Liabilities / Assets
57th percentile
Higher debt load relative to assets than 57% of similar nonprofits.
EIN 13-1967321 • 501(c)3 • Dobbs Ferry, NY
Profile
Mercy college is committed to providing motivated students the opportunity to transform their lives through higher education by offering liberal arts and professional programs in personalized and high quality learning environments, thus preparing (see schedule o) students to embark on rewarding careers, to continue learning throughout their lives and to act ethically and responsibly in a changing world.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
57th percentile
Higher debt load relative to assets than 57% of similar nonprofits.
Liabilities / Revenue
79th percentile
Higher debt load relative to revenue than 79% of similar nonprofits.
Net Margin
26th percentile
Higher net margin than 26% of similar nonprofits.
Top Officer Pay
34th percentile
Higher top officer pay than 34% of similar nonprofits.
Top officer pay equals 0.3% of source-year revenue.
Asset Growth
59th percentile
Faster asset growth than 59% of similar nonprofits.
Revenue Growth
22nd percentile
Faster revenue growth than 22% of similar nonprofits.
Assets
Up$696,385,098
Up $51,407,464 (+8.0%) from 2023
Liabilities
Up$250,955,625
Up $35,278,956 (+16%) from 2023
Net Assets
Up$445,429,473
Up $16,128,508 (+3.8%) from 2023
Revenue
Up$202,668,228
Up $350,175 (+0.2%) from 2023
Expenses
Up$205,782,061
Up $9,932,913 (+5.1%) from 2023
Net Income
Down-$3,113,833
Down $9,582,738 (-148%) from 2023
Most recent year
2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
Mercy college is committed to providing motivated students the opportunity to transform their lives through higher education by offering liberal arts and professional programs in personalized and high quality learning environments, thus preparing (see schedule o) students to embark on rewarding careers, to continue learning throughout their lives and to act ethically and responsibly in a changing world.
Educate students in liberal arts, sciences, business, education and professional programs.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments in Publicly Traded Securities | $208,524,439 | $213,145,370 | ▲ $4,620,931 |
| Investments Other Securities | $109,010,261 | $116,784,307 | ▲ $7,774,046 |
| Land, Buildings, and Equipment, Net | $108,001,996 | $105,680,944 | ▼ $2,321,052 |
| Cash and Non-Interest-Bearing Accounts | $33,653,372 | $43,143,780 | ▲ $9,490,408 |
| Accounts Receivable | $15,318,880 | $17,526,042 | ▲ $2,207,162 |
| Savings and Temporary Cash Investments | $17,934,220 | $16,231,355 | ▼ $1,702,865 |
| Pledges and Grants Receivable | $7,635,843 | $4,126,083 | ▼ $3,509,760 |
| Prepaid Expenses and Deferred Charges | $1,269,120 | $1,110,472 | ▼ $158,648 |
| Other Notes and Loans Receivable, Net | $320,834 | $320,852 | ▲ $18 |
| Total Assets | $644,977,634 | $696,385,098 | ▲ $51,407,464 |
| Other Assets Total | $143,308,669 | $178,315,893 | ▲ $35,007,224 |
| Liabilities | |||
| Other Liabilities | $155,358,825 | $191,250,800 | ▲ $35,891,975 |
| Tax Exempt Bond Liabilities | $47,101,031 | $45,901,989 | ▼ $1,199,042 |
| Accounts Payable and Accrued Expenses | $7,990,540 | $8,653,916 | ▲ $663,376 |
| Deferred Revenue | $5,226,273 | $5,148,920 | ▼ $77,353 |
| Total Liabilities | $215,676,669 | $250,955,625 | ▲ $35,278,956 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $407,942,829 | $423,085,791 | ▲ $15,142,962 |
