Fairleigh Dickinson University, Phi Epsilon Omicron - Fdu in Neptune, New Jersey (NJ)

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Fairleigh Dickinson University, Phi Epsilon Omicron - Fdu
Employer Identification Number (EIN)221494434
Name of OrganizationFairleigh Dickinson University
Secondary NamePhi Epsilon Omicron - Fdu
In Care of NameMike Dicairano
Address109 Oxford Way, Neptune, NJ 07753
ActivitiesSchool, college, trade school, etc.
SubsectionEducational Organization
Ruling Date04/1958
DeductibilityContributions are deductible
FoundationSchool
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period2009
Assets$50,000,000 to greater
Income$50,000,000 to greater
Filing Requirement990 (all other) or 990EZ return
Asset Amount$328,116,481
Amount of Income$298,670,036
Form 990 Revenue Amount$281,906,400
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: University or Technological Institute


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Amount of income in 2009: $298,670,036
Fairleigh Dickinson University, Phi Epsilon Omicron - Fdu: 

 $298,670,036
Other organizations performing similar types of work: 

 $136,725,850

Assets in 2009: $328,116,481
This organization: 

 $328,116,481
Other organizations performing similar types of work: 

 $239,530,668

Expenses in 2013: $265,436,448
This organization: 

 $265,436,448
Other organizations performing similar types of work: 

 $107,808,210

Income to expenses ratio in 2013: 1.1
Fairleigh Dickinson University, Phi Epsilon Omicron - Fdu: 

 1.1
Other organizations performing similar types of work: 

 1.1

Expenses allocated to program services in 2007: 91.9%
Fairleigh Dickinson University, Phi Epsilon Omicron - Fdu: 

 91.9%
Other organizations performing similar types of work: 

 85.4%

Number of employees in 2013: 2,614
This organization: 

 2,614
Other organizations performing similar types of work: 

 1,977

Employees paid over $100,000 in 2013: 7.7%
This organization: 

 7.7%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2013: 2.5%
Fairleigh Dickinson University, Phi Epsilon Omicron - Fdu: 

 2.5%
Other organizations performing similar types of work: 

