Civic Intelligence

Utica University

990 • Fiscal year 2021 • EIN 16-1476258

Jun 01, 2020 to May 31, 2021 • Filed on Oct 12, 2021

1600 Burrstone RoadUtica, NY 13502

(315) 792-3011

Siviq Scores

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

Liabilities / Assets

84th percentile

0.52x

Higher debt load relative to assets than 84% of similar nonprofits.

2021 filings • NTEE B • $100M-$250M nonprofits • Source year 2021

Liabilities / Revenue

66th percentile

0.73x

Higher debt load relative to revenue than 66% of similar nonprofits.

2021 filings • NTEE B • $100M-$250M nonprofits • Source year 2021

Net Margin

67th percentile

18%

Higher net margin than 67% of similar nonprofits.

2021 filings • NTEE B • $100M-$250M nonprofits • Source year 2021

Top Officer Pay

55th percentile

$404,073

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 0.4% of source-year revenue.

2021 filings • NTEE B • $100M-$250M nonprofits • Source year 2021

Asset Growth

30th percentile

8.0%

Faster asset growth than 30% of similar nonprofits.

2021 filings • NTEE B • $100M-$250M nonprofits • Annualized from 2020 to 2021

Revenue Growth

65th percentile

13%

Faster revenue growth than 65% of similar nonprofits.

2021 filings • NTEE B • $100M-$250M nonprofits • Annualized from 2020 to 2021

Assets

Up

$162,972,224

Up $12,017,607 (+8.0%) from 2020

Net Assets

Up

$78,668,961

Up $12,378,758 (+19%) from 2020

Liabilities

Down

$84,303,263

Down $361,151 (-0.4%) from 2020

Revenue

Up

$115,414,749

Up $13,608,580 (+13%) from 2020

Expenses

Down

$95,038,724

Down $4,362,363 (-4.4%) from 2020

Net Income

Up

$20,376,025

Up $17,970,943 (+747%) from 2020

Historical Trend

Balance Sheet Trend

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

$200M$150M$100M$50M$0Assets 2010: $95,592,421Liabilities 2010: $56,307,885Net Assets 2010: $39,284,5362010Assets 2011: $102,514,868Liabilities 2011: $58,315,734Net Assets 2011: $44,199,1342011Assets 2012: $104,727,773Liabilities 2012: $57,641,295Net Assets 2012: $47,086,4782012Assets 2013: $106,356,090Liabilities 2013: $57,182,339Net Assets 2013: $49,173,7512013Assets 2014: $106,640,177Liabilities 2014: $56,152,564Net Assets 2014: $50,487,6132014Assets 2015: $110,713,733Liabilities 2015: $63,146,442Net Assets 2015: $47,567,2912015Assets 2016: $115,179,428Liabilities 2016: $71,024,983Net Assets 2016: $44,154,4452016Assets 2017: $117,018,066Liabilities 2017: $69,080,233Net Assets 2017: $47,937,8332017Assets 2018: $130,056,007Liabilities 2018: $70,578,617Net Assets 2018: $59,477,3902018Assets 2019: $133,290,027Liabilities 2019: $68,597,430Net Assets 2019: $64,692,5972019Assets 2020: $150,954,617Liabilities 2020: $84,664,414Net Assets 2020: $66,290,2032020Assets 2021: $162,972,224Liabilities 2021: $84,303,263Net Assets 2021: $78,668,9612021Assets 2022: $156,931,603Liabilities 2022: $82,613,316Net Assets 2022: $74,318,2872022Assets 2023: $140,809,471Liabilities 2023: $83,973,692Net Assets 2023: $56,835,7792023Assets 2024: $133,465,875Liabilities 2024: $86,802,539Net Assets 2024: $46,663,3362024

