Western New England University
- Assets
- $250.6m
- Revenue
- $161.4m
- Investments
- $24.1m
- Employees
- 2,074
- Location
- Springfield, MA
- Founding
- 01/2009
- Data as of
- 06/2020
- EIN
- 04-2108376
Organization Overview
Western New England University is located in Springfield, MA. The organization was established in 2009. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2021, Western New England University employed 2,074 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Western New England 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 06/2020, Western New England University generated $161.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $160.3m during the year ending 06/2020. While expenses have increased by 1.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE UNIVERSITY OFFERS FULL AND PART-TIME UNDERGRADUATE PROGRAMS ANNUALLY THAT SERVE APPROXIMATELY 2,600 STUDENTS. THE UNIVERSITY ATTRACTS STUDENTS FROM 38 STATES, U.S. VIRGIN ISLANDS, BERMUDA, AND 22 FOREIGN COUNTRIES. STUDENTS ARE OFFERED AN OPPORTUNITY TO STUDY IN APPROXIMATELY 50 UNDERGRADUATE PROGRAMS.
IN ADDITION TO A WIDE RANGE OF UNDERGRADUATE DEGREE PROGRAMS, THE UNIVERSITY OFFERS A NUMBER OF GRADUATE PROGRAMS AND FIRST PROFESSIONAL OPPORTUNITIES IN ARTS AND SCIENCES, BUSINESS, ENGINEERING, LAW, AND PHARMACY. THE UNIVERSITY ALSO OFFERS PH.D PROGRAMS IN BEHAVIORAL ANALYSIS AND ENGINEERING MANAGEMENT AND A DOCTORAL PROGRAM IN OCCUPATIONAL THERAPY.
THE UNIVERSITY OFFERS RESIDENTIAL OPPORTUNITIES TO FULL-TIME UNDERGRADUATES AND PROFESSIONAL STUDENTS THROUGH A VARIETY OF LIVING ARRANGEMENTS VARYING FROM TRADITIONAL DORMITORY SETTINGS TO APARTMENTS AND SUITES. APPROXIMATELY 1,300 STUDENTS LIVE ON CAMPUS DURING THE ACADEMIC YEAR.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Anthony S Caprio President (until 8/14/2020) | OfficerTrustee | 40 | $579,048 |
Dr Linda E Jones VP Academic Aff. (until 6/30/2020) | Officer | 40 | $250,101 |
Sudha Setty Dean, School Of Law | 40 | $249,954 | |
Dr Sharianne Walker Dean, College Of Business | 40 | $246,861 | |
Dr S Hossein Cheraghi Dean, College Of Engineering | 40 | $235,904 | |
Bryan Gross VP For Enrollment Mgt And Marktng | 40 | $220,597 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aramark Corporations Food Services | 6/29/21 | $5,266,033 |
Mako Medical Laboratories Llc Covid-19 Testing Services | 6/29/21 | $599,000 |
Market Mentors Llc Marketing And Advert | 6/29/21 | $538,396 |
Ellucian Company Lp Erp Implementation | 6/29/21 | $430,255 |
3 Enrollment Marketing Inc Enrollment Marketing | 6/29/21 | $425,956 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,257,442 |
| Investment income | $972,769 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $38,013 |
| Net Rental Income | $131,115 |
| Net Gain/Loss on Asset Sales | $1,523,884 |
| Net Income from Fundraising Events | $2,656 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $161,359,898 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $52,682,342 |
| Grants and other assistance to Foreign Orgs/Individuals | $948,525 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,288,709 |
| Compensation to disqualified persons | $83,913 |
| Other salaries and wages | $51,279,840 |
| Pension plan accruals and contributions | $3,110,602 |
| Other employee benefits | $10,865,050 |
| Payroll taxes | $4,210,528 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $296,276 |
| Fees for services: Accounting | $132,070 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $235,748 |
| Fees for services: Other | $6,824,704 |
| Advertising and promotion | $1,159,482 |
| Office expenses | $3,300,324 |
| Information technology | $1,878,346 |
| Royalties | $0 |
| Occupancy | $3,596,977 |
| Travel | $1,055,178 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,234,536 |
| Interest | $4,516,100 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,414,625 |
| Insurance | $510,669 |
| All other expenses | $0 |
| Total functional expenses | $160,251,604 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $23,611,755 |
| Pledges and grants receivable | $2,823,560 |
| Accounts receivable, net | $1,150,432 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,141,814 |
| Inventories for sale or use | $27,634 |
| Prepaid expenses and deferred charges | $2,678,247 |
| Investments—publicly traded securities | $44,350,129 |
| Investments—other securities | $24,123,876 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $250,629,088 |
| Accounts payable and accrued expenses | $10,849,867 |
| Grants payable | $2,362,038 |
| Deferred revenue | $8,114,576 |
| Tax-exempt bond liabilities | $98,814,196 |
| Escrow or custodial account liability | $2,706,530 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $630,958 |
| Total liabilities | $123,478,165 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $127,150,923 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Western New England University has recieved totaling $53,500.
| Awarding Organization | Amount |
|---|---|
The Phyllis E And Donald G Campbell Charitable Foundation Naples, FL PURPOSE: PROGRAM SUPPORT | $50,000 |
Easthampton Savings Foundation Easthampton, MA PURPOSE: EXEMPT PURPOSE | $2,500 |
James & Phyllis Tracy Scholarship Foundation Dallas, TX PURPOSE: SCHOLARSHIP | $1,000 |
Endowment Analysis
| Beg. Balance | $56,995,119 |
| Earnings | $17,918,011 |
| Admin Expense | $195,343 |
| Net Contributions | $392,708 |
| Other Expense | $41,162 |
| Grants | $3,736,061 |
| Ending Balance | $71,333,272 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fordham University Bronx, NY | $2,430,141,698 | $953,892,663 |
Rochester Institute Of Technology Rochester, NY | $2,526,196,996 | $1,071,324,345 |
St Johns University New York Jamaica, NY | $1,703,677,283 | $798,473,536 |
Rensselaer Polytechnic Institute Troy, NY | $1,598,843,813 | $653,047,178 |
Rockefeller University New York, NY | $4,263,008,941 | $535,346,959 |
The New School New York, NY | $1,263,076,833 | $558,997,855 |
Hofstra University Hempstead, NY | $1,538,245,078 | $606,887,297 |
American University Of Beirut New York, NY | $1,902,791,001 | $608,300,843 |
Quinnipiac University Hamden, CT | $1,807,258,104 | $531,949,834 |
Brandeis University Waltham, MA | $1,811,655,582 | $399,602,478 |
Johnson & Wales University Providence, RI | $913,541,997 | $403,272,641 |
Bar Ilan University In Israel New York, NY | $542,311,841 | $462,229,998 |