Wisconsin · Nonprofit
CARROLL UNIVERSITY INC
CARROLL UNIVERSITY INC (Wisconsin) receives grants from 117 organizations whose IRS filings report $10,128,643 to it, the largest being CORDELIA PIERCE HEDGES TR UW CO NEW COVENANT ($1,532,369). 76 of them have funded it in more than one year.
- Revenue FY2025
- $147M
- Funders on record
- 117
- Grants received
- $10M
- Net assets
- $248M
What Carroll University Inc does
Mission
Carroll university provides a superior education, rooted in its presbyterian and liberal arts heritage, and draws upon its christian tradition to prepare all students for vocational success, lifelong learning and service in a diverse and global society.
As stated on its FY2025 Form 990.
Programs
Instruction & academic support - carroll university offers more than 95 areas of study for students to discover and explore that are housed within two colleges (college of arts and sciences and college of health sciences) and two schools (school of business and school of education and human services). We structure those with the individual goals and needs of our students in mind. Our top majors are nursing, business, exercise science, psychology, biology and physical therapy (graduate). Many of our programs offer the flexibility to double major or add minors while still graduating in four years. We also offer the opportunity to complete select majors and get started on a career sooner with our carroll3 programs. In addition, our dual degree programs make it convenient for students to earn both a bachelor's and master's degree in just five years. Carroll isn't a one-size-fits-all kind of place and recognizes that everyone is different and we're here to help each student get the most out of their academic experience. In each of our areas of study, students will gain a strong, foundational knowledge and skills that will prepare them for their future. They will enjoy small class sizes…
$41,176,306 spent$113,698,436 earned by the program32% of program spendingAuxiliary & student services - the university offers a broad scope of activities and programming for students. Through intercultural programming, diversity initiatives, mentoring opportunities and more, our office of intercultural and diversity engagement works to challenge preconceived notions and enrich the carroll community. Students live out carroll's mission of service through volunteering, mentorship programs, civic engagement and more. Campus spiritual life includes weekly programs, retreats and partnerships with local faith communities that give students many options for reflection and worship. Other student activities at carroll include more than 50 student organizations where students can join together to explore their interests and develop leadership skills in organizations related to academic programs, service/advocacy, diversity, student government, recreation, acting, fraternity and sorority life, acapella singing, outdoor activities and more. Carroll is home to 23 ncaa division iii athletic teams (11 men's sports and 12 women's sports) and competes in the nationally-recognized college conference of illinois and wisconsin (cciw). Included in auxiliary programming are…
$89,031,456 spentof which $55,577,250 as grants$20,186,620 earned by the program68% of program spendingInstitutional support - this category of programming includes the senior leadership team, marketing and communications, and all other necessary functions to lead and support the university's students and academic mission at the waukesha, wisconsin campus and other facilities made up of 1.3 million square feet of space in over 65 buildings and 160-plus acres of land. Also included here is institutional advancement which is focused on fundraising and donor relations and the alumni relations department reaching out to more than 23,000 carroll alumni across all 50 states and 33 countries. All other services that support the administrative functions of the institution are included here including depreciation, depletion and amortization.
The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $130,207,762.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $257M to $280M (+9%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 2% · 2018 1% · 2019 1% · 2020 2% · 2021 6% · 2022 6% · 2023 1% · 2024 1% · 2025 1%. Grants only. Government contracts and fees sit inside program revenue.
5% of CARROLL UNIVERSITY INC’s revenue is contributions — more earned-revenue than three-quarters of its peers (14% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Who funds it, year by year
2017 → 2023: the base broadened from 29 funders to 47 funders, grant income rose $673k → $1.3M.
23 of 117 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 33% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of CARROLL UNIVERSITY INC’s funders (the co-funder graph). Top 30 of 117 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
CARROLL UNIVERSITY INC has a broad base — no single funder exceeds 15% of grant income, and it takes 6 funders to reach half.
the vertical line marks half of all grant income — 6 funders to its left
45% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund CARROLL UNIVERSITY INC.
Largest funder’s share by year: 2017 34% · 2018 28% · 2019 35% · 2020 19% · 2021 28% · 2022 23% · 2023 18% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
52% of CARROLL UNIVERSITY INC's funders are still giving 3 years after their first grant; 65% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
CARROLL UNIVERSITY INC draws 51% of its grant income from funders outside Wisconsin, across 17 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $3.3M arriving through sponsors registered in 15 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
CARROLL UNIVERSITY INC's funding base is broadening — from 29 funders to 47 as grant income climbed.
this organization peer median middle 50% of peers· 684 education nonprofits over $100M, FY2025
Government funding CARROLL UNIVERSITY INC receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $18.0M on record.
- Department of Education$12.2M
- Department of Health and Human Services$4.2M
- National Science Foundation$1.4M
- Department of Justice$283k
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like CARROLL UNIVERSITY INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Wisconsin
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
90% of spending goes to programs.
Governance
Footprint & structure
Files a return copy in 13 states
Screen this organization
A dated, signed PDF of the compliance screen for CARROLL UNIVERSITY INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds CARROLL UNIVERSITY INC?
- CARROLL UNIVERSITY INC (Wisconsin) receives grants from 117 organizations whose IRS filings report $10,128,643 to it, the largest being CORDELIA PIERCE HEDGES TR UW CO NEW COVENANT ($1,532,369). 76 of them have funded it in more than one year.
- How many funders does CARROLL UNIVERSITY INC have?
- IRS filings report 117 organizations giving $10,128,643 in grants to CARROLL UNIVERSITY INC, 76 of which have funded it in more than one year.
- Who is the largest funder of CARROLL UNIVERSITY INC?
- CORDELIA PIERCE HEDGES TR UW CO NEW COVENANT is the largest funder on record, with $1,532,369 in grants. The full list of funders is on this page.
- How can an organization like CARROLL UNIVERSITY INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Wisconsin. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Carroll University →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 117 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing