Nazareth University

Tax-deductible

Rochester, NY501(c)(3)Since 1924Colleges & UniversitiesEIN 16-0743088Revenue $140.0M in FY2024

On file with the IRSnaz.edu4245 East Ave, 14618-3703 · Rochester, NYTax-exempt since Dec 1963School — 170(b)(1)(A)(ii)

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Nazareth University fosters integrated learning through action and reflection, educating whole persons who are guided by empathy, committed to equity, and prepared to lead innovation for our time.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
Run by 251 volunteers and 2,274 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $2.9M a year · 2% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 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
$2.5M
to officers and key staff · 2% of spending
Top officer’s pay lower than 62% of similar orgs
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$57.7M
19% of total assets
Looks good: liabilities are 19% of assets; 50% or less.
Pt X · Ln 26
Independent board members
30
of 32 voting members
Looks good: 30 of 32 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$140.0M
+11% vs prior year
Spent
$134.3M
To programs
90%
Net assets
$242.8M
By yearFY2020–FY2024
Revenue
$140.0M
FY2024▲ +11%
Tap a bar for its year
Revenue by fiscal year
FY2020$119.8M
FY2021$122.6M
FY2022$124.1M
FY2023$138.4M
FY2024$126.3M
FY2024$140.0M
Expenses
$134.3M
FY2024▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020$120.3M
FY2021$116.5M
FY2022$124.0M
FY2023$124.7M
FY2024$131.2M
FY2024$134.3M
Net assets
$242.8M
FY2024▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$202.3M
FY2021$230.5M
FY2022$220.4M
FY2023$227.9M
FY2024$233.4M
FY2024$242.8M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1963.

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% · $121.0M Management & general 9% · $11.8M Fundraising 1% · $1.5M

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

43 people listed on the 990; $2.5M paid to officers and key staff.

Part VII, Section A · reportable compensation
President and Trustee
$497,935Pt VII · Sec A
Provost in Academic Affairs
$245,237Pt VII · Sec A
VP for Finance and Administration
$218,945Pt VII · Sec A
VP for Advancement
$200,195Pt VII · Sec A
VP for Strategic Enrollmen
$197,819Pt VII · Sec A
Former VP for Strategy and Innova
$169,838Pt VII · Sec A
Dean School of Health and
$162,080Pt VII · Sec A
Dean in College of Liberal
$160,000Pt VII · Sec A

Elizabeth Paul’s $498K as President and Trustee is at the 38th 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
Elizabeth Paul$497,935$482,104$465,860$494,948$223,813—
Daan Braveman————$367,298$447,784
Patrick Richey——$248,936$229,235$221,910$222,009
Maureen Finney$245,237$232,398$124,663———
Karen Kuppinger$218,945$203,704$157,971$144,653$144,243$144,851
Andrea Talentino——$120,846$218,593$208,452$207,025
Kelly Gagan————$151,498$206,980
Darrell Bell$200,195$200,442$198,593$123,695——

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

Programs and updates

Provides a holistic higher education that integrates academic learning with practical experience, preparing students to lead with empathy and a commitment to equity.

Provided by the organization

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3 programs · $93.0M · in their own filed words · FY2024
01

Scholarship Programs

Scholarships and grants-reflects the competitive scholarships, need based aid, and higher education opportunity grants awarded to students in order to make the total cost of attendance more affordable. (2,275 total student ftes)

$40.4Mprogram expense
02

Higher education instruction-reflects expenses directly relating to the delivery of quality instructional programs at the undergraduate, graduate, and continuing education levels. Programs of study are delivered through the college of liberal arts, sciences, business & education, and college of visual, performing arts & design.

$36.4Mprogram expense
03

Auxiliary enterprises-pertains to the operations of the institution that exist to furnish a service to students, faculty, or staff, and that charge a fee that is directly related to, although not necessarily equal to, the cost of the service. Auxiliary enterprises are managed as essentially self-supporting activities.

$16.3Mprogram 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
Total grants receivedfrom 1 funder$1K
Grants paid · 18 grants · $227.7M · 2019–2024
Unitemized GrantFY2024$31,859,785
Unitemized GrantFY2024$6,541,529
Unitemized GrantFY2024$1,760,057
Unitemized GrantFY2023$30,481,214
Unitemized GrantFY2023$7,400,319
Unitemized GrantFY2023$1,782,806
Unitemized GrantFY2022$27,725,795
Unitemized GrantFY2022$8,709,203
Unitemized GrantFY2022$1,349,788
Unitemized GrantFY2021$28,856,839
Unitemized GrantFY2021$8,974,384
Unitemized GrantFY2021$1,264,897
Unitemized GrantFY2020$25,942,201
Unitemized GrantFY2020$8,790,350
Unitemized GrantFY2020$1,455,576
Unitemized GrantFY2019$25,882,920
Unitemized GrantFY2019$7,573,410
Unitemized GrantFY2019$1,304,065

