2026-02-17T17:19:51-06:00 2025-06-30 332621854 CRI CAPIN CROUSE ADVISORS LLC 345 MASSACHUSETTS AVE STE 300 INDIANAPOLIS IN 46204 990 2024-07-01 381393841 CLEARY UNIVERSITY CLEA 5175483670 3750 CLEARY DRIVE HOWELL MI 48843 ALAN DRIMMER PRESIDENT & CEO 5175483670 2026-02-17 1 1 DAREN DAIGA P01074795 5055022746 2026-02-17 2024 2025-03-06 01:10:19Z ALAN DRIMMER 3750 CLEARY DRIVE HOWELL MI 48843 29342479 0 X WWW.CLEARY.EDU X 1883 MI TO PREPARE INDIVIDUALS TO CONTRIBUTE AND PREVAIL IN A CONSTANTLY CHANGING WORKFORCE. 17 17 305 22 51448 0 389953 727827 27128248 28416514 30700 22963 126654 103198 27675555 29270502 12884782 13414279 0 0 7318792 8720447 0 0 417175 6764663 6755428 26968237 28890154 707318 380348 41929591 40957344 32315826 30934700 9613765 10022644 X TO PROVIDE A BUSINESS EDUCATION THAT EQUIPS INDIVIDUALS TO DELIVER SUPERIOR SERVICE TO EMPLOYERS AND THEIR COMMUNITIES. 0 0 21526698 13414279 28535141 INSTRUCTION AND ROOM & BOARD - THE TEACHING OF HIGHER EDUCATION COURSES TO STUDENTS AND ENABLING THEM TO SUSTAIN RESIDENCY ON CAMPUS IN ORDER TO ATTEND CLASSES, ACHIEVE A BACHELOR'S DEGREE AND ENJOY THE FULL COLLEGE EXPERIENCE. AT CLEARY UNIVERSITY, OUR COMMITMENT TO ENHANCING THE COLLEGE EXPERIENCE FOR OUR STUDENTS REMAINS FIRST AND FOREMOST. THIS YEAR, CLEARY UNIVERSITY IS PROUD TO ANNOUNCE THE FOLLOWING ACHIEVEMENTS: (CONTINUED ON SCHEDULE O)#1 IN MICHIGAN FOR RATE OF RETURN (ROI) AMONG PRIVATE, NONPROFIT BUSINESS SCHOOLS #1 IN MICHIGAN FOR EARNINGS ONE YEAR AFTER GRADUATION AND 10 YEARS AFTER GRADUATION FOR A DEGREE IN BUSINESS #2 IN THE NATION FOR BEST ONLINE BUSINESS DEGREE #4 IN MICHIGAN FOR BEST BUSINESS COLLEGE #5 IN MICHIGAN FOR LOWEST TUITION RATES AMONG PRIVATE COLLEGES CLEARY ALSO RECEIVED MORE THAN $300,000 IN GRANT FUNDING FOR ITS ARTHUR SECUNDA MUSEUM IMMERSIVE EXPERIENCE, AN OPPORTUNITY TO EXPAND THE UNIVERSITY'S ART CULTURE. FUNDS ARE BEING USED TO RESTORE, PRESERVE, ENRICH AND ENHANCE THE ART COLLECTION OF ARTHUR SECUNDA ON DISPLAY ON THE CAMPUS. IN ADDITION, CLEARY EXPANDED ITS CLEARY DIRECT CONNECT PROGRAM TO INCLUDE ALL MICHIGAN HIGH SCHOOL GRADUATES. ELIGIBLE STUDENTS AUTOMATICALLY ARE ADMITTED TO THE UNIVERSITY WITHOUT GOING THROUGH A TEDIOUS ADMISSION PROCESS. CLEARY ATTRIBUTES ITS ONGOING SUSTAINABILITY TO MANY FACTORS, PARTICULARLY THE ALIGNMENT OF OUR CURRICULUM WITH THE LABOR MARKET. 21526698 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1625 0 1 305 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 17 17 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X MEGAN TEMBY 5173383319 3750 CLEARY DRIVE HOWELL MI 48843 NICK QUIGLEY CHAIR 2.00 X X 0 0 0 EDIE REAVES IMMEDIATE PAST CHAIR 2.00 X X 0 0 0 PATRICK CLEARY III FAMILY SEAT 2.00 X X 0 0 0 DAVID BARFIELD VICE CHAIR 2.00 X X 0 0 0 DON REIMONDO VICE CHAIR (PART YEAR) 2.00 X X 0 0 0 TAYLOR WEBSTER TREASURER, FINANCE CHAIR 2.00 X X 0 0 0 ANNE MCKENNY SECRETARY, NOMINATING & GOVERN COMM. 2.00 X X 0 0 0 PATRICK CLEARY II FAMILY SEAT (PART YEAR) 2.00 X X 0 0 0 BOB RICHARDS TRUSTEE 2.00 X 0 0 