Felician University
- Assets
- $95.2m
- Revenue
- $74.3m
- Investments
- $0.0
- Employees
- 853
- Location
- Lodi, NJ
- Founding
- 03/1946
- Data as of
- 06/2020
- 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 06/2021, Felician University employed 853 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 06/2020, Felician University generated $74.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $73.9m during the year ending 06/2020. While expenses have increased by 5.5% 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
FELICIAN UNIVERSITY IS THE CATHOLIC FRANCISCAN UNIVERSITY OF NEW JERSEY, SPONSORED BY THE CONGREGATION OF THE SISTERS OF ST. FELIX OF CANTALICE, OUR LADY OF HOPE PROVINCE, (THE "CONGREGATION") WITH THE MISSION OF EDUCATING A DIVERSE STUDENT POPULATION WITHIN A LIBERAL ARTS FRAMEWORK. THE UNIVERSITY PROVIDES LEARNING EXPERIENCES THROUGH MULTIPLE MODALITIES, REINFORCED WITH STRONG STUDENT DEVELOPMENT PROGRAMS TO OPTIMIZE STUDENT SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FELICIAN CONTINUES TO ENROLL STUDENTS THROUGHOUT THE TRI-STATE REGION AND WITH THE GROWTH OF ON-LINE EDUCATIONAL PROGRAMS ACROSS THE NATION 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 5,125 STUDENTS IN THE 2020-21 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 |
|---|---|---|---|
Dr Anne Prisco Former President | 45 | $370,077 | |
Francine Andrea Vice President, Administra | 45 | $186,741 | |
Sylvia Mcgeary Interim President | OfficerTrustee | 45 | $184,983 |
Tom Truchan CFO & VP Of Finance | Officer | 45 | $179,489 |
David Turi Associate Dean | 45 | $173,327 | |
Anthony Scardino Associate Professor | 45 | $161,778 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
C&w Facility Services Inc Facility Services | 6/29/21 | $944,406 |
Assessment Technologies Institute Educational Services | 6/29/21 | $692,174 |
Chartwells Dining Services Dining Sevices | 6/29/21 | $1,479,007 |
Rm Tuit Paving And Trucking Paving Services | 6/29/21 | $627,253 |
Donnelly Construction Construction Services | 6/29/21 | $467,633 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,800,451 |
| Investment income | $377,325 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $224,733 |
| Net Gain/Loss on Asset Sales | $977,522 |
| Net Income from Fundraising Events | $5,459 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $74,280,465 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $26,708,941 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $715,453 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $21,284,664 |
| Pension plan accruals and contributions | $528,370 |
| Other employee benefits | $2,851,704 |
| Payroll taxes | $1,741,895 |
| Fees for services: Management | $487,200 |
| Fees for services: Legal | $192,458 |
| Fees for services: Accounting | $110,270 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $90,686 |
| Fees for services: Investment Management | $107,735 |
| Fees for services: Other | $495,698 |
| Advertising and promotion | $636,106 |
| Office expenses | $3,869,032 |
| Information technology | $972,103 |
| Royalties | $0 |
| Occupancy | $4,356,239 |
| Travel | $459,581 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $90,781 |
| Interest | $547,517 |
| Payments to affiliates | $88,432 |
| Depreciation, depletion, and amortization | $3,721,546 |
| Insurance | $454,249 |
| All other expenses | $0 |
| Total functional expenses | $73,945,390 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,604,536 |
| Savings and temporary cash investments | $2,725,176 |
| Pledges and grants receivable | $1,497,873 |
| Accounts receivable, net | $4,003,692 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,449,503 |
| Inventories for sale or use | $9,425 |
| Prepaid expenses and deferred charges | $1,127,801 |
| Investments—publicly traded securities | $14,747,183 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $215,617 |
| Total assets | $95,245,746 |
| Accounts payable and accrued expenses | $6,285,323 |
| Grants payable | $0 |
| Deferred revenue | $1,474,358 |
| Tax-exempt bond liabilities | $603,308 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $31,824,991 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $218,897 |
| Total liabilities | $40,406,877 |
| 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 | $54,838,869 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Felician University has recieved totaling $43,850.
| Awarding Organization | Amount |
|---|---|
E & S Van Houten Memorial Fund 2513851322 Las Vegas, NV PURPOSE: SCHOLARSHIP PROGRAM | $15,000 |
At&t Foundation Dallas, TX PURPOSE: HEALTH & HUMAN SERVICES | $10,250 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $10,000 |
Central Atlantic Collegiate Conference Inc New Haven, CT PURPOSE: To promote athletics within schools. | $6,600 |
Albert And Louise Davis Scholarship Fund Fbo Rotary Club Elzbth Nj Inc Berkeley Heights, NJ PURPOSE: SCHOLARSHIP | $2,000 |
Endowment Analysis
| Beg. Balance | $14,818,148 |
| Earnings | $3,718,914 |
| Net Contributions | $1,481 |
| Other Expense | $633,526 |
| Ending Balance | $17,905,017 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nazareth College Of Rochester Rochester, NY | $299,176,817 | $122,635,159 |
Cooper Union For The Advancement Of Science And Art New York, NY | $1,192,737,106 | $135,635,048 |
St Francis College Brooklyn, NY | $411,618,421 | $89,705,791 |
Utica University Utica, NY | $156,931,603 | $105,142,781 |
College Of Mount Saint Vincent Riverdale, NY | $139,449,317 | $110,010,056 |
Lebanon Valley College Annville, PA | $214,348,628 | $104,612,783 |
Seton Hill University Greensburg, PA | $189,465,294 | $99,847,300 |
Juniata College Huntingdon, PA | $246,892,473 | $100,031,718 |
Washington And Jefferson College Washington, PA | $317,857,588 | $82,152,318 |
Elizabethtown College Elizabethtown, PA | $232,746,641 | $88,467,618 |
Saint Vincent College Latrobe, PA | $298,895,974 | $111,303,783 |
Manhattanville College Purchase, NY | $105,528,873 | $90,666,523 |