Totals
- Total revenue
- $226,515,417
- Total expenses
- $215,430,999
- Contributions and grants received
- $6,419,930
- Grants paid
- $53,638,390
- Program service revenue
- $215,733,872
- Investment income
- $2,915,136
- Other revenue
- $1,446,479
- Total assets, end of year
- $551,769,836
- Total liabilities, end of year
- $133,381,635
- Net assets or fund balances, end of year
- $418,388,201
- Program services expenses (Part IX)
- $188,646,051
- Management and general expenses
- $24,035,739
- Fundraising expenses
- $2,749,209
- Program service expenses (Part III)
- $188,646,051
Program services were 87.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$113,388
-
1e · Government grants (contributions)
$902,106
-
1f · All other contributions, gifts and grants
$5,404,436
-
1g · Noncash contributions included above
$2,008,364
-
2a · Program service revenue: TUITION AND FEES
total $151,069,305 · related or exempt $151,069,305
-
2b · Program service revenue: RESIDENCE AND DINING
total $48,412,194 · related or exempt $48,412,194
-
2c · Program service revenue: CONFERENCE/EDUC/AUX. SERVICES
total $13,773,829 · related or exempt $1,369,110 · unrelated business $12,404,719
-
2d · Program service revenue: PARKING FINES
total $658,707 · related or exempt $658,707
-
2e · Program service revenue: NURSING SCHOOL REVENUE
total $500,000 · related or exempt $500,000
-
2f · All other program service revenue
total $1,319,837 · related or exempt $1,319,837
-
3 · Investment income
total $2,006,222 · unrelated business $10,906 · excluded $1,995,316
-
7a · Gross sales of assets other than inventory
securities $25,231,925
-
7b · Less cost or other basis and sales expenses
securities $24,323,011
-
7c · Gain or loss
securities $908,914
-
7d · Net gain or loss
total $908,914 · excluded $908,914
-
8a · Fundraising events: gross income
$167,151
-
8a · Fundraising events: contributions included on line 1c
$113,388
-
8b · Fundraising events: direct expenses
$216,149
-
8c · Net income from fundraising events
total -$48,998 · excluded -$48,998
-
11a · Other revenue: PRIOR DEFERRED REVENUE
total $1,049,188 · related or exempt $1,049,188
-
11b · Other revenue: BOOKSTORE COMMISSIONS
total $441,658 · related or exempt $441,658
-
11d · All other revenue
total $4,631 · related or exempt $4,631
-
11e · Other revenue, total
$1,495,477
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $166,667 · program services $166,667
-
2 · Grants to domestic individuals
total $53,471,723 · program services $53,471,723
-
5 · Compensation of officers, directors and key employees
total $2,168,497 · program services $765,295 · management and general $1,312,579 · fundraising $90,623
-
6 · Compensation of disqualified persons
total $177,295 · program services $177,295
-
7 · Other salaries and wages
total $68,628,844 · program services $58,296,471 · management and general $9,090,385 · fundraising $1,241,988
-
8 · Pension plan contributions
total $3,571,151 · program services $3,033,498 · management and general $473,025 · fundraising $64,628
-
9 · Other employee benefits
total $12,128,930 · program services $10,302,866 · management and general $1,660,751 · fundraising $165,313
-
10 · Payroll taxes
total $4,933,395 · program services $4,190,650 · management and general $653,464 · fundraising $89,281
-
11b · Fees: legal
total $580,221 · program services $23,971 · management and general $556,250
-
11c · Fees: accounting
total $211,111 · management and general $211,111
-
11f · Fees: investment management
total $711,392 · management and general $711,392
-
11g · Fees: other
