Cooper Union For The Advancement Of Science And Art
- Assets
- $1.2b
- Revenue
- $135.6m
- Investments
- $874.9m
- Employees
- 912
- Location
- New York, NY
- Founding
- 08/1954
- Data as of
- 06/2021
- EIN
- 13-5562985
Organization Overview
Cooper Union For The Advancement Of Science And Art is located in New York, NY. The organization was established in 1954. 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, Cooper Union For The Advancement Of Science And Art employed 912 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cooper Union For The Advancement Of Science And Art 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, Cooper Union For The Advancement Of Science And Art generated $135.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $109.8m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE OTHE COOPER UNION FOR THE ADVANCEMENT OF SCIENCE AND ART IS AN ALL-HONORS COLLEGE THAT OFFERS DEGREES IN ENGINEERING, ARCHITECTURE AND FINE ARTS.
Describe the Organization's Program Activity:
INSTRUCTION: THE COOPER UNION FOR THE ADVANCEMENT OF SCIENCE AND ART IS AMONG THE UNITED STATES' OLDEST AND MOST DISTINGUISHED HIGHER EDUCATION INSTITUTIONS. IT IS COMPRISED OF THREE PROFESSIONAL SCHOOLS: ARCHITECTURE, ART, AND ENGINEERING; AND A FACULTY OF HUMANITIES AND SOCIAL SCIENCES. (CONTINUED ON SCHEDULE O)THE COLLEGE ADMITS UNDERGRADUATES SOLELY ON MERIT AND HISTORICALLY AWARDED FULL-TUITION SCHOLARSHIPS TO ALL ENROLLED STUDENTS. FOLLOWING A PROVISIONAL REDUCTION IN 2014 OF SCHOLARSHIPS TO 50% OF TUITION DUE TO FISCAL REASONS, THE COLLEGE IS NOW EXECUTING A BOARD-APPROVED PLAN TO RESUME ITS PRACTICE OF AWARDING FULL-TUITION SCHOLARSHIPS TO ALL ENROLLED STUDENTS. THE INSTITUTION PROVIDES STUDENTS CLOSE CONTACT WITH A DISTINGUISHED, CREATIVE FACULTY AND FOSTERS RIGOROUS, HUMANISTIC LEARNING THAT IS ENHANCED BY THE PROCESS OF DESIGN AND AUGMENTED BY THE URBAN SETTING. ENROLLMENT FOR THE 2020-2021 ACADEMIC YEAR WAS 835 UNDERGRADUATE STUDENTS AND 90 GRADUATE STUDENTS.
RESIDENCE LIFE: THE COOPER UNION STUDENT RESIDENCE OFFERS APARTMENT-STYLE HOUSING TO 77 STUDENTS (CAPACITY WAS REDUCED DUE TO THE COVID-19 PANDEMIC). THE FACILITY IS STAFFED BY PROFESSIONAL AND GRADUATE STUDENT STAFF AND SEVEN UNDERGRADUATE RESIDENT ASSISTANTS. THE HOUSING AND RESIDENTIAL EDUCATION STAFF HOSTS SOCIAL, EDUCATIONAL, AND CULTURAL PROGRAMS AIMED AT BUILDING A STRONG COMMUNITY, INCREASING APPRECIATION FOR DIVERSE BACKGROUNDS AND PERSPECTIVES, AND HELPING STUDENTS TRANSITION TO LIFE IN NEW YORK CITY AND AT THE COOPER UNION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Sparks President | Officer | 35 | $510,800 |
Barry Shoop Dean/prof. Of Engineering | Officer | 35 | $354,419 |
Nader Tehrani Dean/prof. Of Architecture | 35 | $295,858 | |
Natalie Brooks Chief Talent Officer | Officer | 35 | $292,073 |
Mark Campbell Vp-Enrollment | Officer | 35 | $286,406 |
Elizabeth Griffin Dean/prof. Of Hss | 35 | $269,585 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Universal Protection Serv Security Services | 6/29/21 | $1,185,283 |
Dwd Builders Inc Construction | 6/29/21 | $1,127,490 |
Ug2 Llc Custodial Services | 6/29/21 | $1,320,420 |
Savills Inc Legal Services | 6/29/21 | $375,000 |
Manhattan Business Interiors Construction | 6/29/21 | $1,070,791 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $390,254 |
| Related organizations | $0 |
| Government grants | $1,396,031 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,405,554 |
| Noncash contributions included in lines 1a–1f | $523,273 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,191,839 |
| Total Program Service Revenue | $41,578,189 |
