Mercy University

Tax-deductible

Dobbs Ferry, NY501(c)(3)Since 1950Colleges & UniversitiesEIN 13-1967321

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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.

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
Run by 17 volunteers and 2,508 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $12.4M a year · 6% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$4.8M
to officers and key staff · 2% of spending
Top officer’s pay lower than 51% of similar orgs
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $15K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$251.7M
35% of total assets
Looks good: liabilities are 35% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 23 voting members
Looks good: 16 of 23 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$228.0M
+12% vs prior year
Spent
$214.2M
To programs
80%
Net assets
$474.9M
By yearFY2020–FY2024
Revenue
$228.0M
FY2024▲ +12%
Revenue by fiscal year
FY2020$212.4M
FY2021$205.2M
FY2022$239.5M
FY2023$202.3M
FY2024$202.7M
FY2024$228.0M
Expenses
$214.2M
FY2024▲ +4%
Expenses by fiscal year
FY2020$200.1M
FY2021$189.3M
FY2022$209.0M
FY2023$195.8M
FY2024$205.8M
FY2024$214.2M
Net assets
$474.9M
FY2024▲ +7%
Net assets by fiscal year
FY2020$332.7M
FY2021$411.2M
FY2022$396.1M
FY2023$429.3M
FY2024$445.4M
FY2024$474.9M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1971.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $170.9M Management & general 20% · $41.8M Fundraising 1% · $1.5M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

39 people listed on the 990; $4.8M paid to officers and key staff.

Part VII, Section A · reportable compensation
President
$567,734Pt VII · Sec A
Provost (thru 05/2025)
$467,399Pt VII · Sec A
VP, Admissions
$343,552Pt VII · Sec A
VP, Operations & Facilities
$333,685Pt VII · Sec A
Chief of Staff (thru 05/2025)
$296,100Pt VII · Sec A
Financial Officer (thru 08/2024)
$288,146Pt VII · Sec A
Dean, School of Nursing
$287,711Pt VII · Sec A
Chief Information Officer
$283,902Pt VII · Sec A

Susan Parish’s $568K as President is at the 49th 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
Timothy L Hall—$473,698$757,418$732,851$658,399$639,207
Susan Parish$567,734$285,910————
Eva Fernandez$467,399$358,265$163,146———
Donald B Aungst—————$384,663
Adam J Castro$343,552$304,726$298,779$282,368——
Thomas Simmonds$333,685$305,019$308,102$288,149$270,462$277,546
Jose Herrera———$207,351$327,709$331,659
Brett Carroll—$327,693$327,949$307,145$249,673—

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.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Educates students in liberal arts, sciences, business, education, and professional programs.

Provided by the organization

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1 program service account for $170.9M of program spending, described in the organization's own filed words · FY2024.
01

Mercy university is a private, non-sectarian, non-profit institution accredited by the middle states commission on higher educationanddriven by a student-centered mission: to change lives through the power of higher education.

$170.9Mprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$15K
Grants paid · 3 grants · $83.0M · 2023–2024
Unitemized GrantFY2024$43,395,708
Unitemized GrantFY2023$33,627,762
Unitemized GrantFY2023$6,023,139

