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Employer Identification Number 23-1352630

DREXEL UNIVERSITY is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:DREXEL UNIVERSITY
Employer identification number (EIN):23-1352630
EIN Issuing AuthorityBrookhaven, NY
NAIC Classification:611000
401k Pension/Benefits registration DREXEL UNIVERSITY 401k plan information
Federal tax statusExempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code
State of IncorporationiPennsylvania, PA

Organization Overview

Mission StatementINTEGRATED ACADEMIC OFFERINGS ENHANCED BY TECHNOLOGY, COOPERATIVE EDUCATION AND CLINICAL PRACTICE
Number of Employees13003
Number of Volunteers2019
Year Formed1894

Organization Governance

Legal DomicilePA
Voting Members - Governing Body54
Voting Members - Independent50

Organization Financials

2023-06-30
Total unrelated business incomeUSD $ 2,587,362
Net unrelated business incomeUSD $ 1,516,181
Program Service Revenue from prior yearUSD $ 1,068,088,534
Program Service Revenue from current yearUSD $ 1,075,763,484
Investment Income from prior yearUSD $ 55,168,114
Investment Income from current yearUSD $ 94,039,801
Other Revenue from prior yearUSD $ 20,346,728
Other Revenue from current yearUSD $ 11,239,284
Gross receipts from all sourcesUSD $ 1,484,602,798
Net assets / fund balances at end of fiscal yearUSD $ 1,321,599,147
Net assets / fund balances at beginning of fiscal yearUSD $ 1,274,974,662
Total liabilities at end of fiscal yearUSD $ 1,520,809,775
Total liabilities at beginning of fiscal yearUSD $ 1,144,608,526
Total assets at end of fiscal yearUSD $ 2,842,408,922
Total assets at beginning of fiscal yearUSD $ 2,419,583,188
Revenues less expenses for current yearUSD $ 7,247,076
Revenues less expenses for previous yearUSD $ 23,452,620
Total expenses for current yearUSD $ 1,405,662,980
Total expenses for previous yearUSD $ 1,329,025,773
Other expenses in current yearUSD $ 380,751,734
Other expenses in previous yearUSD $ 344,294,129
Total fundraising expenses in current yearUSD $ 17,673,541
Professional fundraising fees from current yearUSD $ 471,282
Professional fundraising fees from previous yearUSD $ 58,046
Employee salary and benefits paid in current yearUSD $ 581,073,081
Employee salary and benefits paid in previous yearUSD $ 540,039,066
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 443,366,883
Grants and similar amounts paid in previous yearUSD $ 444,634,532
Total revenue in current fiscal yearUSD $ 1,412,910,056
Total revenue in previous fiscal yearUSD $ 1,352,478,393
Contributions and grants from current yearUSD $ 231,867,487
Contributions and grants from previous yearUSD $ 208,875,017
Gross income from fundraising eventsUSD $ 66,823
Total of other revenueUSD $ 8,270,114
2022-06-30
Total unrelated business incomeUSD $ 4,026,969
Net unrelated business incomeUSD $ 1,248,759
Program Service Revenue from prior yearUSD $ 1,003,411,076
Program Service Revenue from current yearUSD $ 1,068,088,534
Investment Income from prior yearUSD $ -18,988,049
Investment Income from current yearUSD $ 55,168,114
Other Revenue from prior yearUSD $ 16,226,419
Other Revenue from current yearUSD $ 20,346,728
Gross receipts from all sourcesUSD $ 1,414,200,497
Net assets / fund balances at end of fiscal yearUSD $ 1,274,974,662
Net assets / fund balances at beginning of fiscal yearUSD $ 1,339,652,170
Total liabilities at end of fiscal yearUSD $ 1,144,608,526
Total liabilities at beginning of fiscal yearUSD $ 1,080,628,984
Total assets at end of fiscal yearUSD $ 2,419,583,188
Total assets at beginning of fiscal yearUSD $ 2,420,281,154
Revenues less expenses for current yearUSD $ 23,452,620
Revenues less expenses for previous yearUSD $ -8,245,727
Total expenses for current yearUSD $ 1,329,025,773
Total expenses for previous yearUSD $ 1,249,941,935
