Excelsior University
Only 57% goes to programs $91 to raise $100 Strong reserves
Excelsior University is a 501(c)(3) organization based in Albany, New York, registered in 1998, with $82,983,225 in FY2023 revenue. CharityIndex grades it B, and it directs about 57% of spending to programs.
7 Columbia Cir, Albany, NY, 12203 EIN 16-1532850 Since 1998
Revenue (FY2023)
$83.0M
▲ 11.5% vs prior year
Education median: $200K
Expenses (FY2023)
$77.0M
Net assets
$58.1M
Employees
954
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 rating57% to programs · $91 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 Excelsior University: 57% to programs · $91 to raise $100 earns a C on this criterion. See the exact thresholds →
AFinancial health25% of the rating9 mo reserves · +7% 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 Excelsior University: 9 mo reserves · +7% 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 Excelsior University: 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 Excelsior University: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Excelsior university provides educational opportunity to adult learners with an emphasis on those historically underrepresented in higher education. the university meets students where they are - academically and geographically, offering quality instruction and the assessment of prior learning.
What they do
Enrollment in higher education. during this period, 5,476 new students enrolled in the university while there were 11,904 actively enrolled students as of 6/30/24. 4,018 degrees were awarded from july 1, 2023 through june 30, 2024.
Contact & location
- Address
- 7 Columbia Cir, Albany, NY, 12203
- City
- Albany
- State
- New York
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $90.0M (FY2013) to $83.0M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $16.6MNet assets $58.1M
Operating margin
7.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$74.7M
Total liabilities
$16.6M
Net assets
$58.1M
Salaries & benefits
$47.9M
62% of expenses
Board members
13
13 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $82,983,225▲11.5% | $76,981,366▲9.9% | $58,131,826▲17.0% | $74,733,671▲8.2% | 990 |
| 2022 | $74,436,577▲3.7% | $70,026,821▼6.9% | $49,700,578▲12.6% | $69,059,242▲5.9% | 990 |
| 2021 | $71,809,518▼8.3% | $75,215,077▼1.9% | $44,128,836▼18.8% | $65,195,981▼17.5% | 990 |
| 2020 | $78,298,930▲3.2% | $76,656,661▲4.6% | $54,348,718▲15.5% | $78,995,635▲8.0% | 990 |
| 2019 | $75,887,251▼5.1% | $73,272,346▼2.1% | $47,049,280▲7.5% | $73,174,799▲5.7% | 990 |
| 2018 | $79,948,998▼7.8% | $74,833,487▼13.7% | $43,774,038▲16.2% | $69,203,012▲6.6% | 990 |
| 2017 | $86,749,302▼14.5% | $86,749,477▼12.6% | $37,666,227▲2.8% | $64,942,553▼2.6% | 990 |
| 2016 | $101,411,943▼4.5% | $99,258,639▼7.4% | $36,637,023▲8.7% | $66,692,370▼3.1% | 990 |
| 2015 | $106,142,047▲8.9% | $107,223,882▲13.0% | $33,709,207▼5.5% | $68,803,759▲9.1% | 990 |
| 2014 | $97,480,199▲8.4% | $94,887,466▲9.0% | $35,675,311▲6.9% | $63,085,662▲6.9% | 990 |
| 2013 | $89,961,552 | $87,089,955▲11.7% | $33,370,678▲11.5% | $58,988,876▲26.7% | 990 |
| 2012 | — | $77,999,272▲7.4% | $29,930,113▲13.5% | $46,555,847▲10.4% | 990 |
| 2011 | — | $72,627,650▲10.6% | $26,358,704▼6.2% | $42,181,339▼0.2% | 990 |
| 2010 | — | $65,683,265▲7.2% | $28,093,216▲1.6% | $42,249,646▼2.5% | 990 |
| 2009 | — | $61,288,812 | $27,648,694 | $43,327,755 | 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 (FY2023)
Highest-paid: David Schejbal — $583,902 (0.76% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| David Schejbal | President & Chief Executive Officer | 37.5 | $583,902 |
| Christopher Cassirer | Provost | 37.5 | $348,697 |
| Lorraine Williams | Chief of Staff | 37.5 | $288,249 |
| Francisco Azuola | Cio | 37.5 | $287,310 |
