Nonprofit · EIN 27-1503981
HERZING UNIVERSITY LTD
Tax-exempt · MILWAUKEE, WI 53203
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $243,943,025 | $220,124,266 | $23,818,759 | $228,878,156 | $72,232,829 | $156,645,327 |
| December 31, 2024 | 990 | $200,540,033 | $186,942,854 | $13,597,179 | $189,354,313 | $66,096,804 | $123,257,509 |
| December 31, 2023 | 990 | $171,370,509 | $176,351,745 | -$4,981,236 | $166,149,884 | $60,254,149 | $105,895,735 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $4,572,041
- of which government grants
- $4,391,060
- Program service revenue
- $234,453,222
- Investment income
- $4,875,507
- Net gain from sales of assets
- $1,811,347
- Other revenue
- $42,255
Expenses
- Grants and similar amounts paid
- $21,115,737
- Compensation of officers, directors and key employees
- $3,791,613
- Other salaries and wages
- $75,783,719
- Salaries, compensation and benefits (total)
- $92,852,859
- Professional fundraising fees
- $69,356
- Legal fees
- $795,651
- Accounting fees
- $274,870
- Occupancy
- $10,198,248
- Travel
- $2,801,559
- Depreciation
- $6,146,968
- Program services (functional)
- $191,796,371
- Management and general (functional)
- $28,258,539
- Fundraising (functional)
- $69,356
Balance sheet and other
- Total assets, start of year
- $189,354,313
- Total assets, end of year
- $228,878,156
- Total liabilities, end of year
- $72,232,829
- Net assets, end of year
- $156,645,327
- Land, buildings and equipment
- $30,427,918
- Publicly traded securities
- $98,789,753
- Net assets without donor restrictions
- $155,209,731
- Net assets with donor restrictions
- $1,435,596
- Gross receipts
- $285,630,322
- Employees
- 2,091
- Volunteers
- 0
- Year formed
- 2009
- State of legal domicile
- WI
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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RENEE HERZING | PRESIDENT/CEO Officer | 40 | $768,813 | $47,994 |
| ERIK PARKS | COO Key employee | 40 | $616,472 | $27,333 |
| NIGEL LONGWORTH | CIO Key employee | 40 | $536,957 | $51,199 |
| JAMES GILLESPIE | CMO Key employee | 40 | $496,344 | $49,882 |
| KATHERINE KAUTZER | PROVOST/CAO Officer | 40 | $451,360 | $46,506 |
| JEFFREY CROSS | SVP OF ONLINE OPERATIONS Highest-paid employee | 40 | $387,686 | $34,369 |
| NARASIMHA SUDARSHAN | CFO/TREASURER Officer | 40 | $344,638 | $18,760 |
| JEFFREY HILL | REGIONAL CAMPUS PRESIDENT Highest-paid employee | 40 | $283,717 | $34,043 |
| DERRICK POPE | VP ADMISSIONS Highest-paid employee | 40 | $255,570 | $31,034 |
| MLADEN GRGIC | VP, IT Highest-paid employee | 40 | $233,396 | $30,187 |
| STEPHANIE MARLOW | SVP OF HUMAN RESOURCES Highest-paid employee | 40 | $238,559 | $15,112 |
| KATHERINE HAUSER | CONTROLLER/CORPORATE SECRETARY Officer | 40 | $151,929 | $16,427 |
| MARK AMBROSIUS | TRUSTEE Trustee or director | 1 | $27,000 | $0 |
| JOSEPH HILL | TRUSTEE Trustee or director | 1 | $18,000 | $0 |
| SCOTT REID | TRUSTEE Trustee or director | 1 | $18,000 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JILL SCHWIETERS | TRUSTEE Trustee or director | 1 | $16,000 |
| TONJIA COVERDALE | TRUSTEE Trustee or director | 1 | $14,000 |
| JOHN LOPEZ | TRUSTEE/CHAIRPERSON Trustee or director, Officer | 1 | $13,000 |
| CARRIE HARRIS-MULLER | TRUSTEE Trustee or director | 1 | $10,500 |
| NARAJI KAJI | TRUSTEE Trustee or director | 1 | $10,500 |
| CYNTHIA CLEVELAND | TRUSTEE Trustee or director | 1 | $10,000 |
| JOSEPH FROEHLICH | TRUSTEE Trustee or director | 1 | $10,000 |
| HENRY HERZING | TRUSTEE Trustee or director | 1 | $10,000 |
