Nonprofit · EIN 42-0703280
ST AMBROSE UNIVERSITY
Also known as THE NORTHERN TRUST COMPANY
Tax-exempt · DAVENPORT, IA 52803
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $230,527,484 | $114,570,414 | $115,957,070 | $542,680,439 | $63,970,997 | $478,709,442 |
| June 30, 2024 | 990 | $121,522,041 | $116,195,488 | $5,326,553 | $410,861,860 | $65,058,561 | $345,803,299 |
| June 30, 2023 | 990 | $120,947,375 | $113,414,845 | $7,532,530 | $385,748,926 | $67,609,140 | $318,139,786 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $120,260,222
- of which government grants
- $801,176
- Program service revenue
- $97,753,751
- Investment income
- $12,281,030
- Net rental income
- $51,012
- Net gain from sales of assets
- $5,325,472
- Net income from fundraising events
- -$60,287
- Net income from sales of inventory
- $241,756
- Other revenue
- $232,481
Expenses
- Grants and similar amounts paid
- $40,821,992
- Compensation of officers, directors and key employees
- $1,441,273
- Other salaries and wages
- $31,600,863
- Salaries, compensation and benefits (total)
- $40,270,160
- Professional fundraising fees
- $0
- Legal fees
- $792,067
- Accounting fees
- $228,480
- Occupancy
- $2,938,986
- Travel
- $1,247,901
- Depreciation
- $6,644,110
- Program services (functional)
- $96,445,500
- Management and general (functional)
- $16,170,324
- Fundraising (functional)
- $1,954,590
Balance sheet and other
- Total assets, start of year
- $410,861,860
- Total assets, end of year
- $542,680,439
- Total liabilities, end of year
- $63,970,997
- Net assets, end of year
- $478,709,442
- Land, buildings and equipment
- $194,949,253
- Publicly traded securities
- $232,842,120
- Net assets without donor restrictions
- $357,962,883
- Net assets with donor restrictions
- $120,746,559
- Gross unrelated business income
- $389,202
- Gross receipts
- $290,665,866
- Employees
- 1,379
- Volunteers
- 168
- Year formed
- 1885
- 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 |
|---|---|---|---|---|
| DR AMY C NOVAK | PRESIDENT/SECRETARY/TREASURER Trustee or director, Officer | 40 | $387,049 | $47,607 |
| MICHAEL C POSTER | VP FIN/ASST SEC/TREAS (THRU 11/24) Officer | 40 | $218,197 | $36,988 |
| DR TOBY ARQUETTE | VP COMMUNICATIONS & MARKETING Officer | 40 | $202,132 | $25,987 |
| JOSEPH ROIDT | VP ACADEMIC Officer | 40 | $184,157 | $31,188 |
| PATRICK ARCHER | ASSOCIATE PROVOST Highest-paid employee | 40 | $149,563 | $33,100 |
| ANNE GANNAWAY | VP ADVANCEMENT Officer | 40 | $159,700 | $22,073 |
| CHRISTOPHER WAUGH | VP STUDENT SUCCESS Officer | 40 | $144,880 | $28,650 |
| LYNN KILBURG | DEAN CHHS Highest-paid employee | 40 | $137,898 | $31,699 |
| KATHERINE VANBLAIR | PROFESSOR Highest-paid employee | 40 | $138,663 | $22,154 |
| JANENE FINLEY | PROFESSOR Highest-paid employee | 40 | $143,781 | $9,538 |
| ARTHUR MOREAU | PROFESSOR Highest-paid employee | 40 | $138,856 | $9,577 |
| BRIAN BASSIER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN BEAR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TOM BERTHEL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KEN BRUNE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
23 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHELE BUSSE | BOARD MEMBER Trustee or director | 1 | $0 |
| RENEE CITERA | BOARD MEMBER & CO-CHAIR Trustee or director, Officer | 1 | $0 |
| PHIL DOHERTY | BOARD MEMBER Trustee or director | 1 | $0 |
| LAURA EKIZIAN | BOARD MEMBER & VICE CHAIR Trustee or director, Officer | 1 | $0 |
| FR THOM HENNEN | BOARD MEMBER Trustee or director | 1 | $0 |
| LYN KETELSEN | BOARD MEMBER Trustee or director | 1 | $0 |
| MARK KILMER | BOARD MEMBER Trustee or director | 1 | $0 |
| SR VICKY LARSON | BOARD MEMBER Trustee or director | 1 | $0 |
| BRIAN LEMEK | BOARD MEMBER Trustee or director | 1 | $0 |
