Civic Intelligence

Hilbert College

EIN 16-6031585 • 501(c)3 • Hamburg, NY

Profile

Hilbert College is an independent institution of higher learning that embraces its Catholic Franciscan heritage and values. Students from diverse backgrounds are educated in liberal arts and professional programs to become informed citizens committed to serving and strengthening their communities.

5200 South Park AvenueHamburg, NY 14075

www.hilbert.edu

Siviq Scores

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

Liabilities / Assets

67th percentile

0.41x

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

501(c)3 • $25M-$50M nonprofits • Source year 2023

Liabilities / Revenue

65th percentile

0.50x

Higher debt load relative to revenue than 65% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2023

Net Margin

29th percentile

-1.8%

Higher net margin than 29% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2023

Top Officer Pay

60th percentile

$307,749

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2021

Asset Growth

61st percentile

8.7%

Faster asset growth than 61% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Revenue Growth

70th percentile

17%

Faster revenue growth than 70% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Assets

Up

$35,197,279

Up $2,830,998 (+8.7%) from 2022

Liabilities

Up

$14,571,014

Up $3,471,607 (+31%) from 2022

Net Assets

Down

$20,626,265

Down $640,609 (-3.0%) from 2022

Revenue

Up

$29,331,740

Up $4,304,396 (+17%) from 2022

Expenses

Up

$29,864,714

Up $2,756,143 (+10%) from 2022

Net Income

Up

-$532,974

Up $1,548,253 (+74%) from 2022

Trend Graphs

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2011: $38,462,440Liabilities 2011: $15,106,680Net Assets 2011: $23,355,7602011Assets 2012: $39,510,490Liabilities 2012: $14,615,758Net Assets 2012: $24,894,7322012Assets 2013: $41,172,183Liabilities 2013: $13,940,737Net Assets 2013: $27,231,4462013Assets 2014: $42,440,101Liabilities 2014: $13,285,422Net Assets 2014: $29,154,6792014Assets 2015: $41,470,421Liabilities 2015: $12,363,893Net Assets 2015: $29,106,5282015Assets 2016: $39,214,987Liabilities 2016: $11,308,795Net Assets 2016: $27,906,1922016Assets 2017: $38,224,783Liabilities 2017: $10,818,531Net Assets 2017: $27,406,2522017Assets 2018: $34,570,161Liabilities 2018: $8,452,286Net Assets 2018: $26,117,8752018Assets 2019: $32,350,080Liabilities 2019: $7,900,205Net Assets 2019: $24,449,8752019Assets 2020: $33,100,591Liabilities 2020: $10,505,651Net Assets 2020: $22,594,9402020Assets 2021: $33,257,741Liabilities 2021: $7,964,996Net Assets 2021: $25,292,7452021Assets 2022: $32,366,281Liabilities 2022: $11,099,407Net Assets 2022: $21,266,8742022Assets 2023: $35,197,279Liabilities 2023: $14,571,014Net Assets 2023: $20,626,2652023

Highlighted filing

2023

Assets$35,197,279
Liabilities$14,571,014
Net Assets$20,626,265

Operations Trend

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

$30M$20M$10M$0-$10MExpenses 2011: $17,382,8582011Revenue 2012: $20,692,932Expenses 2012: $18,586,698Net Income 2012: $2,106,2342012Expenses 2013: $19,343,0792013Revenue 2014: $21,253,456Expenses 2014: $19,663,137Net Income 2014: $1,590,3192014Revenue 2015: $20,387,119Expenses 2015: $19,910,764Net Income 2015: $476,3552015Revenue 2016: $19,287,767Expenses 2016: $19,926,612Net Income 2016: -$638,8452016Revenue 2017: $18,846,096Expenses 2017: $20,055,679Net Income 2017: -$1,209,5832017Revenue 2018: $17,560,776Expenses 2018: $19,152,981Net Income 2018: -$1,592,2052018Revenue 2019: $18,646,550Expenses 2019: $19,444,148Net Income 2019: -$797,5982019Revenue 2020: $18,690,710Expenses 2020: $20,634,351Net Income 2020: -$1,943,6412020Revenue 2021: $25,377,744Expenses 2021: $24,141,299Net Income 2021: $1,236,4452021Revenue 2022: $25,027,344Expenses 2022: $27,108,571Net Income 2022: -$2,081,2272022Revenue 2023: $29,331,740Expenses 2023: $29,864,714Net Income 2023: -$532,9742023

