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Nonprofit · EIN 45-0273403

UNIVERSITY OF MARY

Tax-exempt · BISMARCK, ND 58504

Financials

$95.7M$89.7M2022$127.1M$100.6M2023$111.6M$98.5M2024
Revenue Expenses · by fiscal year end
Financials of UNIVERSITY OF MARY by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$111,552,517$98,529,836$13,022,681$256,352,570$49,583,604$206,768,966
June 30, 2024990$127,054,830$100,606,541$26,448,289$242,542,545$52,394,573$190,147,972
June 30, 2023990$95,710,757$89,664,411$6,046,346$216,721,922$57,258,021$159,463,901
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$17,607,500
of which government grants
$930,669
Program service revenue
$89,157,234
Investment income
$4,928,019
Net gain from sales of assets
$2,265,967
Net income from fundraising events
-$40,313
Net income from gaming
$31,820
Net income from sales of inventory
-$131,743
Other revenue
-$140,236

Expenses

Grants and similar amounts paid
$24,002,071
Compensation of officers, directors and key employees
$620,894
Other salaries and wages
$30,736,150
Salaries, compensation and benefits (total)
$40,109,846
Professional fundraising fees
$0
Legal fees
$332,169
Accounting fees
$107,803
Occupancy
$2,921,057
Travel
$1,410,162
Depreciation
$5,584,504
Program services (functional)
$83,192,743
Management and general (functional)
$9,808,714
Fundraising (functional)
$5,528,379

Balance sheet and other

Total assets, start of year
$242,542,545
Total assets, end of year
$256,352,570
Total liabilities, end of year
$49,583,604
Net assets, end of year
$206,768,966
Land, buildings and equipment
$106,886,017
Publicly traded securities
$89,595,265
Net assets without donor restrictions
$90,129,901
Net assets with donor restrictions
$116,639,065
Gross unrelated business income
$17,754
Gross receipts
$114,058,100
Employees
1,397
Volunteers
28
Year formed
1959
State of legal domicile
ND