0 CHRIS SPENSLEY TRUSTEE 2.00 X 0 0 0 CHRISTIAN SCHAFER TRUSTEE 2.00 X 0 0 0 CHRISTOPHER DAVIS TRUSTEE 2.00 X 0 0 0 JOE HAMWAY TRUSTEE 2.00 X 0 0 0 JOHN O'MALLEY TRUSTEE 2.00 X 0 0 0 KEVIN CLARK TRUSTEE 2.00 X 0 0 0 MIKE MAST TRUSTEE 2.00 X 0 0 0 PHILIP WEAVER TRUSTEE 2.00 X 0 0 0 STEVE HOEFT TRUSTEE 2.00 X 0 0 0 VISHAL SHARMA TRUSTEE 2.00 X 0 0 0 BILL SELESKY TRUSTEE (PART YEAR) 2.00 X 0 0 0 DR ALAN DRIMMER PRESIDENT & CEO 50.00 X 390141 0 21789 DOUGLAS STEIN PROVOST 50.00 X 153675 0 20409 JEREMY WALKER VP OF ENROLLMENT 50.00 X 163152 0 8273 ERIC RIDDERING CIO 50.00 X 146106 0 11349 HEATHER BATEMAN VP OF STUDENT SERVICES (PART YEAR) 50.00 X 117826 0 22986 HOA NGUYEN CFO 50.00 X 73161 0 16842 JULIE VARTOGIAN VP OF HUMAN RESOURCES 50.00 X 25756 0 5714 LONNIE PRIES VP OF ATHLETICS AND STUDENT AFFAIRS 50.00 X 0 0 0 TOM EGAN DIR. OF DEVELOPMENT 50.00 X 126357 0 7004 BRETT ROGERS DIRECTOR OF MARKETING 50.00 X 113983 0 17143 MEGAN TEMBY VP OF FINANCE 50.00 X 102773 0 6137 1412930 0 137646 8 0 1 0 GORDON FOOD SERVICE PO BOX 88029 CHICAGO IL 60680 FOOD SERVICES 240469 JENZABAR INC PO BOX 845588 BOSTON MA 02284 SOFTWARE SERVICES 108032 2 96303 27000 604524 727827 TUITION AND FEES 611600 25793003 25793003 ROOM AND BOARD 611600 2116581 2116581 AUXILIARY SERVICES 611600 475101 475101 CAMPUS STORE SALES 611310 31829 31829 28416514 22963 22963 5100 0 5100 5100 5100 0 96303 71977 -71977 -71977 EVENT REVENUE 722320 51448 51448 118627 118627 170075 29270502 28535141 51448 -43914 13414279 13414279 1421349 899890 488270 33189 6166448 3943433 2074548 148467 89025 42839 45649 537 521102 250757 267198 3147 522523 251441 267926 3156 15699 15699 63408 63408 3810 3810 879069 377068 416921 85080 208013 16213 183707 8093 307457 168863 123520 15074 921376 498953 378664 43759 439353 439353 507064 433993 59875 13196 1112072 1112072 1267162 753651 465340 48171 225074 83521 141553 DUES & SUBSCRIPTIONS 176380 129927 43081 3372 BOOKS 135610 74480 54481 6649 EQUIPMENT 107801 59207 43309 5285 386080 128183 257897 28890154 21526698 6946281 417175 50208 2502622 2440500 808233 912465 480927 418351 241715 324252 22272330 9338426 13424079 12933904 307743 336274 518566 537720 23595498 23053878 41929591 40957344 1059099 1117171 127760 9865089 9355423 21263878 20462106 32315826 30934700 X 3998747 4440969 5615018 5581675 9613765 10022644 41929591 40957344 380348 28531 0 X 0 1 X 1 1 1 X 2887161 508238 704085 389953 727827 5217264 2887161 508238 704085 389953 727827 5217264 21522 5195742 168808 93825 68761 36200 28063 395657 16629 16629 4039 12293 86572 118627 221531 5851081 111298438 0.88800 0.87740 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: EVENT REVENUE - 2020 AMOUNT: $ 4,039. MISC INCOME - 2022 AMOUNT: $ 12,293. 2023 AMOUNT: $ 86,572. 2024 AMOUNT: $ 118,627. SCHEDULE A, PART II: THE ORGANIZATION IS A SCHOOL AS DESCRIBED UNDER 170(B)(1)(A)(II) AND IS NOT REQUIRED TO COMPLETE A PUBLIC SUPPORT SCHEDULE. SCHEDULE A, PART II IS COMPLETED TO VERIFY THE SCHOOL CAN QUALIFY UNDER PUBLIC CHARITY STATUS SECTION 170(B)(1)(A)(VI) AND, THEREFORE, QUALIFIES TO USE THE FIRST LISTED SPECIAL RULE FOR SCHEDULE B REPORTING. