St Lawrence University
- Assets
- $671.6m
- Revenue
- $204.2m
- Investments
- $344.7m
- Employees
- 2,079
- Location
- Canton, NY
- Founding
- 04/1933
- Data as of
- 06/2021
- EIN
- 15-0532239
Organization Overview
St Lawrence University is located in Canton, NY. The organization was established in 1933. 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, St Lawrence University employed 2,079 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Lawrence 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 06/2021, St Lawrence University generated $204.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $197.2m during the year ending 06/2021. While expenses have increased by 0.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF ST. LAWRENCE UNIVERSITY IS TO PROVIDE AN INSPIRING AND DEMANDING UNDERGRADUATE EDUCATION IN LIBERAL ARTS TO STUDENTS SELECTED FOR THEIR SERIOUSNESS OF PURPOSE AND INTELLECTUAL PROMISE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ST. LAWRENCE UNIVERSITY IS A FOUR YEAR PRIVATE, LIBERAL ARTS HIGHER EDUCATION INSTITUTION LOCATED IN CANTON, NY. THE TOTAL PROGRAM EXPENSES ARE DIRECTED TO THE STUDENT BODY OF APPROXIMATELY 2,200 FOR THE PURPOSE OF PREPARING THEM TO BE CRITICAL AND CREATIVE THINKERS, TO FIND A COMPASS FOR THEIR LIVES AND CAREERS, AND TO PURSUE KNOWLEDGE AND UNDERSTANDING FOR THE BENEFIT OF THEMSELVES, HUMANITY, AND THE PLANET.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Ranger Board Chair | OfficerTrustee | 2 | $0 |
Jennifer Curley Reichert Vice Chair | OfficerTrustee | 2 | $0 |
Lee Bailey Trustee | Trustee | 2 | $0 |
Jo Ann Campbell Trustee | Trustee | 2 | $0 |
Andre Couture Trustee | Trustee | 2 | $0 |
Sharee Freeman Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jds Construction Division Of Northland Construction Services | 6/29/22 | $1,014,284 |
Canton-potsdam Hospital Student Health Services | 6/29/22 | $942,489 |
Clinical Research Sequencing Platform L Covid Testing Services | 6/29/22 | $798,049 |
Cambridge Associates Investment Management | 6/29/22 | $755,939 |
Rsi Roofing Inc Construction Services | 6/29/22 | $505,274 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,090,307 |
| Investment income | $4,113,632 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,291,687 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $585,075 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $204,208,934 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $77,095,652 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,769,378 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $50,376,789 |
| Pension plan accruals and contributions | $3,019,130 |
| Other employee benefits | $10,160,441 |
| Payroll taxes | $3,672,852 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $419,938 |
| Fees for services: Accounting | $141,583 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $50,107 |
| Fees for services: Investment Management | $2,394,948 |
| Fees for services: Other | $11,039,931 |
| Advertising and promotion | $125,197 |
| Office expenses | $8,087,861 |
| Information technology | $1,857,044 |
| Royalties | $0 |
| Occupancy | $4,526,720 |
| Travel | $540,855 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $79,715 |
| Interest | $4,153,743 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,489,173 |
| Insurance | $868,131 |
| All other expenses | $0 |
| Total functional expenses | $197,161,257 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,322,734 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $62,372,176 |
| Accounts receivable, net | $4,639,292 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,497,142 |
| Inventories for sale or use | $1,638,525 |
| Prepaid expenses and deferred charges | $787,476 |
| Investments—publicly traded securities | $71,560,367 |
| Investments—other securities | $344,667,118 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,193,349 |
| Total assets | $671,631,077 |
| Accounts payable and accrued expenses | $13,456,370 |
| Grants payable | $0 |
| Deferred revenue | $2,225,051 |
| Tax-exempt bond liabilities | $96,970,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $270,417 |
| Unsecured mortgages and notes payable | $1,393,415 |
| Other liabilities | $22,663,356 |
| Total liabilities | $136,978,609 |
| 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 | $534,652,468 |
Grants Awarded
Over the last fiscal year, St Lawrence University has awarded $31,667 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CANTON FIRE AND RESCUE RESOURCES CORPORATION PURPOSE: FIRE TRUCK | $16,667 |
UPPER SARANAC LAKE FOUNDATION PURPOSE: GENERAL ASSISTANCE | $15,000 |