Endicott College
- Assets
- $468.5m
- Revenue
- $187.9m
- Investments
- $21.3m
- Employees
- 1,398
- Location
- Beverly, MA
- Founding
- 03/1942
- Data as of
- 06/2022
- EIN
- 04-2103567
Organization Overview
Endicott College is located in Beverly, MA. The organization was established in 1942. 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, Endicott College employed 1,398 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Endicott 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, Endicott College generated $187.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $161.4m during the year ending 06/2022. While expenses have increased by 4.0% 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, Endicott College has awarded 12 individual grants totaling $1,044,168. 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
UNDERGRADUATE AND GRADUATE EDUCATION. (SEE SCHEDULE O)ENDICOTT INTEGRATES PROFESSIONAL AND LIBERAL ARTS WITH EXPERIENTIAL LEARNING INCLUDING INTERNSHIPS.
Describe the Organization's Program Activity:
*EDUCATION AND AUXILIARY* SEE SCHEDULE O. *EDUCATION AND AUXILIARY*ENDICOTT'S UNDERGRADUATE COLLEGE OFFERS BACHELOR OF FINE ARTS, BACHELOR OF ART, AND BACHELOR OF SCIENCE DEGREES. TRADITIONAL UNDERGRADUATE ENROLLMENT FOR FALL 2021 WAS 2,880 STUDENTS. ENDICOTT'S GRADUATE AND VAN LOAN PROFESSIONAL STUDIES PROGRAMS GRANT ASSOCIATE IN ARTS, ASSOCIATE IN SCIENCE, BACHELOR OF ARTS, BACHELOR OF SCIENCE, MASTER OF ARTS, MASTER OF EDUCATION, MASTER OF SCIENCE, MASTER OF BUSINESS ADMINISTRATION, DOCTOR OF EDUCATION, DOCTOR OF NURSING PRACTICE, AND DOCTOR OF PHILOSOPHY DEGREES. THE GRADUATE AND VAN LOAN PROFESSIONAL STUDIES PROGRAMS ENROLLMENT, OF THE TOTAL UNDERGRADUATE ENROLLMENT, INCLUDING PROGRAMS IN BEVERLY, MASSACHUSETTS, MADRID, SPAIN, AND LEYSIN, SWITZERLAND, AND ONLINE WAS 1,244 STUDENTS AS OF FALL 2021.ENDICOTT COLLEGE'S ACADEMIC OFFERINGS PROVIDE UNDERGRADUATES WITH AN ENRICHING AND CHALLENGING EDUCATIONAL EXPERIENCE. STUDENTS SELECT FROM A BROAD ARRAY OF MAJOR AND MINOR PROGRAM OFFERINGS WHICH ARE AUGMENTED BY COURSEWORK IN THE LIBERAL ARTS AND REQUIRED EXPERIENTIAL LEARNING OPPORTUNITIES WITHIN THEIR PROFESSIONAL AREAS OF STUDY.OF THE TOTAL UNDERGRADUATE ENROLLMENT, NEARLY 90% LIVE ON CAMPUS. THE COLLEGE OFFERS A LARGE VARIETY OF RESIDENCE HALL OPTIONS, RANGING FROM TRADITIONAL TO APARTMENT-STYLE HOUSING. FACILITIES CONSIST OF CONVERTED MANSIONS, SMALL HOUSES, TOWNHOUSES, AND LARGER RESIDENCE HALLS. FOR THE FALL 2021 SEMESTER, 2,587 STUDENTS WERE RESIDENTIAL STUDENTS, INCLUDING 122 STUDENTS WHO WERE STUDYING ABROAD AND EXPECTED BACK IN THE SPRING SEMESTER. ALL RESIDENT STUDENTS ON CAMPUS MUST ENROLL IN ONE OF FOUR MEAL PLANS OFFERED DURING THE ACADEMIC YEAR. DINING OPTIONS INCLUDE A LARGE DINING HALL, TWO CAFES, AND A LODGE.
CONFERENCE AND EDUCATION SERVICES/OTHER
*ACADEMIC SUPPORT* SEE SCHEDULE O. *ACADEMIC SUPPORT*ENDICOTT OFFERS STUDENTS VARIOUS PROGRAMS AND FACILITIES TO ENHANCE AND ENCOURAGE THEIR ACTIVE PARTICIPATION IN THE INTELLECTUAL LIFE OF THE COLLEGE AND PROMOTE THEIR SUCCESSFUL PERFORMANCE IN THE CLASSROOM. THIS IS ACCOMPLISHED THROUGH STATE-OF-THE-ART ACADEMIC TECHNOLOGY, THE DIANE M. HALLE LIBRARY, ACADEMIC ADMINISTRATION, ACADEMIC RESOURCES AND STUDENT SUCCESS, AND THE SINGLE PARENT PROGRAM.
