Manhattan College
- Assets
- $427.4m
- Revenue
- $221.7m
- Investments
- $7.1m
- Employees
- 1,916
- Location
- Riverdale, NY
- Founding
- 02/1929
- Data as of
- 06/2022
- EIN
- 13-1740468
Organization Overview
Manhattan College is located in Riverdale, NY. The organization was established in 1929. 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, Manhattan College employed 1,916 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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 06/2022, Manhattan College generated $221.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $213.6m during the year ending 06/2022. While expenses have increased by 2.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MANHATTAN COLLEGE IS AN INDEPENDENT CATHOLIC INSTITUTION OF HIGHER LEARNING THAT EMBRACES QUALIFIED MEN AND WOMEN OF ALL FAITHS, CULTURES, AND TRADITIONS. THE MISSION OF THE COLLEGE IS TO PROVIDE A CONTEMPORARY, PERSON-CENTERED EDUCATIONAL EXPERIENCE THAT PREPARES GRADUATES FOR LIVES OF PERSONAL DEVELOPMENT, PROFESSIONAL SUCCESSES, CIVIC ENGAGEMENT, AND SERVICE TO THEIR FELLOW HUMAN BEINGS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANHATTAN COLLEGE IS AN INDEPENDENT CATHOLIC INSTITUTION OF HIGHER LEARNING THAT OFFERS THE VARIETY OF ACADEMIC PROGRAMMING FOUND AT A LARGE UNIVERSITY, BUT WITH THE PERSONALIZED LEARNING EXPERIENCE OF A SMALL, LIBERAL ARTS SCHOOL. THE COLLEGE'S 6 DISTINCT SCHOOLS, THE SCHOOL OF LIBERAL ARTS, THE SCHOOL OF SCIENCE, THE SCHOOL OF ENGINEERING, THE SCHOOL OF EDUCATION AND HEALTH, THE O'MALLEY SCHOOL OF BUSINESS AND THE SCHOOL OF CONTINUING AND PROFESSIONAL STUDIES OFFER MORE THAN 100 MAJORS, MINORS, GRADUATE PROGRAMS AND ADVANCED CERTIFICATES, AS WELL AS DEGREEES THAT CAN BE EARNED FULLY ONLINE OR COMBINED WITH A TRADITIONAL CLASSROOM EXPERIENCE. WITH A 12:1 STUDENT-TO-FACULTY RATIO, A CATALOG OF COURSES THAT USES NEW YORK CITY AS A CLASSROOM AND A CURRICULUM BUILT ON A STRONG LIBERAL ARTS FOUNDATION OUR STUDENTS LAND INTERNSHIPS AND JOBS AT FORTUNE 500 COMPANIES AND CONDUCT RESEARCH THAT MAKES A REAL IMPACT IN THE WORLD. THE COLLEGE EDUCATES APPROXIMATELY 3,500 UNDERGRADUATE AND 600 GRADUATE STUDENTS.
AUXILIARY SERVICES INCLUDE THE COST OF ROOM AND BOARD FOR APPROXIMATELY 1,106 FULL TIME UNDERGRADUATE STUDENTS LIVING IN TRADITIONAL RESIDENCE HALL, SUITE STYLE AND APARTMENT STYLE BUILDINGS ON OUR 22 ACRE CAMPUS. THE COLLEGE OFFERS A FOUR YEAR GUARANTEE OF RESIDENT HOUSING. ADDITIONALLY, GRADUATE STUDENTS ARE OFFERED HOUSING IN AN APARTMENT STYLE BUILDING. AUXILIARY SERVICES ALSO INCLUDES CAMPUS SERVICES OFFERED IN SUPPORT OF EDUCATIONAL ACTIVITIES TO STUDENTS, FACULTY AND STAFF SUCH AS THE BOOKSTORE AND CAFETERIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Brennan O'donnell President | OfficerTrustee | 40 | $921,965 |
William Dooley Trustee, Chair | OfficerTrustee | 1 | $0 |
Br Frank G Byrne Vice Chair | OfficerTrustee | 1 | $0 |
Rosanne Thomas Matzat Vice Chair | OfficerTrustee | 1 | $0 |
Mary Anne Avella Trustee | Trustee | 1 | $0 |
John Banks III Trustee Through Oct. 2021 | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aramark Services Facilities And Food Service | 6/29/22 | $18,552,341 |
Pavarini North East Construction Co In Construction | 6/29/22 | $2,120,101 |
Education Advisory Board Recruitment Service | 6/29/22 | $834,217 |
Ad Line Nyc Inc Construction | 6/29/22 | $547,632 |
Ellucian Company Lp Information Technology | 6/29/22 | $442,094 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,409,674 |
| Related organizations | $0 |
| Government grants | $6,171,565 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,436,413 |
| Noncash contributions included in lines 1a–1f | $4,476,604 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,017,652 |
| Total Program Service Revenue | $179,791,354 |
| Investment income | $2,990,110 |
| Tax Exempt Bond Proceeds | $30 |
| Royalties | $8,177 |
| Net Rental Income | $508,304 |
| Net Gain/Loss on Asset Sales | $146,048 |
| Net Income from Fundraising Events | -$262,504 |
| Net Income from Gaming Activities | $500 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $221,694,367 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $77,361,527 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,198,686 |
| Compensation of current officers, directors, key employees. | $1,058,214 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $58,456,286 |
| Pension plan accruals and contributions | $1,765,344 |
| Other employee benefits | $12,824,744 |
| Payroll taxes | $4,501,969 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $340,663 |
| Fees for services: Accounting | $28,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $122,011 |
| Fees for services: Other | $5,615,198 |
| Advertising and promotion | $1,025,886 |
| Office expenses | $2,031,170 |
| Information technology | $2,114,041 |
| Royalties | $0 |
| Occupancy | $13,361,839 |
| Travel | $2,944,036 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $222,160 |
| Interest | $3,635,596 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,713,767 |
| Insurance | $1,588,212 |
| All other expenses | $668,618 |
| Total functional expenses | $213,614,956 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,163,399 |
| Savings and temporary cash investments | $9,707,186 |
| Pledges and grants receivable | $25,780,371 |
| Accounts receivable, net | $3,264,085 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $35,346 |
| Prepaid expenses and deferred charges | $141,980 |
| Net Land, buildings, and equipment | $230,711,526 |
| Investments—publicly traded securities | $122,691,848 |
| Investments—other securities | $7,071,415 |
| Investments—program-related | $539,362 |
| Intangible assets | $0 |
| Other assets | $1,329,655 |
| Total assets | $427,436,173 |
| Accounts payable and accrued expenses | $14,372,845 |
| Grants payable | $0 |
| Deferred revenue | $9,642,882 |
| Tax-exempt bond liabilities | $92,066,977 |
| 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 | $4,965,212 |
| Total liabilities | $121,047,916 |
| Net assets without donor restrictions | $144,385,229 |
| Net assets with donor restrictions | $162,003,028 |
| 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 | $427,436,173 |