Colgate University Treasurers Office
- Assets
- $2.0b
- Revenue
- $378.1m
- Investments
- $913.7m
- Employees
- 2,676
- Location
- Hamilton, NY
- Founding
- 06/1954
- Data as of
- 06/2021
- EIN
- 15-0532078
Organization Overview
Colgate University Treasurers Office is located in Hamilton, NY. The organization was established in 1954. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Colgate University Treasurers Office employed 2,676 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colgate University Treasurers Office 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, Colgate University Treasurers Office generated $378.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $273.6m during the year ending 06/2021. While expenses have increased by 2.6% 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.
Since 2015, Colgate University Treasurers Office has awarded 60 individual grants totaling $6,811,934. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
TO PROVIDE A WORLD-CLASS AND DEMANDING UNDERGRADUATE EDUCATIONAL EXPERIENCE FOR A TALENTED AND DIVERSE GROUP OF APPROXIMATELY 2,900 STUDENTS. THE PURPOSE IS TO DEVELOP WISE, THOUGHTFUL, CRITICAL THINKERS AND PERCEPTIVE LEADERS BY ENCOURAGING YOUNG MEN AND WOMEN TO FULFILL THEIR POTENTIAL THROUGH RESIDENCE IN A COMMUNITY THAT VALUES ALL FORMS OF INTELLECTUAL RIGOR AND RESPECTS THE COMPLEXITY OF HUMAN UNDERSTANDING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian W Casey President | OfficerTrustee | 60 | $616,712 |
Matthew Langel Head Coach Men's Basketball | 50 | $439,226 | |
Joseph S Hope Sr. Vp-Fin/adm, Cio, Treasurer | Officer | 50 | $385,169 |
Tracey Hucks Dean Of Faculty & Provost | Officer | 50 | $344,696 |
Nicki Moore VP & Director Of Athletics | Officer | 50 | $325,076 |
Daniel Hunt Football Coach | 50 | $296,332 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Chartwell's Food Service | 6/29/21 | $7,431,964 |
Institute For Study Abroad Study Abroad | 6/29/21 | $1,215,344 |
Murphy Excavating Corporation Construction | 6/29/21 | $1,184,091 |
Robert Am Stern Architects Inc Architects | 6/29/21 | $934,498 |
Pike Company Inc Construction | 6/29/21 | $1,089,697 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,826,334 |
| All other contributions, gifts, grants, and similar amounts not included above | $66,472,479 |
| Noncash contributions included in lines 1a–1f | $12,492,072 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $72,298,813 |
| Total Program Service Revenue | $216,154,499 |
| Investment income | $8,456,441 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $15,116 |
| Net Rental Income | -$365,094 |
| Net Gain/Loss on Asset Sales | $80,460,961 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,093,812 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $378,114,548 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,530,489 |
| Grants and other assistance to domestic individuals. | $66,164,612 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,105,997 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $556,045 |
| Other salaries and wages | $89,296,722 |
| Pension plan accruals and contributions | $8,770,904 |
| Other employee benefits | $8,645,195 |
| Payroll taxes | $6,549,562 |
| Fees for services: Management | $6,608,612 |
| Fees for services: Legal | $756,341 |
| Fees for services: Accounting | $256,250 |
| Fees for services: Lobbying | $5,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,357,613 |
| Fees for services: Other | $9,077,052 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $6,491,719 |
| Royalties | $0 |
| Occupancy | $1,234,494 |
| Travel | $1,194,465 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,828,551 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,074,390 |
| Insurance | $3,159,045 |
| All other expenses | $1,950,680 |
| Total functional expenses | $273,568,957 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,146,123 |
| Savings and temporary cash investments | $29,544,676 |
| Pledges and grants receivable | $47,753,784 |
| Accounts receivable, net | $8,179,566 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $556,157 |
| Inventories for sale or use | $4,756,790 |
| Prepaid expenses and deferred charges | $2,270,775 |
| Net Land, buildings, and equipment | $451,716,058 |
| Investments—publicly traded securities | $508,318,724 |
| Investments—other securities | $913,749,236 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,954,127 |
| Total assets | $1,984,946,016 |
| Accounts payable and accrued expenses | $24,133,937 |
| Grants payable | $0 |
| Deferred revenue | $11,708,544 |
| Tax-exempt bond liabilities | $103,459,545 |
| 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 | $220,597,008 |
| Other liabilities | $47,565,285 |
| Total liabilities | $407,464,319 |
| Net assets without donor restrictions | $488,922,844 |
| Net assets with donor restrictions | $1,088,558,853 |
| 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 | $1,984,946,016 |
Grants Awarded
Over the last fiscal year, Colgate University Treasurers Office has awarded $1,530,489 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Hamilton, NY PURPOSE: GENERAL FUNDING | $750,000 |
VILLAGE OF HAMILTON PURPOSE: GENERAL FUNDING | $253,870 |
HAMILTON CENTRAL SCHOOL PURPOSE: GENERAL FUNDING | $234,480 |
TOWN OF HAMILTON PURPOSE: GENERAL FUNDING | $86,113 |
Hamilton, NY PURPOSE: GENERAL FUNDING | $78,064 |
Hamilton, NY PURPOSE: GENERAL FUNDING | $70,000 |
Grants Recieved
Over the last fiscal year, we have identified 59 grants that Colgate University Treasurers Office has recieved totaling $4,320,588.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $1,424,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $912,544 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: EDUCATION | $800,200 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $213,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $166,102 |
Independent Charitable Gift Fund Hudson, OH PURPOSE: GENERAL SUPPORT | $155,000 |
Endowment Analysis
| Beg. Balance | $959,652,631 |
| Earnings | $325,764,322 |
| Admin Expense | $2,399,748 |
| Net Contributions | $24,834,154 |
| Other Expense | $25,183,344 |
| Grants | $19,643,694 |
| Ending Balance | $1,263,024,321 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Berklee College Of Music Inc Boston, MA | $854,558,047 | $384,612,408 |
Ithaca College Ithaca, NY | $834,703,732 | $365,679,639 |
Trustees Of Amherst College Amherst, MA | $4,260,760,426 | $407,702,412 |
Wellesley College Wellsley, MA | $4,125,529,097 | $515,515,442 |
Touro University New York, NY | $558,489,117 | $321,976,604 |
Williams College Williamstown, MA | $5,589,417,372 | $397,351,793 |
Wesleyan University Middletown, CT | $1,706,429,000 | $326,592,000 |
Saint Josephs University Philadelphia, PA | $901,366,941 | $347,052,680 |
Emerson College Boston, MA | $1,139,244,716 | $275,696,398 |
Colgate University Treasurers Office Hamilton, NY | $1,984,946,016 | $378,114,548 |
Trustees Of The College Of The Holy Cross Worcester, MA | $1,320,181,892 | $265,241,305 |
Babson College Babson Park, MA | $1,084,295,364 | $304,101,925 |