Totals
- Total revenue
- $53,300,151
- Total expenses
- $54,083,099
- Contributions and grants received
- $3,434,909
- Grants paid
- $19,324,813
- Program service revenue
- $49,048,488
- Investment income
- $114,222
- Other revenue
- $702,532
- Total assets, end of year
- $25,076,601
- Total liabilities, end of year
- $39,704,880
- Net assets or fund balances, end of year
- -$14,628,279
- Program services expenses (Part IX)
- $49,068,414
- Management and general expenses
- $4,390,860
- Fundraising expenses
- $623,825
- Program service expenses (Part III)
- $49,068,414
Program services were 90.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$1,162,099
-
1f · All other contributions, gifts and grants
$2,272,810
-
1g · Noncash contributions included above
$749,915
-
2a · Program service revenue: TUITION
total $41,373,004 · related or exempt $41,373,004
-
2b · Program service revenue: ROOM AND BOARD
total $7,167,440 · related or exempt $7,167,440
-
2c · Program service revenue: AUXILIARY INCOME
total $508,044 · related or exempt $508,044
-
3 · Investment income
total $59,702 · excluded $59,702
-
6a · Gross rents
real property $360,875
-
6b · Less rental expenses
real property $148,047
-
6c · Rental income or loss
real property $212,828
-
6d · Net rental income or loss
total $212,828 · excluded $212,828
-
7a · Gross sales of assets other than inventory
securities $17,715,956
-
7b · Less cost or other basis and sales expenses
securities $17,661,436
-
7c · Gain or loss
securities $54,520
-
7d · Net gain or loss
total $54,520 · excluded $54,520
-
11a · Other revenue: OTHER REVENUE
total $375,495 · excluded $375,495
-
11b · Other revenue: INSURANCE PROCEEDS
total $114,209 · excluded $114,209
-
11e · Other revenue, total
$489,704
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $19,324,813 · program services $19,324,813
-
5 · Compensation of officers, directors and key employees
total $511,000 · program services $132,650 · management and general $271,250 · fundraising $107,100
-
7 · Other salaries and wages
total $12,894,277 · program services $11,295,722 · management and general $1,344,141 · fundraising $254,414
-
8 · Pension plan contributions
total $24,360 · program services $21,900 · management and general $2,160 · fundraising $300
-
9 · Other employee benefits
total $1,335,650 · program services $1,022,938 · management and general $273,345 · fundraising $39,367
-
10 · Payroll taxes
total $1,391,902 · program services $822,313 · management and general $543,595 · fundraising $25,994
-
11b · Fees: legal
total $37,440 · management and general $37,440
-
11c · Fees: accounting
total $119,250 · management and general $119,250
-
11f · Fees: investment management
total $5,435 · management and general $5,435
-
11g · Fees: other
total $2,758,196 · program services $2,245,585 · management and general $458,111 · fundraising $54,500
-
12 · Advertising and promotion
total $1,127,345 · program services $1,114,172 · management and general $7,420 · fundraising $5,753
-
13 · Office expenses
total $948,342 · program services $715,476 · management and general $186,948 · fundraising $45,918
-
14 · Information technology
total $2,047,483 · program services $1,538,180 · management and general $461,243 · fundraising $48,060
-
15 · Royalties
total $6,087 · program services $6,087
-
16 · Occupancy
total $4,371,035 · program services $4,271,427 · management and general $99,608
-
17 · Travel
total $257,989 · program services $248,646 · management and general $9,268 · fundraising $75
-
19 · Conferences, conventions and meetings
total $2,433 · program services $2,433
-
20 · Interest
total $450,434 · program services $428,812 · management and general $21,622
-
22 · Depreciation, depletion and amortization
total $1,424,112 · program services $1,355,755 · management and general $68,357
-
23 · Insurance
total $122,500 · program services $122,500
-
24a · Other expenses: FOOD SERVICE
