St Josephs University
- Assets
- $166.3m
- Revenue
- $145.1m
- Investments
- $0.0
- Employees
- 1,528
- Location
- Brooklyn, NY
- Founding
- 03/1946
- Data as of
- 06/2022
- EIN
- 11-1733439
Organization Overview
St Josephs University 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 06/2022, St Josephs University employed 1,528 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Josephs University 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, St Josephs University generated $145.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $142.1m during the year ending 06/2022. While expenses have increased by 4.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE UNIVERSITY 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 UNIVERSITY'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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald Boomgaarden President (non Voting Trustee) | OfficerTrustee | 35 | $582,695 |
Christopher R Carroll ESQ Chair | OfficerTrustee | 1 | $0 |
Dr Mary Ellen Freeley Edd Vice Chair | OfficerTrustee | 1 | $0 |
Peter M Meyer Secretary | OfficerTrustee | 1 | $0 |
Matthew Barbis Cfs Cts Board Member | Trustee | 1 | $0 |
Neal Bermas PHD Board Member (as Of 05/2022) | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bentel & Bentel Architectsplanners Architectural | 6/29/22 | $992,170 |
Universal Protection Services Lp Security Services | 6/29/22 | $849,494 |
Grant Thornton Llp Accounting/audit Services | 6/29/22 | $341,850 |
Nelson & Pope & Voorhis Llc Environmental Planning | 6/29/22 | $201,011 |
Cameron Engineering & Assoc Llp Engineering | 6/29/22 | $222,211 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $229,542 |
| Related organizations | $0 |
| Government grants | $16,739,072 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,442,238 |
| Noncash contributions included in lines 1a–1f | $6,012 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,410,852 |
| Total Program Service Revenue | $122,013,441 |
| Investment income | $851,695 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $523,889 |
| Net Gain/Loss on Asset Sales | $1,063,935 |
| Net Income from Fundraising Events | -$120,139 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $145,093,494 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $52,055,931 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,349,553 |
| Compensation of current officers, directors, key employees. | $1,488,647 |
| Compensation to disqualified persons | $655,171 |
| Other salaries and wages | $43,740,582 |
| Pension plan accruals and contributions | $2,316,519 |
| Other employee benefits | $7,841,496 |
| Payroll taxes | $3,488,141 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,653 |
| Fees for services: Accounting | $265,132 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $274,502 |
| Fees for services: Other | $2,310,091 |
| Advertising and promotion | $3,524,609 |
| Office expenses | $2,617,065 |
| Information technology | $2,501,056 |
| Royalties | $0 |
| Occupancy | $5,892,187 |
| Travel | $456,356 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $35,375 |
| Interest | $1,401,813 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,447,312 |
| Insurance | $1,028,259 |
| All other expenses | $793,657 |
| Total functional expenses | $142,097,654 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,557 |
| Savings and temporary cash investments | $5,045,009 |
| Pledges and grants receivable | $997,648 |
| Accounts receivable, net | $2,057,365 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $230,743 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,661,511 |
| Net Land, buildings, and equipment | $68,085,455 |
| Investments—publicly traded securities | $76,751,221 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,481,849 |
| Total assets | $166,325,358 |
| Accounts payable and accrued expenses | $7,334,398 |
| Grants payable | $0 |
| Deferred revenue | $4,870,805 |
| Tax-exempt bond liabilities | $34,271,330 |
| 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 | $8,468,853 |
| Total liabilities | $54,945,386 |
| Net assets without donor restrictions | $82,079,362 |
| Net assets with donor restrictions | $29,300,610 |
| 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 | $166,325,358 |