Form 990 for tax year 2024

Filed by UTICA UNIVERSITY.

Totals

Total revenue: $97,065,313
Total expenses: $101,286,070
Contributions and grants received: $9,893,756
Grants paid: $19,158,204
Program service revenue: $84,874,737
Investment income: $1,104,600
Other revenue: $1,192,220
Total assets, end of year: $130,088,029
Total liabilities, end of year: $84,227,180
Net assets or fund balances, end of year: $45,860,849
Program services expenses (Part IX): $88,273,763
Management and general expenses: $10,770,707
Fundraising expenses: $2,241,600
Program service expenses (Part III): $88,273,763

Program services were 87.2% 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.

1a · Federated campaigns

$0
1b · Membership dues

$0
1c · Fundraising events

$0
1d · Related organizations

$0
1e · Government grants (contributions)

$3,891,984
1f · All other contributions, gifts and grants

$6,001,772
1g · Noncash contributions included above

$0
2a · Program service revenue: Student Tuition and Fees

total $72,292,531 · related or exempt $72,292,531 · unrelated business $0 · excluded $0
2b · Program service revenue: Auxiliary Enterprises

total $12,582,206 · related or exempt $12,582,206 · unrelated business $0 · excluded $0
2f · All other program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
6c · Rental income or loss

real property $0 · personal property $0
7a · Gross sales of assets other than inventory

securities $11,368,320 · other assets $702,146
7b · Less cost or other basis and sales expenses

securities $10,736,393 · other assets $229,473
7c · Gain or loss

securities $631,927 · other assets $472,673
7d · Net gain or loss

total $1,104,600 · related or exempt $0 · unrelated business $0 · excluded $1,104,600
8a · Fundraising events: contributions included on line 1c

$0
11d · All other revenue

total $1,192,220 · related or exempt $1,162,440 · unrelated business $29,780 · excluded $0
11e · Other revenue, total

$1,192,220

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $0 · program services $0
2 · Grants to domestic individuals

total $19,029,704 · program services $19,029,704
3 · Grants to foreign organizations and individuals

total $128,500 · program services $128,500
4 · Benefits paid to or for members

total $0 · program services $0
5 · Compensation of officers, directors and key employees

total $1,346,312 · program services $355,068 · management and general $583,422 · fundraising $407,822
6 · Compensation of disqualified persons

total $0 · program services $0 · management and general $0 · fundraising $0
7 · Other salaries and wages

total $36,897,767 · program services $31,270,054 · management and general $4,679,018 · fundraising $948,695
8 · Pension plan contributions

total $680,531 · program services $260,227 · management and general $334,165 · fundraising $86,139
9 · Other employee benefits

total $5,651,184 · program services $5,651,184 · management and general $0 · fundraising $0
10 · Payroll taxes

total $2,750,175 · program services $2,277,582 · management and general $375,738 · fundraising $96,855
11a · Fees: management

total $0 · program services $0 · management and general $0 · fundraising $0
11b · Fees: legal

total $117,550 · program services $0 · management and general $117,550 · fundraising $0
11c · Fees: accounting

total $121,996 · program services $0 · management and general $121,996 · fundraising $0
11d · Fees: lobbying

total $0 · program services $0 · management and general $0 · fundraising $0
11e · Fees: professional fundraising services

total $0 · fundraising $0
11f · Fees: investment management

total $0 · program services $0 · management and general $0 · fundraising $0
11g · Fees: other

total $4,426,368 · program services $4,088,280 · management and general $301,073 · fundraising $37,015
12 · Advertising and promotion

total $573,322 · program services $31,709 · management and general $59,663 · fundraising $481,950
13 · Office expenses

total $1,575,345 · program services $1,483,372 · management and general $64,889 · fundraising $27,084
14 · Information technology

total $1,066,138 · program services $65,053 · management and general $1,001,083 · fundraising $2
15 · Royalties

total $1,523 · program services $1,523 · management and general $0 · fundraising $0
16 · Occupancy

total $4,028,001 · program services $3,778,577 · management and general $235,008 · fundraising $14,416
17 · Travel

total $1,433,877 · program services $1,156,927 · management and general $261,185 · fundraising $15,765
18 · Travel or entertainment for public officials

total $0 · program services $0 · management and general $0 · fundraising $0
19 · Conferences, conventions and meetings

total $273,524 · program services $206,645 · management and general $29,426 · fundraising $37,453
20 · Interest

total $1,721,326 · program services $1,548,790 · management and general $172,128 · fundraising $408
21 · Payments to affiliates

total $0 · program services $0 · management and general $0 · fundraising $0
22 · Depreciation, depletion and amortization

total $5,364,696 · program services $4,911,860 · management and general $452,557 · fundraising $279
23 · Insurance

total $896,772 · program services $205,037 · management and general $691,735 · fundraising $0
24a · Other expenses: Food Service-Auxiliary

total $3,996,223 · program services $3,996,223 · management and general $0 · fundraising $0
24b · Other expenses: Grounds Service

total $3,386,408 · program services $3,288,780 · management and general $83,118 · fundraising $14,510
24c · Other expenses: Custodial Services

total $2,518,888 · program services $2,446,270 · management and general $61,825 · fundraising $10,793
24e · All other expenses

total $3,299,940 · program services $2,092,398 · management and general $1,145,128 · fundraising $62,414

