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Nonprofiteer
← MONMOUTH UNIVERSITY INC

Form 990 for tax year 2024

Filed by MONMOUTH UNIVERSITY INC.

Totals

Total revenue
$277,354,524
Total expenses
$270,018,020
Contributions and grants received
$21,690,680
Grants paid
$86,987,765
Program services expenses (Part IX)
$226,906,968
Management and general expenses
$40,264,133
Fundraising expenses
$2,846,919
Program service expenses (Part III)
$226,906,968

Program services were 84.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • PATRICK F LEAHY

    PRESIDENT

    Total calculated
    $1,155,725
    From this org
    $943,171
    From related orgs
    $0
    Other
    $212,554
    Hours/week
    63 + 7 related

    Schedule J breakdown matched by us

    Base
    $632,715
    Bonus
    $300,000
    Other
    $10,456
    Deferred
    $27,600
    Nontaxable benefits
    $184,954
    Filer's total
    $1,155,725

  • CHRISTOPHER D MAHER

    TRUSTEE AND CHAIRMAN

    Total calculated
    $0
    Hours/week
    7

  • LESLIE N HITCHNER

    TRUSTEE AND VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • TASHA ANN YOUNGBLOOD BROWN

    TRUSTEE AND VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    7

  • STEPHEN E GERARD

    TRUSTEE AND TREASURER

    Total calculated
    $0
    Hours/week
    5

  • DEAN Q LIN

    TRUSTEE AND SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • MILES AUSTIN III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL V BENEDETTO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JOHN A BROCKRIEDE JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JOHN C CONOVER III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KARYN F CUSANELLI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MARY VADEN EISENSTADT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JEREMY GRUNIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KANESHA K JONES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • RAYMOND G KLOSE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • GEORGE KOLBER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARI C KOVACH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • NANCY A LEIDERSDORFF

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ALAINA L LOVE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • LISA MCKEAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • THOMAS J MICHELLI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • VALERIE MONTECALVO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • TAVIT O NAJARIAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BAYAAN A OLUYADI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DAVID A REALE

    TRUSTEE (AS OF 07/2024)

    Total calculated
    $0
    Hours/week
    1

  • ROCIO F SEREY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CHRISTOPHER W SHAW

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MARK SKESAVAGE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CAROL A STILLWELL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARIANNE HESSE

    LIFE TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • HAROLD L HODES

    LIFE TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM B ROBERTS

    LIFE TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • RICHARD F VEIT JR - PROVOST

    & SENIOR VP FOR ACADEMIC AFFAIRS

    Total calculated
    $385,900
    From this org
    $315,052
    From related orgs
    $0
    Other
    $70,848
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $303,488
    Bonus
    $0
    Other
    $11,564
    Deferred
    $25,144
    Nontaxable benefits
    $45,704
    Filer's total
    $385,900

  • CHARLENE K DIANA

    VP AND GENERAL COUNSEL

    Total calculated
    $359,779
    From this org
    $299,558
    From related orgs
    $0
    Other
    $60,221
    Hours/week
    55 + 5 related

    Schedule J breakdown matched by us

    Base
    $298,499
    Bonus
    $0
    Other
    $1,059
    Deferred
    $24,098
    Nontaxable benefits
    $36,123
    Filer's total
    $359,779

  • ROBERT MCCAIG

    VP ENROLLMENT MANAGEMENT & MARKETING

    Total calculated
    $349,839
    From this org
    $279,453
    From related orgs
    $0
    Other
    $70,386
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $277,286
    Bonus
    $0
    Other
    $2,167
    Deferred
    $23,249
    Nontaxable benefits
    $47,137
    Filer's total
    $349,839

  • AMANDA M KLAUS

    VP UNIVERSITY ADVANCEMENT

    Total calculated
    $338,107
    From this org
    $285,994
    From related orgs
    $0
    Other
    $52,113
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $285,744
    Bonus
    $0
    Other
    $250
    Deferred
    $23,167
    Nontaxable benefits
    $28,946
    Filer's total
    $338,107

  • JAMES PILLAR

    VP FOR STUDENT LIFE

    Total calculated
    $270,855
    From this org
    $221,637
    From related orgs
    $0
    Other
    $49,218
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $219,358
    Bonus
    $0
    Other
    $2,279
    Deferred
    $17,878
    Nontaxable benefits
    $31,340
    Filer's total
    $270,855

