Totals
- Total revenue
- $202,668,228
- Total expenses
- $205,782,061
- Contributions and grants received
- $14,483,591
- Grants paid
- $39,650,901
- Program service revenue
- $177,257,477
- Investment income
- $9,342,058
- Other revenue
- $1,585,102
- Total assets, end of year
- $696,385,098
- Total liabilities, end of year
- $250,955,625
- Net assets or fund balances, end of year
- $445,429,473
- Program services expenses (Part IX)
- $166,261,940
- Management and general expenses
- $37,422,310
- Fundraising expenses
- $2,097,811
- Program service expenses (Part III)
- $166,261,940
Program services were 80.8% 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
$212,239
-
1e · Government grants (contributions)
$12,462,383
-
1f · All other contributions, gifts and grants
$1,808,969
-
1g · Noncash contributions included above
$165,237
-
2a · Program service revenue: GROSS TUITION & FEES
total $167,083,982 · related or exempt $167,083,982
-
2b · Program service revenue: AUXILIARY INCOME
total $10,173,495 · related or exempt $10,173,495
-
3 · Investment income
total $4,513,982 · unrelated business -$408,935 · excluded $4,922,917
-
6a · Gross rents
real property $733,004
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $733,004
-
6d · Net rental income or loss
total $733,004 · excluded $733,004
-
7a · Gross sales of assets other than inventory
securities $4,828,076
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $4,828,076
-
7d · Net gain or loss
total $4,828,076 · unrelated business $50,987 · excluded $4,777,089
-
8a · Fundraising events: gross income
$280,730
-
8a · Fundraising events: contributions included on line 1c
$212,239
-
8b · Fundraising events: direct expenses
$118,498
-
8c · Net income from fundraising events
total $162,232 · excluded $162,232
-
11a · Other revenue: OTHER
total $468,182 · related or exempt $468,182
-
11b · Other revenue: ATHLETIC INCOME
total $126,563 · related or exempt $126,563
-
11c · Other revenue: RECOVERIES
total $95,121 · related or exempt $95,121
-
11e · Other revenue, total
$689,866
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $39,650,901 · program services $39,650,901
-
5 · Compensation of officers, directors and key employees
total $2,891,352 · management and general $2,891,352
-
7 · Other salaries and wages
total $69,755,488 · program services $59,582,829 · management and general $9,324,116 · fundraising $848,543
-
8 · Pension plan contributions
total $3,963,444 · program services $3,250,024 · management and general $634,151 · fundraising $79,269
-
9 · Other employee benefits
total $12,267,660 · program services $10,059,481 · management and general $1,962,826 · fundraising $245,353
-
10 · Payroll taxes
total $4,119,219 · program services $3,377,760 · management and general $659,075 · fundraising $82,384
-
11a · Fees: management
total $11,440,272 · program services $5,860,841 · management and general $5,501,557 · fundraising $77,874
-
11b · Fees: legal
total $138,175 · management and general $138,175
-
11c · Fees: accounting
total $244,167 · management and general $244,167
-
11f · Fees: investment management
total $1,147,480 · management and general $1,147,480
-
11g · Fees: other
total $2,703,609 · program services $2,306,585 · management and general $376,274 · fundraising $20,750
-
12 · Advertising and promotion
total $3,576,888 · management and general $3,514,485 · fundraising $62,403
-
13 · Office expenses
total $2,777,497 · program services $1,634,483 · management and general $1,066,235 · fundraising $76,779
-
14 · Information technology
total $5,030,172 · program services $2,521,398 · management and general $2,499,010 · fundraising $9,764
-
16 · Occupancy
total $15,304,670 · program services $14,050,847 · management and general $1,101,281 · fundraising $152,542
-
17 · Travel
total $1,603,713 · program services $985,806 · management and general $604,900 · fundraising $13,007
-
19 · Conferences, conventions and meetings
total $1,714,637 · program services $1,180,275 · management and general $347,859 · fundraising $186,503
-
20 · Interest
total $1,988,407 · program services $1,829,254 · management and general $139,269 · fundraising $19,884
-
22 · Depreciation, depletion and amortization
total $10,119,698 · program services $9,310,122 · management and general $708,379 · fundraising $101,197
-
23 · Insurance
total $1,130,720 · management and general $1,130,720
-
24a · Other expenses: SUPPLIES AND SERVICES
total $5,356,202 · program services $4,675,885 · management and general $586,512 · fundraising $93,805