 9.1%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Checklist
20122013
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?YesYes
Is the organization required to complete Schedule B, Schedule of Contributors?YesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?YesYes
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNo
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?YesYes
Did the organization report an amount for land, buildings, and equipment?YesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?NoNo
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?NoNo
Did the organization report an amount for other liabilities?YesYes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?NoNo
Did the organization obtain separate, independent audited financial statements for the tax year?YesYes
Was the organization included in consolidated, independent audited financial statements for the tax year?YesYes
Is the organization a school described in section 170(b)(1)(A)(ii)?YesYes
Did the organization maintain an office, employees, or agents outside of the United States?YesYes
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?YesYes
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?YesYes
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?YesYes
Did the organization report more than $15,000 total of fundraising event gross income and contributions?YesYes
Did the organization report more than $15,000 of gross income from gaming activities?NoNo
Did the organization operate one or more hospital facilities?NoNo
Did the organization attach a copy of its audited financial statements?NoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?YesYes
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?YesYes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?YesYes
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoYes
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoYes
A family member of a current or former officer, director, trustee, or key employee?NoYes
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?NoNo
Did the organization receive more than $25,000 in non-cash contributions?YesYes
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?YesYes
Was the organization related to any tax-exempt or taxable entity?YesYes
Did the organization have a controlled entity within the meaning of section 512(b)(13)?YesYes
Did the organization make any transfers to an exempt non-charitable related organization?NoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNo
Statements Regarding Other IRS Filings and Tax Compliance
201120122013
The number reported in Box 3 of Form 1096377357
The number of Forms W-2G00
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?YesYes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return2,5702,614
Did the organization file all required federal employment tax returns?YesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?YesYesYes
Has it filed a Form 990-T for this year?YesYes
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?YesYes
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNo
Did the organization file Form 8886-T?NoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?YesYes
Did the organization notify the donor of the value of the goods or services provided?YesYes
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNo
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities $0$0$0
Gross income from members or shareholders$0$0$0
Gross income from other sources$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNo
The amount of tax-exempt interest received or accrued during the year$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0
The amount of reserves on hand$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNo
Has it filed a Form 720 to report these payments?NoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
20122013
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$4,511,963$6,122,664
Total reportable compensation from related organizations$0$0
Total estimated amount of other compensation from the organization and related organizations$813,909$883,324
Total number of individuals who received more than $100,000 of reportable compensation from the organization142164
Total number of independent contractors who received more than $100,000 of compensation from the organization3837
Statement of Revenue
201120122013
Total revenue$265,551,637$271,654,467$281,906,400
Contributions, Gifts, Grants and Other Similar Amounts$9,879,531$7,986,607$6,966,310
Program Service Revenue$253,403,092$261,312,932$272,910,596
Colleges, Universities, and Professional Schools $219,549,027$229,667,856
Colleges, Universities, and Professional Schools $20,049,461$20,662,795
Colleges, Universities, and Professional Schools $10,332,488$10,509,983
Colleges, Universities, and Professional Schools $8,500,108$8,741,184
All other program service revenue$2,881,848$3,328,778
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$816,498$834,739$749,577
Income from investment of tax-exempt bond proceeds$0$0$0
Royalties$0$12,257$11,114
Net rental income$1,579,577$1,659,418$1,410,909
Gross rents (Real / Personal)$1,579,577 / $0$1,659,418 / $0$1,410,909 / $0
Less: rental expenses (Real / Personal)$0 / $0$0 / $0$0 / $0
Rental income or (loss) (Real / Personal)$1,579,577 / $0$1,659,418 / $0$1,410,909 / $0
Net gain/loss from sales of assets other than inventory$22,179$6,273$29,780
Gross amount from sales of assets other than inventory (Securities / Other)$7,104,948 / $0$11,223,357 / $0$16,467,632 / $0
