Arcadia University FY2024 filing

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Arcadia University provides a distinctively global, integrative, and personal learning experience for intellectually curious undergraduate and graduate students in preparation for a life of scholarship, service, and professional contribution.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
$3.8M 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
2 of 6
filings with a surplus
Average deficit $3.7M a year · 2% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$3.8M
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
2 mo
of spending, in cash
Plus $67.4M in investments, Pt X · Ln 11–13
Fine: 2.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $500
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$102.5M
42% of total assets
Looks good: liabilities are 42% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 18 voting members
Looks good: 17 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$164.4M
+6% vs prior year
Spent
$170.5M
To programs
83%
Net assets
$140.1M
By yearFY2020–FY2025
Revenue
$164.4M
FY2024▲ +6%
Tap a bar for its year
Revenue by fiscal year
FY2020$173.3M
FY2021$121.1M
FY2022$152.4M
FY2023$155.4M
FY2024$164.4M
FY2025$187.6M
Expenses
$170.5M
FY2024▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2020$165.2M
FY2021$137.3M
FY2022$150.5M
FY2023$161.5M
FY2024$170.5M
FY2025$191.5M
Net assets
$140.1M
FY2024▼ -0.5%
Tap a bar for its year
Net assets by fiscal year
FY2020$153.5M
FY2021$160.7M
FY2022$152.6M
FY2023$140.8M
FY2024$140.1M
FY2025$139.5M

From the FY2024 Form 990 (year ending May 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 Jun 1934.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $141.0M Management & general 16% · $27.9M Fundraising 1% · $1.5M

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

37 people listed on the 990; $3.8M 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
President
$538,139Pt VII · Sec A
Vice President for Finance and Treasurer
$310,436Pt VII · Sec A
Vice President for Academic Affairs and Provost
$302,578Pt VII · Sec A
Vice President for Advancement
$269,827Pt VII · Sec A
General Counsel and Secretary of the University
$256,965Pt VII · Sec A
VP Campus Life & Dean of Students
$213,536Pt VII · Sec A
Vice President for Enrollment Mgmt. (until 12/23)
$208,989Pt VII · Sec A
Vice President for IT and CIO
$204,145Pt VII · Sec A

Ajay Nair’s $521K as President is at the 42nd 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
Ajay Nair$521,390$538,139$486,737$448,303$406,034$444,262
Joan Singleton$317,221$310,436$310,888$248,909$221,288$62,622
Jeffrey Rutenbeck$294,329$302,578$295,083$287,463$280,487$123,329
Brigette Bryant$268,174$269,827$263,053$260,273$250,506$151,249
John Hoffman—————$264,928
Margaret Callahan$255,251$256,965$250,674$209,133$187,776$221,437
Rashmi Radhakrishnan$254,371$204,145$194,640$192,771$178,919$68,381
Peter Campbell————$226,966—

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 Arcadia 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides a global, integrative, and personal higher education experience that prepares undergraduate and graduate students for scholarship, service, and professional careers.

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3 programs · $141.0M · in their own filed words · FY2023
01

Arcadia university offers a high-quality liberal arts education. Students choose from over 65 major fields of study in the sciences, health sciences, education, arts and humanities, and business earning their bachelor's, master's, professional certificates, and doctoral degrees.

$93.7Mprogram expense
02

Arcadians are driven to seek, experience, and understand broad and varied perspectives, preparing them to thrive in an interconnected world. Arcadia university is distinct in that our undergraduate and graduate students engage in real-world learning opportunities, including internships, evidence-based research, service learning…

$35.6Mprogram expense
03

We believe that living in close proximity to people from different backgrounds is a critically important way for students to learn important life skills, and we treat residential life as an important opportunity for learning. Our desire is to ensure that students' living arrangements support and enhance their educational work and goals.

