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Nonprofiteer
← LE MOYNE COLLEGE

Form 990 for tax year 2024

Filed by LE MOYNE COLLEGE.

Totals

Total revenue
$160,351,641
Total expenses
$160,629,257
Contributions and grants received
$21,074,692
Grants paid
$56,486,110
Program service revenue
$125,376,465
Investment income
$4,964,595
Other revenue
$8,935,889
Total assets, end of year
$450,710,703
Total liabilities, end of year
$103,110,377
Net assets or fund balances, end of year
$347,600,326
Program services expenses (Part IX)
$135,473,774
Management and general expenses
$21,708,932
Fundraising expenses
$3,446,551
Program service expenses (Part III)
$135,473,774

Program services were 84.3% 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

    $839,658

  • 1e · Government grants (contributions)

    $5,094,447

  • 1f · All other contributions, gifts and grants

    $15,140,587

  • 1g · Noncash contributions included above

    $1,533,635

  • 2a · Program service revenue: TUITION & FEES

    total $104,613,016 · related or exempt $104,613,016

  • 2b · Program service revenue: ROOM & BOARD

    total $19,854,431 · related or exempt $19,854,431

  • 2c · Program service revenue: INTERCOLLEGIATE ATHLETICS

    total $626,266 · related or exempt $626,266

  • 2d · Program service revenue: CATERING SERVICE

    total $149,853 · related or exempt $149,853

  • 2e · Program service revenue: BOOKSTORE

    total $132,899 · related or exempt $132,899

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $3,784,365 · unrelated business $89,025 · excluded $3,695,340

  • 6a · Gross rents

    real property $21,120

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $21,120 · personal property $0

  • 6d · Net rental income or loss

    total $21,120 · excluded $21,120

  • 7a · Gross sales of assets other than inventory

    securities $17,877,990 · other assets $129,682

  • 7b · Less cost or other basis and sales expenses

    securities $16,827,442 · other assets $0

  • 7c · Gain or loss

    securities $1,050,548 · other assets $129,682

  • 7d · Net gain or loss

    total $1,180,230 · excluded $1,180,230

  • 8a · Fundraising events: gross income

    $248,221

  • 8a · Fundraising events: contributions included on line 1c

    $839,658

  • 8b · Fundraising events: direct expenses

    $404,428

  • 8c · Net income from fundraising events

    total -$156,207 · excluded -$156,207

  • 11a · Other revenue: ENDOWMENT TRANSFER FROM CAZENOVIA

    total $7,014,181 · related or exempt $7,014,181

  • 11b · Other revenue: OTHER

    total $920,057 · related or exempt $919,457 · unrelated business $600

  • 11c · Other revenue: FEES AND ADMISSIONS

    total $614,404 · related or exempt $614,404

  • 11d · All other revenue

    total $522,334 · related or exempt $522,334 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $9,070,976

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $53,682,338 · program services $53,682,338

  • 3 · Grants to foreign organizations and individuals

    total $2,803,772 · program services $2,803,772

  • 5 · Compensation of officers, directors and key employees

    total $1,017,616 · program services $228,674 · management and general $788,942

  • 6 · Compensation of disqualified persons

    total $352,070 · program services $352,070

  • 7 · Other salaries and wages

    total $44,687,744 · program services $34,733,793 · management and general $8,289,988 · fundraising $1,663,963

  • 8 · Pension plan contributions

    total $3,847,845 · program services $2,950,335 · management and general $758,495 · fundraising $139,015

  • 9 · Other employee benefits

    total $7,879,371 · program services $6,041,508 · management and general $1,553,197 · fundraising $284,666

  • 10 · Payroll taxes

    total $3,402,392 · program services $2,608,784 · management and general $670,686 · fundraising $122,922

  • 11a · Fees: management

    total $105,998 · management and general $105,998

  • 11b · Fees: legal

    total $181,199 · management and general $181,199

  • 11c · Fees: accounting

    total $181,947 · management and general $181,947

  • 11d · Fees: lobbying

    total $44,200 · fundraising $44,200

  • 11e · Fees: professional fundraising services

    total $663,005 · fundraising $663,005

  • 11f · Fees: investment management

    total $531,912 · management and general $531,912

  • 11g · Fees: other

    total $2,266,385 · program services $1,880,424 · management and general $309,553 · fundraising $76,408

