St Francis College
- Assets
- $411.6m
- Revenue
- $89.7m
- Investments
- $28.6m
- Employees
- 607
- Location
- Brooklyn, NY
- Founding
- 07/1996
- Data as of
- 06/2021
- EIN
- 11-1635105
Organization Overview
St Francis College is located in Brooklyn, NY. The organization was established in 1996. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2021, St Francis College employed 607 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Francis 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 06/2021, St Francis College generated $89.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $104.9m during the year ending 06/2021. While expenses have increased by 6.6% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ST. FRANCIS COLLEGE IS AN INDEPENDENT, COEDUCATIONAL INSTITUTION (SEE SCHEDULE O)
Describe the Organization's Program Activity:
INSTRUCTIONAL - THE COLLEGE PROVIDES DIRECT SERVICES THROUGH ITS FACULTY TO APPROXIMATELY 2,300 FULL AND 190 PART TIME STUDENTS LEADING PRIMARILY TO BACCALAUREATE AND ASSOCIATE DEGREES.STUDENT AID AND OTHER- FUNDING FOR SCHOLARSHIPS, GRANTS, AND OTHER FINANCIAL AID. THE COLLEGE AWARDS FEDERAL AND STATE GRANTS AND/OR LOANS BASED UPON FINANCIAL NEED. COLLEGE FUNDED INSTITUTIONAL AND ENDOWED GRANTS/SCHOLARSHIPS ARE AWARDED BASED UPON FINANCIAL NEED AND ACADEMIC MERIT.
ACADEMIC SUPPORT - PROVIDES FUNDING FOR SUPPORT SERVICES TO THE INSTRUCTIONAL DEPARTMENTS, ACADEMIC ENHANCEMENT AND STUDENT ORIENTATION SERVICES, HONORS PROGRAMS, AND THE LIBRARY. STUDENT SERVICES - PROVIDES FUNDING FOR THE OFFICES OF ADMISSIONS, REGISTRAR, AND OTHER STUDENT RELATED SUPPORT SERVICES AND ACTIVITIES TO ENSURE STUDENTS' EMOTIONAL AND PHYSICAL WELL-BEING AND DEVELOPMENT OUTSIDE THE FORMAL INSTRUCTIONAL PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Miguel Martinez-Saenz President | Officer | 35 | $390,765 |
Thomas Flood VP Of Development | 35 | $225,666 | |
Allen Burdowski Dean Of Sciences | 35 | $218,339 | |
Maureen Lawrence Chief Financial Officer | Officer | 35 | $212,140 |
Reza Fakhari VP Of Internationalization | 35 | $206,180 | |
Monique Moore Pryor Chief Engagement Officer | 35 | $203,564 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Collins Building Services Maintenance | 6/29/21 | $821,877 |
Cullen Dykman Legal Services | 6/29/21 | $592,950 |
Kam Contracting Of Ny Inc General Contractor | 6/29/21 | $231,023 |
Squire Patton Boggs (Us) Llp Legal Services | 6/29/21 | $148,580 |
Sterling Project Developmnet Group Llc Consulting Services | 6/29/21 | $340,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $433,077 |
| Related organizations | $0 |
| Government grants | $9,950,910 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,305,677 |
| Noncash contributions included in lines 1a–1f | $952,096 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,689,664 |
| Total Program Service Revenue | $67,384,819 |
| Investment income | $617,666 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $49,136 |
| Net Gain/Loss on Asset Sales | $3,937,077 |
| Net Income from Fundraising Events | -$38,336 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $89,705,791 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $40,367,223 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,112,251 |
| Compensation of current officers, directors, key employees. | $1,345,434 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,746,606 |
| Pension plan accruals and contributions | $2,085,334 |
| Other employee benefits | $3,927,775 |
| Payroll taxes | $2,170,504 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $565,594 |
| Fees for services: Accounting | $173,913 |
| Fees for services: Lobbying | $144,150 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,023,881 |
| Advertising and promotion | $333,040 |
| Office expenses | $782,277 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,409,366 |
| Travel | $269,915 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $110,222 |
| Interest | $3,192,781 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,796,982 |
| Insurance | $0 |
| All other expenses | $876,357 |
| Total functional expenses | $104,859,043 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,910,353 |
| Savings and temporary cash investments | $9,236,655 |
| Pledges and grants receivable | $3,419,164 |
| Accounts receivable, net | $845,296 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $390,961 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,449,015 |
| Net Land, buildings, and equipment | $48,778,488 |
| Investments—publicly traded securities | $11,199,086 |
| Investments—other securities | $28,597,851 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $300,791,552 |
| Total assets | $411,618,421 |
| Accounts payable and accrued expenses | $5,922,852 |
| Grants payable | $0 |
| Deferred revenue | $35,553 |
| Tax-exempt bond liabilities | $65,413,483 |
| 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 | $281,738,077 |
| Total liabilities | $353,109,965 |
| Net assets without donor restrictions | $14,709,874 |
| Net assets with donor restrictions | $43,798,582 |
| 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 | $411,618,421 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that St Francis College has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Public Schools Athletic League Staten Island, NY PURPOSE: THE CONTRIBUTION IS TO SET UP SCHOLARSHIPS IN THE NAME OF JOHN P. TOBIN. | $15,000 |
Endowment Analysis
| Beg. Balance | $28,712,076 |
| Earnings | $15,527,868 |
| Net Contributions | $452,079 |
| Other Expense | $3,572,393 |
| Grants | $407,537 |
| Ending Balance | $40,712,093 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Berklee College Of Music Inc Boston, MA | $854,558,047 | $384,612,408 |
Ithaca College Ithaca, NY | $834,703,732 | $365,679,639 |
Trustees Of Amherst College Amherst, MA | $4,260,760,426 | $407,702,412 |
Wellesley College Wellsley, MA | $4,125,529,097 | $515,515,442 |
Touro University New York, NY | $558,489,117 | $321,976,604 |
Williams College Williamstown, MA | $5,589,417,372 | $397,351,793 |
Wesleyan University Middletown, CT | $1,706,429,000 | $326,592,000 |
Saint Josephs University Philadelphia, PA | $901,366,941 | $347,052,680 |
Emerson College Boston, MA | $1,139,244,716 | $275,696,398 |
Colgate University Treasurers Office Hamilton, NY | $1,984,946,016 | $378,114,548 |
Trustees Of The College Of The Holy Cross Worcester, MA | $1,320,181,892 | $265,241,305 |
Babson College Babson Park, MA | $1,084,295,364 | $304,101,925 |