Marist University
91% goes to programs $29 to raise $100 Strong reserves Growing revenue
Marist University is a 501(c)(3) organization based in Poughkeepsie, New York, registered in 1970, with $379,482,585 in FY2023 revenue. CharityIndex grades it A, and it directs about 91% of spending to programs.
3399 North Rd, Poughkeepsie, NY, 12601 EIN 14-1442493 Since 1970
Revenue (FY2023)
$379.5M
▲ 14.0% vs prior year
Education median: $200K
Expenses (FY2023)
$334.0M
Net assets
$810.6M
Employees
3,748
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 rating91% to programs · $29 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 Marist University: 91% to programs · $29 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating29 mo reserves · +12% 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 Marist University: 29 mo reserves · +12% 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 Marist 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 Marist University: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Marist university is dedicated to helping develop the intellect, character (cont in schedule o)and skills required for enlightened, ethical, and productive lives in the global community of the 21st century.
What they do
Marist university provides a variety of auxiliary services to both its students and employees in support of its educational mission. as part of the student experience, marist offers a variety of university housing to over 3400 students in corridor, suite, apartment, and townhouse-style residences. the residential life program at marist is based upon the philosophy of providing students with a safe, healthy, and attractive living-learning environment that supports and supplements the educational mission of the university. (continued in schedule o)students are housed using a "rites of passage" philosophy, which recognizes that a student's development should be supported by his/her living environment, another large auxiliary function includes food service through both a resident and retail dining program. the resident dining operation provides food on a daily basis to over 3000 participants. the campus's retail cafes offer a wide selection of hot and cold drinks, soups, salads, sandwiches, and snacks. the campus dining experience is focused on culinary expertise, fresh local and regional ingredients, healthy options, and a shared sense of environmental and social responsibility. other campus auxiliary services include a bookstore, computer store, and a campus/community debit card account known as marist money. throughout all of the university's auxiliary services, an emphasis is placed on promoting sustainable practices where applicable and include, but are not limited to, educating faculty, staff, and students about the impact of their actions on the environment; identifying, establishing, and publicizing sustainability principles, goals, and best practices; providing a framework for guiding sustainable procedures, programs, and initiatives; and monitoring and reporting progress on campus sustainability initiatives. marist university voluntarily contributes to fairview fire district's annual fundraising campaign and contributes funds for capital improvement.form 990, part v, line 1a:amount reported in box 3 of form 1096marist university is reporting the number from form 1096, box 3, less the amount of forms 1098-t provided to students during the year. for 2023, there were 7,100 forms 1098-t issued.
Contact & location
- Address
- 3399 North Rd, Poughkeepsie, NY, 12601
- City
- Poughkeepsie
- State
- New York
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $275.5M (FY2013) to $379.5M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $271.3MNet assets $810.6M
Operating margin
12.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.1B
Total liabilities
$271.3M
Net assets
$810.6M
Salaries & benefits
$127.4M
38% of expenses
Board members
29
29 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $379,482,585▲14.0% | $334,047,767▲5.0% | $810,587,565▲9.3% | $1,081,904,140▲6.6% | 990 |
| 2022 | $333,001,492▲1.9% | $318,255,078▲6.3% | $741,330,712▲8.5% | $1,014,810,614▲5.3% | 990 |
| 2021 | $326,924,442▲2.4% | $299,264,350▲9.8% | $683,215,751▼2.8% | $963,437,518▲2.0% | 990 |
| 2020 | $319,351,046▲3.5% | $272,543,859▼3.2% | $702,737,083▲27.3% | $944,369,086▲17.2% | 990 |
| 2019 | $308,615,908▲1.3% | $281,437,399▲2.4% | $552,083,452▲4.4% | $805,930,849▲1.8% | 990 |
| 2018 | $304,626,300▲4.5% | $274,868,791▲6.2% | $528,634,408▲1.7% | $792,027,555▲6.6% | 990 |
| 2017 | $291,506,930▲11.6% | $258,781,040▲7.2% | $519,866,035▲4.8% | $742,916,221▲2.3% | 990 |
| 2016 | $261,112,953▲5.5% | $241,378,973▲5.2% | $496,154,363▲13.0% | $726,515,193▲7.5% | 990 |
| 2015 | $247,523,994▲3.5% | $229,495,006▲5.3% | $438,911,251▲0.6% | $675,898,618▼0.2% | 990 |
