Thomas Jefferson University
- Assets
- $3.7b
- Revenue
- $1.4b
- Investments
- $0.0
- Employees
- 6,572
- Location
- Philadelphia, PA
- Founding
- 01/1996
- Data as of
- 06/2021
- EIN
- 23-1352651
Organization Overview
Thomas Jefferson University is located in Philadelphia, PA. The organization was established in 1996. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 06/2021, Thomas Jefferson University employed 6,572 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thomas Jefferson 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, Thomas Jefferson University generated $1.4b in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.8% each year . All expenses for the organization totaled $1.3b during the year ending 06/2021. While expenses have increased by 17.6% 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.
Since 2015, Thomas Jefferson University has awarded 634 individual grants totaling $69,035,238. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVE LIVES AND PROVIDE STUDENTS WITH EXCEPTIONAL VALUE IN 21ST CENTURY PROFESSIONAL EDUCATION.
Describe the Organization's Program Activity:
EXPENSES INCURRED IN FUNCTIONING AS AN INNOVATIVE HEALTH SCIENCES UNIVERSITY THAT CONDUCTS RESEARCH AND OFFERS UNDERGRADUATE AND GRADUATE INSTRUCTION THROUGH THE SIDNEY KIMMEL MEDICAL COLLEGE AT THOMAS JEFFERSON UNIVERSITY, AS WELL AS, THE JEFFERSON COLLEGES OF NURSING, PHARMACY, HEALTH PROFESSIONS, POPULATION HEALTH, REHABILITATION SCIENCES AND LIFE SCIENCES. ADDITIONALLY, THIS ORGANIZATION SERVES AS THE TAX-EXEMPT PARENT ORGANIZATION OF THOMAS JEFFERSON UNIVERSITY/JEFFERSON HEALTH; A COMPREHENSIVE PROFESSIONAL UNIVERSITY AND TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY SYSTEM ("SYSTEM"), WITH A TRIPARTITE MISSION OF EDUCATION, RESEARCH AND PATIENT CARE. FOR ADDITIONAL INFORMATION, PLEASE REFER TO THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT INCLUDED IN SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen K Klasko MD MBA Trustee - Pres Tju & CEO Jh | OfficerTrustee | 60 | $8,418,111 |
Laurence M Merlis Evp, Strategic Ventures | Officer | 60 | $3,790,276 |
Peter L Deangelis Jr Treasurer - Evp, CFO & Cao | Officer | 60 | $2,540,010 |
Cristina G Cavalieri ESQ Sec - Evp, Chief Legal Counsel | Officer | 60 | $2,414,688 |
Bruce A Meyer MD MBA Senior Evp Tju, Pres Jeff Hlth | Officer | 60 | $2,251,681 |
Elizabeth Dale Edd Mpa Evp, Chief Advancement Officer | Officer | 55 | $2,034,582 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Engie Insight Services Inc Consulting | 6/29/21 | $19,676,830 |
Epic Systems Corporation Software & Maint. | 6/29/21 | $17,395,867 |
Ge Healthcare Consulting | 6/29/21 | $35,162,415 |
Bluestone Communications Inc Technology | 6/29/21 | $14,859,755 |
C Erickson And Sons Inc Construction | 6/29/21 | $11,027,101 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,047,304 |
| Related organizations | $0 |
| Government grants | $7,354,137 |
| All other contributions, gifts, grants, and similar amounts not included above | $46,286,755 |
| Noncash contributions included in lines 1a–1f | $2,247,947 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $55,688,196 |
| Total Program Service Revenue | $1,257,495,970 |
| Investment income | -$194,595 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$1,241,544 |
| Net Gain/Loss on Asset Sales | $51,244,884 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,370,617,747 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,564,764 |
| Grants and other assistance to domestic individuals. | $20,066,715 |
| Grants and other assistance to Foreign Orgs/Individuals | $6,536,798 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $32,339,861 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $539,015,076 |
| Pension plan accruals and contributions | $14,008,120 |
| Other employee benefits | $67,469,341 |
| Payroll taxes | $40,012,613 |
| Fees for services: Management | $698,491 |
| Fees for services: Legal | $12,246,301 |
| Fees for services: Accounting | $141,248 |
