Salus University
- Assets
- $71.9m
- Revenue
- $54.0m
- Investments
- $0.0
- Employees
- 804
- Location
- Elkins Park, PA
- Founding
- 10/1949
- Data as of
- 06/2021
- 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 06/2021, Salus University employed 804 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 06/2021, Salus University generated $54.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $51.6m during the year ending 06/2021. While expenses have increased by 2.0% per year over the past 6 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
2021
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 ENROLLS APPROXIMATELY 1,200 STUDENTS. DURING THE YEAR 451 STUDENTS EARNED DEGREES, 21 EARNED CERTIFICATIONS, AND 38 STUDENTS COMPLETED NON-DEGREE STUDIES.(CONTINUED ON SCHEDULE O)IN MARCH 2020, THE WORLD HEALTH ORGANIZATION DECLARED THE SPREAD OF CORONAVIRUS DISEASE (COVID-19) A WORLDWIDE PANDEMIC. THE COVID-19 PANDEMIC IS HAVING SIGNIFICANT EFFECTS ON HIGHER EDUCATION, BUSINESSES, AND COMMUNITIES.AS A RESULT OF COVID-19, THE UNIVERSITY'S CAMPUS AND CLINICS WERE ORDERED TO CLOSE IN MARCH 2020. THE REMAINDER OF THE SPRING SEMESTER EDUCATION WAS DELIVERED THROUGH ONLINE LEARNING. SOME STUDENTS IN CLINICAL ROTATION HAD THEIR COURSE STUDY TEMPORARILY PAUSED UNTIL SUMMER AND FALL TERMS. COVID-19 MAY ALSO IMPACT VARIOUS PARTS OF THE UNIVERSITY'S FUTURE OPERATIONS AND FINANCIAL RESULTS, INCLUDING, BUT NOT LIMITED TO FLUCTUATIONS IN ENROLLMENT, LOSS OF CLINICAL AND AUXILIARY REVENUES, COST INCREASES IN TECHNOLOGY AND CLEANING THE FACILITIES. MANAGEMENT BELIEVES THE UNIVERSITY IS TAKING APPROPRIATE ACTIONS TO MITIGATE THE NEGATIVE IMPACT. HOWEVER, THE FULL IMPACT OF COVID-19 IS UNKNOWN AND CANNOT BE REASONABLY ESTIMATED AS THESE EVENTS ARE STILL DEVELOPING.
CLINICAL PROGRAM: THE UNIVERSITY OPERATES THREE CLINICAL TEACHING FACILITIES. APPROXIMATELY 400 STUDENTS ARE TRAINED ANNUALLY. THE CLINICS PROVIDE EYE CARE, EAR CARE AND SPEECH AND LANGUAGE REHABILITATION TO OVER 50,000 PATIENTS A YEAR.
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 | $403,750 |
Dr Mitchell Scheiman Dean Research | 35 | $268,022 | |
Dr Barry Eckert Vice President And Provost | Officer | 45 | $266,424 |
Dr Melissa Trego Dean College Of Optometry | 35 | $264,042 | |
Mr Brian D Zuckerman ESQ Chief Of Staff | Officer | 45 | $259,190 |
Mr Alexander M Dizhoor Faculty | 35 | $241,867 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Patriot Construction Inc Construction Services | 6/29/21 | $1,301,074 |
Metz Culinary Management Dining Management Services | 6/29/21 | $366,132 |
Nextgen Healthcare Software For Clinics | 6/29/21 | $346,858 |
Vistacom Inc Technology Services | 6/29/21 | $407,772 |
Evolveip Llc Telecommunications Services | 6/29/21 | $392,012 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $167,380 |
| Government grants | $3,012,257 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,488,342 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,667,979 |
| Total Program Service Revenue | $48,119,834 |
| Investment income | $63,913 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $116,845 |
| Net Rental Income | -$12,451 |
| Net Gain/Loss on Asset Sales | $8,999 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $278,329 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $53,963,466 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $59,100 |
| Grants and other assistance to domestic individuals. | $2,143,133 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,926,935 |
| Compensation of current officers, directors, key employees. | $1,030,414 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $23,773,412 |
| Pension plan accruals and contributions | $2,260,942 |
| Other employee benefits | $3,914,638 |
| Payroll taxes | $2,040,569 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $471,220 |
