Bard College FY2020 filing

Tax-deductible

Annandale, NY501(c)(3)Since 1860Colleges & UniversitiesEIN 14-1713034Revenue $371.2M in FY2020

On file with the IRSbard.edu30 Campus Rd, 12504-9800 · Annandale, NYTax-exempt since Nov 1950School — 170(b)(1)(A)(ii)

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Bard College seeks to provide a challenging academic program and a supportive environment that fosters a collaborative interchange of ideas in the classroom as well as ambition to achieve excellence.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
$3.5M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
4 of 6
filings with a surplus
Average surplus $115.2M a year · 25% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$3.5M
to officers and key staff · 1% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.3 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
11
named funders · $1.1M
Looks good: 11 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$273.1M
41% of total assets
Looks good: liabilities are 41% of assets; 50% or less.
Pt X · Ln 26
Independent board members
25
of 25 voting members
Looks good: 25 of 25 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$371.2M
Spent
$294.0M
To programs
90%
Net assets
$387.0M
By yearFY2020–FY2025
Revenue
$371.2M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$371.2M
FY2021$426.3M
FY2022$396.7M
FY2023$304.0M
FY2024$331.9M
FY2025$930.3M
Expenses
$294.0M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$294.0M
FY2021$289.7M
FY2022$324.0M
FY2023$360.1M
FY2024$392.7M
FY2025$408.4M
Net assets
$387.0M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$387.0M
FY2021$549.2M
FY2022$607.6M
FY2023$555.2M
FY2024$509.6M
FY2025$1.1B

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1950.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $265.1M Management & general 8% · $24.8M Fundraising 1% · $4.2M

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

50 people listed on the 990; $3.5M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
President/Trustee
$439,651Pt VII · Sec A
Executive Director Ccs
$354,254Pt VII · Sec A
FMR VP Admin & Fin/Visiting Faculty
$288,183Pt VII · Sec A
VP Development
$246,547Pt VII · Sec A
President, Longy
$245,046Pt VII · Sec A
Executive VP
$241,901Pt VII · Sec A
President Levy Economic Institute
$241,800Pt VII · Sec A
CFO, VP Finance
$216,632Pt VII · Sec A

Leon Botstein’s $565K as President/Trustee is at the 48th 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
Leon Botstein$565,417$575,000$575,000$441,537$444,551$439,651
Tom Eccles$467,098$464,994$479,891$404,891$380,891$354,254
Taun Toay$392,595$392,502$343,400$380,000$271,127$216,632
Jonathan Becker$391,251$392,001$343,400$380,000$243,702$241,901
Karen Zorn$335,761$321,208$311,852$286,846$269,811$245,046
James Brudvig——$272,647$267,481$271,220$288,183
James Bagwell—$220,575$280,158$209,775$207,775$204,695
Debra Pemstein$276,723$257,516$250,866$248,382$248,382$246,547

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
  • Loans to or from officersSch L · Pt II3 listed

Programs and updates

Provides a rigorous liberal arts education through collaborative undergraduate programs, graduate studies, and specialized research institutes on a historic Hudson River campus.

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Provided by the organization

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1 program · $265.1M · in their own filed words · FY2019
01

Bard college is an independent, comprehensive liberal arts college located on a park-lake campus that covers more than 1,000 acres of fields and forested land bordering the hudson river. Bard has developed a new vision and model of the liberal arts college, as a central body surrounded by significant institutes and programs -…