  • JENNIFER SANSEVERO

    DIRECTOR OF ATHLETICS

    Total calculated
    $324,349
    From this org
    $270,654
    From related orgs
    $0
    Other
    $53,695
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $265,507
    Bonus
    $0
    Other
    $5,147
    Deferred
    $22,207
    Nontaxable benefits
    $31,488
    Filer's total
    $324,349

  • DAVID GOLLAND - DEAN OF

    SCH. OF HUMANITIES & SOCIAL SCIENCES

    Total calculated
    $297,385
    From this org
    $233,918
    From related orgs
    $0
    Other
    $63,467
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $232,974
    Bonus
    $0
    Other
    $944
    Deferred
    $19,460
    Nontaxable benefits
    $44,007
    Filer's total
    $297,385

  • SUSAN GUPTA

    ASSOCIATE PROVOST

    Total calculated
    $291,014
    From this org
    $224,582
    From related orgs
    $0
    Other
    $66,432
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $220,800
    Bonus
    $0
    Other
    $3,782
    Deferred
    $18,632
    Nontaxable benefits
    $47,800
    Filer's total
    $291,014

  • JOHN SONN - ASSOCIATE VP

    & CHIEF INFORMATION OFFICER

    Total calculated
    $250,411
    From this org
    $231,900
    From related orgs
    $0
    Other
    $18,511
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $214,927
    Bonus
    $0
    Other
    $16,973
    Deferred
    $17,194
    Nontaxable benefits
    $1,317
    Filer's total
    $250,411

  • TIMOTHY ORR - EXEC DIR

    CAMPUS PLANNING / FACILITIES

    Total calculated
    $235,404
    From this org
    $204,564
    From related orgs
    $0
    Other
    $30,840
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $203,548
    Bonus
    $0
    Other
    $1,016
    Deferred
    $16,418
    Nontaxable benefits
    $14,422
    Filer's total
    $235,404

  • JOSEPH PINGITORE

    ASSOCIATE VP FINANCE AND BUDGETS

    Total calculated
    $225,930
    From this org
    $203,226
    From related orgs
    $0
    Other
    $22,704
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $202,306
    Bonus
    $0
    Other
    $920
    Deferred
    $16,545
    Nontaxable benefits
    $6,159
    Filer's total
    $225,930

  • MARY BYRNE

    ASSOCIATE VP AND CONTROLLER

    Total calculated
    $225,458
    From this org
    $207,493
    From related orgs
    $0
    Other
    $17,965
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $206,819
    Bonus
    $0
    Other
    $674
    Deferred
    $16,545
    Nontaxable benefits
    $1,420
    Filer's total
    $225,458

  • ROBYN SALVO - ASSOCIATE

    VP HUMAN RESOURCES (THRU 10/2024)

    Total calculated
    $215,255
    From this org
    $176,778
    From related orgs
    $0
    Other
    $38,477
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $154,290
    Bonus
    $0
    Other
    $22,488
    Deferred
    $14,326
    Nontaxable benefits
    $24,151
    Filer's total
    $215,255

  • KATHLEEN STEIN

    ASSOCIATE VP HUMAN RESOURCES

    Total calculated
    $205,350
    From this org
    $162,058
    From related orgs
    $0
    Other
    $43,292
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $159,284
    Bonus
    $0
    Other
    $2,774
    Deferred
    $13,179
    Nontaxable benefits
    $30,113
    Filer's total
    $205,350

  • KING D RICE

    HEAD MENS BASKETBALL COACH

    Total calculated
    $703,137
    From this org
    $629,809
    From related orgs
    $0
    Other
    $73,328
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $541,846
    Bonus
    $0
    Other
    $87,963
    Deferred
    $27,600
    Nontaxable benefits
    $45,728
    Filer's total
    $703,137

  • PRAKASAM R DEVASAGAYAM

    DEAN OF BUSINESS SCHOOL

    Total calculated
    $372,581
    From this org
    $302,851
    From related orgs
    $0
    Other
    $69,730
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $299,747
    Bonus
    $0
    Other
    $3,104
    Deferred
    $24,735
    Nontaxable benefits
    $44,995
    Filer's total
    $372,581

  • KEVIN J CALLAHAN

    HEAD FOOTBALL COACH

    Total calculated
    $330,600
    From this org
    $275,735
    From related orgs
    $0
    Other
    $54,865
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $257,871
    Bonus
    $0
    Other
    $17,864
    Deferred
    $22,324
    Nontaxable benefits
    $32,541
    Filer's total
    $330,600

  • PATRICK MURRAY

    DIRECTOR POLLING INSTITUTE

    Total calculated
    $315,455
    From this org
    $255,768
    From related orgs
    $0
    Other
    $59,687
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $251,805
    Bonus
    $0
    Other
    $3,963
    Deferred
    $20,490
    Nontaxable benefits
    $39,197
    Filer's total
    $315,455