| JERRY LYPHOUT | BOARD MEMBER Trustee or director | 1 | $0 |
| THOMAS MASON IV | BOARD MEMBER Trustee or director | 1 | $0 |
| REV ROBERT MCALEER | BOARD MEMBER Trustee or director | 1 | $0 |
| JOSEPH O'ROURKE | BOARD MEMBER Trustee or director | 1 | $0 |
| PAUL SACHS | BOARD MEMBER & VICE CHAIR Trustee or director, Officer | 1 | $0 |
| RANDALL SERGESKETTER | BOARD MEMBER Trustee or director | 1 | $0 |
| JANET SICHTERMAN | BOARD MEMBER Trustee or director | 1 | $0 |
| DYAN SMITH | BOARD MEMBER Trustee or director | 1 | $0 |
| PATRICIA SNYDER | BOARD MEMBER Trustee or director | 1 | $0 |
| BREANN THOMPSON | BOARD MEMBER Trustee or director | 1 | $0 |
| PAUL THOMPSON | BOARD MEMBER Trustee or director | 1 | $0 |
| BISHOP DENNIS WALSH | BOARD MEMBER & CO-CHAIR Trustee or director, Officer | 1 | $0 |
| SISTER MARGARET WEIGEL | BOARD MEMBER Trustee or director | 1 | $0 |
| COURTNEY BERG | VP FIN/ASST SEC/TREAS (EFF 2/25) Officer | 40 | $0 |
990 for the year ended June 30, 2024: 40 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DR AMY C NOVAK | PRESIDENT/SECRETARY/TREASURER Trustee or director, Officer | 40 | $380,609 | $46,819 |
| MICHAEL C POSTER | VP FINANCE/ASST SECRETARY/TREASURER Officer | 40 | $213,527 | $37,669 |
| DR TOBY ARQUETTE | VP COMMUNICATIONS & MARKETING Officer | 40 | $180,594 | $23,855 |
| JOHN BYRNE | PROFESSOR Highest-paid employee | 40 | $168,073 | $16,472 |
| ARTHUR MOREAU | PROFESSOR Highest-paid employee | 40 | $174,057 | $9,154 |
| PATRICK ARCHER | ASSOCIATE PROVOST Highest-paid employee | 40 | $146,265 | $30,735 |
| ANNE GANNAWAY | VP ADVANCEMENT Officer | 40 | $148,886 | $20,659 |
| LYNN KILBURG | DEAN CHHS Highest-paid employee | 40 | $138,825 | $30,111 |
| DR PAUL KOCH UNTIL 62023 | FMR VP ACADEMIC & STUDENT AFFAIRS Former | 40 | $146,738 | $18,583 |
| CHRISTOPHER WAUGH | VP STUDENT SUCCESS Officer | 40 | $126,555 | $27,592 |
| LESHANE SADDLER UNTIL 62023 | FMR VP ENROLLMENT MANAGEMENT Former | 40 | $137,003 | $13,109 |
| MARITZA ESPINA | PROFESSOR Highest-paid employee | 40 | $133,587 | $8,588 |
| JOSEPH ROIDT | VP ACADEMIC Officer | 40 | $99,652 | $15,177 |
| BISHOP T ZINKULA UNTIL 102023 | BOARD MEMBER & CO-CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| BRIAN BASSIER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN BEAR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TOM BERTHEL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KEN BRUNE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| EDMUND CARROLL UNTIL 92023 | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RENEE CITERA | BOARD MEMBER & CO-CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| PHIL DOHERTY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LAURA EKIZIAN | BOARD MEMBER & VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JOHN F HECKINGER UNTIL 82023 | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| FR THOM HENNEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| THOMAS HIGGINS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LYN KETELSEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARK KILMER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SR VICKY LARSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BRIAN LEMEK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ELIZABETH LEMEK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JERRY LYPHOUT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| THOMAS MASON IV | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| REV ROBERT MCALEER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOSEPH O'ROURKE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CAROLINE RUHL UNTIL 102023 | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PAUL SACHS | BOARD MEMBER & VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JANET SICHTERMAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PATRICIA SNYDER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BREANN THOMPSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PAUL THOMPSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 37 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DR AMY C NOVAK | PRESIDENT/BOARD SEC/TREASURER Trustee or director, Officer | 40 | $362,401 | $38,203 |