  • 12 · Advertising and promotion

    total $981,561 · program services $70,844 · management and general $906,518 · fundraising $4,199

  • 13 · Office expenses

    total $1,347,688 · program services $1,032,912 · management and general $267,117 · fundraising $47,659

  • 14 · Information technology

    total $2,818,482 · program services $668,010 · management and general $2,062,862 · fundraising $87,610

  • 17 · Travel

    total $4,872,168 · program services $4,472,558 · management and general $148,554 · fundraising $251,056

  • 20 · Interest

    total $2,902,427 · program services $2,779,786 · management and general $122,641

  • 22 · Depreciation, depletion and amortization

    total $8,067,665 · program services $7,849,699 · management and general $217,966

  • 23 · Insurance

    total $975,787 · program services $764,924 · management and general $159,595 · fundraising $51,268

  • 24a · Other expenses: ROOM & BOARD

    total $4,266,138 · program services $4,266,138

  • 24b · Other expenses: UTILITIES

    total $2,299,048 · program services $866,961 · management and general $1,430,305 · fundraising $1,782

  • 24c · Other expenses: FACILITIES MAINTENANCE

    total $2,145,003 · program services $1,570,484 · management and general $570,625 · fundraising $3,894

  • 24d · Other expenses: CUSTODIAL SERVICES

    total $1,964,850 · program services $816,240 · management and general $1,147,222 · fundraising $1,388

  • 24e · All other expenses

    total $6,340,646 · program services $5,033,520 · management and general $1,303,610 · fundraising $3,516

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $22,109,174 · end of year $15,812,358

  • 3 · Pledges and grants receivable

    beginning of year $8,447,268 · end of year $12,373,710

  • 4 · Accounts receivable

    beginning of year $16,954,191 · end of year $10,674,626

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $580,962 · end of year $502,781

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $260,335,014

  • 10b · Land, buildings and equipment: accumulated depreciation

    $150,518,709

  • 10c · Land, buildings and equipment, net

    beginning of year $106,685,062 · end of year $109,816,305

  • 11 · Investments: publicly traded securities

    beginning of year $198,482,713 · end of year $204,637,814

  • 12 · Investments: other securities

    beginning of year $74,165,866 · end of year $78,919,775

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $7,472,047 · end of year $17,973,334

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,196,780 · end of year $2,094,724

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $83,422,521 · end of year $80,813,144

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $21,552,060 · end of year $20,202,509

  • 27 · Net assets without donor restrictions

    beginning of year $99,811,611 · end of year $98,760,323

  • 28 · Net assets with donor restrictions

    beginning of year $228,914,311 · end of year $248,840,003

Mission and programs · 2024

Mission

The College is a diverse learning community that strives for academic excellence in the Catholic and Jesuit tradition through comprehensive programs rooted in the liberal arts and sciences.

Activities or mission (Part I)

THE COLLEGE IS A DIVERSE LEARNING COMMUNITY THAT STRIVES FOR ACADEMIC EXCELLENCE IN THE CATHOLIC AND JESUIT TRADITION THROUGH COMPREHENSIVE PROGRAMS.

  • Le Moyne College offers undergraduate and graduate, programs to approximately 2,500 full-time and 650 part-time equivalents in over 100 areas of study. In addition to instruction offered in individual academic disciplines, all undergraduate students engage in a core curriculum which seeks to provide a foundation in the liberal arts and sciences and refine students' critical thinking and communication skills. Within the core curriculum students deepen their understanding of the diverse ways in which women and men throughout history have responded to enduring questions about meaning and order in the physical universe, in social and political processes, and in human experience. Each year, approximately 1% of Le Moyne students also take part in the College's study abroad program to enhance their educational experience, immerse themselves in a new way of life and develop new perspectives on the people and cultures of other lands.

