Monmouth University Inc
85% goes to programs $10 to raise $100 Strong reserves
Monmouth University Inc is a 501(c)(3) organization based in W Long Branch, New Jersey, registered in 1958, with $282,566,733 in FY2023 revenue. CharityIndex grades it A, and it directs about 85% of spending to programs.
400 Cedar Ave, W Long Branch, NJ, 07764 EIN 21-0634584 Since 1958
Revenue (FY2023)
$282.6M
▲ 2.8% vs prior year
Education median: $200K
Expenses (FY2023)
$264.2M
Net assets
$422.7M
Employees
2,902
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating85% to programs · $10 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 Monmouth University Inc: 85% to programs · $10 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating19 mo reserves · +6% 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 Monmouth University Inc: 19 mo reserves · +6% margin earns a A 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 Monmouth University Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 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 Monmouth University Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Monmouth university is a comprehensive institution of higher education (continued on sch. o) committed to excellence and integrity in teaching, scholarship and service.
Contact & location
- Address
- 400 Cedar Ave, W Long Branch, NJ, 07764
- City
- W Long Branch
- State
- New Jersey
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $222.1M (FY2013) to $282.6M (FY2023) across 10 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $49.4MNet assets $422.7M
Operating margin
6.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$472.1M
Total liabilities
$49.4M
Net assets
$422.7M
Salaries & benefits
$117.7M
45% of expenses
Board members
33
31 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $282,566,733▲2.8% | $264,233,676▲1.0% | $422,739,084▲7.5% | $472,111,014▲7.1% | 990 |
| 2022 | $274,830,004▲2.2% | $261,711,486▼2.1% | $393,387,950▲5.3% | $440,888,728▲2.6% | 990 |
| 2021 | $269,032,523▲5.2% | $267,428,151▲4.4% | $373,619,094▼3.5% | $429,689,394▼0.8% | 990 |
| 2020 | $255,716,503▼2.3% | $256,110,405▼1.5% | $387,271,083▲6.8% | $433,315,902▲6.8% | 990 |
| 2019 | $261,817,017▼2.3% | $260,074,930▲0.2% | $362,482,714▼0.1% | $405,562,336▼1.7% | 990 |
| 2018 | $267,863,468▲1.6% | $259,619,061▲4.7% | $362,704,830▲3.0% | $412,411,082▲1.8% | 990 |
| 2017 | $263,657,696▲8.4% | $248,074,551▲10.7% | $352,223,925▲12.3% | $405,122,489▲10.0% | 990 |
| 2015 | $243,260,002▲6.7% | $224,094,570▲4.4% | $313,513,919▲5.6% | $368,184,917▲4.4% | 990 |
| 2014 | $227,905,016▲2.6% | $214,745,002▲6.8% | $297,002,949▲5.3% | $352,823,962▲3.1% | 990 |
| 2013 | $222,062,897 | $201,009,569▲1.3% | $282,071,561▲11.2% | $342,054,472▲10.6% | 990 |
| 2012 | — | $198,444,075▲3.8% | $253,666,681▲5.9% | $309,315,552▲7.0% | 990 |
| 2011 | — | $191,119,153▲2.8% | $239,531,339▲3.2% | $289,080,402▲3.0% | 990 |
| 2010 | — | $185,896,899▲6.9% | $232,156,116▲6.8% | $280,655,014▲1.1% | 990 |
| 2009 | — | $173,977,954 | $217,427,528 | $277,713,537 | 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: Patrick F Leahy — $844,789 (0.32% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Patrick F Leahy | President | 63 | $844,789 |
| King D Rice | Head Mens Basketball Coach | 40 | $577,418 |
| William Craig | Former Vp For Finance | 0 | $372,485 |
| Prakasam R Devasagayam | Dean of Business School | 50 | $315,700 |
| Mary Anne Nagy | Former Vp For Student Services | 0 | $312,639 |
| Robert Mccaig | Vp Enrollment Management & Marketing | 55 | $273,096 |
| Amanda M Klaus | Vp University Advancement | 55 | $269,182 |
| Charlene K Diana | Vp and General Counsel | 55 | $265,803 |
| Pamela Scott-johnson - Provost | & Sr. Vp Acad. Aff. (thru 07/2023) | 55 | $264,637 |
| Anthony Macdonald | Director Urban Coast Institute | 40 | $255,763 |
| Edward Christensen | Vp / Information Management | 55 | $254,274 |
| David Golland - Dean of | Sch. of Humanities & Social Sciences | 50 | $254,112 |
