Niagara University
- Assets
- $277.9m
- Revenue
- $138.9m
- Investments
- $48.3m
- Employees
- 1,546
- Location
- Niagara University, NY
- Founding
- 03/1946
- Data as of
- 05/2021
- 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 05/2022, Niagara University employed 1,546 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 05/2021, Niagara University generated $138.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $137.1m during the year ending 05/2021. While expenses have increased by 1.5% 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
2021
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:
Part 3 - Line 4a
INSTRUCTION PROVIDES ACADEMIC PROGRAMS FOR APPROXIMATELY 2,900 FULL AND PART-TIME UNDERGRADUATE STUDENTS AND APPROXIMATELY 725 FULL AND PART-TIME GRADUATE STUDENTS.
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.
STUDENT SERVICES INCLUDE ADMINISTRATION OF FINANCIAL AID PROGRAMS, ORIENTATION PROGRAMS, STUDENT COUNSELING, ADMISSIONS, AND RECORDS OFFICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev James J Maher Cm President (ex-Officio) | OfficerTrustee | 40 | $377,630 |
Gregory R Paulus Men's Basketball Coach | 40 | $253,383 | |
Robert Morreale Cfio | Officer | 40 | $221,689 |
Mary E Borgognoni SVP Ops & Facilities (to 8/1/22) | Officer | 40 | $216,903 |
Debra A Colley Executive Vice President | Officer | 40 | $215,786 |
Timothy O Ireland Provost | Officer | 40 | $208,015 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ug2 Llc Custodial Service Provider | 5/30/22 | $1,990,382 |
Orr Associates Inc Fundraising | 5/30/22 | $1,088,347 |
Metz Culinary Management Food Service Provider | 5/30/22 | $4,718,455 |
Crowley Webb & Associates Advertising Agency | 5/30/22 | $919,050 |
Elbers Landscape Service Inc Landscape Service Provider | 5/30/22 | $827,106 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $160,234 |
| Related organizations | $0 |
| Government grants | $6,179,525 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,547,093 |
| Noncash contributions included in lines 1a–1f | $621,989 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,886,852 |
| Total Program Service Revenue | $112,383,915 |
| Investment income | $4,802,806 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,519,344 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $138,949,785 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $48,972,754 |
| Grants and other assistance to Foreign Orgs/Individuals | $4,022,771 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $980,843 |
| Compensation of current officers, directors, key employees. | $823,705 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $36,884,516 |
| Pension plan accruals and contributions | $2,153,963 |
| Other employee benefits | $5,244,268 |
| Payroll taxes | $2,935,946 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,305,517 |
| Fees for services: Accounting | $243,232 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $867,305 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $210,497 |
| Advertising and promotion | $699,445 |
| Office expenses | $3,490,220 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,848,678 |
| Travel | $820,494 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,621,017 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,689,670 |
| Insurance | $622,098 |
| All other expenses | $2,720,910 |
| Total functional expenses | $137,050,893 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,780,111 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,615,139 |
| Accounts receivable, net | $6,549,513 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,811,398 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $948,703 |
| Net Land, buildings, and equipment | $139,257,631 |
| Investments—publicly traded securities | $66,575,410 |
| Investments—other securities | $48,294,396 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,076,135 |
| Total assets | $277,908,436 |
| Accounts payable and accrued expenses | $5,915,961 |
| Grants payable | $2,288,310 |
| Deferred revenue | $5,806,050 |
| Tax-exempt bond liabilities | $36,799,147 |
| 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 | $10,800,000 |
| Other liabilities | $2,995,894 |
| Total liabilities | $64,605,362 |
| Net assets without donor restrictions | $146,846,161 |
| Net assets with donor restrictions | $66,456,913 |
| 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 | $277,908,436 |
Grants Recieved
Over the last fiscal year, we have identified 36 grants that Niagara University has recieved totaling $3,109,824.
| Awarding Organization | Amount |
|---|---|
The Ralph C Wilson Jr Foundation Detroit, MI PURPOSE: TO SUPPORT THE CORNERSTONE COACHES PROGRAM, AN IN-PERSON, ONLINE AND MOBILE TRAINING PLATFORM THAT WILL TRAIN 5,000+ YOUTH SPORTS COACHES, WITH PARTICULAR FOCUS ON SUPPORTING SOCIAL-EMOTIONAL LEARNING. | $569,100 |
John R Oishei Foundation Buffalo, NY PURPOSE: REVITALIZATION OF NIAGARA FALLS: NIAGARA UNIVERSITYS ACADEMIC INNOVATION HUB | $454,646 |
Metro Atlantic Athletic Conference Edison, NJ PURPOSE: TO SUPPORT MEMBER INSTITUTION | $400,289 |
Mother Cabrini Health Foundation New York, NY PURPOSE: PRACTICE INNOVATIONS TO SUPPORT A RESILIENT, INCLUSIVE & EQUITABLE NURSE WORKFORCE | $400,000 |
Galway Bay Foundation Inc Saddle River, NJ PURPOSE: GENERAL | $300,000 |
The Ralph C Wilson Jr Foundation Detroit, MI PURPOSE: TO SUPPORT THE CORNERSTONE COACHES PROGRAM, AN IN-PERSON, ONLINE AND MOBILE TRAINING PLATFORM THAT WILL TRAIN 5,000+ YOUTH SPORTS COACHES. | $204,750 |
Endowment Analysis
| Beg. Balance | $115,515,668 |
| Earnings | -$4,448,674 |
| Net Contributions | $7,214,956 |
| Other Expense | -$227,830 |
| Grants | $7,504,452 |
| Ending Balance | $111,005,328 |
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 |