Saint Josephs University
- Assets
- $1.5b
- Revenue
- $636.8m
- Investments
- $66.0m
- Employees
- 3,406
- Location
- Philadelphia, PA
- Founding
- 11/2010
- Data as of
- 05/2023
- EIN
- 23-1352674
Organization Overview
Saint Josephs University is located in Philadelphia, PA. The organization was established in 2010. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 05/2023, Saint Josephs University employed 3,406 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Saint Josephs 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 05/2023, Saint Josephs University generated $636.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $386.7m during the year ending 05/2023. While expenses have increased by 3.6% per year over the past 7 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
AS PHILADELPHIA'S JESUIT CATHOLIC UNIVERSITY, SAINT JOSEPH'S PROVIDES A RIGOROUS, STUDENT-CENTERED EDUCATION ROOTED IN THE LIBERAL ARTS.
Describe the Organization's Program Activity:
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark C Reed President (thru 8/2022) | OfficerTrustee | 40 | $500,660 |
Cheryl A Mcconnell President (as Of 8/2022) | OfficerTrustee | 40 | $431,780 |
James M Norris Trustee/chair | OfficerTrustee | 10 | $0 |
Michael A Bantom Trustee | Trustee | 5 | $0 |
John P Borneman Trustee | Trustee | 5 | $0 |
Eileen K Cardile Trustee | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Abm Industry Groups Llc Housekeeping | 5/30/23 | $3,482,750 |
Media Works Ltd Marketing | 5/30/23 | $3,475,651 |
Aramark Food Services | 5/30/23 | $9,911,051 |
Allied Universal Security Services Security Services | 5/30/23 | $3,008,485 |
Health Sciences Construction Group Ltd Construction | 5/30/23 | $3,426,810 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $746,935 |
| Related organizations | $1,237,956 |
| Government grants | $8,291,964 |
| All other contributions, gifts, grants, and similar amounts not included above | $286,733,412 |
| Noncash contributions included in lines 1a–1f | $556,509 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $297,010,267 |
| Total Program Service Revenue | $319,547,366 |
| Investment income | $16,327,318 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,046,773 |
| Net Gain/Loss on Asset Sales | -$4,606,686 |
| Net Income from Fundraising Events | -$40,871 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $636,752,997 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $118,549,058 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,222,460 |
| Compensation of current officers, directors, key employees. | $1,288,984 |
| Compensation to disqualified persons | $47,768 |
| Other salaries and wages | $104,897,907 |
| Pension plan accruals and contributions | $8,101,439 |
| Other employee benefits | $17,678,103 |
| Payroll taxes | $7,509,456 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,121,715 |
| Fees for services: Accounting | $456,719 |
| Fees for services: Lobbying | $227,819 |
| Fees for services: Fundraising | $99,539 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,212,750 |
| Advertising and promotion | $4,019,245 |
| Office expenses | $2,512,265 |
| Information technology | $2,246,876 |
| Royalties | $25,409 |
| Occupancy | $18,397,855 |
| Travel | $2,281,966 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,021,713 |
| Interest | $15,356,181 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,859,461 |
| Insurance | $1,887,617 |
| All other expenses | $14,157,297 |
| Total functional expenses | $386,742,707 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $93,502,028 |
| Pledges and grants receivable | $13,298,634 |
| Accounts receivable, net | $12,028,401 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,009,779 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,124,837 |
| Net Land, buildings, and equipment | $672,318,949 |
| Investments—publicly traded securities | $424,326,872 |
| Investments—other securities | $65,983,333 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $200,978,765 |
| Total assets | $1,494,571,598 |
| Accounts payable and accrued expenses | $31,448,986 |
| Grants payable | $0 |
| Deferred revenue | $19,050,357 |
| Tax-exempt bond liabilities | $558,977,370 |
| 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 | $4,784,103 |
| Total liabilities | $614,260,816 |
| Net assets without donor restrictions | $593,462,706 |
| Net assets with donor restrictions | $286,848,076 |
| 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 | $1,494,571,598 |