| Kevin J Callahan | Head Football Coach | 40 | $252,455 |
| Patrick Murray | Director / Polling Institute | 40 | $252,149 |
| Richard F Veit Jr - Provost | & Sr. Vp Acad. Aff. (as of 04/2024) | 55 | $233,473 |
| Rekha Datta | Professor | 40 | $232,593 |
| Susan Gupta | Associate Provost | 55 | $219,193 |
| Robyn Salvo | Associate Vp Human Resources | 55 | $194,650 |
| Mary Byrne | Associate Vp and Controller | 55 | $190,551 |
| Timothy Orr - Exec Dir | Campus Planning / Facilities | 55 | $189,823 |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Compass Group USA Inc DBA Gourmet Din | Food Service | $7,555,978 |
| Corporate Incentives Inc DBA Ci-gro | Advertising | $874,903 |
| Magnolia Development | Building Contractor | $638,257 |
| Thomas Farrell Landscape Supply Inc | Landscaping | $634,218 |
| Trane Us Inc | Hvac Maintenance | $627,863 |
Grants received · $21.0M total
99 grants to Monmouth University Inc totaling $21.0M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Ayco Charitable Foundation | Education | 2024 | $110,000 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Education | 2024 | $30,000 |
| Institute of Electrical and Electronics Engineers Inc | Engineering development | 2024 | $18,120 |
| Community Foundation of New Jersey | Universities, graduate schools or law schools | 2024 | $17,050 |
| Hackensack Meridian Health Inc | Sponsorship | 2024 | $16,000 |
| Rwj Barnabas Health Inc | Sponsorship | 2024 | $13,000 |
| The New York Community Trust | For a scholarship award. | 2024 | $10,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $10,000 |
| Philadelphia Foundation | Sheryl oring's "i wish to say" | 2024 | $10,000 |
| Charities Aid Foundation America | Charitable donation | 2024 | $8,621 |
| Columbus Foundation | Education | 2023 | $6,000,000 |
| National Collegiate Athletic Association | Grants/scholarships | 2023 | $1,069,878 |
| Donor Advised Charitable Giving | Education | 2023 | $273,292 |
| Community Foundation of New Jersey | Unrestricted grant to support organization's exempt purpose | 2023 | $52,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $45,918 |
Grants made · $324K in FY2023
5 grants totaling $324K in FY2023. All grants made by Monmouth University Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Hudson River Foundation For Science and Environmental Research Inc | Carpii (ny/nj harbor contaminant grant subrecipient 1) | $164,491 |
| The City of Long Branch | General support | $76,500 |
| Bruce Springsteen Archives and Center For American Music Corporat | General support | $47,676 |
| Saint Anselm College | Orsted (ocean wind grant recipient 1) | $22,251 |
| Borough of West Long Branch | General support | $13,041 |
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Compare Monmouth University Inc
Frequently asked questions
- Is Monmouth University Inc a legitimate nonprofit?
- Yes. Monmouth University Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 21-0634584, based in W Long Branch, New Jersey. Donations are tax-deductible.
- What is Monmouth University Inc's EIN?
- Monmouth University Inc's Employer Identification Number (EIN) is 21-0634584.
- How much revenue does Monmouth University Inc report?
- Monmouth University Inc reported $282,566,733 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Monmouth University Inc's spending goes to programs?
- Monmouth University Inc spends about 85% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Monmouth University Inc have?
- CharityIndex grades Monmouth University Inc A, based on program efficiency and fundraising cost.
- How much does Monmouth University Inc's highest-paid employee make?
- The highest reported compensation on Monmouth University Inc's latest Form 990 is $844,789, paid to Patrick F Leahy (President).
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Data for Monmouth University Inc (EIN 21-0634584) 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.