total $8,046,004 · program services $6,669,518 · management and general $1,183,166 · fundraising $193,320
-
12 · Advertising and promotion
total $646,756 · program services $248,020 · management and general $363,552 · fundraising $35,184
-
13 · Office expenses
total $5,017,797 · program services $3,792,806 · management and general $919,641 · fundraising $305,350
-
14 · Information technology
total $477,729 · program services $14,547 · management and general $463,182
-
16 · Occupancy
total $5,342,673 · program services $5,035,633 · management and general $307,000 · fundraising $40
-
17 · Travel
total $8,775,696 · program services $8,232,219 · management and general $421,198 · fundraising $122,279
-
20 · Interest
total $3,668,405 · program services $3,457,643 · management and general $210,762
-
22 · Depreciation, depletion and amortization
total $11,008,947 · program services $10,376,446 · management and general $632,501
-
23 · Insurance
total $2,772,000 · program services $2,478,573 · management and general $293,427
-
24a · Other expenses: FOOD SERVICE
total $11,172,657 · program services $10,661,269 · management and general $373,222 · fundraising $138,166
-
24b · Other expenses: SERVICE/SUPP. CONTRACTS
total $8,630,711 · program services $5,307,622 · management and general $3,291,866 · fundraising $31,223
-
24c · Other expenses: PRINTING/PUBLICATIONS
total $662,682 · program services $400,060 · management and general $147,754 · fundraising $114,868
-
24e · All other expenses
total $2,459,716 · program services $1,543,259 · management and general $759,511 · fundraising $156,946
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $23,127,013 · end of year $11,599,787
-
3 · Pledges and grants receivable
beginning of year $3,546,986 · end of year $4,082,762
-
4 · Accounts receivable
beginning of year $6,639,749 · end of year $7,434,410
-
9 · Prepaid expenses and deferred charges
beginning of year $1,354,503 · end of year $1,354,503
-
10a · Land, buildings and equipment: cost or other basis
$498,513,524
-
10b · Land, buildings and equipment: accumulated depreciation
$139,401,445
-
10c · Land, buildings and equipment, net
beginning of year $346,394,124 · end of year $359,112,079
-
11 · Investments: publicly traded securities
beginning of year $112,582,047 · end of year $120,906,632
-
12 · Investments: other securities
beginning of year $39,607,453 · end of year $43,596,507
-
15 · Other assets
beginning of year $2,106,489 · end of year $3,683,156
-
17 · Accounts payable and accrued expenses
beginning of year $12,842,238 · end of year $10,416,321
-
19 · Deferred revenue
beginning of year $12,280,887 · end of year $9,586,979
-
20 · Tax-exempt bond liabilities
beginning of year $60,899,120 · end of year $58,277,000
-
23 · Secured mortgages and notes payable
beginning of year $53,465,421 · end of year $52,436,837
-
25 · Other liabilities
beginning of year $2,317,989 · end of year $2,664,498
-
27 · Net assets without donor restrictions
beginning of year $366,046,560 · end of year $385,068,755
-
28 · Net assets with donor restrictions
beginning of year $27,506,149 · end of year $33,319,446
Mission and programs · 2024
Mission
ENDICOTT COLLEGE OFFERS STUDENTS A VIBRANT ACADEMIC ENVIRONMENT THAT REMAINS TRUE TO ITS FOUNDING PRINCIPLE OF INTEGRATING PROFESSIONAL AND LIBERAL ARTS WITH EXPERIENTIAL LEARNING. FOR MORE INFORMATION SEE SCHEDULE O.
Activities or mission (Part I)
UNDERGRADUATE AND GRADUATE EDUCATION. (SEE SCHEDULE O)ENDICOTT INTEGRATES PROFESSIONAL AND LIBERAL ARTS WITH EXPERIENTIAL LEARNING INCLUDING INTERNSHIPS.
