Delaware Valley University: Nonprofit Profile, Financials & Form 990 (EIN 23-1352665)

Revenue by fiscal year
FY2020	$90.6M
FY2021	$93.0M
FY2022	$93.9M
FY2023	$96.5M
FY2024	$100.6M
FY2025	$105.8M

Expenses by fiscal year
FY2020	$92.7M
FY2021	$91.2M
FY2022	$92.1M
FY2023	$99.0M
FY2024	$102.5M
FY2025	$102.2M

Net assets by fiscal year
FY2020	$64.8M
FY2021	$73.5M
FY2022	$69.4M
FY2023	$68.3M
FY2024	$67.4M
FY2025	$72.6M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1945.

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

Where the money goes

88 cents of each dollar spent went to programs.

88%

Program services 88% · $89.8M Management & general 11% · $11.3M Fundraising 1% · $1.1M

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

29 people listed on the 990; $1.7M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII

Benjamin Rusiloski

President

$423,807Pt VII · Sec A

Gloria Abimbola Oikelome

Provost & VP of Academic Affairs

$237,759Pt VII · Sec A

James Edward Cooper

VP of Finance and Administration

$213,127Pt VII · Sec A

Kathryn Mary Payne

VP of Enrollment Management

$204,696Pt VII · Sec A

Joseph Thomas Fiochetta

VP of Development & Alumni Affairs

$202,824Pt VII · Sec A

Stephen John Rieks

Chief Information Officer

$193,752Pt VII · Sec A

Broc Alan Sandelin - Dean of

Agriculture & Environmental Science

$187,684Pt VII · Sec A

Neil Clover

Trustee as of Nov 2024

$0Pt VII · Sec A

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

Name	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Benjamin Rusiloski	$423,807	$352,216	$330,193	$239,794	$206,294	—
Maria Gallo PHD	—	—	—	—	—	$354,168
Maria Gallo	—	—	—	$332,630	$323,354	—
Gloria Abimbola Oikelome	$237,759	—	—	—	—	—
Gloria Oikelome	—	$225,270	—	—	—	—
Joseph Fiochetta	—	$216,489	—	—	—	—
James Edward Cooper	$213,127	—	—	—	—	—
Benjamin E Rusiloski	—	—	—	—	—	$212,888

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 experiential four-year higher education, specializing in agriculture, sciences, liberal arts, and business through undergraduate, associate, and continuing professional studies programs.

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Provided by the organization

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1 program · $89.8M · in their own filed words · FY2024

01

Delaware valley university (the university) is a private coeducational four-year institution located in doylestown, bucks county, pennsylvania. The university was founded in 1896 and currently enrolls just under 1,600 full-time undergraduate students.