    Expenses $96,820,794 · Grants $56,486,110 · Revenue $114,592,410

  • In keeping with the College's mission and Jesuit tradition of educating the whole person, Le Moyne offers a variety of student services to meet student needs outside the classroom. These services enhance the quality of student life and foster student social development. Activities and services revolve around key areas including housing and food service, personal counseling, health services, service learning, career planning and placement, and intercollegiate athletics. In particular, Campus Ministry offers a variety of retreat and alternative break programs to students looking to engage in spiritual growth and answer the call to be leaders in serving the needs of others, as well as opportunities to take part in liturgical ministries. The Office of Service Learning integrates community service opportunities with academic coursework in recognition of the social justice component of a Jesuit education. Finally, the Office of Career Services offers seminars and workshops on a variety of topics including resume writing, interviewing, and graduate-school planning, along with recruiting programs featuring employers from a variety of industries.

    Expenses $26,331,596 · Revenue $19,854,431

  • The College offers several programs through its public service function to assist socially- and economically-disadvantaged high school students in successfully completing their secondary education and providing an opportunity to enter some form of post-secondary education. These programs provide advisement and tutoring experiences, as well as outside enrichment activities. The College also operates an academic support center offering tutoring and study groups to assist students in their coursework, to provide individual consultations to improve students' learning strategies and study skills, to provide support and counseling for students on academic probation, and to administer accommodations for students with learning and other disabilities. In addition to the Academic Support Center, the Noreen Reale Falcone Library supports the educational goals of Le Moyne College through a process of continuous review and improvement of collections, instructional programs, technology, and information services. The Library collection contains over 189,855 book titles (encompassing 221,987 volumes), 574,222 e-book titles, 1,356 print and 93,853 electronic periodical subscriptions, and 9,750 videos. In addition to in-house collections, access is provided to over 327 databases, that grant access to 110,378 digital media items.

    Expenses $12,321,384

As filed on the 2024 return.

Listed in Part VII

  • Linda LeMura PHD

    President/Trustee

    Total calculated
    $554,835
    From this org
    $522,170
    From related orgs
    $0
    Other
    $32,665
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $418,680
    Bonus
    $50,000
    Other
    $53,490
    Deferred
    $22,800
    Nontaxable benefits
    $9,865
    Filer's total
    $554,835

  • Aminy Audi

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Angelo Rizzo

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Anthony Dwyer

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Barbara McHugh

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Bonita Lindberg

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Brian Iaia

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Christopher Curtis

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Daniel McNeil

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Denise Quinn

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Derek Zuckerman

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Dominick Pullano

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Allen

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Erick Berrelleza

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Evelyn Ingram

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Gina Metts

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Jason Downer

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Jeanette Epps

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey Vukelic

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • John Mullman

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • John Quattrone

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Joseph Mirabito

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Joseph Powers

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Joseph Savage

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Kathleen Forbush

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Kent Syverud

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Kimberly Townsend

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Kristen Martin

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Kurt Ohliger

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Marcus Washington

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Mario Powell

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Melissa Zell

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Michael Corasaniti

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Neal Quartier

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Peter DiLaura

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Philip Florio

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Richard Locastro

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Robert Moriarty

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Robert Reiser

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Robert Turner

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Sharon Kinsman Salmon

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Thomas Fiscoe

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • William Sorenson

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • James Hannan

    Provost

    Total calculated
    $258,125
    From this org
    $221,818
    From related orgs
    $0
    Other
    $36,307
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $221,818
    Bonus
    $0
    Other
    $0
    Deferred
    $21,316
    Nontaxable benefits
    $14,991
    Filer's total
    $258,125

  • Joseph Grasso

    VP Fin/Admin & Treasurer

    Total calculated
    $345,570
    From this org
    $314,343
    From related orgs
    $0
    Other
    $31,227
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $290,993
    Bonus
    $0
    Other
    $23,350
    Deferred
    $27,528
    Nontaxable benefits
    $3,699
    Filer's total
    $345,570

  • James Joseph

    VP Advancement & Innovation

    Total calculated
    $305,200
    From this org
    $256,514
    From related orgs
    $0
    Other
    $48,686
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $246,514
    Bonus
    $0
    Other
    $10,000
    Deferred
    $20,767
    Nontaxable benefits
    $27,919
    Filer's total
    $305,200