Highlighted filing

2021

Assets$162,972,224
Liabilities$84,303,263
Net Assets$78,668,961

Operations Trend

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

$150M$100M$50M$0-$50MExpenses 2010: $58,136,2662010Expenses 2011: $86,548,4182011Expenses 2012: $93,764,5602012Expenses 2013: $100,775,0092013Revenue 2014: $105,299,542Expenses 2014: $105,412,420Net Income 2014: -$112,8782014Revenue 2015: $108,239,382Expenses 2015: $110,368,110Net Income 2015: -$2,128,7282015Revenue 2016: $115,993,449Expenses 2016: $120,871,280Net Income 2016: -$4,877,8312016Revenue 2017: $99,799,776Expenses 2017: $93,885,974Net Income 2017: $5,913,8022017Revenue 2018: $101,947,803Expenses 2018: $95,923,190Net Income 2018: $6,024,6132018Revenue 2019: $104,359,411Expenses 2019: $98,993,758Net Income 2019: $5,365,6532019Revenue 2020: $101,806,169Expenses 2020: $99,401,087Net Income 2020: $2,405,0822020Revenue 2021: $115,414,749Expenses 2021: $95,038,724Net Income 2021: $20,376,0252021Revenue 2022: $105,142,781Expenses 2022: $104,853,806Net Income 2022: $288,9752022Revenue 2023: $89,786,192Expenses 2023: $105,687,698Net Income 2023: -$15,901,5062023Revenue 2024: $94,456,826Expenses 2024: $109,731,138Net Income 2024: -$15,274,3122024

Highlighted filing

2021

Revenue$115,414,749
Expenses$95,038,724
Net Income$20,376,025
Jump To
Filing Snapshot
Filing Period
Jun 1, 2020 to May 31, 2021
Signed
Oct 12, 2021
Return Version
2020v4.0
Gross Receipts
$115,414,749
Mission and Program Overview

Mission

We empower learners to achieve their career and life goals through personally enriching experiences and outstanding educational pathways.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$74,229,890$81,309,107▲ $7,079,217
Investments in Publicly Traded Securities$22,158,583$30,060,820▲ $7,902,237
Savings and Temporary Cash Investments$18,473,984$22,938,150▲ $4,464,166
Accounts Receivable$11,119,327$10,887,455▼ $231,872
Investments Other Securities$5,509,516$6,836,088▲ $1,326,572
Pledges and Grants Receivable$2,462,302$2,293,888▼ $168,414
Other Notes and Loans Receivable, Net$377,660$305,897▼ $71,763
Prepaid Expenses and Deferred Charges$173,570$239,303▲ $65,733
Inventories for Sale or Use$899$36,636▲ $35,737
Cash and Non-Interest-Bearing Accounts$7,110$7,150▲ $40
Total Assets$150,954,612$162,972,224▲ $12,017,612
Other Assets Total$16,441,771$8,057,730▼ $8,384,041
Liabilities
Tax Exempt Bond Liabilities$44,058,524$43,518,080▼ $540,444
Other Liabilities$16,745,950$16,124,102▼ $621,848
Deferred Revenue$14,106,446$13,002,232▼ $1,104,214
Accounts Payable and Accrued Expenses$9,753,494$11,658,849▲ $1,905,355
Total Liabilities$84,664,414$84,303,263▼ $361,151
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$37,692,263$41,239,574▲ $3,547,311
Net Assets With Donor Restrictions$28,597,935$37,429,387▲ $8,831,452
Total Net Assets Fund Balance$66,290,198$78,668,961▲ $12,378,763
Total Liabilities and Net Assets / Fund Balance$150,954,612$162,972,224▲ $12,017,612

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$57,698,694$46,947,800$104,646,494
Other Land Buildings$12,066,876$9,888,135$21,955,011
Equipment$4,211,129$8,444,073$12,655,202
Land$6,246,046-$6,246,046
Leasehold Improvements$1,086,362$1,189,171$2,275,533

