Centenary University
Centenary University reported $53.3 million in revenue and $54.1 million in expenses for the fiscal year ending June 30, 2024. Of every $100 it spent, $90.73 went to program services, $8.12 to management and general costs and $1.15 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 92.0% of the total. The highest compensation it reported for one person was $212,146 (PRESIDENT). 7 people received more than $100,000 in reportable compensation. Revenue fell 8% between FY2020 and FY2024. Source: Form 990, FY2024.
Where $100 of spending went
The fiscal year ending June 30, 2024 · Form 990, Part IX, line 25 · total expenses $54MFor 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, 2024 · Form 990, Part VIII · total revenue $53MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 90.7% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 8.1% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 1.2% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.18 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 6.4% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 2.2% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 92.0% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $212,146 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.39% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 7 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | -3.2 | 13.3 |
| Independent voting board members Part VI 1a–1b | 24 of 24 | 100.0% |
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
FY2024 · Form 990, Part III · the three largest programs by expenseInstructional: Centenary University is a community of learners distinguished by a diverse student body, a dedicated faculty and staff and stimulating education opportunities. The university is committed to quality liberal arts and career studies education to engage students in learning and prepare them for a satisfying career, successful lives, community service and lifelong intellectual pursuits. As the primary educational and cultural resource of northwest new jersey, centenary offers a range of undergraduate, graduate and doctorate programs, as well as non-degree courses for professional…
Auxiliary services at Centenary University are organized to support student activities and provide student housing and other facilities and services for the benefit of Centenary University students. University dormitories consist of 8 residence halls and provide living quarters for approximately 756 students. Auxiliary services also provide recreational facilities, in-person and remote events, wellness and dining services, parking, and other student services
Highest reported compensation
FY2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT Officer, 35.00 hrs/week | $151,359 | $0 | $60,787 | $212,146 |
| VP BUSINESS & FINANCE/CFO Officer, 35.00 hrs/week | $196,561 | $0 | $14,032 | $210,593 |
| VP STUDENT LIFE/DEAN OF STUDENTS Highest compensated employee, 35.00 hrs/week | $145,613 | $0 | $55,761 | $201,374 |
| FORMER PRESIDENT Former, 0.00 hrs/week | $178,694 | $0 | $927 | $179,621 |
| VP ENROLLMENT MANAGMENT Highest compensated employee, 35.00 hrs/week | $142,176 | $0 | $11,844 | $154,020 |
| INNOVATION & INSTRUCTIONAL DESIGN Highest compensated employee, 35.00 hrs/week | $101,850 | $0 | $11,891 | $113,741 |
| CONTROLLER Highest compensated employee, 35.00 hrs/week | $103,437 | $0 | $60 | $103,497 |
7 people received more than $100,000 in reportable compensation from Centenary University (Part VII, line 2). Compensation of current officers, directors and key employees totaled $511K (Part IX, line 5).
5 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2024 · 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–1b24 · 24 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 14bNo
- Employees Part I, line 5640
- Volunteers Part I, line 6175
Largest outside contractors
FY2024 · Form 990, Part VII, Section B · businesses only| SODEXO INC & AFFILIATES Food services | $1,993,251 |
| ELLUCIAN COMPANY LP Information technology services | $1,730,877 |
| NATIONAL MANAGEMENT RESOURCES Maintenance services | $1,592,442 |
| HAPPINESS STUDIES ACADEMY LLC Education services | $845,530 |
| EAB GLOBAL INC Recruitment services | $593,932 |
Individuals listed as contractors are left out. 15 contractors were paid more than $100,000 in all.
Private foundation grants it received
12 private foundations reported grants to Centenary University totaling $583K 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 Centenary 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 Centenary University, you can publish a response that is linked from this page.
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Of every $100 Centenary University spent in FY2024, $90.73 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Desert Sands Public CharterValencia, CA · revenue $53M · programs 91.2% · FY2025
- The University School of Milwaukee CorporationMilwaukee, WI · revenue $53M · programs 85.2% · FY2025
- Avon Old Farms SchoolAvon, CT · revenue $53M · programs 78.0% · FY2025
- Maharishi International UniversityFairfield, IA · revenue $53M · programs 62.2% · FY2025
- Big Shoulders FundChicago, IL · revenue $53M · programs 94.1% · FY2025
Questions people ask
How much of Centenary University's spending goes to programs?
In the fiscal year ending June 30, 2024, Centenary University reported that 90.7% of its $54.1 million in expenses went to program services, 8.1% to management and general and 1.2% to fundraising (Form 990, Part IX).
How much does Centenary University pay its top executive?
The largest total compensation Centenary University reported for one person in the fiscal year ending June 30, 2024 was $212,146, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Centenary University get its money?
Of $53.3 million in revenue in the fiscal year ending June 30, 2024, 6.4% came from contributions and grants (including 2.2% from government grants) and 92.0% from program service revenue (Form 990, Part VIII).
Is Centenary University a registered charity?
The IRS lists EIN 22-1500484 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. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202521369349300007 · read the filing · XML
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202430949349301758 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202311329349308241 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202201019349301500 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202110819349300131 · read the filing
All filings for EIN 22-1500484: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.