Syracuse University
- Assets
- $4.0b
- Revenue
- $1.7b
- Investments
- $1.4b
- Employees
- 15,938
- Location
- Syracuse, NY
- Founding
- 10/1938
- Data as of
- 06/2022
- EIN
- 15-0532081
Organization Overview
Syracuse University is located in Syracuse, NY. The organization was established in 1938. 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, Syracuse University employed 15,938 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Syracuse University 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, Syracuse University generated $1.7b in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $1.5b during the year ending 06/2022. While expenses have increased by 2.9% 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, Syracuse University has awarded 43 individual grants totaling $468,975. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SYRACUSE UNIVERSITY IS A NON-PROFIT RESEARCH UNIVERSITY DEVOTED TO EDUCATION, RESEARCH AND PUBLIC ENGAGEMENT.
Describe the Organization's Program Activity:
INSTRUCTION AND DEPARTMENTAL RESEARCH:EXPENDITURES IN THIS AREA INCLUDE SALARIES AND BENEFITS FOR FACULTY, SCHOLARSHIPS AND GRANTS TO STUDENTS, AND SUPPORT FOR FACILITIES AND EQUIPMENT, CONDUCTED FOR THE BENEFIT OF APPROXIMATELY 14,800 UNDERGRADUATE AND 6,900 GRADUATE AND LAW STUDENTS ENROLLED AT SYRACUSE UNIVERSITY.
OTHER PROGRAM SERVICE EXPENDITURES SUPPORT SYRACUSE UNIVERSITY'S ACADEMIC AND RESEARCH INITIATIVES THROUGH PROVISION OF ACADEMIC SUPPORT AND GENERAL INSTITUTIONAL SUPPORT, THE CRITICAL COMPONENTS TO SEAMLESS DELIVERY AND TO MEETING THE NEEDS AND EXPECTATIONS OF SYRACUSE UNIVERSITY'S STUDENTS AND FACULTY.
STUDENT SERVICES:EXPENDITURES IN THIS AREA INCLUDE SUPPORT SERVICES FOR THE UNIVERSITY'S UNDERGRADUATE FRESHMAN AND SOPHMORES. THE UNIVERSITY HAS A TWO-YEAR RESIDENCE REQUIREMENT FOR FRESHMAN AND SOPHMORES WITH THE PRIMARY PURPOSE OF CONTRIBUTING TO THE STUDENTS' EMOTIONAL AND PHYSICAL WELL-BEING AND THEIR INTELLECTUAL, CULTURAL, AND SOCIAL DEVELOPMENT OUTSIDE THE FORMAL INSTRUCTION PROGRAM.
SPONSORED RESEARCH AND OTHER RELATED ACTIVITIES:EXPENDITURES IN THSI AREA INCLUDE RESEARCH AND SIMILAR ACTIVITY FUNDED BY GRANTS FROM THE PUBLIC, PRIVATE, AND NON-PROFIT SECTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kent Syverud Chancellor And President | OfficerTrustee | 60 | $1,083,758 |
Patrick J Ahearn Trustee | Trustee | 1 | $0 |
Richard M Alexander Trustee | Trustee | 3 | $0 |
Steven W Ballentine Vice Chair | Trustee | 3 | $0 |
Sharon R Barner Trustee | Trustee | 1 | $0 |
Steven W Barnes Chairman Emeritus | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Barclay Damon Llp Attorneys | 6/29/22 | $1,863,090 |
Pinckney Hugo Group Llc Marketing | 6/29/22 | $2,131,253 |
O'melveny & Myers Llp Attorneys | 6/29/22 | $868,311 |
Enrst & Young Us Llp Accountants | 6/29/22 | $1,559,319 |
Paul Weiss Rifkind Wharton & Garrison Ll Attorneys | 6/29/22 | $1,502,962 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $181,920 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $147,831,734 |
| Noncash contributions included in lines 1a–1f | $15,827,014 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $148,013,654 |
| Total Program Service Revenue | $1,425,981,410 |
| Investment income | $40,980,332 |
| Tax Exempt Bond Proceeds | $1,540 |
| Royalties | $168,095 |
| Net Rental Income | $90,481 |
| Net Gain/Loss on Asset Sales | $114,423,924 |
| Net Income from Fundraising Events | -$216,662 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,729,445,030 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $105,745 |
| Grants and other assistance to domestic individuals. | $389,461,324 |
| Grants and other assistance to Foreign Orgs/Individuals | $13,305,197 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $9,019,878 |
| Compensation of current officers, directors, key employees. | $6,607,769 |
| Compensation to disqualified persons | $239,502 |
| Other salaries and wages | $503,953,992 |
| Pension plan accruals and contributions | $37,879,974 |
| Other employee benefits | $65,306,128 |
| Payroll taxes | $31,331,526 |
| Fees for services: Management | $88,095 |
| Fees for services: Legal | $7,418,417 |
| Fees for services: Accounting | $652,770 |
| Fees for services: Lobbying | $293,502 |
| Fees for services: Fundraising | $25,502 |
| Fees for services: Investment Management | $5,005,202 |
| Fees for services: Other | $11,259,163 |
| Advertising and promotion | $7,130,231 |
| Office expenses | $76,673,904 |
| Information technology | $10,551,630 |
| Royalties | $566,745 |
| Occupancy | $46,240,075 |
| Travel | $28,097,166 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,909,258 |
| Interest | $25,107,396 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $92,895,893 |
| Insurance | $944,468 |
| All other expenses | $86,968,493 |
| Total functional expenses | $1,493,187,941 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,236,063 |
| Savings and temporary cash investments | $455,268,261 |
| Pledges and grants receivable | $97,831,771 |
| Accounts receivable, net | $36,603,558 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,726,612 |
| Prepaid expenses and deferred charges | $39,140,249 |
| Net Land, buildings, and equipment | $1,458,778,673 |
| Investments—publicly traded securities | $480,322,957 |
| Investments—other securities | $1,363,943,624 |
| Investments—program-related | $16,084,930 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,035,936,698 |
| Accounts payable and accrued expenses | $199,112,515 |
| Grants payable | $0 |
| Deferred revenue | $63,152,547 |
| Tax-exempt bond liabilities | $748,710,657 |
| Escrow or custodial account liability | $3,545,017 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $132,633,915 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $80,038,836 |
| Total liabilities | $1,227,193,487 |
| Net assets without donor restrictions | $1,764,692,371 |
| Net assets with donor restrictions | $1,044,050,840 |
| 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 | $4,035,936,698 |
Grants Awarded
Over the last fiscal year, Syracuse University has awarded $105,745 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
CROUSE HEALTH FOUNDATION INC PURPOSE: SUPPORT | $9,250 |
FOCUS GREATER SYRACUSE INC PURPOSE: SUPPORT | $5,500 |
INTERFAITH WORKS OF CENTRAL NY PURPOSE: SUPPORT | $11,140 |
MUSEUM OF SCIENCE & TECHNOLOGY FOUNDATION PURPOSE: SUPPORT | $7,700 |
US LACROSSE INC PURPOSE: SUPPORT | $37,500 |
VERA HOUSE FOUNDATION INC PURPOSE: SUPPORT | $7,455 |