-
24b · Other expenses: MAINTENANCE
total $2,836,849 · program services $2,500,378 · management and general $309,469 · fundraising $27,002
-
24c · Other expenses: STUDENT FOOD SERVICES
total $2,825,389 · program services $2,768,794 · management and general $56,595
-
24d · Other expenses: BAD DEBT
total $2,425,156 · program services $17,406 · management and general $2,407,750
-
24e · All other expenses
total $770,296 · program services $698,871 · management and general $70,673 · fundraising $752
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $33,653,372 · end of year $43,143,780
-
2 · Savings and temporary cash investments
beginning of year $17,934,220 · end of year $16,231,355
-
3 · Pledges and grants receivable
beginning of year $7,635,843 · end of year $4,126,083
-
4 · Accounts receivable
beginning of year $15,318,880 · end of year $17,526,042
-
7 · Other notes and loans receivable
beginning of year $320,834 · end of year $320,852
-
9 · Prepaid expenses and deferred charges
beginning of year $1,269,120 · end of year $1,110,472
-
10a · Land, buildings and equipment: cost or other basis
$217,144,660
-
10b · Land, buildings and equipment: accumulated depreciation
$111,463,716
-
10c · Land, buildings and equipment, net
beginning of year $108,001,996 · end of year $105,680,944
-
11 · Investments: publicly traded securities
beginning of year $208,524,439 · end of year $213,145,370
-
12 · Investments: other securities
beginning of year $109,010,261 · end of year $116,784,307
-
15 · Other assets
beginning of year $143,308,669 · end of year $178,315,893
-
17 · Accounts payable and accrued expenses
beginning of year $7,990,540 · end of year $8,653,916
-
19 · Deferred revenue
beginning of year $5,226,273 · end of year $5,148,920
-
20 · Tax-exempt bond liabilities
beginning of year $47,101,031 · end of year $45,901,989
-
25 · Other liabilities
beginning of year $155,358,825 · end of year $191,250,800
-
27 · Net assets without donor restrictions
beginning of year $407,942,829 · end of year $423,085,791
-
28 · Net assets with donor restrictions
beginning of year $21,358,136 · end of year $22,343,682
Mission and programs · 2023
Mission
MERCY UNIVERSITY IS COMMITTED TO PROVIDING MOTIVATED STUDENTS THE OPPORTUNITY TO TRANSFORM THEIR LIVES THROUGH HIGHER EDUCATION BY OFFERING LIBERAL ARTS AND PROFESSIONAL PROGRAMS IN PERSONALIZED AND HIGH QUALITY LEARNING ENVIRONMENTS, THUS PREPARING (SEE SCHEDULE O) STUDENTS TO EMBARK ON REWARDING CAREERS, TO CONTINUE LEARNING THROUGHOUT THEIR LIVES AND TO ACT ETHICALLY AND RESPONSIBLY IN A CHANGING WORLD.
Activities or mission (Part I)
EDUCATE STUDENTS IN LIBERAL ARTS, SCIENCES, BUSINESS, EDUCATION AND PROFESSIONAL PROGRAMS.
-
MERCY UNIVERSITY IS A PRIVATE, NON-SECTARIAN, NON-PROFIT INSTITUTION ACCREDITED BY THE MIDDLE STATES COMMISSION ON HIGHER EDUCATION. MERCY IS DRIVEN BY A STUDENT-CENTERED MISSION: TO CHANGE LIVES THROUGH THE POWER OF HIGHER EDUCATION. FOUNDED IN 1950 BY THE SISTERS OF MERCY, THE INSTITUTION HAS GROWN FROM A JUNIOR COLLEGE TO A FOUR-YEAR COLLEGE OFFERING OVER 100 UNDERGRADUATE AND GRADUATE DEGREE AND CERTIFICATE PROGRAMS ACROSS SIX SCHOOLS: BUSINESS, EDUCATION, HEALTH AND NATURAL SCIENCES, LIBERAL ARTS, NURSING AND SOCIAL AND BEHAVIORAL SCIENCES. IN 2023, MERCY RECEIVED APPROVAL FROM THE REGENTS OF THE UNIVERSITY OF THE STATE OF NEW YORK TO AMEND ITS CHARTER AND OFFICIALLY TRANSITIONED FROM MERCY COLLEGE TO MERCY UNIVERSITY. (SEE SCHEDULE O) SERVING NEARLY 9,000 STUDENTS ANNUALLY, MERCY IS KNOWN FOR ITS HIGH-QUALITY EDUCATION, PERSONALIZED STUDENT EXPERIENCE, TALENTED FACULTY AND AFFORDABILITY. STUDENTS STUDY AT THE WESTCHESTER CAMPUS OVERLOOKING THE HUDSON RIVER, AT NEW YORK CITY CAMPUSES IN THE BRONX'S HEALTH CARE CORRIDOR AND IN MANHATTAN'S HERALD SQUARE, AND ONLINE. THE UNIVERSITY ALSO SPONSORS INTERCOLLEGIATE ATHLETIC COMPETITIONS IN 10 VARSITY SPORTS AT THE NATIONAL COLLEGIATE ATHLETIC ASSOCIATION (NCAA) DIVISION II LEVEL. ITS STUDENT BODY REFLECTS THE RICH DIVERSITY OF THE NEW YORK METROPOLITAN AREA. MERCY IS A FEDERALLY DESIGNATED MINORITY-SERVING INSTITUTION AND THE LARGEST PRIVATE HISPANIC SERVING INSTITUTION (HSI) IN THE STATE OF NEW YORK. MERCY'S FACULTY INCLUDES FULBRIGHT SCHOLARS, PUBLISHED AUTHORS, AND RECOGNIZED PROFESSIONALS WHO INTEGRATE REAL-WORLD EXPERTISE WITH ACADEMIC INSTRUCTION. THEIR COMMITMENT TO EFFECTIVE TEACHING AND COMMUNITY SERVICE REFLECTS THE UNIVERSITY'S MISSION TO TRANSFORM LIVES THROUGH HIGHER EDUCATION.