  • ANTHONY MACDONALD

    DIRECTOR URBAN COAST INSTITUTE

    Total calculated
    $299,250
    From this org
    $261,067
    From related orgs
    $0
    Other
    $38,183
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $250,656
    Bonus
    $0
    Other
    $10,411
    Deferred
    $20,477
    Nontaxable benefits
    $17,706
    Filer's total
    $299,250

  • EDWARD CHRISTENSEN

    ASSOCIATE PROFESSOR

    Total calculated
    $313,260
    From this org
    $253,935
    From related orgs
    $0
    Other
    $59,325
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $218,728
    Bonus
    $0
    Other
    $35,207
    Deferred
    $19,754
    Nontaxable benefits
    $39,571
    Filer's total
    $313,260

  • REKHA DATTA

    PROFESSOR

    Total calculated
    $273,507
    From this org
    $251,101
    From related orgs
    $0
    Other
    $22,406
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $246,798
    Bonus
    $0
    Other
    $4,303
    Deferred
    $19,833
    Nontaxable benefits
    $2,573
    Filer's total
    $273,507

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 — 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 · First-class or charter travel
  • 1a · Tax indemnification and gross-up payments
  • 1a · Housing allowance or residence for personal use
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 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
HOUSING ALLOWANCE OR RESIDENCE FOR THE BENEFIT AND CONVENIENCE OF THE UNIVERSITY IN HAVING THE FUNCTIONS OF THE OFFICE OF THE PRESIDENT EFFICIENTLY DISCHARGED AND AS A CONDITION OF EMPLOYMENT, THE PRESIDENT IS REQUIRED BY THE BOARD OF TRUSTEES TO RESIDE IN A HOME LOCATED ON CAMPUS AND PROVIDED BY THE UNIVERSITY AT ITS EXPENSE. THE VALUE OF THE PRESIDENT'S RESIDENCE FOR PERSONAL USE OF $62,536 IS REPORTED AS NON-TAXABLE COMPENSATION IN SCHEDULE J, PART II, COLUMN D. GROSS-UP PAYMENTS MINIMAL GROSS-UP PAYMENTS WERE MADE TO THE PRESIDENT PURSUANT TO THE TERMS OF HIS EMPLOYMENT CONTRACT. THESE PAYMENTS ARE REPORTED IN SCHEDULE J, PART II, COLUMN (B)(III). HEALTH OR SOCIAL CLUB DUES THE BOARD OF TRUSTEES REQUIRES THE UNIVERSITY TO MAINTAIN A MEMBERSHIP WITH A LOCAL GOLF CLUB SOLELY TO BE USED FOR UNIVERSITY FUNDRAISING, FRIEND RAISING AND OTHER UNIVERSITY BUSINESS. THE PRESIDENT HELD THIS MEMBERSHIP DURING THE YEAR. THE VALUE OF THE PRESIDENT'S MEMBERSHIP HELD DURING THE YEAR IN THE AMOUNT OF $31,033 IS REPORTED AS A NONTAXABLE BENEFIT IN SCHEDULE J, PART II, COLUMN D.
PART I, LINE 4B
DURING THE YEAR, PATRICK F. LEAHY, PRESIDENT, PARTICIPATED IN A SUPPLEMENTAL 457(F) NONQUALIFIED RETIREMENT PLAN. UNDER THE AGREEMENT, SCHEDULED ANNUAL CONTRIBUTIONS WILL BE MADE BY THE UNIVERSITY BEGINNING IN JUNE 2025 THROUGH JUNE 2029. AMOUNTS CONTRIBUTED PLUS APPLICABLE INVESTMENT EARNINGS WILL BE SUBJECT TO FORFEITURE UNTIL VESTING BEGINS IN 2027, CONTINGENT ON CONTINUOUS EMPLOYMENT THROUGHOUT THE PERIOD. AMOUNTS CONTRIBUTED AFTER JUNE 30, 2027 WILL VEST FULLY ON JUNE 30, 2029.
PART I, LINE 7
THE PRESIDENT RECEIVED A BONUS UNDER THE TERMS OF HIS EMPLOYMENT CONTRACT WHICH IS MADE AT THE DISCRETION OF THE BOARD OF TRUSTEES.

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

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.

Provenance

Return type
form_990
Tax year
2024
Filed
1 May 2026
IRS schema version
2024v5.5
Source object
202611219349302201

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