-
*EDUCATION AND AUXILIARY* SEE SCHEDULE O. *EDUCATION AND AUXILIARY*ENDICOTT'S UNDERGRADUATE COLLEGE OFFERS BACHELOR OF FINE ARTS, BACHELOR OF ART, AND BACHELOR OF SCIENCE DEGREES. TRADITIONAL UNDERGRADUATE ENROLLMENT FOR FALL 2024 WAS APPROXIMATELY 3,100 STUDENTS. ENDICOTT'S GRADUATE AND VAN LOAN PROFESSIONAL STUDIES PROGRAMS GRANT ASSOCIATE IN ARTS, ASSOCIATE IN SCIENCE, BACHELOR OF ARTS, BACHELOR OF SCIENCE, MASTER OF ARTS, MASTER OF EDUCATION, MASTER OF SCIENCE, MASTER OF BUSINESS ADMINISTRATION, DOCTOR OF EDUCATION, DOCTOR OF NURSING PRACTICE, AND DOCTOR OF PHILOSOPHY DEGREES. ENROLLMENT IN THE GRADUATE AND VAN LOAN PROFESSIONAL STUDIES PROGRAMS WAS APPROXIMATELY 1,200 STUDENTS AS OF FALL 2024, INCLUDING PROGRAMS IN BEVERLY, MASSACHUSETTS, MADRID, SPAIN, SWITZERLAND, AND ONLINE. ENDICOTT COLLEGE'S ACADEMIC OFFERINGS PROVIDE UNDERGRADUATES WITH AN ENRICHING AND CHALLENGING EDUCATIONAL EXPERIENCE. STUDENTS SELECT FROM A BROAD ARRAY OF MAJOR AND MINOR PROGRAM OFFERINGS WHICH ARE AUGMENTED BY COURSEWORK IN THE LIBERAL ARTS AND REQUIRED EXPERIENTIAL LEARNING OPPORTUNITIES WITHIN THEIR PROFESSIONAL AREAS OF STUDY.OF THE TOTAL UNDERGRADUATE ENROLLMENT, NEARLY 86% LIVE ON CAMPUS. THE COLLEGE OFFERS A LARGE VARIETY OF RESIDENCE HALL OPTIONS, RANGING FROM TRADITIONAL TO APARTMENT-STYLE HOUSING. FACILITIES CONSIST OF CONVERTED MANSIONS, SMALL HOUSES, TOWNHOUSES, AND LARGER RESIDENCE HALLS. FOR THE FALL 2024 SEMESTER, 2,861 STUDENTS WERE RESIDENTIAL STUDENTS, INCLUDING APPOXIMATELY 166 STUDENTS WHO WERE STUDYING ABROAD AND EXPECTED BACK IN THE SPRING SEMESTER. ALL RESIDENT STUDENTS ON CAMPUS MUST ENROLL IN ONE OF FOUR MEAL PLANS OFFERED DURING THE ACADEMIC YEAR. DINING OPTIONS INCLUDE A LARGE DINING HALL, TWO CAFES, AND A LODGE.
Expenses $151,218,659 · Grants $53,471,723 · Revenue $199,481,499
-
*ACADEMIC SUPPORT* SEE SCHEDULE O. *ACADEMIC SUPPORT*ENDICOTT OFFERS STUDENTS VARIOUS PROGRAMS AND FACILITIES TO ENHANCE AND ENCOURAGE THEIR ACTIVE PARTICIPATION IN THE INTELLECTUAL LIFE OF THE COLLEGE AND PROMOTE THEIR SUCCESSFUL PERFORMANCE IN THE CLASSROOM. THIS IS ACCOMPLISHED THROUGH STATE-OF-THE-ART ACADEMIC TECHNOLOGY, THE DIANE M. HALLE LIBRARY, ACADEMIC ADMINISTRATION, ACADEMIC RESOURCES AND STUDENT SUCCESS, AND THE SINGLE PARENT PROGRAM.
Expenses $7,726,648
-
*STUDENT SERVICES* SEE SCHEDULE O. *STUDENT SERVICES* STUDENT SERVICES SUPPORT THE ACADEMIC AND PERSONAL DEVELOPMENT OF EACH STUDENT THROUGH A VARIETY OF OFFICES AND PROGRAMS, INCLUDING STUDENT ACTIVITIES, PERSONAL COUNSELING, HEALTH, COMMUNITY SERVICE, AND ATHLETIC PROGRAMS. EXPERIENCE BEYOND THE CLASSROOM SETTING AFFORDS STUDENTS WITH OPPORTUNITIES TO GAIN A GREATER UNDERSTANDING AND APPRECIATION OF SELF, OTHERS, AND THE WORLD AROUND THEM. THE STUDENT AFFAIRS DIVISION IS DESIGNED TO COMPLEMENT AND SUPPLEMENT THE ACADEMIC EXPERIENCE OF EVERY STUDENT. OTHER FUNCTIONS INCLUDED IN STUDENT SERVICES INCLUDE THE ADMISSIONS, FINANCIAL AID, REGISTRAR, AND CAREER DEVELOPMENT. BOOKSTORE AND VENDING REVENUE IS CONSIDERED RELATED TO STUDENT SERVICES.