Expenses $166,261,940 · Grants $39,650,901 · Revenue $177,947,343
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Susan ParishSUSAN PARISH
PRESIDENT (AS OF 07/2023)
- Total calculated
- $405,835
- From this org
- $285,910
- From related orgs
- $0
- Other
- $119,925
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $280,500
- Bonus
- $0
- Other
- $5,410
- Deferred
- $63,925
- Nontaxable benefits
- $56,000
- Filer's total
- $405,835
-
Joseph GantzJOSEPH GANTZ
CHAIRMAN
- Total calculated
- $27,930
- From this org
- $27,930
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Cindy V LopezCINDY V LOPEZ
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Alex FerrariALEX FERRARI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Bruce J HaberBRUCE J HABER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Carlos S PassiCARLOS S PASSI
TRUSTEE
- Total calculated
- $10,600
- From this org
- $10,600
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Christopher SobeckiCHRISTOPHER SOBECKI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
David L JohnsonDAVID L JOHNSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Gregory H WilliamsGREGORY H WILLIAMS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
James B JenkinsJAMES B JENKINS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
James M McCormickJAMES M MCCORMICK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
John R ThompsonJOHN R THOMPSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Gary BernsteinGARY BERNSTEIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Joseph P Carlucci EsqJOSEPH P CARLUCCI ESQ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Marlene M TuteraMARLENE M TUTERA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Michael F HayesMICHAEL F HAYES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Michele A QuiroloMICHELE A QUIROLO
TRUSTEE
- Total calculated
- $23,400
- From this org
- $23,400
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0
-
Patricia BlackmarPATRICIA BLACKMAR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Robert H NiehausROBERT H NIEHAUS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Susan M MaklariSUSAN M MAKLARI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Valerie Mason CunninghamVALERIE MASON CUNNINGHAM
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Sarah A O'Connor EsqSARAH A O'CONNOR ESQ
TRUSTEE
- Total calculated
- $3,600
- From this org
- $3,600
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Brett CarrollBRETT CARROLL
CHIEF FINANCIAL OFFICER
- Total calculated
- $374,968
- From this org
- $327,693
- From related orgs
- $0
- Other
- $47,275
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $297,279
- Bonus
- $30,000
- Other
- $414
- Deferred
- $47,275
- Nontaxable benefits
- $0
- Filer's total
- $374,968
-
Jessica L HaberJESSICA L HABER
CHIEF OF STAFF
- Total calculated
- $332,494
- From this org
- $249,495
- From related orgs
- $0
- Other
- $82,999
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $219,315
- Bonus
- $30,000
- Other
- $180
- Deferred
- $29,942
- Nontaxable benefits
- $53,057
- Filer's total
- $332,494
-
Narda A RomeroNARDA A ROMERO
CONTROLLER & ASSISTANT TREASURER
- Total calculated
- $255,895
- From this org
- $205,751
- From related orgs
- $0
- Other
- $50,144
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $204,977
- Bonus
- $0
- Other
- $774
- Deferred
- $48,593
- Nontaxable benefits
- $1,551
- Filer's total
- $255,895
-
Eva FernandezEVA FERNANDEZ
PROVOST
- Total calculated
- $416,768
- From this org
- $358,265
- From related orgs
- $0
- Other
- $58,503
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $323,015
- Bonus
- $30,000
- Other
- $5,250
- Deferred
- $48,665
- Nontaxable benefits
- $9,838
- Filer's total
- $416,768
-
Thomas SimmondsTHOMAS SIMMONDS
VP OPERATIONS & FACILITIES
- Total calculated
- $380,214
- From this org
- $305,019
- From related orgs
- $0
- Other
- $75,195
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $270,768
- Bonus
- $30,000
- Other
- $4,251
- Deferred
- $28,987
- Nontaxable benefits
- $46,208
- Filer's total
- $380,214
-
Adam J CastroADAM J CASTRO
