CABRINI UNIVERSITY: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- CABRINI UNIVERSITY (EIN 23-1526668)
- Tax period
- 2023-07-01 to 2024-06-30
- Filed
- 2025-02-07
- IRS object ID
- 202500389349300720
- Schema version
- 2023v6.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule I
- Schedule J
- Schedule N
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-02-07T08:59:53-06:00 | ReturnTs |
| Tax Period End | 2024-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 410746749 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLIFTONLARSONALLEN LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | TWO INTERNATIONAL PLACE 22ND FLOOR | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02110 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 231526668 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CABRINI LEGACY CORPORATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CABR | BusinessNameControlTxt |
| Phone | 6109028415 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 610 KING OF PRUSSIA ROAD | AddressLine1Txt |
| City | RADNOR | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19087 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | LYNDA BUZZARD | PersonNm |
| Person Title | TREASURER | PersonTitleTxt |
| Phone | 6109028415 | PhoneNum |
| Signature | 2025-02-06 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | LAURA J KENNEY | PreparerPersonNm |
| PTIN | P00202198 | PTIN |
| Phone | 6177170831 | PhoneNum |
| Preparation | 2025-01-30 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Change | Yes (X) | NameChangeInd |
| Principal Officer | AMY LAMBERT | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 610 KING OF PRUSSIA ROAD | AddressLine1Txt |
| City | RADNOR | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19087 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $45,108,879 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Group Exemption | 0928 | GroupExemptionNum |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.CABRINI.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1957 | FormationYr |
| Legal Domicile State | PA | LegalDomicileStateCd |
| Activity Or Mission | FORMER CATHOLIC INSTITUTION OF HIGHER EDUCATION DEDICATED TO ACADEMIC EXCELLENCE, LEADERSHIP DEVELOPMENT, AND A COMMITMENT TO SOCIAL JUSTICE. | ActivityOrMissionDesc |
| Contract Termination | Yes (X) | ContractTerminationInd |
| Voting Members Governing Body | 15 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 14 | VotingMembersIndependentCnt |
| Total Employee | 725 | TotalEmployeeCnt |
| Total Volunteers | 20 | TotalVolunteersCnt |
| Total Gross UBI | $37,765 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $8,216,138 | PYContributionsGrantsAmt |
| CY Contributions Grants | $2,069,966 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $52,816,539 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $28,257,904 | CYProgramServiceRevenueAmt |
| PY Investment Income | $2,415,308 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,121,172 | CYInvestmentIncomeAmt |
| PY Other Revenue | $864,275 | PYOtherRevenueAmt |
| CY Other Revenue | $758,198 | CYOtherRevenueAmt |
| PY Total Revenue | $64,312,260 | PYTotalRevenueAmt |
| CY Total Revenue | $32,207,240 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $23,163,018 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $34,053,909 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $21,900,665 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $17,779,455 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $21,250 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $658,612 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $27,596,688 | PYOtherExpensesAmt |
| CY Other Expenses | $26,345,905 | CYOtherExpensesAmt |
| PY Total Expenses | $72,681,621 | PYTotalExpensesAmt |
| CY Total Expenses | $78,179,269 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$8,369,361 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$45,972,029 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $107,534,814 | TotalAssetsBOYAmt |
| Total Assets EOY | $11,475,149 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $53,566,187 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $9,763,337 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $53,968,627 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $1,711,812 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | SEE SCHEDULE O.EDUCATION OF THE HEART: CABRINI UNIVERSITY WAS A CATHOLIC INSTITUTION OF HIGHER EDUCATION DEDICATED TO ACADEMIC EXCELLENCE, LEADERSHIP DEVELOPMENT, AND A COMMITMENT TO SOCIAL JUSTICE. THE UNIVERSITY WELCOMED LEARNERS OF ALL FAITHS, CULTURES AND BACKGROUNDS TO PREPARE THEM TO BECOME ENGAGED CITIZENS OF THE WORLD. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | Yes (1) | SignificantChangeInd |
| Expense | $43,133,136 | ExpenseAmt |
| Grant | $18,340,745 | GrantAmt |
| Revenue | $24,470,688 | RevenueAmt |
| Desc | INSTRUCTION:CABRINI OFFERED MORE THAN 50 ACADEMIC MAJORS AND MINORS TO UNDERGRADUATE STUDENTS. THE UNIVERSITY ALSO OFFERED GRADUATE, DOCTORAL, AND PROFESSIONAL PROGRAMS IN FACE-TO-FACE, ON-LINE, HYFLEX AND HYBRID MODALITIES. THE UNIVERSITY WAS A NATIONAL LEADER AMONG HIGHER EDUCATION INSTITUTIONS IN INTEGRATING WORK FOR SOCIAL JUSTICE INTO A COLLEGE EDUCATION.DURING THE FINAL ACADEMIC YEAR OF 2023-2024, CABRINI ENROLLED APPROXIMATELY 700 UNDERGRADUATE STUDENTS AND MORE THAN 300 GRADUATE STUDENTS. A TOTAL OF 387 STUDENTS EARNED BACHELORS AND MASTERS DEGREES IN 2024. THE UNIVERSITY COUNTS MORE THAN 17,000 ALUMNI OF RECORD. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $7,081,880 | ExpenseAmt |
