenue
- $10,062,536
Expenses
- Grants and similar amounts paid
- $85,687,326
- Compensation of officers, directors and key employees
- $1,708,909
- Other salaries and wages
- $73,203,605
- Salaries, compensation and benefits (total)
- $96,781,058
- Professional fundraising fees
- $0
- Legal fees
- $727,302
- Accounting fees
- $190,740
- Occupancy
- $4,311,283
- Travel
- $5,121,358
- Depreciation
- $11,310,500
- Program services (functional)
- $221,542,092
- Management and general (functional)
- $21,246,200
- Fundraising (functional)
- $3,507,626
Balance sheet and other
- Total assets, start of year
- $607,488,087
- Total assets, end of year
- $628,340,806
- Total liabilities, end of year
- $78,936,122
- Net assets, end of year
- $549,404,684
- Land, buildings and equipment
- $229,056,242
- Publicly traded securities
- $110,407,372
- Net assets without donor restrictions
- $240,944,401
- Net assets with donor restrictions
- $308,460,283
- Gross unrelated business income
- $51,512
- Gross receipts
- $363,280,610
- Employees
- 2,821
- Volunteers
- 4,869
- Year formed
- 1881
- State of legal domicile
- IA
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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| EARL MARTIN | PRESIDENT Trustee or director, Officer | 40 | $655,175 | $158,367 |
| BENJAMIN MCCOLLUM | HEAD MEN'S BASKETBALL COACH Highest-paid employee | 40 | $489,243 | $44,135 |
| DARIAN DEVRIES | FORMER MEN'S B-BALL COACH (4/30/24) Former | 40 | $369,080 | $17,111 |
| BRIAN HARDIN | DIRECTOR OF ATHLETICS Highest-paid employee | 40 | $256,175 | $43,108 |
| ALLISON POHLMAN | HEAD WOMEN'S BASKETBALL COACH Highest-paid employee | 40 | $281,364 | $17,828 |
| SUE MATTISON | PROVOST Officer | 40 | $244,267 | $31,489 |
| JERRY ANDERSON | PROFESSOR OF LAW Highest-paid employee | 40 | $246,906 | $28,814 |
| JOHN SMITH | VICE PRESIDENT INST. ADVANCEMENT Officer | 40 | $228,384 | $40,138 |
| ADAM VOIGTS | CFO AND TREASURER Officer | 40 | $211,664 | $39,289 |
| VENESSA KUHLMANN-MACRO | CHIEF ADMINISTRATION OFFICER Officer | 40 | $195,907 | $38,667 |
| MARK ERNST | TRUSTEE AND BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JONATHAN AZU | TRUSTEE AND VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| PEGGY FISHER | TRUSTEE AND VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| PAUL LEAVITT | TRUSTEE AND VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| CYNTHIA LESHER | TRUSTEE AND VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
27 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAUL SCHICKLER | TRUSTEE AND VICE CHAIR Trustee or director, Officer | 1 | $0 |
| LINDSAY WHORTON | TRUSTEE AND VICE CHAIR Trustee or director, Officer | 1 | $0 |
| JOE AIELLO | TRUSTEE Trustee or director | 1 | $0 |
| PATTI AVERY | TRUSTEE Trustee or director | 1 | $0 |
| TOM BERNAU | TRUSTEE Trustee or director | 1 | $0 |
| KAREN BRANDING | TRUSTEE Trustee or director | 1 | $0 |
| SUZIE BURT | TRUSTEE Trustee or director | 1 | $0 |
| LOUIS CARR | TRUSTEE Trustee or director | 1 | $0 |
| JOHNNIE CARSON | TRUSTEE Trustee or director | 1 | $0 |
| MARTA CODINA | TRUSTEE Trustee or director | 1 | $0 |
| PETER COWNIE | TRUSTEE Trustee or director | 1 | $0 |
| ESFAND DINSHAW | TRUSTEE (STARTED 10/1/24) Trustee or director | 1 | $0 |
| PAUL DOUCETTE | TRUSTEE Trustee or director | 1 | $0 |
| KATHY FEHRMAN | TRUSTEE (THRU 6/30/25) Trustee or director | 1 | $0 |
| DAVID GOLDER | TRUSTEE Trustee or director | 1 | $0 |
| GREG JOHANSEN | TRUSTEE Trustee or director | 1 | $0 |
| DOUGLAS LANG | TRUSTEE Trustee or director | 1 | $0 |
| KEN MCCULLUM | TRUSTEE Trustee or director | 1 | $0 |
| RACHEL MCLEAN | TRUSTEE Trustee or director | 1 | $0 |
| JOHN MILLER | TRUSTEE Trustee or director | 1 | $0 |
| AMY OHDE | TRUSTEE Trustee or director | 1 | $0 |
| JEFF RUSSELL | TRUSTEE (STARTED 10/1/24) Trustee or director | 1 | $0 |
| NIKKI SYVERSON | TRUSTEE (STARTED 10/1/24) Trustee or director | 1 | $0 |
| TIFFANY TAUSCHECK | TRUSTEE (STARTED 10/1/24) Trustee or director | 1 | $0 |
| RUDOLPH D TREBELS | TRUSTEE Trustee or director | 1 | $0 |
| IKE VANDEN EYKEL | TRUSTEE (THRU 1/1/2025) Trustee or director | 1 | $0 |
| JIM WALLACE | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 42 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DARIAN DEVRIES | HEAD MEN'S BASKETBALL COACH Highest-paid employee | 40 | $670,358 | $49,161 |
| EARL MARTIN | PRESIDENT & TRUSTEE Trustee or director, Officer | 40 | $552,126 | $155,265 |
| ALLAN VESTAL | PROFESSOR OF LAW Highest-paid employee | 40 | $284,037 | $42,842 |
