Vassar College
- Assets
- $1.8b
- Revenue
- $307.2m
- Investments
- $973.2m
- Employees
- 3,369
- Location
- Poughkeepsie, NY
- Founding
- 04/1938
- Data as of
- 06/2022
- EIN
- 14-1338587
Organization Overview
Vassar College is located in Poughkeepsie, NY. The organization was established in 1938. 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, Vassar College employed 3,369 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vassar 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, Vassar College generated $307.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $294.8m 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.
Since 2015, Vassar College has awarded 26 individual grants totaling $198,302. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF VASSAR COLLEGE IS TO MAKE ACCESSIBLE "THE MEANS OF A THOROUGH, WELL-PROPORTIONED AND LIBERAL EDUCATION" THAT INSPIRES EACH INDIVIDUAL TO LEAD A PURPOSEFUL LIFE. THE COLLEGE MAKES POSSIBLE AN EDUCATION THAT PROMOTES ANALYTICAL, INFORMED, AND INDEPENDENT THINKING AND SOUND JUDGMENT; ENCOURAGES ARTICULATE EXPRESSION; AND NURTURES INTELLECTUAL CURIOSITY, CREATIVITY, RESPECTFUL DEBATE AND ENGAGED CITIZENSHIP. VASSAR SUPPORTS A HIGH STANDARD OF ENGAGEMENT IN TEACHING AND LEARNING, SCHOLARSHIP AND ARTISTIC ENDEAVOR; A BROAD AND DEEP CURRICULUM; AND A RESIDENTIAL CAMPUS THAT FOSTERS A LEARNING COMMUNITY. FOUNDED IN 1861 TO PROVIDE WOMEN AN EDUCATION EQUAL TO THAT ONCE AVAILABLE ONLY TO MEN, VASSAR IS NOW OPEN TO ALL AND STRIVES TO PURSUE DIVERSITY, INCLUSION, AND EQUITY AS ESSENTIAL COMPONENTS OF A RICH INTELLECTUAL AND CULTURAL ENVIRONMENT IN WHICH ALL MEMBERS, INCLUDING THOSE FROM UNDERREPRESENTED AND MARGINALIZED GROUPS, ARE VALUED AND EMPOWERED TO THRIVE.
Describe the Organization's Program Activity:
INSTRUCTION - VASSAR STUDENTS CHOOSE AMONG 30 DEPARTMENTS, 3 INTERDEPARTMENTAL PROGRAMS, 13 MULTIDISCIPLINARY PROGRAMS, 50 MAJORS, AND APPROXIMATELY 1,000 COURSES TO CHART A RIGOROUS COURSE OF STUDY THAT EXPLORES THEIR MOST COMPELLING INTERESTS.
OTHER PROGRAM SERVICES INCLUDE RESEARCH EXPENDITURES, GENERAL PROGRAM OVERHEAD COSTS, AND AUXILIARY ENTERPRISE REVENUE AND EXPENDITURES.
ACADEMIC SERVICES - ADVISING AND SUPPORT SERVICES TO PROVIDE GUIDANCE TO OUR STUDENTS TO HELP THEM ACCOMPLISH THEIR GOALS. THE MISSION OF THE ACADEMIC SERVICES DIVISION IS TO ENSURE AND TO STRENGTHEN THEIR FULFILLING EXPERIENCE AS A VASSAR STUDENT.
STUDENT SERVICES - AS A RESIDENTIAL COLLEGE, VASSAR IS COMMITTED TO PROVIDING SUPPORT SERVICES TO HELP STUDENTS MAKE THE MOST OF THEIR TIME AT VASSAR. THE OFFICE OF THE DEAN OF THE COLLEGE OVERSEES AND COORDINATES SERVICES THAT DIRECTLY IMPACT THE QUALITY OF STUDENT LIFE, BOTH ACADEMIC AND NON-ACADEMIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Howe Bradley President And Trustee | OfficerTrustee | 40 | $570,677 |
Timothy Kane VP For Alumnae Affairs And Dev | Officer | 40 | $332,982 |
Bryan A Swarthout VP For Fin And Admin | Officer | 40 | $287,597 |
William Hoynes Dean Of Faculty | Officer | 40 | $261,056 |
Carlos Leoncio Garcia VP For Tech And Hr; Chief Information Officer | Officer | 40 | $248,004 |
James H Merrell Professor Of History | 40 | $232,404 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Compass Group Usa Food Service | 6/29/22 | $6,785,636 |
Hall Capital Partners Llc Investment Advisor | 6/29/22 | $7,543,913 |
Workday Inc Information Technology | 6/29/22 | $867,804 |
Bracebridge Capital Investment Manager | 6/29/22 | $814,944 |
Prime Finance Cmbs Investment Manager | 6/29/22 | $705,594 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $85,841 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,257,361 |
| All other contributions, gifts, grants, and similar amounts not included above | $44,899,467 |
| Noncash contributions included in lines 1a–1f | $17,038,856 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $51,242,669 |
| Total Program Service Revenue | $198,701,613 |
| Investment income | $11,165,425 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $729,152 |
| Net Gain/Loss on Asset Sales | $43,850,401 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $362,896 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $307,212,205 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $119,646 |
| Grants and other assistance to domestic individuals. | $71,996,527 |
| Grants and other assistance to Foreign Orgs/Individuals | $744,349 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,856,185 |
| Compensation of current officers, directors, key employees. | $975,386 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $88,589,411 |
| Pension plan accruals and contributions | $7,180,293 |
| Other employee benefits | $25,447,466 |
| Payroll taxes | $6,647,415 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $676,823 |
| Fees for services: Accounting | $320,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $454,345 |
| Fees for services: Investment Management | $10,893,118 |
| Fees for services: Other | $6,204,067 |
| Advertising and promotion | $81,387 |
| Office expenses | $9,025,090 |
| Information technology | $4,023,688 |
| Royalties | $6,645 |
| Occupancy | $7,822,731 |
| Travel | $3,464,330 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,991,563 |
| Interest | $11,270,183 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,695,190 |
| Insurance | $1,256,188 |
| All other expenses | $1,536,717 |
| Total functional expenses | $294,849,344 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,478,070 |
| Savings and temporary cash investments | $37,506,827 |
| Pledges and grants receivable | $13,976,271 |
| Accounts receivable, net | $378,972 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,966,033 |
| Inventories for sale or use | $726,141 |
| Prepaid expenses and deferred charges | $4,735,733 |
| Net Land, buildings, and equipment | $474,807,123 |
| Investments—publicly traded securities | $248,580,281 |
| Investments—other securities | $973,202,425 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,621,951 |
| Total assets | $1,787,979,827 |
| Accounts payable and accrued expenses | $26,694,498 |
| Grants payable | $0 |
| Deferred revenue | $2,691,029 |
| Tax-exempt bond liabilities | $266,973,616 |
| 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 | $65,942,972 |
| Total liabilities | $362,302,115 |
| Net assets without donor restrictions | $312,002,785 |
| Net assets with donor restrictions | $1,113,674,927 |
| 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 | $1,787,979,827 |
Grants Awarded
Over the last fiscal year, Vassar College has awarded $27,944 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
DUTCHESS COUNTY PRIDE CENTER INC PURPOSE: Grant to support organization's mission | $8,300 |
UNITED WAY OF THE DUTCHESS-ORANGE REGION INC PURPOSE: Grant to support organization's mission | $6,044 |
FAMILY SERVICES INC PURPOSE: Basic needs assistance | $13,600 |