Manhattan University

Nonprofit profile at a glance

EIN
131740468
IRS 990 coverage
2009–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024, Form 990-N 2011
Location
Riverdale, NY, USA
Phone
7188627349
Rating
87
Verdict
STRONG
Rating confidence
Standard
Sector
University or Technological Institute
Affiliation
Christianity

Official website

Reported finances

Revenue
$210,138,327
Expenses
$213,011,542
Assets
$428,441,320
Liabilities
$110,518,612

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

Leadership & pay

45 people listed

Executive titles in this filing

  • DR FREDERICK BONATO (INTERIM PRESIDENT (start October 2024))
  • DR MILO RIVERSO (PRESIDENT (end October 2024))
  • BR AUGUSTINE NICOLETTI (VICE PRESIDENT OF MISSION (Start August 2024))
  • CRAIG COLLINS (VICE PRESIDENT FOR FACILITIES)
  • DR STEPHEN J PUGLIESE (INTERIM VICE PRESIDENT ENROLLMENT MANAGEMENT (start July 2024))
  • JAMES J PERRINO (VICE PRESIDENT FINANCE & CFO, TREASURER)

Highest reported compensation

  • DR BRENNAN O'DONNELL (PRESIDENT EMERITUS): $1,018,401 total reported compensation
  • DR MILO RIVERSO (PRESIDENT (end October 2024)): $776,301 total reported compensation
  • THOMAS MAURIELLO (VICE PRESIDENT, ASSISTANT TREASURER): $582,522 total reported compensation

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

Overview

Mission

Manhattan University is a Lasallian Catholic institution with a mission-centered approach to education that emphasizes academic excellence, service to others, and opportunity for all. & Ministry Rooted in 1853, alive in everything we do today. Manhattan University is a Lasallian Catholic institution where faith, learning, and service shape how students live and lead. Our mission inspires the classroom, the chapel, and the communities we serve across New York City and around the world. Image De Le Salle Building at Manhattan University.

What it reported doing in 2024

Manhattan university is an independent catholic institution of higher learning that offers the variety of academic programming found at a large university, but with the personalized learning experience of a small, liberal arts school. The university's three distinct schools, the kakos school of arts and science, the school of engineering, and the o'malley school of business, offer more than 100 majors, minors, graduate programs, and advanced certificates, as well as degrees that can be earned fully online or combined with a traditional classroom experience. With a 15:1 student to faculty ratio, a catalog of courses that uses New York city as a classroom and a curriculum built on a strong liberal arts foundation, our students secure internships and jobs at fortune 500 companies and conduct research that makes a real impact in the world. The university educates approximately 2,838 undergraduate and 542 graduate students each year.

Operating model

Revenue model
Other-operating. 87% of the money available for current operations came from other operating revenue.
Distribution model
Hybrid. The nonprofit split its reported program spending across 56% for direct work, and 44% 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. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 79
  • Transparency & Controls: 96
  • Accountability: 98
  • Sustainability: 39
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 88.1%; rating input score 88
  • Program expense ratio: 86.4%; rating input score 86
  • Fundraising efficiency: $3.94 raised per $1 spent on fundraising; rating input score 15; 15th 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: Limited
  • 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: 95.7%; rating input score 96; 49th 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: -1.4%; rating input score 21; 21st percentile among comparable filings
  • Total-asset coverage ratio: 2.01; rating input score 63; 63rd percentile among comparable filings
  • Liabilities to assets ratio: 0.26; rating input score 61; 61st percentile among comparable filings
  • Officer compensation ratio: 3.4%; rating input score 33; 33rd percentile among comparable filings

Growth

  • Program expense growth: 3.2% per year; rating input score 100; 23rd percentile among comparable filings
  • Revenue growth: 3.7% per year; rating input score 100; 29th percentile among comparable filings
  • Asset growth: 4.2% per year; rating input score 100; 30th percentile among comparable filings

Details

  • What they do: 8 programs and campaigns described on the official site
  • Where the money goes: 88.1% of revenue deployed · 86.4% of spending went to programs
  • Governance: 22 of 23 board members independent · 9 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $183.9M in reported program spending
  • Leadership: top reported pay $1M · 45 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $24.3M reported
  • Consistency: 48 of 48 current checks pass
  • Schedules: 11 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 22 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • 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.

Key Signals

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

  • High — Financial Efficiency: Fundraising efficiency scored 15/100.
  • High — Sustainability: Operating margin scored 21/100.
  • Moderate — Sustainability: Officer compensation ratio scored 33/100.