| 2014 | $239,267,618▼13.2% | $218,033,109▲4.8% | $436,317,673▲2.8% | $677,547,395▲19.5% | 990 |
| 2013 | $275,496,707 | $208,121,817▲6.6% | $424,237,522▲14.8% | $567,129,243▲9.7% | 990 |
| 2012 | — | $195,179,374▲7.5% | $369,417,820▲14.4% | $517,047,632▲12.9% | 990 |
| 2011 | — | $181,519,485▲3.0% | $322,986,236▲7.1% | $457,992,335 | 990 |
| 2010 | — | $176,156,465▲7.0% | $301,512,340▲13.3% | $458,016,639▲12.0% | 990 |
| 2009 | — | $164,613,705 | $266,126,954 | $408,948,613 | 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: Kevin Weinman — $972,219 (0.29% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Kevin Weinman | President | 50 | $972,219 |
| Dennis J Murray | President Emeritus | 50 | $806,967 |
| Geoffrey L Brackett | Exec. Vp For Ops & Comm. Relations | 50 | $443,251 |
| John Dunne | Head Coach, Men's Basketball | 50 | $411,838 |
| Sean P Kaylor | Vp of Admissions & Enrollment | 50 | $343,227 |
| Daryl Richard | Vp For Comm. & Mktg. | 50 | $341,758 |
| Catherine Kodat | Provost & Dean of Faculty | 50 | $334,402 |
| Elizabeth Veasey | Vp of Business Affairs/cfo | 50 | $334,187 |
| Michael Caputo | Vp of Information Technology/cio | 50 | $327,110 |
| Lee Miringoff | Director of Mipo | 50 | $323,475 |
| Thomas Wermuth | Vp of Academic Affairs | 50 | $322,766 |
| Christopher Delgiorno | Vp of College Advancement | 50 | $277,925 |
| Deborah Dicaprio | Vp/dean of Student Affairs | 50 | $269,144 |
| Roger Norton | Dean, Computer Science & Math | 50 | $266,793 |
| William Lamb | Dean, School of Management | 50 | $248,638 |
| Emily Saland - Vp of Strategic | Initiatives & Chief of Staff | 50 | $234,384 |
| Sima Saran Ahuja | General Counsel | 50 | $211,214 |
| John Ritschdorff | Assoc. Vp of Academic Affairs | 50 | $113,345 |
| Alvin Patrick | Trustee | 1 | — |
| Anthony Lorello | Trustee | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Pike Company Inc | Plant Construction | $28,519,764 |
| Sodexo Inc and Affiliates | Food Service | $6,157,558 |
| Compass Group USA Incorporated | Food Service | $6,039,628 |
| Umbrella Digital LLC | Digital Marketing | $2,040,000 |
| Mainline Information Systems Inc | It Services | $1,446,867 |
Grants received · $7.0M total
73 grants to Marist University totaling $7.0M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Endowment Foundation | Educational | 2024 | $200,000 |
| American Online Giving Foundation Inc | General support | 2024 | $128,479 |
| Charities Aid Foundation America | Charitable donation | 2024 | $48,622 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2024 | $20,000 |
| Paypal Charitable Giving Fund | General support | 2024 | $10,050 |
| National Collegiate Athletic Association | Grants/scholarships | 2023 | $429,804 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $140,811 |
| American Online Giving Foundation Inc | General support | 2023 | $119,483 |
| American Endowment Foundation | Educational | 2023 | $100,000 |
| Cabrini University | Transfer of michael & jennifer guzzardi scholarship for future stewardship | 2023 | $61,564 |
| Donor Advised Charitable Giving | Education | 2023 | $37,250 |
| Charities Aid Foundation America | Charitable donation | 2023 | $25,560 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2023 | $25,000 |
| Goldman Sachs Charitable Gift Fund | Educational programs & other student svc | 2023 | $25,000 |
| Goldman Sachs Charitable Gift Fund | Scholarships & financial aid | 2023 | $12,500 |
Grants made · $250K in FY2023
1 grant totaling $250K in FY2023. All grants made by Marist University →
| Recipient | Purpose | Amount |
|---|---|---|
| Fairview Fire District | Community assistance | $250,000 |
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Frequently asked questions
- Is Marist University a legitimate nonprofit?
- Yes. Marist University is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 14-1442493, based in Poughkeepsie, New York. Donations are tax-deductible.
- What is Marist University's EIN?
- Marist University's Employer Identification Number (EIN) is 14-1442493.
- How much revenue does Marist University report?
- Marist University reported $379,482,585 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Marist University's spending goes to programs?
- Marist University spends about 91% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Marist University have?
- CharityIndex grades Marist University A, based on program efficiency and fundraising cost.
- How much does Marist University's highest-paid employee make?
- The highest reported compensation on Marist University's latest Form 990 is $972,219, paid to Kevin Weinman (President).
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Explore more
Data for Marist University (EIN 14-1442493) 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.