Park University
8700 NW River Park Dr.
Parkville MO 64152-3795
Park University's Mackay Hall. The tower features a 25-bell carillon that chimes every quarter hour and plays music on special occasions.

Web and Phone Contact
Telephone (816) 741-2000
Mission Statement
Park University provides access to a quality higher education experience that prepares a diverse community of learners to think critically, communicate effectively, demonstrate a global perspective and engage in lifelong learning and service to others.
Leadership
CEO/Executive Director Dr. Greg Gunderson
Board Chair Mr. Michael M. Collins
Board Chair Company Affiliation Port KC, President and CEO
History and Background
Year of Incorporation 1875
Former Names
Park College
Financial Summary
Revenue Expense Area Graph

Comparing revenue to expenses shows how the organizations finances fluctuate over time.

Source: IRS Form 990

 Breakdown
Net Gain/Loss:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.
Statements
Mission Statement
Park University provides access to a quality higher education experience that prepares a diverse community of learners to think critically, communicate effectively, demonstrate a global perspective and engage in lifelong learning and service to others.
Background Statement
Park University is an independent, private institution founded in 1875 by Dr. John A. McAfee and Col. George S. Park. The University has a 140-year history of providing access to education for the traditional and non-traditional student alike. With approximately 1,500 students attending classes at the flagship campus in Parkville, Mo., and approximately 70,000 alumni recognizing the Parkville Campus as the spiritual home of their alma matter, the Parkville Campus remains at the heart of the University’s growth over the years. Park currently enjoys a distinguished position in higher education as a growing entrepreneurial institution, enrolling more than 17,000 students at 40 campus centers in 21 states, as well as our extensive online program. The mission of Park University is to provide access to academic excellence which will prepare learners to think critically, communicate effectively, and engage in lifelong learning while serving a global community.
 
The majority of the University’s traditional students attend classes on the Parkville Campus, which also serves as the academic and administrative home to the institution. Approximately 75 percent of our undergraduate students take at least some of their coursework through one of our campus centers and nearly 60 percent of all of our students take at least one course online annually.
 
Unconditionally re-accredited by the Higher Learning Commission in 2014, Park’s curriculum has been designed to provide programs students need at locations and times which suit their lives. Students can earn a degree in the traditional setting, at a distance at one of the 41 campus centers across the country or online. Park also offers online and face-to-face master’s degree programs through an adult accelerated program.
Impact Statement

Park University is one of the highest value, non-religious private universities in the United States. Park offers 63 different degrees and 11 certificates at 40 sites across the U.S. and online, making a postsecondary education available to thousands of students, who in some cases, would not be able to attain this goal.

Park University has been selected as the No. 4 “Best for Vets” private college/university in the country, as announced today by Military Times in its “Best for Vets: Colleges 2017” rankings. The ranking is a reflection of the services and support the University provides to active duty military, veterans and their families.For more information about Park University’s military and veteran services and programs, visit www.park.edu/military.

Park University has been honored by Victory Media as a 2017 Military Friendly School, a designation it has received from the publishing company for the eighth consecutive year.

As part of a story published by The Wall Street Journal in March 2015, Park University was mentioned as being one of the top private colleges in the country for return on investment. Park was tied for fifth nationally in the rankings with an annual ROI percentage of 8.3 percent, based on the 2014 PayScale College ROI Report. www.wsj.com/articles/are-prestigious-private-colleges-worth-the-cost-1425271052

Needs Statement

1. School of Business Capital Campaign

Naming Opportunities start at $25,000 The new School of Business facility will provide Park students with the opportunity to develop in a modern and collaborative learning environment and offer valuable pre-graduation exposure to business and entrepreneurial settings. This new space will also serve as the central location for the School of Business faculty. Full-time faculty and nearly 700 adjunct professors not only teach courses at Park University but work on program and curriculum design. Bringing many of them together in a common environment will create synergy and inspire the creation of new and innovative course curriculum for students.

