St Lawrence University
- Assets
- $671.6m
- Revenue
- $204.2m
- Investments
- $344.7m
- Employees
- 2,169
- 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 06/2021, St Lawrence University employed 2,169 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 6 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $197.2m during the year ending 06/2021. While expenses have increased by 0.8% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T 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:
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 2,300 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 |
|---|---|---|---|
William Fox President | OfficerTrustee | 40 | $441,499 |
Tom Pynchon Vp, Advancement | Officer | 40 | $247,824 |
Stephen Hietsch VP For Finance And Adminis | Officer | 40 | $237,676 |
Florence Hines Vp, Enrollment Management | Officer | 40 | $216,583 |
Karl Schonberg Vp, Academic Affairs | Officer | 40 | $209,556 |
Brent Brekke Men's Hockey Coach | 40 | $206,747 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ernst & Young Llp Consulting Services | 6/29/21 | $1,501,481 |
Rsi Roofing Inc Construction Services | 6/29/21 | $810,939 |
Clinical Research Sequencing Platform L Covid Testing Services | 6/29/21 | $785,000 |
Cambridge Associates Investment Management | 6/29/21 | $647,233 |
Jds Construction Division Of Northland Construction Services | 6/29/21 | $3,945,851 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,826,072 |
| All other contributions, gifts, grants, and similar amounts not included above | $28,264,235 |
| Noncash contributions included in lines 1a–1f | $6,832,079 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,090,307 |
| Total Program Service Revenue | $159,128,233 |
| 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 organizations and domestic governments. | $31,667 |
| 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 of current officers, directors, key employees. | $1,605,250 |
| 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 | $1,777,844 |
| 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 |
| Net Land, buildings, and equipment | $163,952,898 |
| 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 | $124,798,762 |
| Net assets with donor restrictions | $409,853,706 |
| 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 | $671,631,077 |
Grants Awarded
Over the last fiscal year, St Lawrence University has awarded $31,667 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Canton, NY PURPOSE: FIRE TRUCK | $16,667 |
Saranac Lake, NY PURPOSE: GENERAL ASSISTANCE | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that St Lawrence University has recieved totaling $60,850.
| Awarding Organization | Amount |
|---|---|
Oaklawn Foundation Wilton, CT PURPOSE: YEAR 5 OF 5 TO SCHOLARSHIP FUND AND DIRECTOR'S GRANT TO 501C ORGANIZATION | $32,500 |
Birdsong Family Foundation Inc Fort Collins, CO PURPOSE: TO PROVIDE SCHOLARHSIP FUNDS TO STUDENTS FROM THE ADIRONDACK REGION | $25,000 |
James F Bell Foundation Minneapolis, MN PURPOSE: GENERAL OPERATIONS | $1,000 |
Kilkea Foundation Inc New York, NY PURPOSE: TUITION | $1,000 |
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $500 |
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $500 |
Endowment Analysis
| Beg. Balance | $322,771,681 |
| Earnings | $89,332,463 |
| Admin Expense | $2,223,417 |
| Net Contributions | $10,273,230 |
| Other Expense | $7,557,813 |
| Grants | $7,519,011 |
| Ending Balance | $405,077,133 |
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 |