Better Business Bureau Report for
Spalding University

Better Business Bureau Report issued November 2014
Better Business Bureau Report expires June 2017

This BBB Accredited charity meets all 20 Standards for Charity Accountability. Find out more...

Find out more about this charity:

Back To Top

Charity Contact Information

Name: Spalding University
Address: 845 South Fourth Street
  Louisville, KY 40203
Phone: 502-585-9911
Web Address:
Back To Top

Better Business Bureau Comments

Formerly known as:Spalding College

Year, State Incorporated: 1984, Kentucky
Affiliates: None
Stated Purpose: Spalding University is a diverse community of learners dedicated to meeting the needs of the times in the tradition of the Sisters of Charity of Nazareth through quality undergraduate and graduate liberal and professional studies, grounded in spiritual values, with emphasis on service and the promotion of peace and justice

Back To Top

Evaluation Conclusions


Spalding University meets the 20 Standards for Charity Accountability.
Back To Top



As a private, co-educational, independent, not-for-profit university, Spalding offers twenty-seven fully accredited degree programs, including several nationally recognized and highly competitive graduate degrees. Spalding University is committed to serving students whose potential for success and drive to grow through education may be greater than their academic preparation or economic ability, and the institution has developed an education delivery model that works with each student to build on their capabilities, equipping them to compete academically and professionally. Spalding has long been a leader in providing educational opportunities for working adults. Enrollment is approximately 1/3 traditional undergraduate students, 1/3 adult undergraduate students, and 1/3 graduate students. Spalding’s enrollment headcount just under 2,500 students. Spalding's student body is highly diverse: 46% of the students are the first in their families to attend college; 66% are eligible for Pell Grants, indicating an economically challenged household; and 39% self-identify as being from an ethnic minority.

For the fiscal year ended June 30, 2014, Spalding University's program expenses were:

Instructional 13,203,675
Student services 4,039,918
Physcial Plant and Maintenance 2,075,062
Auxiliary enterprises 1,837,914
Depreciation 1,343,756
Academic support and research 1,149,267
Institutional support 653,661
Total Program Expenses: $24,303,253
Back To Top



Chief Executive : Tori Murden McClure, President

Chair of the Board: Paul Ratterman
Chair's Profession / Business Affiliation: Investment vice president

Board Size: 22

Paid Staff Size: 913

Back To Top

Fund Raising


Method(s) Used:

Methods of fund raising include direct mail, telephone, invitations to fund raising events, grant proposals, internet, and planned giving arrangements.
Fund raising costs were 24% of related contributions. (Related contributions, which totaled $1,848,084, are donations received as a result of fund raising activities.)
Back To Top

Tax Status


This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
Back To Top



The following information is based on Spalding University's audited financial statements for the fiscal year ended June 30, 2014.

Ending net assets as reported below include $27,045,812 in unrestricted net assets , $6,572,171 in temporarily restricted net assets, and $8,145,000 in permanently restricted net assets.

Total assets as reported include $25,859,008 invested in property, plant, and equipment.

Source of Funds  
Net Tuition and Fees 27,721,425
Gifts 1,781,690
Auxiliary enterprises 1,347,988
Sponsored programs 358,310
Other 237,199
Net investment income 221,203
Bequests and Trusts 66,394
Total Income $31,734,209


Uses of Funds as a % of Total Expenses

Programs: 81%  Fund Raising: 1%  Administrative: 18% 

Total income $31,734,209
Program expenses $24,303,253
Fund raising expenses 434,688
Administrative expenses 5,607,480
Total expenses $30,345,421
Income in Excess of Expenses 1,388,788
Beginning net assets 38,266,398
Other Changes in Net Assets 2,107,797
Ending net assets 41,762,983
Total liabilities 16,078,133
Total assets $57,841,116

Back To Top

An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

Send to:

What is an Accredited Charity