Hilbert College
- Assets
- $32.4m
- Revenue
- $25.0m
- Investments
- $0.0
- Employees
- 370
- Location
- Hamburg, NY
- Founding
- 09/1971
- Data as of
- 05/2022
- EIN
- 16-6031585
Organization Overview
Hilbert College is located in Hamburg, NY. The organization was established in 1971. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, under the broad grouping of Education and related organizations. As of 05/2022, Hilbert College employed 370 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hilbert 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 05/2022, Hilbert College generated $25.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $27.1m during the year ending 05/2022. While expenses have increased by 4.5% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
HILBERT COLLEGE IS AN INDEPENDENT INSTITUTION OF HIGHER LEARNING THAT EMBRACES ITS CATHOLIC FRANCISCAN HERITAGE AND VALUES. STUDENTS FROM DIVERSE BACKGROUNDS ARE EDUCATED IN LIBERAL ARTS AND PROFESSIONAL PROGRAMS TO BECOME INFORMED CITIZENS COMMITTED TO SERVING AND STRENGTHENING THEIR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HILBERT COLLEGE IS A HIGHER EDUCATION INSTITUTION OFFERING BACCALAUREATE DEGREES IN 25 PROGRAM AREAS AND MASTER DEGREES IN TWO PROGRAM AREAS. STUDENT SERVICES PROVIDED INCLUDE INSTRUCTION, STUDENT FINANCE, ADMISSIONS, CAREER DEVELOPMENT, MISSION INTEGRATION, COUNSELING, ATHLETICS, SCHOLARSHIPS, FINANCIAL AID, DIVERSITY AND INCLUSION AND STUDENT GOVERNMENT. THE COLLEGE'S ENGAGING, STUDENT-CENTERED CAMPUS COMMUNITY OFFERS NUMEROUS LEADERSHIP, INTERNSHIP, AND SERVICE LEARNING OPPORTUNITIES FROM WHICH STUDENTS LAUNCH SUCCESSFUL CAREERS WHILE MAKING A POSITIVE CHANGE IN THEIR COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Brophy PHD President | OfficerTrustee | 40 | $278,244 |
Jean Boland VP For Finance & Administr | Officer | 40 | $156,276 |
Maureen Finney Provost And VP For Academi | Officer | 40 | $152,840 |
Kathleen Christy VP For Institutional Advan | Officer | 40 | $142,479 |
Randyll Bowen VP For Enrollment Manageme | Officer | 40 | $139,890 |
Gregory Roberts VP For Student Life And De | Officer | 40 | $115,042 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Creative Communication Associates Marketing And Branding | 5/30/22 | $1,028,748 |
Ellucian Company It Consulting | 5/30/22 | $586,519 |
Bond Schoeneck And King Legal | 5/30/22 | $342,029 |
Synergy Global Solutions It Consulting | 5/30/22 | $201,200 |
Niagara Scenic Tours Transportation Services | 5/30/22 | $167,841 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,603,467 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,361,990 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,965,457 |
| Total Program Service Revenue | $19,611,107 |
| Investment income | $145,693 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,970 |
| Net Gain/Loss on Asset Sales | $1,141,197 |
| Net Income from Fundraising Events | $11,611 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,027,344 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $8,340,021 |
| Grants and other assistance to Foreign Orgs/Individuals | $161,102 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,143,213 |
| Compensation of current officers, directors, key employees. | $1,000,278 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,794,403 |
| Pension plan accruals and contributions | $346,359 |
| Other employee benefits | $805,138 |
| Payroll taxes | $534,026 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $18,000 |
| Fees for services: Investment Management | $43,306 |
| Fees for services: Other | $1,587,866 |
| Advertising and promotion | $1,014,870 |
| Office expenses | $543,558 |
| Information technology | $179,008 |
| Royalties | $0 |
| Occupancy | $907,776 |
| Travel | $153,305 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $104,528 |
| Interest | $222,549 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,061,743 |
| Insurance | $159,947 |
| All other expenses | $394,003 |
| Total functional expenses | $27,108,571 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $154,420 |
| Savings and temporary cash investments | $358,055 |
| Pledges and grants receivable | $384,957 |
| Accounts receivable, net | $888,966 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $117,863 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $49,818 |
| Net Land, buildings, and equipment | $20,408,212 |
| Investments—publicly traded securities | $10,003,990 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $32,366,281 |
| Accounts payable and accrued expenses | $1,240,272 |
| Grants payable | $0 |
| Deferred revenue | $496,564 |
| Tax-exempt bond liabilities | $3,195,584 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,677,665 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $489,322 |
| Total liabilities | $11,099,407 |
| Net assets without donor restrictions | $13,649,002 |
| Net assets with donor restrictions | $7,617,872 |
| 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 | $32,366,281 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Hilbert College has recieved totaling $701,458.
| Awarding Organization | Amount |
|---|---|
Mother Cabrini Health Foundation New York, NY PURPOSE: FRANCISCAN ADVOCACY & RESOURCE CENTER AT HILBERT COLLEGE | $673,625 |
Keybank Community Trust Brooklyn, OH PURPOSE: SCHOLARSHIP | $10,000 |
Frank L Ciminelli Family Foundation Inc Buffalo, NY PURPOSE: GENERAL PURPOSE | $10,000 |
Vincent And Harriet Palisano Foundation Buffalo, NY PURPOSE: SCHOLARSHIP | $4,500 |
Oliver C Hamister And Julia L Hamister Family Foundation Inc Buffalo, NY PURPOSE: GENERAL PURPOSE | $1,500 |
Thomas R & Lois K Mills Tr Norwich, NY PURPOSE: SCHOLARSHIP AWARD | $1,333 |
Endowment Analysis
| Beg. Balance | $7,987,085 |
| Earnings | -$996,259 |
| Net Contributions | $31,460 |
| Grants | $1,103,557 |
| Ending Balance | $5,918,729 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Raritan Valley Community College Dir Of Budget & Finance Office Somerville, NJ | $103,363,745 | $84,313,623 |
Dean College Franklin, MA | $117,492,231 | $77,417,313 |
Becker College Worcester, MA | $39,650,846 | $64,626,574 |
Mount Aloysius College Cresson, PA | $187,396,444 | $41,178,883 |
Landmark College Inc Putney, VT | $77,090,465 | $38,969,151 |
Lackawanna College Scranton, PA | $71,721,039 | $37,550,402 |
Keystone College La Plume, PA | $35,973,065 | $32,307,027 |
Mitchell College New London, CT | $42,145,371 | $31,379,437 |
Hilbert College Hamburg, NY | $32,366,281 | $25,027,344 |
Trocaire College Buffalo, NY | $48,308,094 | $27,715,968 |
Laboure College Milton, MA | $45,194,532 | $27,640,427 |
Maria College Albany, NY | $31,705,663 | $17,053,225 |