Hartwick College
Integrates a liberal arts education with experiential learning to foster critical thinking, creativity, and a lifelong passion for learning in an inclusive campus community. For fiscal year 2024 it reported $84.7M in revenue, $92.2M in expenses, and $52.2M in net assets.Pt I
- Founded
- 1797
- Type
- Higher education institution · Colleges & Universities
- Location
- Oneonta, NY
- Website
- www.hartwick.edu
- Filings
- 5 on file (2020–2024)
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Summary of the Filing
Where the work happens
Instruction and Research Instruction is provided to approximately 1,100 full-time students by 90 full-time faculty members. Student and faculty research is conducted as a supplement to academic programming.
Student Services Student services expenses include primarily the student life activities, intercollegiate athletics, the office of the registrar, the office of financial aid and the office of admissions.
Auxiliary Enterprises Auxiliary Enterprise expenses include expenditures associated with the residence halls, food service and health center operations.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
James Mullen’s $399K as Interim President is at the 80th percentile of top reported officer pay among 3682 $10–100M 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 | FY2024 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Margaret Drugovich | — | — | $1,088,935 | $462,766 | — | — |
| Margaret Drugovich | — | — | — | — | $785,838 | $466,354 |
| Darren Reisberg | — | $458,151 | $199,923 | — | — | — |
| James Mullen | $399,260 | — | — | — | — | — |
| Bryan Gross | $220,670 | — | — | — | — | — |
| James Kellerhouse | $218,399 | $218,409 | — | — | — | — |
| Karen McGrath | — | $126,336 | $213,447 | $207,431 | — | — |
| Karen McGrath | — | — | — | — | $205,852 | $194,912 |
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
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 93% | — | — |
| Overhead ratio | 5% | — | — |
| Fundraising cost ratio | 15% | — | — |
| Revenue growth | -3% | — | — |
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
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Filings & Schedule Manifest
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Sources
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