MONMOUTH UNIVERSITY INC

EIN: 210634584 501(c)(3) Education

WEST LONG BRANCH, NJ

Total Revenue
$277,354,524
Total Expenses
$270,018,020
Total Assets
$496,046,372
Net Assets
$443,440,879
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Organization Details

Formation Year
1948
Legal Domicile
NJ
Principal Officer
PATRICK F LEAHY
Phone
7325713407
Tax Period
2024-07-01 to 2025-06-30

MONMOUTH UNIVERSITY INC, founded in 1948, is a major nonprofit in the Education sector that reported $277.4M in total revenue in fiscal year 2024.

Mission

MONMOUTH UNIVERSITY IS A COMPREHENSIVE INSTITUTION OF HIGHER EDUCATION COMMITTED TO EXCELLENCE AND INTEGRITY IN TEACHING, SCHOLARSHIP AND SERVICE. THROUGH ITS OFFERINGS IN LIBERAL ARTS, SCIENCES, AND PROFESSIONAL PROGRAMS, MONMOUTH UNIVERSITY EDUCATES AND PREPARES STUDENTS TO REALIZE THEIR POTENTIAL AS LEADERS AND TO BECOME ENGAGED CITIZENS IN A DIVERSE AND INCREASINGLY INTERDEPENDENT WORLD.

Program Service Accomplishments

Program 1
Expenses: $226,906,968 Revenue: $239,140,357

HIGHER EDUCATION, RESEARCH AND PUBLIC SERVICE:MONMOUTH UNIVERSITY'S 170.21-ACRE CAMPUS IS LOCATED IN WEST LONG BRANCH ALONG NEW JERSEY'S NORTHERN COASTLINE, AND APPROXIMATELY ONE HOUR FROM BOTH NEW...

