Aquinas Institute Of Rochester
- Assets
- $6.7m
- Revenue
- $9.8m
- Investments
- $0.0
- Employees
- 234
- Location
- Rochester, NY
- Founding
- 08/1994
- Data as of
- 06/2022
- EIN
- 16-0743904
Organization Overview
Aquinas Institute Of Rochester is located in Rochester, NY. The organization was established in 1994. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2022, Aquinas Institute Of Rochester employed 234 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aquinas Institute Of Rochester 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, Aquinas Institute Of Rochester generated $9.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $10.4m during the year ending 06/2022. 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 AQUINAS INSTITUTE OF ROCHESTER IS A CATHOLIC, PRIVATE, COLLEGE PREPARATORY, CO-EDUCATIONAL SCHOOL EDUCATING IN THE TRADITION OF THE BASILIAN FATHERS. THE MISSION OF THE SCHOOL IS TO TEACH ALL STUDENTS GOODNESS, DISCIPLINE, AND KNOWLEDGE, SUPPORTED THROUGH GOSPEL VALUES, WITHIN A COMPREHENSIVE CURRICULAR AND CO-CURRICULAR PROGRAM THAT WILL PREPARE THE STUDENTS (GRADES 6 THROUGH 12) TO BE RESPONSIBLE AND CARING CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE RESOURCES AND FACILITIES AT THE AQUINAS INSTITUTE OFFER STUDENTS STATE-OF-THE-ART EDUCATION IN A TRADITIONAL AND HISTORICAL SETTING. WITH OVER $20 MILLION IN FACILITY IMPROVEMENTS SINCE 2003, INCLUDING THE LATEST IN COMPUTER TECHNOLOGY, A NEW FINE ARTS CENTER AND A NEW ATHLETIC COMPLEX, THE CAMPUS AT AQUINAS HAS BEEN MODERNIZED TO ENHANCE OUR STUDENTS EXPERIENCE.AQUINAS STUDENTS ARE OFFERED NUMEROUS OPPORTUNITIES TO GROW EDUCATIONALLY, SOCIALLY AND SPIRITUALLY TO PREPARE THEM FOR COLLEGE AND BEYOND.DURING THE YEAR ENDED JUNE 30, 2022, THE AQUINAS INSTITUTE PROVIDED FINANCIAL ASSISTANCE OF OVER $2 MILLION TO APPROXIMATELY 60% OF STUDENTS IN BOTH THE MIDDLE AND HIGH SCHOOLS. IN JUNE, 124 STUDENTS GRADUATED FROM THE HIGH SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicholas Dobbertin Chair | OfficerTrustee | 2 | $0 |
Theodore Mancini Principal/director | OfficerTrustee | 37.5 | $115,375 |
James Brennan Vice Chair | OfficerTrustee | 2 | $0 |
Sam Guerrieri Treasurer | OfficerTrustee | 2 | $0 |
Jay Wegman Director | Trustee | 1 | $0 |
Edward Fiorentino Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,266,637 |
| Government grants | $827,992 |
| All other contributions, gifts, grants, and similar amounts not included above | $756,694 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,851,323 |
| Total Program Service Revenue | $6,266,906 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $69,275 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,819,460 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $627,709 |
| Compensation of current officers, directors, key employees. | $223,563 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,981,972 |
| Pension plan accruals and contributions | $212,957 |
| Other employee benefits | $660,843 |
| Payroll taxes | $408,905 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $57,251 |
| Fees for services: Accounting | $22,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $34,430 |
| Office expenses | $250,808 |
| Information technology | $110,884 |
| Royalties | $2,772 |
| Occupancy | $786,519 |
| Travel | $56,171 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $28,329 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,135,463 |
| Insurance | $80,230 |
| All other expenses | $38,597 |
| Total functional expenses | $10,429,859 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,503 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $134,265 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $57,720 |
| Prepaid expenses and deferred charges | $173,309 |
| Net Land, buildings, and equipment | $6,071,848 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $186,074 |
| Total assets | $6,671,719 |
| Accounts payable and accrued expenses | $208,080 |
| Grants payable | $0 |
| Deferred revenue | $263,102 |
| 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 | $444,712 |
| Other liabilities | $1,642,884 |
| Total liabilities | $2,558,778 |
| Net assets without donor restrictions | $4,112,941 |
| Net assets with donor restrictions | $0 |
| 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 | $6,671,719 |