Rowan University Foundation
Rowan University Foundation reported $33.4 million in revenue and $23.2 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $96.38 went to program services, $3.62 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 65.1% of the total. The highest compensation it reported for one person was $1,163,469 (DIRECTOR (PRES., ROWAN UNIVERSITY)). Revenue rose 20% 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 $23MFor 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 $33MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 96.4% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 3.6% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 65.1% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $1,163,469 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 5.02% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 0 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 238.8 | 13.3 |
| Independent voting board members Part VI 1a–1b | 29 of 33 | 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
FY2025 · Form 990, Part III · the three largest programs by expenseGrants to Rowan University and affiliate -the Rowan University Foundation oversees and coordinates all fundraising activities and is responsible for the management, investment and distribution of all charitable contributions to benefit Rowan University. As the independent, officially designated non-profit organization of philanthropic aid to the institution, the foundation is the only vehicle through which charitable gifts may be made to Rowan University
Scholarships given to students -the Rowan University Foundation's scholarship program aims to assist students with the rising cost of tuition. Scholarships are awarded to students based on both need and merit. In fy2025, the Rowan University Foundation awarded over $4.367 million in scholarships. Awards are made to students majoring in all of rowan's eleven academic colleges and schools as well as two medical schools
Highest reported compensation
FY2025 · 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 |
|---|---|---|---|---|
| DIRECTOR (PRES., ROWAN UNIVERSITY) Director/trustee, 1.00 hrs/week | $0 | $931,208 | $232,261 | $1,163,469 |
| FORMER EXECUTIVE DIRECTOR Former, 0.00 hrs/week | $0 | $314,707 | $14,000 | $328,707 |
| EXECUTIVE DIRECTOR Officer, 10.00 hrs/week | $0 | $216,004 | $27,605 | $243,609 |
| FORMER EXECUTIVE DIRECTOR Former, 0.00 hrs/week | $0 | $183,073 | $12,858 | $195,931 |
| DIRECTOR (FACULTY, ROWAN UNIVERSITY) Director/trustee, 1.00 hrs/week | $0 | $12,169 | $973 | $13,142 |
| DIRECTOR AS OF SEPT 2024 Director/trustee, 1.00 hrs/week | $0 | $8,638 | $0 | $8,638 |
| DIRECTOR Director/trustee, 1.00 hrs/week | $0 | $8,297 | $0 | $8,297 |
0 people received more than $100,000 in reportable compensation from Rowan University Foundation (Part VII, line 2).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance 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–1b33 · 29 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 15aNo
- Board given the 990 before filing Part VI 11aNo
- Family or business ties among insiders Part VI 2Yes
- 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 50
- Volunteers Part I, line 636
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| KPMG LLP Audit and accounting services | $116,800 |
Individuals listed as contractors are left out. 2 contractors were paid more than $100,000 in all.
Private foundation grants it received
30 private foundations reported grants to Rowan University Foundation totaling $3.3M 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 Rowan University Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Rowan University Foundation, you can publish a response that is linked from this page.
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Of every $100 Rowan University Foundation spent in FY2025, $96.38 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Reformed Theological SeminaryJackson, MS · revenue $33M · programs 75.6% · FY2025
- Erikson InstituteChicago, IL · revenue $33M · programs 71.5% · FY2025
- Ranney SchoolTinton Falls, NJ · revenue $33M · programs 77.9% · FY2025
- James Irwin Charter SchoolsColorado Springs, CO · revenue $33M · programs 84.8% · FY2025
- Lionsgate AcademyMinnetonka, MN · revenue $33M · programs 95.5% · FY2025
Questions people ask
How much of Rowan University Foundation's spending goes to programs?
In the fiscal year ending June 30, 2025, Rowan University Foundation reported that 96.4% of its $23.2 million in expenses went to program services, 3.6% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Rowan University Foundation pay its top executive?
The largest total compensation Rowan University Foundation reported for one person in the fiscal year ending June 30, 2025 was $1,163,469, for the role of DIRECTOR (PRES., ROWAN UNIVERSITY) (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Rowan University Foundation get its money?
Of $33.4 million in revenue in the fiscal year ending June 30, 2025, 65.1% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is Rowan University Foundation a registered charity?
The IRS lists EIN 22-2482802 as a 501(c)(3) organization (organization operated for a governmental college or university), 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 202601339349307440 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202501359349304450 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202401369349309590 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202321359349318352 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202231369349310158 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202111329349305356 · read the filing
All filings for EIN 22-2482802: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.