  • Sebastian Notaro

    AVP Finance

    Total calculated
    $185,445
    From this org
    $159,967
    From related orgs
    $0
    Other
    $25,478
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $152,467
    Bonus
    $7,500
    Other
    $0
    Deferred
    $14,823
    Nontaxable benefits
    $10,655
    Filer's total
    $185,445

  • Timothy Lee

    VP Enrollment Management

    Total calculated
    $256,430
    From this org
    $210,095
    From related orgs
    $0
    Other
    $46,335
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $210,095
    Bonus
    $0
    Other
    $0
    Deferred
    $20,561
    Nontaxable benefits
    $25,774
    Filer's total
    $256,430

  • Chandan Jha

    Associate Professor

    Total calculated
    $208,867
    From this org
    $168,947
    From related orgs
    $0
    Other
    $39,920
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,947
    Bonus
    $0
    Other
    $0
    Deferred
    $13,245
    Nontaxable benefits
    $26,675
    Filer's total
    $208,867

  • Magdoleen Ierlan

    Associate Professor

    Total calculated
    $196,204
    From this org
    $157,072
    From related orgs
    $0
    Other
    $39,132
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,072
    Bonus
    $0
    Other
    $0
    Deferred
    $12,112
    Nontaxable benefits
    $27,020
    Filer's total
    $196,204

  • Margaret Wells

    Dean, Purcell School for Graduate & Professional Studies

    Total calculated
    $197,443
    From this org
    $160,544
    From related orgs
    $0
    Other
    $36,899
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,544
    Bonus
    $0
    Other
    $0
    Deferred
    $15,602
    Nontaxable benefits
    $21,297
    Filer's total
    $197,443

  • Shaun Black

    AVP Information Technology

    Total calculated
    $230,658
    From this org
    $186,125
    From related orgs
    $0
    Other
    $44,533
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $178,625
    Bonus
    $7,500
    Other
    $0
    Deferred
    $17,692
    Nontaxable benefits
    $26,841
    Filer's total
    $230,658

  • Shin-Jeng Lin

    Professor

    Total calculated
    $199,238
    From this org
    $160,116
    From related orgs
    $0
    Other
    $39,122
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,116
    Bonus
    $0
    Other
    $0
    Deferred
    $14,128
    Nontaxable benefits
    $24,994
    Filer's total
    $199,238

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 · 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 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Housing allowance or residence for personal use
THE PRESIDENT RECEIVED A $24,000 PAYMENT AS A HOUSING ALLOWANCE. THIS AMOUNT WAS REPORTED AS TAXABLE INCOME ON HER W-2.
Schedule J, Part I, Line 1a Health or social club dues or initiation fees
THE PRESIDENT OF THE COLLEGE HAS A SOCIAL CLUB MEMBERSHIP WHICH IS USED FOR BUSINESS AFFAIRS FOR THE COLLEGE. THIS AMOUNT WAS REPORTED AS TAXABLE INCOME ON HER W-2.
Schedule J, Part I, Line 1b
THE PRESIDENT OF THE COLLEGE RECEIVED A HOUSING ALLOWANCE THROUGH HER EMPLOYMENT CONTRACT. THESE BENEFITS ARE ADMINISTERED THROUGH PAYROLL AS TAXABLE FRINGE AND CASH PAYMENT AND WAS INCLUDED IN HER W-2'S. THE BOARD OF TRUSTEES OF THE COLLEGE APPROVED THE NATURE AND AMOUNT OF THE HOUSING ALLOWANCE.

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

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • AGILITAS LLC

    501(c)(3) · ADMIN SERVICE · NY · controlled entity

    Directly controlled by LE MOYNE COLLEGE

  • PHINS MANAGEMENT INC

    501(c)(3) · MANAGEMENT · NY · controlled entity

    Directly controlled by LE MOYNE COLLEGE

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CRUT (2)

    Trust · INVESTMENTS · NY · controlled entity

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2024
Filed
27 March 2026
IRS schema version
2024v5.1
Source object
202620869349300132

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