MARIST COLLEGE

EIN: 141442493 501(c)(3) Education

POUGHKEEPSIE, NY

Total Revenue
$333,001,492
Total Expenses
$318,255,078
Total Assets
$1,014,810,614
Net Assets
$741,330,712
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Financial Trends

Organization Details

Formation Year
1946
Legal Domicile
NY
Principal Officer
KEVIN WEINMAN
Phone
8455753000
Tax Period
2022-07-01 to 2023-06-30

MARIST COLLEGE, founded in 1946, is a major nonprofit in the Education sector that reported $333.0M in total revenue in fiscal year 2022. Expenses of $318.3M left a modest 4% surplus.

Mission

MARIST COLLEGE IS DEDICATED TO HELPING STUDENTS DEVELOP THE INTELLECT, CHARACTER AND SKILLS REQUIRED FOR ENLIGHTENED, ETHICAL, AND PRODUCTIVE LIVES IN THE GLOBAL COMMUNITY OF THE 21ST CENTURY.

Program Service Accomplishments

Program 1
Expenses: $250,608,587 Revenue: $247,602,740

MARIST COLLEGE IS A HIGHLY SELECTIVE, COMPREHENSIVE INSTITUTION NOTED FOR ITS LEADERSHIP IN THE USE OF TECHNOLOGY IN AND OUT OF THE CLASSROOM. MARIST IS CHARTERED BY THE STATE OF NEW YORK ANDITS...

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MARIST COLLEGE IS A HIGHLY SELECTIVE, COMPREHENSIVE INSTITUTION NOTED FOR ITS LEADERSHIP IN THE USE OF TECHNOLOGY IN AND OUT OF THE CLASSROOM. MARIST IS CHARTERED BY THE STATE OF NEW YORK ANDITS POUGHKEEPSIE AND FLORENCE, ITALY CAMPUSES ARE FULLY ACCREDITED BY THE MIDDLE STATES COMMISSION ON HIGHER EDUCATION (MSCHE). MARIST'S STUDENT BODY IS COMPRISED OF 5,600 UNDERGRADUATE STUDENTS AND 907 GRADUATE STUDENTS WITH 47 BACHELOR'S PROGRAMS, 14 MASTER'S PROGRAMS, 15 CERTIFICATE PROGRAMS, AND 1 DOCTORAL PROGRAM. (CONTINUED IN SCHEDULE O)FOUNDED IN 1929, MARIST'S 228-ACRE CAMPUS OVERLOOKS THE HUDSON RIVER IN THE HEART OF THE HISTORIC HUDSON VALLEY AND IS SITUATED MIDWAY BETWEEN NEW YORK CITY AND ALBANY, THE STATE CAPITAL. WHAT STARTED AS A SCHOOL FOR THE TRAINING OF FUTURE MARIST BROTHERS HAS DEVELOPED INTO ONE OF THE MOST SELECTIVE COLLEGES IN THE NATION. MARIST IS ECUMENICAL IN CHARACTER AND REFLECTS THE IDEALS OF THE MARIST BROTHERS' FOUNDER, ST. MARCELLIN CHAMPAGNAT: COMMITMENT TO EXCELLENCE IN EDUCATION, THE IMPORTANCE OF COMMUNITY, AND DEDICATION TO THE PRINCIPLE OF SERVICE. MARIST COLLEGE IS DEDICATED TO THE DEVELOPMENT OF THE WHOLE PERSON IN A WAY THAT WILL PREPARE OUR GRADUATES TO LEAD ENLIGHTENED, ETHICAL, AND PRODUCTIVE LIVES IN THE GLOBAL COMMUNITY OF THE 21ST CENTURY.

Program 2
Expenses: $41,037,633 Revenue: $57,692,593

MARIST COLLEGE PROVIDES A VARIETY OF AUXILIARY SERVICES TO BOTH ITS STUDENTS AND EMPLOYEES IN SUPPORT OF ITS EDUCATIONAL MISSION. AS PART OF THE STUDENT EXPERIENCE, MARIST OFFERS A VARIETY OF COLLEGE...