$265.1Mprogram 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 11 funders →
Grants paid · 30 grants · $599.3M · 2019–2024
Unitemized GrantFY2024$87,455,739
Unitemized GrantFY2024$11,269,637
Unitemized GrantFY2024$8,523,215
Unitemized GrantFY2024$8,091,194
American Symphony Orchestra INCNY · FY2024$1,211,938
Unitemized GrantFY2023$77,902,954
Unitemized GrantFY2023$11,692,607
Unitemized GrantFY2023$10,882,106
Unitemized GrantFY2023$8,226,475
American Symphony Orchestra INCNY · FY2023$1,199,817
Unitemized GrantFY2022$78,465,567
Unitemized GrantFY2022$10,295,045
Unitemized GrantFY2022$8,523,215
Unitemized GrantFY2022$7,429,871
Unitemized GrantFY2021$66,913,433
Unitemized GrantFY2021$11,603,931
Unitemized GrantFY2021$9,438,864
See all 30 grants →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$371.2M
Ln 12
Fees for servicesLn 2g$175.7M
Gifts and grantsLn 1h$169.8M
Other incomeLn 4–11$12.9M
Money outPt IX
$294.0M
Ln 25
Programscol B$265.1M
Managementcol C$24.8M
Fundraisingcol D$4.2M
Owns and owesPt X
$387.0M
net assets · Ln 32
Cash and savingsLn 1–2$7.9M
Total assetsLn 16$660.1M
LiabilitiesLn 26$273.1M
PeoplePt VI, VII
50
listed · VII A
PaidVII A14
Voting boardVI 1a25
IndependentVI 1b25
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$169.8M
Government grantsLn 1e$5.6M
Fundraising eventsLn 1c$241K
Fees for servicesLn 2g$175.7M
Investment incomeLn 3$12.8M
Other incomeLn 4–11$12.9M
Gains on assetsLn 7$658K
Total revenueLn 12$371.2M
Assets in detailPt X, end of year
CashLn 1$1.6M
SavingsLn 2$6.3M
Cash and savings togetherLn 1–2$7.9M
InvestmentsLn 11–13$22.9M
Land, buildings, equipmentLn 10c$288.1M
Other assetsLn 15$118.9M
Total assetsLn 16$660.1M
LiabilitiesLn 26$273.1M
Net assetsLn 32$387.0M
OperationsPt I, VI
EmployeesI 55,129
VolunteersI 635
Fiscal year endsHeaderJune
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 FY20End FY20
Cash and savingsLn 1–2$4.8M$7.9M
InvestmentsLn 11–13$22.6M$22.9M
Land, buildings, equipmentLn 10c$291.9M$288.1M
Total assetsLn 16$571.6M$660.1M
LiabilitiesLn 26$260.3M$273.1M
Net assetsLn 32$311.3M$387.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.3M$1.3M
Grants to domestic individualsLn 2$81.4M$81.4M
Grants and assistance to foreign recipientsLn 3$1.4M$1.4M
Pay of current officers, directors and key staffLn 5$2.7M$157K$2.3M$222K
Other salaries and wagesLn 7$92.6M$82.5M$8.0M$2.1M
Pension plan contributionsLn 8$7.6M$5.9M$1.6M$150K
Other employee benefitsLn 9$20.1M$16.1M$3.3M$688K
Payroll taxesLn 10$7.8M$6.6M$997K$204K
Management feesLn 11a$186K$186K
Legal feesLn 11b$1.5M$157K$1.4M
Accounting feesLn 11c$194K$194K
Lobbying feesLn 11d$64K$64K
Professional fundraising feesLn 11e$30K$30K
Investment management feesLn 11f$55K$55K
Other fees for servicesLn 11g$10.7M$9.9M$663K$138K
Advertising and promotionLn 12$1.8M$1.3M$437K$6K
Office expensesLn 13$3.2M$2.2M$862K$135K
Information technologyLn 14$684K$378K$301K$5K
RoyaltiesLn 15$13K$13K
OccupancyLn 16$10.3M$9.9M$420K$31K
TravelLn 17$5.3M$4.8M$388K$53K
Conferences, conventions and meetingsLn 19$446K$417K$27K$3K
InterestLn 20$9.8M$9.5M$256K$16K
Depreciation, depletion and amortizationLn 22$11.0M$10.1M$822K$48K
InsuranceLn 23$1.3M$147K$1.1M
Other expenses (24a–d)Ln 24$20.8M$19.7M$758K$277K
All other expensesLn 24e$1.8M$1.2M$639K$21K
Total functional expensesLn 25$294.0M$265.1M$24.8M$4.2M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $930.3M$408.4M$521.9M$1.1B 990 PDF
FY2024 $331.9M$392.7M−$60.8M$509.6M 990 PDF
FY2023 $304.0M$360.1M−$56.1M$555.2M 990 PDF
FY2022 $396.7M$324.0M$72.7M$607.6M 990 PDF
FY2021 $426.3M$289.7M$136.5M$549.2M 990 PDF
FY2020 Viewing $371.2M$294.0M$77.2M$387.0M 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 FY2020 990 (6 parts)
Part I · Summary $371,226,190 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $68,428,725$169,752,840
I-9 Program service revenuePrior year $172,808,399$175,720,820
I-10 Investment incomePrior year $17,145,088$12,845,661
I-11 Other revenuePrior year $14,665,969$12,906,869
I-12 Total revenuePrior year $273,048,181$371,226,190
I-13 Grants and similar amounts paidPrior year $82,610,563$84,018,509
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $127,901,760$130,841,184
I-16a Professional fundraising feesPrior year $610,946$30,000
I-17 Other expensesPrior year $73,069,517$79,113,945
I-18 Total expensesPrior year $284,192,786$294,003,638
I-19 Revenue less expensesPrior year −$11,144,605$77,222,552
Part VI · Governance 25 of 25 board members independent, no flags
VI-1a Voting members of the governing body25
VI-1b Independent voting members25
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 $371,226,190 across 10 lines filed
VIII-1c Fundraising events$241,130
VIII-1e Government grants$5,605,301
VIII-1f All other contributions, gifts and grants$163,906,409
VIII-1h Total contributions, gifts and grants$169,752,840
