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Nonprofit · EIN 72-0423889

THE ADMINISTRATORS OF THE TULANE EDUCATIONAL FUND

Also known as Tulane Law School Chapter 30039

Tax-exempt · NEW ORLEANS, LA 70118

Financials

$1.7B$1.5B2022$1.8B$1.7B2023$1.9B$1.8B2024
Revenue Expenses · by fiscal year end
Financials of THE ADMINISTRATORS OF THE TULANE EDUCATIONAL FUND by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$1,943,508,000$1,755,227,000$188,281,000$4,622,624,000$1,517,104,000$3,105,520,000
June 30, 2024990$1,798,067,000$1,669,348,000$128,719,000$4,312,796,000$1,446,081,000$2,866,715,000
June 30, 2023990$1,674,159,000$1,529,244,000$144,915,000$3,962,345,000$1,311,465,000$2,650,880,000
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$377,281,000
of which government grants
$200,837,000
Membership dues
$511,000
Program service revenue
$1,342,004,000
Investment income
$223,443,000
Royalties
$1,109,000
Net rental income
$674,000
Net gain from sales of assets
$167,425,000
Net income from fundraising events
-$1,361,000
Tax-exempt bond proceeds
$4,245,000
Other revenue
$780,000

Expenses

Grants and similar amounts paid
$273,316,000
Compensation of officers, directors and key employees
$11,781,000
Other salaries and wages
$666,811,000
Salaries, compensation and benefits (total)
$829,970,000
Professional fundraising fees
$210,000
Legal fees
$6,689,000
Accounting fees
$732,000
Occupancy
$74,911,000
Travel
$29,765,000
Depreciation
$71,191,000
Program services (functional)
$1,511,681,000
Management and general (functional)
$208,614,000
Fundraising (functional)
$34,932,000

Balance sheet and other

Total assets, start of year
$4,312,796,000
Total assets, end of year
$4,622,624,000
Total liabilities, end of year
$1,517,104,000
Net assets, end of year
$3,105,520,000
Land, buildings and equipment
$1,611,456,000
Publicly traded securities
$382,010,000
Net assets without donor restrictions
$693,490,000
Net assets with donor restrictions
$2,412,030,000
Gross unrelated business income
$13,326,000
Gross receipts
$2,172,290,000
Employees
12,533
Volunteers
150
Year formed
1951
State of legal domicile
LA

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.

