Nonprofit · EIN 16-1532850
EXCELSIOR UNIVERSITY
Tax-exempt · ALBANY, NY 12203
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $86,844,805 | $82,030,499 | $4,814,306 | $78,191,448 | $13,246,196 | $64,945,252 |
| June 30, 2024 | 990 | $82,983,225 | $76,981,366 | $6,001,859 | $74,733,671 | $16,601,845 | $58,131,826 |
| June 30, 2023 | 990 | $74,436,577 | $70,026,821 | $4,409,756 | $69,059,242 | $19,358,664 | $49,700,578 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $687,494
- of which government grants
- $159,885
- Program service revenue
- $83,363,598
- Investment income
- $2,368,844
- Net rental income
- $316,713
- Net gain from sales of assets
- $725,838
- Other revenue
- $424,869
Expenses
- Grants and similar amounts paid
- $1,183,735
- Compensation of officers, directors and key employees
- $3,599,490
- Other salaries and wages
- $38,777,531
- Salaries, compensation and benefits (total)
- $51,655,054
- Professional fundraising fees
- $37,680
- Legal fees
- $248,636
- Accounting fees
- $88,300
- Occupancy
- $904,054
- Travel
- $511,511
- Depreciation
- $1,446,921
- Program services (functional)
- $44,202,091
- Management and general (functional)
- $37,107,719
- Fundraising (functional)
- $720,689
Balance sheet and other
- Total assets, start of year
- $74,733,671
- Total assets, end of year
- $78,191,448
- Total liabilities, end of year
- $13,246,196
- Net assets, end of year
- $64,945,252
- Land, buildings and equipment
- $14,779,211
- Publicly traded securities
- $32,524,523
- Net assets without donor restrictions
- $61,048,494
- Net assets with donor restrictions
- $3,896,758
- Gross receipts
- $87,998,146
- Employees
- 921
- Volunteers
- 15
- Year formed
- 1998
- 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 |
|---|---|---|---|---|
| David Schejbal | President & Chief Executive Officer Officer | 37.5 | $639,338 | $33,403 |
| Christopher Cassirer | Provost Officer | 37.5 | $362,710 | $35,367 |
| Lorraine Williams | Chief of Staff until 5/30/2025 Officer | 37.5 | $278,469 | $32,920 |
| Mark Howe | VP of Human Resources Officer | 37.5 | $289,736 | $21,544 |
| Francisco Azuola | CIO Key employee | 37.5 | $279,319 | $31,022 |
| Richard Hannmann | Vice President for Finance and CFO Officer | 37.5 | $279,332 | $19,657 |
| Raul Nestor Galarza | Vice President of enrollment management and marketing Officer | 37.5 | $265,071 | $19,287 |
| Robin Goodrich | Executive Dean, CNHS Key employee | 37.5 | $247,358 | $33,207 |
| Priyo Chatterjee | AVP & CAO Highest-paid employee | 37.5 | $221,209 | $31,148 |
| Stephanie Poczos | Vice Provost, Academic Operations & Quality Highest-paid employee | 37.5 | $232,151 | $15,152 |
| Scott Dolan | Executive Dean, CLAS Key employee | 37.5 | $209,104 | $22,147 |
| Daniel Pascoe Aguilar | Founding Director CSJ/CDO Highest-paid employee | 37.5 | $191,196 | $38,289 |
| Adam Sellhorst | Executive Director for Strategic Partnerships Key employee | 37.5 | $167,152 | $36,675 |
| Eduardo Narvaez Boersner | Deputy CIO Enterprise Systems Highest-paid employee | 37.5 | $168,928 | $32,741 |
| Jamie Furgang | AVP - Dev&Alumni Affairs Highest-paid employee | 37.5 | $165,560 | $35,894 |
16 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Tammy Zybell | Dean of School of Nursing until 3/21/2025 Key employee | 37.5 | $163,441 | $36,620 |
