Skidmore College

Tax-deductible

Saratoga Spgs, NY501(c)(3)Since 1903Colleges & UniversitiesEIN 14-1338562Revenue $286.9M in FY2025

On file with the IRSskidmore.edu815 N Broadway, 12866-1632 · Saratoga Spgs, NYTax-exempt since Jan 1939School — 170(b)(1)(A)(ii)

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Higher education

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
Run by 2,707 volunteers and 3,316 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $26.2M a year · 10% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
84%
of spending
Looks good: 84% 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 higher than 57% of similar orgs
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
8
named funders · $268K
Looks good: 8 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$158.8M
15% of total assets
Looks good: liabilities are 15% of assets; 50% or less.
Pt X · Ln 26
Independent board members
26
of 27 voting members
Looks good: 26 of 27 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$286.9M
-2% vs prior year
Spent
$268.2M
To programs
84%
Net assets
$914.7M
By yearFY2020–FY2025
Revenue
$286.9M
FY2025▼ -2%
Tap a bar for its year
Revenue by fiscal year
FY2020$241.5M
FY2021$226.4M
FY2022$268.7M
FY2023$269.4M
FY2024$292.6M
FY2025$286.9M
Expenses
$268.2M
FY2025▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020$214.5M
FY2021$207.0M
FY2022$229.3M
FY2023$246.6M
FY2024$262.7M
FY2025$268.2M
Net assets
$914.7M
FY2025▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$653.2M
FY2021$826.1M
FY2022$800.6M
FY2023$795.9M
FY2024$878.0M
FY2025$914.7M

From the FY2025 Form 990 (year ending May 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1939.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $225.6M Management & general 13% · $35.9M Fundraising 2% · $6.6M

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

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

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President
$664,356Pt VII · Sec A
VP Finance & Admin, Treasurer
$332,447Pt VII · Sec A
Dean & VP for Academic Affairs
$321,969Pt VII · Sec A
VP Strategic Plan/Inst Development
$300,054Pt VII · Sec A
VP for Advancement
$298,372Pt VII · Sec A
VP/Dean Student Affairs
$275,947Pt VII · Sec A
Professor
$244,727Pt VII · Sec A
VP HR/General Counsel
$239,113Pt VII · Sec A

Marc Conner’s $664K as President is at the 57th 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Marc Conner$664,356$581,750$576,205$537,853$250,160—
Philip a Glotzbach———$270,803$503,823$502,935
Barbara Beck—————$376,822
Daniel Konstalid$332,447—————
Donna Ng——$305,841$326,906$282,514$294,368
Dorothy Knight-Mosby$321,969—————
Mary Lou Bates——$265,514$308,589$293,413$248,820
Joshua Woodfork$300,054$280,386$265,763$268,232$270,521$230,412

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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides undergraduate and graduate higher education, including administrative and operational support for students and faculty.

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Provided by the organization

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3 programs · $164.6M · in their own filed words · FY2024
01

Student Aid

Includes expenses for scholarships in the form of grants to students, resulting from selection by the institution from a needs-based program. Currently, approximately 54.6% of skidmore students are receiving scholarships, grants, loans, AND/OR work awards which are offered singly or in various combinations.

$77.2Mprogram expense
02

Instruction and Research

Includes all expenses for all activities that are a part of the college's instructional program. The college provides liberal arts education to approximately 2700 students and maintains a student to faculty ratio of approximately 8:1.

$58.7Mprogram expense
03

Institutional Support

Includes expenses for central administrative level activities concerned with management of the entire institution. Organizational units include fiscal operations, planning and budgeting, human resources, purchasing, campus safety, information technology, etc.