NameTitleHours / weekCompensationOther / benefits
Jonathan SumrallHead Football Coach
Highest-paid employee
40$3,017,000$64,000
Michael FittsPresident
Trustee or director, Officer
40$2,460,000$391,000
Richard ChauChief Investment Officer
Key employee
40$1,717,000$288,000
Dr John Thompson JrPhysician
Highest-paid employee
40$1,393,000$64,000
Patrick NortonCOO and Treasurer of the University
Officer
40$1,032,000$319,000
Ronald HunterHead Basketball Coach
Highest-paid employee
40$1,292,000$56,000
Dr Aaron DumontPhysician
Highest-paid employee
40$1,250,000$52,000
Jamil BorgiAssociate Professor of Surgery
Highest-paid employee
40$1,139,000$22,000
Dr L HammSenior VP and Dean of Medicine
Officer
40$971,000$59,000
Robin FormanSenior VP for Academic Affairs and Provost
Officer
40$947,000$57,000
Virginia WiseSenior VP for Advancement
Officer
40$748,000$125,000
Victoria JohnsonGeneral Counsel
Officer
40$733,000$50,000
Elizabeth Brown-AigeldingerSecretary of the University
Officer
40$573,000$60,000
Ian MorrisonVice President of Public Relations and Chief Communications Officer
Officer
40$419,000$67,000
Shawn AbbottVice President of Enrollment Management
Officer
40$473,000$9,000
41 more people on this return
NameTitleHours / weekCompensationOther / benefits
Jonathan SmallVice President of Human Resources and Institutional Equity
Officer
40$359,000$57,000
James WandlingUniversity Controller
Officer
40$323,000$46,000
James PorterVice President Student Affairs
Officer
40$204,000$7,000
Sarah CunninghamVice President, Student Affairs
Officer
40$195,000$4,000
Dr Steven PaulVoting Board Member
Trustee or director
0$0$0
Donald Peters JrVoting Board Member
Trustee or director
0$0$0
Irwin SimonVoting Board Member
Trustee or director
0$0$0
Ann TenenbaumVoting Board Member
Trustee or director
0$0$0
Michael CorasanitiVoting Board Member
Trustee or director
0$0$0
Glenn DardenVoting Board Member
Trustee or director
0$0$0
Michelle DienerVoting Board Member
Trustee or director
0$0$0
Arnold DonaldVoting Board Member
Trustee or director
0$0$0
Timothy FrancisVoting Board Member
Trustee or director
0$0$0
Suzanne GrantVoting Board Member
Trustee or director
0$0$0
Lisa JacksonVoting Board Member
Trustee or director
0$0$0
Jennifer KottlerVoting Board Member
Trustee or director
0$0$0
Barry MalkinVoting Board Member
Trustee or director
0$0$0
William MarkoVoting Board Member
Trustee or director
0$0$0
David MussaferChair
Trustee or director, Officer
0$0$0
Elizabeth AlexanderVice Chair
Trustee or director, Officer
0$0$0
Regina BenjaminVoting Board Member
Trustee or director
0$0$0
Richard LernerVoting Board Member
Trustee or director
0$0$0
Martha MurphyVoting Board Member
Trustee or director
0$0$0
Mark TiptonVoting Board Member
Trustee or director
0$0$0
Dr Trivia FrazierVoting Board Member
Trustee or director
0$0$0
Kim BoyleVoting Board Member
Trustee or director
0$0$0
Michael RubensteinVoting Board Member
Trustee or director
0$0$0
Kate WilliamsonVoting Board Member
Trustee or director
0$0$0
David ZhangVoting Board Member
Trustee or director
0$0$0
Jeffrey B GoldringVoting Board Member
Trustee or director
0$0$0
Carol BernickVoting Board Member
Trustee or director
0$0$0
Albert Small JrVice Chair
Trustee or director, Officer
0$0$0
Shannon AcksVoting Board Member
Trustee or director
0$0$0
J David BarksdaleVoting Board Member
Trustee or director
0$0$0
Christopher BrittVoting Board Member
Trustee or director
0$0$0
Marcus BrownVoting Board Member
Trustee or director
0$0$0
Mark A FogelmanVoting Board Member
Trustee or director
0$0$0
