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EIN 42-0680460

Drake University

IRS 501(c) type
501(c)(3)
Num. employees
2,984
City
Des Moines
State
Iowa
Year formed
1881
Most recent tax filings
2023-06-01
NTEE code, primary
B43: University or Technological Institute
Description
Drake University is recognized as one of the finest institutions of higher learning in the Midwest. A midsized, private university in Des Moines, Iowa, they offer the benefits and resources of a larger institution.
Total revenues
$259,104,983
2023
Total expenses
$246,344,127
2023
Total assets
$568,210,282
2023
Num. employees
2,984
2023

Program areas at Drake University

Drake University is a national coeducational, independent and private University with approximately 5,000 students. Drake is accredited by the higher learning commission of the north central association of schools and colleges.

Who funds Drake University

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Bernard Osher FoundationLifelong Learning Institutes$1,050,000
Ellen Glazer Ziegler FoundationBurt Club Restricted Fund$918,724
The Blackbaud Giving FundGeneral Support$538,510
...and 179 more grants received totalling $9,966,743

Personnel at Drake University

NameTitleCompensation
Peggy Fisher, Fa'70Chief Executive Officer
Adam VoigtsChief Financial Officer$194,061
Chris GillChief Information Technology Officer
Venessa Kuhlmann-MacRoChief Administration Officer of Finance$174,014
Renae ChesnutDean , Pharmacy and Health Sciences$210,890
...and 13 more key personnel

Financials for Drake University

RevenuesFYE 06/2023
Total grants, contributions, etc.$52,717,798
Program services$193,042,717
Investment income and dividends$3,143,783
Tax-exempt bond proceeds$0
Royalty revenue$877,185
Net rental income$-61,705
Net gain from sale of non-inventory assets$4,192,890
Net income from fundraising events$11,746
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$5,180,569
Total revenues$259,104,983

Form 990s for Drake University

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-07990View PDF
2022-062023-03-03990View PDF
2021-062022-05-13990View PDF
2020-062021-04-14990View PDF
2019-062020-09-04990View PDF
...and 10 more Form 990s

Organizations like Drake University

OrganizationLocationRevenue
Wake Forest University (WFU)Winston Salem, NC$686,860,190
Texas Christian University (TCU)Fort Worth, TX$1,103,356,620
Fordham UniversityBronx, NY$1,017,256,067
Illinois Institute of Technology (IIT)Chicago, IL$364,483,065
Roosevelt UniversityChicago, IL$131,830,306
Seattle University (SU)Seattle, WA$349,870,682
Touro UniversityNew York, NY$367,265,660
Long Island University (LIU)Greenvale, NY$438,580,813
Hofstra UniversityHempstead, NY$653,515,145
Lehigh UniversityBethlehem, PA$695,392,244
Data update history
August 10, 2024
Received grants
Identified 59 new grant, including a grant for $918,724 from Ellen Glazer Ziegler Foundation
August 2, 2024
Updated personnel
Identified 4 new personnel
July 18, 2024
Posted financials
Added Form 990 for fiscal year 2023
July 13, 2024
Used new vendors
Identified 1 new vendor, including
May 18, 2024
Received grants
Identified 5 new grant, including a grant for $500,000 from Casey's Charities
Nonprofit Types
SchoolsHigher ed institutionsHeadquarter / parent organizations
Issues
Education
Characteristics
LobbyingFundraising eventsOperates internationallyState / local levelReceives government fundingEndowed supportCommunity engagement / volunteeringProvides scholarshipsGala fundraisersAuction fundraisersTax deductible donationsAccepts online donations
General information
Address
2507 University Ave
Des Moines, IA 50311
Metro area
Des Moines-West Des Moines, IA
County
Polk County, IA
Website URL
drake.edu:443/ 
Phone
(515) 271-2011
Facebook page
DrakeUniversity 
Twitter profile
@drakeuniversity 
IRS details
EIN
42-0680460
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1881
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B43: University or Technological Institute
NAICS code, primary
611310: Colleges, Universities, and Professional Schools
Parent/child status
Central organization
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