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1772563 0 323900 X 0 2210686 24886 3893 2239465 1984965 48456 177265 2210686 1823023 37295 127647 3000 1984965 1871924 23585 -69486 3000 1823023 1769284 62086 168808 128254 1871924 0.00000 1.00000 0.00000 0 0 904842 904842 17688161 6298033 11390128 758234 236565 521669 2848747 2739466 109281 72346 64362 7984 12933904 ARTWORK 1772563 BENEFICIAL INTEREST IN CHARITABLE REMAINDER UNITRUSTS 361933 CASH SURRENDER VALUE OF LIFE INSURANCE POLICIES 219450 LEASE RIGHT-OF-USE ASSETS-OPERATING 4413 LEASE RIGHT-OF-USE ASSETS-FINANCING 20695519 23053878 OPERATING LEASE OBLIGATIONS 4413 FINANCING LEASE OBLIGATIONS 20457693 20462106 15952921 28531 71977 100508 15852413 3810 13414279 13418089 29270502 15544042 71977 71977 15472065 3810 13414279 13418089 28890154 PART III, LINE 4: ARTHUR SECUNDA ARTWORK - THE UNIVERSITY ESTABLISHED THE ARTHUR SECUNDA MUSEUM AT THE LIVINGSTON COUNTY, HOWELL, MI CAMPUS. THE MUSEUM ENHANCES THE UNIVERSITY'S VISIBILITY, REPUTATION AND MISSION BY PROMOTING A CULTURE OF EDUCATION AND THE SOPHISTICATION STUDENTS EXPECT FROM AN INSTITUTION OF HIGHER LEARNING. THE ADDITION OF THE MUSEUM FACILITATES STUDY IN THE FIELD OF ARTS MANAGEMENT, EXAMINATION OF THE ARTISTS AS ENTREPRENEUR, AND THE USE OF THE ART TO STIMULATE CREATIVITY AMONG THE BUSINESS STUDENTS. PART V, LINE 4: THE INTENDED USE OF THE TERM AND PERMANENT ENDOWMENT FUND IS TO FUND STUDENT SCHOLARSHIPS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES 71,977. PART XI, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE 13,414,279. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES 71,977. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE 13,414,279. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE ORGANIZATION PUBLICIZED ITS RACIALLY NONDISCRIMINATORY POLICY ON THE HOMEPAGE OF ITS WEBSITE AT ALL TIMES DURING ITS TAX YEAR IN A MANNER REASONABLY EXPECTED TO BE NOTICED BY VISITORS. LINE 6A - EXPLANATION OF GOVERNMENT FINANCIAL AID: CLEARY UNIVERSITY PARTICIPATES IN STUDENT AID PROGRAMS SUPPORTED BY THE DEPARTMENT OF EDUCATION. SUMMERFEST 72034 72034 14800 16217 15152 8974 SIP, SAVOR, SUPPORT 24269 24269 4106 737 2614 412 8965 96303 96303 4106 15537 18831 15564 17939 71977 -71977 1 SCHOLARSHIP ALLOWANCE - TUITION 3725 12881234 SCHOLARSHIP ALLOWANCE - ROOM & BOARD 325 533045 PART I, LINE 2: THE GRANTS AND SCHOLARSHIPS AWARDED BY CLEARY UNIVERSITY ARE USED TO PAY TUITION AND FEE CHARGES ON STUDENT ACCOUNTS. THE UNIVERSITY IS ABLE TO MONITOR WHETHER RECIPIENTS REMAIN STUDENTS AT THE UNIVERSITY THROUGH THE REGISTRAR'S OFFICE, AND CLASS ATTENDANCE TAKEN BY PROFESSORS. NO CASH CHANGES HANDS AND FUNDS ARE DIRECTLY TIED TO STUDENT ACCOUNTS. X X X 0 0 0 0 0 0 0 0 0 DR ALAN DRIMMER PRESIDENT & CEO 390141 0 0 0 0 0 13215 0 8574 0 411930 0 0 0 DOUGLAS STEIN PROVOST 153675 0 0 0 0 0 0 0 20409 0 174084 0 0 0 JEREMY WALKER VP OF ENROLLMENT 163152 0 0 0 0 0 8261 