Marywood University
- Assets
- $244.4m
- Revenue
- $101.0m
- Investments
- $22.5m
- Employees
- 1,216
- Location
- Scranton, PA
- Founding
- 12/1945
- Data as of
- 06/2021
- EIN
- 24-0795453
Organization Overview
Marywood University is located in Scranton, PA. The organization was established in 1945. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2023, Marywood University employed 1,216 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marywood 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, Marywood University generated $101.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $97.3m during the year ending 06/2021. 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
TO PROVIDE AN EDUCATION IN THE IMMACULATE HEART OF MARY TRADITION OF ACADEMIC EXCELLENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION AND SCHOLARSHIPS: MARYWOOD PROVIDED UNDERGRADUATE AND GRADUATE INSTRUCTION TO 2,467 FULL-TIME AND 322 PART-TIME STUDENTS. CONSIDERED A 'LIBERAL ARTS' UNIVERSITY, MARYWOOD HAS THREE DEGREE-GRANTING COLLEGES, AND OFFERS UNDERGRADUATE DEGREES IN 58 ACADEMIC PROGRAMS WHICH INCLUDE ARTS, COMMUNICATION, LITERATURE, LANGUAGE, MUSIC, THEATER, DANCE, HEALTH SCIENCES, PHILOSOPHY AND RELIGIOUS STUDIES, PSYCHOLOGY, ARCHITECTURE, BUSINESS, EDUCATION, SOCIAL WORK, SCIENCE, MATH, COMPUTER SCIENCES, AND SOCIAL SCIENCES. MARYWOOD IS FULLY ACCREDITED BY THE MIDDLE STATES COMMISSION ON HIGHER EDUCATION. MARYWOOD OFFERS 32 GRADUATE PROGRAMS INCLUDE ART, COUNSELING, PSYCHOLOGY, SOCIAL WORK, BUSINESS, EDUCATION, ARCHITECTURE, HEALTH SCIENCES, COMPUTER SCIENCE, SOCIAL SCIENCE, AND LANGUAGE
RESEARCH AND ACADEMIC SUPPORT: MARYWOOD PROVIDED SERVICES TO SUPPORT THE INSTRUCTIONAL AREAS NOTED ABOVE. THIS INCLUDES LIBRARY, COMPUTER SERVICES, ATHLETICS, HEALTH & FITNESS, TECHNOLOGY, AND ART GALLERIES. FACULTY AND STAFF ARE ENCOURAGED TO SECURE FUNDING FOR VARIOUS RESEARCH PROJECTS FROM FEDERAL, STATE, AND LOCAL SOURCES, AS WELL AS PRIVATE FUNDING AGENCIES.
AUXILIARY SERVICES: MARYWOOD PROVIDED DORMITORY SERVICES TO 704 RESIDENT STUDENTS AND FOOD SERVICES TO RESIDENT STUDENTS, COMMUTER STUDENTS, AND CAMPUS STAFF. MARYWOOD OFFERED FOUR ON-CAMPUS HOUSING OPTIONS AND FOUR DINING VENUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Treasurer | OfficerTrustee | 1 | $0 |
Name Not Listed Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Vice Chair (through 4/2023); Trustee | OfficerTrustee | 1 | $0 |
Name Not Listed Vice Chair (as Of 4/2023) | OfficerTrustee | 1 | $0 |
Name Not Listed President | OfficerTrustee | 40 | $10,000 |
Name Not Listed Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Compass Group Usa Food Service Provider | 6/29/23 | $4,060,095 |
Dynamic Campus Solutions Outsourced It Service | 6/29/23 | $1,942,500 |
Wright's Electric Llc Construction Company | 6/29/23 | $739,932 |
Cc Cleaning Services Outsourced Cleaning Company | 6/29/23 | $678,142 |
Hemmler Camayd Architects Ltd Architect For Campus Construction | 6/29/23 | $607,832 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,928,635 |
| Investment income | $167,184 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,487 |
| Net Rental Income | $84,238 |
| Net Gain/Loss on Asset Sales | $2,933,434 |
| Net Income from Fundraising Events | -$83,607 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,303,018 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $100,984,557 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $35,325,458 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,374,879 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $25,373,192 |
| Pension plan accruals and contributions | $1,066,975 |
| Other employee benefits | $4,307,786 |
| Payroll taxes | $1,820,842 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $95,002 |
| Fees for services: Accounting | $116,588 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $106,080 |
| Fees for services: Investment Management | $40,252 |
| Fees for services: Other | $2,396,832 |
| Advertising and promotion | $473,933 |
| Office expenses | $3,963,339 |
| Information technology | $1,838,971 |
| Royalties | $0 |
| Occupancy | $1,698,707 |
| Travel | $1,366,196 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $185,046 |
| Interest | $2,774,667 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,876,284 |
| Insurance | $611,777 |
| All other expenses | $0 |
| Total functional expenses | $97,323,182 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $678,160 |
| Savings and temporary cash investments | $17,357,371 |
| Pledges and grants receivable | $2,085,148 |
| Accounts receivable, net | $4,750,362 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $970,756 |
| Investments—publicly traded securities | $48,395,675 |
| Investments—other securities | $22,478,471 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,311,614 |
| Total assets | $244,412,152 |
| Accounts payable and accrued expenses | $7,065,747 |
| Grants payable | $0 |
| Deferred revenue | $15,463,487 |
| Tax-exempt bond liabilities | $53,269,151 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $18,333,374 |
| Unsecured mortgages and notes payable | $1,998,191 |
| Other liabilities | $0 |
| Total liabilities | $96,129,950 |
| 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 | $148,282,202 |