Highlighted filing

2023

Revenue$29,331,740
Expenses$29,864,714
Net Income-$532,974

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$35.2$14.6$20.6$29.3$29.9$0.53
2022Summary only. Only limited summary data is available for this year.$32.4$11.1$21.3$25.0$27.1$2.08
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$33.3$7.96$25.3$25.4$24.1$1.24
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$33.1$10.5$22.6$18.7$20.6$1.94
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$32.4$7.90$24.4$18.6$19.4$0.80
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$34.6$8.45$26.1$17.6$19.2$1.59
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$38.2$10.8$27.4$18.8$20.1$1.21
2016Summary only. Only limited summary data is available for this year.$39.2$11.3$27.9$19.3$19.9$0.64
2015Detailed filing. Detailed filing data is available for this year.$41.5$12.4$29.1$20.4$19.9$0.48
2014Detailed filing. Detailed filing data is available for this year.$42.4$13.3$29.2$21.3$19.7$1.59
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$41.2$13.9$27.2$19.3
2012Summary only. Only limited summary data is available for this year.$39.5$14.6$24.9$20.7$18.6$2.11
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$38.5$15.1$23.4$17.4
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
Jun 1, 2020 to May 31, 2021
Signed
Feb 9, 2022
Return Version
2020v4.2
Gross Receipts
$33,652,190
Mission and Program Overview

Mission

Hilbert College is an independent institution of higher learning that embraces its Catholic Franciscan heritage and values. Students from diverse backgrounds are educated in liberal arts and professional programs to become informed citizens committed to serving and strengthening their communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$21,420,444$20,713,539▼ $706,905
Investments in Publicly Traded Securities$8,606,165$11,245,454▲ $2,639,289
Accounts Receivable$768,879$758,068▼ $10,811
Cash and Non-Interest-Bearing Accounts$1,734,409$293,871▼ $1,440,538
Other Notes and Loans Receivable, Net$170,080$141,460▼ $28,620
Pledges and Grants Receivable$65,619$63,399▼ $2,220
Prepaid Expenses and Deferred Charges$46,070$33,878▼ $12,192
Savings and Temporary Cash Investments$288,925$8,072▼ $280,853
Total Assets$33,100,591$33,257,741▲ $157,150
Liabilities
Tax Exempt Bond Liabilities$3,713,700$3,478,193▼ $235,507
Mortgage Notes Payable Secured by Investment Property$2,057,429$2,096,436▲ $39,007
Unsecured Notes Loans Payable$1,895,000--
Accounts Payable and Accrued Expenses$1,179,270$1,635,490▲ $456,220
Deferred Revenue$1,369,693$417,585▼ $952,108
Other Liabilities$290,559$337,292▲ $46,733
Total Liabilities$10,505,651$7,964,996▼ $2,540,655
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$15,936,924$16,317,132▲ $380,208
Net Assets With Donor Restrictions$6,658,016$8,975,613▲ $2,317,597
Total Net Assets Fund Balance$22,594,940$25,292,745▲ $2,697,805
Total Liabilities and Net Assets / Fund Balance$33,100,591$33,257,741▲ $157,150

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$16,887,759$14,539,852$31,427,611
Equipment$853,576$1,973,836$2,827,412
Other Land Buildings$1,401,107$226,737$1,627,844
Land$1,571,097-$1,571,097

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$5,977,299$10,018▲ $2,293,281$0$7,987,085
2019$6,947,767$3,764▲ $327,785$1,000,000$5,977,299
2018$7,428,145$29,913▼ $64,681$32,542$6,947,767
2017$6,975,505$62,924▲ $745,470$41,474$7,428,145
2016$6,000,643$356,723▲ $866,890$7,976$6,975,505
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael Brophy PhdPresidentFT$257,394$50,355$307,749
Jean BolandVP for Finance & AdministrationFT$161,522$8,093$169,615
Randyll BowenVP for Enrollment ManagementFT$134,003$28,465$162,468
Martin FlossDirector of Institute for Law & JusticeFT$127,675$24,695$152,370
Martin FlossDirector of Institute for Law & Just-$127,675$24,695$152,370
Kathleen ChristyVP for Institutional AdvancementFT$137,767$13,792$151,559
Gregory RobertsVP for Student Life and Dean of StudentsFT$115,240$10,608$125,848
Kristina Lantzky-eaton PhdProvost and VP for Academic Affairs Thru 9/2020FT$91,160$6,303$97,463
Margaret SmithVP Mission Integ & Campus Ministry ThruFT$42,453$3,541$45,994
Jeffrey PapiaVP Mission Integ & Campus Ministry Eff 10/2020FT$33,059$7,067$40,126

