Mount Saint Mary College
87% goes to programs $8 to raise $100 Strong reserves
Mount Saint Mary College is a 501(c)(3) organization based in Newburgh, New York, registered in 1946, with $86,163,480 in FY2023 revenue. CharityIndex grades it A, and it directs about 87% of spending to programs.
330 Powell Ave, Newburgh, NY, 12550 EIN 14-1468399 Since 1946
Revenue (FY2023)
$86.2M
▲ 6.6% vs prior year
Education median: $200K
Expenses (FY2023)
$80.6M
Net assets
$127.0M
Employees
853
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 rating87% 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 Mount Saint Mary College: 87% to programs · $8 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating19 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 Mount Saint Mary College: 19 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 Mount Saint Mary College: 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 Mount Saint Mary College: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
The college is an independent, coeducational institution committed to providing students with a liberal arts education to prepare them for lives of leadership and service. through a variety of majors and professional programs, students are also prepared for career entry or graduate and professional studies.
What they do
Room and board: the college seeks to offer our students inclusive communities, social, and educational opportunities, and safe and well-maintained residence facilities. all of our residence halls are newly built or recently renovated. approximately 394 students call our residence halls home.
Bishop dunn memorial school: elementary school operations, an adjunct facility on the mount saint mary college campus, where the mount's education students assist and observe in teaching, and may complete field work. this on-campus school is a combined elementary school and middle school for pre-k through grade 8 students. it offers a variety of programs, including enrichment for honors students, special education, virtual field trips and other creative uses of technology. individually gifted programs, on both primary and middle levels, are conducted here, as well as classes for children with learning disabilities.
Other sources of income such as community education, summer camps, and indirect cost recovery.
Contact & location
- Address
- 330 Powell Ave, Newburgh, NY, 12550
- City
- Newburgh
- State
- New York
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $71.3M (FY2013) to $86.2M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $48.0MNet assets $127.0M
Operating margin
6.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$175.1M
Total liabilities
$48.0M
Net assets
$127.0M
Salaries & benefits
$29.8M
37% of expenses
Board members
19
19 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $86,163,480▲6.6% | $80,555,688▼0.3% | $127,011,444▼3.2% | $175,053,841▼3.8% | 990 |
| 2022 | $80,826,221▲16.2% | $80,803,480▲7.0% | $131,245,067▼5.3% | $181,995,919▼5.5% | 990 |
| 2021 | $69,539,396▼20.4% | $75,548,934▼6.6% | $138,631,869▼12.9% | $192,615,143▼11.8% | 990 |
| 2020 | $87,358,285▲7.3% | $80,848,398▼2.9% | $159,216,394▲12.2% | $218,302,494▲6.0% | 990 |
| 2019 | $81,437,175▲0.1% | $83,262,815▲1.5% | $141,949,104▼4.2% | $205,914,688▼3.9% | 990 |
| 2018 | $81,360,197 | $82,022,049▲2.7% | $148,247,001▼0.1% | $214,172,836▼0.4% | 990 |
| 2017 | $81,324,528▲2.5% | $79,834,766▲1.3% | $148,339,675▲4.8% | $215,135,461▲3.5% | 990 |
| 2016 | $79,305,226▲3.3% | $78,790,011▲2.7% | $141,503,105▲5.6% | $207,775,492▲2.2% | 990 |
| 2015 | $76,794,544▲5.5% | $76,730,138▲5.0% | $133,950,648▼3.3% | $203,225,545▼2.6% | 990 |
| 2014 | $72,821,507▲2.1% | $73,073,020▲2.1% | $138,495,098▼1.5% | $208,612,883▼2.0% | 990 |
| 2013 | $71,348,711 | $71,564,879▲2.3% | $140,603,964▲5.1% | $212,793,270▲0.9% | 990 |
| 2012 | — | $69,970,432▲2.6% | $133,719,657▲7.8% | $210,988,539▲15.3% | 990 |
| 2011 | — | $68,185,197▲6.9% | $124,072,445 | $182,959,159▲2.2% | 990 |
| 2010 | — | $63,801,547 | $124,120,785 | $178,998,399 | 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 Jason N Adsit Phd — $326,221 (0.40% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Dr Jason N Adsit Phd | President Until August 2023 | 35 | $326,221 |
| Arthur D Glass Mba CPA | Vice President For Finance & Administration | 35 | $257,198 |
| Tiffany Gagliano | Chief of Staff Until April 2024 | 35 | $186,817 |
| George Abaunza Phd | Vice President For Academic Affairs Until July 2023 | 35 | $181,123 |
| Elaine A O'grady Mba | Vice President For Students | 35 | $170,860 |
| Nidhi Khurana-baugh | Vice President Advancement | 35 | $157,673 |
| Paul D Schwartz | Faculty | 35 | $133,480 |
| Moira T Tolan | Faculty | 35 | $132,283 |
| Evan Merkhofer | Interim Vice President For Academic Affairs | 35 | $99,654 |
| Fr Gregoire Fluet | Interim President | 35 | $86,703 |
| Anne Marie Murray Phd | Board Member | 4 | — |
| Anthony Liotti | Board Member (through January 2024) | 1 | — |
| Beth Jennings | Board Member | 1 | — |
| Christina Bart Bilsky | Board Member | 6 | — |
| Christofer Guarino | Board Member | 1 | — |
| Claude D'alessandro | Board Member | 1 | — |
| Jake Kosack | Board Member | 1 | — |
| Jeremy Smith | Board Member | 2 | — |
| Jonathan H Gatsik | Board Member | 1 | — |
| Liam O'brien Esq | Board Member (through September 2024) | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Parkhurst Dining Services | Food Services | $3,556,808 |
| Jenspark Inc | Marketing/admissions | $630,705 |
| Facilities Maintenance Corporation | Custodial Services | $335,857 |
| West Point Tours Inc | Transportation | $225,521 |
| Cci Construction Inc | Construction | $201,570 |
Grants received · $292K total
20 grants to Mount Saint Mary College totaling $292K, reported by foundations on their Schedule I filings — showing the 15 most recent.
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Frequently asked questions
- Is Mount Saint Mary College a legitimate nonprofit?
- Yes. Mount Saint Mary College is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 14-1468399, based in Newburgh, New York. Donations are tax-deductible.
- What is Mount Saint Mary College's EIN?
- Mount Saint Mary College's Employer Identification Number (EIN) is 14-1468399.
- How much revenue does Mount Saint Mary College report?
- Mount Saint Mary College reported $86,163,480 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Mount Saint Mary College's spending goes to programs?
- Mount Saint Mary College spends about 87% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Mount Saint Mary College have?
- CharityIndex grades Mount Saint Mary College A, based on program efficiency and fundraising cost.
- How much does Mount Saint Mary College's highest-paid employee make?
- The highest reported compensation on Mount Saint Mary College's latest Form 990 is $326,221, paid to Dr Jason N Adsit Phd (President Until August 2023).
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Data for Mount Saint Mary College (EIN 14-1468399) 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.