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Drake University

Public charityFed auditsIRS 990990-T FY2023
Other · DES MOINES, IA · EIN 42-0680460

About

See schedule o.drake's mission is to provide an exceptional learning environment that prepares students for meaningful personal lives, professional accomplishments, and responsible global citizenship. The drake experience is distinguished by collaborative learning among students, faculty, and staff and by the integration of the liberal arts and sciences with professional preparation.

Donations are tax-deductible
Category
Other
Employees
2,898
Volunteers
5,026

Financial Snapshot

FY ending 2024-06-30
Revenue
$263.1M
Expenses
$250.5M
Assets
$607.5M
Liabilities
$86.0M

Financial history

$263.1M$131.5M$0
161718192021222324
RevenueExpenses
Latest FY2024: $263.1M · Avg: $236.8M

Foreign activity (Schedule F)

Total spent abroad$53.5M
Foreign employees0
Foreign offices0
Foreign partnership interestYes
Foreign trust interestNo
RegionActivitySpent
CENTRAL AMERICA AND THE CARIBBEAN
EUROPE (INCLUDING ICELAND & GREENLAND)
EUROPE (INCLUDING ICELAND & GREENLAND)
EAST ASIA AND THE PACIFIC
SOUTH ASIA
SUB-SAHARAN AFRICA
CENTRAL AMERICA AND THE CARIBBEAN

Political & Grant Activity

Campaign Spending
Lobbying
Grants Given
$85.2M
DRAKE UNIVERSITY
Your actions

Address

2507 University AVE
DES Moines, IA, 50311-451

Governance

Voting board members31
Independent members30
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planYes
Compensation committeeYes
Board approved compYes
Initial contract exceptionNo

Financial detail (Schedule D)

Board-designated %24.4%
Permanent endowment %59.2%
Endowment held by related orgNo
Public records
ProPublica Nonprofit Explorer
Full 990 PDFs going back to 2001, plus parsed financial extracts. The easiest place to read actual filings.
IRS Tax Exempt Organization Search
IRS-side authoritative source. Confirms current exempt status and pulls the latest determination letter.
These open in a new tab. AllCiv doesn't host filings directly — these are the authoritative public-record sources.