Less: cost or other basis and sales expenses (Securities / Other)$7,082,769 / $0$11,217,084 / $0$16,437,852 / $0
Gain or (loss) (Securities / Other)$22,179 / $0$6,273 / $0$29,780 / $0
Net income/loss from fundraising events$-149,240$-157,759$-171,886
Gross income from fundraising events$115,072$85,560$153,898
Less: direct expenses$264,312$243,319$325,784
Net income/loss from gaming activities$0$0$0
Net income/loss from sales of inventory$0$0$0
Miscellaneous Revenue$0$0$0
Statement of Functional Expenses
201120122013
Total functional expenses$248,866,644$263,923,281$265,436,448
Grants and other assistance to domestic organizations and domestic governments$0$0
Grants and other assistance to domestic individuals$64,167,976$67,479,657
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$2,197,648$2,145,956
Benefits paid to or for members$0$0
Compensation of current officers, directors, trustees, and key employees$3,696,579$4,490,761$4,275,336
Compensation not included above, to disqualified persons$161,833$0
Other salaries and wages$81,299,395$86,440,045$88,874,681
Pension plan accruals and contributions$5,215,271$5,212,832
Other employee benefits$19,878,659$12,777,968
Payroll taxes$6,237,130$6,787,554$6,790,032
Fees for services (non-employees)
Management$0$0
Legal$802,378$605,453
Accounting$336,999$370,551
Lobbying$174,663$142,350
Professional fundraising services$172,452$182,007$178,136
Investment management fees$76,841$88,342
Other$10,439,034$10,665,914
Advertising and promotion$1,216,243$1,491,108
Office expenses$7,389,691$7,511,224
Information technology$5,543,607$6,699,120
Royalties$36,872$14,271
Occupancy$18,483,198$20,291,500
Travel$2,849,142$3,093,170
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0
Conferences, conventions, and meetings$3,657,536$3,335,671
Interest$5,449,293$5,248,911
Payments to affiliates$0$0
Depreciation, depletion, and amortization$8,318,800$9,786,836
Insurance$3,010,371$2,876,986
Other expenses$2,446,000$480,876
Other expenses$802,413$2,751,000
Other expenses$601,103$677,036
Other expenses$544,826$560,261
Other expenses$2,222,517$1,011,270
Balance Sheet
201120122013
Total assets$294,172,385$309,449,197$328,116,481
Cash - non-interest-bearing$0$0
Savings and temporary cash investments$79,836,330$78,982,893
Pledges and grants receivable, net$2,200,578$1,672,194
Accounts receivable, net$18,490,486$18,500,437
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0
Notes and loans receivable, net$0$0
Inventories for sale or use$0$0
Prepaid expenses and deferred charges$4,556,905$4,284,752
Land, buildings, and equipment: cost or other basis$169,871,980$181,283,219
Investments - publicly traded securities$34,375,929$43,275,997
Investments - other securities$30,000$30,000
Investments - program-related$0$0
Intangible assets$0$0
Other assets$86,989$86,989
Total liabilities$171,661,484$178,982,899$175,948,707
Accounts payable and accrued expenses$25,817,052$22,607,033
Grants payable$0$0
Deferred revenue$2,212,262$2,325,558
Tax-exempt bond liabilities$103,426,678$99,525,296$95,432,184
Escrow or custodial account liability$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0
Secured mortgages and notes payable to unrelated third parties$0$0$0
Unsecured notes and loans payable to unrelated third parties$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$51,428,289$55,583,932
Total net assets or fund balances$122,510,901$130,466,298$152,167,774
Unrestricted net assets$99,927,623$117,149,404
Temporarily restricted net assets$13,591,698$15,973,215
Permanently restricted net assets$16,946,977$19,045,155
Capital stock or trust principal, or current funds$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:A school described in section 170(b)(1)(A)(ii)
Number of organizations supported0
Sum of amounts of support$0
Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$131,421,138$141,494,845$149,212,349$164,111,737$179,458,412$200,634,152$214,022,001$223,898,448
Contributions, gifts, grants, and similar amounts received$9,408,460$11,861,794$9,414,647$9,209,600$10,738,422$17,601,022$11,752,845$11,784,976
Contributions to donor advised funds$0$0
Direct public support$1,704,099$1,787,494$2,322,125$3,195,527$4,295,200$9,925,741$5,044,990$5,727,420
Indirect public support$27,201$11,495$19,261$82,077$95,361$92,450$89,583$30,938
Government contributions (grants)$7,677,160$10,062,805$7,073,261$5,931,996$6,347,861$7,582,831$6,618,272$6,026,618
Program service revenue including government fees and contracts$119,658,839$127,417,313$137,731,321$153,310,135$166,802,896$180,626,330$198,672,023$208,906,575
Membership dues and assessments$32,002$24,285$19,835$14,575$26,657$30,667$21,586$23,860
Interest on savings and temporary cash investments$835,868$443,625$195,865$154,342$441,351$968,939$1,832,463$1,411,923
Dividends and interest from securities$389,314$350,662$309,198$253,166$309,299$342,439$527,039$602,703
Net rental income or (loss)$1,127,525$1,555,158$1,683,069$1,235,079$1,193,710$1,100,042$1,249,407$1,243,785
Gross rents$1,127,525$1,555,158$1,683,069$1,235,079$1,193,710$1,100,042$1,249,407$1,243,785
Less: rental expenses$0$0$0$0$0$0$0$0
Other investment income$0$0$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$-16,676$-85,387$-24,815$-8,702$-15,152$19,902$45,587$7,701
Gross amount from sales of assets other than inventory$3,105,180$2,474,230$21,596$228,459$2,082,365$4,507,381$2,889,463$886,651
Less: cost or other basis and sales expenses$3,121,856$2,559,617$46,411$237,161$2,097,517$4,487,479$2,843,876$878,950
