Rider University
- Assets
- $309.3m
- Revenue
- $216.9m
- Investments
- $35.7m
- Employees
- 2,673
- Location
- Lawrenceville, NJ
- Founding
- 02/1925
- Data as of
- 06/2021
- EIN
- 21-0650678
Organization Overview
Rider University is located in Lawrenceville, NJ. The organization was established in 1925. 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, Rider University employed 2,673 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rider 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, Rider University generated $216.9m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $236.3m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Rider University has awarded 12 individual grants totaling $282,723. 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
A NOT-FOR-PROFIT, PRIVATE UNIVERSITY, OFFERING UNDERGRADUATE, GRADUATE, AND DOCTORAL PROGRAMS
Describe the Organization's Program Activity:
INSTRUCTION: RIDER UNIVERSITY IS AN INDEPENDENT, COMPREHENSIVE, TEACHING ORIENTED INSTITUTION OF HIGHER LEARNING. THE UNIVERSITY OFFERS FINANCIAL SUPPORT TO STUDENTS THROUGH ACADEMIC AND ATHLETIC SCHOLARSHIPS, GRANTS AND STUDENT WORKSTUDY PROGRAMS. RIDER UNIVERSITY IS CURRENTLY ORGANIZED INTO FOUR COLLEGES - THE COLLEGE OF LIBERAL ARTS AND SCIENCES; THE COLLEGE OF EDUCATION AND HUMAN SERVICES; NORM BRODSKY COLLEGE OF BUSINESS; AND THE WESTMINSTER COLLEGE OF THE ARTS. SEE SCHEDULE O FOR CONTINUATION OF ACCOMPLISHMENTS FOR INSTRUCTION.
STUDENT SERVICES: RIDER UNIVERSITY PROVIDES THESE SERVICES TO THE ENTIRE STUDENT COMMUNITY IN AN EFFORT TO DEVELOP THE INTELLECTUAL AND SOCIAL TALENTS OF ITS STUDENTS. THESE SERVICES INCLUDE: ADMISSIONS, ATHLETICS, GREEK LIFE, CAREER SERVICES, COUNSELING CENTER, HEALTH SERVICES, FINANCIAL AID, AND RECREATION PROGRAMS.
AUXILIARY ENTERPRISES: PRIMARY ROOM AND BOARD. THE LAWRENCEVILLE CAMPUS HOUSES APPROXIMATELY 900 STUDENTS IN THIRTEEN RESIDENCE HALLS AND SIX GREEK HOUSES. THE LAWRENCEVILLE CAMPUS OFFERS FACILITIES FOR DINING AND SNACKING FOR STUDENTS, FACULTY, STAFF AND GUESTS AT DALY'S DINING HALL, CRANBERRY'S, STARBUCKS AND SWEIGART EXPRESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory G Dell'omo President | Officer | 50 | $514,685 |
Kevin A Baggett Basketball Coach | 37.5 | $340,730 | |
James P Hartman VP Finance & Treasurer | Officer | 50 | $247,762 |
Donnajean A Fredeen Provost/vp Academic Affairs | Officer | 50 | $237,871 |
Mark A Solomon VP Legal Affairs & General | Officer | 50 | $214,530 |
Eugene Kutcher Dean Of Norm Brodksy College Of Bus. | 37.5 | $210,797 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ellucian Company Lp Information Technology | 6/29/21 | $1,466,544 |
One Sixty Over Ninety Llc Marketing | 6/29/21 | $1,102,747 |
Fischer International Identity Llc Hris License | 6/29/21 | $200,200 |
Resource Management Group Covid-19 Related Services | 6/29/21 | $414,498 |
Patrick J Murphy & Associates Pipe Organ Repair | 6/29/21 | $484,560 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $51,782 |
| Related organizations | $0 |
| Government grants | $9,524,257 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,710,351 |
| Noncash contributions included in lines 1a–1f | $162,531 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,286,390 |
| Total Program Service Revenue | $189,372,813 |
| Investment income | $2,463,011 |
| Tax Exempt Bond Proceeds | $162 |
| Royalties | $16,084 |
| Net Rental Income | $271,069 |
| Net Gain/Loss on Asset Sales | $2,075,445 |
| Net Income from Fundraising Events | $12,671 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $216,867,434 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $42,839 |
| Grants and other assistance to domestic individuals. | $88,800,714 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,172,050 |
| Compensation of current officers, directors, key employees. | $1,463,741 |
| Compensation to disqualified persons | $15,914 |
| Other salaries and wages | $65,570,778 |
| Pension plan accruals and contributions | $2,063,700 |
| Other employee benefits | $13,271,942 |
| Payroll taxes | $6,273,529 |
| Fees for services: Management | $422,778 |
| Fees for services: Legal | $576,922 |
| Fees for services: Accounting | $135,480 |
| Fees for services: Lobbying | $7,807 |
| Fees for services: Fundraising | $60,658 |
| Fees for services: Investment Management | $373,163 |
| Fees for services: Other | $3,311,623 |
| Advertising and promotion | $3,714,157 |
| Office expenses | $3,656,490 |
| Information technology | $5,346,088 |
| Royalties | $0 |
| Occupancy | $8,487,300 |
| Travel | $581,635 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $173,095 |
| Interest | $3,734,970 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,385,074 |
| Insurance | $1,915,295 |
| All other expenses | $5,299,390 |
| Total functional expenses | $236,258,027 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,188 |
| Savings and temporary cash investments | $30,768,023 |
| Pledges and grants receivable | $21,604,297 |
| Accounts receivable, net | $5,122,935 |
| 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 | $1,625,064 |
| Net Land, buildings, and equipment | $154,035,736 |
| Investments—publicly traded securities | $55,999,600 |
| Investments—other securities | $35,711,559 |
| Investments—program-related | $1,975,033 |
| Intangible assets | $0 |
| Other assets | $2,410,686 |
| Total assets | $309,275,121 |
| Accounts payable and accrued expenses | $25,117,503 |
| Grants payable | $0 |
| Deferred revenue | $16,260,605 |
| Tax-exempt bond liabilities | $109,356,034 |
| Escrow or custodial account liability | $108,861 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $386,289 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $15,045,481 |
| Total liabilities | $166,274,773 |
| Net assets without donor restrictions | $26,072,065 |
| Net assets with donor restrictions | $116,928,283 |
| 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 | $309,275,121 |
Grants Awarded
Over the last fiscal year, Rider University has awarded $42,839 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
New Brunswick, NJ PURPOSE: RECRUITMENT FOR STEM PROGRAMS | $30,678 |
BUCKS COUNTY COMMUNITY COLLEGE PURPOSE: RECRUITMENT FOR STEM PROGRAMS | $12,161 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Rider University has recieved totaling $144,966.
| Awarding Organization | Amount |
|---|---|
Seabrook Charles Tw Char Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $112,633 |
Wayne And Jill Canastra Family Foundation Inc South Orange, NJ PURPOSE: SUPPORT | $30,000 |
Irving W Mershon Scholarship Fund Dallas, TX PURPOSE: SCHOLARSHIP | $2,333 |
Endowment Analysis
| Beg. Balance | $69,049,047 |
| Earnings | $18,897,830 |
| Net Contributions | $2,451,295 |
| Other Expense | $415,034 |
| Grants | $3,433,997 |
| Ending Balance | $86,549,141 |
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 |
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 |