Thomas Jefferson University
- Assets
- $4.8b
- Revenue
- $1.3b
- Investments
- $0.0
- Employees
- 7,084
- Location
- Philadelphia, PA
- Founding
- 01/1996
- Data as of
- 06/2022
- 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 06/2022, Thomas Jefferson University employed 7,084 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 06/2022, Thomas Jefferson University generated $1.3b in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $1.3b during the year ending 06/2022. While expenses have increased by 15.0% per year over the past 7 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 553 individual grants totaling $63,199,491. 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
2022
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/ceo (term 12/21) | OfficerTrustee | 60 | $3,398,660 |
Bruce A Meyer MD MBA Senior Evp Tju, Pres Jeff Hlth | Officer | 60 | $3,278,780 |
Mark L Tykocinski MD Evp, Acad Affairs & Provost | Officer | 60 | $2,368,980 |
Srinivas Prasad MD Ms Professor & Physician | 55 | $60,727 | |
Laurence M Merlis Evp, Strategic Ventures | Officer | 60 | $1,810,842 |
Charles G Lewis Evp, Chief Marketing Officer | 55 | $1,851,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Engie Insight Services Inc Consulting | 6/29/22 | $31,791,758 |
Csi Companies Inc Staffing | 6/29/22 | $18,278,121 |
Ge Precision Healthcare Llc Medical Technology | 6/29/22 | $23,694,130 |
Ge Healthcare Consulting | 6/29/22 | $27,307,464 |
Epic Systems Corporation Software & Maint. | 6/29/22 | $12,569,556 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,268,206 |
| Related organizations | $0 |
| Government grants | $10,590,365 |
| All other contributions, gifts, grants, and similar amounts not included above | $59,658,603 |
| Noncash contributions included in lines 1a–1f | $441,183 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $71,517,174 |
| Total Program Service Revenue | $1,248,598,431 |
| Investment income | $3,107,647 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $275,206 |
| Net Gain/Loss on Asset Sales | $16,329,201 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,341,009,086 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,693,205 |
| Grants and other assistance to domestic individuals. | $21,954,038 |
| Grants and other assistance to Foreign Orgs/Individuals | $35,033 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $22,836,072 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $572,869,456 |
| Pension plan accruals and contributions | $20,219,357 |
| Other employee benefits | $74,827,546 |
| Payroll taxes | $42,249,710 |
| Fees for services: Management | $308,765 |
| Fees for services: Legal | $12,972,925 |
| Fees for services: Accounting | $151,021 |
| Fees for services: Lobbying | $891,940 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,683,065 |
| Fees for services: Other | $186,993,711 |
| Advertising and promotion | $21,347,225 |
| Office expenses | $45,537,366 |
| Information technology | $90,850,615 |
| Royalties | $0 |
| Occupancy | $23,284,530 |
| Travel | $6,900,790 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,856,937 |
| Interest | $10,561,592 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,443,710 |
| Insurance | $3,020,430 |
| All other expenses | $32,632,915 |
| Total functional expenses | $1,330,229,702 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,878,270 |
| Savings and temporary cash investments | $110,033,874 |
| Pledges and grants receivable | $123,689,228 |
| Accounts receivable, net | $28,260,011 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $19,535,009 |
| Inventories for sale or use | $842,418 |
| Prepaid expenses and deferred charges | $45,293,431 |
| Net Land, buildings, and equipment | $552,320,846 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,105,570,115 |
| Intangible assets | $5,833,304 |
| Other assets | $2,779,594,069 |
| Total assets | $4,773,850,575 |
| Accounts payable and accrued expenses | $256,504,733 |
| Grants payable | $0 |
| Deferred revenue | $23,654,055 |
| Tax-exempt bond liabilities | $2,609,602,684 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $585,959,597 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $456,142,926 |
| Total liabilities | $3,931,863,995 |
| Net assets without donor restrictions | $296,002,094 |
| Net assets with donor restrictions | $545,984,486 |
| 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 | $4,773,850,575 |
Grants Awarded
Over the last fiscal year, Thomas Jefferson University has awarded $9,812,999 in support to 77 organizations.
| Grant Recipient | Amount |
|---|---|
ALBANY MEDICAL COLLEGE PURPOSE: PROGRAM SUPPORT | $182,893 |
ALBERT EINSTEIN COLLEGE OF MEDICINE PURPOSE: PROGRAM SUPPORT | $187,871 |
ALBERT EINSTEIN HEALTHCARE NETWORK PURPOSE: PROGRAM SUPPORT | $7,959 |
ARCADIA UNIVERSITY PURPOSE: PROGRAM SUPPORT | $13,463 |
AUGUSTA UNIVERSITY PURPOSE: PROGRAM SUPPORT | $222,211 |
BARUCH S BLUMBERG INSTITUTE PURPOSE: PROGRAM SUPPORT | $94,638 |