Other expenses in current yearUSD $ 344,294,129
Other expenses in previous yearUSD $ 329,745,303
Total fundraising expenses in current yearUSD $ 16,832,760
Professional fundraising fees from current yearUSD $ 58,046
Professional fundraising fees from previous yearUSD $ 201,245
Employee salary and benefits paid in current yearUSD $ 540,039,066
Employee salary and benefits paid in previous yearUSD $ 494,578,091
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 444,634,532
Grants and similar amounts paid in previous yearUSD $ 425,417,296
Total revenue in current fiscal yearUSD $ 1,352,478,393
Total revenue in previous fiscal yearUSD $ 1,241,696,208
Contributions and grants from current yearUSD $ 208,875,017
Contributions and grants from previous yearUSD $ 241,046,762
Gross income from fundraising eventsUSD $ 56,610
Total of other revenueUSD $ 15,292,684
2021-06-30
Total unrelated business incomeUSD $ 1,929,717
Net unrelated business incomeUSD $ 930,966
Program Service Revenue from prior yearUSD $ 1,071,393,808
Program Service Revenue from current yearUSD $ 1,003,411,076
Investment Income from prior yearUSD $ 55,221,476
Investment Income from current yearUSD $ -18,988,049
Other Revenue from prior yearUSD $ 19,279,571
Other Revenue from current yearUSD $ 16,226,419
Gross receipts from all sourcesUSD $ 1,370,663,273
Net assets / fund balances at end of fiscal yearUSD $ 1,339,652,170
Net assets / fund balances at beginning of fiscal yearUSD $ 1,184,534,101
Total liabilities at end of fiscal yearUSD $ 1,080,628,984
Total liabilities at beginning of fiscal yearUSD $ 1,076,781,151
Total assets at end of fiscal yearUSD $ 2,420,281,154
Total assets at beginning of fiscal yearUSD $ 2,261,315,252
Revenues less expenses for current yearUSD $ -8,245,727
Revenues less expenses for previous yearUSD $ 5,020,063
Total expenses for current yearUSD $ 1,249,941,935
Total expenses for previous yearUSD $ 1,324,502,480
Other expenses in current yearUSD $ 329,745,303
Other expenses in previous yearUSD $ 328,029,147
Total fundraising expenses in current yearUSD $ 14,629,537
Professional fundraising fees from current yearUSD $ 201,245
Professional fundraising fees from previous yearUSD $ 197,566
Employee salary and benefits paid in current yearUSD $ 494,578,091
Employee salary and benefits paid in previous yearUSD $ 572,513,195
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 425,417,296
Grants and similar amounts paid in previous yearUSD $ 423,762,572
Total revenue in current fiscal yearUSD $ 1,241,696,208
Total revenue in previous fiscal yearUSD $ 1,329,522,543
Contributions and grants from current yearUSD $ 241,046,762
Contributions and grants from previous yearUSD $ 183,627,688
Gross income from fundraising eventsUSD $ 37,720
Total of other revenueUSD $ 12,051,572
2020-06-30
Total unrelated business incomeUSD $ 2,986,151
Net unrelated business incomeUSD $ 999,916
Program Service Revenue from prior yearUSD $ 1,120,624,186
Program Service Revenue from current yearUSD $ 1,071,393,808
Investment Income from prior yearUSD $ 23,946,893
Investment Income from current yearUSD $ 55,221,476
Other Revenue from prior yearUSD $ 27,313,939
Other Revenue from current yearUSD $ 19,279,571
Gross receipts from all sourcesUSD $ 1,459,517,679
Net assets / fund balances at end of fiscal yearUSD $ 1,184,534,101
Net assets / fund balances at beginning of fiscal yearUSD $ 1,193,280,670
Total liabilities at end of fiscal yearUSD $ 1,076,781,151
Total liabilities at beginning of fiscal yearUSD $ 831,642,005
Total assets at end of fiscal yearUSD $ 2,261,315,252
Total assets at beginning of fiscal yearUSD $ 2,024,922,675
Revenues less expenses for current yearUSD $ 5,020,063
Revenues less expenses for previous yearUSD $ -79,999,038
Total expenses for current yearUSD $ 1,324,502,480