Expenses $22,059,742 · Revenue $513,286
-
CONFERENCE AND EDUCATION SERVICES/OTHER
Expenses $7,641,002 · Grants $166,667 · Revenue $17,234,564
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
STEVEN R DISALVO
PRESIDENT (ON LEAVE AS OF 04/2025)
- Total calculated
- $783,047
- From this org
- $622,413
- From related orgs
- $0
- Other
- $160,634
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $548,258
- Bonus
- $54,600
- Other
- $19,555
- Deferred
- $86,424
- Nontaxable benefits
- $74,210
- Filer's total
- $783,047
-
BRYAN CAIN - SVP STUD
& EXT ENG/INTERIM PRES (AS OF 04/25)
- Total calculated
- $333,150
- From this org
- $284,023
- From related orgs
- $0
- Other
- $49,127
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $255,803
- Bonus
- $15,000
- Other
- $13,220
- Deferred
- $20,289
- Nontaxable benefits
- $28,838
- Filer's total
- $333,150
-
THOMAS J ALEXANDER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
SAMUEL CABOT III
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
NANCY KEEFE CLARKE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
TIM COLLINS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
JAMES DEMERS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
ANAITA DUA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
DR HARRY DUMAY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
F SAMUEL EBERTS III
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
PETER FLAHERTY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
NANCY FRATES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
MELISSA HEMPSTEAD
TRUSTEE - CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
GALEN HO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
MARGARET JANES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
MICHELLE LABOSSIERE
TRUSTEE - TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
JOHN MACNEIL
TRUSTEE - CLERK
- Total calculated
- $0
- Hours/week
- 2
-
MARSHA MCDONOUGH
TRUSTEE (THRU 03/2025)
- Total calculated
- $0
- Hours/week
- 2
-
LINDA MILLEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
JON PAYSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
MICHAEL ROCKETT
TRUSTEE (THRU 03/2025)
- Total calculated
- $0
- Hours/week
- 2
-
JEFF SCOLA
TRUSTEE (AS OF 10/2024)
- Total calculated
- $0
- Hours/week
- 2
-
JOANNA SCHULMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
ELIZABETH SCHWARTZ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
DOUGLAS SEYMOUR
TRUSTEE - VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
MICHAEL SHEEHAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
GLEN THORNBOROUGH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
RAVI VIG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
SHEILA WALSH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
ANTHONY FERULLO
VP OF FINANCE & COO
- Total calculated
- $478,080
- From this org
- $370,454
- From related orgs
- $0
- Other
- $107,626
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $333,082
- Bonus
- $15,000
- Other
- $22,372
- Deferred
- $26,781
- Nontaxable benefits
- $80,845
- Filer's total
- $478,080
-
SARA QUAY
PROVOST
- Total calculated
- $351,107
- From this org
- $294,885
- From related orgs
- $0
- Other
- $56,222
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $267,049
- Bonus
- $15,000
- Other
- $12,836
- Deferred
- $22,309
- Nontaxable benefits
- $33,913
- Filer's total
- $351,107
-
MEGHAN MONACO
VP ADMISSIONS & FINANCIAL AID
- Total calculated
- $264,945
- From this org
- $234,899
- From related orgs
- $0
- Other
- $30,046
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $210,676
- Bonus
- $15,000
- Other
- $9,223
- Deferred
- $17,854
- Nontaxable benefits
- $12,192
