Manhattan University EIN 13-1740468

Manhattan University

EIN  13-1740468 Higher education institution Riverdale, NY Founded 1863
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 7/5/26 · see original filing: IRS
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Size
$100M+
What they do
Provides a contemporary, person-centered higher education and residential campus experience that prepares students of all backgrounds for professional success and service to others.
Leadership
Dr Brennan O'Donnell · President Emeritus · $900K
Money in and out
$210.1M revenue, $213.0M expenses
Bottom line
-1% operating surplus

Provides a contemporary, person-centered higher education and residential campus experience that prepares students of all backgrounds for professional success and service to others. For fiscal year 2024 it reported $210.1M in revenue, $213.0M in expenses, and $317.9M in net assets.Pt I

Financial scale & money flow · FY2024
Total revenue
$210.1M
Pt VIII · Ln 12
Total expenses
$213.0M
Pt IX · Ln 25
Net assets
$317.9M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$2.9M
Where spending went · Part IX cols B–D
Program services $0.86 Management & general $0.11 Fundraising $0.03
Operating surplus
-1%
revenue over expenses, this legal entity▲ +87% vs prior filing year
Payroll share
33%
of this entity's spending is salaries & benefits▼ -10% vs prior filing year
Program spending
86%
of expenses reach program services▲ +1% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$210.1M
FY2024▲ +2%
Expenses
$213.0M
FY2024▼ -6%
Total assets
$428.4M
FY2024▲ +1%
Total liabilities
$110.5M
FY2024▼ -6%
Total revenue
$210.1M
Pt VIII · Ln 12
Total expenses
$213.0M
Pt IX · Ln 25
Net assets
$317.9M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$2.9M
Total assetsPt X · Ln 16$428.4M
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 323
Independent voting membersPt I · Ln 422
Mission & Programs · Part III

Where the work happens

2 program services account for $183.9M of program spending, described in the organization's own filed words · FY2024.
01

Manhattan university is an independent catholic institution of higher learning that offers the variety of academic programming found at a large university, but with the personalized learning experience of a small, liberal arts school.

$171.4Mprogram expense
02

Auxiliary services include the cost of room and board for approximately 954 full time undergraduate students and 32 graduate students living in traditional residence hall, suite and apartment style buildings on our 22 acre campus. The university offers a four year guarantee of resident housing.

$12.5Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CManhattan University
EINHdr · item D13-1740468
Principal addressHdr · item CRiverdale, NY
WebsiteHdr · item Jwww.manhattan.edu
Year of formationHdr · item L1863
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFColleges & Universities (B430)
Ruling yearIRS BMFFeb 1929

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a23
Independent voting membersPt VI · Ln 1b22
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President Emeritus
$899,742Pt VII · Sec A
President (end October 2024)
$463,082Pt VII · Sec A
Vice President, Assistant Treasurer
$383,667Pt VII · Sec A
Vice President Finance & CFO, Treasurer
$374,036Pt VII · Sec A
Vice President and General Counsel
$359,398Pt VII · Sec A
EVP of Business Operations and Interim Provost (jan-June 2025)
$348,891Pt VII · Sec A
Head Coach, Men's Basketball
$345,867Pt VII · Sec A
Dean School of Business
$270,383Pt VII · Sec A

Dr Brennan O'Donnell’s $900K as President Emeritus is at the 70th percentile of top reported officer pay among 674 $100M+ education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Dr Brennan O'Donnell$899,742$833,413$725,080$921,965
Dr Brennan O'Donnell$591,349$589,774
Dr Milo Riverso$463,082$231,568
Stephen Masiello$447,780$455,265
Matthew McManness$103,821$423,117$440,576$355,915
Stephen Masiello Head Coach$439,979
Stephen Masiello$427,194
Matthew McManness$392,016$315,466

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Manhattan University executive salaries →

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Statement of Revenue

Part VIII
Program service revenue$175.9M · 84%
Contributions & grants$21.1M · 10%
Investment income$5.8M · 3%
Other revenue$7.3M · 3%
Program service revenue84%$175.9M
Contributions & grants10%$21.1M
Investment income3%$5.8M
Other revenue3%$7.3M
— government grantsLn 1e$3.4M
Total revenueLn 12$210.1M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.11 Fundraising $0.03
Program services86%$183.9M
Management & general11%$23.7M
Fundraising3%$5.4M
Total functional expensesLn 25$213.0M

Balance Sheet

Part X · end of year
CashLn 1$17.9M
Total assetsLn 16$428.4M
Total liabilitiesLn 26$110.5M
Total net assetsLn 32$317.9M
Months of cash on handcomputed1.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $179.6M · Operating expenses (Pt IX) $213.0M · Less non-cash grants $1.4M · Cash operating expenses/yr $211.6M
10.2 months
Where the money goes
Program services
Program services $183.9M · Total expenses $213.0M
86%
Management & General
Management & general $23.7M · Total expenses $213.0M
11%
Fundraising
Fundraising $5.4M · Total expenses $213.0M
3%
Cost to raise $1
Fundraising expense (3-yr avg) $5.5M · Solicited contributions (3-yr avg) $17.5M
$0.31 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $21.1M · Total revenue $210.1M
10%
Government reliance
Government grants $3.4M · Total revenue $210.1M
2%
Earned-income share
Program service revenue $175.9M · Total revenue $210.1M
84%
Investment reliance
Investment income $5.8M · Total revenue $210.1M
+3%
Program self-sufficiency
Program service revenue $175.9M · Total expenses $213.0M
83%
Growth & trend
Revenue growth (YoY)
This year $210.1M · Prior year $206.1M
+2%
Revenue CAGR
FY2019 $214.3M · FY2024 $210.1M
0%
Net-asset trend (YoY)
End of year $317.9M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $210.1M · Expenses $213.0M
-1%
Liabilities-to-Assets
Total liabilities — · Total assets $428.4M
Net-asset ratio
Net assets $317.9M · Total assets $428.4M
74%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $158.8M · Other securities (Pt X, ln 12) $3.0M · Total assets (Pt X, ln 16) $428.4M
38%
People & payroll
Highest Reported Total Compensation
Individual Dr Brennan O'Donnell · Reported title PRESIDENT EMERITUS · Highest reported compensation $900K · Total expenses $213.0M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $70.2M · Total expenses $213.0M
33%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 86%
Overhead ratio 11%
Fundraising cost ratio 25%
Revenue growth 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 2 funders$31K
Grants paid · 20 grants · $476.5M · 2019–2024
Unitemized GrantFY2024$75,442,016
Unitemized GrantFY2024$3,347,024
Unitemized GrantFY2024$1,815,490
Unitemized GrantFY2023$76,710,328
Unitemized GrantFY2023$4,008,718
Unitemized GrantFY2023$1,892,526
Unitemized GrantFY2022$74,794,305
Unitemized GrantFY2022$4,361,685
Unitemized GrantFY2022$1,902,169
Unitemized GrantFY2021$72,649,517
Unitemized GrantFY2021$3,174,470
Unitemized GrantFY2021$1,537,540
Unitemized GrantFY2020$69,982,570
Unitemized GrantFY2020$5,954,421
Unitemized GrantFY2020$3,087,690
Unitemized GrantFY2020$1,170,345
Unitemized GrantFY2019$69,938,553
Unitemized GrantFY2019$2,087,377
See all 20 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$206.1M revenue · ⤓ 990 PDF
FY2023$226.8M revenue · ⤓ 990 PDF
FY2022$221.7M revenue · ⤓ 990 PDF
FY2021$212.9M revenue · ⤓ 990 PDF
FY2020$214.3M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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