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HIGHER EDUCATION, RESEARCH AND PUBLIC SERVICE:MONMOUTH UNIVERSITY'S 170.21-ACRE CAMPUS IS LOCATED IN WEST LONG BRANCH ALONG NEW JERSEY'S NORTHERN COASTLINE, AND APPROXIMATELY ONE HOUR FROM BOTH NEW YORK CITY AND PHILADELPHIA. MONMOUTH IS A PRIVATE UNIVERSITY THAT OFFERS INNOVATIVE ACADEMIC PROGRAMS INCLUDING 33 BACHELOR'S DEGREES, 23 MASTER'S DEGREES AND FOUR DOCTORAL DEGREES THROUGH THE SIX ACADEMIC SCHOOLS OF LEON HESS BUSINESS SCHOOL, EDUCATION, HUMANITIES AND SOCIAL SCIENCES, NURSING AND HEALTH STUDIES, SCIENCE, AND SOCIAL WORK. STUDENTS MAY ALSO ENROLL IN THE HONORS SCHOOL.AT MONMOUTH UNIVERSITY, THERE ARE FIVE UNIQUE ORGANIZATIONS, KNOWN AS CENTERS OF DISTINCTION, WHICH WORK TO PROMOTE AWARENESS OF SPECIFIC ISSUES AND MEET THE NEEDS OF LOCAL AND GLOBAL COMMUNITIES. MONMOUTH'S CENTERS OF DISTINCTION - THE URBAN COAST INSTITUTE, THE KISLAK REAL ESTATE INSTITUTE, THE INSTITUTE OF GLOBAL UNDERSTANDING, THE CENTER OF THE ARTS, AND THE BRUCE SPRINGSTEEN ARCHIVES AND CENTER FOR AMERICAN MUSIC - PROVIDE IMPORTANT SERVICES IN AREAS SUCH AS THE ENVIRONMENT, GLOBAL AFFAIRS, AND PUBLIC POLICY AS WELL AS HANDS-ON LEARNING OPPORTUNITIES FOR THE STUDENTS.MONMOUTH IS ACCREDITED BY THE MIDDLE STATES COMMISSION OF HIGHER EDUCATION AND HOLDS SPECIALIZED ACCREDITATIONS WITH THE ASSOCIATION TO ADVANCE COLLEGIATE SCHOOLS OF BUSINESS (AACSB), ENGINEERING ACCREDITATION COMMISSION OF ABET, ACCREDITATION COUNCIL FOR OCCUPATIONAL THERAPY EDUCATION (ACOTE) (OTD), COMMISSION ON COLLEGIATE NURSING EDUCATION (CCNE), COUNCIL ON SOCIAL WORK EDUCATION (CSWE), COUNCIL FOR ACCREDITATION FOR EDUCATOR PREPARATION (CAEP), COUNCIL FOR ACCREDITATION OF COUNSELING AND RELATED EDUCATION PROGRAMS (CACREP) (MSED AND MS CLINICAL MENTAL HEALTH COUNSELING), COUNCIL ON ACADEMIC ACCREDITATION IN AUDIOLOGY AND SPEECH-LANGUAGE PATHOLOGY OF THE AMERICAN SPEECH AND-LANGUAGE HEARING ASSOCIATION (ASHA) (MSED SPEECH-LANGUAGE PATHOLOGY), ARC-PA (ACCREDITATION CONTINUED STATUS), ON THE APPROVED LIST OF THE AMERICAN CHEMICAL SOCIETY (ACS) (BS CHEMISTRY WITH A CONCENTRATION IN ADVANCED CHEMISTRY) AND THE CERTIFICATE IN APPLIED BEHAVIOR ANALYSIS IS THE COURSE SEQUENCE APPROVED BY THE BEHAVIOR ANALYST CERTIFICATION BOARD TO BE ELIGIBLE TO TAKE THE BOARD CERTIFIED BEHAVIOR ANALYST EXAMINATION.MONMOUTH'S FALL 2024 STUDENT ENROLLMENT WAS 3,710 UNDERGRADUATE (97% FULL-TIME) AND 1,057 GRADUATE STUDENTS (52% FULL-TIME) WHO REPRESENTED 40 STATES AND 33 COUNTRIES. MONMOUTH EMPLOYS 271 FULL-TIME FACULTY OF WHOM 85% HAVE EARNED THEIR TERMINAL DEGREE. MONMOUTH STUDENTS