Civic Intelligence

Fairleigh Dickinson University

990 • Fiscal year 2017 • EIN 22-1494434

Jul 01, 2016 to Jun 30, 2017 • Filed on May 09, 2018

1000 River Road Mail Code H-dh1-01Teaneck, NJ 07666-1914

(201) 692-2381

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

60th percentile

0.41x

Higher debt load relative to assets than 60% of similar nonprofits.

2017 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2017

Liabilities / Revenue

47th percentile

0.51x

Higher debt load relative to revenue than 47% of similar nonprofits.

2017 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2017

Net Margin

51st percentile

5.2%

Higher net margin than 51% of similar nonprofits.

2017 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2017

Top Officer Pay

33rd percentile

$573,360

Higher top officer pay than 33% of similar nonprofits.

Top officer pay equals 0.2% of source-year revenue.

2017 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2017

Asset Growth

30th percentile

2.9%

Faster asset growth than 30% of similar nonprofits.

2017 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2016 to 2017

Revenue Growth

16th percentile

-3.2%

Faster revenue growth than 16% of similar nonprofits.

2017 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2016 to 2017

Assets

Up

$401,627,189

Up $11,200,511 (+2.9%) from 2016

Net Assets

Up

$238,015,991

Up $20,984,312 (+9.7%) from 2016

Liabilities

Down

$163,611,198

Down $9,783,801 (-5.6%) from 2016

Revenue

Down

$318,604,545

Down $10,653,898 (-3.2%) from 2016

Expenses

Down

$302,168,133

Down $8,756,699 (-2.8%) from 2016

Net Income

Down

$16,436,412

Down $1,897,199 (-10%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600M$400M$200M$0Assets 2010: $271,586,869Liabilities 2010: $171,938,058Net Assets 2010: $99,648,8112010Assets 2011: $294,172,385Liabilities 2011: $171,661,484Net Assets 2011: $122,510,9012011Assets 2012: $309,449,197Liabilities 2012: $178,982,899Net Assets 2012: $130,466,2982012Assets 2013: $328,116,481Liabilities 2013: $175,948,707Net Assets 2013: $152,167,7742013Assets 2014: $350,941,120Liabilities 2014: $175,764,202Net Assets 2014: $175,176,9182014Assets 2015: $368,917,498Liabilities 2015: $169,815,090Net Assets 2015: $199,102,4082015Assets 2016: $390,426,678Liabilities 2016: $173,394,999Net Assets 2016: $217,031,6792016Assets 2017: $401,627,189Liabilities 2017: $163,611,198Net Assets 2017: $238,015,9912017Assets 2018: $422,989,152Liabilities 2018: $147,423,814Net Assets 2018: $275,565,3382018Assets 2019: $434,113,622Liabilities 2019: $141,148,902Net Assets 2019: $292,964,7202019Assets 2020: $428,238,780Liabilities 2020: $139,472,530Net Assets 2020: $288,766,2502020Assets 2021: $464,494,283Liabilities 2021: $149,790,121Net Assets 2021: $314,704,1622021Assets 2022: $425,356,665Liabilities 2022: $141,593,908Net Assets 2022: $283,762,7572022Assets 2023: $414,620,511Liabilities 2023: $156,195,903Net Assets 2023: $258,424,6082023Assets 2024: $402,718,318Liabilities 2024: $153,067,786Net Assets 2024: $249,650,5322024

Highlighted filing

2017

Assets$401,627,189
Liabilities$163,611,198
Net Assets$238,015,991

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400M$300M$200M$100M$0-$100MExpenses 2010: $237,867,1502010Expenses 2011: $248,866,6442011Expenses 2012: $263,923,2812012Expenses 2013: $265,436,4482013Revenue 2014: $291,548,604Expenses 2014: $276,664,139Net Income 2014: $14,884,4652014Revenue 2015: $316,845,300Expenses 2015: $295,005,728Net Income 2015: $21,839,5722015Revenue 2016: $329,258,443Expenses 2016: $310,924,832Net Income 2016: $18,333,6112016Revenue 2017: $318,604,545Expenses 2017: $302,168,133Net Income 2017: $16,436,4122017Revenue 2018: $342,941,542Expenses 2018: $322,729,537Net Income 2018: $20,212,0052018Revenue 2019: $339,725,000Expenses 2019: $325,465,730Net Income 2019: $14,259,2702019Revenue 2020: $329,823,958Expenses 2020: $327,799,021Net Income 2020: $2,024,9372020Revenue 2021: $308,951,361Expenses 2021: $310,031,085Net Income 2021: -$1,079,7242021Revenue 2022: $297,795,789Expenses 2022: $311,866,052Net Income 2022: -$14,070,2632022Revenue 2023: $275,176,420Expenses 2023: $308,552,689Net Income 2023: -$33,376,2692023Revenue 2024: $297,707,550Expenses 2024: $307,648,172Net Income 2024: -$9,940,6222024

