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research dossier

EXCELSIOR UNIVERSITY

Albany, NY · EIN 161532850 · Form 990 · FY2024 · NTEE B42Z · Education · Very Large (>$50M) · excelsior.edu
revenue
$86.8M
expenses
$82.0M
net assets
$64.9M
employees
921
volunteers
15
program ratio
54%
mission · from form 990

Excelsior University provides educational opportunity to adult learners with an emphasis on those historically underrepresented in higher education. The University meets students where they are - academically and geographically, offering quality instruction and the assessment of prior learning.

profile · synthesized from sources

Excelsior University is a private, accredited institution focused on providing higher education opportunities to adult learners, with an emphasis on those historically underrepresented in academia. It offers online and hybrid degree programs across disciplines including nursing, cybersecurity, and engineering technology. The university serves students nationwide, with in-person learning centers in locations such as St. Petersburg, Florida.

irs program accomplishments · form 990 part iii · fy2024

What they reported doing

  1. #1 primary $17.35M
    Enrollment in higher education. During this period, 6,031 new students enrolled in the University while there were 9,536 actively enrolled students as of 6/30/25. 3,765 degrees were awarded from July 1, 2024 through June 30, 2025.
named programs · 4 · from sources

What they call their work

BS in Cybersecurity
Hybrid undergraduate program combining online coursework with hands-on labs, designated as a Center of Academic Excellence in Cyber Defense by the NSA and DHS.
BS in Electrical Engineering Technology
ABET-accredited hybrid program offering online courses and in-person labs in circuits, electronics, semiconductors, and microprocessors.
BS in Nursing
Hybrid nursing program combining online coursework with skills labs, simulations, and supervised clinicals to prepare students for the NCLEX-RN.
MS in Cybersecurity
Online graduate program with project-based learning and advanced labs preparing students for senior-level cybersecurity roles.
activities · 8 groups

What they do

  • Higher Education Degree Programs 2 activities
    • Deliver flexible online and hybrid degree programs
      Offers online degree and certificate programs across six disciplines—business, health care, liberal arts, nursing, technology—with courses starting every eight weeks; includes hybrid programs in nursing and technology featuring online coursework combined with in-person labs and clinical experiences in St. Petersburg, Florida. Programs include ABET-accredited degrees in Electrical Engineering Technology, Nuclear Engineering Technology, and Information Technology, as well as a National Center of Academic Excellence-designated Bachelor of Science in Cybersecurity and a Master of Science in Cybersecurity.
    • Enroll students and confer degrees
      Enrolls over 10,000 undergraduate and more than 1,200 graduate students annually, with consistent new student enrollment between 5,000 and 7,000 per year and degree conferral averaging over 4,000 annually between 2022 and 2025; maintains high course completion rates of 92% for undergraduates and 95% for graduates.
  • Professional Certification in Healthcare 1 activity
    • Administer credit-by-examination programs
      Delivers college credit through performance-based examinations in nursing and other disciplines, administering thousands of credit-bearing exams annually and awarding tens of thousands of credits to students.
  • Academic Research Dissemination 1 activity
    • Conduct and support scholarly research
      Establishes and maintains an Institutional Review Board (IRB) to oversee human subjects research, reviewing proposals from faculty, staff, students, and alumni; publishes research in academic journals and professional magazines on topics including predictive analytics for student success, AI in institutional decision-making, and leadership theory.
  • Professional Certification and Continuing Education 1 activity
    • Offer workforce training and noncredit professional development
      Provides online noncredit courses, practical leadership programs, and multicourse, instructor-moderated training series through ed2go to help individuals and organizations build job-ready skills and develop leadership pipelines.
  • Alumni and School Community Newsletters 1 activity
    • Produce and disseminate institutional publications
      publishes a magazine twice a year for its community, contributing to alumni engagement and institutional communication.
  • Educator Conferences & Professional Development Events 1 activity
    • Support research capacity and professional development
      Provides guidance and professional support to the university’s research community and co-presents at national conferences on topics such as faculty author education, resilience, and learning from failure.
  • Financial Aid and Scholarship Access Programs 1 activity
    • Support student access through scholarships and financial opportunities
      Provides more than 50 distinct scholarship opportunities to help students fund their education, supporting nontraditional learners and those underrepresented in higher education.
  • Uncategorized 4 activities
    • Advance social justice and diversity initiatives
      Operates the Center for Social Justice to promote equity and inclusion, cultivate a multicultural environment, and provide direct community support through the Chief Diversity Officer and founding director of the Center.
    • Author and publish scholarly books and resources
      Authored and co-authored books including "Foundations of Assessment: From Theory to Practice" and "Systemic Leadership: Leading Effectively by Leveraging Our Collective Intelligence," and contributed chapters to edited volumes such as "Workplace Leadership," to advance knowledge in higher education and leadership practice.
    • Develop and disseminate ethics education resources
      Created EthicsHub as a centralized platform for ethics-related information and education as part of the Ethics at Excelsior initiative.
    • Provide academic and credentialing services
      Processes transcript requests for a $20 fee within five business days, verifies authenticity of official documents with 24-hour turnaround, posts final grades promptly after term end, mails physical diplomas within two weeks domestically or up to eight weeks internationally, and issues complimentary certified electronic diplomas with fraud-proof validation to alumni graduating August 2022 or later.
financials · form 990 · fy2024
revenue
Total revenue$86.84M
Contributions & grants$687K1%
Program service revenue$83.36M96%
Investment income$2.37M3%
Other revenue$425K
expenses
Total expenses$82.03M
Program expenses54%
Admin / overhead45%
Fundraising1%
Salaries & benefits$51.66M
Grants paid out$1.18M
Largest expense lineCompensation
balance sheet
Total assets$78.19M
Cash$20.41M
Investments$32.59M
Liabilities$13.25M
Net assets$64.95M
Liquid reserves7.8 mo
6 years on record · 2019–2024 · YoY revenue +4.7%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 17
NameTitleHours/wkCompensation
David Schejbal President & Chief Executive Officer 38 $673K
Christopher Cassirer Provost 38 $398K
Lorraine Williams Chief of Staff until 5/30/2025 38 $311K
Mark Howe VP of Human Resources 38 $311K
Francisco Azuola CIO 38 $310K
Richard Hannmann Vice President for Finance and CFO 38 $299K
Raul Nestor Galarza Vice President of enrollment management and marketing 38 $284K
Robin Goodrich Executive Dean, CNHS 38 $281K
Priyo Chatterjee AVP & CAO 38 $252K
Stephanie Poczos Vice Provost, Academic Operations & Quality 38 $247K
Scott Dolan Executive Dean, CLAS 38 $231K
Daniel Pascoe Aguilar Founding Director CSJ/CDO 38 $229K
Adam Sellhorst Executive Director for Strategic Partnerships 38 $204K
Eduardo Narvaez Boersner Deputy CIO Enterprise Systems 38 $202K
Jamie Furgang AVP - Dev&Alumni Affairs 38 $201K
Tammy Zybell Dean of School of Nursing until 3/21/2025 38 $200K
Michael DiSiena Former General Counsel (Until 6/22/2024) 38 $124K
board members · 6
  • Clar Rosso — Board Member
  • Dan Greenstein — Board Member until 4/21/2025
  • David Baime — Board Member
  • David Wilson — Board Member
  • Earl Buford — Board Member
  • Jennifer Gentry — Board Member until 3/11/2025
relationships · 25