| Fees for services: Accounting | $76,356 |
| Fees for services: Lobbying | $108,860 |
| Fees for services: Fundraising | $64,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,808,391 |
| Advertising and promotion | $259,990 |
| Office expenses | $1,041,108 |
| Information technology | $2,895,894 |
| Royalties | $0 |
| Occupancy | $3,215,000 |
| Travel | $18,641 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $80,013 |
| Interest | $423,543 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,724,571 |
| Insurance | $626,916 |
| All other expenses | $576,089 |
| Total functional expenses | $51,648,913 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500 |
| Savings and temporary cash investments | $17,614,672 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,754,103 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $59,087 |
| Prepaid expenses and deferred charges | $880,720 |
| Net Land, buildings, and equipment | $36,529,238 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $9,429,833 |
| Intangible assets | $0 |
| Other assets | $4,587,137 |
| Total assets | $71,855,290 |
| Accounts payable and accrued expenses | $2,802,488 |
| Grants payable | $0 |
| Deferred revenue | $5,912,353 |
| Tax-exempt bond liabilities | $13,669,320 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,008,770 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $21,531,137 |
| Total liabilities | $44,924,068 |
| Net assets without donor restrictions | $26,763,737 |
| Net assets with donor restrictions | $167,485 |
| 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 | $71,855,290 |
Grants Awarded
Over the last fiscal year, Salus University has awarded $56,527 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF ARIZONA PURPOSE: TUITION SUPPORT | $19,551 |
Tallahassee, FL PURPOSE: TUITION SUPPORT | $13,280 |
CHELTENHAM TOWNSHIP PURPOSE: OPERATIONAL SUPPORT | $10,000 |
Greensboro, NC PURPOSE: TUITION SUPPORT | $7,288 |
PORTLAND STATE UNIVERSITY PURPOSE: TUITION SUPPORT | $6,408 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Salus University has recieved totaling $681,473.
| Awarding Organization | Amount |
|---|---|
Dr Robert L Henry O D Class Of 35 Pco Scholarship Fund Las Vegas, NV PURPOSE: GENERAL OPERATING | $418,016 |
Readers Digest Partners For Sight Foundation Mt Kisco, NY PURPOSE: INTERSHIP PROGRAM FOR ORIENTATION AND MOBILITY TRAINING | $84,680 |
Pennsylvania Vision Foundation Carnegie, PA PURPOSE: MOBILE EYECARE EQUIPMENT | $50,000 |
Northeast Pennsylvania Lions Service Foundation Inc Easton, PA PURPOSE: PROFESSIONAL EDUCATION | $45,000 |
Organization Name not Listed PURPOSE: GENERAL TAX EXEMPT PURPOSES | | $30,000 |
Elizabeth C King U-W Pittsburgh, PA PURPOSE: GENERAL OPERATING | $18,150 |
Endowment Analysis
| Beg. Balance | $46,617,036 |
| Earnings | $11,760,147 |
| Net Contributions | $702,306 |
| Other Expense | $1,671,579 |
| Ending Balance | $57,407,910 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Medical College Valhalla, NY | $318,677,910 | $119,697,970 |
Lake Erie College Of Osteopathic Medicine Inc Erie, PA | $757,028,043 | $202,994,752 |
Touro University New York, NY | $83,518,573 | $93,950,601 |
New York Law School New York, NY | $345,948,911 | $82,190,230 |
Brooklyn Law School Brooklyn, NY | $395,638,685 | $73,619,300 |
Bank Street College Of Education New York, NY | $91,645,236 | $64,451,080 |
Touro University New York, NY | $112,668,496 | $69,634,843 |
Albany College Of Pharmacy And Health Sciences Albany, NY | $159,389,370 | $62,205,490 |
Salus University Elkins Park, PA | $71,855,290 | $53,963,466 |
Geisinger Commonwealth School Of Medicine Danville, PA | $148,792,015 | $48,699,077 |
American College King of Prussia, PA | $101,126,239 | $39,801,880 |
Albany Law School Albany, NY | $122,483,245 | $40,164,228 |