Nonprofit · EIN 14-1468399
MOUNT SAINT MARY COLLEGE
Tax-exempt · NEWBURGH, NY 12550
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $75,695,641 | $77,487,319 | -$1,791,678 | $161,030,971 | $44,286,480 | $116,744,491 |
| June 30, 2024 | 990 | $86,163,480 | $80,555,688 | $5,607,792 | $175,053,841 | $48,042,397 | $127,011,444 |
| June 30, 2023 | 990 | $80,826,221 | $80,803,480 | $22,741 | $181,995,919 | $50,750,852 | $131,245,067 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $4,555,558
- of which government grants
- $1,919,029
- Program service revenue
- $58,479,739
- Investment income
- $654,387
- Net rental income
- -$10,887
- Net gain from sales of assets
- -$634,172
- Net income from fundraising events
- -$35,121
- Other revenue
- $12,005,957
Expenses
- Grants and similar amounts paid
- $21,476,703
- Compensation of officers, directors and key employees
- $1,026,221
- Other salaries and wages
- $20,991,233
- Salaries, compensation and benefits (total)
- $28,480,112
- Professional fundraising fees
- $0
- Legal fees
- $49,239
- Accounting fees
- $156,549
- Occupancy
- $2,357,949
- Travel
- $411,962
- Depreciation
- $7,876,475
- Program services (functional)
- $67,481,541
- Management and general (functional)
- $9,401,814
- Fundraising (functional)
- $603,964
Balance sheet and other
- Total assets, start of year
- $175,053,841
- Total assets, end of year
- $161,030,971
- Total liabilities, end of year
- $44,286,480
- Net assets, end of year
- $116,744,491
- Land, buildings and equipment
- $88,141,124
- Publicly traded securities
- $38,381,186
- Net assets without donor restrictions
- $96,068,309
- Net assets with donor restrictions
- $20,676,182
- Gross unrelated business income
- $368,180
- Gross receipts
- $128,842,449
- Employees
- 795
- Volunteers
- 19
- Year formed
- 1960
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Arthur D Glass MBA CPA | Vice President for Finance & Administration (through Oct 2024) Officer | 35 | $239,913 | $12,911 |
| Dr Robert Gervasi | President Officer | 35 | $187,327 | $33,626 |
| Tiffany Gagliano | Former Chief of Staff Former | 0 | $195,675 | $10,294 |
| Nidhi Khurana-Baugh | Vice President Advancement Highest-paid employee | 35 | $162,370 | $34,475 |
| Evan Merkhofer | Interim Vice President for Academic Affairs Officer | 35 | $161,317 | $34,426 |
| Elaine A O'Grady MBA | Vice President for Students Highest-paid employee | 35 | $181,063 | $9,753 |
| Kelly Walsh | Chief Information and Security Officer Highest-paid employee | 35 | $184,589 | $900 |
| Kimberly Strano | Vice President of Enrollment Management Highest-paid employee | 35 | $155,216 | $8,606 |
| Marilyn Lashlee | Interim Dean of Nursing Highest-paid employee | 35 | $134,173 | $26,889 |
| Fr Gregoire Fluet | Former Interim President Former | 35 | $127,720 | $15,838 |
| Susan Shea | Chief Financial Officer Officer | 35 | $127,662 | $7,238 |
| Brian Moore | Executive Director of College Operations Officer | 35 | $117,336 | $6,614 |
| Ludwig H Bach | Chair Trustee or director, Officer | 6 | $0 | $0 |
| Philip DeAngelo | Vice Chair Trustee or director, Officer | 10 | $0 | $0 |
| Anne Marie Murray PhD | Board Member Trustee or director | 3 | $0 | $0 |
17 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Beth Jennings | Board Member Trustee or director | 1 | $0 |
| Christina Bart Bilsky | Board Member Trustee or director | 10 | $0 |
| Christofer Guarino | Board Member Trustee or director | 1 | $0 |
| Claude D'Alessandro | Board Member Trustee or director | 1 | $0 |
| Jake Kosack | Board Member Trustee or director | 1 | $0 |