$89.8Mprogram 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

Schoenfeld Family FoundationFY2025$15K

Total grants receivedfrom 1 funder$15K

Grants paid · 6 grants · $224.8M · 2019–2024

Unitemized GrantFY2024$40,584,994

Unitemized GrantFY2023$39,773,174

Unitemized GrantFY2022$36,819,961

Unitemized GrantFY2021$35,995,214

Unitemized GrantFY2020$36,141,008

Unitemized GrantFY2019$35,465,368

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$105.8M

Ln 12

Fees for servicesLn 2g$93.7M

Gifts and grantsLn 1h$7.9M

Investment incomeLn 3$2.7M

Money outPt IX

$102.2M

Ln 25

Programscol B$89.8M

Managementcol C$11.3M

Fundraisingcol D$1.1M

Owns and owesPt X

$72.6M

net assets · Ln 32

Cash and savingsLn 1–2$3.4M

Total assetsLn 16$114.8M

LiabilitiesLn 26$42.2M

PeoplePt VI, VII

29

listed · VII A

PaidVII A7

Voting boardVI 1a19

IndependentVI 1b19

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$7.9M

Government grantsLn 1e$1.1M

Noncash giftsLn 1g$1.2M

Fees for servicesLn 2g$93.7M

Investment incomeLn 3$2.7M

Other incomeLn 4–11$1.6M

Gains on assetsLn 7$1.4M

Total revenueLn 12$105.8M

Assets in detailPt X, end of year

CashLn 1$428K

SavingsLn 2$3.0M

Cash and savings togetherLn 1–2$3.4M

InvestmentsLn 11–13$42.3M

Land, buildings, equipmentLn 10c$61.7M

Other assetsLn 15$2.0M

Total assetsLn 16$114.8M

LiabilitiesLn 26$42.2M

Net assetsLn 32$72.6M

OperationsPt I, VI

EmployeesI 51,305

VolunteersI 6125

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

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$73K	$3.4M
InvestmentsLn 11–13	$39.7M	$42.3M
Land, buildings, equipmentLn 10c	$64.1M	$61.7M
Total assetsLn 16	$114.1M	$114.8M
LiabilitiesLn 26	$46.7M	$42.2M
Net assetsLn 32	$67.4M	$72.6M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$40.6M	$40.6M
Pay of current officers, directors and key staffLn 5	$675K		$675K
Other salaries and wagesLn 7	$26.6M	$20.5M	$5.3M	$708K
Pension plan contributionsLn 8	$1.4M	$1.1M	$278K	$37K
Other employee benefitsLn 9	$3.9M	$3.0M	$793K	$105K
Payroll taxesLn 10	$1.9M	$1.5M	$419K	$50K
Legal feesLn 11b	$546K		$546K
Accounting feesLn 11c	$134K		$134K
Investment management feesLn 11f	$146K		$146K
Other fees for servicesLn 11g	$5.0M	$3.5M	$1.4M	$94K
Advertising and promotionLn 12	$524K	$502K	$21K
Office expensesLn 13	$1.4M	$853K	$443K	$71K
Information technologyLn 14	$787K	$610K	$177K
OccupancyLn 16	$1.7M	$1.7M
TravelLn 17	$499K	$381K	$114K	$4K
Conferences, conventions and meetingsLn 19	$43K	$32K	$11K
InterestLn 20	$1.6M	$1.6M
Depreciation, depletion and amortizationLn 22	$4.3M	$3.9M	$418K
InsuranceLn 23	$689K	$689K
Other expenses (24a–d)Ln 24	$7.3M	$7.2M	$90K	$2K
All other expensesLn 24e	$2.5M	$2.2M	$280K	$43K
Total functional expensesLn 25	$102.2M	$89.8M	$11.3M	$1.1M

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$105.8M	$102.2M	$3.6M	$72.6M	990 PDF
FY2024	$100.6M	$102.5M	−$1.9M	$67.4M	990 PDF
FY2023	$96.5M	$99.0M	−$2.5M	$68.3M	990 PDF
FY2022	$93.9M	$92.1M	$1.9M	$69.4M	990 PDF
FY2021	$93.0M	$91.2M	$1.8M	$73.5M	990 PDF
FY2020	$90.6M	$92.7M	−$2.0M	$64.8M	990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2025 990 (6 parts)

Part I · Summary $105,813,790 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $3,827,148$7,869,690

I-9 Program service revenuePrior year $77,564,504$93,667,244

I-10 Investment incomePrior year $2,327,106$2,675,915

I-11 Other revenuePrior year $16,854,869$1,600,941

I-12 Total revenuePrior year $100,573,627$105,813,790

I-13 Grants and similar amounts paidPrior year $39,733,174$40,584,994

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $34,999,802$34,479,228

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $27,779,192$27,114,170

I-18 Total expensesPrior year $102,512,168$102,178,392

I-19 Revenue less expensesPrior year −$1,938,541$3,635,398

Part VI · Governance 19 of 19 board members independent, no flags

VI-1a Voting members of the governing body19

VI-1b Independent voting members19

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 $105,813,790 across 9 lines filed

Lines not itemized here account for $1,002,157 of total revenue; see the IRS return.

