Iona University
90% goes to programs $11 to raise $100 Strong reserves Growing revenue
Iona University is a 501(c)(3) organization based in New Rochelle, New York, registered in 2014, with $194,178,098 in FY2023 revenue. CharityIndex grades it A, and it directs about 90% of spending to programs.
715 North Ave Mcspedon Hall, New Rochelle, NY, 10801 EIN 13-3508093 Since 2014
Revenue (FY2023)
$194.2M
▲ 5.9% vs prior year
Education median: $200K
Expenses (FY2023)
$198.7M
Net assets
$340.9M
Employees
1,697
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 rating90% to programs · $11 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 Iona University: 90% to programs · $11 to raise $100 earns a A on this criterion. See the exact thresholds →
B+Financial health25% of the rating21 mo reserves · -2% 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 Iona University: 21 mo reserves · -2% margin earns a B+ 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 Iona 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 Iona University: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Iona university is a catholic university comprised of a diverse community of learners & scholars dedicated to academic excellence in the tradition of the christian brothers.
What they do
Student services - other academic and student support activities are provided for enrolled students and in support of faculty scholarship consistent with standards established by the new york state education department, the commission of higher education of the middle states association of schools and colleges and best practices in american higher education. these include fully staffed and operational libraries, a career development center, counseling center, health services center, it support center, faculty training center, tutoring and academic support center, campus ministries office, athletics department, and student development office servicing clubs, student government, student media and student recreation.
Auxiliary enterprises - iona university provides ancillary auxiliary services to both its student population and its employee base in an effort to support its educational mission: 1) residential services - as part of the student experience, iona university offers on-campus residence hall housing and related services. the primary goal of iona's residential life program is to provide a safe, secure and comfortable environment where academic success, as well as the social, emotional, spiritual, physical and cultural development of each resident, is facilitated. 2) bookstore - the university has an on-campus bookstore where students can purchase textbooks, study aids, electronics, software, stationery and related hard goods. 3) food service/cafeteria - the university has an on-campus cafeteria that is committed to providing quality and nutritious food with exceptional service. resident students and commuters may participate in the full meal plan offered at iona university.
Contact & location
- Address
- 715 North Ave Mcspedon Hall, New Rochelle, NY, 10801
- City
- New Rochelle
- State
- New York
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $151.4M (FY2013) to $194.2M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $138.9MNet assets $340.9M
Operating margin
-2.3%
Spent more than it raised in the latest fiscal year.
Total assets
$479.8M
Total liabilities
$138.9M
Net assets
$340.9M
Salaries & benefits
$75.2M
38% of expenses
Board members
32
31 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $194,178,098▲5.9% | $198,656,772▲7.4% | $340,895,835▲6.7% | $479,837,822▲6.4% | 990 |
| 2022 | $183,290,865▲3.0% | $184,921,114▲5.0% | $319,366,476▲4.2% | $450,915,510▲1.7% | 990 |
| 2021 | $177,877,196▲8.0% | $176,036,683▲8.0% | $306,512,278▼3.2% | $443,220,124▲4.1% | 990 |
| 2020 | $164,703,199▲3.7% | $162,970,593▲1.0% | $316,721,708▲16.9% | $425,606,322▲9.7% | 990 |
| 2019 | $158,822,357▼5.9% | $161,328,353▼1.5% | $270,996,935▲0.5% | $387,967,528▲2.4% | 990 |
| 2018 | $168,780,145▲1.8% | $163,786,398▲1.3% | $269,542,537▲5.6% | $378,834,737▲3.7% | 990 |
| 2017 | $165,838,955▼10.8% | $161,718,971▲1.3% | $255,200,202▲5.7% | $365,444,110▲3.3% | 990 |
| 2016 | $185,947,266▲7.4% | $159,569,631▲8.2% | $241,533,776▲19.3% | $353,614,803▲10.2% | 990 |
| 2015 | $173,058,188▲14.3% | $147,482,028▲4.6% | $202,519,159▲13.7% | $320,869,595▲9.9% | 990 |
| 2014 | $151,450,009 | $141,030,713▲1.7% | $178,169,281▲5.5% | $291,865,815▲25.2% | 990 |
| 2013 | $151,435,135 | $138,689,972▲4.1% | $168,901,192▲16.3% | $233,169,950▲15.5% | 990 |