Highlighted filing

2017

Revenue$318,604,545
Expenses$302,168,133
Net Income$16,436,412
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 9, 2018
Return Version
2016v3.1
Gross Receipts
$389,149,511
Mission and Program Overview

Mission

Fairleigh dickinson university is a center of academic excellence dedicated to the preparation of world citizens through global education. For more information see schedule o.

Fairleigh dickinson university is a center of academic excellence dedicated to the preparation of world citizens through global education. For more information see schedule o

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$191,503,647$191,239,063▼ $264,584
Savings and Temporary Cash Investments$105,119,076$102,190,515▼ $2,928,561
Investments in Publicly Traded Securities$71,631,751$63,807,303▼ $7,824,448
Investments Other Securities$30,000$25,497,741▲ $25,467,741
Accounts Receivable$17,377,620$14,696,100▼ $2,681,520
Pledges and Grants Receivable$2,724,770$2,375,318▼ $349,452
Prepaid Expenses and Deferred Charges$2,039,814$1,821,149▼ $218,665
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$390,426,678$401,627,189▲ $11,200,511
Other Assets Total$0$0→ $0
Liabilities
Tax Exempt Bond Liabilities$76,240,965$72,338,288▼ $3,902,677
Other Liabilities$68,796,913$66,449,008▼ $2,347,905
Accounts Payable and Accrued Expenses$25,389,935$21,274,360▼ $4,115,575
Deferred Revenue$2,967,186$3,549,542▲ $582,356
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Total Liabilities$173,394,999$163,611,198▼ $9,783,801
Net Assets / Fund Balance
Unrestricted Net Assets$170,031,939$186,179,887▲ $16,147,948
Temporarily Rstr Net Assets$24,693,373$28,954,650▲ $4,261,277
Permanently Rstr Net Assets$22,306,367$22,881,454▲ $575,087
Total Net Assets Fund Balance$217,031,679$238,015,991▲ $20,984,312
Total Liabilities and Net Assets / Fund Balance$390,426,678$401,627,189▲ $11,200,511

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$148,869,534$122,286,382$271,155,916
Equipment$16,796,353$25,920,452$42,716,805
Land$21,470,065-$21,470,065
Leasehold Improvements$2,963,554$1,391,289$4,354,843
Other Land Buildings$1,139,557-$1,139,557
Other Securities$17,722,108--
Closely Held Equity Interests$30,000--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$72,098,931$4,481,651▲ $9,930,430$1,556,769$83,299,964
2015$65,689,623$8,666,907▲ $481,385$1,270,233$72,098,931
2014$56,586,372$6,438,379▲ $4,913,420$905,937$65,689,623
2013$44,303,791$5,344,927▲ $8,752,321$623,818$56,586,372
2012$34,904,073$5,166,720▲ $5,734,012$499,681$44,303,791
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sheldon DruckerFmr Pres-admin Leave 6/30/16-$353,117$220,243$573,360
Christopher a CapuanoPresident & TrusteeFT$366,054$176,732$542,786
Richard P ReissSVP University AdvancementFT$271,181$134,044$405,225
Hania FerraraSVP Finance, COO & TreasurerFT$281,265$80,425$361,690
Joseph J KiernanFmr Provost-admin Leave6/30/16-$250,379$46,750$297,129
Michael J AvaltroniDean, School of PharmacyFT$223,180$71,996$295,176
Andrew J RosmanDean, Silberman CollegeFT$255,000$31,553$286,553
Kenneth T VehrkensDean, Petrocelli CollegeFT$217,669$63,373$281,042
Neal M SturmVP & Chief Information OfficerFT$204,000$75,061$279,061
Richard FrickVP Facilities & Auxiliary SvcsFT$197,065$66,337$263,402
Peter J WoolleyProvost Florham CampusFT$190,415$67,804$258,219
Greg HerendaHEAD COACH, MEN'S BASKETBALLFT$161,649$95,322$256,971
Geoffrey S WeinmanDean, Becton CollegeFT$192,499$59,713$252,212
Brian D DomenickAssociate VP, TechnologyFT$189,465$55,357$244,822
John M Codd EsqGeneral Counsel & SecretaryFT$197,532$38,099$235,631
Patti a MillsDean, University CollegeFT$192,383$43,058$235,441
Karen C DenningProfessor Economics, FinanceFT$161,531$53,264$214,795
Saul M KleinmanAssociate VP, MisFT$173,955$38,642$212,597
Jason a ScorzaVICE PROVOST, INT'L EDUCATIONFT$165,256$31,325$196,581
Robert F Vodde -start 7116Provost Metro CampusFT$161,620$30,815$192,435
Cecil a AbrahamsCampus Provost Fdu-vancouverFT$149,127$15,566$164,693
Gillian SmallUniv Provost&SVP-start 8/1/16FT$132,649$11,439$144,088
Martha C YoungAsst Secretary of the CorpFT$59,374$37,559$96,933