VIII-1e Government grants$1,077,108

VIII-1f All other contributions, gifts and grants$6,792,582

VIII-1g Noncash contributions (included above)$1,195,700

VIII-1h Total contributions, gifts and grants$7,869,690

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $93,667,244$93,667,244

VIII-3 Investment incomeUnrelated business −$436 · Excluded from tax $1,323,162$1,322,726

VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,353,189$1,353,189

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $598,784$598,784

VIII-12 Total revenueRelated to mission $94,266,028 · Unrelated business −$436 · Excluded from tax $3,678,508$105,813,790

Part IX · Statement of functional expenses $102,178,392 across 21 lines filed

IX-2 Grants to domestic individualsPrograms $40,584,994$40,584,994

IX-5 Pay of current officers, directors and key staffManagement $675,391$675,391

IX-7 Other salaries and wagesPrograms $20,500,996 · Management $5,345,209 · Fundraising $708,401$26,554,606

IX-8 Pension plan contributionsPrograms $1,066,891 · Management $278,170 · Fundraising $36,866$1,381,927

IX-9 Other employee benefitsPrograms $3,047,626 · Management $792,548 · Fundraising $105,253$3,945,427

IX-10 Payroll taxesPrograms $1,452,710 · Management $418,969 · Fundraising $50,198$1,921,877

IX-11b Legal feesManagement $545,777$545,777

IX-11c Accounting feesManagement $133,549$133,549

IX-11f Investment management feesManagement $146,427$146,427

IX-11g Other fees for servicesPrograms $3,546,514 · Management $1,362,521 · Fundraising $93,527$5,002,562

IX-12 Advertising and promotionPrograms $502,329 · Management $21,328$523,657

IX-13 Office expensesPrograms $852,860 · Management $443,421 · Fundraising $70,600$1,366,881

IX-14 Information technologyPrograms $609,609 · Management $177,003$786,612

IX-16 OccupancyPrograms $1,657,778$1,657,778

IX-17 TravelPrograms $381,450 · Management $113,937 · Fundraising $3,856$499,243

IX-19 Conferences, conventions and meetingsPrograms $31,677 · Management $11,336$43,013

IX-20 InterestPrograms $1,584,131$1,584,131

IX-22 Depreciation, depletion and amortizationPrograms $3,861,612 · Management $418,429$4,280,041

IX-23 InsurancePrograms $688,914$688,914

IX-24 Other expenses (24a–d)Programs $7,237,158 · Management $90,211 · Fundraising $2,337$7,329,706

IX-24e All other expensesPrograms $2,203,350 · Management $280,018 · Fundraising $42,511$2,525,879

IX-25 Total functional expensesPrograms $89,810,599 · Management $11,254,244 · Fundraising $1,113,549$102,178,392

Part X · Balance sheet $114,802,260 assets, 19 lines filed

X-1 Cash, non-interest-bearingStart of year $72,935$427,720

X-2 Savings and temporary cash investments$2,979,583

X-3 Pledges and grants receivableStart of year $2,731,078$1,458,156

X-4 Accounts receivableStart of year $2,370,134$1,804,947

X-8 Inventories for sale or useStart of year $1,270,054$1,351,648

X-9 Prepaid expenses and deferred chargesStart of year $2,851,011$775,465

X-10c Land, buildings and equipment, netStart of year $64,126,603$61,686,906

X-11 Publicly traded securitiesStart of year $39,309,059$42,022,864

X-12 Other securitiesStart of year $345,006$253,189

X-15 Other assetsStart of year $1,006,351$2,041,782

X-16 Total assetsStart of year $114,134,488$114,802,260

X-17 Accounts payable and accrued expensesStart of year $6,763,888$5,893,311

X-19 Deferred revenueStart of year $2,382,859$3,195,635

X-20 Tax-exempt bond liabilitiesStart of year $31,243,936$29,356,347

X-26 Total liabilitiesStart of year $46,697,813$42,249,572

X-27 Net assets without donor restrictionsStart of year $29,870,055$29,236,161

X-28 Net assets with donor restrictionsStart of year $37,566,620$43,316,527

X-32 Total net assets or fund balancesStart of year $67,436,675$72,552,688

X-33 Total liabilities and net assetsStart of year $114,134,488$114,802,260

Part XI · Reconciliation of net assets $72,552,688 net assets at year end

XI-1 Total revenue$105,813,790

XI-2 Total expenses$102,178,392

XI-3 Revenue less expenses$3,635,398

XI-4 Net assets at start of year$67,436,675

XI-5 Net unrealized gains (losses) on investments$1,480,615

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$72,552,688

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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