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Skidmore College

Saratoga Springs, NY · EIN 14-1338562 · 501(c)(3) · School
Latest filing: Form 990 for the fiscal year ending May 31, 2025 (tax year 2024) · View the filing · Correct or respond

Skidmore College reported $286.9 million in revenue and $268.2 million in expenses for the fiscal year ending May 31, 2025. Of every $100 it spent, $84.14 went to program services, $13.41 to management and general costs and $2.45 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 80.0% of the total. The highest compensation it reported for one person was $790,429 (PRESIDENT). 181 people received more than $100,000 in reportable compensation. Revenue rose 19% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending May 31, 2025 · Form 990, Part IX, line 25 · total expenses $268M

For context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending May 31, 2025 · Form 990, Part VIII · total revenue $287M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 5,499 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
84.1%84.4%
Management & general
Part IX 25(C) ÷ 25(A)
13.4%13.4%
Fundraising
Part IX 25(D) ÷ 25(A)
2.5%0.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.24$0.04
Contributions & grants share of revenue
Part VIII 1h ÷ 12
9.7%19.1%
Government grants share of revenue
Part VIII 1e ÷ 12
1.2%1.1%
Program service revenue share
Part VIII 2g ÷ 12
80.0%69.9%
Highest reported compensation
Part VII-A, columns D–F
$790,429$331,578
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
0.29%1.28%
People paid over $100,000
Part VII, line 2
1818
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
40.913.3
Independent voting board members
Part VI 1a–1b
26 of 27100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$59M expenses · 26.0% of program spending · revenue $180M

Instruction and research: includes all expenses for all activities that are a part of the college's instructional program. The college provides liberal arts education to approximately 2700 students and maintains a student to faculty ratio of approximately 8:1

$77M expenses · 34.2% of program spending · grants $77M · revenue $8,626

Student aid: includes expenses for scholarships in the form of grants to students, resulting from selection by the institution from a needs-based program. Currently, approximately 54.6% of skidmore students are receiving scholarships, grants, loans, and/or work awards which are offered singly or in various combinations

$29M expenses · 12.7% of program spending

Institutional support: includes expenses for central administrative level activities concerned with management of the entire institution. Organizational units include fiscal operations, planning and budgeting, human resources, purchasing, campus safety, information technology, etc

$61M all other programs (line 4d)

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
PRESIDENT
Director/trustee, officer, 35.00 hrs/week
$664,356$0$126,073$790,429
VP FINANCE & ADMIN, TREASURER
Officer, 35.00 hrs/week
$332,447$0$58,108$390,555
DEAN & VP FOR ACADEMIC AFFAIRS
Officer, 35.00 hrs/week
$321,969$0$35,600$357,569
VP FOR ADVANCEMENT
Officer, 35.00 hrs/week
$298,372$0$58,841$357,213
VP STRATEGIC PLAN/INST DEVELOPMENT
Officer, 35.00 hrs/week
$300,054$0$43,881$343,935
VP/DEAN STUDENT AFFAIRS
Officer, 35.00 hrs/week
$275,947$0$46,123$322,070
PROFESSOR
Former, 35.00 hrs/week
$244,727$0$47,656$292,383
VP HR/GENERAL COUNSEL
Officer, 35.00 hrs/week
$239,113$0$53,209$292,322

181 people received more than $100,000 in reportable compensation from Skidmore College (Part VII, line 2). Compensation of current officers, directors and key employees totaled $3.0M (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$100M$200M$300M$400MFY2020FY2021FY2022FY2023FY2024FY2025$287M$268M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$287M$268M84.1%$915M$790,429
FY2024 ⓘ$293M$263M83.8%$878M$705,100
FY2023 ⓘ$269M$247M84.0%$796M$696,037
FY2022 ⓘ$269M$229M83.6%$801M$655,004
FY2021 ⓘ$226M$207M83.4%$826M$579,671
FY2020 ⓘ$241M$214M83.4%$653M$606,886

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b27 · 26 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bYes
  • Employees Part I, line 53,195
  • Volunteers Part I, line 61,327

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
CONSIGLI CONSTRUCTION CO INC
Construction services
$15,722,596
DIS
Ocse/study abroad
$15,722,596
WJ MORRIS EXCAVATING
Excavating services
$3,580,717
MLB CONSTRUCTION
Construction management
$2,605,630
SODEXO OPERATIONS
Project management
$1,814,029

Individuals listed as contractors are left out. 52 contractors were paid more than $100,000 in all.

Private foundation grants it received

116 private foundations reported grants to Skidmore College totaling $4.0M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Skidmore College's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Skidmore College, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All education charities · Largest charities in New York

Questions people ask

How much of Skidmore College's spending goes to programs?

In the fiscal year ending May 31, 2025, Skidmore College reported that 84.1% of its $268.2 million in expenses went to program services, 13.4% to management and general and 2.5% to fundraising (Form 990, Part IX).

How much does Skidmore College pay its top executive?

The largest total compensation Skidmore College reported for one person in the fiscal year ending May 31, 2025 was $790,429, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Skidmore College get its money?

Of $286.9 million in revenue in the fiscal year ending May 31, 2025, 9.7% came from contributions and grants (including 1.2% from government grants) and 80.0% from program service revenue (Form 990, Part VIII).

Is Skidmore College a registered charity?

The IRS lists EIN 14-1338562 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending May 31, 2025, object 202630789349301213 · read the filing · XML
  • FY2024: Form 990 for the fiscal year ending May 31, 2024, object 202530919349300118 · read the filing
  • FY2023: Form 990 for the fiscal year ending May 31, 2023, object 202421069349301512 · read the filing
  • FY2022: Form 990 for the fiscal year ending May 31, 2022, object 202341019349300914 · read the filing
  • FY2021: Form 990 for the fiscal year ending May 31, 2021, object 202221089349300817 · read the filing
  • FY2020: Form 990 for the fiscal year ending May 31, 2020, object 202121059349300347 · read the filing

All filings for EIN 14-1338562: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.