Skidmore College

Organization Overview

Skidmore College is located in Saratoga Springs, NY. The organization was established in 1939. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 05/2022, Skidmore College employed 2,834 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Skidmore 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 05/2022, Skidmore College generated $268.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $229.3m during the year ending 05/2022. While expenses have increased by 4.9% 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.

Since 2015, Skidmore College has awarded 21 individual grants totaling $249,166. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

HIGHER EDUCATION

Describe the Organization's Program Activity:

INSTRUCTION AND RESEARCH: INCLUDES ALL EXPENSES FOR ALL ACTIVITIES THAT ARE A PART OF THE COLLEGE'S INSTRUCTIONAL PROGRAM. THE COLLEGE PROVIDES LIBERAL ARTS EDUCATION TO APPROXIMATELY 2650 STUDENTS AND MAINTAINS A STUDENT TO FACULTY RATIO OF APPROXIMATELY 8:1.


STUDENT AID: INCLUDES EXPENSES FOR SCHOLARSHIPS IN THE FORM OF GRANTS TO STUDENTS, RESULTING FROM SELECTION BY THE INSTITUTION FROM A NEEDS-BASED PROGRAM. CURRENTLY, APPROXIMATELY 48% OF SKIDMORE STUDENTS ARE RECEIVING SCHOLARSHIPS, GRANTS, LOANS, AND/OR WORK AWARDS WHICH ARE OFFERED SINGLY OR IN VARIOUS COMBINATIONS.


INSTITUTIONAL SUPPORT: INCLUDES EXPENSES FOR CENTRAL ADMINISTRATIVE LEVEL ACTIVITIES CONCERNED WITH MANAGEMENT OF THE ENTIRE INSTITUTION. ORGANIZATIONAL UNITS INCLUDE FISCAL OPERATIONS, PLANNING AND BUDGETING, HUMAN RESOURCES, PURCHASING, CAMPUS SAFETY, INFORMATION TECHNOLOGY, ETC.


HIGHER EDUCATION: OTHER: INCLUDES STUDENT SERVICES, ACADEMIC SUPPORT AND OTHER AUXILIARY ENTERPRISES. STUDENT SERVICES INCLUDES EXPENSES FOR ORGANIZATIONAL UNITS THAT PROVIDE SUPPORT TO STUDENTS. THESE UNITS INCLUDE HEALTH SERVICES, COUNSELING CENTER, ATHLETICS, INTERFAITH PROGRAMS, ETC. ACADEMIC SUPPORT INCLUDES ALL EXPENSES FOR ALL ACTIVITIES THAT ARE PART OF THE COLLEGE'S ACADEMIC MISSION. AUXILIARY ENTERPRISES INCLUDES EXPENSES FOR ORGANIZATIONAL UNITS THAT EXIST TO FURNISH GOODS OR SERVICES TO STUDENTS, FACULTY AND STAFF, AND THAT CHARGE A FEE DIRECTLY RELATED TO THE COST OF THE GOODS OR SERVICES. FACILITIES INCLUDE TWELVE DORMS AND APARTMENT COMPLEXES PROVIDING HOUSING TO APPROXIMATELY 2150 STUDENTS, TWO DINING HALLS, A BOOKSTORE, SNACK BAR, CHILD CENTER, AND TELEPHONE SERVICES.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Sodexo Operations
Project Management
$1,657,977
Payette Associates Inc
Architectural Services
$1,764,133
Dis
Ocse/study Abroad Tuitions
$946,520
Collins Mechanical Llc
Construction Services
$967,227
Mlb Construction
Construction Management
$22,495,056
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$18,750
Related organizations$0
Government grants $6,752,886
All other contributions, gifts, grants, and similar amounts not included above$25,702,448
Noncash contributions included in lines 1a–1f $2,162,378
Total Revenue from Contributions, Gifts, Grants & Similar$32,474,084
Total Program Service Revenue$198,507,964
Investment income $2,163,356
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $34,740,627
Net Income from Fundraising Events $60,085
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $268,742,242

Grants Awarded

Over the last fiscal year, Skidmore College has awarded $80,000 in support to 8 organizations.

Grant RecipientAmount

SARATOGA PERFORMING ARTS CENTER

Org PageRecipient Profile

Saratoga Springs, NY

PURPOSE: COMMUNITY COLLABORATION

$25,000

CREATE COMM STUDIOS

Org PageRecipient Profile

Schenectady, NY

PURPOSE: COMMUNITY COLLABORATION

$15,000

BLACK DIMENSIONS IN ART INC

Org PageRecipient Profile

Rensselaer, NY

PURPOSE: COMMUNITY COLLABORATION

$15,000

NDAKINNA EDUCATION CENTER

Org PageRecipient Profile

Greenfield Center, NY

PURPOSE: COMMUNITY COLLABORATION

$5,000

ADAM WALKER - PEOPLE'S VOICE

Org PageRecipient Profile

Brooklyn, NY

PURPOSE: COMMUNITY COLLABORATION

$5,000

GREEN EDUCATION & LEGAL FUND

Org PageRecipient Profile

Poestenkill, NY

PURPOSE: COMMUNITY COLLABORATION

$5,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 5 grants that Skidmore College has recieved totaling $29,500.

Awarding OrganizationAmount
The@milton And Dorothy Sarnoff Raymond Foundation

Williamstown, MA

PURPOSE: CHARITABLE

$10,000
Abraham I And Jean Sherr Foundation Inc

New York, NY

PURPOSE: TO ENABLE THE INSTITUTION TO CONTINUE THEIR PUBLIC CHARITABLE ROLE.

$10,000
Chipman Coker Foundation

Greenville, DE

PURPOSE: FUTHERANCE OFOPERATING PROGRAMSOR CAPITAL EXPENDITURES

$5,000
Raymond Watkin Tr For Charities

Saratoga Springs, NY

PURPOSE: ART PROGRAM SCHOLARSHIPS

$3,000
Pirzada Family Foundation

Fremont, CA

PURPOSE: GENERAL & UNRESTRICTED

$1,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$494,836,770
Earnings-$26,452,455
Net Contributions$9,005,164
Other Expense$15,076,217
Grants$7,413,214
Ending Balance$454,900,048

Peer Organizations

Organization NameAssets
Berklee College Of Music Inc
Boston, MA
$384,612,408
Ithaca College
Ithaca, NY
$365,679,639
Trustees Of Amherst College
Amherst, MA
$407,702,412
Wellesley College
Wellsley, MA
$515,515,442
Touro University
New York, NY
$321,976,604
Williams College
Williamstown, MA
$397,351,793
Wesleyan University
Middletown, CT
$326,592,000
Saint Josephs University
Philadelphia, PA
$347,052,680
Emerson College
Boston, MA
$275,696,398
Colgate University Treasurers Office
Hamilton, NY
$378,114,548
Trustees Of The College Of The Holy Cross
Worcester, MA
$265,241,305
Babson College
Babson Park, MA
$304,101,925

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