Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1935.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
83 cents of each dollar spent went to programs.
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
42 people listed on the 990; $3.0M paid to officers and key staff.
Hilary L Link’s $462K as President is at the 33rd 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
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Thomas Schwarz | — | — | $500,000 | $665,690 | — | — |
| Maryann Baenninger | — | — | — | — | — | $662,298 |
| Thomas J Schwarz | — | $500,000 | — | — | — | — |
| Hilary L Link | $462,099 | $469,200 | — | — | — | — |
| Maryann Baenningeruntil 0720 | — | — | — | — | $467,452 | — |
| Bret D Silver | $420,472 | $423,188 | $422,188 | $389,871 | — | — |
| John Vitali | — | — | — | $177,973 | — | $388,370 |
| Bret Silver | — | — | — | — | $373,188 | $288,036 |
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 undergraduate, graduate, and theological education, emphasizing interdisciplinary studies in the humanities to foster broadly educated, articulate scholars.
Questions for Drew University
Your first name shows with your question. Drew University answers here, for everyone.
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The drew university college of liberal arts affirms a commitment to its founding vision to offer its students a liberal arts education of the highest quality through a rigorous course of study.
Drew theological school empowers leadership for a global christianity of justice, ecumenism, and the integrity of creation. Its pastoral, spiritual, and conceptual disciplines grow within an intimate liturgical and communal context, one that sustains multiple relations of difference.
The caspersen school of graduate studies was founded on the principle of the importance of interdisciplinary study in the humanities. The goal of the school's founders was to foster broadly educated people who have expertise in a field of thought but who are also familiar with and articulate in a range of humanistic studies.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $6.2M | $10.3M |
| InvestmentsLn 11–13 | $114.7M | $119.9M |
| Land, buildings, equipmentLn 10c | $135.0M | $129.4M |
| Total assetsLn 16 | $267.9M | $268.3M |
| LiabilitiesLn 26 | $103.7M | $100.5M |
| Net assetsLn 32 | $164.2M | $167.8M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $36.3M | $36.3M | ||
| Pay of current officers, directors and key staffLn 5 | $2.2M | $1.7M | $376K | $97K |
| Other salaries and wagesLn 7 | $28.9M | $22.6M | $5.0M | $1.3M |
| Pension plan contributionsLn 8 | $277K | $216K | $45K | $15K |
| Other employee benefitsLn 9 | $3.1M | $2.5M | $514K | $174K |
| Payroll taxesLn 10 | $2.2M | $1.7M | $356K | $120K |
| Legal feesLn 11b | $129K | $3K | $126K | |
| Accounting feesLn 11c | $507K | $507K | ||
| Investment management feesLn 11f | $567K | $567K | ||
| Other fees for servicesLn 11g | $3.7M | $587K | $2.8M | $260K |
| Advertising and promotionLn 12 | $803K | $474K | $324K | $5K |
| Office expensesLn 13 | $329K | $161K | $153K | $15K |
| Information technologyLn 14 | $2.4M | $610K | $1.8M | $57K |
| OccupancyLn 16 | $9.4M | $7.4M | $1.9M | $126K |
| TravelLn 17 | $8K | $2K | $6K | |
| Conferences, conventions and meetingsLn 19 | $97K | $87K | $2K | $9K |
| InterestLn 20 | $5.0M | $4.9M | $101K | |
| Depreciation, depletion and amortizationLn 22 | $8.0M | $7.4M | $517K | |
| InsuranceLn 23 | $741K | $741K | ||
| Other expenses (24a–d)Ln 24 | $3.9M | $3.7M | $213K | $29K |
| All other expensesLn 24e | $1.5M | $868K | $660K | $5K |
| Total functional expensesLn 25 | $110.2M | $91.2M | $16.7M | $2.2M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $120.5M | $133.9M | −$13.4M | $121.6M | 990 PDF |
| FY2024 | $117.2M | $138.3M | −$21.1M | $128.8M | 990 PDF |
| FY2023 | $112.2M | $130.1M | −$17.9M | $142.1M | 990 PDF |
| FY2022 | $122.4M | $122.8M | −$391K | $152.4M | 990 PDF |
| FY2021 Viewing | $96.0M | $110.2M | −$14.1M | $167.8M | 990 PDF |
| FY2020 | $104.9M | $125.0M | −$20.1M | $164.2M | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (6 parts)
Part I · Summary $96,034,404 revenue, 12 lines filed
Part VI · Governance 24 of 25 board members independent, no flags
Part VIII · Statement of revenue $96,034,404 across 9 lines filed
Part IX · Statement of functional expenses $110,154,378 across 21 lines filed
Part X · Balance sheet $268,276,328 assets, 21 lines filed
Part XI · Reconciliation of net assets $167,823,020 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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