EIN 23-1352630

Drexel University

IRS 501(c) type
501(c)(3)
Num. employees
12,049
Year formed
1894
Most recent tax filings
2023-06-01
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
$1,412,910,056
2023
Total expenses
$1,405,662,980
2023
Total assets
$2,842,408,922
2023
Num. employees
12,049
2023

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 58 new inventions and received 31 new united states patents in fiscal year 2023.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 100 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. 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 belonging 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 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. Drexel's dornsife school of public health launched in 2022, 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 its renowned cooperative education program. Expanding on this model, 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. Drexel's office of global engagement contributes to the mission of transforming the University into a global hub of academic and professional excellence. It works with units accross the University to build an ecosystem of global partnerships and programs both on and off campus through Drexel's trademark programs in co-op, education abroad, research partnerships and industry relations.undergraduate enrollment for academic year 2022-2023 = 13,977graduate and professional enrollment for academic year 2022-2023 = 8,367 number of degrees conferred in academic year 2022-2023: associate degrees = 0 bachelor's degrees = 3,474 master's degrees = 2,277 doctoral degrees = 735 certificates and other = 430
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 relocated the college of medicine and college of nursing and health professions to the University city campus.most recently, spark therapeutics broke ground on a $575 million 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 facility.during fy23, Drexel University conducted research on the following research grants:federally sponsored research - 941 grantsstate of Pennsylvania sponsored research - 96 grantscity of philadelphia contracts 23 grantsprivate foundation sponsored research - 295 grantsindustry sponsored research - 104 grants

Grants made by Drexel University

GranteeGrant descriptionAmount
Regents of the University of California at BerkeleyResearch$2,292,571
University of Pennsylvania (Penn)Research$2,111,036
Regents of the University of California / University of CaliforniaResearch$1,036,452
...and 81 more grants made totalling $17,129,684

Who funds Drexel University

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Howley FoundationGeneral$1,427,445
American Cancer Society (ACS)Extramural Research Grant$1,364,000
Howard Hughes Medical InstituteInclusive Excellence 3 Learning Community$1,155,000
...and 299 more grants received totalling $28,287,724

Personnel at Drexel University

NameTitleCompensation
Helen Y BowmanExecutive Vice President , Treasurer and Chief Operating Officer$966,123
David RusenkoVice President Finance , Chief Financial Officer and Associate Treasurer$328,610
Thomas DechiaroVice President , Information Technology and Chief Information Officer$438,747
Brian T KeechSenior Vice President Government and Community Relations$406,614
Charles CairnsDean and Senior Vice President Medical Affairs Com / Dean and Senior Vice President , Medical Affairs Co$933,892
...and 21 more key personnel

Financials for Drexel University

RevenuesFYE 06/2023
Total grants, contributions, etc.$231,867,487
Program services$1,075,763,484
Investment income and dividends$23,617,745
Tax-exempt bond proceeds$6,139
Royalty revenue$702,034
Net rental income$2,395,015
Net gain from sale of non-inventory assets$70,415,917
Net income from fundraising events$-127,879
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$8,270,114
Total revenues$1,412,910,056

Form 990s for Drexel University

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-15990View PDF
2022-062023-05-15990View PDF
2021-062022-07-11990View PDF
2020-062021-05-26990View PDF
2019-062021-02-09990View PDF
...and 9 more Form 990s

Organizations like Drexel University

OrganizationLocationRevenue
Georgetown UniversityWashington, DC$1,922,844,840
Baylor University (BU)Waco, TX$1,454,111,582
Dartmouth CollegeHanover, NH$1,603,346,438
Northeastern University (NU)Boston, MA$2,586,227,003
The George Washington University (GWU)Ashburn, VA$1,803,011,076
Duke UniversityDurham, NC$3,747,197,275
Harvard UniversityCambridge, MA$6,051,934,438
Liberty UniversityLynchburg, VA$1,565,676,548
Rensselaer Polytechnic Institute (RPI)Troy, NY$666,573,071
University of PittsburghPittsburgh, PA$3,139,570,956
Data update history
August 10, 2024
Received grants
Identified 125 new grant, including a grant for $1,155,000 from Howard Hughes Medical Institute
July 17, 2024
Updated personnel
Identified 2 new personnel
July 10, 2024
Posted financials
Added Form 990 for fiscal year 2023
July 8, 2024
Used new vendors
Identified 3 new vendors, including , , and
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
Nonprofit Types
Grantmaking organizationsSchoolsHigher ed institutionsHeadquarter / parent organizations
Issues
Education
Characteristics
Political advocacyLobbyingFundraising eventsOperates internationallyNational levelReceives government fundingEndowed supportCommunity engagement / volunteeringProvides scholarshipsFundraising races, competitions, and tournamentsTax deductible donationsAccepts online 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
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Exempt
FTB status revoked
Not revoked
AG Registration Number
CT0151109
FTB Entity ID
3098701
AB 488 data last updated ("as-of") date
2024-10-16
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