Totals
- Total revenue
- $112,171,400
- Total expenses
- $130,091,459
- Contributions and grants received
- $10,248,872
- Grants paid
- $38,772,509
- Program service revenue
- $98,054,199
- Investment income
- $861,157
- Other revenue
- $3,007,172
- Total assets, end of year
- $233,007,198
- Total liabilities, end of year
- $90,900,526
- Net assets or fund balances, end of year
- $142,106,672
- Program services expenses (Part IX)
- $106,677,755
- Management and general expenses
- $19,005,704
- Fundraising expenses
- $4,408,000
- Program service expenses (Part III)
- $106,677,755
Program services were 82.0% 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)
$2,123,829
-
1f · All other contributions, gifts and grants
$8,125,043
-
1g · Noncash contributions included above
$330,105
-
2a · Program service revenue: TUITION AND FEES
total $74,504,155 · related or exempt $74,504,155
-
2b · Program service revenue: AUXILIARY INCOME
total $23,550,044 · related or exempt $23,550,044
-
3 · Investment income
total $681,670 · excluded $681,670
-
7a · Gross sales of assets other than inventory
securities $15,705,582
-
7b · Less cost or other basis and sales expenses
securities $15,526,095
-
7c · Gain or loss
securities $179,487
-
7d · Net gain or loss
total $179,487 · excluded $179,487
-
11a · Other revenue: OTHER REVENUE
total $1,226,377 · related or exempt $1,226,377
-
11b · Other revenue: ENDOWMENT TRUST INCOME
total $996,289 · excluded $996,289
-
11c · Other revenue: INTO DREW PROGRAM FEES
total $530,701 · related or exempt $530,701
-
11d · All other revenue
total $253,805 · related or exempt $253,805
-
11e · Other revenue, total
$3,007,172
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $38,772,509 · program services $38,772,509
-
5 · Compensation of officers, directors and key employees
total $1,314,048 · program services $1,114,048 · management and general $100,000 · fundraising $100,000
-
7 · Other salaries and wages
total $30,605,952 · program services $23,295,952 · management and general $4,904,694 · fundraising $2,405,306
-
8 · Pension plan contributions
total $1,643,551 · program services $1,256,886 · management and general $251,657 · fundraising $135,008
-
9 · Other employee benefits
total $5,039,564 · program services $3,853,948 · management and general $771,646 · fundraising $413,970
-
10 · Payroll taxes
total $2,391,884 · program services $1,829,165 · management and general $366,240 · fundraising $196,479
-
11b · Fees: legal
total $249,995 · management and general $249,995
-
11c · Fees: accounting
total $969,659 · management and general $969,659
-
11f · Fees: investment management
total $381,704 · management and general $381,704
-
11g · Fees: other
total $3,690,346 · program services $613,000 · management and general $2,425,232 · fundraising $652,114
-
12 · Advertising and promotion
total $1,330,000 · program services $746,000 · management and general $467,949 · fundraising $116,051
-
13 · Office expenses
total $468,000 · program services $242,000 · management and general $212,500 · fundraising $13,500
-
14 · Information technology
total $4,303,000 · program services $876,000 · management and general $3,284,058 · fundraising $142,942
-
16 · Occupancy
total $11,568,000 · program services $8,981,000 · management and general $2,435,134 · fundraising $151,866
-
17 · Travel
total $1,319,000 · program services $1,292,000 · management and general $23,623 · fundraising $3,377
-
19 · Conferences, conventions and meetings
total $669,000 · program services $604,000 · management and general $6,500 · fundraising $58,500
-
20 · Interest
total $4,999,000 · program services $4,899,000 · management and general $100,000
-
22 · Depreciation, depletion and amortization
total $7,785,000 · program services $7,240,000 · management and general $545,000
-
23 · Insurance
total $1,158,000 · management and general $1,158,000
-
24a · Other expenses: FOOD EXPENSES
total $6,393,000 · program services $6,278,000 · management and general $115,000
-
24b · Other expenses: MISCELLANEOUS
total $2,808,247 · program services $2,749,247 · management and general $54,949 · fundraising $4,051
-
24c · Other expenses: LIBRARY MATERIALS
