Civic Intelligence

Alfred University

EIN 16-0743900 • 501(c)3 • Alfred, NY

Profile

The mission of Alfred University is to provide excellent quality and enduring value through academic and co-curricular programming that is both intellectually challenging and practically relevant. We are culturally diverse and student-centered, and aim to serve an ever-changing student population. We seek students with the aspiration and dedication to do well for themselves and for their greater communities. Thus, we prepare our students with the knowledge, skills and life-habits that will enable them to succeed, and to live lives of continuous personal growth and service to others. These outcomes are achieved through a commitment, by the entire AU community, to teaching and research, the pursuit of scientific and technical expertise, artistic creativity, and humanistic learning.

One Saxon DriveAlfred, NY 14802

www.alfred.edu

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

26th percentile

0.11x

Higher debt load relative to assets than 26% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2023

Liabilities / Revenue

41st percentile

0.38x

Higher debt load relative to revenue than 41% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2023

Net Margin

19th percentile

-6.0%

Higher net margin than 19% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2023

Top Officer Pay

38th percentile

$520,715

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

501(c)3 • $250M-$1B nonprofits • Source year 2021

Asset Growth

33rd percentile

2.0%

Faster asset growth than 33% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2022 to 2023

Revenue Growth

11th percentile

-14%

Faster revenue growth than 11% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2022 to 2023

Assets

Up

$368,832,192

Up $7,242,641 (+2.0%) from 2022

Liabilities

Down

$39,819,506

Down $4,433,483 (-10%) from 2022

Net Assets

Up

$329,012,686

Up $11,676,124 (+3.7%) from 2022

Revenue

Down

$106,018,398

Down $16,954,593 (-14%) from 2022

Expenses

Up

$112,363,461

Up $872,384 (+0.8%) from 2022

Net Income

Down

-$6,345,063

Down $17,826,977 (-155%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400M$300M$200M$100M$0Assets 2010: $223,800,675Liabilities 2010: $56,849,020Net Assets 2010: $166,951,6552010Assets 2011: $237,149,171Liabilities 2011: $51,892,574Net Assets 2011: $185,256,5972011Assets 2012: $241,413,955Liabilities 2012: $53,466,366Net Assets 2012: $187,947,5892012Assets 2013: $242,941,418Liabilities 2013: $42,483,665Net Assets 2013: $200,457,7532013Assets 2014: $260,610,391Liabilities 2014: $49,052,787Net Assets 2014: $211,557,6042014Assets 2015: $268,464,451Liabilities 2015: $52,927,047Net Assets 2015: $215,537,4042015Assets 2016: $287,646,931Liabilities 2016: $53,495,473Net Assets 2016: $234,151,4582016Assets 2017: $301,036,751Liabilities 2017: $48,781,710Net Assets 2017: $252,255,0412017Assets 2018: $313,500,632Liabilities 2018: $42,670,617Net Assets 2018: $270,830,0152018Assets 2019: $320,328,866Liabilities 2019: $46,025,665Net Assets 2019: $274,303,2012019Assets 2020: $321,880,003Liabilities 2020: $46,537,560Net Assets 2020: $275,342,4432020Assets 2021: $386,336,406Liabilities 2021: $48,534,755Net Assets 2021: $337,801,6512021Assets 2022: $361,589,551Liabilities 2022: $44,252,989Net Assets 2022: $317,336,5622022Assets 2023: $368,832,192Liabilities 2023: $39,819,506Net Assets 2023: $329,012,6862023

