Endicott College

Nonprofit profile at a glance

EIN
042103567
IRS 990 coverage
2009–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Beverly, MA, USA
Phone
9782322384
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
University or Technological Institute

Official website

Reported finances

Revenue
$226,515,417
Expenses
$215,430,999
Assets
$551,769,836
Liabilities
$133,381,635

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

37 people listed

Executive titles in this filing

  • STEVEN R DISALVO (PRESIDENT (ON LEAVE AS OF 04/2025))

Highest reported compensation

  • STEVEN R DISALVO (PRESIDENT (ON LEAVE AS OF 04/2025)): $783,047 total reported compensation
  • ANTHONY FERULLO (VP OF FINANCE & COO): $478,080 total reported compensation
  • SARA QUAY (PROVOST): $351,107 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Endicott college offers students a vibrant academic environment that remains true to its founding principle of integrating professional and liberal arts with experiential learning. For more information see schedule o.

What it reported doing in 2024

*education and auxiliary* see schedule o. *education and auxiliary*endicott's undergraduate college offers bachelor of fine arts, bachelor of art, and bachelor of science degrees. Traditional undergraduate enrollment for fall 2024 was approximately 3,100 students. Endicott's graduate and van loan professional studies programs grant associate in arts, associate in science, bachelor of arts, bachelor of science, master of arts, master of education, master of science, master of business administration, doctor of education, doctor of nursing practice, and doctor of philosophy degrees. Enrollment in the graduate and van loan professional studies programs was approximately 1,200 students as of fall 2024, including programs in beverly, Massachusetts, madrid, spain, switzerland, and online. Endicott college's academic offerings provide undergraduates with an enriching and challenging educational experience. Students select from a broad array of major and minor program offerings which are augmented by coursework in the liberal arts and required experiential learning opportunities within their professional areas of study.of the total undergraduate enrollment, nearly 86% live on campus. The college offers a large variety of residence hall options, ranging from traditional to apartment-style housing. Facilities consist of converted mansions, small houses, townhouses, and larger residence halls. For the fall 2024 semester, 2,861 students were residential students, including appoximately 166 students who were studying abroad and expected back in the spring semester. All resident students on campus must enroll in one of four meal plans offered during the academic year. Dining options include a large dining hall, two cafes, and a lodge.

Operating model

Revenue model
Other-operating. 96% of the money available for current operations came from other operating revenue.
Distribution model
Hybrid. The nonprofit split its reported program spending across 72% for direct work, and 28% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 77
  • Transparency & Controls: 77
  • Accountability: 95
  • Sustainability: 62
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 83.8%; rating input score 84
  • Program expense ratio: 87.6%; rating input score 88
  • Fundraising efficiency: $2.34 raised per $1 spent on fundraising; rating input score 7; 7th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 92.3%; rating input score 92; 41st percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 4.9%; rating input score 56; 56th percentile among comparable filings
  • Total-asset coverage ratio: 2.56; rating input score 71; 71st percentile among comparable filings
  • Liabilities to assets ratio: 0.24; rating input score 63; 63rd percentile among comparable filings
  • Officer compensation ratio: 1.7%; rating input score 62; 62nd percentile among comparable filings

Growth

  • Program expense growth: 5.8% per year; rating input score 100; 47th percentile among comparable filings
  • Revenue growth: 5.7% per year; rating input score 100; 49th percentile among comparable filings
  • Asset growth: 7.6% per year; rating input score 100; 56th percentile among comparable filings

Details

  • Where the money goes: 83.8% of revenue deployed · 87.6% of spending went to programs
  • Governance: 24 of 26 board members independent · 9 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $188.6M in reported program spending
  • Leadership: top reported pay $783K · 37 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $19.6M reported
  • Consistency: 42 of 42 current checks pass
  • Schedules: 12 filed schedules · includes major donors, foreign activity, grants, and executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 11 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • High — Financial Efficiency: Fundraising efficiency scored 7/100.
  • Review — Sustainability: Operating margin scored 56/100.