Siena College
- Assets
- $359.0m
- Revenue
- $209.3m
- Investments
- $137.3m
- Employees
- 1,886
- Location
- Loudonville, NY
- Founding
- 05/1948
- Data as of
- 05/2022
- EIN
- 14-1338498
Organization Overview
Siena College is located in Loudonville, NY. The organization was established in 1948. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 05/2022, Siena College employed 1,886 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Siena 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 05/2022, Siena College generated $209.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $197.9m during the year ending 05/2022. While expenses have increased by 3.6% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher P Gibson President | OfficerTrustee | 60 | $417,823 |
Carmen Maciariello Head Coach Men's Basketball | 40 | $362,450 | |
Margaret Madden Provost Senior Vice President | Officer | 55 | $281,043 |
Paul Stec Vice President | Officer | 50 | $232,381 |
David Smith Vice President | Officer | 50 | $221,202 |
Charles Seifert Dean Of Business | Officer | 50 | $198,212 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Avi Foodsystems Inc Food Services | 5/30/22 | $8,879,815 |
Creative Communications Associates Higher Education Marketing | 5/30/22 | $895,782 |
St Peter's Hospital Health Services Management | 5/30/22 | $475,253 |
Reconmr-reconnaissance Market Research Survey/data Collection | 5/30/22 | $344,359 |
Two Oceans Education Partners Higher Education Marketing | 5/30/22 | $364,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $189,185 |
| Related organizations | $0 |
| Government grants | $7,912,757 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,661,520 |
| Noncash contributions included in lines 1a–1f | $1,311,838 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,763,462 |
| Total Program Service Revenue | $180,948,823 |
| Investment income | $3,721,911 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $288,127 |
| Net Rental Income | -$168,377 |
| Net Gain/Loss on Asset Sales | $6,724,053 |
| Net Income from Fundraising Events | $7,262 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $209,305,526 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,996 |
| Grants and other assistance to domestic individuals. | $83,585,036 |
| Grants and other assistance to Foreign Orgs/Individuals | $3,727,001 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,154,544 |
| Compensation of current officers, directors, key employees. | $735,942 |
| Compensation to disqualified persons | $15,714 |
| Other salaries and wages | $49,139,482 |
| Pension plan accruals and contributions | $4,063,375 |
| Other employee benefits | $10,748,652 |
| Payroll taxes | $3,647,704 |
| Fees for services: Management | $261,459 |
| Fees for services: Legal | $123,459 |
| Fees for services: Accounting | $316,370 |
| Fees for services: Lobbying | $243 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $490,981 |
| Fees for services: Other | $5,645,138 |
| Advertising and promotion | $312,810 |
| Office expenses | $0 |
| Information technology | $189,448 |
| Royalties | $0 |
| Occupancy | $2,147,940 |
| Travel | $2,199,200 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $764,514 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,981,196 |
| Insurance | $1,125,720 |
| All other expenses | $2,602,272 |
| Total functional expenses | $197,889,456 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,612,247 |
| Savings and temporary cash investments | $45,005 |
| Pledges and grants receivable | $14,951,984 |
| Accounts receivable, net | $2,813,388 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $673,090 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,025,668 |
| Net Land, buildings, and equipment | $120,814,177 |
| Investments—publicly traded securities | $47,084,970 |
| Investments—other securities | $137,319,544 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,639,540 |
| Total assets | $358,979,613 |
| Accounts payable and accrued expenses | $14,181,861 |
| Grants payable | $0 |
| Deferred revenue | $4,093,262 |
| Tax-exempt bond liabilities | $27,243,841 |
| 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 | $13,094,766 |
| Total liabilities | $58,613,730 |
| Net assets without donor restrictions | $153,008,479 |
| Net assets with donor restrictions | $147,357,404 |
| 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 | $358,979,613 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Siena College has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
William R Raub Memorial Foundation Ridgewood, NJ PURPOSE: WILLIAM R. RAUB SCHOLARSHIP FUND | $5,000 |
Endowment Analysis
| Beg. Balance | $177,934,440 |
| Earnings | -$564,305 |
| Net Contributions | $2,213,728 |
| Other Expense | $1,163,439 |
| Grants | $3,041,404 |
| Ending Balance | $175,379,020 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Berklee College Of Music Inc Boston, MA | $854,558,047 | $384,612,408 |
Ithaca College Ithaca, NY | $834,703,732 | $365,679,639 |
Trustees Of Amherst College Amherst, MA | $4,260,760,426 | $407,702,412 |
Wellesley College Wellsley, MA | $4,125,529,097 | $515,515,442 |
Touro University New York, NY | $558,489,117 | $321,976,604 |
Williams College Williamstown, MA | $5,589,417,372 | $397,351,793 |
Wesleyan University Middletown, CT | $1,706,429,000 | $326,592,000 |
Saint Josephs University Philadelphia, PA | $901,366,941 | $347,052,680 |
Emerson College Boston, MA | $1,139,244,716 | $275,696,398 |
Colgate University Treasurers Office Hamilton, NY | $1,984,946,016 | $378,114,548 |
Trustees Of The College Of The Holy Cross Worcester, MA | $1,320,181,892 | $265,241,305 |
Babson College Babson Park, MA | $1,084,295,364 | $304,101,925 |