TRUSTEES OF UNION COLLEGE IN THE TOWN OF SCHENECTADY IN THE STATE OF NEW YORK

EIN: 141338580 501(c)(3) Education

SCHENECTADY, NY

Total Revenue
$201,630,667
Total Expenses
$215,771,361
Total Assets
$917,945,737
Net Assets
$713,341,284
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Financial Trends

Organization Details

Formation Year
1795
Legal Domicile
NY
Principal Officer
DAVID R HARRIS
Phone
5183886104
Tax Period
2022-07-01 to 2023-06-30

TRUSTEES OF UNION COLLEGE IN THE TOWN OF SCHENECTADY IN THE STATE OF NEW YORK, founded in 1795, is a major nonprofit in the Education sector that reported $201.6M in total revenue in fiscal year 2022. Revenue decreased 11% compared to the prior year. Net assets of $713.3M represent 42 months of operating reserves.

Mission

UNION COLLEGE, CHARTERED BY THE STATE OF NEW YORK IN 1795, IS ONE OF THE NATION'S OLDEST AND MOST DISTINGUISHED LIBERAL ARTS COLLEGES WITH ENGINEERING. CONSISTENTLY RANKED AMONG THE NATION'S TOP COLLEGES, UNION IS A LEADER IN EDUCATING STUDENTS (SEE SCHEDULE O)

Program Service Accomplishments

Program 1
Expenses: $187,837,590 Revenue: $157,670,694

THE UNION COLLEGE CURRICULUM EMPHASIZES COLLABORATION WITH STUDENTS AND FACULTY THROUGH SMALL CLASSES AND UNDERGRADUATE RESEARCH, INTERNATIONAL STUDY AND LEARNING THROUGH SERVICE. THROUGH ITS UNIQUE...