| MICHAEL C POSTER | VP FINANCE/BOARD ASST SEC/TREASURER Officer | 40 | $222,456 | $36,411 |
| DR PAUL KOCH UNTIL 62023 | VP ACADEMIC & STUDENT AFFAIRS Officer | 40 | $221,383 | $35,750 |
| JAMES STANGLE UNTIL 32023 | VP ADVANCEMENT Officer | 40 | $201,057 | $21,190 |
| LESHANE SADDLER UNTIL 62023 | VP ENROLLMENT MANAGEMENT Officer | 40 | $176,738 | $25,158 |
| MARITZA ESPINA | DEAN COLLEGE OF BUSINESS Highest-paid employee | 40 | $181,061 | $12,809 |
| PATRICK ARCHER | DEAN CAS Highest-paid employee | 40 | $144,252 | $30,432 |
| JANENE FINLEY | PROFESSOR Highest-paid employee | 40 | $139,316 | $9,213 |
| ARTHUR MOREAU | PROFESSOR Highest-paid employee | 40 | $133,177 | $9,050 |
| MICHAEL CIPRIANO | PROFESSOR Highest-paid employee | 40 | $119,768 | $15,987 |
| ANNE GANNAWAY | VP ADVANCEMENT Officer | 40 | $99,410 | $17,008 |
| DR TOBY ARQUETTE | VP COMMUNICATIONS & MARKETING Officer | 40 | $70,410 | $7,934 |
| BISHOP THOMAS ZINKULA | BOARD MEMBER & CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| DR DAN BRODERICK | BOARD MEMBER & VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| BRIAN BASSIER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN BEAR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TOM BERTHEL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KEN BRUNE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| EDMUND CARROLL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RENEE CITERA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PHIL DOHERTY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LAURA EKIZIAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JAMES M FIELD UNTIL 12023 | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN F HECKINGER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| THOMAS HIGGINS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LYN KETELSEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARK KILMER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BRIAN LEMEK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ELIZABETH LEMEK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| THOMAS MASON IV | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| REV ROBERT MCALEER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOSEPH O'ROURKE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CAROLINE RUHL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PAUL SACHS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PATRICIA SNYDER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BREANN THOMPSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PAUL THOMPSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 518 W LOCUST ST, DAVENPORT, IA 52803-2829
- Principal officer (990 for 2024)
- DR AMY C NOVAK, 518 W LOCUST ST, DAVENPORT, IA 52803
- Signed the 990
- DR AMY C NOVAK, PRESIDENT
- Phone
- (563) 333-6329
- Website
- SAU.EDU
- Return prepared by
- RSM US LLP
Mission
MISSION STATEMENT: AN INCLUSIVE, CATHOLIC, AND DIOCESAN COMMUNITY OF LEARNERS, ST. AMBROSE UNIVERSITY EMPOWERS ALL AMBROSIANS TO ACT COURAGEOUSLY, TO SEEK WISDOM THROUGH FAITH AND REASON, TO WORK FOR JUSTICE, AND TO LEAD LIVES OF SERVICE. VISION STATEMENT: ST. AMBROSE UNIVERSITY WILL BE A VIBRANT, SUSTAINABLE, AND LEARNER-FOCUSED MODEL FOR CATHOLIC HIGHER EDUCATION, PREPARING INDIVIDUALS FROM ALL WALKS OF LIFE TO LEAD LIVES CHARACTERIZED BY COURAGE, WISDOM, JUSTICE, AND SERVICE.
