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Employer Identification Number 42-0680460

DRAKE UNIVERSITY is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:DRAKE UNIVERSITY
Employer identification number (EIN):42-0680460
EIN Issuing AuthorityPhiladelphia, PA
NAIC Classification:611000
401k Pension/Benefits registration DRAKE UNIVERSITY 401k plan information
Federal tax statusExempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code
State of IncorporationIowa, IA

Organization Overview

Mission StatementDRAKE'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.
Number of Employees3539
Number of Volunteers4334
Year Formed1881

Organization Governance

Legal DomicileIA
Voting Members - Governing Body34
Voting Members - Independent33

Organization Financials

2025-06-30
Total unrelated business incomeUSD $ 51,512
Net unrelated business incomeUSD $ 35,205
Program Service Revenue from prior yearUSD $ 192,089,070
Program Service Revenue from current yearUSD $ 187,424,274
Investment Income from prior yearUSD $ 11,687,095
Investment Income from current yearUSD $ 19,585,915
Other Revenue from prior yearUSD $ 6,812,534
Other Revenue from current yearUSD $ 10,062,536
Gross receipts from all sourcesUSD $ 363,280,610
Net assets / fund balances at end of fiscal yearUSD $ 549,404,684
Net assets / fund balances at beginning of fiscal yearUSD $ 521,451,982
Total liabilities at end of fiscal yearUSD $ 78,936,122
Total liabilities at beginning of fiscal yearUSD $ 86,036,105
Total assets at end of fiscal yearUSD $ 628,340,806
Total assets at beginning of fiscal yearUSD $ 607,488,087
Revenues less expenses for current yearUSD $ 9,981,471
Revenues less expenses for previous yearUSD $ 12,593,583
Total expenses for current yearUSD $ 246,295,918
Total expenses for previous yearUSD $ 250,461,044
Other expenses in current yearUSD $ 63,827,534
Other expenses in previous yearUSD $ 62,739,531
Total fundraising expenses in current yearUSD $ 3,507,626
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 96,781,058
Employee salary and benefits paid in previous yearUSD $ 102,554,733
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 85,687,326
Grants and similar amounts paid in previous yearUSD $ 85,166,780
Total revenue in current fiscal yearUSD $ 256,277,389
Total revenue in previous fiscal yearUSD $ 263,054,627
Contributions and grants from current yearUSD $ 39,204,664
Contributions and grants from previous yearUSD $ 52,465,928
Gross income from fundraising eventsUSD $ 164,179
Total of other revenueUSD $ 8,981,524
2024-06-30
Total unrelated business incomeUSD $ 1,960
Net unrelated business incomeUSD $ 56,295
Program Service Revenue from prior yearUSD $ 193,042,717
Program Service Revenue from current yearUSD $ 192,089,070
Investment Income from prior yearUSD $ 7,336,673
Investment Income from current yearUSD $ 11,687,095
Other Revenue from prior yearUSD $ 6,007,795
Other Revenue from current yearUSD $ 6,812,534
Gross receipts from all sourcesUSD $ 292,503,446
Net assets / fund balances at end of fiscal yearUSD $ 521,451,982
Net assets / fund balances at beginning of fiscal yearUSD $ 477,607,656
Total liabilities at end of fiscal yearUSD $ 86,036,105
Total liabilities at beginning of fiscal yearUSD $ 90,602,626
Total assets at end of fiscal yearUSD $ 607,488,087
Total assets at beginning of fiscal yearUSD $ 568,210,282
Revenues less expenses for current yearUSD $ 12,593,583
Revenues less expenses for previous yearUSD $ 12,760,856
Total expenses for current yearUSD $ 250,461,044
Total expenses for previous yearUSD $ 246,344,127
Other expenses in current yearUSD $ 62,739,531
Other expenses in previous yearUSD $ 60,888,606
Total fundraising expenses in current yearUSD $ 3,737,937
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 132,442
Employee salary and benefits paid in current yearUSD $ 102,554,733
Employee salary and benefits paid in previous yearUSD $ 101,178,526
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 85,166,780
Grants and similar amounts paid in previous yearUSD $ 84,144,553
Total revenue in current fiscal yearUSD $ 263,054,627
Total revenue in previous fiscal yearUSD $ 259,104,983
Contributions and grants from current yearUSD $ 52,465,928
Contributions and grants from previous yearUSD $ 52,717,798
Gross income from fundraising eventsUSD $ 189,288
Total of other revenueUSD $ 5,871,807
2023-06-30
Total unrelated business incomeUSD $ 51,780
Net unrelated business incomeUSD $ 13,432
Program Service Revenue from prior yearUSD $ 190,438,490
Program Service Revenue from current yearUSD $ 193,042,717
Investment Income from prior yearUSD $ 9,980,915
Investment Income from current yearUSD $ 7,336,673
Other Revenue from prior yearUSD $ 3,788,424
Other Revenue from current yearUSD $ 6,007,795
