Georgian Court University
- Assets
- $136.7m
- Revenue
- $66.4m
- Investments
- $12.5m
- Employees
- 775
- Location
- Lakewood, NJ
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 21-0634981
Organization Overview
Georgian Court University is located in Lakewood, NJ. The organization was established in 1946. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2022, Georgian Court University employed 775 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Georgian Court 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, Georgian Court University generated $66.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $62.7m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
GEORGIAN COURT OFFERS A COMPREHENSIVE LIBERAL ARTS EDUCATION IN THE ROMAN CATHOLIC TRADITION. FOR MORE INFORMATION SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTIONAL DEGREE PROGRAM - IN 2021-2022, GEORGIAN COURT ENROLLED 2,126 STUDENTS IN MORE THAN 30 UNDERGRADUATE AND OVER 10 DISTINCTIVE GRADUATE PROGRAMS THROUGH THE SCHOOL OF BUSINESS AND DIGITAL COMMUNICATION, THE SCHOOL OF EDUCATION, THE HACKENSACK MERIDIAN HEALTH SCHOOL OF NURSING & WELLNESS, AND THE SCHOOL OF ARTS AND SCIENCES. FOR MORE INFORMATION SEE SCHEDULE O.
STUDENT SERVICE SUPPORT - OTHER EXPENDITURES TO SUPPORT THE OPERATION OF OFFICES DEDICATED TO STUDENT SERVICE ACTIVITIES.
STUDENT ATHLETES & PROGRAMS - AS A MEMBER OF THE CENTRAL ATHLETIC COLLEGIATE CONFERENCE, GCU HAD 300 ATHLETES PARTICIPATING IN NCAA DIVISION II SPORTS, FOR MORE INFORMATION SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph R Marbach President | OfficerTrustee | 35 | $335,881 |
Amy Bosio VP Fin. & Administration/cfo | Officer | 35 | $234,000 |
Matthew Manfra VP Institutional Advancement | Officer | 35 | $209,000 |
Janice Warner Provost | Officer | 35 | $188,500 |
Chris Krzak VP Enrollment & Retention | Officer | 35 | $154,126 |
Janet Sr Thiel Asst. VP Of University Assess. | 35 | $145,247 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aramark Services Inc Facilities & Dining | 6/29/22 | $2,897,372 |
Ellucian Company Lp Management Services | 6/29/22 | $1,156,024 |
Eab Global Consultant | 6/29/22 | $697,899 |
Kimmel Bogrette Architect | 6/29/22 | $627,759 |
Mcmanness Matthew S Consultant | 6/29/22 | $332,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,524,252 |
| Investment income | $2,517,228 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,503,603 |
| Net Income from Fundraising Events | -$7,288 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $66,436,020 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $16,697,079 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,290,626 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,245,173 |
| Compensation to disqualified persons | $47,129 |
| Other salaries and wages | $18,446,653 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,381,219 |
| Payroll taxes | $1,577,470 |
| Fees for services: Management | $2,770,692 |
| Fees for services: Legal | $114,442 |
| Fees for services: Accounting | $93,115 |
| Fees for services: Lobbying | $35,190 |
| Fees for services: Fundraising | $26,220 |
| Fees for services: Investment Management | $219,298 |
| Fees for services: Other | $803,992 |
| Advertising and promotion | $1,167,622 |
| Office expenses | $937,132 |
| Information technology | $2,554,641 |
| Royalties | $0 |
| Occupancy | $1,357,070 |
| Travel | $83,639 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $34,812 |
| Interest | $1,172,014 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,498,320 |
| Insurance | $927,819 |
| All other expenses | $0 |
| Total functional expenses | $62,671,293 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,974,330 |
| Pledges and grants receivable | $5,469,075 |
| Accounts receivable, net | $997,132 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $649,277 |
| Investments—publicly traded securities | $52,439,566 |
| Investments—other securities | $12,498,375 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $638,931 |
| Total assets | $136,690,213 |
| Accounts payable and accrued expenses | $5,856,711 |
| Grants payable | $0 |
| Deferred revenue | $188,673 |
| Tax-exempt bond liabilities | $14,312,983 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $68,286 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $12,195,948 |
| Total liabilities | $32,622,601 |
| 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 | $104,067,612 |