| Net Assets With Donor Restrictions | $21,358,136 | $22,343,682 | ▲ $985,546 |
| Total Net Assets Fund Balance | $429,300,965 | $445,429,473 | ▲ $16,128,508 |
| Total Liabilities and Net Assets / Fund Balance | $644,977,634 | $696,385,098 | ▲ $51,407,464 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $78,478,200 | $54,329,321 | $132,807,521 |
| Leasehold Improvements | $11,428,263 | $24,970,473 | $36,398,736 |
| Equipment | $3,034,058 | $28,610,075 | $31,644,133 |
| Other Land Buildings | $6,219,862 | $3,553,847 | $9,773,709 |
| Land | $6,520,561 | - | $6,520,561 |
| Other Assets Org | $15,270 | - | - |
| Other Securities | $116,784,307 | - | - |
| Period | Beginning | Contrib. | Gain/Loss | Other Uses | End |
|---|---|---|---|---|---|
| 2023 | $325,791,538 | $95,137 | ▲ $26,424,697 | - | $336,521,742 |
| 2022 | $295,698,647 | $658,535 | ▲ $31,329,512 | - | $325,791,538 |
| 2021 | $321,745,463 | $6,190,017 | ▼ $23,110,333 | - | $295,698,647 |
| 2020 | $249,360,142 | $703,397 | ▲ $72,820,500 | - | $321,745,463 |
| 2019 | $255,751,263 | $129,352 | ▲ $1,436,677 | - | $249,360,142 |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Timothy L Hall | Former President (thru 06/2023) | FT | $326,946 | $262,370 | $589,316 |
| Eva Fernandez | Provost | FT | $323,015 | $93,753 | $416,768 |
| Susan Parish | President (as of 07/2023) | FT | $280,500 | $125,335 | $405,835 |
| Thomas Simmonds | VP Operations & Facilities | FT | $270,768 | $109,446 | $380,214 |
| Brett Carroll | Chief Financial Officer | FT | $297,279 | $77,689 | $374,968 |
| Adam J Castro | VP Admissions | FT | $268,583 | $84,999 | $353,582 |
| Camille Shelly | Chief Information Officer | FT | $236,507 | $110,794 | $347,301 |
| Jessica L Haber | Chief of Staff | FT | $219,315 | $113,179 | $332,494 |
| Lloyd Gibson | Dean School of Business | FT | $242,994 | $86,014 | $329,008 |
| Kristen Burke | General Counsel | FT | $221,209 | $101,866 | $323,075 |
| Bernadette Wade | Chief Advancement Officer | FT | $221,338 | $101,197 | $322,535 |
| Kevin Joyce | VP Student Affairs | FT | $237,528 | $80,614 | $318,142 |
| Scorpio K Rogers | VP, Community Relations & Gov | FT | $218,782 | $88,759 | $307,541 |
| Narda a Romero | Controller & Assistant Treasurer | FT | $204,977 | $50,918 | $255,895 |
| Peter H West | Interim Provost | FT | $194,550 | $57,924 | $252,474 |
| Joseph Gantz | Chairman | - | $27,930 | - | $27,930 |
| Michele a Quirolo | Trustee | - | $23,400 | - | $23,400 |
| Carlos S Passi | Trustee | - | $10,600 | - | $10,600 |
| SARAH A O'CONNOR ESQ | Trustee | - | $3,600 | - | $3,600 |
| Name | Title |
|---|---|
| Cindy V Lopez | Vice Chairman |
| Alex Ferrari | Trustee |
| Bruce J Haber | Trustee |
| Christopher Sobecki | Trustee |
| David L Johnson | Trustee |
| Gary Bernstein | Trustee |
| Gregory H Williams | Trustee |
| James B Jenkins | Trustee |
| James M Mccormick | Trustee |
| John R Thompson | Trustee |
| Joseph P Carlucci Esq | Trustee |
| Marlene M Tutera | Trustee |
| Michael F Hayes | Trustee |
| Patricia Blackmar | Trustee |
| Robert H Niehaus | Trustee |
| Susan M Maklari | Trustee |
| Valerie Mason Cunningham | Trustee |
| Contractor | Services | Location | Compensation |
|---|---|---|---|
| Ellucian Company LP | Information Technology | 62590 COLLECTIONS CENTER DRIVE, Chicago, IL 60693 | $4,091,617 |
