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 May 1938.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
87 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
50 people listed on the 990; $5.1M 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
$583,872Pt VII · Sec A
Former VP Instl Adv.
$396,273Pt VII · Sec A
Dean, School of Business
$325,780Pt VII · Sec A
VP Finance & Administration
$254,361Pt VII · Sec A
Secretary, VP, Gc
$244,130Pt VII · Sec A
Provost & SVP
$243,743Pt VII · Sec A
Dean, Hs&hp
$234,226Pt VII · Sec A
Associate VP, Facilities
$227,489Pt VII · Sec A
Dean, School of Communications
$202,729Pt VII · Sec A
Assistant Professor
$196,722Pt VII · Sec A
Endowed Ch. & Assoc. Prof
$184,529Pt VII · Sec A
Former Secretary, SVP, Gc
$183,506Pt VII · Sec A
VP Student Affairs and Campus
$182,496Pt VII · Sec A
Associate VP & CIO
$178,193Pt VII · Sec A
Assistant Professsor and Chair
$175,294Pt VII · Sec A
Assistant Professor
$174,737Pt VII · Sec A
Prof. & Director of La Program
$173,399Pt VII · Sec A
Dean, School of Music
$169,861Pt VII · Sec A
VP Human Resources(as of 5/19)
$152,300Pt VII · Sec A
Interim VP Enroll. (thru 7/19)
$149,368Pt VII · Sec A
Former VP Enrollment Manager
$127,762Pt VII · Sec A
VP Marketing & Enrollment Stgy
$111,382Pt VII · Sec A
VP Enrollment Mgmt(as of 9/19)
$94,562Pt VII · Sec A
Trustee, Faculty
$85,608Pt VII · Sec A
Trustee, Staff
$66,007Pt VII · Sec A
Trustee, Student
$0Pt VII · Sec A
Chair
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee (as of 12/2019)
$0Pt VII · Sec A
La Jerne Terry Cornish’s $606K as President is at the 52nd 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
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Shirley M Collado | — | — | — | $666,470 | $723,985 | $583,872 |
| La Jerne Terry Cornish | $605,968 | $603,903 | $507,546 | $361,470 | — | — |
| Christopher M Biehn | — | — | — | — | — | $396,273 |
| Anne Hogan Thru 0624 | $379,746 | $229,779 | — | — | — | — |
| Timothy R Carey Thru 0622 | — | — | $371,591 | — | — | — |
| Sean F Reid Thru 062020 | — | — | — | — | — | $325,780 |
| Melanie Stein | $313,894 | $292,908 | $274,483 | $206,878 | $198,257 | — |
| Timothy C Downs | $305,827 | $279,586 | $254,870 | — | — | — |
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.
See Ithaca College executive salaries →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
Educates, engages, and empowers through theory, practice, and performance.
Questions for Ithaca College
Your first name shows with your question. Ithaca College answers here, for everyone.
3 programs · $302.9M · in their own filed words · FY2019
01
Instruction, Research, and Public Service
Ithaca college is a private, nonsectarian, coeducational liberal arts college located in ithaca, new york. The princeton review consistently names the college among the best colleges in the nation, with "the best 386 colleges: 2021 edition" ranking the college #1 for theater, #2 for newspaper, and #5 for radio station.
$233.7Mprogram expense
02
Auxiliary Services
Auxiliary enterprises exist to furnish goods or services to students, faculty, staff, and other institutional departments. Auxiliary enterprises are managed to operate as self-supporting activities.
$41.2Mprogram expense
03
Student Services
Student services includes expenses incurred for offices of admissions and the registrar, student aid administration, and activities with the primary purpose of contributing to students' emotional and physical well-being and intellectual, cultural, and social development outside the context of the formal instruction program.