Highest Paid Contractors

ContractorServicesLocationCompensation
Education DynamicsMarketingPO BOX 780276, Philadelphia, PA 19178$269,245
Synergy Global SolutionsIt Consulting452 SONWIL DRIVE, Cheektowaga, NY 14225$210,404
Bond Schoeneck And KingLegalPO BOX 11607, Syracuse, NY 13218$210,348
Ellucian CompanyIt Consulting62578 COLLECTIONS CENTER DRIVE, Chicago, IL 60693$184,920
Liaison International LLCName Buys For Admissions311 ARSENAL STREET, Watertown, NY 02472$140,073
Revenue and Support

Revenue Composition

Contributions and Grants
$4,781,446
Program Service Revenue
$19,848,565
Investment Income
$1,481,009
Other Revenue
$-733,276
All Other Contributions
$607,255
Change in Net Assets
$1,236,445

Audited Revenue Reconciliation

Revenue per Audited Statements
$26,139,037
Revenue Not Reported on Financial Statements
$-761,293
Revenue Not Reported on Form 990
$-5,866,520
Other Revenue Adjustments
$-804,258
Total Revenue per Audited Statements
$20,272,517
Total Revenue per Form 990
$25,377,744
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$9,926,903
Grants and Similar Amounts Paid$8,006,681
Other Expenses$6,191,115
Total Fundraising Expense$624,488
Professional Fundraising Fees$16,600

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$7,874,957--$7,874,957
Other Salaries and Wages$6,137,786$1,129,602$148,221$7,415,609
Fees for Services Other$581,092$1,142,054$1,187$1,724,333
Depreciation Depletion$750,199$229,902$72,657$1,052,758
Current Officers, Directors, Trustees, and Key Employees-$881,495$153,341$1,034,836
Advertising$342,958$340,117-$683,075
Office Expenses$431,879$185,484$24,548$641,911
Payroll Taxes$462,349$133,978$20,444$616,771
Other Employee Benefits$415,257$105,140$19,252$539,649
Occupancy$333,641$131,548$36,280$501,469
Pension Plan Contributions$263,343$50,015$6,680$320,038
All Other Expenses$59,316$200,561$4,850$264,727
Information Technology$144,792$44,082-$188,874
Interest$125,872$44,371$14,023$184,266
Other Expenses$134,724$13,984$4,419$153,127
Travel$136,027$8,294$6,035$150,356
Insurance$95,185$33,554$10,604$139,343
Foreign Grants$131,724--$131,724
Conferences and Meetings$45,329$34,556$2,022$81,907
Fees for Service Investment Mgmnt Fees-$42,965-$42,965
Fees for Services Professional Fundraising--$16,600$16,600
Total Functional Expenses$18,745,901$4,770,910$624,488$24,141,299

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$24,141,299
Total Expenses per Audited Statements$17,574,712
Expenses per Audited Statements$16,770,454
Expenses Not Reported on Financial Statements$7,370,845
Other Expense Adjustments$7,327,880
Expenses Not Reported on Form 990$804,258
International Activity

International Summary

Offices
0
Employees
0
Spending
$0

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$16,600
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
Richard HamisterTrustee and Senior Vice President Northwest BankOutstanding Loans From Bank to CollegeNo$1,946,436
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Liability for Agency Funds$210,753
U.s. Government Loan Funds Refundable$126,539

Bond Issues

BondIssuerIssuedIssue PricePurpose
ATown of Hamburg Land Development Corporation2010-06-22$6,500,000STUDENT HOUSING

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$6,500,000-$3,021,807-

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
Yes
Corrective action procedures
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
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
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

Sr. Marcia ann fiutko and sr. Michael marie jordan have a business relationship.

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

A draft copy of the form 990 is distributed to all current members of the college's finance committee. The committee discusses the form. A final draft of the form is emailed to all members of the college's board of trustees and the form is reviewed at a board of trustees' meeting. Comments are noted prior to filing of the form with the irs.

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

Trustees and officers of the college annually file a conflict of interest statement. Each person identifies actual and potential conflicts on their statement.

