Maria College
- Assets
- $31.7m
- Revenue
- $17.1m
- Investments
- $0.0
- Employees
- 220
- Location
- Albany, NY
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 14-1463151
Organization Overview
Maria College is located in Albany, NY. The organization was established in 1946. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Maria College employed 220 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Maria 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, Maria College generated $17.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $15.1m during the year ending 06/2021. While expenses have increased by 5.0% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
MARIA COLLEGE IS A CATHOLIC COLLEGE, SPONSORED BY THE SISTERS OF MERCY OF THE AMERICAS. IT OFFERS MASTERS, BACHELORS, AND ASSOCIATES DEGREES AND CERTIFICATE PROGRAMS IN PREDOMINANTLY HEALTHCARE-RELATED FIELDS. THE COLLEGE IS ACCREDITED BY THE MIDDLE STATES COMMISSION ON HIGHER EDUCATION AND ITS DEGREE PROGRAMS ARE REGISTERED BY THE NEW YORK STATE DEPARTMENT OF EDUCATION AND APPROVED BY THE UNIVERSITY OF THE STATE OF NEW YORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COLLEGE PROVIDES EDUCATIONAL SERVICES TO STUDENTS THAT CULMINATE IN EITHER AN ASSOCIATES OR BACCALAUREATE DEGREE OR A CERTIFICATE.
AUXILIARY ENTERPRISES INCLUDE REVENUES AND EXPENSES OF THE COLLEGE BOOKSTORE, WHICH SUPPORTS THE STUDENTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Gamble President | OfficerTrustee | 40 | $207,929 |
Joseph Mcdonald Vice President For Finance | Officer | 40 | $171,558 |
Anne Jung PHD Dean Of The College, Chief | Officer | 40 | $152,677 |
Laurie Vanessa Carbo-Porter Dean Of Nursing (former) | 40 | $148,801 | |
Joel Nudi Chief Business Officer And | Officer | 40 | $148,758 |
Victoria Callagan Associate Professor, Associate Professor Of Nursin | 40 | $131,046 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Adnet Technologies Ny Llc It Services & Consulting | 6/29/21 | $513,654 |
Architecture Plus Building Design | 6/29/21 | $254,835 |
Empire Building Services Cleaning Services | 6/29/21 | $199,603 |
Clickner Secruity Inc Security Services | 6/29/21 | $157,275 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,512,232 |
| All other contributions, gifts, grants, and similar amounts not included above | $645,736 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,157,968 |
| Total Program Service Revenue | $11,412,407 |
| Investment income | $222,101 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $66,500 |
| Net Gain/Loss on Asset Sales | $1,194,249 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,053,225 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,416,329 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $744,288 |
| Compensation of current officers, directors, key employees. | $575,366 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,121,155 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $850,936 |
| Payroll taxes | $505,962 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $56,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $95,235 |
| Fees for services: Other | $1,946,999 |
| Advertising and promotion | $180,036 |
| Office expenses | $250,813 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $857,443 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $22,051 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $645,388 |
| Insurance | $0 |
| All other expenses | $159,655 |
| Total functional expenses | $15,125,155 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $322,463 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $359,142 |
| Accounts receivable, net | $2,394,988 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $260,771 |
| Inventories for sale or use | $187,868 |
| Prepaid expenses and deferred charges | $460,973 |
| Net Land, buildings, and equipment | $12,280,994 |
| Investments—publicly traded securities | $15,078,055 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $360,409 |
| Total assets | $31,705,663 |
| Accounts payable and accrued expenses | $870,265 |
| Grants payable | $0 |
| Deferred revenue | $630,500 |
| Tax-exempt bond liabilities | $0 |
| 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 | $636,180 |
| Other liabilities | $469,815 |
| Total liabilities | $2,606,760 |
| Net assets without donor restrictions | $28,257,015 |
| Net assets with donor restrictions | $841,888 |
| 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 | $31,705,663 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Maria College has recieved totaling $172,881.
| Awarding Organization | Amount |
|---|---|
Mother Cabrini Health Foundation New York, NY PURPOSE: ACCESSIBILITY AND COUNSELING SERVICES AT THE FRANK E. O'BRIEN JR. STUDENT SUPPORT CENTER | $140,000 |
The Community Foundation For The Greater Capital Region Inc Albany, NY PURPOSE: SIMULATION LAB TECHNOLOGY AND SCHOLAR TUITION | $16,381 |
Julia O Wells Memorial Education Foundation Inc Latham, NY PURPOSE: COLLEGE GRANT | $6,500 |
R Shapiro Family Foundation Inc Santa Rosa, CA PURPOSE: SCHOLARSHIP FUND | $5,000 |
Keybank Community Trust Brooklyn, OH PURPOSE: SCHOLARSHIP | $5,000 |
Endowment Analysis
| Beg. Balance | $575,885 |
| Earnings | $79,854 |
| Net Contributions | $299,112 |
| Other Expense | -$55,582 |
| Grants | -$57,381 |
| Ending Balance | $841,558 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mount Aloysius College Cresson, PA | $187,396,444 | $41,178,883 |
Landmark College Inc Putney, VT | $77,090,465 | $38,969,151 |
Lackawanna College Scranton, PA | $71,721,039 | $37,550,402 |
Keystone College La Plume, PA | $35,973,065 | $32,307,027 |
Mitchell College New London, CT | $42,145,371 | $31,379,437 |
Hilbert College Hamburg, NY | $32,366,281 | $25,027,344 |
Trocaire College Buffalo, NY | $48,308,094 | $27,715,968 |
Laboure College Milton, MA | $45,194,532 | $27,640,427 |
Maria College Albany, NY | $31,705,663 | $17,053,225 |
Villa Maria College Of Buffalo Buffalo, NY | $9,472,664 | $15,072,401 |
Monroe Community College Assn Inc Rochester, NY | $45,662,437 | $9,260,852 |
Northampton County Area Community College Foundation Bethlehem, PA | $90,958,462 | $10,129,172 |