Highlighted filing

2023

Assets$368,832,192
Liabilities$39,819,506
Net Assets$329,012,686

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150M$100M$50M$0-$50MExpenses 2010: $91,767,2122010Revenue 2011: $108,683,947Expenses 2011: $94,690,490Net Income 2011: $13,993,4572011Expenses 2012: $96,377,7992012Expenses 2013: $97,397,5882013Revenue 2014: $108,180,414Expenses 2014: $98,537,606Net Income 2014: $9,642,8082014Revenue 2015: $105,795,823Expenses 2015: $98,595,861Net Income 2015: $7,199,9622015Revenue 2016: $123,855,884Expenses 2016: $99,114,630Net Income 2016: $24,741,2542016Revenue 2017: $104,701,443Expenses 2017: $100,943,067Net Income 2017: $3,758,3762017Revenue 2018: $103,780,995Expenses 2018: $101,692,135Net Income 2018: $2,088,8602018Revenue 2019: $106,564,654Expenses 2019: $105,546,380Net Income 2019: $1,018,2742019Revenue 2020: $125,818,572Expenses 2020: $108,380,782Net Income 2020: $17,437,7902020Revenue 2021: $114,896,663Expenses 2021: $104,786,140Net Income 2021: $10,110,5232021Revenue 2022: $122,972,991Expenses 2022: $111,491,077Net Income 2022: $11,481,9142022Revenue 2023: $106,018,398Expenses 2023: $112,363,461Net Income 2023: -$6,345,0632023

Highlighted filing

2023

Revenue$106,018,398
Expenses$112,363,461
Net Income-$6,345,063

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$369$39.8$329$106$112$6.35
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$362$44.3$317$123$111$11.5
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$386$48.5$338$115$105$10.1
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$322$46.5$275$126$108$17.4
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$320$46.0$274$107$106$1.02
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$314$42.7$271$104$102$2.09
2017Summary only. Only limited summary data is available for this year.$301$48.8$252$105$101$3.76
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$288$53.5$234$124$99.1$24.7
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$268$52.9$216$106$98.6$7.20
2014Detailed filing. Detailed filing data is available for this year.$261$49.1$212$108$98.5$9.64
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$243$42.5$200$97.4
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$241$53.5$188$96.4
2011Summary only. Only limited summary data is available for this year.$237$51.9$185$109$94.7$14.0
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$224$56.8$167$91.8
Latest Detailed Filing

The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2021 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Jan 25, 2022
Return Version
2020v4.0
Gross Receipts
$118,531,864
Mission and Program Overview

Mission

The mission of Alfred University is to provide excellent quality and enduring value through academic and co-curricular programming that is both intellectually challenging and practically relevant. We are culturally diverse and student-centered, and aim to serve an ever-changing student population. We seek students with the aspiration and dedication to do well for themselves and for their greater communities. Thus, we prepare our students with the knowledge, skills and life-habits that will enable them to succeed, and to live lives of continuous personal growth and service to others. These outcomes are achieved through a commitment, by the entire AU community, to teaching and research, the pursuit of scientific and technical expertise, artistic creativity, and humanistic learning.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$118,520,307$158,592,636▲ $40,072,329
Land, Buildings, and Equipment, Net$149,337,184$158,482,491▲ $9,145,307
Investments Other Securities$20,900,503$25,887,255▲ $4,986,752
Other Notes and Loans Receivable, Net$14,698,484$15,845,624▲ $1,147,140
Pledges and Grants Receivable$8,397,902$10,241,883▲ $1,843,981
Cash and Non-Interest-Bearing Accounts$6,763,324$8,890,720▲ $2,127,396
Savings and Temporary Cash Investments-$4,500,000-
Accounts Receivable$2,652,773$3,214,319▲ $561,546
Prepaid Expenses and Deferred Charges$294,926$380,383▲ $85,457
Inventories for Sale or Use$314,600$301,095▼ $13,505
Total Assets$321,880,003$386,336,406▲ $64,456,403
Liabilities
Other Liabilities$30,069,017$24,062,978▼ $6,006,039
Tax Exempt Bond Liabilities$5,730,389$12,992,121▲ $7,261,732
Accounts Payable and Accrued Expenses$6,179,611$7,660,526▲ $1,480,915
Deferred Revenue$4,558,543$3,819,130▼ $739,413
Unsecured Notes Loans Payable$0--
Total Liabilities$46,537,560$48,534,755▲ $1,997,195
Net Assets / Fund Balance
Net Assets With Donor Restrictions$138,994,456$186,884,605▲ $47,890,149
Net Assets Without Donor Restrictions$136,347,987$150,917,046▲ $14,569,059
Total Net Assets Fund Balance$275,342,443$337,801,651▲ $62,459,208
Total Liabilities and Net Assets / Fund Balance$321,880,003$386,336,406▲ $64,456,403

