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

FY2021 · 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 $962.5M in investments, Pt X · Ln 11–13
Fine: 0.9 months of spending in cash, plus $962.5M in investments.
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
$846.1M
35% of total assets
Looks good: liabilities are 35% of assets; 50% or less.
Pt X · Ln 26
Independent board members
30
of 34 voting members
Looks good: 30 of 34 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$953.9M
+2% vs prior year
Spent
$925.2M
To programs
90%
Net assets
$1.6B
By yearFY2020–FY2025
Revenue
$953.9M
FY2021▲ +2%
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
$925.2M
FY2021▲ +0.6%
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
$1.6B
FY2021▲ +17%
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 FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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% · $828.0M Management & general 9% · $81.1M Fundraising 2% · $16.0M

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

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

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$690,422Pt VII · Sec A
Men's Bktball Coach (end 1/21)
$655,230Pt VII · Sec A
Provost & SVP Academic Affairs
$653,926Pt VII · Sec A
SR VP, CFO & Treasurer
$614,820Pt VII · Sec A
SVP for Enrollment & Strategy
$531,674Pt VII · Sec A
$520,377Pt VII · Sec A
$494,999Pt VII · Sec A
$442,110Pt 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.

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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 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 · $828.0M · in their own filed words · FY2020
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 9,400 undergraduate students and 7,000 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.

