Emmanuel College
- Assets
- $475.1m
- Revenue
- $117.2m
- Investments
- $0.0
- Employees
- 1,324
- Location
- Boston, MA
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 04-2105769
Organization Overview
Emmanuel College is located in Boston, MA. 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, Emmanuel College employed 1,324 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Emmanuel 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, Emmanuel College generated $117.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $101.3m during the year ending 06/2021. While expenses have increased by 1.6% per year over the past 6 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 2017, Emmanuel College has awarded 26 individual grants totaling $1,036,900. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
EMMANUEL COLLEGE IS A COED, RESIDENTIAL CATHOLIC LIBERAL ARTS AND SCIENCES COLLEGE WITH OVER 1,946 UNDERGRADUATE AND GRADUATE STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTIONAL EXPENSES FOR OVER 1,946 STUDENTS INCLUDING SCHOLARSHIPS, FULL-TIME AND PART-TIME FACULTY SALARIES AND BENEFITS, LAB SUPPLIES, EDUCATIONAL REFERENCE MATERIALS, SPEAKERS AND STUDENT EMPLOYMENT.
ACADEMIC SUPPORT AND STUDENT SERVICES FOR OVER 1,946 STUDENTS INCLUDING EXPENSES FOR ACADEMIC ADVISING, ACADEMIC RESOURCE CENTER, DISABILITY SERVICES, INTERNSHIPS AND CAREER SERVICES, STUDENT ACTIVITIES, STUDENT CLUBS, COUNSELING, HEALTH SERVICES, CAMPUS MINISTRY, ATHLETICS AND OPERATION OF THE COLLEGE'S LIBRARY CONTAINING OVER 237,501 TITLES IN THE ELECTRONIC, CIRCULATING AND REFERENCE COLLECTIONS; MORE THAN 129,794 ACTIVE JOURNAL SUBSCRIPTIONS IN PRINTING AND 63,486 PRINT VOLUMES.
DUE TO THE COVID PANDEMIC, DURING THE FALL SEMESTER, THE COLLEGE RESIDENCE HALLS WERE CLOSED AND NO STUDENTS LIVED ON CAMPUS. DURING THE SPRING SEMESTER, APPROXIMATELY 700 STUDENTS RESIDED ON-CAMPUS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Josef Kurtz VP Of Academic Affairs | 40 | $224,320 | |
Sandra Robbins Dean Of Enrollment | 40 | $196,051 | |
Patricia Tower Associate Treasurer | 40 | $193,880 | |
Sean Philpott VP Of Info Resource & Plan | 40 | $185,650 | |
Kristen Conroy VP Of Alumni Relations | 40 | $171,421 | |
Sister Anne Mary Donovan Snd VP Of Finance/treasurer (cfo) | OfficerTrustee | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Harvard Maintenance Llc Cleaning Services | 6/29/21 | $1,165,583 |
Sisters Of Notre Dame Admin & Instruction | 6/29/21 | $794,164 |
Fl Putnam Investments Investment Management Services | 6/29/21 | $669,931 |
Elkus-manfredi Architects Ltd Architectual Service | 6/29/21 | $307,731 |
Kpmg Llp Accounting Service | 6/29/21 | $162,050 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,100,768 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,987,584 |
| Noncash contributions included in lines 1a–1f | $680,075 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,088,352 |
| Total Program Service Revenue | $79,562,547 |
| Investment income | $2,781,543 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,809,285 |
| Net Gain/Loss on Asset Sales | $21,561,205 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $117,188,309 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $174,700 |
| Grants and other assistance to domestic individuals. | $39,714,998 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $22,157 |
| Compensation of current officers, directors, key employees. | $22,157 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $23,314,027 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,968,162 |
| Payroll taxes | $1,619,358 |
| Fees for services: Management | $822,542 |
| Fees for services: Legal | $58,607 |
| Fees for services: Accounting | $131,400 |
| Fees for services: Lobbying | $540 |
| Fees for services: Fundraising | $89,938 |
| Fees for services: Investment Management | $678,349 |
| Fees for services: Other | $0 |
| Advertising and promotion | $305,272 |
| Office expenses | $1,504,972 |
| Information technology | $1,132,487 |
| Royalties | $0 |
| Occupancy | $2,003,042 |
| Travel | $36,682 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,026 |
| Interest | $7,563,626 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,114,783 |
| Insurance | $704,727 |
| All other expenses | $1,011,893 |
| Total functional expenses | $101,347,299 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,757,247 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,084,762 |
| Accounts receivable, net | $210,471 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $881,629 |
| Net Land, buildings, and equipment | $278,061,507 |
| Investments—publicly traded securities | $187,652,794 |
| Investments—other securities | $0 |
| Investments—program-related | $1,449,752 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $475,098,162 |
| Accounts payable and accrued expenses | $6,676,659 |
| Grants payable | $0 |
| Deferred revenue | $93,667,940 |
| Tax-exempt bond liabilities | $150,360,499 |
| 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 | $44,924,405 |
| Total liabilities | $295,629,503 |
| Net assets without donor restrictions | $129,855,707 |
| Net assets with donor restrictions | $49,612,952 |
| 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 | $475,098,162 |
Grants Awarded
Over the last fiscal year, Emmanuel College has awarded $155,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF BOSTON PILOT PURPOSE: PILOT | $130,000 |
Boston, MA PURPOSE: INNER CITY SCHOLARSHIP | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Emmanuel College has recieved totaling $130,000.
| Awarding Organization | Amount |
|---|---|
Hastings Family Foundation Inc Boston, MA PURPOSE: GENERAL PURPOSE | $125,000 |
John T Galligan Testamentary Trust Uw Fbo Scholarships Dallas, TX PURPOSE: SCHOLARSHIP | $2,000 |
Bayport Foundation Newport News, VA PURPOSE: SCHOLARSHIPS | $1,500 |
Vera H And William R Todd Founda- Tion Co Connecticut National Bank Dallas, TX PURPOSE: EDUCATIONAL | $1,500 |
Endowment Analysis
| Beg. Balance | $159,077,403 |
| Earnings | $39,051,848 |
| Admin Expense | $678,349 |
| Net Contributions | $1,340,493 |
| Other Expense | $9,975,000 |
| Grants | $1,163,601 |
| Ending Balance | $187,652,794 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fordham University Bronx, NY | $2,430,141,698 | $953,892,663 |
Rochester Institute Of Technology Rochester, NY | $2,526,196,996 | $1,071,324,345 |
St Johns University New York Jamaica, NY | $1,703,677,283 | $798,473,536 |
Rensselaer Polytechnic Institute Troy, NY | $1,598,843,813 | $653,047,178 |
Rockefeller University New York, NY | $4,263,008,941 | $535,346,959 |
The New School New York, NY | $1,263,076,833 | $558,997,855 |
Hofstra University Hempstead, NY | $1,538,245,078 | $606,887,297 |
American University Of Beirut New York, NY | $1,902,791,001 | $608,300,843 |
Quinnipiac University Hamden, CT | $1,807,258,104 | $531,949,834 |
Brandeis University Waltham, MA | $1,811,655,582 | $399,602,478 |
Johnson & Wales University Providence, RI | $913,541,997 | $403,272,641 |
Bar Ilan University In Israel New York, NY | $542,311,841 | $462,229,998 |