Syracuse University EIN 15-0532081

Syracuse University

EIN  15-0532081 Higher education institution Syracuse, NY Founded 1870
Form 990 (PDF) Compare with another nonprofit →
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Size
$100M+
What they do
Provides higher education, conducts sponsored scientific and academic research, and fosters public engagement through diverse educational programs and community partnerships.
Leadership
Francis Brown · Football Head Coach · $3.1M
Money in and out
$2.0B revenue, $1.8B expenses
Bottom line
+11% operating surplus

Provides higher education, conducts sponsored scientific and academic research, and fosters public engagement through diverse educational programs and community partnerships. For fiscal year 2024 it reported $2.0B in revenue, $1.8B in expenses, and $3.6B in net assets.Pt I

Financial scale & money flow · FY2024
Total revenue
$2.0B
Pt VIII · Ln 12
Total expenses
$1.8B
Pt IX · Ln 25
Net assets
$3.6B
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $215.4M
Where spending went · Part IX cols B–D
Program services $0.95 Management & general $0.03 Fundraising $0.02
Operating surplus
+11%
revenue over expenses, this legal entity▲ +54% vs prior filing year
Payroll share
45%
of this entity's spending is salaries & benefits▲ +3% vs prior filing year
Program spending
95%
of expenses reach program services0% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$2.0B
FY2024▲ +6%
Expenses
$1.8B
FY2024▲ +1%
Total assets
$5.4B
FY2024▲ +16%
Total liabilities
$1.8B
FY2024▲ +34%
Total revenue
$2.0B
Pt VIII · Ln 12
Total expenses
$1.8B
Pt IX · Ln 25
Net assets
$3.6B
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$215.4M
Total assetsPt X · Ln 16$5.4B
Program-expense ratioPt IX · col B95%
Voting members of governing bodyPt I · Ln 348
Independent voting membersPt I · Ln 447
Mission & Programs · Part III

Where the work happens

3 program services account for $1.4B of program spending, described in the organization's own filed words · FY2024.
01

Instruction and Departmental Research

Expenditures in this area include salaries and benefits for faculty, scholarships and grants to students, and support for facilities and equipment, conducted for the benefit of approximately 16,000 undergraduate and 6,600 graduate and law students enrolled at syracuse university.

$951.2Mprogram expense
02

Student Services

Expenditures in this area include support services for the university's undergraduate freshmen and sophomores. The university has a two-year residence requirement for freshmen and sophomores with the primary purpose of contributing to the students' emotional and physical well-being and their intellectual, and social development outside…

$329.8Mprogram expense
03

Sponsored Research and Other Related Activities

Expenditures in this area include research and similar activity funded by grants from the public, private, and non-profit sectors.

$90.0Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSyracuse University
EINHdr · item D15-0532081
Principal addressHdr · item CSyracuse, NY
WebsiteHdr · item Jwww.syracuse.edu
Year of formationHdr · item L1870
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFColleges & Universities (B430)
Ruling yearIRS BMFOct 1938

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a48
Independent voting membersPt VI · Ln 1b47
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
Football Head Coach
$3,073,809Pt VII · Sec A
Basketball Head Coach
$2,136,694Pt VII · Sec A
Football Defensive Coordinator
$1,519,716Pt VII · Sec A
Chancellor and President
$1,268,926Pt VII · Sec A
SVP and Chief of Staff
$1,035,992Pt VII · Sec A
Basketball Head Coach
$928,200Pt VII · Sec A
SVP & General Counsel
$877,538Pt VII · Sec A
Vc Strat. Initiatives & Innovation
$866,515Pt VII · Sec A

Francis Brown’s $3.1M as Football Head Coach is at the 94th 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
Dino Babers$12,957,233$4,297,723$4,007,163$3,927,696$3,449,938
Amir Rahnamay-Azar$3,102,226$916,852$735,600
Francis Brown$3,073,809
James Boeheim$2,609,654$2,852,129$2,724,102$2,491,673$2,703,515
Adrian Autry$2,136,694$1,786,673
Elijah Robinson$1,519,716
Kent Syverud$1,268,926$1,189,621$1,157,881$1,083,758$921,086$957,462
Quentin Hillsman$1,247,118$723,439$799,934

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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Statement of Revenue

Part VIII
Program service revenue$1.7B · 86%
Investment income$191.2M · 10%
Contributions & grants$89.6M · 5%
Program service revenue86%$1.7B
Investment income10%$191.2M
Contributions & grants5%$89.6M
Other revenue$524K
Total revenueLn 12$2.0B

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.95 Management & general $0.03 Fundraising $0.02
Program services95%$1.7B
Management & general3%$55.7M
Fundraising2%$29.8M
Total functional expensesLn 25$1.8B

Balance Sheet

Part X · end of year
CashLn 1$244.9M
Total assetsLn 16$5.4B
Total liabilitiesLn 26$1.8B
Total net assetsLn 32$3.6B
Months of cash on handcomputed1.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $3.4B · Operating expenses (Pt IX) $1.8B · Less non-cash grants $14.4M · Cash operating expenses/yr $1.7B
23.7 months
Where the money goes
Program services
Program services $1.7B · Total expenses $1.8B
95%
Management & General
Management & general $55.7M · Total expenses $1.8B
3%
Fundraising
Fundraising $29.8M · Total expenses $1.8B
2%
Cost to raise $1
Fundraising expense (3-yr avg) $26.8M · Solicited contributions (3-yr avg) $96.6M
$0.28 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $89.6M · Total revenue $2.0B
5%
Government reliance
Government grants — · Total revenue $2.0B
Earned-income share
Program service revenue $1.7B · Total revenue $2.0B
86%
Investment reliance
Investment income $191.2M · Total revenue $2.0B
+10%
Program self-sufficiency
Program service revenue $1.7B · Total expenses $1.8B
96%
Growth & trend
Revenue growth (YoY)
This year $2.0B · Prior year $1.9B
+6%
Revenue CAGR
FY2019 $1.5B · FY2024 $2.0B
+5%
Net-asset trend (YoY)
End of year $3.6B · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $2.0B · Expenses $1.8B
+11%
Liabilities-to-Assets
Total liabilities — · Total assets $5.4B
Net-asset ratio
Net assets $3.6B · Total assets $5.4B
67%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.5B · Other securities (Pt X, ln 12) $1.7B · Total assets (Pt X, ln 16) $5.4B
59%
People & payroll
Highest Reported Total Compensation
Individual Francis Brown · Reported title FOOTBALL HEAD COACH · Highest reported compensation $3.1M · Total expenses $1.8B
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $785.6M · Total expenses $1.8B
45%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 95%
Overhead ratio 3%
Fundraising cost ratio 33%
Revenue growth 6%

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
See all 19 funders →
Grants paid · 72 grants · $2.4B · 2019–2024
Unitemized GrantFY2024$450,705,622
Unitemized GrantFY2024$7,785,573
Unitemized GrantFY2024$2,839,863
Unitemized GrantFY2024$1,656,570
Esf College Foundation INCNY · FY2024$101,000
Longhouse Council INCNY · FY2024$22,377
261 Fearless INCNJ · FY2024$9,950
Saint Agatha FoundationPA · FY2024$9,000
The Image Initiative INCNY · FY2024$6,500
Unitemized GrantFY2023$434,002,280
Unitemized GrantFY2023$7,414,500
See all 72 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$1.9B revenue · ⤓ 990 PDF
FY2023$1.7B revenue · ⤓ 990 PDF
FY2022$1.7B revenue · ⤓ 990 PDF
FY2021$1.5B revenue · ⤓ 990 PDF
FY2020$1.5B 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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