Mercy University
81% goes to programs $14 to raise $100 Strong reserves
Mercy University is a 501(c)(3) organization based in Dobbs Ferry, New York, registered in 1971, with $202,668,228 in FY2023 revenue. CharityIndex grades it A, and it directs about 81% of spending to programs.
555 Broadway, Dobbs Ferry, NY, 10522 EIN 13-1967321 Since 1971
Revenue (FY2023)
$202.7M
▲ 0.2% vs prior year
Education median: $200K
Expenses (FY2023)
$205.8M
Net assets
$445.4M
Employees
2,379
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 rating81% to programs · $14 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 Mercy University: 81% to programs · $14 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating26 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 Mercy University: 26 mo reserves · -2% 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 Mercy 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 Mercy University: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Educate students in liberal arts, sciences, business, education and professional programs.
Contact & location
- Address
- 555 Broadway, Dobbs Ferry, NY, 10522
- City
- Dobbs Ferry
- State
- New York
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $183.7M (FY2013) to $202.7M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $251.0MNet assets $445.4M
Operating margin
-1.5%
Spent more than it raised in the latest fiscal year.
Total assets
$696.4M
Total liabilities
$251.0M
Net assets
$445.4M
Salaries & benefits
$93.0M
45% of expenses
Board members
22
18 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $202,668,228▲0.2% | $205,782,061▲5.1% | $445,429,473▲3.8% | $696,385,098▲8.0% | 990 |
| 2022 | $202,318,053▼15.5% | $195,849,148▼6.3% | $429,300,965▲8.4% | $644,977,634▲2.9% | 990 |
| 2021 | $239,467,272▲16.7% | $209,020,071▲10.4% | $396,063,400▼3.7% | $626,665,016▼3.0% | 990 |
| 2020 | $205,211,477▼3.4% | $189,334,678▼5.4% | $411,202,227▲23.6% | $646,039,806▲56.9% | 990 |
| 2019 | $212,449,914▲21.8% | $200,133,232▲16.5% | $332,696,527▲0.8% | $411,742,949▲2.1% | 990 |
| 2018 | $174,426,915▼2.6% | $171,759,144▲1.7% | $330,192,708▲3.1% | $403,314,865▲0.6% | 990 |
| 2017 | $179,131,268▲0.2% | $168,886,496▲1.1% | $320,143,042▲6.9% | $400,802,892▲4.1% | 990 |
| 2016 | $178,807,503▼0.2% | $166,969,268▲0.4% | $299,545,681▲14.6% | $385,039,772▲10.9% | 990 |
| 2015 | $179,080,085▼5.8% | $166,257,735▲9.4% | $261,411,813▲3.3% | $347,309,887▲2.9% | 990 |
| 2014 | $190,204,601▲3.6% | $151,998,370▲0.8% | $253,055,061▲10.9% | $337,556,047▲22.0% | 990 |
| 2013 | $183,677,170 | $150,747,644▼1.6% | $228,090,447▲22.0% | $276,644,018▲17.6% | 990 |
| 2012 | — | $153,215,876▲4.5% | $187,035,264▲23.2% | $235,266,280▲18.1% | 990 |
| 2011 | — | $146,574,998▲6.4% | $151,853,259▲31.5% | $199,139,096▲25.8% | 990 |
| 2010 | — | $137,807,555▲9.4% | $115,469,174▲53.7% | $158,253,456▲29.7% | 990 |
| 2009 | — | $125,931,913 | $75,145,064 | $121,979,337 | 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: Timothy L Hall — $473,698 (0.23% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Timothy L Hall | Former President (thru 06/2023) | 35 | $473,698 |
| Eva Fernandez | Provost | 35 | $358,265 |
| Brett Carroll | Chief Financial Officer | 35 | $327,693 |
| Thomas Simmonds | Vp Operations & Facilities | 35 | $305,019 |
| Adam J Castro | Vp Admissions | 35 | $304,726 |
| Susan Parish | President (as of 07/2023) | 35 | $285,910 |
| Kevin Joyce | Vp Student Affairs | 35 | $268,716 |
| Camille Shelly | Chief Information Officer | 35 | $266,921 |
| Lloyd Gibson | Dean School of Business | 35 | $255,066 |
| Kristen Burke | General Counsel | 35 | $251,479 |
| Jessica L Haber | Chief of Staff | 35 | $249,495 |
| Bernadette Wade | Chief Advancement Officer | 35 | $248,624 |
| Scorpio K Rogers | Vp, Community Relations & Gov | 35 | $244,970 |
| Narda A Romero | Controller & Assistant Treasurer | 35 | $205,751 |
| Peter H West | Interim Provost | 35 | $194,964 |
| Joseph Gantz | Chairman | 1 | $27,930 |
| Michele A Quirolo | Trustee | 0 | $23,400 |
| Carlos S Passi | Trustee | 1 | $10,600 |
| Sarah A O'connor Esq | Trustee | 1 | $3,600 |
| Alex Ferrari | Trustee | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Ellucian Company LP | Information Technology | $4,091,617 |
| Familiar Creatures LLC | Advertising | $350,632 |
| Presidio Networked Solutions Group LLC | Cloud Security Consultants | $285,703 |
| Ai Media Group LLC | Marketing | $259,368 |
| Marks Paneth LLP | Accounting Services | $221,600 |
Grants received · $3.7M total
59 grants to Mercy University totaling $3.7M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Education | 2024 | $50,000 |
| White Plains Medical Center | Sponsorship | 2024 | $25,000 |
| Charities Aid Foundation America | Charitable donation | 2024 | $9,250 |
| American Online Giving Foundation Inc | General support | 2024 | $5,922 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $60,275 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Education | 2023 | $50,000 |
| The New York Community Trust | For a scholarship award. | 2023 | $31,000 |
| Education Development Center Inc | Ed r & d | 2023 | $23,625 |
| National Collegiate Athletic Association | Grants | 2023 | $20,641 |
| Charities Aid Foundation America | Charitable donation | 2023 | $13,500 |
| Donor Advised Charitable Giving | Education | 2023 | $9,500 |
| White Plains Medical Center | Sponsorship | 2023 | $7,500 |
| Food Bank For New York City | Program support | 2023 | $7,447 |
| Jewish Communal Fund | In furtherance of grantee's tax-exempt purpose | 2022 | $25,000 |
| Donor Advised Charitable Giving | Education | 2022 | $24,200 |
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Compare Mercy University
Frequently asked questions
- Is Mercy University a legitimate nonprofit?
- Yes. Mercy University is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 13-1967321, based in Dobbs Ferry, New York. Donations are tax-deductible.
- What is Mercy University's EIN?
- Mercy University's Employer Identification Number (EIN) is 13-1967321.
- How much revenue does Mercy University report?
- Mercy University reported $202,668,228 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Mercy University's spending goes to programs?
- Mercy University spends about 81% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Mercy University have?
- CharityIndex grades Mercy University A, based on program efficiency and fundraising cost.
- How much does Mercy University's highest-paid employee make?
- The highest reported compensation on Mercy University's latest Form 990 is $473,698, paid to Timothy L Hall (Former President (thru 06/2023)).
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Data for Mercy University (EIN 13-1967321) 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.