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Nonprofiteer
← Rensselaer Hartford Graduate Center Inc

Form 990 for tax year 2022

Filed by Rensselaer Hartford Graduate Center Inc.

Totals

Total revenue
$2,363,236
Total expenses
$4,444,337
Contributions and grants received
$4,008
Grants paid
$341,776
Program service revenue
$2,374,084
Investment income
-$152,670
Other revenue
$137,814
Total assets, end of year
$4,592,441
Total liabilities, end of year
$3,060,688
Net assets or fund balances, end of year
$1,531,753
Program services expenses (Part IX)
$4,186,020
Management and general expenses
$258,317
Fundraising expenses
$0
Program service expenses (Part III)
$4,186,020

Program services were 94.2% 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.

  • 1f · All other contributions, gifts and grants

    $4,008

  • 2a · Program service revenue: Graduate Tuition

    total $2,374,084 · related or exempt $2,374,084

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $157,145 · excluded $157,145

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    other assets $2,727

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

    other assets $312,542

  • 7c · Gain or loss

    securities $0 · other assets -$309,815

  • 7d · Net gain or loss

    total -$309,815 · related or exempt -$309,815

  • 11a · Other revenue: Misc Revenue

    total $137,814 · related or exempt $137,814

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $137,814

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $341,776 · program services $341,776

  • 5 · Compensation of officers, directors and key employees

    total $326,039 · program services $326,039

  • 7 · Other salaries and wages

    total $1,816,082 · program services $1,721,609 · management and general $94,473

  • 9 · Other employee benefits

    total $607,604 · program services $604,455 · management and general $3,149

  • 11g · Fees: other

    total $261,652 · program services $207,317 · management and general $54,335 · fundraising $0

  • 12 · Advertising and promotion

    total $376,565 · program services $376,565

  • 13 · Office expenses

    total $51,066 · program services $48,799 · management and general $2,267

  • 14 · Information technology

    total $82,419 · program services $82,419

  • 16 · Occupancy

    total $324,397 · program services $257,061 · management and general $67,336

  • 17 · Travel

    total $40,545 · program services $40,458 · management and general $87

  • 19 · Conferences, conventions and meetings

    total $4,231 · program services $4,231

  • 22 · Depreciation, depletion and amortization

    total $64,955 · program services $51,463 · management and general $13,492

  • 24a · Other expenses: Publication

    total $11,262 · program services $11,262

  • 24b · Other expenses: Other Misc

    total $135,744 · program services $112,566 · management and general $23,178

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 4 · Accounts receivable

    beginning of year $246,908

  • 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

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

    $16,170,285

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

    $15,046,283

  • 10c · Land, buildings and equipment, net

    beginning of year $1,501,498 · end of year $1,124,002

  • 11 · Investments: publicly traded securities

    beginning of year $3,281,791 · end of year $3,468,439

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $24,431 · end of year $992,834

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $1,888,842 · end of year $2,067,854

  • 27 · Net assets without donor restrictions

    beginning of year $3,087,800 · end of year $1,502,629

  • 28 · Net assets with donor restrictions

    beginning of year $29,124 · end of year $29,124

Mission and programs · 2022

Mission

Rensselaer Hartford Graduate Center Inc exists to meet the lifelong learning needs of the experienced professional. We are committed to anticipating and responding to changing individual and organizational needs with high quality programs.

  • Graduate Programs: Rensselaer Hartford is accredited by the Middle State Association of Colleges and Schools, by the Board of Governors for Higher Education of the State of Connecticut, and a number of professional and academic societies. Rensselaer's Lally School of Management and Technology is an accredited member of AACSB International, the Association to Advance Collegiate Schools of Business International. In fiscal year 2023, approximately 3 graduate programs were offered. The number of students and credit hours for FY23 are as follows: Fall - 103 students; 387 Credits Spring- 112 students; 453 Credits

    Expenses $4,186,020 · Grants $341,776 · Revenue $2,374,084

As filed on the 2022 return.