Gross receipts from all sourcesUSD $ 295,304,001
Net assets / fund balances at end of fiscal yearUSD $ 477,607,656
Net assets / fund balances at beginning of fiscal yearUSD $ 443,877,485
Total liabilities at end of fiscal yearUSD $ 90,602,626
Total liabilities at beginning of fiscal yearUSD $ 94,289,004
Total assets at end of fiscal yearUSD $ 568,210,282
Total assets at beginning of fiscal yearUSD $ 538,166,489
Revenues less expenses for current yearUSD $ 12,760,856
Revenues less expenses for previous yearUSD $ 14,977,067
Total expenses for current yearUSD $ 246,344,127
Total expenses for previous yearUSD $ 237,997,226
Other expenses in current yearUSD $ 60,888,606
Other expenses in previous yearUSD $ 59,330,727
Total fundraising expenses in current yearUSD $ 3,722,183
Professional fundraising fees from current yearUSD $ 132,442
Professional fundraising fees from previous yearUSD $ 261,631
Employee salary and benefits paid in current yearUSD $ 101,178,526
Employee salary and benefits paid in previous yearUSD $ 96,274,791
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 84,144,553
Grants and similar amounts paid in previous yearUSD $ 82,130,077
Total revenue in current fiscal yearUSD $ 259,104,983
Total revenue in previous fiscal yearUSD $ 252,974,293
Contributions and grants from current yearUSD $ 52,717,798
Contributions and grants from previous yearUSD $ 48,766,464
Gross income from fundraising eventsUSD $ 116,545
Total of other revenueUSD $ 5,180,569
2022-06-30
Total unrelated business incomeUSD $ 202,918
Net unrelated business incomeUSD $ 183,661
Program Service Revenue from prior yearUSD $ 180,766,820
Program Service Revenue from current yearUSD $ 190,438,490
Investment Income from prior yearUSD $ 22,625,190
Investment Income from current yearUSD $ 9,980,915
Other Revenue from prior yearUSD $ 4,522,767
Other Revenue from current yearUSD $ 3,788,424
Gross receipts from all sourcesUSD $ 303,857,347
Net assets / fund balances at end of fiscal yearUSD $ 443,877,485
Net assets / fund balances at beginning of fiscal yearUSD $ 464,119,747
Total liabilities at end of fiscal yearUSD $ 94,289,004
Total liabilities at beginning of fiscal yearUSD $ 108,486,898
Total assets at end of fiscal yearUSD $ 538,166,489
Total assets at beginning of fiscal yearUSD $ 572,606,645
Revenues less expenses for current yearUSD $ 14,977,067
Revenues less expenses for previous yearUSD $ 27,404,701
Total expenses for current yearUSD $ 237,997,226
Total expenses for previous yearUSD $ 217,987,751
Other expenses in current yearUSD $ 59,330,727
Other expenses in previous yearUSD $ 51,119,510
Total fundraising expenses in current yearUSD $ 4,011,540
Professional fundraising fees from current yearUSD $ 261,631
Professional fundraising fees from previous yearUSD $ 256,812
Employee salary and benefits paid in current yearUSD $ 96,274,791
Employee salary and benefits paid in previous yearUSD $ 89,606,402
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 82,130,077
Grants and similar amounts paid in previous yearUSD $ 77,005,027
Total revenue in current fiscal yearUSD $ 252,974,293
Total revenue in previous fiscal yearUSD $ 245,392,452
Contributions and grants from current yearUSD $ 48,766,464
Contributions and grants from previous yearUSD $ 37,477,675
Gross income from fundraising eventsUSD $ 159,560
Total of other revenueUSD $ 3,292,353
2021-06-30
Total unrelated business incomeUSD $ 42,900
Net unrelated business incomeUSD $ 42,865
Program Service Revenue from prior yearUSD $ 179,100,000
Program Service Revenue from current yearUSD $ 180,766,820
Investment Income from prior yearUSD $ 3,183,233
Investment Income from current yearUSD $ 22,625,190
Other Revenue from prior yearUSD $ 4,685,830
Other Revenue from current yearUSD $ 4,522,767
Gross receipts from all sourcesUSD $ 317,931,518
Net assets / fund balances at end of fiscal yearUSD $ 464,119,747
Net assets / fund balances at beginning of fiscal yearUSD $ 390,870,514
Total liabilities at end of fiscal yearUSD $ 108,486,898
Total liabilities at beginning of fiscal yearUSD $ 115,606,767
Total assets at end of fiscal yearUSD $ 572,606,645
Total assets at beginning of fiscal yearUSD $ 506,477,281
Revenues less expenses for current yearUSD $ 27,404,701
Revenues less expenses for previous yearUSD $ 1,238,246
Total expenses for current yearUSD $ 217,987,751
Total expenses for previous yearUSD $ 221,046,779
Other expenses in current yearUSD $ 51,119,510
Other expenses in previous yearUSD $ 52,609,105
Total fundraising expenses in current yearUSD $ 2,985,872
Professional fundraising fees from current yearUSD $ 256,812
Professional fundraising fees from previous yearUSD $ 251,788
Employee salary and benefits paid in current yearUSD $ 89,606,402