$28.7Mprogram expense

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
See all 8 funders →
Grants paid · 32 grants · $398.3M · 2019–2024
Unitemized GrantFY2024$77,175,000
Media Alliance INCNY · FY2024$9,000
Unitemized GrantFY2023$73,338,000
Black Dimensions in Art INCNY · FY2023$10,000
Stomping Ground Camp INCNY · FY2023$5,000
Kanatsiohareke INCNY · FY2023$5,000
Unitemized GrantFY2022$69,786,000
Ndakinna Education CenterNY · FY2022$10,000
Project Pericles INCNY · FY2022$5,000
Media Alliance INCNY · FY2022$5,000
Unitemized GrantFY2021$64,624,311
See all 32 grants →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$286.9M
Ln 12
Fees for servicesLn 2g$229.6M
Investment incomeLn 3$29.1M
Gifts and grantsLn 1h$27.8M
Money outPt IX
$268.2M
Ln 25
Programscol B$225.6M
Managementcol C$35.9M
Fundraisingcol D$6.6M
Owns and owesPt X
$914.7M
net assets · Ln 32
Cash and savingsLn 1–2$29.4M
Total assetsLn 16$1.1B
LiabilitiesLn 26$158.8M
PeoplePt VI, VII
49
listed · VII A
PaidVII A19
Voting boardVI 1a27
IndependentVI 1b26
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$27.8M
Government grantsLn 1e$3.4M
Noncash giftsLn 1g$6.1M
Fundraising eventsLn 1c$14K
Fees for servicesLn 2g$229.6M
Investment incomeLn 3$29.1M
Other incomeLn 4–11$396K
Gains on assetsLn 7$23.1M
Total revenueLn 12$286.9M
Assets in detailPt X, end of year
CashLn 1$229K
SavingsLn 2$29.2M
Cash and savings togetherLn 1–2$29.4M
InvestmentsLn 11–13$654.2M
Land, buildings, equipmentLn 10c$367.8M
Total assetsLn 16$1.1B
LiabilitiesLn 26$158.8M
Net assetsLn 32$914.7M
OperationsPt I, VI
EmployeesI 53,316
VolunteersI 62,707
Fiscal year endsHeaderMay
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 FY25End FY25
Cash and savingsLn 1–2$45.3M$29.4M
InvestmentsLn 11–13$623.8M$654.2M
Land, buildings, equipmentLn 10c$357.3M$367.8M
Total assetsLn 16$1.05B$1.07B
LiabilitiesLn 26$169.8M$158.8M
Net assetsLn 32$878.0M$914.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$49K$49K
Grants to domestic individualsLn 2$77.2M$77.2M
Pay of current officers, directors and key staffLn 5$3.0M$837K$1.9M$314K
Other salaries and wagesLn 7$80.4M$63.5M$13.4M$3.5M
Pension plan contributionsLn 8$7.5M$5.9M$1.3M$340K
Other employee benefitsLn 9$17.8M$12.5M$4.7M$526K
Payroll taxesLn 10$5.7M$4.5M$1.0M$245K
Legal feesLn 11b$296K$65K$230K
Accounting feesLn 11c$107K$1K$106K
Other fees for servicesLn 11g$9.1M$6.5M$2.0M$634K
Advertising and promotionLn 12$796K$551K$154K$91K
OccupancyLn 16$3.7M$726K$3.0M
TravelLn 17$2.8M$2.1M$278K$407K
Conferences, conventions and meetingsLn 19$934K$925K$9K
InterestLn 20$4.1M$4.1M
Depreciation, depletion and amortizationLn 22$19.9M$19.9M
InsuranceLn 23$2.0M$278K$1.8M
Other expenses (24a–d)Ln 24$17.0M$13.1M$3.8M$47K
All other expensesLn 24e$15.5M$12.8M$2.2M$484K
Total functional expensesLn 25$268.2M$225.6M$35.9M$6.6M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $286.9M$268.2M$18.8M$914.7M 990 PDF
FY2024 $292.6M$262.7M$29.9M$878.0M 990 PDF
FY2023 $269.4M$246.6M$22.9M$795.9M 990 PDF
FY2022 $268.7M$229.3M$39.5M$800.6M 990 PDF
FY2021 $226.4M$207.0M$19.4M$826.1M 990 PDF
FY2020 $241.5M$214.5M$27.0M$653.2M 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 FY2025 990 (6 parts)
Part I · Summary $286,946,076 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $34,184,462$27,822,530
I-9 Program service revenuePrior year $227,097,482$229,644,795
I-10 Investment incomePrior year $31,051,538$29,082,739
I-11 Other revenuePrior year $314,150$396,012
I-12 Total revenuePrior year $292,647,632$286,946,076
I-13 Grants and similar amounts paidPrior year $73,411,000$77,224,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $116,858,739$114,477,086
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $72,443,292$76,456,800
I-18 Total expensesPrior year $262,713,031$268,157,886
I-19 Revenue less expensesPrior year $29,934,601$18,788,190
Part VI · Governance 26 of 27 board members independent, no flags
VI-1a Voting members of the governing body27
VI-1b Independent voting members26
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $286,946,076 across 11 lines filed
VIII-1c Fundraising events$13,770
VIII-1e Government grants$3,434,129
VIII-1f All other contributions, gifts and grants$24,374,631
VIII-1g Noncash contributions (included above)$6,144,935
