Overview
What is Merrimack College?
Merrimack College is a comprehensive, Catholic Augustinian institution of higher education based in North Andover, Massachusetts. With a vibrant community of over 5,000 undergraduate and graduate students, the college offers a diverse range of undergraduate and graduate degrees in the liberal arts, business, science and engineering, nursing and health sciences, and education programs. Employing a staff of 2,183 individuals, Merrimack College is dedicated to providing rigorous academic programs that cater to students' needs and foster their personal growth.
Official website here: www.merrimack.edu
What are the reviews and ratings of this charity?
Charity Navigator rating: 100%, Four-Star out of Four Star rating.
Merrimack College has achieved an impressive score of 100% on Charity Navigator, reflecting its strong performance in accountability and finance. The organization has a well-structured board, with 96% independent members and a total of 25 independent members, showcasing a commitment to governance and oversight.
The financial health of the college is robust, with a program expense ratio of 91.92%, indicating that the majority of its expenditures go directly toward its programs. Additionally, the presence of comprehensive policies, such as conflict of interest and whistleblower protection, adds to the college's transparency and accountability.
Overall, Merrimack College's governance practices and financial management have earned it a high rating from Charity Navigator, reinforcing its credibility as a nonprofit institution. No significant limitations were noted, underscoring the effectiveness of its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Merrimack College legitimate?
Merrimack College is a legitimate nonprofit organization registered as a 501(c)(3) entity. Merrimack College submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $4,423,666
Professional Fundraising Fees: $0
Other Salaries and Wages: $57,017,744
For more financial information, click here
Official website here: www.merrimack.edu
What is the mission statement of Merrimack College?
Merrimack College is a comprehensive, Catholic Augustinian institution of higher education. It provides rigorous undergraduate, professional, and graduate programs for students. The college offers degrees in the liberal arts, business, science and engineering, nursing and health sciences, and education programs. With a community of over 4,000 undergraduate students and over 1,000 graduate students, Merrimack College strives to deliver a well-rounded education that prepares students for various careers and further studies. The institution's mission encompasses academic excellence and a strong commitment to its Catholic and Augustinian heritage.
Official website here: www.merrimack.edu
Who is the CEO of Merrimack College?
Christopher E Hopey is the Principal Officer of Merrimack College.
Official website here: www.merrimack.edu
What is the revenue of Merrimack College?
Merrimack College's revenue in 2022 was $276,620,541.
Official website here: www.merrimack.edu
Who are the executives of Merrimack College and what are their salaries?
The average compensation at Merrimack College during 2022 was $28,145. There are 2183 employees and 100 volunteers at Merrimack College.
Here are 34 key members and their salaries:
- Compensation: $1,000,021
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- Other: $177,466
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- Compensation: $519,646
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- Other: $81,229
- Compensation: $286,054
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- Other: $30,276
- Compensation: $276,935
- Related: $0
- Other: $53,263
- Compensation: $308,339
- Related: $0
- Other: $56,320
- Compensation: $289,636
- Related: $0
- Other: $57,265
- Compensation: $283,947
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- Other: $47,524
- Compensation: $275,151
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- Other: $65,064
- Compensation: $272,121
- Related: $0
- Other: $51,179
Official website here: www.merrimack.edu
Where can I find the form 990 for Merrimack College?
Merrimack College's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.merrimack.edu
Learn more at the official website: www.merrimack.edu
Mission Statement of Merrimack College
Merrimack College, a comprehensive Catholic Augustinian institution of higher education, is committed to providing rigorous undergraduate, professional, and graduate programs for students. The mission of Merrimack College goes beyond just offering education; it aims to inspire students to reach their full potential in a supportive and inclusive community.
Capitalizing on its Catholic Augustinian heritage, Merrimack College offers a vibrant academic environment, fostering intellectual curiosity and spiritual growth. The institution's diverse curriculum includes liberal arts, business, science and engineering, nursing and health sciences, and education programs. With a thriving student body of over 4,000 undergraduates and over 1,000 graduate students, Merrimack College creates a richly diverse and dynamic learning environment.
Merrimack College's academic offerings are designed to challenge students and prepare them for successful careers and meaningful lives. The college's dedicated faculty members bring real-world experience and a passion for teaching into the classroom, ensuring that students receive a well-rounded education. The institution's commitment to academic excellence extends beyond the traditional classroom setting, as students have access to cutting-edge research opportunities, internships, and study abroad programs.
At the heart of Merrimack College's mission is the belief that education should transform individuals and make a positive impact on the world. The institution fosters a strong sense of community, encouraging students to collaborate, engage in critical dialogue, and explore new ideas. Through its rigorous academic programs and supportive community, Merrimack College empowers students to develop the skills and knowledge they need to make a difference in their chosen fields and in the world.
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Impact
October, 2024
Merrimack College makes a significant impact by providing a comprehensive educational experience rooted in Catholic Augustinian values. Its rigorous undergraduate and graduate programs span a variety of disciplines, including liberal arts, business, science and engineering, nursing and health sciences, and education. With a vibrant community of over 4,000 undergraduates and 1,000 graduate students, the college fosters personal growth, academic excellence, and social responsibility.
Located in North Andover, Massachusetts, Merrimack College offers an environment that emphasizes a commitment to intellectual inquiry and ethical leadership. This diverse academic landscape not only prepares students for successful careers but also encourages them to engage meaningfully with their communities, thus contributing positively to society.
This information is meant to be a general summary of Merrimack College. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $4,065,677
- Program Service Revenue: $249,497,976
- Gross Receipts: $310,734,493
Assets and Liabilities:
- Total Assets: $336,077,023
- Total Liabilities: $166,283,806
- Net Assets: $169,793,217
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION AND FEES
Revenue
$205,164,508
ROOM AND BOARD
Revenue
$44,333,468
Organization Details
Founding Year
1947
Phone
(978) 837-5000Principal Officer
Christopher E Hopey
Main Address
315 TURNPIKE STREET, NORTH ANDOVER, MA, 01845
Website
www.merrimack.eduNTEE Category
Code: B420 - Education
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