| Jeremy Smith | Board Member Trustee or director | 2 | $0 |
| Jonathan H Gatsik | Board Member Trustee or director | 2 | $0 |
| Liam O'Brien Esq | Board Member (through Sept 2024) Trustee or director | 1 | $0 |
| Michael Horodyski | Board Member Trustee or director | 5 | $0 |
| Sister Constance Kelly OP '95 | Board Member Trustee or director | 1.5 | $0 |
| Sister Constance Koch OP '71 | Board Member Trustee or director | 2 | $0 |
| Sister Patricia Magee OP 88 | Board Member Trustee or director | 2 | $0 |
| Sister Patricia Sullivan OP | Board Member Trustee or director | 1 | $0 |
| Sr Catherine McDonnell OP | Board Member Trustee or director | 6 | $0 |
| Stephen McCarthy | Board Member Trustee or director | 1 | $0 |
| Valerie Bryant | Board Member Trustee or director | 1 | $0 |
| William Fioravanti | Board Member Trustee or director | 3 | $0 |
990 for the year ended June 30, 2024: 32 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Dr Jason N Adsit PhD | President until August 2023 Officer | 35 | $326,221 | $77,063 |
| Arthur D Glass MBA CPA | Vice President for Finance & Administration Officer | 35 | $257,198 | $13,718 |
| George Abaunza PhD | Vice President for Academic Affairs until July 2023 Officer | 35 | $181,123 | $23,984 |
| Tiffany Gagliano | Chief of Staff until April 2024 Highest-paid employee | 35 | $186,817 | $9,357 |
| Nidhi Khurana-Baugh | Vice President Advancement Highest-paid employee | 35 | $157,673 | $33,341 |
| Elaine A O'Grady MBA | Vice President for Students Highest-paid employee | 35 | $170,860 | $9,428 |
| Moira T Tolan | Faculty Highest-paid employee | 35 | $132,283 | $13,224 |
| Paul D Schwartz | Faculty Highest-paid employee | 35 | $133,480 | $7,247 |
| Evan Merkhofer | Interim Vice President for Academic Affairs Officer | 35 | $99,654 | $30,451 |
| Fr Gregoire Fluet | Interim President Officer | 35 | $86,703 | $14,067 |
| Michael Horodyski | Chair Trustee or director, Officer | 4 | $0 | $0 |
| Philip DeAngelo | Vice Chair Trustee or director, Officer | 10 | $0 | $0 |
| Anne Marie Murray PhD | Board Member Trustee or director | 4 | $0 | $0 |
| Anthony Liotti | Board Member (through January 2024) Trustee or director | 1 | $0 | $0 |
| Beth Jennings | Board Member Trustee or director | 1 | $0 | $0 |
| Christina Bart Bilsky | Board Member Trustee or director | 6 | $0 | $0 |
| Christofer Guarino | Board Member Trustee or director | 1 | $0 | $0 |
| Claude D'Alessandro | Board Member Trustee or director | 1 | $0 | $0 |
| Jake Kosack | Board Member Trustee or director | 1 | $0 | $0 |
| Jeremy Smith | Board Member Trustee or director | 2 | $0 | $0 |
| Jonathan H Gatsik | Board Member Trustee or director | 1 | $0 | $0 |
| Liam O'Brien Esq | Board Member (through September 2024) Trustee or director | 1 | $0 | $0 |
| Ludwig H Bach | Board Memeber (as of March 2024) Trustee or director | 6 | $0 | $0 |
| Michael Catania Esq | Board Member (through May 2024) Trustee or director | 1 | $0 | $0 |
| Sister Constance Kelly OP '95 | Board Member Trustee or director | 1.5 | $0 | $0 |
| Sister Constance Koch OP '71 | Board Member Trustee or director | 1 | $0 | $0 |
| Sister Maureen Sullivan | Board Member (through March 2024) Trustee or director | 2 | $0 | $0 |
| Sister Patricia Magee OP 88 | Board Member Trustee or director | 1 | $0 | $0 |
| Sr Catherine McDonnell OP | Board Member Trustee or director | 5 | $0 | $0 |
| Stephen McCarthy | Board Member Trustee or director | 1 | $0 | $0 |
| Valerie Bryant | Board Member Trustee or director | 1 | $0 | $0 |
| William Fioravanti | Board Member Trustee or director | 3 | $0 | $0 |