Net income or (loss) from special events and activities$-14,194$-72,605$-116,771$-56,458$-38,771$-55,189$-78,949$-83,075
Gross revenue$75,330$52,180$112,030$150,100$137,783$129,660$120,407$105,440
Less: direct expenses other than fundraising expenses$89,524$124,785$228,801$206,558$176,554$184,849$199,356$188,515
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0$0$0
Total expenses$129,490,311$138,031,218$148,942,807$162,619,984$174,301,089$185,288,299$200,528,077$213,175,670
Program services$117,198,436$125,622,291$135,146,420$149,595,818$159,022,667$170,297,770$185,045,414$195,850,623
Management and general$11,623,678$11,611,486$12,686,543$12,108,542$14,231,616$13,665,772$14,122,729$15,864,539
Fundraising$668,197$797,441$1,109,844$915,624$1,046,806$1,324,757$1,359,934$1,460,508
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$44,493,814$45,997,431$46,165,645$49,528,368$54,196,229$65,066,003$73,942,531$82,482,680
Excess or (deficit) for the year$1,930,827$3,463,627$269,542$1,491,753$5,157,323$15,345,853$13,493,924$10,722,778
Net assets or fund balances at beginning of year$43,105,574$44,493,814$45,997,431$46,165,645$49,528,368$54,196,229$65,066,003$73,942,531
Other changes in net assets or fund balances$-542,587$-1,960,010$-101,328$1,870,970$-489,462$-4,476,079$-4,617,396$-2,182,629
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$213,175,670$195,850,623$15,864,539$1,460,508
Grants paid from donor advised funds$0
Other grants and allocations$44,911,020
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$2,485,816$890,226$1,357,682$237,908
Compensation of former officers, directors, key employees, etc.$347,904$1,838$346,066$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$73,641,591$66,385,239$6,671,531$584,821
Pension plan contributions not included above$5,279,347$4,644,242$578,088$57,017
Employee benefits not included above$14,299,254$12,978,341$1,202,327$118,586
Payroll taxes$5,736,871$5,046,726$628,187$61,958
Professional fundraising fees$0$0$0$0
Accounting fees$318,102$0$318,102$0
Legal fees$303,224$0$303,224$0
Supplies$1,378,468$1,286,518$88,723$3,227
Telephone$1,640,089$1,557,907$77,463$4,719
Postage and shipping$1,532,843$1,352,595$152,004$28,244
Occupancy$17,406,057$17,020,814$385,222$21
Equipment rental and maintenance$3,819,974$3,597,911$212,397$9,666
Printing and publications$2,206,096$1,890,800$231,638$83,658
Travel$2,520,189$2,321,797$190,075$8,317
Conferences, conventions, and meetings$2,857,081$2,549,900$251,842$55,339
Interest$5,949,029$5,838,481$110,548$0
Depreciation, depletion, etc.$6,723,666$6,354,904$368,150$612
Other expenses not covered above$19,819,049$17,221,364$2,391,270$206,415
Balance Sheets
20002001200220032004200520062007
Total assets$144,411,795$145,910,415$218,801,446$213,440,738$218,522,168$231,829,735$249,384,962$257,800,890
Cash - non-interest-bearing$0$0$0$530,534$0$0$0$0
Savings and temporary cash investments$14,815,851$13,708,157$44,158,764$20,505,034$25,587,262$31,392,861$42,674,957$52,621,249
Accounts receivable less allowance for doubtful accounts$13,394,984$12,570,557$12,999,804$13,643,910$12,135,415$12,648,077$13,681,521$14,056,992
Pledges receivable less allowance for doubtful accounts$7,658,623$6,660,063$6,384,851$7,213,298$8,144,894$10,849,806$10,079,150$9,281,780
Grants receivable$399,368$410,017$507,719$338,736$399,418$378,620$558,846$382,288
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Inventories for sale or use$0$0$0$0$0$0$0$0
Prepaid expenses and deferred charges$1,345,818$1,261,470$4,103,654$3,900,820$4,602,658$4,380,514$4,357,573$4,397,932
Investments - publicly-traded securities$27,877,327$27,769,447
Investments - other securities$13,898,348$12,933,227$17,430,409$17,446,814$18,662,889$23,428,974$0$30,000
Investments - land, buildings, and equipment less accumulated depreciation$86,989$86,989$86,989$86,989$86,989$86,989$86,989$86,989
Investments - other$747,929$747,548$747,485$747,402$16,143$0$0$0
Land, buildings, and equipment less accumulated depreciation$92,063,885$97,532,387$132,381,771$149,027,201$148,155,320$148,663,894$150,068,599$149,174,213
Other assets, including program-related investments$0$0$0$0$731,180$0$0$0
Total liabilities$99,917,981$99,912,984$172,635,801$163,912,370$164,325,939$166,763,732$175,442,431$175,318,210
Accounts payable and accrued expenses$16,011,813$14,665,153$25,748,532$16,920,375$15,392,611$15,547,247$17,790,876$19,022,821
Grants payable$0$7,915,664$804,345$7,793,286$0$7,875,738$7,911,642$7,903,984
Deferred revenue$4,939,303$5,331,179$5,844,243$5,522,124$6,166,934$5,680,409$5,693,600$5,098,880
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0$0
Mortgages and other notes payable$59,301,775$59,461,955$121,106,956$121,358,917$122,454,156$120,753,556$118,379,537$115,185,435
Other liabilities$19,665,090$12,539,033$19,131,725$12,317,658$20,312,238$16,906,782$25,666,776$28,107,090
Total liabilities and net assets/fund balances$144,411,795$145,910,415$218,801,446$213,440,738$218,522,168$231,829,735$249,384,962$257,800,890
Total net assets or fund balances$44,493,814$45,997,431$46,165,645$49,528,368$54,196,229$65,066,003$73,942,531$82,482,680
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$131,421,138$141,494,845$149,212,349$164,111,737$179,458,412$200,634,152$214,022,001$223,898,448
Total revenue, gains, and other support per audited financial statements$130,958,830$139,650,375$149,330,577$166,180,020$180,536,196$201,877,861$217,804,217$221,876,812