Program accomplishments
- *INSTRUCTION: PROVIDES UNDERGRADUATE AND GRADUATE PROGRAMS ARE MADE UP OF 3 COLLEGES: ARTS AND SCIENCES, BUSINESS AND HEALTH & HUMAN SERVICES. 7 BACHELORS (68 MAJORS), 14 MASTERS AND 4 DOCTORAL DEGREES ARE OFFERED.*STUDENT AID & SCHOLARSHIPS: THE UNIVERSITY SERVES STUDENTS BY PROVIDING SCHOLARSHIPS AND GRANTS FUNDED BY FEDERAL, STATE, UNIVERSITY AND PRIVATE SOURCES. *STUDENT SERVICES: THE UNIVERSITY SERVES THE STUDENT COMMUNITY BY PROVIDING FINANCIAL AID ASSISTANCE, REGISTRATION, ADMISSIONS, COUNSELING, RESIDENCE LIFE, CAREER DEVELOPMENT, CAMPUS RECREATION, INTERCOLLEGIATE ATHLETICS AND OTHER PROGRAMS.Expenses $74,698,974 · grants $40,821,992 · revenue $81,401,885
- *AUXILIARY ENTERPRISES & ACTIVITIES: PROVIDES FOOD SERVICE AND HOUSING FOR AN APPROXIMATE CAPACITY OF 3,100 STUDENTS.Expenses $13,828,080 · revenue $15,974,125
- *OTHER PROGRAM SERVICES AND ACADEMIC SUPPORT: PROVIDES INSTITUTIONAL SUPPORT BY THE OFFICES OF THE VICE PRESIDENT FOR ACADEMIC AND STUDENT AFFAIRS AND THE VICE PRESIDENT OF ENROLLMENT MANAGEMENT.Expenses $7,918,446
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
- 42-0703280
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Organization supporting a government college or university
- Exempt since
- 1946
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B430)
- Group exemption
- 0928: UNITED STATES CATHOLIC CONFERENCE
- Assets (IRS master file)
- $542,680,439
- Income (IRS master file)
- $290,665,866
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $230,527,484 | $114,570,414 | $542,680,439 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $121,522,041 | $116,195,488 | $410,861,860 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $120,947,375 | $113,414,845 | $385,748,926 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $125,922,880 | $113,433,185 | $363,252,407 | 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: 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 42-0703280).
Questions about ST AMBROSE UNIVERSITY
- What is the EIN of ST AMBROSE UNIVERSITY?
- The employer identification number (EIN) of ST AMBROSE UNIVERSITY is 42-0703280.
- Is ST AMBROSE UNIVERSITY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1946.
- Which annual return does ST AMBROSE 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 ST AMBROSE 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 ST AMBROSE 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 ST AMBROSE UNIVERSITY?
- The 990 for the year ended June 30, 2025 names DR AMY C NOVAK.
- Who are the officers and directors of ST AMBROSE UNIVERSITY?
- The 990 for the year ended June 30, 2025 lists 38 people; 11 received compensation from the organization, the highest $387,049 (DR AMY C NOVAK, PRESIDENT/SECRETARY/TREASURER).
- How much revenue does ST AMBROSE UNIVERSITY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $230,527,484, expenses of $114,570,414 and total assets of $542,680,439 at year end.
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