Alfred University

Organization Overview

Alfred University is located in Alfred, NY. The organization was established in 1937. 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, Alfred University employed 1,575 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alfred University 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 06/2020, Alfred University generated $125.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $108.4m during the year ending 06/2020. While expenses have increased by 1.5% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF ALFRED UNIVERSITY IS TO PROVIDE EXCELLENT QUALITY AND ENDURING VALUE THROUGH ACADEMIC AND CO-CURRICULAR PROGRAMMING THAT IS BOTH INTELLECTUALLY CHALLENGING AND PRACTICALLY RELEVANT. WE ARE CULTURALLY DIVERSE AND STUDENT-CENTERED, AND AIM TO SERVE AN EVER-CHANGING STUDENT POPULATION. WE SEEK STUDENTS WITH THE ASPIRATION AND DEDICATION TO DO WELL FOR THEMSELVES AND FOR THEIR GREATER COMMUNITIES. THUS, WE PREPARE OUR STUDENTS WITH THE KNOWLEDGE, SKILLS AND LIFE-HABITS THAT WILL ENABLE THEM TO SUCCEED, AND TO LIVE LIVES OF CONTINUOUS PERSONAL GROWTH AND SERVICE TO OTHERS. THESE OUTCOMES ARE ACHIEVED THROUGH A COMMITMENT, BY THE ENTIRE AU COMMUNITY, TO TEACHING AND RESEARCH, THE PURSUIT OF SCIENTIFIC AND TECHNICAL EXPERTISE, ARTISTIC CREATIVITY, AND HUMANISTIC LEARNING.

Describe the Organization's Program Activity:

Part 3 - Line 4a

HIGHER EDUCATION: ALFRED UNIVERSITY IS A COEDUCATIONAL INSTITUTION COMPRISED OF THE PRIVATELY ENDOWED COLLEGES OF LIBERAL ARTS AND SCIENCES, ENGINEERING AND BUSINESS, AND THE SCHOOL OF GRADUATE AND CONTINUING STUDIES, AS WELL AS TWO STATUTORY UNITS - THE SCHOOL OF ART AND DESIGN AND SELECTED PROGRAMS WITHIN THE SCHOOL OF ENGINEERING. WE OFFER BOTH UNDERGRADUATE AND GRADUATE DEGREES ALONG WITH UNDERGRADUATE AND GRADUATE RESEARCH OPPORTUNITIES TO APPROXIMATELY 2,000 STUDENTS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Avi Foodsystems Inc
Food Service Vendor
$4,188,821
Center For Integrated Teacher Education
Professional Services
$2,562,179
Universal Builders
Contracted Services
$1,040,840
Noodle Partners Inc
Professional Services
$757,512
Pres Services Llc
Contracted Services
$754,205
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$34,176,032
Investment income $3,561,829
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $15,172,508
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $125,818,572

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Alfred University has recieved totaling $2,150.

Awarding OrganizationAmount
King Scholarship Fund

Dallas, TX

PURPOSE: SCHOLARSHIP

$1,150
$1,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$181,447,319
Earnings-$14,535,887
Net Contributions$2,671,271
Other Expense$4,347,308
Grants$3,205,827
Ending Balance$162,029,568

Peer Organizations

Organization NameAssets
Fordham University
Bronx, NY
$953,892,663
Rochester Institute Of Technology
Rochester, NY
$1,071,324,345
St Johns University New York
Jamaica, NY
$798,473,536
Villanova University
Villanova, PA
$872,271,471
Rensselaer Polytechnic Institute
Troy, NY
$653,047,178
Rockefeller University
New York, NY
$535,346,959
Lehigh University
Bethlehem, PA
$713,288,867
The New School
New York, NY
$558,997,855
Hofstra University
Hempstead, NY
$606,887,297
American University Of Beirut
New York, NY
$608,300,843
Quinnipiac University
Hamden, CT
$531,949,834
Seton Hall University
South Orange, NJ
$473,034,000

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