Skidmore College

Nonprofit profile at a glance

EIN
141338562
IRS 990 coverage
2009–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Saratoga Springs, NY, USA
Phone
5185805000
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Undergraduate College (4-year)

Official website

Reported finances

Revenue
$286,946,076
Expenses
$268,157,886
Assets
$1,073,469,922
Liabilities
$158,799,736

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

Leadership & pay

49 people listed

Executive titles in this filing

  • MARC CONNER (PRESIDENT)

Highest reported compensation

  • MARC CONNER (PRESIDENT): $790,429 total reported compensation
  • DANIEL KONSTALID (VP FINANCE & ADMIN, TREASURER): $390,555 total reported compensation
  • DOROTHY KNIGHT-MOSBY (DEAN & VP FOR ACADEMIC AFFAIRS): $357,569 total reported compensation

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

Overview

Mission

The education of predominantly full-time undergraduates, a diverse population of talented students who are eager to engage actively in the learning process. The college seeks to prepare liberally educated graduates to continue their quest for knowledge and to make the choices required of informed, responsible citizens. Skidmore faculty and staff create a challenging yet supportive environment that cultivates students' intellectual and personal excellence, encouraging them to expand their expectations of themselves while they enrich their academic understanding.

What it reported doing in 2024

Higher education: other: includes student services, academic support and other auxiliary enterprises. Student services includes expenses for organizational units that provide support to students. These units include health services, counseling center, athletics, interfaith programs, etc. Academic support includes all expenses for all activities that are part of the college's academic mission. Auxiliary enterprises includes expenses for organizational units that exist to furnish goods or services to students, faculty and staff, and that charge a fee directly related to the cost of the goods or services. Facilities include twelve dorms and apartment complexes providing housing to approximately 2220 students, two dining halls, a bookstore, snack bar, child center, and telephone services.

Operating model

Revenue model
Earned-program. 87% of the money available for current operations came from fees and other program revenue.
Distribution model
Hybrid. The nonprofit split its reported program spending across 66% for direct work, and 34% 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: 80
  • Accountability: 98
  • Sustainability: 69
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 83.6%; rating input score 84
  • Program expense ratio: 84.1%; rating input score 84
  • Fundraising efficiency: $4.23 raised per $1 spent on fundraising; rating input score 17; 17th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 6 of 6 controls in place; rating input score 100
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Pass
    • 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; 50th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 96.3%; rating input score 96; 51st 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: 6.5%; rating input score 62; 62nd percentile among comparable filings
  • Total-asset coverage ratio: 4; rating input score 82; 82nd percentile among comparable filings
  • Liabilities to assets ratio: 0.15; rating input score 76; 76th percentile among comparable filings
  • Officer compensation ratio: 2.1%; rating input score 54; 54th percentile among comparable filings

Growth

  • Program expense growth: 3.5% per year; rating input score 100; 26th percentile among comparable filings
  • Revenue growth: 3.3% per year; rating input score 100; 25th percentile among comparable filings
  • Asset growth: 4.4% per year; rating input score 100; 31st percentile among comparable filings

Details

  • Where the money goes: 83.6% of revenue deployed · 84.1% of spending went to programs
  • Governance: 26 of 27 board members independent · 9 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $225.6M in reported program spending
  • Leadership: top reported pay $790K · 49 people listed · 6 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $39.4M reported
  • Consistency: 37 of 37 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: 21 filed money-flow records
  • Related organizations: 2 filed related-organization links
  • 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 — Transparency & Controls: Foreign activity oversight scored 0/100.
  • High — Financial Efficiency: Fundraising efficiency scored 17/100.
  • Review — Sustainability: Officer compensation ratio scored 54/100.