La Salle University
- Assets
- $273.7m
- Revenue
- $156.1m
- Investments
- $2.7m
- Employees
- 1,478
- Location
- Philadelphia, PA
- Founding
- 03/1944
- Data as of
- 05/2020
- 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 05/2022, LA Salle University employed 1,478 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 05/2020, LA Salle University generated $156.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $158.0m during the year ending 05/2020. As we would expect to see with falling revenues, expenses have declined by (3.3%) 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
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 4,043 AND 3,841 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 983 STUDENTS AND MEALS TO 1,036 STUDENTS PER SEMESTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Colleen Hanycz PHD President To Jun 2021 | OfficerTrustee | 40 | $622,545 |
Ashley Howard Hd Coach Mens Basketball To Mar 22 | 40 | $487,226 | |
Timothy O'shaughnessy Interim Pres Jul 2021 To Apr 2022 | OfficerTrustee | 40 | $416,584 |
Stephanie Pricken VP Fin & Admin,treasurer To Jan 2022 | Officer | 40 | $403,206 |
Angela Polec Edd VP Of Enrollment Mgt Marketing & Com | Officer | 40 | $233,942 |
Brian Baptiste Athletic Director | 40 | $225,337 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Academic Partnerships Llc Online Marketing Services | 5/30/22 | $2,727,706 |
Southeast Service Corporation Janitorial Services | 5/30/22 | $1,425,259 |
Securitas Security Services Usa Inc Security Services | 5/30/22 | $1,181,992 |
Philadelphia Protection Bureau Inc Lock And Security Systems | 5/30/22 | $1,043,376 |
Ab&c Philadelphia Llc Online Marketing Services | 5/30/22 | $854,927 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,589,856 |
| Investment income | $5,402,309 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $28,801 |
| Net Rental Income | $769,346 |
| Net Gain/Loss on Asset Sales | $661,442 |
| Net Income from Fundraising Events | -$34,607 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $156,075,575 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $49,125,247 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,674,190 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $50,590,639 |
| Pension plan accruals and contributions | $647,170 |
| Other employee benefits | $6,831,047 |
| Payroll taxes | $3,977,403 |
| Fees for services: Management | $4,705,678 |
| Fees for services: Legal | $15,126 |
| Fees for services: Accounting | $66,175 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $244,225 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,635,589 |
| Office expenses | $2,425,304 |
| Information technology | $2,424,645 |
| Royalties | $0 |
| Occupancy | $2,739,938 |
| Travel | $1,454,205 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $672,723 |
| Interest | $5,835,024 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,594,214 |
| Insurance | $1,660,235 |
| All other expenses | $0 |
| Total functional expenses | $157,957,444 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,314 |
| Savings and temporary cash investments | $17,563,982 |
| Pledges and grants receivable | $3,557,730 |
| Accounts receivable, net | $5,128,200 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,612,917 |
| Inventories for sale or use | $58,176 |
| Prepaid expenses and deferred charges | $1,741,543 |
| Investments—publicly traded securities | $82,370,362 |
| Investments—other securities | $2,650,062 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,395,040 |
| Total assets | $273,667,540 |
| Accounts payable and accrued expenses | $8,464,200 |
| Grants payable | $0 |
| Deferred revenue | $8,033,700 |
| Tax-exempt bond liabilities | $130,095,823 |
| 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 | $1,814,838 |
| Other liabilities | $12,723,979 |
| Total liabilities | $161,132,540 |
| 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 | $112,535,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that La Salle University has recieved totaling $7,000.
| Awarding Organization | Amount |
|---|---|
The Mckenna Family Foundation Jensen Beach, FL PURPOSE: EDUCATIONAL PROGRAMS & SCHOLARSHIPS | $6,000 |
Bill And Del Duffy Family Foundation Yardley, PA PURPOSE: EDUCATIONAL | $1,000 |
Endowment Analysis
| Beg. Balance | $95,640,008 |
| Earnings | -$5,833,616 |
| Net Contributions | $654,110 |
| Other Expense | $6,049,098 |
| Grants | $1,044,756 |
| Ending Balance | $83,366,648 |
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 |