Fordham University FY2020 filing

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Fordham University, the jesuit University of new york, is committed to the discovery of wisdom and the transmission of learning, through research and through education of the highest quality. For more information, see schedule o.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
$8.4M 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

FY2020 · 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
5 of 6
filings with a surplus
Average surplus $26.7M a year · 3% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$8.4M
to officers and key staff · 0.9% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
1 mo
of spending, in cash
Plus $738.2M in investments, Pt X · Ln 11–13
Fine: 1.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
15
named funders · $317K
Looks good: 15 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$786.6M
37% of total assets
Looks good: liabilities are 37% of assets; 50% or less.
Pt X · Ln 26
Independent board members
36
of 38 voting members
Looks good: 36 of 38 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$936.1M
Spent
$919.9M
To programs
90%
Net assets
$1.4B
By yearFY2020–FY2025
Revenue
$936.1M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$936.1M
FY2021$953.9M
FY2022$1.1B
FY2023$1.0B
FY2024$1.1B
FY2025$1.2B
Expenses
$919.9M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$919.9M
FY2021$925.2M
FY2022$1.0B
FY2023$1.0B
FY2024$1.1B
FY2025$1.2B
Net assets
$1.4B
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.4B
FY2021$1.6B
FY2022$1.6B
FY2023$1.6B
FY2024$1.7B
FY2025$1.8B

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 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 Jan 1938.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $829.6M Management & general 8% · $73.6M Fundraising 2% · $16.7M

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

60 people listed on the 990; $8.4M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$657,570Pt VII · Sec A
Men's Basketball Coach
$633,475Pt VII · Sec A
SR VP, CFO & Treasurer
$577,281Pt VII · Sec A
FMR. Gen Counsel (end 8/19)
$544,646Pt VII · Sec A
SVP for Enrollment & Strategy
$506,405Pt VII · Sec A
$498,107Pt VII · Sec A
FMR. VP for Admin (end 6/19)
$497,421Pt VII · Sec A
$469,498Pt VII · Sec A

Tania Tetlow’s $1.6M as President & Trustee is at the 87th 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
Tania Tetlow$1,595,734$1,516,067$691,843———
Keith a Urgo$899,114$1,047,652$528,121———
Dennis C Jacobs$712,072$685,432$661,121$651,282$653,926$327,555
Martha K Hirst$331,205$703,662$618,785$613,746$614,820$577,281
Donna Rappaccioli——$632,443$684,519$690,422$657,570
Olatokumbo Shobowale$670,192$143,015————
Jeffrey M Neubauer————$655,230$633,475
Roger Milici$638,629$544,099$482,959$434,002$441,358$420,575

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.

See Fordham University executive salaries →

Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides high-quality undergraduate and graduate education in the Jesuit tradition, alongside student housing, dining, and campus support services.

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2 programs · $829.6M · in their own filed words · FY2019
01

Higher education fordham university is an independent, not-for-profit, coeducational institution of higher learning, in the jesuit tradition, with its principal campuses located in new york city. Fordham university serves and educates approximately 9,800 undergraduate students and 7,200 graduate and professional students.

$734.7Mprogram expense
02

Student housing & food services the university provides various services for the benefit of its students, faculty and staff and in support of educational activities. For more information on current year activity related to student housing and food services, see schedule o.

$94.9Mprogram expense

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
See all 15 funders →
Grants paid · 155 grants · $1.9B · 2019–2024
Unitemized GrantFY2024$378,334,331
Yale UniversityCT · FY2024$539,306
Duke UniversityNC · FY2024$246,068
Indiana UniversityIN · FY2024$241,301
Regents Univ of CaliforniaCA · FY2024$188,746
Central Connecticut State UniversityFY2024$177,787
University of ChicagoIL · FY2024$126,533
Conprmetidos CorpPR · FY2024$119,752
Bluegrass Community and Technical CollegeFY2024$113,475
PilnetNY · FY2024$88,459
University of WashingtonFY2024$84,427
Butler HospitalRI · FY2024$71,527
See all 155 grants →

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Jun 2025 · $213.3M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$171.5M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$18.2M
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$3.8M
Aging ResearchDepartment of Health and Human Services · ALN 93.866 · Direct and through Northern California Institute for Research and Education and 3 more$3.3M
Environmental Justice Thriving Communities Grantmaking Program (ej Tcgm)Environmental Protection Agency · ALN 66.615 · Direct$1.9M

Plus 37 smaller programs.

The auditor reported no findings.

