Civic Intelligence

St. Lawrence University

990 • Fiscal year 2019 • EIN 15-0532239

Jul 01, 2018 to Jun 30, 2019 • Filed on Jul 15, 2020

23 Romoda DrCanton, NY 13617

(315) 229-5591

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

42nd percentile

0.25x

Higher debt load relative to assets than 42% of similar nonprofits.

2019 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2019

Liabilities / Revenue

61st percentile

0.65x

Higher debt load relative to revenue than 61% of similar nonprofits.

2019 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2019

Net Margin

55th percentile

5.6%

Higher net margin than 55% of similar nonprofits.

2019 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2019

Top Officer Pay

34th percentile

$593,781

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

2019 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2019

Asset Growth

48th percentile

4.0%

Faster asset growth than 48% of similar nonprofits.

2019 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2018 to 2019

Revenue Growth

57th percentile

5.7%

Faster revenue growth than 57% of similar nonprofits.

2019 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2018 to 2019

Assets

Up

$583,189,150

Up $22,250,484 (+4.0%) from 2018

Net Assets

Up

$439,690,744

Up $18,415,466 (+4.4%) from 2018

Liabilities

Up

$143,498,406

Up $3,835,018 (+2.7%) from 2018

Revenue

Up

$219,787,739

Up $11,787,970 (+5.7%) from 2018

Expenses

Up

$207,411,186

Up $4,606,643 (+2.3%) from 2018

Net Income

Up

$12,376,553

Up $7,181,327 (+138%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800M$600M$400M$200M$0Assets 2010: $414,022,146Liabilities 2010: $158,885,646Net Assets 2010: $255,136,5002010Assets 2011: $451,835,858Liabilities 2011: $143,518,449Net Assets 2011: $308,317,4092011Assets 2012: $436,594,003Liabilities 2012: $141,811,902Net Assets 2012: $294,782,1012012Assets 2013: $457,537,198Liabilities 2013: $143,207,934Net Assets 2013: $314,329,2642013Assets 2014: $493,989,883Liabilities 2014: $142,743,082Net Assets 2014: $351,246,8012014Assets 2015: $486,694,891Liabilities 2015: $138,372,437Net Assets 2015: $348,322,4542015Assets 2016: $496,955,057Liabilities 2016: $142,560,632Net Assets 2016: $354,394,4252016Assets 2017: $542,786,549Liabilities 2017: $140,341,041Net Assets 2017: $402,445,5082017Assets 2018: $560,938,666Liabilities 2018: $139,663,388Net Assets 2018: $421,275,2782018Assets 2019: $583,189,150Liabilities 2019: $143,498,406Net Assets 2019: $439,690,7442019Assets 2020: $583,488,400Liabilities 2020: $141,392,728Net Assets 2020: $442,095,6722020Assets 2021: $671,631,077Liabilities 2021: $136,978,609Net Assets 2021: $534,652,4682021Assets 2022: $606,490,223Liabilities 2022: $129,442,059Net Assets 2022: $477,048,1642022Assets 2023: $658,812,023Liabilities 2023: $162,701,448Net Assets 2023: $496,110,5752023

Highlighted filing

2019

Assets$583,189,150
Liabilities$143,498,406
Net Assets$439,690,744

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300M$200M$100M$0-$100MExpenses 2010: $148,553,7442010Expenses 2011: $147,075,7082011Revenue 2012: $156,761,321Expenses 2012: $151,653,477Net Income 2012: $5,107,8442012Expenses 2013: $163,811,3682013Revenue 2014: $167,884,492Expenses 2014: $172,435,777Net Income 2014: -$4,551,2852014Revenue 2015: $170,596,056Expenses 2015: $180,024,800Net Income 2015: -$9,428,7442015Revenue 2016: $180,512,453Expenses 2016: $187,457,055Net Income 2016: -$6,944,6022016Revenue 2017: $202,747,274Expenses 2017: $192,506,524Net Income 2017: $10,240,7502017Revenue 2018: $207,999,769Expenses 2018: $202,804,543Net Income 2018: $5,195,2262018Revenue 2019: $219,787,739Expenses 2019: $207,411,186Net Income 2019: $12,376,5532019Revenue 2020: $200,981,255Expenses 2020: $206,987,195Net Income 2020: -$6,005,9402020Revenue 2021: $204,208,934Expenses 2021: $197,161,257Net Income 2021: $7,047,6772021Revenue 2022: $207,002,339Expenses 2022: $216,254,825Net Income 2022: -$9,252,4862022Revenue 2023: $200,639,635Expenses 2023: $220,849,241Net Income 2023: -$20,209,6062023

Highlighted filing

2019

Revenue$219,787,739
Expenses$207,411,186
Net Income$12,376,553
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jul 15, 2020
Return Version
2018v3.0
Gross Receipts
$253,069,666
Mission and Program Overview

Mission

St. Lawrence university is a four year private, liberal arts higher education institution located in canton, ny. The total program expenses are directed to the student body of approximately 2,000 for the purpose of preparing them to be critical and creative thinkers, to find a compass for their lives and careers, and to pursue knowledge and understanding for the benefit of themselves, humanity, and the planet.

