Siena College
- Assets
- $354.6m
- Revenue
- $210.1m
- Investments
- $136.0m
- Employees
- 2,078
- Location
- Loudonville, NY
- Founding
- 05/1948
- Data as of
- 05/2023
- EIN
- 14-1338498
Organization Overview
Siena College is located in Loudonville, NY. The organization was established in 1948. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 05/2023, Siena College employed 2,078 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Siena 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 05/2023, Siena College generated $210.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $203.6m during the year ending 05/2023. While expenses have increased by 3.5% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher P Gibson President | OfficerTrustee | 60 | $418,800 |
Thomas L Amell Trustee | Trustee | 1 | $0 |
Thomas J Baldwin Jr Trustee | Trustee | 10 | $0 |
Ronald E Bjorklund Trustee | Trustee | 2 | $0 |
David Brown Trustee | Trustee | 2 | $0 |
Thomas J Burke Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Avi Foodsystems Inc Food Services | 5/30/23 | $10,112,344 |
Creative Communications Associates Higher Education Marketing | 5/30/23 | $973,741 |
Two Oceans Education Partners Higher Education Marketing | 5/30/23 | $540,000 |
Reconmr-reconnaissance Market Research Survey/data Collection | 5/30/23 | $449,869 |
St Peter's Hospital Health Services Management | 5/30/23 | $480,732 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $252,417 |
| Related organizations | $0 |
| Government grants | $1,470,355 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,597,950 |
| Noncash contributions included in lines 1a–1f | $433,933 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,320,722 |
| Total Program Service Revenue | $187,617,170 |
| Investment income | $4,770,105 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $427,457 |
| Net Rental Income | -$106,318 |
| Net Gain/Loss on Asset Sales | $2,064,411 |
| Net Income from Fundraising Events | -$27,886 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $210,079,699 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,415 |
| Grants and other assistance to domestic individuals. | $82,255,559 |
| Grants and other assistance to Foreign Orgs/Individuals | $4,566,096 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,162,666 |
| Compensation of current officers, directors, key employees. | $707,971 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $51,612,159 |
| Pension plan accruals and contributions | $4,132,564 |
| Other employee benefits | $11,163,045 |
| Payroll taxes | $3,837,453 |
| Fees for services: Management | $503,961 |
| Fees for services: Legal | $200,281 |
| Fees for services: Accounting | $320,815 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $460,898 |
| Fees for services: Other | $5,883,181 |
| Advertising and promotion | $282,283 |
| Office expenses | $0 |
| Information technology | $249,857 |
| Royalties | $0 |
| Occupancy | $2,594,599 |
| Travel | $2,886,455 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $726,589 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,142,857 |
| Insurance | $1,364,961 |
| All other expenses | $2,411,739 |
| Total functional expenses | $203,622,681 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,130,545 |
| Savings and temporary cash investments | $9,127,989 |
| Pledges and grants receivable | $20,025,801 |
| Accounts receivable, net | $2,936,099 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $434,406 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,916,563 |
| Net Land, buildings, and equipment | $120,149,535 |
| Investments—publicly traded securities | $44,081,431 |
| Investments—other securities | $136,041,136 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,748,999 |
| Total assets | $354,592,504 |
| Accounts payable and accrued expenses | $12,346,050 |
| Grants payable | $0 |
| Deferred revenue | $5,245,803 |
| Tax-exempt bond liabilities | $24,291,900 |
| 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 | $12,761,519 |
| Total liabilities | $54,645,272 |
| Net assets without donor restrictions | $150,216,880 |
| Net assets with donor restrictions | $149,730,352 |
| 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 | $354,592,504 |