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MARIST COLLEGE PROVIDES A VARIETY OF AUXILIARY SERVICES TO BOTH ITS STUDENTS AND EMPLOYEES IN SUPPORT OF ITS EDUCATIONAL MISSION. AS PART OF THE STUDENT EXPERIENCE, MARIST OFFERS A VARIETY OF COLLEGE HOUSING TO OVER 3400 STUDENTS IN CORRIDOR, SUITE, APARTMENT, AND TOWNHOUSE-STYLE RESIDENCES. THE RESIDENTIAL LIFE PROGRAM AT MARIST IS BASED UPON THE PHILOSOPHY OF PROVIDING STUDENTS WITH A SAFE, HEALTHY, AND ATTRACTIVE LIVING-LEARNING ENVIRONMENT THAT SUPPORTS AND SUPPLEMENTS THE EDUCATIONAL MISSION OF THE COLLEGE. (CONTINUED IN SCHEDULE O)STUDENTS ARE HOUSED USING A "RITES OF PASSAGE" PHILOSOPHY, WHICH RECOGNIZES THAT A STUDENT'S DEVELOPMENT SHOULD BE SUPPORTED BY HIS/HER LIVING ENVIRONMENT, ANOTHER LARGE AUXILIARY FUNCTION INCLUDES FOOD SERVICE THROUGH BOTH A RESIDENT AND RETAIL DINING PROGRAM. THE RESIDENT DINING OPERATION PROVIDES FOOD ON A DAILY BASIS TO OVER 3000 PARTICIPANTS. THE CAMPUS'S SIX RETAIL CAFES OFFER A WIDE SELECTION OF HOT AND COLD DRINKS, SOUPS, SALADS, SANDWICHES, AND SNACKS. THE CAMPUS DINING EXPERIENCE IS FOCUSED ON CULINARY EXPERTISE, FRESH LOCAL AND REGIONAL INGREDIENTS, HEALTHY OPTIONS, AND A SHARED SENSE OF ENVIRONMENTAL AND SOCIAL RESPONSIBILITY. OTHER CAMPUS AUXILIARY SERVICES INCLUDE A BOOKSTORE, COMPUTER STORE, AND A CAMPUS/COMMUNITY DEBIT CARD ACCOUNT KNOWN AS MARIST MONEY. THROUGHOUT ALL OF THE COLLEGE'S AUXILIARY SERVICES, AN EMPHASIS IS PLACED ON PROMOTING SUSTAINABLE PRACTICES WHERE APPLICABLE AND INCLUDE, BUT ARE NOT LIMITED TO, EDUCATING FACULTY, STAFF, AND STUDENTS ABOUT THE IMPACT OF THEIR ACTIONS ON THE ENVIRONMENT; IDENTIFYING, ESTABLISHING, AND PUBLICIZING SUSTAINABILITY PRINCIPLES, GOALS, AND BEST PRACTICES; PROVIDING A FRAMEWORK FOR GUIDING SUSTAINABLE PROCEDURES, PROGRAMS, AND INITIATIVES; AND MONITORING AND REPORTING PROGRESS ON CAMPUS SUSTAINABILITY INITIATIVES. MARIST COLLEGE VOLUNTARILY CONTRIBUTES TO FAIRVIEW FIRE DISTRICT'S ANNUAL FUNDRAISING CAMPAIGN AND CONTRIBUTES FUNDS FOR CAPITAL IMPROVEMENT.FORM 990, PART V, LINE 1A:AMOUNT REPORTED IN BOX 3 OF FORM 1096MARIST COLLEGE IS REPORTING THE NUMBER FROM FORM 1096, BOX 3, LESS THE AMOUNT OF FORMS 1098-T PROVIDED TO STUDENTS DURING THE YEAR. FOR 2022, THERE WERE 6,778 FORMS 1098-T ISSUED.

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Trantor Score

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

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $10,448,568
Program Service Revenue $305,295,333
Investment Income $12,876,957
Other Revenue $4,380,634
TOTAL REVENUE $333,001,492

Expense Breakdown

Grants Paid $102,310,990
Salaries & Benefits $120,354,681
Fundraising Expenses $2,359,562
Program Expenses $291,646,220
Other Expenses $95,447,247
TOTAL EXPENSES $318,255,078

Year-over-Year Comparison

2022 2021 Change
Revenue $333,001,492 $326,924,442 +0.0%
Expenses $318,255,078 $299,264,350 +0.1%
Net Income $14,746,414 $27,660,092 -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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Governance

