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Nonprofiteer
← MOLLOY UNIVERSITY

Form 990 for tax year 2023

Filed by MOLLOY UNIVERSITY.

Totals

Total revenue
$178,079,948
Total expenses
$170,888,843
Contributions and grants received
$8,230,322
Grants paid
$40,877,581
Program service revenue
$159,688,661
Investment income
$8,797,221
Other revenue
$1,363,744
Total assets, end of year
$255,940,839
Total liabilities, end of year
$125,919,103
Net assets or fund balances, end of year
$130,021,736
Program services expenses (Part IX)
$144,658,450
Management and general expenses
$24,594,037
Fundraising expenses
$1,636,356
Program service expenses (Part III)
$144,658,450

Program services were 84.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • JAMES P LENTINI

    PRESIDENT

    Total calculated
    $604,683
    From this org
    $525,078
    From related orgs
    $0
    Other
    $79,605
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $414,156
    Bonus
    $12,500
    Other
    $98,422
    Deferred
    $21,577
    Nontaxable benefits
    $58,028
    Filer's total
    $604,683

  • JOHN P MCENTEE

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • SR MARGARET MCVETTY

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • JOHN J BISHAR JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SAMMY CHU

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DIANE ESPOSITO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MAUREEN EVERS-WILLOX

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • LAURA FARAHANI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JOSEPH J FENNESSY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • NICOLETTE FIORE-LOPEZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KEVIN G GERSHOWITZ

    TRUSTEE (AS OF 05/2024)

    Total calculated
    $0
    Hours/week
    1

  • JEFFREY H GREENFIELD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DAVID M HAGAN

    TRUSTEE (THRU 05/2024)

    Total calculated
    $0
    Hours/week
    1

  • DANIEL F HINES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • S ZAKI HOSSAIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SHARI JAMES-PIERRE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SR ANNE-MARIE KIRMSE

    TRUSTEE (THRU 05/2024)

    Total calculated
    $0
    Hours/week
    1

  • SR PATRICIA KOEHLER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • WAYNE H LIPTON

    TRUSTEE (AS OF 07/2023)

    Total calculated
    $0
    Hours/week
    1

  • TIMOTHY MOONEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • COREY MUIRHEAD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KENNETH J PRITCHARD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SUSAN SANTORO

    TRUSTEE (THRU 05/2024)

    Total calculated
    $0
    Hours/week
    1

  • SR KATHLEEN TUITE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KRISTY L UVENA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JOHN WESTERMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SUSAN D WILLIAMS

    VICE PRESIDENT FINANCE & TREASURER

    Total calculated
    $298,739
    From this org
    $279,789
    From related orgs
    $0
    Other
    $18,950
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $279,789
    Bonus
    $0
    Other
    $0
    Deferred
    $16,741
    Nontaxable benefits
    $2,209
    Filer's total
    $298,739

  • DIANE K FORNIERI - CHIEF

    OF STAFF & SECRETARY (THRU 11/2023)

    Total calculated
    $207,546
    From this org
    $161,101
    From related orgs
    $0
    Other
    $46,445
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $152,182
    Bonus
    $0
    Other
    $8,919
    Deferred
    $9,773
    Nontaxable benefits
    $36,672
    Filer's total
    $207,546

  • MATTHEW ALBANESE - SR DIR OF

    COMPLIANCE & SECRETARY (AS OF 11/23)

    Total calculated
    $155,569
    From this org
    $130,955
    From related orgs
    $0
    Other
    $24,614
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $130,955
    Bonus
    $0
    Other
    $0
    Deferred
    $8,099
    Nontaxable benefits
    $16,515
    Filer's total
    $155,569

  • EDWARD J THOMPSON

    VICE PRESIDENT OFFICE OF ADVANCEMENT

    Total calculated
    $324,682
    From this org
    $264,195
    From related orgs
    $0
    Other
    $60,487
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $258,621
    Bonus
    $0
    Other
    $5,574
    Deferred
    $1,297
    Nontaxable benefits
    $59,190
    Filer's total
    $324,682

  • CHERYL MICHELLE PISKULICH

    PROVOST & VP ACADEMIC AFFAIRS

    Total calculated
    $333,132
    From this org
    $290,462
    From related orgs
    $0
    Other
    $42,670
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $290,462
    Bonus
    $0
    Other
    $0
    Deferred
    $17,671
    Nontaxable benefits
    $24,999
    Filer's total
    $333,132

  • LINDA ALBANESE

    VICE PRESIDENT ENROLLMENT MANAGEMENT

    Total calculated
    $235,238
    From this org
    $221,426
    From related orgs
    $0
    Other
    $13,812
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $219,738
    Bonus
    $0
    Other
    $1,688
    Deferred
    $13,224
    Nontaxable benefits
    $588
    Filer's total
    $235,238