Year ending Jun 2024 · $202.2M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$167.9M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$13.2M
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$3.6M
Disaster Grants - Public Assistance (presidentially Declared Disasters)Department of Homeland Security · ALN 97.036 · Through Nys Homeland Security and Emergeny Services$2.9M
Federal Perkins Loan Program_federal Capital ContributionsDepartment of Education · ALN 84.038 · Direct$2.1M

Plus 33 smaller programs.

The auditor reported no findings.

Year ending Jun 2023 · $198.0M federal money spent
Federal Direct Student Loan ProgramDepartment of Education · ALN 84.268 · Direct$168.8M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$12.1M
Federal Perkins Loan ProgramDepartment of Education · ALN 84.038 · Direct$3.6M
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$3.0M
Federal Supplemental Educational Opportunity GrantsDepartment of Education · ALN 84.007 · Direct$2.1M

Plus 37 smaller programs.

The auditor reported no findings.

Year ending Jun 2022 · $223.2M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$174.1M
Education Stabilization FundDepartment of Education · ALN 84.425 · Direct$21.7M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$11.6M
Federal Perkins Loan ProgramDepartment of Education · ALN 84.038 · Direct$4.2M
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$2.6M

Plus 37 smaller programs.

The auditor reported 2 findings.

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$936.1M
Ln 12
Fees for servicesLn 2g$829.5M
Gifts and grantsLn 1h$72.6M
Investment incomeLn 3$33.9M
Money outPt IX
$919.9M
Ln 25
Programscol B$829.6M
Managementcol C$73.6M
Fundraisingcol D$16.7M
Owns and owesPt X
$1.4B
net assets · Ln 32
Cash and savingsLn 1–2$105.6M
Total assetsLn 16$2.1B
LiabilitiesLn 26$786.6M
PeoplePt VI, VII
60
listed · VII A
PaidVII A20
Voting boardVI 1a38
IndependentVI 1b36
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$72.6M
Government grantsLn 1e$19.2M
Noncash giftsLn 1g$6.8M
Fundraising eventsLn 1c$2.8M
Fees for servicesLn 2g$829.5M
Investment incomeLn 3$33.9M
Other incomeLn 4–11$80K
Gains on assetsLn 7$24.7M
Total revenueLn 12$936.1M
Assets in detailPt X, end of year
CashLn 1$22.1M
SavingsLn 2$83.5M
Cash and savings togetherLn 1–2$105.6M
Pledges and grants receivableLn 3$70.3M
Accounts receivableLn 4$13.0M
Notes and loans receivableLn 7$7.6M
Inventories for sale or useLn 8$781K
Prepaid expenses and deferred chargesLn 9$4.9M
Land, buildings, equipmentLn 10c$1.06B
InvestmentsLn 11–13$738.2M
Other assetsLn 15$149.5M
Total assetsLn 16$2.1B
LiabilitiesLn 26$786.6M
Net assetsLn 32$1.4B
OperationsPt I, VI
EmployeesI 58,154
VolunteersI 62,991
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
BondsSch K, Pt X
Tax-exempt bond debt owedX 20$552.5M
Bond issues listedSch K Pt I7
Raised by those issuesSch K Pt I$788.3M
Abroad and in kindSch F, M
Grants to other countriesSch F Pt II–III$44K
Noncash gifts receivedSch M Pt I$6.8M
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$7.5M
Share of the $712.8M endowmentSch D 1g1.0%
Typical, median of 2,202 orgs0.44%
EndowmentSch D · Pt V
LineFY20FY19FY18FY17FY16
End of yearLn 1g$712.8M$733.5M$729.2M$691.1M$622.1M
Given inLn 1b$16.3M$17.4M$23.8M$9.2M$18.2M
SpentLn 1d–1f$39.4M$37.3M$37.2M$33.0M$34.1M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$117.7M$105.6M
InvestmentsLn 11–13$747.7M$738.2M
Land, buildings, equipmentLn 10c$1.02B$1.06B
Total assetsLn 16$2.01B$2.15B
LiabilitiesLn 26$631.0M$786.6M
Net assetsLn 32$1.38B$1.36B
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$192K$192K
Grants to domestic individualsLn 2$257.8M$257.8M
Grants and assistance to foreign recipientsLn 3$44K$44K
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$5.4M$2.5M$2.3M$530K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$291.4M$255.5M$28.0M$7.9M
Pension plan contributionsLn 8$20.9M$19.1M$1.4M$323K
Other employee benefitsLn 9$66.8M$53.3M$10.1M$3.3M
Payroll taxesLn 10$21.0M$19.2M$1.4M$325K
Management feesLn 11a$0
Legal feesLn 11b$957K$957K