$28.0Mprogram 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
Hispanic Scholarship FundFY2025$44K
The Ayco Charitable FoundationFY2025$10K
The Midvale FoundationFY2025$7K
Merrimac Charitable Tr IIFY2025$5K
Make Great Things Happen FoundationFY2025$5K
Lorber FoundationFY2025$500
Total grants receivedfrom 6 funders$71K
Grants paid · 62 grants · $729.4M · 2019–2024
Unitemized GrantFY2024$120,324,737
Unitemized GrantFY2024$427,920
Hillel the Foundation for Jewish Campus LifeNY · FY2024$55,277
Research Foundation for the State University of New YorkNY · FY2024$55,247
Hobart and William Smith CollegesNY · FY2024$44,091
Utica UniversityNY · FY2024$43,418
Unitemized GrantFY2024$33,330
Unitemized GrantFY2024$18,013
Tompkins County Area Development INCNY · FY2024$18,000
Research Foundation for the State University of New YorkNY · FY2024$15,616
Unitemized GrantFY2023$116,569,612
Unitemized GrantFY2023$311,527
Hillel the Foundation for Jewish Campus LifeNY · FY2023$239,679
Unitemized GrantFY2023$56,660
Research Foundation for the State University of New YorkNY · FY2023$53,890
Hobart and William Smith CollegesNY · FY2023$42,837
Tompkins County Area Development INCNY · FY2023$34,000
Unitemized GrantFY2023$24,295
Federal money
Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Jun 2025 · $49.0M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$39.7M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$5.8M
Federal Perkins Loan Program_federal Capital ContributionsDepartment of Education · ALN 84.038 · Direct$1.6M
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$689K
Federal Supplemental Educational Opportunity GrantsDepartment of Education · ALN 84.007 · Direct$599K
Plus 9 smaller programs.
The auditor reported no findings.
Year ending Jun 2024 · $48.7M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$38.4M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$4.7M
Federal Perkins Loan Program_federal Capital ContributionsDepartment of Education · ALN 84.038 · Direct$2.8M
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$1.1M
Federal Supplemental Educational Opportunity GrantsDepartment of Education · ALN 84.007 · Direct$504K
Plus 13 smaller programs.
The auditor reported no findings.
Year ending Jun 2023 · $50.0M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$38.3M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$4.8M
Federal Perkins Loan ProgramDepartment of Education · ALN 84.038 · Direct$3.7M
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$1.2M
Education and Human ResourcesNational Science Foundation · ALN 47.076 · Direct$511K
Plus 15 smaller programs.
The auditor reported no findings.
Year ending Jun 2022 · $56.0M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$34.4M
Education Stabilization FundDepartment of Education · ALN 84.425 · Direct$6.9M
Federal Perkins Loan ProgramDepartment of Education · ALN 84.038 · Direct$5.0M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$4.9M
Disaster Grants - Public Assistance (presidentially Declared Disasters)Department of Homeland Security · ALN 97.036 · Direct$1.9M
Plus 16 smaller programs.
The auditor reported no findings.
By the numbers
The FY2020 990, line by line.
