Suffolk University
- Assets
- $797.2m
- Revenue
- $381.6m
- Investments
- $59.4m
- Employees
- 3,043
- Location
- Boston, MA
- Founding
- 11/1937
- Data as of
- 06/2022
- EIN
- 04-2133255
Organization Overview
Suffolk University is located in Boston, MA. The organization was established in 1937. 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, Suffolk University employed 3,043 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Suffolk 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, Suffolk University generated $381.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $340.0m during the year ending 06/2022. While expenses have increased by 2.1% 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, Suffolk University has awarded 37 individual grants totaling $7,487,653. 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
SEE SCHEDULE O.
Describe the Organization's Program Activity:
THE COLLEGE OF ARTS AND SCIENCES PREPARES STUDENTS OF ALL AGES AND BACKGROUNDS TO LIVE MORE FULFILLING LIVES, TO APPRECIATE AND CONTRIBUTE TO THE COMMUNITIES OF WHICH THEY ARE MEMBERS AND TO REACH THEIR ETHICAL, PERSONAL, INTELLECTUAL AND FINANCIAL GOALS. TO HELP ITS STUDENTS MAXIMIZE THEIR POTENTIAL, THE COLLEGE EMPHASIZES CRITICAL AND ANALYTICAL THINKING THROUGH A RIGOROUS "SUCCESS SKILLS" UNDERGRADUATE CORE PROGRAM IN WRITTEN AND ORAL COMMUNICATION, COMPUTING, ANALYZING, AND INTEGRATING. FACULTY SCHOLARSHIP SUPPORTS DIVERSIFIED LIBERAL ARTS CONCENTRATIONS AVAILABLE IN THE HUMANITIES, THE NATURAL SCIENCES AND THE SOCIAL SCIENCES, ALONG WITH GRADUATE PROGRAMS IN SEVERAL FIELDS, MOST OFFERING CAREER-RELATED PROFESSIONAL PROGRAM TRACKS AND PRACTICAL EXPERIENCE ON OR OFF CAMPUS. SEE SCHEDULE O FOR ADDITIONAL INFORMATION.
THE SAWYER BUSINESS SCHOOL (SBS) CREATES A LEARNING ENVIRONMENT THAT ENABLES STUDENTS TO EMERGE AS SUCCESSFUL LEADERS IN THE PRACTICE OF GLOBAL BUSINESS AND PUBLIC SERVICES. THE SBS VALUES EXCELLENCE IN EDUCATION AND RESEARCH, AND WORKS WITH ITS STUDENTS, ALUMNI, AND BUSINESS PARTNERS TO ACHIEVE THEIR GOALS. THE PROGRAMS ARE BUILT ON THE CORE VALUES OF PROMOTING OPPORTUNITY, EXCELLENCE, QUALITY TEACHING, INCLUSION AND COLLABORATION, AND EXCEPTIONAL SERVICE. SEE SCHEDULE O FOR ADDITIONAL INFORMATION.
