Mcphs University
91% goes to programs $23 to raise $100 Strong reserves
Mcphs University is a 501(c)(3) organization based in Boston, Massachusetts, registered in 1934, with $351,899,896 in FY2023 revenue. CharityIndex grades it A, and it directs about 91% of spending to programs.
179 Longwood Ave, Boston, MA, 02115 EIN 04-2104700 Since 1934
Revenue (FY2023)
$351.9M
▲ 2.8% vs prior year
Education median: $200K
Expenses (FY2023)
$295.2M
Net assets
$2.1B
Employees
2,988
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
B+Program efficiency40% of the rating91% to programs · $23 to raise $100
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 Mcphs University: 91% to programs · $23 to raise $100 earns a B+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating85 mo reserves · +16% margin
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 Mcphs University: 85 mo reserves · +16% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
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 Mcphs University: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
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 Mcphs University: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Mcphs university is a private, accredited educational institution specializing in preparing students for medical careers by providing intensive programs of study in pharmacy and other health sciences.
What they do
The university provided residence hall accomodations for students.
The university provided continuing education courses and programs for pharmacists and other health care professionals.
Contact & location
- Address
- 179 Longwood Ave, Boston, MA, 02115
- City
- Boston
- State
- Massachusetts
- Category
- Education
- Subcategory
- Graduate & Professional Schools
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $262.9M (FY2013) to $351.9M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $152.8MNet assets $2.1B
Operating margin
16.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.2B
Total liabilities
$152.8M
Net assets
$2.1B
Salaries & benefits
$150.4M
51% of expenses
Board members
14
14 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $351,899,896▲2.8% | $295,156,173▲3.6% | $2,079,396,374▲11.3% | $2,232,149,877▲11.0% | 990 |
| 2022 | $342,287,085▼19.5% | $284,766,135▲2.3% | $1,867,779,474▲11.6% | $2,010,373,778▲9.9% | 990 |
| 2021 | $425,452,913▲13.7% | $278,238,989▲12.7% | $1,672,977,418▼8.6% | $1,828,702,247▼8.5% | 990 |
| 2020 | $374,201,406▲8.4% | $246,961,299▲2.9% | $1,830,954,454▲33.9% | $1,998,877,330▲34.5% | 990 |
| 2019 | $345,361,919▲5.3% | $239,929,416▲8.4% | $1,367,652,875▲7.1% | $1,486,480,487▲6.1% | 990 |
| 2018 | $327,988,674▼9.9% | $221,429,230▲7.5% | $1,277,055,695▲10.5% | $1,401,367,293▲8.8% | 990 |
| 2017 | $364,021,727▲18.6% | $206,050,084▲6.9% | $1,156,210,255▲16.3% | $1,287,733,230▲14.3% | 990 |
| 2016 | $307,058,276▲3.4% | $192,670,517▲7.1% | $994,354,680▲22.9% | $1,126,144,590▲18.8% | 990 |
| 2015 | $297,006,177▲1.6% | $179,925,771▲8.4% | $808,864,428▲10.7% | $948,098,201▲8.8% | 990 |
| 2014 | $292,212,233▲11.1% | $166,016,300▲6.5% | $730,512,989▲15.4% | $871,200,925▲12.3% | 990 |
| 2013 | $262,920,080 | $155,830,137▲11.9% | $633,050,739▲29.7% | $775,894,544▲22.2% | 990 |
| 2012 | — | $139,307,273▲10.6% | $488,258,684▲28.4% | $635,143,562▲20.4% | 990 |
| 2011 | — | $125,955,045▲12.6% | $380,169,771▲18.9% | $527,631,157▲12.7% | 990 |
| 2010 | — | $111,823,824▲9.5% | $319,733,734▲29.5% | $468,257,788▲17.7% | 990 |
| 2009 | — | $102,078,638 | $246,927,892 | $397,695,896 | 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.
