Salus University FY2020 filing

Philadelphia, PAHigher education institutionSince 1919EIN 23-1413680Revenue $52.2M in FY2020

On file with the IRSsalus.edu3201 Arch Street 400 · Philadelphia, PA

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Advancing integrated health care through innovative education, research and clinical services

82¢ of each $1 spent went to programs.
$2.7M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $129K a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.7M
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
8
named funders · $119K
Looks good: 8 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$53.5M
74% of total assets
Worth a look: liabilities are 74% of assets; over 65%.
Pt X · Ln 26
Independent board members
17
of 19 voting members
Looks good: 17 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$52.2M
Spent
$50.8M
To programs
82%
Net assets
$18.7M
By yearFY2020–FY2024
Revenue
$52.2M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$52.2M
FY2021$54.0M
FY2022$55.0M
FY2023$57.1M
FY2024$60.1M
Expenses
$50.8M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$50.8M
FY2021$51.6M
FY2022$55.8M
FY2023$59.1M
FY2024$60.3M
Net assets
$18.7M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$18.7M
FY2021$26.9M
FY2022$28.1M
FY2023$26.7M
FY2024$0

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 (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $41.6M Management & general 17% · $8.9M Fundraising 1% · $380K

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; $2.7M 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
$466,756Pt VII · Sec A
Dean College of Optometry
$259,853Pt VII · Sec A
$258,126Pt VII · Sec A
$243,855Pt VII · Sec A
$236,524Pt VII · Sec A
Vice President and Provost
$236,106Pt VII · Sec A
Dean College of Audiology
$222,719Pt VII · Sec A
$213,274Pt VII · Sec A

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

NameFY2024FY2023FY2022FY2021FY2020
Dr Michael H Mittelman$420,663$445,844$384,809$403,750$466,756
Dr Radkika Aravamudhan—$309,289$295,394$237,700$222,719
Dr Radhika Aravamudhan$297,768————
Dr Melissa Trego$279,199$273,692$287,197$264,042$259,853
Dr Mitchell Scheiman$275,004$266,655$269,823$268,022$258,126
Dr Barry Eckert$207,355$266,748$269,422$266,424$236,106
Mr Brian D Zuckerman ESQ——$165,779$259,190$236,524
Dr Maria L Parisi——$219,518$217,272$243,855

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

Advance integrated healthcare through education, research, and clinical services.

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Provided by the organization

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3 programs · $41.6M · in their own filed words · FY2019
01

Post Graduate Program

Salus university is a post graduate educational institution. The university programs lead to doctoral degrees in optometry, audiology and occupational therapy, a PHD in biomedicine, and master's degrees in medical science, occupational therapy, speech and language, low vision rehabilitation and others.

$32.9Mprogram expense
02

Clinical Program

The university operates three clinical teaching facilities. Approximately 400 students are trained annually. The clinics provide eye care, ear care and speech and language rehabilitation to over 50,000 patients a year.

$7.5Mprogram expense
03

Research Program

The university receives federal, state and private grants to support basic research, clinical research, specialized training and student financial aid. These amounts are expended pursuant to the grant agreement.

$1.2Mprogram 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 · FY2024
See all 8 funders →
Grants paid · 17 grants · $17.2M · 2019–2023
Unitemized GrantFY2023$2,459,081
Unitemized GrantFY2023$999,920
Unitemized GrantFY2022$2,026,904
Unitemized GrantFY2022$1,371,662
Individual RecipientFY2022$30,000
Pennsylvania College of OptometryPA · FY2021$3,000,000
Unitemized GrantFY2021$1,792,287
Unitemized GrantFY2021$1,041,765
Unitemized GrantFY2020$1,813,639
Unitemized GrantFY2020$329,494
University of ArizonaFY2020$19,551
Florida State UniversityFL · FY2020$13,280
Individual RecipientFY2020$10,000
University of North Carolina at GreensboroFY2020$7,288
Portland State UniversityFY2020$6,408
Unitemized GrantFY2019$1,532,086

