Cabrini University
- Assets
- $134.4m
- Revenue
- $73.1m
- Investments
- $0.0
- Employees
- 976
- Location
- Radnor, PA
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 23-1526668
Organization Overview
Cabrini University is located in Radnor, PA. The organization was established in 1946. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2021, Cabrini University employed 976 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Cabrini 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, Cabrini University generated $73.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $77.7m during the year ending 06/2021. While expenses have increased by 1.6% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ACCREDITED RESIDENTIAL CATHOLIC INSTITUTION WELCOMING LEARNERS OF ALL FAITHS, CULTURES & BACKGROUNDS
Describe the Organization's Program Activity:
INSTRUCTION:CABRINI OFFERS MORE THAN 38 ACADEMIC MAJORS, SEVERAL PRE-PROFESSIONAL PROGRAMS AND CONCENTRATIONS, 39 MINORS AND NINE TEACHER CERTIFICATIONS TO UNDERGRADUATE STUDENTS. THE UNIVERSITY ALSO OFFERS GRADUATE, DOCTORAL, AND PROFESSIONAL PROGRAMS IN FACE-TO-FACE, ON-LINE, HYFLEX AND HYBRID MODALITIES. THE UNIVERSITY HAS BEEN A NATIONAL LEADER AMONG HIGHER EDUCATION INSTITUTIONS IN INTEGRATING WORK FOR SOCIAL JUSTICE INTO A COLLEGE EDUCATION.DURING THE 2020-21 ACADEMIC YEAR, CABRINI ENROLLED APPROXIMATELY 1,500 UNDERGRADUATE STUDENTS AND 500 GRADUATE STUDENTS. MORE THAN 500 STUDENTS EARNED BACHELORS AND MASTER'S DEGREES IN 2020. THE UNIVERSITY COUNTS MORE THAN 17,000 ALUMNI OF RECORD.
ACADEMIC SUPPORT AND STUDENT SERVICES:FOUNDED IN 1957 BY THE MISSIONARY SISTERS OF THE SACRED HEART OF JESUS (MSC) AS CABRINI COLLEGE, THE INSTITUTION BECAME CABRINI UNIVERSITY ON JULY 1, 2016. THE CHANGEOVER ALSO MARKED THE IMPLEMENTATION OF NEW ACADEMIC CENTERS FOR DEDICATED RESEARCH AND SCHOLARSHIP IN THE AREAS OF DOMESTIC VIOLENCE, IMMIGRATION, GLOBAL LEARNING, AND URBAN EDUCATION. A NEW CENTER FOR STUDENT SUCCESS WAS ALSO PUT IN PLACE TO BETTER SERVE AN INCREASINGLY DIVERSE STUDENT BODY. CABRINI OFFERS MORE THAN 50 STUDENT CLUBS AND ORGANIZATIONS IN ACADEMIC FIELDS, SPORTS, THE ARTS, INTERNATIONAL AND MULTICULTURAL ACTIVITIES, COMMUNITY SERVICE, STUDENT GOVERNMENT, PUBLICATIONS AND MEDIA, AND OTHER AREAS.STUDY AWAY OPPORTUNITIES INCLUDE SHORT-TERM AND SEMESTER ABROAD PROGRAMS IN ITALY, ENGLAND, AUSTRALIA, IRELAND, ZAMBIA, ARGENTINA, AND GUATEMALA.CABRINI IS A NCAA DIVISION III INSTITUTION THAT SPONSORS 19 VARSITY ATHLETIC PROGRAMS AND RECENTLY FORMED THE NEW ATLANTIC EAST CONFERENCE (AEC) WITH SIX OTHER INSTITUTIONS. IN 2021, CABRINI CLAIMED FIVE AEC TITLES INCLUDING MEN'S AND WOMEN'S LACROSSE, MEN'S GOLF, MEN'S SWIMMING, AND MEN'S TENNIS.CABRINI STUDENTS SECURE INTERNSHIP EXPERIENCES LOCALLY AND THROUGHOUT THE UNITED STATES AT MANY LEADING ORGANIZATIONS, INCLUDING COMCAST SPORTSNET PHILADELPHIA, DISNEY WORLDWIDE SERVICES, INC., IHEARTRADIO, INDEPENDENCE BLUE CROSS, GREATER PHILADELPHIA URBAN AFFAIRS COALITION, PHILADELPHIA INQUIRER, TEVA PHARMACEUTICAL, INDUSTRIES, LTD., UNITED STATES LIABILITY INSURANCE, AND WITH PHILADELPHIA PROFESSIONAL SPORTS TEAMS.
