Civic Intelligence

St. Lawrence University

990 • Fiscal year 2025 • EIN 15-0532239

Jul 01, 2024 to Jun 30, 2025 • Filed on Apr 16, 2026

Organization ProfileWWW.STLAWU.EDU

View Organization Page

23 Romoda DriveCanton, NY 13617-1423

(315) 229-5563

Siviq Scores

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

Liabilities / Assets

55th percentile

0.23x

Higher debt load relative to assets than 55% of similar nonprofits.

2025 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2025

Liabilities / Revenue

67th percentile

0.78x

Higher debt load relative to revenue than 67% of similar nonprofits.

2025 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2025

Net Margin

10th percentile

-6.1%

Higher net margin than 10% of similar nonprofits.

2025 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2025

Top Officer Pay

51st percentile

$583,860

Higher top officer pay than 51% of similar nonprofits.

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

2025 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2025

Asset Growth

24th percentile

1.8%

Faster asset growth than 24% of similar nonprofits.

2025 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2024 to 2025

Revenue Growth

25th percentile

-0.5%

Faster revenue growth than 25% of similar nonprofits.

2025 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets55th percentile

Assets

Up

$700,329,087

Up $41,517,064 (+6.3%) from 2023

Net Assets

Up

$536,903,705

Up $40,793,130 (+8.2%) from 2023

Liabilities

Up

$163,425,382

Up $723,934 (+0.4%) from 2023

Revenue And Expenses
Liabilities / Revenue67th percentileNet Margin10th percentile

Revenue

Up

$210,596,214

Up $9,956,579 (+5.0%) from 2023

Expenses

Up

$223,493,666

Up $2,644,425 (+1.2%) from 2023

Net Income

Up

-$12,897,452

Up $7,312,154 (+36%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth24th percentile

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: $496,110,5752023Assets 2025: $700,329,087Liabilities 2025: $163,425,382Net Assets 2025: $536,903,7052025

Highlighted filing

2025

Assets$700,329,087
Liabilities$163,425,382
Net Assets$536,903,705
Open 2025 Filing

Operations Trend

Revenue Growth25th percentile

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: -$20,209,6062023Revenue 2025: $210,596,214Expenses 2025: $223,493,666Net Income 2025: -$12,897,4522025

Highlighted filing

2025

Revenue$210,596,214
Expenses$223,493,666
Net Income-$12,897,452
Open 2025 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Apr 16, 2026
Return Version
2024v5.5
Gross Receipts
$245,053,533
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$382,048,686$407,363,508▲ $25,314,822
Land, Buildings, and Equipment, Net$166,840,470$173,853,160▲ $7,012,690
Pledges and Grants Receivable$60,365,748$60,108,055▼ $257,693
Investments in Publicly Traded Securities$44,660,138$43,801,034▼ $859,104
Prepaid Expenses and Deferred Charges$2,227,477$1,715,729▼ $511,748
Accounts Receivable$4,084,820$1,688,650▼ $2,396,170
Inventories for Sale or Use$1,561,490$1,455,090▼ $106,400
Other Notes and Loans Receivable, Net$466,795--
Cash and Non-Interest-Bearing Accounts$5,334,742$391,487▼ $4,943,255
Total Assets$688,141,967$700,329,087▲ $12,187,120
Other Assets Total$20,551,601$9,952,374▼ $10,599,227
Liabilities
Tax Exempt Bond Liabilities$138,594,275$132,654,367▼ $5,939,908
Other Liabilities$16,845,622$16,155,819▼ $689,803
Accounts Payable and Accrued Expenses$17,491,869$12,623,944▼ $4,867,925
Deferred Revenue$1,679,177$1,991,252▲ $312,075
Total Liabilities$174,610,943$163,425,382▼ $11,185,561
Net Assets / Fund Balance
Net Assets With Donor Restrictions$415,566,629$449,481,137▲ $33,914,508
Net Assets Without Donor Restrictions$97,964,395$87,422,568▼ $10,541,827
Total Net Assets Fund Balance$513,531,024$536,903,705▲ $23,372,681
Total Liabilities and Net Assets / Fund Balance$688,141,967$700,329,087▲ $12,187,120