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$52.2M
Ln 12
Fees for servicesLn 2g$45.3M
Gifts and grantsLn 1h$4.8M
Other incomeLn 4–11$1.9M
Money outPt IX
$50.8M
Ln 25
Programscol B$41.6M
Managementcol C$8.9M
Fundraisingcol D$380K
Owns and owesPt X
$18.7M
net assets · Ln 32
Cash and savingsLn 1–2$18.1M
Total assetsLn 16$72.2M
LiabilitiesLn 26$53.5M
PeoplePt VI, VII
29
listed · VII A
PaidVII A12
Voting boardVI 1a19
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.8M
Government grantsLn 1e$3.1M
Fees for servicesLn 2g$45.3M
Investment incomeLn 3$129K
Other incomeLn 4–11$1.9M
Total revenueLn 12$52.2M
Assets in detailPt X, end of year
CashLn 1$500
SavingsLn 2$18.1M
Cash and savings togetherLn 1–2$18.1M
InvestmentsLn 11–13$10.1M
Land, buildings, equipmentLn 10c$36.8M
Other assetsLn 15$4.0M
Total assetsLn 16$72.2M
LiabilitiesLn 26$53.5M
Net assetsLn 32$18.7M
OperationsPt I, VI
EmployeesI 5920
VolunteersI 620
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 FY20End FY20
Cash and savingsLn 1–2$19.0M$18.1M
InvestmentsLn 11–13$11.5M$10.1M
Land, buildings, equipmentLn 10c$38.1M$36.8M
Total assetsLn 16$75.1M$72.2M
LiabilitiesLn 26$57.7M$53.5M
Net assetsLn 32$17.3M$18.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$750K$750K
Grants to domestic individualsLn 2$1.5M$1.5M
Pay of current officers, directors and key staffLn 5$1.6M$512K$1.1M
Other salaries and wagesLn 7$24.6M$21.5M$2.9M$184K
Pension plan contributionsLn 8$2.1M$1.9M$237K$15K
Other employee benefitsLn 9$3.9M$3.3M$553K$10K
Payroll taxesLn 10$2.1M$1.8M$306K$13K
Legal feesLn 11b$38K$5K$33K
Accounting feesLn 11c$89K$89K
Lobbying feesLn 11d$70K$70K
Other fees for servicesLn 11g$3.5M$3.0M$445K$8K
Advertising and promotionLn 12$202K$180K$21K$30
Office expensesLn 13$466K$368K$20K$79K
Information technologyLn 14$943K$262K$681K
OccupancyLn 16$2.7M$2.2M$558K
TravelLn 17$461K$384K$74K$2K
Conferences, conventions and meetingsLn 19$233K$220K$11K$2K
InterestLn 20$444K$293K$150K
Depreciation, depletion and amortizationLn 22$2.8M$2.1M$690K
InsuranceLn 23$427K$285K$142K
Other expenses (24a–d)Ln 24$1.2M$672K$519K$43K
All other expensesLn 24e$762K$415K$324K$23K
Total functional expensesLn 25$50.8M$41.6M$8.9M$380K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $60.1M$60.3M−$244K$0 990 PDF
FY2023 $57.1M$59.1M−$2.0M$26.7M 990 PDF
FY2022 $55.0M$55.8M−$776K$28.1M 990 PDF
FY2021 $54.0M$51.6M$2.3M$26.9M 990 PDF
FY2020 Viewing $52.2M$50.8M$1.3M$18.7M 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 FY2020 990 (6 parts)
Part I · Summary $52,169,129 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,039,477$4,822,063
I-9 Program service revenuePrior year $46,296,168$45,334,602
I-10 Investment incomePrior year $175,112$129,248
I-11 Other revenuePrior year $827,541$1,883,216
I-12 Total revenuePrior year $52,338,298$52,169,129
I-13 Grants and similar amounts paidPrior year $3,147,864$2,282,086
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $37,573,754$34,190,155
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $12,833,061$14,350,885
I-18 Total expensesPrior year $53,554,679$50,823,126
I-19 Revenue less expensesPrior year −$1,216,381$1,346,003
Part VI · Governance 17 of 19 board members independent, no flags
VI-1a Voting members of the governing body19
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 $52,169,129 across 9 lines filed
Lines not itemized here account for $316,037 of total revenue; see the IRS return.
VIII-1d Related organizations$227,569
VIII-1e Government grants$3,144,594
VIII-1f All other contributions, gifts and grants$1,449,900
VIII-1h Total contributions, gifts and grants$4,822,063
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $45,334,602$45,334,602
VIII-3 Investment incomeExcluded from tax $129,248$129,248
VIII-6 Net rental income or lossExcluded from tax $245,449$245,449