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THE UNION COLLEGE CURRICULUM EMPHASIZES COLLABORATION WITH STUDENTS AND FACULTY THROUGH SMALL CLASSES AND UNDERGRADUATE RESEARCH, INTERNATIONAL STUDY AND LEARNING THROUGH SERVICE. THROUGH ITS UNIQUE INTERDISCIPLINARY APPROACH TO THE LIBERAL ARTS, UNION COMBINES THE HUMANITIES AND SOCIAL SCIENCES WITH SCIENCE AND ENGINEERING, EMPHASIZING THE PRACTICAL APPLICATION OF IDEAS THROUGH HANDS-ON EXPERIENCE. WITH MORE THAN 40 MAJORS AND 55 MINORS TO CHOOSE FROM, UNION STUDENTS CAN PURSUE DOUBLE MAJORS; COMBINE MAJORS AND MINORS; SELECT INTERDEPARTMENTAL AND MULTIDISCIPLINARY CONCENTRATIONS, AND AREA, ETHNIC AND CULTURAL STUDIES PROGRAMS; OR DESIGN THEIR OWN MAJOR. MOST STUDENTS TAKE THREE COURSES IN EACH OF THE THREE 10-WEEK TERMS THAT COMPRISE UNION'S ACADEMIC CALENDAR SYSTEM. (SEE SCHEDULE O)NEARLY EVERY ACADEMIC DEPARTMENT REQUIRES STUDENTS TO COMPLETE SOME FORM OF RESEARCH IN THEIR SUBJECT AREA, AND STUDENTS HAVE OPPORTUNITIES TO WORK ONE-ON-ONE WITH THEIR PROFESSORS. AT STEINMETZ SYMPOSIUM EACH SPRING, SOME 400 STUDENTS PRESENT THE RESULTS OF THEIR RESEARCH, SCHOLARLY AND CREATIVE ACTIVITIES. MANY STUDENTS CO-AUTHOR PUBLICATIONS WITH THEIR PROFESSORS AND PRESENT AT THE NATIONAL CONFERENCE ON UNDERGRADUATE RESEARCH (NCUR). MANY PARTICIPATE IN BUSINESSES, HEALTH CARE, GOVERNMENT AND SOCIAL SERVICE INTERNSHIPS.THE INTERNATIONAL EXPERIENCE IS A HALLMARK OF A UNION EDUCATION, WITH NEARLY 60 PERCENT OF STUDENTS PURSUING STUDIES, RESEARCH, INTERNSHIPS, AND OTHER PROGRAMS ABROAD. ON CAMPUS, OPPORTUNITIES FOR LEADERSHIP, DISCUSSION AND COMMUNITY ABOUND IN THE MINERVA SYSTEM, OFFERING RESIDENTIAL, ACADEMIC AND SOCIAL PROGRAMS. EVERY INCOMING STUDENT IS ASSIGNED TO ONE OF SEVEN MINERVA HOUSES, WHICH ALSO INVOLVE FACULTY AND STAFF.UNION'S BECKER CAREER CENTER HELPS STUDENTS WITH CAREER PLANNING, INTERNSHIPS AND THE GRADUATE SCHOOL AND JOB SEARCH. RECENT TRENDS SHOW THAT ABOUT A THIRD OF GRADUATING SENIORS GO DIRECTLY TO GRADUATE OR PROFESSIONAL SCHOOLS, AND UNION HAS EARNED AN EXCELLENT REPUTATION FOR PLACING GRADUATES IN MEDICAL, LAW AND BUSINESS SCHOOLS. UNION'S MORE THAN 22,000 ALUMNI INCLUDE LEADERS IN ALL FIELDS, INCLUDING ARTS, MEDICINE, SCIENCE, ENGINEERING, MEDIA, ENTERTAINMENT, LAW AND POLITICS. GRADUATES INCLUDE NOBEL PRIZE AND ACADEMY AWARD WINNERS, A NATIONAL BOOK AWARD WINNER AND A MCARTHUR FELLOW, AN OLYMPIC GOLD MEDALIST, SEVEN CABINET SECRETARIES, A SECRETARY OF STATE, 13 GOVERNORS, 200 JUDGES, 90 COLLEGE PRESIDENTS AND THE 21ST PRESIDENT OF THE UNITED STATES.AS ONE OF THE PRE-EMINENT LIBERAL ARTS COLLEGES IN THE UNITED STATES, THE COLLEGE OFFERS:- 2,050 FULL-TIME UNDERGRADUATES FROM 40 STATES AND TERRITORIES AND 50 COUNTRIES- 23% DOMESTIC STUDENTS OF COLOR- 10% INTERNATIONAL- 9:1 STUDENT-FACULTY RATIO- 219 FACULTY MEMBERS; 97% HAVE EARNED A PH.D. OR THE HIGHEST DEGREE IN THEIR FIELD- $60 MILLION IN UNION COLLEGE SCHOLARSHIPS AND GRANTS ARE AWARDED EACH YEAR- MORE THAN 50% OF UNION STUDENTS RECEIVE NEED-BASED FINANCIAL SCHOLARSHIP ASSISTANCE TO ATTEND UNION AND OVER 30% RECEIVE MERIT SCHOLARSHIPS.

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

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $19,167,226
Program Service Revenue $157,670,694
Investment Income $20,931,299
Other Revenue $3,861,448
TOTAL REVENUE $201,630,667

Expense Breakdown

Grants Paid $67,529,368
Salaries & Benefits $85,486,513
Fundraising Expenses $7,972,335
Program Expenses $187,837,590
Other Expenses $62,755,480
TOTAL EXPENSES $215,771,361

Year-over-Year Comparison

2022 2021 Change
Revenue $201,630,667 $225,623,488 -0.1%
Expenses $215,771,361 $205,022,585 +0.1%
Net Income $-14,140,694 $20,600,903 -1.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
39
Independent Members
36
Employees
2296
Volunteers
43

