Hobart and William Smith Colleges
86% goes to programs $8 to raise $100 Strong reserves Growing revenue
Hobart and William Smith Colleges is a 501(c)(3) organization based in Geneva, New York, registered in 1946, with $193,392,614 in FY2023 revenue. CharityIndex grades it A, and it directs about 86% of spending to programs.
300 Pulteney St, Geneva, NY, 14456 EIN 16-0743040 Since 1946
Revenue (FY2023)
$193.4M
▲ 30.1% vs prior year
Education median: $200K
Expenses (FY2023)
$184.3M
Net assets
$363.3M
Employees
1,646
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating86% to programs · $8 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 Hobart and William Smith Colleges: 86% to programs · $8 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating24 mo reserves · +5% 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 Hobart and William Smith Colleges: 24 mo reserves · +5% 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 Hobart and William Smith Colleges: 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 Hobart and William Smith Colleges: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Hobart and william smith prepares students to lead lives of consequence.
Contact & location
- Address
- 300 Pulteney St, Geneva, NY, 14456
- City
- Geneva
- State
- New York
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $161.8M (FY2013) to $193.4M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $77.4MNet assets $363.3M
Operating margin
4.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$440.7M
Total liabilities
$77.4M
Net assets
$363.3M
Salaries & benefits
$58.0M
31% of expenses
Board members
35
34 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $193,392,614▲30.1% | $184,349,806▲8.7% | $363,299,560▲6.3% | $440,720,919▲4.9% | 990 |
| 2022 | $148,635,041▼17.2% | $169,572,497▲4.6% | $341,647,792▼2.2% | $419,967,529▼2.3% | 990 |
| 2021 | $179,596,964▲9.0% | $162,105,656▲6.5% | $349,346,554▼13.8% | $429,979,096▼12.7% | 990 |
| 2020 | $164,697,451▲1.5% | $152,172,651▼6.3% | $405,105,169▲25.5% | $492,561,526▲19.9% | 990 |
| 2019 | $162,311,021▼0.6% | $162,452,019▼5.9% | $322,891,166▼0.3% | $410,660,089▲0.6% | 990 |
| 2018 | $163,264,763▼8.3% | $172,588,397▲1.9% | $324,025,074▼1.4% | $408,333,068▼2.3% | 990 |
| 2017 | $178,113,378▲5.4% | $169,317,971▲7.1% | $328,780,785▲4.5% | $417,824,892▲2.7% | 990 |
| 2016 | $169,059,652▲13.6% | $158,044,590▲2.1% | $314,658,079▲10.5% | $407,007,436▲7.5% | 990 |
| 2015 | $148,775,378▼8.3% | $154,744,939▼0.5% | $284,645,525▼5.3% | $378,644,961▼5.0% | 990 |
| 2014 | $162,329,871▲0.3% | $155,482,852▲5.8% | $300,672,078▼1.3% | $398,684,463▼1.2% | 990 |
| 2013 | $161,787,393 | $146,922,771▲4.2% | $304,594,098▲7.7% | $403,339,294▲10.1% | 990 |
| 2012 | — | $141,055,145▲1.1% | $282,690,568▲9.0% | $366,308,043▲6.0% | 990 |
| 2011 | — | $139,489,130▲9.2% | $259,255,723▼10.2% | $345,447,995▼7.1% | 990 |
| 2010 | — | $127,734,507 | $288,640,895 | $371,807,706 | 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: Mark Gearan — $585,088 (0.32% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Mark Gearan | President | 50 | $585,088 |
| Robert O'connor | Vp and Senior Philanthropic Advisor | 50 | $261,539 |
| Sarah Kirk | Provost and Dean of Faculty | 50 | $260,003 |
| Mark Edwards | Vp Finance & Administratio | 50 | $258,976 |
| Catherine Williams | Vp Marketing & Communications | 50 | $224,961 |
| Alfred Damiano | Vp Strategic Initiatives and Cio | 50 | $220,237 |
| Louis Guard | Gen Counsel & Asst Sec | 50 | $194,202 |
| Becca Barile | Vp of Campus Life and Director of the Master of Ar | 50 | $173,950 |
| Samari Brown | Student Trustee, Through May 2024 | 2 | $9,935 |
| Jesse Whelan-small | Student Trustee, Through May 2024 | 2 | $1,722 |
| Aileen Diviney Gleason | Trustee | 2 | — |
| Allison Morrow | Trustee | 2 | — |
| Andrew G Mcmaster Jr | Trustee | 2 | — |
| Andrew L Gaines | Trustee | 2 | — |
| Calvin R Carver Jr | Trustee/treasurer | 5 | — |
| Cassandra Naylor Brooks | Trustee/vice Chair | 5 | — |
| Craig R Stine | Trustee/chair | 5 | — |
| Dr Kirra Guard | Trustee | 2 | — |
| Dr Margueritte S Murphy | Trustee | 2 | — |
| Dr Paula Miltenberger | Trustee | 2 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Sodexo Inc and Affiliates | Dining, Facilities, and Maintenance Serv | $15,149,404 |
| The Pike Company | Construction | $1,690,130 |
| Leo J Roth Corporation | Mechanical Upgrades | $982,800 |
| Diamond and Thiel Construction Co Inc | Construction | $970,475 |
| Clark Companies | Construction | $836,299 |
Grants received · $10.7M total
170 grants to Hobart and William Smith Colleges totaling $10.7M, reported by foundations on their Schedule I filings — showing the 15 most recent.
Grants made · $238K in FY2023
2 grants totaling $238K in FY2023. All grants made by Hobart and William Smith Colleges →
| Recipient | Purpose | Amount |
|---|---|---|
| City of Geneva | Contribution | $227,925 |
| Committee On Firematic Activities Division of Geneva Vol Fire Depts | Contribution | $10,000 |
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Frequently asked questions
- Is Hobart and William Smith Colleges a legitimate nonprofit?
- Yes. Hobart and William Smith Colleges is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 16-0743040, based in Geneva, New York. Donations are tax-deductible.
- What is Hobart and William Smith Colleges's EIN?
- Hobart and William Smith Colleges's Employer Identification Number (EIN) is 16-0743040.
- How much revenue does Hobart and William Smith Colleges report?
- Hobart and William Smith Colleges reported $193,392,614 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Hobart and William Smith Colleges's spending goes to programs?
- Hobart and William Smith Colleges spends about 86% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Hobart and William Smith Colleges have?
- CharityIndex grades Hobart and William Smith Colleges A, based on program efficiency and fundraising cost.
- How much does Hobart and William Smith Colleges's highest-paid employee make?
- The highest reported compensation on Hobart and William Smith Colleges's latest Form 990 is $585,088, paid to Mark Gearan (President).
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Data for Hobart and William Smith Colleges (EIN 16-0743040) 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.