Utica University
- Assets
- $156.9m
- Revenue
- $105.1m
- Investments
- $6.8m
- Employees
- 1,709
- Location
- Utica, NY
- Founding
- 03/1996
- Data as of
- 05/2022
- EIN
- 16-1476258
Organization Overview
Utica University is located in Utica, NY. The organization was established in 1996. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 05/2022, Utica University employed 1,709 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Utica 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 05/2022, Utica University generated $105.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $104.9m during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE EMPOWER LEARNERS TO ACHIEVE THEIR CAREER AND LIFE GOALS THROUGH PERSONALLY ENRICHING EXPERIENCES AND OUTSTANDING EDUCATIONAL PATHWAYS.
Describe the Organization's Program Activity:
INSTRUCTION AND RESEARCH TO EDUCATE UNDERGRADUATE & GRADUATE STUDENTS PREPARING THEM TO ACHIEVE DISTINCTION IN THEIR CHOSEN PROFESSIONS AND INSPIRING THEM TO BECOME CITIZENS COMMITTED TO THEIR COMMUNITY. INSTITUTIONAL SUPPORT FOR CENTRAL AND EXECUTIVE-LEVEL ACTIVITIES CONCERNED WITH MANAGEMENT AND LONG-RANGE PLANNING FOR THE ENTIRE INSTITUTION.
STUDENT SERVICES PROVIDES SUPPORT TO INSTRUCTIONAL PROGRAMS WITH AN EMPHASIS ON STUDENT LIFE OUTSIDE THE CLASSROOM. IT INCLUDES AREAS SUCH AS ATHLETICS, STUDENT ACTIVITIES, CAREER COUNSELING AND PLACEMENT, ETC.
ACADEMIC SUPPORT ENCOMPASSES THE AREAS OF FACULTY AND PROGRAM DEVELOPMENT AS WELL AS RESOURCE CENTERS INCLUDING THE LIBRARY AND VARIOUS INSTITUTES DESIGNED TO SUPPORT THE LEARNING EXPERIENCE.
AUXILIARY ENTERPRISES EXPENSES $10,159,669 REVENUE $10,871,544
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Casamento President | Officer | 37.5 | $470,922 |
Todd Pfannestiel Provost & Senior Vice President For Academic Affairs | Officer | 37.5 | $215,043 |
Jeffrey Gates Senior Vice President Of Student Life And Enrollment | Officer | 37.5 | $202,823 |
Polly Smith Senior Vice President For Market Innovation & New Ventures/associtae Provost For Oes | 37.5 | $186,622 | |
George Nehme Vice President For Advancement | 37.5 | $179,053 | |
Pamela Salmon Vice President Of Financial Affairs | Officer | 37.5 | $166,839 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wiley Deltak Edu Online Educational Services | 5/30/22 | $5,114,940 |
Atalian Global Services Inc Facilities Services | 5/30/22 | $4,519,248 |
The Hayner Hoyt Corportation Construction | 5/30/22 | $9,724,501 |
Orbis Education Services Educational Partner | 5/30/22 | $5,031,580 |
Sodexo Inc & Affiliates Food Service | 5/30/22 | $4,071,572 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $11,574,082 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,740,670 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,314,752 |
| Total Program Service Revenue | $83,374,001 |
| Investment income | $727,502 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,636,453 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $105,142,781 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $19,715,568 |
| Grants and other assistance to Foreign Orgs/Individuals | $270,321 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,125,532 |
| Compensation of current officers, directors, key employees. | $1,029,112 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $35,324,025 |
| Pension plan accruals and contributions | $2,512,652 |
| Other employee benefits | $7,686,658 |
| Payroll taxes | $2,883,199 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $139,529 |
| Fees for services: Accounting | $120,142 |
| Fees for services: Lobbying | $12,500 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,486,307 |
| Advertising and promotion | $680,291 |
| Office expenses | $3,331,422 |
| Information technology | $785,913 |
| Royalties | $1,314 |
| Occupancy | $3,804,910 |
| Travel | $1,284,096 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $443,604 |
| Interest | $1,775,010 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,464,483 |
| Insurance | $852,710 |
| All other expenses | $2,759,187 |
| Total functional expenses | $104,853,806 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,150 |
| Savings and temporary cash investments | $16,579,558 |
| Pledges and grants receivable | $3,184,403 |
| Accounts receivable, net | $10,440,761 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $237,841 |
| Inventories for sale or use | $1,211 |
| Prepaid expenses and deferred charges | $335,679 |
| Net Land, buildings, and equipment | $83,714,998 |
| Investments—publicly traded securities | $28,864,607 |
| Investments—other securities | $6,835,827 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,729,568 |
| Total assets | $156,931,603 |
| Accounts payable and accrued expenses | $10,296,526 |
| Grants payable | $0 |
| Deferred revenue | $12,210,288 |
| Tax-exempt bond liabilities | $42,609,033 |
| 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 | $0 |
| Other liabilities | $17,497,469 |
| Total liabilities | $82,613,316 |
| Net assets without donor restrictions | $38,826,991 |
| Net assets with donor restrictions | $35,491,296 |
| 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 | $156,931,603 |
Grants Recieved
Over the last fiscal year, we have identified 29 grants that Utica University has recieved totaling $581,899.
| Awarding Organization | Amount |
|---|---|
Sibbri Foundation Vineyard Haven, MA PURPOSE: SUPPORT THE EDUCATIONAL EFFORTS OF A PRIVATE UNIVERSITY | $200,000 |
Community Foundation Of Herkimer And Oneida Counties Inc Utica, NY PURPOSE: GENERAL SUPPORT, INDIVIDUAL DEVELOPMENT, PROGRAM SUPPORT | $165,358 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $68,550 |
Bbl Charitable Foundation Inc Albany, NY PURPOSE: SUPPORT | $25,000 |
Joseph And Inez E Carbone Foundation Tr Utica, NY PURPOSE: GENERAL DONATION | $17,000 |
American Association Of University Professors Washington, DC PURPOSE: GRANT RE COVID RESPONSE AWARD CB MOBILIZATION | $15,000 |
Endowment Analysis
| Beg. Balance | $36,600,490 |
| Earnings | -$3,116,405 |
| Admin Expense | $80,495 |
| Net Contributions | $3,347,871 |
| Other Expense | $324,217 |
| Grants | $956,285 |
| Ending Balance | $35,470,959 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Berklee College Of Music Inc Boston, MA | $854,558,047 | $384,612,408 |
Ithaca College Ithaca, NY | $834,703,732 | $365,679,639 |
Trustees Of Amherst College Amherst, MA | $4,260,760,426 | $407,702,412 |
Wellesley College Wellsley, MA | $4,125,529,097 | $515,515,442 |
Touro University New York, NY | $558,489,117 | $321,976,604 |
Williams College Williamstown, MA | $5,589,417,372 | $397,351,793 |
Wesleyan University Middletown, CT | $1,706,429,000 | $326,592,000 |
Saint Josephs University Philadelphia, PA | $901,366,941 | $347,052,680 |
Emerson College Boston, MA | $1,139,244,716 | $275,696,398 |
Colgate University Treasurers Office Hamilton, NY | $1,984,946,016 | $378,114,548 |
Trustees Of The College Of The Holy Cross Worcester, MA | $1,320,181,892 | $265,241,305 |
Babson College Babson Park, MA | $1,084,295,364 | $304,101,925 |