Totals
- Total revenue
- $157,992,249
- Total expenses
- $156,394,641
- Contributions and grants received
- $24,258,331
- Grants paid
- $64,825,213
- Program service revenue
- $130,527,118
- Investment income
- $2,820,651
- Other revenue
- $386,149
- Total assets, end of year
- $343,217,002
- Total liabilities, end of year
- $162,974,927
- Net assets or fund balances, end of year
- $180,242,075
- Program services expenses (Part IX)
- $138,035,003
- Management and general expenses
- $17,357,680
- Fundraising expenses
- $1,001,958
- Program service expenses (Part III)
- $138,035,003
Program services were 88.3% 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.
-
1c · Fundraising events
$8,080
-
1e · Government grants (contributions)
$17,497,160
-
1f · All other contributions, gifts and grants
$6,753,091
-
1g · Noncash contributions included above
$261,272
-
2a · Program service revenue: TUITION AND FEES
total $106,488,737 · related or exempt $106,488,737
-
2b · Program service revenue: STUDENT HOUSING
total $15,296,774 · related or exempt $15,296,774
-
2c · Program service revenue: FOOD SERVICE
total $7,249,718 · related or exempt $7,249,718
-
2d · Program service revenue: BOOKSTORE
total $875,980 · related or exempt $875,980
-
2e · Program service revenue: ATHLETICS
total $403,352 · related or exempt $403,352
-
2f · All other program service revenue
total $212,557 · related or exempt $212,557
-
3 · Investment income
total $2,895,896 · unrelated business $11,708 · excluded $2,884,188
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $520,854
-
6b · Less rental expenses
real property $162,281
-
6c · Rental income or loss
real property $358,573 · personal property $0
-
6d · Net rental income or loss
total $358,573 · excluded $358,573
-
7a · Gross sales of assets other than inventory
securities $20,569,371 · other assets $20,335
-
7b · Less cost or other basis and sales expenses
securities $20,664,298 · other assets $653
-
7c · Gain or loss
securities -$94,927 · other assets $19,682
-
7d · Net gain or loss
total -$75,245 · related or exempt $19,682 · excluded -$94,927
-
8a · Fundraising events: gross income
$47,191
-
8a · Fundraising events: contributions included on line 1c
$8,080
-
8b · Fundraising events: direct expenses
$19,615
-
8c · Net income from fundraising events
total $27,576 · excluded $27,576
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $63,773,952 · program services $63,773,952
-
3 · Grants to foreign organizations and individuals
total $1,051,261 · program services $1,051,261
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $2,294,793 · program services $614,440 · management and general $1,395,187 · fundraising $285,166
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $35,734,246 · program services $30,949,876 · management and general $4,338,415 · fundraising $445,955
-
8 · Pension plan contributions
total $1,611,471 · program services $1,335,368 · management and general $250,998 · fundraising $25,105
-
9 · Other employee benefits
total $3,551,478 · program services $1,900,534 · management and general $1,615,806 · fundraising $35,138
-
10 · Payroll taxes
total $2,564,947 · program services $2,226,434 · management and general $304,885 · fundraising $33,628
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $141,382 · program services $4,037 · management and general $137,345
-
11c · Fees: accounting
total $115,262 · management and general $115,262
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $4,185 · fundraising $4,185
-
11f · Fees: investment management
total $398,922 · management and general $398,922
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $2,175,335 · program services $58,013 · management and general $2,117,322
-
13 · Office expenses
total $1,197,031 · program services $1,086,712 · management and general $107,420 · fundraising $2,899
-
14 · Information technology
total $2,971,963 · program services $864,903 · management and general $2,072,646 · fundraising $34,414
-
15 · Royalties
total $0
-
16 · Occupancy
total $7,927,860 · program services $7,789,253 · management and general $138,607
-
17 · Travel