Highest Paid Contractors

ContractorServicesLocationCompensation
Compass GroupFood Service Mgmt2400 YORKMOUNT ROAD, Charlotte, NC 28217, Ca$8,249,380
Hollister Construction ServicesConstruction Svcs777 TERRACE AVENUE, Hasbrouck Heights, NJ 07604$5,564,495
Collins Building ServicesBuilding / Cleaning24-01 44TH ROAD, Long Island City, NY 11101$2,954,836
Advance At Park Place LLCReal Estate Mgmt225 PARK AVENUE, Florham Park, NJ 07932$2,841,515
Allied Properties Real EstateReal Estate Mgmt-$1,966,784
Revenue and Support

Revenue Composition

Contributions and Grants
$9,928,589
Program Service Revenue
$305,965,332
Investment Income
$1,385,424
Other Revenue
$1,325,200
All Other Contributions
$4,339,354
Change in Net Assets
$16,436,412

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded7$204,647Fair Market Value (FMV)
Works of Art1$25,000Expert Opinion
Drugs and Medical Supplies1$3,412Fair Market Value (FMV)
Other Non Cash Contri Table1$3,400Cost
Other Non Cash Contri Table1$525Selling Price
Other Non Cash Contri Table1$204Selling Price
Total Noncash Contributions12$237,188-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$127,124,450
Grants and Similar Amounts Paid$91,740,910
Other Expenses$83,179,437
Total Fundraising Expense$1,878,757
Professional Fundraising Fees$123,336

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$88,246,281$8,366,280$845,448$97,458,009
Grants to Domestic Individuals$88,939,679--$88,939,679
Occupancy$20,596,968$835,182-$21,432,150
Depreciation Depletion$11,740,806$784,221-$12,525,027
Fees for Services Other$11,119,863$1,163,914$10,902$12,294,679
Other Employee Benefits$8,708,581$1,737,046$195,699$10,641,326
Information Technology$6,795,248$1,128,461-$7,923,709
Payroll Taxes$6,637,025$749,317$84,420$7,470,762
Office Expenses$6,412,673$822,614$107,925$7,343,212
Pension Plan Contributions$5,455,745$615,951$69,394$6,141,090
Current Officers, Directors, Trustees, and Key Employees$2,237,763$1,817,946$363,664$4,419,373
Conferences and Meetings$3,788,408$361,241$63,092$4,212,741
Insurance$3,151,421$993,032-$4,144,453
Travel$3,242,190$228,454$12,028$3,482,672
Foreign Grants$2,726,231--$2,726,231
Interest$2,640,875$30,453-$2,671,328
All Other Expenses$1,690,447$139,660$2,048$1,832,155
Advertising$1,175,025$416,866-$1,591,891
Comp Disqual Persons$101,508$892,382-$993,890
Other Expenses$383,457$225,137$801$609,395
Fees for Services Legal-$440,942-$440,942
Fees for Services Accounting-$272,779-$272,779
Fees for Service Investment Mgmnt Fees-$194,476-$194,476
Fees for Services Professional Fundraising--$123,336$123,336
Grants to Domestic Orgs$75,000--$75,000
Fees for Services Lobbying$51,794--$51,794
Royalties$11,388$6,645-$18,033
Total Functional Expenses$278,066,377$22,222,999$1,878,757$302,168,133
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Borough of Florham Park First AidFlorham Park, NJFlorham Park PDGeneral Support General Support$12,000
Borough of Florham Park PoliceFlorham Park, NJFlorham Park PDGeneral Support General Support$10,000
Township of Teaneck Fire DeptTeaneck, NJTeaneckGeneral Support$8,000
Township of Teaneck Police DeptTeaneck, NJTeaneckGeneral Support$8,000
Township of Teaneck Public Trust FundTeaneck, NJTeaneckGeneral Support$8,000
Township of Teaneck Vol AmbulanceTeaneck, NJTeaneckGeneral Support$8,000
Borough of Florham Park Fire DeptFlorham Park, NJFlorham Park PDGeneral Support General Support$6,000