| Grant | $13,662,548 | GrantAmt |
| Revenue | $0 | RevenueAmt |
| Desc | 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. CABRINI OPERATED ACADEMIC CENTERS FOR RESEARCH AND SCHOLARSHIP IN THE AREAS OF DOMESTIC VIOLENCE, IMMIGRATION, GLOBAL LEARNING AND URBAN EDUCATION. PRIOR TO ITS CLOSURE, CABRINI INTRODUCED A CENTER FOR STUDENT SUCCESS AND MORE THAN 50 STUDENT CLUBS AND ORGANIZATIONS. CABRINI WAS AN NCAA DIVISION III INSTITUTION. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $7,313,511 | ExpenseAmt |
| Grant | $2,050,616 | GrantAmt |
| Revenue | $3,787,216 | RevenueAmt |
| Desc | AUXILIARY ENTERPRISES:AUXILIARY SERVICES INCLUDED RESIDENCE LIFE, FOOD SERVICES AND RENTAL ACTIVITIES. IN ITS FINAL YEAR OF OPERATION, THE UNIVERSITY HAD MORE THAN 250 FULL TIME UNDERGRADUATE RESIDENTS. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $57,528,527 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | 0 | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | Yes (1) | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 1974 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 725 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 15 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 14 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | Yes (1) | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | PA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LYNDA BUZZARD TREASURER | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6105194952 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 610 KING OF PRUSSIA RD | AddressLine1Txt |
| City | RADNOR | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19087 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (25 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| HELEN DRINAN | ||||||||
| INTERIM PRESIDENT | 35.00 | Yes (X) | Yes (X) | $325,000 | $0 | $65,125 | ||
| AMY LAMBERT | ||||||||
| CHAIR | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| MARY BETH SENKEWICZ | ||||||||
| VICE CHAIR | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| ANDREA KELLIHER | ||||||||
| SECRETARY | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| GEORGE BADEY III ESQ | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| ANDREW BRADY | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| SISTER CATHERINE GARRY MSC | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| HERNAN GUARACAO | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| MICHAEL KAZANJIAN | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| MICHAEL KUBACKI | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| SISTER DIANE OLMSTEAD MSC | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| SISTER PIETRINA RACCULGIA MSC | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| DAVID REGN | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| RACHEL SLAUGHTER | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| ERIC TIDWELL | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| SISTER LUCILLE SOUZA MSC | ||||||||
| TRUSTEE TO MAY 2024 | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| PATRICK J WARD | ||||||||
| TRUSTEE TO MAY 2024 | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| JAMES COOPER | ||||||||
| VP FINANCE & TREASURER TO NOV 2023 | 35.00 | Yes (X) | $158,348 | $0 | $17,978 | |||
| LYNDA BUZZARD | ||||||||
| VP FINANCE & TREASURER | 35.00 | Yes (X) | $169,645 | $0 | $17,543 | |||
| MICHELLE FILLING-BROWN | ||||||||
| DEAN ACADEMIC AFFAIRS/PROVOST | 35.00 | $151,025 | $0 | $26,602 | Yes (X) | |||
| CATHERINE CORCORAN | ||||||||
| VP STUDENT EXPERIENCE TO JUNE 2024 | 35.00 | $139,244 | $0 | $17,761 | Yes (X) | |||
| ERIN MCLAUGHLIN | ||||||||
| ASSOCIATE DEAN TO JUNE 2024 | 35.00 | $158,738 | $0 | $24,848 | Yes (X) | |||
| ANGELA CAMPBELL | ||||||||
| VP MISSION TO MAY 2024 | 35.00 | $161,018 | $0 | $26,976 | Yes (X) | |||
| MELISSA TERLECKI | ||||||||
| ASSOCIATE DEAN TO JUNE 2024 | 35.00 | $137,976 | $0 | $20,059 | Yes (X) | |||
| BRIAN EURY | ||||||||
| FORMER CHIEF OF STAFF | 35.00 | $133,875 | $0 | $2,346 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,534,869 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $219,238 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 26 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| COLLEGIS EDUCATION | |||||
| 1415 22ND ST 220 | OAK BROOK | IL | 60523 | INFORMATION TECH- NOLOGY MANAGEMENT | $2,642,301 |
| SODEXO INC & AFFILIATES | |||||
| 9801 WASHINGTONIAN BLVD | GAITHERSBURG | MD | 20878 | FOOD SERVICES | $2,171,700 |
| ALLIED UNIVERSAL SECURITY SERVICES | |||||
| 161 WASHINGTON ST 600 | CONSHOHOCKEN | PA | 19428 | SECURITY SERVICES | $1,070,855 |
| SAUL EWING LLP | |||||
| 1500 MARKET STREET 38TH FLOOR | PHILADELPHIA | PA | 19102 | LEGAL SERVICES | $676,098 |
| EMPIRE FACILITY SERVICES INC | |||||
| 651 RT 73 N STE 203 | MARLTON | NJ | 08053 | JANITORIAL SERVICES | $634,282 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 20 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $1,540,866 | GovernmentGrantsAmt |
| All Other Contributions | $529,100 | AllOtherContributionsAmt |
| Total Contributions | $2,069,966 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION AND FEES | 611310 | $24,470,688 | $24,470,688 |
| ROOM AND BOARD | 611310 | $3,404,086 | $3,404,086 |
| CHILDREN'S SCHOOL TUITION | 611310 | $364,093 | $364,093 |
| DIXON ATHLETIC CENTER | 611310 | $12,715 | $12,715 |
| BOOKSTORE | 611310 | $6,322 | $6,322 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $28,257,904 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $633,765 | TotalRevenueColumnAmt |
