Russell Sage College
86% goes to programs $5 to raise $100 Strong reserves Growing revenue
Russell Sage College is a 501(c)(3) organization based in Troy, New York, registered in 1945, with $96,937,929 in FY2024 revenue. CharityIndex grades it A, and it directs about 86% of spending to programs.
65 1st St, Troy, NY, 12180 EIN 14-1338488 Since 1945
Revenue (FY2024)
$96.9M
▲ 27.8% vs prior year
Education median: $200K
Expenses (FY2024)
$87.3M
Net assets
$97.2M
Employees
1,249
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 · $5 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 Russell Sage College: 86% to programs · $5 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating13 mo reserves · +10% 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 Russell Sage College: 13 mo reserves · +10% 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 Russell Sage College: 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 Russell Sage College: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Collegiate education of students
Contact & location
- Address
- 65 1st St, Troy, NY, 12180
- City
- Troy
- State
- New York
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $72.2M (FY2013) to $96.9M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $26.4MNet assets $97.2M
Operating margin
9.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$123.7M
Total liabilities
$26.4M
Net assets
$97.2M
Salaries & benefits
$32.8M
38% of expenses
Board members
26
25 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $96,937,929▲27.8% | $87,302,917▲21.8% | $97,228,088▲14.3% | $123,661,185▲16.3% | 990 |
| 2023 | $75,843,599▲5.8% | $71,682,268▲0.6% | $85,077,006▲7.1% | $106,307,119▲6.7% | 990 |
| 2022 | $71,697,720▼3.7% | $71,222,188▼0.9% | $79,423,814▲3.5% | $99,631,146▼1.0% | 990 |
| 2021 | $74,420,927▲4.5% | $71,869,398▲7.3% | $76,727,631▼4.7% | $100,657,700▼4.1% | 990 |
| 2020 | $71,216,940▼4.5% | $66,975,771▼1.7% | $80,549,161▲25.7% | $104,977,337▲10.1% | 990 |
| 2018 | $74,573,438▲13.1% | $68,149,296▲1.7% | $64,072,262▲11.4% | $95,364,348▲1.3% | 990 |
| 2017 | $65,953,268▼3.4% | $67,025,729▼8.1% | $57,508,518▼0.1% | $94,184,664▼2.2% | 990 |
| 2016 | $68,295,036▼7.7% | $72,926,247▼2.1% | $57,576,933▼3.6% | $96,321,399▲1.9% | 990 |
| 2015 | $74,021,909▼3.1% | $74,516,637▲1.2% | $59,743,923▼3.6% | $94,563,645▼2.1% | 990 |
| 2014 | $76,417,596▲5.8% | $73,616,161▼0.1% | $62,000,955▲4.3% | $96,590,425▲2.5% | 990 |
| 2013 | $72,202,752 | $73,708,818▼0.1% | $59,418,102▲2.0% | $94,245,986▼0.8% | 990 |
| 2012 | — | $73,772,463▲3.9% | $58,245,760▲2.3% | $95,021,175▲1.2% | 990 |
| 2011 | — | $70,991,334▲6.6% | $56,919,213▲18.1% | $93,918,265▲9.7% | 990 |
| 2010 | — | $66,577,141▲4.9% | $48,183,318▲6.9% | $85,575,351▼1.1% | 990 |
| 2009 | — | $63,450,499 | $45,084,798 | $86,546,234 | 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 (FY2024)
Highest-paid: Christopher Ames — $354,376 (0.41% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Christopher Ames | Former President - Thru July 2024 | 40 | $354,376 |
| Frederick Barthelmas | Vp Fin/treasurer | 40 | $199,744 |
| Theresa Hand | Provost | 40 | $189,090 |
| Matthew Shaftel | President - As of July 2024 | 40 | $177,963 |
| Kathleen Lesko | Vp of Enrollment Management | 40 | $165,488 |
| Kathryn Adams | Former Vp Institutional Advancement | 40 | $144,007 |
| Andrea Rehn | Dean of Troy & Albany Campus | 40 | $125,682 |
| Daniel Christopher | Sr Director of Major Gifts | 40 | $124,993 |
| Maryjo Valentine | Assoc Vp Finance | 40 | $124,090 |
| Peter Stapleton | Asst Provost For Strategic Initiatives | 40 | $114,278 |
| Erica A Carlo | Director of Mis and It | 40 | $105,585 |
| Patricia Cellemme | Vp of Student Life | 40 | $102,329 |
| Albert Szesnat | Trustee | 1 | — |
| Alexandra Jupin | Trustee | 1 | — |
| Belinda Hilton | Trustee | 1 | — |
| Benita Zahn | Trustee | 1 | — |
| Caroline Decota | Chair of Bot | 1 | — |
| Catherine Hill | Trustee | 1 | — |
| Chester Opalka | Trustee | 1 | — |
| Christine Ward | Trustee | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Lechase Construction Services LLC | Contstruction Services | $6,034,062 |
| Univeristy Heights Associates | Security Staff & Shuttle Drives | $1,236,050 |
| Ellucian Company LP | Contract Services | $1,014,810 |
| 3 Enrollment Marketing | Contract Services | $559,639 |
| Paul Davis Systems of the Capital Distri | Contstruction Services | $364,120 |
Grants received · $3.5M total
54 grants to Russell Sage College totaling $3.5M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $1,400,000 |
| Highmark Health | General support | 2024 | $125,000 |
| Cleveland Foundation | Russell sage college - general support | 2024 | $18,145 |
| Bny Mellon Charitable Gift Fund | To further the organization's exempt purpose | 2024 | $10,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2023 | $600,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $45,695 |
| Cleveland Foundation | Russell sage college - general support | 2023 | $17,836 |
| Donor Advised Charitable Giving | Education | 2023 | $17,500 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $11,600 |
| Community Foundation of Sarasota County Inc | Program support | 2023 | $10,000 |
| Impactassets Inc | General support | 2023 | $10,000 |
| National Philanthropic Tr | Education | 2023 | $7,500 |
| American Endowment Foundation | Educational | 2023 | $7,150 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $102,850 |
| Donor Advised Charitable Giving | Education | 2022 | $23,600 |
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Frequently asked questions
- Is Russell Sage College a legitimate nonprofit?
- Yes. Russell Sage College is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 14-1338488, based in Troy, New York. Donations are tax-deductible.
- What is Russell Sage College's EIN?
- Russell Sage College's Employer Identification Number (EIN) is 14-1338488.
- How much revenue does Russell Sage College report?
- Russell Sage College reported $96,937,929 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Russell Sage College's spending goes to programs?
- Russell Sage College spends about 86% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Russell Sage College have?
- CharityIndex grades Russell Sage College A, based on program efficiency and fundraising cost.
- How much does Russell Sage College's highest-paid employee make?
- The highest reported compensation on Russell Sage College's latest Form 990 is $354,376, paid to Christopher Ames (Former President - Thru July 2024).
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Data for Russell Sage College (EIN 14-1338488) 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.