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$147,657,061$112,022,153$259,679,214
Equipment$5,822,829$33,497,756$39,320,585
Leasehold Improvements$1,602,780$7,792,429$9,395,209
Other Land Buildings$2,276,989$0$2,276,989
Land$1,122,832-$1,122,832
Closely Held Equity Interests$1,238,000--
Financial Derivatives$24,649,255--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$136,550,309$2,000,643▲ $49,961,569$4,406,239$181,447,319
2019$138,253,806$4,404,421▲ $790,194$4,532,938$136,550,309
2018$129,318,223$5,329,507▲ $9,106,689$3,463,503$138,253,806
2017$118,618,959$1,681,205▲ $14,438,018$3,377,378$129,318,223
2016$105,846,496$3,357,866▲ $14,749,037$3,300,733$118,618,959
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mark ZupanPresidentFT$427,083$93,632$520,715
Jason AmoreVP For AdvancementFT$243,317$53,332$296,649
Gabrielle G GaustadDean, School of EngineeringFT$204,389$61,750$266,139
Giovina LloydVP Business/Finance & CFOFT$220,410$20,206$240,616
Scott MistureProfessor, School of EngineeringFT$159,372$70,156$229,528
Elizabeth DobieVice President & ProvostFT$179,183$42,554$221,737
Shanmugavelayut SundaramProfessor, Inamori School of EngineeringFT$128,768$48,972$177,740
Kimberly GuyerVP of Student AffairsFT$148,670$22,089$170,759
Mary McAllisterSecretaryFT$71,700$5,315$77,015

Highest Paid Contractors

ContractorServicesLocationCompensation
LeChase Construction Services LLCContracted Services205 Indigo Creek Drive, Suite 1111, Rochester, NY 14626$5,367,720
AVI Foodsystems IncFood Service Vendor2590 Elm Road NE, Suite 202, Warren, OH 44483$4,084,799
Center for Integrated Teacher EducationProfessional Services50 Court Street, Brooklyn, NY 11201$2,565,170
PRES Services LLCContracted Services1 Grove St, Pittsford, NY 14534$1,909,510
HotChalk IncProfessional Services2 Third Street, Troy, NY 12180$739,543
Revenue and Support

Revenue Composition

Contributions and Grants
$40,128,378
Program Service Revenue
$68,883,408
Investment Income
$4,404,628
Other Revenue
$1,480,249
All Other Contributions
$12,224,787
Change in Net Assets
$10,110,523

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded48$339,980Market Value
Total Noncash Contributions48$339,980-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$38,775,235
Grants and Similar Amounts Paid$33,295,158
Other Expenses$32,715,747
Total Fundraising Expense$1,293,953
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$32,713,492--$32,713,492
Other Salaries and Wages$23,791,935$3,256,893$127,552$27,176,380
Fees for Services Other$7,132,339$1,910,623$21,896$9,064,858
Depreciation Depletion$7,764,916$352,822$64,578$8,182,316
Other Employee Benefits$4,954,355$678,205$26,561$5,659,121
All Other Expenses$2,687,881$1,849,761$71,632$4,609,274
Office Expenses$2,429,692$228,567$63,667$2,721,926
Current Officers, Directors, Trustees, and Key Employees-$1,323,373$780,644$2,104,017
Pension Plan Contributions$1,721,119$235,605$9,227$1,965,951
Payroll Taxes$1,636,912$224,078$8,776$1,869,766
Occupancy$1,769,803$35,614-$1,805,417
Information Technology$1,129,647--$1,129,647
Foreign Grants$581,666--$581,666
Insurance$87,217$486,952$2,850$577,019
Travel$306,595$73,049$4,347$383,991
Interest$349,926--$349,926
Other Expenses$259,910$18,779$110$278,799
Fees for Service Investment Mgmnt Fees-$217,472$16,666$234,138
Fees for Services Legal$41,199$122,555-$163,754
Fees for Services Accounting$4,800$156,825-$161,625
Advertising$63,255$12,235-$75,490
Conferences and Meetings$38,507$19,120$363$57,990
Fees for Services Lobbying-$16,250-$16,250
Total Functional Expenses$91,894,786$11,597,401$1,293,953$104,786,140
International Activity

