Sarah Lawrence College
- Assets
- $294.5m
- Revenue
- $123.1m
- Investments
- $153.2m
- Employees
- 1,522
- Location
- Bronxville, NY
- Founding
- 01/1973
- Data as of
- 05/2023
- EIN
- 23-7223216
Organization Overview
Sarah Lawrence College is located in Bronxville, NY. The organization was established in 1973. 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, Sarah Lawrence College employed 1,522 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sarah Lawrence 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 05/2023, Sarah Lawrence College generated $123.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $131.9m during the year ending 05/2023. While expenses have increased by 2.2% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SARAH LAWRENCE COLLEGE IS A FOUR-YEAR LIBERAL ARTS COLLEGE (CONTINUED ON SCHEDULE O) OFFERING SELECT GRADUATE PROGRAMS ON ITS MAIN CAMPUS IN BRONXVILLE, NY AND 4 UNDERGRADUATE GLOBAL STUDIES PROGRAMS.
Describe the Organization's Program Activity:
UNDERGRADUATE PROGRAMS: THE FREEDOM TO STEER YOUR OWN EDUCATION HAS ALWAYS BEEN THE BASIS OF SARAH LAWRENCE'S ACADEMIC APPROACH. STUDENTS CREATE A COURSE OF STUDY THAT IS UNIQUELY THEIRS, BENEFITING FROM A 11:1 STUDENT-TO-FACULTY RATIO AND 1:1 CONFERENCES WITH FACULTY. STUDENTS ENGAGE IN A LEVEL OF INTELLECTUAL AND CREATIVE DEVELOPMENT THAT PREPARES THEM FOR A LIFE OF MEANING IN WHATEVER PROFESSIONAL PATHWAYS THEY CHOOSE. OUR 1,400 DEGREE-SEEKING STUDENTS CAN FOCUS IN ANY OF OUR NEARLY 50 DISCIPLINES ON OUR CAMPUS OR IN GLOBAL STUDIES PROGRAMS IN LONDON, OXFORD, PARIS, AND HAVANA.
OTHER EDUCATIONAL PROGRAMS CONSISTING OF NON-CREDIT CONTINUING EDUCATION PROGRAMS, SPECIAL NON-CREDIT COURSES FOR ADULTS, (LANGUAGE, PHOTOGRAPHY, SWIMMING AND FITNESS, ETC.), WRITING INSTITUTE CLASSES, CERTIFICATE COURSES, AND EARLY CHILDHOOD PROGRAMS.
AUXILIARY ENTERPRISES: SARAH LAWRENCE COLLEGE PROVIDES STUDENTS WITH A WIDE RANGE OF LIVING AND DINING EXPERIENCES. ON-CAMPUS HOUSING FOR 1,080 STUDENTS INCLUDES MANY UNIQUE OPTIONS, FROM CONVERTED HOUSES TO TRADITIONAL SUITE-STYLE RESIDENCE HALLS. SARAH LAWRENCE DINING OPTIONS INCLUDE DINING-HALL, GRAB-AND-GO, AND CAFE STYLE FARE ACROSS A RANGE OF MEAL-PLANS.
GRADUATE PROGRAMS: SARAH LAWRENCE COLLEGE OFFERS ITS 225 GRADUATE STUDENTS NINE DISTINCTIVE MASTER'S DEGREE AND VARIOUS NON-DEGREE AND CERTIFICATE PROGRAMS WHICH INCLUDE THE AREAS OF WRITING, THEATRE, WOMEN'S HISTORY, DANCE, CHILD DEVELOPMENT, ART OF TEACHING, HUMAN GENETICS, HEALTH ADVOCACY AND DANCE MOVEMENT THERAPY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cristle Collins Judd President/trustee | OfficerTrustee | 40 | $510,904 |
Elizabeth Johnston Faculty/trustee | Trustee | 40 | $99,355 |
Meryl Rosen Chair Of The Board | OfficerTrustee | 2 | $0 |
David Dull Vice Chairperson (thru 05/31/2023) | OfficerTrustee | 2 | $0 |
Shanlon Wu Vice Chair (as Of 06/2022)/trustee | OfficerTrustee | 2 | $0 |
Tracei Gorelick Akarlilar Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Avi Fresh-food Service Food Service | 5/30/23 | $5,901,324 |
Abm Janitorial Services Janitorial | 5/30/23 | $1,372,291 |
Flora Landscapes Ltd Landscaping | 5/30/23 | $725,185 |
Elite Restoration Construction | 5/30/23 | $423,260 |
Prozer Construction Construction | 5/30/23 | $411,168 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,329,455 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,131,367 |
| Noncash contributions included in lines 1a–1f | $2,963,606 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,460,822 |
| Total Program Service Revenue | $113,480,698 |
| Investment income | $115,940 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,006,983 |
| Net Gain/Loss on Asset Sales | $35,716 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $123,100,159 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $43,928,042 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,605,763 |
| Compensation of current officers, directors, key employees. | $1,470,810 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $34,654,146 |
| Pension plan accruals and contributions | $105,989 |
| Other employee benefits | $10,165,425 |
| Payroll taxes | $2,515,583 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $299,401 |
| Fees for services: Accounting | $110,902 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $382,719 |
| Fees for services: Other | $724,438 |
| Advertising and promotion | $1,052,156 |
| Office expenses | $2,210,196 |
| Information technology | $1,823,970 |
| Royalties | $0 |
| Occupancy | $2,222,129 |
| Travel | $1,776,700 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $165,561 |
| Interest | $4,286,073 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,900,860 |
| Insurance | $1,411,043 |
| All other expenses | $2,402,325 |
| Total functional expenses | $131,869,787 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,705,455 |
| Pledges and grants receivable | $15,358,434 |
| Accounts receivable, net | $427,376 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $170,017 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,623,142 |
| Net Land, buildings, and equipment | $109,248,054 |
| Investments—publicly traded securities | $6,608,601 |
| Investments—other securities | $153,227,286 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,121,750 |
| Total assets | $294,490,115 |
| Accounts payable and accrued expenses | $6,624,734 |
| Grants payable | $0 |
| Deferred revenue | $2,348,990 |
| Tax-exempt bond liabilities | $40,629,726 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $46,103,521 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,220,012 |
| Total liabilities | $102,926,983 |
| Net assets without donor restrictions | $39,983,282 |
| Net assets with donor restrictions | $151,579,850 |
| 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 | $294,490,115 |