The mission of St. Lawrence University is to provide an inspiring and demanding undergraduate education in liberal arts to students selected for their seriousness of purpose and intellectual promise.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$242,818,590$233,755,770▼ $9,062,820
Land, Buildings, and Equipment, Net$158,268,706$160,263,722▲ $1,995,016
Investments in Publicly Traded Securities$75,645,277$100,190,127▲ $24,544,850
Pledges and Grants Receivable$61,469,518$65,548,609▲ $4,079,091
Savings and Temporary Cash Investments$8,530,028$7,864,038▼ $665,990
Cash and Non-Interest-Bearing Accounts$5,081,451$7,418,132▲ $2,336,681
Accounts Receivable$2,709,312$2,726,434▲ $17,122
Other Notes and Loans Receivable, Net$2,923,105$2,268,518▼ $654,587
Inventories for Sale or Use$1,905,803$1,788,096▼ $117,707
Prepaid Expenses and Deferred Charges$1,586,876$1,365,704▼ $221,172
Total Assets$560,938,666$583,189,150▲ $22,250,484
Liabilities
Tax Exempt Bond Liabilities$99,855,000$98,920,000▼ $935,000
Other Liabilities$23,599,803$23,942,866▲ $343,063
Accounts Payable and Accrued Expenses$12,490,337$18,318,458▲ $5,828,121
Deferred Revenue$3,095,748$1,835,415▼ $1,260,333
Mortgage Notes Payable Secured by Investment Property$622,500$481,667▼ $140,833
Total Liabilities$139,663,388$143,498,406▲ $3,835,018
Net Assets / Fund Balance
Temporarily Rstr Net Assets$168,343,923$168,189,800▼ $154,123
Permanently Rstr Net Assets$153,081,385$165,501,757▲ $12,420,372
Unrestricted Net Assets$99,849,970$105,999,187▲ $6,149,217
Total Net Assets Fund Balance$421,275,278$439,690,744▲ $18,415,466
Total Liabilities and Net Assets / Fund Balance$560,938,666$583,189,150▲ $22,250,484

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$137,871,135$157,888,190$295,759,325
Equipment$19,730,104$43,496,425$63,226,529
Land$2,662,483-$2,662,483
Other Land Buildings$0$0$0
Leasehold Improvements$0$0$0
Other Securities$4,853,972--
Closely Held Equity Interests$0--
Financial Derivatives$0--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$305,688,519$11,457,489▲ $12,544,195$4,401,632$315,660,579
2017$295,884,037$2,986,521▲ $19,368,258$4,089,121$305,688,519
2016$267,593,470$5,247,026▲ $37,152,535$4,071,411$295,884,037
2015$282,085,578$7,935,596▼ $7,102,189$6,200,530$267,593,470
2014$283,875,717$2,685,638▲ $10,903,634$6,278,943$282,085,578
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
William FoxPresidentFT$450,626$143,155$593,781
Tom PynchonVP AdvancementFT$248,906$42,203$291,109
Joseph ManoryFormer Treasurer-$221,245$60,532$281,777
Karl SchonbergVP Academic AffairsFT$201,484$59,376$260,860
Mark MorrisMen's Hockey CoachFT$215,637$39,924$255,561
Obiora UdechukwuProfessorFT$228,256$17,972$246,228
Obiora UdechukwuRetired Professor-$77,919$168,309$246,228
Joe TolliverVP Student AffairsFT$180,883$64,211$245,094
Val LehrProfessorFT$192,966$51,736$244,702
Justin SipherVP Information TechnologyFT$190,948$36,003$226,951
Jeffrey YoungProfessorFT$90,847$124,513$215,360
Robert ThackerProfessorFT$87,009$125,265$212,274
Lisa CaniaSecretaryFT$179,874$28,259$208,133
Paul RedfernVice President for University CommunicationsFT$138,038$54,077$192,115
Florence HinesVice President & Dean of Admissions&Financial AidFT$115,109$55,883$170,992
Stephen HietschVP for Finance and AdministrationFT$113,082$57,250$170,332
Jan AlbanoActing CFO (retired)FT$106,929$24,125$131,054

Highest Paid Contractors

ContractorServicesLocationCompensation
Harvey Excavation and Construction Co IncContractor Fees354 Tiernan Ridge Rd, Chase Mills, NY 13621$2,089,373
Canton Potsdam HospitalArchitectural Fees1065 Ave of the Americas, New York, NY 10018$996,261
Royall and CompanyMedical Services for Students50 Leroy St, Potsdam, NY 13676$717,258
Cambridge AssociatesMarketing, Analysis, Recruitment Services1920 E Parham Rd, Richmond, VA 23228$674,513
-investment management100 Summer St, Boston, MA 02110$599,330
Revenue and Support