total $744,000 · program services $738,000 · fundraising $6,000
-
24d · Other expenses: SUPPLIES
total $468,000 · program services $400,000 · management and general $60,064 · fundraising $7,936
-
24e · All other expenses
total $1,020,000 · program services $897,000 · management and general $122,100 · fundraising $900
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $7,443,811 · end of year $760,065
-
2 · Savings and temporary cash investments
beginning of year $139,985 · end of year $301,982
-
3 · Pledges and grants receivable
beginning of year $653,326 · end of year $602,433
-
4 · Accounts receivable
beginning of year $2,194,299 · end of year $2,976,294
-
7 · Other notes and loans receivable
beginning of year $183,041 · end of year $161,680
-
8 · Inventories for sale or use
beginning of year $165,835 · end of year $165,835
-
9 · Prepaid expenses and deferred charges
beginning of year $928,038 · end of year $1,080,257
-
10a · Land, buildings and equipment: cost or other basis
$324,113,409
-
10b · Land, buildings and equipment: accumulated depreciation
$203,775,981
-
10c · Land, buildings and equipment, net
beginning of year $124,986,686 · end of year $120,337,428
-
11 · Investments: publicly traded securities
beginning of year $34,949,104 · end of year $28,164,543
-
12 · Investments: other securities
beginning of year $71,469,657 · end of year $75,718,017
-
15 · Other assets
beginning of year $1,890,739 · end of year $2,738,664
-
17 · Accounts payable and accrued expenses
beginning of year $10,767,383 · end of year $10,000,486
-
19 · Deferred revenue
beginning of year $7,343,448 · end of year $6,598,259
-
20 · Tax-exempt bond liabilities
beginning of year $68,273,852 · end of year $68,538,528
-
24 · Unsecured notes and loans payable
beginning of year $1,110,580 · end of year $1,020,593
-
25 · Other liabilities
beginning of year $5,067,709 · end of year $4,742,660
-
27 · Net assets without donor restrictions
beginning of year -$33,947,000 · end of year -$46,668,000
-
28 · Net assets with donor restrictions
beginning of year $186,388,549 · end of year $188,774,672
Mission and programs · 2022
Mission
DREW UNIVERSITY, A PHI BETA KAPPA LIBERAL ARTS UNIVERSITY, INCLUDES THE COLLEGE OF LIBERAL ARTS, THE DREW THEOLOGICAL SCHOOL, AND THE CASPERSEN SCHOOL OF GRADUATE STUDIES. CONTINUED ON SCHEDULE O.
Activities or mission (Part I)
THE UNIVERSITY OFFERS GRADUATE AND UNDERGRADUATE STUDIES AND IS COMPRISED OF THE COLLEGE OF LIBERAL ARTS, THE THEOLOGICAL SCHOOL, AND THE CASPERSEN SCHOOL OF GRADUATE STUDIES.
-
THE DREW UNIVERSITY COLLEGE OF LIBERAL ARTS AFFIRMS A COMMITMENT TO ITS FOUNDING VISION TO OFFER ITS STUDENTS A LIBERAL ARTS EDUCATION OF THE HIGHEST QUALITY THROUGH A RIGOROUS COURSE OF STUDY. THE COLLEGE CHALLENGES STUDENTS TO EXPLORE THE ARTS, NATURAL SCIENCES, SOCIAL SCIENCES,HUMANITIES, AND INTERDISCIPLINARY FIELDS IN DEPTH AND TO DEVELOP THEIR CAPACITIES FOR CRITICAL THOUGHT, PROBLEM SOLVING, EFFECTIVE COMMUNICATION, CREATIVITY, SELF DISCIPLINE, AND EMPATHY. AS THE COLLEGE PREPARES STUDENTS FOR ACADEMIC AND PROFESSIONAL ACHIEVEMENT, IT PROVIDES THEM WITH ESSENTIAL SKILLS FOR LIVING AND CONTINUING TO LEARN AND TO GROW IN AN INCREASINGLY DIVERSE AND COMPLEX WORLD.
Expenses $77,145,926 · Grants $32,615,487 · Revenue $78,045,558
-
DREW THEOLOGICAL SCHOOL EMPOWERS LEADERSHIP FOR A GLOBAL CHRISTIANITY OF JUSTICE, ECUMENISM, AND THE INTEGRITY OF CREATION. ITS PASTORAL, SPIRITUAL, AND CONCEPTUAL DISCIPLINES GROW WITHIN AN INTIMATE LITURGICAL AND COMMUNAL CONTEXT, ONE THAT SUSTAINS MULTIPLE RELATIONS OF DIFFERENCE. THROUGH ITS PARTICULAR HISTORICAL COMMITMENTS TO AFRICAN, ASIAN, AFRICAN-AMERICAN, HISPANIC, AND WOMEN'S MINISTRIES, THE THEOLOGICAL SCHOOL REMAINS FAITHFULLY ROOTED IN ITS METHODIST HERITAGE. DREW NURTURES CHRISTIAN PRACTICES THROUGH VITAL PARTNERSHIP WITH LOCAL CHURCHES AND INTERNATIONAL NETWORKS OF EDUCATION. TRANS-DISCIPLINARY INTERPRETATION OF TEXT, TRADITION, AND EXPERIENCE ENERGIZES ITS SCHOLARLY VIGOR. DREW ENGENDERS THEOLOGIES RESPONSIBLE TO THE COMPLEX REALITIES OF AN INTERCONNECTED WORLD. INTO THAT WORLD, DREW SENDS PASTORS, PREACHERS AND PROPHETS, DEACONS, ACTIVISTS, AND TEACHERS.