$11.7Mprogram 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
Total grants receivedfrom 1 funder$500
Grants paid · 14 grants · $91.0M · 2019–2024
Unitemized GrantFY2024$675,000
Unitemized GrantFY2024$467,000
Unitemized GrantFY2023$695,000
Unitemized GrantFY2023$500,000
Unitemized GrantFY2022$663,000
Unitemized GrantFY2022$475,000
Unitemized GrantFY2021$503,000
Unitemized GrantFY2021$436,000
Unitemized GrantFY2020$41,250,000
Unitemized GrantFY2020$354,000
Unitemized GrantFY2020$224,000
Unitemized GrantFY2019$43,455,000
Unitemized GrantFY2019$797,000
Unitemized GrantFY2019$466,000

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending May 2025 · $46.4M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$39.0M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$4.8M
Stem Education (formerly Education and Human Resources)National Science Foundation · ALN 47.076 · Through Drk-12 Project and 2 more$742K
Higher Education Institutional AidDepartment of Education · ALN 84.031 · Direct$521K
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$426K

Plus 12 smaller programs.

The auditor reported no findings.

Year ending May 2024 · $41.3M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$36.1M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$3.1M
Education and Human ResourcesNational Science Foundation · ALN 47.076 · Through St. Joseph's Univeristy and 1 more$701K
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$466K
Higher Education_institutional AidDepartment of Education · ALN 84.031 · Direct$319K

Plus 8 smaller programs.

The auditor reported no findings.

Year ending May 2023 · $37.4M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$32.1M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$2.8M
Education and Human ResourcesNational Science Foundation · ALN 47.076 · Direct and through St. Joseph's University and 1 more$503K
Education Stabilization FundDepartment of Education · ALN 84.425 · Direct$502K
Higher Education_institutional AidDepartment of Education · ALN 84.031 · Direct$389K

Plus 11 smaller programs.

The auditor reported 3 findings: a weakness in money controls, questioned costs.

Year ending May 2022 · $44.8M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$30.7M
Education Stabilization FundDepartment of Education · ALN 84.425 · Direct$9.3M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$2.9M
Federal Perkins Loans OutstandingDepartment of Education · ALN 84.038 · Direct$368K
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$346K

Plus 13 smaller programs.

The auditor reported no findings.

