Adelphi University is dedicated to transforming students' lives through small classes, hands-on learning and innovative programs supporting academic and career success.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
$5.5M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $2.0M a year · under 1% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$5.5M
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Plus $254.6M in investments, Pt X · Ln 11–13
Fine: 0.3 months of spending in cash, plus $254.6M in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $120K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$183.3M
32% of total assets
Looks good: liabilities are 32% of assets; 50% or less.
Pt X · Ln 26
Independent board members
27
of 28 voting members
Looks good: 27 of 28 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$344.3M
+8% vs prior year
Spent
$349.4M
To programs
88%
Net assets
$384.0M
By yearFY2020–FY2025
Revenue
$344.3M
FY2024▲ +8%
Tap a bar for its year
Revenue by fiscal year
FY2020$331.8M
FY2021$319.9M
FY2022$329.9M
FY2023$317.6M
FY2024$344.3M
FY2025$368.7M
Expenses
$349.4M
FY2024▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2020$314.5M
FY2021$315.9M
FY2022$322.4M
FY2023$331.6M
FY2024$349.4M
FY2025$366.4M
Net assets
$384.0M
FY2024▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2020$342.7M
FY2021$381.1M
FY2022$362.0M
FY2023$360.4M
FY2024$384.0M
FY2025$399.6M

From the FY2024 Form 990 (year ending August 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1927.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $308.8M Management & general 11% · $37.6M Fundraising 1% · $3.0M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

44 people listed on the 990; $5.5M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$945,453Pt VII · Sec A
Provost and Executive VP
$433,047Pt VII · Sec A
VP of Advancement and External Affairs
$341,344Pt VII · Sec A
Vice President for Student Affairs
$320,975Pt VII · Sec A
VP for Enrollment Management
$303,938Pt VII · Sec A
Former Executive VP of Fin. and Ops
$299,092Pt VII · Sec A
Dean of College of Nursing and Public Health
$292,638Pt VII · Sec A
VP of Facilities and Information Technology
$290,642Pt VII · Sec A

Dr Christine Riordan’s $1.2M as President is at the 79th percentile of top reported officer pay among 674 $100M+ education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Dr Christine Riordan$1,180,417$945,453$898,788$942,406$910,693$905,363
James Perrino—$299,092$447,968$473,154$434,761—
Christopher Storm$455,584$433,047$397,138$297,023$182,657—
Steven Everett———$333,491$416,679$420,564
James Perrrino—————$418,838
Thomas Kline$378,727$341,344$333,310$75,385——
Michael Rhattigan$364,920$286,368————
Ronald S Bakari$357,171$320,975$269,052$263,192$281,610$15,962

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides private higher education through small classes, hands-on learning, innovative academic programs, and inclusive residential housing to support student and career success.

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2 programs · $308.8M · in their own filed words · FY2023
01

Instruction and related academic support, student services and public support benefiting the community - the university provides a personalized education for all its undergraduate and graduate students.

$308.8Mprogram expense
02

Residential Housing and Auxiliary Enterprises

The university offers student housing in seven residence halls on its main campus in garden city, new york. There are numerous special living options within these halls, including those for students who identify as transgender or who don't wish to be identified by gender; first-year students selected for living-learning communities; and…

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 2 funders$120K
Grants paid · 3 grants · $270.2M · 2019–2021
Unitemized GrantFY2021$99,697,718
Unitemized GrantFY2020$88,069,970
Unitemized GrantFY2019$82,472,088