| Exclusion | $633,765 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $505,109 | RealAmt |
| Personal | $70,698 | PersonalAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $235,292 | RealAmt |
| Personal | $32,933 | PersonalAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $269,817 | RealAmt |
| Personal | $37,765 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $307,582 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $37,765 | UnrelatedBusinessRevenueAmt |
| Exclusion | $269,817 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $13,120,821 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $5,764,976 | SecuritiesAmt |
| Other | $6,868,438 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $7,355,845 | SecuritiesAmt |
| Other | -$6,868,438 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $487,407 | TotalRevenueColumnAmt |
| Exclusion | $487,407 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | EXPENSE RECOVERY | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $12,598 | TotalRevenueColumnAmt |
| Exclusion | $12,598 | ExclusionAmt |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $438,018 | TotalRevenueColumnAmt |
| Exclusion | $438,018 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $450,616 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $32,207,240 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $28,257,904 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $37,765 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,841,605 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,539,275 | TotalAmt |
| Program Services | $20,539,275 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,514,634 | TotalAmt |
| Program Services | $13,514,634 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $981,950 | TotalAmt |
| Management And General | $981,950 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,094,893 | TotalAmt |
| Program Services | $8,468,693 | ProgramServicesAmt |
| Management And General | $4,430,901 | ManagementAndGeneralAmt |
| Fundraising | $195,299 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $247,544 | TotalAmt |
| Program Services | $160,091 | ProgramServicesAmt |
| Management And General | $83,761 | ManagementAndGeneralAmt |
| Fundraising | $3,692 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,365,040 | TotalAmt |
| Program Services | $1,599,029 | ProgramServicesAmt |
| Management And General | $720,622 | ManagementAndGeneralAmt |
| Fundraising | $45,389 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,090,028 | TotalAmt |
| Program Services | $704,940 | ProgramServicesAmt |
| Management And General | $368,831 | ManagementAndGeneralAmt |
| Fundraising | $16,257 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $870,214 | TotalAmt |
| Program Services | $181 | ProgramServicesAmt |
| Management And General | $870,030 | ManagementAndGeneralAmt |
| Fundraising | $3 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $141,887 | TotalAmt |
| Management And General | $141,887 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $18,457 | TotalAmt |
| Management And General | $18,457 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,726,554 | TotalAmt |
| Program Services | $2,013,829 | ProgramServicesAmt |
| Management And General | $1,687,154 | ManagementAndGeneralAmt |
| Fundraising | $25,571 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | -$206,076 | TotalAmt |
| Management And General | -$206,076 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $814,938 | TotalAmt |
| Program Services | $664,553 | ProgramServicesAmt |
| Management And General | $134,647 | ManagementAndGeneralAmt |
| Fundraising | $15,738 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,862,880 | TotalAmt |
| Program Services | $236,308 | ProgramServicesAmt |
| Management And General | $6,587,022 | ManagementAndGeneralAmt |
| Fundraising | $39,550 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,027,167 | TotalAmt |
| Program Services | $1,425,106 | ProgramServicesAmt |
| Management And General | $581,637 | ManagementAndGeneralAmt |
| Fundraising | $20,424 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $528,768 | TotalAmt |
| Program Services | $490,905 | ProgramServicesAmt |
| Management And General | $36,499 | ManagementAndGeneralAmt |
| Fundraising | $1,364 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $157,644 | TotalAmt |
| Program Services | $84,315 | ProgramServicesAmt |
| Management And General | $54,626 | ManagementAndGeneralAmt |
| Fundraising | $18,703 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,142,950 | TotalAmt |
| Program Services | $1,544,265 | ProgramServicesAmt |
| Management And General | $575,544 | ManagementAndGeneralAmt |
| Fundraising | $23,141 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,819,531 | TotalAmt |
| Program Services | $3,473,078 | ProgramServicesAmt |
| Management And General | $1,294,409 | ManagementAndGeneralAmt |
| Fundraising | $52,044 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,086,602 | TotalAmt |
| Management And General | $1,086,602 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| FOOD SERVICES | $1,920,479 | $1,920,479 | ||
| BAD DEBT WRITE-OFFS | $714,372 | $714,372 | ||
| EVENTS AND PROGRAMS | $326,890 | $265,331 | $11,474 | $50,085 |
| RESIDENT ASSISTANTS | $259,483 | $259,483 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $133,165 | TotalAmt |
| Program Services | $164,032 | ProgramServicesAmt |
| Management And General | -$182,219 | ManagementAndGeneralAmt |
