Widener University
- Assets
- $432.4m
- Revenue
- $254.3m
- Investments
- $32.6m
- Employees
- 2,609
- Location
- Chester, PA
- Founding
- 08/1936
- Data as of
- 06/2022
- EIN
- 23-1386178
Organization Overview
Widener University is located in Chester, PA. The organization was established in 1936. 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, Widener University employed 2,609 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Widener 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, Widener University generated $254.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $257.5m during the year ending 06/2022. While expenses have increased by 1.7% 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
EMPOWERING OUR COMMUNITY OF LEARNERS TO DISCOVER AND CREATE BETTER FUTURES.
Describe the Organization's Program Activity:
INSTRUCTIONAL/GRANTS - EXPENSES INCURRED WITH THE ACADEMIC INSTRUCTION OF OUR STUDENT BODY AS WELL AS GRANTS TO STUDENTS. THE UNIVERSITY COMPRISES OF EIGHT SCHOOLS AND COLLEGES THAT OFFER LIBERAL ARTS AND SCIENCES, PROFESSIONAL, AND PREPROFESSIONAL CURRICULA. A METROPOLITAN TEACHING INSTITUTION, THE UNIVERSITY IS A THREE-CAMPUS UNIVERSITY OFFERING MORE THAN 100 PROGRAMS OF STUDY LEADING TO ASSOCIATES, BACHELORS, MASTERS, OR DOCTORAL DEGREES. IN THE FALL SEMESTER OF 2021, THE UNIVERSITY HAD ENROLLED 5,875 STUDENTS COMPRISED OF 2,766 UNDERGRADUATE, 2,027 GRADUATE, AND 1,082 SCHOOL OF LAW STUDENTS.
ACADEMIC SUPPORT - EXPENSES INCURRED TO SUPPORT THE LIBRARY AND ACADEMIC ADMINISTRATION, INCLUDING PROVOST, DEANS, AND FACULTY DEVELOPMENT.
STUDENT SERVICES - EXPENSES INCURRED FOR PROGRAMS THAT SERVICE WIDENER'S STUDENT BODY, SUCH AS ATHLETICS, STUDENT ORGANIZATIONS, CAREER PLACEMENT, STUDENT HEALTH, AND STUDENT COUNSELING. IN ADDITION, THIS INCLUDES DEPARTMENTS THAT SUPPORT STUDENT ADMISSIONS, FINANCIAL AID, THE BURSAR, AND REGISTRAR.
AUXILIARY SERVICES - EXPENSES INCURRED PRIMARILY FOR HOUSING AND FEEDING STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie E Wollman PHD President | OfficerTrustee | 60 | $904,532 |
Joseph J Baker Former Officer To Jun 2021 | 2 | $433,761 | |
Rodney Smolla Dean Delaware Law | Officer | 60 | $347,835 |
Andrew Workman Provost | Officer | 60 | $341,753 |
Theresa Travis Sr VP Advancement | Officer | 60 | $262,496 |
Fred Akl Dean School Of Engineering | 40 | $282,066 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aramark Services Inc Food Services | 6/29/22 | $4,683,453 |
Hsc Builders & Construction Construction Management | 6/29/22 | $13,009,778 |
C Caramanico & Sons Landscaping Services | 6/29/22 | $1,060,819 |
Vont Llc Marketing Services | 6/29/22 | $836,535 |
Abm Facility Management | 6/29/22 | $1,339,539 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $65,590 |
| Related organizations | $0 |
| Government grants | $13,808,624 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,312,763 |
| Noncash contributions included in lines 1a–1f | $344,840 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,186,977 |
| Total Program Service Revenue | $230,586,251 |
| Investment income | $7,060,170 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $779,281 |
| Net Gain/Loss on Asset Sales | -$3,954,922 |
| Net Income from Fundraising Events | $25,839 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $254,333,265 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $96,564,421 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,057,165 |
| Compensation of current officers, directors, key employees. | $3,057,165 |
| Compensation to disqualified persons | $30,000 |
| Other salaries and wages | $73,537,969 |
| Pension plan accruals and contributions | $2,763,310 |
| Other employee benefits | $16,192,836 |
| Payroll taxes | $5,190,515 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $880,912 |
| Fees for services: Accounting | $150,115 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $237,023 |
| Fees for services: Other | $12,625,735 |
| Advertising and promotion | $2,019,862 |
| Office expenses | $1,642,277 |
| Information technology | $4,829,190 |
| Royalties | $0 |
| Occupancy | $4,153,409 |
| Travel | $838,937 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $364,122 |
| Interest | $3,004,828 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,369,539 |
| Insurance | $2,616,351 |
| All other expenses | $3,213,998 |
| Total functional expenses | $257,477,666 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,601,016 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,552,650 |
| Accounts receivable, net | $12,357,414 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $768,807 |
| Net Land, buildings, and equipment | $203,159,331 |
| Investments—publicly traded securities | $106,543,278 |
| Investments—other securities | $32,574,882 |
| Investments—program-related | $5,413,741 |
| Intangible assets | $0 |
| Other assets | $1,446,898 |
| Total assets | $432,418,017 |
| Accounts payable and accrued expenses | $23,676,547 |
| Grants payable | $4,070,427 |
| Deferred revenue | $14,705,704 |
| Tax-exempt bond liabilities | $107,481,763 |
| 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 | $57,932,570 |
| Total liabilities | $207,867,011 |
| Net assets without donor restrictions | $157,367,039 |
| Net assets with donor restrictions | $67,183,967 |
| 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 | $432,418,017 |