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Nonprofiteer
← MONMOUTH UNIVERSITY INC

Form 990 for tax year 2022

Filed by MONMOUTH UNIVERSITY INC.

Totals

Total revenue
$274,830,004
Total expenses
$261,711,486
Contributions and grants received
$37,631,718
Grants paid
$82,527,972
Program services expenses (Part IX)
$219,843,879
Management and general expenses
$38,630,030
Fundraising expenses
$3,237,577
Program service expenses (Part III)
$219,843,879

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
    $938,704
    From this org
    $826,743
    From related orgs
    $0
    Other
    $111,961
    Hours/week
    63 + 7 related

    Schedule J breakdown matched by us

    Base
    $543,052
    Bonus
    $200,000
    Other
    $83,691
    Deferred
    $24,400
    Nontaxable benefits
    $87,561
    Filer's total
    $938,704

  • JEANA M PISCATELLI

    TRUSTEE AND CHAIRMAN

    Total calculated
    $0
    Hours/week
    7 + 1 related

  • JOHN A BROCKRIEDE JR

    TRUSTEE AND VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    5

  • LESLIE N HITCHNER

    TRUSTEE AND VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • CHRISTOPHER D MAHER

    TRUSTEE AND TREASURER

    Total calculated
    $0
    Hours/week
    5

  • TASHA ANN YOUNGBLOOD BROWN

    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

  • THOMAS D BYER

    TRUSTEE (AS OF 07/2022)

    Total calculated
    $0
    Hours/week
    1

  • JOHN C CONOVER III

    TRUSTEE (AS OF 07/2022)

    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

  • STEPHEN E GERARD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JEREMY GRUNIN

    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 (AS OF 07/2022)

    Total calculated
    $0
    Hours/week
    1

  • NANCY A LEIDERSDORFF

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DEAN Q LIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ALAINA L LOVE

    TRUSTEE (AS OF 07/2022)

    Total calculated
    $0
    Hours/week
    1

  • LISA MCKEAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 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

  • CHRISTOPHER W SHAW

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MARK SKESAVAGE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CAROL 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

  • PAMELA SCOTT-JOHNSON - PROVOST

    & SR VP ACADEMIC AFFAIRS

    Total calculated
    $416,714
    From this org
    $375,320
    From related orgs
    $0
    Other
    $41,394
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $321,932
    Bonus
    $0
    Other
    $53,388
    Deferred
    $24,400
    Nontaxable benefits
    $16,994
    Filer's total
    $416,714

  • WILLIAM CRAIG

    VP FOR FINANCE

    Total calculated
    $387,512
    From this org
    $328,345
    From related orgs
    $0
    Other
    $59,167
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $317,934
    Bonus
    $0
    Other
    $10,411
    Deferred
    $24,400
    Nontaxable benefits
    $34,767
    Filer's total
    $387,512

  • ROBERT MCCAIG - VP ENROLLMENT

    MANAGEMENT & MARKETING

    Total calculated
    $322,698
    From this org
    $265,106
    From related orgs
    $0
    Other
    $57,592
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $263,766
    Bonus
    $0
    Other
    $1,340
    Deferred
    $21,730
    Nontaxable benefits
    $35,862
    Filer's total
    $322,698

  • MARY ANNE NAGY

    VP FOR STUDENT SERVICES

    Total calculated
    $295,983
    From this org
    $272,755
    From related orgs
    $0
    Other
    $23,228
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $270,587
    Bonus
    $0
    Other
    $2,168
    Deferred
    $21,647
    Nontaxable benefits
    $1,581
    Filer's total
    $295,983

  • EDWARD CHRISTENSEN

    VP / INFORMATION MANAGEMENT

    Total calculated
    $285,098
    From this org
    $233,410
    From related orgs
    $0
    Other
    $51,688
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $233,410
    Bonus
    $0
    Other
    $0
    Deferred
    $19,074
    Nontaxable benefits
    $32,614
    Filer's total
    $285,098

  • AMANDA M KLAUS

    VP UNIVERSITY ADVANCEMENT

    Total calculated
    $280,229
    From this org
    $247,656
    From related orgs
    $0
    Other
    $32,573
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $247,540
    Bonus
    $0
    Other
    $116
    Deferred
    $19,930
    Nontaxable benefits
    $12,643
    Filer's total
    $280,229

  • JOHN J CHRISTOPHER

    VP & GENERAL COUNSEL (THRU 09/2022)

