Bay Path University
- Assets
- $122.4m
- Revenue
- $66.6m
- Investments
- $12.9m
- Employees
- 1,138
- Location
- Longmeadow, MA
- Founding
- 08/1949
- Data as of
- 06/2022
- EIN
- 04-2103865
Organization Overview
Bay Path University is located in Longmeadow, MA. The organization was established in 1949. 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, Bay Path University employed 1,138 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bay Path 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, Bay Path University generated $66.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $64.8m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Bay Path University has awarded 14 individual grants totaling $601,931. 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
A BAY PATH UNIVERSITY EDUCATION EMPOWERS UNDERGRADUATE WOMEN AND GRADUATE WOMEN AND MEN TO BECOME LEADERS IN THEIR CAREERS AND COMMUNITIES
Describe the Organization's Program Activity:
THE UNIVERSITY PROVIDES INSTRUCTION, ACADEMIC SUPPORT, STUDENT SERVICES, AND STUDENT FINANCIAL AID TO CARRY OUT ITS EXEMPT PURPOSES, SERVING APPROXIMATELY 2,500 STUDENTS.
AUXILIARY ENTERPRISES PROVIDE SERVICES FOR THE CONVENIENCE OF THE STUDENTS, FACULTY, AND STAFF. THIS INCLUDES DINING SERVICES, STUDENT HOUSING, THE BOOKSTORE, AND OTHER MISCELLANEOUS SERVICES.THE UNIVERSITY SERVED APPROXIMATELY 2,500 STUDENTS, INCLUDING APPROXIMATELY 225 RESIDENT STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandra Doran President | Officer | 55 | $444,216 |
Michael Giampietro Senior VP Finance & Admin Svcs | Officer | 50 | $232,009 |
Carol Leary President Emerita | Officer | 55 | $242,298 |
Stacy Sweeney Interim VP Of Enrollment Manag | Officer | 50 | $207,956 |
Amanda Gould VP For Learning Innovation, Te | Officer | 50 | $214,860 |
Kathleen Bourque VP For University Relations | Officer | 50 | $186,981 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Google Inc Advertisement | 6/29/22 | $1,980,301 |
Aramark Services Inc Food Service | 6/29/22 | $1,160,000 |
Bret Stern Productions Advertisement | 6/29/22 | $880,164 |
451 Marketing Llc Marketing | 6/29/22 | $441,925 |
Ruffalo Noel Levitz Llc Recruiting | 6/29/22 | $391,842 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $384,349 |
| Related organizations | $0 |
| Government grants | $7,379,296 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,593,777 |
| Noncash contributions included in lines 1a–1f | $78,297 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,357,422 |
| Total Program Service Revenue | $55,761,871 |
| Investment income | $649,146 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $111,239 |
| Net Gain/Loss on Asset Sales | $710,330 |
| Net Income from Fundraising Events | -$84,281 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $66,636,964 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $77,158 |
| Grants and other assistance to domestic individuals. | $15,220,010 |
| Grants and other assistance to Foreign Orgs/Individuals | $10,840 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,356,572 |
| Compensation of current officers, directors, key employees. | $908,662 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $24,696,219 |
| Pension plan accruals and contributions | $985,785 |
| Other employee benefits | $1,743,000 |
| Payroll taxes | $2,018,773 |
| Fees for services: Management | $393,777 |
| Fees for services: Legal | $119,035 |
| Fees for services: Accounting | $71,962 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $20,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,726,105 |
| Advertising and promotion | $3,670,536 |
| Office expenses | $794,764 |
| Information technology | $869,103 |
| Royalties | $0 |
| Occupancy | $1,200,898 |
| Travel | $132,677 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $47,235 |
| Interest | $493,681 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,480,440 |
| Insurance | $299,104 |
| All other expenses | $0 |
| Total functional expenses | $64,766,806 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,741,373 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $356,640 |
| Accounts receivable, net | $1,042,007 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,074,508 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $961,794 |
| Net Land, buildings, and equipment | $31,719,053 |
| Investments—publicly traded securities | $61,658,745 |
| Investments—other securities | $12,853,726 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $122,407,846 |
| Accounts payable and accrued expenses | $3,312,366 |
| Grants payable | $271,185 |
| Deferred revenue | $3,229,726 |
| Tax-exempt bond liabilities | $14,594,757 |
| Escrow or custodial account liability | $14,433 |
| 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 | $2,227,437 |
| Total liabilities | $23,649,904 |
| Net assets without donor restrictions | $73,021,772 |
| Net assets with donor restrictions | $25,736,170 |
| 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 | $122,407,846 |
Grants Awarded
Over the last fiscal year, Bay Path University has awarded $77,158 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TOWN OF LONGMEADOW PURPOSE: PILOT PROGRAM AND Senior Center | $55,158 |
TOWN OF EAST LONGMEADOW PURPOSE: PILOT PROGRAMS (TOWN, Fire, Police) | $22,000 |