RIDER UNIVERSITY

EIN: 210650678 501(c)(3) Education

LAWRENCEVILLE, NJ

Total Revenue
$191,466,702
Total Expenses
$213,295,353
Total Assets
$235,745,397
Net Assets
$66,848,914
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Financial Trends

Organization Details

Formation Year
1865
Legal Domicile
NJ
Principal Officer
GREGORY G DELL'OMO PHD
Phone
6098965000
Tax Period
2023-07-01 to 2024-06-30

RIDER UNIVERSITY, founded in 1865, is a major nonprofit in the Education sector that reported $191.5M in total revenue in fiscal year 2023. Expenses of $213.3M exceeded revenue, resulting in a 11% operating deficit.

Mission

RIDER UNIVERSITY IS A COMPREHENSIVE, PRIVATE UNIVERSITY OFFERING UNDERGRADUATE AND GRADUATE PROGRAMS IN BUSINESS, EDUCATION, LIBERAL ARTS, SCIENCES, MUSIC, AND FINE AND PERFORMING ARTS.SEE SCHEDULE O FOR RIDER UNIVERSITY'S MISSION, VISION, AND PROMISE.

Program Service Accomplishments

Program 1
Expenses: $120,444,904 Revenue: $81,021,687

INSTRUCTION: RIDER UNIVERSITY IS AN INDEPENDENT, COMPREHENSIVE, TEACHING ORIENTED INSTITUTION OF HIGHER LEARNING. THE UNIVERSITY OFFERS FINANCIAL SUPPORT TO STUDENTS THROUGH ACADEMIC AND ATHLETIC...

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INSTRUCTION: RIDER UNIVERSITY IS AN INDEPENDENT, COMPREHENSIVE, TEACHING ORIENTED INSTITUTION OF HIGHER LEARNING. THE UNIVERSITY OFFERS FINANCIAL SUPPORT TO STUDENTS THROUGH ACADEMIC AND ATHLETIC SCHOLARSHIPS, GRANTS AND STUDENT WORKSTUDY PROGRAMS. RIDER UNIVERSITY IS CURRENTLY ORGANIZED INTO THREE COLLEGES - THE COLLEGE OF ARTS AND SCIENCES; THE COLLEGE OF EDUCATION AND HUMAN SERVICES; AND THE NORM BRODSKY COLLEGE OF BUSINESS. SEE SCHEDULE O FOR CONTINUATION OF ACCOMPLISHMENTS FOR INSTRUCTION.THE PRIVATE UNIVERSITY CURRENTLY SERVES 3,080 FULL-TIME EQUIVALENT UNDERGRADUATE STUDENTS AND 608 FULL-TIME EQUIVALENT GRADUATE STUDENTS IN OVER 100 UNDERGRADUATE MAJORS AND MINORS AND OVER 40 GRADUATE DEGREES AND CERTIFICATE PROGRAMS. THERE ARE OVER 200 FULL-TIME FACULTY, WITH 94% HOLDING A DOCTORATE OR THE HIGHEST DEGREE IN THEIR FIELD.RIDER IS REGIONALLY ACCREDITED BY THE MIDDLE STATES COMMISSION ON HIGHER EDUCATION AND ALSO HOLDS SPECIALIZED ACCREDITATION WITH THESE PRESTIGIOUS EDUCATIONAL ORGANIZATIONS:- AACSB INTERNATIONAL (ASSOCIATION TO ADVANCE COLLEGIATE SCHOOLS OF BUSINESS) - RIDER IS AMONG THE SELECT BUSINESS SCHOOLS TO HAVE ATTAINED THIS DISTINCTION AND THE ONLY SCHOOL IN NEW JERSEY TO HOLD THE SPECIALIZED AACSB ACCREDITATION IN ACCOUNTING.- NCATE AND CAEP - ELEMENTARY AND SECONDARY EDUCATION PROGRAMS AND THEIR APPLICABLE GRADUATE PROGRAMS ON BOTH CAMPUSES ARE ACCREDITED BY THE NATIONAL COUNCIL FOR THE ACCREDITATION OF TEACHER EDUCATION AND THE COUNCIL FOR THE ACCREDITATION OF EDUCATOR PREPARATION.- NASM - THE UNDERGRADUATE AND GRADUATE MUSIC PROGRAMS OF WESTMINSTER CHOIR COLLEGE ARE ACCREDITED BY THE NATIONAL ASSOCIATION OF SCHOOLS OF MUSIC.- CACREP - RIDER'S GRADUATE COUNSELING SERVICES PROGRAM IN THE SCHOOL OF EDUCATION HOLDS NATIONAL ACCREDITATION FROM THE COUNCIL FOR ACCREDITATION OF COUNSELING AND RELATED EDUCATION PROGRAMS.- NASP - THE SCHOOL PSYCHOLOGY PROGRAM IN THE SCHOOL OF EDUCATION IS ACCREDITED BY THE NATIONAL ACCREDITATION OF SCHOOL PSYCHOLOGISTS.- AMERICAN CHEMICAL SOCIETY - RIDER'S CHEMISTRY PROGRAM IS ACCREDITED BY THE AMERICAN CHEMICAL SOCIETY.