Leadership & compensation (FY2023)
Highest-paid: Richard J Lessard — $1,317,044 (0.45% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Richard J Lessard | President | 55 | $1,317,044 |
| Caroline Zeind | Vpaa - Provost | 55 | $742,393 |
| Keith A Bellucci | Chief Financial Officer | 55 | $617,370 |
| Thomas A Scanlon | Chief Information Officer | 55 | $471,565 |
| Charles Breckling | Chief Digital Marketing Officer | 55 | $366,430 |
| Robert Dicenzo | Dean | 55 | $361,825 |
| Kevin M Dolan | Chief Human Resources Officer | 55 | $356,335 |
| Kevin M Mcgovern | Software Director | 55 | $332,766 |
| Ashleigh C Jones | Chief Business Officer | 55 | $316,777 |
| Susan L Gorman | Chief Advancement Officer | 55 | $301,195 |
| Delia M Anderson | Dean | 55 | $300,320 |
| Tammy Gravel | Dean | 55 | $295,551 |
| Eric Thompson | Chief Enrollment Officer | 55 | $290,935 |
| Anna Morin | Associate Provost | 55 | $282,641 |
| Stephen Kerr | Fmr. Interim Dean/current Professor | 55 | $252,762 |
| Carol Bright | Trustee | 5 | — |
| Christopher Flynn | Trustee | 5 | — |
| David L Maher | Ex-officio Trustee | 5 | — |
| Emery W Johnson | Trustee | 5 | — |
| Gail P Bucher | Trustee | 5 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Sodexo Inc & Affiliates | Dining Services | $2,746,828 |
| Signature Printing & Consulting | Media Consulting | $1,482,367 |
| Harvard Maintenance | Maintenance Services | $876,922 |
| Professional Staffing Group | Staffing Services | $784,403 |
| Securitas Security Services | Security Services | $756,509 |
Grants received · $1.6M total
35 grants to Mcphs University totaling $1.6M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Fidelity Non-profit Management Foundation | Program pilot | 2024 | $330,000 |
| Hispanic Scholarship Fund | To provide scholarships for students | 2024 | $84,053 |
| American Online Giving Foundation Inc | General support | 2024 | $8,381 |
| Fidelity Non-profit Management Foundation | Technology & equipment | 2023 | $460,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $58,000 |
| Hispanic Scholarship Fund | To provide scholarships for students | 2023 | $45,133 |
| President and Fellows of Harvard College | Sponsored research sub-award | 2023 | $25,133 |
| Mass General Brigham Incorporated | Community benefit program | 2023 | $10,000 |
| Greater Hartford Gives Foundation | Scholarships | 2023 | $7,000 |
| American Online Giving Foundation Inc | General support | 2023 | $6,749 |
| Worcester Polytechnic Institute | Research | 2022 | $11,100 |
| Mass General Brigham Incorporated | Community benefit program | 2022 | $10,000 |
| Greater Hartford Gives Foundation | Scholarships | 2022 | $8,044 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $6,550 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $80,650 |
Grants made · $800K in FY2015
1 grant totaling $800K in FY2015. All grants made by Mcphs University →
| Recipient | Purpose | Amount |
|---|---|---|
| New England School of Acupuncture Inc | Unrestricted | $800,000 |
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Compare Mcphs University
Frequently asked questions
- Is Mcphs University a legitimate nonprofit?
- Yes. Mcphs University is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 04-2104700, based in Boston, Massachusetts. Donations are tax-deductible.
- What is Mcphs University's EIN?
- Mcphs University's Employer Identification Number (EIN) is 04-2104700.
- How much revenue does Mcphs University report?
- Mcphs University reported $351,899,896 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Mcphs University's spending goes to programs?
- Mcphs University spends about 91% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Mcphs University have?
- CharityIndex grades Mcphs University A, based on program efficiency and fundraising cost.
- How much does Mcphs University's highest-paid employee make?
- The highest reported compensation on Mcphs University's latest Form 990 is $1,317,044, paid to Richard J Lessard (President).
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Explore more
Data for Mcphs University (EIN 04-2104700) 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.