Purchase College Association Inc Suny College At Purchase
- Assets
- $7.4m
- Revenue
- $12.4m
- Investments
- $1.0m
- Employees
- 55
- Location
- Purchase, NY
- Founding
- 04/1982
- Data as of
- 06/2022
- EIN
- 13-3024624
Organization Overview
Purchase College Association Inc Suny College At Purchase is located in Purchase, NY. The organization was established in 1982. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2022, Purchase College Association Inc Suny College At Purchase employed 55 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Purchase College Association Inc Suny College At Purchase 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, Purchase College Association Inc Suny College At Purchase generated $12.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.9% each year . All expenses for the organization totaled $11.1m during the year ending 06/2022. While expenses have increased by 16.9% 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
TO PROVIDE AUXILIARY SERVICES TO THE STUDENTS, FACULTY, AND STAFF OF PURCHASE COLLEGE, SUNY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FOOD SERVICES TO STUDENTS, FACULTY, STAFF AND THE COMMUNITY.
TO PROVIDE HEALTH INSURANCE FOR STUDENTS.
PARKING AND TRANSPORTATION, BOOKSTORE, LAUNDRY, CABLE, VENDING, AND OTHER SERVICES PROVIDED TO RESIDENTIAL AND COMMUTER STUDENTS.
FISCAL AGENT TO STUDENT GOVERNMENT AND COMMENCEMENT REGALIA SALES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Savolskis Executive Director | Officer | 37.5 | $145,693 |
Dennis Craig President | OfficerTrustee | 4 | $0 |
Judith Nolan Treasurer | OfficerTrustee | 4 | $0 |
Melissa Glazer Director | Trustee | 1 | $0 |
Barbara Washington Director | Trustee | 1 | $0 |
Carrie Marten Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Chartwells Food Services | 6/29/22 | $7,710,324 |
J&r Tours Bus Shuttle Service | 6/29/22 | $626,951 |
Apogee Cable Tv | 6/29/22 | $173,564 |
Automatic Laundry Laundry | 6/29/22 | $123,484 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,954,295 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,954,295 |
| Total Program Service Revenue | $10,183,444 |
| Investment income | $35,344 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $197,419 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,412,930 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $460,992 |
| Pension plan accruals and contributions | $40,233 |
| Other employee benefits | $89,930 |
| Payroll taxes | $37,348 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,010 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $52,555 |
| Fees for services: Other | $192,624 |
| Advertising and promotion | $0 |
| Office expenses | $444 |
| Information technology | $9,150 |
| Royalties | $0 |
| Occupancy | $112,951 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,366 |
| Insurance | $62,968 |
| All other expenses | $254,742 |
| Total functional expenses | $11,116,231 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,908,782 |
| Savings and temporary cash investments | $1,096,201 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $141,754 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,110 |
| Net Land, buildings, and equipment | $48,128 |
| Investments—publicly traded securities | $2,080,423 |
| Investments—other securities | $1,000,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $80,625 |
| Total assets | $7,359,023 |
| Accounts payable and accrued expenses | $586,989 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $937,671 |
| Total liabilities | $1,524,660 |
| Net assets without donor restrictions | $5,834,363 |
| Net assets with donor restrictions | $0 |
| 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 | $7,359,023 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Purchase College Association Inc Suny College At Purchase has recieved totaling $46,000.
| Awarding Organization | Amount |
|---|---|
Student Senate Association Of Purchase Inc-State U Of Ny Purchase, NY PURPOSE: PROVIDE GRANT FOR GYM | $46,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Albertus Magnus College New Haven, CT | $71,777,424 | $46,097,293 |
Vaughn College Of Aeronautics And Technology East Elmhurst, NY | $105,761,771 | $41,818,773 |
Thiel College Greenville, PA | $97,550,860 | $47,464,141 |
Cambridge College Inc Boston, MA | $83,415,943 | $41,615,020 |
College Of Our Lady Of The Elms Chicopee, MA | $76,626,054 | $46,446,695 |
Concordia College At Bronxville Bronxville, NY | $58,273,921 | $38,883,009 |
Cazenovia College Cazenovia, NY | $61,316,762 | $34,879,477 |
Saint Elizabeth University Morristown, NJ | $73,861,677 | $41,908,797 |
Paul Smiths College Of Arts And Sciences Paul Smiths, NY | $83,057,888 | $35,545,491 |
Academy Of The New Church Bryn Athyn, PA | $413,557,048 | $53,821,193 |
Wilson College Chambersburg, PA | $116,652,606 | $41,060,333 |
Houghton University Houghton, NY | $128,730,517 | $37,909,785 |