Marist College

Organization Overview

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 06/2022, Marist College employed 3,539 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 06/2021, Marist College generated $319.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $272.5m during the year ending 06/2021. While expenses have increased by 2.5% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

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 5,475 UNDERGRADUATE STUDENTS AND 989 GRADUATE STUDENTS WITH 55 BACHELOR'S PROGRAMS, 13 MASTER'S PROGRAMS, 11 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 3400 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 3000 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 2021, THERE WERE 7,568 FORMS 1098-T ISSUED.


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Board, Officers & Key Employees

Name (title)Compensation
Ellen M Hancock
Immediate Past Chair (thru 4/22)
$0
Ross A Mauri
Chair
$0
Robert R Dyson
Trustee
$0
Neil Bender
Trustee
$0
Timothy G Brier
Trustee
$0
James A Cannavino
Trustee
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Sodexo Inc And Affiliates
Food Service
$8,767,825
Umbrella Digital Llc
Digital Marketing
$1,565,000
Cambridge Associates Llc
Investment Mgmt
$1,239,560
Govconnection Inc
Technology Products & Services
$839,672
Rose Press Inc
Postage Charge For Mass Mailings
$430,624
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$14,847,219
Investment income $1,803,551
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $27,245,542
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $319,351,046

Peer Organizations

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$695,392,244
Rockefeller University
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Rensselaer Polytechnic Institute
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$616,594,821
The New School
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$468,399,427
Hofstra University
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$606,887,297
Seton Hall University
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$526,525,000
American University Of Beirut
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$608,300,843
Quinnipiac University
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Brandeis University
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$399,602,478
Duquesne University Of The Holy Spirit
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Bar Ilan University In Israel
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The Trustees Of The Stevens Institute Of Technology
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Sacred Heart University
Fairfield, CT
$476,875,710
Worcester Polytechnic Institute
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$398,152,961
Long Island University
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$438,322,403
President & Fellows Of Middlebury College
Middlebury, VT
$387,918,222
Suffolk University
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$381,571,833
Yeshiva University
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$354,803,319
Bucknell University
Lewisburg, PA
$288,902,813
Fairfield University
Fairfield, CT
$341,786,596
University Of New Haven
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$344,725,446

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