Monmouth University

Nonprofit profile at a glance

EIN
210634584
IRS 990 coverage
2009–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024, Form 990-T 2024
Location
West Long Branch, NJ, US
Phone
(732) 571-3400
Rating
81
Verdict
STRONG
Rating confidence
Standard
Sector
University or Technological Institute

Official website

Reported finances

Revenue
$277,354,524
Expenses
$270,018,020
Assets
$496,046,372
Liabilities
$52,605,493

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

53 people listed

Executive titles in this filing

  • PATRICK F LEAHY (PRESIDENT)

Highest reported compensation

  • PATRICK F LEAHY (PRESIDENT): $1,155,725 total reported compensation
  • KING D RICE (HEAD MENS BASKETBALL COACH): $703,137 total reported compensation
  • RICHARD F VEIT JR - PROVOST (& SENIOR VP FOR ACADEMIC AFFAIRS): $385,900 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

We are a community made of unique individuals who come together to learn & grow.

What it reported doing in 2024

See schedule ohigher education, research and public service: monmouth university's 170.21-acre campus is located in west long branch along New Jersey's northern coastline, and approximately one hour from both New York city and philadelphia. Monmouth is a private university that offers innovative academic programs including 33 bachelor's degrees, 23 master's degrees and four doctoral degrees through the six academic schools of leon hess business school, education, humanities and social sciences, nursing and health studies, science, and social work. Students may also enroll in the honors school.at monmouth university, there are five unique organizations, known as centers of distinction, which work to promote awareness of specific issues and meet the needs of local and global communities. Monmouth's centers of distinction - the urban coast institute, the kislak real estate institute, the institute of global understanding, the center of the arts, and the bruce springsteen archives and center for american music - provide important services in areas such as the environment, global affairs, and public policy as well as hands-on learning opportunities for the students.monmouth is accredited by the middle states commission of higher education and holds specialized accreditations with the association to advance collegiate schools of business (aacsb), engineering accreditation commission of abet, accreditation council for occupational therapy education (acote) (otd), commission on collegiate nursing education (ccne), council on social work education (cswe), council for accreditation for educator preparation (caep), council for accreditation of counseling and related education programs (cacrep) (msed and ms clinical mental health counseling), council on academic accreditation in audiology and speech-language pathology of the american speech and-language hearing association (asha) (msed speech-language pathology), arc-pa (accreditation continued status), on the approved list of the american chemical society (acs) (bs chemistry with a concentration in advanced chemistry) and the certificate in applied behavior analysis is the course sequence approved by the behavior analyst certification board to be eligible to take the board certified behavior analyst examination.monmouth's fall 2024 student enrollment was 3,710 undergraduate (97% full-time) and 1,057 graduate students (52% full-time) who represented 40 states and 33 countries. Monmouth employs 271 full-time faculty of whom 85% have earned their terminal degree. Monmouth students receive individualized faculty attention with a 12:1 student-to-faculty ratio and average class sizes of 18 for ug or 13 for gr. Monmouth's rigorous education, which has foundation in the liberal arts and an emphasis on transformative learning in and outside of the classroom, includes an experiential education degree requirement for all undergraduate students. The monmouth experience emphasizes cultural and global literacy in the curricula and through our study abroad and service learning opportunities. Monmouth's first-year retention is 80% and our six-year graduation rate is 72%.monmouth's beautiful coastal residential campus houses as many as 2,050 students on campus or in university-owned or sponsored off-campus buildings and sits at the heart of a vibrant culture rich in history, the arts, technology and entrepreneurship. Our renowned faculty are actively involved in advancing academic research nationwide while encouraging meaningful community involvement and critical thinking for self-fulfillment. Monmouth has 24 division i ncaa athletic teams, 15 club sports, and 12 intramural sports. In addition to athletics there are over 130 clubs, 31 academic/leadership honor societies, greek life, a radio station, a television station, and an award winning student newspaper. The academic needs of students are supported by the center for student success with services that include academic advising, academic transitions,

Operating model

Revenue model
Earned-program. 89% of the money available for current operations came from fees and other program revenue.
Distribution model
Hybrid. The nonprofit split its reported program spending across 62% for direct work, and 38% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 77
  • Transparency & Controls: 79
  • Accountability: 96
  • Sustainability: 54
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 82.3%; rating input score 82
  • Program expense ratio: 84%; rating input score 84
  • Fundraising efficiency: $7.62 raised per $1 spent on fundraising; rating input score 34; 34th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: 1 of 8 controls in place; rating input score 12
    • Claims monitoring procedures: Pass
    • Requires narrative reports: Fail
    • Conducts field audits: Fail
    • May suspend future funding: Fail
    • Requires financial reports: Fail
    • Conducts site visits: Fail
    • Requires grant agreements: Fail
    • May require repayment: Fail
  • Grant itemization coverage: 99.9%; rating input score 100; 48th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 93.8%; rating input score 94; 44th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 2.6%; rating input score 46; 46th percentile among comparable filings
  • Total-asset coverage ratio: 1.84; rating input score 60; 60th percentile among comparable filings
  • Liabilities to assets ratio: 0.11; rating input score 82; 82nd percentile among comparable filings
  • Officer compensation ratio: 2.9%; rating input score 40; 40th percentile among comparable filings

Growth

  • Program expense growth: 2.5% per year; rating input score 100; 18th percentile among comparable filings
  • Revenue growth: 2.6% per year; rating input score 100; 18th percentile among comparable filings
  • Asset growth: 3.7% per year; rating input score 100; 25th percentile among comparable filings

Details

  • What they do: 5 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: 82.3% of revenue deployed · 84% of spending went to programs
  • Governance: 30 of 32 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $226.9M in reported program spending
  • Leadership: top reported pay $1.2M · 53 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $17.6M reported
  • Consistency: 46 of 46 current checks pass
  • Schedules: 13 filed schedules · includes major donors, foreign activity, grants, executive pay, and related organizations
  • Filing history: 15 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 28 filed money-flow records
  • Related organizations: 7 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Foreign activity oversight: 7 of 8 not reported.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 34/100.
  • Moderate — Sustainability: Operating margin scored 46/100.
  • Moderate — Sustainability: Officer compensation ratio scored 40/100.