RECEIVE INDIVIDUALIZED FACULTY ATTENTION WITH A 12:1 STUDENT-TO-FACULTY RATIO AND AVERAGE CLASS SIZES OF 18 FOR UG OR 13 FOR GR. MONMOUTH'S RIGOROUS EDUCATION, WHICH HAS FOUNDATION IN THE LIBERAL ARTS AND AN EMPHASIS ON TRANSFORMATIVE LEARNING IN AND OUTSIDE OF THE CLASSROOM, INCLUDES AN EXPERIENTIAL EDUCATION DEGREE REQUIREMENT FOR ALL UNDERGRADUATE STUDENTS. THE MONMOUTH EXPERIENCE EMPHASIZES CULTURAL AND GLOBAL LITERACY IN THE CURRICULA AND THROUGH OUR STUDY ABROAD AND SERVICE LEARNING OPPORTUNITIES. MONMOUTH'S FIRST-YEAR RETENTION IS 80% AND OUR SIX-YEAR GRADUATION RATE IS 72%.MONMOUTH'S BEAUTIFUL COASTAL RESIDENTIAL CAMPUS HOUSES AS MANY AS 2,050 STUDENTS ON CAMPUS OR IN UNIVERSITY-OWNED OR SPONSORED OFF-CAMPUS BUILDINGS AND SITS AT THE HEART OF A VIBRANT CULTURE RICH IN HISTORY, THE ARTS, TECHNOLOGY AND ENTREPRENEURSHIP. OUR RENOWNED FACULTY ARE ACTIVELY INVOLVED IN ADVANCING ACADEMIC RESEARCH NATIONWIDE WHILE ENCOURAGING MEANINGFUL COMMUNITY INVOLVEMENT AND CRITICAL THINKING FOR SELF-FULFILLMENT. MONMOUTH HAS 24 DIVISION I NCAA ATHLETIC TEAMS, 15 CLUB SPORTS, AND 12 INTRAMURAL SPORTS. IN ADDITION TO ATHLETICS THERE ARE OVER 130 CLUBS, 31 ACADEMIC/LEADERSHIP HONOR SOCIETIES, GREEK LIFE, A RADIO STATION, A TELEVISION STATION, AND AN AWARD WINNING STUDENT NEWSPAPER. THE ACADEMIC NEEDS OF STUDENTS ARE SUPPORTED BY THE CENTER FOR STUDENT SUCCESS WITH SERVICES THAT INCLUDE ACADEMIC ADVISING, ACADEMIC TRANSITIONS, TUTORIAL AND WRITING SERVICES AND PEER-ASSISTED LEARNING. MONMOUTH'S OFFICE OF CAREER DEVELOPMENT, A COMPREHENSIVE RESOURCE CENTER, ASSISTS STUDENTS AND ALUMNI WITH SUCCESSFULLY MEETING THEIR CAREER OBJECTIVES.OUR PROGRESS HAS BEEN WIDELY RECOGNIZED IN ANNUAL RANKINGS OF HIGHER EDUCATION, INCLUDING THE PRINCETON REVIEW'S LIST OF "BEST COLLEGES," MONEY MAGAZINE'S "BEST COLLEGES IN AMERICA", AND FORBES' "AMERICA'S TOP COLLEGES." IN THE 2026 EDITION OF U.S. NEWS AND WORLD REPORT'S "BEST COLLEGES," MONMOUTH UNIVERSITY RANKED 13 IN THE REGIONAL UNIVERSITIES NORTH CATEGORY, AND SECOND IN NEW JERSEY WITHIN THE SAME CATEGORY, RISING 63 SPOTS OVER THE PAST 21 YEARS. MONMOUTH UNIVERSITY IS ALSO RECOGNIZED IN WASHINGTON MONTHLY'S ANNUAL COLLEGE RANKINGS THAT ARE BASED ON OVERALL CONTRIBUTION TO THE PUBLIC GOOD IN THREE BROAD CATEGORIES: SOCIAL MOBILITY, RESEARCH AND PROVIDING OPPORTUNITIES FOR PUBLIC SERVICE.FOR ADDITIONAL INFORMATION, PLEASE VISIT OUR WEBSITE AT WWW.MONMOUTH.EDU.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $21,690,680
Program Service Revenue $239,140,357
Investment Income $14,629,413
Other Revenue $1,894,074
TOTAL REVENUE $277,354,524

