Saint Elizabeth University
Saint Elizabeth University: Stable Finances Amidst Revenue Fluctuations
EIN: 221529785 · Morristown, NJ · NTEE: B420 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $58.0M |
| Total Expenses | $43.6M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $350,000 |
| Net Assets | $40.6M |
| Transparency Score | 75/100 |
Is Saint Elizabeth University Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Saint Elizabeth University directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Saint Elizabeth University
Saint Elizabeth University (EIN: 221529785) is a nonprofit organization based in Morristown, NJ, classified under NTEE code B420. The organization reported total revenue of $58.0M and total assets of $67.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Saint Elizabeth University's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Saint Elizabeth University is a major nonprofit that has been operating for 80 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $40.6M |
| Total Expenses | $43.6M |
| Surplus / Deficit | $-2,952,698 |
| Total Assets | $68.9M |
| Total Liabilities | $28.3M |
| Net Assets | $40.6M |
| Operating Margin | -7.3% |
| Debt-to-Asset Ratio | 41.0% |
| Months of Reserves | 19.0 months |
Financial Health Grade: B
In 2023, Saint Elizabeth University reported a deficit of $3.0M with expenses exceeding revenue, holds 19.0 months of operating reserves (strong position), has a debt-to-asset ratio of 41.0% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Saint Elizabeth University's revenue has grown at a compound annual growth rate (CAGR) of 0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.7% | -1.0% | -4.2% |
| 2022 | +8.6% | +13.5% | -2.6% |
| 2021 | +4.1% | -3.4% | +6.0% |
| 2020 | +7.4% | +2.6% | +1.2% |
| 2019 | -19.6% | +3.7% | +0.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 1946 |
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 Saint Elizabeth University with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Saint Elizabeth University allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 deficit of $3.0M, with expenses exceeding revenue.
- Debt-to-asset ratio: 41.0%.
Executive Compensation Analysis
Executive compensation appears reasonable given the organization's size and revenue, with the highest reported compensation in 2022 being $350,000 for the President.
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.
Red Flags
The following concerns were identified during AI analysis of Saint Elizabeth University's IRS 990 filings:
- Revenue has shown some fluctuation over the past few years, with a notable drop from $45,508,432 in 2022 to $40,619,565 in 2023.
- Expenses have at times exceeded revenue, as seen in 2017 ($35,743,805 revenue vs. $36,735,545 expenses) and 2016 ($34,276,124 revenue vs. $34,506,324 expenses).
Strengths
The following positive indicators were identified for Saint Elizabeth University:
- Total assets have remained relatively stable over the past several years, indicating sound financial management.
- The organization consistently reports a 0% lobbying expense, suggesting a focus on its core mission.
- Net assets have shown consistent growth, from $23,939,534 in 2016 to $28,266,338 in 2023, demonstrating financial health.
Frequently Asked Questions about Saint Elizabeth University
Is Saint Elizabeth University a legitimate charity?
Based on AI analysis of IRS 990 filings, Saint Elizabeth University (EIN: 221529785) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Saint Elizabeth University spend its money?
Saint Elizabeth University directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Saint Elizabeth University tax-deductible?
Saint Elizabeth University is registered as a tax-exempt nonprofit (EIN: 221529785). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Saint Elizabeth University CEO make?
Saint Elizabeth University's highest-compensated officer earns $350,000 annually. The organization reported $58.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Saint Elizabeth University's spending goes to programs?
Saint Elizabeth University directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Saint Elizabeth University compare to similar nonprofits?
With a transparency score of 75/100 (Good), Saint Elizabeth University is above average for NTEE category B420 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Saint Elizabeth University located?
Saint Elizabeth University is headquartered in Morristown, New Jersey and files with the IRS under EIN 221529785. It is classified under NTEE code B420.
How many years of IRS 990 filings does Saint Elizabeth University have?
Saint Elizabeth University 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 $58.0M in total revenue.
What does Saint Elizabeth University do?
Saint Elizabeth University is a nonprofit organization in the Education sector, located in Morristown, New Jersey. It is classified under NTEE code B420.
How much revenue does Saint Elizabeth University have?
Saint Elizabeth University reported total revenue of $57,994,681. Based on 13 IRS 990 filings on record.
What are Saint Elizabeth University's total assets?
Saint Elizabeth University holds total assets of $67,257,639 as reported in IRS 990 filings.
Where is Saint Elizabeth University located?
Saint Elizabeth University is based in Morristown, New Jersey.
What is Saint Elizabeth University's EIN?
Saint Elizabeth University's Employer Identification Number (EIN) is 221529785. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Saint Elizabeth University?
Saint Elizabeth University is classified under NTEE code B420 (Education).
Is Saint Elizabeth University a registered 501(c)(3)?
Yes, Saint Elizabeth University is recognized as a tax-exempt organization by the IRS. EIN: 221529785.
Does Saint Elizabeth University file IRS Form 990?
Yes, Saint Elizabeth University has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Saint Elizabeth University's revenue in 2023?
In the 202306 filing period, Saint Elizabeth University reported total revenue of $40,619,565, total expenses of $43,572,263, and net assets of $68,915,503.
Is Saint Elizabeth University's revenue growing or declining?
Saint Elizabeth University's revenue is declining. Revenue went from $45,508,432 (202206) to $40,619,565 (202306), a -10.7% change. Based on 13 filings on record.
What is Saint Elizabeth University's most recent 990 filing?
The most recent IRS Form 990 filing for Saint Elizabeth University covers tax period 202306. It shows revenue of $40,619,565, expenses of $43,572,263, total assets of $68,915,503, and liabilities of $28,266,338.
