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Nonprofiteer
← MARIST UNIVERSITY

Form 990 for tax year 2023

Filed by MARIST UNIVERSITY.

Totals

Total revenue
$379,482,585
Total expenses
$334,047,767
Contributions and grants received
$9,515,497
Grants paid
$106,925,443
Program service revenue
$313,705,393
Investment income
$50,386,029
Other revenue
$5,875,666
Total assets, end of year
$1,081,904,140
Total liabilities, end of year
$271,316,575
Net assets or fund balances, end of year
$810,587,565
Program services expenses (Part IX)
$304,850,649
Management and general expenses
$26,456,391
Fundraising expenses
$2,740,727
Program service expenses (Part III)
$304,850,649

Program services were 91.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • ROSS A MAURI

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • DIRK MCMAHON

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • GENINE MCCORMICK

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • CHRISTOPHER G MCCANN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • TIM TENNEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JAMES M BARNES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • STEVEN EFFRON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • GREG GARTLAND

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • STANLEY E HARRIS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DANIEL G HICKEY SR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JAMES P HONAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BROTHER JOHN KLEIN

    TRUSTEE (THRU 05/2024)

    Total calculated
    $0
    Hours/week
    1

  • RAJESH KOTHAPALLI

    TRUSTEE (AS OF 02/2024)

    Total calculated
    $0
    Hours/week
    1

  • NEIL BENDER

    TRUSTEE (THRU 02/2024)

    Total calculated
    $0
    Hours/week
    1

  • SUSAN L COHEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • STEPHEN COSGROVE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • LAURIE DEJONG

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARK V DENNIS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DONNA DILLENBERGER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • PATRICK M LAVELLE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MAUREEN O'ROURKE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ALVIN PATRICK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JEROME A PICKETT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ROBERT SHANAHAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DONALD DUET

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ROBERT R DYSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KRISTIN NOTO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ANTHONY LORELLO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • THOMAS M MURRAY

    TRUSTEE (AS OF 02/2024)

    Total calculated
    $0
    Hours/week
    1

  • CJAMES TAYLOR III

    TRUSTEE (AS OF 02/2024)

    Total calculated
    $0
    Hours/week
    1

  • ELIZABETH K VENUTI

    TRUSTEE (AS OF 02/2024)

    Total calculated
    $0
    Hours/week
    1

  • KEVIN WEINMAN

    PRESIDENT

    Total calculated
    $1,180,201
    From this org
    $972,219
    From related orgs
    $0
    Other
    $207,982
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $724,886
    Bonus
    $235,000
    Other
    $12,333
    Deferred
    $128,200
    Nontaxable benefits
    $79,782
    Filer's total
    $1,180,201

  • GEOFFREY L BRACKETT

    EXEC. VP FOR OPS & COMM. RELATIONS

    Total calculated
    $524,581
    From this org
    $443,251
    From related orgs
    $0
    Other
    $81,330
    Hours/week
    50 + 1 related

    Schedule J breakdown matched by us

    Base
    $431,785
    Bonus
    $2,000
    Other
    $9,466
    Deferred
    $39,600
    Nontaxable benefits
    $41,730
    Filer's total
    $524,581

  • ELIZABETH VEASEY

    VP OF BUSINESS AFFAIRS/CFO

    Total calculated
    $408,177
    From this org
    $334,187
    From related orgs
    $0
    Other
    $73,990
    Hours/week
    50 + 1 related

    Schedule J breakdown matched by us

    Base
    $319,737
    Bonus
    $14,000
    Other
    $450
    Deferred
    $31,172
    Nontaxable benefits
    $42,818
    Filer's total
    $408,177

  • THOMAS WERMUTH

    VP OF ACADEMIC AFFAIRS

    Total calculated
    $373,964
    From this org
    $322,766
    From related orgs
    $0
    Other
    $51,198
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $310,786
    Bonus
    $10,000
    Other
    $1,980
    Deferred
    $37,525
    Nontaxable benefits
    $13,673
    Filer's total
    $373,964

