Overview
What is Drake University?
Drake University is a prominent, national, co-educational, independent, and private institution based in Des Moines, Iowa. With approximately 5,000 students, it is accredited by the Higher Learning Commission of the North Central Association of Schools and Colleges. Drake's mission is to offer a superior learning experience that readies students for meaningful personal lives, professional achievements, and accountable global citizenship. The Drake Experience stands out due to collaborative learning among students, faculty, and staff, as well as the harmonious blend of liberal arts and sciences with professional preparation. Drake University employs a staff of around 2800 individuals.
Official website here: www.drake.edu
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96% (Four-Star out of Four Star rating)
Drake University has earned a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. With a high Accountability & Finance score of 96, the organization demonstrates robust governance practices, including a predominantly independent board composed of 31 members, and a comprehensive set of policies related to conflict of interest and whistleblowing.
The university showcases exceptional financial management, evidenced by its impressive program expense ratio of 89.83%. This indicates that a significant portion of its resources is directed towards fulfilling its educational mission rather than administrative costs. Additionally, there have been no material diversions of assets, highlighting the integrity of its financial practices.
While the organization excels in various metrics, it remains important for stakeholders to stay informed about any emerging challenges or developments. Overall, Drake University stands out for its transparency and effective use of funds, making it a reliable choice for supporters interested in higher education initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Drake University legitimate?
Drake University is a legitimate nonprofit organization registered as a 501(c)(3) entity. Drake University submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,434,823
Professional Fundraising Fees: $261,631
Other Salaries and Wages: $70,802,664
For more financial information, click here
Official website here: www.drake.edu
What is the mission statement of Drake University?
Drake University is dedicated to delivering an exceptional learning experience that readies students for significant personal lives, professional successes, and responsible global citizenship. This commitment is reflected in The Drake Experience, which embodies collaborative learning among students, faculty, and staff, and the fusion of the liberal arts and sciences with professional preparation.
Official website here: www.drake.edu
Who is the CEO of Drake University?
Earl F Martin is the Principal Officer of Drake University.
Official website here: www.drake.edu
What is the revenue of Drake University?
Drake University's revenue in 2022 was $252,974,293.
Official website here: www.drake.edu
Who are the executives of Drake University and what are their salaries?
The average compensation at Drake University during 2022 was $25,329. There are 2852 employees and 4571 volunteers at Drake University.
Here are 41 key members and their salaries:
- Compensation: $450,630
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- Compensation: $215,492
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- Compensation: $244,262
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- Compensation: $244,412
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- Other: $25,602
- Compensation: $210,890
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- Other: $19,086
Official website here: www.drake.edu
Where can I find the form 990 for Drake University?
Drake University's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.drake.edu
Learn more at the official website: www.drake.edu
Mission Statement of Drake University
Drake University, a reputable institution, is committed to providing an exceptional learning environment that sets students on a path to meaningful personal lives, professional accomplishments, and responsible global citizenship. This Des Moines-based university stands out due to its distinctive collaborative learning culture, where students, faculty, and staff engage in interactive sessions. The Drake Experience transcends the conventional academic setting by integrating the liberal arts and sciences with professional preparation.
Drake University's mission is geared towards nurturing students to their fullest potential. Through collaborative learning, the university fosters an atmosphere of intellectual curiosity and academic rigor. Students and faculty work together, creating a dynamic learning environment that prepares students for a successful future. This mission extends beyond the classroom as well, with Drake's commitment to fostering responsible global citizenship, instilling in students a sense of social responsibility and a desire to contribute positively to their communities and the world at large.
Drake University's dedication to its students goes beyond academic excellence. Its innovative approach to education integrates professional preparation with a liberal arts and sciences foundation, ensuring that graduates possess both the necessary skills and knowledge to excel in their chosen fields and make a positive impact on the world. This unique blend of education provides students with a versatile skill set that prepares them for a wide range of professional opportunities.
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Impact
October, 2024
Drake University significantly impacts its students and the wider community through its commitment to cultivating an exceptional learning environment. With a focus on preparing students for meaningful personal lives and professional achievements, Drake emphasizes collaborative learning that fosters strong relationships between students, faculty, and staff.
The integration of liberal arts and sciences with professional preparation helps to create well-rounded individuals who are equipped to engage thoughtfully in global citizenship. By offering approximately 5,000 students a comprehensive educational experience, Drake University not only shapes capable leaders but also contributes to the cultural and intellectual vitality of Des Moines, Iowa, and beyond. This holistic approach ensures that graduates are not only prepared for the workforce but also for lifelong engagement with their communities and the world at large.
This information is meant to be a general summary of Drake University. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $9,980,915
- Program Service Revenue: $190,438,490
- Gross Receipts: $303,857,347
Assets and Liabilities:
- Total Assets: $538,166,489
- Total Liabilities: $94,289,004
- Net Assets: $443,877,485
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STUDENT TUITION & FEES
Revenue
$167,684,359
CONTRACT MEALS - FOOD
Revenue
$8,899,318
CONTRACT INCOME - RES
Revenue
$8,325,249
SPORTS INCOME
Revenue
$4,399,346
PARKING FEES
Revenue
$548,017
Organization Details
Founding Year
1881
Phone
(515) 271-3112Principal Officer
Earl F Martin
Main Address
2507 UNIVERSITY AVE, DES MOINES, IA, 50311
Website
www.drake.eduNTEE Category
Code: B430 - Education
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