Clark University
- Assets
- $718.5m
- Revenue
- $181.3m
- Investments
- $501.5m
- Employees
- 2,438
- Location
- Worcester, MA
- Founding
- 12/1937
- Data as of
- 05/2021
- EIN
- 04-2111203
Organization Overview
Clark University is located in Worcester, MA. The organization was established in 1937. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 05/2022, Clark University employed 2,438 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clark University 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 05/2021, Clark University generated $181.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $199.5m during the year ending 05/2021. While expenses have increased by 3.0% 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.
Since 2015, Clark University has awarded 101 individual grants totaling $7,628,118. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CLARK UNIVERSITY'S MISSION IS TO EDUCATE UNDERGRADUATE AND GRADUATE (CONTINUED ON SCHEDULE O) STUDENTS TO BE IMAGINATIVE AND CONTRIBUTING CITIZENS OF THE WORLD, AND TO ADVANCE THE FRONTIERS OF KNOWLEDGE AND UNDERSTANDING THROUGH RIGOROUS SCHOLARSHIP AND CREATIVE EFFORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION AND ACADEMIC SUPPORT: CLARK'S FALL 2021 ENROLLMENT CONSISTED OF 2,305 UNDERGRADUATES AND 1,066 GRADUATE STUDENTS. OUR MOTTO - AND MISSION - IS "CHALLENGE CONVENTION; CHANGE OUR WORLD", AND OUR FACULTY MEMBERS WORK TO INSPIRE THEIR STUDENTS TO UTILIZE THEIR LIBERAL ARTS BASED EDUCATION TO MAKE A REAL DIFFERENCE IN THE COMMUNITIES IN WHICH THEY LIVE AND WORK. WE ALSO HAVE STRONG GRADUATE PROGRAMS, WHICH INCLUDE MASTERS' LEVEL DEGREES AND EIGHT PHD PROGRAMS.
RESEARCH: CLARK IS COMMITTED TO A PROGRAM OF RESEARCH AND HAS A VERY PROFESSIONALLY ACTIVE FACULTY, VIRTUALLY ALL OF WHOM ARE ENGAGED IN SPONSORED OR UNSPONSORED RESEARCH AND CREATIVE ACTIVITY. UNDERGRADUATE AND GRADUATE STUDENTS PARTICIPATE EXTENSIVELY IN FACULTY-DIRECTED RESEARCH. RESEARCH IS FUNDED BY BOTH PRIVATE AND PUBLIC GRANTS.
FINANCIAL AID: CLARK IS COMMITTED TO BEING AFFORDABLE TO THOSE STUDENTS ABLE TO MEET THE HIGH ACADEMIC EXPECTATIONS OF OUR FACULTY. APPROXIMATELY 95% OF UNDERGRADUATE STUDENTS RECEIVE SOME LEVEL OF FINANCIAL ASSISTANCE, WHICH IS DISTRIBUTED ON THE BASIS OF BOTH MERIT AND FINANCIAL NEED.
AUXILIARY SERVICES INCLUDES PROVIDING HIGH QUALITY RESIDENCE HALLS, FOOD SERVICE, AND CAMPUS STORE SERVICES TO CLARK STUDENTS.STUDENT SERVICES PROGRAMS SUPPORT AN ENVIRONMENT FOR STUDENTS THAT ENCOURAGES THEM TO BECOME ACTIVE, INVOLVED AND RESPONSIBLE CITIZENS IN GLOBAL COMMUNITIES. RESOURCES ARE EXPENDED TO PROVIDE SUPPORT TO STUDENTS IN ACHIEVING THEIR NON-ACADEMIC GOALS AND PROVIDING A BALANCED AND HEALTHY SOCIAL ENVIRONMENT.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Fithian President | Officer | 40 | $859,739 |
Jeffrey Hite Gillooly Vice President Of Advancement | Officer | 40 | $437,084 |
Danielle Manning Executive Vice President & Treasurer | Officer | 40 | $370,276 |
Davis Baird Provost (thru 06/2021) | Officer | 40 | $353,775 |
Alan Eisner Dean School Of Management | 40 | $347,126 | |
John Labrie Asc Provost/dean Of Prof Studies | 40 | $295,496 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Inc Affiliates Food Services | 5/30/22 | $5,303,746 |
Clinical Research Sequencing Platform Ll Covid Testing | 5/30/22 | $2,099,100 |
Hall Capital Partners Llc Investment Firm Fees | 5/30/22 | $1,445,641 |
Public Consulting Group Inc Grant Research | 5/30/22 | $1,196,366 |
A&m Construction Co Inc Construction - Sackler | 5/30/22 | $1,053,628 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,693,629 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,726,660 |
| Noncash contributions included in lines 1a–1f | $322,802 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,420,289 |
| Total Program Service Revenue | $157,322,538 |
| Investment income | $520,327 |
| Tax Exempt Bond Proceeds | $51 |
| Royalties | $192,409 |
| Net Rental Income | $231,880 |
| Net Gain/Loss on Asset Sales | $762,889 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $181,293,663 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $316,596 |