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
10
$2,121,419
Total Directors
47
$1,103,280
Key Employees
4
$1,187,996
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID R HARRIS VOTING PRESIDENT/TRUSTEE EX OFFICIO 40.00
Officer Director
$742,144 $111,264 $853,408
ANDREW MORRIS FACULTY TRUSTEE (THRU 05/2023) 40.00
Director
$90,234 $51,997 $142,231
CHAD ORZEL FACULTY TRUSTEE 1.00
Director
$65,935 $41,706 $107,641
SHARI MIDONECK-POCHAPIN TERM TRUSTEE 1.00
Director
$0 $0 $0
ROBERT J MOSER TERM TRUSTEE 1.00
Director
$0 $0 $0
WILLIAM PERLSTEIN TERM TRUSTEE/GENERAL COUNSEL 2.30
Officer Director
$0 $0 $0
LINDA ABRIOLA TERM TRUSTEE 1.00
Director
$0 $0 $0
ROBERT BERTAGNA TERM TRUSTEE/CHAIRMAN 3.30
Officer Director
$0 $0 $0
DAVID J BREAZZANO LIFE TRUSTEE 1.50
Director
$0 $0 $0
KATHLEEN R BROWNE TERM TRUSTEE 1.00
Director
$0 $0 $0
THOMAS CAULFIELD TERM TRUSTEE 1.00
Director
$0 $0 $0
THOMAS J COLEMAN TERM TRUSTEE 2.50
Director
$0 $0 $0
DENNIS M COLEMAN TERM TRUSTEE 1.00
Director
$0 $0 $0
THOMAS G CONNOLLY TERM TRUSTEE 1.00
Director
$0 $0 $0
ESTELLE COOKE-SAMPSON TERM TRUSTEE 1.00
Director
$0 $0 $0
JUDITH DEIN TERM TRUSTEE 1.00
Director
$0 $0 $0
RICHARD DELANEY TERM TRUSTEE 1.00
Director
$0 $0 $0
PETER KWETU HAVILAND-EDUAH ALUMNI TRUSTEE 1.00
Director
$0 $0 $0
NEIL M GOLUB LIFE TRUSTEE 1.00
Director
$0 $0 $0
JULIE GREIFER-SWIDLER TERM TRUSTEE/CHAIR 1.50
Officer Director
$0 $0 $0
ALEXIS HENRIKSON STUDENT TRUSTEE (THRU 05/2023) 1.00
Director
$0 $0 $0
ARTHUR HOLDEN TERM TRUSTEE 1.50
Director
$0 $0 $0
JOHN K JOHNSON ALUMNI TRUSTEE 1.00
Director
$0 $0 $0
DOUGLASS KARP LIFE TRUSTEE 1.50
Director
$0 $0 $0
BRAD S KARP TERM TRUSTEE 1.50
Director
$0 $0 $0
JOHN E KELLY III LIFE TRUSTEE 1.00
Director
$0 $0 $0
JEFF LIPSITZ TERM TRUSTEE 1.00
Director
$0 $0 $0
GUY T LOGAN TERM TRUSTEE/VICE CHAIR 1.00
Director
$0 $0 $0
VINCENT MATTONE ALUMNI TRUSTEE 1.00
Director
$0 $0 $0
BETSY MODEST BRAND ALUMNI TRUSTEE (THRU 05/2023) 1.00
Director
$0 $0 $0
SARAH PONTIUS TERM TRUSTEE 1.00
Director
$0 $0 $0
JENNIFER SCONYERS LAWTON TERM TRUSTEE 1.00
Director
$0 $0 $0
KATHRYN STEFANIK BARRY TERM TRUSTEE/SECRETARY 1.00
Officer Director
$0 $0 $0
MARK L WALSH LIFE TRUSTEE (THRU 05/2023) 1.00
Director
$0 $0 $0
WILLIAM M WICKER TERM TRUSTEE (THRU 05/2023) 1.50
Director
$0 $0 $0
GOVERNOR KATHY HOCHUL EX-OFFICIO 1.00
Director
$0 $0 $0
PAUL D GINSBERG TERM TRUSTEE 1.00
Director
$0 $0 $0
KENYA LENOIR MESSER TERM TRUSTEE 1.00
Director
$0 $0 $0