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 June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
Jerome RichterExecutive Vice President
Officer
40$195,420$38,212
Monsignor James P SheaPresident (See Sch O for details)
Trustee or director, Officer
40$200,805$28,813
Diane FladelandVP of Academic Affairs
Highest-paid employee
40$171,013$25,400
Brenda Tufte - AssociateDean of Edu. & Behavioral Sciences
Highest-paid employee
40$145,826$23,906
Mary DockterDean, College of Health Professions
Highest-paid employee
40$144,107$24,597
Karel Sovak - DeanGary Tharaldson School of Business
Highest-paid employee
40$152,958$10,999
Rod Jonas-Dean of Liffrig FamSchool of Edu. & Behavioral Sciences
Highest-paid employee
40$142,420$19,980
Christi SchaefbauerVP for Financial Affairs (July)
Officer
40$100,736$17,865
Brent Winiger - InterimVP for Financial Affairs (Aug-Feb)
Officer
40$57,636$56
Matthew Dan ButlerChair
Trustee or director, Officer
1$0$0
Sister Nicole KunzePrioress, President
Trustee or director, Officer
1$0$0
Tim HennessyVice Chair
Trustee or director, Officer
1$0$0
Sister Agatha MuggliSecretary
Trustee or director, Officer
1$0$0
Schaan Barth EsqTrustee
Trustee or director
1$0$0
Dr Ryan CapouchTrustee
Trustee or director
1$0$0
25 more people on this return
NameTitleHours / weekCompensation
Senator Kevin CramerTrustee
Trustee or director
1$0
Tom EngelhardtTrustee
Trustee or director
1$0
Dr Tara FeilTrustee
Trustee or director
1$0
Jackie GibneyTrustee
Trustee or director
1$0
Trevor HastingsTrustee
Trustee or director
1$0
Dr Michael NaughtonTrustee
Trustee or director
1$0
Reed ReymanTrustee
Trustee or director
1$0
Connie TharaldsonTrustee
Trustee or director
1$0
Chris BaumgartnerTrustee
Trustee or director
1$0
David EhlisTrustee
Trustee or director
1$0
Congresswoman Julie LiffrigFedorchak - Trustee
Trustee or director
1$0
Sister JoAnn KrebsbachTrustee
Trustee or director
1$0
Sister Nancy MillerTrustee
Trustee or director
1$0
Sister Rosanne ZastoupilTrustee
Trustee or director
1$0
Al AndersonTrustee
Trustee or director
1$0
Sister Rosemary DeGraciaTrustee
Trustee or director
1$0
Shelly LambertzTrustee as of May 2025
Trustee or director
1$0
Rondi McGovernTrustee
Trustee or director
1$0
Dr Jonathan ReyesTrustee
Trustee or director
1$0
Monsignor Greg SchlesselmannTrustee
Trustee or director
1$0
Laurie SteffesTrustee
Trustee or director
1$0
Michael AppertTrustee
Trustee or director
1$0
Bill DanielTrustee until May 2025
Trustee or director
1$0
Scott DavisTrustee until May 2025
Trustee or director
1$0
Matthew Zimmermann - VP forFinancial Affairs (as of March)
Officer
40$0
990 for the year ended June 30, 2024: 37 people
NameTitleHours / weekCompensationOther / benefits
Jerome RichterExecutive Vice President
Officer
40$187,127$35,832
Monsignor James P SheaPresident (See Sch O for details)
Trustee or director, Officer
40$187,514$26,760
Diane FladelandVice President for Academic Affairs
Highest-paid employee
40$153,253$23,451
Christi SchaefbauerVice President for Financial Affairs
Officer
40$131,702$27,583
Karel SovakDean of School of Business
Highest-paid employee
40$148,779$10,227
Brenda Tufte - AssociateDean of Edu. & Behavorial Sciences
Highest-paid employee
40$138,581$20,360
Mary DockterDean of School of Health Science
Highest-paid employee
40$134,160$22,173
Rod Jonas-Dean of Liffrig FamSchool of Edu. & Behavioral Sciences
Highest-paid employee
40$133,339$18,199
Dan ButlerChair
Trustee or director, Officer
1$0$0
Sister Nicole KunzePrioress, President
Trustee or director, Officer
1$0$0
Sister Agatha MuggliSecretary
Trustee or director, Officer
1$0$0
Tim HennessyVice Chair
Trustee or director, Officer
1$0$0
Al AndersonTrustee
Trustee or director
1$0$0
Michael AppertTrustee
Trustee or director
1$0$0
Bill DanielTrustee
Trustee or director
1$0$0
Scott DavisTrustee
Trustee or director
1$0$0
Sister Rosemary DeGraciaTrustee
Trustee or director
1$0$0
Rondi McGovernTrustee
Trustee or director
1$0$0
Jonathan ReyesTrustee
Trustee or director
1$0$0
Monsignor Gret SchlesselmannTrustee
Trustee or director
1$0$0
Laurie SteffesTrustee
Trustee or director
1$0$0
Schaan BarthTrustee
Trustee or director
1$0$0
Ryan CapouchTrustee
Trustee or director
1$0$0
Kevin CramerTrustee
Trustee or director
1$0$0
Tom EngelhardtTrustee
Trustee or director
1$0$0
Tara FeilTrustee
Trustee or director
1$0$0
Jackie GibneyTrustee
Trustee or director
1$0$0
Trevor HastingsTrustee
Trustee or director
1$0$0
Michael NaughtonTrustee
Trustee or director
1$0$0
Reed ReymanTrustee
Trustee or director
1$0$0
Connie TharaldsonTrustee
Trustee or director
1$0$0
Chris BaumgartnerTrustee
Trustee or director
1$0$0
David EhlisTrustee
Trustee or director
1$0$0
Julie Liffrig FedorchakTrustee
Trustee or director
1$0$0
Sister JoAnn KrebsbachTrustee
Trustee or director
1$0$0
Sister Nancy MillerTrustee
Trustee or director
1$0$0
Sister Rosanne ZastoupilTrustee
Trustee or director
1$0$0
990 for the year ended June 30, 2023: 35 people
NameTitleHours / weekCompensationOther / benefits
Jerome RichterExecutive Vice President
Officer
40$182,165$35,381
Monsignor James P SheaPresident (See Sch O for details)
Trustee or director, Officer
40$183,168$26,039
Diane FladelandVice President for Academic Affairs
Highest-paid employee
40$148,639$23,028
Brenda NagelVice President for Public Affairs
Highest-paid employee
40$129,118$31,389
Karel SovakDean of School of Business
Highest-paid employee
40$149,776$9,876
Christi SchaefbauerVice President for Financial Affairs
Officer
40$127,705$27,210
Mary DockterDean of School of Health Science
Highest-paid employee
40$131,567$21,791
Brenda Tufte - AssociateDean of Edu. And Behavioral Science
Highest-paid employee
40$130,001$17,919
Dan ButlerChair
Trustee or director, Officer
1$0$0
Sister Nicole KunzePrioress, President
Trustee or director, Officer
1$0$0
Sister Agatha MuggliSecretary
Trustee or director, Officer
1$0$0
Tim HennessyVice Chair
Trustee or director, Officer
1$0$0
Abbot Daniel MaloneyTrustee
Trustee or director
1$0$0
Alan AndersonTrustee
Trustee or director
1$0$0
Bill DanielTrustee
Trustee or director
1$0$0
Chris BaumgartnerTrustee
Trustee or director
1$0$0
David EhlisTrustee
Trustee or director
1$0$0
Dr Jonathan ReyesTrustee
Trustee or director
1$0$0
Julie FedorchakTrustee
Trustee or director
1$0$0
Kathleen GaddieTrustee
Trustee or director
1$0$0
Kathy MillerTrustee
Trustee or director
1$0$0
Kevin CramerTrustee
Trustee or director
1$0$0
Laurie SteffesTrustee
Trustee or director
1$0$0
Michael NaughtonTrustee
Trustee or director
1$0$0
Michael AppertTrustee
Trustee or director
1$0$0
Mikey HoevenTrustee
Trustee or director
1$0$0
Monsignor Greg SchlesselmannTrustee
Trustee or director
1$0$0
Nicole KivistoTrustee
Trustee or director
1$0$0
Scott DavisTrustee
Trustee or director
1$0$0
Sister Joann KrebsbachTrustee
Trustee or director
1$0$0
Sister Nancy MillerTrustee
Trustee or director
1$0$0
Sister Rosanne ZastoupilTrustee
Trustee or director
1$0$0
Rondi McGovernTrustee
Trustee or director
1$0$0
Sister Rosemary DeGarciaTrustee
Trustee or director
1$0$0
Tom EngelhardtTrustee
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
7500 UNIVERSITY DR, BISMARCK, ND 58504-9634
Principal officer (990 for 2024)
Matthew Zimmermann, 7500 University Dr, Bismarck, ND 585049652
Signed the 990
Matthew Zimmermann, V.P. for Financial Affairs
Phone
(701) 255-7500
Return prepared by
Eide Bailly LLP