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$105,678,282$255,624,786$361,303,068
Equipment$65,512,395$9,766,697$75,279,092
Land$2,662,483-$2,662,483
Other Securities$5,121,826--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$416,833,841$7,536,490▲ $52,410,984$25,880,285$438,145,025
2023$378,997,553$8,686,067▲ $51,159,819$10,559,183$416,833,841
2022$352,923,378$5,232,565▲ $42,333,703$10,048,260$378,997,553
2021$405,077,133$6,666,385▼ $40,510,134$7,987,862$352,923,378
2020$322,771,681$10,273,230▲ $89,332,463$7,557,813$405,077,133
Compensation and Service Providers
Top Officer Pay51st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kathryn MorrisPresidentFT$514,028$69,832$583,860
Florence HinesVP, Enrollment Management, Dean of Adm & Fin AidFT$255,818$95,204$351,022
Florence HinesVP, Enrollment Management, Dean of a-$254,107$96,915$351,022
Karl SpieckerVP, for Finance and AdministrationFT$278,908$62,806$341,714
Brent BrekkeMens Head Coach Ice HockeyFT$302,414$39,012$341,426
Robert WellsWomens Head Coach Ice HockeyFT$187,826$133,022$320,848
Paul RedfernVP, Univ Communications & Inst StrategiesFT$266,274$26,123$292,397
Paul RedfernVP, Univ Communications & Inst Strat-$266,060$26,337$292,397
John ChristopherGeneral CounselFT$251,096$33,965$285,061
Kimberly HissongVP, University AdvancementFT$234,123$30,163$264,286
Alison Del RossiVP, Dean Academic AffairsFT$228,075$33,958$262,033
Valerie LehrProfessor Gender StudiesFT$191,217$25,357$216,574
Karl SchonebergProfessor of GovernmentFT$172,672$41,979$214,651
Cassandra PetersonInterim Exec Director Maj/plan GiftFT$167,871$11,106$178,977
Robert HanceAssociate VP & Chief Facilities OfficerFT$155,666$18,810$174,476
Robert HanceAssociate VP & Chief Facilities Offi-$154,489$19,987$174,476

Board Members and Trustees

NameTitle
Jennifer Curley ReichertBoard Chair
Andre CoutureTrustee
Andrew ChanTrustee
Carolyn Davidow PutneyTrustee
Christina RobichaudTrustee
Daniel BrindisiTrustee
Derrick PittsTrustee
Donna WinstonTrustee
Edward KellerTrustee
Emma CA PhillipsTrustee
Heather MccauleyTrustee
Jay IrelandTrustee
Jo Ann CampbellTrustee
Julie Black HitchTrustee
Kathleen Perkins ColsonTrustee
Keith HenryTrustee
Kirk KelloggTrustee
Lisa Tarbox LukeTrustee
Marion Roach SmithTrustee
Mark KlettTrustee
Nicholas G PennimanTrustee
Nicoline SawabiniTrustee
Obi NwaigweTrustee
Peter HuntTrustee
Robyn Munn GengrasTrustee
SCOTT O'CONNELLTrustee
Sharee FreemanTrustee
Shauna Ryan KingTrustee
Stephanie Birrell LuedkeTrustee
Timothy SimpsonTrustee
Trip Samson IiiTrustee
William CowanTrustee
William WilsonTrustee

Highest Paid Contractors

ContractorServicesLocationCompensation
L&l Construction LLCContractor148 JEFFERS RD, Dekalb, NY 13630$661,900
Omada Technologies LLCNetwork Security Maintenance36 MAPLEWOOD AVE, Portsmouth, NH 03801$554,648
Carnegie Dartlett LLCMarketing Firm210 LITTLETON RD, Westford, MA 01886$404,907
Ellucian Co LLC And SubsidiariesContract Maintenance Erp62578 COLLECTIONS CENTER DR, Chicago, IL 60693$289,020
Storie ConstructionContractor88 RIVER LANE PRIVATE, Ogdensburg, NY 13669$208,014
Revenue and Support

Revenue Composition

Contributions and Grants
$27,908,247
Program Service Revenue
$165,178,919
Investment Income
$16,811,423
Other Revenue
$697,625
All Other Contributions
$25,160,159
Change in Net Assets
$-12,897,452

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
Securities Publicly Traded114$2,501,670Appraised Fair Market Value (FMV)
Other Non Cash Contri Table3$360,000Appraised Fair Market Value (FMV)
Other Non Cash Contri Table2$95,300Fair Value
Works of Art1$1,632Fair Value
Total Noncash Contributions120$2,958,602-

