Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on the latest valid filing.
Rensselaer Hartford Graduate Center Inc
EIN 06-0766747 • 501(c)3 • Troy, NY
Profile
Rensselaer hartford graduate center, inc. Exists to meet the lifelong learning needs of the experienced professionals. We are committed to anticipating and responding to changing individual and organizational needs with high quality programs.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
No value available
Liabilities / Revenue
10th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
85th percentile
Higher net margin than 85% of similar nonprofits.
Top Officer Pay
99th percentile
Higher top officer pay than 99% of similar nonprofits.
Top officer pay equals 29.9% of source-year revenue.
Asset Growth
2nd percentile
Faster asset growth than 2% of similar nonprofits.
Revenue Growth
96th percentile
Faster revenue growth than 96% of similar nonprofits.
Balance Sheet
Assets
Down$0
Down $4,592,441 (-100%) from 2023
Liabilities
Down$0
Down $3,060,688 (-100%) from 2023
Net Assets
Down$0
Down $1,531,753 (-100%) from 2023
Revenue
Up$8,275,531
Up $5,912,295 (+250%) from 2023
Expenses
Up$4,938,042
Up $493,705 (+11%) from 2023
Net Income
Up$3,337,489
Up $5,418,590 (+260%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $0
- Liabilities
- $0
- Net assets
- $0
- Revenue
- $8,275,531
- Expenses
- $4,938,042
- Net income
- $3,337,489
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2023 to Jun 30, 2024
- Signed
- May 15, 2025
- Return Version
- 2023v6.0
- Gross Receipts
- $9,544,386
Mission and Program Overview
Mission
Rensselaer hartford graduate center, inc. Exists to meet the lifelong learning needs of the experienced professionals. We are committed to anticipating and responding to changing individual and organizational needs with high quality programs.
Rensselaer Hartford Graduate Center Inc exists to meet the lifelong learning needs of the experienced professional. We are committed to anticipating and responding to changing individual and organizational needs with high quality programs.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments in Publicly Traded Securities | $3,468,439 | $0 | ▼ $3,468,439 |
| Land, Buildings, and Equipment, Net | $1,124,002 | $0 | ▼ $1,124,002 |
| Receivable From Disqualified Prsn | $0 | $0 | → $0 |
| Receivables From Officers Etc | $0 | $0 | → $0 |
| Investments Other Securities | $0 | - | - |
| Investments Program Related | $0 | - | - |
| Loans From Officers Directors | $0 | $0 | → $0 |
| Total Assets | $4,592,441 | $0 | ▼ $4,592,441 |
| Other Assets Total | $0 | $0 | → $0 |
| Liabilities | |||
| Other Liabilities | $2,067,854 | $0 | ▼ $2,067,854 |
| Accounts Payable and Accrued Expenses | $992,834 | $0 | ▼ $992,834 |
| Total Liabilities | $3,060,688 | $0 | ▼ $3,060,688 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $1,502,629 | - | - |
| Net Assets With Donor Restrictions | $29,124 | - | - |
| Total Net Assets Fund Balance | $1,531,753 | $0 | ▼ $1,531,753 |
| Total Liabilities and Net Assets / Fund Balance | $4,592,441 | $0 | ▼ $4,592,441 |
Endowment Activity
| Period | Beginning | Contrib. | Gain/Loss | Other Uses | End |
|---|---|---|---|---|---|
| 2023 | $3,468,439 | $4,008 | ▼ $1,176,205 | $2,296,242 | $0 |
| 2022 | $3,281,791 | $4,008 | ▲ $339,778 | $157,138 | $3,468,439 |
| 2021 | $4,149,433 | $4,008 | ▼ $726,006 | $145,644 | $3,281,791 |
| 2020 | $2,903,947 | $4,008 | ▲ $1,386,208 | $144,730 | $4,149,433 |
| 2019 | $3,006,476 | $4,008 | ▲ $37,055 | $143,592 | $2,903,947 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Aric Krause | Dean, Academic & Administrative Affairs | FT | $315,812 | $37,914 | $353,726 |
| Michael Hughes | Sr. Lecturer | FT | $122,874 | $16,580 | $139,454 |
| Bonnie Blumer | Director, Marketing and Partnerships | FT | $118,732 | $19,959 | $138,691 |
| Christopher Tong | Professor of Practice | FT | $109,316 | $26,816 | $136,132 |
| Ernesto Gutierrez-Miravete | Professor of Practice | FT | $109,013 | $26,585 | $135,598 |
Board Members and Trustees
| Name | Title |
|---|---|
| Shirley Ann Jackson | Former President |
| Martin Schmidt | President |
| Curtis Powell | Former Trustee |
| Prabhat Hajela | Former Trustee |
| Ernest Katzwinkel | Officer |
| Craig Cook | Secretary |
| Eileen McLoughlin | Treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $4,008
- Program Service Revenue
- $3,706,845
- Investment Income
- $4,504,678
- Other Revenue
- $60,000
- All Other Contributions
- $4,008
- Change in Net Assets
- $3,337,489
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $3,463,624 |
| Other Expenses | $902,202 |
| Grants and Similar Amounts Paid | $572,216 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $2,319,728 | $2,096 | - | $2,321,824 |
| Other Employee Benefits | $810,424 | $6,573 | - | $816,997 |
| Grants to Domestic Individuals | $572,216 | - | - | $572,216 |
| Advertising | $357,076 | - | - | $357,076 |
| Current Officers, Directors, Trustees, and Key Employees | $324,803 | - | - | $324,803 |
| Occupancy | $116,190 | $7,861 | - | $124,051 |
| Fees for Services Other | $115,872 | $7,247 | $0 | $123,119 |
| Information Technology | $107,819 | - | - | $107,819 |
| Travel | $91,151 | - | - | $91,151 |
| Office Expenses | $31,166 | $101 | - | $31,267 |
| Depreciation Depletion | $23,182 | $1,571 | - | $24,753 |
| Conferences and Meetings | $6,370 | - | - | $6,370 |
| Other Expenses | $2,141 | $23 | - | $2,164 |
| Total Functional Expenses | $4,912,570 | $25,472 | $0 | $4,938,042 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
Insider Transactions and Loans
Loans and Receivables
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Loans from Officers, Directors, Trustees, and Key Employees | $0 | $0 | → $0 |