| Michael DiSiena | Former General Counsel (Until 6/22/2024) Officer, Former | 37.5 | $112,281 | $12,166 |
| David Baime | Board Member Trustee or director | 1.2 | $0 | $0 |
| Earl Buford | Board Member Trustee or director | 1.2 | $0 | $0 |
| Jennifer Gentry | Board Member until 3/11/2025 Trustee or director | 1.2 | $0 | $0 |
| Dan Greenstein | Board Member until 4/21/2025 Trustee or director | 1.2 | $0 | $0 |
| Karen Kocher | Board Member until 7/11/2025 Trustee or director | 1.2 | $0 | $0 |
| KH Maman | Board Member until 12/31/2024 Trustee or director | 1.2 | $0 | $0 |
| Rilwan Meeran | Board Member Trustee or director | 1.2 | $0 | $0 |
| Clar Rosso | Board Member Trustee or director | 1.2 | $0 | $0 |
| Rose Wang | Board member Trustee or director | 1.2 | $0 | $0 |
| David Wilson | Board Member Trustee or director | 1.2 | $0 | $0 |
| Kent Clark | Treasurer Officer | 1.4 | $0 | $0 |
| Charlene Dukes | Vice Chair until 12/31/2024 Officer | 1.4 | $0 | $0 |
| Matthew Loeb | Chair Officer | 1.4 | $0 | $0 |
| Jeanne Meister | Secretary of the Board until 12/31/2024 then Vice Chair Officer | 1.4 | $0 | $0 |
990 for the year ended June 30, 2024: 29 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| David Schejbal | President & Chief Executive Officer Officer | 37.5 | $583,902 | $31,811 |
| Christopher Cassirer | Provost Officer | 37.5 | $348,697 | $38,341 |
| Francisco Azuola | CIO Key employee | 37.5 | $287,310 | $41,983 |
| Mark Howe | VP of Human Resources Officer | 37.5 | $279,244 | $19,652 |
| Lorraine Williams | Chief of Staff Officer | 37.5 | $288,249 | $8,636 |
| Richard Hannmann | Vice President for Finance and CFO Officer | 37.5 | $257,769 | $18,149 |
| Raul Nestor Galarza | Vice President of enrollment management and marketing Officer | 37.5 | $231,595 | $17,619 |
| Stephanie Poczos | Vice Provost, Academic Operations & Quality Highest-paid employee | 37.5 | $223,382 | $14,538 |
| Scott Dolan | Executive Dean, CLAS Key employee | 37.5 | $203,322 | $20,672 |
| Daniel Pascoe Aguilar | Founding Director CSJ/CDO Highest-paid employee | 37.5 | $183,942 | $36,471 |
| Michael DiSiena | General Counsel Officer | 37.5 | $186,172 | $21,199 |
| Jamie Furgang | AVP - Dev&Alumni Affairs Highest-paid employee | 37.5 | $160,051 | $19,828 |
| Karen Halaco | Sr Dir HR Prog&Comp Support Highest-paid employee | 37.5 | $152,155 | $26,761 |
| Robin Goodrich | Executive Dean, CNHS starting 8/2023 Key employee | 37.5 | $162,536 | $10,214 |
| Christine Thorpe | Executive Dean, CNHS Until 8/2023 Key employee | 37.5 | $162,190 | $9,642 |
| Tracy Caldwell | Assoc Dean- Liberal Arts Highest-paid employee | 37.5 | $135,196 | $14,347 |
| David Baime | Board Member until 12/31/2024 Trustee or director | 1.2 | $0 | $0 |
| Jennifer Gentry | Board Member until 12/31/2025 Trustee or director | 1.2 | $0 | $0 |
| Karen Kocher | Board Member until 12/31/2025 Trustee or director | 1.2 | $0 | $0 |
| KH Maman | Board Member until 12/31/2024 Trustee or director | 1.2 | $0 | $0 |
| Karim Merchant | Board Member until 12/31/2023 Trustee or director | 1.2 | $0 | $0 |
| Alec Whitters | Board Member until 7/8/2023 Trustee or director | 1.2 | $0 | $0 |
| Dan Greenstein | Board Member until 12/31/2025 Trustee or director | 1.2 | $0 | $0 |
| Kent Clark | Treasurer until 12/31/2025 Trustee or director | 1.4 | $0 | $0 |