VP ADMISSIONS
- Total calculated
- $353,582
- From this org
- $304,726
- From related orgs
- $0
- Other
- $48,856
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $268,583
- Bonus
- $30,000
- Other
- $6,143
- Deferred
- $36,426
- Nontaxable benefits
- $12,430
- Filer's total
- $353,582
-
Scorpio K RogersSCORPIO K ROGERS
VP, COMMUNITY RELATIONS & GOV
- Total calculated
- $307,541
- From this org
- $244,970
- From related orgs
- $0
- Other
- $62,571
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $218,782
- Bonus
- $25,000
- Other
- $1,188
- Deferred
- $20,804
- Nontaxable benefits
- $41,767
- Filer's total
- $307,541
-
Peter H WestPETER H WEST
INTERIM PROVOST
- Total calculated
- $252,474
- From this org
- $194,964
- From related orgs
- $0
- Other
- $57,510
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $194,550
- Bonus
- $0
- Other
- $414
- Deferred
- $57,510
- Nontaxable benefits
- $0
- Filer's total
- $252,474
-
Lloyd GibsonLLOYD GIBSON
DEAN SCHOOL OF BUSINESS
- Total calculated
- $329,008
- From this org
- $255,066
- From related orgs
- $0
- Other
- $73,942
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $242,994
- Bonus
- $0
- Other
- $12,072
- Deferred
- $49,360
- Nontaxable benefits
- $24,582
- Filer's total
- $329,008
-
Kevin JoyceKEVIN JOYCE
VP STUDENT AFFAIRS
- Total calculated
- $318,142
- From this org
- $268,716
- From related orgs
- $0
- Other
- $49,426
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $237,528
- Bonus
- $30,000
- Other
- $1,188
- Deferred
- $22,142
- Nontaxable benefits
- $27,284
- Filer's total
- $318,142
-
Camille ShellyCAMILLE SHELLY
CHIEF INFORMATION OFFICER
- Total calculated
- $347,301
- From this org
- $266,921
- From related orgs
- $0
- Other
- $80,380
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $236,507
- Bonus
- $30,000
- Other
- $414
- Deferred
- $41,642
- Nontaxable benefits
- $38,738
- Filer's total
- $347,301
-
Bernadette WadeBERNADETTE WADE
CHIEF ADVANCEMENT OFFICER
- Total calculated
- $322,535
- From this org
- $248,624
- From related orgs
- $0
- Other
- $73,911
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $221,338
- Bonus
- $25,000
- Other
- $2,286
- Deferred
- $50,456
- Nontaxable benefits
- $23,455
- Filer's total
- $322,535
-
Kristen BurkeKRISTEN BURKE
GENERAL COUNSEL
- Total calculated
- $323,075
- From this org
- $251,479
- From related orgs
- $0
- Other
- $71,596
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $221,209
- Bonus
- $30,000
- Other
- $270
- Deferred
- $32,758
- Nontaxable benefits
- $38,838
- Filer's total
- $323,075
-
Timothy L HallTIMOTHY L HALL
FORMER PRESIDENT (THRU 06/2023)
- Total calculated
- $589,316
- From this org
- $473,698
- From related orgs
- $0
- Other
- $115,618
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $326,946
- Bonus
- $100,000
- Other
- $46,752
- Deferred
- $47,700
- Nontaxable benefits
- $67,918
- Filer's total
- $589,316
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 · Personal services (maid, chauffeur, chef)
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Form 990 of other organizations
- 3 · Approval by the board or compensation committee
- 7 · Other non-fixed payments
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
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 1A
- IN CALENDAR YEAR 2023 TIMOTHY L. HALL RECEIVED HOUSING IN THE AMOUNT OF $54,000 AND SUSAN PARISH RECEIVED HOUSING IN THE AMOUNT OF $54,000. THESE AMOUNTS ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (D) FOR BOTH INDIVIDUALS. HOUSING ALLOWANCE INCLUDED PERSONAL SERVICES RELATED TO THE HOUSING.
- PART I, LINE 7
- BONUSES ARE APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES.
- PART II, COLUMN B(III):
- THE AMOUNT ON THIS COLUMN FOR TIMOTHY HALL, EVA FERNANDEZ, THOMAS SIMMONDS, ADAM CASTRO AND SUSAN PARISH INCLUDE TAXABLE AMOUNT OF CAR 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.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 12 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202541349349303744
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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