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$140.0M
Ln 12
Fees for servicesLn 2g$112.7M
Gifts and grantsLn 1h$15.1M
Investment incomeLn 3$10.4M
Money outPt IX
$134.3M
Ln 25
Programscol B$121.0M
Managementcol C$11.8M
Fundraisingcol D$1.5M
Owns and owesPt X
$242.8M
net assets · Ln 32
Cash and savingsLn 1–2$36.9M
Total assetsLn 16$300.5M
LiabilitiesLn 26$57.7M
PeoplePt VI, VII
43
listed · VII A
PaidVII A13
Voting boardVI 1a32
IndependentVI 1b30
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$15.1M
Government grantsLn 1e$3.2M
Noncash giftsLn 1g$150K
Fundraising eventsLn 1c$22K
Fees for servicesLn 2g$112.7M
Investment incomeLn 3$10.4M
Other incomeLn 4–11$1.8M
Gains on assetsLn 7$7.1M
Total revenueLn 12$140.0M
Assets in detailPt X, end of year
CashLn 1$1.5M
SavingsLn 2$35.4M
Cash and savings togetherLn 1–2$36.9M
InvestmentsLn 11–13$100.1M
Land, buildings, equipmentLn 10c$151.3M
Other assetsLn 15$1.9M
Total assetsLn 16$300.5M
LiabilitiesLn 26$57.7M
Net assetsLn 32$242.8M
OperationsPt I, VI
EmployeesI 52,274
VolunteersI 6251
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$34.8M$36.9M
InvestmentsLn 11–13$93.8M$100.1M
Land, buildings, equipmentLn 10c$153.9M$151.3M
Total assetsLn 16$291.8M$300.5M
LiabilitiesLn 26$58.3M$57.7M
Net assetsLn 32$233.4M$242.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$40.2M$40.2M
Grants and assistance to foreign recipientsLn 3$240K$240K
Pay of current officers, directors and key staffLn 5$1.8M$733K$710K$407K
Other salaries and wagesLn 7$39.6M$33.9M$5.1M$648K
Pension plan contributionsLn 8$1.5M$1.3M$182K$24K
Other employee benefitsLn 9$5.6M$4.7M$753K$127K
Payroll taxesLn 10$2.7M$2.2M$363K$66K
Legal feesLn 11b$354K$354K
Accounting feesLn 11c$106K$106K
Investment management feesLn 11f$890K$890K
Other fees for servicesLn 11g$1.6M$1.3M$299K$13K
Advertising and promotionLn 12$928K$800K$128K
Office expensesLn 13$2.7M$2.0M$481K$125K
Information technologyLn 14$2.1M$2.1M$47K$10K
RoyaltiesLn 15$7K$7K
OccupancyLn 16$9.3M$8.6M$712K
TravelLn 17$922K$884K$22K$16K
Conferences, conventions and meetingsLn 19$230K$159K$59K$12K
InterestLn 20$1.7M$1.5M$131K
Depreciation, depletion and amortizationLn 22$8.8M$8.2M$572K
InsuranceLn 23$1.2M$1.1M$59K
Other expenses (24a–d)Ln 24$11.8M$10.9M$843K$25K
Total functional expensesLn 25$134.3M$121.0M$11.8M$1.5M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $126.3M$131.2M−$4.9M$233.4M 990 PDF
FY2023 $138.4M$124.7M$13.8M$227.9M 990 PDF
FY2022 $124.1M$124.0M$38K$220.4M 990 PDF
FY2021 $122.6M$116.5M$6.1M$230.5M 990 PDF
FY2020 $119.8M$120.3M−$557K$202.3M 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 FY2024 990 (6 parts)
Part I · Summary $140,046,461 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $7,586,836$15,134,071
I-9 Program service revenuePrior year $110,995,818$112,736,041
I-10 Investment incomePrior year $6,337,839$10,393,040
I-11 Other revenuePrior year $1,426,277$1,783,309
I-12 Total revenuePrior year $126,346,770$140,046,461
I-13 Grants and similar amounts paidPrior year $39,930,236$40,400,996
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $50,969,663$51,293,525
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $40,300,909$42,574,449
I-18 Total expensesPrior year $131,200,808$134,268,970
I-19 Revenue less expensesPrior year −$4,854,038$5,777,491
Part VI · Governance 30 of 32 board members independent, 1 to look at
VI-1a Voting members of the governing body32
VI-1b Independent voting members30
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $140,046,461 across 12 lines filed
Lines not itemized here account for $1,414,963 of total revenue; see the IRS return.
VIII-1c Fundraising events$21,720
VIII-1e Government grants$3,221,440
VIII-1f All other contributions, gifts and grants$11,890,911
VIII-1g Noncash contributions (included above)$150,374
VIII-1h Total contributions, gifts and grants$15,134,071
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $112,707,766 · Unrelated business $28,275$112,736,041
VIII-3 Investment incomeExcluded from tax $3,294,465$3,294,465
VIII-6 Net rental income or lossExcluded from tax $114,763$114,763
VIII-7 Net gain or loss on sales of assetsExcluded from tax $7,098,575$7,098,575