| Fundraising | $151,352 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $78,179,269 | TotalAmt |
| Program Services | $57,528,527 | ProgramServicesAmt |
| Management And General | $19,992,130 | ManagementAndGeneralAmt |
| Fundraising | $658,612 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $988,670 | BOYAmt |
| EOY | $7,233,492 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,990,793 | BOYAmt |
| EOY | $1,664,494 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,072,781 | BOYAmt |
| EOY | $446,440 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $95,304 | BOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $381,633 | BOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $0 | LandBldgEquipCostOrOtherBssAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $68,213,733 | BOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,439,382 | BOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $219,891 | BOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,132,627 | BOYAmt |
| EOY | $2,130,723 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $107,534,814 | BOYAmt |
| EOY | $11,475,149 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,768,797 | BOYAmt |
| EOY | $7,028,869 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $715,773 | BOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $48,149,278 | BOYAmt |
| EOY | $1,070,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $932,339 | BOYAmt |
| EOY | $1,664,468 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $53,566,187 | BOYAmt |
| EOY | $9,763,337 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $32,961,459 | BOYAmt |
| EOY | $1,711,812 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,007,168 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $53,968,627 | BOYAmt |
| EOY | $1,711,812 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $107,534,814 | BOYAmt |
| EOY | $11,475,149 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$45,972,029 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$6,284,786 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $31,804,796 | BeginningYearBalanceAmt |
| Contributions | $14,540 | ContributionsAmt |
| Investment Earnings Or Losses | $1,704,824 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $21,100,760 | GrantsOrScholarshipsAmt |
| Other Expenditures | $12,423,400 | OtherExpendituresAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $39,117,750 | BeginningYearBalanceAmt |
| Contributions | $734,590 | ContributionsAmt |
| Investment Earnings Or Losses | $2,583,341 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $438,978 | GrantsOrScholarshipsAmt |
| Other Expenditures | $10,191,907 | OtherExpendituresAmt |
| End Year Balance | $31,804,796 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $48,000,292 | BeginningYearBalanceAmt |
| Contributions | $822,280 | ContributionsAmt |
| Investment Earnings Or Losses | -$4,515,580 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $394,340 | GrantsOrScholarshipsAmt |
| Other Expenditures | $4,794,902 | OtherExpendituresAmt |
| End Year Balance | $39,117,750 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $41,953,130 | BeginningYearBalanceAmt |
| Contributions | $121,253 | ContributionsAmt |
| Investment Earnings Or Losses | $10,031,155 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $266,253 | GrantsOrScholarshipsAmt |
| Other Expenditures | $3,838,993 | OtherExpendituresAmt |
| End Year Balance | $48,000,292 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $43,765,365 | BeginningYearBalanceAmt |
| Contributions | $123,210 | ContributionsAmt |
| Investment Earnings Or Losses | $802,083 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $201,391 | GrantsOrScholarshipsAmt |
| Other Expenditures | $2,536,137 | OtherExpendituresAmt |
| End Year Balance | $41,953,130 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.00000 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.00000 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.00000 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
| Total Book Value Land Buildings | $0 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DEPOSITS WITH BOND TRUSTEE | Desc |
| Book Value | $2,130,723 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $2,130,723 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER LIABILITIES | Desc |
| Amt | $1,664,468 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,664,468 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $23,835,490 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$6,284,786 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $2,886,431 | DonatedServicesAndUseFcltsAmt |
| Revenue Not Reported | -$3,398,355 | RevenueNotReportedAmt |
| Revenue Subtotal | $27,233,845 | RevenueSubtotalAmt |
| Other Revenues Not Included | $4,973,395 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $4,973,395 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $32,207,240 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $44,903,197 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $2,886,431 | DonatedServicesUseFcltsAmt |
| Other Expenses Included | $268,225 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $3,154,656 | ExpensesNotReportedAmt |
| Expenses Subtotal | $41,748,541 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $36,430,728 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $36,430,728 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $78,179,269 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART V, LINE 4: | THE PURPOSE OF THE UNIVERSITY'S ENDOWMENT FUND WAS TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS AND SCHOLARSHIPS SUPPORTED BY ITS ENDOWMENT AND FOR LONG-TERM FINANCIAL STABILITY. PROGRAMS SUPPORTED INCLUDE CENTERS THAT SUPPORTED OUR MISSION, FACULTY DEVELOPMENT, AND INTERNATIONAL EXPERIENCES FOR OUR STUDENTS. |