Voting Members
27
Independent Members
27
Employees
3728
Volunteers
223

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
7
$2,390,840
Total Directors
32
$0
Key Employees
7
$2,162,321
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROSS A MAURI CHAIR 2.00
Officer Director
$0 $0 $0
TIM TENNEY VICE CHAIR 1.00
Director
$0 $0 $0
CHRISTOPHER G MCCANN VICE CHAIR 1.00
Director
$0 $0 $0
ROBERT R DYSON TRUSTEE 1.00
Director
$0 $0 $0
NEIL BENDER TRUSTEE 1.00
Director
$0 $0 $0
TIMOTHY G BRIER TRUSTEE (THRU 02/2023) 1.00
Director
$0 $0 $0
JAMES A CANNAVINO TRUSTEE (THRU 05/2023) 1.00
Director
$0 $0 $0
STEPHEN COSGROVE TRUSTEE 1.00
Director
$0 $0 $0
STEVEN EFFRON TRUSTEE 1.00
Director
$0 $0 $0
STANLEY E HARRIS TRUSTEE 1.00
Director
$0 $0 $0
DANIEL G HICKEY SR TRUSTEE 1.00
Director
$0 $0 $0
JAMES P HONAN TRUSTEE 1.00
Director
$0 $0 $0
BROTHER JOHN KLEIN TRUSTEE 1.00
Director
$0 $0 $0
SURESH KOTHAPALLI TRUSTEE (THRU 11/2022) 1.00
Director
$0 $0 $0
PATRICK M LAVELLE TRUSTEE 1.00
Director
$0 $0 $0
GENINE MCCORMICK TRUSTEE 1.00
Director
$0 $0 $0
SUSAN L COHEN TRUSTEE 1.00
Director
$0 $0 $0
LAURIE DEJONG TRUSTEE 1.00
Director
$0 $0 $0
MARK V DENNIS TRUSTEE 1.00
Director
$0 $0 $0
DONALD DUET TRUSTEE 1.00
Director
$0 $0 $0
JEROME A PICKETT TRUSTEE 1.00
Director
$0 $0 $0
BROTHER SEAN SAMMON TRUSTEE (THRU 09/2022) 1.00
Director
$0 $0 $0
ALVIN PATRICK TRUSTEE 1.00
Director
$0 $0 $0
ROBERT SHANAHAN TRUSTEE 1.00
Director
$0 $0 $0
MAUREEN O'ROURKE TRUSTEE 1.00
Director
$0 $0 $0
GREG GARTLAND TRUSTEE 1.00
Director
$0 $0 $0
JAMES M BARNES TRUSTEE 1.00
Director
$0 $0 $0
EILEEN ALTOBELLI TRUSTEE (THRU 06/2023) 1.00
Director
$0 $0 $0
DONNA DILLENBERGER TRUSTEE 1.00
Director
$0 $0 $0
DIRK MCMAHON TRUSTEE 1.00
Director
$0 $0 $0
KRISTIN NOTO TRUSTEE 1.00
Director
$0 $0 $0
ANTHONY LORELLO TRUSTEE (AS OF 06/2023) 1.00
Director
$0 $0 $0
GEOFFREY L BRACKETT EXECUTIVE VICE PRESIDENT 51.00
Officer
$433,479 $77,225 $510,704
THOMAS WERMUTH VP OF ACADEMIC AFFAIRS 50.00
Officer
$309,405 $50,041 $359,446
KEVIN WEINMAN PRESIDENT 50.00
Officer
$719,368 $187,482 $906,850
EMILY SALAND CHIEF OF STAFF/SECRETARY 50.00
Officer
$189,188 $63,060 $252,248
ELIZABETH VEASEY VP OF BUSINESS AFFAIRS/CFO 50.00
Officer
$296,289 $65,303 $361,592
CATHERINE KODAT PROV/DEAN OF FACULTY (AS OF 03/2023) 50.00
Officer
$0 $0 $0
SEAN P KAYLOR VP OF ADMISSIONS & ENROLLMENT 50.00
Key Emp
$314,671 $77,310 $391,981
MICHAEL CAPUTO VP OF INFORMATION TECHNOLOGY/CIO 50.00
Key Emp
$326,005 $50,603 $376,608
CHRISTOPHER DELGIORNO VP OF COLLEGE ADVANCEMENT 50.00
Key Emp
$266,968 $68,834 $335,802
DEBORAH DICAPRIO VP/DEAN OF STUDENT AFFAIRS 50.00
Key Emp
$245,440 $57,258 $302,698
JOHN RITSCHDORFF ASSOCIATE VP OF ACADEMIC AFFAIRS 50.00
Key Emp
$209,012 $52,963 $261,975
JUSTIN BUTWELL DIRECTOR OF PHYSICAL PLANT 51.00
Key Emp
$208,239 $52,048 $260,287
CHRISTINA DANIELE VP OF HUMAN RESOURCES 50.00
Key Emp
$173,903 $59,067 $232,970
LEE MIRINGOFF DIRECTOR OF MIPO 50.00
Highest
$310,395 $63,178 $373,573
JOHN DUNNE HEAD COACH, MEN'S BASKETBALL 50.00
Highest
$360,667 $36,226 $396,893
ROGER NORTON DEAN, COMPUTER SCIENCE & MATH 50.00
Highest
$262,504 $59,319 $321,823
ALICIA SLATER DEAN, SCHOOL OF SCIENCE 50.00
Highest
$250,935 $62,946 $313,881
BRIAN GIORGIS HEAD COACH, WOMEN'S BASKETBALL 50.00
Highest
$259,663 $37,680 $297,343
DENNIS J MURRAY PRESIDENT EMERITUS 40.00
$989,908 $237,645 $1,227,553
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 $333,001,492 $318,255,078 $1,014,810,614 $14,746,414
2022 $326,924,442 $299,264,350 $963,437,518 $27,660,092
2021 $319,351,046 $272,543,859 $944,369,086 $46,807,187
2020 $308,615,908 $281,437,399 $805,930,849 $27,178,509
2019 $304,626,300 $274,868,791 $792,027,555 $29,757,509
2018 $291,506,930 $258,781,040 $742,916,221 $32,725,890
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