Ithaca College
- Assets
- $835.5m
- Revenue
- $353.4m
- Investments
- $196.7m
- Employees
- 3,730
- Location
- Ithaca, NY
- Founding
- 05/1938
- Data as of
- 06/2022
- EIN
- 15-0532204
Organization Overview
Ithaca College is located in Ithaca, NY. The organization was established in 1938. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2022, Ithaca College employed 3,730 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ithaca 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 06/2022, Ithaca College generated $353.4m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $313.0m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ithaca College has awarded 54 individual grants totaling $2,051,921. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO EDUCATE, ENGAGE, AND EMPOWER THROUGH THEORY, PRACTICE, AND PERFORMANCE.
Describe the Organization's Program Activity:
SEE SCHEDULE O
OTHER PROGRAM SERVICESACADEMIC SUPPORT INCLUDES EXPENSES INCURRED TO PROVIDE SUPPORT SERVICES FOR THE COLLEGE'S PRIMARY PROGRAM SERVICE OF INSTRUCTION, RESEARCH, AND PUBLIC SERVICE. IT INCLUDES THE FOLLOWING ACTIVITIES: THE RETENTION, PRESERVATION, AND DISPLAY OF EDUCATIONAL MATERIALS AT THE ITHACA COLLEGE LIBRARY, THE HANDWERKER GALLERY, AND OTHER GALLERY SPACES; INFORMATION TECHNOLOGY SERVICES DEPLOYED AT THE COLLEGE, PARTICULARLY SERVICES WITHIN THE THEMES OF CAMPUS ENGAGEMENT AND TEACHING & LEARNING; ACADEMIC ADMINISTRATION AND PERSONNEL PROVIDING ADMINISTRATIVE SUPPORT AND MANAGEMENT DIRECTION TO THE PRIMARY PROGRAM SERVICE; AND SEPARATELY BUDGETED SUPPORT FOR COURSE AND CURRICULUM DEVELOPMENT.
SEE SCHEDULE O
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shirley M Collado Advisor (thru 12/21)/pres(thru 8/21) | OfficerTrustee | 40 | $666,470 |
La Jerne Terry Cornish President (as Of 08/21) | OfficerTrustee | 40 | $361,470 |
Casey L Kendall Trustee, Staff | Trustee | 40 | $141,539 |
Baruch J Whitehead Trustee, Faculty | Trustee | 40 | $101,907 |
Kalena A Yearwood Trustee, Student | Trustee | 1 | $1,859 |
David H Lissy Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cayuga Medical Center At Ithaca Covid Testing & Other Medical | 6/29/22 | $5,820,587 |
Apogee Inc Technology Services | 6/29/22 | $1,600,920 |
Oracle America Inc Technology Services | 6/29/22 | $852,285 |
Architectural Concrete Plus Llc General Construction | 6/29/22 | $715,702 |
Carnegie Dartlet Llc Enrollment Marketing | 6/29/22 | $575,924 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,655,564 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,896,855 |
| Noncash contributions included in lines 1a–1f | $667,211 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,552,419 |
| Total Program Service Revenue | $294,064,315 |
| Investment income | $12,040,055 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $44,765 |
| Net Rental Income | $45,703 |
| Net Gain/Loss on Asset Sales | $31,699,364 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $545,454 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $353,413,943 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $267,635 |
| Grants and other assistance to domestic individuals. | $114,663,190 |
| Grants and other assistance to Foreign Orgs/Individuals | $3,329,012 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,943,757 |
| Compensation of current officers, directors, key employees. | $2,799,261 |
| Compensation to disqualified persons | $602,507 |
| Other salaries and wages | $91,291,855 |
| Pension plan accruals and contributions | $4,192,195 |
| Other employee benefits | $15,818,186 |
| Payroll taxes | $6,575,109 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $116,936 |
| Fees for services: Accounting | $228,055 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $987,179 |
| Fees for services: Other | $10,327,708 |
| Advertising and promotion | $443,849 |
| Office expenses | $7,588,301 |
| Information technology | $6,586,608 |
| Royalties | $0 |
| Occupancy | $6,946,032 |
| Travel | $2,210,917 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $750,746 |
| Interest | $4,776,260 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,069,433 |
| Insurance | $3,532,357 |
| All other expenses | $900,301 |
| Total functional expenses | $313,023,511 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,394,823 |
| Savings and temporary cash investments | $3,477,945 |
| Pledges and grants receivable | $3,464,821 |
| Accounts receivable, net | $9,059,934 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,396,057 |
| Inventories for sale or use | $876,872 |
| Prepaid expenses and deferred charges | $3,638,031 |
| Net Land, buildings, and equipment | $343,923,049 |
| Investments—publicly traded securities | $259,334,497 |
| Investments—other securities | $196,719,126 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,211,547 |
| Total assets | $835,496,702 |
| Accounts payable and accrued expenses | $22,403,770 |
| Grants payable | $0 |
| Deferred revenue | $3,744,397 |
| Tax-exempt bond liabilities | $97,143,757 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $19,115,495 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $33,701,388 |
| Total liabilities | $176,108,807 |
| Net assets without donor restrictions | $509,829,932 |
| Net assets with donor restrictions | $149,557,963 |
| 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 | $835,496,702 |
Grants Awarded
Over the last fiscal year, Ithaca College has awarded $255,694 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
HILLEL OF ITHACA COLLEGE PURPOSE: CONTRIBUTIONS RECEIVED & REMITTED BY ITHACA COLLEGE | $131,296 |
HOBART AND WILLIAM SMITH COLLEGE PURPOSE: PAYMENT TO SUBRECIPIENT OF FEDERAL GRANT | $5,872 |
ITHACA AREA ECONOMIC DEVELOPMENT PURPOSE: SUPPORT ECONOMIC ADVANCEMENT IN TOMPKINS COUNTY NY | $16,000 |
NATIONAL MERIT SCHOLARSHIP CORPORATION PURPOSE: ANNUAL REMITTANCE TO MERIT SCHOLARSHIP PROGRAM | $13,000 |
NORTHEASTERN ILLINOIS UNIVERSITY PURPOSE: PAYMENT TO SUBRECIPIENT OF FEDERAL GRANT | $20,131 |
SUNY ESF PURPOSE: PAYMENT TO SUBRECIPIENT OF FEDERAL GRANT | $11,818 |