Canisius University Of Buffalo New York
- Assets
- $289.5m
- Revenue
- $104.2m
- Investments
- $158.0m
- Employees
- 1,402
- Location
- Buffalo, NY
- Founding
- 04/1971
- Data as of
- 05/2022
- EIN
- 16-0743942
Organization Overview
Canisius University Of Buffalo New York is located in Buffalo, NY. The organization was established in 1971. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 05/2023, Canisius University Of Buffalo New York employed 1,402 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Canisius University Of Buffalo New York 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 05/2022, Canisius University Of Buffalo New York generated $104.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $108.7m during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (3.6%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CANISIUS UNIVERSITY IS A PRIVATE, INDEPENDENT ROMAN CATHOLIC UNIVERSITY, GOVERNED BY AN INDEPENDENT SELF PERPETUATING BOARD OF TRUSTEES UNDER A CHARTER GRANTED BY THE BOARD OF TRUSTEES OF THE UNIVERSITY OF THE STATE OF NEW YORK. ESTABLISHED AS A LIBERAL ARTS COLLEGE, THE UNIVERTY HAS GROWN TO INCLUDE A GRADUATE DIVISION, A SCHOOL OF BUSINESS ADMINISTRATION, A SCHOOL OF EDUCATION AND HUMAN SERVICES, AND A SUMMER SESSION IN ADDITION TO THE COLLEGE OF ARTS AND SCIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION/INSTRUCTION - PROVIDE EDUCATION TO 2,492 STUDENTS IN THE FALL AND 2,389 STUDENTS IN THE SPRING SEMESTERS.
STUDENT SERVICES - PROVIDE THE NECESSARY SERVICES REQUIRED BY THE STUDENTS ENROLLED IN THE PROGRAMS.
RESIDENCE HALLS - PROVIDE ROOM AND BOARD TO ALL RESIDENT STUDENTS AND THOSE STUDENTS WITH MEAL PLANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martin J Berardi Trustee - Chair | OfficerTrustee | 0.5 | $0 |
Cindy L Odom Trustee - Vice Chair | OfficerTrustee | 0.5 | $0 |
Nancy W Ware Trustee - Emerita | Trustee | 0.5 | $0 |
John R Connolly Emeritus Trustee | Trustee | 0.5 | $0 |
Catherine A Bolz Trustee | Trustee | 0.5 | $0 |
Kimberly A Detrask Trustee | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Chartwells Educational Dining Services Food Services | 5/30/23 | $3,105,995 |
Sepco Inc Disaster Cleanup | 5/30/23 | $2,250,000 |
Mlp Plumbing And Mechanical Inc Hvac And Maintenance Services | 5/30/23 | $1,215,434 |
Elbers Landscape Services Inc Landscaping And Maintenance | 5/30/23 | $623,527 |
Rp Oak Hill Building Company Inc Construction Services | 5/30/23 | $1,540,224 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $3,173 |
| Related organizations | $0 |
| Government grants | $8,282,002 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,552,833 |
| Noncash contributions included in lines 1a–1f | $502,239 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,838,008 |
| Total Program Service Revenue | $76,540,392 |
| Investment income | $265,134 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $152,859 |
| Net Gain/Loss on Asset Sales | $5,000,716 |
| Net Income from Fundraising Events | -$34,999 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $104,179,636 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $32,612,489 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,107,435 |
| Compensation of current officers, directors, key employees. | $632,708 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,888,657 |
| Pension plan accruals and contributions | $1,069,981 |
| Other employee benefits | $6,109,442 |
| Payroll taxes | $2,117,494 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $240,618 |
| Fees for services: Accounting | $76,874 |
| Fees for services: Lobbying | $50,400 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,053,114 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,586,428 |
| Insurance | $0 |
| All other expenses | $1,202,221 |
| Total functional expenses | $108,660,882 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,298,463 |
| Savings and temporary cash investments | $3,149,794 |
| Pledges and grants receivable | $10,264,708 |
| Accounts receivable, net | $3,301,538 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,794,638 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $104,577,084 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $158,044,405 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,056,149 |
| Total assets | $289,486,779 |
| Accounts payable and accrued expenses | $12,442,477 |
| Grants payable | $0 |
| Deferred revenue | $4,973,731 |
| Tax-exempt bond liabilities | $45,532,628 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $227,192 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,803,148 |
| Total liabilities | $69,979,176 |
| Net assets without donor restrictions | $80,275,986 |
| Net assets with donor restrictions | $139,231,617 |
| 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 | $289,486,779 |