International Summary

Offices
0
Employees
0
Spending
$1,700

International Compliance

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
Central America and the CaribbeanProgram ServicesFaculty & Program Development00$1,700
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

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

Other Reported Liabilities

LiabilityAmount
Post Retirement Benefit Obligation$19,514,970
Asset Retirement Obligation$3,030,404
US Government Grants Refundable$982,136
Annuities Payable$535,468

Bond Issues

BondIssuerIssuedIssue PricePurpose
AFirst Niagara Series 2015A Bonds2015-07-30$8,716,483Refinancing

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$8,716,483$0$3,619,205-

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
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

Form 990 is prepared by the University's Controller and submitted for review to the University's independent auditors, President, Vice President for Business & Finance, and the Chair of the audit committee of the Board of Trustees, who has been delegated this responsibility by the Board of Trustees. The University also makes the draft form available to all board members for their review and comment.

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

The conflict of interest forms are completed annually by members of the Board and key employees. The disclosure responses are compiled by a third party and provided to the Secretary of the Corporation and the Director of Human Resources. The Secretary of the Corporation provides a copy of all completed disclosure statements to the chair person of the audit committee and ensures that any Board members with a stated conflict of interest abstains from any voting associated with the conflict and is not present for discussion on the matter. The Director of Human Resources provides a copy of potential conflicts of interest to the President who is responsible for determining the proper way to handle corporate decisions which involved unresolved employee conflicts of interest.

Form 990, Part VI, Section B, Line 15

The Human resource committee of the Board of Trustees sets the salary for the President. They utilize many sources of comparative data including surveys and Form 990 filings from comparative universities to determine the appropriate compensation.

Form 990, Part VI, Section C, Line 19

The University complies with all laws and regulations and provides photocopies of required documents upon request.

Filing and Contact Details

Filer

Filer Name
Alfred University
EIN
16-0743900
Phone
6078712966
Address
ONE SAXON DRIVE, ALFRED, NY 14802

Signing Officer

Name
Giovina Lloyd
Title
VP for Business & Finance
Phone
6078712966
Signed
2022-01-25

Organization Details

Principal Officer
Mark Zupan
Formed
1857
Legal Domicile
Ny
Voting Board Members
37
Independent Board Members
37
Employees
1,627
Volunteers
0
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Post Retirement Benefit Changes

Financial Statement Notes

Schedule D, Part V, Line 4

The long-term objective of the endowment is to maintain the purchasing power with the goal of providing a reasonable, predictive, stable, and sustainable level of income to support scholarship, academic instruction, infrastructure and current operations.

Raw XML AppendixShowing 400 of 1,292 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.

Path#Value
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IRS990/ActivitiesConductedPrtshpInd00
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IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt31 Grove St
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IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt4HotChalk Inc
IRS990/ContractorCompensationGrp/ServicesDesc0Contracted Services
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IRS990/Desc0HIGHER EDUCATION: ALFRED UNIVERSITY IS A COEDUCATIONAL INSTITUTION COMPRISED OF THE PRIVATELY ENDOWED COLLEGES OF LIBERAL ARTS AND SCIENCES, ENGINEERING AND BUSINESS, AND THE SCHOOL OF GRADUATE AND CONTINUING STUDIES, AS WELL AS TWO STATUTORY UNITS - THE SCHOOL OF ART AND DESIGN AND SELECTED PROGRAMS WITHIN THE SCHOOL OF ENGINEERING. WE OFFER BOTH UNDERGRADUATE AND GRADUATE DEGREES ALONG WITH UNDERGRADUATE AND GRADUATE RESEARCH OPPORTUNITIES TO APPROXIMATELY 2,300 STUDENTS.
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