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$164.4M
Ln 12
Fees for servicesLn 2g$155.2M
Gifts and grantsLn 1h$5.3M
Investment incomeLn 3$3.1M
Money outPt IX
$170.5M
Ln 25
Programscol B$141.0M
Managementcol C$27.9M
Fundraisingcol D$1.5M
Owns and owesPt X
$140.1M
net assets · Ln 32
Cash and savingsLn 1–2$33.7M
Total assetsLn 16$242.6M
LiabilitiesLn 26$102.5M
PeoplePt VI, VII
37
listed · VII A
PaidVII A17
Voting boardVI 1a18
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.3M
Government grantsLn 1e$2.4M
Noncash giftsLn 1g$416K
Fundraising eventsLn 1c$14K
Fees for servicesLn 2g$155.2M
Investment incomeLn 3$3.1M
Other incomeLn 4–11$825K
Gains on assetsLn 7$511K
Total revenueLn 12$164.4M
Assets in detailPt X, end of year
CashLn 1$10K
SavingsLn 2$33.7M
Cash and savings togetherLn 1–2$33.7M
Pledges and grants receivableLn 3$1.8M
Accounts receivableLn 4$3.9M
Notes and loans receivableLn 7$1.5M
Inventories for sale or useLn 8$46K
Prepaid expenses and deferred chargesLn 9$2.6M
Land, buildings, equipmentLn 10c$127.6M
InvestmentsLn 11–13$67.4M
Other assetsLn 15$4.1M
Total assetsLn 16$242.6M
LiabilitiesLn 26$102.5M
Net assetsLn 32$140.1M
OperationsPt I, VI
EmployeesI 5867
VolunteersI 6608
Fiscal year endsHeaderMay
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$69.8M
Bond issues listedSch K Pt I4
Raised by those issuesSch K Pt I$90.4M
Abroad and in kindSch F, M
Grants to other countriesSch F Pt II–III$1.7M
Noncash gifts receivedSch M Pt I$416K
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$100K
Share of the $66.1M endowmentSch D 1g0.15%
Typical, median of 1,806 orgs0.44%
EndowmentSch D · Pt V
LineFY24FY23FY22FY21FY20
End of yearLn 1g$66.1M$67.8M$84.5M$97.2M$79.3M
Given inLn 1b$1.0M$1.5M$934K$820K$10.3M
SpentLn 1d–1f$9.3M$14.0M$6.8M$6.1M$3.5M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$28.4M$33.7M
InvestmentsLn 11–13$68.7M$67.4M
Land, buildings, equipmentLn 10c$124.1M$127.6M
Total assetsLn 16$238.0M$242.6M
LiabilitiesLn 26$97.2M$102.5M
Net assetsLn 32$140.8M$140.1M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$43.8M$43.8M
Grants and assistance to foreign recipientsLn 3$1.7M$1.7M
Pay of current officers, directors and key staffLn 5$2.9M$1.3M$1.2M$362K
Other salaries and wagesLn 7$42.3M$31.9M$9.9M$501K
Pension plan contributionsLn 8$2.3M$1.5M$717K$26K
Other employee benefitsLn 9$6.4M$4.3M$1.9M$215K
Payroll taxesLn 10$3.5M$2.6M$849K$66K
Legal feesLn 11b$248K$248K
Accounting feesLn 11c$337K$337K
Investment management feesLn 11f$100K$100K
Other fees for servicesLn 11g$12.6M$7.9M$4.5M$262K
Advertising and promotionLn 12$257K$234K$23K
Office expensesLn 13$130K$115K$14K$1K
Information technologyLn 14$2.1M$530K$1.5M$10K
OccupancyLn 16$4.1M$3.1M$1.1M$6K
TravelLn 17$2.3M$1.8M$512K$21K
Conferences, conventions and meetingsLn 19$297K$230K$65K$2K
InterestLn 20$2.9M$2.4M$533K
Depreciation, depletion and amortizationLn 22$5.7M$4.6M$1.1M
InsuranceLn 23$2.0M$52K$1.9M
Other expenses (24a–d)Ln 24$33.7M$32.8M$919K$32K
All other expensesLn 24e$767K$255K$510K$2K
Total functional expensesLn 25$170.5M$141.0M$27.9M$1.5M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Apr 14, 2026 $187.6M$191.5M−$3.9M$139.5M 990 PDF
FY2024 ViewingFiled with the IRS Apr 14, 2025 $164.4M$170.5M−$6.1M$140.1M 990 PDF
FY2023Filed with the IRS Mar 15, 2024 $155.4M$161.5M−$6.2M$140.8M 990 PDF
FY2022 $152.4M$150.5M$1.9M$152.6M 990 PDF
FY2021Filed with the IRS Mar 4, 2022 $121.1M$137.3M−$16.1M$160.7M 990 PDF
FY2020Filed with the IRS Mar 25, 2021 $173.3M$165.2M$8.1M$153.5M 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 FY2024 990 (6 parts)
Part I · Summary $164,420,000 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,690,000$5,338,000
I-9 Program service revenuePrior year $145,646,000$155,175,000
I-10 Investment incomePrior year $3,123,000$3,082,000
I-11 Other revenuePrior year $916,000$825,000
I-12 Total revenuePrior year $155,375,000$164,420,000
I-13 Grants and similar amounts paidPrior year $45,686,000$45,587,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $55,757,000$57,235,000
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $60,090,000$67,665,000
I-18 Total expensesPrior year $161,533,000$170,487,000
I-19 Revenue less expensesPrior year −$6,158,000−$6,067,000
Part VI · Governance 17 of 18 board members independent, no flags
VI-1a Voting members of the governing body18
VI-1b Independent voting members17
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 $164,420,000 across 12 lines filed
VIII-1c Fundraising events$14,000
VIII-1e Government grants$2,367,000
VIII-1f All other contributions, gifts and grants$2,957,000
VIII-1g Noncash contributions (included above)$416,000
