Holy Apostles College & Seminary
- Assets
- $17.0m
- Revenue
- $9.1m
- Investments
- $0.0
- Employees
- 68
- Location
- Cromwell, CT
- Founding
- 03/1946
- Data as of
- 06/2022
- EIN
- 06-1149131
Organization Overview
Holy Apostles College & Seminary is located in Cromwell, CT. 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 06/2022, Holy Apostles College & Seminary employed 68 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Holy Apostles College & Seminary 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, Holy Apostles College & Seminary generated $9.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $6.4m during the year ending 06/2022. While expenses have increased by 8.5% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION OF STUDENTS IN MINISTERIAL FORMATION: CATHOLIC PRIESTHOOD AND LAY MINISTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION OF STUDENTS IN MINISTERIAL FORMATION: CATHOLIC PRIESTHOOD AND LAY MINISTRY.
EDUCATION OF MEN TO THE ROMAN CATHOLIC PRIESTHOOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Cynthia Toolin-Wilson Academic Dea | 40 | $145,143 | |
Dr J Marianne Siegmund Pastoral Stu | 40 | $106,633 | |
Rev Martin Rooney Msa Chancellor | OfficerTrustee | 1 | $0 |
Reverend Peter Kucer Msa President-Re | OfficerTrustee | 1 | $0 |
Mr David Masse Director | Trustee | 1 | $0 |
Mr John F Wolter ESQ Director | Trustee | 1 | $0 |
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 | $3,380,792 |
| Noncash contributions included in lines 1a–1f | $105,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,380,792 |
| Total Program Service Revenue | $5,067,119 |
| Investment income | $630,855 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,078,766 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,378,342 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,151,529 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $239,939 |
| Payroll taxes | $177,384 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $57,727 |
| Fees for services: Accounting | $51,710 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $423,659 |
| Advertising and promotion | $81,586 |
| Office expenses | $166,908 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $489,754 |
| Travel | $29,070 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $246,407 |
| Insurance | $0 |
| All other expenses | $29,578 |
| Total functional expenses | $6,387,525 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $872,383 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,876,537 |
| 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 | $0 |
| Net Land, buildings, and equipment | $6,151,259 |
| Investments—publicly traded securities | $8,056,851 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,135 |
| Total assets | $16,975,165 |
| Accounts payable and accrued expenses | $178,133 |
| Grants payable | $0 |
| Deferred revenue | $438,488 |
| Tax-exempt bond liabilities | $0 |
| 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 | $0 |
| Total liabilities | $616,621 |
| Net assets without donor restrictions | $16,336,728 |
| Net assets with donor restrictions | $21,816 |
| 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 | $16,975,165 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Holy Apostles College & Seminary has recieved totaling $73,123.
| Awarding Organization | Amount |
|---|---|
Lilly Endowment Inc Indianapolis, IN PURPOSE: PATHWAYS FOR TOMORROW INITIATIVE | $49,995 |
American Association For The Advancement Of Science Washington, DC PURPOSE: INTEGRATE SCIENCE IN CORE CURRICULA | $11,250 |
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $6,193 |
Sino American Amity Fund Inc Elmhurst, NY PURPOSE: TO FURTHER EDUCATION FOR CHINESE STUDENTS | $5,400 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $285 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Auxiliary Services State University College At Oswego Inc Oswego, NY | $22,384,872 | $17,397,841 |
Brown Dermatology Inc Providence, RI | $7,129,470 | $16,553,293 |
New York School Of Interior Design New York, NY | $51,839,026 | $19,439,647 |
Campus Auxiliary Services Inc Geneseo, NY | $17,284,029 | $15,748,461 |
American Friends Of University College Oxford Inc Glastonbury, CT | $206,820 | $11,471,477 |
Nysernetorg Inc Syracuse, NY | $20,513,816 | $10,109,446 |
University Auxiliary Services At Albany Inc Albany, NY | $43,160,685 | $14,879,703 |
Suny Cobleskill Auxiliary Services Inc Cobleskill, NY | $8,795,968 | $7,700,761 |
New York College Of Health Professions Syosset, NY | $13,423,184 | $7,322,070 |
Holy Apostles College & Seminary Cromwell, CT | $16,975,165 | $9,078,766 |
Central Yeshiva Tomchei Timimim Lubavitz Of The U S A Brooklyn, NY | $11,238,577 | $6,653,725 |
Ccsu Foundation Inc New Britain, CT | $90,256,311 | $11,725,462 |