Listed in Part VII

  • Craig Cook

    Secretary

    Total calculated
    $531,355
    From this org
    $0
    From related orgs
    $489,893
    Other
    $41,462
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $466,500 related
    Bonus
    $0 + $15,000 related
    Other
    $0 + $8,393 related
    Deferred
    $0 + $25,720 related
    Nontaxable benefits
    $0 + $15,742 related
    Filer's total
    $0 + $531,355 related

  • Curtis Powell

    Trustee

    Total calculated
    $630,664
    From this org
    $0
    From related orgs
    $590,273
    Other
    $40,391
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $553,452 related
    Bonus
    $0 + $25,000 related
    Other
    $0 + $11,821 related
    Deferred
    $0 + $24,649 related
    Nontaxable benefits
    $0 + $15,742 related
    Filer's total
    $0 + $630,664 related

  • Eileen McLoughlin

    Treasurer

    Total calculated
    $503,703
    From this org
    $0
    From related orgs
    $442,630
    Other
    $61,073
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $410,298 related
    Bonus
    $0 + $20,000 related
    Other
    $0 + $12,332 related
    Deferred
    $0 + $34,424 related
    Nontaxable benefits
    $0 + $26,649 related
    Filer's total
    $0 + $503,703 related

  • Martin Schmidt

    President

    Total calculated
    $563,214
    From this org
    $0
    From related orgs
    $530,942
    Other
    $32,272
    Hours/week
    2 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $500,000 related
    Bonus
    $0
    Other
    $0 + $30,942 related
    Deferred
    $0 + $24,400 related
    Nontaxable benefits
    $0 + $7,872 related
    Filer's total
    $0 + $563,214 related

  • Prabhat Hajela

    Trustee

    Total calculated
    $622,064
    From this org
    $0
    From related orgs
    $580,896
    Other
    $41,168
    Hours/week
    2 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $552,186 related
    Bonus
    $0 + $17,000 related
    Other
    $0 + $11,710 related
    Deferred
    $0 + $25,426 related
    Nontaxable benefits
    $0 + $15,742 related
    Filer's total
    $0 + $622,064 related

  • Aric Krause

    Dean, Academic & Administrative Affairs

    Total calculated
    $351,098
    From this org
    $307,416
    From related orgs
    $0
    Other
    $43,682
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $300,252
    Bonus
    $0
    Other
    $7,164
    Deferred
    $23,578
    Nontaxable benefits
    $20,104
    Filer's total
    $351,098

  • Ernest Katzwinkel

    Officer

    Total calculated
    $253,176
    From this org
    $0
    From related orgs
    $232,248
    Other
    $20,928
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $232,248 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $18,390 related
    Nontaxable benefits
    $0 + $2,538 related
    Filer's total
    $0 + $253,176 related

  • Bonnie Blumer

    Director, Marketing and Partnerships

    Total calculated
    $110,868
    From this org
    $102,414
    From related orgs
    $0
    Other
    $8,454
    Hours/week
    40

  • Christopher Tong

    Professor of Practice

    Total calculated
    $131,397
    From this org
    $106,611
    From related orgs
    $0
    Other
    $24,786
    Hours/week
    40

  • Ernesto Gutierrez-Miravete

    Professor of Practice

    Total calculated
    $157,128
    From this org
    $102,927
    From related orgs
    $0
    Other
    $54,201
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $100,877
    Bonus
    $0
    Other
    $2,050
    Deferred
    $8,841
    Nontaxable benefits
    $45,360
    Filer's total
    $157,128

  • Michael Hughes

    Sr. Lecturer

    Total calculated
    $137,621
    From this org
    $121,586
    From related orgs
    $0
    Other
    $16,035
    Hours/week
    40

  • Shirley Ann Jackson

    Former President

    Total calculated
    $2,517,655
    From this org
    $0
    From related orgs
    $2,466,713
    Other
    $50,942
    Hours/week
    2 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $2,149,116 related
    Bonus
    $0 + $250,000 related
    Other
    $0 + $67,597 related
    Deferred
    $0 + $24,400 related
    Nontaxable benefits
    $0 + $26,542 related
    Filer's total
    $0 + $2,517,655 related

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

None.

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

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.

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.

  • CRAT(1)

    Trust · Trust · NY

    Directly controlled by RPI

  • Pooled Income Fund (2)

    Trust · Trust · NY

    Directly controlled by RPI

  • CRUT(8)

    Trust · Trust · NY

    Directly controlled by RPI

  • External Trusts (10)

    Trust · Trust · NY

    Directly controlled by RPI

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202431369349307813

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