$93.4Mprogram 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 →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$953.9M
Ln 12
Fees for servicesLn 2g$800.5M
Gifts and grantsLn 1h$124.5M
Investment incomeLn 3$27.9M
Money outPt IX
$925.2M
Ln 25
Programscol B$828.0M
Managementcol C$81.1M
Fundraisingcol D$16.0M
Owns and owesPt X
$1.6B
net assets · Ln 32
Cash and savingsLn 1–2$67.2M
Total assetsLn 16$2.4B
LiabilitiesLn 26$846.1M
PeoplePt VI, VII
59
listed · VII A
PaidVII A21
Voting boardVI 1a34
IndependentVI 1b30
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$124.5M
Government grantsLn 1e$31.4M
Noncash giftsLn 1g$4.6M
Fees for servicesLn 2g$800.5M
Investment incomeLn 3$27.9M
Other incomeLn 4–11$1.0M
Gains on assetsLn 7$11.5M
Total revenueLn 12$953.9M
Assets in detailPt X, end of year
CashLn 1$13.8M
SavingsLn 2$53.4M
Cash and savings togetherLn 1–2$67.2M
InvestmentsLn 11–13$962.5M
Land, buildings, equipmentLn 10c$1.11B
Other assetsLn 15$167.1M
Total assetsLn 16$2.4B
LiabilitiesLn 26$846.1M
Net assetsLn 32$1.6B
OperationsPt I, VI
EmployeesI 58,154
VolunteersI 62,991
Fiscal year endsHeaderJune
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 FY21End FY21
Cash and savingsLn 1–2$105.6M$67.2M
InvestmentsLn 11–13$738.2M$962.5M
Land, buildings, equipmentLn 10c$1.06B$1.11B
Total assetsLn 16$2.15B$2.43B
LiabilitiesLn 26$786.6M$846.1M
Net assetsLn 32$1.36B$1.58B
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$973K$973K
Grants to domestic individualsLn 2$269.4M$269.4M
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$5.6M$2.8M$2.3M$526K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$285.7M$246.5M$31.0M$8.2M
Pension plan contributionsLn 8$20.3M$18.6M$1.4M$304K
Other employee benefitsLn 9$70.0M$56.2M$10.3M$3.5M
Payroll taxesLn 10$19.7M$18.1M$1.3M$295K
Management feesLn 11a$0
Legal feesLn 11b$749K$749K
Accounting feesLn 11c$378K$378K
Lobbying feesLn 11d$28K$28K
Professional fundraising feesLn 11e$411K$411K
Investment management feesLn 11f$10.4M$10.4M
Other fees for servicesLn 11g$15.4M$14.4M$936K$95K
Advertising and promotionLn 12$5.7M$5.3M$176K$246K
Office expensesLn 13$8.9M$7.3M$1.5M$150K
Information technologyLn 14$12.0M$8.5M$3.5M$2K
RoyaltiesLn 15$72K$45K$27K
OccupancyLn 16$56.1M$47.7M$7.8M$604K
TravelLn 17$1.3M$1.3M$38K$3K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$2.4M$2.2M$115K$92K
InterestLn 20$13.1M$13.0M$72K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$57.5M$52.1M$4.0M$1.4M
InsuranceLn 23$3.7M$944K$2.7M$4K
Other expenses (24a–d)Ln 24$46.5M$45.8M$537K$147K
All other expensesLn 24e$18.7M$16.9M$1.8M$23K
Total functional expensesLn 25$925.2M$828.0M$81.1M$16.0M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.2B$1.2B$58.8M$1.8B 990 PDF
FY2024 $1.1B$1.1B$31.8M$1.7B 990 PDF
FY2023 $1.0B$1.0B−$26.1M$1.6B 990 PDF
FY2022 $1.1B$1.0B$50.6M$1.6B 990 PDF
FY2021 Viewing $953.9M$925.2M$28.7M$1.6B 990 PDF
FY2020 $936.1M$919.9M$16.2M$1.4B 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 FY2021 990 (6 parts)
Part I · Summary $953,892,663 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $72,632,861$124,473,071
I-9 Program service revenuePrior year $829,461,945$800,496,730
I-10 Investment incomePrior year $33,878,832$27,876,298
I-11 Other revenuePrior year $80,390$1,046,564
I-12 Total revenuePrior year $936,054,028$953,892,663
I-13 Grants and similar amounts paidPrior year $257,998,998$270,419,709
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $405,486,543$401,325,720
I-16a Professional fundraising feesPrior year $384,756$411,198
I-17 Other expensesPrior year $256,017,529$253,011,994
I-18 Total expensesPrior year $919,887,826$925,168,621
I-19 Revenue less expensesPrior year $16,166,202$28,724,042
Part VI · Governance 30 of 34 board members independent, 1 to look at
VI-1a Voting members of the governing body34
VI-1b Independent voting members30
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 $953,892,663 across 12 lines filed
Lines not itemized here account for $1,180,162 of total revenue; see the IRS return.
VIII-1e Government grants$31,367,543
VIII-1f All other contributions, gifts and grants$93,105,528
VIII-1g Noncash contributions (included above)$4,627,612
VIII-1h Total contributions, gifts and grants$124,473,071
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $799,370,955 · Excluded from tax $391,715$799,762,670
VIII-3 Investment incomeUnrelated business −$759,852 · Excluded from tax $16,647,170$15,887,318
VIII-5 RoyaltiesExcluded from tax $249,187$249,187
VIII-6 Net rental income or lossExcluded from tax $517,757$517,757
VIII-7 Net gain or loss on sales of assetsExcluded from tax $11,542,878$11,542,878