| Charlene Dukes | Vice Chair until 12/31/2024 Trustee or director | 1.4 | $0 | $0 |
| Matthew Loeb | Chair until 12/31/2025 Trustee or director | 1.4 | $0 | $0 |
| Jeanne Meister | Secretary of the Board until 12/31/2024 Trustee or director | 1.4 | $0 | $0 |
| Rose Wang | Board member until 12/31/2025 Trustee or director | 1.2 | $0 | $0 |
| David Wilson | Board Member until 12/31/2025 Trustee or director | 1.2 | $0 | $0 |
990 for the year ended June 30, 2023: 34 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| David Schejbal | President & Chief Executive Officer Officer | 37.5 | $563,359 | $37,252 |
| Christopher Cassirer | Provost (as of 9/19/2022) Officer | 37.5 | $302,936 | $7,660 |
| Mark Howe | VP of Human Resources Officer | 37.5 | $256,414 | $17,983 |
| Richard Hannmann | Vice President for Finance and CFO Officer | 37.5 | $231,563 | $16,315 |
| Daniel Pascoe Aguilar | Founding Director CSJ/CDO Highest-paid employee | 37.5 | $188,463 | $35,379 |
| Lisa Daniels | AVP - Analytics Decision Support Highest-paid employee | 37.5 | $177,348 | $35,792 |
| Michael DiSiena | General Counsel Officer | 37.5 | $178,617 | $20,260 |
| Catherine Seaver | Dean, School of Undergraduate Studies Key employee | 37.5 | $170,950 | $26,328 |
| Li-Fang Shih | Special Advisor to Provost Highest-paid employee | 37.5 | $154,666 | $26,780 |
| Scott Dolan | Dean, School of Graduate Studies Key employee | 37.5 | $158,469 | $19,108 |
| Stephanie Poczos | Vice Provost, Academic Operations & Quality Highest-paid employee | 37.5 | $165,250 | $10,655 |
| James Lettko | Former Chief Operating Officer (Until 6/30/2022) Former | 37.5 | $160,292 | $13,002 |
| Karen Halaco | Sr Dir HR Prog&Comp Support Highest-paid employee | 37.5 | $143,661 | $14,977 |
| Dawn Gerrain | Former Chief Marketing & Business Development Officer (Until 6/24/2022) Former | 37.5 | $140,356 | $14,351 |
| John Caron | Former Provost and Chief Academic Officer (Until 12/3/2021) Former | 37.5 | $105,141 | $2,822 |
| Raul Nestor Galarza | Vice President of enrollment management and marketing (as of 12/15/2022) Officer | 37.5 | $87,464 | $6,189 |
| David Baime | Board Member until 12/31/2024 Trustee or director | 1.2 | $0 | $0 |
| Helen Benjamin | Board member until 12/31/2022 Trustee or director | 1.2 | $0 | $0 |
| Gretchen Evans | Board Member until 12/31/2023 Trustee or director | 1.2 | $0 | $0 |
| Jennifer Gentry | Board Member until 12/31/2025 Trustee or director | 1.2 | $0 | $0 |
| Karen Kocher | Board Member until 12/31/2025 Trustee or director | 1.2 | $0 | $0 |
| KH Maman | Board Member until 12/31/2024 Trustee or director | 1.2 | $0 | $0 |
| Karim Merchant | Board Member until 12/31/2023 Trustee or director | 1.2 | $0 | $0 |
| Khori Whittaker | Board Member until 12/31/2022 Trustee or director | 1.2 | $0 | $0 |
| Alec Whitters | Board Member until 12/31/2023 Trustee or director | 1.2 | $0 | $0 |
| Dan Greenstein | Board Member until 12/31/2025 Trustee or director | 1.2 | $0 | $0 |
| David Wilson | Board Member until 12/31/2025 Trustee or director | 1.2 | $0 | $0 |
| Lorraine Williams | Chief of Staff starting 1/3/23 Officer | 37.5 | $0 | $0 |
| Kent Clark | Treasurer until 12/31/2025 Officer | 1.4 | $0 | $0 |
| Don Dea | Chairman until 12/31/2022 Officer | 1.4 | $0 | $0 |