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$27,110,269$2,567,821▲ $8,227,652$389,894$36,600,490
2019$25,052,831$2,373,955▲ $1,013,233$376,357$27,110,269
2018$25,880,260$418,115▲ $66,624$372,004$25,052,831
2017$24,642,658$430,065▲ $2,097,529$369,766$25,880,260
2016$22,835,797$381,225▲ $2,698,919$357,447$24,642,658
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Laura CasamentoPresidentFT$303,635$100,438$404,073
Todd PfannestielProvost & Senior Vice President for Academic AffairsFT$211,472$19,326$230,798
Jeffrey GatesSenior Vice President of Student Life and EnrollmentFT$196,886$32,808$229,694
George NehmeVice President for AdvancementFT$185,484$15,919$201,403
Polly SmithSenior Vice President for Market Innovation & New Ventures/Associtae Provost for OESFT$181,286$17,316$198,602
Pamela SalmonVice President of Financial AffairsFT$161,853$34,556$196,409
Stephanie NesbittDean of the School of Business & JusticeFT$173,051$20,633$193,684
Robert HallidayAssociate Provost, Online Learning and Vice President of Online and Extended StudiesFT$150,739$33,335$184,074
Ahmed RadwanDean for Health and ProfessionsFT$134,302$46,352$180,654
Andrew BeakmanVice President of Legal Affairs & General CounselFT$150,518$6,987$157,505

Highest Paid Contractors

ContractorServicesLocationCompensation
Wiley Deltak eduOnline Educational Services1415 W 22nd St, Suite 400, Oak Brook, IL 60523$7,812,702
Orbis Education ServicesEducational Partner11595 North Meridian St, Carmel, IN 46032$6,014,261
Atalian Global Services IncFacilities Services417 Fifth Avenue, New York, NY 10016$4,578,277
The Hayner Hoyt CorportationConstruction1820 LeMoyne Avenue, Syracuse, NY 13208$2,105,892
Follett Higher Education Group IncBookstore Services3146 Solutions Center, Chicago, IL 60677$1,247,453
Revenue and Support

Revenue Composition

Contributions and Grants
$13,860,306
Program Service Revenue
$85,014,179
Investment Income
$16,042,962
Other Revenue
$497,302
All Other Contributions
$6,765,073
Change in Net Assets
$20,376,025

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 Traded7$39,097Fair Market Value (FMV)
Total Noncash Contributions7$39,097-

Audited Revenue Reconciliation

Revenue per Audited Statements
$99,508,509
Revenue Not Reported on Financial Statements
$15,906,240
Revenue Not Reported on Form 990
$-7,748,218
Other Revenue Adjustments
$15,906,240
Total Revenue per Audited Statements
$91,760,291
Total Revenue per Form 990
$115,414,749
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$46,045,419
Other Expenses$31,837,267
Grants and Similar Amounts Paid$17,156,038
Total Fundraising Expense$2,533,954
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$27,004,112$4,723,671$1,435,158$33,162,941
Grants to Domestic Individuals$16,859,396--$16,859,396
Other Employee Benefits$5,582,733$869,635$268,906$6,721,274
Fees for Services Other$5,011,716$913,604$170,710$6,096,030
Depreciation Depletion$4,637,613$499,355$0$5,136,968
Occupancy$2,951,815$229,289$15,873$3,196,977
Office Expenses$1,989,844$890,697$51,699$2,932,240
All Other Expenses$1,939,251$732,097$105,052$2,776,400
Payroll Taxes$2,244,986$404,045$122,560$2,771,591
Current Officers, Directors, Trustees, and Key Employees$883,197$888,068$267,071$2,038,336
Other Expenses$1,928,704$53,360$11,235$1,993,299
Interest$1,611,753$75,879$867$1,688,499
Pension Plan Contributions$1,090,900$199,778$60,599$1,351,277
Insurance$230,765$483,594$0$714,359
Information Technology$24,368$687,516$3$711,887
Advertising$58,443$507,263$0$565,706
Travel$397,279$144,746$365$542,390
Foreign Grants$296,642--$296,642
Conferences and Meetings$164,323$8,769$9,783$182,875
Fees for Services Accounting$0$118,822$0$118,822
Fees for Services Legal$0$116,154$0$116,154
Fees for Services Lobbying$50,000$0$0$50,000
Royalties$1,245$0$0$1,245
Total Functional Expenses$79,891,591$12,613,179$2,533,954$95,038,724

