EIN 23-1352630

Drexel University

IRS 501(c) type
501(c)(3)
Num. employees
11,635
Year formed
1894
Most recent tax filings
2022-06-01
Description
Drexel University fulfills their founder's vision of preparing each new generation of students for productive professional and civic lives while also focusing their collective expertise on solving society's greatest problems.
Total revenues
$1,352,478,393
2022
Total expenses
$1,329,025,773
2022
Total assets
$2,419,583,188
2022
Num. employees
11,635
2022

Program areas at Drexel University

Instructiondrexel is a comprehensive national research University dedicated to providing quality undergraduate, graduate and professional education featuring excellent academics, state-of-the-art technology and a focus on real-world learning and service. The University is classified as an r1 research University in the carnegie classification of institutions of higher education - a rank that denotes the highest level of research activity, held by just 37 private universities around the country. The University disclosed 55 total new inventions and received 31 new united states patents in fiscal year 2022.the University's mission serves traditional, adult and online students. Drexel offers nationally accredited programs that meet the changing needs of society, including more than 80 bachelor's degree programs and more than 120 graduate and professional degree programs organized in 15 colleges and schools: college of arts and sciences; school of biomedical engineering, science and health systems; bennett s. lebow college of business; college of computing & informatics; school of education; college of engineering; charles d. close school of entrepreneurship; graduate college; pennoni honors college; thomas r. kline school of law; antoinette westphal college of media arts & design; college of medicine; college of nursing and health professions; richard c. goodwin college of professional studies and dana and david dornsife school of public health. Drexel's strategic efforts focus on investing further in academic excellence, serving more students while improving the student experience and enhancing the University's global impact. Over the last 25 years, Drexel has grown to become an economic engine for philadelphia, serving as one of the city's largest employers, generating millions of dollars in wage taxes, attracting external funding for research and key real estate development projects, investing in public schools, and supporting important community organizations.drexel's academic enterprise helps strengthen the neighborhoods around its campuses. Drexel is the lead academic partner in the application and implementation process for the federal promise zone in west philadelphia, one of the first five locations chosen for a white house initiative to direct resources to the nation's most persistently poverty-stricken communities. Drexel has fostered an environment of inclusion and has set inclusion as a strategic priority. Drexel recognizes and respects people of all backgrounds and experiences and welcomes all views and opinions. In november 2020, the center for black culture opened its doors. The center was established to increase knowledge, recognition and respect of the people, histories and cultures of the african diaspora and its many contributions to the world, and to serve as a hub of information and activity. Most recently, Drexel's dornsife school of public health announced the launch of the ubuntu center on racism, global movements and population health equity to unite diverse partners, generate and translate evidence, accelerate antiracism solutions, and transform the health of communities locally, nationally and globally. As the united states transitions to an information economy and has dealt with unprecedented challenges brought on by the covid-19 pandemic, many jobs require the critical thinking and innovative problem-solving skills instilled at Drexel. For 100 years, Drexel has equipped students for the real world through our renowned cooperative education program. The University established the Drexel solutions institute that has become the new gateway for industry partnerships - connecting Drexel's 1,600 co-op employers, as well as other businesses and nonprofits, and linking them to Drexel student talent, faculty expertise and world-class resources. Drexel has made a strategic commitment to help improve the nation's global competitiveness by increasing students' international engagement to build cultural competencies. In recent years, the University has grown the number of study abroad opportunities by more than a quarter and the number of global positions in Drexel's signature cooperative education program by a third. Drexel's office of global engagement works to address the greatest challenges today - such as urban sustainability, energy, water conservation, and public health - by building an ecosystem of global partnerships and programs that focus on facilitating productive, mutually beneficial opportunities.undergraduate enrollment for academic year 2021-2022 = 14,367graduate and professional enrollment for academic year 2021-2022 = 8,850 number of degrees conferred in academic year 2021-2022: associate degrees = 0 bachelor's degrees = 3,441 master's degrees = 2,194 doctoral degrees = 729 certificates and other = 467
Patient care/public serviceit is the college's patient care mission to serve the community through the delivery of high-quality, cost-effective health care services, including programs of health promotion and disease prevention. All clinical services are provided with careful regard for the individual patient and their family. Drexel University's clinical practices provide exceptional care in general internal medicine, hiv/aids, student health, addiction medicine, and psychiatry.
Researchdrexel researchers work across disciplines to increase the world's store of knowledge and translate that new knowledge into solutions with tremendous positive impact on society. Typically, the University receives about $110 million per year in research expenditures. The University is committed to using its research and technological expertise to become an even more powerful economic engine for greater philadelphia, helping to create new high-tech businesses and jobs. Drexel is creating an ecosystem of innovation in and around University city, while delivering on its public purpose as an anchor institution for philadelphia. This ecosystem will ultimately benefit students, through co-ops and career opportunities; faculty, through collaborative research and training; and the surrounding community, through the creation of pipelines to employment.this commitment is at the heart of schuylkill yards, a $3.5 billion mixed-use project with development partner brandywine realty trust on University real estate adjacent to philadelphia's amtrak 30th street station. In partnership with wexford science and technology, Drexel is also extending ucity square, a multi-billion-dollar development, through a facility that houses k-8 public schools and an academic building that will relocate the college of medicine and college of nursing and health professions to the University city campus.most recently, spark therapeutics announced plans to invest $575 million in the creation of a new, state-of-the-art gene therapy innovation center on Drexel's campus. And through a partnership with gattuso development partners, the campus will also boast what is expected to become the city's largest life sciences research and laboratory building.during fy22, Drexel University conducted research on the following research grants:federally sponsored research - 904 grantsstate of Pennsylvania sponsored research - 104 grantscity of philadelphia contracts 23 grantsprivate foundation sponsored research - 275 grantsindustry sponsored research - 95 grants

