Nonprofit · EIN 22-1487164
DREW UNIVERSITY
Tax-exempt · MADISON, NJ 07940
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $120,509,727 | $133,892,618 | -$13,382,891 | $214,690,514 | $93,071,497 | $121,619,017 |
| June 30, 2024 | 990 | $117,249,894 | $138,305,866 | -$21,055,972 | $220,552,834 | $91,788,803 | $128,764,031 |
| June 30, 2023 | 990 | $112,171,400 | $130,091,459 | -$17,920,059 | $233,007,198 | $90,900,526 | $142,106,672 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $10,892,602
- of which government grants
- $2,054,448
- Program service revenue
- $105,165,955
- Investment income
- $1,479,108
- Net gain from sales of assets
- $193,068
- Other revenue
- $2,972,062
Expenses
- Grants and similar amounts paid
- $44,950,889
- Compensation of officers, directors and key employees
- $1,922,198
- Other salaries and wages
- $30,296,801
- Salaries, compensation and benefits (total)
- $40,277,000
- Professional fundraising fees
- $0
- Legal fees
- $186,641
- Accounting fees
- $72,550
- Occupancy
- $11,648,000
- Travel
- $348,000
- Depreciation
- $7,095,000
- Program services (functional)
- $111,708,889
- Management and general (functional)
- $18,260,816
- Fundraising (functional)
- $3,922,913
Balance sheet and other
- Total assets, start of year
- $220,552,834
- Total assets, end of year
- $214,690,514
- Total liabilities, end of year
- $93,071,497
- Net assets, end of year
- $121,619,017
- Land, buildings and equipment
- $110,280,289
- Publicly traded securities
- $14,726,640
- Net assets without donor restrictions
- -$80,957,000
- Net assets with donor restrictions
- $202,576,017
- Gross unrelated business income
- $9,289
- Gross receipts
- $132,800,659
- Employees
- 1,360
- Volunteers
- 20
- Year formed
- 1868
- State of legal domicile
- NJ
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| HILARY L LINK | PRESIDENT Trustee or director, Officer | 35 | $462,099 | $33,595 |
| BRET D SILVER | VP OF ADVANCEMENT Key employee | 35 | $420,472 | $23,251 |
| JESSICA LAKIN | PROVOST Key employee | 35 | $323,547 | $32,043 |
| LOUISE HOOD | AVP UNIVERSITY ADVANCEMENT & Highest-paid employee | 35 | $221,197 | $11,317 |
| FRANK C MERCKX | VP FOR CAMPUS LIFE Key employee | 35 | $196,185 | $21,909 |
| GREGORY A SMITH | VP FOR FACILITIES & CAMPUS OPERATIONS Key employee | 35 | $198,964 | $7,595 |
| ELLEN JOHNSON | VP FOR COMMUNICATIONS & STRATEGIC INITIATIVES Key employee | 35 | $191,907 | $10,628 |
| EDWIN APONTE | DEAN OF THEOLOGICAL SCHOOL Highest-paid employee | 35 | $177,296 | $17,468 |
| CAITLIN TRAMEL | ASSISTANT VP OF UNIVERSITY ADVANCEMENT Highest-paid employee | 35 | $193,895 | $0 |
| RYAN HINRICHS | DEAN OF ARTS & SCIENCES Highest-paid employee | 35 | $159,021 | $31,476 |
| CHRISTINA RACINE | ATHLETICS DIRECTOR Highest-paid employee | 35 | $154,600 | $10,312 |
| WILLIAM W LANDIS III | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| FREDRICK FUEST | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ANGELA GERKEN | VICE CHAIR AND SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| ALISON BEVAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
16 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BISHOP THOMAS J BRICKERTON | TRUSTEE Trustee or director | 1 | $0 |
| SCOTT BURR | TRUSTEE Trustee or director | 1 | $0 |
| G SANDY DIEHL | TRUSTEE Trustee or director | 1 | $0 |
| SANG WON DOH | TRUSTEE Trustee or director | 1 | $0 |
| D STUART DUNNAN | TRUSTEE Trustee or director | 1 | $0 |
| ROBERT FRANEK | TRUSTEE Trustee or director | 1 | $0 |
| GREGORY GORDON | TRUSTEE Trustee or director | 1 | $0 |
