Holy Family University
- Assets
- $135.5m
- Revenue
- $83.7m
- Investments
- $1.9m
- Employees
- 1,084
- Location
- Philadelphia, PA
- Founding
- 03/1946
- Data as of
- 06/2023
- EIN
- 23-1501197
Organization Overview
Holy Family University is located in Philadelphia, PA. The organization was established in 1946. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2023, Holy Family University employed 1,084 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Holy Family 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 06/2023, Holy Family University generated $83.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $78.6m during the year ending 06/2023. While expenses have increased by 4.2% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
LIBERAL ARTS & PROFESSIONS EDUCATION IN DOCTORATE, GRADUATE, UNDERGRADUATE & NON-DEGREE PROGRAMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOLY FAMILY UNIVERSITY IS A FULLY ACCREDITED PRIVATE COED UNIVERSITY OFFERING LIBERAL ARTS AND PROFESSIONAL PROGRAMS THROUGH DOCTORATE, GRADUATE, UNDERGRADUATE, AND NON-DEGREE PROGRAMS. THE UNIVERSITY PROVIDES 133 DEGREE PROGRAMS AND 6 NON-DEGREE PROGRAMS.INSTITUTIONAL AID PROVIDED TO STUDENTS WAS $30,201,324 IN 2023.CONTINUED ON SCHEDULE O.THE UNIVERSITY IS ACCREDITED BY THE MIDDLE STATES COMMISSION ON HIGHER EDUCATION, THE COMMISSION ON COLLEGIATE NURSING AND THE JOINT REVIEW COMMITTEE OF EDUCATION IN RADIOLOGIC TECHNOLOGY. TRADITIONAL GRADUATE AND UNDERGRADUATE PROGRAMS OFFERED FROM THE SCHOOL OF BUSINESS ARE ACCREDITED BY THE ACCREDITATION COUNCIL FOR BUSINESS SCHOOLS AND PROGRAMS (THIS ACCREDITATION DOES NOT APPLY TO THE UNDERGRADUATE AND GRADUATE BUSINESS DEGREES OFFERED THROUGH THE DIVISION OF EXTENDED LEARNING). THE FIRE SCIENCE AND PUBLIC SAFETY ADMINISTRATION DEGREE PROGRAM IS ACCREDITED BY THE INTERNATIONAL FIRE SERVICE ACCREDITATION CONGRESS.TEACHER CERTIFICATION PROGRAMS AT THE GRADUATE AND UNDERGRADUATE LEVELS ARE APPROVED BY THE COMMONWEALTH OF PENNSYLVANIA, DEPARTMENT OF EDUCATION. THE UNIVERSITY HAS ALSO BEEN APPROVED BY THE PENNSYLVANIA STATE BOARD OF NURSE EXAMINERS AND THE VETERANS ADMINISTRATION, AND IT IS A MEMBER OF THE AMERICAN ASSOCIATION FOR COLLEGES FOR TEACHER EDUCATION (AACTE) AND THE AMERICAN ASSOCIATION OF COLLEGES OF NURSING (AACN).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Mandia ESQ Chair | OfficerTrustee | 2 | $0 |
Patrick Ryan ESQ Vice Chair | OfficerTrustee | 2 | $0 |
Sister Cynthia Meyer Csfn MA Secretary | OfficerTrustee | 2 | $0 |
James Bennett Trustee | Trustee | 2 | $0 |
Roger Falloon Trustee | Trustee | 2 | $0 |
Sister Janice Fulmer Csfn PHD Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
K12 Teachers Alliance Recruiting Organization | 6/29/23 | $1,316,402 |
Metz Culinary Management Dining Services | 6/29/23 | $1,259,037 |
Allied Universal Security Services Security Services | 6/29/23 | $1,254,934 |
Ati Testing Service | 6/29/23 | $1,032,116 |
Interstate Maintenance Corporation Housekeeping Service Provider | 6/29/23 | $630,348 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $248,125 |
| Related organizations | $31,000 |
| Government grants | $4,310,351 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,258,390 |
| Noncash contributions included in lines 1a–1f | $25,162 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,847,866 |
| Total Program Service Revenue | $75,675,320 |
| Investment income | $815,216 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $58,871 |
| Net Gain/Loss on Asset Sales | $996,553 |
| Net Income from Fundraising Events | -$30,454 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $83,669,672 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $30,201,324 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,019,860 |
| Compensation of current officers, directors, key employees. | $527,798 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,637,420 |
| Pension plan accruals and contributions | $596,677 |
| Other employee benefits | $1,595,923 |
| Payroll taxes | $1,703,689 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $53,860 |
| Fees for services: Other | $9,400,160 |
| Advertising and promotion | $667,872 |
| Office expenses | $1,018,397 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,036,205 |
| Travel | $380,474 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,725,735 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,879,159 |
| Insurance | $489,556 |
| All other expenses | $680,926 |
| Total functional expenses | $78,563,023 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,586,315 |
| Savings and temporary cash investments | $9,109,262 |
| Pledges and grants receivable | $821,591 |
| Accounts receivable, net | $4,403,453 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $10,194 |
| Prepaid expenses and deferred charges | $714,468 |
| Net Land, buildings, and equipment | $66,256,066 |
| Investments—publicly traded securities | $38,676,684 |
| Investments—other securities | $1,854,479 |
| Investments—program-related | $1,035,326 |
| Intangible assets | $0 |
| Other assets | $2,036,044 |
| Total assets | $135,503,882 |
| Accounts payable and accrued expenses | $4,737,985 |
| Grants payable | $0 |
| Deferred revenue | $2,119,980 |
| Tax-exempt bond liabilities | $29,301,267 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,855,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,902,362 |
| Total liabilities | $40,916,594 |
| Net assets without donor restrictions | $85,653,799 |
| Net assets with donor restrictions | $8,933,489 |
| 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 | $135,503,882 |