Fairleigh Dickinson University
- Assets
- $464.5m
- Revenue
- $309.0m
- Investments
- $13.2m
- Employees
- 3,389
- 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 06/2021, Fairleigh Dickinson University employed 3,389 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 6 years, revenues have fallen by an average of (1.1%) 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 6 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
990T
Mission & Program ActivityExcerpts From the 990T 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:
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 12,000 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 650 STUDENTS UTILIZED UNIVERSITY RESIDENCE HALLS. THE DECREASE IN FY21 WAS DUE TO THE PARTIAL CLOSURE OF CAMPUS AS A RESULT OF THE COVID-19 PANDEMIC.
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 | $595,021 |
Gillian M Small University Provost & SVP | Officer | 65 | $317,554 |
Hania Ferrara SVP Finance & Administration | Officer | 66 | $298,532 |
Greg Herenda Head Coach, Men's Basketball | 50 | $295,620 | |
Richard P Reiss SVP University Advancement | Officer | 50 | $278,757 |
Luke D Schultheis VP Enrollment, Planning | Officer | 60 | $274,267 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Collins Building Services Building Cleaning | 6/29/21 | $3,420,515 |
Landtek Group Inc Athltic Fac Construc | 6/29/21 | $5,625,161 |
Hollister Construction Services Construction Svcs. | 6/29/21 | $1,850,459 |
Advance At Park Place Real Estate Mgmt. | 6/29/21 | $2,141,235 |
Iss Facility Services Facility Maintenance | 6/29/21 | $2,149,550 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $37,000 |
| Membership dues | $0 |
| Fundraising events | $808,228 |
| Related organizations | $0 |
| Government grants | $16,721,760 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,831,264 |
| Noncash contributions included in lines 1a–1f | $269,334 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,398,252 |
| Total Program Service Revenue | $279,525,288 |
| 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 organizations and domestic governments. | $0 |
| 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 of current officers, directors, key employees. | $2,439,504 |
| 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 | $882,017 |
| 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 |
| Net Land, buildings, and equipment | $188,798,993 |
| 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 | $230,652,631 |
| Net assets with donor restrictions | $84,051,531 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $464,494,283 |
Grants Awarded
Over the last fiscal year, Fairleigh Dickinson University has awarded $60,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
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 |
TOWNSHIP OF TEANECK PUBLIC TRUST FUND PURPOSE: GENERAL SUPPORT GENERAL SUPPORT GENERAL SUPPORT | $8,000 |
Teaneck, NJ PURPOSE: GENERAL SUPPORT GENERAL SUPPORT GENERAL SUPPORT | $8,000 |
TOWNSHIP OF TEANECK FIRE DEPT PURPOSE: GENERAL SUPPORT GENERAL SUPPORT | $8,000 |
TOWNSHIP OF TEANECK POLICE DEPT PURPOSE: GENERAL SUPPORT | $8,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Fairleigh Dickinson University has recieved totaling $13,500.
| Awarding Organization | Amount |
|---|---|
Becton Family Foundation Tr Homosassa, FL PURPOSE: CONTRIBUTION TO SCHOOL OF NURSING | $8,500 |
Mazars Usa Philanthropic Fund New York, NY PURPOSE: SCHOLARSHIPS | $5,000 |
Endowment Analysis
| Beg. Balance | $88,303,660 |
| Earnings | $27,807,165 |
| Net Contributions | $626,550 |
| Other Expense | $2,017,586 |
| Grants | $2,395,047 |
| Ending Balance | $112,324,742 |
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 |
Villanova University Villanova, PA | $2,287,455,797 | $872,271,471 |
Rensselaer Polytechnic Institute Troy, NY | $1,598,843,813 | $653,047,178 |
Rockefeller University New York, NY | $4,263,008,941 | $535,346,959 |
Lehigh University Bethlehem, PA | $3,057,301,515 | $713,288,867 |
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 |
Seton Hall University South Orange, NJ | $890,349,000 | $473,034,000 |
Duquesne University Of The Holy Spirit Pittsburgh, PA | $869,263,663 | $434,180,406 |