Monmouth University Inc, operating under the name Monmouth University, is located in West Long Branch, 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, Monmouth University employed 3,002 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Monmouth 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, Monmouth University generated $255.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $256.1m during the year ending 06/2021. While expenses have increased by 2.3% per year over the past 6 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 2015, Monmouth University has awarded 25 individual grants totaling $1,637,023. 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
MONMOUTH UNIVERSITY IS A COMPREHENSIVE INSTITUTION OF HIGHER EDUCATION (CONTINUED ON SCH. O)
Describe the Organization's Program Activity:
SEE SCHEDULE OHIGHER EDUCATION, RESEARCH AND PUBLIC SERVICE: MONMOUTH UNIVERSITY'S 170.21-ACRE CAMPUS IS LOCATED IN WEST LONG BRANCH ALONG NEW JERSEY'S NORTHERN COASTLINE, AND APPROXIMATELY ONE HOUR FROM BOTH NEW YORK CITY AND PHILADELPHIA. MONMOUTH IS A PRIVATE UNIVERSITY THAT OFFERS INNOVATIVE ACADEMIC PROGRAMS INCLUDING 33 BACHELOR'S DEGREES, 23 MASTER'S DEGREES AND 3 DOCTORAL DEGREES THROUGH THE SIX ACADEMIC SCHOOLS OF LEON HESS BUSINESS SCHOOL, EDUCATION, HUMANITIES AND SOCIAL SCIENCES, NURSING AND HEALTH STUDIES, SCIENCE, AND SOCIAL WORK AND ALSO HAS AN HONORS SCHOOL.AT MONMOUTH UNIVERSITY, THERE ARE FIVE UNIQUE ORGANIZATIONS, KNOWN AS CENTERS OF DISTINCTION, WHICH WORK TO PROMOTE AWARENESS OF SPECIFIC ISSUES AND MEET THE NEEDS OF LOCAL AND GLOBAL COMMUNITIES. MONMOUTH'S CENTERS OF DISTINCTION - THE INSTITUTE OF HEALTH AND WELLNESS (IHW), THE POLLING INSTITUTE, THE URBAN COAST INSTITUTE, THE KISLAK REAL ESTATE INSTITUTE, AND THE CENTER OF THE ARTS - PROVIDE IMPORTANT SERVICES IN AREAS SUCH AS THE ENVIRONMENT, GLOBAL AFFAIRS, AND PUBLIC POLICY AS WELL AS HANDS-ON LEARNING OPPORTUNITIES FOR THE STUDENTS.MONMOUTH IS ACCREDITED BY THE MIDDLE STATES COMMISSION OF HIGHER EDUCATION AND HOLDS SPECIALIZED ACCREDITATIONS WITH THE ASSOCIATION TO ADVANCE COLLEGIATE SCHOOLS OF BUSINESS (AACSB), ENGINEERING ACCREDITATION COMMISSION OF ABET, COMMISSION ON COLLEGIATE NURSING EDUCATION (CCNE), COUNCIL ON SOCIAL WORK EDUCATION (CSWE), NATIONAL COUNCIL FOR ACCREDITATION FOR EDUCATOR PREPARATION (CAEP), COUNCIL FOR ACCREDITATION OF COUNSELING AND RELATED EDUCATION PROGRAMS (CACREP) (MSED AND MS CLINICAL MENTAL HEALTH COUNSELING), NATIONAL ADDICTION STUDIES ACCREDITATION COMMISSION (NASAC) (MA ADDICTION STUDIES), COUNCIL ON ACADEMIC ACCREDITATION IN AUDIOLOGY AND SPEECH-LANGUAGE PATHOLOGY (CAA) OF THE AMERICAN SPEECH AND-LANGUAGE HEARING ASSOCIATION (MSED SPEECH-LANGUAGE PATHOLOGY), ACCREDITATION REVIEW COMMISSION ON EDUCATION FOR THE PHYSICIAN ASSISTANT, INC. (ARC-PA) (ACCREDITATION CONTINUED STATUS), ON THE APPROVED LIST OF THE AMERICAN CHEMICAL SOCIETY (ACS) BS CHEMISTRY WITH A CONCENTRATION IN ADVANCED CHEMISTRY AND THE CERTIFICATE IN APPLIED BEHAVIOR ANALYSIS IS THE COURSE SEQUENCE APPROVED BY THE BEHAVIOR ANALYST CERTIFICATION BOARD TO BE ELIGIBLE TO TAKE THE BOARD CERTIFIED BEHAVIOR ANALYST EXAMINATION.MONMOUTH'S FALL 2020 STUDENT ENROLLMENT WAS 4,264 UNDERGRADUATE (96% FULL-TIME) AND 1,411 GRADUATE STUDENTS (43% FULL-TIME) WHO REPRESENTED 34 STATES AND 33 COUNTRIES. MONMOUTH EMPLOYS 311 FULL-TIME FACULTY OF WHOM 75% HAVE EARNED THEIR TERMINAL DEGREE. MONMOUTH