Daemen University
92% goes to programs $6 to raise $100 Strong reserves
Daemen University is a 501(c)(3) organization based in Amherst, New York, registered in 1951, with $92,503,760 in FY2024 revenue. CharityIndex grades it A+, and it directs about 92% of spending to programs.
4380 Main St, Amherst, NY, 14226 EIN 16-0759798 Since 1951
Revenue (FY2024)
$92.5M
▼ 0.7% vs prior year
Education median: $200K
Expenses (FY2024)
$91.6M
Net assets
$50.3M
Employees
1,321
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A+
A+Program efficiency40% of the rating92% to programs · $6 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 Daemen University: 92% to programs · $6 to raise $100 earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating7 mo reserves · +1% 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 Daemen University: 7 mo reserves · +1% 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 Daemen University: 6 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 Daemen University: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Education - private, independent university. the mission of daemen university is to prepare creative, ethically-minded leaders for a diverse and interconnected world by integrating the intellectual strengths acquired through the liberal arts with the preparation necessary for professional excellence to make meaningful contributions to society.
Contact & location
- Address
- 4380 Main St, Amherst, NY, 14226
- City
- Amherst
- State
- New York
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $71.1M (FY2013) to $92.5M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $36.4MNet assets $50.3M
Operating margin
1.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$86.7M
Total liabilities
$36.4M
Net assets
$50.3M
Salaries & benefits
$35.9M
39% of expenses
Board members
28
26 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $92,503,760▼0.7% | $91,579,144▼1.3% | $50,265,395▲1.9% | $86,714,837▲3.0% | 990 |
| 2023 | $93,127,130▲7.3% | $92,764,292▲7.1% | $49,327,454▲2.6% | $84,222,864▲3.1% | 990 |
| 2022 | $86,763,348▼2.4% | $86,606,944▲1.8% | $48,073,877▼0.9% | $81,683,749▼1.6% | 990 |
| 2021 | $88,907,221▲7.3% | $85,037,434▲6.2% | $48,488,720▲1.9% | $83,009,537▲1.1% | 990 |
| 2020 | $82,827,947▲6.4% | $80,060,359▲2.6% | $47,580,188▲11.2% | $82,117,002▲5.3% | 990 |
| 2019 | $77,822,887▲4.1% | $77,999,943▲1.9% | $42,774,395▼1.1% | $77,974,744▼1.5% | 990 |
| 2018 | $74,762,772▼1.5% | $76,547,391▲1.7% | $43,248,600▼9.3% | $79,154,597▼5.9% | 990 |
| 2017 | $75,892,741▲1.8% | $75,252,131▼1.5% | $47,697,167▲7.6% | $84,080,952▲0.9% | 990 |
| 2016 | $74,524,954▲0.3% | $76,376,148▲3.3% | $44,325,032▲2.8% | $83,317,467▼0.6% | 990 |
| 2015 | $74,285,791▼0.5% | $73,907,622▲3.6% | $43,127,682▼3.0% | $83,807,146▼6.4% | 990 |
| 2014 | $74,661,376▲5.0% | $71,360,458▲5.1% | $44,469,282▲7.3% | $89,541,423▲2.9% | 990 |
| 2013 | $71,104,111 | $67,888,153▲5.5% | $41,435,577▲13.3% | $87,022,136▲4.6% | 990 |
| 2012 | — | $64,319,152▲0.6% | $36,579,133▲16.6% | $83,195,227▲2.1% | 990 |
| 2011 | — | $63,917,421▲15.6% | $31,369,943▼7.7% | $81,470,680 | 990 |
| 2010 | — | $55,272,181 | $33,992,287 | $81,474,315 | 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 Gary A Olson — $542,315 (0.59% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Dr Gary A Olson | President | 40 | $542,315 |
| Dr Michael Brogan | Executive Vice President For Academic Affairs and Provost | 40 | $184,765 |
| Diane Bessel Matteson | Associate Professor | 40 | $154,652 |
| Melaine Kenyon | Vp of Information Technology | 40 | $131,939 |
| Mimi Steadman | Vice President For Strategic Initiatives | 40 | $128,684 |
| Heather Maloney-stassen | Founding Dean & Vice Provost | 40 | $124,476 |
| Mario Hicks | Vp of Institutional Advancement | 40 | $123,600 |
| Gregory Ford | Dean of the Scott Bieler College of Health Professions | 40 | $119,680 |
