Edgewood University Inc

Nonprofit profile at a glance

EIN
390806202
IRS 990 coverage
2009–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Madison, WI, USA
Phone
6086634861
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
University or Technological Institute

Official website

Reported finances

Revenue
$68,871,673
Expenses
$70,275,796
Assets
$162,734,760
Liabilities
$17,116,770

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

31 people listed

Executive titles in this filing

  • ANDREW MANION (PRESIDENT)
  • AMANDA BERG (VICE PRESIDENT OF FINANCE)

Highest reported compensation

  • ANDREW MANION (PRESIDENT): $385,894 total reported compensation
  • KATIE VESPERMAN (VP INSTITUTIONAL ADVANCEMENT): $223,582 total reported compensation
  • WILLIAM MANGAN (VP FOR ACADEMIC AFFAIRS): $218,648 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Edgewood university, rooted in the dominican tradition, engages students within a community of learners committed to building a just and compassionate world. The university educates students for meaningful personal and professional lives of ethical leadership, service, and a lifelong search for truth.

What it reported doing in 2024

Instruction- post-secondary education, with programs for traditional undergraduates, accelerated programs for returning adults, graduate programs, and doctoral education. Full-time equivalent enrollment of 1107 undergraduate and 838 graduate and post baccalaureate students.

Operating model

Revenue model
Earned-program. 90% of the money available for current operations came from fees and other program revenue.
Distribution model
Hybrid. The nonprofit split its reported program spending across 69% for direct work, and 31% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - 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 fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 81
  • Transparency & Controls: 70
  • Accountability: 87
  • Sustainability: 43
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 91.5%; rating input score 91
  • Program expense ratio: 88.5%; rating input score 88
  • Fundraising efficiency: $2.44 raised per $1 spent on fundraising; rating input score 8; 8th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 86.4%; rating input score 86; 33rd percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • 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: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -2%; rating input score 19; 19th percentile among comparable filings
  • Total-asset coverage ratio: 2.32; rating input score 68; 68th percentile among comparable filings
  • Liabilities to assets ratio: 0.11; rating input score 82; 82nd percentile among comparable filings
  • Officer compensation ratio: 3.3%; rating input score 34; 34th percentile among comparable filings

Growth

  • Program expense growth: 0.6% per year; rating input score 100; 9th percentile among comparable filings
  • Revenue growth: 0.6% per year; rating input score 100; 7th percentile among comparable filings
  • Asset growth: 2.2% per year; rating input score 100; 16th percentile among comparable filings

Details

  • Where the money goes: 91.5% of revenue deployed · 88.5% of spending went to programs
  • Governance: 19 of 22 board members independent · 8 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $62.2M in reported program spending
  • Leadership: top reported pay $386K · 31 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $7.6M reported
  • Consistency: 38 of 38 current checks pass
  • Schedules: 12 filed schedules · includes major donors, foreign activity, grants, and executive pay
  • Filing history: 15 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 13 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • High — Financial Efficiency: Fundraising efficiency scored 8/100.
  • High — Sustainability: Operating margin scored 19/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • Moderate — Sustainability: Officer compensation ratio scored 34/100.
  • High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.