Merrimack College

Organization Overview

Merrimack College is located in North Andover, MA. The organization was established in 1947. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Merrimack College employed 2,059 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Merrimack College is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, Merrimack College generated $259.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 10.0% each year. All expenses for the organization totaled $240.5m during the year ending 06/2021. While expenses have increased by 9.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

MERRIMACK COLLEGE IS A COMPREHENSIVE, CATHOLIC AUGUSTINIAN INSTITUTION OF HIGHER EDUCATION.

Describe the Organization's Program Activity:

EDUCATIONAL INSTRUCTION: MERRIMACK COLLEGE OFFERS UNDERGRADUATE AND GRADUATE DEGREES IN THE LIBERAL ARTS, BUSINESS, SCIENCE AND ENGINEERING, HEALTH SCIENCE, AND EDUCATION PROGRAMS. THE COLLEGE COMMUNITY INCLUDES OVER 4,000 UNDERGRADUATE STUDENTS AND OVER 1,000 GRADUATE STUDENTS.


AUXILIARY SERVICES: A PRIMARILY RESIDENTAL COLLEGE, MERRIMACK HOUSES STUDENTS IN A VARIETY OF LIVING ARRANGEMENTS, FROM RESIDENCE HALLS FOR FIRST-YEAR STUDENTS TO APARTMENTS FOR SENIORS. RESIDENTIAL LIFE PROVIDES A LIVING/LEARNING ENVIRONMENT, PROMOTING PERSONAL GROWTH AND ENCOURAGING STUDENTS TO DEVELOP THEIR WHOLE SELVES. MERRIMACK DINING SERVICE SEEKS TO PROVIDE THE FINEST QUALITY MEALS AND SERVICES TO THE ENTIRE MERRIMACK COMMUNITY: STUDENTS, FACULTY, STAFF AND GUESTS. THE COLLEGE ALSO HAS ATHLETIC FACILITIES, INCLUDING SOFTBALL, FOOTBALL, BASKETBALL AND AN ICE RINK.


STUDENT SERVICES: MERRIMACK COLLEGE PROVIDES VARIOUS SERVICES TO THE STUDENT BODY, INCLUDING COUNSELING, CAREER GUIDANCE, FINANCIAL AID, REGISTRAR, STUDENT ACTIVITIES, CAMPUS MINISTRY, HEALTH SERVICES AND ATHLETIC PROGRAMS.


ACADEMIC SUPPORT EXPENDITURES


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Meteor Learning Inc
Professional Services
$4,214,216
On-site Medical Services Llc
Medical Services
$1,319,643
Athletic Facility Administration
Professional Services
$600,374
Jenzabar Inc
It Services
$417,410
Dgi Communications Llc
Audio Visual Services
$403,806
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$47,025
Related organizations$0
Government grants $8,880,405
All other contributions, gifts, grants, and similar amounts not included above$7,232,214
Noncash contributions included in lines 1a–1f $1,100,227
Total Revenue from Contributions, Gifts, Grants & Similar$16,159,644
Total Program Service Revenue$234,618,737
Investment income $1,271,008
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $4,386,209
Net Income from Fundraising Events -$12,667
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $259,690,431

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Merrimack College has recieved totaling $1,650.

Awarding OrganizationAmount
$1,650
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$55,666,092
Earnings$17,443,395
Net Contributions$3,894,656
Other Expense$1,337,559
Grants$1,547,349
Ending Balance$74,119,235

Peer Organizations

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$299,300,711
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$275,696,398
Colgate University Treasurers Office
Hamilton, NY
$378,114,548
Trustees Of The College Of The Holy Cross
Worcester, MA
$265,241,305
Babson College
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$304,101,925

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