| MICHELLE HAMPTON | TRUSTEE Trustee or director | 1 | $0 |
| JUSTIN MARCUCCI | TRUSTEE Trustee or director | 1 | $0 |
| RYAN M MASON | TRUSTEE Trustee or director | 1 | $0 |
| BISHOP CYNTHIA MOORE-KOIKOI | TRUSTEE Trustee or director | 1 | $0 |
| EMILY MUSIL | TRUSTEE Trustee or director | 1 | $0 |
| JOSEPH C NOTO | TRUSTEE Trustee or director | 1 | $0 |
| VANESSA L VAN BRUNT | TRUSTEE Trustee or director | 1 | $0 |
| SUNEET VARMA | TRUSTEE Trustee or director | 1 | $0 |
| PETER ZANGARI | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 30 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| HILARY L LINK | PRESIDENT Trustee or director, Officer | 35 | $469,200 | $50,888 |
| THOMAS J SCHWARZ | RETIRED PRESIDENT Highest-paid employee | 0 | $500,000 | $0 |
| BRET D SILVER | VICE PRESIDENT, UNIVERSITY ADVANCEMENT Key employee | 35 | $423,188 | $37,470 |
| JESSICA LAKIN | PROVOST Key employee | 35 | $238,703 | $41,267 |
| LOUISE HOOD | ASSISTANT VP, ADVANCEMENT Highest-paid employee | 35 | $223,785 | $21,379 |
| FRANK MERCK | VP FOR CAMPUS LIFE Key employee | 35 | $203,294 | $30,535 |
| GREGORY SMITH | VP FOR FACILITIES & REAL ESTATE Key employee | 35 | $206,618 | $17,862 |
| EDWIN APONTE | DEAN Highest-paid employee | 35 | $187,975 | $24,502 |
| CAITLIN TRAMEL | ASSISTANT VP, ADVANCEMENT Highest-paid employee | 35 | $196,682 | $10,226 |
| RYAN HINRICHS | DEAN Highest-paid employee | 35 | $167,749 | $38,471 |
| WILLIAM W LANDIS III | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| FREDRICK FUEST | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ANGELA GERKEN | VICE CHAIR AND SECRETARY Trustee or director | 1 | $0 | $0 |
| BISHOP THOMAS J BRICKERTON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SCOTT BURR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| EMILY MUSIL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DEAN T CRIARES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ALFRED T DAY III | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SANG WON DOH | TRUSTEE Trustee or director | 1 | $0 | $0 |
| D STUART DUNNAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROBERT FRANEK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GREGORY GORDON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MICHELLE HAMPTON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JUSTIN MARCUCCI | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RYAN M MASON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOSEPH C NOTO | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BISHOP JOHN SCHOL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| VANESSA L VAN BRUNT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SUNEET VARMA | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PETER ZANGARI | TRUSTEE Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 29 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| THOMAS SCHWARZ | PRESIDENT Trustee or director, Officer | 35 | $500,000 | $40,000 |
| BRET D SILVER | VICE PRESIDENT, UNIVERSITY Key employee | 35 | $422,188 | $33,775 |
| JESSICA LAKIN | PROVOST Key employee | 35 | $231,646 | $47,030 |
| LOUISE T HOOD | ASSOC VP, ADVANCEMENT Highest-paid employee | 35 | $217,199 | $17,375 |
| EDWIN APONTE | DEAN OF THEOLOGICAL SCHOOL Highest-paid employee | 35 | $190,500 | $28,672 |
| GREGORY SMITH | VP FOR FACILITIES & CAMPUS Highest-paid employee | 35 | $191,532 | $22,331 |
| FRANK MERCK | VP ENROLLMENT MANAGEMENT Key employee | 35 | $178,214 | $34,019 |
| CAITLIN TRAMEL | ASSISTANT VP, ADVANCEMENT Highest-paid employee | 35 | $190,234 | $15,218 |
