Salus University
- Assets
- $71.3m
- Revenue
- $55.0m
- Investments
- $0.0
- Employees
- 898
- Location
- Elkins Park, PA
- Founding
- 10/1949
- Data as of
- 06/2022
- EIN
- 23-1413680
Organization Overview
Salus University is located in Elkins Park, PA. The organization was established in 1949. 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, Salus University employed 898 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Salus 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, Salus University generated $55.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $55.8m during the year ending 06/2022. While expenses have increased by 2.8% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ADVANCING INTEGRATED HEALTH CARE THROUGH INNOVATIVE EDUCATION, RESEARCH AND CLINICAL SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
POST GRADUATE PROGRAM: SALUS UNIVERSITY IS A POST GRADUATE EDUCATIONAL INSTITUTION. THE UNIVERSITY PROGRAMS LEAD TO DOCTORAL DEGREES IN OPTOMETRY, AUDIOLOGY AND OCCUPATIONAL THERAPY, A PHD IN BIOMEDICINE, AND MASTER'S DEGREES IN MEDICAL SCIENCE, OCCUPATIONAL THERAPY, SPEECH AND LANGUAGE, LOW VISION REHABILITATION AND OTHERS. THE UNIVERSITY ENROLLED 1,375 STUDENTS. DURING THE YEAR 391 STUDENTS EARNED DEGREES, 26 EARNED CERTIFICATIONS, AND 26 STUDENTS COMPLETED NON-DEGREE STUDIES.
CLINICAL PROGRAM: THE UNIVERSITY OPERATES THREE CLINICAL TEACHING FACILITIES. APPROXIMATELY 700 STUDENTS ARE TRAINED ANNUALLY. THE CLINICS PROVIDED EYE CARE, EAR CARE AND SPEECH AND LANGUAGE REHABILITATION TO OVER 40,000 PATIENTS.
RESEARCH PROGRAM: THE UNIVERSITY RECEIVES FEDERAL, STATE AND PRIVATE GRANTS TO SUPPORT BASIC RESEARCH, CLINICAL RESEARCH, SPECIALIZED TRAINING AND STUDENT FINANCIAL AID. THESE AMOUNTS ARE EXPENDED PURSUANT TO THE GRANT AGREEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Michael H Mittelman President | OfficerTrustee | 45 | $384,809 |
Dr Radkika Aravamudhan Dean College Of Audiology | 35 | $295,394 | |
Dr Melissa Trego Dean College Of Optometry | 35 | $287,197 | |
Dr Barry Eckert Vice President And Provost | Officer | 45 | $269,422 |
Dr Mitchell Scheiman Dean Research | 35 | $269,823 | |
Mr Donald C Kates VP Finance | Officer | 45 | $223,072 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nextgen Healthcare Software For Clinics | 6/29/22 | $375,491 |
Eda Contractors Inc Construction Services | 6/29/22 | $538,768 |
Metz Culinary Management Dining Management Services | 6/29/22 | $377,776 |
Patriot Construction Inc Construction Services | 6/29/22 | $1,455,042 |
Eb O'reilly Servicing Corporation Construction Services | 6/29/22 | $324,471 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,536,152 |
| Government grants | $1,568,836 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,165,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,269,988 |
| Total Program Service Revenue | $48,248,274 |
| Investment income | $52,854 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $67,700 |
| Net Rental Income | $286,431 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $28,354 |
| Net Income from Sales of Inventory | $175,354 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $55,000,355 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,000,000 |
| Grants and other assistance to domestic individuals. | $2,834,052 |
| Grants and other assistance to Foreign Orgs/Individuals | $24,657 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,577,364 |
| Compensation of current officers, directors, key employees. | $906,721 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $23,503,123 |
| Pension plan accruals and contributions | $2,272,701 |
| Other employee benefits | $3,878,457 |
| Payroll taxes | $1,971,291 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35,808 |
| Fees for services: Accounting | $76,532 |
| Fees for services: Lobbying | $90,500 |
| Fees for services: Fundraising | $8,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,074,229 |
| Advertising and promotion | $275,388 |
| Office expenses | $525,839 |
| Information technology | $2,793,699 |
| Royalties | $0 |
| Occupancy | $3,203,808 |
| Travel | $231,671 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $315,510 |
| Interest | $309,708 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,634,982 |
| Insurance | $473,812 |
| All other expenses | $917,203 |
| Total functional expenses | $55,776,583 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500 |
| Savings and temporary cash investments | $16,534,301 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,216,151 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $46,104 |
| Prepaid expenses and deferred charges | $1,054,089 |
| Net Land, buildings, and equipment | $38,322,657 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $8,568,700 |
| Intangible assets | $0 |
| Other assets | $3,530,552 |
| Total assets | $71,273,054 |
| Accounts payable and accrued expenses | $2,271,926 |
| Grants payable | $0 |
| Deferred revenue | $6,397,659 |
| Tax-exempt bond liabilities | $13,320,629 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $682,238 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $20,524,742 |
| Total liabilities | $43,197,194 |
| Net assets without donor restrictions | $17,086,103 |
| Net assets with donor restrictions | $10,989,757 |
| 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 | $71,273,054 |
Grants Awarded
Over the last fiscal year, Salus University has awarded $56,527 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CHELTENHAM TOWNSHIP PURPOSE: OPERATIONAL SUPPORT | $10,000 |
FLORIDA STATE UNIVERSITY PURPOSE: TUITION SUPPORT | $13,280 |
UNIVERSITY OF NORTH CAROLINA AT GREENSBORO PURPOSE: TUITION SUPPORT | $7,288 |
UNIVERSITY OF ARIZONA PURPOSE: TUITION SUPPORT | $19,551 |
PORTLAND STATE UNIVERSITY PURPOSE: TUITION SUPPORT | $6,408 |