  • CATHERINE KODAT

    PROVOST & DEAN OF FACULTY

    Total calculated
    $356,251
    From this org
    $334,402
    From related orgs
    $0
    Other
    $21,849
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $299,444
    Bonus
    $30,000
    Other
    $4,958
    Deferred
    $21,126
    Nontaxable benefits
    $723
    Filer's total
    $356,251

  • EMILY SALAND - VP OF STRATEGIC

    INITIATIVES & CHIEF OF STAFF

    Total calculated
    $305,208
    From this org
    $234,384
    From related orgs
    $0
    Other
    $70,824
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $202,186
    Bonus
    $32,000
    Other
    $198
    Deferred
    $22,601
    Nontaxable benefits
    $48,223
    Filer's total
    $305,208

  • SEAN P KAYLOR

    VP OF ADMISSIONS & ENROLLMENT

    Total calculated
    $423,374
    From this org
    $343,227
    From related orgs
    $0
    Other
    $80,147
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $316,470
    Bonus
    $16,000
    Other
    $10,757
    Deferred
    $38,704
    Nontaxable benefits
    $41,443
    Filer's total
    $423,374

  • DARYL RICHARD

    VP FOR COMM. & MKTG.

    Total calculated
    $361,459
    From this org
    $341,758
    From related orgs
    $0
    Other
    $19,701
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $329,308
    Bonus
    $12,000
    Other
    $450
    Deferred
    $4,225
    Nontaxable benefits
    $15,476
    Filer's total
    $361,459

  • CHRISTOPHER DELGIORNO

    VP OF COLLEGE ADVANCEMENT

    Total calculated
    $343,979
    From this org
    $277,925
    From related orgs
    $0
    Other
    $66,054
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $271,254
    Bonus
    $0
    Other
    $6,671
    Deferred
    $29,050
    Nontaxable benefits
    $37,004
    Filer's total
    $343,979

  • DEBORAH DICAPRIO

    VP/DEAN OF STUDENT AFFAIRS

    Total calculated
    $327,750
    From this org
    $269,144
    From related orgs
    $0
    Other
    $58,606
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $264,620
    Bonus
    $0
    Other
    $4,524
    Deferred
    $30,464
    Nontaxable benefits
    $28,142
    Filer's total
    $327,750

  • SIMA SARAN AHUJA

    GENERAL COUNSEL

    Total calculated
    $267,785
    From this org
    $211,214
    From related orgs
    $0
    Other
    $56,571
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $198,936
    Bonus
    $12,000
    Other
    $278
    Deferred
    $15,375
    Nontaxable benefits
    $41,196
    Filer's total
    $267,785

  • JOHN DUNNE

    HEAD COACH, MEN'S BASKETBALL

    Total calculated
    $450,261
    From this org
    $411,838
    From related orgs
    $0
    Other
    $38,423
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $379,497
    Bonus
    $25,000
    Other
    $7,341
    Deferred
    $24,750
    Nontaxable benefits
    $13,673
    Filer's total
    $450,261

  • LEE MIRINGOFF

    DIRECTOR OF MIPO

    Total calculated
    $388,233
    From this org
    $323,475
    From related orgs
    $0
    Other
    $64,758
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $303,789
    Bonus
    $5,000
    Other
    $14,686
    Deferred
    $36,820
    Nontaxable benefits
    $27,938
    Filer's total
    $388,233

  • MICHAEL CAPUTO

    VP OF INFORMATION TECHNOLOGY/CIO

    Total calculated
    $381,579
    From this org
    $327,110
    From related orgs
    $0
    Other
    $54,469
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $318,820
    Bonus
    $7,000
    Other
    $1,290
    Deferred
    $24,354
    Nontaxable benefits
    $30,115
    Filer's total
    $381,579