*STUDENT SERVICES* SEE SCHEDULE O. *STUDENT SERVICES* STUDENT SERVICES SUPPORT THE ACADEMIC AND PERSONAL DEVELOPMENT OF EACH STUDENT THROUGH A VARIETY OF OFFICES AND PROGRAMS, INCLUDING STUDENT ACTIVITIES, PERSONAL COUNSELING, HEALTH, COMMUNITY SERVICE, AND ATHLETIC PROGRAMS. EXPERIENCE BEYOND THE CLASSROOM SETTING AFFORDS STUDENTS WITH OPPORTUNITIES TO GAIN A GREATER UNDERSTANDING AND APPRECIATION OF SELF, OTHERS, AND THE WORLD AROUND THEM. THE STUDENT AFFAIRS DIVISION IS DESIGNED TO COMPLEMENT AND SUPPLEMENT THE ACADEMIC EXPERIENCE OF EVERY STUDENT. OTHER FUNCTIONS INCLUDED IN STUDENT SERVICES INCLUDE THE ADMISSIONS, FINANCIAL AID, REGISTRAR, AND CAREER DEVELOPMENT. BOOKSTORE AND VENDING REVENUE IS CONSIDERED RELATED TO STUDENT SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven R Disalvo President | OfficerTrustee | 60 | $517,673 |
Thomas J Alexander Trustee | Trustee | 2 | $0 |
Samuel Cabot III Trustee | Trustee | 2 | $0 |
Nancy Keefe Clarke Trustee (as Of 10/2021) | Trustee | 2 | $0 |
Chad Crandell Trustee - Treasurer (thru 10/2021) | OfficerTrustee | 2 | $0 |
James Demers Trustee (as Of 10/2021) | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Inc & Affiliates Food Services | 6/29/22 | $7,396,217 |
Windover Construction Inc Construction | 6/29/22 | $6,893,733 |
Derck & Edson Llc Architectural | 6/29/22 | $1,634,421 |
Sj Services Inc Janitorial Services | 6/29/22 | $945,063 |
Integration Partners Corp Information Technology | 6/29/22 | $807,910 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $55,300 |
| Related organizations | $0 |
| Government grants | $6,471,085 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,162,978 |
| Noncash contributions included in lines 1a–1f | $51,229 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,689,363 |
| Total Program Service Revenue | $170,478,456 |
| Investment income | $1,188,773 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,309,330 |
| Net Income from Fundraising Events | -$60,780 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $187,900,007 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $166,667 |
| Grants and other assistance to domestic individuals. | $44,675,738 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $9,642,320 |
| Compensation of current officers, directors, key employees. | $1,074,497 |
| Compensation to disqualified persons | $161,680 |
| Other salaries and wages | $42,857,744 |
| Pension plan accruals and contributions | $3,040,684 |
| Other employee benefits | $8,734,046 |
| Payroll taxes | $3,636,254 |
| Fees for services: Management | $69,154 |
| Fees for services: Legal | $273,728 |
| Fees for services: Accounting | $136,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $431,142 |
| Fees for services: Other | $9,011,102 |
| Advertising and promotion | $328,825 |
| Office expenses | $2,293,550 |
| Information technology | $1,030,275 |
| Royalties | $0 |
| Occupancy | $4,018,960 |
| Travel | $856,905 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,037,167 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,455,245 |
| Insurance | $1,780,912 |
| All other expenses | $2,700,910 |
| Total functional expenses | $161,389,306 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,219,382 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $948,971 |
| Accounts receivable, net | $4,739,280 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,091,673 |
| Net Land, buildings, and equipment | $283,344,320 |
| Investments—publicly traded securities | $121,733,950 |
| Investments—other securities | $21,338,712 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $66,696 |
| Total assets | $468,482,984 |
| Accounts payable and accrued expenses | $10,767,490 |
| Grants payable | $0 |
| Deferred revenue | $10,518,066 |
| Tax-exempt bond liabilities | $81,081,479 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $30,500,108 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,613,504 |
| Total liabilities | $137,480,647 |
| Net assets without donor restrictions | $311,885,023 |
| Net assets with donor restrictions | $19,117,314 |
| 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 | $468,482,984 |
Grants Awarded
Over the last fiscal year, Endicott College has awarded $209,167 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF BEVERLY PURPOSE: STUDY ABROAD STUDENTS RECEIVING SCHOLARSHIPS GENERAL SUPPORT | $166,667 |
BEVERLY MAIN STREETS PURPOSE: GENERAL SUPPORT | $42,500 |