Keuka College
- Assets
- $65.4m
- Revenue
- $53.6m
- Investments
- $0.0
- Employees
- 738
- Location
- Keuka Park, NY
- Founding
- 09/1939
- Data as of
- 06/2023
- EIN
- 16-6054295
Organization Overview
Keuka College is located in Keuka Park, NY. The organization was established in 1939. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2023, Keuka College employed 738 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Keuka 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 06/2023, Keuka College generated $53.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $52.4m during the year ending 06/2023. 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
TO CREATE EXEMPLARY CITIZENS AND LEADERS TO SERVE THE NATION AND THE WORLD OF THE 21ST CENTURY.
Describe the Organization's Program Activity:
SINCE ITS FOUNDING IN 1890 AS A SPIRITUALLY CENTERED COLLEGE OF LIBERAL ARTS AND PRACTICAL LEARNING, KEUKA COLLEGE HAS GRADUATED GENERATIONS OF HUMANISTS AND SCIENTISTS, CONTRIBUTIVE CITIZENS AND CARING LEADERS; WOMEN AND MEN ENERGETICALLY ENGAGED IN THE ART OF LEADING PRODUCTIVE AND FULFILLING LIVES. KEUKA COLLEGE STUDENTS ARE CHOSEN FOR REASONS OF ABILITY AND CHARACTER, AND DURING THEIR KEUKA COLLEGE YEARS, THEY DEVELOP THOSE ABILITIES, DISCOVER OTHERS THEY DID NOT KNOW THEY HAD, AND TAKE RESPONSIBILITY NOT ONLY OF THE COURSE OF THEIR EDUCATIONS, BUT THE PURSUIT OF THEIR OWN HAPPINESS.KEUKA COLLEGE OFFERS ACCREDITED LIBERAL ARTS-BASED UNDERGRADUATE AND GRADUATE DEGREE PROGRAMS AT ITS HOME CAMPUS AND ACROSS NEW YORK STATE. THE COLLEGE ALSO OPERATES PROGRAMS IN CHINA AND VIETNAM. NURSING, BUSINESS, CRIMINAL JUSTICE, SOCIAL WORK, OCCUPATIONAL THERAPY, PSYCHOLOGY, AND BIOLOGY ARE AMONG THE TOP PROGRAMS IN THE COLLEGE'S PROGRAM PORTFOLIO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Storey President | OfficerTrustee | 40 | $335,202 |
Amanda Chu Board Of Trustees | Trustee | 1 | $0 |
Donald P Wertman Secretary | OfficerTrustee | 1 | $0 |
Keith H Fagan Board Of Trustees | Trustee | 1 | $0 |
Rev Anne B Waasdorp Board Of Trustees | Trustee | 1 | $0 |
Crystal J Gips Edd Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Avi Foodsystems Inc Food Services | 6/29/23 | $2,178,830 |
Finger Lakes Premier Properties Inc Physical Plant/housekeeping | 6/29/23 | $1,880,453 |
Keypath Education Llc Online Education Revenue Share | 6/29/23 | $1,055,184 |
Nms Security Services Llc Security Services | 6/29/23 | $452,602 |
Otis Elevator Company Elevator Maintenance | 6/29/23 | $263,947 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,424,361 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,948,072 |
| Noncash contributions included in lines 1a–1f | $177,702 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,372,433 |
| Total Program Service Revenue | $44,618,816 |
| Investment income | $435,253 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $139,134 |
| Net Gain/Loss on Asset Sales | -$90,219 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $53,580,545 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $16,558,710 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $943,575 |
| Compensation of current officers, directors, key employees. | $943,575 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,999,622 |
| Pension plan accruals and contributions | $381,510 |
| Other employee benefits | $2,744,616 |
| Payroll taxes | $1,228,076 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $176,974 |
| Fees for services: Accounting | $81,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $92,646 |
| Fees for services: Other | $3,958,308 |
| Advertising and promotion | $463,362 |
| Office expenses | $1,626,691 |
| Information technology | $33,871 |
| Royalties | $0 |
| Occupancy | $3,682,908 |
| Travel | $291,180 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $78,122 |
| Interest | $561,857 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,692,964 |
| Insurance | $560,499 |
| All other expenses | $58,046 |
| Total functional expenses | $52,422,099 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,144,733 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $656,117 |
| Accounts receivable, net | $1,759,682 |
| Loans from Officers, Directors, or Controlling Persons | $210,769 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $330,858 |
| Inventories for sale or use | $13,219 |
| Prepaid expenses and deferred charges | $439,250 |
| Net Land, buildings, and equipment | $33,851,066 |
| Investments—publicly traded securities | $15,866,029 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,170,978 |
| Total assets | $65,442,701 |
| Accounts payable and accrued expenses | $2,618,983 |
| Grants payable | $0 |
| Deferred revenue | $1,734,556 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $19,945,054 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,143,951 |
| Total liabilities | $27,442,544 |
| Net assets without donor restrictions | $16,736,110 |
| Net assets with donor restrictions | $21,264,047 |
| 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 | $65,442,701 |
Grants Awarded
Over the last fiscal year, Keuka College has awarded $43,024 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ONONDAGA COMMUNITY COLLEGE PURPOSE: SCHOLARSHIPS | $9,361 |
MONROE COMMUNITY COLLEGE PURPOSE: SCHOLARHSIPS | $12,177 |
FINGER LAKES COMMUNITY COLLEGE PURPOSE: SCHOLARSHIPS | $21,486 |