2. Global Warrior Center

Park provides a support system for military personnel and their families. Services include guidance on utilizing education benefits and specialized counseling. The Global Warrior Center operates a book loan program to minimize the cost of books for service members. Support the book loan program today or give a general gift to help with operations.

3. Endowed Scholarship - $25,000

Park continues to be recognized as a high value education which is built on fair tuition pricing and scholarship. Consider establishing a named scholarship at Park that will be a legacy for you and your family.

4. International Center for Music (ICM)

The ICM at Park University trains and educates the next generation of accomplished musicians in a focused and creative atmosphere with an international faculty of renowned excellence. Join the Friends of ICM for as low as $100. Consider the Adopt-A-Student Scholarship for $20,000 or a named faculty chair for $1.5 Million.

Service Categories
Universities
Higher Education
Scholarships & Student Financial Aid
Areas of Service
International
National
MO
KS
MO - Jackson County
MO - Clay County
MO - Platte County
KS - Wyandotte County
KS - Johnson County
MO - Jackson County Urban Core
KS - Wyandotte County Urban Core
Programs
Description

The Ellen Finley Earhart Department of Nursing Program at Park University, initiated in 1987, is designed to provide career mobility for licensed practical nurses seeking to transition into the role of registered nurse. Our accelerated degree program enables a qualified LPN to obtain an associate degree in nursing in 10 months. In addition, graduates are prepared to take the Registered Nurse Licensure Exam and pursue a baccalaureate degree in nursing. Also, students already working with an ADN can complete an online-only BSN completion program.

Category Education, General/Other Partnerships in Education
Population Served Adults, ,
Short-Term Success

Park’s nursing program always has the short-term goal of maintaining or improving our students’ ability to become licensed upon graduation, which requires passing licensure exams. Over the past five years, more than 95 percent of our students have passed their licensure exam. The program aims to continue to meet or exceed our students’ track record of success, and is transitioning to a four-year BSN degree program. We are currently seeking accreditation by the Accreditation Commission for Education in Nursing for a 100-student BSN program to accept students beginning in the Fall 2016 semester.

Long-Term Success

Long-term success of the Ellen Finley Earhart Department of Nursing Program will be determined by the University’s ability to provide more career development opportunities for alumni, and by its ability to serve a greater number of students in years to come.

Program Success Monitored By

Program success is monitored by several metrics including:

  1. Enrollment numbers, or the number of students who value private education at Park and want to graduate from the Ellen Finley Earhart Department of Nursing Program.
  2. Student learning outcomes, or the measures by which the nursing program faculty determine how much students are learning and how well they are mastering new content.
  3. Accreditation, which helps gauge consistent quality of both courses and clinical experiences, so our students gain the hands-on experience they will need in real-life patient care situations.
  4. Students’ pass rates on licensure exams, which helps faculty monitor how well Park courses prepare students to obtain their license and become practicing RNs.
Examples of Program Success

The nursing program has been so successful in recent years, that even with a recent expansion, the University has more qualified applicants annually than we can accept into the program. The stage is set for additional growth and continued excellence as Park prepares to transition to a full four-year BSN program with increased faculty and improved facilities. The increased number of accepted students will help fill critical vacancies in the workforce doing a job that’s important to us all: caring for patients. The nursing program is also a member of the National League for Nursing and accredited by the Accreditation Commission for Education in Nursing.

Description

The International Center for Music at Park University offers the following degrees and certificates: Master of Music in Piano/String Performance, Graduate Certificate in Music Performance, Graduate Artist Diploma in Music Performance, Bachelor of Arts in Music and an Undergraduate Artist Certificate in Music Performance, which is a two-year certificate program designed for students pursuing a non-degree course of study concentrating on performance. Park students receive individualized instruction on multiple music genres ranging from classical to jazz, including music by living composers.

Program Budget $327,416.00
Category Arts, Culture & Humanities, General/Other Music Instruction
Population Served Adults, International, US& International
Short-Term Success

The International Center for Music will continue to attract and educate talented young musicians who launch their musical careers at Park University. Current and future students will continue to receive international music competition awards and other national and international recognition for their performances.