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $2,152 · end of year $1,814
2 · Savings and temporary cash investments

beginning of year $5,117,134 · end of year $4,867,899
3 · Pledges and grants receivable

beginning of year $992,397 · end of year $1,432,030
4 · Accounts receivable

beginning of year $9,139,924 · end of year $8,465,480
7 · Other notes and loans receivable

beginning of year $118,503 · end of year $78,972
8 · Inventories for sale or use

beginning of year $1,973 · end of year $1,656
9 · Prepaid expenses and deferred charges

beginning of year $525,484 · end of year $588,927
10a · Land, buildings and equipment: cost or other basis

$161,182,652
10b · Land, buildings and equipment: accumulated depreciation

$88,191,311
10c · Land, buildings and equipment, net

beginning of year $76,611,274 · end of year $72,991,341
11 · Investments: publicly traded securities

beginning of year $31,111,172 · end of year $31,017,799
12 · Investments: other securities

beginning of year $3,958,236 · end of year $5,616,627
13 · Investments: program-related

beginning of year $0 · end of year $0
14 · Intangible assets

beginning of year $0 · end of year $0
15 · Other assets

beginning of year $5,887,626 · end of year $5,025,484
17 · Accounts payable and accrued expenses

beginning of year $16,366,390 · end of year $17,416,588
19 · Deferred revenue

beginning of year $12,485,954 · end of year $12,181,756
20 · Tax-exempt bond liabilities

beginning of year $40,623,278 · end of year $39,787,857
25 · Other liabilities

beginning of year $17,326,917 · end of year $14,840,979
27 · Net assets without donor restrictions

beginning of year $7,339,630 · end of year $4,139,959
28 · Net assets with donor restrictions

beginning of year $39,323,706 · end of year $41,720,890

Mission and programs · 2024

Mission

We empower learners to achieve their career and life goals through personally enriching experiences and outstanding educational pathways.

Instruction and research to educate undergraduate & graduate students preparing them to achieve distinction in their chosen professions and inspiring them to become citizens committed to their community. Institutional Support for central and executive-level activities concerned with management and long-range planning for the entire institution.

Expenses $54,762,482 · Grants $19,158,204 · Revenue $72,292,531
Student Services provides support to instructional programs with an emphasis on student life outside the classroom. it includes areas such as athletics, student activities, career counseling and placement, etc.

Expenses $17,408,059 · Revenue $1,192,220
Academic support encompasses the areas of faculty and program development as well as resource centers including the library and various institutes designed to support the learning experience.

Expenses $5,376,653
Auxiliary Enterprises Expenses $10,726,569 Revenue $12,582,206.

Expenses $10,726,569 · Revenue $12,582,206

As filed on the 2024 return.

Listed in Part VII

Todd Pfannestiel

President

Total calculated

$449,772

From this org

$420,114

From related orgs

$0

Other

$29,658

Hours/week

37.5

Schedule J breakdown matched by us

Base

$420,011

Bonus

$0

Other

$103

Deferred

$9,375

Nontaxable benefits

$20,283

Filer's total

$449,772
Stephanie Nesbitt

Provost

Total calculated

$231,699

From this org

$211,509

From related orgs

$0

Other

$20,190

Hours/week

37.5

Schedule J breakdown matched by us

Base

$211,406

Bonus

$0

Other

$103

Deferred

$9,167

Nontaxable benefits

$11,023

Filer's total

$231,699
Robert Halliday

Professor of Philosophy

Total calculated

$214,668

From this org

$168,050

From related orgs

$0

Other

$46,618

Hours/week

37.5

Schedule J breakdown matched by us

Base

$167,892

Bonus

$0

Other

$158

Deferred

$19,280

Nontaxable benefits

$27,338

Filer's total

$214,668
Glen Hansen

Associate Professor of Accounting

Total calculated

$214,072

From this org

$167,385

From related orgs

$0

Other

$46,687

Hours/week

37.5

Schedule J breakdown matched by us

Base

$167,227

Bonus

$0

Other

$158

Deferred

$17,483

Nontaxable benefits

$29,205

Filer's total

$214,073
Polly Smith

Senior Vice President for Market Innovation & New Ventures/Associtae Provost for OES