International Summary

Offices
2
Employees
106
Spending
$15,991,315

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
Yes
Foreign corporation ownership
Yes
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
North AmericaProgram ServicesHigher Education171$5,971,827
Central America and the CaribbeanInvestments---$3,941,944
Europe (Including Iceland and Greenland)Program ServicesHigher Education135$2,053,682
North AmericaProgram ServicesFinancial Aid--$1,530,610
Europe (Including Iceland and Greenland)Program ServicesScholarships--$1,195,621
East Asia and the PacificProgram ServicesRecruitment--$569,548
Europe (Including Iceland and Greenland)Program ServicesStudy Abroad--$236,537
Europe (Including Iceland and Greenland)Program ServicesMBA Study Abroad--$138,880
South AsiaProgram ServicesRecruitment--$135,875
East Asia and the PacificProgram ServicesStudy Abroad--$38,726
Middle East and North AfricaProgram ServicesRecruitment--$36,050
Central America and the CaribbeanProgram ServicesStudy Abroad--$32,600
North AmericaProgram ServicesRecruitment--$30,727
Europe (Including Iceland and Greenland)Program ServicesRecruitment--$22,000
South AmericaProgram ServicesStudy Abroad--$21,600
Sub-Saharan AfricaProgram ServicesRecruitment--$9,600
Europe (Including Iceland and Greenland)Program ServicesBusiness Meetings--$7,997
South AmericaProgram ServicesRecruitment--$6,953
North AmericaProgram ServicesConsultants--$5,955
Middle East and North AfricaProgram ServicesBusiness Meetings--$3,033
Central America and the CaribbeanProgram ServicesRecruitment--$1,550
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$287,405
Professional Fundraising Fees$123,336
Fundraising Gross Income$112,018
Gaming Direct Expenses$0
Gaming Gross Income$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Charter Day$423,919$32,100$41,625$-9,525
Shields Golf$77,265$27,528$4,424$23,104
Total Events$635,195$112,018$287,405$-175,387
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Substantial Contributor 29Substantial ContributorConstruction ServicesNo$5,422,894
Substantial Contributor 13Substantial ContributorBuilding Cleaning SvcNo$3,199,792
Substantial Contributor 33Substantial ContributorBldg and MechanicalNo$1,844,870
Substantial Contributor 16Substantial ContributorMedical Service ProviderNo$822,534
Mary K DouglasFamily of Current OfficerEmployee CompensationNo$74,808
Karen a VerhkensFamily of Key EmployeeEmployee CompensationNo$13,400
Kenneth J VerhkensFamily of Key EmployeeEmployee CompensationNo$13,300

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Post-retirement Benefit Liabilty$37,490,772
Fin 47 Asset Retirement Obligation$13,720,381
U.s. Govt Grants Refundable$9,844,863
Deferred Liabilities$3,781,956
Miscellaneous Other$1,611,036

Bond Issues

BondIssuerIssuedIssue PricePurpose
CNj Educational Facilities Auth - 2014 Series B2014-01-16$51,925,000Refunding njefa 2002 series d & de
ANj Educational Facilities Auth - (cif) Series B2016-12-20$30,676,062Renovate florham school of pharm
BNj Educational Facilities Auth - 2015 Series B2015-04-13$19,675,000Refunding of 2004 series c
ANj Educational Facilities Auth - 2006 Series G & H2006-06-29$16,652,544Ref of njefa 1997, 1998 & 2004
DNj Educational Facilities Auth - (cif) Series B2014-04-29$582,000Florham campus science bldg revona