0 12 0 171425 0 0 0 ERIC RIDDERING CIO 146106 0 0 0 0 0 7612 0 3737 0 157455 0 0 0 FORM 990, PART VI, SECTION A, LINE 1A THE CHAIR OF THE BOARD OF TRUSTEES SHALL ALSO CHAIR THE EXECUTIVE COMMITTEE. THE CHAIR, IMMEDIATE PAST-CHAIR, VICE CHAIR, SECRETARY, TREASURER, VICE TREASURER, AND ONE MCKENNY/CLEARY FAMILY SEAT TRUSTEE SHALL CONSTITUTE THE EXECUTIVE COMMITTEE. BETWEEN MEETINGS OF THE BOARD OF TRUSTEES, THE EXECUTIVE COMMITTEE SHALL HAVE GENERAL SUPERVISION OF THE ADMINISTRATION AND PROPERTY OF THE UNIVERSITY EXCEPT THAT, UNLESS SPECIFICALLY EMPOWERED BY THE BOARD OF TRUSTEES TO DO SO, IT MAY NOT TAKE ANY ACTION INCONSISTENT WITH A PRIOR ACT OF THE BOARD OF TRUSTEES, AWARD DEGREES, ALTER ANY BY-LAWS, ELECT OFFICERS, REMOVE OFFICERS OR TRUSTEES FROM THE BOARD, APPROVE PERMANENT BUILDINGS ON TAX-EXEMPT PROPERTY HELD FOR UNIVERSITY PURPOSES, REMOVE OR APPOINT THE PRESIDENT OF THE UNIVERSITY, OR TAKE ANY ACTION WHICH HAS BEEN RESERVED FOR THE BOARD OR THE PRESIDENT. FORM 990, PART VI, SECTION A, LINE 2 PATRICK CLEARY II AND PATRICK CLEARY III - FAMILY RELATIONSHIP FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY AN INDEPENDENT TAX PREPARER AND REVIEWED IN DETAIL BY THE ORGANIZATION'S TOP MANAGEMENT. THE REVIEWED FORM 990 IS THEN PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS AND EMPLOYEES ARE ASKED ABOUT ANY CONFLICT OF INTEREST BASED ON THE CONFLICT OF INTEREST POLICY. THE SIGNED STATEMENTS ARE COLLECTED AND REVIEWED BY THE CHIEF OF STAFF, AS WELL AS THE INDEPENDENT MEMBERS OF THE BOARD. IF A CONFLICT EXISTS, THE ASSOCIATION WITH THE CONFLICTING INTEREST IS DISCONTINUED OR THE BOARD MEMBER OR EMPLOYEE IS NOT SELECTED TO SERVE. NO TRUSTEE SHALL VOTE ON ANY MATTER UNDER CONSIDERATION AT A BOARD OR COMMITTEE MEETING IN WHICH SUCH TRUSTEE HAS A CONFLICT OF INTEREST. THE MINUTES OF SUCH MEETINGS SHALL REFLECT THAT A DISCLOSURE WAS MADE AND THAT THE TRUSTEE HAVING A CONFLICT OF INTEREST ABSTAINED FROM VOTING. ANY TRUSTEE WHO IS UNCERTAIN WHETHER THE CONFLICT OF INTEREST MAY EXIST IN ANY MATTER MAY REQUEST THE BOARD OR COMMITTEE TO RESOLVE THE ISSUE BY MAJORITY VOTE. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE ESTABLISHES A BENCHMARK FOR EVERY EMPLOYEE POSITION BASED ON ONE OF THE FOLLOWING: CUPA - HR - COLLEGE & UNIVERSITY PROFESSIONAL ASSOCIATION - HUMAN RESOURCES SALARY SURVEY RESULTS OR GAASHRM - GREATER ANN ARBOR SOCIETY FOR HUMAN RESOURCE MANAGEMENT SALARY SURVEY RESULTS. EVERY EMPLOYEE POSITION IS COMPARED TO A SIMILAR POSITION IN ONE OF THESE SURVEYS (CUPA IS USED IF A POSITION MATCH EXISTS). THE AVERAGE SALARY FOR LIKE INSTITUTIONS OR SIMILAR SIZED NON-PROFITS IS USED AS OUR BENCHMARK WITH A MARGIN OF 15% ON EITHER SIDE OF THE AVERAGE TO ESTABLISH OUR SALARY "RANGE" FOR THE POSITION. ACTUAL SALARY FOR AN EMPLOYEE IS BASED ON EXPERIENCE AND EMPLOYMENT DURATION THAT MOVES ONE'S SALARY UP WITHIN THE SALARY RANGE AND SET BY THE EXECUTIVE COMMITTEE. THIS PROCESS IS DOCUMENTED IN THE COMMITTEE MEETING MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.