| Familiar Creatures LLC | Advertising | 2915 W LEIGH ST STE A, Richmond, VA 23230 | $350,632 |
| Presidio Networked Solutions Group LLC | Cloud Security Consultants | PO BOX 677638, Dallas, TX 75267-7638 | $285,703 |
| Ai Media Group LLC | Marketing | 1359 BROADWAY FL 3, New York, NY 10018 | $259,368 |
| Marks Paneth LLP | Accounting Services | 685 THIRD AVE, New York, NY 10017 | $221,600 |
| Contribution Type | Contribution Count | Reported Amount | Valuation Method |
|---|---|---|---|
| Securities Publicly Traded | 5 | $131,589 | Fair Market Value |
| Other Non Cash Contri Table | 54 | $16,228 | Cost |
| Other Non Cash Contri Table | 82 | $9,420 | Cost |
| Other Non Cash Contri Table | 1 | $8,000 | Cost |
| Total Noncash Contributions | 142 | $165,237 | - |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $92,997,163 |
| Other Expenses | $73,133,997 |
| Grants and Similar Amounts Paid | $39,650,901 |
| Total Fundraising Expense | $2,097,811 |
| Professional Fundraising Fees | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $59,582,829 | $9,324,116 | $848,543 | $69,755,488 |
| Grants to Domestic Individuals | $39,650,901 | - | - | $39,650,901 |
| Occupancy | $14,050,847 | $1,101,281 | $152,542 | $15,304,670 |
| Other Employee Benefits | $10,059,481 | $1,962,826 | $245,353 | $12,267,660 |
| Fees for Services Management | $5,860,841 | $5,501,557 | $77,874 | $11,440,272 |
| Depreciation Depletion | $9,310,122 | $708,379 | $101,197 | $10,119,698 |
| Information Technology | $2,521,398 | $2,499,010 | $9,764 | $5,030,172 |
| Payroll Taxes | $3,377,760 | $659,075 | $82,384 | $4,119,219 |
| Pension Plan Contributions | $3,250,024 | $634,151 | $79,269 | $3,963,444 |
| Advertising | - | $3,514,485 | $62,403 | $3,576,888 |
| Current Officers, Directors, Trustees, and Key Employees | - | $2,891,352 | - | $2,891,352 |
| Office Expenses | $1,634,483 | $1,066,235 | $76,779 | $2,777,497 |
| Fees for Services Other | $2,306,585 | $376,274 | $20,750 | $2,703,609 |
| Other Expenses | $17,406 | $2,407,750 | $27,002 | $2,425,156 |
| Interest | $1,829,254 | $139,269 | $19,884 | $1,988,407 |
| Conferences and Meetings | $1,180,275 | $347,859 | $186,503 | $1,714,637 |
| Travel | $985,806 | $604,900 | $13,007 | $1,603,713 |
| Fees for Service Investment Mgmnt Fees | - | $1,147,480 | - | $1,147,480 |
| Insurance | - | $1,130,720 | - | $1,130,720 |
| All Other Expenses | $698,871 | $70,673 | $752 | $770,296 |
| Fees for Services Accounting | - | $244,167 | - | $244,167 |
| Fees for Services Legal | - | $138,175 | - | $138,175 |
| Total Functional Expenses | $166,261,940 | $37,422,310 | $2,097,811 | $205,782,061 |
| Line Item | Amount |
|---|---|
| Total Expenses per Form 990 | $205,782,061 |
| Total Expenses per Audited Statements | $165,102,178 |
| Expenses per Audited Statements | $164,983,680 |
| Expenses Not Reported on Financial Statements | $40,798,381 |
| Other Expense Adjustments | $39,650,901 |
| Expenses Not Reported on Form 990 | $118,498 |
| Region | Activity | Services | Offices | Employees | Spending |
|---|---|---|---|---|---|
| Central America and the Caribbean | Investments | Investments | 0 | 0 | $65,274,756 |
| Europe (including Iceland & Greenland) | Investments | Investments | 0 | 0 | $1,267,773 |
| Line Item | Amount |
|---|---|
| Fundraising Gross Income | $280,730 |
| Fundraising Direct Expenses | $118,498 |
| Professional Fundraising Fees | $0 |
