Drake University: Single Audit Reports and Findings
Drake University filed 10 single audits between 2016 and 2025; the most recently observed auditor is CLIFTONLARSONALLEN LLP (2025), and the 2025 report lists 7 findings. Data as of 2026-09-18.
Data as of Sep 18, 2026 · Source: Federal Audit Clearinghouse (public data)
Single audits by year
One row per audit year as the Federal Audit Clearinghouse accepted it. The auditor named is the one observed on that filing; Drake University is recorded in DES MOINES, Iowa under EIN 420680460, and the Clearinghouse records it as a higher education institution.
| Audit year | Fiscal year end | Federal expended | Threshold applied | Auditor observed | Findings | MW / SD | FAC report |
|---|---|---|---|---|---|---|---|
| 2025 | 2025-06-30 | $63,998,765 | $750,000 | CLIFTONLARSONALLEN LLP | 7 | SD | 2025-06-GSAFAC-0000401509 |
| 2024 | 2024-06-30 | $66,864,684 | $750,000 | CLIFTONLARSONALLEN LLP | 7 | SD | 2024-06-GSAFAC-0000062469 |
| 2023 | 2023-06-30 | $67,626,926 | $750,000 | CLIFTONLARSONALLEN LLP | 8 | SD | 2023-06-GSAFAC-0000005097 |
| 2022 | 2022-06-30 | $67,186,245 | $750,000 | DELOITTE & TOUCHE LLP | 0 | — | 2022-06-CENSUS-0000240925 |
| 2021 | 2021-06-30 | $73,809,490 | $750,000 | DELOITTE & TOUCHE LLP | 0 | — | 2021-06-CENSUS-0000240925 |
| 2020 | 2020-06-30 | $70,944,732 | $750,000 | DELOITTE & TOUCHE LLP | 0 | — | 2020-06-CENSUS-0000240925 |
| 2019 | 2019-06-30 | $71,897,197 | $750,000 | DELOITTE & TOUCHE LLP | 0 | — | 2019-06-CENSUS-0000240925 |
| 2018 | 2018-06-30 | $74,289,424 | $750,000 | DELOITTE & TOUCHE LLP | 0 | — | 2018-06-CENSUS-0000240925 |
| 2017 | 2017-06-30 | $70,031,623 | $750,000 | DELOITTE & TOUCHE LLP | 0 | — | 2017-06-CENSUS-0000240925 |
| 2016 | 2016-06-30 | $69,644,821 | $750,000 | DELOITTE & TOUCHE LLP | 0 | — | 2016-06-CENSUS-0000240925 |
Which federal programs did this organization report?
From the most recent accepted report. "Major" is the designation the auditor made under 2 CFR 200.518, not ours.
| ALN | Program | Expended | Major |
|---|---|---|---|
| 84.268 | FEDERAL DIRECT STUDENT LOANS | $36,148,800 | Yes |
| 93.600 | HEAD START | $12,918,151 | No |
| 84.063 | FEDERAL PELL GRANT PROGRAM | $4,378,577 | Yes |
| 93.342 | HEALTH PROFESSIONS STUDENT LOANS, INCLUDING PRIMARY CARE LOANS AND LOANS FOR DISADVANTAGED STUDENTS | $3,860,121 | Yes |
| 84.038 | FEDERAL PERKINS LOAN PROGRAM_FEDERAL CAPITAL CONTRIBUTIONS | $2,144,379 | Yes |
| 93.342 | HEALTH PROFESSIONS STUDENT LOANS, INCLUDING PRIMARY CARE LOANS AND LOANS FOR DISADVANTAGED STUDENTS | $790,720 | Yes |
| 84.007 | FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS | $750,102 | Yes |
| 84.033 | FEDERAL WORK-STUDY PROGRAM | $447,896 | Yes |
| 93.211 | TELEHEALTH PROGRAMS | $387,102 | No |
| 97.036 | DISASTER GRANTS - PUBLIC ASSISTANCE (PRESIDENTIALLY DECLARED DISASTERS) | $374,517 | No |
| 47.076 | STEM EDUCATION (FORMERLY EDUCATION AND HUMAN RESOURCES) | $277,772 | No |
| 10.558 | CHILD AND ADULT CARE FOOD PROGRAM | $269,516 | No |
| 84.129 | REHABILITATION LONG-TERM TRAINING | $242,519 | No |
| 93.576 | REFUGEE AND ENTRANT ASSISTANCE DISCRETIONARY GRANTS | $192,530 | No |
| 93.243 | SUBSTANCE ABUSE AND MENTAL HEALTH SERVICES PROJECTS OF REGIONAL AND NATIONAL SIGNIFICANCE | $186,372 | No |
| 19.009 | ACADEMIC EXCHANGE PROGRAMS - UNDERGRADUATE PROGRAMS | $127,630 | No |
| 47.049 | MATHEMATICAL AND PHYSICAL SCIENCES | $112,684 | No |
| 19.009 | ACADEMIC EXCHANGE PROGRAMS - UNDERGRADUATE PROGRAMS | $76,067 | No |
| 47.074 | BIOLOGICAL SCIENCES | $76,034 | No |
| 81.049 | OFFICE OF SCIENCE FINANCIAL ASSISTANCE PROGRAM | $52,600 | No |
| 95.006 | MODEL ACTS PROGRAM | $26,850 | No |
| 47.083 | INTEGRATIVE ACTIVITIES | $25,942 | No |
| 43.008 | OFFICE OF STEM ENGAGEMENT (OSTEM) | $25,877 | No |
| 43.008 | OFFICE OF STEM ENGAGEMENT (OSTEM) | $21,750 | No |
| 12.431 | BASIC SCIENTIFIC RESEARCH | $21,311 | No |
What findings did the auditor report?
The reference and the requirement letter are the ones the auditor used. The finding text itself is not reproduced here; the FAC report linked above carries it in full.
| Reference | Requirement | Severity | Repeat |
|---|---|---|---|
| 2025-001 | N | Significant deficiency | Yes |
Form 990 and IRS registration
Form 990 "accounting fees" (Part IX line 11c) cover all accounting services reported by the organization and are not the price of an audit engagement.
- Total revenue
- $256,277,389
- Total assets
- $628,340,806
- NTEE code
- B430
- Exempt under
- 501(c)(3)
- Ruling year
- 1950
- BMF release
- 2026-09-17
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How we computed this
Every row comes from the Federal Audit Clearinghouse record named beside it, one report per audit year, with a resubmission superseding the filing it replaces. The auditor is the one named on that filing — it is not a statement about who audits Drake University now. Form 990 figures come from the IRS e-filed return named by its object id. This page exists because the organization filed at least two single audits, or one with a finding.
Cite this page
AuditRadar. “Drake University Single Audits and Findings (IA).” https://getauditradar.com/single-audits/ia/drake-university-420680460/. Data as of 2026-09-18.