AUXILIARY ENTERPRISES:AUXILIARY SERVICES INCLUDE A DIVERSE GROUP OF INTERNAL UNITS, INCLUDING RESIDENCE LIFE, AND FOOD SERVICES. THE COLLEGE HAD 745 FULL TIME UNDERGRADUATE RESIDENTS IN THE FALL 2020.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Donald Taylor President | OfficerTrustee | 55 | $305,084 |
Chioma Ugochukwu VP Academic Affairs | Officer | 55 | $197,517 |
Brian Eury Chief Of Staff, VP Comm Dev/ext Rel | 40 | $192,028 | |
Eric Olson Treasurer And VP Finance/admin | Officer | 55 | $171,774 |
Stephen Highsmith VP Institutional Advancement | 40 | $168,204 | |
George Walter VP Enrollment Management | Officer | 55 | $165,923 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Collegis Education Inc Information Tech- Nology Management | 6/29/21 | $2,488,646 |
Sodexo Inc And Affliates Food Services | 6/29/21 | $2,187,470 |
Csi International Inc Cleaning Services | 6/29/21 | $1,161,708 |
Allied Universal Security Services Security Services | 6/29/21 | $1,043,951 |
Creative Communication Associates Media Planning And Buying | 6/29/21 | $860,216 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $240,914 |
| Related organizations | $0 |
| Government grants | $3,122,189 |
| All other contributions, gifts, grants, and similar amounts not included above | $934,677 |
| Noncash contributions included in lines 1a–1f | $181,903 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,297,780 |
| Total Program Service Revenue | $61,443,870 |
| Investment income | $805,285 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,256 |
| Net Gain/Loss on Asset Sales | $1,577,842 |
| Net Income from Fundraising Events | -$56,709 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $73,061,139 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $27,215,054 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $981,236 |
| Compensation of current officers, directors, key employees. | $981,236 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,248,626 |
| Pension plan accruals and contributions | $964,280 |
| Other employee benefits | $3,780,584 |
| Payroll taxes | $1,454,575 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $166,204 |
| Fees for services: Accounting | $80,425 |
| Fees for services: Lobbying | $2,132 |
| Fees for services: Fundraising | $91,750 |
| Fees for services: Investment Management | $165,573 |
| Fees for services: Other | $2,693,662 |
| Advertising and promotion | $942,702 |
| Office expenses | $1,526,551 |
| Information technology | $2,831,614 |
| Royalties | $0 |
| Occupancy | $1,860,903 |
| Travel | $252,739 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $89,611 |
| Interest | $2,129,095 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,334,444 |
| Insurance | $627,783 |
| All other expenses | $281,894 |
| Total functional expenses | $77,657,416 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,272,642 |
| Savings and temporary cash investments | $1,095,314 |
| Pledges and grants receivable | $727,144 |
| Accounts receivable, net | $4,250,206 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $104,223 |
| Prepaid expenses and deferred charges | $696,050 |
| Net Land, buildings, and equipment | $76,950,556 |
| Investments—publicly traded securities | $46,223,958 |
| Investments—other securities | $0 |
| Investments—program-related | $624,644 |
| Intangible assets | $0 |
| Other assets | $2,437,645 |
| Total assets | $134,382,382 |
| Accounts payable and accrued expenses | $5,445,828 |
| Grants payable | $0 |
| Deferred revenue | $2,495,001 |
| Tax-exempt bond liabilities | $50,348,634 |
| 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 | $1,269,252 |
| Total liabilities | $59,558,715 |
| Net assets without donor restrictions | $45,868,933 |
| Net assets with donor restrictions | $28,954,734 |
| 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 | $134,382,382 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Cabrini University has recieved totaling $148,583.
| Awarding Organization | Amount |
|---|---|
Independence Blue Cross Foundation Philadelphia, PA PURPOSE: STOP | $50,000 |
Nerney Family Foundation Wayne, PA PURPOSE: UNRESTRICTED CONTRIB TO CHARITY (COMMUNITY) | $46,500 |
Charlotte W Newcombe Foundation Princeton, NJ PURPOSE: SCHOLARSHIPS FOR STUDENTS WITH DISABILITIES | $30,000 |
Katherine Alexandra Charitable Foundation West Chester, PA PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $8,500 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $5,100 |
Trust Under Will Of John Mckee Dated December 8 1899 Malvern, PA PURPOSE: INDIVIDUAL STUDENT SCHOLARSHIP GRANTS | $4,000 |
Endowment Analysis
| Beg. Balance | $41,953,130 |
| Earnings | $10,031,155 |
| Net Contributions | $121,253 |
| Other Expense | $3,838,993 |
| Grants | $266,253 |
| Ending Balance | $48,000,292 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fordham University Bronx, NY | $2,430,141,698 | $953,892,663 |
Rochester Institute Of Technology Rochester, NY | $2,526,196,996 | $1,071,324,345 |
St Johns University New York Jamaica, NY | $1,703,677,283 | $798,473,536 |
University Of Dayton Dayton, OH | $1,782,604,426 | $747,930,230 |
Villanova University Villanova, PA | $2,287,455,797 | $872,271,471 |
Rensselaer Polytechnic Institute Troy, NY | $1,598,843,813 | $653,047,178 |
Rockefeller University New York, NY | $4,263,008,941 | $535,346,959 |
Lehigh University Bethlehem, PA | $3,057,301,515 | $713,288,867 |
The New School New York, NY | $1,263,076,833 | $558,997,855 |
Hofstra University Hempstead, NY | $1,538,245,078 | $606,887,297 |
American University Of Beirut New York, NY | $1,902,791,001 | $608,300,843 |
Seton Hall University South Orange, NJ | $890,349,000 | $473,034,000 |