| Event | Gross Receipts | Gross Revenue | Direct Expenses | Net Income |
|---|---|---|---|---|
| Scholarship Dinner | $404,822 | $195,490 | $31,771 | $163,719 |
| Golf Classic | $66,767 | $66,462 | $5,055 | $61,407 |
| Total Events | $492,969 | $280,730 | $118,498 | $162,232 |
| Liability | Amount |
|---|---|
| Lease Right to Use Assets | $186,876,345 |
| Conditional Asset Retirement Obligation | $3,207,192 |
| Advances From Federal Government for Student Loans | $1,167,263 |
| Bond | Issuer | Issued | Issue Price | Purpose |
|---|---|---|---|---|
| C | Dobbs Ferry Local Development Corporation | 2014-07-31 | $16,035,000 | Infrastructure improvements |
| B | Dobbs Ferry Local Development Corporation | 2014-07-31 | $12,565,000 | Infrastructure improvements |
| A | Dobbs Ferry Local Development Corporation | 2014-07-31 | $8,255,000 | Infrastructure improvements |
| Bond | Total Proceeds | Spent | Retired | Issuance Costs |
|---|---|---|---|---|
| C | $16,035,000 | - | - | $262,647 |
| B | $12,565,000 | - | - | $205,810 |
| A | $8,255,000 | - | - | $135,214 |
“The university's form 990 is prepared in collaboration between a professional tax services firm and the university's financial department. It undergoes a thorough review by management before being presented to the audit committee and the board members for their approval. Once finalized, a copy of the completed form 990 is provided to all board members prior to its submission to the irs. Based on feedback provided by board trustees, the organization has redacted the name and address of individual donors from the copy of its schedule b (form 990) that it provided to its governing body members.”
“Annually, board of trustees, officers, and top management officials are required to sign the conflict of interest policy and disclose interests that could give rise to conflict.”
“When determining the compensation of the organization's president, the organization typically consults public information derived from the annual report issued by the chronicle of higher education and then sends to the board of trustees for approval. Recommendations are made to the compensation committee of the board of trustees to review and approve the salaries of the president's direct reports, including officers and key employees of the university.”
“Mercy university makes its governing documents (by-laws), conflict of interest policy, and financial statements available to the public upon request.”
“On june 13, 2023, the board of regents of the university of the state of new york, on behalf of the state education department, voted and granted mercy's application to amend its charter and change its name to mercy university effective august 22, 2023. No change in mission or purpose of operations accompanied the name change.”
“Loss from interest rate swaps -138,293.”
“Permanently restricted net assets are restricted to investment in perpetuity with investment return principally available for scholarships.”
“The university believes it has no uncertain tax positions as of june 30, 2024 and 2023 in accordance with accounting standards codification ("asc") topic 740, "income taxes," which provides standards for establishing and classifying any tax provisions for uncertain tax positions.”
“Scholarships -39,650,901. Gain(loss) on interest rate swaps -138,293.”
“Direct fundraising expenses -118,498.”
“Direct fundraising expenses 118,498.”
