Maria College
- Assets
- $32.9m
- Revenue
- $16.6m
- Investments
- $0.0
- Employees
- 218
- Location
- Albany, NY
- Founding
- 03/1946
- Data as of
- 06/2022
- 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 06/2022, Maria College employed 218 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 06/2022, Maria College generated $16.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $17.8m during the year ending 06/2022. While expenses have increased by 6.7% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MARIA COLLEGE IS A CATHOLIC COLLEGE, SPONSORED BY THE SISTERS OF MERCY OF THE AMERICAS. THE COLLEGE OFFERS ASSOCIATES, BACHELORS, AND MASTERS 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Mary Jo Laposta RN Board Chair | OfficerTrustee | 1 | $0 |
Andrew Kaufman Vice Chair | OfficerTrustee | 1 | $0 |
Kathleen Pritty Rsm Secretary | OfficerTrustee | 1 | $0 |
Virginia Arbour Treasurer | OfficerTrustee | 1 | $0 |
Joe Bonilla Trustee | Trustee | 1 | $0 |
Michael Cassidy Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
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 |
Adnet Technologies Ny Llc It Services & Consulting | 6/29/21 | $513,654 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,726,474 |
| All other contributions, gifts, grants, and similar amounts not included above | $225,686 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,952,160 |
| Total Program Service Revenue | $10,882,912 |
| Investment income | $247,215 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $73,491 |
| Net Gain/Loss on Asset Sales | $434,873 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,590,651 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $939,160 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $826,598 |
| Compensation of current officers, directors, key employees. | $660,453 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,225,531 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $945,880 |
| Payroll taxes | $590,641 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $53,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $75,768 |
| Fees for services: Other | $2,554,502 |
| Advertising and promotion | $248,403 |
| Office expenses | $300,136 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,078,684 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $49,187 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $750,867 |
| Insurance | $0 |
| All other expenses | $217,707 |
| Total functional expenses | $17,769,610 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,150,896 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,534,973 |
| Accounts receivable, net | $3,158,741 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $235,194 |
| Inventories for sale or use | $187,394 |
| Prepaid expenses and deferred charges | $304,060 |
| Net Land, buildings, and equipment | $13,653,944 |
| Investments—publicly traded securities | $11,294,349 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $360,409 |
| Total assets | $32,879,960 |
| Accounts payable and accrued expenses | $1,107,672 |
| Grants payable | $0 |
| Deferred revenue | $721,977 |
| 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 | $2,896,774 |
| Unsecured mortgages and notes payable | $2,000,000 |
| Other liabilities | $425,637 |
| Total liabilities | $7,152,060 |
| Net assets without donor restrictions | $24,956,012 |
| Net assets with donor restrictions | $771,888 |
| 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 | $32,879,960 |