Maria College EIN 14-1463151 Form 990 (PDF) Claim this org

Maria College

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Educates students for caring service careers with accredited degree programs. For fiscal year 2024 it reported $16.7M in revenue, $18.3M in expenses, and $19.3M in net assets.Pt I

Founded
1959
Type
Higher education institution · Nonprofit
Location
Albany, NY
Website
www.mariacollege.edu
Filings
5 on file (2020–2024)
Revenue
$16.7MFY2024
Expenses
$18.3M
Net assets
$19.3M
People
27
Filings
5
Updates
0
More identity details & actions ⌄
EIN  14-1463151 Higher education institution Albany, NY Founded 1959
Form 990 (PDF)
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Figures match the IRS filing checked 7/18/26 · see original: IRS
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Size
$10–100M
What they do
Educates students for caring service careers with accredited degree programs.
Leadership
Lynn Ortale PhD · President · $307K
Money in and out
$16.7M revenue, $18.3M expenses
Bottom line
-9% operating surplus
Financial scale & money flow · FY2024
Total revenue
$16.7M
Pt VIII · Ln 12
Total expenses
$18.3M
Pt IX · Ln 25
Net assets
$19.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$1.6M
Where spending went · Part IX cols B–D
Program services $0.68 Management & general $0.32
Operating surplus
-9%
revenue over expenses, this legal entity▲ +2% vs prior filing year
Payroll share
54%
of this entity's spending is salaries & benefits▼ -7% vs prior filing year
Program spending
68%
of expenses reach program services▼ -2% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$16.7M
FY2024▼ -2%
Expenses
$18.3M
FY2024▼ -2%
Total assets
$27.2M
FY2024-0.01%
Total liabilities
$7.9M
FY2024▲ +22%
Total revenue
$16.7M
Pt VIII · Ln 12
Total expenses
$18.3M
Pt IX · Ln 25
Net assets
$19.3M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$1.6M
Total assetsPt X · Ln 16$27.2M
Program-expense ratioPt IX · col B68%
Voting members of governing bodyPt I · Ln 317
Independent voting membersPt I · Ln 413

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMaria College
EINHdr · item D14-1463151
Principal addressHdr · item CAlbany, NY
WebsiteHdr · item Jwww.mariacollege.edu
Year of formationHdr · item L1959
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFMar 1946

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a17
Independent voting membersPt VI · Ln 1b13
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
$307,010Pt VII · Sec A
VP for Institutional Adava
$210,604Pt VII · Sec A
VP for Academic Affairs
$184,495Pt VII · Sec A
Senior Associate VP for St
$164,376Pt VII · Sec A
Nursing, Faculty
$161,274Pt VII · Sec A
Associate Dean of Nursing
$149,782Pt VII · Sec A
Avp, Institutional Advancement
$130,532Pt VII · Sec A
$121,222Pt VII · Sec A

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

NameFY2024FY2024FY2023FY2022FY2021FY2020
Lynn Ortale PHD$307,010$226,074$120,082
Thomas Gamble$200,749$218,455$207,929
Vicki Dilorenzo$210,604$164,942
Renee Diaz$161,274$210,243$156,235$119,635
Dr Thomas Gamble$185,703
Anne Jung PHD$184,495$176,091$155,570$150,086$152,677$136,027
Joseph McDonald$105,413$177,306$176,340$165,994$171,558$160,749
Colleen Camody$166,894

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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Mission & Programs · Part III

Where the work happens

2 program services account for $12.5M of program spending, described in the organization's own filed words · FY2024.
01

The college provides educational services to students that culminate in either an associate, baccalaureate, or masters degree, or a certificate.

$12.2Mprogram expense
02

Auxiliary enterprises include revenues and expenses of the college bookstore, which supports the students.

$261Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$14.3M · 85%
Contributions & grants$1.5M · 9%
Investment income$528K · 3%
Other revenue$456K · 3%
Program service revenue85%$14.3M
Contributions & grants9%$1.5M
Investment income3%$528K
Other revenue3%$456K
— government grantsLn 1e$882K
Total revenueLn 12$16.7M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.68 Management & general $0.32
Program services68%$12.5M
Management & general32%$5.8M
Total functional expensesLn 25$18.3M

Balance Sheet

Part X · end of year
CashLn 1$649K
Total assetsLn 16$27.2M
Total liabilitiesLn 26$7.9M
Total net assetsLn 32$19.3M
Months of cash on handcomputed0.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $6.8M · Operating expenses/yr $18.3M
4.5 months
Where the money goes
Program services
Program services $12.5M · Total expenses $18.3M
68%
Management & General
Management & general $5.8M · Total expenses $18.3M
32%
Fundraising
Fundraising $0 · Total expenses $18.3M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $763K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $1.5M · Total revenue $16.7M
9%
Government reliance
Government grants $882K · Total revenue $16.7M
5%
Earned-income share
Program service revenue $14.3M · Total revenue $16.7M
85%
Investment reliance
Investment income $528K · Total revenue $16.7M
+3%
Program self-sufficiency
Program service revenue $14.3M · Total expenses $18.3M
78%
Growth & trend
Revenue growth (YoY)
This year $16.7M · Prior year $17.0M
-2%
Revenue CAGR
FY2019 $13.3M · FY2024 $16.7M
+5%
Net-asset trend (YoY)
End of year $19.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $16.7M · Expenses $18.3M
-9%
Liabilities-to-Assets
Total liabilities — · Total assets $27.2M
Net-asset ratio
Net assets $19.3M · Total assets $27.2M
71%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $6.2M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $27.2M
23%
People & payroll
Highest Reported Total Compensation
Individual Lynn Ortale PHD · Reported title PRESIDENT · Highest reported compensation $307K · Total expenses $18.3M
2%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $9.8M · Total expenses $18.3M
54%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 68%
Overhead ratio 32%
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 · FY2024
See all 13 funders →
Grants paid · 10 grants · $6.2M · 2019–2024
Unitemized GrantFY2024$679,440
Unitemized GrantFY2023$914,717
Unitemized GrantFY2022$961,185
Unitemized GrantFY2022$119,580
Unitemized GrantFY2021$755,552
Unitemized GrantFY2021$183,608
Unitemized GrantFY2020$1,191,137
Unitemized GrantFY2020$225,192
Unitemized GrantFY2019$974,657
Unitemized GrantFY2019$156,959

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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$17.0M revenue · ⤓ 990 PDF
FY2023$13.6M revenue · ⤓ 990 PDF
FY2022$16.6M revenue · ⤓ 990 PDF
FY2021$17.1M revenue · ⤓ 990 PDF
FY2020$13.3M 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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