Fairleigh Dickinson University
- Assets
- $464.5m
- Revenue
- $309.0m
- Investments
- $13.2m
- Employees
- 2,949
- Location
- Teaneck, NJ
- Founding
- 04/1958
- Data as of
- 06/2021
- EIN
- 22-1494434
Organization Overview
Fairleigh Dickinson University is located in Teaneck, NJ. The organization was established in 1958. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2022, Fairleigh Dickinson University employed 2,949 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fairleigh Dickinson 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, Fairleigh Dickinson University generated $309.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $310.0m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by 0.0% per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Fairleigh Dickinson University has awarded 35 individual grants totaling $306,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
DEDICATED TO THE PREPARATION OF WORLD CITIZENS THROUGH GLOBAL EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HIGHER EDUCATION INSTRUCTION - FAIRLEIGH DICKINSON UNIVERSITY, NEW JERSEY'S LARGEST PRIVATE UNIVERSITY, IS A NONSECTARIAN, COEDUCATIONAL INSTITUTION OFFERING PROGRAMS ON THE UNDERGRADUATE, GRADUATE AND PROFESSIONAL LEVELS. THE UNIVERSITY EDUCATES APPROXIMATELY 11,300 STUDENTS PER YEAR, INCLUDING A STRONG INTERNATIONAL STUDENT POPULATION. FOR MORE INFORMATION, SEE SCHEDULE O.
HIGHER EDUCATION AUXILIARY - TO PROVIDE FOOD SERVICE AND RESIDENT HALLS FOR UNIVERSITY STUDENTS. APPROXIMATELY 1,730 STUDENTS CURRENTLY UTILIZE UNIVERSITY RESIDENCE HALLS.
HIGHER EDUCATION RESEARCH - INVESTIGATION AND EXPERIMENTAL ACTIVITIES FOR THE PURPOSE OF DISCOVERY AND REVISION OF ACCEPTED CONCLUSIONS UNDERTAKEN FOR THE BENEFIT OF THE COMMUNITY AT LARGE. FOR MORE INFORMATION SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher A Capuano President & Trustee | OfficerTrustee | 75 | $613,032 |
Anthony P Ambrosio Trustee | Trustee | 3 | $0 |
Cheryl K Beebe Trustee | Trustee | 5 | $0 |
Brenda Blackmon Trustee (end 5/22) | Trustee | 3 | $0 |
Linda M Bowden Trustee - Vice Chair | Trustee | 5 | $0 |
Angeliki Frangou Trustee | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gourmet Dining Llc Food Service Mgmt. | 6/29/22 | $4,180,244 |
Landtek Group Inc Athltc Fac. Construc. | 6/29/22 | $4,068,633 |
Collins Building Services Facility Maintenance | 6/29/22 | $3,222,904 |
Advance At Park Place Real Estate Mgmt. | 6/29/22 | $2,423,387 |
Joseph Dugan Inc Construction Svcs. | 6/29/22 | $1,941,073 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,398,252 |
| Investment income | $3,484,488 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $11,224 |
| Net Rental Income | $265,217 |
| Net Gain/Loss on Asset Sales | $3,353,790 |
| Net Income from Fundraising Events | -$86,898 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $308,951,361 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $120,412,657 |
| Grants and other assistance to Foreign Orgs/Individuals | $2,146,492 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,905,649 |
| Compensation to disqualified persons | $313,296 |
| Other salaries and wages | $87,538,700 |
| Pension plan accruals and contributions | $2,905,502 |
| Other employee benefits | $15,345,981 |
| Payroll taxes | $7,971,120 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $580,064 |
| Fees for services: Accounting | $251,022 |
| Fees for services: Lobbying | $17,506 |
| Fees for services: Fundraising | $63,652 |
| Fees for services: Investment Management | $182,316 |
| Fees for services: Other | $9,645,980 |
| Advertising and promotion | $1,144,089 |
| Office expenses | $3,155,441 |
| Information technology | $6,721,279 |
| Royalties | $23,898 |
| Occupancy | $21,025,462 |
| Travel | $340,436 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,034,523 |
| Interest | $1,876,375 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,471,405 |
| Insurance | $4,441,853 |
| All other expenses | $0 |
| Total functional expenses | $310,031,085 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $147,755,436 |
| Pledges and grants receivable | $2,559,617 |
| Accounts receivable, net | $11,373,859 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,806,619 |
| Investments—publicly traded securities | $98,981,935 |
| Investments—other securities | $13,217,824 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $464,494,283 |
| Accounts payable and accrued expenses | $26,127,102 |
| Grants payable | $0 |
| Deferred revenue | $7,033,903 |
| Tax-exempt bond liabilities | $64,809,625 |
| Escrow or custodial account liability | $0 |
| 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 | $51,819,491 |
| Total liabilities | $149,790,121 |
| 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 | $314,704,162 |
Grants Awarded
Over the last fiscal year, Fairleigh Dickinson University has awarded $60,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
TOWNSHIP OF TEANECK POLICE DEPT PURPOSE: GENERAL SUPPORT | $8,000 |
TOWNSHIP OF TEANECK FIRE DEPT PURPOSE: GENERAL SUPPORT GENERAL SUPPORT | $8,000 |
TOWNSHIP OF TEANECK VOL AMBULANCE PURPOSE: GENERAL SUPPORT GENERAL SUPPORT GENERAL SUPPORT | $8,000 |
TOWNSHIP OF TEANECK PUBLIC TRUST FUND PURPOSE: GENERAL SUPPORT GENERAL SUPPORT GENERAL SUPPORT | $8,000 |
BOROUGH OF FLORHAM PARK FIRST AID PURPOSE: GENERAL SUPPORT GENERAL SUPPORT GENERAL SUPPORT | $12,000 |
BOROUGH OF FLORHAM PARK POLICE PURPOSE: GENERAL SUPPORT GENERAL SUPPORT GENERAL SUPPORT | $10,000 |