Elmira College
- Assets
- $123.0m
- Revenue
- $39.6m
- Investments
- $9.2m
- Employees
- 603
- Location
- Elmira, NY
- Founding
- 03/1942
- Data as of
- 06/2021
- EIN
- 16-0743996
Organization Overview
Elmira College is located in Elmira, 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 06/2021, Elmira College employed 603 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elmira College 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, Elmira College generated $39.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.0%) each year. All expenses for the organization totaled $41.3m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (8.4%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ELMIRA COLLEGE IS A NOT-FOR-PROFIT HIGHER EDUCATIONAL INSTITUTE LOCATED IN ELMIRA, NY. THE COLLEGE OFFERS A WIDE ARRAY OF UNDERGRADUATE AS WELL AS GRADUATE PROGRAMS TO APPROXIMATELY 800 STUDENTS, RANGING FROM LOCAL RESIDENTS TO INTERNATIONAL CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION - PROVIDE HIGHER EDUCATION, GROUNDED IN LIBERAL ARTS AND SCIENCES, TO APPROXIMATELY 800 UNDERGRADUATE AND GRADUATE STUDENTS THAT ENABLE THEM TO BECOME ACTIVE LEARNERS, EFFECTIVE LEADERS , RESPONSIBLE COMMUNITY MEMBERS, AND GLOBALLY ENGAGED CITIZENS.
AUXILIARY ENTERPRISES PROVIDED ROOM, BOARD, AND OTHER SERVICES.
STUDENT SERVICES SUPPORTED APPROXIMATELY 800 STUDENTS IN GROWTH AND DEVELOPMENT AND ENHANCING THEIR ACADEMIC EXPERIENCE.
ACADEMIC SUPPORT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles W Lindsay President | OfficerTrustee | 40 | $208,829 |
Elizabeth Lambert VP Of Enrollment Management & Student Life | 40 | $125,112 | |
Corey Stilts Provost | Officer | 40 | $114,928 |
Jeffrey Griffin Comptroller Through Jan 2021 | 40 | $102,331 | |
Edward Ashley VP Of Fin And Admin Oct 2020 Through June 2021 | Officer | 40 | $56,667 |
John Adams VP Of Fin And Admin Through Jan 2020 | Officer | 40 | $34,833 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Registry For College And Univ Presidents Management Services | 6/29/17 | $508,359 |
Chartwells Dining Services Dining Services | 6/29/17 | $3,650,547 |
Covered Wagon Tours Athletic Team Travel | 6/29/17 | $165,900 |
Maguire Associates Enrollment Management | 6/29/17 | $104,190 |
Mailbox Inc Admissions Mailings | 6/29/17 | $111,111 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,285,875 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,341,746 |
| Noncash contributions included in lines 1a–1f | $78,467 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,627,621 |
| Total Program Service Revenue | $32,046,256 |
| Investment income | $666,658 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $343,192 |
| Net Gain/Loss on Asset Sales | $3,201,864 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $39,621,630 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $13,690,894 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $483,852 |
| Compensation of current officers, directors, key employees. | $373,852 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,804,157 |
| Pension plan accruals and contributions | $422,746 |
| Other employee benefits | $2,528,643 |
| Payroll taxes | $745,756 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $199,331 |
| Fees for services: Accounting | $89,313 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $37,249 |
| Fees for services: Other | $2,213,346 |
| Advertising and promotion | $43,779 |
| Office expenses | $622,189 |
| Information technology | $513,414 |
| Royalties | $0 |
| Occupancy | $375,506 |
| Travel | $224,126 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,647 |
| Interest | $80,084 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,010,132 |
| Insurance | $593,046 |
| All other expenses | $1,769,346 |
| Total functional expenses | $41,266,874 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,226,804 |
| Savings and temporary cash investments | $13,652,821 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,121,573 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,914,347 |
| Inventories for sale or use | $112,494 |
| Prepaid expenses and deferred charges | $484,652 |
| Net Land, buildings, and equipment | $75,927,874 |
| Investments—publicly traded securities | $15,367,765 |
| Investments—other securities | $9,166,811 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $122,975,141 |
| Accounts payable and accrued expenses | $1,637,417 |
| Grants payable | $0 |
| Deferred revenue | $88,309 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $4,264,418 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $3,125,300 |
| Other liabilities | $7,808,423 |
| Total liabilities | $16,923,867 |
| Net assets without donor restrictions | $70,904,723 |
| Net assets with donor restrictions | $35,146,551 |
| 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 | $122,975,141 |
Grants Recieved
Over the last fiscal year, we have identified 29 grants that Elmira College has recieved totaling $238,734.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $31,000 |
Mark Twain Foundation Chicago, IL PURPOSE: GENERAL | $30,000 |
Mildred Faulkner Truman Fdn Amherst, NY PURPOSE: SCHOLARSHIP | $30,000 |
Corning Incorporated Foundation Corning, NY PURPOSE: STEM PROGRAMMING | $25,000 |
Jephson Educational Tr 2 Chicago, IL PURPOSE: GENERAL | $25,000 |
Jephson Educational Trust Chicago, IL PURPOSE: SCHOLARSHIP | $20,000 |
Endowment Analysis
| Beg. Balance | $31,036,852 |
| Earnings | $6,557,103 |
| Net Contributions | $687,635 |
| Other Expense | $5,981,539 |
| Ending Balance | $32,300,051 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Point Park University Pittsburgh, PA | $213,510,842 | $122,379,566 |
Desales University Center Valley, PA | $267,808,643 | $127,653,675 |
University Of The Sciences In Philadelphia Philadelphia, PA | $394,161,147 | $107,500,197 |
Moravian University Bethlehem, PA | $317,733,693 | $123,053,733 |
Ursinus College Collegeville, PA | $337,795,514 | $116,678,933 |
Saint Peters University Jersey City, NJ | $164,476,054 | $118,523,321 |
Wagner College Staten Island, NY | $223,315,881 | $116,300,889 |
Canisius College Buffalo, NY | $289,486,779 | $104,179,636 |
University Of The Arts Philadelphia, PA | $189,935,840 | $110,070,964 |
Lesley University Cambridge, MA | $459,682,175 | $126,944,351 |
Alfred University Alfred, NY | $321,880,003 | $125,818,572 |
Saint Michaels College Colchester, VT | $214,854,575 | $111,425,492 |