COLGATE UNIVERSITY

EIN: 150532078 501(c)(3) Education

HAMILTON, NY

Total Revenue
$490,649,347
Total Expenses
$354,157,987
Total Assets
$2,305,580,517
Net Assets
$1,820,995,193
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Financial Trends

Organization Details

Formation Year
1819
Legal Domicile
NY
Principal Officer
BRIAN W CASEY
Phone
3152287422
Tax Period
2024-07-01 to 2025-06-30

COLGATE UNIVERSITY, founded in 1819, is a major nonprofit in the Education sector that reported $490.6M in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. The organization ran a surplus of $136.5M, a strong 28% operating margin.

Mission

FIRST CLASS OR CHARTER TRAVEL: PRESIDENT CASEY WAS PERMITTED TO FLY FIRST CLASS OR CHARTER DURING THE FISCAL YEAR ON BUSINESS TRIPS. FIRST-CLASS TRAVEL ON BUSINESS TRIPS WAS NOT TREATED AS TAXABLE COMPENSATION, AND WAS NOT INCLUDED IN HIS W-2. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: HOUSING ALLOWANCES ARE GRANTED ONLY WHEN IT IS SPECIFICALLY STATED IN AN EMPLOYMENT CONTRACT. SUCH ALLOWANCES ARE APPROVED AS PART OF THE EMPLOYEE'S COMPENSATION PACKAGE. PRESIDENT CASEY, VICE PRESIDENT CLAUSS, DEAN MCLOUGHLIN, AND DEAN CUSHING WERE REQUIRED TO LIVE ON CAMPUS AS A CONDITION OF THEIR EMPLOYMENT AND FOR THE CONVENIENCE OF COLGATE, THEREFORE THEIR HOUSING AMOUNTS WERE NOT TAXABLE AND NOT INCLUDED IN THEIR W-2. THE NONTAXABLE HOUSING ALLOWANCE AMOUNTS ARE REPORTED ON SCHEDULE J, PART II, COLUMN (D) AS NONTAXABLE BENEFITS. KIMBERLY HARRIS ALSO RECEIVED A HOUSING ALLOWANCE FOR PERSONAL USE. THIS AMOUNT WAS TREATED AS TAXABLE COMPENSATION TO HER, AS IT WAS NOT A CONDITION OF HER EMPLOYMENT. THE TAXABLE HOUSING AMOUNT WAS REPORTED ON SCHEDULE J, PART II, COLUMN (B)(III). HEALTH OR SOCIAL CLUB DUES: JOSEPH HOPE AND KARL CLAUSS WERE PROVIDED WITH A CLUB MEMBERSHIP. THE MEMBERSHIP WAS TREATED AS TAXABLE COMPENSATION AND INCLUDED IN THEIR W-2. PERSONAL SERVICES: PRESIDENT CASEY RECEIVES CERTAIN PERSONAL SERVICES PROVIDED AT HIS CAMPUS RESIDENCE. SUCH SERVICES WERE STIPULATED IN THEIR EMPLOYMENT CONTRACT. THE BENEFIT IS INCLUDED IN THE INDIVIDUAL'S FORM W-2, WHERE APPROPRIATE.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $122,932,260
Program Service Revenue $278,500,886
Investment Income $87,847,850
Other Revenue $1,368,351
TOTAL REVENUE $490,649,347

Expense Breakdown

Grants Paid $92,384,204
Salaries & Benefits $149,187,654
Fundraising Expenses $12,736,317
Program Expenses $309,309,884
Other Expenses $112,586,129
TOTAL EXPENSES $354,157,987

Year-over-Year Comparison

2024 2023 Change
Revenue $490,649,347 $407,300,710 +0.2%
Expenses $354,157,987 $337,796,200 +0.0%
Net Income $136,491,360 $69,504,510 +1.0%
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
34
Independent Members
33
Employees
3336
Volunteers
2000

