Robert Morris University
- Assets
- $269.7m
- Revenue
- $167.6m
- Investments
- $13.5m
- Employees
- 1,415
- Location
- Moon Township, PA
- Founding
- 10/1940
- Data as of
- 05/2022
- EIN
- 25-1120678
Organization Overview
Robert Morris University is located in Moon Township, PA. The organization was established in 1940. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 05/2022, Robert Morris University employed 1,415 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Robert Morris 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 05/2022, Robert Morris University generated $167.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $165.8m during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL INSTITUTION
Describe the Organization's Program Activity:
INSTRUCTION EXPENSES-DIRECT COSTS OF ALL ACTIVITIES THAT ARE PART OF THE UNIVERSITY'S INSTRUCTION PROGRAMS FROM ACADEMIC DEPARTMENTS.
SCHOLARSHIPS AND FELLOWSHIPS
STUDENT SERVICES-INCLUDE EXPENSES FOR THE OFFICES OF FINANCIAL AID, ENROLLMENT MANAGEMENT, REGISTRAR, ATHLETICS AND THOSE ACTIVITIES WHOSE PRIMARY PURPOSE IS TO CONTRIBUTE TO THE STUDENT'S EMOTIONAL AND PHYSICAL WELL BEING.
AUXILIARY ENTERPRISES: RESIDENCE HALLS, DINING HALLS, RECREATIONAL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher V Howard President (thru 2/22) | Officer | 50 | $471,672 |
Andrew S Toole Head Basketball Coach (men) | 40 | $406,666 | |
Derek Schooley Head Coach, Director Hockey Ops. | 40 | $291,877 | |
Derya A Jacobs Sr VP Corp Rel, Strat Init | Officer | 50 | $286,980 |
Renee T Cavalovitch VP And General Counsel | Officer | 50 | $279,503 |
Jeffrey A Listwak Sr VP Bus Affairs & Treasurer | Officer | 50 | $278,358 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ruffalo Noel Levitz Llc Enrollment Mgmt Services | 5/30/22 | $188,266 |
Littler Mendelson Pc Legal Services | 5/30/22 | $209,600 |
Ellucian Company Lp Software Licenses & Implementation | 5/30/22 | $787,217 |
Island Hockey Officials Llc Sports Officials | 5/30/22 | $219,688 |
Deloitte & Touche Llp Accounting & Auditiing Services | 5/30/22 | $232,272 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $55,405 |
| Related organizations | $0 |
| Government grants | $12,125,379 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,833,523 |
| Noncash contributions included in lines 1a–1f | $120,034 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,014,307 |
| Total Program Service Revenue | $138,386,292 |
| Investment income | $4,144,567 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $302,238 |
| Net Income from Fundraising Events | -$2,650 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $167,626,695 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $43,400 |
| Grants and other assistance to domestic individuals. | $49,067,151 |
| Grants and other assistance to Foreign Orgs/Individuals | $107,730 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,261,594 |
| Compensation of current officers, directors, key employees. | $988,667 |
| Compensation to disqualified persons | $354,552 |
| Other salaries and wages | $45,936,719 |
| Pension plan accruals and contributions | $3,117,351 |
| Other employee benefits | $8,258,522 |
| Payroll taxes | $3,515,098 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $284,233 |
| Fees for services: Accounting | $237,261 |
| Fees for services: Lobbying | $2,340 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,067,263 |
| Advertising and promotion | $1,439,814 |
| Office expenses | $1,317,185 |
| Information technology | $3,693,920 |
| Royalties | $0 |
| Occupancy | $3,309,426 |
| Travel | $2,670,330 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,507,632 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,817,236 |
| Insurance | $1,136,243 |
| All other expenses | $885,832 |
| Total functional expenses | $165,833,852 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $235,344 |
| Savings and temporary cash investments | $29,067,692 |
| Pledges and grants receivable | $7,772,713 |
| Accounts receivable, net | $3,104,597 |
| Loans from Officers, Directors, or Controlling Persons | $710,177 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,153 |
| Inventories for sale or use | $251,839 |
| Prepaid expenses and deferred charges | $1,026,740 |
| Net Land, buildings, and equipment | $172,269,693 |
| Investments—publicly traded securities | $31,530,037 |
| Investments—other securities | $13,534,310 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,218,101 |
| Total assets | $269,723,396 |
| Accounts payable and accrued expenses | $19,943,253 |
| Grants payable | $0 |
| Deferred revenue | $9,391,475 |
| Tax-exempt bond liabilities | $48,304,383 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $37,046,777 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $924,553 |
| Total liabilities | $115,610,441 |
| Net assets without donor restrictions | $110,394,180 |
| Net assets with donor restrictions | $43,718,775 |
| 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 | $269,723,396 |
Grants Recieved
Over the last fiscal year, we have identified 32 grants that Robert Morris University has recieved totaling $3,798,529.
| Awarding Organization | Amount |
|---|---|
Allegheny Foundation Pittsburgh, PA PURPOSE: CAPITAL CAMPAIGN SUPPORT | $1,500,000 |
Hillman Family Foundations Pittsburgh, PA PURPOSE: INTENSIVE CASE MANAGEMENT/TECHNOLOGY PROJECT TO IMPROVE GRADUATION RATES | $450,000 |
Richard King Mellon Foundation Dtd 01-01-47 Pittsburgh, PA PURPOSE: TOWARD 18-MONTH SUPPORT OF THE TRANSFER STUDENT SUCCESS CENTER TO ASSIST TRANSFER STUDENTS IN RECEIVING A BACHELOR'S DEGREE AND INCREASING THEIR CAREER OPPORTUNITIES | $250,000 |
Tull Fam Foundation Chicago, IL PURPOSE: EDUCATION | $250,000 |
Richard King Mellon Foundation Dtd 01-01-47 Pittsburgh, PA PURPOSE: TOWARD 18-MONTH SUPPORT OF THE TRANSFER STUDENT SUCCESS CENTER TO ASSIST TRANSFER STUDENTS IN RECEIVING A BACHELOR'S DEGREE AND INCREASING THEIR CAREER OPPORTUNITIES | $250,000 |
The Heinz Endowments Pittsburgh, PA PURPOSE: TO ADVANCE THE BLACK MALE LEADERSHIP DEVELOPMENT INSTITUTE (BMLDI) 2021-2022 AND FACILITATE A COLLEGE-ATTENDING CULTURE FOR AFRICAN AMERICAN MALE PARTICIPANTS BY USING AN EQUITY AND ANTI-RACISM FOCUS | $170,000 |
Endowment Analysis
| Beg. Balance | $49,060,497 |
| Earnings | -$1,893,076 |
| Net Contributions | $2,218,684 |
| Other Expense | $2,360,182 |
| Ending Balance | $47,025,923 |
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 |
University Of Dayton Dayton, OH | $1,782,604,426 | $747,930,230 |
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 |