Fordham University
- Assets
- $2.4b
- Revenue
- $953.9m
- Investments
- $870.8m
- Employees
- 7,290
- Location
- Bronx, NY
- Founding
- 01/1938
- Data as of
- 06/2021
- EIN
- 13-1740451
Organization Overview
Fordham University is located in Bronx, NY. The organization was established in 1938. 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, Fordham University employed 7,290 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fordham 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, Fordham University generated $953.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $925.2m during the year ending 06/2021. While expenses have increased by 2.8% 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.
Since 2016, Fordham University has awarded 127 individual grants totaling $9,340,488. 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
TO PROVIDE THE HIGHEST QUALITY EDUCATION TO UNDERGRADUATE AND GRADUATE STUDENTS, IN THE JESUIT TRADITION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HIGHER EDUCATION FORDHAM UNIVERSITY IS AN INDEPENDENT, NOT-FOR-PROFIT, COEDUCATIONAL INSTITUTION OF HIGHER LEARNING, IN THE JESUIT TRADITION, WITH ITS PRINCIPAL CAMPUSES LOCATED IN NEW YORK CITY. FORDHAM UNIVERSITY SERVES AND EDUCATES APPROXIMATELY 9,500 UNDERGRADUATE STUDENTS AND 6,600 GRADUATE AND PROFESSIONAL STUDENTS. FOR MORE INFORMATION, SEE SCHEDULE O.
STUDENT HOUSING & FOOD SERVICES THE UNIVERSITY PROVIDES VARIOUS SERVICES FOR THE BENEFIT OF ITS STUDENTS, FACULTY AND STAFF AND IN SUPPORT OF EDUCATIONAL ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna Rappaccioli Dean | 35 | $684,519 | |
Dennis C Jacobs Provost & SVP Academic Affairs | Officer | 35 | $651,282 |
Martha K Hirst Sr Vp, CFO & Treasurer | Officer | 35 | $613,746 |
Stephanie V Gaitley Wmns Bktball Coach (end 6/22) | 35 | $531,544 | |
Matthew Diller Dean | 35 | $520,350 | |
Peter Stace SVP Enrllmnt & Stgy (end 6/22) | Officer | 35 | $530,917 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tishman Interiors Corporation Construction | 6/29/22 | $61,555,241 |
Aramark Services Inc Food Service | 6/29/22 | $21,433,932 |
2u Inc Online Education | 6/29/22 | $29,600,716 |
Allied Universal Security Services Security Services | 6/29/22 | $8,966,853 |
Caldwell Walsh Building Construct Construction | 6/29/22 | $7,098,903 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $124,473,071 |
| Investment income | $15,887,318 |
| Tax Exempt Bond Proceeds | $446,102 |
| Royalties | $249,187 |
| Net Rental Income | $517,757 |
| Net Gain/Loss on Asset Sales | $11,542,878 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $953,892,663 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $269,446,230 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $5,631,375 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $285,652,494 |
| Pension plan accruals and contributions | $20,297,126 |
| Other employee benefits | $70,021,505 |
| Payroll taxes | $19,723,220 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $748,829 |
| Fees for services: Accounting | $377,689 |
| Fees for services: Lobbying | $27,525 |
| Fees for services: Fundraising | $411,198 |
| Fees for services: Investment Management | $10,421,580 |
| Fees for services: Other | $15,413,975 |
| Advertising and promotion | $5,745,503 |
| Office expenses | $8,904,155 |
| Information technology | $11,990,731 |
| Royalties | $72,401 |
| Occupancy | $56,138,828 |
| Travel | $1,315,254 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,412,088 |
| Interest | $13,116,877 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $57,499,112 |
| Insurance | $3,693,809 |
| All other expenses | $0 |
| Total functional expenses | $925,168,621 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,835,075 |
| Savings and temporary cash investments | $53,386,989 |
| Pledges and grants receivable | $98,620,464 |
| Accounts receivable, net | $10,807,194 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,318,249 |
| Inventories for sale or use | $705,670 |
| Prepaid expenses and deferred charges | $6,268,596 |
| Investments—publicly traded securities | $91,736,136 |
| Investments—other securities | $870,799,052 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $167,135,693 |
| Total assets | $2,430,141,698 |
| Accounts payable and accrued expenses | $95,705,179 |
| Grants payable | $0 |
| Deferred revenue | $29,926,472 |
| Tax-exempt bond liabilities | $535,334,188 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,092,566 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $182,004,423 |
| Total liabilities | $846,062,828 |
| 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 | $1,584,078,870 |
Grants Awarded
Over the last fiscal year, Fordham University has awarded $1,497,732 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
OKLAHOMA STATE UNIVERSITY PURPOSE: RESEARCH | $12,783 |
HAVERFORD COLLEGE PURPOSE: RESEARCH | $22,478 |
MOUNT SINAI SCHOOL OF MEDICINE PURPOSE: RESEARCH | $394,636 |
UNIVERSITY OF TENNESSEE PURPOSE: RESEARCH | $67,457 |
POLYTECHNIC UNIVERSITY OF PUERTO RICO PURPOSE: RESEARCH | $85,362 |
MARQUETTE UNIVERSITY PURPOSE: RESEARCH | $10,450 |