Download 990
1The main four
Money inPt VIII
$365.7M
Ln 12
Fees for servicesLn 2g$335.8M
Investment incomeLn 3$16.6M
Gifts and grantsLn 1h$12.0M
Money outPt IX
$370.5M
Ln 25
Programscol B$323.0M
Managementcol C$44.3M
Fundraisingcol D$3.3M
Owns and owesPt X
$632.2M
net assets · Ln 32
Cash and savingsLn 1–2$9.1M
Total assetsLn 16$834.7M
LiabilitiesLn 26$202.5M
PeoplePt VI, VII
50
listed · VII A
PaidVII A25
Voting boardVI 1a28
IndependentVI 1b22
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$12.0M
Government grantsLn 1e$6.0M
Noncash giftsLn 1g$606K
Fees for servicesLn 2g$335.8M
Investment incomeLn 3$16.6M
Other incomeLn 4–11$1.2M
Gains on assetsLn 7$9.6M
Total revenueLn 12$365.7M
Assets in detailPt X, end of year
CashLn 1$247K
SavingsLn 2$8.9M
Cash and savings togetherLn 1–2$9.1M
InvestmentsLn 11–13$431.9M
Land, buildings, equipmentLn 10c$367.0M
Other assetsLn 15$7.4M
Total assetsLn 16$834.7M
LiabilitiesLn 26$202.5M
Net assetsLn 32$632.2M
OperationsPt I, VI
EmployeesI 53,899
VolunteersI 622
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
BondsSch K, Pt X
Tax-exempt bond debt owedX 20$111.1M
Bond issues listedSch K Pt I4
Raised by those issuesSch K Pt I$131.8M
Abroad and in kindSch F, M
Grants to other countriesSch F Pt II–III$267K
Noncash gifts receivedSch M Pt I$606K
EndowmentSch D · Pt V
| Line | FY20 | FY19 | FY18 | FY17 | FY16 |
|---|---|---|---|---|---|
| End of yearLn 1g | $337.3M | $347.3M | $316.0M | $300.7M | $267.3M |
| Given inLn 1b | $2.1M | $31.3M | $3.9M | $7.5M | $1.6M |
| SpentLn 1d–1f | $13.5M | $13.1M | $11.7M | $8.6M | $10.3M |
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $18.9M | $9.1M |
| InvestmentsLn 11–13 | $433.4M | $431.9M |
| Land, buildings, equipmentLn 10c | $373.7M | $367.0M |
| Total assetsLn 16 | $848.5M | $834.7M |
| LiabilitiesLn 26 | $195.0M | $202.5M |
| Net assetsLn 32 | $653.5M | $632.2M |
5Every line
Statement of functional expensesPt IX · every line
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $291K | $291K | ||
| Grants to domestic individualsLn 2 | $138.8M | $138.8M | ||
| Grants and assistance to foreign recipientsLn 3 | $268K | $268K | ||
| Benefits paid to or for membersLn 4 | $0 | |||
| Pay of current officers, directors and key staffLn 5 | $4.2M | $1.1M | $2.9M | $240K |
| Pay of disqualified personsLn 6 | $0 | |||
| Other salaries and wagesLn 7 | $113.8M | $92.0M | $20.1M | $1.7M |
| Pension plan contributionsLn 8 | $8.0M | $6.5M | $1.4M | $144K |
| Other employee benefitsLn 9 | $22.5M | $18.5M | $3.6M | $433K |
| Payroll taxesLn 10 | $5.7M | $4.5M | $1.1M | $102K |
| Management feesLn 11a | $0 | |||
| Legal feesLn 11b | $344K | $3K | $341K | |
| Accounting feesLn 11c | $258K | $258K | ||
| Lobbying feesLn 11d | $8K | $8K | ||
| Professional fundraising feesLn 11e | $6K | $6K | ||
| Investment management feesLn 11f | $1.4M | $1.4M | ||
| Other fees for servicesLn 11g | $11.3M | $9.4M | $1.8M | $121K |
| Advertising and promotionLn 12 | $360K | $136K | $224K | $762 |
| Office expensesLn 13 | $7.6M | $4.7M | $2.7M | $180K |
| Information technologyLn 14 | $7.0M | $2.6M | $4.2M | $105K |
| RoyaltiesLn 15 | $0 | |||
| OccupancyLn 16 | $5.8M | $5.5M | $295K | $1K |
| TravelLn 17 | $3.3M | $3.0M | $249K | $85K |
| Travel and entertainment for public officialsLn 18 | $0 | |||
| Conferences, conventions and meetingsLn 19 | $778K | $540K | $196K | $42K |
| InterestLn 20 | $5.7M | $5.7M | ||
| Payments to affiliatesLn 21 | $0 | |||
| Depreciation, depletion and amortizationLn 22 | $21.2M | $19.7M | $1.4M | $70K |
| InsuranceLn 23 | $3.3M | $2.4M | $917K | |
| Other expenses (24a–d)Ln 24 | $7.3M | $6.5M | $812K | $5K |