Employee salary and benefits paid in previous yearUSD $ 95,595,927
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 77,005,027
Grants and similar amounts paid in previous yearUSD $ 72,589,959
Total revenue in current fiscal yearUSD $ 245,392,452
Total revenue in previous fiscal yearUSD $ 222,285,025
Contributions and grants from current yearUSD $ 37,477,675
Contributions and grants from previous yearUSD $ 35,315,962
Gross income from fundraising eventsUSD $ 20,158
Total of other revenueUSD $ 3,941,231
2020-06-30
Total unrelated business incomeUSD $ 35,060
Net unrelated business incomeUSD $ 28,936
Program Service Revenue from prior yearUSD $ 179,149,500
Program Service Revenue from current yearUSD $ 179,100,000
Investment Income from prior yearUSD $ 8,523,498
Investment Income from current yearUSD $ 3,183,233
Other Revenue from prior yearUSD $ 3,600,214
Other Revenue from current yearUSD $ 4,685,830
Gross receipts from all sourcesUSD $ 269,153,591
Net assets / fund balances at end of fiscal yearUSD $ 390,870,514
Net assets / fund balances at beginning of fiscal yearUSD $ 392,704,281
Total liabilities at end of fiscal yearUSD $ 115,606,767
Total liabilities at beginning of fiscal yearUSD $ 116,203,047
Total assets at end of fiscal yearUSD $ 506,477,281
Total assets at beginning of fiscal yearUSD $ 508,907,328
Revenues less expenses for current yearUSD $ 1,238,246
Revenues less expenses for previous yearUSD $ 11,931,659
Total expenses for current yearUSD $ 221,046,779
Total expenses for previous yearUSD $ 219,093,450
Other expenses in current yearUSD $ 52,609,105
Other expenses in previous yearUSD $ 54,063,948
Total fundraising expenses in current yearUSD $ 3,615,410
Professional fundraising fees from current yearUSD $ 251,788
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 95,595,927
Employee salary and benefits paid in previous yearUSD $ 97,570,718
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 72,589,959
Grants and similar amounts paid in previous yearUSD $ 67,458,784
Total revenue in current fiscal yearUSD $ 222,285,025
Total revenue in previous fiscal yearUSD $ 231,025,109
Contributions and grants from current yearUSD $ 35,315,962
Contributions and grants from previous yearUSD $ 39,751,897
Gross income from fundraising eventsUSD $ 81,855
Total of other revenueUSD $ 3,593,358
2019-06-30
Total unrelated business incomeUSD $ 261,786
Net unrelated business incomeUSD $ 209,466
Program Service Revenue from prior yearUSD $ 173,339,036
Program Service Revenue from current yearUSD $ 179,149,500
Investment Income from prior yearUSD $ 26,522,484
Investment Income from current yearUSD $ 8,523,498
Other Revenue from prior yearUSD $ 654,135
Other Revenue from current yearUSD $ 3,600,214
Gross receipts from all sourcesUSD $ 297,441,407
Net assets / fund balances at end of fiscal yearUSD $ 392,704,281
Net assets / fund balances at beginning of fiscal yearUSD $ 378,908,545
Total liabilities at end of fiscal yearUSD $ 116,203,047
Total liabilities at beginning of fiscal yearUSD $ 121,454,856
Total assets at end of fiscal yearUSD $ 508,907,328
Total assets at beginning of fiscal yearUSD $ 500,363,401
Revenues less expenses for current yearUSD $ 11,931,659
Revenues less expenses for previous yearUSD $ 18,334,461
Total expenses for current yearUSD $ 219,093,450
Total expenses for previous yearUSD $ 212,574,693
Other expenses in current yearUSD $ 54,063,948
Other expenses in previous yearUSD $ 54,108,773
Total fundraising expenses in current yearUSD $ 3,617,841
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 97,570,718
Employee salary and benefits paid in previous yearUSD $ 95,429,316
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 67,458,784
Grants and similar amounts paid in previous yearUSD $ 63,036,604
Total revenue in current fiscal yearUSD $ 231,025,109
Total revenue in previous fiscal yearUSD $ 230,909,154
Contributions and grants from current yearUSD $ 39,751,897
Contributions and grants from previous yearUSD $ 30,393,499
Gross income from fundraising eventsUSD $ 229,561
Total of other revenueUSD $ 2,118,690
2018-06-30
Total unrelated business incomeUSD $ 369,522
Net unrelated business incomeUSD $ 110,614
Program Service Revenue from prior yearUSD $ 171,058,260
Program Service Revenue from current yearUSD $ 173,339,036
Investment Income from prior yearUSD $ 6,319,569
Investment Income from current yearUSD $ 26,522,484
Other Revenue from prior yearUSD $ 2,685,405
Other Revenue from current yearUSD $ 654,135
Gross receipts from all sourcesUSD $ 418,881,749
Net assets / fund balances at end of fiscal yearUSD $ 378,908,545
Net assets / fund balances at beginning of fiscal yearUSD $ 369,675,179
Total liabilities at end of fiscal yearUSD $ 121,454,856