  • JANINE BISCARI

    VICE PRESIDENT STUDENT AFFAIRS

    Total calculated
    $233,677
    From this org
    $219,979
    From related orgs
    $0
    Other
    $13,698
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $216,079
    Bonus
    $0
    Other
    $3,900
    Deferred
    $12,949
    Nontaxable benefits
    $749
    Filer's total
    $233,677

  • MICHAEL J OLIVO

    CHIEF INFORMATION OFFICER

    Total calculated
    $173,008
    From this org
    $162,585
    From related orgs
    $0
    Other
    $10,423
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $162,585
    Bonus
    $0
    Other
    $0
    Deferred
    $9,741
    Nontaxable benefits
    $682
    Filer's total
    $173,008

  • MARCIA GARDNER

    DEAN OF NURSING

    Total calculated
    $304,349
    From this org
    $234,873
    From related orgs
    $0
    Other
    $69,476
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $234,873
    Bonus
    $0
    Other
    $0
    Deferred
    $14,824
    Nontaxable benefits
    $54,652
    Filer's total
    $304,349

  • BARBARA T SCHMIDT - ASSOCIATE

    PROVOST ACADEMIC AFFAIRS

    Total calculated
    $299,316
    From this org
    $275,911
    From related orgs
    $0
    Other
    $23,405
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $275,911
    Bonus
    $0
    Other
    $0
    Deferred
    $9,087
    Nontaxable benefits
    $14,318
    Filer's total
    $299,316

  • GIOIA BALES

    DEAN OF BUSINESS

    Total calculated
    $294,766
    From this org
    $239,784
    From related orgs
    $0
    Other
    $54,982
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $239,784
    Bonus
    $0
    Other
    $0
    Deferred
    $14,881
    Nontaxable benefits
    $40,101
    Filer's total
    $294,766

  • KATHLEEN MAURER SMITH

    DEAN OF GRADUATE ACADEMIC AFFAIRS

    Total calculated
    $278,345
    From this org
    $244,835
    From related orgs
    $0
    Other
    $33,510
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $244,835
    Bonus
    $0
    Other
    $0
    Deferred
    $7,835
    Nontaxable benefits
    $25,675
    Filer's total
    $278,345

  • JOHN CARPENTE

    PROFESSOR

    Total calculated
    $248,559
    From this org
    $204,722
    From related orgs
    $0
    Other
    $43,837
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $204,722
    Bonus
    $0
    Other
    $0
    Deferred
    $8,299
    Nontaxable benefits
    $35,538
    Filer's total
    $248,559

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 · 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 · 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

  • 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
THE UNIVERSITY'S PRESIDENT, JAMES P. LENTINI, IS PROVIDED CERTAIN PREREQUISITES BY VIRTUE OF HIS POSITION AT THE UNIVERSITY. BY CONTRACT, THE PRESIDENT IS ENTITLED TO USE OF A RESIDENCE, A CAR ALLOWANCE AND REIMBURSEMENT FOR SOCIAL CLUB DUES. THE USE OF RESIDENCE IS TREATED AS A TAXABLE FRINGE BENEFIT (REPORTABLE IN FORM 990, SCHEDULE J, PART II, COLUMN (B)(III)). BOTH THE PRESIDENT, JAMES P. LENTINI, AND VICE PRESIDENT FOR ADVANCEMENT, EDWARD J. THOMPSON, ARE REIMBURSED FOR SOCIAL CLUB DUES. SINCE THE SOCIAL CLUB IS USED BY BOTH SOLELY IN A BUSINESS CAPACITY, THIS CONSTITUTES A NON-TAXABLE FRINGE BENEFIT AND IS INCLUDED IN SCHEDULE J, PART II, COLUMN (D). FINALLY, THE VICE PRESIDENT FOR ADVANCEMENT IS ENTITLED TO A CAR ALLOWANCE; THE PERSONAL USE OF THE CAR IS A TAXABLE FRINGE BENEFIT AND IS INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III).
PART I, LINE 7
PRESIDENT, JAMES P. LENTINI, RECEIVED A $12,500 BONUS IN CALENDAR YEAR 2023, AUTHORIZED AT THE DISCRETION OF THE BOARD FOR MEETING CERTAIN OBJECTIVE PERFORMANCE-BASED CRITERIA. THE PRESIDENT'S FULL COMPENSATION PACKAGE, INCLUSIVE OF ANY BONUSES RECEIVED, AS WELL AS THE AFOREMENTIONED FRINGE BENEFITS, IS APPROVED BY THE BOARD OF TRUSTEES TO ENSURE THAT IT ALIGNS WITH COMPENSATION PAID TO SIMILARLY SITUATED INDIVIDUALS AT EDUCATIONAL INSTITUTIONS IN THE SAME GEOGRAPHICAL REGION. ALL COMPENSATION DECISIONS APPROVED BY THE BOARD ARE MEMORIALIZED IN COMMITTEE MEETING MINUTES.

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

Provenance

Return type
form_990
Tax year
2023
Filed
8 May 2025
IRS schema version
2023v6.0
Source object
202511289349304401

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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