The Administrators of the Tulane Educational Fund
87% goes to programs $9 to raise $100 Strong reserves Growing revenue
The Administrators of the Tulane Educational Fund is a 501(c)(3) organization based in New Orleans, Louisiana, registered in 1979, with $1,798,067,000 in FY2023 revenue. CharityIndex grades it A, and it directs about 87% of spending to programs.
6823 St Charles Ave, New Orleans, LA, 70118 EIN 72-0423889 Since 1979
Revenue (FY2023)
$1.8B
▲ 7.4% vs prior year
Education median: $200K
Expenses (FY2023)
$1.7B
Net assets
$2.9B
Employees
12,426
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 rating87% to programs · $9 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 The Administrators of the Tulane Educational Fund: 87% to programs · $9 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating21 mo reserves · +7% 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 The Administrators of the Tulane Educational Fund: 21 mo reserves · +7% margin earns a A on this criterion. See the exact thresholds →
AGovernance25% of the rating5 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 The Administrators of the Tulane Educational Fund: 5 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 The Administrators of the Tulane Educational Fund: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Higher education, research, public service
What they do
Higher education: public service: this category includes all expenditures for the public service component of the academic mission of the university. public service is a core requirement of the undergraduate curriculum. note that some of the sponsored activities included in the organized research achievement could also be described as public service. these include the operation of medical and law clinics that serve the underprivileged, and certain development work overseas. (14,387 students)
Higher education: organized research: this category includes all expenditures for all activities that are part of the university's research program, which includes activities specifically organized to produce research outcomes, whether commissioned by an agency external to the institution or separately budgeted by an organizational unit within the institution. subject to those conditions, it includes expenditures for individual and/or project research as well as those of institutes and research centers (over 1,000 federal and state awards).
Higher education: auxiliary enterprises: this category includes services that support educational activities and athletic expenditures. services include bookstore, student housing, vending and food administration and campus recreation. (14,387 students)
Contact & location
- Address
- 6823 St Charles Ave, New Orleans, LA, 70118
- City
- New Orleans
- State
- Louisiana
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $1.0B (FY2013) to $1.8B (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $1.4BNet assets $2.9B
Operating margin
7.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$4.3B
Total liabilities
$1.4B
Net assets
$2.9B
Salaries & benefits
$781.6M
47% of expenses
Board members
33
27 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $1,798,067,000▲7.4% | $1,669,348,000▲9.2% | $2,866,715,000▲8.1% | $4,312,796,000▲8.8% | 990 |
| 2022 | $1,674,159,000▲2.1% | $1,529,244,000▲5.2% | $2,650,880,000▲6.0% | $3,962,345,000▲6.8% | 990 |
| 2021 | $1,639,844,000▲5.5% | $1,453,849,000▲8.4% | $2,501,234,000▲5.8% | $3,709,652,000▲4.3% | 990 |
| 2020 | $1,554,442,000▲15.4% | $1,341,620,000▲6.1% | $2,363,806,000▲31.7% | $3,555,238,000▲25.2% | 990 |
| 2019 | $1,346,494,000▲1.1% | $1,264,104,000▲4.9% | $1,794,694,000▲3.3% | $2,839,325,000▲4.0% | 990 |
| 2018 | $1,331,943,000▲7.7% | $1,204,927,000▲4.3% | $1,736,564,000▲2.4% | $2,730,661,000▲2.1% | 990 |
| 2017 | $1,237,288,000▲9.6% | $1,155,166,000▲6.3% | $1,696,527,000▲7.2% | $2,674,477,000▲6.2% | 990 |
| 2016 | $1,129,338,000▲5.0% | $1,086,274,000▲2.6% | $1,582,680,000▲11.4% | $2,518,842,000▲7.7% | 990 |
| 2015 | $1,075,519,000▲2.0% | $1,058,288,000▲4.4% | $1,420,100,000▼4.3% | $2,337,930,000▼2.1% | 990 |
| 2014 | $1,054,946,000▲3.6% | $1,014,003,000▲4.3% | $1,484,041,000▲2.9% | $2,387,521,000▲1.2% | 990 |
| 2013 | $1,018,464,000 | $971,994,000▲3.1% | $1,442,015,000▲12.5% | $2,358,332,000▲8.1% | 990 |
| 2012 | — | $942,693,000▲0.6% | $1,281,240,000▲5.8% | $2,181,003,000▲13.3% | 990 |
| 2011 | — | $937,350,000▲5.6% | $1,211,493,000▼4.7% | $1,924,783,000▼1.8% | 990 |
| 2010 | — | $887,272,000▲5.4% | $1,271,372,000▲11.0% | $1,960,445,000▲8.6% | 990 |
| 2009 | — | $841,506,000 | $1,145,018,000 | $1,805,200,000 | 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: Michael Fitts — $2,991,000 (0.18% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Michael Fitts | President | 40 | $2,991,000 |
| William Fritz | Head Football Coach | 40 | $1,940,000 |
| Richard Chau | Chief Investment Officer | 40 | $1,595,000 |
| Ronald Hunter | Head Basketball Coach | 40 | $1,435,000 |
| Dr J Thompson Jr | Physician | 40 | $1,369,000 |
| Dr A Dumont | Physician | 40 | $1,183,000 |
| Patrick Norton | Coo and Treasurer of the University | 40 | $968,000 |
| Dr L Hamm | Senior Vp and Dean of Medicine | 40 | $943,000 |
