Albertus Magnus College
84% goes to programs $97 to raise $100 Strong reserves Growing revenue
Albertus Magnus College is a 501(c)(3) organization based in New Haven, Connecticut, registered in 1946, with $62,216,973 in FY2024 revenue. CharityIndex grades it B, and it directs about 84% of spending to programs.
700 Prospect St, New Haven, CT, 06511 EIN 06-0646520 Since 1946
Revenue (FY2024)
$62.2M
▲ 45.6% vs prior year
Education median: $200K
Expenses (FY2024)
$53.6M
Net assets
$46.4M
Employees
524
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →CProgram efficiency40% of the rating84% to programs · $97 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Albertus Magnus College: 84% to programs · $97 to raise $100 earns a C on this criterion. See the exact thresholds →
AFinancial health25% of the rating10 mo reserves · +14% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Albertus Magnus College: 10 mo reserves · +14% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Albertus Magnus College: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Albertus Magnus College: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
To provide higher education to college students
What they do
Student services and auxiliary (student support) services consisting of housing, food service, laundry service, infirmary and counseling of approximately 1,350 college students.
Contact & location
- Address
- 700 Prospect St, New Haven, CT, 06511
- City
- New Haven
- State
- Connecticut
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $35.7M (FY2013) to $62.2M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $35.8MNet assets $46.4M
Operating margin
13.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$82.2M
Total liabilities
$35.8M
Net assets
$46.4M
Salaries & benefits
$20.4M
38% of expenses
Board members
25
22 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $62,216,973▲45.6% | $53,558,794▲13.4% | $46,412,455▼0.4% | $82,223,346▲0.8% | 990 |
| 2023 | $42,723,304▼11.8% | $47,250,170▲0.2% | $46,619,036▲6.7% | $81,554,448▲7.8% | 990 |
| 2022 | $48,432,638▲5.1% | $47,155,182▼0.4% | $43,684,843▲10.3% | $75,659,174▲5.4% | 990 |
| 2021 | $46,097,293▲5.7% | $47,345,230▲6.2% | $39,592,078▼26.0% | $71,777,424▼13.1% | 990 |
| 2020 | $43,630,497▲9.2% | $44,568,815▲2.5% | $53,516,379▲20.9% | $82,618,879▲8.4% | 990 |
| 2019 | $39,954,878▲16.2% | $43,502,723▲8.8% | $44,270,737▼5.9% | $76,187,703▲24.6% | 990 |
| 2018 | $34,381,728▲6.0% | $39,980,740▲12.1% | $47,068,015▼8.3% | $61,150,837▲10.7% | 990 |
| 2017 | $32,422,367▼10.0% | $35,649,469▲5.6% | $51,322,934▼2.1% | $55,261,727▼4.0% | 990 |
| 2016 | $36,041,404▼6.1% | $33,747,899▼5.6% | $52,446,380▲11.7% | $57,550,418▲8.0% | 990 |
| 2015 | $38,369,039▲7.5% | $35,747,503▲1.7% | $46,973,732▲3.8% | $53,301,564▲3.4% | 990 |
| 2014 | $35,705,796▲0.1% | $35,147,635▼0.2% | $45,233,655▲1.1% | $51,561,440▲0.2% | 990 |
| 2013 | $35,656,671 | $35,226,643▼4.4% | $44,744,830▲8.3% | $51,435,382▲5.5% | 990 |
| 2012 | — | $36,851,096▲3.1% | $41,310,916▲3.9% | $48,770,413▲4.0% | 990 |
| 2011 | — | $35,759,926▲16.5% | $39,764,113▲0.6% | $46,887,834 | 990 |
| 2010 | — | $30,697,681 | $39,535,947 | $46,888,133 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Marc M Camille Ed D — $482,595 (0.90% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Marc M Camille Ed D | President/trustee | 40 | $482,595 |
| William Aniskovich | Dean of the Tagliatela School Pf Business and Lead | 40 | $237,366 |
| Lauri Strimkovsky | Vp For Finance and Administration | 40 | $230,140 |
| Rosa Rivera-hainaj | Vp For Academic Affairss | 40 | $204,196 |
| Brian Fernandez | Vice President For Enrollment Management | 40 | $189,208 |
| Mary Young | Vp For Advancement | 40 | $183,005 |
| Andrea Kovacs | Vp For Marketing and Community Relation | 40 | $182,387 |
| Alexander Clark | Trustee | 1 | — |
| Anne O Mccrory Jd | Trustee/chair | 1 | — |
| Bishop Theodore L Brooks Sr | Trustee | 1 | — |
| Franklyn Reynolds | Trustee | 1 | — |
| F Todd Renz | Trustee | 1 | — |
| Giovanni Duaqui | Trustee | 1 | — |
| Hope Cahoon | Trustee | 1 | — |
| James T Olson | Trustee | 1 | — |
| Janice Shields | Trustee | 1 | — |
| John Williams | Trustee | 1 | — |
| Louis Tagliatela Jr | Trustee | 1 | — |
| Maura Hunter Byrne | Trustee | 1 | — |
| Paul Mccraven | Trustee/secretary | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Chartwells Dining Services | Dining Hall Services | $1,125,137 |
| Securitas Security | Security Services | $924,030 |
| Eab Global Inc | Student Recruitment and Financial Aid Se | $556,255 |
| Southgate Nurserymen LLC | Landscaping | $189,493 |
| Vancord | Network Services | $145,775 |
Grants received · $689K total
29 grants to Albertus Magnus College totaling $689K, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| The New York Community Trust | For general support. | 2024 | $10,000 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $120,000 |
| National Philanthropic Tr | Culture & arts | 2023 | $31,500 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $20,350 |
| Donor Advised Charitable Giving | Education | 2023 | $7,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $36,050 |
| National Philanthropic Tr | Education | 2022 | $26,500 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2022 | $20,000 |
| Donor Advised Charitable Giving | Education | 2022 | $9,100 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $97,321 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $97,321 |
| National Philanthropic Tr | Education | 2021 | $28,500 |
| Donor Advised Charitable Giving | Education | 2021 | $5,500 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2020 | $12,094 |
| National Philanthropic Tr | Education | 2020 | $11,500 |
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Frequently asked questions
- Is Albertus Magnus College a legitimate nonprofit?
- Yes. Albertus Magnus College is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 06-0646520, based in New Haven, Connecticut. Donations are tax-deductible.
- What is Albertus Magnus College's EIN?
- Albertus Magnus College's Employer Identification Number (EIN) is 06-0646520.
- How much revenue does Albertus Magnus College report?
- Albertus Magnus College reported $62,216,973 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Albertus Magnus College's spending goes to programs?
- Albertus Magnus College spends about 84% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Albertus Magnus College have?
- CharityIndex grades Albertus Magnus College B, based on program efficiency and fundraising cost.
- How much does Albertus Magnus College's highest-paid employee make?
- The highest reported compensation on Albertus Magnus College's latest Form 990 is $482,595, paid to Marc M Camille Ed D (President/trustee).
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Data for Albertus Magnus College (EIN 06-0646520) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.