How much does Saint Elizabeth University spend on programs vs administration?
Based on IRS 990 analysis, Saint Elizabeth University allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Saint Elizabeth University a trustworthy charity?
Based on AI analysis of IRS 990 data, Saint Elizabeth University appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Saint Elizabeth University?
The following concerns were identified: Revenue has shown some fluctuation over the past few years, with a notable drop from $45,508,432 in 2022 to $40,619,565 in 2023.. Expenses have at times exceeded revenue, as seen in 2017 ($35,743,805 revenue vs. $36,735,545 expenses) and 2016 ($34,276,124 revenue vs. $34,506,324 expenses).. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Saint Elizabeth University's strengths?
Positive indicators for Saint Elizabeth University include: Total assets have remained relatively stable over the past several years, indicating sound financial management.. The organization consistently reports a 0% lobbying expense, suggesting a focus on its core mission.. Net assets have shown consistent growth, from $23,939,534 in 2016 to $28,266,338 in 2023, demonstrating financial health.. These findings are derived from AI analysis of the organization's financial filings.
How does Saint Elizabeth University compensate executives?
Executive compensation appears reasonable given the organization's size and revenue, with the highest reported compensation in 2022 being $350,000 for the President. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What factors contributed to the significant decrease in revenue from 2022 to 2023, and what strategies are in place to address this trend?
While the provided data shows a revenue drop from $45,508,432 in 2022 to $40,619,565 in 2023, the specific reasons are not detailed in the given financial snapshot. Further investigation into enrollment trends, tuition changes, or grant funding would be necessary to understand the contributing factors and the university's response.
How does the university manage its liabilities in relation to its assets, particularly given the slight increase in liabilities in 2023?
The university's liabilities have shown some fluctuation, increasing from $29,756,641 in 2022 to $28,266,338 in 2023. While assets have also remained robust, a detailed analysis of the composition of these liabilities (e.g., long-term debt vs. short-term obligations) would provide a clearer picture of their management strategy and potential impact on financial flexibility.
Filing History
IRS 990 filing history for Saint Elizabeth University showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Saint Elizabeth University's revenue has grown by 5.6%, moving from $38.5M to $40.6M. Total assets increased by 3.2% over the same period, from $66.8M to $68.9M. Total functional expenses rose by 8%, from $40.4M to $43.6M. In its most recent filing year (2023), Saint Elizabeth University reported a deficit of $3.0M, with expenses exceeding revenue. The organization holds $28.3M in liabilities against $68.9M in assets (debt-to-asset ratio: 41.0%), resulting in net assets of $40.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $40.6M | $43.6M | $68.9M | $28.3M | — | — |
| 2022 | $45.5M | $44.0M | $71.9M | $29.8M | — | View 990 |
| 2021 | $41.9M | $38.8M | $73.9M | $28.8M | — | View 990 |
| 2020 | $40.3M | $40.1M | $69.7M | $31.4M | — | View 990 |
| 2019 | $37.5M | $39.1M | $68.8M | $31.2M | — | View 990 |
| 2018 | $46.6M | $37.7M | $68.8M | $31.0M | — | View 990 |
| 2017 | $35.7M | $36.7M | $68.7M | $30.1M | — | View 990 |
| 2016 | $34.3M | $34.5M | $61.5M | $23.9M | — | View 990 |
| 2015 | $39.0M | $37.0M | $62.0M | $24.3M | — | View 990 |
| 2014 | $37.2M | $38.8M | $60.9M | $24.8M | — | View 990 |
| 2013 | $39.5M | $41.2M | $62.4M | $26.5M | — | View 990 |
| 2012 | $39.3M | $41.5M | $64.1M | $27.3M | — | View 990 |
| 2011 | $38.5M | $40.4M | $66.8M | $27.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $40.6M, expenses of $43.6M, and assets of $68.9M (revenue -10.7% year-over-year).
- 2022: Revenue of $45.5M, expenses of $44.0M, and assets of $71.9M (revenue +8.6% year-over-year).
- 2021: Revenue of $41.9M, expenses of $38.8M, and assets of $73.9M (revenue +4.1% year-over-year).
- 2020: Revenue of $40.3M, expenses of $40.1M, and assets of $69.7M (revenue +7.4% year-over-year).
- 2019: Revenue of $37.5M, expenses of $39.1M, and assets of $68.8M (revenue -19.6% year-over-year).
- 2018: Revenue of $46.6M, expenses of $37.7M, and assets of $68.8M (revenue +30.5% year-over-year).
- 2017: Revenue of $35.7M, expenses of $36.7M, and assets of $68.7M (revenue +4.3% year-over-year).
- 2016: Revenue of $34.3M, expenses of $34.5M, and assets of $61.5M (revenue -12.0% year-over-year).
- 2015: Revenue of $39.0M, expenses of $37.0M, and assets of $62.0M (revenue +4.8% year-over-year).
- 2014: Revenue of $37.2M, expenses of $38.8M, and assets of $60.9M (revenue -5.8% year-over-year).
- 2013: Revenue of $39.5M, expenses of $41.2M, and assets of $62.4M (revenue +0.4% year-over-year).
- 2012: Revenue of $39.3M, expenses of $41.5M, and assets of $64.1M (revenue +2.2% year-over-year).
- 2011: Revenue of $38.5M, expenses of $40.4M, and assets of $66.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Saint Elizabeth University:
Data Sources and Methodology
This transparency report for Saint Elizabeth University 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.