total $2,284,558 · program services $2,241,266 · management and general $9,366 · fundraising $33,926
-
24b · Other expenses: MISCELLANEOUS EXPENSES
total $869,487 · program services $604,084 · management and general $257,299 · fundraising $8,104
-
24c · Other expenses: EQUINE CENTER EXPENSES
total $719,882 · program services $719,882
-
24d · Other expenses: REPAIRS & MAINTENANCE
total $331,332 · program services $297,414 · management and general $33,918
-
24e · All other expenses
total $717,757 · program services $536,359 · management and general $181,084 · fundraising $314
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $286,221 · end of year $413,941
-
2 · Savings and temporary cash investments
beginning of year $1,066,558 · end of year $3,082,387
-
3 · Pledges and grants receivable
beginning of year $414,460 · end of year $384,401
-
4 · Accounts receivable
beginning of year $994,758 · end of year $1,273,177
-
9 · Prepaid expenses and deferred charges
beginning of year $281,084 · end of year $76,609
-
10a · Land, buildings and equipment: cost or other basis
$21,054,230
-
10b · Land, buildings and equipment: accumulated depreciation
$16,043,229
-
10c · Land, buildings and equipment, net
beginning of year $8,269,604 · end of year $5,011,001
-
11 · Investments: publicly traded securities
beginning of year $16,030,550 · end of year $14,749,862
-
15 · Other assets
beginning of year $846,328 · end of year $85,223
-
17 · Accounts payable and accrued expenses
beginning of year $5,226,298 · end of year $4,409,194
-
19 · Deferred revenue
beginning of year $1,124,316 · end of year $963,370
-
20 · Tax-exempt bond liabilities
beginning of year $14,995 · end of year $14,224
-
21 · Escrow or custodial account liability
beginning of year $109,518 · end of year $123,092
-
23 · Secured mortgages and notes payable
beginning of year $3,568,265 · end of year $4,000,000
-
24 · Unsecured notes and loans payable
beginning of year $1,647,382 · end of year $61,216
-
25 · Other liabilities
beginning of year $29,478,429 · end of year $30,133,784
-
27 · Net assets without donor restrictions
beginning of year -$24,727,781 · end of year -$28,831,729
-
28 · Net assets with donor restrictions
beginning of year $11,748,141 · end of year $14,203,450
Mission and programs · 2023
Mission
CENTENARY UNIVERSITY DELIVERS ACCREDITED DEGREE PROGRAMS AND COMPREHENSIVE LEARNING EXPERIENCES TO PREPARE STUDENTS FOR REGIONAL AND GLOBAL PROFESSIONS OF CRITICAL THOUGHT AND PURPOSEFUL ACTION WITHIN A SUPPORTIVE ENVIRONMENT IMMERSED IN A CULTURE OF SERVICE.
Activities or mission (Part I)
CENTENARY UNIVERSITY DELIVERS ACCREDITED DEGREE PROGRAMS AND COMPREHENSIVE LEARNING EXPERIENCES TO PREPARE STUDENTS FOR REGIONAL AND GLOBAL PROFESSIONS OF CRITICAL THOUGHT AND PURPOSEFUL ACTION WITHIN A SUPPORTIVE ENVIRONMENT IMMERSED IN A CULTURE OF SERVICE.SIGNIFICANT ACTIVITIES FOR THE YEAR INCLUDED EXPLORING NEW PROGRAMMATIC AND REVENUE GENERATING OPPORTUNITIES FOR THE UNIVERSITY. CENTENARY LAUNCHED ITS MASTER OF ARTS IN HAPPINESS STUDIES IN FALL 2022, DEVELOPED AN RN TO BSN PROGRAM SCHEDULED TO LAUNCH IN FALL 2023, ESTABLISHED A RELATIONSHIP WITH A LOCAL COMMUNITY COLLEGE TO HOUSE THEIR STUDENTS ON THE CENTENARY CAMPUS AND EXPLORING/DEVELOPING ACADEMIC PROGRAMMING FOR MIDDLE AND HIGH SCHOOL STUDENTS DURING THE SUMMER.
-
INSTRUCTIONAL: CENTENARY UNIVERSITY IS A COMMUNITY OF LEARNERS DISTINGUISHED BY A DIVERSE STUDENT BODY, A DEDICATED FACULTY AND STAFF AND STIMULATING EDUCATION OPPORTUNITIES. THE UNIVERSITY IS COMMITTED TO QUALITY LIBERAL ARTS AND CAREER STUDIES EDUCATION TO ENGAGE STUDENTS IN LEARNING AND PREPARE THEM FOR A SATISFYING CAREER, SUCCESSFUL LIVES, COMMUNITY SERVICE AND LIFELONG INTELLECTUAL PURSUITS. AS THE PRIMARY EDUCATIONAL AND CULTURAL RESOURCE OF NORTHWEST NEW JERSEY, CENTENARY OFFERS A RANGE OF UNDERGRADUATE, GRADUATE AND DOCTORATE PROGRAMS, AS WELL AS NON-DEGREE COURSES FOR PROFESSIONAL AND PERSONAL DEVELOPMENT.
