DePauw University
Nonprofit profile at a glance
- EIN
- 350869045
- IRS 990 coverage
- 2009–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Greencastle, Indiana, USA
- Phone
- (765) 658-4800
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- Undergraduate College (4-year)
Reported finances
- Revenue
- $263,810,956
- Expenses
- $203,426,887
- Assets
- $1,437,619,260
- Liabilities
- $199,237,866
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
54 people listed
Executive titles in this filing
- Andrea Young (Vice President for Finance and Administration)
- David Berque (Vice President for Academic Affairs)
- Dionne Jackson (Vice President for Institutional Equity)
- Lori S White (President)
- Mary E Petrie (Vice President for Enrollment Management)
- Steven Fouty (Executive Director of Hubbard Center & Director of McDermond Center)
Highest reported compensation
- Lori S White (President): $866,301 total reported compensation
- Amy Kwas (VP for Development & Alumni Engagement): $332,335 total reported compensation
- Andrea Young (Vice President for Finance and Administration): $310,410 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
DePauw University develops the leadership skills, critical thinking and experience necessary to lead in today’s world.
What it reported doing in 2024
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)
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 56% for direct work, and 44% for grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 78
- Transparency & Controls: 81
- Accountability: 100
- Sustainability: 83
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 75.4%; rating input score 75
- Program expense ratio: 86.9%; rating input score 87
- Fundraising efficiency: $24.34 raised per $1 spent on fundraising; rating input score 62; 62nd percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: 2 of 8 controls in place; rating input score 25
- Claims monitoring procedures: Pass
- Requires narrative reports: Fail
- Conducts field audits: Fail
- May suspend future funding: Fail
- Requires financial reports: Pass
- Conducts site visits: Fail
- Requires grant agreements: Fail
- May require repayment: Fail
- Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 22.9%; rating input score 89; 89th percentile among comparable filings
- Total-asset coverage ratio: 7.07; rating input score 88; 88th percentile among comparable filings
- Liabilities to assets ratio: 0.14; rating input score 77; 77th percentile among comparable filings
- Officer compensation ratio: 2.3%; rating input score 49; 49th percentile among comparable filings
Growth
- Program expense growth: 1.7% per year; rating input score 100; 13th percentile among comparable filings
- Revenue growth: 2.8% per year; rating input score 100; 20th percentile among comparable filings
- Asset growth: 3.8% per year; rating input score 100; 26th percentile among comparable filings
Details
- What they do: 6 programs and campaigns described on the official site
- Where the money goes: 75.4% of revenue deployed · 86.9% of spending went to programs
- Governance: 34 of 34 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $176.8M in reported program spending
- Leadership: top reported pay $866K · 54 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $12.4M reported
- Consistency: 44 of 44 current checks pass
- Schedules: 14 filed schedules · includes major donors, foreign activity, grants, executive pay, and related organizations
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 18 filed money-flow records
- Related organizations: 3 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Foreign activity oversight: 6 of 8 not reported.
- Moderate — Sustainability: Officer compensation ratio scored 49/100.