Marymount Manhattan College

Organization Overview

Marymount Manhattan College is located in New York, NY. The organization was established in 1962. 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, Marymount Manhattan College employed 990 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marymount Manhattan 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 06/2020, Marymount Manhattan College generated $102.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $84.4m during the year ending 06/2020. While expenses have increased by 2.9% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

MARYMOUNT MANHATTAN COLLEGE IS AN URBAN, INDEPENDENT, LIBERAL ARTS COLLEGE (SEE SCHEDULE O).

Describe the Organization's Program Activity:

Part 3 - Line 4a

INSTITUTIONAL PROGRAM ACTIVITIES. OFFERING ASSISTANCE TO STUDENTS IN NEED IS ESSENTIAL TO ACHIEVE THE COLLEGE'S GOAL TO SERVE A SOCIALLY AND ECONOMICALLY DIVERSE STUDENT BODY. MMC CURRENTLY EDUCATES OVER 1,900 FULL- AND PART-TIME STUDENTS REPRESENTING 46 STATES AND 19 COUNTRIES. APPROXIMATELY 39.5% OF OUR STUDENTS ARE MINORITIES, AND 9.9% ARE DEGREE-SEEKING RETURNING ADULTS. MMC STUDENTS CAN PURSUE DEGREES IN 34 MAJOR PROGRAMS OF STUDY, CHOOSE FROM AMONG 45 MINORS AND PRE-PROFESSIONAL PROGRAMS, HOLD INTERNSHIPS AT RENOWNED NEW YORK CITY COMPANIES, ENGAGE IN SOPHISTICATED RESEARCH PROJECTS, STUDY ABROAD, AND PARTICIPATE IN SERVICE-LEARNING OPPORTUNITIES. SEE SCHEDULE O.


AUXILIARY SERVICES. DURING FISCAL 2021, APPROXIMATELY 344 STUDENTS MAKE THEIR HOME AT MMC. THE 55TH STREET RESIDENCE IS OWNED BY THE COLLEGE AND IS THE FIRST-YEAR RESIDENCE HALL. CONTINUING STUDENTS LIVE AT THE COOPER SQUARE RESIDENCE HALL. EACH HALL IS LOCATED WITHIN A 30 MINUTE COMMUTE OF THE COLLEGE AND STAFFED WITH 24-HOUR SECURITY. RESIDENCE DIRECTORS AND RESIDENT ADVISORS STRIVE TO CREATE A SENSE OF COMMUNITY BY PROVIDING EDUCATIONAL AND SOCIAL PROGRAMS. SEE SCHEDULE O.


ACADEMIC ACCESS. THE PROGRAM FOR ACADEMIC ACCESS ADDRESSES MANY FUNDAMENTAL PRINCIPLES OF MARYMOUNT MANHATTAN'S MISSION. IT IS A PROGRAM FOR STUDENTS WITH LEARNING DISABILITIES THAT IS SPECIFICALLY DESIGNED TO FOSTER ACADEMIC SUCCESS. THROUGH ACCOMMODATIONS AND MULTIFACETED SUPPORT, STUDENTS WITH LEARNING DIFFICULTIES ARE ABLE TO MANAGE THE MARYMOUNT MANHATTAN CURRICULUM ALONG WITH THEIR PEERS AND CLASSMATES. SEE SCHEDULE O.


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Outside Vendors & Contractors

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Cleaning Services
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Food Services
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Champion Elevator Corp
Maintenance
$458,520
Winfield Security Corporation
Security Services
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Dsk Dewing Schmid Kearns
Architect Services
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Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$18,326,251
Investment income $946,547
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$11,436
Net Gain/Loss on Asset Sales $10,570,476
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $59,150
Miscellaneous Revenue$0
Total Revenue $102,629,216

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Marymount Manhattan College has recieved totaling $42,885.

Awarding OrganizationAmount
Anonymous Trust

Raleigh, NC

PURPOSE: SCHOLARSHIP FOR AUSTIN KONNOR BROWN

$31,885
George E & Kathleen E Austin Foundation

Bronxville, NY

PURPOSE: TO FURTHER DONEE'S EXEMPT PURPOSES

$9,000
$2,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$21,143,119
Earnings$6,439,993
Net Contributions$4,141,334
Grants$796,712
Ending Balance$30,927,734

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