Laboure College Of Healthcare
- Assets
- $46.9m
- Revenue
- $21.2m
- Investments
- $4.5m
- Employees
- 276
- Location
- Milton, MA
- Founding
- 03/1946
- Data as of
- 06/2023
- EIN
- 04-2134818
Organization Overview
Laboure College Of Healthcare is located in Milton, MA. The organization was established in 1946. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, under the broad grouping of Education and related organizations. As of 06/2023, Laboure College Of Healthcare employed 276 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Laboure College Of Healthcare 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 06/2023, Laboure College Of Healthcare generated $21.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $21.0m during the year ending 06/2023. While expenses have increased by 4.9% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
LABOURE COLLEGE PROVIDES HIGH-QUALITY EDUCATION AND PREPARES WOMEN AND MEN FOR CAREERS IN NURSING AND ALLIED HEALTH FIELDS. INHERENT IN THE CATHOLIC IDENTITY OF THE COLLEGE AND OUR EDUCATIONAL MISSION IS A COMMITMENT TO JUDAEO-CHRISTIAN PRINCIPLES WHICH INFLUENCE THE ACADEMIC CURRICULA AND THE COLLEGE ENVIRONMENT. CONSISTENT WITH THESE PRINCIPLES, THE COLLEGE SEEKS TO GIVE OPPORTUNITIES TO A DIVERSE POPULATION OF STUDENTS TO CONTINUE THEIR EDUCATION AS MATURE ADULTS AND RESPONSIBLE WORLD CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LABOURE COLLEGE HAS A UNIQUE AND EXTENSIVE 131 YEAR HISTORY IN THE EDUCATION OF HEALTH CARE PROFESSIONALS IN THE GREATER BOSTON AREA. APPROXIMATELY 1,200 STUDENTS, MOST PART TIME, RECEIVE AN EDUCATION WITH THE DISTINCT FOCUS OF EDUCATION FOR PRACTICE IN THE HEALTH SECTOR. WE ARE COMMITTED TO PREPARING INDIVIDUALS TO DELIVER PATIENT-CENTERED CARE AS MEMBERS OF AN INTERDISCIPLINARY TEAM. THE INDIVIDUAL PROGRAMS PROVIDE CLINICAL EDUCATION EMPHASIZING EVIDENCE-BASED PRACTICE, INCLUDING THE LATEST RESEARCH AND CLINICAL EXPERTISE. QUALITY IMPROVEMENT APPROACHES AND THE USE OF INFORMATION TECHNOLOGY ARE IMPORTANT COMPONENTS OF EACH PROGRAM. LABOURE COLLEGE AND EACH OF ITS PROGRAMS ARE REGIONALLY ACCREDITED BY NEW ENGLAND COMMISSION OF HIGHER EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Bassett Director (as Of 4/12/23) | Trustee | 0.3 | $0 |
Robert Dimase Director (as Of 1/1/23) | Trustee | 0.3 | $0 |
Debra Farrar-Parkman Director (as Of 11/29/22) | Trustee | 0.3 | $0 |
Watura Finley Director (as Of 4/12/23) | Trustee | 0.3 | $0 |
Therese Fitzgerald Director | Trustee | 0.3 | $0 |
George Geary Director (as Of 8/31/22) | Trustee | 0.3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pepper Gang Digital Marketing | 6/29/23 | $340,159 |
Ssc Inc Public Safety | 6/29/23 | $256,433 |
Jenzabar Inc Database Admin. | 6/29/23 | $179,333 |
Assessment Technologies Institute Llc Testing | 6/29/23 | $1,005,023 |
Mmi Llc Custodial Services | 6/29/23 | $210,344 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $765,766 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $765,766 |
| Total Program Service Revenue | $20,550,924 |
| Investment income | $377,286 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$512,673 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,212,916 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $658,286 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,327,130 |
| Compensation of current officers, directors, key employees. | $739,340 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,183,971 |
| Pension plan accruals and contributions | $190,640 |
| Other employee benefits | $1,111,930 |
| Payroll taxes | $829,835 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $79,259 |
| Fees for services: Accounting | $155,735 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,672 |
| Fees for services: Other | $1,190,214 |
| Advertising and promotion | $975,565 |
| Office expenses | $104,364 |
| Information technology | $705,698 |
| Royalties | $0 |
| Occupancy | $1,373,461 |
| Travel | $45,213 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,573 |
| Interest | $183,765 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $434,041 |
| Insurance | $128,231 |
| All other expenses | $83,487 |
| Total functional expenses | $20,980,062 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,148,271 |
| Savings and temporary cash investments | $9,538,404 |
| Pledges and grants receivable | $176,805 |
| Accounts receivable, net | $761,983 |
| 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 | $517,652 |
| Net Land, buildings, and equipment | $11,135,095 |
| Investments—publicly traded securities | $10,520,975 |
| Investments—other securities | $4,546,125 |
| Investments—program-related | $435,968 |
| Intangible assets | $0 |
| Other assets | $91,478 |
| Total assets | $46,872,756 |
| Accounts payable and accrued expenses | $1,702,730 |
| Grants payable | $0 |
| Deferred revenue | $2,760,102 |
| Tax-exempt bond liabilities | $7,060,460 |
| 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 | $756,181 |
| Total liabilities | $12,279,473 |
| Net assets without donor restrictions | $30,068,092 |
| Net assets with donor restrictions | $4,525,191 |
| 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 | $46,872,756 |