Marymount University
- Assets
- $272.4m
- Revenue
- $118.6m
- Investments
- $11.4m
- Employees
- 1,310
- Location
- Arlington, VA
- Founding
- 12/1961
- Data as of
- 06/2021
- EIN
- 54-0573801
Organization Overview
Marymount University is located in Arlington, VA. The organization was established in 1961. 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, Marymount University employed 1,310 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marymount 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, Marymount University generated $118.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $113.6m during the year ending 06/2021. While expenses have increased by 1.6% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
FOUNDED IN 1950, MARYMOUNT UNIVERSITY IS AN INDEPENDENT, COMPREHENSIVE CATHOLIC UNIVERSITY OFFERING A FULL RANGE OF GRADUATE AND UNDERGRADUATE COURSES AND DEGREE PROGRAMS FOR STUDENTS OF ALL AGES THROUGH ITS MAIN CAMPUS, ITS BALLSTON CAMPUS, THE RESTON CENTER, AND THROUGH OUTREACH ACTIVITIES IN VIRGINIA.
Describe the Organization's Program Activity:
INSTRUCTIONAL - THE UNIVERSITY OFFERS A WIDE RANGE OF GRADUATE AND UNDERGRADUATE DEGREE PROGRAMS TO APPROXIMATELY 3,294 STUDENTS. EXPENSES INCLUDE SALARIES AND BENEFITS FOR 144 FULL-TIME FACULTY.
SCHOLARSHIP ALLOWANCES - PROVIDE OPPORTUNITIES FOR THOSE WHO WOULD NOT BE ABLE TO COMPLETE THEIR COLLEGE EDUCATION WITHOUT FINANCIAL ASSISTANCE.
AUXILIARY SERVICES - PROVIDES HOUSING, FOOD AND HEALTH SERVICES TO APPROXIMATELY 799 RESIDENTIAL STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Irma Becerra President | OfficerTrustee | 40 | $405,680 |
Hesham El-Rewini Provost & Senior Vp, Academic Affairs | Officer | 40 | $316,447 |
Alphonso V Diaz Former VP Of Financial Affairs | Officer | 40 | $298,796 |
William Bissett VP Enrollment Manageement And Student Affairs | Officer | 40 | $291,099 |
Dr Catherine Wehlburg Professor | 40 | $197,333 | |
Jonathan Aberman Dean | 40 | $193,921 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Atlantic Transportation Shuttle Bus Services | 6/29/21 | $544,595 |
Collaborative Solutions Llc Enterprise Cloud Consulting | 6/29/21 | $911,335 |
Medstar Sport Medicine Sport Physician Services | 6/29/21 | $446,667 |
Oculusit Llc It Consultant | 6/29/21 | $250,220 |
Spark451 Inc Student Search Services | 6/29/21 | $430,318 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,302,161 |
| Investment income | $947,224 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,765,517 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $118,614,940 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $25,158,759 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,029,409 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $32,973,010 |
| Pension plan accruals and contributions | $1,758,245 |
| Other employee benefits | $778,545 |
| Payroll taxes | $4,232,294 |
| Fees for services: Management | $5,091,164 |
| Fees for services: Legal | $349,454 |
| Fees for services: Accounting | $73,377 |
| Fees for services: Lobbying | $3,736 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $177,508 |
| Fees for services: Other | $547,236 |
| Advertising and promotion | $384,619 |
| Office expenses | $1,725,740 |
| Information technology | $3,556,560 |
| Royalties | $7,606 |
| Occupancy | $14,806,836 |
| Travel | $310,562 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $84,695 |
| Interest | $7,018,253 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,162,873 |
| Insurance | $653,912 |
| All other expenses | $0 |
| Total functional expenses | $113,589,180 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $19,959,793 |
| Pledges and grants receivable | $6,214,252 |
| Accounts receivable, net | $11,320,558 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $479,077 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,693,304 |
| Investments—publicly traded securities | $47,115,949 |
| Investments—other securities | $11,359,158 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,577,226 |
| Total assets | $272,414,108 |
| Accounts payable and accrued expenses | $9,913,559 |
| Grants payable | $0 |
| Deferred revenue | $5,367,181 |
| Tax-exempt bond liabilities | $123,870,398 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $17,036,032 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $818,782 |
| Total liabilities | $157,005,952 |
| 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 | $115,408,156 |
Grants Recieved
Over the last fiscal year, we have identified 19 grants that Marymount University has recieved totaling $954,569.
| Awarding Organization | Amount |
|---|---|
Henry Luce Foundation Inc New York, NY PURPOSE: MARYMOUNT UNIVERSITY CBL STEM PROGRAM ESCROW ACCOUNT - 2021 | $414,750 |
Lettie Pate Whitehead Foundation Inc Atlanta, GA PURPOSE: For nursing and allied health scholarships. | $349,100 |
Virginia Morris Kincaid Foundation Inc Baltimore, MD PURPOSE: PROGRAM SUPPORT | $45,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $25,218 |
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $20,000 |
The Cornelius J And Ellen P Coakley Family Foundation Inc Fairfax, VA PURPOSE: TO FURTHER THE CHARITABLE PURPOSES | $15,000 |
Endowment Analysis
| Beg. Balance | $47,701,014 |
| Earnings | $12,456,883 |
| Net Contributions | $355,870 |
| Other Expense | -$2,898 |
| Grants | $2,090,352 |
| Ending Balance | $58,426,313 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Howard University Washington, DC | $1,667,010,000 | $1,025,632,000 |
American University Washington, DC | $2,059,436,434 | $862,369,744 |
Wake Forest University Winstonsalem, NC | $2,570,183,256 | $681,736,258 |
University Of Richmond Richmond, VA | $3,926,462,707 | $713,801,637 |
Belmont University Nashville, TN | $1,474,473,117 | $464,356,154 |
Catholic University Of America Washington, DC | $943,835,203 | $334,648,312 |
Elon University Elon, NC | $1,076,200,947 | $374,224,853 |
Loyola University Maryland Inc Baltimore, MD | $700,282,931 | $288,447,259 |
Campbell University Inc Buies Creek, NC | $678,742,436 | $263,777,466 |
Lipscomb University Nashville, TN | $502,799,879 | $216,257,194 |
Gallaudet University Washington, DC | $475,474,360 | $202,751,628 |
Hampton University Hampton, VA | $893,877,520 | $270,327,094 |