Grants made by Drexel University

GranteeGrant descriptionAmount
Regents of the University of California at BerkeleyResearch$2,184,551
The Philadelphia School (TPS)Research$1,425,306
University of Pennsylvania (Penn)Research$1,180,377
...and 94 more grants made totalling $17,913,727

Who funds Drexel University

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Jeff and Jenifer Westphal FOUNDATIONGeneral$2,132,619
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$1,645,042
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$1,645,042
...and 302 more grants received totalling $29,212,689

Personnel at Drexel University

NameTitleCompensation
Helen Y BowmanExecutive Vice President , Treasurer and Chief Operating Officer$854,055
Catherine UlozasVice President , Chief Investment Officer$252,849
David RusenkoVice President Finance , Chief Financial Officer and Associate Treasurer$367,194
Thomas DechiaroVice President , Information Technology and Chief Information Officer$438,747
Brian T KeechSenior Vice President Government and Community Relati$393,571
...and 19 more key personnel

Financials for Drexel University

RevenuesFYE 06/2022
Total grants, contributions, etc.$208,875,017
Program services$1,068,088,534
Investment income and dividends$23,716,783
Tax-exempt bond proceeds$1,503
Royalty revenue$2,036,635
Net rental income$3,189,053
Net gain from sale of non-inventory assets$31,449,828
Net income from fundraising events$-171,644
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$15,292,684
Total revenues$1,352,478,393

Form 990s for Drexel University

Fiscal year endingDate received by IRSFormPDF link
2022-062023-05-15990View PDF
2021-062022-07-11990View PDF
2020-062021-05-26990View PDF
2019-062021-02-09990View PDF
2018-062019-06-19990View PDF
...and 8 more Form 990s

Organizations like Drexel University

OrganizationLocationRevenue
Dartmouth CollegeHanover, NH$1,952,191,796
Northeastern University (NU)Boston, MA$2,393,370,957
Baylor University (BU)Waco, TX$1,454,111,582
The Trustees of the Stevens Institute of Technology (SIT)Hoboken, NJ$505,884,074
Georgetown UniversityWashington, DC$1,988,566,479
Catholic University of America (CUA)Washington, DC$388,328,004
Brown UniversityProvidence, RI$1,790,921,493
Hofstra UniversityHempstead, NY$607,156,021
The George Washington University (GWU)Ashburn, VA$1,730,337,567
Duke UniversityDurham, NC$4,604,378,802
Data update history
May 18, 2024
Received grants
Identified 10 new grant, including a grant for $589,741 from United Way of Greater Philadelphia and Southern New Jersey
February 3, 2024
Received grants
Identified 98 new grant, including a grant for $2,132,619 from Jeff and Jenifer Westphal FOUNDATION
October 26, 2023
Received grants
Identified 41 new grant, including a grant for $513,372 from National League of Cities Institute
July 22, 2023
Received grants
Identified 270 new grant, including a grant for $1,364,500 from The Howley Foundation
July 12, 2023
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
SchoolsHigher ed institutionsHeadquarter / parent organizations
Issues
Education
Characteristics
Political advocacyLobbyingFundraising eventsOperates internationallyNational levelReceives government fundingEndowed supportCommunity engagement / volunteeringProvides scholarshipsFundraising races, competitions, and tournamentsTax deductible donations
General information
Address
3201 Arch St 400
Philadelphia, PA 19104
Metro area
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
County
Philadelphia County, PA
Website URL
drexel.edu/ 
Phone
(215) 895-2000
Facebook page
drexeluniv 
Twitter profile
@drexeluniv 
IRS details
EIN
23-1352630
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1894
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B43: University or Technological Institute
NAICS code, primary
611310: Colleges, Universities, and Professional Schools
Parent/child status
Central organization
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