Philadelphia University
- Assets
- $231.9m
- Revenue
- $142.8m
- Investments
- $0.0
- Employees
- 1,147
- Location
- Philadelphia, PA
- Founding
- 08/1952
- Data as of
- 06/2020
- EIN
- 23-1352294
Organization Overview
Philadelphia University is located in Philadelphia, PA. The organization was established in 1952. 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, Philadelphia University employed 1,147 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Philadelphia 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, Philadelphia University generated $142.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $151.1m during the year ending 06/2020. While expenses have increased by 3.1% 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
TO IMPROVE LIVES AND PROVIDE STUDENTS WITH EXCEPTIONAL VALUE IN 21ST CENTURY PROFESSIONAL EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED IN PROVIDING AN EXPERIENTIAL EDUCATION AND PROVIDING MORE THAN 20 LABORATORIES AND STUDIOS FOR HANDS-ON EXPERIENCE IN ARCHITECTURE AND INTERIOR DESIGN, ENGINEERING, TEXTILE DESIGN, FASHION DESIGN, GRAPHIC DESIGN, INDUSTRIAL DESIGN, PHYSICIAN ASSISTANT STUDIES AND OTHER ALLIED HEALTH FIELDS, AS WELL AS FACULTY ACCESS TO THE MOST SOPHISTICATED TECHNOLOGY AVAILABLE. FOR ADDITIONAL INFORMATION, PLEASE REFER TO THE ORGANIZATIONS STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS INCLUDED IN SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Dryer Dean, College Of Health Prof | 55 | $339,931 | |
Barbara Klinkhammer Exec Dean, College Of Archit | 55 | $316,931 | |
Ronald G Kander PHD Assoc.provost, Applied Science | 55 | $300,704 | |
Patricia Baldridge MBA SVP Marketing & Communication | 55 | $30,067 | |
Mark Sunderland Vp, Innovation & Technology | 55 | $4,090 | |
Caro U Rock Vice Chair - Trustee | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Thomas Jefferson University Corporate Services | 6/29/21 | $15,925,110 |
The Arthur Jackson Company Maintenance | 6/29/21 | $2,499,550 |
Target Building Construction Inc Construction | 6/29/21 | $1,500,181 |
W H Meyers Construction Co Construction | 6/29/21 | $1,991,998 |
Parkhurst Dining Services Dining/catering | 6/29/21 | $4,600,989 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,975,805 |
| Investment income | $1,928,245 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $698,689 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $142,763,642 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $56,425,321 |
| Grants and other assistance to Foreign Orgs/Individuals | $2,102,720 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $42,128,426 |
| Pension plan accruals and contributions | $2,422,303 |
| Other employee benefits | $5,715,966 |
| Payroll taxes | $2,506,966 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $561,850 |
| Fees for services: Accounting | $42,410 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $66 |
| Fees for services: Other | $15,023,288 |
| Advertising and promotion | $963,312 |
| Office expenses | $2,071,657 |
| Information technology | $1,691,046 |
| Royalties | $0 |
| Occupancy | $3,739,029 |
| Travel | $607,890 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $211,700 |
| Interest | $3,051,442 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,609,884 |
| Insurance | $517,525 |
| All other expenses | $0 |
| Total functional expenses | $151,135,364 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,571,887 |
| Savings and temporary cash investments | $209,345 |
| Pledges and grants receivable | $16,757,078 |
| Accounts receivable, net | $884,981 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $485,750 |
| Inventories for sale or use | $1,482,956 |
| Prepaid expenses and deferred charges | $276,538 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $44,124,165 |
| Intangible assets | $0 |
| Other assets | $37,553,653 |
| Total assets | $231,939,854 |
| Accounts payable and accrued expenses | $9,154,353 |
| Grants payable | $0 |
| Deferred revenue | $2,657,696 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,511,802 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $98,714,764 |
| Total liabilities | $113,038,615 |
| 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 | $118,901,239 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Philadelphia University has recieved totaling $663,898.
| Awarding Organization | Amount |
|---|---|
Boomer Esiason Foundation Bethesda, MD PURPOSE: CF SUPPORT | $337,939 |
Rheumatology Research Foundation Atlanta, GA PURPOSE: INNOVATIVE RESEARCH AWARD- TRANASLATIONAL | $200,000 |
Metavivor Research And Support Inc Annapolis, MD PURPOSE: RESEARCH | $100,000 |
Fund For Philadelphia Inc Philadelphia, PA PURPOSE: Program Funding | $13,459 |
Switzer Foundation New York, NY PURPOSE: SCHOLARSHIP | $12,500 |
Endowment Analysis
| Beg. Balance | $34,137,468 |
| Earnings | $10,542,164 |
| Net Contributions | $15,439,467 |
| Other Expense | $2,514,008 |
| Ending Balance | $57,605,091 |
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 |
University Of Dayton Dayton, OH | $1,782,604,426 | $747,930,230 |
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 |