| Receivables from Disqualified Persons | $0 | $0 | → $0 |
| Receivables from Officers, Directors, Trustees, and Key Employees | $0 | $0 | → $0 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- Yes
- Audit committee
- Yes
- Business relationship with 35% controlled entity
- No
- Business relationship with family members
- No
- Business relationship with organization members
- No
- Material changes to governing documents
- No
- Compensation from other sources disclosed
- No
- CEO compensation reviewed
- Yes
- Other officer compensation reviewed
- Yes
- Conflict-of-interest policy
- Yes
- Audited financial statements prepared
- Yes
- Key decisions subject to board approval
- No
- Management duties delegated
- No
Governance Explanations
Form 990, Part VI, Line 11B Review of form 990 by governing body
“The return is reviewed by the Board of Trustees. The final return is distributed to the Board of Trustees prior to filing.”
Form 990, Part VI, Line 12C Conflict of interest policy
“Rensselaer Hartford Graduate Center conducts an annual survey of all faculty and staff to elicit any conflict of interest and commitments. Once the survey is completed, a review of potential conflicts of interest and commitments are reviewed by an institute-wide committee. If a conflict of interest or commitment is determined, the conflicts of interest or commitment is either managed or eliminated.”
Form 990, Part VI, Line 15A Process to establish compensation of top management official
“Dean of Academic and Administrative Affairs, Aric Krause, functions as the Chief Operating Officer of RHGC. All officers are paid through Rensselaer Polytechnic Institute (RPI). RPI uses the following to establish the compensation of CEO/executive directors, officers, and key employees: Compensation committee, independent compensation consultant, Form 990 of other organizations, compensation survey or study, and approval by the Board of Compensation Committee. This is done annually and was last done in 2024.”
Form 990, Part VI, Line 19 Required documents available to the public
“The conflict of interest policy is made available via the website. The organization makes its governing documents and financial statements available to the public upon request.”
Form 990, Part VII, Section A
“The individuals listed in Part VII, Section A are paid by Rensselaer Polytechnic Institute (RPI) in connection with their services to RPI and Rensselaer Hartford Graduate Center (RHG). They are not directly paid by RHG.”
Filing and Contact Details
Filer
- Filer Name
- Rensselaer Hartford Graduate Center Inc
- EIN
- 06-0766747
- Phone
- 8605482400
- Address
- 110 8th Street, Troy, NY 12180
Signing Officer
- Name
- Eileen Mcloughlin
- Title
- Treasurer
- Phone
- 8605482400
- Signed
- 2025-05-15
Organization Details
- Formed
- 1955
- Legal Domicile
- Ct
- Voting Board Members
- 5
- Independent Board Members
- 0
- Employees
- 29
- Volunteers
- 0
Supplemental Narrative
Additional Explanations
Form 990, Part III, Line 3 Significant changes in program services
“During fiscal year 2024, the campus in Hartford, CT, which housed the Hartford Graduate Center programs, was closed and the property was sold. Rensselaer@Work online graduate and certificate programs still exist but are not offered at Rensselaer Polytechnic Institute's main campus. In July 2024, the Rensselaer Hartford Graduate Center, Inc. entity was dissolved.”
Form 990, Part XI, Line 9 Other changes in net assets or fund balances
“Minimum Pension Liability - -7333; Transfer to Rensselaer Polytechnic Institute - -3520707;”
Financial Statement Notes
Schedule D, Part V, Line 4 Intended uses of endowment funds
“Income earned on the organization's endowment provides support to the programs and initiatives of the institution.”
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| IRS990/Desc | 0 | Graduate Programs: Rensselaer Hartford is accredited by the Middle State Association of Colleges and Schools, by the Board of Governors for Higher Education of the State of Connecticut, and a number of professional and academic societies. Rensselaer's Lally School of Management and Technology is an accredited member of AACSB International, the Association to Advance Collegiate Schools of Business International. In fiscal year 2024, approximately 3 graduate programs were offered. The number of students and credit hours for FY24 are as follows: Fall - 131 students; 573 Credits Spring- 150 students; 735 Credits |
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| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | Treasurer |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | President |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | Dean, Academic & Administrative Affairs |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | Officer |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | Director, Marketing and Partnerships |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | Professor of Practice |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | Professor of Practice |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | Sr. Lecturer |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | Former Trustee |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | Former Trustee |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | Former President |
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| IRS990/MissionDesc | 0 | Rensselaer Hartford Graduate Center Inc exists to meet the lifelong learning needs of the experienced professional. We are committed to anticipating and responding to changing individual and organizational needs with high quality programs. |
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