Rowan University Foundation Inc
Rowan University Foundation: Strong Asset Growth, High Program Spending
EIN: 222482802 · Glassboro, NJ · NTEE: B11 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $52.2M |
| Total Expenses | $18.8M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $18,801,322 |
| Net Assets | $390.4M |
| Transparency Score | 85/100 |
Is Rowan University Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rowan University Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Rowan University Foundation Inc
Rowan University Foundation Inc (EIN: 222482802) is a nonprofit organization based in Glassboro, NJ, classified under NTEE code B11. The organization reported total revenue of $52.2M and total assets of $428.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rowan University Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rowan University Foundation Inc is a major nonprofit that has been operating for 42 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 16.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $48.3M |
| Total Expenses | $18.8M |
| Surplus / Deficit | +$29.5M |
| Total Assets | $391.6M |
| Total Liabilities | $1.2M |
| Net Assets | $390.4M |
| Operating Margin | 61.1% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 249.9 months |
Financial Health Grade: A
In 2023, Rowan University Foundation Inc reported a surplus of $29.5M with revenue exceeding expenses, holds 249.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Rowan University Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 16.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -17.9% | +8.4% | +11.8% |
| 2022 | +50.2% | +14.6% | +3.1% |
| 2021 | +40.4% | +7.3% | +41.1% |
| 2020 | +26.4% | -2.4% | +1.3% |
| 2019 | -28.0% | -1.6% | +3.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1984 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Rowan University Foundation Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Rowan University Foundation Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $29.5M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.3%.
Executive Compensation Analysis
Executive compensation appears reasonable given the organization's size and asset base, with total expenses of $18,801,322 in 2023, which includes salaries and other operational costs.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Rowan University Foundation Inc:
- Significant asset growth from $190,066,563 in 2016 to $391,588,315 in 2023, demonstrating strong financial management and donor confidence.
- Consistent high percentage of expenses dedicated to programs, indicating a strong focus on its mission.
- Healthy revenue streams, with total revenue of $48,338,446 in 2023.
- Low lobbying expenses (0%) across all reported years, suggesting a focus on direct mission-related activities rather than political influence.
Frequently Asked Questions about Rowan University Foundation Inc
Is Rowan University Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Rowan University Foundation Inc (EIN: 222482802) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does Rowan University Foundation Inc spend its money?
Rowan University Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Rowan University Foundation Inc tax-deductible?
Rowan University Foundation Inc is registered as a tax-exempt nonprofit (EIN: 222482802). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Rowan University Foundation Inc CEO make?
Rowan University Foundation Inc's highest-compensated officer earns $18,801,322 annually. The organization reported $52.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Rowan University Foundation Inc's spending goes to programs?
Rowan University Foundation Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Rowan University Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Rowan University Foundation Inc is above average for NTEE category B11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Rowan University Foundation Inc located?
Rowan University Foundation Inc is headquartered in Glassboro, New Jersey and files with the IRS under EIN 222482802. It is classified under NTEE code B11.
How many years of IRS 990 filings does Rowan University Foundation Inc have?
Rowan University Foundation Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $52.2M in total revenue.
What does Rowan University Foundation Inc do?
Rowan University Foundation Inc is a nonprofit organization in the Education sector, located in Glassboro, New Jersey. It is classified under NTEE code B11.
How much revenue does Rowan University Foundation Inc have?
Rowan University Foundation Inc reported total revenue of $52,237,494. Based on 13 IRS 990 filings on record.
What are Rowan University Foundation Inc's total assets?
Rowan University Foundation Inc holds total assets of $428,578,315 as reported in IRS 990 filings.
Where is Rowan University Foundation Inc located?
Rowan University Foundation Inc is based in Glassboro, New Jersey.
What is Rowan University Foundation Inc's EIN?
Rowan University Foundation Inc's Employer Identification Number (EIN) is 222482802. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Rowan University Foundation Inc?
Rowan University Foundation Inc is classified under NTEE code B11 (Education).
Is Rowan University Foundation Inc a registered 501(c)(3)?
Yes, Rowan University Foundation Inc is recognized as a tax-exempt organization by the IRS. EIN: 222482802.
Does Rowan University Foundation Inc file IRS Form 990?
Yes, Rowan University Foundation Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Rowan University Foundation Inc's revenue in 2023?
In the 202306 filing period, Rowan University Foundation Inc reported total revenue of $48,338,446, total expenses of $18,801,322, and net assets of $391,588,315.
Is Rowan University Foundation Inc's revenue growing or declining?
Rowan University Foundation Inc's revenue is declining. Revenue went from $58,909,453 (202206) to $48,338,446 (202306), a -17.9% change. Based on 13 filings on record.
What is Rowan University Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Rowan University Foundation Inc covers tax period 202306. It shows revenue of $48,338,446, expenses of $18,801,322, total assets of $391,588,315, and liabilities of $1,163,414.
How much does Rowan University Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, Rowan University Foundation Inc allocates approximately 90% of expenses to program services, 5% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Rowan University Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Rowan University Foundation Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are Rowan University Foundation Inc's strengths?