Total expenses for previous yearUSD $ 1,430,888,337
Other expenses in current yearUSD $ 328,029,147
Other expenses in previous yearUSD $ 397,563,068
Total fundraising expenses in current yearUSD $ 15,207,095
Professional fundraising fees from current yearUSD $ 197,566
Professional fundraising fees from previous yearUSD $ 243,798
Employee salary and benefits paid in current yearUSD $ 572,513,195
Employee salary and benefits paid in previous yearUSD $ 619,086,394
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 423,762,572
Grants and similar amounts paid in previous yearUSD $ 413,995,077
Total revenue in current fiscal yearUSD $ 1,329,522,543
Total revenue in previous fiscal yearUSD $ 1,350,889,299
Contributions and grants from current yearUSD $ 183,627,688
Contributions and grants from previous yearUSD $ 179,004,281
Gross income from fundraising eventsUSD $ 59,364
Total of other revenueUSD $ 15,990,430
2019-06-30
Total unrelated business incomeUSD $ 4,089,841
Net unrelated business incomeUSD $ 1,854,366
Program Service Revenue from prior yearUSD $ 1,115,397,509
Program Service Revenue from current yearUSD $ 1,120,624,186
Investment Income from prior yearUSD $ 46,503,927
Investment Income from current yearUSD $ 23,946,893
Other Revenue from prior yearUSD $ 22,806,673
Other Revenue from current yearUSD $ 27,313,939
Gross receipts from all sourcesUSD $ 1,450,786,585
Net assets / fund balances at end of fiscal yearUSD $ 1,193,280,670
Net assets / fund balances at beginning of fiscal yearUSD $ 1,246,177,376
Total liabilities at end of fiscal yearUSD $ 831,642,005
Total liabilities at beginning of fiscal yearUSD $ 795,806,444
Total assets at end of fiscal yearUSD $ 2,024,922,675
Total assets at beginning of fiscal yearUSD $ 2,041,983,820
Revenues less expenses for current yearUSD $ -79,999,038
Revenues less expenses for previous yearUSD $ 37,535,455
Total expenses for current yearUSD $ 1,430,888,337
Total expenses for previous yearUSD $ 1,338,464,315
Other expenses in current yearUSD $ 397,563,068
Other expenses in previous yearUSD $ 366,671,399
Total fundraising expenses in current yearUSD $ 15,852,643
Professional fundraising fees from current yearUSD $ 243,798
Professional fundraising fees from previous yearUSD $ 227,845
Employee salary and benefits paid in current yearUSD $ 619,086,394
Employee salary and benefits paid in previous yearUSD $ 589,831,461
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 413,995,077
Grants and similar amounts paid in previous yearUSD $ 381,733,610
Total revenue in current fiscal yearUSD $ 1,350,889,299
Total revenue in previous fiscal yearUSD $ 1,375,999,770
Contributions and grants from current yearUSD $ 179,004,281
Contributions and grants from previous yearUSD $ 191,291,661
Gross income from fundraising eventsUSD $ 176,411
Total of other revenueUSD $ 23,841,159
2018-06-30
Total unrelated business incomeUSD $ 6,054,594
Net unrelated business incomeUSD $ 3,460,327
Program Service Revenue from prior yearUSD $ 1,064,103,544
Program Service Revenue from current yearUSD $ 1,115,397,509
Investment Income from prior yearUSD $ 100,968,113
Investment Income from current yearUSD $ 46,503,927
Other Revenue from prior yearUSD $ 25,786,630
Other Revenue from current yearUSD $ 22,806,673
Gross receipts from all sourcesUSD $ 1,501,413,560
Net assets / fund balances at end of fiscal yearUSD $ 1,246,177,376
Net assets / fund balances at beginning of fiscal yearUSD $ 1,162,901,513
Total liabilities at end of fiscal yearUSD $ 795,806,444
Total liabilities at beginning of fiscal yearUSD $ 801,674,124
Total assets at end of fiscal yearUSD $ 2,041,983,820
Total assets at beginning of fiscal yearUSD $ 1,964,575,637
Revenues less expenses for current yearUSD $ 37,535,455
Revenues less expenses for previous yearUSD $ 41,793,986
