Nonprofit · EIN 23-1352651
THOMAS JEFFERSON UNIVERSITY
Tax-exempt · PHILADELPHIA, PA 19107
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,581,285,779 | $1,535,765,761 | $45,520,018 | $6,568,663,239 | $5,435,142,273 | $1,133,520,966 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $208,616,937
- of which government grants
- $1,000,000
- Program service revenue
- $1,273,380,833
- Investment income
- $99,631,394
- Net rental income
- -$343,385
- Net gain from sales of assets
- $92,628,065
- Other revenue
- -$343,385
Expenses
- Grants and similar amounts paid
- $20,044,479
- Compensation of officers, directors and key employees
- $22,676,869
- Other salaries and wages
- $630,495,690
- Salaries, compensation and benefits (total)
- $852,033,296
- Professional fundraising fees
- $0
- Legal fees
- $8,496,697
- Accounting fees
- $2,839,749
- Occupancy
- $33,828,949
- Travel
- $8,348,335
- Depreciation
- $24,306,412
- Program services (functional)
- $1,478,547,677
- Management and general (functional)
- $56,408,197
- Fundraising (functional)
- $809,887
Balance sheet and other
- Total assets, start of year
- $5,080,196,016
- Total assets, end of year
- $6,568,663,239
- Total liabilities, end of year
- $5,435,142,273
- Net assets, end of year
- $1,133,520,966
- Land, buildings and equipment
- $1,348,240,023
- Net assets without donor restrictions
- $483,367,432
- Net assets with donor restrictions
- $650,153,534
- Gross unrelated business income
- $2,389,587
- Gross receipts
- $1,584,285,511
- Employees
- 7,579
- Volunteers
- 2,681
- Year formed
- 1824
- State of legal domicile
- PA
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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOSEPH G CACCHIONEMDFACC | TRUSTEE - CEO TJU/JEFF HEALTH Trustee or director, Officer | 60 | $6,932,295 | $0 | $78,467 |
| Baligh R YehiaMDMPPMSc | PRESIDENT JEFFERSON HEALTH Key employee | 55 | $3,159,075 | $0 | $561,274 |
| JOHN P MORDACH | TREAS. - EVP/CFO (TERM 2/2025) Officer | 60 | $2,830,350 | $0 | $75,267 |
| SRINIVAS PRASAD MD MS | PROFESSOR & PHYSICIAN Highest-paid employee | 55 | $60,806 | $2,611,051 | $51,907 |
| JACK JALLO MD PHD | PROFESSOR & PHYSICIAN Highest-paid employee | 55 | $299,663 | $2,112,137 | $99,067 |
| BRUCE A MEYER MD MBA | FORMER KEY EMPLOYEE Former | 0 | $2,485,436 | $0 | $0 |
| JAMES S HARROP MD | PROFESSOR & PHYSICIAN Highest-paid employee | 55 | $227,979 | $2,142,320 | $107,394 |
| CRISTINA G CAVALIERI ESQ | SEC - EVP, CHIEF LEGAL COUNSEL Officer | 60 | $2,357,110 | $0 | $66,319 |
| JOSHUA HELLER MD MBA | PROFESSOR & PHYSICIAN Highest-paid employee | 55 | $66,284 | $2,027,340 | $65,373 |
| ROBERT H ROSENWASSER MD | PROFESSOR & PHYSICIAN Highest-paid employee | 55 | $1,635,285 | $363,731 | $100,731 |
| SUSAN C ALDRIDGE PHD | PRESIDENT TJU Key employee | 55 | $1,967,148 | $0 | $54,037 |
| MARK M WHALEN | EVP, CSO & CAO Officer | 55 | $1,680,901 | $0 | $291,273 |
| STEPHEN T SMITH | EVP, CAO Key employee | 55 | $1,129,594 | $0 | $201,086 |
| LISA SATTESON SHRM-SCP | EVP, CHIEF HR OFFicer Key employee | 55 | $1,090,689 | $0 | $201,984 |