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
C$51,925,000$47,655,025$7,080,000$396,162
B$19,675,000$18,213,303$5,265,000$186,144
A$16,652,544$15,246,502$5,981,308$277,407
A$2,877,219$0$0$23,124
D$585,253$196,968$330,000$3,423

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
Yes
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B

The university's board of trustees assigned the primary responsibility for the detailed review of form 990 to the finance, audit, and budget committee (the "fabc") of the board. The fabc has worked closely with management to become familiar with the requirements and to ensure that university policies and procedures accurately reflect its operations. Form 990 was reviewed by management with oversight responsibility prior to the submission to the governing body for review. The fabc reviewed the form 990 (excluding schedule b due to the confidential nature of the information) at its meeting on april 26, 2018 after receiving a draft document several days in advance. This review also included the university's officers. The draft form 990 is subsequently revised and distributed (excluding schedule b) by mail to all members of the board of trustees allowing sufficient time for their review prior to filing. Line 11, part vi is checked no because the board of trustees is provided with a public inspection copy of the return without schedule b.

Form 990, Part VI, Line 12C

Fairleigh dickinson university is committed to the highest standards of ethics in all aspects of the operation of the university and has a written conflict of interst policy for all members of the university community that includes trustees, officers, faculty members, staff members, student employees, consultants or anyone else who has an official affiliation with the university. The policy requires trustees, officers, faculty members, and staff members to avoid conflicts of interest and the appearance of impropriety in university transactions. Trustees, officers, and key employees are required to provide a signed conflict of interest disclosure annually to the university's general counsel, who is responsible for the administration of the policy. The policy states that no member shall make recommendations, vote, deliberate, or participate in decision-making were a conflict exists. The university's conflict of interest policy is also available on the university's website. The policy calls for any member of the university to make disclosure regarding policy violations to the general counsel for investigation. In addition, the university's finance department monitors payment requests and flags questionable items. Such items are referred to the general counsel for analysis, investigation and guidance.

Form 990, Part VI, Line 15A

The board of trustees compensation committee is responsible for making recommendations to the board of trustees executive committee concerning compensation of the university president, and setting compensation and other terms and conditions of employment for officers of the university in consultation with the president. The process for determining compensation includes retaining an independent firm to study executive compensation to assure that the compensation of each officer is consistent with market trend and in compliance with regulations. The most recent study was completed in 2017. The compensation committee is also responsible for conducting or commissioning any necessary survey or studies, and to report the results to the board of trustees. Meetings and decisions of the committee are documented contemporaneously in committee minutes.

Form 990, Part VI, Line 18

The university's form 990, form 990-t and form 1023 are made available to the general public by written request to the associate vice president of finance, fairleigh dickinson university, 1000 river road, teaneck, nj 07666-1914, or by visiting either one of the university campus libraries located in teaneck and madison, nj.

Form 990, Part VI, Line 19

The university's conflict of interest policy and financial statements are made available to the general public on the university's website at www.fdu.edu/. The conflict of interest policy, financial statements, and governing documents are also available upon written request to the associate vice president of finance, 1000 river road, teaneck, nj 07666-1914.

Filing and Contact Details

Filer

Filer Name
Fairleigh Dickinson University
EIN
22-1494434
In Care Of
% HANIA FERRARA-SVP FINANCE&AD
Phone
2016922381
Address
1000 RIVER ROAD MAIL CODE H-DH1-01, TEANECK, NJ 07666-1914

Signing Officer

Name
Hania Ferrara
Title
SVP Finance & Admin
Signed
2018-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christopher a Capuano
Formed
1942
Legal Domicile
Nj
Voting Board Members
28
Independent Board Members
27
Employees
4,567
Volunteers
172

Preparer

Firm
Kpmg Llp
Address
345 Park Avenue, New York, NY 10154-0102
Preparer
phillip groff
Phone
2127589700
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 1

ORGANIZATION'S MISSION: Fairleigh Dickinson University is a center of academic excellence dedicated to the preparation of world citizens through global education. The University strives to provide students with THE multi-disciplinary, intercultural, and ethical understandings necessary to participate, lead, and prosper in the global marketplace of ideas, commerce and culture.