| All other expensesLn 24e | $1.2M | $794K | $349K | $9K |
| Total functional expensesLn 25 | $370.5M | $323.0M | $44.3M | $3.3M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 LatestFiled with the IRS May 8, 2026 | $332.7M | $344.9M | −$12.2M | $739.0M | 990 PDF |
| FY2024Filed with the IRS May 9, 2025 | $369.6M | $332.5M | $37.1M | $711.4M | 990 PDF |
| FY2023Filed with the IRS May 10, 2024 | $358.1M | $322.0M | $36.1M | $681.7M | 990 PDF |
| FY2022Filed with the IRS May 9, 2023 | $353.4M | $313.0M | $40.4M | $659.4M | 990 PDF |
| FY2021Filed with the IRS May 3, 2022 | $309.7M | $312.6M | −$2.8M | $718.0M | 990 PDF |
| FY2020 ViewingFiled with the IRS Apr 21, 2021 | $365.7M | $370.5M | −$4.8M | $632.2M | 990 PDF |
Schedules filed Part IV
III · Programs
R · Related orgs
G · Fundraising
L · Interested persons
I · Grants
A · Public support
F · Foreign
M · Noncash
J · Pay
O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $365,679,639 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $39,384,802$12,002,902
I-9 Program service revenuePrior year $356,614,433$335,790,105
I-10 Investment incomePrior year $10,956,608$16,637,996
I-11 Other revenuePrior year $1,718,674$1,248,636
I-12 Total revenuePrior year $408,674,517$365,679,639
I-13 Grants and similar amounts paidPrior year $138,207,660$139,394,709
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $155,098,135$154,287,643
I-16a Professional fundraising feesPrior year $71,222$5,893
I-17 Other expensesPrior year $95,433,936$76,805,420
I-18 Total expensesPrior year $388,810,953$370,493,665
I-19 Revenue less expensesPrior year $19,863,564−$4,814,026
Part VI · Governance 22 of 28 board members independent, no flags
VI-1a Voting members of the governing body28
VI-1b Independent voting members22
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 $365,679,639 across 12 lines filed
Lines not itemized here account for $2,076,456 of total revenue; see the IRS return.
VIII-1e Government grants$5,989,612
VIII-1f All other contributions, gifts and grants$6,013,290
VIII-1g Noncash contributions (included above)$605,549
VIII-1h Total contributions, gifts and grants$12,002,902
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $334,334,858$334,334,858
VIII-3 Investment incomeUnrelated business −$23,060 · Excluded from tax $7,087,460$7,064,400
VIII-5 RoyaltiesExcluded from tax $37,180$37,180
VIII-6 Net rental income or lossUnrelated business $77,353 · Excluded from tax $65,580$142,933
VIII-7 Net gain or loss on sales of assetsExcluded from tax $9,573,596$9,573,596
VIII-8 Net income from fundraising eventsExcluded from tax $5,568$5,568
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $441,746$441,746
VIII-12 Total revenueRelated to mission $335,252,251 · Unrelated business $161,698 · Excluded from tax $18,262,788$365,679,639
Part IX · Statement of functional expenses $370,493,665 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $291,231$291,231
IX-2 Grants to domestic individualsPrograms $138,835,004$138,835,004
IX-3 Grants and assistance to foreign recipientsPrograms $268,474$268,474
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $1,088,892 · Management $2,866,244 · Fundraising $239,628$4,194,764
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $92,037,714 · Management $20,054,323 · Fundraising $1,731,146$113,823,183
IX-8 Pension plan contributionsPrograms $6,517,962 · Management $1,375,068 · Fundraising $144,025$8,037,055
IX-9 Other employee benefitsPrograms $18,498,088 · Management $3,603,302 · Fundraising $432,594$22,533,984