Total calculated

$212,820

From this org

$196,357

From related orgs

$0

Other

$16,463

Hours/week

37.5

Schedule J breakdown matched by us

Base

$196,301

Bonus

$0

Other

$55

Deferred

$5,979

Nontaxable benefits

$10,484

Filer's total

$212,819
Patrice Hallock

Associate Dean School of Health Professions and Education

Total calculated

$197,181

From this org

$166,083

From related orgs

$0

Other

$31,098

Hours/week

37.5

Schedule J breakdown matched by us

Base

$165,924

Bonus

$0

Other

$158

Deferred

$7,981

Nontaxable benefits

$23,117

Filer's total

$197,180
Kristin Haag

Vice President of Financial Affairs/Treasurer

Total calculated

$170,929

From this org

$164,788

From related orgs

$0

Other

$6,141

Hours/week

37.5

Schedule J breakdown matched by us

Base

$164,733

Bonus

$0

Other

$55

Deferred

$4,667

Nontaxable benefits

$1,475

Filer's total

$170,930
William Sykes

Senior VP of Enrollment Management & Marketing

Total calculated

$169,887

From this org

$145,433

From related orgs

$0

Other

$24,454

Hours/week

37.5

Schedule J breakdown matched by us

Base

$145,396

Bonus

$0

Other

$37

Deferred

$8,000

Nontaxable benefits

$16,454

Filer's total

$169,887
Robert Brevenik

Trustee

Total calculated

$0

Hours/week

1.5
Jeremy Thurston

Chairperson

Total calculated

$0

Hours/week

1.5
Heidi Hoeller

Vice Chairperson

Total calculated

$0

Hours/week

1.5
Christian Meyer III

Trustee

Total calculated

$0

Hours/week

1.5
Kenneth Bell

Secretary

Total calculated

$0

Hours/week

1.5
Larry Bull

Trustee

Total calculated

$0

Hours/week

1.5
Gerard Capraro

Vice Chairperson

Total calculated

$0

Hours/week

1.5
John Casellini

Trustee

Total calculated

$0

Hours/week

1.5
Ronald Cuccaro

Trustee

Total calculated

$0

Hours/week

1.5
Harry Cynkus

Trustee

Total calculated

$0

Hours/week

1.5
Frederick Degen

Trustee

Total calculated

$0

Hours/week

1.5
Krista DiBeradino

Vice Chairperson

Total calculated

$0

Hours/week

1.5
James DuRoss

Trustee

Total calculated

$0

Hours/week

1.5
John Forte

Trustee

Total calculated

$0

Hours/week

1.5
Christopher Crolius

Trustee

Total calculated

$0

Hours/week

1.5
Samuel Hester

Trustee

Total calculated

$0

Hours/week

1.5
Daniel Jones

Trustee

Total calculated

$0

Hours/week

1.5
Wester Miga

Trustee

Total calculated

$0

Hours/week

1.5
Mark Pilipczuk

Trustee

Total calculated

$0

Hours/week

1.5
Eugene Quadraro Jr

Trustee

Total calculated

$0

Hours/week

1.5
Solade Rowe

Trustee

Total calculated

$0

Hours/week

1.5
John Snyder

Trustee

Total calculated

$0

Hours/week

1.5
Treesa Salter

Trustee

Total calculated

$0

Hours/week

1.5
Mikhail Bushiniski

Trustee

Total calculated

$0

Hours/week

1.5
Tanner Stewart

Trustee

Total calculated

$0

Hours/week

1.5
Jeffery Whalley

Trustee

Total calculated

$0

Hours/week

1.5
Tricia Rutkowski

Trustee

Total calculated

$0

Hours/week

1.5
Thomas Cole

Trustee

Total calculated

$0

Hours/week

1.5

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 · Travel for companions
1a · Tax indemnification and gross-up payments
1a · Discretionary spending account
1a · Housing allowance or residence for personal use
1a · Payments for business use of a personal residence
1a · Health or social club dues or initiation fees
1a · Personal services (maid, chauffeur, chef)
1b · Written policy on the line-1a expenses
2 · Substantiation required before reimbursing expenses
3 · Compensation committee
3 · Independent compensation consultant
3 · Written employment contract
3 · Compensation survey or study

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: The University president receives a housing stipend since the President's house serves as a meeting place for dignitaries and community leaders, as well as for other meeting and fundraising events. The University provides travel costs for the University President's spouse on certain business travel. The President had access to and the use of a Universities vehicle via a lease in which his personal mileage was taxable.

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: 2024
Filed: 15 April 2026
IRS schema version: 2024v5.0
Source object: 202621059349300742

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