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$95,038,724
Expenses per Audited Statements$79,132,484
Total Expenses per Audited Statements$79,132,484
Expenses Not Reported on Financial Statements$15,906,240
Other Expense Adjustments$15,906,240
Expenses Not Reported on Form 990$0
International Activity

International Summary

Offices
0
Employees
5
Spending
$125,000

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
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
North America (including Canada and Mexico, but not the United States)Program ServicesFaculty01$83,000
Central America and the CaribbeanProgram ServicesAdjunct Lecturer03$32,000
North America (including Canada and Mexico, but not the United States)Program ServicesAdjunct Lecturer01$10,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Jeremy ThurstonBoard Member & Majority owner of the Hayner Hoyt CompanyThe College paid for services on a construction contract.No$8,812,575
Bernadette ClarkWife of Harold T. Clark, managing agent for Adron LLC.Bernadette Clark is the wife of Harold T. Clark, managing agent for Adron LLC. The College has a rental agreement with Adron to lease space.No$425,850
Laura CasamentoLaura Casamento is President of Utica College and her son, Brian Marcantonio is head soccer coach.Payroll & BenefitsNo$67,570
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Post Retirement Liability$7,024,516
Bond Premium, Net of Amortization$5,062,369
Lease Liability$3,896,789
Perkins Loan Federal Contribution$70,539
Charitable Trust Obligations$69,889

Bond Issues

BondIssuerIssuedIssue PricePurpose
AOneida County Local Development Corporation2019-12-18$49,438,503See Part VI

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$49,439,081$35,120,883$390,000$569,147

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
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
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

The College conducts business with various vendors throughout the greater Utica area. Several of the College's vendors have principals or employees currently serving on its board of trustees. In accordance with the college's bylaws, each vendor serving on the college board of trustees is required to disclose the details of transactions and other business involvements with the college. Significant related party transactions include government relations services and data processing, printing, mailing and email marketing for the development office.

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

The 990 is reviewed and approved by the treasurer, key employees, and appropriate trustees prior to being filed and issued. Additionally, the 990 is provided to the entire board of trustees for review and comment prior to filing. This is done by posting a draft PDF of the 990 to the College trustee website.

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

Officers and Board members are required to complete conflict of interest statements and submit them to the office of financial affairs.

Form 990, Part VI, Section B, Line 15

The compensation of the president is determined by a compensation committee of the board of trustees in consultation with an independent consultant and approved by the executive committee. The compensation of officers and key employees is determined by the college president and approved by the compensation committee.

Form 990, Part VI, Section C, Line 19

Governing documents are available to the public through personal requests through appropriate college officials.

Filing and Contact Details

Filer

Filer Name
Utica College
EIN
16-1476258
Phone
3157923011
Address
1600 Burrstone Road, Utica, NY 13502

Signing Officer

Name
Pamela Salmon
Title
VP of Financial Affairs & Treasurer
Phone
3157923011
Signed
2021-10-12

Organization Details

Principal Officer
Pamela Salmon
Formed
1946
Legal Domicile
Ny
Voting Board Members
28
Independent Board Members
27
Employees
1,812
Volunteers
75
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Change in funded status of the pension plan ($287,090), change in annuity obligations $3,348 and FEMA Assistance of $34,695.

Financial Statement Notes

Schedule D, Part III, Line 4

The College has a fine arts collection that is housed in the Barrett Art Gallery. The gallery is open to students and members of the community who share an interest in fine arts. The college offers a number of fine arts courses.

Schedule D, Part V, Line 4

The College has endowment funds that are managed to provide a permanent source of income to support the teaching, research, and service missions of the institution.

