Bloomfield College & Seminary

Organization Overview

Bloomfield College & Seminary is located in Bloomfield, NJ. The organization was established in 1934. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2022, Bloomfield College & Seminary employed 692 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bloomfield College & Seminary 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 06/2022, Bloomfield College & Seminary generated $53.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $54.9m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PREPARE STUDENTS TO ATTAIN ACADEMIC, PERSONAL AND PROFESSIONAL EXCELLENCE IN A MULTICULTURAL AND GLOBAL SOCIETY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

BLOOMFIELD COLLEGE IS AN INDEPENDENT COLLEGE HISTORICALLY RELATED TO THE PRESBYTERIAN CHURCH (U.S.A.). LOCATED IN THE NEW JERSEY-NEW YORK METROPOLITAN REGION, THE COLLEGE OFFERS ACADEMIC PROGRAMS LEADING TO THE BACHELOR OF ARTS AND BACHELOR OF SCIENCE DEGREES AND MASTERS IN ACCOUNTING, FINE ARTS AND EDUCATION. THE MISSION OF BLOOMFIELD COLLEGE IS: TO PREPARE STUDENTS TO ATTAIN ACADEMIC, PERSONAL AND PROFESSIONAL EXCELLENCE IN A MULTICULTURAL AND GLOBAL SOCIETY. PROGRAMS OF STUDY ARE ROOTED IN THE LIBERAL ARTS, AND ASSIST STUDENTS IN OBTAINING THE SKILLS, KNOWLEDGE, AND VALUES THEY NEED TO BECOME EMPOWERED INDIVIDUALS ENGAGED IN RENEWING THEMSELVES, THEIR RELATIONSHIPS, THEIR WORKPLACES, AND THEIR COMMUNITIES. THE FALL 2021 STUDENT BODY WAS APPROXIMATELY 1,300 (GRADUATE & UNDER-GRADUATE) STUDENTS. THE UNDERGRADUATE STUDENT BODY IS 61% FEMALE, 49% AFRICAN AMERICAN, 32.6% HISPANIC, AND 8.4% WHITE. MANY BLOOMFIELD COLLEGE STUDENTS ARE FIRST GENERATION COLLEGE STUDENTS, OR ARE PROFESSIONALS SEEKING TO KEEP PACE WITH A CHANGING MARKET PLACE. AS OF THE FALL 2021, 390/30% STUDENTS RESIDED ON CAMPUS. IN THE FALL OF 2021, BLOOMFIELD COLLEGE ENROLLED 370 NEW FRESHMAN AND TRANSFER STUDENTS; 273 OF THESE NEW STUDENTS WERE FULL-TIME TRADITIONAL UNDERGRADUATE FRESHMEN. 98.2% OF FRESHMAN AND 97.5% OF CONTINUING STUDENTS RECEIVED SOME FORM OF AID. AID IS DISTRIBUTED AS: 81.7% SCHOLARSHIPS AND GRANTS, 14.3% STUDENT LOANS, 3% PARENTAL LOANS AND 1% JOBS. A TOTAL OF 362 ENROLLED FRESHMAN WERE JUDGED TO HAVE NEED, AND 362 OF THESE WERE OFFERED AID. BLOOMFIELD COLLEGE OFFERS OVER 60 MAJORS AND AREAS OF CONCENTRATION AS WELL AS OTHER SPECIAL LEARNING OPPORTUNITIES SUCH AS HONORS PROGRAMS AND STUDY ABROAD. IN ADDITION TO THE UNDERGRADUATE CURRICULUM, BLOOMFIELD ALSO OFFERS A CONTINUING EDUCATION PROGRAM WITH OUR OFFICE OF INTERNATIONAL TRAINING AND PROFESSIONAL STUDIES (ITPS). ITPS OFFERS ONLINE CERTIFICATE PROGRAMS FOR THE CAREER-ORIENTED STUDENT. THEY ALSO HAVE CUSTOMIZED CORPORATE COURSES. THE AMERICAN LANGUAGE CENTER HAS YEAR-ROUND ESL CLASSES FOR THOSE LOOKING TO IMPROVE THEIR ENGLISH SKILLS. IN ADDITION, THEY ARE LINKED GLOBALLY WITH MANY SCHOOLS AND UNIVERSITIES FOR TRAINING OF INTERNATIONAL STUDENTS IN ENGLISH, NURSING, EDUCATION, HOSPITALITY, AND OTHER FIELDS OF STUDY. THE ITPS RAN ON A LIMITED BASIS DURING FISCAL YEAR 2022 DUE TO THE COVID-19 PANDEMIC.


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Trustee
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Gourmet Dining Services
Food Service
$1,367,876
Abm Industries Inc
Cleaning Services
$665,288
Allied Universal Security Service
Security Services
$422,666
Huron Consulting Services Llc
Financial Services
$392,906
Ellucian Company Lp
Software Services
$327,004
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $8,294,142
All other contributions, gifts, grants, and similar amounts not included above$1,867,151
Noncash contributions included in lines 1a–1f $717,824
Total Revenue from Contributions, Gifts, Grants & Similar$10,161,293
Total Program Service Revenue$41,689,881
Investment income $349,809
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $12,400
Net Gain/Loss on Asset Sales $1,453,483
Net Income from Fundraising Events $5,783
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $53,858,401

Grants Recieved

Over the last fiscal year, we have identified 17 grants that Bloomfield College & Seminary has recieved totaling $135,740.

Awarding OrganizationAmount
The Carolyn Jane Scott Charitable Trust

Las Vegas, NV

PURPOSE: GENERAL OPERATING

$15,000
Hyde And Watson Foundation

Warren Township, NJ

PURPOSE: PURCHASE OF EQUIPMENT FOR THE SCHOOL OF NURSING.

$15,000
Walter And Louise Sutcliffe 2519020762

Las Vegas, NV

PURPOSE: GENERAL OPERATING

$15,000
Conscious Kids Inc

Brooklyn, NY

PURPOSE: SCHOLARSHIPS

$15,000
Community Foundation Of New Jersey

Morristown, NJ

PURPOSE: GENERAL SUPPORT

$13,500
Stephen & Mary Birch Foundation Inc

Wilmington, DE

PURPOSE: PROGRAM SUPPORT

$10,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$17,019,652
Earnings-$2,037,027
Admin Expense$34,067
Net Contributions$414,080
Other Expense$178,336
Grants$351,393
Ending Balance$14,832,909

Peer Organizations

Organization NameAssets
Nazareth College Of Rochester
Rochester, NY
$122,635,159
Cooper Union For The Advancement Of Science And Art
New York, NY
$135,635,048
St Francis College
Brooklyn, NY
$89,705,791
Utica University
Utica, NY
$105,142,781
College Of Mount Saint Vincent
Riverdale, NY
$110,010,056
Lebanon Valley College
Annville, PA
$104,612,783
Seton Hill University
Greensburg, PA
$99,847,300
Juniata College
Huntingdon, PA
$100,031,718
Washington And Jefferson College
Washington, PA
$82,152,318
Elizabethtown College
Elizabethtown, PA
$88,467,618
Saint Vincent College
Latrobe, PA
$111,303,783
Manhattanville College
Purchase, NY
$90,666,523

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