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $279,620$279,620
VIII-12 Total revenueRelated to mission $800,105,015 · Unrelated business −$480,232 · Excluded from tax $29,794,809$953,892,663
Part IX · Statement of functional expenses $925,168,621 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $973,479$973,479
IX-2 Grants to domestic individualsPrograms $269,446,230$269,446,230
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $2,836,846 · Management $2,268,202 · Fundraising $526,327$5,631,375
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $246,460,803 · Management $30,991,836 · Fundraising $8,199,855$285,652,494
IX-8 Pension plan contributionsPrograms $18,615,948 · Management $1,377,202 · Fundraising $303,976$20,297,126
IX-9 Other employee benefitsPrograms $56,243,560 · Management $10,253,446 · Fundraising $3,524,499$70,021,505
IX-10 Payroll taxesPrograms $18,089,578 · Management $1,338,261 · Fundraising $295,381$19,723,220
IX-11a Management fees$0
IX-11b Legal feesManagement $748,829$748,829
IX-11c Accounting feesManagement $377,689$377,689
IX-11d Lobbying feesManagement $27,525$27,525
IX-11e Professional fundraising feesFundraising $411,198$411,198
IX-11f Investment management feesManagement $10,421,580$10,421,580
IX-11g Other fees for servicesPrograms $14,382,398 · Management $936,307 · Fundraising $95,270$15,413,975
IX-12 Advertising and promotionPrograms $5,324,024 · Management $175,686 · Fundraising $245,793$5,745,503
IX-13 Office expensesPrograms $7,286,419 · Management $1,467,527 · Fundraising $150,209$8,904,155
IX-14 Information technologyPrograms $8,469,614 · Management $3,518,759 · Fundraising $2,358$11,990,731
IX-15 RoyaltiesPrograms $45,493 · Management $26,908$72,401
IX-16 OccupancyPrograms $47,693,676 · Management $7,841,494 · Fundraising $603,658$56,138,828
IX-17 TravelPrograms $1,274,112 · Management $37,757 · Fundraising $3,385$1,315,254
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $2,205,108 · Management $114,581 · Fundraising $92,399$2,412,088
IX-20 InterestPrograms $13,045,220 · Management $71,657$13,116,877
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $52,067,487 · Management $4,024,938 · Fundraising $1,406,687$57,499,112
IX-23 InsurancePrograms $943,730 · Management $2,745,619 · Fundraising $4,460$3,693,809
IX-24 Other expenses (24a–d)Programs $45,766,509 · Management $536,905 · Fundraising $146,795$46,450,209
IX-24e All other expensesPrograms $16,869,247 · Management $1,791,241 · Fundraising $22,941$18,683,429
IX-25 Total functional expensesPrograms $828,039,481 · Management $81,093,949 · Fundraising $16,035,191$925,168,621
Part X · Balance sheet $2,430,141,698 assets, 24 lines filed
Asset lines not itemized here account for $6,318,249; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $22,098,543$13,835,075
X-2 Savings and temporary cash investmentsStart of year $83,538,664$53,386,989
X-3 Pledges and grants receivableStart of year $70,286,722$98,620,464
X-4 Accounts receivableStart of year $13,000,679$10,807,194
X-8 Inventories for sale or useStart of year $780,704$705,670
X-9 Prepaid expenses and deferred chargesStart of year $4,888,099$6,268,596
X-10c Land, buildings and equipment, netStart of year $1,056,201,047$1,110,528,580
X-11 Publicly traded securitiesStart of year $56,055,024$91,736,136
X-12 Other securitiesStart of year $682,165,883$870,799,052
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $149,479,610$167,135,693
X-16 Total assetsStart of year $2,146,125,008$2,430,141,698
X-17 Accounts payable and accrued expensesStart of year $96,382,430$95,705,179
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $52,397,497$29,926,472
X-20 Tax-exempt bond liabilitiesStart of year $552,466,260$535,334,188
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $82,245,890$182,004,423
X-26 Total liabilitiesStart of year $786,584,643$846,062,828
X-27 Net assets without donor restrictionsStart of year $665,570,238$722,097,784
X-28 Net assets with donor restrictionsStart of year $693,970,127$861,981,086
X-32 Total net assets or fund balancesStart of year $1,359,540,365$1,584,078,870
X-33 Total liabilities and net assetsStart of year $2,146,125,008$2,430,141,698
Part XI · Reconciliation of net assets $1,584,078,870 net assets at year end
XI-1 Total revenue$953,892,663
XI-2 Total expenses$925,168,621
XI-3 Revenue less expenses$28,724,042
XI-4 Net assets at start of year$1,359,540,365
XI-5 Net unrealized gains (losses) on investments$190,247,353
XI-9 Other changes in net assets$5,567,110
XI-10 Net assets at end of year$1,584,078,870

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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