Marist University

What it reported doing in 2024

Marist is a residential campus with approximately 70%+ of students living in on-campus housing all four years. The university recognizes that a student's development should be supported by their living environment and incorporates programming, peer and staff support, and other community-building activities in the residence halls. Another large auxiliary function includes foods service through both a resident and retail dining program. The resident dining operation provides food on a daily basis to over 3,000 participants through more than 10 different dining locations across campus. (continued in schedule o)the campus dining experience is focused on culinary expertise, fresh local and regional ingredients, healthy options, and a shared sense of environmental and social responsibility. Other campus auxiliary services include a campus store, computer store, and a campus/community debit card account known as marist money. Throughout all of the university's auxiliary services, an emphasis is placed on promoting sustainable practices where applicable and include, but are not limited to, educating faculty, staff, and students about the impact of their actions on the environment; identifying, establishing, and publicizing sustainability principles, goals, and best practices; providing a framework for guiding sustainable procedures, programs, and initiatives; and monitoring and reporting progress on campus sustainability initiatives. Form 990, part v, line 1a: amount reported in box 3 of form 1096marist university is reporting the number from form 1096, box 3, less the amount of forms 1098-t provided to students during the year. For 2024, there were 7,530 forms 1098-t issued.

Financial Efficiency

• Mission deployment rate: 89%; rating input score 89
• Program expense ratio: 90.6%; rating input score 91
• Fundraising efficiency: $4.12 raised per $1 spent on fundraising; rating input score 16; 16th percentile among comparable filings

Transparency & Controls

• Consistency checks: 95.2%; rating input score 95; 35th 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: 100%; rating input score 100; 77th 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: 8.2%; rating input score 68; 68th percentile among comparable filings
• Total-asset coverage ratio: 3.08; rating input score 76; 76th percentile among comparable filings
• Liabilities to assets ratio: 0.22; rating input score 65; 65th percentile among comparable filings
• Officer compensation ratio: 1.9%; rating input score 58; 58th percentile among comparable filings

Growth

• Program expense growth: 4.7% per year; rating input score 100; 37th percentile among comparable filings
• Revenue growth: 4.3% per year; rating input score 100; 36th percentile among comparable filings
• Asset growth: 6.4% per year; rating input score 100; 47th percentile among comparable filings