Centenary University is a 501(c)(3) organization based in Hackettstown, New Jersey, registered in 1960, with $53,300,151 in FY2023 revenue. CharityIndex grades it C+, and it directs about 91% of spending to programs.
Revenue (FY2023)
$53.3M
▲ 2.7% vs prior year
Education median: $200K
Expenses (FY2023)
$54.1M
Net assets
-$14.6M
Employees
640
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Centenary University: 91% to programs · $18 to raise $100 earns a C+ on this criterion. See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Centenary University: 0 mo reserves · -1% margin earns a D on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Centenary University: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Centenary University: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Centenary university delivers accredited degree programs and comprehensive learning experiences to prepare students for regional and global professions of critical thought and purposeful action within a supportive environment immersed in a culture of service.significant activities for the year included exploring new programmatic and revenue generating opportunities for the university. centenary launched its master of arts in happiness studies in fall 2022, developed an rn to bsn program scheduled to launch in fall 2023, established a relationship with a local community college to house their students on the centenary campus and exploring/developing academic programming for middle and high school students during the summer.
Auxiliary services at centenary university are organized to support student activities and provide student housing and other facilities and services for the benefit of centenary university students. university dormitories consist of 8 residence halls and provide living quarters for approximately 756 students. auxiliary services also provide recreational facilities, in-person and remote events, wellness and dining services, parking, and other student services.
Revenue grew from $44.5M (FY2014) to $53.3M (FY2023) across 10 reported years.
Financial snapshot
Operating margin
-1.5%
Spent more than it raised in the latest fiscal year.
Total assets
$25.1M
Total liabilities
$39.7M
Net assets
-$14.6M
Salaries & benefits
$16.2M
30% of expenses
Board members
24
24 independent
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $53,300,151▲2.7% | $54,083,099▼4.3% | -$14,628,279▼12.7% | $25,076,601▼11.0% | 990 |
| 2022 | $51,881,982▼7.7% | $56,531,265▼1.7% | -$12,979,640▼41.4% | $28,189,563▼3.0% | 990 |
| 2021 | $56,230,393▲3.9% | $57,530,891▲8.3% | -$9,176,186▼112% | $29,048,336▼17.0% | 990 |
| 2020 | $54,102,047▼6.3% | $53,099,285▼1.3% | -$4,324,675▲34.8% | $35,003,716▲7.1% | 990 |
| 2019 | $57,760,457▲4.5% | $53,817,997▼8.8% | -$6,636,460▲35.0% | $32,681,476▼11.5% | 990 |
| 2018 | $55,266,355▼10.8% | $59,013,590▼5.2% | -$10,216,350▼121% | $36,912,471▼60.4% | 990 |
| 2017 | $61,958,347▲1.0% | $62,268,757▼7.5% | $47,542,988▲1.0% | $93,250,585 | 990 |
| 2016 | $61,363,595▲46.0% | $67,298,308▲54.1% | $47,059,641▼7.2% | $93,235,010▲0.8% | 990 |
| 2015 | $42,030,497▼5.5% | $43,663,676▼1.6% | $50,737,064▼3.1% | $92,528,942▼4.9% | 990 |
| 2014 | $44,492,923 | $44,392,361▼1.0% | $52,370,243▲3.0% | $97,301,852▲1.9% | 990 |
| 2012 | — | $44,833,607▼2.5% | $50,828,490▲6.1% | $95,481,450▼0.3% | 990 |
| 2011 | — | $45,982,591▲0.8% | $47,903,965▼1.0% | $95,790,082▲0.2% | 990 |
| 2010 | — | $45,639,147▲3.7% | $48,375,138▲3.3% | $95,611,051▼0.8% | 990 |
| 2009 | — | $43,999,039 | $46,845,237 | $96,373,791 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Highest-paid: Denton Stargel — $196,561 (0.36% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Denton Stargel | Vp Business & Finance/cfo | 35 | $196,561 |
| Bruce Murphy | Former President | 0 | $178,694 |
| Dr Dale Caldwell | President | 35 | $151,359 |
| Kerry Mullins-montane | Vp Student Life/dean of Students | 35 | $145,613 |
| Robert Miller | Vp Enrollment Managment | 35 | $142,176 |
| Vincent Bilello | Controller | 35 | $103,437 |
| Lisa Plantamura Dean For | Innovation & Instructional Design | 35 | $101,850 |
| Alden Siegel | Trustee, Thru | 3 | — |
| A Lynn Moran | Trustee, Thru | 3 | — |
| Angela Rodriguez-moore | Trustee | 3 | — |
| Audrey Bonaparte-watts | Secretary, Thru | 3 | — |
| Bishop John R Schol | Trustee | 3 | — |
| Carol Valentine Allen | Trustee | 3 | — |
| Cathleen Compoli | 2nd Vice Chair | 3 | — |
| Darlene Panzitta | Trustee, Thru | 3 | — |
| David D Dallas | 3rd Vice Chair | 3 | — |
| David Johnson | Treasurer | 3 | — |
| Denise Blasevick | Trustee, Thru | 3 | — |
| Dr Denise Littleton | Trustee | 3 | — |
| Dr Edward Yaw | Trustee, Thru | 3 | — |
| Contractor | Services | Paid |
|---|---|---|
| Sodexo Inc & Affiliates | Food Services | $1,993,251 |
| Ellucian Company LP | Information Technology Services | $1,730,877 |
| National Management Resources | Maintenance Services | $1,592,442 |
| Happiness Studies Academy LLC | Education Services | $845,530 |
| Eab Global Inc | Recruitment Services | $593,932 |
35 grants to Centenary University totaling $1.8M, reported by foundations on their Schedule I filings — showing the 15 most recent.
Explore more
Data for Centenary University (EIN 22-1500484) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.