  • ROGER NORTON

    DEAN, COMPUTER SCIENCE & MATH

    Total calculated
    $326,898
    From this org
    $266,793
    From related orgs
    $0
    Other
    $60,105
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $263,060
    Bonus
    $0
    Other
    $3,733
    Deferred
    $32,060
    Nontaxable benefits
    $28,045
    Filer's total
    $326,898

  • WILLIAM LAMB

    DEAN, SCHOOL OF MANAGEMENT

    Total calculated
    $308,600
    From this org
    $248,638
    From related orgs
    $0
    Other
    $59,962
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $242,611
    Bonus
    $5,000
    Other
    $1,027
    Deferred
    $18,651
    Nontaxable benefits
    $41,311
    Filer's total
    $308,600

  • DENNIS J MURRAY

    PRESIDENT EMERITUS

    Total calculated
    $875,495
    From this org
    $806,967
    From related orgs
    $0
    Other
    $68,528
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $623,678
    Bonus
    $0
    Other
    $183,289
    Deferred
    $39,600
    Nontaxable benefits
    $28,928
    Filer's total
    $875,495

  • JOHN RITSCHDORFF

    ASSOC. VP OF ACADEMIC AFFAIRS

    Total calculated
    $140,247
    From this org
    $113,345
    From related orgs
    $0
    Other
    $26,902
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $112,678
    Bonus
    $0
    Other
    $667
    Deferred
    $12,408
    Nontaxable benefits
    $14,494
    Filer's total
    $140,247

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 · 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
  • 8 · Paid under the initial-contract exception

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
  • 9 · Followed the rebuttable-presumption procedure

The filer's explanations (Part III)

