Mcphs University

Organization Overview

Mcphs University is located in Boston, MA. The organization was established in 1934. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 06/2021, Mcphs University employed 2,879 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mcphs University is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, Mcphs University generated $374.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $247.0m during the year ending 06/2021. While expenses have increased by 5.4% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

MCPHS UNIVERSITY IS A PRIVATE, ACCREDITED EDUCATIONAL INSTITUTION SPECIALIZING IN PREPARING STUDENTS FOR MEDICAL CAREERS BY PROVIDING INTENSIVE PROGRAMS OF STUDY IN PHARMACY AND OTHER HEALTH SCIENCES.

Describe the Organization's Program Activity:

THE UNIVERSITY PROVIDED EDUCATIONAL PROGRAMS TO STUDENTS PURSUING UNDERGRADUATE AND GRADUATE DEGREES IN PHARMACY AND HEALTH SCIENCE DISCIPLINES.


THE UNIVERSITY PROVIDED DORMITORY ACCOMODATIONS FOR STUDENTS.


THE UNIVERSITY PROVIDED CONTINUING EDUCATION COURSES AND PROGRAMS FOR PHARMACISTS AND OTHER HEALTH CARE PROFESSIONALS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Crsp Llc
Covid-19 Testing
$3,492,500
Harvard Maintenance
Maintenance Services
$1,201,401
Chartwells Dining Services
Food & Catering Services
$616,865
Professional Staffing Group
Staffing Services
$1,069,293
Securitas Security Services
Security Services
$577,843
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $525,816
All other contributions, gifts, grants, and similar amounts not included above$510,163
Noncash contributions included in lines 1a–1f $10,932
Total Revenue from Contributions, Gifts, Grants & Similar$1,035,979
Total Program Service Revenue$294,473,107
Investment income $24,192,689
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $4,795,883
Net Gain/Loss on Asset Sales $49,703,748
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $374,201,406

Grants Recieved

Over the last fiscal year, we have identified 7 grants that Mcphs University has recieved totaling $257,967.

Awarding OrganizationAmount
Artists For World Peace Inc

Middletown, CT

PURPOSE: IMPROVED VISION

$200,000
Bright Family Foundation

Modesto, CA

PURPOSE: EDUCATIONAL SCHOLARSHIPS

$25,000
$20,000
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$8,867
Norman Raab Foundation

Seattle, WA

PURPOSE: EDUCATION

$2,000
Pfizer Foundation Inc

New York, NY

PURPOSE: MATCHING GIFTS

$1,100
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$45,034,879
Earnings$14,922,351
Net Contributions$128,573
Other Expense$390,924
Grants$382,925
Ending Balance$59,311,954

Peer Organizations

Organization NameAssets
Southern New Hampshire University
Manchester, NH
$1,091,579,648
Albert Einstein College Of Medicine
Bronx, NY
$371,509,260
Bentley University
Waltham, MA
$316,624,866
Mcphs University
Boston, MA
$374,201,406
Teachers College Columbia University
New York, NY
$250,184,193
Bryant University
Smithfield, RI
$218,647,857
Rhode Island School Of Design
Providence, RI
$200,813,322
Feinberg Graduate School Of The Weizmann Institute Of Science
New York, NY
$172,532,346
New York Medical College
Valhalla, NY
$119,697,970
Touro University
New York, NY
$93,950,601
New York Law School
New York, NY
$82,190,230
Brooklyn Law School
Brooklyn, NY
$73,619,300

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