| Traci Murphy | Vice President For Athletics | 40 | $114,935 |
| Elizabeth Wright | Avp of Academic Relations | 40 | $113,645 |
| Kerry Spicer | Vice Pres. For Student Affairs & Dean of Students | 40 | $112,099 |
| Jacquelyn Dole | Avp of Business Affairs & Controller | 40 | $110,577 |
| Thomas Wojciechowski | Executive Director of Web Communications | 40 | $102,282 |
| Michael Ross | Trustee | 40 | $92,038 |
| Tiffany Hamilton | Vp Institutional Equity & Belonging & Heop Director | 40 | $90,423 |
| Robert Rood | Vp of Business Affairs | 40 | $86,960 |
| Timothy Balkin | Vice President of Business Affairs | 40 | $82,277 |
| Lisa A Arida | Avp of Business Affairs & Cont. | 40 | $70,199 |
| Alan Gracie | Trustee | 0.4 | — |
| Alan Turner II | Trustee | 0.4 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Aes De Rs III LLC | Solar Energy Provider | $431,617 |
| Energymark LLC | Utility Supplier | $247,307 |
| Hodgson Russ LLP | Legal Services | $188,690 |
| Adpro Sports LLC | Athletic Gear | $126,007 |
| Tarian Group LLC | Campus Safety | $102,137 |
Grants received · $570K total
28 grants to Daemen University totaling $570K, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Community Foundation For Greater Buffalo Inc | Charitable support. any restrictions have been communicated to the grantee. | 2024 | $20,000 |
| Columbus Foundation | Education | 2024 | $15,000 |
| Community Foundation For Greater Buffalo Inc | Charitable support. any restrictions have been communicated to the grantee. | 2023 | $29,000 |
| National Collegiate Athletic Association | Grants | 2023 | $20,641 |
| National Collegiate Athletic Association | Grants | 2022 | $14,660 |
| Community Foundation For Greater Buffalo Inc | Unrestricted use; scholarship fund; institute for mobility innovation & technology (imit); youth track and field program | 2021 | $59,321 |
| National Collegiate Athletic Association | Scholarships/grants | 2021 | $16,932 |
| Community Foundation For Greater Buffalo Inc | Unrestricted use; scholarship drive; daemen olympic camp; in loving memory | 2020 | $16,925 |
| National Collegiate Athletic Association | Scholarships/grants/sponsorship | 2020 | $11,116 |
| Donor Advised Charitable Giving | Education | 2020 | $10,000 |
| Donor Advised Charitable Giving | Education | 2020 | $10,000 |
| Greater Houston Community Foundation | Please list this grant as coming from elizabeth and joseph ivers. | 2020 | $5,000 |
| Greater Houston Community Foundation | This grant is for the elizabeth ivers scholarship. please list this grant as coming from elizabeth and joseph ivers. | 2020 | $500 |
| National Collegiate Athletic Association | Scholarships/grants/sponsorship | 2019 | $33,099 |
| Kaleida Health | Sponsorship sponsorship | 2019 | $5,200 |
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Compare Daemen University
Frequently asked questions
- Is Daemen University a legitimate nonprofit?
- Yes. Daemen University is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 16-0759798, based in Amherst, New York. Donations are tax-deductible.
- What is Daemen University's EIN?
- Daemen University's Employer Identification Number (EIN) is 16-0759798.
- How much revenue does Daemen University report?
- Daemen University reported $92,503,760 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Daemen University's spending goes to programs?
- Daemen University spends about 92% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Daemen University have?
- CharityIndex grades Daemen University A+, based on program efficiency and fundraising cost.
- How much does Daemen University's highest-paid employee make?
- The highest reported compensation on Daemen University's latest Form 990 is $542,315, paid to Dr Gary A Olson (President).
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Explore more
Data for Daemen University (EIN 16-0759798) 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.