PART I, LINE 1A
TRAVEL FOR COMPANIONS TRAVEL FOR COMPANION(S) IS VERY LIMITED AND ALWAYS INCLUDES A CLEAR BUSINESS PURPOSE FOR THE COMPANION(S) AND MUST BE PRE-APPROVED BY THE PRESIDENT. PRESIDENT'S COMPANION(S) IS APPROVED BY THE CHAIR OF BOARD OF TRUSTEES. ALL TRAVEL BENEFITS PROVIDED WERE DETERMINED TO BE FOR A BUSINESS PURPOSE AND THEREFORE NOT INCLUDED IN TAXES AND WAGES. PART I, QUESTION 1A: HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE THE PRESIDENT OF THE UNIVERSITY IS PROVIDED WITH HOUSING IN CLOSE PROXIMITY TO THE CAMPUS IN ORDER FOR THEM TO ATTEND TO EMERGENT SITUATIONS ON A 24/7 BASIS. THE HOUSING IS PROVIDED AS A CONDITION OF EMPLOYMENT, IS USED FOR UNIVERSITY BUSINESS AND ENTERTAINMENT PURPOSES AND AS A CONVENIENCE OF THE UNIVERSITY TO ENABLE THEM TO PERFORM THEIR DUTIES. FOR THE PRESIDENT, THE FAIR MARKET VALUE OF THE RESIDENCE IS SHOWN IN COLUMN D ON SCHEDULE J. THE AMOUNT IS BASED ON THE VALUE OF THE PROPERTY. THE PRESIDENT-EMERITUS IS PROVIDED WITH HOUSING AS PER THE TERMS OF THE EMPLOYMENT ARRANGEMENT. FOR THE PRESIDENT EMERITUS, THE VALUE IS CONSIDERED TAXABLE WAGES AND IS REPORTED IN COLUMN B(III) ON SCHEDULE J. PART I, QUESTION 1A: HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES THE UNIVERSITY PAYS CLUB MEMBERSHIP FEES FOR FOUR EXECUTIVES, WHICH ARE INTENDED TO BE USED EXCLUSIVELY FOR THE UNIVERSITY'S BUSINESS ENTERTAINMENT OR COLLEGE SPONSORED EVENTS. TO THE EXTENT THERE IS ANY PERSONAL USE OF THESE PRIVILEGES, THE INDIVIDUAL EXECUTIVES ARE TAXED OR REIMBURSE THE UNIVERSITY ON THE VALUE OF THE PERSONAL USE. PART I, LINE 3: THE EXECUTIVE COMMITTEE RECOMMENDS THE PRESIDENT'S COMPENSATION, WHICH IS APPROVED BY THE FULL BOARD OF TRUSTEES IN EXECUTIVE SESSION. THE RECOMMENDATION IS BASED ON THE OUTCOME OF THE PRESIDENT'S EVALUATION (WITH AN EMPHASIS ON PERFORMANCE), ADVICE FROM OUTSIDE COMPENSATION CONSULTANTS, AND A REVIEW OF RECENT DATA FROM THE UNIVERSITY AND UNIVERSITY PROFESSIONAL ASSOCIATION'S (CUPA) ADMINISTRATIVE COMPENSATION SURVEY. THE EXECUTIVE COMMITTEE ALSO DISCUSSES THE COMPENSATION OF OTHER LEADING COLLEGE AND UNIVERSITY PRESIDENTS, COMPARABLE NON-PROFIT EXECUTIVES, AND EXECUTIVES IN THE PRIVATE SECTOR. ON AN ANNUAL BASIS, THE UNIVERSITY'S EXECUTIVES CUPA COMPARATIVE DATA IS REVIEWED BY THE PRESIDENT. PART I, LINE 4B: SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN THE UNIVERSITY HAS IN PLACE A NON-QUALIFIED DEFERRED COMPENSATION PLAN FOR THE FORMER AS WELL AS THE CURRENT PRESIDENT. THIS DEFERRED COMPENSATION WAS PAID OUT TO THE FORMER PRESIDENT IN CALENDAR YEAR 2023 AND IS INCLUDED IN COLUMN B(III). ANNUAL ACCRUALS FOR THESE BENEFITS HAVE BEEN REPORTED DESPITE BEING SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE AND CONTINGENT UPON THE INDIVIDUALS'S CONTINUED EMPLOYMENT AT THE UNIVERSITY. THE VALUE OF THE ACCRUAL FOR THE PRESIDENT FOR CALENDAR YEAR 2023 IS INCLUDED IN THE DEFERRED COMPENSATION COLUMN (COLUMN C) OF SCHEDULE J.
PART I, LINE 7
NON-FIXED PAYMENTS ANNUALLY, PAY AWARDS WERE GIVEN IN RECOGNITION OF EMPLOYEES' CONTRIBUTIONS TO THE OVERALL SUCCESS OF THE UNIVERSITY. ANY VARIABLE PAY AWARDS IN FUTURE YEARS WILL BE CONTINGENT ON INDIVIDUAL PERFORMANCE AND THE CONTINUED SUCCESS OF THE UNIVERSITY.
PART I, LINE 8
FIXED PAYMENTS ASSOCIATED WITH THE CONTRACT ENTERED INTO WITH THE PRESIDENT ARE SUBJECT TO THE INITIAL CONTRACT EXCEPTION. THE TERMS OF THE CONTRACT WERE NEGOTIATED AT AN ARM'S LENGTH AND THE PRESIDENT WAS NOT A DISQUALIFIED PERSON IMMEDIATELY PRIOR TO ENTERING INTO THE INITIAL CONTRACT.

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

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.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • VAYU LLC

    EDUCATIONAL · NY · income $0 · assets $13,247,736

    Directly controlled by MARIST UNIVERSITY

  • MC REAL PROPERTY HOLDINGS LLC

    REAL ESTATE · DE · income $109,836 · assets $2,703,975

    Directly controlled by MARIST UNIVERSITY

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2023
Filed
6 May 2025
IRS schema version
2023v6.0
Source object
202531269349303343

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