| Investment income | $61,812,584 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,156,740 |
| Net Gain/Loss on Asset Sales | $15,660,900 |
| Net Income from Fundraising Events | -$183 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $135,635,048 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $26,502,801 |
| Grants and other assistance to Foreign Orgs/Individuals | $2,971,376 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,750,307 |
| Compensation of current officers, directors, key employees. | $1,434,766 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,011,945 |
| Pension plan accruals and contributions | $2,078,388 |
| Other employee benefits | $9,526,146 |
| Payroll taxes | $2,090,773 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $574,691 |
| Fees for services: Accounting | $146,652 |
| Fees for services: Lobbying | $24,459 |
| Fees for services: Fundraising | $39,000 |
| Fees for services: Investment Management | $3,276,036 |
| Fees for services: Other | $266,214 |
| Advertising and promotion | $77,817 |
| Office expenses | $3,170,751 |
| Information technology | $589,013 |
| Royalties | $0 |
| Occupancy | $5,980,663 |
| Travel | $73,135 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $229,736 |
| Interest | $12,246,355 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,482,509 |
| Insurance | $725,924 |
| All other expenses | $0 |
| Total functional expenses | $109,834,116 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,559,154 |
| Savings and temporary cash investments | $1,958,398 |
| Pledges and grants receivable | $5,232,319 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,957,480 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,584,526 |
| Net Land, buildings, and equipment | $133,001,410 |
| Investments—publicly traded securities | $129,542,596 |
| Investments—other securities | $874,901,223 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,192,737,106 |
| Accounts payable and accrued expenses | $50,380,729 |
| Grants payable | $0 |
| Deferred revenue | $100,697,287 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $219,452,631 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,294,114 |
| Total liabilities | $374,824,761 |
| Net assets without donor restrictions | -$123,493,447 |
| Net assets with donor restrictions | $941,405,792 |
| 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 | $1,192,737,106 |
Grants Recieved
Over the last fiscal year, we have identified 36 grants that Cooper Union For The Advancement Of Science And Art has recieved totaling $920,500.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: COMMUNITY OUTREACH & ENRICHMENT PROGRAMS | $150,000 |
Sherman Fairchild Foundation Inc Chevy Chase, MD PURPOSE: ARTS & TECHNOLOGY-PHASE V | $140,409 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $125,514 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $60,800 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $60,800 |
Foundation To Promote Open Society New York, NY PURPOSE: TO SUPPORT THE COOPER UNION SCHOOL OF ART'S INTRA-DISCIPLINARY SEMINAR, A SERIES OF LECTURES, OPEN TO AND FREE FOR THE PUBLIC, BY ARTISTS, THEORISTS, ACTIVISTS, DESIGNERS, WRITERS, CURATORS AND OTHER PRACTITIONERS INVOLVED IN THE ARTS FROM POSITIONS THAT EMBODY AN INTERDISCIPLINARY APPROACH OR THAT IMPLY NEW USES FOR DISCIPLINARY TRADITIONS | $52,000 |
Endowment Analysis
| Beg. Balance | $867,509,372 |
| Earnings | $108,531,984 |
| Net Contributions | $2,088,925 |
| Grants | $58,148,537 |
| Ending Balance | $919,981,744 |
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 |