Long-Term Success

The International Center for Music's long-term success will be judged in part by the increased number of full-tuition scholarships the University is able to provide its student musicians. This will ensure that student admission is based solely on artistic promise, which in turn, will foster better audience development for the Center's concert series in the future.

Program Success Monitored By

Stanislav Ioudenitch, gold medalist of the 2001 Van Cliburn International Piano Competition and founder of the ICM, envisions elevating the already impressive reputation of the Center to the highest possible standard of musical performance. Ultimately, the success of the International Center for Music is monitored by our students’ level of performance in their studios and on stage, especially as our students continue to attract more dedicated audience members.

Examples of Program Success
ICM students and alumni continue to win major international competitions. For example: the International Crescendo Music Awards Competition (silver medal); Michael Hill Violin Competition, New Zealand (semifinalist); Queen Elizabeth International Piano Competition, Belgium (finalist); Kansas City Symphony Young Artists Competition (winner); International Johansen Competition for Young String Players (second prize).

Behzod Abduraimov, ICM artist-in-residence continues to tour internationally as a soloist in the great concert halls of the world. In addition, Daniel Radzynski was recently chosen as concertmaster for the Israel Philharmonic Orchestra.

Description

The Park Warrior Center embodies Park’s commitment to our nation’s wounded warriors, including those injured in Operation Iraqi Freedom and Operation Enduring Freedom. The Center is designed to holistically assist returning service members with physical and mental health disabilities as they work toward accomplishing their educational and career goals. The PWC provides: 

  • Scholarship opportunities for the spouses/caregivers of military personal, which allows soldiers and veterans to use their G.I. benefits at the same time their spouses are preparing for a career transition;
  • Veteran-taught ADA compliant college courses in a structured format with specialized academic, emotional and social support;
  • Transition courses designed to help orient wounded service members to the college experience.
Category Education, General/Other Adult Education
Population Served At-Risk Populations, People/Families with of People with Disabilities, People/Families with of People with Psychological Disabilities
Short-Term Success

Short term goals for the Park Warrior Center include: 

  • Raising scholarships for the spouses of wounded military service members so that at least five spouses taking no more than 12 credit hours will have at least half their tuition and all of their books covered over an academic year.
  • Increasing awareness of the services offered to returning service members
  • Increasing matriculation rates or the number of students who enroll in a degree program after completing transition coursework.
  • Enhancing feedback and data collection mechanisms that will assist in more robust measurement of PWC students’ course and degree completion, academic achievement, social integration and student satisfaction.
  • Acquiring cutting-edge assistive technology to have on hand for students with severe physical limitations so that more students with physical disabilities can be serve.
Long-Term Success

Long-term, the PWC will help countless service members who were injured in the course of duty to transition from military life into higher education, transition to the degree program of their choice, complete that degree program and go on to begin their chosen profession with the knowledge and tools necessary for success. 

Additional long-term goals include:

 

  • Creating an endowed scholarship fund for the spouses or caregivers of service members wounded in the course of duty.
  • Helping PWC students realize higher levels of academic achievement that will raise degree completion rates.
  • Completing long-term studies on how all students affiliated with the PWC learn best, including wounded warriors, veterans, active duty and reserve duty military service members.
  • Increasing PWC staff so the center can offer students more services, such as specialized counseling for soldiers and veterans with traumatic brain injury and persistent symptoms of post-traumatic stress disorder.
Program Success Monitored By

The success of the Park Warrior Center is measured by course completion rates, program persistence rates and student surveys administered before and after enrollment to gauge students’ progress toward their personal, educational and career goals. As more and more students enroll in the PWC, the Center will also have enough data to measure success by matriculation and graduation rates.

Examples of Program Success

While the number of casualties in recent conflicts has gone down, the number of service members returning from duty either physically or mentally changed is on the rise. According to statistics from the U.S. Department of Defense, 98 percent of troops seeking help for emotional issues are returned back to their units. Soldiers who serve on multiple tours are 50 percent more likely to develop acute combat stress.