Revenue Composition

Contributions and Grants
$36,287,675
Program Service Revenue
$172,936,313
Investment Income
$9,484,950
Other Revenue
$1,078,801
All Other Contributions
$34,020,979
Change in Net Assets
$12,376,553

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table109$11,427,927estimated NPV
Securities Publicly Traded43$4,120,265appraised Fair Market Value (FMV)
Other Non Cash Contri Table1$75,000appraised Fair Market Value (FMV)
Other Non Cash Contri Table3$28,403estimated Fair Market Value (FMV)
Cars and Other Vehicles13$2,062appraised Fair Market Value (FMV)
Total Noncash Contributions169$15,653,657-

Audited Revenue Reconciliation

Revenue per Audited Statements
$140,512,612
Revenue Not Reported on Financial Statements
$79,275,127
Revenue Not Reported on Form 990
$7,498,949
Other Revenue Adjustments
$76,624,855
Total Revenue per Audited Statements
$148,011,561
Total Revenue per Form 990
$219,787,739
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$76,639,855
Salaries, Compensation, and Employee Benefits$73,113,011
Other Expenses$57,474,340
Total Fundraising Expense$8,279,112
Professional Fundraising Fees$183,980

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$72,322,478--$72,322,478
Other Salaries and Wages$42,732,337$5,427,920$3,614,664$51,774,921
Depreciation Depletion$8,705,817$1,116,488$735,379$10,557,684
Other Employee Benefits$8,410,332$1,068,292$711,417$10,190,041
Office Expenses$7,396,171$670,170$379,936$8,446,277
Occupancy$5,591,316$350,648$113,986$6,055,950
Pension Plan Contributions$3,677,807$467,160$311,100$4,456,067
Foreign Grants$4,302,377--$4,302,377
Interest$4,206,276--$4,206,276
Fees for Services Other$2,974,534$938,805$18,175$3,931,514
Payroll Taxes$3,110,809$395,139$263,139$3,769,087
Travel$2,949,992$163,913$293,527$3,407,432
Current Officers, Directors, Trustees, and Key Employees$960,148$1,594,282$368,465$2,922,895
Other Expenses$2,398,049$223,253$148,865$2,770,167
Fees for Service Investment Mgmnt Fees-$2,650,272-$2,650,272
Information Technology$824,141$824,142-$1,648,283
Insurance$650,817$4,837$61,019$716,673
Fees for Services Legal$454,940--$454,940
Advertising$115,309$85,440-$200,749
Fees for Services Professional Fundraising--$183,980$183,980
Conferences and Meetings$101,939$26,005$19,029$146,973
Fees for Services Accounting$16,438$122,586-$139,024
Grants to Domestic Orgs$15,000--$15,000
Total Functional Expenses$182,465,800$16,666,274$8,279,112$207,411,186

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$207,411,186
Total Expenses per Audited Statements$129,596,095
Expenses per Audited Statements$128,136,059
Expenses Not Reported on Financial Statements$79,275,127
Other Expense Adjustments$76,624,855
Expenses Not Reported on Form 990$1,460,036
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Village of CantonCanton, NY-Consortium contribution$15,000

International Summary

Offices
3
Employees
40
Spending
$3,089,354

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
Yes
Interest in foreign trust
No
Passive foreign investment company interest
Yes
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe (including Iceland and Greenland)Program ServicesEducation Abroad Program220$1,992,944
Sub-Saharan AfricaProgram ServicesEducation Abroad Program120$1,008,274
Middle East and North AfricaProgram ServicesEducation Abroad Program00$61,270
South AsiaProgram ServicesEducation Abroad Program00$26,866
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$183,980
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
James TylerTrustee and donorconstruction contractNo$17,000,000
Judy Angelo Cowendonor and spouse of investment manageryear end value of investmentsNo$10,901,592
Lynn FoxSpouse of organization's presidentConsulting compensation and travel expense reimbursementsNo$21,052
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Unamortized premium and deferred finance cost$6,860,824
Conditional Asset Retirement Obligations$5,087,511
Accrued pension and postretirement benefits$4,555,793
Annuities and deferred giving obligations$4,017,556
Federal student loan funds$3,015,268
Capital Lease$405,914

Bond Issues

BondIssuerIssuedIssue PricePurpose
ASt Lawrence County IDA Civic Dev Corp2012-12-19$46,819,980advance refund bonds issued 7/1/09
BSt Lawrence University IDA Civic Dev Corp2016-05-25$31,785,422Advance refund bonds issued 7/1/09

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$41,819,980$46,272,606$0$547,374
B$31,793,126$31,463,707$0$329,419

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
Yes
Business relationship with organization members
Yes
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, Section A, Line 2

Trustee Simpson has a business relationship with trustee Ranger and with trustee Grandfield.