| 2012 | — | $133,200,209▲1.3% | $145,235,883▲6.9% | $201,825,197▲7.5% | 990 |
| 2011 | — | $131,445,163▲5.9% | $135,890,303▲1.6% | $187,702,399▲2.0% | 990 |
| 2010 | — | $124,083,838▲4.2% | $133,727,989▲13.2% | $184,087,443▲8.7% | 990 |
| 2009 | — | $119,116,945 | $118,171,190 | $169,294,829 | 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: Dr Seamus Carey — $873,550 (0.44% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Dr Seamus Carey | President | 65 | $873,550 |
| Tobin Anderson | Head Coach - Mens Basketball | 50 | $607,057 |
| Tricia Mulligan Phd | Provost&svp, Academic Affairs | 50 | $322,787 |
| Michael Smeriglio | Vp Facilities and Campus Oper. | 50 | $320,869 |
| Kavita Dhanwada | Dean of the Ny-presbyterian | 50 | $316,555 |
| Kevin O'sullivan | Svp, Enrollment&student Affair | 50 | $306,968 |
| Nathaniel J Kane | Svp, Finance & Administration | 50 | $295,662 |
| Sandy A Curko | General Counsel | 50 | $263,683 |
| Timothy Cluess | Advisor To the Pres.&athletics | 50 | $261,965 |
| Laura Doherty | Svp, Advn & External Affairs | 50 | $241,167 |
| Maryellen Callaghan | Svp, Strategic Init&board Sec | 50 | $240,535 |
| Joseph Stabile | Dean School of Arts & Science | 50 | $219,967 |
| Mary Clare Reilley | Svp, Marketing & Communication | 50 | $206,710 |
| Matthew Glovaski | Director of Athletics | 50 | $201,486 |
| Al Kelly | Trustee | 1 | — |
| Andrew J Dolce | Trustee | 1 | — |
| Anita Iaco | Trustee | 1 | — |
| Armando Rodriguez Jr | Trustee | 1 | — |
| Bartley F Livolsi | Trustee | 1 | — |
| Bob Mehmel | Trustee | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Chartwells Dining Services | Food Services | $8,841,843 |
| Consigli Construction Co Inc | Construction | $7,477,031 |
| Follett Higher Education Group LLC | Retail | $2,004,380 |
| Ap Construction Co Inc | Construction | $1,905,079 |
| Carnegie Dartlet | Marketing | $730,842 |
Grants received · $32.1M total
102 grants to Iona University totaling $32.1M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Jewish Communal Fund | In furtherance of grantee's tax-exempt purpose | 2024 | $610,000 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Education | 2024 | $225,000 |
| The New York Community Trust | For general support. | 2024 | $50,000 |
| Ayco Charitable Foundation | Education | 2024 | $27,000 |
| American Online Giving Foundation Inc | General support | 2024 | $25,030 |
| Community Foundation of New Jersey | Universities, graduate schools or law schools | 2024 | $15,000 |
| Bny Mellon Charitable Gift Fund | To further the organization's exempt purpose | 2024 | $10,000 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2024 | $9,180 |
| The New York Community Trust | For a scholarship award. | 2024 | $6,250 |
| Jewish Communal Fund | In furtherance of grantee's tax-exempt purpose | 2023 | $850,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $392,750 |
| National Collegiate Athletic Association | Grants/scholarships | 2023 | $282,288 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Education | 2023 | $281,000 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $107,500 |
| Greater Washington Community Foundation | General support | 2023 | $100,000 |
Grants made · $10K in FY2014
1 grant totaling $10K in FY2014. All grants made by Iona University →
| Recipient | Purpose | Amount |
|---|---|---|
| Hope Community Services Inc | Community | $10,350 |
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Frequently asked questions
- Is Iona University a legitimate nonprofit?
- Yes. Iona University is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 13-3508093, based in New Rochelle, New York. Donations are tax-deductible.
- What is Iona University's EIN?
- Iona University's Employer Identification Number (EIN) is 13-3508093.
- How much revenue does Iona University report?
- Iona University reported $194,178,098 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Iona University's spending goes to programs?
- Iona University spends about 90% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Iona University have?
- CharityIndex grades Iona University A, based on program efficiency and fundraising cost.
- How much does Iona University's highest-paid employee make?
- The highest reported compensation on Iona University's latest Form 990 is $873,550, paid to Dr Seamus Carey (President).
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Data for Iona University (EIN 13-3508093) 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.