VIII-1h Total contributions, gifts and grants$5,338,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $155,175,000$155,175,000
VIII-3 Investment incomeUnrelated business $40,254 · Excluded from tax $2,530,746$2,571,000
VIII-6 Net rental income or lossRelated to mission −$3,000−$3,000
VIII-7 Net gain or loss on sales of assetsExcluded from tax $511,000$511,000
VIII-8 Net income from fundraising eventsExcluded from tax −$4,000−$4,000
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $832,000$832,000
VIII-12 Total revenueRelated to mission $155,172,000 · Unrelated business $40,254 · Excluded from tax $3,869,746$164,420,000
Part IX · Statement of functional expenses $170,487,000 across 22 lines filed
IX-2 Grants to domestic individualsPrograms $43,842,000$43,842,000
IX-3 Grants and assistance to foreign recipientsPrograms $1,745,000$1,745,000
IX-5 Pay of current officers, directors and key staffPrograms $1,316,000 · Management $1,198,000 · Fundraising $362,000$2,876,000
IX-7 Other salaries and wagesPrograms $31,868,000 · Management $9,902,000 · Fundraising $501,000$42,271,000
IX-8 Pension plan contributionsPrograms $1,509,000 · Management $717,000 · Fundraising $26,000$2,252,000
IX-9 Other employee benefitsPrograms $4,251,000 · Management $1,897,000 · Fundraising $215,000$6,363,000
IX-10 Payroll taxesPrograms $2,558,000 · Management $849,000 · Fundraising $66,000$3,473,000
IX-11b Legal feesManagement $248,000$248,000
IX-11c Accounting feesManagement $337,000$337,000
IX-11f Investment management feesManagement $100,000$100,000
IX-11g Other fees for servicesPrograms $7,863,000 · Management $4,504,000 · Fundraising $262,000$12,629,000
IX-12 Advertising and promotionPrograms $234,000 · Management $23,000$257,000
IX-13 Office expensesPrograms $115,000 · Management $14,000 · Fundraising $1,000$130,000
IX-14 Information technologyPrograms $530,000 · Management $1,544,000 · Fundraising $10,000$2,084,000
IX-16 OccupancyPrograms $3,077,000 · Management $1,054,000 · Fundraising $6,000$4,137,000
IX-17 TravelPrograms $1,756,000 · Management $512,000 · Fundraising $21,000$2,289,000
IX-19 Conferences, conventions and meetingsPrograms $230,000 · Management $65,000 · Fundraising $2,000$297,000
IX-20 InterestPrograms $2,415,000 · Management $533,000$2,948,000
IX-22 Depreciation, depletion and amortizationPrograms $4,645,000 · Management $1,089,000$5,734,000
IX-23 InsurancePrograms $52,000 · Management $1,922,000$1,974,000
IX-24 Other expenses (24a–d)Programs $32,783,000 · Management $919,000 · Fundraising $32,000$33,734,000
IX-24e All other expensesPrograms $255,000 · Management $510,000 · Fundraising $2,000$767,000
IX-25 Total functional expensesPrograms $141,044,000 · Management $27,937,000 · Fundraising $1,506,000$170,487,000
Part X · Balance sheet $242,566,000 assets, 21 lines filed
X-1 Cash, non-interest-bearingStart of year $13,000$10,000
X-2 Savings and temporary cash investmentsStart of year $28,437,000$33,717,000
X-3 Pledges and grants receivableStart of year $1,514,000$1,769,000
X-4 Accounts receivableStart of year $4,562,000$3,894,000
X-7 Notes and loans receivableStart of year $1,189,000$1,464,000
X-8 Inventories for sale or useStart of year $48,000$46,000
X-9 Prepaid expenses and deferred chargesStart of year $2,772,000$2,581,000
X-10c Land, buildings and equipment, netStart of year $124,134,000$127,594,000
X-11 Publicly traded securitiesStart of year $61,897,000$60,326,000
X-12 Other securitiesStart of year $6,802,000$7,046,000
X-15 Other assetsStart of year $6,647,000$4,119,000
X-16 Total assetsStart of year $238,015,000$242,566,000
X-17 Accounts payable and accrued expensesStart of year $11,163,000$11,367,000
X-19 Deferred revenueStart of year $12,767,000$15,723,000
X-20 Tax-exempt bond liabilitiesStart of year $65,241,000$69,808,000
X-25 Other liabilitiesStart of year $8,006,000$5,552,000
X-26 Total liabilitiesStart of year $97,177,000$102,450,000
X-27 Net assets without donor restrictionsStart of year $97,500,000$91,572,000
X-28 Net assets with donor restrictionsStart of year $43,338,000$48,544,000
X-32 Total net assets or fund balancesStart of year $140,838,000$140,116,000
X-33 Total liabilities and net assetsStart of year $238,015,000$242,566,000
Part XI · Reconciliation of net assets $140,116,000 net assets at year end
XI-1 Total revenue$164,420,000
XI-2 Total expenses$170,487,000
XI-3 Revenue less expenses−$6,067,000
XI-4 Net assets at start of year$140,838,000
XI-5 Net unrealized gains (losses) on investments$5,502,000
XI-9 Other changes in net assets−$157,000
XI-10 Net assets at end of year$140,116,000

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

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