St Bonaventure University Business Office - Hopkins Hall
- Assets
- $195.4m
- Revenue
- $107.5m
- Investments
- $38.7m
- Employees
- 1,324
- Location
- St Bonaventure, NY
- Founding
- 04/1942
- Data as of
- 05/2020
- EIN
- 16-0743150
Organization Overview
St Bonaventure University Business Office - Hopkins Hall is located in St Bonaventure, NY. The organization was established in 1942. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 05/2022, St Bonaventure University Business Office - Hopkins Hall employed 1,324 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Bonaventure University Business Office - Hopkins Hall 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 05/2020, St Bonaventure University Business Office - Hopkins Hall generated $107.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $100.8m during the year ending 05/2020. While expenses have increased by 4.0% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
CATHOLIC UNIVERSITY DEDICATED TO EDUCATIONAL EXCELLENCE IN THE FRANCISCAN TRADITION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM ACTIVITIES SUPPORT SBU'S EFFORTS TO FOSTER THE DEVELOPMENT OF KNOWLEDGEABLE, SKILLED, COMPASSIONATE AND ETHICAL INDIVIDUALS BY MENTORING STUDENTS WITHIN VITALLY ENGAGING LEARNING ENVIRONMENTS, EVER MINDFUL OF SUCH FRANCISCAN VALUES AS INDIVIDUAL DIGNITY, COMMUNITY INCLUSIVENESS, AND SERVICE TO OTHERS. PROGRAM EXPENSES INCLUDE INSTRUCTION FOR UNDERGRAD AND GRADUATE PROGRAMS, RESEARCH, HOUSING COSTS, FOOD SERVICE, ATHLETICS, SCHOLARSHIPS AND FINANCIAL AID.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Schmidt Men's Head Basketball Coac | 40 | $1,012,697 | |
Dr Joseph Zimmer Acting President | OfficerTrustee | 40 | $279,634 |
H Daniel Hungerford VP For Finance And Admin | Officer | 40 | $244,807 |
Dr Matrecia James Dean - School Of Business | 40 | $232,759 | |
Dr Douglas J Pisano Dean - School Of Health Pr | 40 | $205,865 | |
Robert Van Wicklin VP For University Advancement | Officer | 40 | $195,475 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bond Schoeneck & King Pllc Legal | 5/30/22 | $544,145 |
Tk Nys Solar Holdco Llc Electric Power Services | 5/30/22 | $588,336 |
Keypath Education Llc Enrollment Management | 5/30/22 | $4,534,521 |
Chartersearch Travel | 5/30/22 | $668,678 |
Pinckney Hugo Group Llc Marketing Support Services | 5/30/22 | $386,114 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,397,117 |
| Investment income | $732,723 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$123,254 |
| Net Income from Fundraising Events | -$2,486 |
| Net Income from Gaming Activities | $21,145 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $107,496,250 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $37,561,795 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,121,175 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,441,553 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $27,272,735 |
| Pension plan accruals and contributions | $1,712,556 |
| Other employee benefits | $5,728,628 |
| Payroll taxes | $1,879,919 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $16,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,662,754 |
| Advertising and promotion | $0 |
| Office expenses | $3,157,934 |
| Information technology | $311,754 |
| Royalties | $0 |
| Occupancy | $1,635,349 |
| Travel | $1,562,040 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $135,234 |
| Interest | $715,518 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,935,645 |
| Insurance | $437,106 |
| All other expenses | $0 |
| Total functional expenses | $100,764,143 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,923,821 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $7,408,914 |
| Accounts receivable, net | $4,628,446 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $506,535 |
| Investments—publicly traded securities | $32,180,146 |
| Investments—other securities | $38,733,608 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,080,872 |
| Total assets | $195,397,858 |
| Accounts payable and accrued expenses | $5,359,184 |
| Grants payable | $0 |
| Deferred revenue | $3,118,171 |
| Tax-exempt bond liabilities | $13,540,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $304,978 |
| Unsecured mortgages and notes payable | $1,225,000 |
| Other liabilities | $7,878,492 |
| Total liabilities | $31,425,825 |
| 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 | $163,972,033 |
Grants Recieved
Over the last fiscal year, we have identified 17 grants that St Bonaventure University Business Office - Hopkins Hall has recieved totaling $701,595.
| Awarding Organization | Amount |
|---|---|
Ayco Charitable Foundation Cohoes, NY PURPOSE: EDUCATION | $272,460 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $109,950 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $65,666 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $65,666 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $64,635 |
Community Foundation Of Western Pennsylvania And Eastern Ohio Sharon, PA PURPOSE: PROGRAM SUPPORT | $19,169 |
Endowment Analysis
| Beg. Balance | $91,483,905 |
| Earnings | -$5,718,242 |
| Net Contributions | $1,616,629 |
| Other Expense | $1,017,262 |
| Grants | $2,960,907 |
| Ending Balance | $83,404,123 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fordham University Bronx, NY | $2,430,141,698 | $953,892,663 |
Rochester Institute Of Technology Rochester, NY | $2,526,196,996 | $1,071,324,345 |
St Johns University New York Jamaica, NY | $1,703,677,283 | $798,473,536 |
Villanova University Villanova, PA | $2,287,455,797 | $872,271,471 |
Rensselaer Polytechnic Institute Troy, NY | $1,598,843,813 | $653,047,178 |
Rockefeller University New York, NY | $4,263,008,941 | $535,346,959 |
Lehigh University Bethlehem, PA | $3,057,301,515 | $713,288,867 |
The New School New York, NY | $1,263,076,833 | $558,997,855 |
Hofstra University Hempstead, NY | $1,538,245,078 | $606,887,297 |
American University Of Beirut New York, NY | $1,902,791,001 | $608,300,843 |
Quinnipiac University Hamden, CT | $1,807,258,104 | $531,949,834 |
Seton Hall University South Orange, NJ | $890,349,000 | $473,034,000 |