“SCHOLARSHIPS 39,650,901.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 7990540 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 8653916 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 15318880 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 17526042 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | EDUCATE STUDENTS IN LIBERAL ARTS, SCIENCES, BUSINESS, EDUCATION AND PROFESSIONAL PROGRAMS. |
| IRS990/AdvertisingGrp/FundraisingAmt | 0 | 62403 |
| IRS990/AdvertisingGrp/ManagementAndGeneralAmt | 0 | 3514485 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 3576888 |
| IRS990/AllOtherContributionsAmt | 0 | 1808969 |
| IRS990/AllOtherExpensesGrp/FundraisingAmt | 0 | 752 |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | 70673 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 698871 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 770296 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/AuditCommitteeInd | 0 | 1 |
| IRS990/BackupWthldComplianceInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | GENEVIEVE GULBRANDSEN CONTROLLER |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 9146717841 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 555 BROADWAY |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | DOBBS FERRY |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NY |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 10522 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | 0 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 33653372 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 43143780 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 73 |
| IRS990/CollectionsOfArtInd | 0 | 1 |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 2891352 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 2891352 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 1 |
| IRS990/CompensationProcessOtherInd | 0 | 1 |
| IRS990/ConferencesMeetingsGrp/FundraisingAmt | 0 | 186503 |
| IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt | 0 | 347859 |
| IRS990/ConferencesMeetingsGrp/ProgramServicesAmt | 0 | 1180275 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 1714637 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 0 | 4091617 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 1 | 350632 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 2 | 285703 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 3 | 259368 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 4 | 221600 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 0 | 62590 COLLECTIONS CENTER DRIVE |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 1 | 2915 W LEIGH ST STE A |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 2 | PO BOX 677638 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 3 | 1359 BROADWAY FL 3 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 4 | 685 THIRD AVE |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm | 0 | CHICAGO |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm | 1 | RICHMOND |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm | 2 | DALLAS |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm | 3 | NEW YORK |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm | 4 | NEW YORK |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 0 | IL |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 1 | VA |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 2 | TX |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 3 | NY |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 4 | NY |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd | 0 | 60693 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd | 1 | 23230 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd | 2 | 752677638 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd | 3 | 10018 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd | 4 | 10017 |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt | 0 | ELLUCIAN COMPANY LP |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt | 1 | FAMILIAR CREATURES LLC |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt | 2 | PRESIDIO NETWORKED SOLUTIONS GROUP LLC |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt | 3 | AI MEDIA GROUP LLC |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt | 4 | MARKS PANETH LLP |
| IRS990/ContractorCompensationGrp/ServicesDesc | 0 | INFORMATION TECHNOLOGY |
| IRS990/ContractorCompensationGrp/ServicesDesc | 1 | ADVERTISING |
| IRS990/ContractorCompensationGrp/ServicesDesc | 2 | CLOUD SECURITY CONSULTANTS |
| IRS990/ContractorCompensationGrp/ServicesDesc | 3 | MARKETING |
| IRS990/ContractorCompensationGrp/ServicesDesc | 4 | ACCOUNTING SERVICES |
