Trustees Of St Josephs College
- Assets
- $70.7m
- Revenue
- $58.4m
- Investments
- $0.0
- Employees
- 1,071
- Location
- Standish, ME
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 01-0212542
Organization Overview
Trustees Of St Josephs College is located in Standish, ME. The organization was established in 1946. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2021, Trustees Of St Josephs College employed 1,071 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Trustees Of St Josephs College is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Trustees Of St Josephs College generated $58.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $51.9m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
HIGHER EDUCATION INSTITUTION OFFERING LIBERAL ARTS EDUCATION ON A FULL AND PART TIME BASIS TO MALE AND FEMALE STUDENTS. THE INSTITUTION ALSO OFFERS AN ON-LINE EDUCATION PROGRAM FOR BACHELORS AND MASTERS DEGREES THROUGH HOME STUDY.
Describe the Organization's Program Activity:
HIGHER EDUCATION INSTITUTE OFFERING SMALL CLASSES WITH AN UP-CLOSE AND PERSONAL LEARNING ENVIRONMENT.- MORE THAN 40 MAJORS, MINORS, AND PARTNERSHIP PROGRAMS- CLASSES OF JUST SIX STUDENTS ARE NOT UNUSUAL- AVERAGE CLASS SIZE OF 17 STUDENTS- STUDENT FACULTY RATIO 14:1- FIRST-YEAR STUDENTS MEET WITH A FACULTY MENTOR- PROFESSORS WILL GET TO KNOW YOU AND INSPIRE YOU
ON-LINE EDUCATION, OFFERED THROUGH THE DIVISION OF GRADUATE & PROFESSIONAL STUDIES INCLUDES: -MASTER'S DEGREES-BACHELOR'S DEGREES-ASSOCIATE DEGREES-CERTIFICATE PROGRAMS-CONTINUING EDUCATION COURSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr James S Dlugos President | OfficerTrustee | 50 | $318,929 |
Anthony Mcguire Past Chair Nursing Dept/np Prog. Dir. | 50 | $167,939 | |
Frank Robert Wilson VP & Chief Bus. & Fin. Officer | Officer | 50 | $166,154 |
Joanne Bean VP & Chief Advancement Officer | Officer | 50 | $160,364 |
Michael Pardales VP & Chief Learning Officer | Officer | 50 | $152,968 |
Matthew Goodwin Past Assoc. Vp/chief Stud. Aff. Officer | 50 | $125,304 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Google Inc Advertising | 6/29/21 | $348,037 |
Collegis Llc Advertising | 6/29/21 | $317,994 |
Eab Global Inc Advertising | 6/29/21 | $265,658 |
Pro Av Systems Inc Building Maintenance | 6/29/21 | $253,035 |
Creative Equity Building Maintenance | 6/29/21 | $265,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $18,500 |
| Related organizations | $0 |
| Government grants | $4,322,636 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,138,697 |
| Noncash contributions included in lines 1a–1f | $43,098 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,479,833 |
| Total Program Service Revenue | $49,751,264 |
| Investment income | $267,883 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,856,419 |
| Net Income from Fundraising Events | $3,414 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $58,358,813 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $18,900,549 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,038,120 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,501,988 |
| Pension plan accruals and contributions | $140,650 |
| Other employee benefits | $2,292,521 |
| Payroll taxes | $1,140,181 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $49,441 |
| Fees for services: Accounting | $84,801 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $84,094 |
| Fees for services: Other | $1,295,781 |
| Advertising and promotion | $1,086,427 |
| Office expenses | $524,207 |
| Information technology | $891,424 |
| Royalties | $0 |
| Occupancy | $1,124,488 |
| Travel | $125,807 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $847,263 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,642,178 |
| Insurance | $339,397 |
| All other expenses | $0 |
| Total functional expenses | $51,925,058 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,220 |
| Savings and temporary cash investments | $4,927,751 |
| Pledges and grants receivable | $40,202 |
| Accounts receivable, net | $471,459 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,236,751 |
| Inventories for sale or use | $56,599 |
| Prepaid expenses and deferred charges | $1,899,090 |
| Net Land, buildings, and equipment | $41,529,750 |
| Investments—publicly traded securities | $18,502,834 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,037,791 |
| Total assets | $70,736,447 |
| Accounts payable and accrued expenses | $2,572,210 |
| Grants payable | $0 |
| Deferred revenue | $1,796,672 |
| Tax-exempt bond liabilities | $14,976,677 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $150,822 |
| Other liabilities | $1,024,394 |
| Total liabilities | $20,520,775 |
| Net assets without donor restrictions | $31,806,146 |
| Net assets with donor restrictions | $18,409,526 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $70,736,447 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Trustees Of St Josephs College has recieved totaling $265,850.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $250,000 |
Maine Space Grant Consortium Augusta, ME PURPOSE: Education Grant | $9,000 |
Martins Point Health Care Inc Portland, ME PURPOSE: General support | $6,500 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $200 |
Arthur J Gallagher Foundation Rolling Meadows, IL PURPOSE: GENERAL EXEMPT PURPOSE | $150 |
Endowment Analysis
| Beg. Balance | $14,862,933 |
| Earnings | $4,061,487 |
| Net Contributions | $137,430 |
| Other Expense | $211,289 |
| Grants | $347,727 |
| Ending Balance | $18,502,834 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trustees Of St Josephs College Standish, ME | $70,736,447 | $58,358,813 |
Rivier University Nashua, NH | $135,744,912 | $55,240,683 |
Foundation Of The University At Presque Isle Presque Isle, ME | $7,568,676 | $188,672 |
Sky Haven Flying Club Inc Dover, NH | $93,814 | $0 |
Trustees Of Dartmouth College Hanover, NH | $123,817 | $0 |
Trustees Of Dartmouth College Hanover, NH | $121,207 | $0 |
York County Community College Foundation Wells, ME | $1,647,536 | $117,673 |
Trustees Of Dartmouth College Hanover, NH | $100,252 | $0 |
Trustees Of Dartmouth College Hanover, NH | $34,064 | $0 |