Russell Sage College
- Assets
- $100.7m
- Revenue
- $74.4m
- Investments
- $19.7m
- Employees
- 1,153
- 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 06/2022, Russell Sage College employed 1,153 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 7 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
COLLEGIATE EDUCATION OF STUDENTS.
Describe the Organization's Program Activity:
COLLEGIATE EDUCATION OF STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Ames President | OfficerTrustee | 40 | $317,379 |
Frederick Barthelmas VP Fin/treasurer | Officer | 40 | $197,438 |
Thomas W Nesbitt VP Enrollment Management | Officer | 40 | $166,016 |
Theresa Hand Provost | Officer | 40 | $157,474 |
Kathryn Adams VP Institutional Advancement | Officer | 40 | $151,136 |
Deborah Lawrence Dean Rsc | 40 | $127,691 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
University Heights Associates Security Staff & Shuttle Drives | 6/29/22 | $881,723 |
Bast Hatfield Construction Llc Construction | 6/29/22 | $867,604 |
Architecture Architecturial Services | 6/29/22 | $236,525 |
Huron Consulting Group Inc Construction | 6/29/22 | $193,423 |
Uhy Llp Accounting | 6/29/22 | $119,823 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,282,325 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,312,695 |
| Noncash contributions included in lines 1a–1f | $54,310 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,595,020 |
| Total Program Service Revenue | $62,134,012 |
| 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 organizations and domestic governments. | $0 |
| 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 of current officers, directors, key employees. | $317,102 |
| 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 | $3,187,658 |
| 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 |
| Net Land, buildings, and equipment | $44,489,497 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $100,657,700 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Russell Sage College has recieved totaling $200,070.
| Awarding Organization | Amount |
|---|---|
The Community Foundation For The Greater Capital Region Inc Albany, NY PURPOSE: FOR OPALKA SCHOLARSHIPS, CORPORATE CONNECTIONS, THE OPALKA GALLER, AND FOR UNRESTRICTED USE | $57,500 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $54,500 |
Julia O Wells Memorial Education Foundation Inc Latham, NY PURPOSE: COLLEGE GRANT | $35,500 |
Cleveland Foundation Cleveland, OH PURPOSE: RUSSELL SAGE COLLEGE - GENERAL SUPPORT | $16,020 |
Oconnor Foundation Delhi, NY PURPOSE: SCHOLARSHIPS | $15,000 |
Buchman Foundation Inc Catskill, NY PURPOSE: TO SUPPORT GOOD WORK CHARITIES - BUCHMAN ENDOWMENT FUND | $10,000 |
Endowment Analysis
| Beg. Balance | $47,498,336 |
| Earnings | -$4,088,437 |
| Net Contributions | $370,759 |
| Other Expense | $1,465,030 |
| Ending Balance | $42,315,628 |
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 |