| IRS990/ContriRptFundraisingEventAmt | 0 | 212239 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 14483591 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 39650901 |
| IRS990/CYInvestmentIncomeAmt | 0 | 9342058 |
| IRS990/CYOtherExpensesAmt | 0 | 73133997 |
| IRS990/CYOtherRevenueAmt | 0 | 1585102 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 177257477 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -3113833 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 92997163 |
| IRS990/CYTotalExpensesAmt | 0 | 205782061 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 2097811 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 202668228 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 1 |
| IRS990/DeferredRevenueGrp/BOYAmt | 0 | 5226273 |
| IRS990/DeferredRevenueGrp/EOYAmt | 0 | 5148920 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/DepreciationDepletionGrp/FundraisingAmt | 0 | 101197 |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 708379 |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 9310122 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 10119698 |
| IRS990/Desc | 0 | MERCY UNIVERSITY IS A PRIVATE, NON-SECTARIAN, NON-PROFIT INSTITUTION ACCREDITED BY THE MIDDLE STATES COMMISSION ON HIGHER EDUCATION. MERCY IS DRIVEN BY A STUDENT-CENTERED MISSION: TO CHANGE LIVES THROUGH THE POWER OF HIGHER EDUCATION. FOUNDED IN 1950 BY THE SISTERS OF MERCY, THE INSTITUTION HAS GROWN FROM A JUNIOR COLLEGE TO A FOUR-YEAR COLLEGE OFFERING OVER 100 UNDERGRADUATE AND GRADUATE DEGREE AND CERTIFICATE PROGRAMS ACROSS SIX SCHOOLS: BUSINESS, EDUCATION, HEALTH AND NATURAL SCIENCES, LIBERAL ARTS, NURSING AND SOCIAL AND BEHAVIORAL SCIENCES. IN 2023, MERCY RECEIVED APPROVAL FROM THE REGENTS OF THE UNIVERSITY OF THE STATE OF NEW YORK TO AMEND ITS CHARTER AND OFFICIALLY TRANSITIONED FROM MERCY COLLEGE TO MERCY UNIVERSITY. (SEE SCHEDULE O) SERVING NEARLY 9,000 STUDENTS ANNUALLY, MERCY IS KNOWN FOR ITS HIGH-QUALITY EDUCATION, PERSONALIZED STUDENT EXPERIENCE, TALENTED FACULTY AND AFFORDABILITY. STUDENTS STUDY AT THE WESTCHESTER CAMPUS OVERLOOKING THE HUDSON RIVER, AT NEW YORK CITY CAMPUSES IN THE BRONX'S HEALTH CARE CORRIDOR AND IN MANHATTAN'S HERALD SQUARE, AND ONLINE. THE UNIVERSITY ALSO SPONSORS INTERCOLLEGIATE ATHLETIC COMPETITIONS IN 10 VARSITY SPORTS AT THE NATIONAL COLLEGIATE ATHLETIC ASSOCIATION (NCAA) DIVISION II LEVEL. ITS STUDENT BODY REFLECTS THE RICH DIVERSITY OF THE NEW YORK METROPOLITAN AREA. MERCY IS A FEDERALLY DESIGNATED MINORITY-SERVING INSTITUTION AND THE LARGEST PRIVATE HISPANIC SERVING INSTITUTION (HSI) IN THE STATE OF NEW YORK. MERCY'S FACULTY INCLUDES FULBRIGHT SCHOLARS, PUBLISHED AUTHORS, AND RECOGNIZED PROFESSIONALS WHO INTEGRATE REAL-WORLD EXPERTISE WITH ACADEMIC INSTRUCTION. THEIR COMMITMENT TO EFFECTIVE TEACHING AND COMMUNITY SERVICE REFLECTS THE UNIVERSITY'S MISSION TO TRANSFORM LIVES THROUGH HIGHER EDUCATION. |
| IRS990/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 1 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/DonorRestrictionNetAssetsGrp/BOYAmt | 0 | 21358136 |
| IRS990/DonorRestrictionNetAssetsGrp/EOYAmt | 0 | 22343682 |
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| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | CARLOS S PASSI |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | CHRISTOPHER SOBECKI |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | DAVID L JOHNSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | GREGORY H WILLIAMS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | JAMES B JENKINS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | JAMES M MCCORMICK |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 11 | JOHN R THOMPSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 12 | GARY BERNSTEIN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 13 | JOSEPH P CARLUCCI ESQ |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 14 | MARLENE M TUTERA |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 15 | MICHAEL F HAYES |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 16 | MICHELE A QUIROLO |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 17 | PATRICIA BLACKMAR |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | PRESIDENT (AS OF 07/2023) |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | CHAIRMAN |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | VICE CHAIRMAN |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | TRUSTEE |
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100% lowerNew York, NY
View Organization501(c)3
Revenue vs current organization
46% lowerAssets vs current organization
About the sameWethersfield, CT
View Organization501(c)3
Revenue vs current organization
243% higherAssets vs current organization
77% lower