total $8,088,386 · program services $8,065,264 · management and general $14,840 · fundraising $8,282
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $112,801 · program services $102,020 · management and general $10,781
-
20 · Interest
total $4,516,299 · program services $3,500,194 · management and general $1,016,105
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $6,624,637 · program services $5,134,032 · management and general $1,490,605
-
23 · Insurance
total $759,799 · program services $456,849 · management and general $302,950
-
24a · Other expenses: EQUIP RENTAL & MAINTENANCE
total $2,511,007 · program services $2,340,093 · management and general $170,914
-
24b · Other expenses: MERCHANDISE FOR RESALE
total $1,436,601 · program services $1,436,601
-
24c · Other expenses: ATHLETIC FEES/OFFICIALS/OTHE
total $1,295,078 · program services $1,289,952 · management and general $4,953 · fundraising $173
-
24d · Other expenses: CONSULTING/ACCREDITATION
total $1,187,246 · program services $1,017,647 · management and general $169,599
-
24e · All other expenses
total $4,348,699 · program services $3,037,568 · management and general $1,184,118 · fundraising $127,013
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $8,395,911 · end of year $3,219,050
-
2 · Savings and temporary cash investments
beginning of year $11,831,799 · end of year $1,097,685
-
3 · Pledges and grants receivable
beginning of year $3,651,386 · end of year $5,402,240
-
4 · Accounts receivable
beginning of year $1,649,738 · end of year $1,848,893
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $5,137,916 · end of year $6,968,482
-
10a · Land, buildings and equipment: cost or other basis
$325,433,140
-
10b · Land, buildings and equipment: accumulated depreciation
$115,345,745
-
10c · Land, buildings and equipment, net
beginning of year $185,955,351 · end of year $210,087,395
-
11 · Investments: publicly traded securities
beginning of year $85,834,924 · end of year $91,256,203
-
12 · Investments: other securities
beginning of year $18,262,193 · end of year $14,996,187
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $18,405,910 · end of year $8,340,867
-
17 · Accounts payable and accrued expenses
beginning of year $12,148,105 · end of year $9,127,714
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $3,034,768 · end of year $3,231,637
-
20 · Tax-exempt bond liabilities
beginning of year $140,600,079 · end of year $140,186,576
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $12,630,000 · end of year $10,429,000
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $0 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $134,679,135 · end of year $137,768,443
-
28 · Net assets with donor restrictions
beginning of year $36,033,041 · end of year $42,473,632
Mission and programs · 2022
Mission
THE UNIVERSITY IS AN INNOVATIVE, COEDUCATIONAL, INDEPENDENT INSTITUTION OFFERING UNDERGRADUATE AND GRADUATE STUDENTS A CAREER-FOCUSED EDUCATION MARKED BY INDIVIDUALIZED ATTENTION, CIVILITY, AND RESPECT FOR DIFFERENCE. THE UNIVERSITY BLENDS THE LIBERAL ARTS WITH CAREER EXPLORATION AND PLANNING, COMPLEMENTING A TRADITIONAL EDUCATION WITH APPLIED LEARNING BEYOND THE CLASSROOM. THE UNIVERSITY MEETS STUDENTS WHERE THEY ARE AND SUPPORTS AND CHALLENGES THEM TO BECOME REFLECTIVE AND ACCOMPLISHED INDIVIDUALS COMMITTED TO A LIFETIME OF LEARNING AND CONTRIBUTION. STUDENTS GRADUATE WITH THE COMPETENCE AND CONFIDENCE NEEDED TO ADDRESS CREATIVELY THE OPPORTUNITIES AND PROBLEMS FACING THEIR COMMUNITIES, THE NATION AND THE WORLD.
Activities or mission (Part I)
THE UNIVERSITY IS AN INDEPENDENT COEDUCATIONAL FOUR-YEAR UNIVERSITY, WHICH OFFERS MASTER'S, BACHELOR'S, AND ASSOCIATE'S DEGREES TO APPROX. 3,000 FULL TIME EQUIV STUDENTS.
-
STEVENSON UNIVERSITY IS A FOUR YEAR UNIVERSITY PROVIDING EDUCATIONAL SERVICES TO APPROXIMATELY 2,672 FULL TIME, 313 PART TIME AND 498 GRADUATE STUDENTS.
Expenses $73,209,790 · Revenue $130,546,800
-
THE NUMBER OF STUDENTS RECEIVING GRANTS IS AS FOLLOWS: PELL 905, SEOG 149, WORK STUDY 163, FEDERAL DIRECT SUB 1,643, FEDERAL DIRECT UNSUB 1,088, PARENT LOANS 688, AND STEVENSON GRANTS AND SCHOLARSHIPS 2,758.
