Clarkson University
- Assets
- $497.8m
- Revenue
- $269.9m
- Investments
- $143.1m
- Employees
- 2,405
- Location
- Potsdam, NY
- Founding
- 11/1955
- Data as of
- 06/2021
- EIN
- 15-0543659
Organization Overview
Clarkson University is located in Potsdam, NY. The organization was established in 1955. 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, Clarkson University employed 2,405 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clarkson 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, Clarkson University generated $269.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $242.2m during the year ending 06/2021. While expenses have increased by 1.0% 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 2016, Clarkson University has awarded 23 individual grants totaling $512,200. 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 PROVIDE EDUCATION FOR UNDERGRADUATE, GRADUATE, AND PROFESSIONAL CONTINUING EDUCATION PROGRAMS, AND TO ENGAGE IN HIGH QUALITY RESEARCH AND SCHOLARSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
EXTRACURRICULAR PROGRAMS, GENERAL/OTHER AUXILIARY ENTERPRISES SUCH AS HOUSING, DINGING, AND RECREATIONAL SERVICES FOR ITS STUDENTS (2,815 FTE STUDENTS).
CONFERENCES & WORKSHOPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Bouchard Trustee (as Of 10/2021) | Trustee | 1 | $0 |
Kenneth V Camarco Trustee | Trustee | 2 | $0 |
Robert A Campbell Trustee | Trustee | 10 | $0 |
Kathryn E Campbell Trustee | Trustee | 2 | $0 |
Simoon Cannon Trustee | Trustee | 2 | $0 |
Amy Castronova Trustee (as Of 10/2021) | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Operations Llc Food Service | 6/29/22 | $8,250,657 |
Haylor Freyer Coon Inc Consulting | 6/29/22 | $744,341 |
Eab Global Inc Consulting | 6/29/22 | $915,079 |
Meyer Contracting Corporation Construction | 6/29/22 | $658,443 |
Kelly Services Inc Staffing Service | 6/29/22 | $589,624 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,721,615 |
| Investment income | $944,317 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $28,691,441 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $269,852,109 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $108,545,615 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,602,471 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $63,827,489 |
| Pension plan accruals and contributions | $4,205,099 |
| Other employee benefits | $9,391,103 |
| Payroll taxes | $3,629,788 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $367,361 |
| Fees for services: Accounting | $256,008 |
| Fees for services: Lobbying | $240,075 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $548,700 |
| Fees for services: Other | $3,468,867 |
| Advertising and promotion | $1,643,616 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,343,830 |
| Travel | $479,667 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,695,419 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,477,210 |
| Insurance | $1,076,625 |
| All other expenses | $0 |
| Total functional expenses | $242,155,042 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,365,679 |
| Pledges and grants receivable | $11,788,226 |
| Accounts receivable, net | $8,619,982 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $312,817 |
| Prepaid expenses and deferred charges | $1,031,857 |
| Investments—publicly traded securities | $96,883,888 |
| Investments—other securities | $143,053,808 |
| Investments—program-related | $6,364,339 |
| Intangible assets | $0 |
| Other assets | $657,592 |
| Total assets | $497,838,249 |
| Accounts payable and accrued expenses | $5,535,962 |
| Grants payable | $0 |
| Deferred revenue | $3,881,826 |
| Tax-exempt bond liabilities | $80,895,790 |
| Escrow or custodial account liability | $2,480,958 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $1,083,333 |
| Other liabilities | $34,640,086 |
| Total liabilities | $128,517,955 |
| 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 | $369,320,294 |
Grants Awarded
Over the last fiscal year, Clarkson University has awarded $66,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
VILLAGE OF POTSDAM PURPOSE: DONATION | $34,000 |
TOWN OF POTSDAM PURPOSE: DONATION | $12,000 |
POTSDAM RESCUE SQUAD PURPOSE: DONATION | $20,000 |