Delaware Valley University
- Assets
- $115.9m
- Revenue
- $93.9m
- Investments
- $580.0k
- Employees
- 1,175
- Location
- Doylestown, PA
- Founding
- 10/1945
- Data as of
- 06/2022
- EIN
- 23-1352665
Organization Overview
Delaware Valley University is located in Doylestown, PA. The organization was established in 1945. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2022, Delaware Valley University employed 1,175 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Delaware Valley 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, Delaware Valley University generated $93.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $92.1m during the year ending 06/2022. While expenses have increased by 0.8% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
A PRIVATE FOUR-YEAR UNIVERSITY PROVIDING HIGHER EDUCATION TO INDIVIDUALS SEEKING ADVANCEMENT.
Describe the Organization's Program Activity:
DELAWARE VALLEY UNIVERSITY (THE "UNIVERSITY") IS A PRIVATE COEDUCATIONAL FOUR-YEAR INSTITUTION LOCATED IN DOYLESTOWN, BUCKS COUNTY, PENNSYLVANIA. THE UNIVERSITY WAS FOUNDED IN 1896 AND CURRENTLY ENROLLS OVER 1,500 FULL-TIME UNDERGRADUATE STUDENTS. THE UNIVERSITY'S FOCUS IS IN THE AREAS OF HIGH-SCIENCE AGRICULTURE, BIOLOGICAL AND PHYSICAL SCIENCES, LIBERAL ARTS, TEACHER EDUCATION AND BUSINESS. IN ADDITION TO ITS FULL-TIME UNDERGRADUATE PROGRAMS, THE UNIVERSITY OFFERS ASSOCIATE OF SCIENCE DEGREE PROGRAMS, CONTINUING PROFESSIONAL STUDIES PROGRAMS INCLUDING EVENING AND SUMMER SESSIONS. THE UNIVERSITY OFFERS GRADUATE DEGREES: A MASTER OF SCIENCE DEGREE IN EDUCATIONAL LEADERSHIP, A MASTER OF SCIENCE IN SPECIAL EDUCATION, A MASTER OF SCIENCE IN TEACHING AND LEARNING, A MASTER OF ARTS IN CRIMINAL JUSTICE, A MASTER OF BUSINESS ADMINISTRATION WITH VARIOUS SPECIALIZATIONS, A MASTER OF ARTS IN COUNSELING PSYCHOLOGY, A MASTER OF SCIENCE IN AGRIBUSINESS MANAGEMENT, A MASTER OF HEALTHCARE ADMINISTRATION, A MASTER OF ARTS IN MANAGEMENT AND ORGANIZATIONAL LEADERSHIP, A MASTER OF SCIENCE IN PHYSICIAN ASSISTANT STUDIES, A MASTER OF SCIENCE IN SPEECH LANGUAGE PATHOLOGY, AND A DOCTORATE OF EDUCATION IN EDUCATIONAL LEADERSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria Gallo Former President | 0 | $332,630 | |
Benjamin Rusiloski President | OfficerTrustee | 55 | $239,794 |
Randall Barfield VP Of Finance & Admin | Officer | 55 | $199,953 |
Cheryl Moyer Special Assistant To CFO | 55 | $184,427 | |
Broc Sandelin Dean Of Agriculture & Environm | 55 | $161,963 | |
April Vari VP Of Campus Life & Inclusive | 55 | $167,696 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Parkhurst Dining Services Food Serv.-catering | 6/29/22 | $3,533,651 |
Allied Universal Security Services Security Services | 6/29/22 | $723,023 |
Independence Property Services Llc Snow Removal & Lawn | 6/29/22 | $648,816 |
Apogee Telecom Inc Data And Satellite | 6/29/22 | $458,776 |
Delran Builders Company Inc Construction Service | 6/29/22 | $454,082 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,017,349 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,362,762 |
| Noncash contributions included in lines 1a–1f | $737,133 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,380,111 |
| Total Program Service Revenue | $68,756,945 |
| Investment income | $1,039,879 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$62,828 |
| Net Gain/Loss on Asset Sales | $713,588 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $19,622 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $93,931,517 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $35,995,214 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $518,993 |
| Compensation of current officers, directors, key employees. | $518,993 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $24,498,938 |
| Pension plan accruals and contributions | $919,378 |
| Other employee benefits | $4,300,983 |
| Payroll taxes | $1,794,639 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $461,424 |
| Fees for services: Accounting | $80,290 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $144,725 |
| Fees for services: Other | $5,627,614 |
| Advertising and promotion | $614,891 |
| Office expenses | $1,407,593 |
| Information technology | $593,288 |
| Royalties | $0 |
| Occupancy | $1,284,218 |
| Travel | $392,418 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $49,184 |
| Interest | $1,191,769 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,708,758 |
| Insurance | $590,607 |
| All other expenses | $2,235,063 |
| Total functional expenses | $92,075,288 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,128 |
| Savings and temporary cash investments | $7,465,752 |
| Pledges and grants receivable | $541,481 |
| Accounts receivable, net | $4,566,732 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,123,806 |
| Inventories for sale or use | $1,009,322 |
| Prepaid expenses and deferred charges | $1,668,021 |
| Net Land, buildings, and equipment | $63,885,160 |
| Investments—publicly traded securities | $34,152,555 |
| Investments—other securities | $579,957 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $808,967 |
| Total assets | $115,886,881 |
| Accounts payable and accrued expenses | $9,365,190 |
| Grants payable | $0 |
| Deferred revenue | $2,704,673 |
| Tax-exempt bond liabilities | $29,359,175 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,336,406 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,748,697 |
| Total liabilities | $46,514,141 |
| Net assets without donor restrictions | $37,616,440 |
| Net assets with donor restrictions | $31,756,300 |
| 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 | $115,886,881 |