Form 990, Part VI, Section B, Line 11B

The form 990 is reviewed and accepted by the audit committee of the board of trustees, and presented to the full board of trustees for their review and comment prior to submission to the IRS.

Form 990, Part VI, Section B, Line 12C

Trustees, officers and employees are required to report compliance with the conflict of interest policy upon election or appointment, and on an annual basis thereafter. Individuals are required to recuse themselves from deliberative and decision making processes on matters where any conflict of interest may exist.

Form 990, Part VI, Section B, Line 15

The University benchmarks its financial data against a group of 25 liberal arts colleges, which includes comparative review of salaries and benefits. The compensation of the president and senior staff is determined annually by independent members of the compensation committee of the board of trustees in conjunction with a review of comparative data. Every three years, an external professional consultant is used to determine the president's compensation. Persons with any conflict of interest are excluded from these proceedings which are contemporaneously documented.

Form 990, Part VI, Section C, Line 19

The University's bylaws and conflict of interest policy are available on the University's website at www.stlawu.edu. The University's financial statements are available by request via email to [email protected] or phone at 315-229-5591.

Filing and Contact Details

Filer

Filer Name
St Lawrence University
EIN
15-0532239
Phone
3152295591
Address
23 Romoda Dr, Canton, NY 13617

Signing Officer

Name
Stephen Hietsch
Title
VP for Finance and Administration
Phone
3152295897
Signed
2020-07-15

Organization Details

Principal Officer
Stephen Hietsch
Formed
1856
Legal Domicile
Ny
Voting Board Members
42
Independent Board Members
40
Employees
2,586
Volunteers
1,099
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Postretirement benefit related changes other than net periodic benefit cost $130,157, Worker's compensation trust proceeds $125,113, other $502,794.

Financial Statement Notes

Schedule D, Part III, Line 4

St. Lawrence University's permanent collections provides students, faculty, scholars, and a broad regional community the opportunity to study and enjoy original works of arts. The collection includes nearly 7000 art objects and artifacts, with particular strengths in twentieth century American and European works on paper, including photographs, prints, portfolios, drawings, and artists' books.

Schedule D, Part V, Line 4

The intended uses of the endowment fund are to support the University's mission to educate students in the liberal arts tradition.

Schedule D, Part X, Line 2

The University has been recognized by the IRS as an organization that is exempt from income taxes pursuant to Section 501(c)(3) of the Internal Revenue Code.

Schedule D, Part XI, Line 2D

Bookstore cost of goods sold $1,460,036, postretirement benefit related changes other than net periodic benefit cost $130,157, Workers compensation trust proceeds $125,113, other $502,794.

Schedule D, Part XI, Line 4B

Student Financial Aid.

Schedule D, Part XII, Line 2D

Bookstore Cost of Goods Sold.

Schedule D, Part XII, Line 4B

Student Financial Aid.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0St. Lawrence University is a four year, private, liberal arts higher education institution located in Canton, NY. The total program expenses are directed to the student body of approximately 2,400 for the purpose of preparing them to be critical and creative thinkers, to find a compass for their lives and careers, and to pursue knowledge and understanding for the benefit of themselves, humanity, and the planet.
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IRS990/Form990PartVIISectionAGrp/PersonNm0Michael Ranger
IRS990/Form990PartVIISectionAGrp/PersonNm1Jennifer Curley Reichert
IRS990/Form990PartVIISectionAGrp/PersonNm2Lee Bailey
IRS990/Form990PartVIISectionAGrp/PersonNm3Jo Ann Campbell
IRS990/Form990PartVIISectionAGrp/PersonNm4Andre Couture
IRS990/Form990PartVIISectionAGrp/PersonNm5William Crombie
IRS990/Form990PartVIISectionAGrp/PersonNm6Sharee Freeman

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$659$163$496$201$221$20.2
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$606$129$477$207$216$9.25
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$672$137$535$204$197$7.05
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$583$141$442$201$207$6.01
2019Detailed filing. Detailed filing data is available for this year.$583$143$440$220$207$12.4
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$561$140$421$208$203$5.20
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$543$140$402$203$193$10.2
2016Summary only. Only limited summary data is available for this year.$497$143$354$181$187$6.94
2015Detailed filing. Detailed filing data is available for this year.$487$138$348$171$180$9.43
2014Detailed filing. Detailed filing data is available for this year.$494$143$351$168$172$4.55
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$458$143$314$164
2012Summary only. Only limited summary data is available for this year.$437$142$295$157$152$5.11
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$452$144$308$147
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$414$159$255$149
Peer Organizations

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