Utica University
- Assets
- $156.9m
- Revenue
- $105.1m
- Investments
- $6.8m
- Employees
- 1,780
- 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 05/2023, Utica University employed 1,780 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 8 years, revenues have fallen by an average of (1.2%) 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 (1.8%) per year over the past 8 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
WE EMPOWER LEARNERS TO ACHIEVE THEIR CAREER AND LIFE GOALS THROUGH PERSONALLY ENRICHING EXPERIENCES AND OUTSTANDING EDUCATIONAL PATHWAYS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
AUXILIARY ENTERPRISES EXPENSES $9,803,784 REVENUE $10,897,532
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Casamento President | Officer | 37.5 | $458,451 |
Jeffrey Gates Senior Vice President Of Student Life And Enrollment | Officer | 37.5 | $202,998 |
Todd Pfannestiel Provost & Senior Vice President For Academic Affairs | Officer | 37.5 | $215,222 |
Polly Smith Senior Vice President For Market Innovation & New Ventures/associtae Provost For Oes | 37.5 | $191,412 | |
Ahmed Radwan Dean For Health And Professions | 37.5 | $165,746 | |
Pamela Salmon Vice President Of Financial Affairs | Officer | 37.5 | $166,985 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Atalian Global Services Inc Facilities Services | 5/30/23 | $4,932,937 |
Wiley Deltak Edu Online Educational Services | 5/30/23 | $7,404,405 |
Follett Higher Education Group Bookstore Services | 5/30/23 | $2,274,435 |
Sodexo Inc & Affiliates Food Service | 5/30/23 | $3,606,757 |
Orbis Education Services Educational Partner | 5/30/23 | $3,597,911 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,314,752 |
| 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 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 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 | $0 |
| 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 |
| 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 |
| Total liabilities and net assets/fund balances | $74,318,287 |