Mount Saint Mary College
- Assets
- $192.6m
- Revenue
- $69.5m
- Investments
- $30.2m
- Employees
- 808
- Location
- Newburgh, NY
- Founding
- 03/1946
- Data as of
- 06/2022
- EIN
- 14-1468399
Organization Overview
Mount Saint Mary College is located in Newburgh, NY. The organization was established in 1946. 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, Mount Saint Mary College employed 808 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Mount Saint Mary 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, Mount Saint Mary College generated $69.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $75.5m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 7 years. 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
THE COLLEGE IS AN INDEPENDENT, COEDUCATIONAL INSTITUTION COMMITTED TO PROVIDING STUDENTS WITH A LIBERAL ARTS EDUCATION TO PREPARE THEM FOR LIVES OF LEADERSHIP AND SERVICE. THROUGH A VARIETY OF MAJORS AND PROFESSIONAL PROGRAMS, STUDENTS ARE ALSO PREPARED FOR CAREER ENTRY OR GRADUATE AND PROFESSIONAL STUDIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MOUNT SAINT MARY COLLEGE, A HIGHER EDUCATION INSTITUTION, PROVIDES UNDERGRADUATE AND GRADUATE EDUCATION FOR APPROXIMATELY 2,320 FULL AND PART TIME STUDENTS, REPRESENTING OVER 21 STATES AND 19 COUNTRIES.
OTHER SOURCES OF INCOME SUCH AS COMMUNITY EDUCATION, SUMMER CAMPS, AND INDIRECT COST RECOVERY.
ROOM AND BOARD: THE COLLEGE SEEKS TO OFFER OUR STUDENTS INCLUSIVE COMMUNITIES, SOCIAL, AND EDUCATIONAL OPPORTUNITIES, AND SAFE AND WELL-MAINTAINED RESIDENCE FACILITIES. ALL OF OUR RESIDENCE HALLS ARE NEWLY BUILT OR RECENTLY RENOVATED. APPROXIMATELY 593 STUDENTS CALL OUR RESIDENCE HALLS HOME.
BISHOP DUNN MEMORIAL SCHOOL - ELEMENTARY SCHOOL OPERATIONS, AN ADJUNCT FACILITY ON THE MOUNT SAINT MARY COLLEGE CAMPUS, WHERE THE MOUNT'S EDUCATION STUDENTS ASSIST AND OBSERVE IN TEACHING, AND MAY COMPLETE FIELD WORK. THIS ON-CAMPUS SCHOOL IS A COMBINED ELEMENTARY SCHOOL AND MIDDLE SCHOOL FOR PRE-K THROUGH GRADE 8 PUPILS. IT OFFERS A VARIETY OF PROGRAMS, INCLUDING ENRICHMENT FOR HONORS PUPILS, SPECIAL EDUCATION, VIRTUAL FIELD TRIPS AND OTHER CREATIVE USES OF TECHNOLOGY. INDIVIDUALLY GIFTED PROGRAMS, ON BOTH PRIMARY AND MIDDLE LEVELS, ARE CONDUCTED HERE, AS WELL AS CLASSES FOR CHILDREN WITH LEARNING DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Vice Chair | OfficerTrustee | 5 | $0 |
Name Not Listed Chair | OfficerTrustee | 10 | $0 |
Name Not Listed Board Member | Trustee | 2 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 2 | $0 |
Name Not Listed Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mid Hudson Construction Management Inc Construction | 6/29/22 | $1,517,727 |
Parkhurst Dining Services Food Services | 6/29/22 | $3,560,642 |
Facilities Maintenance Corporation Facility Services | 6/29/22 | $544,542 |
Spark451 Inc Marketing | 6/29/22 | $590,209 |
Jenzabar Inc Technology Services | 6/29/22 | $339,245 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $224,136 |
| Related organizations | $0 |
| Government grants | $1,953,797 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,181,273 |
| Noncash contributions included in lines 1a–1f | $103,749 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,359,206 |
| Total Program Service Revenue | $64,831,316 |
| Investment income | $1,510,601 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$7,804 |
| Net Gain/Loss on Asset Sales | -$163,154 |
| Net Income from Fundraising Events | -$11,969 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $69,539,396 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $22,281,527 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $667,330 |
| Compensation of current officers, directors, key employees. | $667,330 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $21,614,921 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,409,393 |
| Payroll taxes | $1,769,747 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $50,538 |
| Fees for services: Accounting | $68,535 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $224,350 |
| Fees for services: Other | $5,786,450 |
| Advertising and promotion | $613,647 |
| Office expenses | $1,131,481 |
| Information technology | $1,077,347 |
| Royalties | $0 |
| Occupancy | $1,727,892 |
| Travel | $355,554 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $67,656 |
| Interest | $1,846,762 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,395,995 |
| Insurance | $535,229 |
| All other expenses | $1,767,320 |
| Total functional expenses | $75,548,934 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $12,624,990 |
| Pledges and grants receivable | $4,873,694 |
| Accounts receivable, net | $3,102,043 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $755,906 |
| Net Land, buildings, and equipment | $101,731,204 |
| Investments—publicly traded securities | $37,152,617 |
| Investments—other securities | $30,219,608 |
| Investments—program-related | $256,429 |
| Intangible assets | $0 |
| Other assets | $1,898,652 |
| Total assets | $192,615,143 |
| Accounts payable and accrued expenses | $2,995,813 |
| Grants payable | $0 |
| Deferred revenue | $387,150 |
| Tax-exempt bond liabilities | $48,132,299 |
| 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 | $2,468,012 |
| Total liabilities | $53,983,274 |
| Net assets without donor restrictions | $121,510,293 |
| Net assets with donor restrictions | $17,121,576 |
| 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 | $192,615,143 |