| RYAN HINRICHS | DEAN ARTS & SCIENCES Highest-paid employee | 35 | $163,126 | $41,549 |
| WILLIAM W LANDIS III | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| FREDRICK FUEST | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ANGELA GERKEN | VICE CHAIR AND SECRETARY Trustee or director | 1 | $0 | $0 |
| BISHOP THOMAS J BRICKERTON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SCOTT BURR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| EMILY MUSIL CHURCH | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DEAN T CRIARES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ALFRED T DAY III | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SANG WON DOH | TRUSTEE Trustee or director | 1 | $0 | $0 |
| D STUART DUNNAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROBERT FRANEK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GREGORY GORDON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MICHELLE HAMPTON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JUSTIN MARCUCCI | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RYAN M MASON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOSEPH C NOTO | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BISHOP JOHN SCHOL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| VANESSA L VAN BRUNT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SUNEET VARMA | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JENNIFER VELEZ | TRUSTEE Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 36 MADISON AVE, MADISON, NJ 07940-1434
- In care of
- % HILARY LINK
- Principal officer (990 for 2024)
- HILARY LINK, 36 MADISON AVENUE, MADISON, NJ 07940
- Signed the 990
- HILARY LINK, PRESIDENT
- Phone
- (973) 408-3000
- Website
- DREW.EDU
- Return prepared by
- BROWN EDWARDS & COMPANY LLP
Mission
DREW UNIVERSITY, A PHI BETA KAPPA LIBERAL ARTS UNIVERSITY, INCLUDES THE COLLEGE OF LIBERAL ARTS, THE DREW THEOLOGICAL SCHOOL, AND THE CASPERSEN SCHOOL OF GRADUATE STUDIES. CONTINUED ON SCHEDULE O.
Program accomplishments
- THE DREW UNIVERSITY COLLEGE OF LIBERAL ARTS AFFIRMS A COMMITMENT TO ITS FOUNDING VISION TO OFFER ITS STUDENTS A LIBERAL ARTS EDUCATION OF THE HIGHEST QUALITY THROUGH A RIGOROUS COURSE OF STUDY. THE COLLEGE CHALLENGES STUDENTS TO EXPLORE THE ARTS, NATURAL SCIENCES, SOCIAL SCIENCES, HUMANITIES, AND INTERDISCIPLINARY FIELDS IN DEPTH AND TO DEVELOP THEIR CAPACITIES FOR CRITICAL THOUGHT, PROBLEM SOLVING, EFFECTIVE COMMUNICATION, CREATIVITY, SELF DISCIPLINE, AND EMPATHY. AS THE COLLEGE PREPARES STUDENTS FOR ACADEMIC AND PROFESSIONAL ACHIEVEMENT, IT PROVIDES THEM WITH ESSENTIAL SKILLS FOR LIVING AND CONTINUING TO LEARN AND TO GROW IN AN INCREASINGLY DIVERSE AND COMPLEX WORLD.Expenses $80,573,616 · grants $37,982,631 · revenue $82,730,486
- DREW THEOLOGICAL SCHOOL EMPOWERS LEADERSHIP FOR A GLOBAL CHRISTIANITY OF JUSTICE, ECUMENISM, AND THE INTEGRITY OF CREATION. ITS PASTORAL, SPIRITUAL, AND CONCEPTUAL DISCIPLINES GROW WITHIN AN INTIMATE LITURGICAL AND COMMUNAL CONTEXT, ONE THAT SUSTAINS MULTIPLE RELATIONS OF DIFFERENCE. THROUGH ITS PARTICULAR HISTORICAL COMMITMENTS TO AFRICAN, ASIAN, AFRICAN-AMERICAN, HISPANIC, AND WOMEN'S MINISTRIES, THE THEOLOGICAL SCHOOL REMAINS FAITHFULLY ROOTED IN ITS METHODIST HERITAGE. DREW NURTURES CHRISTIAN PRACTICES THROUGH VITAL PARTNERSHIP WITH LOCAL CHURCHES AND INTERNATIONAL NETWORKS OF EDUCATION. TRANS-DISCIPLINARY INTERPRETATION OF TEXT, TRADITION, AND EXPERIENCE ENERGIZES ITS SCHOLARLY VIGOR. DREW ENGENDERS THEOLOGIES RESPONSIBLE TO THE COMPLEX REALITIES OF AN INTERCONNECTED WORLD. INTO THAT WORLD, DREW SENDS PASTORS, PREACHERS AND PROPHETS, DEACONS, ACTIVISTS, AND TEACHERS.Expenses $12,070,754 · grants $4,438,363 · revenue $5,323,712