Form 990, Part III, Line 4A

Higher Education Instruction - Fairleigh Dickinson University was founded in 1942, and is the largest independent nonsectarian institution of higher education in New Jersey. The University educates approximately 12,000 undergraduate and graduate students in New Jersey, and more than 700 undergraduate students in Vancouver, British Columbia, Canada. With a wide range of academic programs and two main campuses in New Jersey, each with its own identity and separate mission, the University preserves the intimacy of a small college within a large suburban institution. The Florham Campus in Morris County, New Jersey is a picture perfect collegiate environment. Ivy-covered buildings, a strong student life program, and traditional amenities and activities make Florham a picturesque learning environment. The Metropolitan Campus in Teaneck and Hackensack, New Jersey is by contrast a fast-paced, professionally oriented environment that feeds off the energy of nearby New York City. Many of the University's business, professional, science, and healthcare programs are based at the Metropolitan Campus. The AACSB-accredited Silberman College of Business provides career-focused preparation in entrepreneurial studies, accounting, marketing, finance, information systems, and management through BS, MS and MBA degrees, including AN Executive MBA Located in the heart of the US pharmaceutical industry. Fairleigh Dickinson University's School of Pharmacy in Morris County, New Jersey, has unveiled a dynamic curriculum incorporating technology, a global perspective, and multiple master's degree options. The University has taken a prominent leadership role in educating veterans and welcomed to campus a strong contingent under the new GI Bill. Fairleigh Dickinson University was one of just 20 US institutions to receive a Veterans Award Grant form the American Council on Education (ACE) and the Walmart Foundation. The University also operates international campuses, The Wroxton College in Oxfordshire, England and Fairleigh Dickinson University Vancouver Campus in British Columbia, Canada. Courses are also offered at many locations throughout the State of New Jersey and through on-line courses accessible from anywhere in the World. The University offers over 100 degree programs at the associate, baccalaureate, master's and doctorate levels. Its wide range of offerings include a variety of innovative programs in education, nursing, psychology, business, computer science, visual arts, and public administration. Fairleigh Dickinson University's Paralegal Studies program is an American Bar Association accredited program, and was voted first in the state for paralegal education in a 2012 New Jersey Law Journal poll. A new state-of-the-art cyber crime laboratory extends FDU's already widely respected graduate and certificate programs in computer security and forensics and global security and terrorism studies. The University both defines and responds to the changing needs of society.

Form 990, Part III, Line 4C

Higher Education Research - Investigation and experimental activities for the purpose of discovery and revision of accepted conclusions undertaken for the benefit of the community at large. The Silberman College of Business sponsors a series of business research studies that involve faculty and students. The College publishes several working papers series and The Journal of Pharmaceutical Chemical Business. University College Arts, Science, Professional Studies Metropolitan Campus, houses the clinical psychology and school of psychology doctoral programs where students and faculty do research in such areas as behavioral medicine, cognitive, psychological and psych-educational testing and women's issues. In the Maxwell Becton College of Arts and Sciences, research efforts are particularly prominent in the psychology, English, social sciences and communication disciplines. The psychology department at the Florham Campus in Morris County emphasizes experimental, industrial/organization psychology and clinical counseling.

Form 990, Part XI, Line 9

Change in post retirement benefit (4,527,476) change in fmv of trusts 42,758 --------------- (4,484,718)

Financial Statement Notes

Schedule D, Part V, Line 4

The university's endowment fund provides continuous support for student assistance, faculty retention and recruitment, and essential maintenance of our campuses. Endowed scholarships enable the university to expand need and merit based awards. Programmatic endorsements allow for overall enhancement of programs such as technology, research, library acquisitions, and closest to the mission of the university, global education and research benefiting student learning and faculty instruction. Faculty endowments include endowed chairs and endowed professorships.

Schedule D, Part X, Line 2

The university is exempt from federal income taxes under section 501(c)(3) of the internal revenue code. The university's wholly owned subsidiary, harbinger corporation, currently inactive, is subject to income tax. There are certain transactions that could be deemed unrelated business income and would result in a tax liability. Management reviews transactions to estimate potential tax liabilities using a threshold of more likely than not. It is management's estimation that there are no material tax liabilities that need to be recorded.