Schedule D, Part XI, Line 4B

Scholarship Aid $15,906,240

Schedule D, Part XII, Line 4B

Scholarship Aid $15,906,240

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IRS990/Desc0Instruction and research to educate undergraduate & graduate students preparing them to achieve distinction in their chosen professions and inspiring them to become citizens committed to their community. Institutional Support for central and executive-level activities concerned with management and long-range planing for the entire institution.
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IRS990/Form990PartVIISectionAGrp/PersonNm1Todd Pfannestiel
IRS990/Form990PartVIISectionAGrp/PersonNm2Jeffrey Gates
IRS990/Form990PartVIISectionAGrp/PersonNm3George Nehme
IRS990/Form990PartVIISectionAGrp/PersonNm4Polly Smith
IRS990/Form990PartVIISectionAGrp/PersonNm5Pamela Salmon
IRS990/Form990PartVIISectionAGrp/PersonNm6Stephanie Nesbitt
IRS990/Form990PartVIISectionAGrp/PersonNm7Robert Halliday
IRS990/Form990PartVIISectionAGrp/PersonNm8Ahmed Radwan
IRS990/Form990PartVIISectionAGrp/PersonNm9Andrew Beakman
IRS990/Form990PartVIISectionAGrp/PersonNm10Mark A Pilipczuk
IRS990/Form990PartVIISectionAGrp/PersonNm11Robert A Brvenik
IRS990/Form990PartVIISectionAGrp/PersonNm12John Calabrese
IRS990/Form990PartVIISectionAGrp/PersonNm13John P Casellini
IRS990/Form990PartVIISectionAGrp/PersonNm14Heidi M Hoeller
IRS990/Form990PartVIISectionAGrp/PersonNm15Eugene F Quadraro
IRS990/Form990PartVIISectionAGrp/PersonNm16Kenneth D Bell
IRS990/Form990PartVIISectionAGrp/PersonNm17Bernadette Clark
IRS990/Form990PartVIISectionAGrp/PersonNm18Thomas F Cox Jr
IRS990/Form990PartVIISectionAGrp/PersonNm19Ronald A Cuccaro
IRS990/Form990PartVIISectionAGrp/PersonNm20Frederick C Degen
IRS990/Form990PartVIISectionAGrp/PersonNm21John Forte
IRS990/Form990PartVIISectionAGrp/PersonNm22Samuel D Hester
IRS990/Form990PartVIISectionAGrp/PersonNm23Andrew R Hislop
IRS990/Form990PartVIISectionAGrp/PersonNm24Christian W Meyer III
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IRS990/Form990PartVIISectionAGrp/PersonNm28Wester Miga
IRS990/Form990PartVIISectionAGrp/PersonNm29Jeremy Thurston
IRS990/Form990PartVIISectionAGrp/PersonNm30Larry E Bull
IRS990/Form990PartVIISectionAGrp/PersonNm31Krista DiBerardino
IRS990/Form990PartVIISectionAGrp/PersonNm32Treesa Salter
IRS990/Form990PartVIISectionAGrp/PersonNm33Lawrence Adler
IRS990/Form990PartVIISectionAGrp/PersonNm34Harry Cynkus
IRS990/Form990PartVIISectionAGrp/PersonNm35Marianne Gaige
IRS990/Form990PartVIISectionAGrp/PersonNm36Dan Jones
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$133$86.8$46.7$94.5$110$15.3
2023Detailed filing. Detailed filing data is available for this year.$141$84.0$56.8$89.8$106$15.9
2022Detailed filing. Detailed filing data is available for this year.$157$82.6$74.3$105$105$0.29
2021Detailed filing. Detailed filing data is available for this year.$163$84.3$78.7$115$95.0$20.4
2020Detailed filing. Detailed filing data is available for this year.$151$84.7$66.3$102$99.4$2.41
2019Detailed filing. Detailed filing data is available for this year.$133$68.6$64.7$104$99.0$5.37
2018Detailed filing. Detailed filing data is available for this year.$130$70.6$59.5$102$95.9$6.02
2017Detailed filing. Detailed filing data is available for this year.$117$69.1$47.9$99.8$93.9$5.91
2016Detailed filing. Detailed filing data is available for this year.$115$71.0$44.2$116$121$4.88
2015Detailed filing. Detailed filing data is available for this year.$111$63.1$47.6$108$110$2.13
2014Detailed filing. Detailed filing data is available for this year.$107$56.2$50.5$105$105$0.11
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$106$57.2$49.2$101
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$105$57.6$47.1$93.8
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$103$58.3$44.2$86.5
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$95.6$56.3$39.3$58.1