St Josephs College
- Assets
- $175.8m
- Revenue
- $139.4m
- Investments
- $0.0
- Employees
- 1,597
- Location
- Brooklyn, NY
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 11-1733439
Organization Overview
St Josephs College is located in Brooklyn, NY. The organization was established in 1946. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2021, St Josephs College employed 1,597 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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, St Josephs College generated $139.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $133.2m during the year ending 06/2021. While expenses have increased by 3.5% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE COLLEGE PROVIDES A VALUE-ORIENTED UNGRADUATE & GRADUATE LIBERAL ARTS EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
SEE SCHEDULE O
THE CLARE ROSE PLAYHOUSE SERVES AS A MAJOR TEACHING FACILITY FOR THE COLLEGE'S THEATER COURSES AND A TRAINING GROUND FOR YOUNG ACTORS. THE PLAYHOUSE IS THE SITE OF COMMUNITY THEATER PRODUCTIONS OF MUSICALS, DRAMAS, COMEDIES, CABARET ACTS, MUSICAL PERFORMANCES, DANCE TROUPES AND COMEDIANS. THE PLAYHOUSE CLOSED TO THE PUBLIC BEGINNING IN MARCH OF 2020 DUE TO THE COVID-19 PANDEMIC; THE PLAYHOUSE RE-OPENED FOR BUSINESS IN NOVEMBER OF 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald Boomgaarden President (non Voting Trustee) | OfficerTrustee | 35 | $554,913 |
John C Roth Chief Financial Officer | Officer | 35 | $290,822 |
Robert Riley Provost | Officer | 35 | $249,686 |
Eileen Jahn Executive Dean - Li | Officer | 35 | $233,531 |
Georgia-Lynn Lamens VP Enrollment Mgmt. - Li | Officer | 35 | $222,480 |
Rory-Shaffer Walsh VP Institutional Advancement | Officer | 35 | $207,655 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Universal Protection Services Lp Security Services | 6/29/21 | $542,819 |
Bentel & Bentel Architectsplanners Architectural | 6/29/21 | $187,126 |
Mcallister & Quinn Llc Consulting Services | 6/29/21 | $105,300 |
Kelley Drye & Warren Llp Legal Services | 6/29/21 | $141,640 |
Grant Thornton Llp Financial Audit | 6/29/21 | $152,905 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $89,580 |
| Related organizations | $0 |
| Government grants | $13,287,095 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,473,643 |
| Noncash contributions included in lines 1a–1f | $9,586 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,850,318 |
| Total Program Service Revenue | $120,419,244 |
| Investment income | $714,851 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $267,821 |
| Net Gain/Loss on Asset Sales | $1,834,306 |
| Net Income from Fundraising Events | -$576 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $139,407,040 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $46,771,108 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,974,897 |
| Compensation of current officers, directors, key employees. | $1,258,314 |
| Compensation to disqualified persons | $238,653 |
| Other salaries and wages | $43,826,035 |
| Pension plan accruals and contributions | $2,318,085 |
| Other employee benefits | $7,330,678 |
| Payroll taxes | $3,444,125 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,308 |
| Fees for services: Accounting | $311,485 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $175,707 |
| Fees for services: Other | $2,113,182 |
| Advertising and promotion | $3,533,395 |
| Office expenses | $2,502,255 |
| Information technology | $2,431,460 |
| Royalties | $0 |
| Occupancy | $5,003,811 |
| Travel | $128,765 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,351 |
| Interest | $1,061,088 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,869,467 |
| Insurance | $884,129 |
| All other expenses | $556,249 |
| Total functional expenses | $133,150,701 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,133 |
| Savings and temporary cash investments | $11,951,463 |
| Pledges and grants receivable | $2,540,091 |
| Accounts receivable, net | $2,289,008 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $492,998 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,610,864 |
| Net Land, buildings, and equipment | $62,437,304 |
| Investments—publicly traded securities | $85,160,309 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,281,745 |
| Total assets | $175,776,915 |
| Accounts payable and accrued expenses | $5,898,954 |
| Grants payable | $0 |
| Deferred revenue | $5,173,612 |
| Tax-exempt bond liabilities | $35,279,194 |
| 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 | $9,131,156 |
| Total liabilities | $55,482,916 |
| Net assets without donor restrictions | $87,177,176 |
| Net assets with donor restrictions | $33,116,823 |
| 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 | $175,776,915 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that St Josephs College has recieved totaling $129,338.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $26,000 |
May Ellen & Gerald Ritter Foundation Lexington Ave Th Floo, NY PURPOSE: GENERAL | $25,000 |
Huisking Foundation Inc Pittsboro, NC PURPOSE: OPERATING SUPPORT | $25,000 |
Callaghan-Pierog Family Foundation Inc Huntington, NY PURPOSE: SCHOLARSHIP | $22,500 |
United Way Of Rhode Island Inc Providence, RI PURPOSE: DESIGNATED DONATION/GRANT | $10,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,050 |
Endowment Analysis
| Beg. Balance | $48,040,768 |
| Earnings | $17,302,966 |
| Net Contributions | $3,217,555 |
| Grants | $950,341 |
| Ending Balance | $67,610,948 |
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 |
Wesleyan University Middletown, CT | $1,706,429,000 | $326,592,000 |
Saint Josephs University Philadelphia, PA | $901,366,941 | $347,052,680 |
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 |