Expenses $40,547,269 · Grants $19,324,813 · Revenue $41,373,004
-
AUXILIARY SERVICES AT CENTENARY UNIVERSITY ARE ORGANIZED TO SUPPORT STUDENT ACTIVITIES AND PROVIDE STUDENT HOUSING AND OTHER FACILITIES AND SERVICES FOR THE BENEFIT OF CENTENARY UNIVERSITY STUDENTS. UNIVERSITY DORMITORIES CONSIST OF 8 RESIDENCE HALLS AND PROVIDE LIVING QUARTERS FOR APPROXIMATELY 756 STUDENTS. AUXILIARY SERVICES ALSO PROVIDE RECREATIONAL FACILITIES, IN-PERSON AND REMOTE EVENTS, WELLNESS AND DINING SERVICES, PARKING, AND OTHER STUDENT SERVICES.
Expenses $8,521,145 · Revenue $7,675,484
As filed on the 2023 return.
Listed in Part VII
-
John JohnsonJOHN JOHNSON
CHAIR
- Total calculated
- $0
- Hours/week
- 3
-
Rochelle Makela-GoodmanROCHELLE MAKELA-GOODMAN
CHAIR, THRU
- Total calculated
- $0
- Hours/week
- 3
-
Michael T CatapanoMICHAEL T CATAPANO
1ST VICE CHAIR
- Total calculated
- $0
- Hours/week
- 3 + 1 related
-
Cathleen CompoliCATHLEEN COMPOLI
2ND VICE CHAIR
- Total calculated
- $0
- Hours/week
- 3
-
David D DallasDAVID D DALLAS
3RD VICE CHAIR
- Total calculated
- $0
- Hours/week
- 3
-
David JohnsonDAVID JOHNSON
TREASURER
- Total calculated
- $0
- Hours/week
- 3 + 1 related
-
Drew WintembergDREW WINTEMBERG
SECRETARY
- Total calculated
- $0
- Hours/week
- 3
-
Audrey Bonaparte-WattsAUDREY BONAPARTE-WATTS
SECRETARY, THRU
- Total calculated
- $0
- Hours/week
- 3
-
Carol Valentine AllenCAROL VALENTINE ALLEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Lester AronLESTER ARON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Mark AvondoglioMARK AVONDOGLIO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Denise BlasevickDENISE BLASEVICK
TRUSTEE, THRU
- Total calculated
- $0
- Hours/week
- 3
-
Ron GarriquesRON GARRIQUES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Joyce HansenJOYCE HANSEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Giovanna KanuGIOVANNA KANU
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Dr Phil LinfanteDR PHIL LINFANTE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Dr Denise LittletonDR DENISE LITTLETON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Fred MangioneFRED MANGIONE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Muriel F MillmanMURIEL F MILLMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
A Lynn MoranA LYNN MORAN
TRUSTEE, THRU
- Total calculated
- $0
- Hours/week
- 3
-
Nancy J PaffendorfNANCY J PAFFENDORF
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Darlene PanzittaDARLENE PANZITTA
TRUSTEE, THRU
- Total calculated
- $0
- Hours/week
- 3
-
Esther PoulsenESTHER POULSEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Sunita PradhanSUNITA PRADHAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Angela Rodriguez-MooreANGELA RODRIGUEZ-MOORE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Dr Wendy RossDR WENDY ROSS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Bishop John R ScholBISHOP JOHN R SCHOL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Alden SiegelALDEN SIEGEL
TRUSTEE, THRU
- Total calculated
- $0
- Hours/week
- 3
-
Timothy SmithTIMOTHY SMITH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Vicki SylvainVICKI SYLVAIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Robert M Weinstein PhDROBERT M WEINSTEIN PHD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Dr Edward YawDR EDWARD YAW
TRUSTEE, THRU
- Total calculated
- $0
- Hours/week
- 3
-
Jill ZinckgrafJILL ZINCKGRAF
TRUSTEE, THRU
- Total calculated
- $0