Total liabilities at beginning of fiscal yearUSD $ 115,368,339
Total assets at end of fiscal yearUSD $ 500,363,401
Total assets at beginning of fiscal yearUSD $ 485,043,518
Revenues less expenses for current yearUSD $ 18,334,461
Revenues less expenses for previous yearUSD $ 9,693,965
Total expenses for current yearUSD $ 212,574,693
Total expenses for previous yearUSD $ 203,286,802
Other expenses in current yearUSD $ 54,108,773
Other expenses in previous yearUSD $ 51,123,573
Total fundraising expenses in current yearUSD $ 3,530,483
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 95,429,316
Employee salary and benefits paid in previous yearUSD $ 91,645,893
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 63,036,604
Grants and similar amounts paid in previous yearUSD $ 60,517,336
Total revenue in current fiscal yearUSD $ 230,909,154
Total revenue in previous fiscal yearUSD $ 212,980,767
Contributions and grants from current yearUSD $ 30,393,499
Contributions and grants from previous yearUSD $ 32,917,533
Gross income from fundraising eventsUSD $ 191,172
Total of other revenueUSD $ 34,335
2017-06-30
Total unrelated business incomeUSD $ 365,544
Net unrelated business incomeUSD $ 88,273
Program Service Revenue from prior yearUSD $ 168,110,361
Program Service Revenue from current yearUSD $ 171,058,260
Investment Income from prior yearUSD $ 3,571,681
Investment Income from current yearUSD $ 6,319,569
Other Revenue from prior yearUSD $ 2,641,982
Other Revenue from current yearUSD $ 2,685,405
Gross receipts from all sourcesUSD $ 259,109,554
Net assets / fund balances at end of fiscal yearUSD $ 369,675,179
Net assets / fund balances at beginning of fiscal yearUSD $ 342,067,436
Total liabilities at end of fiscal yearUSD $ 115,368,339
Total liabilities at beginning of fiscal yearUSD $ 119,650,774
Total assets at end of fiscal yearUSD $ 485,043,518
Total assets at beginning of fiscal yearUSD $ 461,718,210
Revenues less expenses for current yearUSD $ 9,693,965
Revenues less expenses for previous yearUSD $ 9,941,515
Total expenses for current yearUSD $ 203,286,802
Total expenses for previous yearUSD $ 197,674,339
Other expenses in current yearUSD $ 51,123,573
Other expenses in previous yearUSD $ 52,698,616
Total fundraising expenses in current yearUSD $ 3,119,681
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 91,645,893
Employee salary and benefits paid in previous yearUSD $ 87,847,530
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 60,517,336
Grants and similar amounts paid in previous yearUSD $ 57,128,193
Total revenue in current fiscal yearUSD $ 212,980,767
Total revenue in previous fiscal yearUSD $ 207,615,854
Contributions and grants from current yearUSD $ 32,917,533
Contributions and grants from previous yearUSD $ 33,291,830
Gross income from fundraising eventsUSD $ 201,399
Total of other revenueUSD $ 2,116,569
2015-06-30
Total unrelated business incomeUSD $ 279,883
Net unrelated business incomeUSD $ 42,245
Program Service Revenue from prior yearUSD $ 160,636,699
Program Service Revenue from current yearUSD $ 164,164,160
Investment Income from prior yearUSD $ 3,860,082
Investment Income from current yearUSD $ 18,035,970
Other Revenue from prior yearUSD $ 2,949,279
Other Revenue from current yearUSD $ 2,374,791
Gross receipts from all sourcesUSD $ 284,824,633
Net assets / fund balances at end of fiscal yearUSD $ 343,296,129
Net assets / fund balances at beginning of fiscal yearUSD $ 325,045,402
Total liabilities at end of fiscal yearUSD $ 96,506,502
Total liabilities at beginning of fiscal yearUSD $ 99,430,737
Total assets at end of fiscal yearUSD $ 439,802,631
Total assets at beginning of fiscal yearUSD $ 424,476,139
Revenues less expenses for current yearUSD $ 31,164,755
Revenues less expenses for previous yearUSD $ 8,851,066
Total expenses for current yearUSD $ 193,457,873
Total expenses for previous yearUSD $ 188,041,306
Other expenses in current yearUSD $ 53,507,855
Other expenses in previous yearUSD $ 51,044,838
Total fundraising expenses in current yearUSD $ 3,272,041
Professional fundraising fees from current yearUSD $ 7,991
Professional fundraising fees from previous yearUSD $ 23,250
Employee salary and benefits paid in current yearUSD $ 85,990,424
Employee salary and benefits paid in previous yearUSD $ 85,258,215
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 53,951,603
Grants and similar amounts paid in previous yearUSD $ 51,715,003
Total revenue in current fiscal yearUSD $ 224,622,628
Total revenue in previous fiscal yearUSD $ 196,892,372
Contributions and grants from current yearUSD $ 40,047,707
Contributions and grants from previous yearUSD $ 29,446,312
Gross income from fundraising eventsUSD $ 121,784
Total of other revenueUSD $ 1,925,156