Mission

The University of Mary exists to serve the religious, academic and cultural needs of the people in this region and beyond.(Continued on Schedule O)

990 for the year ended June 30, 2025

Program accomplishments

  • Academic Divisions - This area contains the curriculum and related expenses for all divisions of the college, including both post-secondary education and graduate programs. University of Mary serves approximately 3,973 students and has 516 faculty and staff. They have five schools with more than 58 degree programs. In addition, there are 20 graduate degree programs and five doctoral degrees. They average a placement rate of approximately 96 percent overall for their graduates.
    Expenses $24,691,561 · revenue $73,007,370
  • Student Aid & Expenses - University of Mary offers various types of financial assistance to students including federal, state, and private programs as well as other forms of student aid and work programs. During the current year, 2,567 students received some type of academic student aid and 361 students received athletic student aid. In addition, 107 international students received student aid.
    Expenses $23,917,233 · grants $23,917,233
  • Auxiliary Activities: Auxiliary activities includes all student housing and food services including the cost of residence halls, student apartments, and student transportation service. The University of Mary also has a university store, cafeterias, snack bar and coffee shop.
    Expenses $9,897,826 · revenue $11,908,867
  • Educational Plant Operations, Financial Affairs, General Institutional, Public Affairs, Enrollment Services, and all other services including General Administration, Academic Affairs, Student Development, and Student Senate.
    Expenses $24,686,123 · grants $84,838 · revenue $4,109,254

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 June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
45-0273403
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
1961
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B430)
Assets (IRS master file)
$256,352,570
Income (IRS master file)
$114,058,100

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$111,552,517$98,529,836$256,352,570IRS
990-TJune 2025–––IRS
990June 2024$127,054,830$100,606,541$242,542,545IRS
990-TJune 2024–––IRS
990June 2023$95,710,757$89,664,411$216,721,922XML
990-TJune 2023–––IRS
990June 2022$103,801,276$84,888,322$208,539,926IRS
990-TJune 2022–––IRS
990June 2021–––IRS
990-TJune 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 2018–––IRS

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 45-0273403).

Questions about UNIVERSITY OF MARY

What is the EIN of UNIVERSITY OF MARY?
The employer identification number (EIN) of UNIVERSITY OF MARY is 45-0273403.
Is UNIVERSITY OF MARY tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1961.
Are donations to UNIVERSITY OF MARY tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does UNIVERSITY OF MARY 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 UNIVERSITY OF MARY due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did UNIVERSITY OF MARY last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of UNIVERSITY OF MARY?
The 990 for the year ended June 30, 2025 names Matthew Zimmermann.
Who are the officers and directors of UNIVERSITY OF MARY?
The 990 for the year ended June 30, 2025 lists 40 people; 9 received compensation from the organization, the highest $195,420 (Jerome Richter, Executive Vice President).
How much revenue does UNIVERSITY OF MARY have?
On its 990 for the year ended June 30, 2025 it reported revenue of $111,552,517, expenses of $98,529,836 and total assets of $256,352,570 at year end.

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