THE LAW SCHOOL IS DEDICATED TO WELCOMING STUDENTS FROM ALL BACKGROUNDS AND CIRCUMSTANCES AND EDUCATING THEM TO BECOME HIGHLY SKILLED AND ETHICAL LAWYERS WHO ARE WELL-PREPARED TO SERVE IN THEIR LOCAL COMMUNITIES, ACROSS THE NATION, AND AROUND THE WORLD. THE LAW SCHOOL SEEKS TO DEVELOP IN ITS STUDENTS THE SKILLS NECESSARY TO SERVE THE PROFESSION'S CHANGING NEEDS IN AN INCREASINGLY DIVERSE, GLOBAL, AND TECHNOLOGICALLY-DEPENDENT SOCIETY. THE LAW SCHOOL'S GOAL IS TO PROVIDE ITS STUDENTS WITH ACCESS TO AN EXCELLENT LEGAL EDUCATION, INSPIRE A COMMITMENT TO JUSTICE, AND PROVIDE ITS GRADUATES THE OPPORTUNITY TO ACHIEVE THEIR CAREER ASPIRATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert C Lamb Jr Chair | Trustee | 1 | $0 |
Kent J Chabotar Trustee | Trustee | 1 | $0 |
Susan Connelly Trustee | Trustee | 1 | $0 |
Maria Dipietro Trustee | Trustee | 1 | $0 |
Darren Donovan Trustee | Trustee | 1 | $0 |
Paul J Flannery Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Abm Industry Groups Llc Facilities Maintenance & Cleaning | 6/29/22 | $13,079,774 |
Collaborative Solutions Llc Implementation Consulting | 6/29/22 | $872,331 |
Keypath Education Llc On-line Education | 6/29/22 | $2,370,982 |
Ellucian Company Lp Information Technology | 6/29/22 | $417,431 |
Prime Buchholz Investment Advisor | 6/29/22 | $192,560 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $60,300 |
| Related organizations | $0 |
| Government grants | $12,367,563 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,257,916 |
| Noncash contributions included in lines 1a–1f | $423,634 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,685,779 |
| Total Program Service Revenue | $290,335,612 |
| Investment income | $5,685,709 |
| Tax Exempt Bond Proceeds | $1,093 |
| Royalties | $0 |
| Net Rental Income | $1,521,624 |
| Net Gain/Loss on Asset Sales | $55,505,781 |
| Net Income from Fundraising Events | -$14,766 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $381,571,833 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $153,100 |
| Grants and other assistance to domestic individuals. | $107,404,274 |
| Grants and other assistance to Foreign Orgs/Individuals | $2,713,827 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $5,593,973 |
| Compensation of current officers, directors, key employees. | $2,496,741 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $93,087,630 |
| Pension plan accruals and contributions | $3,375,422 |
| Other employee benefits | $17,383,304 |
| Payroll taxes | $6,897,185 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $287,273 |
| Fees for services: Accounting | $258,798 |
| Fees for services: Lobbying | $4,800 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,162,010 |
| Fees for services: Other | $2,453,242 |
| Advertising and promotion | $4,913,563 |
| Office expenses | $3,495,913 |
| Information technology | $6,021,805 |
| Royalties | $0 |
| Occupancy | $26,622,394 |
| Travel | $1,410,496 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $14,722,882 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,652,786 |
| Insurance | $2,091,790 |
| All other expenses | $8,230,552 |
| Total functional expenses | $340,041,813 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $18,540,446 |
| Pledges and grants receivable | $5,700,877 |
| Accounts receivable, net | $5,894,834 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,244,959 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $14,060,531 |
| Net Land, buildings, and equipment | $433,557,058 |
| Investments—publicly traded securities | $195,741,590 |
| Investments—other securities | $59,377,983 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $58,117,896 |
| Total assets | $797,236,174 |
| Accounts payable and accrued expenses | $22,128,757 |
| Grants payable | $0 |
| Deferred revenue | $8,051,707 |
| Tax-exempt bond liabilities | $384,565,864 |
| 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 | $61,386,795 |
| Total liabilities | $476,133,123 |
| Net assets without donor restrictions | $255,362,739 |
| Net assets with donor restrictions | $65,740,312 |
| 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 | $797,236,174 |
Grants Awarded
Over the last fiscal year, Suffolk University has awarded $153,100 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BOSTON PLANNING AND DEVELOPMENT AGENCY PURPOSE: GENERAL SUPPORT | $30,000 |
CAMBRIDGE STREET COMMUNITY DEVELOPMENT CORPORATION PURPOSE: GENERAL SUPPORT | $8,100 |
EAST BOSTON HIGH SCHOOL PURPOSE: GENERAL SUPPORT | $15,000 |
BOSTON PARKS & RECREATION DEPARTMENT PURPOSE: GENERAL SUPPORT | $100,000 |