Russell Sage College
- Assets
- $100.7m
- Revenue
- $74.4m
- Investments
- $19.7m
- Employees
- 1,241
- Location
- Troy, NY
- Founding
- 01/1945
- Data as of
- 06/2022
- EIN
- 14-1338488
Organization Overview
Russell Sage College is located in Troy, NY. The organization was established in 1945. 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, Russell Sage College employed 1,241 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Russell Sage 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, Russell Sage College generated $74.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $71.9m during the year ending 06/2022. 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
COLLEGIATE EDUCATION OF STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLEGIATE EDUCATION OF STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Bellardini Trustee | Trustee | 1 | $0 |
John Bennett MD Trustee | Trustee | 1 | $0 |
Therese Bentley Trustee | Trustee | 1 | $0 |
Judith Campisi Trustee | Trustee | 1 | $0 |
Jeanne Marie Cioppa-Mosca Trustee | Trustee | 1 | $0 |
Christopher Dahl Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
University Heights Associates Security Staff & Shuttle Drives | 6/29/23 | $1,307,873 |
T Mcelligot Inc Construction | 6/29/23 | $499,346 |
Nexstar Bradcasting Inc Advertising | 6/29/23 | $359,000 |
Paul Davis Systems Of The Capital Distri Construction | 6/29/23 | $320,578 |
Ellucian Company Lp Software Maintenance | 6/29/23 | $492,786 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,595,020 |
| Investment income | $411,657 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $147,468 |
| Net Gain/Loss on Asset Sales | $2,082,382 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $74,420,927 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $25,929,509 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,390,190 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,900,260 |
| Pension plan accruals and contributions | $660,807 |
| Other employee benefits | $2,856,312 |
| Payroll taxes | $1,500,208 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $136,597 |
| Fees for services: Accounting | $119,131 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $410,665 |
| Fees for services: Other | $3,263,345 |
| Advertising and promotion | $187,596 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,716,352 |
| Travel | $327,801 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $474,051 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,041,785 |
| Insurance | $800,312 |
| All other expenses | $0 |
| Total functional expenses | $71,869,398 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,615,967 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,544,087 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $31,006 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,321,382 |
| Investments—publicly traded securities | $22,772,902 |
| Investments—other securities | $19,733,295 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,149,564 |
| Total assets | $100,657,700 |
| Accounts payable and accrued expenses | $5,320,656 |
| Grants payable | $0 |
| Deferred revenue | $6,290,668 |
| Tax-exempt bond liabilities | $7,800,277 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,453,522 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,064,946 |
| Total liabilities | $23,930,069 |
| Net assets without donor restrictions | $39,761,729 |
| Net assets with donor restrictions | $36,965,902 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $76,727,631 |