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Nonprofiteer
← EDGEWOOD UNIVERSITY INC

Form 990 for tax year 2024

Filed by EDGEWOOD UNIVERSITY INC.

Totals

Total revenue
$68,871,673
Total expenses
$70,275,796
Contributions and grants received
$3,347,423
Grants paid
$19,380,370
Program service revenue
$60,360,379
Investment income
$4,038,801
Other revenue
$1,125,070
Total assets, end of year
$162,734,760
Total liabilities, end of year
$17,116,770
Net assets or fund balances, end of year
$145,617,990
Program services expenses (Part IX)
$62,189,804
Management and general expenses
$6,716,737
Fundraising expenses
$1,369,255
Program service expenses (Part III)
$62,189,804

Program services were 88.5% 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

    $35,145

  • 1e · Government grants (contributions)

    $359,385

  • 1f · All other contributions, gifts and grants

    $2,952,893

  • 1g · Noncash contributions included above

    $589,765

  • 2a · Program service revenue: EDUCATIONAL SERVICES

    total $53,986,169 · related or exempt $53,986,169

  • 2b · Program service revenue: ROOM AND BOARD

    total $6,374,210 · related or exempt $6,360,098 · unrelated business $14,112

  • 3 · Investment income

    total $2,562,901 · excluded $2,562,901

  • 6a · Gross rents

    real property $374,322

  • 6b · Less rental expenses

    real property $3,025

  • 6c · Rental income or loss

    real property $371,297

  • 6d · Net rental income or loss

    total $371,297 · excluded $371,297

  • 7a · Gross sales of assets other than inventory

    securities $4,395,013

  • 7b · Less cost or other basis and sales expenses

    securities $2,919,113

  • 7c · Gain or loss

    securities $1,475,900

  • 7d · Net gain or loss

    total $1,475,900 · excluded $1,475,900

  • 8a · Fundraising events: gross income

    $11,930

  • 8a · Fundraising events: contributions included on line 1c

    $35,145

  • 8b · Fundraising events: direct expenses

    $22,751

  • 8c · Net income from fundraising events

    total -$10,821 · excluded -$10,821

  • 9a · Gaming: gross income

    $4,516

  • 9b · Gaming: direct expenses

    $325

  • 9c · Net income from gaming

    total $4,191 · excluded $4,191

  • 11a · Other revenue: INVESTMENT INCOME BENE

    total $725,000 · excluded $725,000

  • 11b · Other revenue: CELL TOWER LEASE

    total $23,403 · excluded $23,403

  • 11c · Other revenue: MANAGEMENT SERVICES -

    total $12,000 · related or exempt $12,000

  • 11e · Other revenue, total

    $760,403

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $19,380,370 · program services $19,380,370

  • 5 · Compensation of officers, directors and key employees

    total $1,703,985 · program services $365,907 · management and general $1,082,487 · fundraising $255,591

  • 7 · Other salaries and wages

    total $22,672,536 · program services $18,282,201 · management and general $3,790,376 · fundraising $599,959

  • 8 · Pension plan contributions

    total $1,129,272 · program services $848,737 · management and general $239,507 · fundraising $41,028

  • 9 · Other employee benefits

    total $3,082,709 · program services $2,316,899 · management and general $653,812 · fundraising $111,998

  • 10 · Payroll taxes

    total $1,738,909 · program services $1,306,927 · management and general $368,805 · fundraising $63,177

  • 11b · Fees: legal

    total $206,660 · management and general $206,660

  • 11c · Fees: accounting

    total $88,048 · management and general $88,048

  • 11f · Fees: investment management

    total $137,295 · management and general $137,295

  • 11g · Fees: other

    total $4,585,660 · program services $4,367,525 · management and general $218,135

  • 12 · Advertising and promotion

    total $613,846 · program services $606,929 · management and general $5,167 · fundraising $1,750

  • 13 · Office expenses

    total $490,509 · program services $283,347 · management and general $144,497 · fundraising $62,665

  • 14 · Information technology

    total $1,996,030 · program services $1,183,313 · management and general $733,467 · fundraising $79,250

  • 16 · Occupancy

    total $3,030,191 · program services $366,738 · management and general $2,663,453

  • 17 · Travel

    total $266,801 · program services $205,175 · management and general $48,153 · fundraising $13,473

  • 20 · Interest

    total $280,656 · program services $258,196 · management and general $22,460

  • 22 · Depreciation, depletion and amortization

    total $2,460,325 · program services $2,041,093 · management and general $402,273 · fundraising $16,959

