Nyack College
- Assets
- $64.6m
- Revenue
- $78.3m
- Investments
- $0.0
- Employees
- 661
- Location
- New York, NY
- Founding
- 01/1958
- Data as of
- 06/2021
- EIN
- 13-1740285
Organization Overview
Nyack College is located in New York, NY. The organization was established in 1958. 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, Nyack College employed 661 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nyack 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, Nyack College generated $78.3m 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 $54.0m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
NYACK COLLEGE, A CHRISTIAN & MISSIONARY ALLIANCE EDUCATIONAL INSTITUTION, THROUGH ITS UNDERGRADUATE, GRADUATE AND SEMINARY PROGRAMS, PURSUES ITS HISTORICAL MISSION OF PREPARING MEN & WOMEN TO "TAKE THE WHOLE GOSPEL TO THE WHOLE WORLD."
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION OF 2,479 STUDENTS AT CAMPUSES LOCATED IN NYACK AND LOWER MANHATTAN, NEW YORK WITH AN EXTENSION SITE LOCATED IN PUERTO RICO, PLUS ONLINE PROGRAMS
STUDENT SERVICES AND AUXILIARY ENTERPRISES
ACADEMIC SUPPORT
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Michael G Scales - 63021 President | OfficerTrustee | 40 | $206,293 |
David F Turk Provost & VP | 40 | $154,334 | |
David C Jennings Exec Vp/treas. | Officer | 40 | $138,000 |
Stephen Maret Prof Of Psychology | 40 | $114,148 | |
Cornelius F Spitzer CFO | 35 | $109,668 | |
Anita L Underwood Dean Bus & Leadrsh | 40 | $108,193 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Oak Security Group Llc Security | 6/29/21 | $106,143 |
Bkd Llp Accounting/audit | 6/29/21 | $104,500 |
Pryor Cashman Llp Legal Service | 6/29/21 | $449,703 |
Electric Symphony Llc Contractor | 6/29/21 | $415,150 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $737,499 |
| Government grants | $9,320,086 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,837,132 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,894,717 |
| Total Program Service Revenue | $36,412,528 |
| Investment income | $343,359 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $28,460,642 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $78,302,842 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $17,515,807 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $529,382 |
| Compensation of current officers, directors, key employees. | $529,382 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,164,444 |
| Pension plan accruals and contributions | $542 |
| Other employee benefits | $2,037,022 |
| Payroll taxes | $772,654 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $80,423 |
| Fees for services: Accounting | $119,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,337 |
| Fees for services: Other | $3,147,905 |
| Advertising and promotion | $489,085 |
| Office expenses | $827,888 |
| Information technology | $145,415 |
| Royalties | $0 |
| Occupancy | $4,759,508 |
| Travel | $123,603 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,347,327 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,112,413 |
| Insurance | $530,449 |
| All other expenses | $230,680 |
| Total functional expenses | $54,015,204 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,485,743 |
| Pledges and grants receivable | $5,627,680 |
| Accounts receivable, net | $1,876,474 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $275,761 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,509,682 |
| Net Land, buildings, and equipment | $48,052,589 |
| Investments—publicly traded securities | $1,198,501 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,538,295 |
| Total assets | $64,564,725 |
| Accounts payable and accrued expenses | $2,793,478 |
| Grants payable | $0 |
| Deferred revenue | $1,421,007 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $51,620,317 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,320,191 |
| Total liabilities | $59,154,993 |
| Net assets without donor restrictions | -$9,445,631 |
| Net assets with donor restrictions | $14,855,363 |
| 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 | $64,564,725 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Nyack College has recieved totaling $221,758.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $115,100 |
Lilly Endowment Inc Indianapolis, IN PURPOSE: PATHWAYS FOR TOMORROW INITIATIVE | $50,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $14,958 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $12,200 |
Sunnyglen Foundation Inc Princeton Junction, NJ PURPOSE: EDUCATIONAL SUPPORT | $10,000 |
Thrivent Charitable Impact & Investing Appleton, WI PURPOSE: ALUMNI FUND | $8,138 |
Endowment Analysis
| Beg. Balance | $13,873,862 |
| Earnings | $749,172 |
| Net Contributions | $123,569 |
| Grants | $210,650 |
| Ending Balance | $14,535,953 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Champlain College Inc Burlington, VT | $240,784,775 | $119,718,125 |
Nazareth College Of Rochester Rochester, NY | $299,176,817 | $122,635,159 |
Curry College Milton, MA | $220,105,546 | $116,112,495 |
Cooper Union For The Advancement Of Science And Art New York, NY | $1,192,737,106 | $135,635,048 |
Regis College Weston, MA | $109,512,086 | $107,679,867 |
St Francis College Brooklyn, NY | $411,618,421 | $89,705,791 |
Utica University Utica, NY | $156,931,603 | $105,142,781 |
College Of Mount Saint Vincent Riverdale, NY | $139,449,317 | $110,010,056 |
Lebanon Valley College Annville, PA | $214,348,628 | $104,612,783 |
Seton Hill University Greensburg, PA | $189,465,294 | $99,847,300 |
Juniata College Huntingdon, PA | $246,892,473 | $100,031,718 |
Washington And Jefferson College Washington, PA | $317,857,588 | $82,152,318 |