| PART X, LINE 2: | THE UNIVERSITY HAS RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE (IRS) INDICATING IT IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND IS SUBJECT TO FEDERAL AND STATE INCOME TAX ONLY ON NET UNRELATED BUSINESS INCOME. THE UNIVERSITY ENGAGES IN ACTIVITIES THAT ARE CONSIDERED UNRELATED TO ITS EXEMPT PURPOSE. THESE ACTIVITIES ARE SUBJECT TO FEDERAL AND STATE INCOME TAX. NO LOSS WAS GENERATED FROM THE ACTIVITIES IN FISCAL 2024. HOWEVER, THE UNIVERSITY HAS A NET OPERATING LOSS CARRY FORWARD OF $1,782,826 AVAILABLE TO OFFSET ANY TAXABLE INCOME FROM THESE UNRELATED ACTIVITIES. ACCORDINGLY, NO FEDERAL OR STATE TAX PROVISION IS REQUIRED. THE UNIVERSITY IS REQUIRED TO DETERMINE WHETHER A TRANSACTION OR EVENT MUST BE REPORTED IN A TAX RETURN AND TO EVALUATE WHETHER A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED ON A MORE-LIKELY-THAN-NOT THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. NO ADJUSTMENTS TO THE FINANCIAL STATEMENTS WERE REQUIRED AS A RESULT OF THIS REVIEW. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL ASSISTANCE REPORTED NET WITH REVENUE ON FINANCIAL STATEMENTS 12,110,058. RENTAL EXPENSES -268,225. LIQUIDATION ACCOUNTING ADJUSTMENT TO NET REALIZABLE VALUE OF PROPERTY, PLANT, AND EQUIPMENT -6,868,438. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | RENTAL EXPENSES 268,225. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL ASSISTANCE REPORTED NET WITH REVENUE ON FINANCIAL STATEMENTS 12,110,058. ACCRUAL OF LIQUIDATION COSTS FOR WAGES AND RELATED EXPENSES 311,124. ACCRUAL OF LIQUIDATION COSTS FOR OTHER OPERATING EXPENSES 3,470,271. LIQUDATION ACCOUNTING ADJUSTMENT TO REFLECT TRANSFERS TO CHARITABLE ORGANIZATIONS 20,539,275. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | 0 | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE E, PART I, LINE 3 | PRIOR TO CLOSING THE UNIVERSITY IN JUNE 2024, THE NON-DISCRIMINATORY POLICY WAS AVAILABLE ON THE UNIVERSITY'S WEBSITE. |
| SCHEDULE E, PART I, LINE 6 | CABRINI UNIVERSITY RECEIVED FUNDS FROM VARIOUS FEDERAL AND STATE GOVERNMENT AGENCIES UNDER THEIR RESPECTIVE STUDENT FINANCIAL AID ASSISTANCE PROGRAMS. FEDERAL PROGRAMS INCLUDED THE PELL GRANT PROGRAM, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT PROGRAM, COLLEGE WORK STUDY PROGRAM, TEACH GRANT PROGRAM, AND THE PERKINS LOAN PROGRAM. THE STATE PROGRAM IS THE PENNSYLVANIA HIGHER EDUCATION ASSISTANCE PROGRAM FOR STUDENTS. IN ADDITION, THE UNIVERSITY WAS AWARDED SPONSORED RESEARCH AND OTHER PROJECT GRANTS BY FEDERAL AND STATE GOVERNMENTAL AGENCIES. GENERAL SUPPORT WAS PROVIDED TO THE UNIVERSITY FROM THE STATE OF PENNSYLVANIA UNDER ITS INSTITUTIONAL ASSISTANCE GRANT PROGRAM TO PRIVATE COLLEGES AND UNIVERSITIES. IN CONNECTION WITH THE CLOSURE OF THE UNIVERSITY, THE FINAL DAY OF ACADEMIC INSTRUCTION (MAY 11, 2024) WAS THE FINAL DAY OF PARTICIPATION IN TITLE IV FEDERAL AID PROGRAMS. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (18 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|---|
| VILLANOVA UNIVERSITY | ||||||||
| 800 LANCASTER AVE | VILLANOVA | PA | 19085 | 231352688 | 501(C)(3) | $19,278,750 | $0 | TRANSFER OF NUMEROUS ENDOWED FUNDS FOR FUTURE STEWARDSHIP |
| STEPINAC HIGH SCHOOL FOUNDATION | ||||||||
| 950 MAMARONECK AVENUE | WHITE PLAINS | NY | 10605 | 133919454 | 501(C)(3) | $326,488 | $0 | TRANSFER OF MASTRONARDI SCHOLARSHIP FUND FOR FUTURE STEWARDSHIP |
| WHITE PLAINS HOSPITAL MEDICAL CENTER | ||||||||
| 41 E POST ROAD | WHITE PLAINS | NY | 106014607 | 131740130 | 501(C)(3) | $217,659 | $0 | TRANSFER OF MASTRONARDI SCHOLARSHIP FUND FOR FUTURE STEWARDSHIP |
| SACRED HEART ACADEMY | ||||||||
| 480 SOUTH BRYN MAWR AVENUE | BRYN MAWR | PA | 19010 | 231742113 | 501(C)(3) | $80,165 | $0 | TRANSFER OF UNICO- PHILADELPHIA CHAPTER SANTORA SCHOLARSHIP FUND FOR FUTURE STEWARDSHIP |
| THE SHELTER FOR ABUSED WOMEN AND CHILDREN | ||||||||
| PO BOX 10102 | NAPLES | FL | 34101 | 592752895 | 501(C)(3) | $75,158 | $0 | TRANSFER OF BARBARA AND JOHN JORDAN ENDOWMENT FOR FUTURE STEWARDSHIP |
| MERION MERCY ACADEMY | ||||||||
| 511 MONTGOMERGY AVENUE | MERION STATION | PA | 19066 | 231856810 | 501(C)(3) | $69,718 | $0 | TRANSFER OF FELICIA FALCONE FUND FOR FUTURE STEWARDSHIP |
| MARIST COLLEGE | ||||||||
| 3399 NORTH RD | POUGHKEEPSIE | NY | 126011350 | 141442493 | 501(C)(3) | $61,564 | $0 | TRANSFER OF MICHAEL & JENNIFER GUZZARDI SCHOLARSHIP FOR FUTURE STEWARDSHIP |
| LAUREL HOUSE | ||||||||
| PO BOX 764 | NORRISTOWN | PA | 19404 | 232172743 | 501(C)(3) | $50,000 | $0 | TRANSFER OF BARBARA AND JOHN JORDAN ENDOWMENT FOR FUTURE STEWARDSHIP |
| PROJECT SAFE | ||||||||
| PO BOX 465 | SHAWNEE | OK | 748020465 | 731264293 | 501(C)(3) | $50,000 | $0 | TRANSFER OF BARBARA AND JOHN JORDAN ENDOWMENT FOR FUTURE STEWARDSHIP |
| URSINUS COLLEGE | ||||||||
| 601 E MAIN ST | COLLEGEVILLE | PA | 194262509 | 231177930 | 501(C)(3) | $50,000 | $0 | TRANSFER OF BARBARA AND JOHN JORDAN ENDOWMENT FOR FUTURE STEWARDSHIP |
| THE GOLISANO CHILDREN'S MUSEUM OF NAPLES | ||||||||
| 15080 LIVINGSTON ROAD | NAPLES | FL | 34109 | 010687133 | 501(C)(3) | $50,000 | $0 | TRANSFER OF BARBARA AND JOHN JORDAN ENDOWMENT FOR FUTURE STEWARDSHIP |
| MICHAEL AND PATRICIA LEVITT FAMILY CHARITABLE FOUNDATION | ||||||||
| PO BOX 90708 | CAMDEN | NJ | 081010700 | 208140755 | 501(C)(3) | $46,048 | $0 | TRANSFER OF MICHELLE PERNA FUND FOR FUTURE STEWARDSHIP |
