College Of Saint Rose
- Assets
- $166.5m
- Revenue
- $121.5m
- Investments
- $19.6m
- Employees
- 1,224
- Location
- Albany, NY
- Founding
- 02/1938
- Data as of
- 06/2021
- EIN
- 14-1338371
Organization Overview
College Of Saint Rose is located in Albany, NY. The organization was established in 1938. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2022, College Of Saint Rose employed 1,224 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. College Of Saint Rose 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, College Of Saint Rose generated $121.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $120.4m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HIGHER EDUCATIONAL OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COLLEGE PROVIDES POST-SECONDARY EDUCATION TO BOTH UNDERGRADUATE AND GRADUATE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Carolyn J Stefanco Former President | 0 | $343,915 | |
Ms Marcia J White President | Officer | 55 | $292,262 |
Dr Margaret Mclane Provost/vp Academic Affairs | Officer | 56 | $180,597 |
Dr Ian Macdonald Dean Math/science | 60 | $154,426 | |
Ms Debra Lee Polley VP Finance/admin/treasurer | Officer | 56 | $156,506 |
Ms Elizabeth Haley Thomson Secretary/chief Of Staff | Officer | 58 | $161,173 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Food Service Management | 6/29/22 | $3,707,103 |
Carousel Industries Licensing Services | 6/29/22 | $573,298 |
Whiteman Osterman & Hanna Lp Legal Services | 6/29/22 | $422,745 |
Elevation Ten Thousand Web Hosting | 6/29/22 | $343,170 |
Usherwood Office Tech Mail And Printing Services | 6/29/22 | $401,441 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,051,876 |
| Investment income | $221,956 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,569,022 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $121,507,567 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $48,772,631 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $803,441 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $31,516,719 |
| Pension plan accruals and contributions | $917,192 |
| Other employee benefits | $6,534,692 |
| Payroll taxes | $2,341,919 |
| Fees for services: Management | $385,906 |
| Fees for services: Legal | $188,894 |
| Fees for services: Accounting | $112,425 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $155,924 |
| Fees for services: Investment Management | $100,924 |
| Fees for services: Other | $3,058,987 |
| Advertising and promotion | $609,180 |
| Office expenses | $528,592 |
| Information technology | $1,470,548 |
| Royalties | $0 |
| Occupancy | $1,092,618 |
| Travel | $36,991 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,949,857 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,257,559 |
| Insurance | $907,429 |
| All other expenses | $0 |
| Total functional expenses | $120,376,092 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,000,427 |
| Pledges and grants receivable | $1,125,971 |
| Accounts receivable, net | $4,205,483 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $287,600 |
| Prepaid expenses and deferred charges | $1,332,882 |
| Investments—publicly traded securities | $24,547,182 |
| Investments—other securities | $19,601,419 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,675,444 |
| Total assets | $166,488,955 |
| Accounts payable and accrued expenses | $10,011,828 |
| Grants payable | $0 |
| Deferred revenue | $638,972 |
| Tax-exempt bond liabilities | $50,045,909 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,107,274 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,513,190 |
| Total liabilities | $65,317,173 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $101,171,782 |