Total expenses for current yearUSD $ 1,338,464,315
Total expenses for previous yearUSD $ 1,296,287,756
Other expenses in current yearUSD $ 366,671,399
Other expenses in previous yearUSD $ 349,841,962
Total fundraising expenses in current yearUSD $ 15,176,509
Professional fundraising fees from current yearUSD $ 227,845
Professional fundraising fees from previous yearUSD $ 246,875
Employee salary and benefits paid in current yearUSD $ 589,831,461
Employee salary and benefits paid in previous yearUSD $ 608,108,645
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 381,733,610
Grants and similar amounts paid in previous yearUSD $ 338,090,274
Total revenue in current fiscal yearUSD $ 1,375,999,770
Total revenue in previous fiscal yearUSD $ 1,338,081,742
Contributions and grants from current yearUSD $ 191,291,661
Contributions and grants from previous yearUSD $ 147,223,455
Gross income from fundraising eventsUSD $ 282,284
Total of other revenueUSD $ 19,609,769
2017-06-30
Total unrelated business incomeUSD $ 7,577,177
Net unrelated business incomeUSD $ 3,375,232
Program Service Revenue from prior yearUSD $ 1,086,337,623
Program Service Revenue from current yearUSD $ 1,064,103,544
Investment Income from prior yearUSD $ 2,950,566
Investment Income from current yearUSD $ 100,968,113
Other Revenue from prior yearUSD $ 27,489,353
Other Revenue from current yearUSD $ 25,786,630
Gross receipts from all sourcesUSD $ 1,492,675,772
Net assets / fund balances at end of fiscal yearUSD $ 1,162,901,513
Net assets / fund balances at beginning of fiscal yearUSD $ 1,137,044,181
Total liabilities at end of fiscal yearUSD $ 801,674,124
Total liabilities at beginning of fiscal yearUSD $ 849,689,263
Total assets at end of fiscal yearUSD $ 1,964,575,637
Total assets at beginning of fiscal yearUSD $ 1,986,733,444
Revenues less expenses for current yearUSD $ 41,793,986
Revenues less expenses for previous yearUSD $ 24,524,673
Total expenses for current yearUSD $ 1,296,287,756
Total expenses for previous yearUSD $ 1,272,631,113
Other expenses in current yearUSD $ 349,841,962
Other expenses in previous yearUSD $ 320,597,181
Total fundraising expenses in current yearUSD $ 15,012,845
Professional fundraising fees from current yearUSD $ 246,875
Professional fundraising fees from previous yearUSD $ 250,152
Employee salary and benefits paid in current yearUSD $ 608,108,645
Employee salary and benefits paid in previous yearUSD $ 626,572,748
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 338,090,274
Grants and similar amounts paid in previous yearUSD $ 325,211,032
Total revenue in current fiscal yearUSD $ 1,338,081,742
Total revenue in previous fiscal yearUSD $ 1,297,155,786
Contributions and grants from current yearUSD $ 147,223,455
Contributions and grants from previous yearUSD $ 180,378,244
Gross income from fundraising eventsUSD $ 315,768
Total of other revenueUSD $ 23,663,352
2016-06-30
Total unrelated business incomeUSD $ 6,476,481
Net unrelated business incomeUSD $ 2,446,445
Program Service Revenue from prior yearUSD $ 1,050,285,256
Program Service Revenue from current yearUSD $ 1,086,337,623
Investment Income from prior yearUSD $ 28,667,487
Investment Income from current yearUSD $ 2,950,566
Other Revenue from prior yearUSD $ 24,520,026
Other Revenue from current yearUSD $ 27,489,353
Gross receipts from all sourcesUSD $ 1,356,405,948
Net assets / fund balances at end of fiscal yearUSD $ 1,137,044,181
Net assets / fund balances at beginning of fiscal yearUSD $ 1,115,693,661
Total liabilities at end of fiscal yearUSD $ 849,689,263
Total liabilities at beginning of fiscal yearUSD $ 827,926,902
Total assets at end of fiscal yearUSD $ 1,986,733,444
Total assets at beginning of fiscal yearUSD $ 1,943,620,563
Revenues less expenses for current yearUSD $ 24,524,673