| MARK L TYKOCINSKI MD | FORMER KEY EMPLOYEE Former | 0 | $1,178,506 | $0 | $70,731 |
25 more people on this return
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| LAURENCE M MERLIS | FORMER KEY EMPLOYEE Former | 0 | $1,220,360 | $0 | $19,885 |
| STEPHEN K KLASKO MD MBA | FORMER OFFICER Former | 0 | $1,085,673 | $0 | $4,314 |
| KATHLEEN GALLAGHER | FORMER OFFICER Former | 0 | $718,982 | $0 | $19,954 |
| MICHAEL B WALSH | FORMER KEY EMPLOYEE Former | 0 | $0 | $644,013 | $0 |
| PATRICIA D WELLENBACH | CHAIR - TRUSTEE Trustee or director, Officer | 5 | $0 | $0 | $0 |
| LESLIE J MCNAMARA | VICE CHAIR - TRUSTEE Trustee or director, Officer | 5 | $0 | $0 | $0 |
| MICHAEL E SNEED | VICE CHAIR - TRUSTEE Trustee or director, Officer | 5 | $0 | $0 | $0 |
| MARY S AUSTEN | TRUSTEE Trustee or director | 5 | $0 | $0 | $0 |
| MIMI DRAKE | TRUSTEE Trustee or director | 5 | $0 | $0 | $0 |
| STEVEN R FOLLETT | TRUSTEE Trustee or director | 5 | $0 | $0 | $0 |
| JOHN J FUNG MD PHD | TRUSTEE Trustee or director | 5 | $0 | $0 | $0 |
| LEA D KNIGHT | TRUSTEE Trustee or director | 5 | $0 | $0 | $0 |
| MATTHEW S LEVITTIES | TRUSTEE Trustee or director | 5 | $0 | $0 | $0 |
| JOHN F MALLOY PHD | TRUSTEE Trustee or director | 5 | $0 | $0 | $0 |
| ANDREW J MORRISROE | TRUSTEE Trustee or director | 5 | $0 | $0 | $0 |
| DEBRA L NESS | TRUSTEE Trustee or director | 5 | $0 | $0 | $0 |
| KATHY O'BRIEN | TRUSTEE Trustee or director | 5 | $0 | $0 | $0 |
| TIM O'ROURKE | TRUSTEE Trustee or director | 5 | $0 | $0 | $0 |
| MELANIE M PENNA | TRUSTEE Trustee or director | 5 | $0 | $0 | $0 |
| RAMONA ROGERS-WINDSOR | TRUSTEE Trustee or director | 5 | $0 | $0 | $0 |
| TRISTA M WALKER | TRUSTEE Trustee or director | 5 | $0 | $0 | $0 |
| LAWRENCE S REICHLIN | TRUSTEE (TERM 10/2024) Trustee or director | 5 | $0 | $0 | $0 |
| RICHARD C SHEERR | TRUSTEE (TERM 10/2024) Trustee or director | 5 | $0 | $0 | $0 |
| THOMAS J MARCHOZZI MBA CPA | TREAS.- EVP & CFO (EFF 2/2025) Officer | 55 | $0 | $0 | $0 |
| BRIAN NESTER DO MBA | EVP, COO JEFFERSON HEALTH Officer | 55 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1101 MARKET ST 29TH FL, PHILADELPHIA, PA 19107-2934
- In care of
- % RONALD C KELLER CPA
- Principal officer (990 for 2024)
- JOSEPH G CACCHIONE MDFACC, 1101 MARKET ST STE 2004, PHILADELPHIA, PA 19107
- Signed the 990
- MICHAEL HARRINGTON, EVP/CFO
- Phone
- (215) 503-8344
- Return prepared by
- WithumSmithBrown PC
Mission
THOMAS JEFFERSON UNIVERSITY ("TJU") IS A COMPREHENSIVE UNIVERSITY WITH PREEMINENCE IN TRANSDISCIPLINARY, EXPERIENTIAL PROFESSIONAL EDUCATION, RESEARCH AND DISCOVERY, DELIVERING EXCEPTIONAL VALUE FOR THE 21ST CENTURY STUDENTS WITH EXCELLENCE IN ARCHITECTURE, BUSINESS, DESIGN, FASHION, ENGINEERING, HEALTH, MEDICINE, SCIENCE AND TEXTILES - INFUSED WITH THE LIBERAL ARTS. THE ORGANIZATION IS THE TAX-EXEMPT PARENT ORGANIZATION OF THOMAS JEFFERSON UNIVERSITY/JEFFERSON HEALTH; A COMPREHENSIVE PROFESSIONAL UNIVERSITY AND TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY SYSTEM ("SYSTEM"), WITH A TRIPARTITE MISSION OF EDUCATION, RESEARCH AND PATIENT CARE. THE ORGANIZATION CONDUCTS RESEARCH AND OFFERS UNDERGRADUATE AND GRADUATE INSTRUCTION THROUGH THE SIDNEY KIMMEL MEDICAL COLLEGE AND THE JEFFERSON COLLEGES OF NURSING, PHARMACY, HEALTH PROFESSIONS, POPULATION HEALTH, AND BIOMEDICAL SCIENCES.