| Mark Howe | Vp of Human Resources | 37.5 | $279,244 |
| Richard Hannmann | Vice President For Finance and Cfo | 37.5 | $257,769 |
| Raul Nestor Galarza | Vice President of Enrollment Management and Marketing | 37.5 | $231,595 |
| Stephanie Poczos | Vice Provost, Academic Operations & Quality | 37.5 | $223,382 |
| Scott Dolan | Executive Dean, Clas | 37.5 | $203,322 |
| Michael Disiena | General Counsel | 37.5 | $186,172 |
| Daniel Pascoe Aguilar | Founding Director Csj/cdo | 37.5 | $183,942 |
| Robin Goodrich | Executive Dean, Cnhs Starting 8/2023 | 37.5 | $162,536 |
| Christine Thorpe | Executive Dean, Cnhs Until 8/2023 | 37.5 | $162,190 |
| Jamie Furgang | Avp - Dev&alumni Affairs | 37.5 | $160,051 |
| Karen Halaco | Sr Dir Hr Prog&comp Support | 37.5 | $152,155 |
| Tracy Caldwell | Assoc Dean- Liberal Arts | 37.5 | $135,196 |
| Alec Whitters | Board Member Until 7/8/2023 | 1.2 | — |
| Charlene Dukes | Vice Chair Until 12/31/2024 | 1.4 | — |
| Dan Greenstein | Board Member Until 12/31/2025 | 1.2 | — |
| David Baime | Board Member Until 12/31/2024 | 1.2 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Education Dynamics | Advertising Services | $2,541,950 |
| A Book Company LLC | Bookstore | $1,668,368 |
| Guild Education Inc | Partnership Revenue Share | $1,502,280 |
| Reup Education Inc | Partnership Revenue Share | $917,248 |
| Ellucian Company LP | Academic Online Service | $726,099 |
Grants received · $333K total
10 grants to Excelsior University totaling $333K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Online Giving Foundation Inc | General support | 2024 | $10,575 |
| American Online Giving Foundation Inc | General support | 2023 | $18,843 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $9,500 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $8,300 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2020 | $16,050 |
| Strada Education Foundation Inc | Matching gifts | 2018 | $9,000 |
| United Jewish Foundation | To support education | 2018 | $6,000 |
| Strada Education Foundation Inc | Operating grant | 2015 | $150,000 |
| Tulsa Community Foundation | Scholarship | 2015 | $5,000 |
| Donor Advised Charitable Giving | Education | 2014 | $100,000 |
Grants made · $25K in FY2023
1 grant totaling $25K in FY2023. All grants made by Excelsior University →
| Recipient | Purpose | Amount |
|---|---|---|
| Army War College Foundation Incorporated | To help support the mission of the foundation. army war college 990 description of mission: the foundation engages in charitable and educational endeavors, to support educational programs of the us army war college and its graduates. | $25,000 |
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Frequently asked questions
- Is Excelsior University a legitimate nonprofit?
- Yes. Excelsior University is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 16-1532850, based in Albany, New York. Donations are tax-deductible.
- What is Excelsior University's EIN?
- Excelsior University's Employer Identification Number (EIN) is 16-1532850.
- How much revenue does Excelsior University report?
- Excelsior University reported $82,983,225 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Excelsior University's spending goes to programs?
- Excelsior University spends about 57% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Excelsior University have?
- CharityIndex grades Excelsior University B, based on program efficiency and fundraising cost.
- How much does Excelsior University's highest-paid employee make?
- The highest reported compensation on Excelsior University's latest Form 990 is $583,902, paid to David Schejbal (President & Chief Executive Officer).
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Data for Excelsior University (EIN 16-1532850) 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.