Cabrini University
- Assets
- $134.4m
- Revenue
- $73.1m
- Investments
- $0.0
- Employees
- 991
- 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 06/2022, Cabrini University employed 991 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 1.3% each year. All expenses for the organization totaled $77.7m during the year ending 06/2021. While expenses have increased by 0.8% 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
CATHOLIC INSTITUTION OF HIGHER EDUCATION DEDICATED TO ACADEMIC EXCELLENCE, LEADERSHIP DEVELOPMENT, AND A COMMITMENT TO SOCIAL JUSTICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION:CABRINI OFFERS MORE THAN 50 ACADEMIC MAJORS AND MINORS 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 2021-22 ACADEMIC YEAR, CABRINI ENROLLED APPROXIMATELY 1,300 UNDERGRADUATE STUDENTS AND 400 GRADUATE STUDENTS. APPROXIMATELY 500 STUDENTS EARNED BACHELORS AND MASTER'S DEGREES IN 2021. THE UNIVERSITY COUNTS MORE THAN 17,000 ALUMNI OF RECORD.
AUXILIARY ENTERPRISES:AUXILIARY SERVICES INCLUDE RESIDENCE LIFE, FOOD SERVICES AND RENTAL ACTIVITIES. THE UNIVERSITY HAD 700 FULL TIME UNDERGRADUATE RESIDENTS IN THE FALL 2021 SEMESTER.
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.(CONTINUED ON SCHEDULE O.)CABRINI IS A NCAA DIVISION III INSTITUTION THAT SPONSORS 19 VARSITY ATHLETIC PROGRAMS. CABRINI STUDENTS SECURE INTERNSHIP EXPERIENCES LOCALLY AND THROUGHOUT THE UNITED STATES AT MANY LEADING ORGANIZATIONS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Donald Taylor President To May 2022 | OfficerTrustee | 55 | $325,545 |
Brian Eury Vp, Com Dev/chief Of Staff | 40 | $194,535 | |
Chioma Ugochukwu Vp, Academic Affairs / Provost | Officer | 55 | $194,505 |
Stephen Highsmith Vp, Institutional Advancement | 40 | $164,596 | |
Eric Olson Vp, Finance & Admin. To Jun 2021 | Officer | 55 | $173,811 |
Christine Lysionek Vp, Student Life To Jun 2021 | 40 | $158,248 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Collegis Education Inc Information Tech- Nology Management | 6/29/22 | $2,573,148 |
Sodexo Inc And Affiliates Food Services | 6/29/22 | $2,329,868 |
Csi International Inc Janitorial Services | 6/29/22 | $1,191,740 |
Allied Universal Security Services Security Services | 6/29/22 | $1,046,494 |
Creative Communication Associates Media Planning & Buying | 6/29/22 | $964,884 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,297,780 |
| 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 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 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 | $0 |
| 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 |
| 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 | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $74,823,667 |