THE COLGATE UNIVERSITY ALUMNI CORPORATION

EIN: 150532083 501(c)(3) Education

HAMILTON, NY

Total Revenue
$83,933
Total Expenses
$114,395
Total Assets
$172,455
Net Assets
$170,307
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1919
Legal Domicile
NY
Principal Officer
JILLIAN COLE
Phone
3152287433
Tax Period
2023-07-01 to 2024-06-30

THE COLGATE UNIVERSITY ALUMNI CORPORATION, founded in 1919, is a micro nonprofit in the Education sector that reported $84K in total revenue in fiscal year 2023. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $114K exceeded revenue, resulting in a 36% operating deficit.

Mission

THE PRIMARY MISSION OF THE COLGATE UNIVERSITY ALUMNI CORPORATION, AS STATED ON THEIR WEBSITE, IS TO "PROMOTE ENDURING ALUMNI ENGAGEMENT AND SERVICE THAT SUPPORTS AND ADVANCES COLGATE UNIVERSITY AND ITS GLOBAL COMMUNITY".

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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 (2023)

Revenue Breakdown

Contributions & Grants $57,172
Program Service Revenue $7,976
Investment Income $18,785
Other Revenue $0
TOTAL REVENUE $83,933

Expense Breakdown

Grants Paid $0
Salaries & Benefits $31,458
Fundraising Expenses $0
Program Expenses $103,385
Other Expenses $82,937
TOTAL EXPENSES $114,395

Year-over-Year Comparison

2023 2022 Change
Revenue $83,933 $122,839 -0.3%
Expenses $114,395 $123,598 -0.1%
Net Income $-30,462 $-759 +39.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
57
Independent Members
56
Employees
N/A
Volunteers
4777