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $175,720,820$175,720,820
VIII-3 Investment incomeExcluded from tax $12,187,355$12,187,355
VIII-7 Net gain or loss on sales of assetsExcluded from tax $658,306$658,306
VIII-8 Net income from fundraising eventsExcluded from tax $61,905$61,905
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $12,844,964$12,844,964
VIII-12 Total revenueRelated to mission $188,565,784 · Unrelated business $0 · Excluded from tax $12,907,566$371,226,190
Part IX · Statement of functional expenses $294,003,638 across 27 lines filed
IX-1 Grants to domestic organizationsPrograms $1,263,188$1,263,188
IX-2 Grants to domestic individualsPrograms $81,377,021$81,377,021
IX-3 Grants and assistance to foreign recipientsPrograms $1,378,300$1,378,300
IX-5 Pay of current officers, directors and key staffPrograms $156,712 · Management $2,340,628 · Fundraising $222,409$2,719,749
IX-7 Other salaries and wagesPrograms $82,475,690 · Management $7,994,399 · Fundraising $2,128,666$92,598,755
IX-8 Pension plan contributionsPrograms $5,860,322 · Management $1,587,675 · Fundraising $149,554$7,597,551
IX-9 Other employee benefitsPrograms $16,129,845 · Management $3,278,235 · Fundraising $688,037$20,096,117
IX-10 Payroll taxesPrograms $6,627,515 · Management $997,033 · Fundraising $204,464$7,829,012
IX-11a Management feesManagement $186,341$186,341
IX-11b Legal feesPrograms $156,780 · Management $1,364,283$1,521,063
IX-11c Accounting feesManagement $193,572$193,572
IX-11d Lobbying feesManagement $63,584$63,584
IX-11e Professional fundraising feesFundraising $30,000$30,000
IX-11f Investment management feesManagement $55,115$55,115
IX-11g Other fees for servicesPrograms $9,931,058 · Management $663,121 · Fundraising $137,930$10,732,109
IX-12 Advertising and promotionPrograms $1,335,373 · Management $436,831 · Fundraising $5,783$1,777,987
IX-13 Office expensesPrograms $2,193,672 · Management $862,328 · Fundraising $134,678$3,190,678
IX-14 Information technologyPrograms $377,718 · Management $301,258 · Fundraising $5,126$684,102
IX-15 RoyaltiesPrograms $12,945$12,945
IX-16 OccupancyPrograms $9,883,846 · Management $420,367 · Fundraising $31,133$10,335,346
IX-17 TravelPrograms $4,838,483 · Management $388,131 · Fundraising $53,406$5,280,020
IX-19 Conferences, conventions and meetingsPrograms $416,746 · Management $26,586 · Fundraising $2,563$445,895
IX-20 InterestPrograms $9,517,265 · Management $256,413 · Fundraising $16,494$9,790,172
IX-22 Depreciation, depletion and amortizationPrograms $10,108,494 · Management $822,407 · Fundraising $47,859$10,978,760
IX-23 InsurancePrograms $146,950 · Management $1,123,990$1,270,940
IX-24 Other expenses (24a–d)Programs $19,719,467 · Management $757,505 · Fundraising $276,824$20,753,796
IX-24e All other expensesPrograms $1,181,323 · Management $638,995 · Fundraising $21,202$1,841,520
IX-25 Total functional expensesPrograms $265,088,713 · Management $24,758,797 · Fundraising $4,156,128$294,003,638
Part X · Balance sheet $660,131,701 assets, 19 lines filed
Asset lines not itemized here account for $4,427,686; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $960,104$1,598,422
X-2 Savings and temporary cash investmentsStart of year $3,837,754$6,289,158
X-3 Pledges and grants receivableStart of year $107,930,741$204,372,919
X-4 Accounts receivableStart of year $8,228,417$9,872,970
X-9 Prepaid expenses and deferred chargesStart of year $9,409,946$3,618,871
X-10c Land, buildings and equipment, netStart of year $291,893,245$288,113,223
X-11 Publicly traded securitiesStart of year $22,625,414$22,912,192
X-15 Other assetsStart of year $122,030,136$118,926,260
X-16 Total assetsStart of year $571,615,300$660,131,701
X-17 Accounts payable and accrued expensesStart of year $28,945,061$25,965,915
X-19 Deferred revenueStart of year $24,479,947$17,017,792
X-20 Tax-exempt bond liabilitiesStart of year $124,830,000$122,585,000
X-24 Unsecured notes and loans payableStart of year $2,400,000$9,599,464
X-25 Other liabilitiesStart of year $2,871,605$1,775,518
X-26 Total liabilitiesStart of year $260,338,935$273,115,682
X-27 Net assets without donor restrictionsStart of year $70,616,044$60,550,955
X-28 Net assets with donor restrictionsStart of year $240,660,321$326,465,064
X-32 Total net assets or fund balancesStart of year $311,276,365$387,016,019
X-33 Total liabilities and net assetsStart of year $571,615,300$660,131,701
Part XI · Reconciliation of net assets $387,016,019 net assets at year end
XI-1 Total revenue$371,226,190
XI-2 Total expenses$294,003,638
XI-3 Revenue less expenses$77,222,552
XI-4 Net assets at start of year$311,276,365
XI-5 Net unrealized gains (losses) on investments−$1,482,898
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$387,016,019

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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