Program 2
Expenses: $26,128,745 Revenue: $29,075,088

AUXILIARY ENTERPRISES: PRIMARY ROOM AND BOARD. THE LAWRENCEVILLE CAMPUS HOUSES APPROXIMATELY 1,800 STUDENTS IN THIRTEEN RESIDENCE HALLS AND FOUR SPECIAL INTEREST HOUSES. THE LAWRENCEVILLE CAMPUS...

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AUXILIARY ENTERPRISES: PRIMARY ROOM AND BOARD. THE LAWRENCEVILLE CAMPUS HOUSES APPROXIMATELY 1,800 STUDENTS IN THIRTEEN RESIDENCE HALLS AND FOUR SPECIAL INTEREST HOUSES. THE LAWRENCEVILLE CAMPUS OFFERS AN ARRAY OF FOOD OPTIONS FOR FACULTY, STUDENTS, STAFF, AND GUESTS IN THE DINING HALL, CAFES, AND VENDING AREAS. FACILITIES FOR DINING INCLUDE DALY'S DINING HALL, CRANBERRY'S, STARBUCKS, AND SAXBY'S. RIDER UNIVERSITY ALSO OFFERS SPACE FOR RENTALS FOR CAMPS, CONFERENCES, AND BANQUETS. IN ADDITION, WE PROVIDE MUSIC INSTRUCTION FOR THE COMMUNITY.

Program 3
Expenses: $25,361,966 Revenue: $41,907,810

STUDENT SERVICES: RIDER UNIVERSITY PROVIDES THESE SERVICES TO THE ENTIRE STUDENT COMMUNITY IN AN EFFORT TO DEVELOP THE INTELLECTUAL AND SOCIAL TALENTS OF ITS STUDENTS. THESE SERVICES INCLUDE...

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STUDENT SERVICES: RIDER UNIVERSITY PROVIDES THESE SERVICES TO THE ENTIRE STUDENT COMMUNITY IN AN EFFORT TO DEVELOP THE INTELLECTUAL AND SOCIAL TALENTS OF ITS STUDENTS. THESE SERVICES INCLUDE: ADMISSIONS, ATHLETICS, GREEK LIFE, CAREER SERVICES, CAMPUS LIFE, COUNSELING CENTER, HEALTH CENTER, FINANCIAL AID, RECREATION PROGRAMS, AND ACADEMIC SUPPORT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $11,933,074
Program Service Revenue $173,506,160
Investment Income $4,016,408
Other Revenue $2,011,060
TOTAL REVENUE $191,466,702

Expense Breakdown

Grants Paid $72,013,437
Salaries & Benefits $75,791,099
Fundraising Expenses $2,341,352
Program Expenses $184,947,832
Other Expenses $65,490,817
TOTAL EXPENSES $213,295,353

Year-over-Year Comparison

2023 2022 Change
Revenue $191,466,702 $196,010,794 0.0%
Expenses $213,295,353 $218,953,226 0.0%
Net Income $-21,828,651 $-22,942,432 0.0%
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
27
Independent Members
27
Employees
2296
Volunteers
559

