Russell Sage College
Russell Sage College maintains stable finances with consistent revenue exceeding expenses and growing assets.
EIN: 141338488 · Troy, NY · NTEE: B420 · Updated: 2026-03-28
Is Russell Sage College Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Russell Sage College directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Russell Sage College
Russell Sage College (EIN: 141338488) is a nonprofit organization based in Troy, NY, classified under NTEE code B420. The organization reported total revenue of $112.0M and total assets of $123.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Russell Sage College's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Russell Sage College with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Russell Sage College allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation, which is highly unusual for an organization of this size with revenues exceeding $70 million annually. This either indicates that executive compensation is not being reported in the standard 'officer compensation' section or that executives are compensated through other means, or that the college operates with an exceptionally low executive pay structure.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Russell Sage College's IRS 990 filings:
- Unusually low or absent reported officer compensation, which may obscure actual executive pay structures.
Strengths
The following positive indicators were identified for Russell Sage College:
- Consistent revenue generation exceeding expenses, indicating financial stability (e.g., $71,697,720 revenue vs. $71,222,188 expenses in 202306).
- Growing asset base, with assets increasing from $94,245,986 in 201406 to $123,661,185 currently.
- Strong history of IRS 990 filings (13 filings), demonstrating a commitment to transparency.
- Positive net income in most recent periods, contributing to reserves and financial resilience.
Frequently Asked Questions about Russell Sage College
Is Russell Sage College a legitimate charity?
Based on AI analysis of IRS 990 filings, Russell Sage College (EIN: 141338488) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Russell Sage College spend its money?
Russell Sage College directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Russell Sage College tax-deductible?
Russell Sage College is registered as a tax-exempt nonprofit (EIN: 141338488). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Russell Sage College manage to report 0% officer compensation across all filings?
The consistent reporting of 0% officer compensation in the provided data is highly unusual for an institution of Russell Sage College's size and revenue. This could indicate that executive compensation is reported under different expense categories, such as salaries and wages for all employees, or that the college's leadership is compensated through non-traditional means not captured in this specific line item on the 990 summary. Further investigation into the full 990 forms would be needed to understand the complete compensation structure.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided summary data does not offer a detailed breakdown of program, administrative, and fundraising expenses. To understand the specific allocation of funds, one would need to review the functional expense statements within the full IRS 990 filings for each period. This information is crucial for a comprehensive assessment of spending efficiency.
What is the primary source of Russell Sage College's revenue?
While the summary data provides total revenue figures, it does not specify the primary sources (e.g., tuition, grants, donations, investments). Given its NTEE code (B420 - Colleges, Universities, Professional Schools), it is highly probable that tuition and fees constitute a significant portion of its revenue, supplemented by other sources typical for educational institutions.
How do the liabilities impact the college's long-term financial stability?
Liabilities have fluctuated, reaching $20,207,332 in 202306. While they represent a notable portion of assets, the college's consistent revenue generation and asset growth suggest that these liabilities are manageable. The ratio of liabilities to assets (e.g., $20M liabilities vs. $99M assets in 202306) indicates a healthy balance sheet, but the nature and terms of these liabilities would require a deeper dive into the full financial statements.
Filing History
IRS 990 filing history for Russell Sage College showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Russell Sage College's revenue has declined by 1.2%, moving from $72.5M to $71.7M. Total assets increased by 16.4% over the same period, from $85.6M to $99.6M. Total functional expenses rose by 7%, from $66.6M to $71.2M. In its most recent filing year (2023), Russell Sage College reported a surplus of $476K, with revenue exceeding expenses. The organization holds $20.2M in liabilities against $99.6M in assets (debt-to-asset ratio: 20.3%), resulting in net assets of $79.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $71.7M | $71.2M | $99.6M | $20.2M | — | View 990 |
| 2022 | $74.4M | $71.9M | $100.7M | $23.9M | — | View 990 |
| 2021 | $71.2M | $67.0M | $105.0M | $24.4M | — | View 990 |
| 2020 | $70.2M | $66.2M | $93.6M | $26.0M | — | View 990 |
| 2019 | $74.6M | $68.1M | $95.4M | $31.3M | — | View 990 |
| 2018 | $66.0M | $67.0M | $94.2M | $36.7M | — | View 990 |
| 2017 | $68.3M | $72.9M | $96.3M | $38.7M | — | View 990 |
| 2016 | $74.0M | $74.5M | $94.6M | $34.8M | — | View 990 |
| 2015 | $76.4M | $73.6M | $96.6M | $34.6M | — | View 990 |
| 2014 | $72.2M | $73.7M | $94.2M | $34.8M | — | View 990 |
| 2013 | $73.8M | $73.8M | $95.0M | $36.8M | — | View 990 |
| 2012 | $80.0M | $71.0M | $93.9M | $37.0M | — | View 990 |
| 2011 | $72.5M | $66.6M | $85.6M | $37.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $71.7M, expenses of $71.2M, and assets of $99.6M (revenue -3.7% year-over-year).
- 2022: Revenue of $74.4M, expenses of $71.9M, and assets of $100.7M (revenue +4.5% year-over-year).
- 2021: Revenue of $71.2M, expenses of $67.0M, and assets of $105.0M (revenue +1.5% year-over-year).
- 2020: Revenue of $70.2M, expenses of $66.2M, and assets of $93.6M (revenue -5.9% year-over-year).
- 2019: Revenue of $74.6M, expenses of $68.1M, and assets of $95.4M (revenue +13.1% year-over-year).
- 2018: Revenue of $66.0M, expenses of $67.0M, and assets of $94.2M (revenue -3.4% year-over-year).
- 2017: Revenue of $68.3M, expenses of $72.9M, and assets of $96.3M (revenue -7.7% year-over-year).
- 2016: Revenue of $74.0M, expenses of $74.5M, and assets of $94.6M (revenue -3.1% year-over-year).
- 2015: Revenue of $76.4M, expenses of $73.6M, and assets of $96.6M (revenue +5.8% year-over-year).
- 2014: Revenue of $72.2M, expenses of $73.7M, and assets of $94.2M (revenue -2.2% year-over-year).
- 2013: Revenue of $73.8M, expenses of $73.8M, and assets of $95.0M (revenue -7.7% year-over-year).
- 2012: Revenue of $80.0M, expenses of $71.0M, and assets of $93.9M (revenue +10.2% year-over-year).
- 2011: Revenue of $72.5M, expenses of $66.6M, and assets of $85.6M.
Data Sources and Methodology
This transparency report for Russell Sage College is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.