Marist College is located in Poughkeepsie, NY. The organization was established in 1970. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2021, Marist College employed 3,600 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marist 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 06/2020, Marist College generated $308.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $281.4m during the year ending 06/2020. While expenses have increased by 3.5% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
MARIST COLLEGE IS DEDICATED TO HELPING DEVELOP THE INTELLECT, CHARACTER (CONT IN SCHEDULE O) AND SKILLS REQUIRED FOR ENLIGHTENED, ETHICAL, AND PRODUCTIVE LIVES IN THE GLOBAL COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MARIST COLLEGE IS A HIGHLY SELECTIVE, COMPREHENSIVE INSTITUTION NOTED FOR ITS LEADERSHIP IN THE USE OF TECHNOLOGY IN AND OUT OF THE CLASSROOM. MARIST IS CHARTERED BY THE STATE OF NEW YORK ANDITS POUGHKEEPSIE AND FLORENCE, ITALY CAMPUSES ARE FULLY ACCREDITED BY THE MIDDLE STATES COMMISSION ON HIGHER EDUCATION (MSCHE). MARIST'S STUDENT BODY IS COMPRISED OF 5,510 UNDERGRADUATE STUDENTS AND 886 GRADUATE STUDENTS WITH 53 BACHELOR'S PROGRAMS, 13 MASTER'S PROGRAMS, 12 CERTIFICATE PROGRAMS, AND 1 DOCTORAL PROGRAM. (CONTINUED IN SCHEDULE O)FOUNDED IN 1929, MARIST'S 228-ACRE CAMPUS OVERLOOKS THE HUDSON RIVER IN THE HEART OF THE HISTORIC HUDSON VALLEY AND IS SITUATED MIDWAY BETWEEN NEW YORK CITY AND ALBANY, THE STATE CAPITAL. WHAT STARTED AS A SCHOOL FOR THE TRAINING OF FUTURE MARIST BROTHERS HAS DEVELOPED INTO ONE OF THE MOST SELECTIVE COLLEGES IN THE NATION. MARIST IS ECUMENICAL IN CHARACTER AND REFLECTS THE IDEALS OF THE MARIST BROTHERS' FOUNDER, ST. MARCELLIN CHAMPAGNAT: COMMITMENT TO EXCELLENCE IN EDUCATION, THE IMPORTANCE OF COMMUNITY, AND DEDICATION TO THE PRINCIPLE OF SERVICE. MARIST COLLEGE IS DEDICATED TO THE DEVELOPMENT OF THE WHOLE PERSON IN A WAY THAT WILL PREPARE OUR GRADUATES TO LEAD ENLIGHTENED, ETHICAL, AND PRODUCTIVE LIVES IN THE GLOBAL COMMUNITY OF THE 21ST CENTURY.EFFECTIVE JANUARY 2018, THE COLLEGE ASSUMED CONTROL OF THE OPERATIONS OF SPROUT CREEK FARM INC. ("SPROUT CREEK") A NOT-FOR-PROFIT ORGANIZATION IN LAGRANGE, NEW YORK. SEVERAL OFFICERS OF THE COLLEGE ALSO SERVE AS OFFICERS OF SPROUT CREEK. IN APRIL 2020, THE COLLEGE DETERMINED THE FARM COULD NOT SUSTAIN ITS OPERATION. THE BOARD OF DIRECTORS ARE EVALUATING SEVERAL OPTIONS FOR THE FUTURE OF THE FARM.