Who they work with

  • ABET Partner — Accredits engineering and computing technology programs at Excelsior University.
  • Accreditation Commission for Education in Nursing Partner — Accredits multiple nursing programs at Excelsior University.
  • Blackbaud Partner — Co-presented at Blackbaud's annual customer conference, bbcon, on workplace resilience and learning from failure.
  • Center for Social Justice Partner — Internal center leading social justice, diversity, and inclusion initiatives at Excelsior University.
  • Commission for Independent Education, Florida Department of Education Government — Licensed by the Commission for Independent Education under License No. 12928.
  • Department of Homeland Security Government — Coinvested with the National Security Agency in designating Excelsior University as a National Center of Academic Excellence in Cyber Defense Education.
  • Fast Facts 2024–2025 Network — Publication documenting institutional statistics and operational focus
  • Forbes.com Network — Recognized for top online engineering and health science degree programs in 2023 by Forbes.com.
  • HHS Government — Source of federal regulations and foundational training for human research protection referenced in IRB resources.
  • Intelligent.com Network — Recognized as Best for Adult Learners and among the best online colleges by Intelligent.com in 2023 and 2024.
  • Lake Forest Center for Leadership Partner — Collaborates with Excelsior to deliver employer-focused continuing education and executive coaching programs.
  • Lake Forest Center for Leadership Partner — Joined Excelsior University, expanding its leadership development offerings.
  • Middle States Commission on Higher Education Network — Accrediting body for institutional accreditation of Excelsior University.
  • MilitaryTimes.com Network — Recognized as Best For Vets College by MilitaryTimes.com.
  • Militaryfriendly.com Network — Military Friendly® School designation holder recognized by Militaryfriendly.com.
  • Money Network — Listed among Money’s Best Online Colleges in America 2024.
  • National Security Agency Government — Designated Excelsior University as a National Center of Academic Excellence in Cyber Defense Education.
  • New York State Board of Regents Government — Founded the institution in 1971 as the Regents External Degree Program and granted it an independent charter in 1998.
  • New York State Board of Regents Government — Provides programmatic accreditation for associate-level nursing programs at Excelsior University.
  • New York State Education Department Government — Approved Excelsior University's academic programs and granted approval for its first doctoral program.
  • Newsweek Network — Recipient of America’s Top Online Colleges Five Star Rating 2023 from Newsweek.
  • Open Educational Network Partner — Co-presented at the OEN Engage Conference on a faculty author education program.
  • Parchment Partner — Partner used for transcript request processing.
  • Paul Smith’s College Partner — Collaborated on a hybrid course offering in summer 2025.
  • ed2go Partner — Provides the platform for instructor-moderated, multicourse series used in cohort-based organizational training programs.
strategies · 5

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Barrier Reduction as a Pathway to Equity
    methodology: barrier-reduction-for-equity
    By identifying and lowering systemic barriers to education, we advance equity and inclusion, because equitable access enables historically underrepresented students to succeed academically and professionally.
  • Flexible, Online-First Model for Nontraditional Students
    methodology: online_first_instruction
    By delivering education primarily online and designing programs around the life circumstances of working adults, we increase access and persistence, because it removes geographic and scheduling barriers for learners disconnected from traditional systems.
  • Prior Learning Assessment for Adult Learners
    methodology: prior_learning_assessment
    By assessing and awarding credit for experiential and non-traditional learning, we increase educational access and success for adult learners, because it reduces time to degree and validates real-world knowledge, especially for those underrepresented in higher education.
  • Stackable Credentials for Career-Long Learning
    methodology: stackable_credentials_pathway
    By enabling learners to transition from noncredit training into degree programs using transfer credits and prior learning recognition, we support lifelong advancement, because it creates continuous, responsive pathways aligned with evolving workforce needs.
  • Student-Centered Belonging Through Recognition of Uniqueness
    methodology: student-centered_belonging
    By intentionally celebrating and supporting student uniqueness, we foster a sense of belonging that enhances engagement and retention, because feeling seen and valued strengthens academic identity and persistence among nontraditional learners.