- Hours/week
- 3
-
Dr Dale CaldwellDR DALE CALDWELL
PRESIDENT
- Total calculated
- $212,146
- From this org
- $151,359
- From related orgs
- $0
- Other
- $60,787
- Hours/week
- 35 + 1 related
Schedule J breakdown matched by us
- Base
- $146,859
- Bonus
- $0
- Other
- $4,500
- Deferred
- $0
- Nontaxable benefits
- $60,787
- Filer's total
- $212,146
-
Denton StargelDENTON STARGEL
VP BUSINESS & FINANCE/CFO
- Total calculated
- $210,593
- From this org
- $196,561
- From related orgs
- $0
- Other
- $14,032
- Hours/week
- 35 + 1 related
Schedule J breakdown matched by us
- Base
- $188,511
- Bonus
- $5,000
- Other
- $3,050
- Deferred
- $0
- Nontaxable benefits
- $14,032
- Filer's total
- $210,593
-
Robert MillerROBERT MILLER
VP ENROLLMENT MANAGMENT
- Total calculated
- $154,020
- From this org
- $142,176
- From related orgs
- $0
- Other
- $11,844
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $142,176
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $11,844
- Filer's total
- $154,020
-
Kerry Mullins-MontaneKERRY MULLINS-MONTANE
VP STUDENT LIFE/DEAN OF STUDENTS
- Total calculated
- $201,374
- From this org
- $145,613
- From related orgs
- $0
- Other
- $55,761
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $145,613
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $55,761
- Filer's total
- $201,374
-
Vincent BilelloVINCENT BILELLO
CONTROLLER
- Total calculated
- $103,497
- From this org
- $103,437
- From related orgs
- $0
- Other
- $60
- Hours/week
- 35
-
Lisa Plantamura Dean ForLISA PLANTAMURA DEAN FOR
INNOVATION & INSTRUCTIONAL DESIGN
- Total calculated
- $113,741
- From this org
- $101,850
- From related orgs
- $0
- Other
- $11,891
- Hours/week
- 35
-
Bruce MurphyBRUCE MURPHY
FORMER PRESIDENT
- Total calculated
- $179,621
- From this org
- $178,694
- From related orgs
- $0
- Other
- $927
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $175,694
- Bonus
- $0
- Other
- $3,000
- Deferred
- $0
- Nontaxable benefits
- $927
- Filer's total
- $179,621
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · Housing allowance or residence for personal use
- 1a · Personal services (maid, chauffeur, chef)
- 1b · Written policy on the line-1a expenses
- 3 · Compensation committee
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 7 · Other non-fixed payments
Answered no
- 2 · Substantiation required before reimbursing expenses
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 1A
- DR. DALE CALDWELL, PRESIDENT AND KERRY MULLINS-MONTANE, VICE PRESIDENT OF STUDENT LIFE AND DEAN OF STUDENTS, EACH RECEIVED A RESIDENCE ON UNIVERSITY PREMISES FOR THEIR USE, AS A CONDITION OF THEIR EMPLOYMENT AND AS INCLUDED IN THEIR CONTRACTS. THIS BENEFIT WAS TREATED AS NONTAXABLE AS IT MET THE CONDITIONS OF SECTION 119 OF THE INTERNAL REVENUE CODE. BRUCE MURPHY, PRESIDENT RECEIVES HOUSEKEEPING SERVICES AT HIS RESIDENCE WHICH IS TREATED AS NONTAXABLE WORKING CONDITION FRINGE BENEFITS UNDER SECTION 132 OF THE INTERNAL REVENUE CODE.
- PART I, LINE 7
- BRUCE MURPHY, PRESIDENT, RECEIVED A BONUS IN CALENDAR YEAR 2022, AS REPORTED IN PART II, COLUMN B(II).
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
CENTENARY EQUESTRIAN FOUNDATION LLC
501(C)(3) · UNIVERSITY REAL ESTATE · NJ · controlled entity
Directly controlled by CENTENARY UNIVERSITY
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202521369349300007
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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