Expenses $64,825,213 · Grants $64,825,213
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Elliot L HirshmanELLIOT L HIRSHMAN
PRESIDENT
- Total calculated
- $970,454
- From this org
- $846,795
- From related orgs
- $0
- Other
- $123,659
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $484,352
- Bonus
- $327,443
- Other
- $35,000
- Deferred
- $123,522
- Nontaxable benefits
- $137
- Filer's total
- $970,454
-
Melanie EdmondsonMELANIE EDMONDSON
VP OF ADMIN & FINANCE, CFO
- Total calculated
- $317,830
- From this org
- $296,217
- From related orgs
- $0
- Other
- $21,613
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $281,217
- Bonus
- $15,000
- Other
- $0
- Deferred
- $21,476
- Nontaxable benefits
- $137
- Filer's total
- $317,830
-
Susan GormanSUSAN GORMAN
EVP OF ACADEMIC AFFAIR/PROVOS
- Total calculated
- $288,660
- From this org
- $255,733
- From related orgs
- $0
- Other
- $32,927
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $240,733
- Bonus
- $15,000
- Other
- $0
- Deferred
- $18,972
- Nontaxable benefits
- $13,955
- Filer's total
- $288,660
-
Mark HerganMARK HERGAN
VP ENROLLMENT MANAGEMENT
- Total calculated
- $269,544
- From this org
- $239,001
- From related orgs
- $0
- Other
- $30,543
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $209,346
- Bonus
- $29,655
- Other
- $0
- Deferred
- $16,475
- Nontaxable benefits
- $14,068
- Filer's total
- $269,544
-
Christopher VaughanCHRISTOPHER VAUGHAN
VP UNIVERSITY ADVANCEMENT
- Total calculated
- $262,211
- From this org
- $245,629
- From related orgs
- $0
- Other
- $16,582
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $220,036
- Bonus
- $25,593
- Other
- $0
- Deferred
- $16,445
- Nontaxable benefits
- $137
- Filer's total
- $262,211
-
Antionette MarbrayANTIONETTE MARBRAY
VP LEGAL AFFAIRS/STATE&FED REG
- Total calculated
- $214,586
- From this org
- $196,181
- From related orgs
- $0
- Other
- $18,405
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $186,181
- Bonus
- $10,000
- Other
- $0
- Deferred
- $5,964
- Nontaxable benefits
- $12,441
- Filer's total
- $214,586
-
John BuettnerJOHN BUETTNER
VP MARKETING & DIGITAL COMM
- Total calculated
- $206,061
- From this org
- $192,672
- From related orgs
- $0
- Other
- $13,389
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $177,672
- Bonus
- $15,000
- Other
- $0
- Deferred
- $13,252
- Nontaxable benefits
- $137
- Filer's total
- $206,061
-
David JordanDAVID JORDAN
VP HUMAN RESOURCES
- Total calculated
- $195,355
- From this org
- $182,366
- From related orgs
- $0
- Other
- $12,989
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $172,366
- Bonus
- $10,000
- Other
- $0
- Deferred
- $12,852
- Nontaxable benefits
- $137
- Filer's total
- $195,355
-
Tiffany SanchezTIFFANY SANCHEZ
VP STUDENT AFFAIRS
- Total calculated
- $187,576
- From this org
- $159,433
- From related orgs
- $0
- Other
- $28,143
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $79,433
- Bonus
- $0
- Other
- $80,000
- Deferred
- $25,329
- Nontaxable benefits
- $2,814
- Filer's total
- $187,576
-
Meredith DurmowiczMEREDITH DURMOWICZ
SR AVP ACADEMIC AFFAIRS/RESEAR
- Total calculated
- $182,452
- From this org
- $155,783
- From related orgs
- $0
- Other
- $26,669
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $155,783
- Bonus
- $0
- Other
- $0
- Deferred
- $12,601
- Nontaxable benefits
- $14,068
- Filer's total
- $182,452
-
Sue KenneySUE KENNEY
VP AND CHIEF OF STAFF
- Total calculated
- $172,681
- From this org
- $155,103
- From related orgs
- $0
- Other
- $17,578
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $145,103
- Bonus
- $10,000
- Other
- $0
- Deferred
- $10,825
- Nontaxable benefits
- $6,753
- Filer's total
- $172,681
-
Amanda HolstakaAMANDA HOLSTAKA
DEAN SODAC/VICE PROVOST OUTREA
- Total calculated
- $161,655
- From this org
- $150,283
- From related orgs
- $0
- Other
- $11,372
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $150,283
- Bonus
- $0
- Other
- $0
- Deferred
- $11,235
- Nontaxable benefits
- $137
- Filer's total
- $161,655
-
Paul Mark Sandler EsqPAUL MARK SANDLER ESQ