| Charlene Dukes | Board Member until 12/31/2022 then Vice Chair until 12/31/2023 Officer | 1.4 | $0 | $0 |
| Matthew Loeb | Board Member until 12/31/2022 then Chair until 12/31/2025 Officer | 1.4 | $0 | $0 |
| Jeanne Meister | Secretary of the Board until 12/31/2024 Officer | 1.4 | $0 | $0 |
| Rose Wang | Vice Chair until 12/31/2022 then board member until 12/31/2025 Officer | 1.4 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 7 COLUMBIA CIR, ALBANY, NY 12203-5156
- In care of
- % TRICIA TICE
- Principal officer (990 for 2024)
- David Schejbal, 7 Columbia Circle, Albany, NY 122035159
- Signed the 990
- Richard Hannmann, VP for Finance and CFO
- Phone
- (518) 464-8500
- Website
- www.excelsior.edu
Mission
Excelsior University provides educational opportunity to adult learners with an emphasis on those historically underrepresented in higher education. The University meets students where they are - academically and geographically, offering quality instruction and the assessment of prior learning.
Program accomplishments
- Undergrad and Graduate Tuition and Fees. During this period, 145,035 undergraduate hours of course instruction, and 13,594 hours of graduate level course instruction were delivered.Expenses $26,853,048 · grants $1,156,235 · revenue $81,348,656
- Enrollment in higher education. During this period, 6,031 new students enrolled in the University while there were 9,536 actively enrolled students as of 6/30/25. 3,765 degrees were awarded from July 1, 2024 through June 30, 2025.Expenses $17,349,043 · revenue $2,014,942
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
- 16-1532850
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1998
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B42Z)
- Assets (IRS master file)
- $78,191,448
- Income (IRS master file)
- $87,998,146
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $86,844,805 | $82,030,499 | $78,191,448 | IRS |
| 990 | June 2024 | $82,983,225 | $76,981,366 | $74,733,671 | IRS |
| 990 | June 2023 | $74,436,577 | $70,026,821 | $69,059,242 | XML |
| 990 | June 2022 | $71,809,518 | $75,215,077 | $65,195,981 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | 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 16-1532850).
Questions about EXCELSIOR UNIVERSITY
- What is the EIN of EXCELSIOR UNIVERSITY?
- The employer identification number (EIN) of EXCELSIOR UNIVERSITY is 16-1532850.
- Is EXCELSIOR UNIVERSITY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to EXCELSIOR UNIVERSITY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does EXCELSIOR UNIVERSITY 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 EXCELSIOR UNIVERSITY 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 EXCELSIOR UNIVERSITY 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 EXCELSIOR UNIVERSITY?
- The 990 for the year ended June 30, 2025 names David Schejbal.
- Who are the officers and directors of EXCELSIOR UNIVERSITY?
- The 990 for the year ended June 30, 2025 lists 31 people; 17 received compensation from the organization, the highest $639,338 (David Schejbal, President & Chief Executive Officer).
- How much revenue does EXCELSIOR UNIVERSITY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $86,844,805, expenses of $82,030,499 and total assets of $78,191,448 at year end.
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