Neumann University
- Assets
- $141.8m
- Revenue
- $70.9m
- Investments
- $1.2m
- Employees
- 918
- Location
- Aston, PA
- Founding
- 12/1965
- Data as of
- 06/2023
- EIN
- 23-1657958
Organization Overview
Neumann University is located in Aston, PA. The organization was established in 1965. 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, Neumann University employed 918 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neumann 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, Neumann University generated $70.9m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $83.3m during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO MAINTAIN AND OPERATE A COLLEGE FOR THE LIBERAL EDUCATION OF MEN AND WOMEN.
Describe the Organization's Program Activity:
NEUMANN UNIVERSITY IS A PRIVATE, CATHOLIC, FRANCISCAN, CO-EDUCATIONAL UNIVERSITY.FALL ENROLLMENT (FULL TIME AND PART TIME) FOR 2023 WAS 2,171 STUDENTS PURSUING UNDERGRADUATE AND GRADUATE DEGREES. THE UNIVERSITY OFFERS BACHELOR OF ARTS AND BACHELOR OF SCIENCE DEGREES IN A BROAD RANGE OF SUBJECTS. GRADUATE DEGREES INCLUDE TWO DOCTORAL PROGRAMS AND TEN MASTER PROGRAMS. STUDENT ACTIVITIES INCLUDE NUMEROUS CLUB ACTIVITIES, ART, AND MUSICAL GROUPS, AND TWENTY-THREE VARSITY SPORTS AND SEVEN CLUB TEAMS.CONTINUED ON SCHEDULE O.FACULTY AND STUDENTS HAVE BEEN RECOGNIZED BY MANY ORGANIZATIONS FOR THEIR RESPECTIVE CONTRIBUTIONS TO ACADEMIC EXCELLENCE AND COMMUNITY SERVICE. DURING THE YEAR ENDED JUNE 30, 2023, THE UNIVERSITY PROVIDED STUDENTS WITH FINANCIAL AID FROM INTERNAL RESOURCES OF APPROXIMATELY $24,975,376 WHICH REPRESENTED ABOUT 45% OF GROSS TUITION AND FEE REVENUE FOR THE YEAR..
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Latini Jr CFA Chair | OfficerTrustee | 1 | $0 |
Sr Marie Angela Presenza Osf Secretary | OfficerTrustee | 1 | $0 |
Christopher E Domes Edd President | OfficerTrustee | 40 | $363,356 |
Peter G Abessinio Trustee | Trustee | 1 | $0 |
Sr Esther Anderson Osf Trustee | Trustee | 1 | $0 |
Tobby Booker Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Operations Llc Food Services | 6/29/23 | $2,683,672 |
Aramark Facility Services & Construction Managem | 6/29/23 | $1,886,639 |
Sunstates Security Llc Campus Security Services | 6/29/23 | $1,753,842 |
Ecbm Insurance Brokers Insurance Brokers & Consultants | 6/29/23 | $667,490 |
Academy Express Transportation Services | 6/29/23 | $392,904 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $118,712 |
| Related organizations | $5,000 |
| Government grants | $1,750,072 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,790,203 |
| Noncash contributions included in lines 1a–1f | $933 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,663,987 |
| Total Program Service Revenue | $64,791,193 |
| Investment income | $650,424 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$130,801 |
| Net Gain/Loss on Asset Sales | -$154,077 |
| Net Income from Fundraising Events | -$29,407 |
| Net Income from Gaming Activities | -$4,221 |
| Net Income from Sales of Inventory | $354,247 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $70,882,160 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $25,376,115 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,220,835 |
| Compensation of current officers, directors, key employees. | $1,029,283 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,546,847 |
| Pension plan accruals and contributions | $889,660 |
| Other employee benefits | $3,497,408 |
| Payroll taxes | $1,520,514 |
| Fees for services: Management | $83,821 |
| Fees for services: Legal | $447,029 |
| Fees for services: Accounting | $94,477 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,116,030 |
| Advertising and promotion | $935,607 |
| Office expenses | $2,351,808 |
| Information technology | $527,713 |
| Royalties | $0 |
| Occupancy | $2,351,341 |
| Travel | $714,652 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $83,457 |
| Interest | $1,946,443 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,152,032 |
| Insurance | $758,263 |
| All other expenses | $853,369 |
| Total functional expenses | $83,311,938 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,137 |
| Savings and temporary cash investments | $1,583,374 |
| Pledges and grants receivable | $1,721,726 |
| Accounts receivable, net | $1,865,377 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $479,068 |
| Prepaid expenses and deferred charges | $525,711 |
| Net Land, buildings, and equipment | $100,779,130 |
| Investments—publicly traded securities | $31,146,494 |
| Investments—other securities | $1,175,203 |
| Investments—program-related | $382,855 |
| Intangible assets | $0 |
| Other assets | $2,102,121 |
| Total assets | $141,771,196 |
| Accounts payable and accrued expenses | $4,078,813 |
| Grants payable | $0 |
| Deferred revenue | $22,862 |
| Tax-exempt bond liabilities | $39,038,699 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,000,000 |
| Unsecured mortgages and notes payable | $9,586,301 |
| Other liabilities | $3,176,267 |
| Total liabilities | $58,902,942 |
| Net assets without donor restrictions | $63,899,610 |
| Net assets with donor restrictions | $18,968,644 |
| 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 | $141,771,196 |