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 420680460

USA Mailing Address
2507 UNIVERSITY AVE
DES MOINES
IA
503114505
Date first seen: 2007-06-01
Date last seen: 2025-09-16
USA Mailing Address
2507 UNIVERSITY AVE
DES MOINES
IA
50311
Date first seen: 2007-07-01
Date last seen: 2025-12-31
USA Mailing Address
2507 UNIVERSITY AVENUE
DES MOINES
IA
50311
Date first seen: 2007-07-01
Date last seen: 2026-06-18
USA Mailing Address
310 OLD MAIN, 2507 UNIVERSITY AVE.
DES MOINES
IA
503114505
Date first seen: 2007-06-01
Date last seen: 2026-02-25
USA Mailing Address
2507 UNIVERSITY AVE.
DES MOINES
IA
503114505
Date first seen: 2007-06-01
Date last seen: 2026-06-20

The following addresses have been found in other jurisdictions:

Jurisdiction:
Address:
2507 UNIVERSITY AVENUE
307 OLD MAIN
DES MOINES
IA
50311
Jurisdiction Company ID:
Jurisdiction Registration Date:
Jurisdiction:Texas Secretary of State
Address:
2507 UNIVERSITY AVE
DES MOINES
IA
50311
Jurisdiction Company ID:0802886477
Jurisdiction Registration Date:2014-10-31
Jurisdiction:Colorado Department of State
Address:
STE 220
Centennial
CO
US
Jurisdiction Company ID:20181732726
Jurisdiction Registration Date:2018-09-19

EIN Events

Event Date Event description
2008-05-31Form 990-N declaration of Gross Receipts Under $25,000 in tax year 2007

Nearby companies/organizations

The following companies are located in the same ZIP code areas:

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