Expenses $11,517,695 · Grants $3,866,655 · Revenue $5,014,830
-
THE CASPERSEN SCHOOL OF GRADUATE STUDIES WAS FOUNDED ON THE PRINCIPLE OF THE IMPORTANCE OF INTERDISCIPLINARY STUDY IN THE HUMANITIES. THE GOAL OF THE SCHOOL'S FOUNDERS WAS TO FOSTER BROADLY EDUCATED PEOPLE WHO HAVE EXPERTISE IN A FIELD OF THOUGHT BUT WHO ARE ALSO FAMILIAR WITH AND ARTICULATE IN A RANGE OF HUMANISTIC STUDIES. THIS MISSION CONTINUES TO DISTINGUISH THE CASPERSEN SCHOOL AMONG INSTITUTIONS WITH DOCTORAL PROGRAMS IN THE HUMANITIES. OUR INTENT IS TO TRAIN PERSONS WHO ARE PROPERLY PREPARED NOT ONLY IN SPECIFIC RECOGNIZED FIELDS BUT ALSO ININTERDISCIPLINARY DIALOGUE. WE CELEBRATE THE JOY OF LEARNING AS WE PREPARE ABLE, WELL INFORMED GRADUATES WHO PURSUE CAREERS IN HIGHER EDUCATION, IN THE RELIGIOUS AND MEDICAL COMMUNITIES, AND IN THE BROADER INTELLECTUAL WORLD. AS SUCH, WE ARE WELL POSITIONED TO MEET THE INCREASING CALL FOR INTERDISCIPLINARY APPROACHES BOTH IN THE ACADEMY AND IN THE WIDER WORLD. INTEGRAL TO OUR MISSION IS ENCOURAGING OUR FACULTY AND STUDENTS ALIKE TO PURSUE CREATIVE RESEARCH IN THE HUMANITIES AND TO MAKE THE RESULTS OF THEIR WORK AVAILABLE THROUGH TEACHING, PARTICIPATION IN SCHOLARLY MEETINGS, VARIOUS FORMS OF PUBLICATION AND INTELLECTUAL DISCOURSE; TO THAT END WE CONTINUE TO EXPLORE NEW POSSIBILITIES OF ENHANCING INTERDISCIPLINARY STUDIES IN THE HUMANITIES.
Expenses $3,745,023 · Grants $1,227,672 · Revenue $3,952,435
-
OTHER PROGRAM EXPENSES REFLECT EDUCATIONAL PROGRAM EXPENSES NOT DIRECTLY RELATED TO ONE OF THE SCHOOLS DESCRIBED ABOVE. IT INCLUDES AN ALLOCATED METHOD OF PROGRAM, AUXILIARY, AND STUDENT SERVICE EXPENSES. OTHER PROGRAM ACTIVITIES ALSO INCLUDE EXPENSES AND REVENUES FROMTHE UNIVERSITY'S CONTINUING EDUCATION AND SUMMER PROGRAMS.