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
3
$2,544,679
Total Directors
34
$1,420,097
Key Employees
9
$3,510,820
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRIAN W CASEY PRESIDENT 60.00
Officer Director
$1,299,445 $120,652 $1,420,097
THOMAS S BOZZUTO JR CHAIR 10.00
Director
$0 $0 $0
CHRISTINE J CHAO VICE CHAIR 6.00
Director
$0 $0 $0
JOSEPH P MCGRATH JR VICE CHAIR 5.00
Director
$0 $0 $0
MICHELE ALEXANDRE TRUSTEE 3.00
Director
$0 $0 $0
ERIC ANDERSEN TRUSTEE 3.00
Director
$0 $0 $0
PATRICIA APELIAN AITKEN TRUSTEE 3.00
Director
$0 $0 $0
SUSIE BECKER GOULD TRUSTEE 3.00
Director
$0 $0 $0
DANIEL C BENTON TRUSTEE 3.00
Director
$0 $0 $0
MELISSA J COLEY TRUSTEE 4.00
Director
$0 $0 $0
JEAN-PIERRE CONTE TRUSTEE 3.00
Director
$0 $0 $0
CHAD COOLEY TRUSTEE 3.00
Director
$0 $0 $0
GIOVANNI CUTAIA TRUSTEE 4.00
Director
$0 $0 $0
UDAYAN DAS ROY TRUSTEE 3.00
Director
$0 $0 $0
TERESA DELGADO TRUSTEE 5.00
Director
$0 $0 $0
CARMINE DISIBIO TRUSTEE 4.00
Director
$0 $0 $0
THERESA DONAHUE EGLER TRUSTEE 5.00
Director
$0 $0 $0
JULIAN W FARRIOR III TRUSTEE 5.00
Director
$0 $0 $0
YVONNE M GYIMAH TRUSTEE 3.00
Director
$0 $0 $0
KIMBERLY HUFFARD TRUSTEE 5.00
Director
$0 $0 $0
BECKY B HURLEY TRUSTEE 4.00
Director
$0 $0 $0
CHRISTIAN B JOHNSON TRUSTEE 3.00
Director
$0 $0 $0
DENNISTON M REID TRUSTEE 3.00
Director
$0 $0 $0
TAL-EE ROBERTS TRUSTEE 3.00
Director
$0 $0 $0
GABRIEL SCHWARTZ TRUSTEE 3.00
Director
$0 $0 $0
LESLIE SEIDMAN TRUSTEE 3.00
Director
$0 $0 $0
CLARISSA V SHAH TRUSTEE 4.00
Director
$0 $0 $0
JEFFREY W SHARP TRUSTEE 3.00
Director
$0 $0 $0
GARFIELD SMITH TRUSTEE 3.00
Director
$0 $0 $0
ANDREW W SWEET TRUSTEE 4.00
Director
$0 $0 $0
THOMAS B TYREE JR TRUSTEE 3.00
Director
$0 $0 $0
AMY VULLO MACMILLAN TRUSTEE 3.00
Director
$0 $0 $0
CARLTON W WALKER TRUSTEE 3.00
Director
$0 $0 $0
NOAH WINTROUB TRUSTEE 3.00
Director
$0 $0 $0
JOSEPH S HOPE SR. VP-FIN, CIO, TREASURER 50.00
Officer
$904,411 $51,091 $955,502
ANGELA CARRIZOSA APARICIO SECRETARY 50.00
Officer
$145,590 $23,490 $169,080
LESLEIGH CUSHING PROVOST & DEAN OF THE FACULTY 50.00
Key Emp
$415,215 $110,952 $526,167
KARL CLAUSS VP FOR ADVANCEMENT (THRU 2/28/25) 50.00
Key Emp
$418,793 $74,014 $492,807
PAUL MCLOUGHLIN VP & DEAN OF THE COLLEGE 50.00
Key Emp
$360,442 $96,443 $456,885
YARIV AMIR VP & ATHLETIC DIRECTOR 50.00
Key Emp
$380,702 $40,166 $420,868
CHRISTOPHER WELLS VICE PRESIDENT ADMINISTRATION 50.00
Key Emp
$336,547 $61,304 $397,851
L HAZEL JACK VP, CHIEF OF STAFF 50.00
Key Emp
$336,203 $51,254 $387,457
GARY ROSS VP & DEAN OF ADMISSIONS 50.00
Key Emp
$258,634 $45,225 $303,859
RENEE MADISON VP FOR EQUITY & INCLUSION 50.00
Key Emp
$239,689 $43,101 $282,790
DANIEL DEVRIES VP OF COMMUNICATIONS 50.00
Key Emp
$224,483 $17,653 $242,136
MATTHEW LANGEL HEAD COACH MENS BASKETBALL 50.00
Highest
$773,088 $49,366 $822,454
KIMBERLY HARRIS SENIOR AVP, ADV & CAMPAIGN DIRECTOR 50.00
Highest
$341,649 $64,994 $406,643
GANIYAT ADEDUNTAN HEAD COACH WOMENS BASKETBALL 50.00
Highest
$299,640 $37,098 $336,738
DANIEL PARTIGIANONI SR. AVP FOR FIN/ADMIN 50.00
Highest
$229,172 $101,134 $330,306
MICHAEL HARDER HEAD COACH MENS ICE HOCKEY 50.00
Highest
$287,636 $41,500 $329,136
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 $490,649,347 $354,157,987 $2,305,580,517 $136,491,360
2024 No data No data No data No data
2023 $350,003,915 $322,510,679 $2,054,890,955 $27,493,236
2022 $411,729,686 $306,052,582 $1,947,674,649 $105,677,104
2021 $378,114,548 $273,568,957 $1,984,946,016 $104,545,591
2020 $307,542,955 $271,798,207 $1,634,406,536 $35,744,748
2019 $340,740,479 $278,168,182 $1,617,539,810 $62,572,297
2018 $314,987,362 $263,670,572 $1,566,369,868 $51,316,790
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