  • 23 · Insurance

    total $218,339 · management and general $218,339

  • 24a · Other expenses: AUXILIARY EXPENSES

    total $2,190,006 · program services $2,190,006

  • 24b · Other expenses: STUDENT SERVICES

    total $1,271,246 · program services $1,271,246

  • 24c · Other expenses: UBIT EXPENSE

    total $1,503 · program services $1,503

  • 24d · Other expenses: OPERATION AND MAINTENAN

    total $0 · program services $4,996,550 · management and general -$5,032,999 · fundraising $36,449

  • 24e · All other expenses

    total $2,730,900 · program services $1,917,142 · management and general $726,802 · fundraising $86,956

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,350 · end of year $3,350

  • 2 · Savings and temporary cash investments

    beginning of year $25,154,284 · end of year $23,380,210

  • 3 · Pledges and grants receivable

    beginning of year $425,788 · end of year $269,794

  • 4 · Accounts receivable

    beginning of year $1,718,509 · end of year $1,474,738

  • 7 · Other notes and loans receivable

    beginning of year $146,078 · end of year $81,251

  • 8 · Inventories for sale or use

    beginning of year $59,702 · end of year $31,946

  • 9 · Prepaid expenses and deferred charges

    beginning of year $857,290 · end of year $964,026

  • 10a · Land, buildings and equipment: cost or other basis

    $99,401,401

  • 10b · Land, buildings and equipment: accumulated depreciation

    $50,106,589

  • 10c · Land, buildings and equipment, net

    beginning of year $49,491,348 · end of year $49,294,812

  • 11 · Investments: publicly traded securities

    beginning of year $61,952,387 · end of year $60,293,358

  • 12 · Investments: other securities

    beginning of year $0 · end of year $6,870,630

  • 15 · Other assets

    beginning of year $19,571,128 · end of year $20,070,645

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,096,484 · end of year $4,650,244

  • 19 · Deferred revenue

    beginning of year $1,548,976 · end of year $2,203,461

  • 20 · Tax-exempt bond liabilities

    beginning of year $8,875,000 · end of year $8,000,000

  • 25 · Other liabilities

    beginning of year $2,608,964 · end of year $2,263,065

  • 27 · Net assets without donor restrictions

    beginning of year $104,571,618 · end of year $103,622,850

  • 28 · Net assets with donor restrictions

    beginning of year $38,678,822 · end of year $41,995,140

Mission and programs · 2024

Mission

EDGEWOOD UNIVERSITY, ROOTED IN THE DOMINICAN TRADITION, ENGAGES STUDENTS WITHIN A COMMUNITY OF LEARNERS COMMITTED TO BUILDING A JUST AND COMPASSIONATE WORLD. THE UNIVERSITY EDUCATES STUDENTS FOR MEANINGFUL PERSONAL AND PROFESSIONAL LIVES OF ETHICAL LEADERSHIP, SERVICE, AND A LIFELONG SEARCH FOR TRUTH.

Activities or mission (Part I)

TO PROVIDE A QUALITY HIGHER EDUCATION.

  • INSTRUCTION- POST-SECONDARY EDUCATION, WITH PROGRAMS FOR TRADITIONAL UNDERGRADUATES, ACCELERATED PROGRAMS FOR RETURNING ADULTS, GRADUATE PROGRAMS, AND DOCTORAL EDUCATION. FULL-TIME EQUIVALENT ENROLLMENT OF 1107 UNDERGRADUATE AND 838 GRADUATE AND POST BACCALAUREATE STUDENTS.

    Expenses $56,637,595 · Grants $19,380,370 · Revenue $53,998,169

  • AUXILLARY SERVICES- RESIDENCE HALL AND FOOD SERVICE SERVING APPROXIMATELY 496 STUDENT RESIDENTS.