Positive indicators for Rowan University Foundation Inc include: Significant asset growth from $190,066,563 in 2016 to $391,588,315 in 2023, demonstrating strong financial management and donor confidence.. Consistent high percentage of expenses dedicated to programs, indicating a strong focus on its mission.. Healthy revenue streams, with total revenue of $48,338,446 in 2023.. Low lobbying expenses (0%) across all reported years, suggesting a focus on direct mission-related activities rather than political influence.. These findings are derived from AI analysis of the organization's financial filings.
How does Rowan University Foundation Inc compensate executives?
Executive compensation appears reasonable given the organization's size and asset base, with total expenses of $18,801,322 in 2023, which includes salaries and other operational costs. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How has the foundation managed to nearly double its assets from $190 million to $391 million over seven years, and what specific investment strategies or fundraising initiatives contributed most to this growth?
The consistent growth in assets suggests effective investment management and successful fundraising campaigns. While specific strategies are not detailed in the provided data, the sustained increase in assets, even during periods of varying revenue, points to a robust financial strategy beyond just annual donations.
Given the substantial increase in assets and revenue, what measures are in place to ensure that the foundation's operational expenses, particularly administrative and fundraising costs, remain efficient and do not disproportionately grow relative to program spending?
The spending breakdown shows a consistent allocation of approximately 90% to programs, 5% to administration, and 5% to fundraising. This indicates a strong commitment to keeping overhead low relative to direct mission impact, even as the organization scales. The total expenses of $18,801,322 in 2023, when compared to the asset base and revenue, suggest a disciplined approach to cost management.
Filing History
IRS 990 filing history for Rowan University Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Rowan University Foundation Inc's revenue has grown by 522.6%, moving from $7.8M to $48.3M. Total assets increased by 151.3% over the same period, from $155.8M to $391.6M. Total functional expenses rose by 95.8%, from $9.6M to $18.8M. In its most recent filing year (2023), Rowan University Foundation Inc reported a surplus of $29.5M, with revenue exceeding expenses. The organization holds $1.2M in liabilities against $391.6M in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $390.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $48.3M | $18.8M | $391.6M | $1.2M | — | — |
| 2022 | $58.9M | $17.4M | $350.2M | $857K | — | View 990 |
| 2021 | $39.2M | $15.1M | $339.8M | $1.0M | — | — |
| 2020 | $27.9M | $14.1M | $240.8M | $2.7M | — | View 990 |
| 2019 | $22.1M | $14.5M | $237.6M | $499K | — | View 990 |
| 2018 | $30.7M | $14.7M | $230.4M | $2.8M | — | View 990 |
| 2017 | $24.5M | $12.9M | $209.6M | $2.1M | — | View 990 |
| 2016 | $21.3M | $15.2M | $190.1M | $4.1M | — | View 990 |
| 2015 | $9.8M | $10.7M | $191.4M | $3.2M | — | View 990 |
| 2014 | $25.3M | $10.6M | $191.3M | $2.0M | — | View 990 |
| 2013 | $5.7M | $10.2M | $166.7M | $2.3M | — | View 990 |
| 2012 | $7.0M | $8.1M | $150.3M | $1.9M | — | View 990 |
| 2011 | $7.8M | $9.6M | $155.8M | $1.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $48.3M, expenses of $18.8M, and assets of $391.6M (revenue -17.9% year-over-year).
- 2022: Revenue of $58.9M, expenses of $17.4M, and assets of $350.2M (revenue +50.2% year-over-year).
- 2021: Revenue of $39.2M, expenses of $15.1M, and assets of $339.8M (revenue +40.4% year-over-year).
- 2020: Revenue of $27.9M, expenses of $14.1M, and assets of $240.8M (revenue +26.4% year-over-year).
- 2019: Revenue of $22.1M, expenses of $14.5M, and assets of $237.6M (revenue -28.0% year-over-year).
- 2018: Revenue of $30.7M, expenses of $14.7M, and assets of $230.4M (revenue +25.5% year-over-year).
- 2017: Revenue of $24.5M, expenses of $12.9M, and assets of $209.6M (revenue +14.9% year-over-year).
- 2016: Revenue of $21.3M, expenses of $15.2M, and assets of $190.1M (revenue +117.7% year-over-year).
- 2015: Revenue of $9.8M, expenses of $10.7M, and assets of $191.4M (revenue -61.4% year-over-year).
- 2014: Revenue of $25.3M, expenses of $10.6M, and assets of $191.3M (revenue +341.6% year-over-year).
- 2013: Revenue of $5.7M, expenses of $10.2M, and assets of $166.7M (revenue -17.6% year-over-year).
- 2012: Revenue of $7.0M, expenses of $8.1M, and assets of $150.3M (revenue -10.3% year-over-year).
- 2011: Revenue of $7.8M, expenses of $9.6M, and assets of $155.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rowan University Foundation Inc:
Data Sources and Methodology
This transparency report for Rowan University Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.