Other expenses$-462,308$-1,844,470$118,228$2,068,283$1,077,784$1,243,709$3,782,216$-2,021,636
Net unrealized gains on investments$-542,587$-1,960,010$-101,328$1,870,970$927,183$1,084,813$3,618,435$-2,181,549
Donated services and use of facilities$0$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$80,279$115,540$219,556$197,313$150,601$158,896$163,781$159,913
Other revenue$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$129,490,311$138,031,218$148,942,807$162,619,984$174,301,089$185,288,299$200,528,077$213,175,670
Total expenses and losses per audited financial statements$129,570,590$138,146,758$149,162,363$162,817,297$175,868,335$191,008,087$208,927,689$213,336,663
Other revenue$80,279$115,540$219,556$197,313$1,567,246$5,719,788$8,399,612$160,993
Donated services and use of facilities$0$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$0$1,416,645$669,632$8,235,831$1,080
Other$80,279$115,540$219,556$197,313$150,601$5,050,156$163,781$159,913
Other expenses$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
55$66,981$6,343$2,186
40$153,318$23,083$3,450
84$254,985$134,029$73,607
50$237,908$68,652$3,621
50$257,415$52,799$11,400
65$340,711$134,012$9,337
65$180,000$63,968$6,000
58$183,713$66,969$6,000
55$169,571$35,306$9,000
50$155,000$23,402$1,177
65$200,900$38,089$1,098
55$149,000$60,515$6,000
55$136,314$18,350$4,904
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings24
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Former Officers, Directors, Trustees, and Key Employees That Received Compensation or Other Benefits
Loans and AdvancesCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
$0$207,111$10,153$209,225
$0$1,838$6$0
$0$138,955$28,578$4,906
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?Yes
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?Yes
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20062,401
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$25,194$3,266,112$208,822,166
Program service revenue
Program service revenue 1000000$000$0$175,007,820
Program service revenue 2000000$000$0$7,877,507
Program service revenue 3000000$000$0$15,947,816
Program service revenue 4000000$000$0$7,299,371
Program service revenue 5Advertising and related services$1,33400$0$2,772,727
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments713900$23,86000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$1,411,923$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$602,703$0
Net rental income or (loss) from real estate
debt-financed property000000$0Income exempt from debt-financed (section 514) provisions because at least 85% of the use of the property is for the organization's exempt purposes (Note: This code is only for income from the 15% or less non-exempt purpose use.) (section 514(b)(1)(A))$243,282$0
not debt-financed property000000$0Real property rental income that does not depend on the income or profits derived by the person leasing the property and is excluded by section 512(b)(3)$1,000,503$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Income from an activity that is not regularly carried on (section 512(a)(1))$7,701$0
Net income or (loss) from special events000000$000$0$-83,075
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
222385644100%$-720$250
222317172100%$-1,935$750
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$169,583$19,807$3,850
$176,842$23,311$0
$188,539$35,434$1,663
$169,720$31,335$1,339
$169,073$32,251$3,600
Total number of other employees paid over $50,000524
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$150,097
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?Yes
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isSchool
Support Schedule
19992000200120022003200420052006
Total$0$0$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$195,850,623
Total lobbying expenditures$150,097
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$150,097
Other exempt purpose expenditures$195,700,526
Lobbying nontaxable amount$1,000,000
Grassroots nontaxable amount$250,000
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3Stevens Institute Of Technology Trustees1 Castle Point On Hudson, Hoboken, NJ 07030NJ1986-10$411,499,423
4Fairleigh Dickinson University, Phi Epsilon Omicron - Fdu109 Oxford Way, Neptune, NJ 07753NJ1958-04$298,670,036
5Monmouth University400 Cedar Ave, W Long Branch, NJ 07764-1898NJ1958-05$273,866,256
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7Lebanese American University15 Roszel Rd, Princeton, NJ 08540-6248NJ1964-01$188,886,101
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17Great Lakes UniversityPo Box 4347, Auburn Hills, MI 48326MI2007-09$0
18Medical And Technological University Of America Foundation683 Windmill Ct, Fremont, CA 94539CA2007-11$0
19Trustees Of Princeton University, Princeton Alumni Assoc Of Essex CouPO BOX 291, Princeton, NJ 08544-0001NJ1984-02$0
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Number of organizations performing similar types of work
Alaska1
Alabama4
Arkansas1
Arizona2
California36
Colorado5
Connecticut9
District of Columbia6
Delaware2
Florida10
Georgia10
Hawaii2
Iowa7
Illinois19
Indiana6
Kansas4
Kentucky4
Louisiana4
Massachusetts19
Maryland7
Maine2
Michigan11
Minnesota5
Missouri9
Mississippi1
North Carolina11
North Dakota1
Nebraska2
New Hampshire3
New Jersey12
New York37
Ohio20
Oklahoma5
Oregon5
Pennsylvania29
Rhode Island3
South Carolina2
Tennessee6
Texas20
Utah1
Virginia11
Vermont3
Washington9
Wisconsin8
West Virginia2
International20
Total396

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