EMILY STEIN STUDENT TRUSTEE 1.00
Director
$0 $0 $0
JAEY FREELAND - CHAIR PRESIDENT'S COUNCIL (AS OF 05/2023) 1.00
Director
$0 $0 $0
DAVID L HENLE LIFE TRUSTEE (THRU 05/2023) 1.50
Director
$0 $0 $0
ROY JACKSON TERM TRUSTEE (THRU 05/2023) 1.00
Director
$0 $0 $0
JASON KELLMAN TERM TRUSTEE (AS OF 05/2023) 1.00
Director
$0 $0 $0
FRANK L MESSA LIFE TRUSTEE (THRU 05/2023) 1.50
Director
$0 $0 $0
PETER RAYMOND ALUMNI TRUSTEE (AS OF 05/2023) 1.00
Director
$0 $0 $0
KRISANNA SCHEITER FACULTY TRUSTEE (AS OF 05/2023) 1.00
Director
$0 $0 $0
EASTWOOD YEBOAH STUDENT TRUSTEE (AS OF 05/2023) 7.00
Director
$0 $0 $0
SCOTT JONES VP FOR ADMINISTRATION & FINANCE 40.00
Officer
$273,736 $68,647 $342,383
DARCY CZAJKA VP AND CHIEF OF STAFF 40.00
Officer
$195,033 $27,584 $222,617
MAURA MACK HISGEN - INTERIM VP FOR COLLEGE RELATIONS/ASST. SEC. 40.00
Officer
$177,577 $40,070 $217,647
SARAH FARSAD REGISTRAR 40.00
Officer
$112,902 $48,213 $161,115
MICHELLE ANGRIST - VP ACADEMIC AFFAIRS/DEAN FACULTY (AS OF 05/2022) 40.00
Officer
$256,982 $67,267 $324,249
ROBERT PARKER VP FOR COLLEGE RELATIONS 40.00
Key Emp
$292,776 $71,331 $364,107
MATTHEW MALATESTA VP FOR ADMISSIONS, FA & ENROLLMENT 40.00
Key Emp
$220,998 $140,668 $361,666
ELLEN YU CHIEF INFORMATION OFFICER 40.00
Key Emp
$196,367 $59,933 $256,300
FRAN'CEE BROWN-MCCLURE VP STUD AFF & DEAN STUDENTS 40.00
Key Emp
$178,231 $27,692 $205,923
JAMES MCLAUGHLIN DIRECTOR OF ATHLETICS 40.00
Highest
$201,045 $90,977 $292,022
ERIC BENNETT HEAD MEN'S ICE HOCKEY COACH 40.00
Highest
$248,218 $23,312 $271,530
SCOTT RAVA ASST. VP & CAMPAIGN DIRECTOR 40.00
Highest
$172,238 $67,910 $240,148
HANS FRIEDRICH O MUELLER THOMAS LAMONT PROF. ANCT & MDRN LIT. 40.00
Highest
$176,173 $47,346 $223,519
ALICIA BUCHNAN CONTROLLER 40.00
Highest
$146,324 $19,721 $166,045
REBECCA CORTEZ FORMER FACULTY TRUSTEE 40.00
$138,246 $17,289 $155,535
STROM THACKER PROFESSOR/FORMER OFFICER 40.00
$181,911 $78,254 $260,165
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 No data No data No data No data
2024 No data No data No data No data
2023 $201,630,667 $215,771,361 $917,945,737 $-14,140,694
2022 $225,623,488 $205,022,585 $919,525,095 $20,600,903
2021 $197,804,663 $186,064,892 $1,010,860,824 $11,739,771
2020 $220,248,561 $183,275,004 $894,925,888 $36,973,557
2019 $209,889,545 $183,764,804 $858,695,559 $26,124,741
2018 $191,461,975 $179,845,268 $845,680,588 $11,616,707
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