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
8
$1,592,395
Total Directors
28
$0
Key Employees
2
$486,087
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GREGORY G DELL'OMO PHD PRESIDENT 50.00
Officer
$513,344 $83,145 $596,489
KEVIN A BAGGETT BASKETBALL COACH 50.00
Highest
$351,158 $37,475 $388,633
JAMES P HARTMAN SR VP FINANCE/TREASURER & CFO 50.00
Officer
$251,639 $30,668 $282,307
DONNAJEAN A FREDEEN PROVOST/VP ACADEMIC AFFAIRS 50.00
Officer
$258,465 $12,734 $271,199
DREW C AROMANDO VP ENROLLMENT MANAGEMENT 50.00
Key Emp
$211,466 $51,140 $262,606
MARK A SOLOMON VP LEGAL AFFAIRS & GENERAL COUNSEL 50.00
Officer
$222,684 $38,653 $261,337
EUGENE KUTCHER DEAN OF NORM BRODSKY COLLEGE OF BUSINESS 50.00
Highest
$216,008 $22,431 $238,439
DONALD HARNUM ATHLETIC DIRECTOR 50.00
Highest
$184,187 $53,892 $238,079
MARY HAYWOOD-SULLIVAN ASSOCIATE PROFESSOR 50.00
Highest
$188,822 $37,205 $226,027
MICHAEL F RECA VP FACILITIES & UNIVERSITY 50.00
Key Emp
$212,860 $10,621 $223,481
KELLY BIDLE DEAN COLLEGE OF ARTS & SCIENCES 50.00
Highest
$210,942 $10,621 $221,563
DEBORA Z STASOLLA SECRETARY VP STRATEGIC INITIATIVES & PLANNING 50.00
Officer
$151,578 $29,485 $181,063
JOAN MAZZOTTI CHAIR 5.00
Officer Director
$0 $0 $0
JAMES P BUSH VICE CHAIR 5.00
Officer Director
$0 $0 $0
MICHELE POWERS VICE CHAIR 5.00
Officer Director
$0 $0 $0
JULIO R ABREU TRUSTEE 1.00
Director
$0 $0 $0
SUZANNE BORGOS TRUSTEE 1.00
Director
$0 $0 $0
JILL HAMMER CANASTRA TRUSTEE 1.00
Director
$0 $0 $0
F CHRISTOPHER CAROTHERS TRUSTEE 1.00
Director
$0 $0 $0
KEITH N DIGRAZIO TRUSTEE 1.00
Director
$0 $0 $0
CARLOS DORTRAIT TRUSTEE 1.00
Director
$0 $0 $0
NEIL GERARD TRUSTEE 1.00
Director
$0 $0 $0
PATRICIA HARTPENCE TRUSTEE 1.00
Director
$0 $0 $0
DR DEBORAH HASKINS TRUSTEE 1.00
Director
$0 $0 $0
WARREN HIRSCHHORN TRUSTEE 1.00
Director
$0 $0 $0
MEGAN A HOLOHAN TRUSTEE 1.00
Director
$0 $0 $0
WILLIAM H KURTZ TRUSTEE 1.00
Director
$0 $0 $0
THOMAS J LYNCH TRUSTEE 1.00
Director
$0 $0 $0
JOSEPH J MAGGIO TRUSTEE 1.00
Director
$0 $0 $0
JOSEPH MCDOUGALL TRUSTEE 1.00
Director
$0 $0 $0
TERRY MCEWEN TRUSTEE 1.00
Director
$0 $0 $0
HON MARC A MCKITHEN TRUSTEE 1.00
Director
$0 $0 $0
GARY NEUBECK TRUSTEE 1.00
Director
$0 $0 $0
CHRISTOPHER NIKOLICH TRUSTEE 1.00
Director
$0 $0 $0
MARK S NURSE TRUSTEE 1.00
Director
$0 $0 $0
DENISE PETITTA TRUSTEE 1.00
Director
$0 $0 $0
SHERISE RITTER TRUSTEE 1.00
Director
$0 $0 $0
HON MARK S SCHWEIKER TRUSTEE 1.00
Director
$0 $0 $0
WRIGHT SENERES TRUSTEE 1.00
Director
$0 $0 $0
ANNEMARIE WOODS TRUSTEE TO JUNE 11, 2024 1.00
Director
$0 $0 $0
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 No data No data No data No data
2024 $191,466,702 $213,295,353 $235,745,397 $-21,828,651
2023 $196,010,794 $218,953,226 $247,078,205 $-22,942,432
2022 $219,374,298 $231,505,696 $265,186,497 $-12,131,398
2021 $216,867,434 $236,258,027 $309,275,121 $-19,390,593
2020 $225,298,697 $234,200,122 $278,802,595 $-8,901,425
2019 $232,833,010 $231,788,226 $281,014,163 $1,044,784
2018 $233,790,163 $226,678,503 $276,323,291 $7,111,660
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