- Filer's total
- $264,945
-
AMY SMITH
DEAN, SCHOOL OF NURSING
- Total calculated
- $311,109
- From this org
- $262,369
- From related orgs
- $0
- Other
- $48,740
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $256,745
- Bonus
- $0
- Other
- $5,624
- Deferred
- $15,992
- Nontaxable benefits
- $32,748
- Filer's total
- $311,109
-
PATRICK HEWETT
VP INSTITUTIONAL ADVANCEMENT
- Total calculated
- $302,112
- From this org
- $246,014
- From related orgs
- $0
- Other
- $56,098
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $222,506
- Bonus
- $10,000
- Other
- $13,508
- Deferred
- $18,794
- Nontaxable benefits
- $37,304
- Filer's total
- $302,112
-
KATE WHITE
VP HUMAN RESOURCES
- Total calculated
- $241,829
- From this org
- $195,945
- From related orgs
- $0
- Other
- $45,884
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $185,793
- Bonus
- $10,000
- Other
- $152
- Deferred
- $15,074
- Nontaxable benefits
- $30,810
- Filer's total
- $241,829
-
BRANDI JOHNSON
VP AND CHIEF DIVERSITY OFFICER
- Total calculated
- $263,194
- From this org
- $206,956
- From related orgs
- $0
- Other
- $56,238
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $179,655
- Bonus
- $10,000
- Other
- $17,301
- Deferred
- $15,356
- Nontaxable benefits
- $40,882
- Filer's total
- $263,194
-
RICHARD GAGNON
ASSOCIATE VP, FACILITIES OPERATIONS
- Total calculated
- $301,527
- From this org
- $206,196
- From related orgs
- $0
- Other
- $95,331
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $192,787
- Bonus
- $5,000
- Other
- $8,409
- Deferred
- $15,706
- Nontaxable benefits
- $79,625
- Filer's total
- $301,527
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · First-class or charter travel
- 1a · Travel for companions
- 1a · Housing allowance or residence for personal use
- 1a · Health or social club dues or initiation fees
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4b · Supplemental nonqualified retirement plan
- 7 · Other non-fixed payments
Answered no
- 4a · Severance or change-of-control payment
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 1A
- FIRST-CLASS TRAVEL: IN 2024, THE PRESIDENT TRAVELED FIRST CLASS PER THE TERMS OF HIS CONTRACT. HOUSING ALLOWANCE: STEVEN DISALVO LIVED IN ON-CAMPUS HOUSING FOR THE CONVENIENCE OF ENDICOTT COLLEGE AND THE HOUSING IS THEREFORE NOT TAXABLE. THE RESIDENCE IS USED EXTENSIVELY FOR COLLEGE FUNCTIONS. THE VALUE OF THE HOUSING ALLOWANCE IS INCLUDED IN SCHEDULE J, PART II UNDER COLUMN (D) NONTAXABLE BENEFITS. SOCIAL DUES ENDICOTT COLLEGE PAYS CLUB MEMBERSHIP DUES ON BEHALF OF THE PRESIDENT. THE MEMBERSHIP DUES ARE CONSIDERED TAXABLE COMPENSATION TO THE PRESIDENT AND ARE REPORTED ON SCHEDULE J, PART II, COLUMN B(III). TRAVEL FOR COMPANIONS IN 2024, THE PRESIDENT'S SPOUSE TRAVELED WITH HIM FOR BUSINESS PURPOSES. THIS TRAVEL WAS NOT INCLUDED IN TAXABLE COMPENSATION.
- PART I, LINE 4B
- THE PRESIDENT PARTICIPATES IN A NON-QUALIFIED DEFERRED COMPENSATION PLAN. AMOUNTS ACCRUED UNDER THE PLAN ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (C).
- PART I, LINE 7
- NON-FIXED PAYMENTS PURSUANT TO TERMS OF HIS EMPLOYMENT AGREEMENT, THE PRESIDENT MAY RECEIVE A BONUS SUBJECT TO THE APPROVAL OF A COMMITTEE OF THE BOARD OF TRUSTEES. CERTAIN LISTED INDIVIDUALS RECEIVED A ONE TIME BONUS RELATED TO THE IMPLEMENTATION OF A PROJECT APPROVED BY MANAGEMENT AND THE BOARD OF TRUSTEES.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
CITY OF BEVERLY
$166,667
GENERAL SUPPORT
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 13 May 2026
- IRS schema version
- 2024v5.5
- Source object
- 202601349349307705
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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