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Robert C BrennanROBERT C BRENNAN
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Arthur F Bell Jr CPAARTHUR F BELL JR CPA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Sandra R BermanSANDRA R BERMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Robert D Biagiotti PEROBERT D BIAGIOTTI PE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Barbara BozzutoBARBARA BOZZUTO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
David A Burrows JrDAVID A BURROWS JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Samuel M Dell IIISAMUEL M DELL III
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Scott E DorseySCOTT E DORSEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Karen P GibbsKAREN P GIBBS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Herbert J HoelterHERBERT J HOELTER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Nancy C HubbleNANCY C HUBBLE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Sean A Isaac MDSEAN A ISAAC MD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Brenda Bowe Johnson PhDBRENDA BOWE JOHNSON PHD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Donna L KahoeDONNA L KAHOE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Blaire Aull MillerBLAIRE AULL MILLER
TRUSTEE EX OFFICIO
- Total calculated
- $0
- Hours/week
- 1
-
Meredith A MowenMEREDITH A MOWEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Candace OsunadeCANDACE OSUNADE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
T Scott PugatchT SCOTT PUGATCH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer Ward Reynolds CFAJENNIFER WARD REYNOLDS CFA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Margaret SheetzMARGARET SHEETZ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Kathleen SherKATHLEEN SHER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Anna L SmithANNA L SMITH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
James B Stradtner CFAJAMES B STRADTNER CFA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Justin TowlesJUSTIN TOWLES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Judith S Waranch EsqJUDITH S WARANCH ESQ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Orsia Foudos Young EsqORSIA FOUDOS YOUNG ESQ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
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
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 5a · Pay contingent on this organization's revenues
Answered no
- 4c · Equity-based compensation arrangement
- 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
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- HOUSING STIPEND
- SCHEDULE J, PART I, LINE 1A DR. ELLIOT HIRSHMAN PURCHASED HIS OWN RESIDENCE BUT RECEIVED A HOUSING ALLOWANCE OF $35,000 THIS YEAR FROM THE UNIVERSITY. THIS AMOUNT IS REPORTED AS TAXABLE COMPENSATION ON SCHEDULE J AND PART VII.
- SEVERANCE PAYMENT
- SCHEDULE J, PART I, LINE 4A TIFFANY SANCHEZ RECEIVED A SEVERANCE PAYMENT OF $80,000.
- SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN
- SCHEDULE J, PART I, LINE 4B ELLIOT HIRSHMAN AND TIFFANY SANCHEZ ARE ELIGIBLE TO PARTICIPATE IN A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) SPONSORED BY THE UNIVERSITY. DEFERRED COMPENSATION EARNED UNDER THIS PLAN IS REPORTED ON SCHEDULE J, PART I, COLUMN C ALONG WITH THE 403(B) PLAN INSTITUTIONAL PAYMENTS. SERP CONTRIBUTIONS WERE AS FOLLOWS: ELLIOT HIRSHMAN $100,000 TIFFANY SANCHEZ $20,000
- SCHEDULE J, PART I, LINE 5A
- CHRISTOPHER VAUGHAN, VP UNIVERSITY ADVANCEMENT RECEIVED A BONUS BASED ON FUNDRAISING OUTCOMES.
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.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
STUDENT DORMS · MD · assets $10,601,564
Directly controlled by STEVENSON UN
-
ATHLT FIELDS · MD · assets $29,019,109
Directly controlled by STEVENSON UN
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 10 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202431319349305373
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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