| TEMPLE UNIVERSITY | ||||||||
| 1330 POLLET WALK SUITE 100 | PHILADELPHIA | PA | 19122 | 231365971 | 501(C)(3) | $45,811 | $0 | TRANSFER OF AGNES BOSCO ORSATTI SCHOLARSHIP FUND FOR FUTURE STEWARDSHIP |
| MISSION KIDS CHILD ADVOCACY CENTER | ||||||||
| 969 TREAT AVE | SAN FRANCISCO | CA | 941103327 | 831478365 | 501(C)(3) | $40,000 | $0 | TRANSFER OF BARBARA AND JOHN JORDAN ENDOWMENT FOR FUTURE STEWARDSHIP |
| HELLENIC UNIVERSITY CLUB OF PHILADELPHIA | ||||||||
| PO BOX 42199 | PHILADELPHIA | PA | 191012199 | 237061731 | 501(C)(3) | $26,570 | $0 | TRANSFER OF PLATO MARINAKOS AWARD FOR PUBLIC HEALTH FUND FOR FUTURE STEWARDSHIP |
| NIAGARA UNIVERSITY | ||||||||
| LEWISTON ROAD | LEWISTON | NY | 14109 | 160755807 | 501(C)(3) | $25,000 | $0 | TRANSFER OF BARBARA AND JOHN JORDAN ENDOWMENT FOR FUTURE STEWARDSHIP |
| VASSAR COLLEGE | ||||||||
| 161 COLLEGE AVENUE BOX 725 | POUGHKEEPSIE | NY | 12603 | 141338587 | 501(C)(3) | $24,038 | $0 | TRANSFER OF PHILLIP COOK ASPIRING PLAYWRIGHT FUND FOR FUTURE STEWARDSHIP |
| CABRINI HIGH SCHOOL NEW ORLEANS | ||||||||
| 1400 MOSS ST | NEW ORLEANS | LA | 70119 | 721196967 | 501(C)(3) | $22,306 | $0 | TRANSFER OF CORBIN SICOLI BOOK FUND FOR FUTURE STEWARDSHIP |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 18 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | SCHOLARSHIPS | GrantTypeTxt |
| Recipient | 1107 | RecipientCnt |
| Cash Grant | $13,514,634 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | CABRINI UNIVERSITY OBTAINED THE APPROVAL OF THE COURT OF COMMON PLEAS OF CHESTER COUNTY, PENNSYLVANIA ORPHANS' COURT DIVISION TO TRANSFER ENDOWED FUNDS TO VARIOUS OTHER 501(C)(3) ORGANIZATIONS IN ACCORDANCE WITH DONOR WISHES. CABRINI UNIVERSITY ENTERED INTO WRITTEN AGREEMENTS WITH EACH DONOR TO DOCUMENT APPROVAL OF THE INTENDED RECEIVING ORGANIZATION. SUBSEQUENTLY, DONORS ENTERED INTO AGREEMENTS WITH THE GRANTEE ORGANIZATIONS TO DETERMINE HOW THEIR FUNDS WOULD BE ADMINISTERED AT THE RECIPIENT ORGANIZATION. SCHOLARSHIPS AND GRANTS FOR STUDENTS WERE APPLIED DIRECTLY TO THE STUDENT'S CABRINI UNIVERSITY ACCOUNT AND APPLIED TO TUITION AND FEES. ALL FINANCIAL AID WAS SUBJECT TO REVISION BASED ON AVAILABILITY, CHANGES IN FAMILY CONTRIBUTION, AND/OR CREDIT LOAD. SATISFACTORY ACADEMIC PROGRESS WAS REQUIRED TO BE MAINTAINED ACCORDING TO STANDARDS PRESCRIBED BY CABRINI UNIVERSITY. ANNUAL RENEWAL OF FINANCIAL AID WAS CONTINUOUS IF STUDENT CONTINUED TO DEMONSTRATE NEED, ALL REQUIRED DOCUMENTS WERE COMPLETED BY THE PUBLISHED DEADLINE, AND SATISFACTORY ACADEMIC PROGRESS WAS MAINTAINED CONSISTENT WITH THE CABRINI UNIVERSITY POLICY. RENEWAL OF AID WAS ALSO DEPENDENT ON THE AVAILABILITY OF FUNDS. SCHOLARSHIPS AND GRANTS WERE PROVIDED IN AN OBJECTIVE AND NONDISCRIMINATORY MANNER. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | Yes (1) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (8 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HELEN DRINAN | ||||||||||||||
| INTERIM PRESIDENT | $325,000 | $0 | $0 | $0 | $0 | $0 | $11,125 | $0 | $54,000 | $0 | $390,125 | $0 | $0 | $0 |
| ANGELA CAMPBELL | ||||||||||||||
| VP MISSION TO MAY 2024 | $161,018 | $0 | $0 | $0 | $0 | $0 | $11,550 | $0 | $15,426 | $0 | $187,994 | $0 | $0 | $0 |
| LYNDA BUZZARD | ||||||||||||||
| VP FINANCE & TREASURER | $169,645 | $0 | $0 | $0 | $0 | $0 | $6,638 | $0 | $10,905 | $0 | $187,188 | $0 | $0 | $0 |
| ERIN MCLAUGHLIN | ||||||||||||||
| ASSOCIATE DEAN TO JUNE 2024 | $158,738 | $0 | $0 | $0 | $0 | $0 | $8,832 | $0 | $16,016 | $0 | $183,586 | $0 | $0 | $0 |
| MICHELLE FILLING-BROWN | ||||||||||||||
| DEAN ACADEMIC AFFAIRS/PROVOST | $151,025 | $0 | $0 | $0 | $0 | $0 | $11,200 | $0 | $15,402 | $0 | $177,627 | $0 | $0 | $0 |
| JAMES COOPER | ||||||||||||||
| VP FINANCE & TREASURER TO NOV 2023 | $158,348 | $0 | $0 | $0 | $0 | $0 | $10,836 | $0 | $7,142 | $0 | $176,326 | $0 | $0 | $0 |
| MELISSA TERLECKI | ||||||||||||||
| ASSOCIATE DEAN TO JUNE 2024 | $137,976 | $0 | $0 | $0 | $0 | $0 | $8,813 | $0 | $11,246 | $0 | $158,035 | $0 | $0 | $0 |
| CATHERINE CORCORAN | ||||||||||||||
| VP STUDENT EXPERIENCE TO JUNE 2024 | $139,244 | $0 | $0 | $0 | $0 | $0 | $9,800 | $0 | $7,961 | $0 | $157,005 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | HELEN DRINAN, INTERIM PRESIDENT - RESIDENCE FOR PERSONAL USE: THE UNIVERSITY REQUIRES ITS INTERIM PRESIDENT TO LIVE IN A RESIDENCE ON CAMPUS. THE ANNUAL RENTAL VALUE OF THE RESIDENCE IS NOT TREATED AS TAXABLE COMPENSATION TO THE INTERIM PRESIDENT. THE ANNUAL RENTAL VALUE OF THE RESIDENCE IS INCLUDED IN THE AMOUNT REPORTED ON SCHEDULE J, PART II, COLUMN (D). |
| PART I, LINE 4A | FORM 990, SCHEDULE J, PART I, LINE 4A: BRIAN EURY, CHIEF OF STAFF, WAS PAID $109,616 IN 2023 UNDER A SEVERANCE AGREEMENT. THIS AMOUNT WAS REPORTED AS TAXABLE INCOME AND IS INCLUDED IN THE AMOUNT REPORTED IN FORM 990, PART VII, COLUMN (D). |
Schedule N IRS990ScheduleN
Disposition Of Assets Detail DispositionOfAssetsDetail (19 entries)
| Assets Distri Or Expnss PaidAssetsDistriOrExpnssPaidDesc | DistributionDistributionDt | Fair Market Value Of AssetFairMarketValueOfAssetAmt | Method Of FMV DeterminationMethodOfFMVDeterminationTxt | EINEIN | Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | IRC SectionIRCSectionTxt |
|---|---|---|---|---|---|---|---|---|---|
| VILLANOVA UNIVERSITY | |||||||||
| LAND, BUILDINGS, AND EQUIPMENT | 2024-06-28 | $63,703,853 | FMV | 231352688 | 800 LANCASTER AVE | VILLANOVA | PA | 19085 | 501(C)(3) |
| VILLANOVA UNIVERSITY | |||||||||
| TRANSFER OF NUMEROUS ENDOWED FUNDS FOR FUTURE STEWARDSHIP | 2024-06-28 | $19,278,750 | CASH | 231352688 | 800 LANCASTER AVE | VILLANOVA | PA | 19085 | 501(C)(3) |