    Total calculated
    $278,391
    From this org
    $234,084
    From related orgs
    $0
    Other
    $44,307
    Hours/week
    50 + 5 related

    Schedule J breakdown matched by us

    Base
    $197,548
    Bonus
    $0
    Other
    $36,536
    Deferred
    $18,921
    Nontaxable benefits
    $25,386
    Filer's total
    $278,391

  • CHARLENE K DIANA - ACTING VP

    & GENERAL COUNSEL (AS OF 09/2022)

    Total calculated
    $237,046
    From this org
    $207,018
    From related orgs
    $0
    Other
    $30,028
    Hours/week
    50 + 5 related

    Schedule J breakdown matched by us

    Base
    $206,470
    Bonus
    $0
    Other
    $548
    Deferred
    $16,704
    Nontaxable benefits
    $13,324
    Filer's total
    $237,046

  • SUSAN GUPTA

    ASSOCIATE PROVOST

    Total calculated
    $258,439
    From this org
    $195,126
    From related orgs
    $0
    Other
    $63,313
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $193,018
    Bonus
    $0
    Other
    $2,108
    Deferred
    $16,347
    Nontaxable benefits
    $46,966
    Filer's total
    $258,439

  • KING D RICE

    HEAD MENS BASKETBALL COACH

    Total calculated
    $613,394
    From this org
    $545,648
    From related orgs
    $0
    Other
    $67,746
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $482,785
    Bonus
    $0
    Other
    $62,863
    Deferred
    $24,400
    Nontaxable benefits
    $43,346
    Filer's total
    $613,394

  • PRAKASAM R DEVASAGAYAM

    DEAN OF BUSINESS SCHOOL

    Total calculated
    $386,682
    From this org
    $329,225
    From related orgs
    $0
    Other
    $57,457
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $283,592
    Bonus
    $0
    Other
    $45,633
    Deferred
    $23,118
    Nontaxable benefits
    $34,339
    Filer's total
    $386,682

  • DONALD MOLIVER

    PROFESSOR

    Total calculated
    $339,029
    From this org
    $286,765
    From related orgs
    $0
    Other
    $52,264
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $275,355
    Bonus
    $0
    Other
    $11,410
    Deferred
    $22,493
    Nontaxable benefits
    $29,771
    Filer's total
    $339,029

  • DATTA NAIK

    PROFESSOR

    Total calculated
    $294,288
    From this org
    $256,446
    From related orgs
    $0
    Other
    $37,842
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $246,731
    Bonus
    $0
    Other
    $9,715
    Deferred
    $20,024
    Nontaxable benefits
    $17,818
    Filer's total
    $294,288

  • PATRICK MURRAY

    DIRECTOR / POLLING INSTITUTE

    Total calculated
    $289,379
    From this org
    $238,068
    From related orgs
    $0
    Other
    $51,311
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $235,622
    Bonus
    $0
    Other
    $2,446
    Deferred
    $19,139
    Nontaxable benefits
    $32,172
    Filer's total
    $289,379

  • LAURA MORIARTY

    PROFESSOR

    Total calculated
    $268,101
    From this org
    $235,089
    From related orgs
    $0
    Other
    $33,012
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $233,344
    Bonus
    $0
    Other
    $1,745
    Deferred
    $18,789
    Nontaxable benefits
    $14,223
    Filer's total
    $268,101

  • REKHA DATTA

    PROFESSOR

    Total calculated
    $243,706
    From this org
    $223,439
    From related orgs
    $0
    Other
    $20,267
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $221,607
    Bonus
    $0
    Other
    $1,832
    Deferred
    $17,811
    Nontaxable benefits
    $2,456
    Filer's total
    $243,706

  • RICHARD F VEIT JR

    ASSOCIATE DEAN

    Total calculated
    $243,277
    From this org
    $184,077
    From related orgs
    $0
    Other
    $59,200
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $183,575
    Bonus
    $0
    Other
    $502
    Deferred
    $15,506
    Nontaxable benefits
    $43,694
    Filer's total
    $243,277

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 · 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
  • 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
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 $42,284 IS REPORTED AS NON-TAXABLE COMPENSATION ON FORM 990. 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. THIS MEMBERSHIP IS INCLUDED AS NON-TAXABLE COMPENSATION ON FORM 990 ($9,042 FOR THE PRESIDENT).
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
2022
Filed
3 May 2024
IRS schema version
2022v5.0
Source object
202431249349302778

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