Expenses $14,269,111 · Grants $1,062,695 · Revenue $13,052,259
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
William W Landis IIIWILLIAM W LANDIS III
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Fredrick FuestFREDRICK FUEST
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Angela GerkenANGELA GERKEN
VICE CHAIR AND SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Bishop Thomas J BrickertonBISHOP THOMAS J BRICKERTON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Scott BurrSCOTT BURR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Emily Musil ChurchEMILY MUSIL CHURCH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dean T CriaresDEAN T CRIARES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Alfred T Day IIIALFRED T DAY III
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Sang Won DohSANG WON DOH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
D Stuart DunnanD STUART DUNNAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Robert FranekROBERT FRANEK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Gregory GordonGREGORY GORDON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Michelle HamptonMICHELLE HAMPTON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Justin MarcucciJUSTIN MARCUCCI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ryan M MasonRYAN M MASON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Joseph C NotoJOSEPH C NOTO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Bishop John ScholBISHOP JOHN SCHOL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Vanessa L Van BruntVANESSA L VAN BRUNT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Suneet VarmaSUNEET VARMA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer VelezJENNIFER VELEZ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Thomas SchwarzTHOMAS SCHWARZ
PRESIDENT
- Total calculated
- $540,000
- From this org
- $500,000
- From related orgs
- $0
- Other
- $40,000
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $500,000
- Bonus
- $0
- Other
- $0
- Deferred
- $40,000
- Nontaxable benefits
- $0
- Filer's total
- $540,000
-
Bret D SilverBRET D SILVER
VICE PRESIDENT, UNIVERSITY
- Total calculated
- $455,963
- From this org
- $422,188
- From related orgs
- $0
- Other
- $33,775
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $347,188
- Bonus
- $75,000
- Other
- $0
- Deferred
- $33,775
- Nontaxable benefits
- $0
- Filer's total
- $455,963
-
Jessica LakinJESSICA LAKIN
PROVOST
- Total calculated
- $278,676
- From this org
- $231,646
- From related orgs
- $0
- Other
- $47,030
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $231,646
- Bonus
- $0
- Other
- $0
- Deferred
- $18,531
- Nontaxable benefits
- $28,499
- Filer's total
- $278,676
-
Frank MerckFRANK MERCK
VP ENROLLMENT MANAGEMENT
- Total calculated
- $212,233
- From this org
- $178,214
- From related orgs
- $0
- Other
- $34,019
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $178,214
- Bonus
- $0
- Other
- $0
- Deferred
- $14,257
- Nontaxable benefits
- $19,762
- Filer's total
- $212,233
-
Louise T HoodLOUISE T HOOD
ASSOC VP, ADVANCEMENT
- Total calculated
- $234,574
- From this org
- $217,199
- From related orgs
- $0
- Other
- $17,375
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $217,199
- Bonus
- $0
- Other
- $0
- Deferred
- $17,375
- Nontaxable benefits
- $0
- Filer's total
- $234,574
-
Gregory SmithGREGORY SMITH
VP FOR FACILITIES & CAMPUS
- Total calculated
- $213,863
- From this org
- $191,532
- From related orgs
- $0
- Other
- $22,331
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $191,532
- Bonus
- $0
- Other
- $0
- Deferred
- $15,322
- Nontaxable benefits
- $7,009
- Filer's total
- $213,863
-
Ryan HinrichsRYAN HINRICHS
DEAN ARTS & SCIENCES
- Total calculated
- $204,675
- From this org
- $163,126
- From related orgs
- $0
- Other
- $41,549
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $163,126
- Bonus
- $0
- Other
- $0
- Deferred
- $13,050
- Nontaxable benefits
- $28,499
- Filer's total
- $204,675
-
Edwin AponteEDWIN APONTE
DEAN OF THEOLOGICAL SCHOOL
- Total calculated
- $219,172
- From this org
- $190,500
- From related orgs
- $0
- Other
- $28,672
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $190,500
- Bonus
- $0
- Other
- $0
- Deferred
- $15,240
- Nontaxable benefits
- $13,432
- Filer's total
- $219,172
-
Caitlin TramelCAITLIN TRAMEL
ASSISTANT VP, ADVANCEMENT
- Total calculated
- $205,452
- From this org
- $190,234
- From related orgs
- $0
- Other
- $15,218
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $190,234
- Bonus
- $0
- Other
- $0
- Deferred
- $15,218
- Nontaxable benefits
- $0
- Filer's total
- $205,452
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 · Compensation survey or study
- 3 · Approval by the board or compensation committee
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
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 1A
- THE UNIVERSITY PROVIDES A RESIDENCE ON CAMPUS WHEN THE DUTIES AND RESPONSIBILITES OF THE EMPLOYEE REQUIRE THEIR SERVICES ON A 24-HOUR BASIS THROUGHOUT THE YEAR. THIS BENEFIT IS PROVIDED ON A NON-TAX BASIS AS A CONDITION OF THEIR EMPLOYMENT IN ORDER FOR THEM TO ACCOMPLISH THEIR REQUIRED AND CONTINUOUS DUTIES AND RESPONSIBILITIES ON CAMPUS. THIS BENEFIT IS PROVIDED TO THE FOLLOWING INDIVIDUALS: - FRANK MERCKX - GREG SMITH - THOMAS SCHWARZ (A HOUSE IS PROVIDED FOR THOMAS SCHWARZ BUT NOT LIVED IN).
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.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 24 April 2024
- IRS schema version
- 2022v5.0
- Source object
- 202401359349304380
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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