| STEPINAC HIGH SCHOOL FOUND | |||||||||
| TRANSFER OF MASTRONARDI SCHOLARSHIP FUND FOR FUTURE STEWARDSHIP | 2024-06-28 | $326,488 | CASH | 133919454 | 950 MAMARONECK AVENUE | WHITE PLAINS | NY | 10605 | 501(C)(3) |
| WHITE PLAINS HOSPITAL MEDICAL | |||||||||
| TRANSFER OF MASTRONARDI SCHOLARSHIP FUND FOR FUTURE STEWARDSHIP | 2024-06-28 | $217,659 | CASH | 131740130 | CENTER 41 E POST ROAD | WHITE PLAINS | NY | 106014607 | 501(C)(3) |
| SACRED HEART ACADEMY | |||||||||
| TRANSFER OF UNICO PHILADELPHIA CHAPTER SANTORA SCHOLARSHIP FUND FOR FUTURE STEWARDSHIP | 2024-06-28 | $80,165 | CASH | 231742113 | 480 SOUTH BRYN MAWR AVENUE | BRYN MAWR | PA | 19010 | 501(C)(3) |
| THE SHELTER FOR ABUSED WOMEN | |||||||||
| TRANSFER OF BARBARA AND JOHN JORDAN ENDOWMENT FOR FUTURE STEWARDSHIP | 2024-06-28 | $75,158 | CASH | 592752895 | AND CHILDREN PO BOX 10102 | NAPLES | FL | 34101 | 501(C)(3) |
| MERION MERCY ACADEMY | |||||||||
| TRANSFER OF FELICIA FALCONE FUND FOR FUTURE STEWARDSHIP | 2024-06-28 | $69,718 | CASH | 231856810 | 511 MONTGOMERGY AVENUE | MERION STATION | PA | 19066 | 501(C)(3) |
| MARIST COLLEGE | |||||||||
| TRANSFER OF MICHAEL & JENNIFER GUZZARDI SCHOLARSHIP FOR FUTURE STEWARDSHIP | 2024-06-28 | $61,564 | CASH | 141442493 | 3399 NORTH RD | POUGHKEEPSIE | NY | 126011350 | 501(C)(3) |
| LAUREL HOUSE | |||||||||
| TRANSFER OF BARBARA AND JOHN JORDAN ENDOWMENT FOR FUTURE STEWARDSHIP | 2024-06-28 | $50,000 | CASH | 232172743 | PO BOX 764 | NORRISTOWN | PA | 19404 | 501(C)(3) |
| PROJECT SAFE | |||||||||
| TRANSFER OF BARBARA AND JOHN JORDAN ENDOWMENT FOR FUTURE STEWARDSHIP | 2024-06-28 | $50,000 | CASH | 731264293 | PO BOX 465 | SHAWNEE | OK | 748020465 | 501(C)(3) |
| URSINUS COLLEGE | |||||||||
| TRANSFER OF BARBARA AND JOHN JORDAN ENDOWMENT FOR FUTURE STEWARDSHIP | 2024-06-28 | $50,000 | CASH | 231177930 | 601 E MAIN ST | COLLEGEVILLE | PA | 194262509 | 501(C)(3) |
| THE GOLISANO CHILDREN'S MUSEUM OF NAPLES | |||||||||
| TRANSFER OF BARBARA AND JOHN JORDAN ENDOWMENT FOR FUTURE STEWARDSHIP | 2024-06-28 | $50,000 | CASH | 010687133 | 15080 LIVINGSTON ROAD | NAPLES | FL | 34109 | 501(C)(3) |
| MICHAEL AND PATRICIA LEVITT | |||||||||
| TRANSFER OF MICHELLE PERNA FUND FOR FUTURE STEWARDSHIP | 2024-06-28 | $46,048 | CASH | 208140755 | FAMILY CHARITABLE FOUND PO | BOX CAMDEN | NJ | 08101 | 501(C)(3) |
| TEMPLE UNIVERSITY | |||||||||
| TRANSFER OF AGNES BOSCO ORSATTI SCHOLARSHIP FUND FOR FUTURE STEWARDSHIP | 2024-06-28 | $45,811 | CASH | 231365971 | 1330 POLLET WALK SUITE 100 | PHILADELPHIA | PA | 19122 | 501(C)(3) |
| MISSION KIDS CHILD ADVOCACY | |||||||||
| TRANSFER OF BARBARA AND JOHN JORDAN ENDOWMENT FOR FUTURE STEWARDSHIP | 2024-06-28 | $40,000 | CASH | 831478365 | CENTER 969 TREAT AVE | SAN FRANCISCO | CA | 941103327 | 501(C)(3) |
| HELLENIC UNIVERSITY CLUB OF | |||||||||
| TRANSFER OF PLATO MARINAKOS AWARD FOR PUBLIC HEALTH FUND FOR FUTURE STEWARDSHIP | 2024-06-28 | $26,570 | CASH | 237061731 | PHILADELPHIA PO BOX 42199 | PHILADELPHIA | PA | 191012199 | 501(C)(3) |
| NIAGARA UNIVERSITY | |||||||||
| TRANSFER OF BARBARA AND JOHN JORDAN ENDOWMENT FOR FUTURE STEWARDSHIP | 2024-06-28 | $25,000 | CASH | 160755807 | LEWISTON ROAD | LEWISTON | NY | 14109 | 501(C)(3) |
| VASSAR COLLEGE | |||||||||
| TRANSFER OF PHILLIP COOK ASPIRING PLAYWRIGHT FUND FOR FUTURE STEWARDSHIP | 2024-06-28 | $24,038 | CASH | 141338587 | 161 COLLEGE AVENUE BOX 725 | POUGHKEEPSIE | NY | 12603 | 501(C)(3) |
| CABRINI HIGH SCHOOL NEW | |||||||||
| TRANSFER OF CORBIN SICOLI BOOK FUND FOR FUTURE STEWARDSHIP | 2024-06-28 | $22,306 | CASH | 721196967 | ORLEANS 1400 MOSS ST | NEW ORLEANS | LA | 70119 | 501(C)(3) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Director Of Successor2 | 0 | DirectorOfSuccessor2Ind |
| Employee Of Successor2 | Yes (1) | EmployeeOfSuccessor2Ind |
| Owner Of Successor2 | 0 | OwnerOfSuccessor2Ind |
| Receive Compensation2 | 0 | ReceiveCompensation2Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II, LINE 2E: | FormAndLineReferenceDesc |
| Explanation | EXPLANATION OF INVOLVEMENT: LYNDA BUZZARD, TREASUER AND MICHELLE FILLING-BROWN, KEY EMPLOYEE OF CABRINI UNIVERSITY BECAME EMPLOYEES AT VILLANOVA UNIVERSITY IN THE ORDINARY COURSE OF BUSINESS FOLLOWING THE COMPLETION OF THE TRANSFER OF CABRINI UNIVERSITY'S ASSETS TO VILLANOVA UNIVERSITY. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART III, LINE 3 | IN JUNE 2023, CABRINI UNIVERSITY ANNOUNCED THAT THE 2023-2024 ACADEMIC YEAR WOULD BE THE FINAL YEAR OF OPERATIONS DUE TO CONTINUED DECLINES IN ENROLLMENT AND OPERATING DEFICITS. CABRINI UNIVERSITY HELD ITS FINAL COMMENCEMENT CEREMONY IN MAY 2024 AND MANAGEMENT IMPLEMENTED A PLANNED REDUCTION IN FORCE THAT ELIMINATED MOST OF THE UNIVERSITY'S FACULTY AND STAFF POSITIONS. |
| FORM 990, PART VI, SECTION A, LINE 1A | THE EXECUTIVE COMMITTEE CONSISTS OF THE PRESIDENT, THE BOARD CHAIR, THE BOARD VICE CHAIR, THE CHAIRS OF THE OTHER STANDING COMMITTEES AND SUCH OTHER TRUSTEES AS THE BOARD MAY DESIGNATE BY RESOLUTION. THE CHAIR OF THE BOARD SHALL BE THE CHAIR OF THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE SHALL HAVE AND EXERCISE ALL OF THE POWERS AND AUTHORITY OF THE BOARD, EXCEPT THAT IT SHALL NOT HAVE ANY POWER OR AUTHORITY AS THE THE FOLLOWING: (A) THE GRANTING OF DEGREES; (B) THE AUTHORIZATION OF THE UNIVERSITY TO INCUR INDEBTEDNESS OR TO MAKE EXTRAORDINARY AND UNBUDGETED EXPENDITURES IN EXCESS OF SUCH AMOUNT AS IS SET FROM TIME TO TIME BY THE BOARD OF TRUSTEES; (C) THE ENTERING INTO OF ANY MATERIAL COMMITMENT AFFECTING THE CAPITAL ASSETS OF THE UNIVERSITY, UNLESS SPECIFICALLY AUTHORIZED TO DO SO BY RESOLUTION OF THE BOARD; (D) THE SUBMISSION TO THE MEMBERS OF ANY ACTION REQUIRING APPROVAL OF MEMBERS UNDER NON-PROFIT CORPORATION LAWS; (E) THE CREATION OR FILLING OF VACANCIES IN THE BOARD; (F) THE ADOPTION, AMENDMENT OR REPEAL OF THE BYLAWS; (G) THE AMENDMENT OR REPEAL OF ANY RESOLUTION OF THE BOARD THAT BY ITS TERMS IS AMENDABLE OR REPEAL-ABLE ONLY BY THE BOARD; (H) ACTION ON MATTERS COMMITTED BY THE BYLAWS OR A RESOLUTION OF THE BOARD EXCLUSIVELY TO ANOTHER COMMITTEE OF THE BOARD. |
