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Drew University

Madison, NJ · EIN 22-1487164 · 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

Drew University reported $120.5 million in revenue and $133.9 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $83.43 went to program services, $13.64 to management and general costs and $2.93 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 87.3% of the total. The highest compensation it reported for one person was $495,694 (PRESIDENT). 92 people received more than $100,000 in reportable compensation. Revenue rose 15% 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 $134M

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 $121M

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)
83.4%84.4%
Management & general
Part IX 25(C) ÷ 25(A)
13.6%13.4%
Fundraising
Part IX 25(D) ÷ 25(A)
2.9%0.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.36$0.04
Contributions & grants share of revenue
Part VIII 1h ÷ 12
9.0%19.1%
Government grants share of revenue
Part VIII 1e ÷ 12
1.7%1.1%
Program service revenue share
Part VIII 2g ÷ 12
87.3%69.9%
Highest reported compensation
Part VII-A, columns D–F
$495,694$331,578
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
0.37%1.28%
People paid over $100,000
Part VII, line 2
928
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
10.913.3
Independent voting board members
Part VI 1a–1b
20 of 21100.0%

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
$81M expenses · 72.1% of program spending · grants $38M · revenue $83M

The Drew University college of liberal arts affirms a commitment to its founding vision to offer its students a liberal arts education of the highest quality through a rigorous course of study. The college challenges students to explore the arts, natural sciences, social sciences, humanities, and interdisciplinary fields in depth and to develop their capacities for critical thought, problem solving, effective communication, creativity, self discipline, and empathy. As the college prepares students for academic and professional achievement, it provides them with essential skills for living and…

$12M expenses · 10.8% of program spending · grants $4.4M · revenue $5.3M

Drew theological school empowers leadership for a global christianity of justice, ecumenism, and the integrity of creation. Its pastoral, spiritual, and conceptual disciplines grow within an intimate liturgical and communal context, one that sustains multiple relations of difference. Through its particular historical commitments to african, asian, african-american, hispanic, and women's ministries, the theological school remains faithfully rooted in its methodist heritage. Drew nurtures christian practices through vital partnership with local churches and international networks of education.…

$3.9M expenses · 3.5% of program spending · grants $1.4M · revenue $4.2M

The caspersen school of graduate studies was founded on the principle of the importance of interdisciplinary study in the humanities. The goal of the school's founders was to foster broadly educated people who have expertise in a field of thought but who are also familiar with and articulate in a range of humanistic studies. This mission continues to distinguish the caspersen school among institutions with doctoral programs in the humanities. Our intent is to train persons who are properly prepared not only in specific recognized fields but also in interdisciplinary dialogue. We celebrate the…

$15M all other programs (line 4d)

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
Director/trustee, officer, 35.00 hrs/week
$462,099$0$33,595$495,694
VP OF ADVANCEMENT
Key employee, 35.00 hrs/week
$420,472$0$23,251$443,723
PROVOST
Key employee, 35.00 hrs/week
$323,547$0$32,043$355,590
AVP UNIVERSITY ADVANCEMENT &
Highest compensated employee, 35.00 hrs/week
$221,197$0$11,317$232,514
VP FOR CAMPUS LIFE
Key employee, 35.00 hrs/week
$196,185$0$21,909$218,094
VP FOR FACILITIES & CAMPUS OPERATIONS
Key employee, 35.00 hrs/week
$198,964$0$7,595$206,559
VP FOR COMMUNICATIONS & STRATEGIC INITIATIVES
Key employee, 35.00 hrs/week
$191,907$0$10,628$202,535
DEAN OF THEOLOGICAL SCHOOL
Highest compensated employee, 35.00 hrs/week
$177,296$0$17,468$194,764

92 people received more than $100,000 in reportable compensation from Drew University (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.9M (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$50M$100M$150M$200MFY2020FY2021FY2022FY2023FY2024FY2025$121M$134M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$121M$134M83.4%$122M$495,694
FY2024 ⓘ$117M$138M82.3%$129M$520,088
FY2023 ⓘ$112M$130M82.0%$142M$540,000
FY2022 ⓘ$122M$123M83.0%$152M$665,690
FY2021 ⓘ$96M$110M82.8%$168M$500,166
FY2020 ⓘ$105M$125M85.3%$164M$699,669

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–1b21 · 20 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 11aNo
  • 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 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bYes
  • Employees Part I, line 51,360
  • Volunteers Part I, line 620

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
COMPASS GROUP
Food service
$4,407,591
ARAMARK CORPORATION
Food service
$4,158,112
CAMPUSWORKS INC
Technology service
$2,990,932
KELLERMEYER BERGENSONS SERVICES LLC
Janitorial service
$1,805,489
LIVE OAK LANDSCAPE CONTRACTORS
Landscaping service
$1,036,352

Individuals listed as contractors are left out. 24 contractors were paid more than $100,000 in all.

Private foundation grants it received

33 private foundations reported grants to Drew University totaling $1.6M 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 Drew 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 Drew University, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All education charities · Largest charities in New Jersey

Questions people ask

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

In the fiscal year ending June 30, 2025, Drew University reported that 83.4% of its $133.9 million in expenses went to program services, 13.6% to management and general and 2.9% to fundraising (Form 990, Part IX).

How much does Drew University pay its top executive?

The largest total compensation Drew University reported for one person in the fiscal year ending June 30, 2025 was $495,694, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Drew University get its money?

Of $120.5 million in revenue in the fiscal year ending June 30, 2025, 9.0% came from contributions and grants (including 1.7% from government grants) and 87.3% from program service revenue (Form 990, Part VIII).

Is Drew University a registered charity?

The IRS lists EIN 22-1487164 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 202621359349312047 · read the filing
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202521349349304417 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202401359349304380 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202311229349301411 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202231369349313223 · read the filing
  • FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202111379349311086 · read the filing

All filings for EIN 22-1487164: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.