    Expenses $5,552,209 · Revenue $6,360,098

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • ANDREW MANION

    PRESIDENT

    Total calculated
    $385,894
    From this org
    $363,349
    From related orgs
    $0
    Other
    $22,545
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $336,079
    Bonus
    $0
    Other
    $27,270
    Deferred
    $21,825
    Nontaxable benefits
    $720
    Filer's total
    $385,894
  • LOUISE STRACENER

    BOARD MEMBER/FACULTY

    Total calculated
    $77,470
    From this org
    $70,799
    From related orgs
    $0
    Other
    $6,671
    Hours/week
    40
  • JEANNE LEEP

    BOARD MEMBER/FACULTY

    Total calculated
    $91,133
    From this org
    $66,704
    From related orgs
    $0
    Other
    $24,429
    Hours/week
    40
  • JAC GARNER

    CHAIR

    Total calculated
    $0
    Hours/week
    1
  • DAVID WITTWER

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • WENDY PERKINS

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • JEANAN YASIRI MOE

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • CORINDA RAINEY-MOORE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • DAN BLACK

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • DAN FAHEY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • JAKE ORVILLE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • JOE GOTHARD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • JUDITH SCHAEFER OP

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • KATHLEEN PHELAN OP

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • KEVIN O'DRISCOLL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • NYRA JORDAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • ROXANNE BRAZEAU

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • RYAN COLLINS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • SANDRA DOCTER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • SUZANNE ANDERSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • TRACY SCHWEITZER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • TYRONE WILLIAMS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • AMANDA BERG

    VICE PRESIDENT OF FINANCE

    Total calculated
    $192,609
    From this org
    $179,082
    From related orgs
    $0
    Other
    $13,527
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $179,082
    Bonus
    $0
    Other
    $0
    Deferred
    $10,864
    Nontaxable benefits
    $2,663
    Filer's total
    $192,609
  • WILLIAM MANGAN

    VP FOR ACADEMIC AFFAIRS

    Total calculated
    $218,648
    From this org
    $205,569
    From related orgs
    $0
    Other
    $13,079
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $205,569
    Bonus
    $0
    Other
    $0
    Deferred
    $12,359
    Nontaxable benefits
    $720
    Filer's total
    $218,648
  • MARGARET NOREUIL

    DEAN OF NURSING, BUS. & HEALTH

    Total calculated
    $198,368
    From this org
    $184,645
    From related orgs
    $0
    Other
    $13,723
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $184,645
    Bonus
    $0
    Other
    $0
    Deferred
    $10,725
    Nontaxable benefits
    $2,998
    Filer's total
    $198,368
  • PAUL EGGERS

    VP FOR GROWTH AND INNOVATION

    Total calculated
    $171,571
    From this org
    $161,157
    From related orgs
    $0
    Other
    $10,414
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,157
    Bonus
    $0
    Other
    $0
    Deferred
    $9,694
    Nontaxable benefits
    $720
    Filer's total
    $171,571
  • VICTORIA PALMISANO

    ASSOC DEAN BUSINESS

    Total calculated
    $190,468
    From this org
    $179,141
    From related orgs
    $0
    Other
    $11,327
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $179,141
    Bonus
    $0
    Other
    $0
    Deferred
    $10,777
    Nontaxable benefits
    $550
    Filer's total
    $190,468
  • ANN MADDEN

    PROGRAM DIRECTOR DNP-NA

    Total calculated
    $191,642
    From this org
    $164,892
    From related orgs
    $0
    Other
    $26,750
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $164,892
    Bonus
    $0
    Other
    $0
    Deferred
    $10,435
    Nontaxable benefits
    $16,315
    Filer's total
    $191,642
  • KATIE VESPERMAN

    VP INSTITUTIONAL ADVANCEMENT

    Total calculated
    $223,582
    From this org
    $143,517
    From related orgs
    $0
    Other
    $80,065
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,517
    Bonus
    $0
    Other
    $0
    Deferred
    $8,635
    Nontaxable benefits
    $71,430
    Filer's total
    $223,582
  • QUINN MULLIKIN

    ASSOC DEAN NURSING

    Total calculated
    $173,825
    From this org
    $142,738
    From related orgs
    $0
    Other
    $31,087
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,738
    Bonus
    $0
    Other
    $0
    Deferred
    $8,057
    Nontaxable benefits
    $23,030
    Filer's total
    $173,825
  • ARHELIA DALLA COSTA BEHM

    VP FOR ADMINISTRATION

    Total calculated
    $176,890
    From this org
    $141,964
    From related orgs
    $0
    Other
    $34,926
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,964
    Bonus
    $0
    Other
    $0
    Deferred
    $9,000
    Nontaxable benefits
    $25,926
    Filer's total
    $176,890

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 · 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 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
SOCIAL DUES ARE DETERMINED BY PRESIDENT'S CONTRACT.

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
2024
Filed
21 April 2026
IRS schema version
2024v5.5
Source object
202601119349301810

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