VIII-8 Net income from fundraising eventsExcluded from tax $34,437$34,437
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $219,146$219,146
VIII-12 Total revenueRelated to mission $113,695,489 · Unrelated business $455,515 · Excluded from tax $10,761,386$140,046,461
Part IX · Statement of functional expenses $134,268,970 across 22 lines filed
IX-2 Grants to domestic individualsPrograms $40,161,371$40,161,371
IX-3 Grants and assistance to foreign recipientsPrograms $239,625$239,625
IX-5 Pay of current officers, directors and key staffPrograms $732,676 · Management $710,080 · Fundraising $407,219$1,849,975
IX-7 Other salaries and wagesPrograms $33,943,314 · Management $5,056,253 · Fundraising $648,444$39,648,011
IX-8 Pension plan contributionsPrograms $1,317,084 · Management $182,052 · Fundraising $23,760$1,522,896
IX-9 Other employee benefitsPrograms $4,726,892 · Management $752,992 · Fundraising $126,528$5,606,412
IX-10 Payroll taxesPrograms $2,237,251 · Management $362,858 · Fundraising $66,122$2,666,231
IX-11b Legal feesManagement $353,961$353,961
IX-11c Accounting feesManagement $106,050$106,050
IX-11f Investment management feesManagement $890,439$890,439
IX-11g Other fees for servicesPrograms $1,296,671 · Management $299,099 · Fundraising $13,227$1,608,997
IX-12 Advertising and promotionPrograms $800,227 · Management $127,582$927,809
IX-13 Office expensesPrograms $2,048,105 · Management $481,241 · Fundraising $124,601$2,653,947
IX-14 Information technologyPrograms $2,053,124 · Management $46,627 · Fundraising $9,796$2,109,547
IX-15 RoyaltiesPrograms $7,484$7,484
IX-16 OccupancyPrograms $8,582,529 · Management $712,042$9,294,571
IX-17 TravelPrograms $883,596 · Management $21,875 · Fundraising $16,339$921,810
IX-19 Conferences, conventions and meetingsPrograms $159,225 · Management $58,785 · Fundraising $12,331$230,341
IX-20 InterestPrograms $1,546,447 · Management $131,038$1,677,485
IX-22 Depreciation, depletion and amortizationPrograms $8,226,632 · Management $571,905$8,798,537
IX-23 InsurancePrograms $1,119,990 · Management $58,947$1,178,937
IX-24 Other expenses (24a–d)Programs $10,946,494 · Management $843,376 · Fundraising $24,664$11,814,534
IX-25 Total functional expensesPrograms $121,028,737 · Management $11,767,202 · Fundraising $1,473,031$134,268,970
Part X · Balance sheet $300,525,168 assets, 19 lines filed
Asset lines not itemized here account for $210,438; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $663,780$1,477,043
X-2 Savings and temporary cash investmentsStart of year $34,177,841$35,374,232
X-3 Pledges and grants receivableStart of year $2,107,190$5,284,934
X-4 Accounts receivableStart of year $3,047,832$2,527,017
X-9 Prepaid expenses and deferred chargesStart of year $2,052,874$2,374,546
X-10c Land, buildings and equipment, netStart of year $153,861,217$151,303,950
X-11 Publicly traded securitiesStart of year $66,463,912$68,286,801
X-12 Other securitiesStart of year $27,312,310$31,765,825
X-15 Other assetsStart of year $1,768,871$1,920,382
X-16 Total assetsStart of year $291,769,437$300,525,168
X-17 Accounts payable and accrued expensesStart of year $6,248,344$7,655,339
X-19 Deferred revenueStart of year $783,416$764,056
X-20 Tax-exempt bond liabilitiesStart of year $40,379,454$38,397,816
X-25 Other liabilitiesStart of year $10,917,820$10,929,830
X-26 Total liabilitiesStart of year $58,329,034$57,747,041
X-27 Net assets without donor restrictionsStart of year $182,205,883$181,639,354
X-28 Net assets with donor restrictionsStart of year $51,234,520$61,138,773
X-32 Total net assets or fund balancesStart of year $233,440,403$242,778,127
X-33 Total liabilities and net assetsStart of year $291,769,437$300,525,168
Part XI · Reconciliation of net assets $242,778,127 net assets at year end
XI-1 Total revenue$140,046,461
XI-2 Total expenses$134,268,970
XI-3 Revenue less expenses$5,777,491
XI-4 Net assets at start of year$233,440,403
XI-5 Net unrealized gains (losses) on investments$3,780,107
XI-9 Other changes in net assets−$219,874
XI-10 Net assets at end of year$242,778,127

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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