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$228.0M
Ln 12
Fees for servicesLn 2g$187.8M
Investment incomeLn 3$21.7M
Gifts and grantsLn 1h$17.3M
Money outPt IX
$214.2M
Ln 25
Programscol B$170.9M
Managementcol C$41.8M
Fundraisingcol D$1.5M
Owns and owesPt X
$474.9M
net assets · Ln 32
Cash and savingsLn 1–2$77.8M
Total assetsLn 16$726.6M
LiabilitiesLn 26$251.7M
PeoplePt VI, VII
39
listed · VII A
PaidVII A21
Voting boardVI 1a23
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$17.3M
Government grantsLn 1e$14.0M
Noncash giftsLn 1g$362K
Fundraising eventsLn 1c$412K
Fees for servicesLn 2g$187.8M
Investment incomeLn 3$21.7M
Other incomeLn 4–11$1.2M
Gains on assetsLn 7$16.6M
Total revenueLn 12$228.0M
Assets in detailPt X, end of year
CashLn 1$61.2M
SavingsLn 2$16.6M
Cash and savings togetherLn 1–2$77.8M
InvestmentsLn 11–13$353.2M
Land, buildings, equipmentLn 10c$104.8M
Other assetsLn 15$171.6M
Total assetsLn 16$726.6M
LiabilitiesLn 26$251.7M
Net assetsLn 32$474.9M
OperationsPt I, VI
EmployeesI 52,508
VolunteersI 617
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$59.4M$77.8M
InvestmentsLn 11–13$329.9M$353.2M
Land, buildings, equipmentLn 10c$105.7M$104.8M
Total assetsLn 16$696.4M$726.6M
LiabilitiesLn 26$251.0M$251.7M
Net assetsLn 32$445.4M$474.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$43.4M$43.4M
Grants and assistance to foreign recipientsLn 3$938K$938K
Pay of current officers, directors and key staffLn 5$4.1M$3.2M$884K$33K
Pay of disqualified personsLn 6$615K$484K$126K$5K
Other salaries and wagesLn 7$71.4M$57.0M$13.9M$562K
Pension plan contributionsLn 8$3.6M$2.4M$1.1M$28K
Other employee benefitsLn 9$11.9M$8.0M$3.8M$93K
Payroll taxesLn 10$6.1M$4.1M$1.9M$48K
Legal feesLn 11b$530K$530K
Accounting feesLn 11c$226K$226K
Professional fundraising feesLn 11e$6K$6K
Investment management feesLn 11f$1.3M$1.3M
Other fees for servicesLn 11g$16.3M$10.2M$6.0M$98K
Advertising and promotionLn 12$3.3M$875$3.2M$58K
Office expensesLn 13$2.6M$1.2M$1.3M$47K
Information technologyLn 14$5.3M$2.6M$2.6M$63K
OccupancyLn 16$16.1M$15.1M$867K$162K
TravelLn 17$2.2M$1.5M$710K$13K
Conferences, conventions and meetingsLn 19$1.3M$1.0M$191K$79K
InterestLn 20$1.9M$1.8M$117K$19K
Depreciation, depletion and amortizationLn 22$9.3M$8.7M$558K$93K
InsuranceLn 23$1.2M$2K$1.2M
Other expenses (24a–d)Ln 24$10.0M$8.7M$1.2M$93K
All other expensesLn 24e$552K$527K$22K$2K
Total functional expensesLn 25$214.2M$170.9M$41.8M$1.5M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $202.7M$205.8M−$3.1M$445.4M 990 PDF
FY2023 $202.3M$195.8M$6.5M$429.3M 990 PDF
FY2022 $239.5M$209.0M$30.4M$396.1M 990 PDF
FY2021 $205.2M$189.3M$15.9M$411.2M 990 PDF
FY2020 $212.4M$200.1M$12.3M$332.7M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $227,950,801 across 12 lines filed
Lines not itemized here account for $96,260 of total revenue; see the IRS return.
VIII-1c Fundraising events$412,365
VIII-1e Government grants$13,997,024
VIII-1f All other contributions, gifts and grants$2,841,905
VIII-1g Noncash contributions (included above)$361,942
VIII-1h Total contributions, gifts and grants$17,251,294
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $187,817,094$187,817,094
VIII-3 Investment incomeUnrelated business −$481,132 · Excluded from tax $5,558,534$5,077,402
VIII-6 Net rental income or lossExcluded from tax $838,399$838,399
VIII-7 Net gain or loss on sales of assetsExcluded from tax $16,628,492$16,628,492
VIII-8 Net income from fundraising eventsExcluded from tax −$60,622−$60,622
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $210,047 · Excluded from tax $92,435$302,482
VIII-12 Total revenueRelated to mission $188,060,746 · Unrelated business −$481,132 · Excluded from tax $23,119,893$227,950,801
Part IX · Statement of functional expenses $214,230,712 across 24 lines filed
IX-2 Grants to domestic individualsPrograms $43,395,708$43,395,708
IX-3 Grants and assistance to foreign recipientsPrograms $938,182$938,182