Accounting feesLn 11c$354K$354K
Lobbying feesLn 11d$53K$53K
Professional fundraising feesLn 11e$385K$385K
Investment management feesLn 11f$7.5M$7.5M
Other fees for servicesLn 11g$12.9M$12.6M$289K$22K
Advertising and promotionLn 12$6.5M$5.9M$250K$369K
Office expensesLn 13$10.0M$8.9M$906K$161K
Information technologyLn 14$12.0M$8.0M$4.0M$44K
RoyaltiesLn 15$69K$53K$16K
OccupancyLn 16$53.3M$46.3M$6.3M$775K
TravelLn 17$8.0M$7.3M$384K$251K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$9.5M$8.3M$819K$376K
InterestLn 20$14.9M$14.8M$102K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$58.4M$52.9M$4.1M$1.4M
InsuranceLn 23$3.1M$1.3M$1.8M$2K
Other expenses (24a–d)Ln 24$42.3M$42.3M
All other expensesLn 24e$16.1M$13.2M$2.4M$478K
Total functional expensesLn 25$919.9M$829.6M$73.6M$16.7M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 13, 2026 $1.2B$1.2B$58.8M$1.8B 990 PDF
FY2024Filed with the IRS May 14, 2025 $1.1B$1.1B$31.8M$1.7B 990 PDF
FY2023Filed with the IRS May 14, 2024 $1.0B$1.0B−$26.1M$1.6B 990 PDF
FY2022 $1.1B$1.0B$50.6M$1.6B 990 PDF
FY2021Filed with the IRS May 13, 2022 $953.9M$925.2M$28.7M$1.6B 990 PDF
FY2020 ViewingFiled with the IRS May 10, 2021 $936.1M$919.9M$16.2M$1.4B 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign M · Noncash J · Pay O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $936,054,028 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $91,653,725$72,632,861
I-9 Program service revenuePrior year $810,596,662$829,461,945
I-10 Investment incomePrior year $31,413,351$33,878,832
I-11 Other revenuePrior year −$134,936$80,390
I-12 Total revenuePrior year $933,528,802$936,054,028
I-13 Grants and similar amounts paidPrior year $236,791,225$257,998,998
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $386,797,870$405,486,543
I-16a Professional fundraising feesPrior year $413,761$384,756
I-17 Other expensesPrior year $249,643,757$256,017,529
I-18 Total expensesPrior year $873,646,613$919,887,826
I-19 Revenue less expensesPrior year $59,882,189$16,166,202
Part VI · Governance 36 of 38 board members independent, 1 to look at
VI-1a Voting members of the governing body38
VI-1b Independent voting members36
VI-2 Family or business relationship among officers or directorsYes
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 $936,054,028 across 13 lines filed
Lines not itemized here account for $2,843,366 of total revenue; see the IRS return.
VIII-1c Fundraising events$2,835,655
VIII-1e Government grants$19,227,032
VIII-1f All other contributions, gifts and grants$50,570,174
VIII-1g Noncash contributions (included above)$6,805,028
VIII-1h Total contributions, gifts and grants$72,632,861
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $827,021,726 · Excluded from tax $914,758$827,936,484
VIII-3 Investment incomeUnrelated business −$5,317,586 · Excluded from tax $13,203,321$7,885,735
VIII-5 RoyaltiesExcluded from tax $258,585$258,585
VIII-6 Net rental income or lossExcluded from tax $236,078$236,078
VIII-7 Net gain or loss on sales of assetsExcluded from tax $24,675,192$24,675,192
VIII-8 Net income from fundraising eventsExcluded from tax −$598,027−$598,027
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $183,754$183,754
VIII-12 Total revenueRelated to mission $828,547,187 · Unrelated business −$5,133,832 · Excluded from tax $40,007,812$936,054,028
Part IX · Statement of functional expenses $919,887,826 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $191,727$191,727
IX-2 Grants to domestic individualsPrograms $257,762,887$257,762,887
IX-3 Grants and assistance to foreign recipientsPrograms $44,384$44,384
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $2,523,624 · Management $2,338,286 · Fundraising $529,864$5,391,774
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $255,499,505 · Management $28,042,228 · Fundraising $7,857,819$291,399,552
IX-8 Pension plan contributionsPrograms $19,125,837 · Management $1,427,587 · Fundraising $323,377$20,876,801
IX-9 Other employee benefitsPrograms $53,334,726 · Management $10,147,956 · Fundraising $3,339,554$66,822,236