Thomas E JordenVoting Board Member
Trustee or director
0$0$0
Dennis LauschaVoting Board Member
Trustee or director
0$0$0
Rick S ReesVoting Board Member
Trustee or director
0$0$0
E Pierce Marshall JrVoting Board Member
Officer
0$0$0
990 for the year ended June 30, 2024: 51 people
NameTitleHours / weekCompensationOther / benefits
Michael FittsPresident
Trustee or director, Officer
40$2,991,000$321,000
William FritzHead Football Coach
Highest-paid employee
40$1,940,000$45,000
Richard ChauChief Investment Officer
Key employee
40$1,595,000$269,000
Ronald HunterHead Basketball Coach
Highest-paid employee
40$1,435,000$54,000
Dr J Thompson JrPhysician
Highest-paid employee
40$1,369,000$60,000
Patrick NortonCOO and Treasurer of the University
Officer
40$968,000$276,000
Dr A DumontPhysician
Highest-paid employee
40$1,183,000$58,000
Julia MordDeputy Chief Investment Officer
Highest-paid employee
40$917,000$175,000
Dr L HammSenior VP and Dean of Medicine
Officer
40$943,000$55,000
Troy DannenAthletic Director
Former
40$921,000$45,000
Robin FormanSenior VP for Academic Affairs and Provost
Officer
40$883,000$59,000
Dr F SavoiePhysician
Former
40$774,000$45,000
Virginia WiseSenior VP for Advancement
Officer
40$661,000$124,000
Victoria JohnsonGeneral Counsel
Officer
40$711,000$46,000
Elizabeth Brown-AigeldingerSecretary of the University
Officer
40$524,000$61,000
Shawn AbbottVice President of Enrollment Management
Key employee
40$441,000$10,000
Ian MorrisonVice President of Public Relations and Chief Communications Officer
Officer
40$381,000$28,000
Jonathan SmallVice President of Human Resources and Institutional Equity
Officer
40$304,000$53,000
James WandlingUniversity Controller
Officer
40$275,000$43,000
Dr Steven PaulVoting Board Member
Trustee or director
0$0$0
Donald Peters JrVoting Board Member
Trustee or director
0$0$0
Irwin SimonVoting Board Member
Trustee or director
0$0$0
Ann TenenbaumVoting Board Member
Trustee or director
0$0$0
Michael CorasanitiVice Chair
Trustee or director
0$0$0
Dr Jeffrey BalserVoting Board Member
Trustee or director
0$0$0
Glenn DardenVoting Board Member
Trustee or director
0$0$0
Michelle DienerVoting Board Member
Trustee or director
0$0$0
Arnold DonaldVoting Board Member
Trustee or director
0$0$0
Stephanie FeoliVoting Board Member
Trustee or director
0$0$0
Timothy FrancisVoting Board Member
Trustee or director
0$0$0
Suzanne GrantVoting Board Member
Trustee or director
0$0$0
Lisa JacksonVoting Board Member
Trustee or director
0$0$0
Jennifer KottlerVoting Board Member
Trustee or director
0$0$0
Barry MalkinVoting Board Member
Trustee or director
0$0$0
William MarkoVoting Board Member
Trustee or director
0$0$0
E Pierce Marshall JrVoting Board Member
Trustee or director
0$0$0
David MussaferVoting Board Member
Trustee or director
0$0$0
Elizabeth AlexanderVoting Board Member
Trustee or director
0$0$0
Regina BenjaminVoting Board Member
Trustee or director
0$0$0
Richard LernerVoting Board Member
Trustee or director
0$0$0
Martha MurphyVoting Board Member
Trustee or director
0$0$0
Mark TiptonVoting Board Member
Trustee or director
0$0$0
Dr Trivia FrazierVoting Board Member
Trustee or director
0$0$0
Kim BoyleVoting Board Member
Trustee or director
0$0$0
Michael RubensteinVoting Board Member
Trustee or director
0$0$0
Kate WilliamsonVoting Board Member
Trustee or director
0$0$0
David ZhangVoting Board Member
Trustee or director
0$0$0
Jeffrey B GoldringVoting Board Member
Trustee or director
0$0$0
Carol BernickChair
Officer
0$0$0
Wayne LeeVice Chair
Officer
0$0$0
Albert Small JrVice Chair
