College of Saint Rose
Only 0% goes to programs $0 to raise $100 Thin reserves Declining revenue
College of Saint Rose is a 501(c)(3) organization based in Albany, New York, registered in 1938, with -$38,829,359 in FY2024 revenue. CharityIndex grades it C, and it directs about 0% of spending to programs.
432 Western Ave, Albany, NY, 12203 EIN 14-1338371 Since 1938
Revenue (FY2024)
-$38.8M
▼ 160.1% vs prior year
Education median: $200K
Expenses (FY2024)
$16.3M
Net assets
-$5.4M
Employees
763
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
★★★★
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 →C+Program efficiency40% of the rating0% to programs · $0 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 College of Saint Rose: 0% to programs · $0 to raise $100 earns a C+ on this criterion. See the exact thresholds →
FFinancial health25% of the rating0 mo reserves · -142% 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 College of Saint Rose: 0 mo reserves · -142% margin earns a F on this criterion. See the exact thresholds →
AGovernance25% of the rating5 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 College of Saint Rose: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
ATransparency10% of the rating4 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 College of Saint Rose: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To provide higher educational opportunities.
Contact & location
- Address
- 432 Western Ave, Albany, NY, 12203
- City
- Albany
- State
- New York
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $117.2M (FY2013) to -$38.8M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $32.9MNet assets -$5.4M
Operating margin
-142.0%
Spent more than it raised in the latest fiscal year.
Total assets
$27.5M
Total liabilities
$32.9M
Net assets
-$5.4M
Salaries & benefits
$3.2M
20% of expenses
Board members
23
23 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | -$38,829,359▼160% | $16,302,681▼81.9% | -$5,394,904▼111% | $27,491,482▼73.9% | 990 |
| 2023 | $64,627,312▼21.6% | $90,164,140▼7.1% | $49,737,136▼34.9% | $105,135,190▼25.4% | 990 |
| 2022 | $82,405,264▼22.9% | $97,032,393▼13.1% | $76,418,155▼16.2% | $140,950,015▼8.8% | 990 |
| 2021 | $106,946,732▼12.0% | $111,596,733▼7.3% | $91,191,065▼9.9% | $154,535,145▼7.2% | 990 |
| 2020 | $121,507,567▲3.1% | $120,376,092▼6.6% | $101,171,782▲6.5% | $166,488,955▲3.6% | 990 |
| 2019 | $117,835,343▼3.6% | $128,855,871▼1.6% | $94,966,724▼10.2% | $160,673,858▼7.4% | 990 |
| 2018 | $122,267,765▼1.6% | $130,973,073▲7.2% | $105,776,221▼8.1% | $173,444,011▼4.8% | 990 |
| 2017 | $124,286,131▲5.4% | $122,233,102▲0.4% | $115,058,512▼1.1% | $182,166,836▼2.7% | 990 |
| 2016 | $117,963,275▲0.2% | $121,749,406▼0.6% | $116,376,256▼0.4% | $187,149,017▼1.8% | 990 |
| 2015 | $117,773,680▼1.5% | $122,500,947▲0.8% | $116,795,425▼6.4% | $190,595,886▼6.1% | 990 |
| 2014 | $119,523,821▲2.0% | $121,566,732▲0.2% | $124,745,011▼3.7% | $202,962,129▼2.9% | 990 |
| 2013 | $117,208,760 | $121,317,350▲3.7% | $129,587,374▲0.6% | $209,026,275 | 990 |
| 2012 | — | $117,010,812▲0.5% | $128,753,929▲5.6% | $209,104,302▼1.0% | 990 |
| 2011 | — | $116,384,079▲4.6% | $121,885,445▼3.8% | $211,277,966▲12.4% | 990 |
| 2010 | — | $111,277,832▲5.6% | $126,656,802▲9.6% | $188,007,114▲6.2% | 990 |
| 2009 | — | $105,387,027 | $115,573,885 | $177,026,612 | 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: Dr Margaret Mclane — $348,905 (2.14% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Dr Margaret Mclane | Provost/vp Academic Affairs | 40 | $348,905 |
| Ms Debra Lee Polley | Vp Finance/admin/treasurer | 40 | $342,803 |
| Ms Marcia J White | President | 40 | $340,285 |
| Ms Elizabeth Haley Thomson | Secretary/chief of Staff | 40 | $296,655 |
| Mr Jeffrey Knapp | Vice President (jan-jun) | 40 | $202,855 |
| Mr Richard Matacchiero | Comptroller | 40 | $160,060 |
| Dr Ian Macdonald | Dean Math/science | 40 | $139,309 |
| Dr Gerald Lorentz | Dean School of Arts and Humanities | 40 | $132,712 |
| Ms Jennifer Richardson | Vp Wind-down Operations | 40 | $113,225 |
| Dr Kathleen Sullivan Ricker | Trustee | 1 | — |
| Dr Lee A Mcelroy | Trustee | 1 | — |
| Mr Daniel P Nolan | Trustee | 3 | — |
| Mr George R Hearst III | Trustee | 3 | — |
| Mr Harold L Williams | Trustee | 1 | — |
| Mr I Norman Massry | Trustee | 3 | — |
| Mr James J Barba | Trustee | 3 | — |
| Mr James J Sandman | Trustee | 3 | — |
| Mr Jeffrey D Stone | Chair | 10 | — |
| Mr Matthew H Mataraso | Trustee | 1 | — |
| Ms Denise M Dinoto | Trustee | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Sodexo | Food Service Management | $2,990,412 |
| Fti | Professional Services | $1,727,106 |
| Cullen and Dykman LLP | Professional Services | $856,480 |
| Usherwood Office Tech | Mail and Printing Services | $369,357 |
| Ellucian Company LLC | Network Services | $306,798 |
Grants received · $1.3M total
40 grants to College of Saint Rose totaling $1.3M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2024 | $15,000 |
| National Philanthropic Tr | Public, societal benefit | 2023 | $50,000 |
| National Collegiate Athletic Association | Grants | 2023 | $20,641 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $10,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $357,000 |
| Boston Foundation Inc | Operating support/annual fund | 2022 | $60,000 |
| National Philanthropic Tr | Education | 2022 | $50,000 |
| National Collegiate Athletic Association | Grants | 2022 | $14,660 |
| The Blackbaud Giving Fund | General support | 2022 | $11,650 |
| National Collegiate Athletic Association | Scholarships/grants | 2021 | $26,432 |
| American Online Giving Foundation Inc | General support | 2021 | $20,394 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2021 | $15,000 |
| American Endowment Foundation | Educational | 2021 | $11,000 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2021 | $10,000 |
| Boston Foundation Inc | Scholarship | 2021 | $10,000 |
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Frequently asked questions
- Is College of Saint Rose a legitimate nonprofit?
- Yes. College of Saint Rose is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 14-1338371, based in Albany, New York. Donations are tax-deductible.
- What is College of Saint Rose's EIN?
- College of Saint Rose's Employer Identification Number (EIN) is 14-1338371.
- How much revenue does College of Saint Rose report?
- College of Saint Rose reported -$38,829,359 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of College of Saint Rose's spending goes to programs?
- College of Saint Rose spends about 0% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does College of Saint Rose have?
- CharityIndex grades College of Saint Rose C, based on program efficiency and fundraising cost.
- How much does College of Saint Rose's highest-paid employee make?
- The highest reported compensation on College of Saint Rose's latest Form 990 is $348,905, paid to Dr Margaret Mclane (Provost/vp Academic Affairs).
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Data for College of Saint Rose (EIN 14-1338371) 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.