Revenues less expenses for previous yearUSD $ 71,530,262
Total expenses for current yearUSD $ 1,272,631,113
Total expenses for previous yearUSD $ 1,199,306,204
Other expenses in current yearUSD $ 320,597,181
Other expenses in previous yearUSD $ 309,535,474
Total fundraising expenses in current yearUSD $ 15,202,917
Professional fundraising fees from current yearUSD $ 250,152
Professional fundraising fees from previous yearUSD $ 187,686
Employee salary and benefits paid in current yearUSD $ 626,572,748
Employee salary and benefits paid in previous yearUSD $ 604,125,531
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 325,211,032
Grants and similar amounts paid in previous yearUSD $ 285,457,513
Total revenue in current fiscal yearUSD $ 1,297,155,786
Total revenue in previous fiscal yearUSD $ 1,270,836,466
Contributions and grants from current yearUSD $ 180,378,244
Contributions and grants from previous yearUSD $ 167,363,697
Gross income from fundraising eventsUSD $ 212,924
Total of other revenueUSD $ 25,022,817
2015-06-30
Total unrelated business incomeUSD $ 5,969,957
Net unrelated business incomeUSD $ 2,311,843
Program Service Revenue from prior yearUSD $ 803,242,706
Program Service Revenue from current yearUSD $ 1,050,285,256
Investment Income from prior yearUSD $ 75,991,061
Investment Income from current yearUSD $ 28,667,487
Other Revenue from prior yearUSD $ 12,842,342
Other Revenue from current yearUSD $ 24,520,026
Gross receipts from all sourcesUSD $ 1,817,290,476
Net assets / fund balances at end of fiscal yearUSD $ 1,115,693,661
Net assets / fund balances at beginning of fiscal yearUSD $ 804,910,189
Total liabilities at end of fiscal yearUSD $ 827,926,902
Total liabilities at beginning of fiscal yearUSD $ 728,415,365
Total assets at end of fiscal yearUSD $ 1,943,620,563
Total assets at beginning of fiscal yearUSD $ 1,533,325,554
Revenues less expenses for current yearUSD $ 71,530,262
Revenues less expenses for previous yearUSD $ 74,942,691
Total expenses for current yearUSD $ 1,199,306,204
Total expenses for previous yearUSD $ 931,317,968
Other expenses in current yearUSD $ 309,535,474
Other expenses in previous yearUSD $ 273,390,438
Total fundraising expenses in current yearUSD $ 14,779,011
Professional fundraising fees from current yearUSD $ 187,686
Professional fundraising fees from previous yearUSD $ 148,057
Employee salary and benefits paid in current yearUSD $ 604,125,531
Employee salary and benefits paid in previous yearUSD $ 412,967,814
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 285,457,513
Grants and similar amounts paid in previous yearUSD $ 244,811,659
Total revenue in current fiscal yearUSD $ 1,270,836,466
Total revenue in previous fiscal yearUSD $ 1,006,260,659
Contributions and grants from current yearUSD $ 167,363,697
Contributions and grants from previous yearUSD $ 114,184,550
Gross income from fundraising eventsUSD $ 235,452
Total of other revenueUSD $ 24,122,303

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 231352630

USA Mailing Address
3141 CHESTNUT STREET
PHILADELPHIA
PA
19104
Date first seen: 2007-01-01
Date last seen: 2024-06-30
USA Mailing Address
3201 ARCH STREET NO 420
PHILADELPHIA
PA
191042875
Date first seen: 2010-07-01
Date last seen: 2024-05-15

The following addresses have been found in other jurisdictions:

Jurisdiction:Washington Department of State
Address:
C T CORPORATION SYSTEM
711 CAPITOL WAY S STE 204
OLYMPIA
WA
985011267
Jurisdiction Company ID:603415220
Jurisdiction Registration Date:2014-07-01

EIN Events

Event Date Event description
2012-06-30Form 990-N declaration of Gross Receipts Under $25,000 in tax year 2011

Nearby companies/organizations

The following companies are located in the same ZIP code areas:

EIN Change Events for DREXEL UNIVERSITY

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