| FORM 990, PART VI, SECTION A, LINE 4 | ON MARCH 18, 2024, THE BYLAWS WERE AMENDED TO REDUCE THE MINIMUM NUMBER OF TRUSTEES FROM 12 TO 5, INCLUDING THE PRESIDENT OF THE UNIVERSITY AND THE CLASS A MEMBER (SEE SCHEDULE O DISCLOSURE FOR FORM 990, PART VI, SECTION A, LINE 6). |
| FORM 990, PART VI, SECTION A, LINE 6 | ALL THOSE SERVING IN THE OFFICE OF PROVINCIAL (CLASS A MEMBER) AND OF PROVINCIAL COUNCILOR (CLASS B MEMBERS) OF 'THE MISSIONARY SISTERS OF SACRED HEART OF JESUS, GUADALUPE PROVINCE' (MSC), ARE THE MEMBERS OF CABRINI UNIVERSITY. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE PROVINCIAL OF MSC (OR HER DESIGNEE) AND THE PRESIDENT OF THE UNIVERSITY ARE REQUIRED TO SERVE AS EX-OFFICIO VOTING TRUSTEES. ALL OTHER ELECTED VOTING TRUSTEES MUST BE AFFIRMED BY A VOTE OF THE MEMBERS. |
| FORM 990, PART VI, SECTION A, LINE 7B | THE MEMBERS MUST APPROVE THE FOLLOWING: (A) ANY CHANGES RECOMMENDED BY THE BOARD OF TRUSTEES IN THE PHILOSOPHY, OBJECTIVES AND PURPOSE OF THE UNIVERSITY; (B) THE SALE OR OTHER DISPOSITION OF ASSETS OR THE CREATION OF ANY LIEN ON ASSETS; (C) THE MERGER OR CONSOLIDATION OF THE UNIVERSITY; (D) THE DISSOLUTION OF THE UNIVERSITY; (E) ANY CHANGES TO THE ARTICLES OF INCORPORATION OR THE BYLAWS; (F) THE FINALISTS FOR THE OFFICE OF PRESIDENT; AND (G) THE USE OF THE NAME OF THE MISSIONARY SISTERS OF THE SACRED HEART OF JESUS IN CONNECTION WITH ANY INDEBTEDNESS. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 WAS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM WITH INFORMATION PROVIDED BY MANAGEMENT AND REVIEWED IN ITS ENTIRETY BY MEMBERS OF MANAGEMENT AND THE ENTIRE BOARD. AFTER APPROVAL BY THE BOARD, THE FORM 990 WAS FORMALLY FILED WITH THE FEDERAL GOVERNMENT. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE TRUSTEES, OFFICERS, VICE-PRESIDENTS, AND OTHER KEY PERSONNEL ARE ALL SUBJECT TO THE CONFLICT OF INTEREST (COI) POLICY AND MUST COMPLETE ANNUAL COI DISCLOSURE STATEMENTS. THE PRESIDENT OF THE UNIVERSITY DETERMINES WHO SHOULD BE CONSIDERED 'OTHER KEY PERSONNEL'. THE SECRETARY OF THE BOARD (SECRETARY) REVIEWS THE ANNUAL DISCLOSURE STATEMENTS TO DETERMINE WHETHER A MATERIAL FINANCIAL INTEREST HAS BEEN DISCLOSED. IF A MATERIAL FINANCIAL INTEREST HAS BEEN DISCLOSED, THE SECRETARY SHALL PROMPTLY SUBMIT TO THE CHAIR OF THE AUDIT, RISK, LEGAL COMPLIANCE COMMITTEE (ARLC) OR, IF THE INTERESTS INVOLVE THE CHAIR OF THE ARLC, ANOTHER MEMBER OF THE ARLC, SUCH DISCLOSURE FORMS TOGETHER WITH ANY ADDITIONAL INFORMATION ABOUT THE CURRENT OR PROPOSED TRANSACTION OR BUSINESS RELATIONSHIP THAT MAY GIVE RISE TO A CONFLICT OF INTEREST. THE ARLC SHALL REVIEW THE MATTER AND DETERMINE WHETHER THERE IS A CONFLICT OF INTEREST. IF THE ARLC DETERMINES A CONFLICT EXISTS, THERE WILL BE A FINAL REVIEW AND DECISION MADE BY THE ENTIRE BOARD. |
| FORM 990, PART VI, SECTION B, LINE 15A | FORM 990, PART VI, SECTION B, LINE 15A: COMPENSATION FOR CABRINI UNIVERSITY'S INTERIM PRESIDENT WAS DETERMINED AFTER A THOROUGH COMPENSATION COMPARATIVE ANALYSIS OF THE SPECIFIED JOB SCOPE WAS CONDUCTED. THE DATA SOURCES USED FOR COMPILATION OF SALARY STRUCTURES WERE COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION (CUPA) ADMINISTRATIVE SALARY SURVEYS, COMPARISON OF SALARIES TO ASPIRANT SCHOOLS, CHRONICLE OF HIGHER EDUCATION SALARY SURVEYS, BUREAU OF LABOR STATISTICS, AND OTHER INDEPENDENT COMPENSATION CONSULTANTS IF NEEDED. DUE TO EXTRAORDINARY CIRCUMSTANCES IN 2020 AND BEYOND, THE INTERIM PRESIDENT'S TOTAL COMPENSATION METHODOLOGY WAS ALTERED USING THE SAME COMPARATIVE DATA. THE EXECUTIVE COMPENSATION COMMITTEE AND THE INTERIM PRESIDENT PRESENTED THIS ADJUSTMENT TO THE BOARD FOR APPROVAL. THE INTERIM PRESIDENT'S SALARY AND OTHER COMPENSATION REQUIRED APPROVAL BY THE FULL BOARD. COMPENSATION DECISIONS FOR THE INTERIM PRESIDENT WERE DOCUMENTED IN THE MINUTES OF THE EXECUTIVE COMPENSATION COMMITTEE AND/OR BOARD MINUTES. THIS PROCESS LAST OCCURRED IN 2023. FORM 990, PART VI, SECTION B, LINE 15B: COMPENSATION FOR OTHER CABRINI UNIVERSITY OFFICERS AND KEY EMPLOYEES WAS DETERMINED AFTER A THOROUGH COMPENSATION COMPARATIVE ANALYSIS OF THE SPECIFIED JOB SCOPE WAS CONDUCTED. THE DATA SOURCES USED FOR COMPILATION OF SALARY STRUCTURES ARE COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION (CUPA) ADMINISTRATIVE SALARY SURVEYS, COMPARISON OF SALARIES TO ASPIRANT SCHOOLS, CHRONICLE OF HIGHER EDUCATION SALARY SURVEYS, BUREAU OF LABOR STATISTICS, AND OTHER INDEPENDENT COMPENSATION CONSULTANTS IF NEEDED. IN ADDITION, COMPENSATION FOR THESE EMPLOYEES WAS BASED ON HOW THEIR PERFORMANCE MEASURES AGAINST THEIR ANNUAL OBJECTIVES. ONCE THE SALARY SURVEY DATA WAS PRESENTED, THE INTERIM PRESIDENT REVIEWED THE DATA AND APPROVED THE FINAL PAY STRUCTURE OF THE SPECIFIED POSITION. THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD REVIEWED THE INTERIM PRESIDENT'S RECOMMENDATIONS BUT DID NOT APPROVE THESE EMPLOYEE'S SALARY OR OTHER COMPENSATION. THIS PROCESS LAST OCCURRED IN 2020. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE UNIVERSITY'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. |