| Troy Dannen | Athletic Director | 40 | $921,000 |
| Julia Mord | Deputy Chief Investment Officer | 40 | $917,000 |
| Robin Forman | Senior Vp For Academic Affairs and Provost | 40 | $883,000 |
| Dr F Savoie | Physician | 40 | $774,000 |
| Victoria Johnson | General Counsel | 40 | $711,000 |
| Virginia Wise | Senior Vp For Advancement | 40 | $661,000 |
| Elizabeth Brown-aigeldinger | Secretary of the University | 40 | $524,000 |
| Shawn Abbott | Vice President of Enrollment Management | 40 | $441,000 |
| Ian Morrison | Vice President of Public Relations and Chief Communications Officer | 40 | $381,000 |
| Jonathan Small | Vice President of Human Resources and Institutional Equity | 40 | $304,000 |
| James Wandling | University Controller | 40 | $275,000 |
| Albert Small Jr | Vice Chair | 0 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Bernhard Mcc LLC | General Construction and Contracting Services | $38,100,000 |
| Broadmoor LLC | General Construction | $31,516,000 |
| Woodward Design Build LLC | General Construction | $5,938,000 |
| Allied Universal Security Services | Security Services | $5,711,000 |
| Payette Associates | Architect Services | $5,271,000 |
Grants received · $281.8M total
915 grants to The Administrators of the Tulane Educational Fund totaling $281.8M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $2,546,000 |
| American Heart Association Inc | Research | 2024 | $1,450,991 |
| National Academy of Sciences | Research grants | 2024 | $1,127,939 |
| American Endowment Foundation | Educational | 2024 | $1,042,750 |
| Boston College Trustees | Sponsored sub-awd | 2024 | $878,054 |
| The Greater New Orleans Foundation | Education | 2024 | $716,460 |
| Ayco Charitable Foundation | Education | 2024 | $624,600 |
| Save the Children Federation Inc | Multiple program activity | 2024 | $507,783 |
| Population Council Inc | Social & behavioral science; biomedical research | 2024 | $500,165 |
| Lettie Pate Whitehead Foundation Inc | For general, medical and master of social work scholarships. | 2024 | $445,000 |
| Greater Kansas City Community Foundation | Education | 2024 | $301,300 |
| Cystic Fibrosis Foundation | Research | 2024 | $273,966 |
| Cystic Fibrosis Foundation | Cf care center | 2024 | $240,750 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Education | 2024 | $196,600 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $185,000 |
Grants made · $18.9M in FY2023
730 grants totaling $18.9M in FY2023 — showing the 15 largest. All grants made by The Administrators of the Tulane Educational Fund →
| Recipient | Purpose | Amount |
|---|---|---|
| New Schools For New Orleans Inc | Subcontract grant award | $689,686 |
| Sanofi Pasteur Vaxdesign Corporation | Subcontract grant award | $406,245 |
| Code For America Labs | Subcontract grant award | $292,984 |
| Tntp Inc | Subcontract grant award | $287,751 |
| The Feinstein Institute For Medical Research | Subcontract grant award | $268,151 |
| Childrens Hospital Medical Center | Subcontract grant award | $244,273 |
| Michigan State University | Subcontract grant award | $239,916 |
| University of Alabama Birmingham (uab) | Subcontract grant award | $193,778 |
| New Schools For New Orleans Inc | Subcontract grant award | $186,618 |
| Q Vant Biosciences Inc | Subcontract grant award | $180,962 |
| Xavier University | Subcontract grant award | $175,118 |
| Xavier University | Subcontract grant award | $167,949 |
| Childrens Hospital Medical Center | Subcontract grant award | $158,978 |
| New Schools For New Orleans Inc | Subcontract grant award | $151,013 |
| University of Alabama Birmingham (uab) | Subcontract grant award | $140,372 |
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Frequently asked questions
- Is The Administrators of the Tulane Educational Fund a legitimate nonprofit?
- Yes. The Administrators of the Tulane Educational Fund is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 72-0423889, based in New Orleans, Louisiana. Donations are tax-deductible.
- What is The Administrators of the Tulane Educational Fund's EIN?
- The Administrators of the Tulane Educational Fund's Employer Identification Number (EIN) is 72-0423889.
- How much revenue does The Administrators of the Tulane Educational Fund report?
- The Administrators of the Tulane Educational Fund reported $1,798,067,000 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of The Administrators of the Tulane Educational Fund's spending goes to programs?
- The Administrators of the Tulane Educational Fund spends about 87% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does The Administrators of the Tulane Educational Fund have?
- CharityIndex grades The Administrators of the Tulane Educational Fund A, based on program efficiency and fundraising cost.
- How much does The Administrators of the Tulane Educational Fund's highest-paid employee make?
- The highest reported compensation on The Administrators of the Tulane Educational Fund's latest Form 990 is $2,991,000, paid to Michael Fitts (President).
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Data for The Administrators of the Tulane Educational Fund (EIN 72-0423889) 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.