Centenary University
- Assets
- $28.2m
- Revenue
- $51.9m
- Investments
- $0.0
- Employees
- 762
- Location
- Hackettstown, NJ
- Founding
- 05/1960
- Data as of
- 06/2023
- EIN
- 22-1500484
Organization Overview
Centenary University is located in Hackettstown, NJ. The organization was established in 1960. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2023, Centenary University employed 762 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Centenary 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 06/2023, Centenary University generated $51.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $56.5m during the year ending 06/2023. While expenses have increased by 3.3% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
CENTENARY UNIVERSITY DELIVERS ACCREDITED DEGREE PROGRAMS AND COMPREHENSIVE LEARNING EXPERIENCES TO PREPARE STUDENTS FOR REGIONAL AND GLOBAL PROFESSIONS OF CRITICAL THOUGHT AND PURPOSEFUL ACTION WITHIN A SUPPORTIVE ENVIRONMENT IMMERSED IN A CULTURE OF SERVICE.SIGNIFICANT ACTIVITIES FOR THE YEAR INCLUDED EXPLORING NEW PROGRAMMATIC AND REVENUE GENERATING OPPORTUNITIES FOR THE UNIVERSITY. CENTENARY LAUNCHED ITS MASTER OF ARTS IN HAPPINESS STUDIES IN FALL 2022, DEVELOPED AN RN TO BSN PROGRAM SCHEDULED TO LAUNCH IN FALL 2023, ESTABLISHED A RELATIONSHIP WITH A LOCAL COMMUNITY COLLEGE TO HOUSE THEIR STUDENTS ON THE CENTENARY CAMPUS AND EXPLORING/DEVELOPING ACADEMIC PROGRAMMING FOR MIDDLE AND HIGH SCHOOL STUDENTS DURING THE SUMMER.
Describe the Organization's Program Activity:
INSTRUCTIONAL: CENTENARY UNIVERSITY IS A COMMUNITY OF LEARNERS DISTINGUISHED BY A DIVERSE STUDENT BODY, A DEDICATED FACULTY AND STAFF AND STIMULATING EDUCATION OPPORTUNITIES. THE UNIVERSITY IS COMMITTED TO QUALITY LIBERAL ARTS AND CAREER STUDIES EDUCATION TO ENGAGE STUDENTS IN LEARNING AND PREPARE THEM FOR A SATISFYING CAREER, SUCCESSFUL LIVES, COMMUNITY SERVICE AND LIFELONG INTELLECTUAL PURSUITS. AS THE PRIMARY EDUCATIONAL AND CULTURAL RESOURCE OF NORTHWEST NEW JERSEY, CENTENARY OFFERS A RANGE OF UNDERGRADUATE, GRADUATE AND DOCTORATE PROGRAMS, AS WELL AS NON-DEGREE COURSES FOR PROFESSIONAL AND PERSONAL DEVELOPMENT.
AUXILIARY SERVICES AT CENTENARY UNIVERSITY ARE ORGANIZED TO SUPPORT STUDENT ACTIVITIES AND PROVIDE STUDENT HOUSING AND OTHER FACILITIES AND SERVICES FOR THE BENEFIT OF CENTENARY UNIVERSITY STUDENTS. UNIVERSITY DORMITORIES CONSIST OF 8 RESIDENCE HALLS AND PROVIDE LIVING QUARTERS FOR APPROXIMATELY 756 STUDENTS. AUXILIARY SERVICES ALSO PROVIDE RECREATIONAL FACILITIES, IN-PERSON AND REMOTE EVENTS, WELLNESS AND DINING SERVICES, PARKING, AND OTHER STUDENT SERVICES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rochelle Makela-Goodman Chair | OfficerTrustee | 3 | $0 |
David D Dallas 1st Vice Chair | OfficerTrustee | 3 | $0 |
Michael T Catapano 2nd Vice Chair | OfficerTrustee | 3 | $0 |
John Johnson 3rd Vice Chair | OfficerTrustee | 3 | $0 |
David Johnson Treasurer | OfficerTrustee | 3 | $0 |
Audrey Bonaparte-Watts Secretary | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ellucian Company Lp Information Technology Services | 6/29/23 | $1,863,387 |
National Management Resources Maintenance Services | 6/29/23 | $1,544,770 |
Sodexo Inc & Affiliates Food Services | 6/29/23 | $1,468,159 |
Higher Education Assistance Gr Staffing Services | 6/29/23 | $367,193 |
Eab Global Inc Recruitment Services | 6/29/23 | $515,634 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $921,116 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,871,323 |
| Noncash contributions included in lines 1a–1f | $749,914 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,792,439 |
| Total Program Service Revenue | $47,690,815 |
| Investment income | $479,053 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $204,228 |
| Net Gain/Loss on Asset Sales | $268,289 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $51,881,982 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $19,829,295 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $541,359 |
| Compensation of current officers, directors, key employees. | $284,855 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,320,835 |
| Pension plan accruals and contributions | $4,900 |
| Other employee benefits | $1,053,968 |
| Payroll taxes | $1,331,502 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $53,851 |
| Fees for services: Accounting | $133,375 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $100,299 |
| Fees for services: Other | $2,188,898 |
| Advertising and promotion | $1,382,270 |
| Office expenses | $1,018,129 |
| Information technology | $2,098,656 |
| Royalties | $4,976 |
| Occupancy | $5,501,712 |
| Travel | $265,215 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,543 |
| Interest | $402,812 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,788,417 |
| Insurance | $143,852 |
| All other expenses | $1,089,784 |
| Total functional expenses | $56,531,265 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $286,221 |
| Savings and temporary cash investments | $1,066,558 |
| Pledges and grants receivable | $414,460 |
| Accounts receivable, net | $994,758 |
| 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 | $281,084 |
| Net Land, buildings, and equipment | $8,269,604 |
| Investments—publicly traded securities | $16,030,550 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $846,328 |
| Total assets | $28,189,563 |
| Accounts payable and accrued expenses | $5,226,298 |
| Grants payable | $0 |
| Deferred revenue | $1,124,316 |
| Tax-exempt bond liabilities | $14,995 |
| Escrow or custodial account liability | $109,518 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,568,265 |
| Unsecured mortgages and notes payable | $1,647,382 |
| Other liabilities | $29,478,429 |
| Total liabilities | $41,169,203 |
| Net assets without donor restrictions | -$24,727,781 |
| Net assets with donor restrictions | $11,748,141 |
| 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 | $28,189,563 |