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,321,730$1,321,730
VIII-12 Total revenueRelated to mission $45,601,820 · Unrelated business $0 · Excluded from tax $1,745,246$52,169,129
Part IX · Statement of functional expenses $50,823,126 across 22 lines filed
IX-1 Grants to domestic organizationsPrograms $750,000$750,000
IX-2 Grants to domestic individualsPrograms $1,532,086$1,532,086
IX-5 Pay of current officers, directors and key staffPrograms $511,772 · Management $1,060,647$1,572,419
IX-7 Other salaries and wagesPrograms $21,491,682 · Management $2,886,141 · Fundraising $184,333$24,562,156
IX-8 Pension plan contributionsPrograms $1,856,757 · Management $237,050 · Fundraising $14,542$2,108,349
IX-9 Other employee benefitsPrograms $3,310,712 · Management $552,507 · Fundraising $9,515$3,872,734
IX-10 Payroll taxesPrograms $1,755,095 · Management $305,943 · Fundraising $13,459$2,074,497
IX-11b Legal feesPrograms $4,645 · Management $33,325$37,970
IX-11c Accounting feesManagement $89,255$89,255
IX-11d Lobbying feesManagement $69,868$69,868
IX-11g Other fees for servicesPrograms $3,025,368 · Management $445,440 · Fundraising $8,010$3,478,818
IX-12 Advertising and promotionPrograms $180,305 · Management $21,290 · Fundraising $30$201,625
IX-13 Office expensesPrograms $367,551 · Management $19,627 · Fundraising $78,539$465,717
IX-14 Information technologyPrograms $262,219 · Management $680,527$942,746
IX-16 OccupancyPrograms $2,187,564 · Management $558,268$2,745,832
IX-17 TravelPrograms $384,234 · Management $74,062 · Fundraising $2,358$460,654
IX-19 Conferences, conventions and meetingsPrograms $219,738 · Management $11,099 · Fundraising $2,442$233,279
IX-20 InterestPrograms $293,424 · Management $150,082$443,506
IX-22 Depreciation, depletion and amortizationPrograms $2,068,786 · Management $689,595$2,758,381
IX-23 InsurancePrograms $285,432 · Management $142,005$427,437
IX-24 Other expenses (24a–d)Programs $671,534 · Management $519,200 · Fundraising $43,456$1,234,190
IX-24e All other expensesPrograms $414,723 · Management $323,793 · Fundraising $23,091$761,607
IX-25 Total functional expensesPrograms $41,573,627 · Management $8,869,724 · Fundraising $379,775$50,823,126
Part X · Balance sheet $72,160,426 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $500$500
X-2 Savings and temporary cash investmentsStart of year $19,014,342$18,062,597
X-4 Accounts receivableStart of year $2,327,365$2,395,943
X-8 Inventories for sale or useStart of year $39,057$43,473
X-9 Prepaid expenses and deferred chargesStart of year $765,130$794,301
X-10c Land, buildings and equipment, netStart of year $38,132,739$36,784,217
X-13 Program-related investmentsStart of year $11,460,350$10,104,361
X-15 Other assetsStart of year $3,311,041$3,975,034
X-16 Total assetsStart of year $75,050,524$72,160,426
X-17 Accounts payable and accrued expensesStart of year $2,590,581$2,578,892
X-19 Deferred revenueStart of year $10,323,966$10,908,180
X-20 Tax-exempt bond liabilitiesStart of year $14,578,540$14,096,394
X-25 Other liabilitiesStart of year $28,539,163$24,542,223
X-26 Total liabilitiesStart of year $57,709,710$53,473,609
X-27 Net assets without donor restrictionsStart of year $16,987,422$18,341,897
X-28 Net assets with donor restrictionsStart of year $353,392$344,920
X-32 Total net assets or fund balancesStart of year $17,340,814$18,686,817
X-33 Total liabilities and net assetsStart of year $75,050,524$72,160,426
Part XI · Reconciliation of net assets $18,686,817 net assets at year end
XI-1 Total revenue$52,169,129
XI-2 Total expenses$50,823,126
XI-3 Revenue less expenses$1,346,003
XI-4 Net assets at start of year$17,340,814
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$18,686,817

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

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