Arcadia University
- Assets
- $259.7m
- Revenue
- $173.3m
- Investments
- $4.5m
- Employees
- 935
- Location
- Glenside, PA
- Founding
- 06/1934
- Data as of
- 05/2020
- EIN
- 23-1352620
Organization Overview
Arcadia University is located in Glenside, PA. The organization was established in 1934. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 05/2022, Arcadia University employed 935 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arcadia 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 05/2020, Arcadia University generated $173.3m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $165.2m during the year ending 05/2020. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 6 years. 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
ARCADIA UNIVERSITY PROVIDES A DISTINCTIVELY GLOBAL, INTEGRATIVE, AND PERSONAL LEARNING EXPERIENCE FOR INTELLECTUALLY CURIOUS UNDERGRADUATE AND GRADUATE STUDENTS IN PREPARATION FOR A LIFE OF SCHOLARSHIP, SERVICE, AND PROFESSIONAL CONTRIBUTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARCADIA UNIVERSITY OFFERS A HIGH-QUALITY LIBERAL ARTS EDUCATION. STUDENTS CHOOSE FROM OVER 65 MAJOR FIELDS OF STUDY IN THE SCIENCES, HEALTH SCIENCES, EDUCATION, ARTS AND HUMANITIES, AND BUSINESS EARNING THEIR BACHELOR'S, MASTER'S, PROFESSIONAL CERTIFICATES, AND DOCTORAL DEGREES. 99% OF ARCADIA'S FULL-TIME UNDERGRADUATE STUDENTS RECEIVE FINANCIAL ASSISTANCE IN THE FORM OF GRANTS AND SCHOLARSHIPS. ARCADIA ALSO OFFERS STUDENTS ACADEMIC SUPPORT PROGRAMS, INCLUDING THE GATEWAY TO SUCCESS PROGRAM, WHICH INCLUDES ACT101 SERVICES FOR PA RESIDENTS WHO QUALIFY. STUDENTS RECEIVE PERSONAL ATTENTION AND RESOURCES THROUGHOUT THE ACADEMIC YEAR TO HELP THEM SUCCEED.
ARCADIANS ARE DRIVEN TO SEEK, EXPERIENCE, AND UNDERSTAND BROAD AND VARIED PERSPECTIVES, PREPARING THEM TO THRIVE IN AN INTERCONNECTED WORLD. ARCADIA UNIVERITY IS DISTINCT IN THAT OUR UNDERGRADUATE AND GRADUATE STUDENTS ENGAGE IN REAL-WORLD LEARNING OPPORTUNITIES, INCLUDING INTERNSHIPS, EVIDENCE-BASED RESEARCH, SERVICE LEARNING, MULTI-DISCIPLINARY AND EXPERIENTIAL LEARNING THAT EXPANDS BEYOND THE CLASSROOM. THE ARCADIA UNDERGRADUATE CURRICULUM (AUC) ENSURES IMMERSION WITH GLOBAL ISSUES THROUGH STUDY ABROAD OR DOMESTIC PROGRAMMING. ARCADIA CONTINUES TO RANK NATIONALLY FOR STUDY ABROAD PARTICIPATION AND PROVIDES ONE OF THE MOST EXTENSIVE UNIVERSITY STUDY ABROAD PROGRAMS IN THE NATION. OUR GLOBAL PROGRAMS CONTINUE TO EDUCATE OVER 3,000 UNDERGRADUATE STUDENTS FROM U.S. INSTITUTIONS EVERY YEAR.