Officer
0$0$0
990 for the year ended June 30, 2023: 55 people
NameTitleHours / weekCompensationOther / benefits
William FritzHead Football Coach
Highest-paid employee
40$2,992,000$70,000
Michael FittsPresident
Trustee or director, Officer
40$1,677,000$250,000
Richard ChauChief Investment Officer
Key employee
40$1,525,000$266,000
Ronald HunterHead Basketball Coach
Highest-paid employee
40$1,267,000$49,000
Dr P DennarPhysician
Highest-paid employee
40$1,307,000$0
Dr J Thompson JrPhysician
Highest-paid employee
40$1,180,000$56,000
Dr A DumontPhysician
Highest-paid employee
40$1,109,000$55,000
Patrick NortonCOO and Treasurer of the University
Officer
40$877,000$142,000
Dr L HammSenior VP and Dean of Medicine
Officer
40$857,000$63,000
Robin FormanSenior VP for Academic Affairs and Provost
Officer
40$825,000$64,000
Dr F SavoiePhysician
Former
40$824,000$42,000
Troy DannenAthletic Director
Former
40$687,000$74,000
Virginia WiseSenior VP for Advancement
Officer
40$610,000$115,000
Victoria JohnsonGeneral Counsel
Officer
40$642,000$59,000
Elizabeth Brown-AigeldingerSecretary of the University
Officer
40$479,000$69,000
James WandlingUniversity Controller
Officer
40$253,000$35,000
Satyajit DattaguptaFormer Vice President for Enrollment Management
Former
40$251,000$19,000
Jonathan SmallVice President of Human Resources and Institutional Equity
Officer
40$227,000$20,000
Shawn AbbottVice President of Enrollment Management
Key employee
40$160,000$3,000
Dr Steven PaulVoting Board Member
Trustee or director
0$0$0
Donald Peters JrVoting Board Member
Trustee or director
0$0$0
Irwin SimonVoting Board Member
Trustee or director
0$0$0
Ann TenenbaumVoting Board Member
Trustee or director
0$0$0
Michael CorasanitiVice Chair
Trustee or director
0$0$0
Dr Jeffrey BalserVoting Board Member
Trustee or director
0$0$0
Brad BeersVoting Board Member
Trustee or director
0$0$0
Glenn DardenVoting Board Member
Trustee or director
0$0$0
Michelle DienerVoting Board Member
Trustee or director
0$0$0
Arnold DonaldVoting Board Member
Trustee or director
0$0$0
David EdwardsVoting Board Member
Trustee or director
0$0$0
Stephanie FeoliVoting Board Member
Trustee or director
0$0$0
Timothy FrancisVoting Board Member
Trustee or director
0$0$0
Suzanne GrantVoting Board Member
Trustee or director
0$0$0
Dr Robert GrossmanVoting Board Member
Trustee or director
0$0$0
Lisa JacksonVoting Board Member
Trustee or director
0$0$0
Jennifer KottlerVoting Board Member
Trustee or director
0$0$0
Barry MalkinVoting Board Member
Trustee or director
0$0$0
William MarkoVoting Board Member
Trustee or director
0$0$0
E Pierce Marshall JrVoting Board Member
Trustee or director
0$0$0
Michael McKeeverVoting Board Member
Trustee or director
0$0$0
David MussaferVoting Board Member
Trustee or director
0$0$0
Elizabeth AlexanderVoting Board Member
Trustee or director
0$0$0
Regina BenjaminVoting Board Member
Trustee or director
0$0$0
Richard LernerVoting Board Member
Trustee or director
0$0$0
Martha MurphyVoting Board Member
Trustee or director
0$0$0
Mark TiptonVoting Board Member
Trustee or director
0$0$0
Gayle BensonVoting Board Member
Trustee or director
0$0$0
Dr Trivia FrazierVoting Board Member
Trustee or director
0$0$0
Kim BoyleVoting Board Member
Trustee or director
0$0$0
Michael RubensteinVoting Board Member
Trustee or director
0$0$0
Kate WilliamsonVoting Board Member
Trustee or director
0$0$0
David ZhangVoting Board Member
Trustee or director
0$0$0
Albert Small JrVice Chair
Officer
0$0$0
Wayne LeeVice Chair
Officer
0$0$0
Carol BernickChair
Officer
0$0$0