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$344.3M
Ln 12
Fees for servicesLn 2g$321.1M
Gifts and grantsLn 1h$12.3M
Investment incomeLn 3$10.6M
Money outPt IX
$349.4M
Ln 25
Programscol B$308.8M
Managementcol C$37.6M
Fundraisingcol D$3.0M
Owns and owesPt X
$384.0M
net assets · Ln 32
Cash and savingsLn 1–2$9.9M
Total assetsLn 16$567.3M
LiabilitiesLn 26$183.3M
PeoplePt VI, VII
44
listed · VII A
PaidVII A17
Voting boardVI 1a28
IndependentVI 1b27
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$12.3M
Government grantsLn 1e$6.7M
Noncash giftsLn 1g$214K
Fundraising eventsLn 1c$232K
Fees for servicesLn 2g$321.1M
Investment incomeLn 3$10.6M
Other incomeLn 4–11$377K
Gains on assetsLn 7$3.8M
Total revenueLn 12$344.3M
Assets in detailPt X, end of year
CashLn 1$2K
SavingsLn 2$9.9M
Cash and savings togetherLn 1–2$9.9M
InvestmentsLn 11–13$254.6M
Land, buildings, equipmentLn 10c$260.5M
Other assetsLn 15$3.8M
Total assetsLn 16$567.3M
LiabilitiesLn 26$183.3M
Net assetsLn 32$384.0M
OperationsPt I, VI
EmployeesI 55,310
VolunteersI 680
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$21.6M$9.9M
InvestmentsLn 11–13$223.9M$254.6M
Land, buildings, equipmentLn 10c$268.1M$260.5M
Total assetsLn 16$552.5M$567.3M
LiabilitiesLn 26$192.1M$183.3M
Net assetsLn 32$360.4M$384.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$119.5M$119.5M
Pay of current officers, directors and key staffLn 5$3.6M$709K$2.6M$338K
Other salaries and wagesLn 7$119.2M$104.6M$13.5M$1.1M
Pension plan contributionsLn 8$8.2M$7.0M$1.1M$98K
Other employee benefitsLn 9$20.8M$15.5M$4.8M$468K
Payroll taxesLn 10$9.0M$7.7M$1.2M$107K
Legal feesLn 11b$1.3M$1.3M
Accounting feesLn 11c$407K$407K
Lobbying feesLn 11d$92K$92K
Investment management feesLn 11f$1.2M$1.2M
Other fees for servicesLn 11g$5.5M$2.5M$2.9M$59K
Advertising and promotionLn 12$2.9M$336K$2.6M$70
Office expensesLn 13$7.9M$6.8M$933K$189K
Information technologyLn 14$2.6M$2.3M$53K$225K
OccupancyLn 16$12.2M$11.1M$953K$113K
TravelLn 17$1.9M$1.9M$10K$35K
Conferences, conventions and meetingsLn 19$1.6M$1.4M$133K$73K
InterestLn 20$4.7M$4.3M$446K
Depreciation, depletion and amortizationLn 22$7.6M$7.1M$409K$22K
InsuranceLn 23$2.2M$2.1M$120K
Other expenses (24a–d)Ln 24$10.5M$7.5M$3.1M$4K
All other expensesLn 24e$6.6M$6.6M$2K
Total functional expensesLn 25$349.4M$308.8M$37.6M$3.0M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $368.7M$366.4M$2.3M$399.6M 990 PDF
FY2024 Viewing $344.3M$349.4M−$5.1M$384.0M 990 PDF
FY2023 $317.6M$331.6M−$14.0M$360.4M 990 PDF
FY2022 $329.9M$322.4M$7.5M$362.0M 990 PDF
FY2021 $319.9M$315.9M$4.0M$381.1M 990 PDF
FY2020 $331.8M$314.5M$17.3M$342.7M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $344,343,959 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $12,199,125$12,260,278
I-9 Program service revenuePrior year $297,464,423$321,075,581
I-10 Investment incomePrior year $7,651,563$10,630,761
I-11 Other revenuePrior year $323,425$377,339
I-12 Total revenuePrior year $317,638,536$344,343,959
I-13 Grants and similar amounts paidPrior year $105,011,963$119,450,647
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $154,193,899$160,710,096
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $72,385,330$69,259,096
I-18 Total expensesPrior year $331,591,192$349,419,839
I-19 Revenue less expensesPrior year −$13,952,656−$5,075,880
Part VI · Governance 27 of 28 board members independent, no flags
VI-1a Voting members of the governing body28
VI-1b Independent voting members27
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $344,343,959 across 12 lines filed
VIII-1c Fundraising events$231,853
VIII-1e Government grants$6,680,612
VIII-1f All other contributions, gifts and grants$5,347,813
VIII-1g Noncash contributions (included above)$214,155
VIII-1h Total contributions, gifts and grants$12,260,278
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $321,075,581$321,075,581
VIII-3 Investment incomeUnrelated business −$19,144 · Excluded from tax $6,842,187$6,823,043
VIII-5 RoyaltiesExcluded from tax $39,665$39,665
VIII-6 Net rental income or lossExcluded from tax $459,658$459,658
VIII-7 Net gain or loss on sales of assetsExcluded from tax $3,807,718$3,807,718
VIII-8 Net income from fundraising eventsExcluded from tax −$121,984−$121,984