IX-10 Payroll taxesPrograms $4,458,450 · Management $1,138,135 · Fundraising $102,072$5,698,657
IX-11a Management fees$0
IX-11b Legal feesPrograms $3,393 · Management $341,036$344,429
IX-11c Accounting feesManagement $258,047$258,047
IX-11d Lobbying feesPrograms $7,500$7,500
IX-11e Professional fundraising feesFundraising $5,893$5,893
IX-11f Investment management feesManagement $1,392,906$1,392,906
IX-11g Other fees for servicesPrograms $9,399,701 · Management $1,812,713 · Fundraising $121,271$11,333,685
IX-12 Advertising and promotionPrograms $135,978 · Management $223,685 · Fundraising $762$360,425
IX-13 Office expensesPrograms $4,723,016 · Management $2,702,905 · Fundraising $179,848$7,605,769
IX-14 Information technologyPrograms $2,646,767 · Management $4,244,700 · Fundraising $105,339$6,996,806
IX-15 Royalties$0
IX-16 OccupancyPrograms $5,473,923 · Management $294,782 · Fundraising $1,352$5,770,057
IX-17 TravelPrograms $2,974,375 · Management $248,905 · Fundraising $84,568$3,307,848
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $540,189 · Management $195,856 · Fundraising $41,909$777,954
IX-20 InterestPrograms $5,662,306$5,662,306
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $19,736,135 · Management $1,422,220 · Fundraising $70,407$21,228,762
IX-23 InsurancePrograms $2,378,569 · Management $916,820$3,295,389
IX-24 Other expenses (24a–d)Programs $6,495,413 · Management $811,763 · Fundraising $4,880$7,312,056
IX-24e All other expensesPrograms $793,869 · Management $348,627 · Fundraising $8,985$1,151,481
IX-25 Total functional expensesPrograms $322,966,949 · Management $44,252,037 · Fundraising $3,274,679$370,493,665
Part X · Balance sheet $834,703,732 assets, 24 lines filed
Asset lines not itemized here account for $6,180,790; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $469,798$246,850
X-2 Savings and temporary cash investmentsStart of year $18,434,340$8,884,780
X-3 Pledges and grants receivableStart of year $3,978,120$1,906,790
X-4 Accounts receivableStart of year $6,130,923$7,421,495
X-8 Inventories for sale or useStart of year $863,669$844,908
X-9 Prepaid expenses and deferred chargesStart of year $3,666,739$2,942,234
X-10c Land, buildings and equipment, netStart of year $373,656,287$366,984,880
X-11 Publicly traded securitiesStart of year $185,255,919$190,630,808
X-12 Other securitiesStart of year $248,191,679$241,245,769
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $188,572$7,414,428
X-16 Total assetsStart of year $848,522,055$834,703,732
X-17 Accounts payable and accrued expensesStart of year $20,033,472$27,604,038
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $6,452,612$2,685,647
X-20 Tax-exempt bond liabilitiesStart of year $114,975,709$111,085,501
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $31,363,235$39,887,538
X-26 Total liabilitiesStart of year $194,975,176$202,469,395
X-27 Net assets without donor restrictionsStart of year $514,066,572$493,907,692
X-28 Net assets with donor restrictionsStart of year $139,480,307$138,326,645
X-32 Total net assets or fund balancesStart of year $653,546,879$632,234,337
X-33 Total liabilities and net assetsStart of year $848,522,055$834,703,732
Part XI · Reconciliation of net assets $632,234,337 net assets at year end
XI-1 Total revenue$365,679,639
XI-2 Total expenses$370,493,665
XI-3 Revenue less expenses−$4,814,026
XI-4 Net assets at start of year$653,546,879
XI-5 Net unrealized gains (losses) on investments−$10,620,716
XI-9 Other changes in net assets−$5,877,800
XI-10 Net assets at end of year$632,234,337
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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