IX-10 Payroll taxesPrograms $19,235,204 · Management $1,435,750 · Fundraising $325,226$20,996,180
IX-11a Management fees$0
IX-11b Legal feesManagement $957,484$957,484
IX-11c Accounting feesManagement $354,405$354,405
IX-11d Lobbying feesManagement $52,690$52,690
IX-11e Professional fundraising feesFundraising $384,756$384,756
IX-11f Investment management feesManagement $7,484,111$7,484,111
IX-11g Other fees for servicesPrograms $12,599,445 · Management $288,826 · Fundraising $21,632$12,909,903
IX-12 Advertising and promotionPrograms $5,920,181 · Management $249,614 · Fundraising $368,750$6,538,545
IX-13 Office expensesPrograms $8,895,823 · Management $905,678 · Fundraising $160,680$9,962,181
IX-14 Information technologyPrograms $7,958,615 · Management $4,005,896 · Fundraising $43,965$12,008,476
IX-15 RoyaltiesPrograms $53,269 · Management $15,718$68,987
IX-16 OccupancyPrograms $46,271,620 · Management $6,283,063 · Fundraising $775,319$53,330,002
IX-17 TravelPrograms $7,333,334 · Management $384,441 · Fundraising $250,881$7,968,656
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $8,340,999 · Management $818,980 · Fundraising $376,153$9,536,132
IX-20 InterestPrograms $14,794,495 · Management $101,537$14,896,032
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $52,900,879 · Management $4,089,361 · Fundraising $1,428,683$58,418,923
IX-23 InsurancePrograms $1,281,243 · Management $1,808,483 · Fundraising $2,199$3,091,925
IX-24 Other expenses (24a–d)Programs $42,340,759$42,340,759
IX-24e All other expensesPrograms $13,224,330 · Management $2,396,418 · Fundraising $477,570$16,098,318
IX-25 Total functional expensesPrograms $829,632,886 · Management $73,588,512 · Fundraising $16,666,428$919,887,826
Part X · Balance sheet $2,146,125,008 assets, 30 lines filed
X-1 Cash, non-interest-bearingStart of year $10,263,934$22,098,543
X-2 Savings and temporary cash investmentsStart of year $107,464,898$83,538,664
X-3 Pledges and grants receivableStart of year $76,254,812$70,286,722
X-4 Accounts receivableStart of year $10,559,048$13,000,679
X-5 Loans to officers and key peopleStart of year $0$0
X-6 Loans to other insidersStart of year $0$0
X-7 Notes and loans receivableStart of year $8,851,429$7,630,033
X-8 Inventories for sale or useStart of year $1,059,358$780,704
X-9 Prepaid expenses and deferred chargesStart of year $7,973,989$4,888,099
X-10c Land, buildings and equipment, netStart of year $1,023,637,413$1,056,201,047
X-11 Publicly traded securitiesStart of year $33,067,810$56,055,024
X-12 Other securitiesStart of year $714,664,827$682,165,883
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $17,584,754$149,479,610
X-16 Total assetsStart of year $2,011,382,272$2,146,125,008
X-17 Accounts payable and accrued expensesStart of year $85,531,240$96,382,430
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $54,709,537$52,397,497
X-20 Tax-exempt bond liabilitiesStart of year $404,577,649$552,466,260
X-21 Escrow or custodial accountsStart of year $0$0
X-22 Loans from officers and insidersStart of year $0$0
X-23 Secured mortgages and notes payableStart of year $5,316,186$3,092,566
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $80,831,997$82,245,890
X-26 Total liabilitiesStart of year $630,966,609$786,584,643
X-27 Net assets without donor restrictionsStart of year $677,743,609$665,570,238
X-28 Net assets with donor restrictionsStart of year $702,672,054$693,970,127
X-32 Total net assets or fund balancesStart of year $1,380,415,663$1,359,540,365
X-33 Total liabilities and net assetsStart of year $2,011,382,272$2,146,125,008
Part XI · Reconciliation of net assets $1,359,540,365 net assets at year end
XI-1 Total revenue$936,054,028
XI-2 Total expenses$919,887,826
XI-3 Revenue less expenses$16,166,202
XI-4 Net assets at start of year$1,380,415,663
XI-5 Net unrealized gains (losses) on investments−$30,148,172
XI-9 Other changes in net assets−$6,893,328
XI-10 Net assets at end of year$1,359,540,365

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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