Ithaca College
- Assets
- $834.7m
- Revenue
- $365.7m
- Investments
- $241.2m
- Employees
- 4,290
- Location
- Ithaca, NY
- Founding
- 05/1938
- Data as of
- 06/2020
- EIN
- 15-0532204
Organization Overview
Ithaca College is located in Ithaca, NY. The organization was established in 1938. 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, Ithaca College employed 4,290 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ithaca 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 06/2020, Ithaca College generated $365.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $370.5m during the year ending 06/2020. While expenses have increased by 1.7% 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, Ithaca College has awarded 63 individual grants totaling $2,356,381. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO EDUCATE, ENGAGE, AND EMPOWER THROUGH THEORY, PRACTICE, AND PERFORMANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
SEE SCHEDULE O
SEE SCHEDULE O
OTHER PROGRAM SERVICESACADEMIC SUPPORT INCLUDES EXPENSES INCURRED TO PROVIDE SUPPORT SERVICES FOR THE COLLEGE'S PRIMARY PROGRAM SERVICE OF INSTRUCTION, RESEARCH, AND PUBLIC SERVICE. IT INCLUDES THE FOLLOWING ACTIVITIES: THE RETENTION, PRESERVATION, AND DISPLAY OF EDUCATIONAL MATERIALS AT THE ITHACA COLLEGE LIBRARY, THE HANDWERKER GALLERY, AND OTHER GALLERY SPACES; INFORMATION TECHNOLOGY SERVICES DEPLOYED AT THE COLLEGE, PARTICULARLY SERVICES WITHIN THE THEMES OF CAMPUS ENGAGEMENT AND TEACHING & LEARNING; ACADEMIC ADMINISTRATION AND PERSONNEL PROVIDING ADMINISTRATIVE SUPPORT AND MANAGEMENT DIRECTION TO THE PRIMARY PROGRAM SERVICE; AND SEPARATELY BUDGETED SUPPORT FOR COURSE AND CURRICULUM DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shirley M Collado President | OfficerTrustee | 40 | $723,985 |
William Guerrero VP Finance & Admin (thru 02/2021) | Officer | 40 | $285,046 |
Timothy R Carey Associate Vp, Facilities | Officer | 40 | $239,211 |
La Jerne Cornish Provost & SVP | Officer | 40 | $237,498 |
Wendy Kobler VP Philanthropy & Engagement | Officer | 40 | $236,292 |
Laurie M Koehler VP Marketing & Enrollment Stgy | Officer | 40 | $234,453 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Drivestream Inc Technology Services | 6/29/21 | $1,984,512 |
Apogee Inc Technology Services | 6/29/21 | $1,426,073 |
Architectural Concrete Plus Llc General Construction | 6/29/21 | $863,534 |
Oracle America Inc Technology Services | 6/29/21 | $741,895 |
Vandis Inc Networking And It Security | 6/29/21 | $965,355 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,002,902 |
| Investment income | $7,064,400 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $37,180 |
| Net Rental Income | $142,933 |
| Net Gain/Loss on Asset Sales | $9,573,596 |
| Net Income from Fundraising Events | $5,568 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $588,557 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $365,679,639 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $138,835,004 |
| Grants and other assistance to Foreign Orgs/Individuals | $268,474 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,194,764 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $113,823,183 |
| Pension plan accruals and contributions | $8,037,055 |
| Other employee benefits | $22,533,984 |
| Payroll taxes | $5,698,657 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $344,429 |
| Fees for services: Accounting | $258,047 |
| Fees for services: Lobbying | $7,500 |
| Fees for services: Fundraising | $5,893 |
| Fees for services: Investment Management | $1,392,906 |
| Fees for services: Other | $11,333,685 |
| Advertising and promotion | $360,425 |
| Office expenses | $7,605,769 |
| Information technology | $6,996,806 |
| Royalties | $0 |
| Occupancy | $5,770,057 |
| Travel | $3,307,848 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $777,954 |
| Interest | $5,662,306 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,228,762 |
| Insurance | $3,295,389 |
| All other expenses | $0 |
| Total functional expenses | $370,493,665 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $246,850 |
| Savings and temporary cash investments | $8,884,780 |
| Pledges and grants receivable | $1,906,790 |
| Accounts receivable, net | $7,421,495 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,180,790 |
| Inventories for sale or use | $844,908 |
| Prepaid expenses and deferred charges | $2,942,234 |
| Investments—publicly traded securities | $190,630,808 |
| Investments—other securities | $241,245,769 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,414,428 |
| Total assets | $834,703,732 |
| Accounts payable and accrued expenses | $27,604,038 |
| Grants payable | $0 |
| Deferred revenue | $2,685,647 |
| Tax-exempt bond liabilities | $111,085,501 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $21,206,671 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $39,887,538 |
| Total liabilities | $202,469,395 |
| 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 | $632,234,337 |
Grants Awarded
Over the last fiscal year, Ithaca College has awarded $360,425 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
TOWN OF ITHACA NEW YORK PURPOSE: FUNDS PROVIDED FOR CONSTRUCTION OF SIDEWALK ON DANBY ROAD | $165,000 |
Ithaca, NY PURPOSE: CONTRIBUTIONS RECEIVED & REMITTED BY ITHACA COLLEGE | $73,036 |
Tucson, AZ PURPOSE: PAYMENT TO SUBRECIPIENT OF FEDERAL GRANT (CFDA 43.001) | $39,258 |
Ithaca, NY PURPOSE: SUPPORT ECONOMIC ADVANCEMENT IN TOMPKINS COUNTY NY | $16,000 |
Albany, NY PURPOSE: CONTRIBUTION TO ACCESS TO COLLEGE EDUCATION (ACE) | $15,616 |
Ithaca, NY PURPOSE: AGENCY PAYMENT FOR OPERATING BUDGET FOR REV ITHACA STARTUP WORKS | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Ithaca College has recieved totaling $11,500.
| Awarding Organization | Amount |
|---|---|
Make Great Things Happen Foundation Clifton Park, NY PURPOSE: EDUCATIONAL PROGRAMMING AT ITHACA COLLEGE SCHOOL OF COMMUNICATIONS | $5,000 |
Mary D Coles Foundation Dallas, TX PURPOSE: SCHOLARSHIPS | $5,000 |
Lorber Foundation Amherst, MA PURPOSE: ANNUAL FUND | $1,500 |
Endowment Analysis
| Beg. Balance | $337,301,846 |
| Earnings | $100,494,402 |
| Net Contributions | $1,742,339 |
| Other Expense | $10,320,655 |
| Grants | $4,018,894 |
| Ending Balance | $425,199,038 |
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 |