COMMISSION ON INDEPENDENT COLLEGES AND UNIVERSITIES

EIN: 132707879 501(c)(3) Education

ALBANY, NY

Total Revenue
$2,603,264
Total Expenses
$2,468,780
Total Assets
$9,617,579
Net Assets
$7,058,359
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1956
Legal Domicile
NY
Principal Officer
LOLA W BRABHAM
Phone
5184364781
Tax Period
2024-07-01 to 2025-06-30

COMMISSION ON INDEPENDENT COLLEGES AND UNIVERSITIES, founded in 1956, is a community nonprofit in the Education sector that reported $2.6M in total revenue in fiscal year 2024. Expenses of $2.5M left a modest 5% surplus.

Mission

MEMBERSHIP ASSOCIATION FOR INDEPENDENT COLLEGE AND UNIVERSITY CHIEF EXECUTIVES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $112,520
Program Service Revenue $2,209,998
Investment Income $205,637
Other Revenue $75,109
TOTAL REVENUE $2,603,264

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,939,692
Fundraising Expenses $0
Program Expenses $2,161,131
Other Expenses $529,088
TOTAL EXPENSES $2,468,780

Year-over-Year Comparison

2024 2023 Change
Revenue $2,603,264 $2,624,953 0.0%
Expenses $2,468,780 $2,358,177 +0.0%
Net Income $134,484 $266,776 -0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
25
Independent Members
25
Employees
13
Volunteers
38

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
11
$1,041,010
Total Directors
34
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS BAILEY TRUSTEE (TO MARCH) 0.50
Director
$0 $0 $0
LEON BOTSTEIN TRUSTEE (TO MARCH) 0.50
Director
$0 $0 $0
FRANCES BRONET TRUSTEE (TO MARCH) 0.50
Director
$0 $0 $0
MICHAEL BROPHY TRUSTEE 0.50
Director
$0 $0 $0
SUSAN BURNS TRUSTEE 0.50
Director
$0 $0 $0
CINNAMON CARLARNE TRUSTEE 0.50
Director
$0 $0 $0
MICHAEL CASSIDY TRUSTEE 0.50
Director
$0 $0 $0
KIMBERLY CLINE TRUSTEE 0.50
Director
$0 $0 $0
MARC CONNER TRUSTEE 0.50
Director
$0 $0 $0
LA JERNE TERRY CORNISH TRUSTEE 0.50
Director
$0 $0 $0
ANTHONY CROWELL TRUSTEE 0.50
Director
$0 $0 $0
KENNETH DALY TRUSTEE 0.50
Director
$0 $0 $0
BASSAM DEEB TRUSTEE (TO MARCH) 0.50
Director
$0 $0 $0
HANK FOLEY TRUSTEE (TO MARCH) 0.50
Director
$0 $0 $0
MATTHEW GIORDANO TRUSTEE (FROM MARCH) 0.50
Director
$0 $0 $0
RUPERT HAYLES TRUSTEE 0.50
Director
$0 $0 $0
MARVIN KRISLOV TRUSTEE 0.50
Director
$0 $0 $0
WAYNE LEWIS JR TRUSTEE 0.50
Director
$0 $0 $0
LYNN ORTALE TRUSTEE 0.50
Director
$0 $0 $0
SUSAN PARISH TRUSTEE 0.50
Director
$0 $0 $0
ELIZABETH PAUL TRUSTEE (TO MARCH) 0.50
Director
$0 $0 $0
TODD PFANNESTIEL TRUSTEE 0.50
Director
$0 $0 $0
SHAEL POLAKOW-SURANSKY TRUSTEE (TO MARCH) 0.50
Director
$0 $0 $0
MATTHEW SHAFTEL TRUSTEE 0.50
Director
$0 $0 $0
REV BRIAN SHANLEY TRUSTEE (FROM MARCH) 0.50
Director
$0 $0 $0
STEVE STOUTE TRUSTEE 0.50
Director
$0 $0 $0
TANIA TETLOW TRUSTEE 0.50
Director
$0 $0 $0
TOYIN TOFADE TRUSTEE 0.50
Director
$0 $0 $0
CHARLES SEIFERT CHAIR 0.50
Officer Director
$0 $0 $0
DAVID HARRIS VICE-CHAIR (TO MARCH) 0.50
Officer Director
$0 $0 $0
JAMES LENTINI VICE-CHAIR 0.50
Officer Director
$0 $0 $0
SHARON DEVIVO VICE-CHAIR 0.50
Officer Director
$0 $0 $0
LORRIE CLEMO SECRETARY (TO MARCH) 0.50
Officer Director
$0 $0 $0
CHARLES GIBBS SECRETARY (FROM MARCH) 0.50
Officer Director
$0 $0 $0
LOLA BRABHAM PRESIDENT 35.63
Officer
$323,004 $34,702 $374,706
CLAIRE MILLER VP STRATEGIC DEV/CHIEF OF STAFF 37.50
Officer
$131,828 $25,977 $157,805
KEITH CUSHING VP RESEARCH/ADMIN 37.50
Officer
$133,124 $51,787 $184,911
THOMAS SCHNURR DIRECTOR OF GOV AFFAIRS 35.63
Officer
$87,945 $43,672 $136,246
EDICECIL SAMANIEGO CFO 37.50
Officer
$135,571 $51,771 $187,342
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $2,603,264 $2,468,780 $9,617,579 $134,484
2024 $2,624,953 $2,358,177 $9,246,059 $266,776
2023 $2,358,970 $2,402,031 $8,890,201 $-43,061
2022 $2,269,606 $2,203,275 $8,699,899 $66,331
2021 $2,617,125 $1,860,757 $8,697,895 $756,368
2020 $2,445,781 $1,919,642 $7,967,839 $526,139
2019 $2,392,790 $1,934,375 $7,230,543 $458,415
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