MARIST COLLEGE PROVIDES A VARIETY OF AUXILIARY SERVICES TO BOTH ITS STUDENTS AND EMPLOYEES IN SUPPORT OF ITS EDUCATIONAL MISSION. AS PART OF THE STUDENT EXPERIENCE, MARIST OFFERS A VARIETY OF COLLEGE HOUSING TO OVER 3,400 STUDENTS IN CORRIDOR, SUITE, APARTMENT, AND TOWNHOUSE-STYLE RESIDENCES. THE RESIDENTIAL LIFE PROGRAM AT MARIST IS BASED UPON THE PHILOSOPHY OF PROVIDING STUDENTS WITH A SAFE, HEALTHY, AND ATTRACTIVE LIVING-LEARNING ENVIRONMENT THAT SUPPORTS AND SUPPLEMENTS THE EDUCATIONAL MISSION OF THE COLLEGE. (CONTINUED IN SCHEDULE O)STUDENTS ARE HOUSED USING A "RITES OF PASSAGE" PHILOSOPHY, WHICH RECOGNIZES THAT A STUDENT'S DEVELOPMENT SHOULD BE SUPPORTED BY HIS/HER LIVING ENVIRONMENT, ANOTHER LARGE AUXILIARY FUNCTION INCLUDES FOOD SERVICE THROUGH BOTH A RESIDENT AND RETAIL DINING PROGRAM. THE RESIDENT DINING OPERATION PROVIDES FOOD ON A DAILY BASIS TO OVER 3,000 PARTICIPANTS. THE CAMPUS'S SIX RETAIL CAFES OFFER A WIDE SELECTION OF HOT AND COLD DRINKS, SOUPS, SALADS, SANDWICHES, AND SNACKS. THE CAMPUS DINING EXPERIENCE IS FOCUSED ON CULINARY EXPERTISE, FRESH LOCAL AND REGIONAL INGREDIENTS, HEALTHY OPTIONS, AND A SHARED SENSE OF ENVIRONMENTAL AND SOCIAL RESPONSIBILITY. OTHER CAMPUS AUXILIARY SERVICES INCLUDE A BOOKSTORE, COMPUTER STORE, AND A CAMPUS/COMMUNITY DEBIT CARD ACCOUNT KNOWN AS MARIST MONEY. THROUGHOUT ALL OF THE COLLEGE'S AUXILIARY SERVICES, AN EMPHASIS IS PLACED ON PROMOTING SUSTAINABLE PRACTICES WHERE APPLICABLE AND INCLUDE, BUT ARE NOT LIMITED TO, EDUCATING FACULTY, STAFF, AND STUDENTS ABOUT THE IMPACT OF THEIR ACTIONS ON THE ENVIRONMENT; IDENTIFYING, ESTABLISHING, AND PUBLICIZING SUSTAINABILITY PRINCIPLES, GOALS, AND BEST PRACTICES; PROVIDING A FRAMEWORK FOR GUIDING SUSTAINABLE PROCEDURES, PROGRAMS, AND INITIATIVES; AND MONITORING AND REPORTING PROGRESS ON CAMPUS SUSTAINABILITY INITIATIVES. MARIST COLLEGE VOLUNTARILY CONTRIBUTES TO FAIRVIEW FIRE DISTRICT'S ANNUAL FUNDRAISING CAMPAIGN AND CONTRIBUTES FUNDS FOR CAPITAL IMPROVEMENT.FORM 990, PART V, LINE 1A:AMOUNT REPORTED IN BOX 3 OF FORM 1096MARIST COLLEGE IS REPORTING THE NUMBER FROM FORM 1096, BOX 3, LESS THE AMOUNT OF FORMS 1098-T PROVIDED TO STUDENTS DURING THE YEAR. FOR 2020, THERE WERE 6,786 FORMS 1098-T ISSUED.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
David Yellen Former President | 0 | $1,040,303 | |
Dennis J Murray Interim President | OfficerTrustee | 50 | $839,270 |
Geoffrey L Brackett Executive Vice President | Officer | 50 | $623,751 |
Sean P Kaylor VP Of Admissions & Enrollment | Officer | 50 | $549,639 |
John Pecchia VP Of Business Affairs, CFO | Officer | 50 | $548,389 |
John Dunne Head Coach, Men's Basketball | 50 | $334,875 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Daniel O'connells Sons Inc Construction | 6/29/21 | $4,099,360 |
Ann Beha Architects Inc Architecture | 6/29/21 | $2,378,757 |
Sodexo Inc And Affiliates Food Service | 6/29/21 | $5,183,044 |
Umbrella Digital Llc Digital Marketing | 6/29/21 | $1,330,996 |
Cambridge Associates Llc Investment Mgmt | 6/29/21 | $893,825 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $12,955,817 |
Investment income | $2,481,681 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $9,270,667 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $70,345 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $308,615,908 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic individuals. | $82,649,645 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $4,650,672 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $80,764,423 |
