Colgate University Treasurers Office
- Assets
- $2.0b
- Revenue
- $378.1m
- Investments
- $913.7m
- Employees
- 2,892
- 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 06/2022, Colgate University Treasurers Office employed 2,892 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 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $273.6m during the year ending 06/2021. While expenses have increased by 2.2% 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.
Since 2015, Colgate University Treasurers Office has awarded 66 individual grants totaling $7,332,816. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE A WORLD-CLASS AND DEMANDING UNDERGRADUATE EDUCATIONAL EXPERIENCE FOR A TALENTED AND DIVERSE GROUP OF APPROXIMATELY 3,000 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 | $1,212,950 |
Michael J Herling Board Chair | Trustee | 10 | $0 |
Gretchen H Burke Vice Chair | Trustee | 6 | $0 |
Gus P Coldebella Vice Chair | Trustee | 6 | $0 |
Jeanne A Follansbee Vice Chair | Trustee | 6 | $0 |
Patricia Apelian Aitken Trustee | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Chartwell's Food Service | 6/29/22 | $8,872,593 |
Robert Am Stern Architects Inc Architects | 6/29/22 | $2,241,181 |
Burrell's Excavating Inc Excavating | 6/29/22 | $578,124 |
Hayner Hoyt Corporation Contruction | 6/29/22 | $2,216,532 |
Danish Institute For Study Abroad Study Abroad | 6/29/22 | $1,939,890 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $72,298,813 |
| 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 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 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 | $0 |
| 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 |
| 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 | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,577,481,697 |
Grants Awarded
Over the last fiscal year, Colgate University Treasurers Office has awarded $654,802 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
CHENANGO NURSERY SCHOOL PURPOSE: GENERAL FUNDING | $68,064 |
HAMILTON CENTRAL SCHOOL PURPOSE: GENERAL FUNDING | $227,505 |
PARTNERSHIP FOR COMMUNITY DEVELOPMENT PURPOSE: GENERAL FUNDING | $50,000 |
TOWN OF HAMILTON PURPOSE: GENERAL FUNDING | $86,133 |
VILLAGE OF HAMILTON PURPOSE: GENERAL FUNDING | $147,400 |
UPPER SARANAC LAKE ASSOCIATION INC PURPOSE: GENERAL FUNDING | $10,000 |