Audited Revenue Reconciliation

Revenue per Audited Statements
$122,573,206
Revenue Not Reported on Financial Statements
$88,023,008
Revenue Not Reported on Form 990
$37,520,735
Other Revenue Adjustments
$84,486,657
Total Revenue per Audited Statements
$160,093,941
Total Revenue per Form 990
$210,596,214
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$84,486,657
Salaries, Compensation, and Employee Benefits$70,017,279
Other Expenses$68,989,730
Total Fundraising Expense$5,871,417
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$84,486,657--$84,486,657
Other Salaries and Wages$32,975,371$14,821,442$2,650,406$50,447,219
Fees for Services Other$16,942,260$1,170,126$670,900$18,783,286
Depreciation Depletion$9,948,338$2,027,816-$11,976,154
Other Employee Benefits$8,573,783$1,145,214$642,069$10,361,066
Office Expenses$7,673,785$703,081$200,012$8,576,878
Occupancy$6,999,964$240,903-$7,240,867
Interest$5,829,174--$5,829,174
All Other Expenses$3,666,550$137,542$71,055$3,875,147
Payroll Taxes$3,139,835$414,472$196,541$3,750,848
Fees for Service Investment Mgmnt Fees-$3,536,351-$3,536,351
Travel$3,059,260$185,689$234,788$3,479,737
Pension Plan Contributions$2,473,198$326,473$154,812$2,954,483
Current Officers, Directors, Trustees, and Key Employees$2,095,816$276,657$131,190$2,503,663
Other Expenses$452,752$234,605$838,884$1,526,241
Insurance$1,394,212-$56,336$1,450,548
Fees for Services Accounting$26,267$170,677-$196,944
Advertising$77,080$109,360-$186,440
Conferences and Meetings$85,858$13,637$19,709$119,204
Total Functional Expenses$192,066,138$25,556,111$5,871,417$223,493,666

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$223,493,666
Total Expenses per Audited Statements$136,721,260
Expenses per Audited Statements$135,470,658
Expenses Not Reported on Financial Statements$88,023,008
Other Expense Adjustments$84,486,657
Expenses Not Reported on Form 990$1,250,602
International Activity

International Summary

Offices
3
Employees
29
Spending
$2,233,153

International Compliance

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

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe (including Iceland & Greenland) - Albania, Andorra, Austria, BelgiumProgram ServicesEducation Abroad Program212$1,228,520
Sub-saharan Africa - Angola, Benin, Botswana, Burkina Faso,Program ServicesEducation Abroad Program117$1,004,633
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Conditional Asset Retirement Obligations$6,212,814
Unamortized Bond Premiums, Net of Deferred Finance Costs$4,198,668
Annuities and Deferred Giving Obligations$2,900,120
Accrued Postretirement Benefits$2,686,049
Finance Lease Obligations$158,168

Bond Issues

BondIssuerIssuedIssue PricePurpose
CSt Lawrence County Ida Civic Dev Corp2022-12-01$42,075,000Advance refund bonds issued, series 2022
ASt Lawrence County Ida Civic Dev Corp2012-12-19$40,180,000Advance refund bonds issued 7/1/09
BSt Lawrence University Ida Civic Dev Corp2016-05-25$28,115,000Advance refund bonds issued 7/1/09

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$46,819,980$45,973,052$15,525,000$846,928
C$42,027,767$34,076,167-$895,856
B$31,785,422$31,245,144$1,835,000$540,278

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 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, Section B, Line 11B

“The form 990 is reviewed and accepted by the audit committee of the board of trustees, and made available 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
3152295563
Address
23 ROMODA DRIVE, CANTON, NY 13617-1423

Signing Officer

Name
Karl Spiecker
Title
VP for Finance and Administration
Phone
3152295563
Signed
2026-04-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Karl Spiecker
Formed
1856
Legal Domicile
Ny
Voting Board Members
34
Independent Board Members
33
Employees
2,124
Volunteers
28

Preparer

Firm
Bonadio & Co Llp
Address
171 SULLYS TRAIL, PITTSFORD, NY 14534
Preparer
Joseph Peplin
Phone
5853811000
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Change in funded status of postretirement plan 409,493. Net periodic postretirement benefit plan costs, net of service costs 341,518. Other -185,718.”

Form 990. Part XII, Line 2C

“This process has not changed from prior year.”

Financial Statement Notes

PART III, LINE 4:

“St. Lawrence university's permanent collections provide students, faculty, scholars, and a broad regional community the opportunity to study and enjoy original works of art. The collection includes nearly 7,000 art objects and artifacts, with particular strengths in 20th century american and european works on paper, including photographs, prints, portfolios, drawings, and artists' books.”

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.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Bookstore cost of goods sold 1,064,884. Change in funded status of postretirement plan 409,493. Net periodic postretirement benefit costs, net of service costs 341,518.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Student financial aid 84,486,657.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Bookstore cost of goods sold 1,064,884. Other 185,718. Change in funded status of postretirement plan net periodic postretirement benefit costs, net of service costs”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Student financial aid 84,486,657.”

Raw XML AppendixShowing 400 of 1,439 raw XML fields

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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Document Assets

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Filings

Displayed year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$700,329,087
Liabilities
$163,425,382
Net assets
$536,903,705
Revenue
$210,596,214
Expenses
$223,493,666
Net income
-$12,897,452
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$700$163$537$211$223$12.9
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
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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

Similar nonprofits based on the same Siviq industry and scale cohort. 2025 filings • NTEE B • $250M-$1B nonprofits