WE BELIEVE THAT LIVING IN CLOSE PROXIMITY TO PEOPLE FROM DIFFERENT BACKGROUNDS IS A CRITICALLY IMPORTANT WAY FOR STUDENTS TO LEARN IMPORTANT LIFE SKILLS, AND WE TREAT RESIDENTIAL LIFE AS AN IMPORTANT OPPORTUNITY FOR LEARNING. OUR DESIRE IS TO ENSURE THAT STUDENTS' LIVING ARRANGEMENTS SUPPORT AND ENHANCE THEIR EDUCATIONAL WORK AND GOALS. WHILE OUR PRIMARY GOAL IS TO PROVIDE SAFE LIVING ENVIRONMENTS CONDUCIVE TO STUDY AND ACADEMIC SUCCESS, WE ENCOURAGE AND SUPPORT THE DEVELOPMENT OF THE FOLLOWING CORE COMPETENCIES IN OUR STUDENTS: DIVERSITY AND INCLUSION; GLOBAL PERSPECTIVES; CIVIC ENGAGEMENT; CITIZENSHIP; SELF-ADVOCACY; PROBLEM-SOLVING; RESPECT FOR OTHERS; AND THE DEVELOPMENT OF IDENTITY, PURPOSE, AND INTEGRITY. WITHIN THE RESIDENCE HALLS AND APARTMENTS, AN ENGAGED TEAM OF PROFESSIONAL AND PARAPROFESSIONAL STAFF USE THE PHYSICAL STRUCTURE OF THE LIVING ENVIRONMENT AS A TOOL TO MAXIMIZE LEARNING MOMENTS AND CHALLENGE STUDENTS TO DEVELOP AND APPLY THESE COMPETENCIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ajay Nair President | OfficerTrustee | 40 | $448,303 |
Jeffrey Rutenbeck Vice President For Academic Affairs And Provost | Officer | 40 | $287,463 |
Brigette Bryant Vice President For Advancement | Officer | 40 | $260,273 |
Joan Singleton Vice President For Finance And Treasurer | Officer | 40 | $248,909 |
Margaret Callahan General Counsel And Secretary Of The University | Officer | 40 | $209,133 |
Rankan Hall Vice President For Enrollment Management | Officer | 40 | $207,187 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Saul Ewing Arnstein & Lehr Llp Legal Services | 5/30/22 | $3,709,062 |
Metz Culinary Management Dining Services | 5/30/22 | $1,781,603 |
Integra One Computer Services | 5/30/22 | $740,788 |
The Arthur Jackson Company Facilities Management | 5/30/22 | $547,504 |
Ruffalo Noel Levitz Fundraising & Enrollment | 5/30/22 | $483,702 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,842,000 |
| Investment income | $1,412,000 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $450,000 |
| Net Gain/Loss on Asset Sales | $9,921,000 |
| Net Income from Fundraising Events | -$4,000 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $173,302,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $44,718,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $3,145,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,202,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $38,758,000 |
| Pension plan accruals and contributions | $1,886,000 |
| Other employee benefits | $5,166,000 |
| Payroll taxes | $3,177,000 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $87,000 |
| Fees for services: Accounting | $189,000 |
| Fees for services: Lobbying | $129,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $214,000 |
| Fees for services: Other | $16,144,000 |
| Advertising and promotion | $66,000 |
| Office expenses | $83,000 |
| Information technology | $2,987,000 |
| Royalties | $0 |
| Occupancy | $4,154,000 |
| Travel | $1,806,000 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $155,000 |
| Interest | $3,788,000 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,040,000 |
| Insurance | $854,000 |
| All other expenses | $0 |
| Total functional expenses | $165,203,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,000 |
| Savings and temporary cash investments | $41,938,000 |
| Pledges and grants receivable | $777,000 |
| Accounts receivable, net | $4,656,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,057,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,387,000 |
| Investments—publicly traded securities | $74,455,000 |
| Investments—other securities | $4,502,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,585,000 |
| Total assets | $259,676,000 |
| Accounts payable and accrued expenses | $13,699,000 |
| Grants payable | $0 |
| Deferred revenue | $13,391,000 |
| Tax-exempt bond liabilities | $74,517,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,608,000 |
| Total liabilities | $106,215,000 |
| 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 | $153,461,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Arcadia University has recieved totaling $8,116.
| Awarding Organization | Amount |
|---|---|
M Verna Butterer Educational Trust Fountainville, PA PURPOSE: SCHOLARSHIP PORTIONOF AWARD FOR EDUCATION | $4,000 |
Mildred S Lininger Tr Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $3,616 |
Bernard A Lublin And Roberta G Lublin Tr 02152002 Richmond, VA PURPOSE: GENERAL CHARITY | $500 |
Endowment Analysis
| Beg. Balance | $97,190,000 |
| Earnings | -$6,837,000 |
| Admin Expense | $249,000 |
| Net Contributions | $934,000 |
| Other Expense | $3,764,000 |
| Grants | $2,790,000 |
| Ending Balance | $84,484,000 |
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 |