University Of Mount Saint Vincent
- Assets
- $144.0m
- Revenue
- $108.2m
- Investments
- $30.4m
- Employees
- 1,283
- Location
- Riverdale, NY
- Founding
- 06/1970
- Data as of
- 06/2023
- EIN
- 13-1740445
Organization Overview
University Of Mount Saint Vincent is located in Riverdale, NY. The organization was established in 1970. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2023, University Of Mount Saint Vincent employed 1,283 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Mount Saint Vincent 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 06/2023, University Of Mount Saint Vincent generated $108.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $105.3m during the year ending 06/2023. While expenses have increased by 9.2% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
FOUNDED BY THE SISTERS OF CHARITY OF NEW YORK, THE UNIVERSITY OF (CONTINUED ON SCHEDULE O). MOUNT SAINT VINCENT IS AN ACADEMICALLY EXCELLENT, AUTHENTICALLY INCLUSIVE, CATHOLIC AND ECUMENICAL LIBERAL ARTS UNIVERSITY.
Describe the Organization's Program Activity:
UNIVERSITY OF MOUNT SAINT VINCENT IS A SCHOOL OF HIGHER EDUCATION FORMED IN THE CATHOLIC TRADITION, BUT NONSECTARIAN. WE HAVE A DIVERSE STUDENT POPULATION BOTH ETHNICALLY AND ECONOMICALLY. WE OFFER 3 ASSOCIATE, 25 BACCALAUREATE, AND 8 GRADUATE MAJORS. WE AWARD B.A. AND B.S. DEGREES ON THE UNDERGRADUATE LEVEL. IN ADDITION, WE AWARD POST-GRADUATE CERTIFICATES, M.S. AND M.B.A. DEGREES ON THE GRADUATE LEVEL. (CONT. IN SCH.O)OUR STUDENT BODY IS COMPOSED OF MORE THAN 1,800 FULL AND PART-TIME STUDENTS. THE UNIVERSITY OFFERS FULL-TIME STUDENTS A RESIDENCE PROGRAM DESIGNED TO ENHANCE THEIR ENGAGEMENT, LEARNING, AND CITIZENSHIP. THE UNIVERSITY MAINTAINS FIVE RESIDENCE HALLS, EACH HOUSING BETWEEN 75 AND 250 STUDENTS AND OFFERING A VARIETY OF AMENITIES, INCLUDING STUDY-LOUNGES, KITCHENETTES, AND LAUNDRY ROOMS. WE HAVE AN EDUCATION CENTER IN QUEENS, NY WHICH IS USED FOR AN ACCELERATED NURSING DEGREE PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan R Burns President | OfficerTrustee | 40 | $361,175 |
Steven Hayes Chair | OfficerTrustee | 1 | $0 |
Donna Dodge Vice Chair | OfficerTrustee | 1 | $0 |
Stefano Acunto Secretary (thru 02/2023) | OfficerTrustee | 1 | $0 |
Margaret Obrien Sc Trustee/secretary (as Of 02/2023) | OfficerTrustee | 1 | $0 |
Paula Marie Buley Ihm Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Eab Student Enrollment | 6/29/23 | $1,425,526 |
Diamond Builders Group Construction | 6/29/23 | $1,380,555 |
Assessment Technologies Institute Llc Test Preparation | 6/29/23 | $643,560 |
Pepcon Construction | 6/29/23 | $846,143 |
Griffith Construction Corp Construction | 6/29/23 | $1,092,367 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $127,672 |
| Related organizations | $0 |
| Government grants | $6,867,275 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,180,533 |
| Noncash contributions included in lines 1a–1f | $54,128 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,175,480 |
| Total Program Service Revenue | $92,611,478 |
| Investment income | $281,080 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $557,857 |
| Net Gain/Loss on Asset Sales | -$365,753 |
| Net Income from Fundraising Events | $202,916 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$26,584 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $108,174,145 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $36,790,672 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $925,307 |
| Compensation of current officers, directors, key employees. | $671,321 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $30,993,108 |
| Pension plan accruals and contributions | $1,070,719 |
| Other employee benefits | $3,448,531 |
| Payroll taxes | $2,356,733 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $348,460 |
| Fees for services: Accounting | $356,517 |
| Fees for services: Lobbying | $566 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $71,182 |
| Fees for services: Other | $1,647,652 |
| Advertising and promotion | $216,240 |
| Office expenses | $1,143,309 |
| Information technology | $1,087,046 |
| Royalties | $0 |
| Occupancy | $4,157,352 |
| Travel | $400,146 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $90,290 |
| Interest | $346,740 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,569,082 |
| Insurance | $1,038,313 |
| All other expenses | $2,296,047 |
| Total functional expenses | $105,310,657 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,121,699 |
| Pledges and grants receivable | $2,538,798 |
| Accounts receivable, net | $4,754,281 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $611,995 |
| Inventories for sale or use | $167,600 |
| Prepaid expenses and deferred charges | $348,645 |
| Net Land, buildings, and equipment | $76,945,165 |
| Investments—publicly traded securities | $13,765,065 |
| Investments—other securities | $30,442,639 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,288,451 |
| Total assets | $143,984,338 |
| Accounts payable and accrued expenses | $2,482,934 |
| Grants payable | $0 |
| Deferred revenue | $4,667,599 |
| Tax-exempt bond liabilities | $21,950,294 |
| Escrow or custodial account liability | $907,003 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $7,965,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,168,380 |
| Total liabilities | $44,141,210 |
| Net assets without donor restrictions | $61,417,727 |
| Net assets with donor restrictions | $38,425,401 |
| 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 | $143,984,338 |