IX-5 Pay of current officers, directors and key staffPrograms $3,220,790 · Management $884,183 · Fundraising $32,540$4,137,513
IX-6 Pay of disqualified personsPrograms $483,681 · Management $126,005 · Fundraising $4,834$614,520
IX-7 Other salaries and wagesPrograms $56,968,935 · Management $13,902,267 · Fundraising $562,149$71,433,351
IX-8 Pension plan contributionsPrograms $2,419,982 · Management $1,147,120 · Fundraising $28,179$3,595,281
IX-9 Other employee benefitsPrograms $8,003,997 · Management $3,794,055 · Fundraising $93,202$11,891,254
IX-10 Payroll taxesPrograms $4,081,472 · Management $1,934,699 · Fundraising $47,526$6,063,697
IX-11b Legal feesManagement $529,685$529,685
IX-11c Accounting feesManagement $226,200$226,200
IX-11e Professional fundraising feesFundraising $6,300$6,300
IX-11f Investment management feesManagement $1,297,422$1,297,422
IX-11g Other fees for servicesPrograms $10,230,279 · Management $5,973,728 · Fundraising $97,535$16,301,542
IX-12 Advertising and promotionPrograms $875 · Management $3,220,271 · Fundraising $58,153$3,279,299
IX-13 Office expensesPrograms $1,228,702 · Management $1,335,121 · Fundraising $47,324$2,611,147
IX-14 Information technologyPrograms $2,632,253 · Management $2,596,870 · Fundraising $62,749$5,291,872
IX-16 OccupancyPrograms $15,076,629 · Management $866,611 · Fundraising $161,937$16,105,177
IX-17 TravelPrograms $1,495,319 · Management $710,095 · Fundraising $12,635$2,218,049
IX-19 Conferences, conventions and meetingsPrograms $1,013,589 · Management $190,893 · Fundraising $78,873$1,283,355
IX-20 InterestPrograms $1,808,953 · Management $116,707 · Fundraising $19,451$1,945,111
IX-22 Depreciation, depletion and amortizationPrograms $8,650,235 · Management $558,080 · Fundraising $93,013$9,301,328
IX-23 InsurancePrograms $2,346 · Management $1,197,299$1,199,645
IX-24 Other expenses (24a–d)Programs $8,727,132 · Management $1,192,745 · Fundraising $93,270$10,013,147
IX-24e All other expensesPrograms $527,299 · Management $22,366 · Fundraising $2,262$551,927
IX-25 Total functional expensesPrograms $170,906,358 · Management $41,822,422 · Fundraising $1,501,932$214,230,712
Part X · Balance sheet $726,585,185 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $43,143,780$61,153,945
X-2 Savings and temporary cash investmentsStart of year $16,231,355$16,632,351
X-3 Pledges and grants receivableStart of year $4,126,083$1,961,186
X-4 Accounts receivableStart of year $17,526,042$15,584,277
X-9 Prepaid expenses and deferred chargesStart of year $1,110,472$1,660,516
X-10c Land, buildings and equipment, netStart of year $105,680,944$104,797,312
X-11 Publicly traded securitiesStart of year $94,356,554$90,009,381
X-12 Other securitiesStart of year $235,573,123$263,173,249
X-15 Other assetsStart of year $178,315,893$171,612,968
X-16 Total assetsStart of year $696,385,098$726,585,185
X-17 Accounts payable and accrued expensesStart of year $8,653,916$13,778,478
X-19 Deferred revenueStart of year $5,148,920$7,020,486
X-20 Tax-exempt bond liabilitiesStart of year $38,088,840$38,027,148
X-25 Other liabilitiesStart of year $191,250,800$186,253,649
X-26 Total liabilitiesStart of year $250,955,625$251,715,078
X-27 Net assets without donor restrictionsStart of year $423,085,791$450,570,753
X-28 Net assets with donor restrictionsStart of year $22,343,682$24,299,354
X-32 Total net assets or fund balancesStart of year $445,429,473$474,870,107
X-33 Total liabilities and net assetsStart of year $696,385,098$726,585,185
Part XI · Reconciliation of net assets $474,870,107 net assets at year end
XI-1 Total revenue$227,950,801
XI-2 Total expenses$214,230,712
XI-3 Revenue less expenses$13,720,089
XI-4 Net assets at start of year$445,429,473
XI-5 Net unrealized gains (losses) on investments$20,955,694
XI-9 Other changes in net assets−$5,235,149
XI-10 Net assets at end of year$474,870,107

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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