| CHRISTINE PHARR | TRUSTEE/VICE CHAIRPERSON Trustee or director, Officer | 1 | $10,000 |
990 for the year ended December 31, 2024: 23 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RENEE HERZING | PRESIDENT/CEO Officer | 40 | $625,187 | $48,053 |
| ERIK PARKS | CFO/COO & TREASURER Officer | 40 | $516,592 | $26,042 |
| NIGEL LONGWORTH | CIO/COO Key employee | 40 | $451,431 | $50,899 |
| JAMES GILLESPIE | CMO Key employee | 40 | $399,734 | $49,599 |
| KATHERINE KAUTZER | PROVOST/CAO Officer | 40 | $370,305 | $45,855 |
| JEFFREY CROSS | SVP OF ONLINE OPERATIONS Highest-paid employee | 40 | $297,836 | $32,228 |
| JEFFREY HILL | REGIONAL VICE PRESIDENT - MIDWEST Highest-paid employee | 40 | $244,661 | $32,744 |
| MLADEN GRGIC | VP, IT Highest-paid employee | 40 | $219,668 | $29,505 |
| DERRICK POPE | VP ADMISSIONS Highest-paid employee | 40 | $205,399 | $31,215 |
| SARAH HIGGINS | REGIONAL VICE PRESIDENT - SOUTH Highest-paid employee | 40 | $184,897 | $26,328 |
| KATHERINE HAUSER | CONTROLLER/CORPORATE SECRETARY Officer | 40 | $133,577 | $15,507 |
| MARK AMBROSIUS | TRUSTEE Trustee or director | 1 | $39,500 | $0 |
| JOHN LOPEZ | TRUSTEE/CHAIRPERSON Trustee or director, Officer | 1 | $14,000 | $0 |
| SCOTT REID | TRUSTEE Trustee or director | 1 | $13,000 | $0 |
| PATRICIA TODUS | TRUSTEE (UNTIL 12/31/24) Trustee or director | 1 | $13,000 | $0 |
| CYNTHIA CLEVELAND | TRUSTEE Trustee or director | 1 | $11,000 | $0 |
| CHRISTINE PHARR | TRUSTEE/VICE CHAIRPERSON Trustee or director, Officer | 1 | $11,000 | $0 |
| JILL SCHWIETERS | TRUSTEE Trustee or director | 1 | $11,000 | $0 |
| JOSEPH FROEHLICH | TRUSTEE Trustee or director | 1 | $10,000 | $0 |
| ERIN HARENG | TRUSTEE (UNTIL 12/31/24) Trustee or director | 1 | $10,000 | $0 |
| HENRY HERZING | TRUSTEE Trustee or director | 1 | $10,000 | $0 |
| JOSEPH HILL | TRUSTEE Trustee or director | 1 | $10,000 | $0 |
| TONJIA COVERDALE | TRUSTEE Trustee or director | 1 | $7,000 | $0 |
990 for the year ended December 31, 2023: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RENEE HERZING | PRESIDENT/CEO Officer | 40 | $598,241 | $49,199 |
| NIGEL LONGWORTH | COO/CIO Key employee | 40 | $465,820 | $49,171 |
| ERIK PARKS | CFO/TREASURER Officer | 40 | $455,606 | $25,739 |
| JAMES GILLESPIE | CMO Key employee | 40 | $402,746 | $48,029 |
| KATHERINE KAUTZER | PROVOST/CAO Officer | 40 | $378,487 | $46,254 |
| JASON MORGAN | SVP, OPS GROUND CAMPUSES UNTIL 12/23 Highest-paid employee | 40 | $301,512 | $22,753 |
| JEFF CROSS | SVP OF ONLINE OPERATIONS Highest-paid employee | 40 | $269,247 | $33,526 |
| JEFFREY HILL | REGIONAL CAMPUS PRESIDENT Highest-paid employee | 40 | $222,125 | $31,716 |
| SHANNON GRASS | SVP, HUMAN RESOURCES UNTIL 12/23 Highest-paid employee | 40 | $222,267 | $30,923 |
| MLADEN GRGIC | VP, IT Highest-paid employee | 40 | $206,512 | $29,085 |
| KATHERINE HAUSER | CONTROLLER/CORPORATE SECRETARY Officer | 40 | $120,476 | $15,211 |
| JOSEPH HILL | TRUSTEE Trustee or director | 1 | $21,000 | $0 |
| MARK AMBROSIUS | TRUSTEE Trustee or director | 1 | $19,000 | $0 |
| JOSEPH FROEHLICH | TRUSTEE/CHAIRPERSON Trustee or director, Officer | 1 | $14,000 | $0 |
| ERIN HARENG | TRUSTEE Trustee or director | 1 | $11,000 | $0 |
| MARGARET LEE | TRUSTEE Trustee or director | 1 | $11,000 | $0 |
| JOHN LOPEZ | TRUSTEE Trustee or director | 1 | $11,000 | $0 |
| WENDY BAUMANN | TRUSTEE/SECRETARY Trustee or director, Officer | 1 | $10,000 | $0 |
| CYNTHIA CLEVELAND | TRUSTEE Trustee or director | 1 | $10,000 | $0 |