| BRIAN HARDIN | DIRECTOR OF ATHLETICS Highest-paid employee | 40 | $258,994 | $42,690 |
| JERRY ANDERSON | DEAN OF LAW SCHOOL Highest-paid employee | 40 | $257,211 | $43,280 |
| SUE MATTISON | PROVOST Officer | 40 | $233,066 | $30,236 |
| ALEJANDRO HERNANDEZ | DEAN OF COLLEGE OF BUSINESS Highest-paid employee | 40 | $222,140 | $40,700 |
| JOHN SMITH | VP OF INST. ADVANCEMENT Officer | 40 | $222,920 | $38,105 |
| ADAM VOIGTS | CFO & TREASURER Officer | 40 | $205,668 | $38,314 |
| VENESSA KUHLMANN-MACRO | CHIEF ADMIN OFFICER Officer | 40 | $184,462 | $37,572 |
| MARK ERNST | TRUSTEE & BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JONATHAN AZU | TRUSTEE & VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| PEGGY FISHER | TRUSTEE & VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| PAUL LEAVITT | TRUSTEE & VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| CYNTHIA LESHER | TRUSTEE & VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| PAUL SCHICKLER | TRUSTEE & VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| LINDSAY WHORTON | TRUSTEE & VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JOE AIELLO | TRUSTEE Trustee or director, Officer | 1 | $0 | $0 |
| PATTI AVERY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TOM BERNAU | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KAREN BRANDING | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DOUGLAS BRUCE | TRUSTEE (THRU JAN 2024) Trustee or director | 1 | $0 | $0 |
| SUZIE BURT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARTHA CAPPS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LOUIS CARR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHNNIE CARSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARTA CODINA | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PETER COWNIE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PAUL DOUCETTE | TRUSTEE Trustee or director, Officer | 1 | $0 | $0 |
| KATHY FEHRMAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DAVID GOLDER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GREG JOHANSEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CATHRYN LACY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DOUGLAS LANG | TRUSTEE Trustee or director, Officer | 1 | $0 | $0 |
| KEN MCCULLUM | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RACHEL MCLEAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN MILLER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| AMY OHDE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RUDOLPH D TREBELS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| IKE VANDEN EYKEL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JIM WALLACE | TRUSTEE Trustee or director, Officer | 1 | $0 | $0 |
| LARRY ZIMPLEMAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 41 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DARIAN DEVRIES | HEAD MEN'S BASKETBALL COACH Highest-paid employee | 40 | $631,257 | $46,066 |
| EARL MARTIN | PRESIDENT Trustee or director, Officer | 40 | $493,003 | $152,927 |
| ALLAN VESTAL | PROFESSOR OF LAW Highest-paid employee | 40 | $270,284 | $41,381 |
| JERRY ANDERSON | DEAN OF LAW SCHOOL Highest-paid employee | 40 | $253,856 | $42,363 |
| BRIAN HARDIN | DIRECTOR OF ATHLETICS Highest-paid employee | 40 | $247,146 | $40,907 |
| SUE MATTISON | PROVOST Officer | 40 | $237,519 | $36,018 |
| JOHN SMITH | VP OF INST. ADVANCEMENT Officer | 40 | $206,761 | $36,794 |
| ALLISON POHLMAN | HEAD WOMEN'S BASKETBALL COACH Highest-paid employee | 40 | $224,970 | $15,398 |
| ADAM VOIGTS | CFO & TREASURER Officer | 40 | $194,061 | $36,009 |
| VENESSA KUHLMANN-MACRO | CHIEF ADMIN OFFICER Officer | 40 | $174,014 | $35,818 |
| MARK ERNST | TRUSTEE & BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JOE AIELLO | TRUSTEE & VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JONATHAN AZU | TRUSTEE & VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| PAUL DOUCETTE | TRUSTEE & VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| PEGGY FISHER | TRUSTEE & VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| DOUGLAS LANG | TRUSTEE & VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| PAUL LEAVITT | TRUSTEE & VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| CYNTHIA LESHER | TRUSTEE & VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| PAUL SCHICKLER | TRUSTEE & VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JIM WALLACE | TRUSTEE & VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| LINDSAY WHORTON | TRUSTEE & VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| TOM BERNAU | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KAREN BRANDING | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DOUGLAS BRUCE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SUZIE BURT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARTHA CAPPS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LOUIS CARR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHNNIE CARSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARTA CODINA | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PETER COWNIE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KATHY FEHRMAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DAVID GOLDER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DANIEL JACOBI | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GREG JOHANSEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CATHRYN LACY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RACHEL MCLEAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DAVID MILES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| AMY OHDE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RUDOLPH D TREBELS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| IKE VANDEN EYKEL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LARRY ZIMPLEMAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2507 UNIVERSITY AVE, DES MOINES, IA 50311-4516
- Mailing address (990-N for 2007)
- 2507 University Avenue, Des Moines IA 503114505
- Principal officer (990 for 2024)
- EARL F MARTIN, 2507 UNIVERSITY AVENUE, DES MOINES, IA 50311
- Principal officer (990-N for 2007)
- Charisse Buising, Dept of Biology Drake University, 2507 University Avenue, Des Moines IA 503114505
- Signed the 990
- ADAM VOIGTS, CHIEF FINANCIAL OFFICER
- Phone
- (515) 271-3112
- Website
- http://www.drake.edu/
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
SEE SCHEDULE O.DRAKE'S MISSION IS TO PROVIDE AN EXCEPTIONAL LEARNING ENVIRONMENT THAT PREPARES STUDENTS FOR MEANINGFUL PERSONAL LIVES, PROFESSIONAL ACCOMPLISHMENTS, AND RESPONSIBLE GLOBAL CITIZENSHIP. THE DRAKE EXPERIENCE IS DISTINGUISHED BY COLLABORATIVE LEARNING AMONG STUDENTS, FACULTY, AND STAFF AND BY THE INTEGRATION OF THE LIBERAL ARTS AND SCIENCES WITH PROFESSIONAL PREPARATION.
Program accomplishments
- DRAKE UNIVERSITY IS A NATIONAL COEDUCATIONAL, INDEPENDENT AND PRIVATE UNIVERSITY WITH APPROXIMATELY 5,000 STUDENTS ENROLLED FOR THE 2024 - 2025 ACADEMIC YEAR. DRAKE IS ACCREDITED BY THE HIGHER LEARNING COMMISSION OF THE NORTH CENTRAL ASSOCIATION OF SCHOOLS AND COLLEGES.Expenses $221,542,092 · grants $85,687,326 · revenue $187,361,971
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 42-0680460
- 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
- 1950
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B430)
- Assets (IRS master file)
- $628,340,806
- Income (IRS master file)
- $363,280,610
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $256,277,389 | $246,295,918 | $628,340,806 | XML |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $263,054,627 | $250,461,044 | $607,488,087 | XML |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $259,104,983 | $246,344,127 | $568,210,282 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $252,974,293 | $237,997,226 | $538,166,489 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
| 990-N for 2007 Officer: Charisse Buising | May 31, 2008 | ≤ $50,000 receipts | – | – | e-Postcard |
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 42-0680460).
Questions about DRAKE UNIVERSITY
- What is the EIN of DRAKE UNIVERSITY?
- The employer identification number (EIN) of DRAKE UNIVERSITY is 42-0680460.
- Is DRAKE UNIVERSITY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1950.
- Are donations to DRAKE UNIVERSITY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DRAKE 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 DRAKE 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 DRAKE 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 DRAKE UNIVERSITY?
- The 990 for the year ended June 30, 2025 names EARL F MARTIN.
- Who are the officers and directors of DRAKE UNIVERSITY?
- The 990 for the year ended June 30, 2025 lists 42 people; 10 received compensation from the organization, the highest $655,175 (EARL MARTIN, PRESIDENT).
- How much revenue does DRAKE UNIVERSITY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $256,277,389, expenses of $246,295,918 and total assets of $628,340,806 at year end.
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