Fisher College
- Assets
- $61.1m
- Revenue
- $22.5m
- Investments
- $0.0
- Employees
- 416
- Location
- Boston, MA
- Founding
- 12/1948
- Data as of
- 06/2022
- EIN
- 04-2005934
Organization Overview
Fisher College is located in Boston, MA. 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 06/2022, Fisher College employed 416 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fisher 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, Fisher College generated $22.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $22.3m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MISSION STATEMENT: FISHER COLLEGE IMPROVES LIVES BY PROVIDING STUDENTS WITH THE KNOWLEDGE AND SKILLS NECESSARY FOR A LIFETIME OF INTELLECTUAL AND PROFESSIONAL PURSUITS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL/INSTRUCTIONAL SERVICES - AS DIRECTED BY THE FISHER COLLEGE MISSION AND ITS STRATEGIC GOALS, THE ACADEMIC PROGRAM "CHANGES LIVES" BY ENABLING STUDENTS TO ACQUIRE KNOWLEDGE AND SKILLS THAT WILL GUIDE THEM THROUGH A LIFETIME OF INTELLECTUAL AND PROFESSIONAL PURSUITS. TO THAT END, FISHER OFFERS PRAGMATIC AND FOCUSED PROGRAMS BOLSTERED BY AN ARRAY OF GENERAL EDUCATION PROGRAMS. THUS, FISHER GRADUATES ARE PREPARED TO BE RESPONSIBLE AND CONTRIBUTING MEMBERS OF SOCIETY. THE FISHER COLLEGE EDUCATIONAL AND INSTRUCTIONAL PROGRAM SERVICES ARE FOCUSED ON THE CORE VALUES AND OBJECTIVES OF HIGHER EDUCATION AND THE MISSION OF THE COLLEGE.
HOUSING & STUDENT SERVICES - THE FISHER COLLEGE CAMPUS, HOUSING, STUDENT SERVICES AND STUDENT RESOURCES PROGRAMS DEFINE THE COLLEGE AS MUCH AS THE EDUCATIONAL AND INSTRUCTIONAL PROGRAMS IT OFFERS AND THE PEOPLE WHO EMBODY ITS MISSION. THE STUDENTS' EXPERIENCES, AND THEIR MEMORIES OF THEIR YEARS AT FISHER COLLEGE, ARE ENTWINED WITH THE CAMPUS AND ITS OFFERINGS. JUST AS IT SAFEGUARDS THE INTEREST OF ITS STUDENTS, FISHER COLLEGE IS A STEWARD OF THESE VITAL AND INFLUENTIAL PHYSICAL RESOURCES, PROGRAMS AND SERVICES, AND THIS PROGRAM SERVICE ACCOMPLISHMENT IS IMPERATIVE TO THE MISSION OF THE COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Rich President | Officer | 40 | $296,373 |
Janet Kuser-Komarnicki Vice President Of Academic Affairs/chief Academic Officer | Officer | 40 | $157,670 |
Robert Melaragni Vice President Of Enrollment Management | Officer | 40 | $152,132 |
Jeffrey Conrad Interim Vice President Of Finance | Officer | 40 | $136,331 |
Kathleen Ehlers Vice President For Online, Graduate And Professional Studies | Officer | 40 | $122,956 |
Brenda Sanchez Vice President Of Advancement And Alumni Engagement | 40 | $133,210 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mindmax Marketing | 6/29/22 | $1,019,720 |
Mike Fuller Plumbing | 6/29/22 | $104,078 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,595,863 |
| All other contributions, gifts, grants, and similar amounts not included above | $141,807 |
| Noncash contributions included in lines 1a–1f | $9,979 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,737,670 |
| Total Program Service Revenue | $18,779,732 |
| Investment income | $530,673 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $480,865 |
| Net Gain/Loss on Asset Sales | $955,721 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,484,661 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,001,036 |
| Compensation of current officers, directors, key employees. | $416,618 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,342,905 |
| Pension plan accruals and contributions | $314,764 |
| Other employee benefits | $712,405 |
| Payroll taxes | $751,905 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,730 |
| Fees for services: Accounting | $58,058 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $955,336 |
| Advertising and promotion | $1,343,002 |
| Office expenses | $288,044 |
| Information technology | $726,938 |
| Royalties | $0 |
| Occupancy | $240,808 |
| Travel | $471,864 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,645 |
| Interest | $336,565 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,374,758 |
| Insurance | $301,337 |
| All other expenses | $826,320 |
| Total functional expenses | $22,311,603 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $589,618 |
| Savings and temporary cash investments | $1,913,371 |
| Pledges and grants receivable | $5,000 |
| Accounts receivable, net | $149,736 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $289,421 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $671,602 |
| Net Land, buildings, and equipment | $16,201,389 |
| Investments—publicly traded securities | $41,323,763 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $61,143,900 |
| Accounts payable and accrued expenses | $982,569 |
| Grants payable | $0 |
| Deferred revenue | $1,988,817 |
| Tax-exempt bond liabilities | $5,589,310 |
| 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 | $350,741 |
| Total liabilities | $8,911,437 |
| Net assets without donor restrictions | $52,033,352 |
| Net assets with donor restrictions | $199,111 |
| 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 | $61,143,900 |