The PWC is helping these students adjust to the demands of higher education by providing them the assistance they need to overcome obstacles to their success. At present, 90 percent of students in the PWC have PTSD and have access to additional resources specific to their needs. Nearly three out of four PWC students have a VA certified disability rating higher than 30 percent and will require some kind of disability support for the rest of their lives. These students are enrolled in Park’s accelerated online classes, which, University-wide, have a 93 percent pass rate for students who make it to the add/drop date.
Executive Director/CEO
Executive Director Dr. Greg Gunderson
Term Start Jan 2016
Experience

Park University has selected Greg Gunderson, Ph.D., to become the school’s 17th president, effective Jan. 15, coinciding with the start of the University’s Spring 2016 semester.

Before joining Park University, Gunderson served nearly five years as the vice president and chief financial officer of Webster University in St. Louis, leading its accounting, purchasing, accounts payable, bursar, internal audit, public safety, strategic planning, facilities and treasury units, and directed the financial processes for Webster’s 68 campuses around the world. Prior to his service at Webster, Gunderson spent nine years at the University of Nebraska-Lincoln — six years (2005-11) as assistant vice chancellor for business operations in the Office of Academic Affairs and three years (2002-05) as director of financial resources and budget operations.

Gunderson also has experience in the private sector as project controller and chief of staff at ConAgra Inc., in Omaha, Neb.; director of finance for inbound operations at APAC Customer Services in Omaha; senior revenue accountant and tax accountant at Cray Research Inc., Eagan, Minn.; and tax accountant at Arthur Anderson and Co., St. Paul, Minn.

Selected “CFO of the Year” by the St. Louis Business Journal in 2014, Gunderson earned his doctoral degree in educational leadership in higher education from the University of Nebraska-Lincoln. He received a Master of Business Administration degree from the University of St. Thomas (St. Paul, Minn.) and a Bachelor of Science in business administration from the University of Nebraska-Omaha.

A native of Omaha, Gunderson’s family includes his wife of 27 years, Laurie, an attorney who has been a stay-at-home mother since the family moved to St. Louis, and their two sons, David, 18, a student at Webster University, and Jack, 17, a high school junior.
Co-CEO/Executive Director
Term Start
Compensation Last Year
Former CEOs
NameTerm
Michael Droge Ph.D. 2009 - June 2014
Mr. David M. Fowler July 2014 - June 2015
Senior Staff
Title Associate Vice President and Chief Human Resource Officer
Title Vice-President and General Counsel
Title Interim Chief Financial Officer
Experience/Biography Mr. Van Hoesen has executive level experience in management, business leadership, mergers and acquisitions, and leveraged financing. As a certified public accountant and licensed attorney, Van Hoesen has a proven track record of growing institutional value with a strong acumen in cash flow management, budgeting, forecasting and staff development.

Prior to joining Park, Van Hoesen was general counsel and chief financial officer of a telecommunications company. He began his career path as an associate with the accounting firm CBIZ, and later moved to the local accounting firm House, Park, Dobratz and Wiebler in the role of audit manager.

Title Vice President of Enrollment and Student Services
Experience/Biography

Shane Smeed was appointed vice president of enrollment and student services at Park University in September 2015. Smeed has more than 17 years of experience in higher education, holding a variety of positions, including director of admissions, dean of enrollment management and vice president of admissions. In his role at Park, Smeed will provide strategic and operational leadership to a department that includes the deans and directors of enrollment, student financial services, international student admissions and services, student services, campus center operations and athletics.

Prior to joining Park University, Smeed served as vice president of admissions at Kaplan University, vice president and chief operating officer of Ottawa (Kan.) University, metro president for DeVry University’s Kansas City campuses and inventory planner for the Boeing Co. in its materials management division.

Smeed is pursuing a doctorate degree in higher education administration from St. Louis University. He earned a Master of Business Administration degree from Keller Graduate School of Management and holds a bachelor’s degree in business operations from DeVry Institute of Technology.

