Wagner College
- Assets
- $223.3m
- Revenue
- $116.3m
- Investments
- $11.1m
- Employees
- 1,210
- Location
- Staten Island, NY
- Founding
- 04/1948
- Data as of
- 08/2021
- EIN
- 13-5604699
Organization Overview
Wagner College is located in Staten Island, NY. The organization was established in 1948. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 08/2021, Wagner College employed 1,210 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wagner 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 08/2021, Wagner College generated $116.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $109.4m during the year ending 08/2021. 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
WAGNER COLLEGE PREPARES STUDENTS FOR LIFE, AS WELL AS FOR CAREERS, BY EMPHASIZING - SEE SCHEDULE O
Describe the Organization's Program Activity:
INSTRUCTION AND SCHOLARSHIPS/FELLOWSHIPS: WAGNER COLLEGE SERVES 2,043 STUDENTS (FALL 2020 SEMESTER). WAGNER OFFERS PROGRAMS IN HUMANITIES, PERFORMING AND VISUAL ARTS, PROFESSIONAL PROGRAMS, THE SCIENCES, SOCIAL SCIENCES AND INTERDISCIPLINARY PROGRAMS. THE COLLEGE GRANTS THE DEGREES OF BACHELOR OF ARTS, BACHELOR OF SCIENCE, BACHELOR OF SCIENCE IN EDUCATION, MASTER OF BUSINESS ADMINISTRATION, MASTER OF SCIENCE IN EDUCATION, MASTER OF SCIENCE IN ACCOUNTING, MASTER OF SCIENCE IN NURSING, MASTER OF SCIENCE IN MICROBIOLOGY, MASTER OF SCIENCE IN ADVANCED PHYSICIAN ASSISTANT, EXECUTIVE MASTER IN BUSINESS ADMINISTRATION, AND DOCTOR OF NURSING PRACTICE. SCHOLARSHIPS AND FELLOWSHIPS ARE AWARDED TO APPROXIMATELY 90% OF ALL FULL-TIME STUDENTS THROUGH THE COLLEGE'S FINANCIAL AID OFFICE.
STUDENT SERVICES AND ACADEMIC SUPPORT: STUDENT SERVICES FOR 2,043 STUDENTS INCLUDE DEAN OF STUDENTS, ACADEMIC ADVISEMENT, ADMISSIONS, CHAPLAIN, CAREER PLANNING, HEALTH SERVICES, FINANCIAL AID, ORIENTATION, REGISTRAR COUNSELING, STUDENT GOVERNMENT, STUDENT ACTIVITIES BOARD, CAMPUS LIFE, AND SECURITY, AS WELL AS ATHLETIC SERVICES CONSISTING OF 24 VARSITY SPORTS TEAMS FOR MEN AND WOMEN. ACADEMIC SUPPORT SERVICES FOR 2,043 STUDENTS INCLUDE ACADEMIC AFFAIRS, TECHNOLOGY SERVICES, LIBRARY, LANGUAGE LAB, MEDIA SERVICES, NURSING LAB, AND SPIRO COMPUTER LAB.
AUXILIARY SERVICES: WAGNER COLLEGE PROVIDES RESIDENCE AND DINING SERVICES TO APPROXIMATELY 80% OF FULL-TIME UNDERGRADUATE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Guarasci Former President And Trustee | 50 | $453,476 | |
Joel W Martin President And Trustee | OfficerTrustee | 50 | $392,351 |
John A Carrescia CFO & VP Of Finance & Admin | Officer | 50 | $243,073 |
Bashir B Mason Head Men's Basketball Coach | 50 | $218,127 | |
Angelo G Araimo Senior VP Planning And Enrollment | Officer | 50 | $202,418 |
Walter C Hameline Director Of Athletics | 50 | $194,126 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Triboro Contracting & Remodeling Construction Services | 8/30/21 | $600,772 |
Omundsen Construction Corp Construction Services | 8/30/21 | $248,185 |
Dnp Builders Construction Services | 8/30/21 | $621,963 |
Jenzabar Software/comp Svcs | 8/30/21 | $395,489 |
Chartwells Food Services | 8/30/21 | $4,236,331 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,722,653 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,338,419 |
| Noncash contributions included in lines 1a–1f | $136,900 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,061,072 |
| Total Program Service Revenue | $99,422,896 |
| Investment income | $2,293,528 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $100,000 |
| Net Gain/Loss on Asset Sales | $2,994,260 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $116,300,889 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $42,817,353 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,569,938 |
| Compensation of current officers, directors, key employees. | $926,263 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $25,364,957 |
| Pension plan accruals and contributions | $1,651,514 |
| Other employee benefits | $8,915,559 |
| Payroll taxes | $1,949,388 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $183,384 |
| Fees for services: Accounting | $149,747 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $346,189 |
| Fees for services: Other | $617,446 |
| Advertising and promotion | $85,145 |
| Office expenses | $7,725,356 |
| Information technology | $747,673 |
| Royalties | $0 |
| Occupancy | $4,174,560 |
| Travel | $743,767 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $71,380 |
| Interest | $1,428,257 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,456,673 |
| Insurance | $956,350 |
| All other expenses | $159,640 |
| Total functional expenses | $109,365,517 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $29,154,989 |
| Pledges and grants receivable | $315,597 |
| Accounts receivable, net | $4,111,212 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,780,912 |
| Inventories for sale or use | $63,434 |
| Prepaid expenses and deferred charges | $1,265,266 |
| Net Land, buildings, and equipment | $63,578,351 |
| Investments—publicly traded securities | $107,033,790 |
| Investments—other securities | $11,060,155 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,952,175 |
| Total assets | $223,315,881 |
| Accounts payable and accrued expenses | $3,487,825 |
| Grants payable | $0 |
| Deferred revenue | $17,468,651 |
| Tax-exempt bond liabilities | $40,958,935 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $7,824,165 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,879,517 |
| Total liabilities | $77,619,093 |
| Net assets without donor restrictions | $36,984,009 |
| Net assets with donor restrictions | $108,712,779 |
| 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 | $223,315,881 |
Grants Recieved
Over the last fiscal year, we have identified 20 grants that Wagner College has recieved totaling $837,401.
| Awarding Organization | Amount |
|---|---|
Northeast Conference Bridgewater, NJ PURPOSE: SPORTS SPONSORSHIP GRANT | $596,067 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $83,750 |
Hugoton Foundation New York, NY PURPOSE: FOR THE PURCHASE OF MEDICAL SUMULATION EQUIPMENT FOR THE NEW SIMULATION LAB | $40,000 |
John J Harmon Tr Chicago, IL PURPOSE: GENERAL | $34,723 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $20,000 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: EDUCATION | $11,000 |
Endowment Analysis
| Beg. Balance | $93,488,271 |
| Earnings | $16,512,788 |
| Net Contributions | $6,377,192 |
| Other Expense | $4,083,083 |
| Grants | $587,298 |
| Ending Balance | $111,707,870 |
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 |
Villanova University Villanova, PA | $2,287,455,797 | $872,271,471 |
Rensselaer Polytechnic Institute Troy, NY | $1,598,843,813 | $653,047,178 |
Rockefeller University New York, NY | $4,263,008,941 | $535,346,959 |
Lehigh University Bethlehem, PA | $3,057,301,515 | $713,288,867 |
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 |
Seton Hall University South Orange, NJ | $890,349,000 | $473,034,000 |