VIII-1h Total contributions, gifts and grants$27,822,530
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $227,346,712 · Unrelated business $488,827 · Excluded from tax $1,809,256$229,644,795
VIII-3 Investment incomeExcluded from tax $5,941,079$5,941,079
VIII-7 Net gain or loss on sales of assetsExcluded from tax $23,141,660$23,141,660
VIII-8 Net income from fundraising eventsExcluded from tax $21,807$21,807
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $374,205$374,205
VIII-12 Total revenueRelated to mission $227,346,712 · Unrelated business $863,032 · Excluded from tax $30,913,802$286,946,076
Part IX · Statement of functional expenses $268,157,886 across 19 lines filed
IX-1 Grants to domestic organizationsPrograms $49,000$49,000
IX-2 Grants to domestic individualsPrograms $77,175,000$77,175,000
IX-5 Pay of current officers, directors and key staffPrograms $837,323 · Management $1,893,884 · Fundraising $314,497$3,045,704
IX-7 Other salaries and wagesPrograms $63,513,471 · Management $13,426,709 · Fundraising $3,492,323$80,432,503
IX-8 Pension plan contributionsPrograms $5,876,146 · Management $1,275,654 · Fundraising $340,464$7,492,264
IX-9 Other employee benefitsPrograms $12,490,953 · Management $4,743,013 · Fundraising $525,825$17,759,791
IX-10 Payroll taxesPrograms $4,474,462 · Management $1,027,625 · Fundraising $244,737$5,746,824
IX-11b Legal feesPrograms $65,176 · Management $230,328$295,504
IX-11c Accounting feesPrograms $1,387 · Management $105,607$106,994
IX-11g Other fees for servicesPrograms $6,525,253 · Management $1,984,584 · Fundraising $634,158$9,143,995
IX-12 Advertising and promotionPrograms $551,267 · Management $153,623 · Fundraising $91,452$796,342
IX-16 OccupancyPrograms $726,053 · Management $3,002,654$3,728,707
IX-17 TravelPrograms $2,105,049 · Management $277,910 · Fundraising $406,946$2,789,905
IX-19 Conferences, conventions and meetingsPrograms $925,299 · Management $8,561$933,860
IX-20 InterestPrograms $4,149,660$4,149,660
IX-22 Depreciation, depletion and amortizationPrograms $19,939,406$19,939,406
IX-23 InsurancePrograms $278,017 · Management $1,752,765$2,030,782
IX-24 Other expenses (24a–d)Programs $13,128,938 · Management $3,844,074 · Fundraising $46,552$17,019,564
IX-24e All other expensesPrograms $12,818,253 · Management $2,220,266 · Fundraising $483,562$15,522,081
IX-25 Total functional expensesPrograms $225,630,113 · Management $35,947,257 · Fundraising $6,580,516$268,157,886
Part X · Balance sheet $1,073,469,922 assets, 18 lines filed
Asset lines not itemized here account for $173,597; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $35,589$229,063
X-2 Savings and temporary cash investmentsStart of year $45,244,727$29,182,719
X-3 Pledges and grants receivableStart of year $16,407,354$16,374,698
X-4 Accounts receivableStart of year $2,113,718$2,645,969
X-8 Inventories for sale or useStart of year $448,282$478,988
X-9 Prepaid expenses and deferred chargesStart of year $2,239,466$2,403,030
X-10c Land, buildings and equipment, netStart of year $357,294,112$367,817,075
X-12 Other securitiesStart of year $623,760,827$654,164,783
X-16 Total assetsStart of year $1,047,776,018$1,073,469,922
X-17 Accounts payable and accrued expensesStart of year $58,503,301$51,728,850
X-19 Deferred revenueStart of year $6,752,229$5,959,076
X-20 Tax-exempt bond liabilitiesStart of year $104,108,143$100,590,895
X-25 Other liabilitiesStart of year $445,988$520,915
X-26 Total liabilitiesStart of year $169,809,661$158,799,736
X-27 Net assets without donor restrictionsStart of year $512,406,916$553,107,699
X-28 Net assets with donor restrictionsStart of year $365,559,441$361,562,487
X-32 Total net assets or fund balancesStart of year $877,966,357$914,670,186
X-33 Total liabilities and net assetsStart of year $1,047,776,018$1,073,469,922
Part XI · Reconciliation of net assets $914,670,186 net assets at year end
XI-1 Total revenue$286,946,076
XI-2 Total expenses$268,157,886
XI-3 Revenue less expenses$18,788,190
XI-4 Net assets at start of year$877,966,357
XI-5 Net unrealized gains (losses) on investments$17,486,793
XI-9 Other changes in net assets$428,846
XI-10 Net assets at end of year$914,670,186

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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