Title Provost
Experience/Biography

Rebekkah Stuteville, Ph.D., was appointed interim provost in September 2015. Previously, Stuteville served as associate vice president of academic affairs for the University, as well as director of Park’s Master of Public Affairs program within the Hauptmann School of Public Affairs, and chair and associate professor of public administration. In her current role, Stuteville will organize and facilitate the Office of the Provost.

Prior to joining Park in 2008, Stuteville worked as a federal civil servant for 17 years at the U.S. Department of Housing and Urban Development where she was responsible for monitoring regulatory compliance issues and provided technical assistance on HUD’s housing and community development programs of cities, states and nonprofit organizations in Kansas and western Missouri.

Stuteville earned her doctorate in political science and public administration from the University of Missouri-Kansas City in 2004. She also received both her Bachelor of Arts degree and Master of Arts degree in political science from UMKC.

Title Chief of Staff
Title Chief Information Officer
Staff
Paid Full-Time Staff 516
Paid Part-Time Staff 91
Volunteers 380
Paid Contractors 0
Retention Rate 83%
Formal Evaluations
CEO Formal Evaluation Yes
CEO/Executive Formal Evaluation Frequency Annually
Senior Management Formal Evaluation Yes
Senior Management Formal Evaluation Frequency Annually
Non-Management Formal Evaluation Yes
Non-Management Formal Evaluation Frequency Annually
Plans & Policies
Organization Has a Fundraising Plan Yes
Organization Has a Strategic Plan Yes
Management Succession Plan Yes
Organization Policy and Procedures Yes
Nondiscrimination Policy Yes
Whistleblower Policy Yes
Document Destruction Policy Yes
External Assessment and Accreditations
Assessment/AccreditationYear
Council on Social Work Education - Accreditation2010
Higher Learning Commission of North Central Association of Colleges and Schools - 10 Year Accreditation2014
Awards
Award/RecognitionOrganizationYear
Best Value in private higher education, among schools not affiliated with a religious institutionParents and Colleges.com2015
Military Friendly SchoolG.I. Jobs2015
Government Licenses
Is your organization licensed by the government? No
Board Chair
Board Chair Mr. Michael M. Collins
Company Affiliation Port KC, President and CEO
Term July 2015 to June 2017
Board Members
NameAffiliation
Honorable Lynn Bondurant Ph.D.Bondurant Consulting
Mr. John C. Brown Honorary Board MemberELCA Properties, Inc.
Mr. Michael M. Collins Port Authority of Kansas City, MO
Mr. Robert P. Corbett Honorary Board MemberCommunity Volunteer
Mr. James Cornelius UMB Financial Corporation
Ms. Lynn Craghead U.S. Bank
Mr. Dennis Fisher Retired
Mr. Kristopher Stark Flint Stark Collective, LLC
Ms. Rosemary Fry Plakas Community Volunteer
Mr. Charles Garney Honorary Board MemberCEO Briarcliff Development Company; Chairman of the Board, Emeritus, Garney Construction Company
Lt. Gen. Richard Keller CGSC Foundation Senior Advisory Council
Ms. Virginia B. McCoy Honorary Board MemberCommunity Volunteer; Former Board Chair
Mr. Scott D. McRuer McRuer CPAs
C. Ann Mesle 16th Judicial Circuit of Missouri
Ms. Louise Morden Honorary Board MemberNiagra's Wax Museum Complex
Mr. Gerald Moss Honorary Board MemberRetired Attorney
Mr. William Perry
Ms. Jeanette Prenger Ecco Select
Mr. Daniel Sakata Community Volunteer
Ms. Judy Simonitsch CPA, Retired / Deloitte and Touche, LLP
Ms. Jacqueline Snyder Ed.D.
Mr. Richard Thode Community Volunteer
Mr. Eric Wade City of Lenexa
Mr. David Warm Mid-America Regional Council
