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McPhs University

Boston, MA · EIN 04-2104700 · 501(c)(3) · School
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

McPhs University reported $456.5 million in revenue and $303.2 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $90.62 went to program services, $9.01 to management and general costs and $0.37 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 66.1% of the total. The highest compensation it reported for one person was $1,790,552 (PRESIDENT). 446 people received more than $100,000 in reportable compensation. Revenue rose 32% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $303M

For context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $456M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 5,499 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
90.6%84.4%
Management & general
Part IX 25(C) ÷ 25(A)
9.0%13.4%
Fundraising
Part IX 25(D) ÷ 25(A)
0.4%0.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.29$0.04
Contributions & grants share of revenue
Part VIII 1h ÷ 12
0.8%19.1%
Government grants share of revenue
Part VIII 1e ÷ 12
0.6%1.1%
Program service revenue share
Part VIII 2g ÷ 12
66.1%69.9%
Highest reported compensation
Part VII-A, columns D–F
$1,790,552$331,578
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
0.59%1.28%
People paid over $100,000
Part VII, line 2
4468
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
91.413.3
Independent voting board members
Part VI 1a–1b
14 of 14100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$258M expenses · 94.0% of program spending · grants $68M · revenue $282M

The university provided educational programs to students pursuing undergraduate and graduate degrees in pharmacy and health science disciplines

$16M expenses · 5.9% of program spending · revenue $20M

The university provided residence hall accomodations for students

$384K expenses · 0.1% of program spending · revenue $39,612

The university provided continuing education courses and programs for pharmacists and other health care professionals

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
PRESIDENT
Officer, 55.00 hrs/week
$1,358,888$0$431,664$1,790,552
VPAA - PROVOST
Officer, 55.00 hrs/week
$765,817$0$182,414$948,231
CHIEF FINANCIAL OFFICER
Officer, 55.00 hrs/week
$638,935$0$171,171$810,106
CHIEF INFORMATION OFFICER
Key employee, 55.00 hrs/week
$488,615$0$54,891$543,506
CHIEF DIGITAL MARKETING OFFICER
Highest compensated employee, 55.00 hrs/week
$380,620$0$67,580$448,200
DEAN
Key employee, 55.00 hrs/week
$388,979$0$54,794$443,773
CHIEF HUMAN RESOURCES OFFICER
Key employee, 55.00 hrs/week
$374,067$0$52,041$426,108
SOFTWARE DIRECTOR
Highest compensated employee, 55.00 hrs/week
$345,263$0$54,502$399,765

446 people received more than $100,000 in reportable compensation from McPhs University (Part VII, line 2). Compensation of current officers, directors and key employees totaled $6.2M (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$200M$400M$600M$800MFY2020FY2021FY2022FY2023FY2024FY2025$456M$303M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$456M$303M90.6%$2.31B$1,790,552
FY2024 ⓘ$352M$295M90.8%$2.08B$1,620,647
FY2023 ⓘ$342M$285M90.3%$1.87B$1,550,015
FY2022 ⓘ$425M$278M90.1%$1.67B$1,449,185
FY2021 ⓘ$374M$247M89.7%$1.83B$4,489,275
FY2020 ⓘ$345M$240M87.9%$1.37B$1,760,840

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b14 · 14 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4Yes
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 53,041
  • Volunteers Part I, line 680

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
SODEXO INC & AFFILIATES
Dining services
$2,361,657
HARVARD MAINTENANCE
Maintenance services
$933,065
SECURITAS SECURITY SERVICES
Security services
$881,698
SIGNATURE PRINTING & CONSULTING
Media consulting
$812,042
PROFESSIONAL STAFFING GROUP
Staffing services
$390,132

Individuals listed as contractors are left out. 38 contractors were paid more than $100,000 in all.

Private foundation grants it received

4 private foundations reported grants to McPhs University totaling $29,000 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from McPhs University's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for McPhs University, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All education charities · Largest charities in Massachusetts

Questions people ask

How much of McPhs University's spending goes to programs?

In the fiscal year ending June 30, 2025, McPhs University reported that 90.6% of its $303.2 million in expenses went to program services, 9.0% to management and general and 0.4% to fundraising (Form 990, Part IX).

How much does McPhs University pay its top executive?

The largest total compensation McPhs University reported for one person in the fiscal year ending June 30, 2025 was $1,790,552, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does McPhs University get its money?

Of $456.5 million in revenue in the fiscal year ending June 30, 2025, 0.8% came from contributions and grants (including 0.6% from government grants) and 66.1% from program service revenue (Form 990, Part VIII).

Is McPhs University a registered charity?

The IRS lists EIN 04-2104700 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202611359349312001 · read the filing · XML
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202521359349309182 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202441369349305549 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202321359349307872 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202221369349315862 · read the filing
  • FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202101379349311410 · read the filing

All filings for EIN 04-2104700: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.