990 for the year ended June 30, 2023: 28 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Dr Jason N Adsit PhD | President Officer | 35 | $319,228 | $74,890 |
| Arthur D Glass MBA CPA | Vice President for Finance & Administration Officer | 35 | $247,425 | $6,114 |
| George Abaunza PhD | Vice President for Academic Affairs Officer | 35 | $182,305 | $28,839 |
| Elaine A O'Grady MBA | Vice President for Students Highest-paid employee | 35 | $199,483 | $5,166 |
| Nidhi Khurana-Baugh | Vice President Advancement Highest-paid employee | 35 | $157,441 | $36,451 |
| Tiffany Gagliano | Dean of the School of Business Highest-paid employee | 35 | $164,737 | $2,207 |
| Christine Berte | Dean of the School of Nursing Highest-paid employee | 35 | $153,943 | $1,942 |
| Moira T Tolan | Faculty Highest-paid employee | 35 | $132,812 | $3,947 |
| Michael Horodyski | Chair Trustee or director, Officer | 15 | $0 | $0 |
| Philip DeAngelo | Vice Chair Trustee or director, Officer | 10 | $0 | $0 |
| Anne Marie Murray PhD | Board Member Trustee or director | 6 | $0 | $0 |
| Anthony Liotti | Board Member Trustee or director | 1 | $0 | $0 |
| Beth Jennings | Board Member (as of Sept 2022) Trustee or director | 1 | $0 | $0 |
| Christina Bart Bilsky | Board Member (as of June 2023) Trustee or director | 3.5 | $0 | $0 |
| Christofer Guarino | Board Member Trustee or director | 1 | $0 | $0 |
| Jake Kosack | Board Member Trustee or director | 2 | $0 | $0 |
| Jeremy Smith | Board Member Trustee or director | 3 | $0 | $0 |
| Kekuut J Hoomkwap | Board Member Trustee or director | 1 | $0 | $0 |
| Liam O'Brien Esq | Board Member Trustee or director | 5 | $0 | $0 |
| Michael Catania Esq | Board Member Trustee or director | 5 | $0 | $0 |
| Sister Constance Kelly OP '95 | Board Member Trustee or director | 1.5 | $0 | $0 |
| Sister Constance Koch OP '71 | Board Member Trustee or director | 3 | $0 | $0 |
| Sister Maureen Sullivan | Board Member Trustee or director | 2 | $0 | $0 |
| Sister Patricia Magee OP 88 | Board Member Trustee or director | 1 | $0 | $0 |
| Sr Catherine McDonnell OP | Board Member Trustee or director | 2 | $0 | $0 |
| Stephen McCarthy | Board Member Trustee or director | 1 | $0 | $0 |
| Valerie Bryant | Board Member (as of Sept 2022) Trustee or director | 1 | $0 | $0 |
| William Fioravanti | Board Member (as of Sept 2022) Trustee or director | 5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 330 POWELL AVE, NEWBURGH, NY 12550-3412
- In care of
- % FINANCE OFFICE
- Principal officer (990 for 2024)
- Dr Robert Gervasi, 330 Powell Avenue, Newburgh, NY 125503412
- Signed the 990
- Susan Shea, CFO
- Phone
- (845) 561-0800
- Website
- www.msmc.edu
- Return prepared by
- CROWE LLP
Mission
As reflected in its motto "Doce Me Veritatem" (Teach me the Truth), Mount Saint Mary College is an independent, coeducational institution committed to providing students with a liberal arts education to prepare them for lives of leadership and service. Through a variety of majors and professional programs, students are also prepared for career entry or graduate and professional studies. Consistent with Judeo-Christian values and the Dominican tradition of education that values the inherent worth of the individual, the mission of Mount Saint Mary College is to create an environment which fosters close student-faculty interaction that enables students to reach their full potential as lifelong learners. Mount Saint Mary College strives to provide a stimulating environment that promotes the intellectual and personal growth of undergraduate, graduate and continuing education students.