Program accomplishments
- EXPENSES INCURRED IN FUNCTIONING AS AN INNOVATIVE HEALTH SCIENCES UNIVERSITY THAT CONDUCTS RESEARCH AND OFFERS UNDERGRADUATE AND GRADUATE INSTRUCTION THROUGH THE SIDNEY KIMMEL MEDICAL COLLEGE AT THOMAS JEFFERSON UNIVERSITY, AS WELL AS, THE JEFFERSON COLLEGES OF NURSING, PHARMACY, HEALTH PROFESSIONS, POPULATION HEALTH, REHABILITATION SCIENCES AND LIFE SCIENCES. ADDITIONALLY, THIS ORGANIZATION SERVES AS THE TAX-EXEMPT PARENT ORGANIZATION OF THOMAS JEFFERSON UNIVERSITY/JEFFERSON HEALTH; A COMPREHENSIVE PROFESSIONAL UNIVERSITY AND TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY SYSTEM ("SYSTEM"), WITH A TRIPARTITE MISSION OF EDUCATION, RESEARCH AND PATIENT CARE. FOR ADDITIONAL INFORMATION, PLEASE REFER TO THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT INCLUDED IN SCHEDULE O.Expenses $1,478,547,677 · grants $20,044,479 · revenue $1,273,380,833
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
- 23-1352651
- 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
- 1996
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B500)
- Assets (IRS master file)
- $6,568,663,239
- Income (IRS master file)
- $1,584,285,511
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | – | – | – | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | – | – | – | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $1,666,137,809 | $1,649,493,276 | $4,738,692,430 | IRS |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $1,341,009,086 | $1,330,229,702 | $4,773,850,575 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about THOMAS JEFFERSON UNIVERSITY
- What is the EIN of THOMAS JEFFERSON UNIVERSITY?
- The employer identification number (EIN) of THOMAS JEFFERSON UNIVERSITY is 23-1352651.
- Is THOMAS JEFFERSON UNIVERSITY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to THOMAS JEFFERSON UNIVERSITY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THOMAS JEFFERSON 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 THOMAS JEFFERSON 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 THOMAS JEFFERSON 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 THOMAS JEFFERSON UNIVERSITY?
- The 990 for the year ended June 30, 2025 names JOSEPH G CACCHIONE MDFACC.
- Who are the officers and directors of THOMAS JEFFERSON UNIVERSITY?
- The 990 for the year ended June 30, 2025 lists 40 people; 18 received compensation from the organization, the highest $6,932,295 (JOSEPH G CACCHIONEMDFACC, TRUSTEE - CEO TJU/JEFF HEALTH).
- How much revenue does THOMAS JEFFERSON UNIVERSITY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,581,285,779, expenses of $1,535,765,761 and total assets of $6,568,663,239 at year end.
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