Ms. Julie Wilson Cerner Corporation
Board Demographics - Ethnicity
African American/Black 1
Asian American/Pacific Islander 1
Caucasian 16
Hispanic/Latino 1
Native American/American Indian 0
Other 0
Board Demographics - Gender
Male 11
Female 8
Unspecified 0
Governance
Board Term Lengths 3
Board Term Limits 3
Board Meeting Attendance % 87%
Written Board Selection Criteria? Yes
Written Conflict of Interest Policy? Yes
Percentage Making Monetary Contributions 86%
Percentage Making In-Kind Contributions 100%
Constituency Includes Client Representation Yes
Number of Full Board Meetings Annually 3
Standing Committees
Executive
Institutional Advancement
Trusteeship
Academic Affairs
Finance
Trusteeship
Audit
Marketing
Financials
Fiscal Year Start July 01, 2016
Fiscal Year End June 30, 2017
Projected Revenue $76,807,634
Projected Expenses $75,792,354
Endowment Value $48,107,526
Spending Policy Percentage
Percentage 4
Audit Documents
IRS Letter of Exemption
Foundation Comments
  • FYE 6/30/2014, 2013, 2012:  Financial data reported using IRS Form 990.  
  • Foundation/corporate revenue line item may include contributions from individuals and government grant revenue.
Detailed Financials
Revenue SourcesHelpThe financial analysis involves a comparison of the IRS Form 990 and the audit report (when available) and revenue sources may not sum to total based on reconciliation differences. Revenue from foundations and corporations may include individual contributions when not itemized separately.
Fiscal Year201420132012
Foundation and
Corporation Contributions
$1,510,842$1,268,671$972,904
Government Contributions$0$0$0
Federal--$0$0
State--$0$0
Local--$0$0
Unspecified$0$0$0
Individual Contributions--$0$0
$0$0$0
$77,592,046$83,063,367$81,582,743
Investment Income, Net of Losses$2,404,417$2,407,690$3,862,022
Membership Dues$0$0$0
Special Events$348,981$156,073$102,618
Revenue In-Kind$15,999$50,304$0
Other$719,087$628,504$718,323
Expense Allocation
Fiscal Year201420132012
Program Expense$60,530,705$56,349,113$56,684,197
Administration Expense$18,994,061$20,650,569$20,040,426
Fundraising Expense$779,737$762,487$671,528
Payments to Affiliates--$0$0
Total Revenue/Total Expenses1.031.131.13
Program Expense/Total Expenses75%72%73%
Fundraising Expense/Contributed Revenue42%54%62%
Assets and Liabilities
Fiscal Year201420132012
Total Assets$140,013,534$133,822,950$122,345,723
Current Assets$22,876,471$27,164,290$19,610,826
Long-Term Liabilities$3,431,964$3,586,704$2,976,457
Current Liabilities$30,947,918$32,476,625$33,920,140
Total Net Assets$105,633,652$97,759,621$85,449,126
Short-Term Solvency
Fiscal Year201420132012
Current Ratio: Current Assets/Current Liabilities0.740.840.58
Long-Term Solvency
Fiscal Year201420132012
Long-Term Liabilities/Total Assets2%3%2%
Top Funding Sources
Fiscal Year201420132012
Top Funding Source & Dollar AmountIndividual Donor $338,870Individual Donor $338,870 --
Second Highest Funding Source & Dollar AmountIndividual Donor $203,216Individual Donor $203,217 --
Third Highest Funding Source & Dollar AmountIndividual Donor $117,405Individual Donor $198,584 --
Capital Campaign
Currently in a Capital Campaign? Yes
Campaign Purpose School of Business Building Campaign
Capital Campaign Anticipated in Next 5 Years Yes
Organization Name Park University
Address 8700 NW River Park Dr.
Parkville, MO 641523795
Primary Phone (816) 741-2000
Contact Email advancement@park.edu
CEO/Executive Director Dr. Greg Gunderson
Board Chair Mr. Michael M. Collins
Board Chair Company Affiliation Port KC, President and CEO
Year of Incorporation 1875
Former Names
Park College