| Fees for services: Lobbying | $973,192 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,363,340 |
| Fees for services: Other | $208,358,500 |
| Advertising and promotion | $19,287,789 |
| Office expenses | $42,576,708 |
| Information technology | $83,593,267 |
| Royalties | $0 |
| Occupancy | $34,979,689 |
| Travel | $7,909,902 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,662,549 |
| Interest | $11,394,408 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,185,524 |
| Insurance | $1,557,444 |
| All other expenses | $40,510,571 |
| Total functional expenses | $1,321,584,707 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,658,967 |
| Savings and temporary cash investments | $49,796,610 |
| Pledges and grants receivable | $100,572,797 |
| Accounts receivable, net | $26,986,032 |
| Loans from Officers, Directors, or Controlling Persons | $300,000 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $20,110,568 |
| Inventories for sale or use | $804,742 |
| Prepaid expenses and deferred charges | $37,751,820 |
| Net Land, buildings, and equipment | $526,727,929 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,485,317,582 |
| Intangible assets | $5,908,984 |
| Other assets | $1,328,941,891 |
| Total assets | $3,656,877,922 |
| Accounts payable and accrued expenses | $269,567,793 |
| Grants payable | $0 |
| Deferred revenue | $26,228,600 |
| Tax-exempt bond liabilities | $2,052,033,409 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $91,965,479 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $371,109,638 |
| Total liabilities | $2,810,904,919 |
| Net assets without donor restrictions | $286,595,739 |
| Net assets with donor restrictions | $559,377,264 |
| 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 | $3,656,877,922 |
Grants Awarded
Over the last fiscal year, Thomas Jefferson University has awarded $16,562,064 in support to 67 organizations.
| Grant Recipient | Amount |
|---|---|
Newtown Square, PA PURPOSE: PROGRAM SUPPORT | $2,867,080 |
Allentown, PA PURPOSE: PROGRAM SUPPORT | $2,278,086 |
Glenside, PA PURPOSE: PROGRAM SUPPORT | $1,041,972 |
Philadelphia, PA PURPOSE: PROGRAM SUPPORT | $756,801 |
New York, NY PURPOSE: PROGRAM SUPPORT | $619,060 |
GE GLOBAL RESEARCH PURPOSE: PROGRAM SUPPORT | $609,516 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Thomas Jefferson University has recieved totaling $342,300.
| Awarding Organization | Amount |
|---|---|
Aldrich Foundation Short Hills, NJ PURPOSE: ALS RESEARCH | $250,000 |
Newell Devalpine Foundation Pittsburgh, PA PURPOSE: PANCREATIC CANCER RESEARCH | $70,000 |
Dry Fam Charitable Foundation Tr Philadelphia, PA PURPOSE: EDUCATIONAL PURPOSES | $10,000 |
John A & Irene Papines Scholarship Trust Ahepa Nat West Bank Dallas, TX PURPOSE: SCHOLARSHIPS | $5,800 |
Civic Foundation Inc Philadelphia, PA PURPOSE: PROGRAM SUPPORT | $5,000 |
Sands Family Foundation Dedham, MA PURPOSE: UNRESTRICTED GIFT | $1,000 |
Endowment Analysis
| Beg. Balance | $608,011,097 |
| Earnings | $152,133,402 |
| Net Contributions | $53,525,446 |
| Other Expense | $27,798,292 |
| Ending Balance | $785,871,653 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Albert Einstein College Of Medicine Bronx, NY | $1,023,925,401 | $371,509,260 |
Teachers College Columbia University New York, NY | $726,324,570 | $250,184,193 |
Feinberg Graduate School Of The Weizmann Institute Of Science New York, NY | $6,818,981 | $172,532,346 |
Philadelphia College Of Osteopathic Medicine Philadelphia, PA | $181,055,167 | $168,282,211 |
New York Medical College Valhalla, NY | $318,677,910 | $119,697,970 |
Lake Erie College Of Osteopathic Medicine Inc Erie, PA | $757,028,043 | $202,994,752 |
Touro University New York, NY | $83,518,573 | $93,950,601 |
New York Law School New York, NY | $345,948,911 | $82,190,230 |
Brooklyn Law School Brooklyn, NY | $395,638,685 | $73,619,300 |
Bank Street College Of Education New York, NY | $91,645,236 | $64,451,080 |
Touro University New York, NY | $112,668,496 | $69,634,843 |
Albany College Of Pharmacy And Health Sciences Albany, NY | $159,389,370 | $62,205,490 |