Lesley University
- Assets
- $423.0m
- Revenue
- $114.2m
- Investments
- $133.3m
- Employees
- 1,087
- Location
- Cambridge, MA
- Founding
- 01/1965
- Data as of
- 06/2022
- EIN
- 04-2103589
Organization Overview
Lesley University is located in Cambridge, MA. The organization was established in 1965. 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, Lesley University employed 1,087 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lesley 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 06/2022, Lesley University generated $114.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $120.1m during the year ending 06/2022. While expenses have increased by 0.9% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
LESLEY UNIVERSITY ENGAGES STUDENTS IN TRANSFORMATIVE EDUCATION THROUGH ACTIVE LEARNING, SCHOLARLY RESEARCH, DIVERSE FORMS OF ARTISTIC EXPRESSION, AND THE INTEGRATION OF RIGOROUS ACADEMICS WITH PRACTICAL, PROFESSIONAL EXPERIENCE, LEADING TO MEANINGFUL CAREERS AND CONTINUING LIFELONG LEARNING. LESLEY PREPARES SOCIALLY RESPONSIBLE GRADUATES WITH THE KNOWLEDGE, SKILLS, UNDERSTANDING AND ETHICAL JUDGMENT TO BE CATALYSTS SHAPING A MORE JUST, HUMANE, AND SUSTAINABLE WORLD.
Describe the Organization's Program Activity:
EXPENSES RELATED TO INSTRUCTING FULL TIME AND PART TIME STUDENTS: THE UNIVERSITY IS HOME TO A NUMBER OF IMPORTANT CENTERS AND INSTITUTES THAT CONDUCT RESEARCH, HELP SHAPE PUBLIC POLICY, AND PROVIDE CONTINUING EDUCATION AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES ACROSS A WIDE RANGE OF DISCIPLINES INCLUDING:*MATH *SPECIAL EDUCATION *LITERACY*CENTER FOR ADULT LEARNERSAT A GLANCE:*FOUNDED: 1909 *TOTAL ENROLLMENT: 5,330*UNDERGRADUATES: 2,063*MASTER'S, C.A.G.S., PH.D. STUDENTS: 3,267*TOTAL ALUMNI: 91,148*CAMPUS LOCATIONS: *CAMBRIDGE, MA LESLEY UNIVERSITY ACADEMICS:*UNDERGRADUATE STUDY:-LESLEY UNIVERSITY COLLEGE OF ART AND DESIGN (LA+D)-COLLEGE OF LIBERAL ARTS AND SCIENCES (CLAS)-LESLEY CENTER FOR ADULT LEARNING (LCAL)*GRADUATE STUDY: -COURSES + PROGRAMS IN CAMBRIDGE -PROGRAMS OFFERED THROUGHOUT THE US -ONLINE COURSES + PROGRAMS*UNIQUE PROGRAM FORMATS *CENTERS + INSTITUTES *CONTINUING EDUCATION + PROFESSIONAL DEVELOPMENT *THRESHOLD NON-DEGREE PROGRAM*ACCREDITATION: -NEW ENGLAND COMMISSION OF HIGHER EDUCATION-NATIONAL ASSOCIATION OF SCHOOLS OF ART AND DESIGN
EXPENSES RELATED TO ACADEMIC SUPPORT WHICH INCLUDES THE EXPENSES FOR THE LIBRARY, DEAN OF STUDENTS, VARIOUS ACADEMIC DEANS AND OTHER ACADEMIC SUPPORT. ALSO, EXPENSES RELATED TO RESEARCH AND GENERAL INSTITUTIONAL OPERATIONS.
EXPENSES RELATED TO FINANCIAL AID FOR STUDENTS:THE PURPOSE OF FINANCIAL AID IS TO HELP YOU ATTAIN YOUR GOAL OF A LESLEY UNIVERSITY EDUCATION, BY OFFERING FINANCIAL ASSISTANCE IN THE FORM OF GRANTS, LOANS, AND STUDENT WORK OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janet Steinmayer President | OfficerTrustee | 40 | $535,271 |
Mr Hans D Strauch Trustee, Chair | OfficerTrustee | 1 | $0 |
Ms Juanita James Trustee, Vice Chair | OfficerTrustee | 1 | $0 |
Ms Barbara Weinstein Russell Trustee, Vice Chair | OfficerTrustee | 1 | $0 |
Mr Hal Belodoff Trustee, Treasurer | OfficerTrustee | 1 | $0 |
Ms Loring Low Stevens Trustee, Clerk | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Centerbrook Architects And Planners Llp Architectural Services | 6/29/22 | $3,317,653 |
Ug2 Llc Facility Management | 6/29/22 | $2,942,857 |
Avaap Usa Llc Technology Consulting | 6/29/22 | $1,054,235 |
Ellucian Company Lp It Services | 6/29/22 | $520,943 |
Littler Mendelson Pc Legal Services | 6/29/22 | $433,306 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,748,254 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,375,721 |
| Noncash contributions included in lines 1a–1f | $24,263 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,123,975 |
| Total Program Service Revenue | $86,892,400 |
| Investment income | $361,728 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,021,787 |
| Net Gain/Loss on Asset Sales | $11,464,769 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $114,171,327 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $22,929,732 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,915,258 |
| Compensation of current officers, directors, key employees. | $2,743,536 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $44,016,464 |
| Pension plan accruals and contributions | $2,499,684 |
| Other employee benefits | $5,143,041 |
| Payroll taxes | $3,367,259 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $140,861 |
| Fees for services: Accounting | $142,800 |
| Fees for services: Lobbying | $44,925 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,031,553 |
| Fees for services: Other | $0 |
| Advertising and promotion | $830,580 |
| Office expenses | $710,960 |
| Information technology | $3,105,925 |
| Royalties | $0 |
| Occupancy | $1,997,001 |
| Travel | $479,837 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $72,608 |
| Interest | $4,761,946 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,572,802 |
| Insurance | $197,081 |
| All other expenses | $7,506,964 |
| Total functional expenses | $120,096,401 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,959,579 |
| Savings and temporary cash investments | $1,359,101 |
| Pledges and grants receivable | $2,203,784 |
| Accounts receivable, net | $17,912,649 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $887,130 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,882,573 |
| Net Land, buildings, and equipment | $202,628,682 |
| Investments—publicly traded securities | $52,085,934 |
| Investments—other securities | $133,342,806 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,726,745 |
| Total assets | $422,988,983 |
| Accounts payable and accrued expenses | $15,142,030 |
| Grants payable | $808,992 |
| Deferred revenue | $9,536,130 |
| Tax-exempt bond liabilities | $117,835,902 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $14,645,200 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,172,376 |
| Total liabilities | $159,140,630 |
| Net assets without donor restrictions | $225,812,644 |
| Net assets with donor restrictions | $38,035,709 |
| 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 | $422,988,983 |