Address and contacts

Address (IRS master file)
6823 ST CHARLES AVE, NEW ORLEANS, LA 70118-5665
In care of
% VICTORIA JOHNSON
Mailing address (990-N for 2007)
3434 Magazine Street, New Orleans LA 701152413
Principal officer (990 for 2024)
President Michael Fitts, 6823 St Charles Ave, New Orleans, LA 70118
Principal officer (990-N for 2007)
Lynn Luker Esq, 3434 Magazine Street, New Orleans LA 701152413
Signed the 990
Jim Wandling, University Controller
Phone
(504) 862-8000

Mission

Higher Education, Research and Public Service.

990 for the year ended June 30, 2025

Program accomplishments

  • Higher Education: Operation of a Private University: This category includes expenditures for all activities that are part of the institutions instruction program. Expenditures for credit and non-credit courses, for academic, occupational, and vocational instruction and for regular, special and extended sessions are included. The instruction program encompasses 14,664 students participating in undergraduate, graduate, and professional degree programs in the fields of liberal arts, science and engineering, architecture, business, law, social work, medicine and public health and tropical medicine. Also included in this category are all forms of student aid and expenditures for the education and support of students.
    Expenses $1,147,957,000 · grants $245,479,000 · revenue $1,603,809,000
  • Higher Education: Public Service: This category includes all expenditures for the public service component of the academic mission of the university. Public service is a core requirement of the undergraduate curriculum. Note that some of the sponsored activities included in the Organized Research achievement could also be described as Public Service. These include the operation of medical and law clinics that serve the underprivileged, and certain development work overseas. (14,664 students)
    Expenses $62,960,000 · revenue $4,203,000
  • Higher Education: Organized Research: This category includes all expenditures for all activities that are part of the university's research program, which includes activities specifically organized to produce research outcomes, whether commissioned by an agency external to the institution or separately budgeted by an organizational unit within the institution. Subject to those conditions, it includes expenditures for individual and/or project research as well as those of institutes and research centers (over 1,000 Federal and State awards).
    Expenses $199,187,000 · revenue $196,634,000
  • Higher Education: Auxiliary Enterprises: This category includes services that support educational activities and athletic expenditures. Services include bookstore, student housing, vending and food administration and campus recreation. (14,387 students)
    Expenses $101,577,000 · revenue $97,957,000

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 yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
72-0423889
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
1979
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B430)
Assets (IRS master file)
$4,622,624,000
Income (IRS master file)
$2,172,290,000

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$1,943,508,000$1,755,227,000$4,622,624,000IRS
990-TJune 2025–––IRS
990June 2024$1,798,067,000$1,669,348,000$4,312,796,000IRS
990-TJune 2024–––IRS
990June 2023$1,674,159,000$1,529,244,000$3,962,345,000XML
990-TJune 2023–––IRS
990June 2022$1,639,844,000$1,453,849,000$3,709,652,000IRS
990-TJune 2022–––IRS
990June 2021–––IRS
990-TJune 2021–––IRS
990June 2020–––IRS
990June 2018–––IRS
990-N for 2007
Officer: Lynn Luker Esq
June 30, 2008≤ $50,000 receipts––e-Postcard

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 72-0423889).

Questions about THE ADMINISTRATORS OF THE TULANE EDUCATIONAL FUND

What is the EIN of THE ADMINISTRATORS OF THE TULANE EDUCATIONAL FUND?
The employer identification number (EIN) of THE ADMINISTRATORS OF THE TULANE EDUCATIONAL FUND is 72-0423889.
Is THE ADMINISTRATORS OF THE TULANE EDUCATIONAL FUND tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1979.
Are donations to THE ADMINISTRATORS OF THE TULANE EDUCATIONAL FUND tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does THE ADMINISTRATORS OF THE TULANE EDUCATIONAL FUND 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 THE ADMINISTRATORS OF THE TULANE EDUCATIONAL FUND 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 THE ADMINISTRATORS OF THE TULANE EDUCATIONAL FUND 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 THE ADMINISTRATORS OF THE TULANE EDUCATIONAL FUND?
The 990 for the year ended June 30, 2025 names President Michael Fitts.
Who are the officers and directors of THE ADMINISTRATORS OF THE TULANE EDUCATIONAL FUND?
The 990 for the year ended June 30, 2025 lists 56 people; 19 received compensation from the organization, the highest $3,017,000 (Jonathan Sumrall, Head Football Coach).
How much revenue does THE ADMINISTRATORS OF THE TULANE EDUCATIONAL FUND have?
On its 990 for the year ended June 30, 2025 it reported revenue of $1,943,508,000, expenses of $1,755,227,000 and total assets of $4,622,624,000 at year end.

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