| Grants and other assistance to domestic individuals. | $75,925,387 |
| Grants and other assistance to Foreign Orgs/Individuals | $70,258 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,576,480 |
| Compensation of current officers, directors, key employees. | $2,563,486 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $59,680,589 |
| Pension plan accruals and contributions | $4,209,493 |
| Other employee benefits | $8,308,901 |
| Payroll taxes | $4,001,368 |
| Fees for services: Management | $645,645 |
| Fees for services: Legal | $590,133 |
| Fees for services: Accounting | $240,379 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,200,228 |
| Fees for services: Other | $11,743,241 |
| Advertising and promotion | $816,209 |
| Office expenses | $3,246,553 |
| Information technology | $2,174,802 |
| Royalties | $1,068,612 |
| Occupancy | $4,711,848 |
| Travel | $79,474 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $328,679 |
| Interest | $762,998 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,868,047 |
| Insurance | $691,165 |
| All other expenses | $257,550 |
| Total functional expenses | $199,499,597 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $790,674 |
| Savings and temporary cash investments | $62,107,881 |
| Pledges and grants receivable | $6,196,054 |
| Accounts receivable, net | $1,756,468 |
| Loans from Officers, Directors, or Controlling Persons | $150,000 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,784,765 |
| Inventories for sale or use | $464,871 |
| Prepaid expenses and deferred charges | $2,291,785 |
| Net Land, buildings, and equipment | $103,973,051 |
| Investments—publicly traded securities | $22,443,335 |
| Investments—other securities | $501,482,343 |
| Investments—program-related | $2,750,586 |
| Intangible assets | $0 |
| Other assets | $7,329,431 |
| Total assets | $718,521,244 |
| Accounts payable and accrued expenses | $19,052,976 |
| Grants payable | $0 |
| Deferred revenue | $10,399,711 |
| Tax-exempt bond liabilities | $56,219,210 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $20,776,992 |
| Total liabilities | $106,448,889 |
| Net assets without donor restrictions | $152,715,677 |
| Net assets with donor restrictions | $459,356,678 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $718,521,244 |
Grants Awarded
Over the last fiscal year, Clark University has awarded $530,126 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
VIRGINIA POLYTECHNIC INSTITUTE AND STATE UNIVERSITY PURPOSE: RESEARCH/TRAINING | $85,642 |
Pittsburgh, PA PURPOSE: RESEARCH/TRAINING | $55,000 |
UNIVERSITY OF HAWAII PURPOSE: RESEARCH | $53,835 |
Portland, OR PURPOSE: RESEARCH/TRAINING | $49,566 |
CITY OF WORCESTER PURPOSE: RESEARCH/TRAINING | $48,118 |
El Paso, TX PURPOSE: RESEARCH/TRAINING | $44,980 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Clark University has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Kenneth O Nelson And Janet C Nelson Scholarship Fund Tr Uad 5-23-06 Bordentown, NJ PURPOSE: SCHOLARSHIP | $20,000 |
Endowment Analysis
| Beg. Balance | $506,185,358 |
| Earnings | -$135,179 |
| Admin Expense | $2,193,138 |
| Net Contributions | $4,737,283 |
| Other Expense | $13,761,323 |
| Grants | $7,663,936 |
| Ending Balance | $487,169,066 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fordham University Bronx, NY | $2,430,141,698 | $953,892,663 |
Rochester Institute Of Technology Rochester, NY | $2,526,196,996 | $1,071,324,345 |
St Johns University New York Jamaica, NY | $1,703,677,283 | $798,473,536 |
Rensselaer Polytechnic Institute Troy, NY | $1,598,843,813 | $653,047,178 |
Rockefeller University New York, NY | $4,263,008,941 | $535,346,959 |
The New School New York, NY | $1,263,076,833 | $558,997,855 |
Hofstra University Hempstead, NY | $1,538,245,078 | $606,887,297 |
American University Of Beirut New York, NY | $1,902,791,001 | $608,300,843 |
Quinnipiac University Hamden, CT | $1,807,258,104 | $531,949,834 |
Brandeis University Waltham, MA | $1,811,655,582 | $399,602,478 |
Johnson & Wales University Providence, RI | $913,541,997 | $403,272,641 |
Bar Ilan University In Israel New York, NY | $542,311,841 | $462,229,998 |