| HENRY HERZING | TRUSTEE Trustee or director | 1 | $10,000 | $0 |
| CHRISTINE PHARR | TRUSTEE Trustee or director | 1 | $10,000 | $0 |
| PATRICIA TODUS | TRUSTEE/VICE CHAIRPERSON Trustee or director, Officer | 1 | $8,500 | $0 |
Address and contacts
- Address (IRS master file)
- 275 W WISCONSIN AVE STE 210, MILWAUKEE, WI 53203-3301
- In care of
- % PAYROLL DEPARTMENT
- Mailing address (990-N for 2010)
- 525 North 6th Street, Milwaukee WI 53203
- Principal officer (990 for 2025)
- RENEE HERZING, 275 W WISCONSIN AVENUE 210, MILWAUKEE, WI 53203
- Principal officer (990-N for 2010)
- Henry Herzing, 525 North 6th Street, Milwaukee WI 53203
- Signed the 990
- NARASIMHA SUDARSHAN, CFO/TREASURER
- Phone
- (262) 293-0081
- Return prepared by
- RSM US LLP
Mission
TO EDUCATE, SUPPORT AND EMPOWER ALL STUDENTS FOR SUCCESS IN WORK, LEARNING AND ENGAGEMENT IN THEIR COMMUNITIES AND A GLOBAL SOCIETY.
Program accomplishments
- HERZING UNIVERSITY PROVIDES EDUCATIONAL PROGRAMS AT THE CERTIFICATE, UNDERGRADUATE, AND GRADUATE LEVELS FOR A DIVERSE STUDENT POPULATION IN TRADITIONAL, NON-TRADITIONAL AND ONLINE DELIVERY FORMATS. THROUGH QUALITY TEACHING AND LEARNING, THE UNIVERSITY IS COMMITTED TO PROVIDE STUDENTS WITH OPPORTUNITIES TO DEVELOP THE KNOWLEDGE, UNDERSTANDING AND SKILLS NECESSARY FOR SUCCESSFUL EMPLOYMENT. COMMITTED TO THE PHILOSOPHY OF PUTTING STUDENTS AT THE CENTER OF THE UNIVERSITY MISSION, HERZING UNIVERSITY PREPARES GRADUATES FOR CAREERS IN TECHNOLOGY, BUSINESS, AND HEALTHCARE.Expenses $191,796,371 · grants $21,115,737 · revenue $234,495,477
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 27-1503981
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2015
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B40)
- Assets (IRS master file)
- $228,878,156
- Income (IRS master file)
- $285,630,322
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $243,943,025 | $220,124,266 | $228,878,156 | XML |
| 990-T | December 2025 | – | – | – | IRS |
| 990 | December 2024 | $200,540,033 | $186,942,854 | $189,354,313 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $171,370,509 | $176,351,745 | $166,149,884 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $165,206,949 | $167,402,613 | $162,704,750 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2010 Officer: Henry Herzing | December 31, 2010 | ≤ $50,000 receipts | – | – | e-Postcard |
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 27-1503981).
Questions about HERZING UNIVERSITY LTD
- What is the EIN of HERZING UNIVERSITY LTD?
- The employer identification number (EIN) of HERZING UNIVERSITY LTD is 27-1503981.
- Is HERZING UNIVERSITY LTD tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to HERZING UNIVERSITY LTD tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HERZING UNIVERSITY LTD 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 HERZING UNIVERSITY LTD due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HERZING UNIVERSITY LTD last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of HERZING UNIVERSITY LTD?
- The 990 for the year ended December 31, 2025 names RENEE HERZING.
- Who are the officers and directors of HERZING UNIVERSITY LTD?
- The 990 for the year ended December 31, 2025 lists 24 people; 24 received compensation from the organization, the highest $768,813 (RENEE HERZING, PRESIDENT/CEO).
- How much revenue does HERZING UNIVERSITY LTD have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $243,943,025, expenses of $220,124,266 and total assets of $228,878,156 at year end.
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