STUDENTS RECEIVE INDIVIDUALIZED FACULTY ATTENTION WITH A 12:1 STUDENT-TO-FACULTY RATIO AND AVERAGE CLASS SIZES OF 19 FOR UG OR 13 FOR GR. MONMOUTH'S RIGOROUS EDUCATION, WHICH HAS FOUNDATION IN THE LIBERAL ARTS AND AN EMPHASIS ON TRANSFORMATIVE LEARNING IN AND OUTSIDE OF THE CLASSROOM, INCLUDES AN EXPERIENTIAL EDUCATION DEGREE REQUIREMENT FOR ALL UNDERGRADUATE STUDENTS. THE MONMOUTH EXPERIENCE EMPHASIZES CULTURAL AND GLOBAL LITERACY IN THE CURRICULA AND THROUGH OUR STUDY ABROAD AND SERVICE LEARNING OPPORTUNITIES. MONMOUTH IS THE ONLY NEW JERSEY INSTITUTION TO OFFER THE PEACE CORPS VOLUNTARY PREPARATION PROGRAM. MONMOUTH'S FIRST-YEAR RETENTION IS 80.4% AND OUR SIX-YEAR GRADUATION RATE IS 74.4%.MONMOUTH'S BEAUTIFUL COASTAL RESIDENTIAL CAMPUS HOUSES AS MANY AS 1,915 STUDENTS ON CAMPUS OR IN UNIVERSITY-OWNED OR SPONSORED OFF-CAMPUS BUILDINGS AND SITS AT THE HEART OF A VIBRANT CULTURE RICH IN HISTORY, THE ARTS, TECHNOLOGY AND ENTREPRENEURSHIP. OUR RENOWNED FACULTY ARE ACTIVELY INVOLVED IN ADVANCING ACADEMIC RESEARCH NATIONWIDE WHILE ENCOURAGING MEANINGFUL COMMUNITY INVOLVEMENT AND CRITICAL THINKING FOR SELF-FULFILLMENT. MONMOUTH HAS 23 DIVISION I NCAA ATHLETIC TEAMS, 14 CLUB SPORTS, AND 12 INTRAMURAL SPORTS. IN ADDITION TO ATHLETICS THERE ARE OVER 130 CLUBS, 31 ACADEMIC/LEADERSHIP HONOR SOCIETIES, GREEK LIFE, A RADIO STATION, A TELEVISION STATION, AND AN AWARD WINNING STUDENT NEWSPAPER. THE ACADEMIC NEEDS OF STUDENTS ARE SUPPORTED BY THE CENTER FOR STUDENT SUCCESS WITH SERVICES THAT INCLUDE ACADEMIC ADVISING, ACADEMIC TRANSITIONS, TUTORIAL AND WRITING SERVICES AND PEER-ASSISTED LEARNING.OUR PROGRESS HAS BEEN WIDELY RECOGNIZED IN ANNUAL RANKINGS OF HIGHER EDUCATION, INCLUDING THE PRINCETON REVIEW'S LIST OF "BEST COLLEGES," MONEY MAGAZINE'S "BEST COLLEGES, AND IS A CLIMBING UNIVERSITY IN THE U.S. NEWS & WORLD REPORT FOR THE LAST SEVENTEEN YEARS. MONMOUTH UNIVERSITY IS ALSO RECOGNIZED IN WASHINGTON MONTHLY'S ANNUAL COLLEGE RANKINGS THAT ARE BASED ON OVERALL CONTRIBUTION TO THE PUBLIC GOOD IN THREE BROAD CATEGORIES: SOCIAL MOBILITY, RESEARCH AND PROVIDING OPPORTUNITIES FOR PUBLIC SERVICE.FOR ADDITIONAL INFORMATION, PLEASE VISIT OUR WEBSITE AT WWW.MONMOUTH.EDU.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Patrick F Leahy President | OfficerTrustee | 70 | $702,378 |
King D Rice Head Basketball Coach | 40 | $548,501 | |
William Craig VP For Finance | Officer | 55 | $313,561 |
Patricia Swannack VP For Administrative Services | Officer | 55 | $288,503 |
Donald Moliver Dean - School Of Business | 40 | $287,234 | |
Kenneth Womack - Dean-School Of Humanities (thru 06/21)/faculty | 40 | $264,139 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Compass Group Usa Inc Dba Gourmet Din Food Service | 6/29/21 | $5,172,605 |
Gb Contracting Inc Contractors | 6/29/21 | $922,035 |
Corporate Incentives Inc Dba Ci-group Advertising | 6/29/21 | $465,700 |
Braun Research Polling Stats | 6/29/21 | $734,191 |
Convergeone Inc Nw 5806 Phone System Maintenance | 6/29/21 | $349,232 |
Statement of Revenue | |
---|---|
Federated campaigns | $47,500 |
Membership dues | $0 |
Fundraising events | $146,450 |
Related organizations | $27,106 |
Government grants | $12,399,362 |
All other contributions, gifts, grants, and similar amounts not included above | $6,134,658 |
Noncash contributions included in lines 1a–1f | $775,957 |
Total Revenue from Contributions, Gifts, Grants & Similar | $18,755,076 |
