Felician University
- Assets
- $102.3m
- Revenue
- $75.7m
- Investments
- $0.0
- Employees
- 824
- Location
- Lodi, NJ
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 22-1912028
Organization Overview
Felician University is located in Lodi, 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, Felician University employed 824 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Felician 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, Felician University generated $75.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $73.4m during the year ending 06/2021. While expenses have increased by 3.3% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATING A DIVERSE STUDENT POPULATION WITHIN A LIBERAL ARTS FRAMEWORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FELICIAN UNIVERSITY CONTINUES TO ENROLL STUDENTS THROUGHOUT THE TRI-STATE REGION AND THE WORLD. ACADEMIC PROGRAM DIVERSITY IN AREAS SUCH AS NURSING, EDUCATION, CYBERSECURITY, AND THE 5-YEAR MBA PROGRAM AS WELL AS THE ADDITION OF DOCTORAL PROGRAMS ARE ATTRACTING AN INCREASINGLY DIVERSIFIED STUDENT POPULATION. THE UNIVERSITY ENROLLED 6,122 STUDENTS IN THE 2021-22 ACADEMIC YEAR. REFURBISHED RESIDENCE HALLS, STATE OF THE ART SCIENCE LABORATORIES AND THE MODIFICATIONS TO THE STUDENT CENTER ON THE RUTHERFORD CAMPUS HAVE EXPANDED STUDENT LIFE ACTIVITIES WHICH HAVE RESULTED IN A STRONG INCREASE IN CAMPUS COMMUNITY AND RETENTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James W Crawford III President | OfficerTrustee | 45 | $378,000 |
Dr Anne Prisco Former Officer - President | 0 | $349,260 | |
Thomas Truchan Vice President Of Finance & CFO | Officer | 45 | $177,879 |
Priscilla Klymenko Vice President Of Enrollment Mgt. | 45 | $148,683 | |
David Turi Associate Dean Of Business | 45 | $160,354 | |
Maura Denicola Vice President Of Communications | 45 | $137,106 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Chartwells Dining Services Dining Services | 6/29/22 | $1,560,919 |
C&w Facility Services Inc Facility Services | 6/29/22 | $830,031 |
Assessment Technologies Institute Educational Services | 6/29/22 | $283,551 |
Tlp Climate Control Systems Inc Construction Services | 6/29/22 | $235,082 |
Glencom Systems Inc Information Technology Services | 6/29/22 | $218,348 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,002,579 |
| Investment income | $341,676 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $170,655 |
| Net Gain/Loss on Asset Sales | $1,166,161 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $75,735,327 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $28,788,656 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $654,976 |
| Compensation to disqualified persons | $548,335 |
| Other salaries and wages | $19,874,393 |
| Pension plan accruals and contributions | $592,655 |
| Other employee benefits | $2,080,487 |
| Payroll taxes | $1,795,422 |
| Fees for services: Management | $697,693 |
| Fees for services: Legal | $87,098 |
| Fees for services: Accounting | $106,716 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $108,566 |
| Fees for services: Other | $920,087 |
| Advertising and promotion | $527,817 |
| Office expenses | $3,386,589 |
| Information technology | $422,652 |
| Royalties | $0 |
| Occupancy | $5,043,782 |
| Travel | $38,868 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,910 |
| Interest | $551,096 |
| Payments to affiliates | $48,765 |
| Depreciation, depletion, and amortization | $3,750,502 |
| Insurance | $456,793 |
| All other expenses | $0 |
| Total functional expenses | $73,394,988 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $916,156 |
| Savings and temporary cash investments | $6,397,026 |
| Pledges and grants receivable | $2,241,853 |
| Accounts receivable, net | $4,501,444 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $684,245 |
| Inventories for sale or use | $12,634 |
| Prepaid expenses and deferred charges | $1,319,402 |
| Investments—publicly traded securities | $18,351,860 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $258,360 |
| Total assets | $102,314,365 |
| Accounts payable and accrued expenses | $7,083,094 |
| Grants payable | $0 |
| Deferred revenue | $1,519,368 |
| Tax-exempt bond liabilities | $575,169 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $30,892,814 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,853,635 |
| Total liabilities | $42,924,080 |
| 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 | $59,390,285 |