University of Delaware
Nonprofit profile at a glance
- EIN
- 516000297
- IRS 990 coverage
- 2009–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-T 2024, Form 990-N 2023
- Location
- Newark, DE, USA
- Phone
- 3028312175
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Standard
Reported finances
- Revenue
- $1,689,371,610
- Expenses
- $1,647,542,164
- Assets
- $4,792,169,695
- Liabilities
- $1,493,862,139
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
59 people listed
Executive titles in this filing
- DIONISSIOS N ASSANIS (PRESIDENT)
Highest reported compensation
- DIONISSIOS N ASSANIS (PRESIDENT): $1,523,193 total reported compensation
- KEITH WALTER (CHIEF INVESTMENT OFFICER): $1,267,632 total reported compensation
- DR LAURA A CARLSON (PROVOST): $804,311 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The University of Delaware embodies its motto—“Knowledge is the light of the mind”—and to spread that light requires a community that nurtures intellectual curiosity and free inquiry, where everyone is empowered to learn and to flourish. The 170th Commencement Ceremonies for the University of Delaware which graduated the Class of 2019. The commencement speaker was Matt Nagy, a UD alum from the class of 2001 and the first UD alumnus to earn a head coaching position in the National Football League, becoming head coach of the Chicago Bears in 2018. Mission Statement The University of Delaware exists to cultivate learning, develop knowledge, and foster the free exchange of ideas. State-assisted yet privately governed, the University has a strong tradition of distinguished scholarship, which is manifested in its research and creative activities, teaching, and service, in line with its...
What it reported doing in 2024
Auxiliary services manages many of the university of Delaware's support units providing a wide range of products and services for students, faculty, and staff, including the university's residence halls, bookstore, conference services, dining services, green reservations (areas outside of residence halls and campus buildings), residence hall laundry, university parking, bus service, and printing.
Operating model
- Revenue model
- Other-operating. 82% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 84% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- 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 fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 86
- Transparency & Controls: 86
- Accountability: 96
- Sustainability: 58
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 92.4%; rating input score 92
- Program expense ratio: 89.2%; rating input score 89
- Fundraising efficiency: $12.63 raised per $1 spent on fundraising; rating input score 47; 47th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 6 of 6 controls in place; rating input score 100
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Pass
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: 1 of 8 controls in place; rating input score 12
- Claims monitoring procedures: Pass
- Requires narrative reports: Fail
- Conducts field audits: Fail
- May suspend future funding: Fail
- Requires financial reports: Fail
- 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: 93.5%; rating input score 94; 44th 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: 2.5%; rating input score 45; 45th percentile among comparable filings
- Total-asset coverage ratio: 2.91; rating input score 75; 75th percentile among comparable filings
- Liabilities to assets ratio: 0.31; rating input score 54; 54th percentile among comparable filings
- Officer compensation ratio: 1%; rating input score 75; 75th percentile among comparable filings
Growth
- Program expense growth: 4% per year; rating input score 100; 31st percentile among comparable filings
- Revenue growth: 3.8% per year; rating input score 100; 31st percentile among comparable filings
- Asset growth: 4.1% per year; rating input score 100; 29th percentile among comparable filings
Details
- What they do: 7 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 92.4% of revenue deployed · 89.2% of spending went to programs
- Governance: 29 of 31 board members independent · 9 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $1.5B in reported program spending
- Leadership: top reported pay $1.5M · 59 people listed · 6 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $142.3M reported
- Consistency: 50 of 50 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: 27 filed money-flow records
- Related organizations: 12 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Foreign activity oversight: 7 of 8 not reported.
- Moderate — Financial Efficiency: Fundraising efficiency scored 47/100.
- Moderate — Sustainability: Operating margin scored 45/100.
- Review — Sustainability: Liabilities to assets ratio scored 54/100.