Total Program Service Revenue | $228,311,212 |
Investment income | $2,104,575 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $16,184 |
Net Rental Income | $439,010 |
Net Gain/Loss on Asset Sales | $5,955,798 |
Net Income from Fundraising Events | $20,848 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $255,716,503 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $762,327 |
Grants and other assistance to domestic individuals. | $83,095,139 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $3,602,435 |
Compensation of current officers, directors, key employees. | $2,165,064 |
Compensation to disqualified persons | $201,016 |
Other salaries and wages | $87,003,227 |
Pension plan accruals and contributions | $5,187,612 |
Other employee benefits | $19,108,727 |
Payroll taxes | $6,442,040 |
Fees for services: Management | $0 |
Fees for services: Legal | $65,990 |
Fees for services: Accounting | $207,090 |
Fees for services: Lobbying | $11,555 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $1,186,161 |
Fees for services: Other | $8,544,313 |
Advertising and promotion | $1,714,957 |
Office expenses | $3,320,404 |
Information technology | $1,775,908 |
Royalties | $0 |
Occupancy | $10,483,425 |
Travel | $982,552 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $398,394 |
Interest | $359,965 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $13,789,893 |
Insurance | $2,363,243 |
All other expenses | $738,436 |
Total functional expenses | $256,110,405 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $14,184 |
Savings and temporary cash investments | $10,125,911 |
Pledges and grants receivable | $9,560,643 |
Accounts receivable, net | $1,423,341 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $660,237 |
Prepaid expenses and deferred charges | $1,857,959 |
Net Land, buildings, and equipment | $201,303,229 |
Investments—publicly traded securities | $75,590,964 |
Investments—other securities | $128,717,334 |
Investments—program-related | $3,897,563 |
Intangible assets | $0 |
Other assets | $164,537 |
Total assets | $433,315,902 |
Accounts payable and accrued expenses | $20,861,300 |
Grants payable | $0 |
Deferred revenue | $7,975,479 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $3,688,320 |
Unsecured mortgages and notes payable | $2,256,087 |
Other liabilities | $11,263,633 |
Total liabilities | $46,044,819 |
Net assets without donor restrictions | $292,264,257 |
Net assets with donor restrictions | $95,006,826 |
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 | $433,315,902 |
Over the last fiscal year, Monmouth University Inc has awarded $750,432 in support to 3 organizations.
Grant Recipient | Amount |
---|---|
New York, NY PURPOSE: GENERAL SUPPORT | $638,130 |
CITY OF LONG BRANCH PURPOSE: GENERAL SUPPORT | $75,825 |
BOROUGH OF WEST LONG BRANCH PURPOSE: GENERAL SUPPORT | $36,477 |
Over the last fiscal year, we have identified 2 grants that Monmouth University Inc has recieved totaling $6,500.
Awarding Organization | Amount |
---|---|
The Sambol Family Foundation Inc Juniper Inlet Colony, FL PURPOSE: PROGRAM OR PUBLIC SUPPORT | $5,000 |
Michelli Family Foundation Inc Wayside, NJ PURPOSE: ATHLETICS | $1,500 |
Beg. Balance | $108,463,000 |
Earnings | $31,389,000 |
Net Contributions | $2,762,000 |
Other Expense | $3,148,000 |
Grants | $1,496,000 |
Ending Balance | $137,970,000 |
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 |