Simmons University
- Assets
- $504.8m
- Revenue
- $235.0m
- Investments
- $98.4m
- Employees
- 3,102
- Location
- Boston, MA
- Founding
- 04/1938
- Data as of
- 06/2020
- EIN
- 04-2103629
Organization Overview
Simmons University is located in Boston, MA. The organization was established in 1938. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2021, Simmons University employed 3,102 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Simmons 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, Simmons University generated $235.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $239.4m during the year ending 06/2020. While expenses have increased by 3.0% 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.
Since 2015, Simmons University has awarded 12 individual grants totaling $619,765. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE TRANSFORMATIVE LEARNING THAT LINKS PASSION AND LIFELONG PURPOSE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION - UNDERGRADUATE PROGRAMS: SIMMONS IS A PRIVATE, NONSECTARIAN INSTITUTION LOCATED IN BOSTON'S FENWAY AREA, AND CURRENTLY SERVES 1,748 UNDERGRADUATE INDIVIDUALS WHO WERE ASSIGNED FEMALE AT BIRTH, SELF-IDENTIFY AS WOMEN, OR DO NOT FIT INTO THE GENDER BINARY BUT WHO FEEL THEY BELONG IN A COMMUNITY OF WOMEN. DURING THE 2021 ACADEMIC YEAR, THE UNIVERSITY CONFERRED 436 BACCALAUREATE DEGREES. INSTRUCTION INCLUDES EXPENDITURES FOR THE UNDERGRADUATE PROGRAM AS WELL AS FINANCIAL AID PROVIDED BY THE UNIVERSITY TO STUDENTS IN THE FORM OF SCHOLARSHIPS AND GRANTS. APPROXIMATELY 99% OF UNDERGRADUATES RECEIVED FINANCIAL AID IN THE FORM OF SCHOLARSHIPS OR GRANTS FROM THE UNIVERSITY.
INSTRUCTION - GRADUATE PROGRAMS: SIMMONS CURRENTLY SERVES 4,236 STUDENTS IN GRADUATE PROGRAMS AT THE MASTER AND DOCTORAL LEVELS. THE UNIVERSITY'S GRADUATE PROGRAMS SERVE MEN AND INDIVIDUALS WHO WERE ASSIGNED FEMALE AT BIRTH, SELF-IDENTIFY AS WOMEN, OR DO NOT FIT INTO THE GENDER BINARY BUT WHO FEEL THEY BELONG IN A COMMUNITY OF WOMEN. THESE PROGRAMS ARE HOUSED IN THE COLLEGE OF ORGANIZATIONAL, COMPUTATIONAL, AND INFORMATION SCIENCES (LIBRARY AND INFORMATION SCIENCE AND BUSINESS), COLLEGE OF SOCIAL SCIENCES, POLICY, AND PRACTICE (SOCIALWORK AND PUBLIC POLICY), THE COLLEGE OF NATURAL, BEHAVIORAL, AND HEALTH SCIENCES (BEHAVIORAL ANALYSIS, HEALTH PROFESSIONS EDUCATION, NURSING, NUTRITION, PHYSICAL THERAPY) AND IN THE GWEN IFILL COLLEGE OF MEDIA, ARTS AND HUMANITIES (CHILDREN'S LITERATURE, GENDER AND SOCIAL STUDIES, HISTORY). THE UNIVERSITY OFFERS ONLINE PROGRAMS IN NURSING, SOCIAL WORK, BEHAVIORAL ANALYSIS, PUBLIC HEALTH AND MANAGEMENT REACHING ALL FIFTY STATES, THE DISTRICT OF COLUMBIA AND CANADA. DURING THE 2021 ACADEMIC YEAR, THE UNIVERSITY CONFERRED 1,999 GRADUATE DEGREES AND CERTIFICATES. INSTRUCTION INCLUDES EXPENDITURES FOR THE GRADUATE PROGRAMS AS WELL AS FINANCIAL AID.