Pension plan accruals and contributions | $7,235,283 |
Other employee benefits | $18,162,796 |
Payroll taxes | $6,334,167 |
Fees for services: Management | $6,460,704 |
Fees for services: Legal | $556,305 |
Fees for services: Accounting | $316,154 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $194,215 |
Fees for services: Investment Management | $1,342,397 |
Fees for services: Other | $4,843,254 |
Advertising and promotion | $2,057,715 |
Office expenses | $4,573,584 |
Information technology | $4,970,562 |
Royalties | $1,260,693 |
Occupancy | $8,874,567 |
Travel | $3,288,468 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $477,272 |
Interest | $7,027,036 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $18,453,636 |
Insurance | $1,472,147 |
All other expenses | $0 |
Total functional expenses | $281,437,399 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $107,632 |
Savings and temporary cash investments | $58,158,236 |
Pledges and grants receivable | $5,739,100 |
Accounts receivable, net | $7,311,686 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $4,993,921 |
Inventories for sale or use | $356,601 |
Prepaid expenses and deferred charges | $1,378,355 |
Investments—publicly traded securities | $63,242,589 |
Investments—other securities | $249,293,989 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $8,173,074 |
Total assets | $805,930,849 |
Accounts payable and accrued expenses | $28,028,830 |
Grants payable | $0 |
Deferred revenue | $10,059,105 |
Tax-exempt bond liabilities | $191,781,307 |
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 | $23,978,155 |
Total liabilities | $253,847,397 |
Net assets without donor restrictions | $0 |
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 |
Total liabilities and net assets/fund balances | $552,083,452 |
Over the last fiscal year, we have identified 3 grants that Marist College has recieved totaling $39,400.
Awarding Organization | Amount |
---|---|
Dr Edwin A Ulrich Charitable Trust Poughkeepsie, NY PURPOSE: SCHOLARSHIPS | $34,000 |
M Verna Butterer Educational Trust Fountainville, PA PURPOSE: SCHOLARSHIP PORTIONOF AWARD FOR EDUCATION | $3,900 |
Kilkea Foundation Inc New York, NY PURPOSE: TUITION | $1,500 |
Beg. Balance | $312,885,533 |
Earnings | $103,524,213 |
Net Contributions | $2,261,959 |
Other Expense | $508,712 |
Grants | $1,480,555 |
Ending Balance | $416,682,438 |
Organization Name | Assets | Revenue |
---|---|---|
Fordham University Bronx, NY | $2,430,141,698 | $953,892,663 |
Rochester Institute Of Technology Rochester, NY | $2,526,196,996 | $1,071,324,345 |
St Johns University New York Jamaica, NY | $1,703,677,283 | $798,473,536 |
Villanova University Villanova, PA | $2,287,455,797 | $872,271,471 |
Rensselaer Polytechnic Institute Troy, NY | $1,598,843,813 | $653,047,178 |
Rockefeller University New York, NY | $4,263,008,941 | $535,346,959 |
Lehigh University Bethlehem, PA | $3,057,301,515 | $713,288,867 |
The New School New York, NY | $1,263,076,833 | $558,997,855 |
Hofstra University Hempstead, NY | $1,538,245,078 | $606,887,297 |
American University Of Beirut New York, NY | $1,902,791,001 | $608,300,843 |
Quinnipiac University Hamden, CT | $1,807,258,104 | $531,949,834 |
Seton Hall University South Orange, NJ | $890,349,000 | $473,034,000 |