Immaculata University
- Assets
- $91.0m
- Revenue
- $52.7m
- Investments
- $0.0
- Employees
- 989
- Location
- Immaculata, PA
- Founding
- 00/0000
- Data as of
- 06/2021
- EIN
- 23-1352648
Organization Overview
Immaculata University is located in Immaculata, PA. The organization was established in 0000. 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, Immaculata University employed 989 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Immaculata 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 06/2021, Immaculata University generated $52.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $46.6m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 7 years. 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO EDUCATE AND PROVIDE RELATED SERVICES TO STUDENTS. IN THE FALL TERM OF ACADEMIC YEAR 2021/2022, THIS PROGRAM BENEFITTED 2,501 OF WHOM 948 WERE TRADITIONAL UNDERGRADUATE AND 925 GRADUATE STUDENTS. THIS PROGRAM ALSO CONTRIBUTED TOWARD THE GRADUATION OF 503 STUDENTS DURING ACADEMIC YEAR 2021/2022.
DESCRIPTION AND REVENUE AMOUNTS:BOOKSTORE COMMISSION AND VENDING - $54,055FOOD SVCS - CATERING: $2,287IU CASH RECEIPTS: $15,390PARKING FEE/PERMITS: $60,365TRANSCRIPT INCOME: $22,076FORFEIT STUDENT DEPOSITS: $21,154ALL OTHER REVENUE : $313,929
TO PROVIDE LIVING QUARTERS FOR STUDENTS. IN THE FALL TERM OF ACADEMIC YEAR 2021/2022, THIS PROGRAM BENEFITTED 498 STUDENTS.
TO PROVIDE MEALS TO STUDENTS. IN THE FALL OF 2021, THIS PROGRAM BENEFITTED 501 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sister Margaret Rose Adams Trustee | Trustee | 2 | $0 |
Peggy Behm Trustee | Trustee | 2 | $0 |
Norma C Brown Trustee | Trustee | 2 | $0 |
Phyllis Bellopede Trustee (thru 10/2021) | Trustee | 2 | $0 |
Sister Elaine Dechantal Brookes Ihm Trustee | Trustee | 2 | $0 |
Justin Cusick Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
R C Legnini Company Inc Contractor | 6/29/22 | $3,921,791 |
Parkhurst Dining Dining Services | 6/29/22 | $2,544,135 |
Ellucian Company Technology Services | 6/29/22 | $941,448 |
Sisters Of Ihm Student Teaching | 6/29/22 | $932,298 |
It Outlet Inc Technology Hardware | 6/29/22 | $489,253 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,740,750 |
| Investment income | $446,450 |
| Tax Exempt Bond Proceeds | $744 |
| Royalties | $0 |
| Net Rental Income | $600 |
| Net Gain/Loss on Asset Sales | $501,082 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $52,685,329 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $10,842,109 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,836,966 |
| Compensation to disqualified persons | $15,126,724 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $3,449 |
| Other employee benefits | $2,127,265 |
| Payroll taxes | $1,289,297 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $74,446 |
| Fees for services: Accounting | $94,169 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $117,850 |
| Fees for services: Other | $2,198,408 |
| Advertising and promotion | $728,637 |
| Office expenses | $2,614,378 |
| Information technology | $2,098,960 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $20,482 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,934,418 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,639,374 |
| Insurance | $412,435 |
| All other expenses | $0 |
| Total functional expenses | $46,596,384 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,619,562 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $687,606 |
| Accounts receivable, net | $759,837 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $498,897 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $738,696 |
| Investments—publicly traded securities | $32,400,605 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $138,604 |
| Total assets | $90,984,973 |
| Accounts payable and accrued expenses | $2,022,754 |
| Grants payable | $0 |
| Deferred revenue | $2,536,785 |
| Tax-exempt bond liabilities | $36,326,456 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,150,523 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,701,633 |
| Total liabilities | $48,738,151 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $42,246,822 |