Stonehill College Inc
- Assets
- $511.3m
- Revenue
- $175.9m
- Investments
- $262.2m
- Employees
- 1,513
- Location
- Easton, MA
- Founding
- 02/1972
- Data as of
- 06/2022
- EIN
- 04-2104229
Organization Overview
Stonehill College Inc is located in Easton, MA. The organization was established in 1972. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2022, Stonehill College Inc employed 1,513 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stonehill College Inc 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 06/2022, Stonehill College Inc generated $175.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $161.9m during the year ending 06/2022. While expenses have increased by 2.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Stonehill College Inc has awarded 22 individual grants totaling $149,916. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
STONEHILL COLLEGE, A CATHOLIC INSTITUTION OF HIGHER LEARNING FOUNDED BY THE CONGREGATION OF THE HOLY CROSS, IS A COMMUNITY OF SCHOLARSHIP AND FAITH, ANCHORED BY A BELIEF IN THE INHERENT DIGNITY OF EACH PERSON. THROUGH ITS CURRICULUM OF LIBERAL ARTS AND SCIENCES AND PRE-PROFESSIONAL PROGRAMS, STONEHILL COLLEGE PROVIDES AN EDUCATION OF THE HIGHEST CALIBER THAT FOSTERS CRITICAL THINKING, FREE INQUIRY AND THE INTERCHANGE OF IDEAS. STONEHILL COLLEGE EDUCATES THE WHOLE PERSON SO THAT EACH STONEHILL GRADUATE THINKS, ACTS, AND LEADS WITH COURAGE TOWARD THE CREATION OF A MORE JUST AND COMPASSIONATE WORLD.
Describe the Organization's Program Activity:
STONEHILL IS A SELECTIVE CATHOLIC COLLEGE LOCATED NEAR BOSTON ON A BEAUTIFUL 384 ACRE CAMPUS IN EASTON, MASSACHUSETTS. WITH A STUDENT:FACULTY RATIO OF 11:1 THE COLLEGE ENGAGES 2,466 STUDENTS IN 100+ RIGOROUS ACADEMIC PROGRAMS IN THE LIBERAL ARTS, SCIENCES, AND PRE-PROFESSIONAL FIELDS. THE COLLEGE ALSO OFFERS MASTERS PROGRAMS IN INTEGRATED MARKETING COMMUNICATIONS AND SPECIAL EDUCATION. THE STONEHILL COMMUNITY HELPS STUDENTS TO DEVELOP THE KNOWLEDGE, SKILLS, AND CHARACTER TO MEET THEIR PROFESSIONAL GOALS AND TO LIVE LIVES OF PURPOSE AND INTEGRITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeanne M Finlayson VP For Finance & Treasurer | Officer | 35 | $271,602 |
Debrenna Agbenyiga Provost | Officer | 35 | $260,994 |
Doug Smith VP For Advancement | Officer | 35 | $209,003 |
Craig Binney Assoc. VP Of Finance | Officer | 35 | $194,164 |
Thomas V Flynn Clerk/general Counselor | Officer | 35 | $183,181 |
Pauline Dobrowski VP For Student Affairs | Officer | 35 | $179,452 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Inc Food Services | 6/29/22 | $6,354,914 |
Congregation Of Holy Cross Us Provinc Admin & Instructional Services | 6/29/22 | $1,091,952 |
Auburn Construction Construction Services | 6/29/22 | $987,235 |
Clinical Research Sequencing Platform L Lab Services | 6/29/22 | $702,825 |
Fb Enterprises Inc Food Services | 6/29/22 | $580,024 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $158,424 |
| Related organizations | $0 |
| Government grants | $6,364,112 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,106,359 |
| Noncash contributions included in lines 1a–1f | $376,538 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,628,895 |
| Total Program Service Revenue | $147,163,669 |
| Investment income | $3,771,691 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,364,625 |
| Net Income from Fundraising Events | $18,265 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $175,947,145 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $49,143 |
| Grants and other assistance to domestic individuals. | $65,253,195 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,627,610 |
| Compensation of current officers, directors, key employees. | $663,720 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $40,625,388 |
| Pension plan accruals and contributions | $1,998,816 |
| Other employee benefits | $5,965,928 |
| Payroll taxes | $3,010,335 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $266,534 |
| Fees for services: Accounting | $129,221 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $868,106 |
| Fees for services: Other | $3,596,190 |
| Advertising and promotion | $446,145 |
| Office expenses | $1,554,089 |
| Information technology | $2,179,214 |
| Royalties | $0 |
| Occupancy | $6,052,155 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,394,703 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,714,309 |
| Insurance | $886,623 |
| All other expenses | $3,996,086 |
| Total functional expenses | $161,880,575 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,798,178 |
| Savings and temporary cash investments | $70,282 |
| Pledges and grants receivable | $10,443,487 |
| Accounts receivable, net | $508,745 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $207,269 |
| Inventories for sale or use | $18,801 |
| Prepaid expenses and deferred charges | $804,114 |
| Net Land, buildings, and equipment | $172,928,898 |
| Investments—publicly traded securities | $33,033,670 |
| Investments—other securities | $262,226,144 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,238,605 |
| Total assets | $511,278,193 |
| Accounts payable and accrued expenses | $3,736,592 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $92,828,917 |
| 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 | $0 |
| Other liabilities | $11,416,788 |
| Total liabilities | $107,982,297 |
| Net assets without donor restrictions | $291,923,413 |
| Net assets with donor restrictions | $111,372,483 |
| 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 | $511,278,193 |
Grants Awarded
Over the last fiscal year, Stonehill College Inc has awarded $10,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Boston, MA PURPOSE: GENERAL SUPPORT | $5,000 |
ROMAN CATHOLIC DIOCESE PURPOSE: GENERAL SUPPORT | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Stonehill College Inc has recieved totaling $1,500.
| Awarding Organization | Amount |
|---|---|
Vera H And William R Todd Founda- Tion Co Connecticut National Bank Dallas, TX PURPOSE: EDUCATIONAL | $1,500 |
Endowment Analysis
| Beg. Balance | $307,883,077 |
| Earnings | -$5,545,278 |
| Net Contributions | $2,832,672 |
| Other Expense | $6,500,974 |
| Grants | $3,562,740 |
| Ending Balance | $295,106,757 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Berklee College Of Music Inc Boston, MA | $854,558,047 | $384,612,408 |
Ithaca College Ithaca, NY | $834,703,732 | $365,679,639 |
Trustees Of Amherst College Amherst, MA | $4,260,760,426 | $407,702,412 |
Wellesley College Wellsley, MA | $4,125,529,097 | $515,515,442 |
Touro University New York, NY | $558,489,117 | $321,976,604 |
Williams College Williamstown, MA | $5,589,417,372 | $397,351,793 |
Providence College Providence, RI | $748,292,244 | $299,300,711 |
Wesleyan University Middletown, CT | $1,706,429,000 | $326,592,000 |
Emerson College Boston, MA | $1,139,244,716 | $275,696,398 |
Colgate University Treasurers Office Hamilton, NY | $1,984,946,016 | $378,114,548 |
Trustees Of The College Of The Holy Cross Worcester, MA | $1,320,181,892 | $265,241,305 |
Babson College Babson Park, MA | $1,084,295,364 | $304,101,925 |