Expense Breakdown

Grants Paid $86,987,765
Salaries & Benefits $121,046,973
Fundraising Expenses $2,846,919
Program Expenses $226,906,968
Other Expenses $61,983,282
TOTAL EXPENSES $270,018,020

Year-over-Year Comparison

2024 2023 Change
Revenue $277,354,524 $282,566,733 0.0%
Expenses $270,018,020 $264,233,676 +0.0%
Net Income $7,336,504 $18,333,057 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
32
Independent Members
30
Employees
2936
Volunteers
891

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
11
$2,860,205
Total Directors
32
$1,155,725
Key Employees
9
$2,270,556
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATRICK F LEAHY PRESIDENT 63.00
Officer Director
$943,171 $212,554 $1,155,725
CHRISTOPHER D MAHER TRUSTEE AND CHAIRMAN 7.00
Officer Director
$0 $0 $0
LESLIE N HITCHNER TRUSTEE AND VICE CHAIRMAN 5.00
Officer Director
$0 $0 $0
TASHA ANN YOUNGBLOOD BROWN TRUSTEE AND VICE CHAIRMAN 7.00
Officer Director
$0 $0 $0
STEPHEN E GERARD TRUSTEE AND TREASURER 5.00
Officer Director
$0 $0 $0
DEAN Q LIN TRUSTEE AND SECRETARY 3.00
Officer Director
$0 $0 $0
MILES AUSTIN III TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL V BENEDETTO TRUSTEE 2.00
Director
$0 $0 $0
JOHN A BROCKRIEDE JR TRUSTEE 1.00
Director
$0 $0 $0
JOHN C CONOVER III TRUSTEE 1.00
Director
$0 $0 $0
KARYN F CUSANELLI TRUSTEE 2.00
Director
$0 $0 $0
MARY VADEN EISENSTADT TRUSTEE 1.00
Director
$0 $0 $0
JEREMY GRUNIN TRUSTEE 1.00
Director
$0 $0 $0
KANESHA K JONES TRUSTEE 1.00
Director
$0 $0 $0
RAYMOND G KLOSE TRUSTEE 2.00
Director
$0 $0 $0
GEORGE KOLBER TRUSTEE 1.00
Director
$0 $0 $0
MARI C KOVACH TRUSTEE 1.00
Director
$0 $0 $0
NANCY A LEIDERSDORFF TRUSTEE 1.00
Director
$0 $0 $0
ALAINA L LOVE TRUSTEE 1.00
Director
$0 $0 $0
LISA MCKEAN TRUSTEE 2.00
Director
$0 $0 $0
THOMAS J MICHELLI TRUSTEE 2.00
Director
$0 $0 $0
VALERIE MONTECALVO TRUSTEE 1.00
Director
$0 $0 $0
TAVIT O NAJARIAN TRUSTEE 1.00
Director
$0 $0 $0
BAYAAN A OLUYADI TRUSTEE 1.00
Director
$0 $0 $0
DAVID A REALE TRUSTEE (AS OF 07/2024) 1.00
Director
$0 $0 $0
ROCIO F SEREY TRUSTEE 1.00
Director
$0 $0 $0
CHRISTOPHER W SHAW TRUSTEE 2.00
Director
$0 $0 $0
MARK SKESAVAGE TRUSTEE 1.00
Director
$0 $0 $0
CAROL A STILLWELL TRUSTEE 1.00
Director
$0 $0 $0
MARIANNE HESSE LIFE TRUSTEE 1.00
Director
$0 $0 $0
HAROLD L HODES LIFE TRUSTEE 1.00
Director
$0 $0 $0
WILLIAM B ROBERTS LIFE TRUSTEE 1.00
Director
$0 $0 $0
RICHARD F VEIT JR - PROVOST & SENIOR VP FOR ACADEMIC AFFAIRS 55.00
Officer
$315,052 $70,848 $385,900
CHARLENE K DIANA VP AND GENERAL COUNSEL 55.00
Officer
$299,558 $60,221 $359,779
ROBERT MCCAIG VP ENROLLMENT MANAGEMENT & MARKETING 55.00
Officer
$279,453 $70,386 $349,839
AMANDA M KLAUS VP UNIVERSITY ADVANCEMENT 55.00
Officer
$285,994 $52,113 $338,107
JAMES PILLAR VP FOR STUDENT LIFE 55.00
Officer
$221,637 $49,218 $270,855
JENNIFER SANSEVERO DIRECTOR OF ATHLETICS 55.00
Key Emp
$270,654 $53,695 $324,349
DAVID GOLLAND - DEAN OF SCH. OF HUMANITIES & SOCIAL SCIENCES 50.00
Key Emp
$233,918 $63,467 $297,385
SUSAN GUPTA ASSOCIATE PROVOST 55.00
Key Emp
$224,582 $66,432 $291,014
JOHN SONN - ASSOCIATE VP & CHIEF INFORMATION OFFICER 55.00
Key Emp
$231,900 $18,511 $250,411
TIMOTHY ORR - EXEC DIR CAMPUS PLANNING / FACILITIES 55.00
Key Emp
$204,564 $30,840 $235,404
JOSEPH PINGITORE ASSOCIATE VP FINANCE AND BUDGETS 55.00
Key Emp
$203,226 $22,704 $225,930
MARY BYRNE ASSOCIATE VP AND CONTROLLER 55.00
Key Emp
$207,493 $17,965 $225,458
ROBYN SALVO - ASSOCIATE VP HUMAN RESOURCES (THRU 10/2024) 55.00
Key Emp
$176,778 $38,477 $215,255
KATHLEEN STEIN ASSOCIATE VP HUMAN RESOURCES 55.00
Key Emp
$162,058 $43,292 $205,350
KING D RICE HEAD MENS BASKETBALL COACH 40.00
Highest
$629,809 $73,328 $703,137
PRAKASAM R DEVASAGAYAM DEAN OF BUSINESS SCHOOL 50.00
Highest
$302,851 $69,730 $372,581
KEVIN J CALLAHAN HEAD FOOTBALL COACH 40.00
Highest
$275,735 $54,865 $330,600
PATRICK MURRAY DIRECTOR POLLING INSTITUTE 40.00
Highest
$255,768 $59,687 $315,455
ANTHONY MACDONALD DIRECTOR URBAN COAST INSTITUTE 40.00
Highest
$261,067 $38,183 $299,250
EDWARD CHRISTENSEN ASSOCIATE PROFESSOR 40.00
$253,935 $59,325 $313,260
REKHA DATTA PROFESSOR 40.00
$251,101 $22,406 $273,507
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $277,354,524 $270,018,020 $496,046,372 $7,336,504
2024 No data No data No data No data
2023 $274,830,004 $261,711,486 $440,888,728 $13,118,518
2022 $269,032,523 $267,428,151 $429,689,394 $1,604,372
2021 $255,716,503 $256,110,405 $433,315,902 $-393,902
2020 $261,817,017 $260,074,930 $405,562,336 $1,742,087
2019 $267,863,468 $259,619,061 $412,411,082 $8,244,407
2018 $263,657,696 $248,074,551 $405,122,489 $15,583,145
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