MIDWAY UNIVERSITY INC FKA MIDWAY COLLEGE Charity Report

Public IRS 990 nonprofit record

MIDWAY UNIVERSITY INC FKA MIDWAY COLLEGE

EIN 61-0444708 · Education (B41Z)

What they do

MIDWAY UNIVERSITY is AN ACCREDITED INSTITUTION of HIGHER EDUCATION LOCATED IN MIDWAY, KENTUCKY, FOUNDED IN 1847 AS THE KENTUCKY FEMALE ORPHAN SCHOOL. THE INSTITUTION OFFERS TRADITIONAL PROGRAMS AS WELL AS ACCELERATED PROGRAMS IN THE EVENING and ONLINE. DEGREES OFFERED INCLUDE ASSOCIATE, BACCALAUREATE and MASTERS DEGREES.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $86.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders36 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

78.72%of revenue went to mission work86.0% of expenses · Program services

1.36%of revenue went to fundraising1.5% of expenses

$91.59spent for every $100 of revenueRevenue covered expenses this year.

11.51%of revenue went to management and office costs12.6% of expenses

$2.34in assets for every $1 spent this yearSome assets cannot be spent right away.

15.1%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $631,122 for DR JOHN P MARSDEN (PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$41,488,226

Mission workProgram services$32,659,85178.72% of revenue86.0% of expenses

ManagementOffice and general costs$4,776,16311.51% of revenue12.6% of expenses

FundraisingAsking for donations$562,2821.36% of revenue1.5% of expenses

Revenue left after expensesReported annual surplus$3,489,9308.41% of revenueShown in gray on the chart

Total expenses$37,998,29691.59% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 86.0% mission · 12.6% management · 1.5% fundraisingTotal expenses: 91.59% of revenue

2023Expense mix: 86.1% mission · 12.3% management · 1.5% fundraisingTotal expenses: 95.47% of revenue

2022Expense mix: 86.3% mission · 12.3% management · 1.4% fundraisingTotal expenses: 91.32% of revenue

2021Expense mix: 86.6% mission · 12.0% management · 1.4% fundraisingTotal expenses: 96.17% of revenue

2020Expense mix: 85.6% mission · 12.9% management · 1.5% fundraisingTotal expenses: 86.56% of revenue

2019Expense mix: 84.6% mission · 13.5% management · 1.9% fundraisingTotal expenses: 100.01% of revenue

2018Expense mix: 75.4% mission · 22.6% management · 2.0% fundraisingTotal expenses: 94.89% of revenue

2017Expense mix: 76.3% mission · 21.5% management · 2.2% fundraisingTotal expenses: 92.80% of revenue

Money in and money out

Revenue$41,488,226

Expenses$37,998,296

Annual surplus $3,489,930 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$32,659,851 · 86.0% of expenses

Management and office costs$4,776,163 · 12.6% of expenses

Fundraising$562,282 · 1.5% of expenses

See all reported dollar amounts

Revenue$41,488,226

Expenses$37,998,296

Assets$88,963,568

Income$41,491,726

Contributions$6,251,352

Mission work (program services)$32,659,851

Fundraising$562,282

Management and general$4,776,163

Executive compensation (total)$1,155,517

Stocks and bonds$38,268,209

Accounting fees$85,600

Investing fees$191,656

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

DR JOHN P MARSDENPRESIDENT · 40 hrs/week $631,122Base $550,526 · Other $80,596

LEAH RICEVICE PRESIDENT · 40 hrs/week $202,498Base $183,649 · Other $18,849

TIMOTHY CAMPBELLVICE PRESIDENT · 40 hrs/week $190,220Base $174,090 · Other $16,130

JAMES TIMOTHY CULVERVICE PRESIDENT · 40 hrs/week $183,453Base $160,987 · Other $22,466

MARK GILLDEAN · 40 hrs/week $149,661Base $121,460 · Other $28,201

HEATH MORGANVICE PRESIDENT · 40 hrs/week $149,538Base $120,257 · Other $29,281

ELLEN D GREGORYCHIEF MARKETING OFFICER · 40 hrs/week $137,530Base $132,117 · Other $5,413

CARRIE CHRISTENSENASSISTANT VICE PRESIDENT · 40 hrs/week $137,364Base $123,180 · Other $14,184

DIANE CHLEWBOWYDEAN · 40 hrs/week $136,876Base $124,038 · Other $12,838

TRISH JONESEXECUTIVE DIRECTOR · 40 hrs/week $132,494Base $118,894 · Other $13,600

ASHLEY DUDGEONVICE PRESIDENT · 40 hrs/week $127,776Base $109,380 · Other $18,396

TRAVIS BROOMECHIEF INFORMATION OFFICER · 40 hrs/week $119,006Base $114,686 · Other $4,320

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (36)

DR JOHN P MARSDENPRESIDENT

LEAH RICEVICE PRESIDENT

TIMOTHY CAMPBELLVICE PRESIDENT

JAMES TIMOTHY CULVERVICE PRESIDENT

MARK GILLDEAN

HEATH MORGANVICE PRESIDENT

ELLEN D GREGORYCHIEF MARKETING OFFICER

CARRIE CHRISTENSENASSISTANT VICE PRESIDENT

DIANE CHLEWBOWYDEAN

TRISH JONESEXECUTIVE DIRECTOR

ASHLEY DUDGEONVICE PRESIDENT

TRAVIS BROOMECHIEF INFORMATION OFFICER

ANITA M BRITTONTRUSTEE

JONATHAN RABINOWITZTRUSTEE

KEITH MATHISTRUSTEE

LARRY B TAYLORTRUSTEE

LINDA L GREENSECRETARY

LINDA S PAVEYTRUSTEE

VIRGINIA FOXTRUSTEE

MIRA S BALLTRUSTEE

SUSAN M WALDENTRUSTEE

TATE RUSSELLTRUSTEE

IEASHA M ALLENTRUSTEE

HERBERT A MILLER JRTRUSTEE

FELICIA S QUIGGTRUSTEE

ELIZABETH L JONESTRUSTEE

EDWARD MONACOTRUSTEE

EDIE GREENTRUSTEE

DR JAMES P ROACHTRUSTEE

DR J J HOUSLEYTRUSTEE

DR ARDIS DEE HOVENTRUSTEE

DONNA M CAMPBELLCHAIR

CHRISTA MARRILLIATRUSTEE

BOB M HUTCHISONTRUSTEE

BELINDA METZGERVICE CHAIR

ANNE E BOLTONTRUSTEE

About this charity

Recognized since: January 1955
Location: 512 E STEPHENS ST, MIDWAY, KY 40347-1112
County: Woodford
In care of: DR JOHN P MARSDEN
Primary officer: DR JOHN P MARSDEN, PRESIDENT

How to reach them

WebsiteVisit the charity’s website Phone(859) 846-5308

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: DEAN DORTON ALLEN FORD PLLC
NTEE classification: Education (B41Z)
IRS tax category: Colleges, Universities, and Professional Schools