ACADEMIC SUPPORT AND STUDENT SERVICES - INCLUDES EXPENDITURES FOR ACTIVITIES THAT SUPPORT AND ENHANCE THE STUDENT'S EDUCATION, AS WELL AS CONTRIBUTE TO THEIR EMOTIONAL AND PHYSICAL WELL-BEING. INCLUDED IN THIS CATEGORY IS THE UNIVERSITY LIBRARY WHICH HOUSES OVER 155,000 PRINT VOLUMES, SUBSCRIBES TO AND/OR PROVIDES ACCESS TO 131,000 E-JOURNALS, 255,400 E-BOOKS, AND 132 ELECTRONIC DATABASES FOR ARTICLES, REFERENCE CONTENT, STATISTICS AND BEYOND. DURING FISCAL YEAR 2021, STUDENTS CHECKED OUT 250 BOOKS AND COURSE RESERVE ITEMS (LOWERED DUE TO PIVOT TO ONLINE LEARNING) WITH DIGITAL CIRCULATION OF 115,000 TITLES. ALSO INCLUDED IN THIS CATEGORY IS THE UNIVERSITY'S HEALTH CENTER WHOSE STAFF HANDLED 2,282 STUDENT/PATIENT VISITS DURING FISCAL YEAR 2021. ANOTHER COMPONENT OF THIS CATEGORY IS THE CAREER EDUCATION CENTER WHICH HAD 1,539 STUDENT CONTACTS DURING FISCAL YEAR 2021 THROUGH MULTIPLE CHANNELS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Helen G Drinan President (until 6/20) | 40 | $638,676 | |
Michael J Barone Interim VP For Fin.&treasurer | Officer | 40 | $481,663 |
Debra Perez Sr.vp-Org.culture (until 7/20) | 40 | $309,702 | |
Susan Brady Ceo-Inst.for Inclusive Leadership | 40 | $299,951 | |
Lynn Perry Wooten President (as Of 7/20) | OfficerTrustee | 40 | $293,317 |
Lynette Cook-Francis Svp-Stu.eng.&enr.mgmt.(until 5/20) | 40 | $291,665 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
2u Inc Online Program Partner | 6/29/21 | $41,043,767 |
Lee Kennedy Co Inc Construction Services | 6/29/21 | $19,154,088 |
Elkus Manfredi Architects Ltd Architecture Services | 6/29/21 | $3,934,016 |
C&w Facility Services Inc Facilities Mgmt.services | 6/29/21 | $2,271,755 |
Alchemy Software Consulting | 6/29/21 | $1,403,391 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,877,179 |
| Investment income | $3,887,888 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,178,713 |
| Net Gain/Loss on Asset Sales | $3,149,192 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $234,956,189 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $53,932,024 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,665,805 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $67,392,802 |
| Pension plan accruals and contributions | $2,683,818 |
| Other employee benefits | $6,724,063 |
| Payroll taxes | $5,419,826 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $337,862 |
| Fees for services: Accounting | $349,482 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $814,626 |
| Fees for services: Other | $3,442,390 |
| Advertising and promotion | $546,104 |
| Office expenses | $498,456 |
| Information technology | $2,741,469 |
| Royalties | $0 |
| Occupancy | $7,928,926 |
| Travel | $1,363,959 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $323,298 |
| Interest | $6,087,320 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,530,526 |
| Insurance | $790,811 |
| All other expenses | $0 |
| Total functional expenses | $239,411,518 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $24,870,445 |
| Pledges and grants receivable | $1,783,879 |
| Accounts receivable, net | $10,128,561 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,547,964 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,134,748 |
| Investments—publicly traded securities | $93,300,526 |
| Investments—other securities | $98,397,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $96,898,227 |
| Total assets | $504,770,000 |
| Accounts payable and accrued expenses | $12,759,018 |
| Grants payable | $791,171 |
| Deferred revenue | $21,353,222 |
| Tax-exempt bond liabilities | $231,103,855 |
| Escrow or custodial account liability | $389,997 |
| 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 | $5,152,938 |
| Total liabilities | $271,550,201 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $233,219,799 |
Grants Awarded
Over the last fiscal year, Simmons University has awarded $11,365 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Ann Arbor, MI PURPOSE: GENERAL | $5,755 |
Portland, OR PURPOSE: GENERAL | $5,610 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Simmons University has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Alchemy Foundation Cambridge, MA PURPOSE: GENERAL SUPPORT | $500 |
Endowment Analysis
| Beg. Balance | $190,425,355 |
| Earnings | $63,821,666 |
| Net Contributions | $1,395,808 |
| Other Expense | $7,679,933 |
| Grants | $3,694,628 |
| Ending Balance | $244,268,268 |
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 |
Rensselaer Polytechnic Institute Troy, NY | $1,598,843,813 | $653,047,178 |
Rockefeller University New York, NY | $4,263,008,941 | $535,346,959 |
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 |
Brandeis University Waltham, MA | $1,811,655,582 | $399,602,478 |
Johnson & Wales University Providence, RI | $913,541,997 | $403,272,641 |
Bar Ilan University In Israel New York, NY | $542,311,841 | $462,229,998 |