VIII-12 Total revenueRelated to mission $321,075,581 · Unrelated business −$19,144 · Excluded from tax $11,027,244$344,343,959
Part IX · Statement of functional expenses $349,419,839 across 22 lines filed
IX-2 Grants to domestic individualsPrograms $119,450,647$119,450,647
IX-5 Pay of current officers, directors and key staffPrograms $709,115 · Management $2,556,498 · Fundraising $337,840$3,603,453
IX-7 Other salaries and wagesPrograms $104,585,945 · Management $13,489,959 · Fundraising $1,136,118$119,212,022
IX-8 Pension plan contributionsPrograms $7,015,138 · Management $1,069,073 · Fundraising $98,200$8,182,411
IX-9 Other employee benefitsPrograms $15,477,271 · Management $4,813,937 · Fundraising $468,064$20,759,272
IX-10 Payroll taxesPrograms $7,675,744 · Management $1,169,746 · Fundraising $107,448$8,952,938
IX-11b Legal feesManagement $1,295,268$1,295,268
IX-11c Accounting feesManagement $406,955$406,955
IX-11d Lobbying feesManagement $91,878$91,878
IX-11f Investment management feesManagement $1,192,094$1,192,094
IX-11g Other fees for servicesPrograms $2,509,257 · Management $2,919,713 · Fundraising $59,041$5,488,011
IX-12 Advertising and promotionPrograms $336,042 · Management $2,600,209 · Fundraising $70$2,936,321
IX-13 Office expensesPrograms $6,783,681 · Management $933,095 · Fundraising $188,704$7,905,480
IX-14 Information technologyPrograms $2,326,968 · Management $53,066 · Fundraising $225,032$2,605,066
IX-16 OccupancyPrograms $11,113,819 · Management $952,657 · Fundraising $112,938$12,179,414
IX-17 TravelPrograms $1,869,663 · Management $10,175 · Fundraising $34,577$1,914,415
IX-19 Conferences, conventions and meetingsPrograms $1,410,663 · Management $132,943 · Fundraising $72,561$1,616,167
IX-20 InterestPrograms $4,261,941 · Management $445,926$4,707,867
IX-22 Depreciation, depletion and amortizationPrograms $7,128,113 · Management $408,812 · Fundraising $21,516$7,558,441
IX-23 InsurancePrograms $2,095,722 · Fundraising $119,629$2,215,351
IX-24 Other expenses (24a–d)Programs $7,482,907 · Management $3,055,050 · Fundraising $3,558$10,541,515
IX-24e All other expensesPrograms $6,602,859 · Fundraising $1,994$6,604,853
IX-25 Total functional expensesPrograms $308,835,495 · Management $37,597,054 · Fundraising $2,987,290$349,419,839
Part X · Balance sheet $567,269,629 assets, 21 lines filed
Asset lines not itemized here account for $4,293,642; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $756,899$1,750
X-2 Savings and temporary cash investmentsStart of year $20,874,037$9,899,396
X-3 Pledges and grants receivableStart of year $4,133,088$5,349,423
X-4 Accounts receivableStart of year $5,249,913$5,673,017
X-9 Prepaid expenses and deferred chargesStart of year $10,814,525$13,681,728
X-10c Land, buildings and equipment, netStart of year $268,058,763$260,527,017
X-11 Publicly traded securitiesStart of year $196,949,696$218,648,539
X-12 Other securitiesStart of year $26,992,498$35,920,021
X-14 Intangible assetsStart of year $10,332,870$9,481,274
X-15 Other assetsStart of year $3,481,813$3,793,822
X-16 Total assetsStart of year $552,495,763$567,269,629
X-17 Accounts payable and accrued expensesStart of year $17,297,281$17,092,071
X-18 Grants payableStart of year $4,790,000$4,502,776
X-19 Deferred revenueStart of year $43,657,636$42,914,709
X-20 Tax-exempt bond liabilitiesStart of year $103,884,246$98,751,263
X-25 Other liabilitiesStart of year $22,458,738$20,005,738
X-26 Total liabilitiesStart of year $192,087,901$183,266,557
X-27 Net assets without donor restrictionsStart of year $276,182,756$293,999,438
X-28 Net assets with donor restrictionsStart of year $84,225,106$90,003,634
X-32 Total net assets or fund balancesStart of year $360,407,862$384,003,072
X-33 Total liabilities and net assetsStart of year $552,495,763$567,269,629
Part XI · Reconciliation of net assets $384,003,072 net assets at year end
XI-1 Total revenue$344,343,959
XI-2 Total expenses$349,419,839
XI-3 Revenue less expenses−$5,075,880
XI-4 Net assets at start of year$360,407,862
XI-5 Net unrealized gains (losses) on investments$29,083,855
XI-9 Other changes in net assets−$412,765
XI-10 Net assets at end of year$384,003,072

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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