Niagara University
- Assets
- $277.0m
- Revenue
- $156.3m
- Investments
- $45.1m
- Employees
- 1,662
- Location
- Niagara University, NY
- Founding
- 03/1946
- Data as of
- 05/2023
- EIN
- 16-0755807
Organization Overview
Niagara University is located in Niagara University, NY. The organization was established in 1946. 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, Niagara University employed 1,662 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Niagara 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 05/2023, Niagara University generated $156.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $152.1m during the year ending 05/2023. While expenses have increased by 2.4% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
NIAGARA UNIVERSITY EDUCATES ITS STUDENTS AND ENRICHES THEIR LIVES THOUGH PROGRAMS IN THE LIBERAL ARTS AND THROUGH CAREER PREPARATION, INFORMED BY THE CATHOLIC AND VINCENTIAN TRADITIONS.
Describe the Organization's Program Activity:
INSTRUCTION PROVIDES ACADEMIC PROGRAMS FOR APPROXIMATELY 2,688 FULL AND PART-TIME UNDERGRADUATE STUDENTS AND APPROXIMATELY 1,153 FULL AND PART-TIME GRADUATE STUDENTS.
STUDENT SERVICES INCLUDE ADMINISTRATION OF FINANICAL AID PROGRAMS, ORIENTATION PROGRAMS, STUDENT COUNSELING, ADMISSIONS, AND RECORDS OFFICE.
ACADEMIC SUPPORT PROVIDES SERVICES TO THE INSTRUCTION PROGRAMS IN THE FOLLOWING AREAS: LIBRARY, THEATRE, INFORMATION TECHNOLOGY, AND ACADEMIC DEANS.
ROOM AND BOARD FACILITIES FOR RESIDENT STUDENTS, HEALTH SERVICES, AND INTERCOLLEGIATE ATHLETICS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Mylod Trustee | Trustee | 1 | $0 |
Brian P Crosby Trustee (to September 2022) | Trustee | 2 | $0 |
Cheryl Klass Trustee (to March 2023) | Trustee | 1 | $0 |
Christopher D Ross Vice Chair | OfficerTrustee | 2 | $0 |
Christopher P Coyer Trustee | Trustee | 1 | $0 |
Daniel Patterson Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Metz Culinary Management Food Service Provider | 5/30/23 | $5,257,631 |
Ug2 Llc Custodial Service Provider | 5/30/23 | $2,016,369 |
Crowley Webb & Associates Advertising Agency | 5/30/23 | $828,045 |
Elbers Landscape Service Inc Landscape Service Provider | 5/30/23 | $842,056 |
Orr Associates Inc Fundraising | 5/30/23 | $414,587 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $209,602 |
| Related organizations | $0 |
| Government grants | $3,173,472 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,618,014 |
| Noncash contributions included in lines 1a–1f | $229,046 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,001,088 |
| Total Program Service Revenue | $122,406,349 |
| Investment income | $5,470,522 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,798,374 |
| Net Income from Fundraising Events | -$61,235 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $156,264,811 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $50,135,274 |
| Grants and other assistance to Foreign Orgs/Individuals | $5,352,532 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,370,088 |
| Compensation of current officers, directors, key employees. | $1,203,713 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $41,897,843 |
| Pension plan accruals and contributions | $2,431,304 |
| Other employee benefits | $7,582,983 |
| Payroll taxes | $3,037,939 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,240,309 |
| Fees for services: Accounting | $225,741 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $461,869 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $358,971 |
| Advertising and promotion | $934,089 |
| Office expenses | $2,466,429 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,564,412 |
| Travel | $3,953,010 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,090,210 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,447,908 |
| Insurance | $980,797 |
| All other expenses | $0 |
| Total functional expenses | $152,133,114 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,898,183 |
| Savings and temporary cash investments | $328,500 |
| Pledges and grants receivable | $12,968,868 |
| Accounts receivable, net | $6,958,716 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $936,924 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $963,920 |
| Net Land, buildings, and equipment | $154,612,170 |
| Investments—publicly traded securities | $47,816,416 |
| Investments—other securities | $45,146,274 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,402,427 |
| Total assets | $277,032,398 |
| Accounts payable and accrued expenses | $19,250,218 |
| Grants payable | $929,753 |
| Deferred revenue | $8,022,869 |
| Tax-exempt bond liabilities | $29,335,963 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $10,300,000 |
| Other liabilities | $6,393,484 |
| Total liabilities | $74,232,287 |
| Net assets without donor restrictions | $124,010,138 |
| Net assets with donor restrictions | $78,789,973 |
| 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 | $277,032,398 |