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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt180
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt190
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt200
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt210
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt220
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt230
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt240
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt250
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt260
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt270
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt280
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt290
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt3015566
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt3126658
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt3260025
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt3350666
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt34102007
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt3565492
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt3655716
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt3737559
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt3811439
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt3917535
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt4059380
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt4134146
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt4220978
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt4348999
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt4450156
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt4543852
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt4649414
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt4743495
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt4824923
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt4933753
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt5036441
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt5158438
IRS990/Form990PartVIISectionAGrp/PersonNm0CHRISTOPHER A CAPUANO
IRS990/Form990PartVIISectionAGrp/PersonNm1ANTHONY P AMBROSIO
IRS990/Form990PartVIISectionAGrp/PersonNm2CHERYL K BEEBE
IRS990/Form990PartVIISectionAGrp/PersonNm3BRENDA BLACKMON
IRS990/Form990PartVIISectionAGrp/PersonNm4ELIZABETH A CATRINI
IRS990/Form990PartVIISectionAGrp/PersonNm5MICHAEL J CLARKE
IRS990/Form990PartVIISectionAGrp/PersonNm6ROSEMARY ESPANOL
IRS990/Form990PartVIISectionAGrp/PersonNm7ANGELIKI FRANGOU
IRS990/Form990PartVIISectionAGrp/PersonNm8ROBERT M HALLENBECK ESQ
IRS990/Form990PartVIISectionAGrp/PersonNm9FRANKLYN G JENIFER
IRS990/Form990PartVIISectionAGrp/PersonNm10STEWART KRENTZMAN
IRS990/Form990PartVIISectionAGrp/PersonNm11DANIEL C LEWIS
IRS990/Form990PartVIISectionAGrp/PersonNm12WINSTON I LOWE ESQ
IRS990/Form990PartVIISectionAGrp/PersonNm13DONNA DELPRETE MARKI
IRS990/Form990PartVIISectionAGrp/PersonNm14KENNETH E MILLER
IRS990/Form990PartVIISectionAGrp/PersonNm15MICHAEL D MOSS
IRS990/Form990PartVIISectionAGrp/PersonNm16RALPH W MUCERINO
IRS990/Form990PartVIISectionAGrp/PersonNm17VINCENT NAIMOLI
IRS990/Form990PartVIISectionAGrp/PersonNm18GREGORY H OLSEN
IRS990/Form990PartVIISectionAGrp/PersonNm19WILLIAM L O'NEILL DDS
IRS990/Form990PartVIISectionAGrp/PersonNm20ANTOINETTE PETROCELLI
IRS990/Form990PartVIISectionAGrp/PersonNm21ROBERT J PURES
IRS990/Form990PartVIISectionAGrp/PersonNm22HOWARD W ROBIN
IRS990/Form990PartVIISectionAGrp/PersonNm23ROBERT T SALTARELLI
IRS990/Form990PartVIISectionAGrp/PersonNm24PAUL C SANTUCCI
IRS990/Form990PartVIISectionAGrp/PersonNm25MOLLY EASO SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm26MARTA L TELLADO
IRS990/Form990PartVIISectionAGrp/PersonNm27ANTHONY J VESPA
IRS990/Form990PartVIISectionAGrp/PersonNm28STEVEN S WEINSTEIN
IRS990/Form990PartVIISectionAGrp/PersonNm29PATRICK J ZENNER
IRS990/Form990PartVIISectionAGrp/PersonNm30CECIL A ABRAHAMS
IRS990/Form990PartVIISectionAGrp/PersonNm31JOHN M CODD ESQ
IRS990/Form990PartVIISectionAGrp/PersonNm32HANIA FERRARA
IRS990/Form990PartVIISectionAGrp/PersonNm33RICHARD FRICK
IRS990/Form990PartVIISectionAGrp/PersonNm34RICHARD P REISS
IRS990/Form990PartVIISectionAGrp/PersonNm35NEAL M STURM
IRS990/Form990PartVIISectionAGrp/PersonNm36PETER J WOOLLEY
IRS990/Form990PartVIISectionAGrp/PersonNm37MARTHA C YOUNG
IRS990/Form990PartVIISectionAGrp/PersonNm38GILLIAN SMALL

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$403$153$250$298$308$9.94
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$415$156$258$275$309$33.4
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$425$142$284$298$312$14.1
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$464$150$315$309$310$1.08
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$428$139$289$330$328$2.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$434$141$293$340$325$14.3
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$423$147$276$343$323$20.2
2017Detailed filing. Detailed filing data is available for this year.$402$164$238$319$302$16.4
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$390$173$217$329$311$18.3
2015Detailed filing. Detailed filing data is available for this year.$369$170$199$317$295$21.8
2014Detailed filing. Detailed filing data is available for this year.$351$176$175$292$277$14.9
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$328$176$152$265
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$309$179$130$264
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$294$172$123$249
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$272$172$99.6$238