- THE CASPERSEN SCHOOL OF GRADUATE STUDIES WAS FOUNDED ON THE PRINCIPLE OF THE IMPORTANCE OF INTERDISCIPLINARY STUDY IN THE HUMANITIES. THE GOAL OF THE SCHOOL'S FOUNDERS WAS TO FOSTER BROADLY EDUCATED PEOPLE WHO HAVE EXPERTISE IN A FIELD OF THOUGHT BUT WHO ARE ALSO FAMILIAR WITH AND ARTICULATE IN A RANGE OF HUMANISTIC STUDIES. THIS MISSION CONTINUES TO DISTINGUISH THE CASPERSEN SCHOOL AMONG INSTITUTIONS WITH DOCTORAL PROGRAMS IN THE HUMANITIES. OUR INTENT IS TO TRAIN PERSONS WHO ARE PROPERLY PREPARED NOT ONLY IN SPECIFIC RECOGNIZED FIELDS BUT ALSO IN INTERDISCIPLINARY DIALOGUE. WE CELEBRATE THE JOY OF LEARNING AS WE PREPARE ABLE, WELL INFORMED GRADUATES WHO PURSUE CAREERS IN HIGHER EDUCATION, IN THE RELIGIOUS AND MEDICAL COMMUNITIES, AND IN THE BROADER INTELLECTUAL WORLD. AS SUCH, WE ARE WELL POSITIONED TO MEET THE INCREASING CALL FOR INTERDISCIPLINARY APPROACHES BOTH IN THE ACADEMY AND IN THE WIDER WORLD. INTEGRAL TO OUR MISSION IS ENCOURAGING OUR FACULTY AND STUDENTS ALIKE TO PURSUE CREATIVE RESEARCH IN THE HUMANITIES AND TO MAKE THE RESULTS OF THEIR WORK AVAILABLE THROUGH TEACHING, PARTICIPATION IN SCHOLARLY MEETINGS, VARIOUS FORMS OF PUBLICATION AND INTELLECTUAL DISCOURSE; TO THAT END WE CONTINUE TO EXPLORE NEW POSSIBILITIES OF ENHANCING INTERDISCIPLINARY STUDIES IN THE HUMANITIES.Expenses $3,925,505 · grants $1,400,529 · revenue $4,205,303
- OTHER PROGRAM EXPENSES REFLECT EDUCATIONAL PROGRAM EXPENSES NOT DIRECTLY RELATED TO ONE OF THE SCHOOLS DESCRIBED ABOVE. IT INCLUDES AN ALLOCATED METHOD OF PROGRAM, AUXILIARY, AND STUDENT SERVICE EXPENSES. OTHER PROGRAM ACTIVITIES ALSO INCLUDE EXPENSES AND REVENUES FROM THE UNIVERSITY'S CONTINUING EDUCATION AND SUMMER PROGRAMS.Expenses $15,139,014 · grants $1,129,366 · revenue $14,880,630
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 22-1487164
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1935
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B420)
- Assets (IRS master file)
- $214,690,514
- Income (IRS master file)
- $132,800,659
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $120,509,727 | $133,892,618 | $214,690,514 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $117,249,894 | $138,305,866 | $220,552,834 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $112,171,400 | $130,091,459 | $233,007,198 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $122,404,308 | $122,795,375 | $245,004,521 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-1487164).
Questions about DREW UNIVERSITY
- What is the EIN of DREW UNIVERSITY?
- The employer identification number (EIN) of DREW UNIVERSITY is 22-1487164.
- Is DREW UNIVERSITY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1935.
- Are donations to DREW UNIVERSITY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DREW UNIVERSITY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of DREW UNIVERSITY due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DREW UNIVERSITY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of DREW UNIVERSITY?
- The 990 for the year ended June 30, 2025 names HILARY LINK.
- Who are the officers and directors of DREW UNIVERSITY?
- The 990 for the year ended June 30, 2025 lists 31 people; 11 received compensation from the organization, the highest $462,099 (HILARY L LINK, PRESIDENT).
- How much revenue does DREW UNIVERSITY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $120,509,727, expenses of $133,892,618 and total assets of $214,690,514 at year end.
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