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
$284,253
Total Directors
58
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT E ABERLIN DIRECTOR 1.00
Director
$0 $0 $0
JOHANNA R AMES DIRECTOR 1.00
Director
$0 $0 $0
PATRICIA E APELIAN AITKEN DIRECTOR/ALUMNI TRUSTEE 3.00
Director
$0 $0 $0
LAWRENCE G ARNOLD DIRECTOR (THRU 6/30/24) 1.00
Director
$0 $0 $0
THOMAS A BAKER DIRECTOR 1.00
Director
$0 $0 $0
BROOKE S BECK DIRECTOR (THRU 6/30/24) 1.00
Director
$0 $0 $0
CHRISTIE E BONILLA DIRECTOR 1.00
Director
$0 $0 $0
KEITH L BROOKS DIRECTOR 1.00
Director
$0 $0 $0
JULIE BROWN ACKERMAN DIRECTOR 1.00
Director
$0 $0 $0
BECKY BYE LEGAL COUNSEL (AS OF 7/1/23) 5.00
Officer Director
$0 $0 $0
THOMAS R CAMPBELL DIRECTOR 1.00
Director
$0 $0 $0
PAUL B CARBERRY JR DIRECTOR (AS OF 7/12/23) 1.00
Director
$0 $0 $0
LAUREN CASELLA DIRECTOR 1.00
Director
$0 $0 $0
SARAH L CAVE DIRECTOR 1.00
Director
$0 $0 $0
MELISSA J COLEY DIRECTOR/LIFE MEMBER/ALUMNI TRUSTEE 3.00
Director
$0 $0 $0
CHAD E COOLEY DIRECTOR/ALUMNI TRUSTEE 1.00
Director
$0 $0 $0
MEEANN K DINGMAN DIRECTOR (AS OF 7/1/23) 1.00
Director
$0 $0 $0
THERESA D EGLER DIRECTOR/LIFE MEMBER/ALUMNI TRUSTEE 3.00
Director
$0 $0 $0
JEFFREY S EMBREE DIRECTOR (AS OF 7/1/23) 1.00
Director
$0 $0 $0
ALLAN L FLOWERS DIRECTOR 1.00
Director
$0 $0 $0
CHARLES S FOX DIRECTOR 1.00
Director
$0 $0 $0
ALVIN GLYMPH DIRECTOR 1.00
Director
$0 $0 $0
DENNY GONZALEZ DIRECTOR 1.00
Director
$0 $0 $0
SUSAN L BECKER GOULD DIRECTOR/ALUMNI TRUSTEE/LIFE MEMBER 3.00
Director
$0 $0 $0
LAURI C HADOBAS PRESIDENT (AS OF 7/1/23) 5.00
Officer Director
$0 $0 $0
ELIZABETH A HARTMAN DIRECTOR 1.00
Director
$0 $0 $0
FRANCIS J HEARN JR DIRECTOR 1.00
Director
$0 $0 $0
SUSAN HORWITZ DIRECTOR (THRU 6/30/24) 1.00
Director
$0 $0 $0
CHRISTIAN B JOHNSON DIRECTOR/ALUMNI TRUSTEE 3.00
Director
$0 $0 $0
MARI C P JONES DIRECTOR 1.00
Director
$0 $0 $0
JANIE S KASS DIRECTOR (AS OF 7/1/23) 1.00
Director
$0 $0 $0
ERIN L KIRITSY DIRECTOR (THRU 6/30/24) 1.00
Director
$0 $0 $0
SONYA LEE-CHUNG DIRECTOR (THRU 4/18/24) 1.00
Director
$0 $0 $0
JOSEPH A LEO VICE PRESIDENT (AS OF 7/1/23) 5.00
Officer Director
$0 $0 $0
REED S LEWIS DIRECTOR 1.00
Director
$0 $0 $0
TINOFARA O MAJONI DIRECTOR 1.00
Director
$0 $0 $0
RODNEY A MASON JR DIRECTOR 1.00
Director
$0 $0 $0
TIFFANY C MCLAUD DIRECTOR (AS OF 7/1/23) 1.00
Director
$0 $0 $0
STEPHEN C MEHOS DIRECTOR (AS OF 7/1/23) 1.00
Director
$0 $0 $0
MICHAEL D MILONE DIRECTOR 1.00
Director
$0 $0 $0
AMR NOSSEIR DIRECTOR (AS OF 7/1/23) 1.00
Director
$0 $0 $0
CHRISTOPHER L NULTY DIRECTOR (THRU 6/30/24) 1.00
Director
$0 $0 $0
MARGARET J PALLADINO DIRECTOR (AS OF 7/1/23) 1.00
Director
$0 $0 $0
JEAN-PIERRE PAQUIN TREASURER (AS OF 7/1/23) 5.00
Officer Director
$0 $0 $0
CHARLES A PAREKH DIRECTOR 1.00
Director
$0 $0 $0
DENNISTON M REID JR DIR/ALUMNI TRUSTEE (THRU 6/30/24) 3.00
Director
$0 $0 $0
ALLYSON E RIEMMA DIRECTOR (THRU 6/30/24) 1.00
Director
$0 $0 $0
DENA E ROBINSON DIRECTOR 1.00
Director
$0 $0 $0
CAROLE H ROBINSON DIRECTOR 1.00
Director
$0 $0 $0
SETH A SCHAEFFER DIRECTOR (AS OF 7/12/23) 1.00
Director
$0 $0 $0
PER A SEKSE DIRECTOR 1.00
Director
$0 $0 $0
JAMES C SILAS DIRECTOR (THRU 6/30/24) 1.00
Director
$0 $0 $0
JAMES A SPEIGHT IV DEI OFFICER (THRU 6/30/24) 5.00
Officer Director
$0 $0 $0
JEFFREY T VEBER DIRECTOR 1.00
Director
$0 $0 $0
MARVIN K VILMA DIRECTOR (AS OF 7/1/23) 1.00
Director
$0 $0 $0
ERIC S VON STROH DIRECTOR (AS OF 6/18/24) 1.00
Director
$0 $0 $0
KURT L WRIGHT DIRECTOR 1.00
Director
$0 $0 $0
KEVIN A ZIMMERMAN DIRECTOR 1.00
Director
$0 $0 $0
JILLIAN R COLE EXECUTIVE SECRETARY (AS OF 10/14/23) 6.00
Officer
$0 $16,960 $115,490
JENNIFER L STONE EXECUTIVE SECRETARY (THRU 10/14/23) 6.00
Officer
$0 $22,785 $168,763
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 $83,933 $114,395 $172,455 $-30,462
2023 $122,839 $123,598 $200,769 $-759
2022 $74,823 $98,787 $217,406 $-23,964
2021 $112,729 $87,390 $225,492 $25,339
2020 $116,824 $169,754 $216,319 $-52,930
2019 $-6,714 $119,010 $253,236 $-125,724
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