Form 990, Part VI, Section B, Line 15A

The executive committee of the college's board of trustees meets annually to set the president's salary for the upcoming year. They gather data from the form 990 of area colleges and use other regional and national salary surveys. They then make a recommendation to the other trustees to set the compensation for the president. The president has a written employment contract that covers three years.

Form 990, Part VI, Section C, Line 19

Hilbert college does not make its bylaws, policies, or financial statements available to the general public. Hilbert college does comply with regulations related to the disclosure of its irs form 990. All parts of form 990, as required, are published on the internet via guidestar.org. Also, the college does make copies of the form 990, except for schedule b, available to individuals upon their request.

Filing and Contact Details

Filer

Filer Name
Hilbert College
EIN
16-6031585
Phone
7166497900
Address
5200 SOUTH PARK AVENUE, HAMBURG, NY 14075

Signing Officer

Name
Jean Boland
Title
VP for Finance and Administrat
Phone
7166497900
Signed
2022-02-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Michael Brophy
Formed
1957
Legal Domicile
Ny
Voting Board Members
27
Independent Board Members
25
Employees
379
Volunteers
30

Preparer

Firm
Lumsden & Mccormick Llp
Address
369 FRANKLIN STREET, BUFFALO, NY 14202
Preparer
John P Schiavone
Phone
7168563300
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The process has not changed from the prior year.

Financial Statement Notes

PART V, LINE 4:

The primary purpose of the earnings generated by the investment of hilbert college's endowed funds is to provide scholarships for the college's students. Some of the endowed funds are restricted for faculty development, library support, and student activities.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Scholarships and student aid -7,327,880.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Cost of goods sold -804,258.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Cost of goods sold 804,258.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Scholarships and student aid 7,327,880.

Raw XML AppendixShowing 400 of 1,026 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
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt01179270
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt01635490
IRS990/AccountsReceivableGrp/BOYAmt0768879
IRS990/AccountsReceivableGrp/EOYAmt0758068
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0HILBERT COLLEGE IS AN INDEPENDENT INSTITUTION OF HIGHER LEARNING THAT EMBRACES ITS CATHOLIC FRANCISCAN HERITAGE AND VALUES. STUDENTS FROM DIVERSE BACKGROUNDS ARE EDUCATED IN LIBERAL ARTS AND PROFESSIONAL PROGRAMS TO BECOME INFORMED CITIZENS COMMITTED TO SERVING AND STRENGTHENING THEIR COMMUNITIES.
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IRS990/AuditCommitteeInd01
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IRS990/BooksInCareOfDetail/PhoneNum07169268818
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt05200 SOUTH PARK AVENUE
IRS990/BooksInCareOfDetail/USAddress/CityNm0HAMBURG
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
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IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd402472
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0EDUCATION DYNAMICS
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1SYNERGY GLOBAL SOLUTIONS
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2BOND SCHOENECK AND KING
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IRS990/ContractorCompensationGrp/ServicesDesc0MARKETING
IRS990/ContractorCompensationGrp/ServicesDesc1IT CONSULTING
IRS990/ContractorCompensationGrp/ServicesDesc2LEGAL
IRS990/ContractorCompensationGrp/ServicesDesc3IT CONSULTING
IRS990/ContractorCompensationGrp/ServicesDesc4NAME BUYS FOR ADMISSIONS
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IRS990/DelegationOfMgmtDutiesInd00
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IRS990/Desc0HILBERT COLLEGE IS A HIGHER EDUCATION INSTITUTION OFFERING BACCALAUREATE DEGREES IN 25 PROGRAM AREAS AND MASTER DEGREES IN TWO PROGRAM AREAS. STUDENT SERVICES PROVIDED INCLUDE INSTRUCTION, STUDENT FINANCE, ADMISSIONS, CAREER DEVELOPMENT, MISSION INTEGRATION, COUNSELING, ATHLETICS, SCHOLARSHIPS, FINANCIAL AID, DIVERSITY AND INCLUSION AND STUDENT GOVERNMENT. THE COLLEGE'S ENGAGING, STUDENT-CENTERED CAMPUS COMMUNITY OFFERS NUMEROUS LEADERSHIP, INTERNSHIP, AND SERVICE LEARNING OPPORTUNITIES FROM WHICH STUDENTS LAUNCH SUCCESSFUL CAREERS WHILE MAKING A POSITIVE CHANGE IN THEIR COMMUNITIES.
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