College Of Mount Saint Vincent
- Assets
- $139.4m
- Revenue
- $110.0m
- Investments
- $24.7m
- Employees
- 1,209
- Location
- Riverdale, NY
- Founding
- 06/1970
- Data as of
- 06/2022
- EIN
- 13-1740445
Organization Overview
College Of Mount Saint Vincent is located in Riverdale, NY. The organization was established in 1970. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2022, College Of Mount Saint Vincent employed 1,209 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. College Of Mount Saint Vincent 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 06/2022, College Of Mount Saint Vincent generated $110.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $104.7m during the year ending 06/2022. While expenses have increased by 10.4% per year over the past 7 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
FOUNDED BY THE SISTERS OF CHARITY OF NEW YORK, THE COLLEGE OF MOUNT (CONTINUED ON SCHEDULE O). SAINT VINCENT IS AN ACADEMICALLY EXCELLENT, AUTHENTICALLY INCLUSIVE, CATHOLIC AND ECUMENICAL LIBERAL ARTS COLLEGE.
Describe the Organization's Program Activity:
COLLEGE OF MOUNT SAINT VINCENT IS A SCHOOL OF HIGHER EDUCATION FORMED IN THE CATHOLIC TRADITION, BUT NONSECTARIAN. WE HAVE A DIVERSE STUDENT POPULATION BOTH ETHNICALLY AND ECONOMICALLY. WE OFFER 3 ASSOCIATE, 25 BACCALAUREATE, AND 8 GRADUATE MAJORS. WE AWARD B.A. AND B.S. DEGREES ON THE UNDERGRADUATE LEVEL. IN ADDITION, WE AWARD POST-GRADUATE CERTIFICATES, M.S. AND M.B.A. DEGREES ON THE GRADUATE LEVEL.(CONT. IN SCH.O)OUR STUDENT BODY IS COMPOSED OF MORE THAN 1,800 FULL AND PART-TIME STUDENTS. THE COLLEGE OFFERS FULL-TIME STUDENTS A RESIDENCE PROGRAM DESIGNED TO ENHANCE THEIR ENGAGEMENT, LEARNING, AND CITIZENSHIP. COLLEGE MAINTAINS FIVE RESIDENCE HALLS, EACH HOUSING BETWEEN 75 AND 250 STUDENTS AND OFFERING A VARIETY OF AMENITIES, INCLUDING STUDY-LOUNGES, KITCHENETTES, AND LAUNDRY ROOMS. WE HAVE AN EDUCATION CENTER IN QUEENS, NY WHICH IS USED FOR AN ACCELERATED NURSING DEGREE PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan R Burns President | OfficerTrustee | 40 | $338,930 |
Charles L Flynn President Emeritus | 20 | $218,144 | |
Lynne Bongiovanni Provost | Officer | 40 | $215,673 |
Madeleine Melkonian Svp/admission & Ext. Relation | 40 | $208,296 | |
Abed Elkeshk Senior Evp, Treasurer & CFO | Officer | 40 | $204,156 |
James Burkee VP For Strategic Initiatives | 40 | $167,289 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
August Construction Group Inc Construction | 6/29/22 | $3,449,972 |
Diamond Builders Group Construction | 6/29/22 | $2,035,515 |
Pepcon Construction | 6/29/22 | $633,977 |
Griffith Construction Corp Construction | 6/29/22 | $1,899,347 |
Assessment Technologies Institute Llc Test Preparation | 6/29/22 | $834,645 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $235,347 |
| Related organizations | $0 |
| Government grants | $11,767,452 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,996,290 |
| Noncash contributions included in lines 1a–1f | $629,979 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,999,089 |
| Total Program Service Revenue | $93,162,679 |
| Investment income | $339,361 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $506,289 |
| Net Gain/Loss on Asset Sales | $527,397 |
| Net Income from Fundraising Events | $148,436 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$48,697 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $110,010,056 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $37,254,543 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $921,456 |
| Compensation of current officers, directors, key employees. | $684,112 |
| Compensation to disqualified persons | $136,769 |
| Other salaries and wages | $29,167,225 |
| Pension plan accruals and contributions | $898,045 |
| Other employee benefits | $2,747,051 |
| Payroll taxes | $2,227,474 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $333,693 |
| Fees for services: Accounting | $365,062 |
| Fees for services: Lobbying | $499 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $105,868 |
| Fees for services: Other | $1,454,870 |
| Advertising and promotion | $303,320 |
| Office expenses | $1,083,671 |
| Information technology | $1,103,361 |
| Royalties | $0 |
| Occupancy | $3,791,350 |
| Travel | $420,239 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $54,838 |
| Interest | $288,818 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,169,305 |
| Insurance | $981,660 |
| All other expenses | $2,588,708 |
| Total functional expenses | $104,660,356 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,312 |
| Savings and temporary cash investments | $13,960,611 |
| Pledges and grants receivable | $3,138,950 |
| Accounts receivable, net | $2,434,462 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $585,967 |
| Inventories for sale or use | $145,545 |
| Prepaid expenses and deferred charges | $249,574 |
| Net Land, buildings, and equipment | $76,017,778 |
| Investments—publicly traded securities | $13,246,641 |
| Investments—other securities | $24,723,325 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,939,152 |
| Total assets | $139,449,317 |
| Accounts payable and accrued expenses | $3,514,105 |
| Grants payable | $0 |
| Deferred revenue | $3,425,280 |
| Tax-exempt bond liabilities | $19,575,114 |
| Escrow or custodial account liability | $981,005 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $12,815,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,255,687 |
| Total liabilities | $46,566,191 |
| Net assets without donor restrictions | $59,924,687 |
| Net assets with donor restrictions | $32,958,439 |
| 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 | $139,449,317 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that College Of Mount Saint Vincent has recieved totaling $290,401.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $120,521 |
Community Foundation Of New Jersey Morristown, NJ PURPOSE: GENERAL SUPPORT | $100,000 |
Blossom Hill Foundation Inc New Canaan, CT PURPOSE: Sponsor fellows | $17,000 |
A Williams Tr Uw T1639 Residuary Trust Charities Chicago, IL PURPOSE: GENERAL | $16,000 |
The Bessemer Giving Fund Woodbridge, NJ PURPOSE: GENERAL SUPPORT | $10,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $9,380 |
Endowment Analysis
| Beg. Balance | $46,613,086 |
| Earnings | -$6,222,247 |
| Net Contributions | $2,314,915 |
| Other Expense | $1,251,948 |
| Ending Balance | $41,453,806 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Berklee College Of Music Inc Boston, MA | $854,558,047 | $384,612,408 |
Ithaca College Ithaca, NY | $834,703,732 | $365,679,639 |
Trustees Of Amherst College Amherst, MA | $4,260,760,426 | $407,702,412 |
Wellesley College Wellsley, MA | $4,125,529,097 | $515,515,442 |
Touro University New York, NY | $558,489,117 | $321,976,604 |
Williams College Williamstown, MA | $5,589,417,372 | $397,351,793 |
Wesleyan University Middletown, CT | $1,706,429,000 | $326,592,000 |
Saint Josephs University Philadelphia, PA | $901,366,941 | $347,052,680 |
Emerson College Boston, MA | $1,139,244,716 | $275,696,398 |
Colgate University Treasurers Office Hamilton, NY | $1,984,946,016 | $378,114,548 |
Trustees Of The College Of The Holy Cross Worcester, MA | $1,320,181,892 | $265,241,305 |
Babson College Babson Park, MA | $1,084,295,364 | $304,101,925 |