La Salle University
- Assets
- $288.7m
- Revenue
- $143.6m
- Investments
- $2.5m
- Employees
- 1,524
- Location
- Philadelphia, PA
- Founding
- 03/1944
- Data as of
- 05/2021
- EIN
- 23-1352654
Organization Overview
La Salle University is located in Philadelphia, PA. The organization was established in 1944. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 05/2023, LA Salle University employed 1,524 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. LA Salle 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 05/2021, LA Salle University generated $143.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $140.1m during the year ending 05/2021. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES A HIGHER EDUCATION IN GENERAL AND SPECIALIZED STUDIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION - THE UNIVERSITY PROVIDED EDUCATION TO 4,049 AND 3,754 ENROLLED STUDENTS IN UNDERGRADUATE, GRADUATE AND DOCTORAL PROGRAMS IN THE FALL AND SPRING SEMESTERS RESPECTIVELY.
STUDENT AND COMMUNITY SERVICES - THE UNIVERSITY PROVIDED COUNSELING, INTERCOLLEGIATE ACTIVITIES, HEALTH-ADVISING, STUDENT GOVERNING AND OTHER STUDENT LIFE SERVICES FOR ALL STUDENTS. THE UNIVERSITY PROVIDES SERVICES TO THE GREATER PHILADELPHIA COMMUNITY THROUGH OUR NON-PROFIT DEVELOPMENT CENTER.
AUXILIARY ENTERPRISES - THE UNIVERSITY PROVIDED HOUSING, BOOKSTORE AND DINING SERVICES. THE UNIVERSITY PROVIDED ROOMS TO 836 AND 760 STUDENTS ENROLLED STUDENTS DURING THE FALL AND SPRING SEMESTERS, RESPECTIVELY. THE UNIVERSITY ALSO PROVIDED MEALS TO 995 AND 916 ENROLLED STUDENTS DURING THE FALL AND SPRING SEMESTERS, RESPECTIVELY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashley Howard Hd Coach Mens Basketball To Mar 22 | 0 | $529,956 | |
Francis J Dunphy Head Coach Men's Basketball | 40 | $511,557 | |
Daniel J Allen PHD President | OfficerTrustee | 40 | $405,888 |
Angela Polec Edd VP University Communications | Officer | 40 | $231,856 |
Brian Baptiste VP Athletics And Recreation | Officer | 40 | $230,201 |
Sean L Corgan ESQ VP Gen Counsel,secretary To Dec 2022 | Officer | 40 | $233,620 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Academic Partnerships Llc Online Marketing Services | 5/30/23 | $2,779,114 |
Southeast Service Corporation Janitorial Services | 5/30/23 | $1,682,969 |
Securitas Security Services Usa Inc Security Services | 5/30/23 | $1,046,368 |
Fluidics Inc Hvac Services | 5/30/23 | $918,948 |
Philadelphia Protection Bureau Inc Lock And Security Systems | 5/30/23 | $814,285 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,637,736 |
| Investment income | $2,786,409 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $16,157 |
| Net Rental Income | $605,960 |
| Net Gain/Loss on Asset Sales | $2,759,672 |
| Net Income from Fundraising Events | $56,028 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $143,567,170 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $42,889,450 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,437,792 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $45,899,772 |
| Pension plan accruals and contributions | $169,850 |
| Other employee benefits | $6,728,196 |
| Payroll taxes | $3,690,688 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $57,603 |
| Fees for services: Accounting | $95,598 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $262,526 |
| Fees for services: Other | $3,605,254 |
| Advertising and promotion | $1,051,959 |
| Office expenses | $2,241,561 |
| Information technology | $2,897,996 |
| Royalties | $0 |
| Occupancy | $2,761,235 |
| Travel | $903,050 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $133,934 |
| Interest | $5,593,032 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,665,327 |
| Insurance | $1,899,597 |
| All other expenses | $0 |
| Total functional expenses | $140,124,121 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,655 |
| Savings and temporary cash investments | $20,679,765 |
| Pledges and grants receivable | $3,191,878 |
| Accounts receivable, net | $5,186,593 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,695,918 |
| Inventories for sale or use | $45,907 |
| Prepaid expenses and deferred charges | $2,083,340 |
| Investments—publicly traded securities | $100,602,824 |
| Investments—other securities | $2,465,002 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,635,671 |
| Total assets | $288,689,246 |
| Accounts payable and accrued expenses | $9,077,997 |
| Grants payable | $0 |
| Deferred revenue | $7,484,505 |
| Tax-exempt bond liabilities | $128,653,930 |
| 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 | $15,075,550 |
| Total liabilities | $160,291,982 |
| 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 | $128,397,264 |