Program accomplishments
- MOUNT SAINT MARY COLLEGE, A HIGHER EDUCATION INSTITUTION, PROVIDES UNDERGRADUATE AND GRADUATE EDUCATION FOR APPROXIMATELY 2,986 FULL AND PART TIME STUDENTS, REPRESENTING OVER 22 STATES AND 27 COUNTRIES.Expenses $51,631,321 · grants $21,476,703 · revenue $49,455,847
- ROOM AND BOARD: THE COLLEGE SEEKS TO OFFER OUR STUDENTS INCLUSIVE COMMUNITIES, SOCIAL, AND EDUCATIONAL OPPORTUNITIES, AND SAFE AND WELL-MAINTAINED RESIDENCE FACILITIES. ALL OF OUR RESIDENCE HALLS ARE NEWLY BUILT OR RECENTLY RENOVATED. APPROXIMATELY 320 STUDENTS CALL OUR RESIDENCE HALLS HOME.Expenses $13,732,567 · revenue $5,922,337
- BISHOP DUNN MEMORIAL SCHOOL: ELEMENTARY SCHOOL OPERATIONS, AN ADJUNCT FACILITY ON THE MOUNT SAINT MARY COLLEGE CAMPUS, WHERE THE MOUNT'S EDUCATION STUDENTS ASSIST AND OBSERVE IN TEACHING, AND MAY COMPLETE FIELD WORK. THIS ON-CAMPUS SCHOOL IS A COMBINED ELEMENTARY SCHOOL AND MIDDLE SCHOOL FOR PRE-K THROUGH GRADE 8 STUDENTS. IT OFFERS A VARIETY OF PROGRAMS, INCLUDING ENRICHMENT FOR HONORS STUDENTS, SPECIAL EDUCATION, VIRTUAL FIELD TRIPS AND OTHER CREATIVE USES OF TECHNOLOGY. INDIVIDUALLY GIFTED PROGRAMS, ON BOTH PRIMARY AND MIDDLE LEVELS, ARE CONDUCTED HERE, AS WELL AS CLASSES FOR CHILDREN WITH LEARNING DISABILITIES.Expenses $2,117,653 · revenue $1,878,734
- OTHER SOURCES OF INCOME SUCH AS COMMUNITY EDUCATION, SUMMER CAMPS, AND INDIRECT COST RECOVERY.revenue $1,274,786
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 14-1468399
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Exempt since
- 1946
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B430)
- Group exemption
- 0928: UNITED STATES CATHOLIC CONFERENCE
- Assets (IRS master file)
- $161,030,971
- Income (IRS master file)
- $128,842,449
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $75,695,641 | $77,487,319 | $161,030,971 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $86,163,480 | $80,555,688 | $175,053,841 | IRS |
| 990 | June 2023 | $80,826,221 | $80,803,480 | $181,995,919 | XML |
| 990 | June 2022 | $69,539,396 | $75,548,934 | $192,615,143 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 14-1468399).
Questions about MOUNT SAINT MARY COLLEGE
- What is the EIN of MOUNT SAINT MARY COLLEGE?
- The employer identification number (EIN) of MOUNT SAINT MARY COLLEGE is 14-1468399.
- Is MOUNT SAINT MARY COLLEGE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1946.
- Which annual return does MOUNT SAINT MARY COLLEGE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MOUNT SAINT MARY COLLEGE due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MOUNT SAINT MARY COLLEGE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of MOUNT SAINT MARY COLLEGE?
- The 990 for the year ended June 30, 2025 names Dr Robert Gervasi.
- Who are the officers and directors of MOUNT SAINT MARY COLLEGE?
- The 990 for the year ended June 30, 2025 lists 32 people; 12 received compensation from the organization, the highest $239,913 (Arthur D Glass MBA CPA, Vice President for Finance & Administration (through Oct 2024)).
- How much revenue does MOUNT SAINT MARY COLLEGE have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $75,695,641, expenses of $77,487,319 and total assets of $161,030,971 at year end.
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