Canisius College
- Assets
- $289.5m
- Revenue
- $104.2m
- Investments
- $158.0m
- Employees
- 1,395
- Location
- Buffalo, NY
- Founding
- 04/1971
- Data as of
- 05/2022
- EIN
- 16-0743942
Organization Overview
Canisius College is located in Buffalo, NY. The organization was established in 1971. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 05/2022, Canisius College employed 1,395 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Canisius 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, Canisius College generated $104.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $108.7m during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (3.6%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CANISIUS COLLEGE IS A PRIVATE, INDEPENDENT ROMAN CATHOLIC COLLEGE, GOVERNED BY AN INDEPENDENT SELF PERPETUATING BOARD OF TRUSTEES UNDER A CHARTER GRANTED BY THE BOARD OF TRUSTEES OF THE COLLEGE OF THE STATE OF NEW YORK. ESTABLISHED AS A LIBERAL ARTS COLLEGE, THE COLLEGE HAS GROWN TO INCLUDE A GRADUATE DIVISION, A SCHOOL OF BUSINESS ADMINISTRATION, A SCHOOL OF EDUCATION AND HUMAN SERVICES, AND A SUMMER SESSION IN ADDITION TO THE COLLEGE OF ARTS AND SCIENCES.
Describe the Organization's Program Activity:
EDUCATION/INSTRUCTION - PROVIDE EDUCATION TO 2630 STUDENTS IN THE FALL AND 2,439 STUDENTS IN THE SPRING SEMESTERS.
STUDENT SERVICES - PROVIDE THE NECESSARY SERVICES REQUIRED BY THE STUDENTS ENROLLED IN THE PROGRAMS.
RESIDENCE HALLS - PROVIDE ROOM AND BOARD TO ALL RESIDENT STUDENTS AND THOSE STUDENTS WITH MEAL PLANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John J Hurley President | Officer | 40 | $287,679 |
Phillip Witherspoon Mean's Basketball Coach | 40 | $260,572 | |
Dr Sara R Morris VP - Academic Affairs | Officer | 40 | $195,183 |
Timothy P Balkin VP - Business/finance | Officer | 40 | $178,900 |
Dr Denise Rotondo Dean - School Of Business | 40 | $172,462 | |
Dr James Goldstein Professor - Accounting | 40 | $166,456 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Elbers Landscape Services Inc Landscaping And Maintenance | 5/30/22 | $598,721 |
Neth And Son Inc Construction Services | 5/30/22 | $567,824 |
Chartwells Educational Dining Services Food Services | 5/30/22 | $3,051,066 |
Aac Contracting Inc Construction - Asbestos Abatement | 5/30/22 | $1,114,915 |
Mlp Plumbing And Mechanical Inc Hvac And Maintenance Services | 5/30/22 | $912,083 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $3,173 |
| Related organizations | $0 |
| Government grants | $8,282,002 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,552,833 |
| Noncash contributions included in lines 1a–1f | $502,239 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,838,008 |
| Total Program Service Revenue | $76,540,392 |
| Investment income | $265,134 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $152,859 |
| Net Gain/Loss on Asset Sales | $5,000,716 |
| Net Income from Fundraising Events | -$34,999 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $104,179,636 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $32,612,489 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,107,435 |
| Compensation of current officers, directors, key employees. | $632,708 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,888,657 |
| Pension plan accruals and contributions | $1,069,981 |
| Other employee benefits | $6,109,442 |
| Payroll taxes | $2,117,494 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $240,618 |
| Fees for services: Accounting | $76,874 |
| Fees for services: Lobbying | $50,400 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,053,114 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,586,428 |
| Insurance | $0 |
| All other expenses | $1,202,221 |
| Total functional expenses | $108,660,882 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,298,463 |
| Savings and temporary cash investments | $3,149,794 |
| Pledges and grants receivable | $10,264,708 |
| Accounts receivable, net | $3,301,538 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,794,638 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $104,577,084 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $158,044,405 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,056,149 |
| Total assets | $289,486,779 |
| Accounts payable and accrued expenses | $12,442,477 |
| Grants payable | $0 |
| Deferred revenue | $4,973,731 |
| Tax-exempt bond liabilities | $45,532,628 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $227,192 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,803,148 |
| Total liabilities | $69,979,176 |
| Net assets without donor restrictions | $80,275,986 |
| Net assets with donor restrictions | $139,231,617 |
| 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 | $289,486,779 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Canisius College has recieved totaling $40,600.
| Awarding Organization | Amount |
|---|---|
Nelson D Civello Foundation Jupiter, FL PURPOSE: EDUCATIONAL | $27,600 |
Fales Educational Trust Dallas, TX PURPOSE: SCHOLARSHIPS | $10,000 |
F W Albrecht Family Foundation Akron, OH PURPOSE: SCHOLARSHIP | $3,000 |
Endowment Analysis
| Beg. Balance | $159,983,803 |
| Earnings | $1,616,098 |
| Net Contributions | $2,854,467 |
| Other Expense | $1,450,000 |
| Grants | $7,323,595 |
| Ending Balance | $155,680,773 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fordham University Bronx, NY | $2,430,141,698 | $953,892,663 |
Rochester Institute Of Technology Rochester, NY | $2,526,196,996 | $1,071,324,345 |
St Johns University New York Jamaica, NY | $1,703,677,283 | $798,473,536 |
Villanova University Villanova, PA | $2,287,455,797 | $872,271,471 |
Rensselaer Polytechnic Institute Troy, NY | $1,598,843,813 | $653,047,178 |
Rockefeller University New York, NY | $4,263,008,941 | $535,346,959 |
Lehigh University Bethlehem, PA | $3,057,301,515 | $713,288,867 |
The New School New York, NY | $1,263,076,833 | $558,997,855 |
Hofstra University Hempstead, NY | $1,538,245,078 | $606,887,297 |
American University Of Beirut New York, NY | $1,902,791,001 | $608,300,843 |
Quinnipiac University Hamden, CT | $1,807,258,104 | $531,949,834 |
Seton Hall University South Orange, NJ | $890,349,000 | $473,034,000 |