Immaculata University
- Assets
- $91.0m
- Revenue
- $52.7m
- Investments
- $0.0
- Employees
- 988
- 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 06/2021, Immaculata University employed 988 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 6 years, the organization has seen revenues fall by an average of (4.3%) 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 (4.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
TO EDUCATE AND PROVIDE RELATED SERVICES TO STUDENTS. IN THE FALL TERM OF ACADEMIC YEAR 2020/2021, THIS PROGRAM BENEFITTED 2,585 OF WHOM 894 WERE TRADITIONAL UNDERGRADUATE AND 971 GRADUATE STUDENTS. THIS PROGRAM ALSO CONTRIBUTED TOWARD THE GRADUATION OF 470 STUDENTS DURING ACADEMIC YEAR 2019/2020.
TO PROVIDE LIVING QUARTERS FOR STUDENTS. IN THE FALL TERM OF ACADEMIC YEAR 2020/2021 ,THIS PROGRAM BENEFITTED 386 STUDENTS.
TO PROVIDE MEALS TO STUDENTS. IN THE FALL OF 2020, THIS PROGRAM BENEFITTED 407 STUDENTS.
DESCRIPTION AND REVENUE AMOUNTS:BOOKSTORE COMMISSION AND VENDING: $53,088FOOD SVCS - CATERING: $0IU CASH RECEIPTS: $7,692PARKING FEE/PERMITS: $23,745TRANSCRIPT INCOME: $17,439FORFEIT STUDENT DEPOSITS: $12,925ALL OTHER REVENUE : $63,623
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Lettiere President | Officer | 40 | $264,783 |
Bruce Friedman VP Finance & Administration | Officer | 40 | $200,612 |
Susan Arnold VP Of Advancement | Officer | 40 | $184,082 |
Patricia Canterino VP For Sd & Ua | Officer | 40 | $169,539 |
Angela Tekely VP Academic Affairs | Officer | 40 | $150,028 |
Kerry Jones Director, Capital Program Management | 40 | $141,469 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ellucian Company Technology Services | 6/29/21 | $1,029,705 |
Parkhurst Dining Campus Services/ Facility Mgmt | 6/29/21 | $1,614,379 |
Sisters Of Immaculate Heart Of Mary Student Teaching | 6/29/21 | $800,631 |
Crabtree Rohrbaugh & Associates Architects | 6/29/21 | $446,162 |
Willis Towers Watson Northeast Inc Consulting Services | 6/29/21 | $419,550 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,751,575 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,989,175 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,740,750 |
| Total Program Service Revenue | $42,870,280 |
| 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 organizations and domestic governments. | $0 |
| 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 of current officers, directors, key employees. | $897,621 |
| 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 |
| Net Land, buildings, and equipment | $51,141,166 |
| 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 | $15,957,276 |
| Net assets with donor restrictions | $26,289,546 |
| 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 | $90,984,973 |
Grants Recieved
Over the last fiscal year, we have identified 20 grants that Immaculata University has recieved totaling $129,749.
| Awarding Organization | Amount |
|---|---|
Independence Blue Cross Foundation Philadelphia, PA PURPOSE: UNDERGRADUATE NURSING SCHOLARSHIPS (NURSES FOR TOMORROW) | $39,309 |
Sandy Hill Foundation Morristown, NJ PURPOSE: GENERAL FUND | $30,000 |
J Robert Odonnell Irrv Trust B 43v115010 Lancaster, PA PURPOSE: SCHOLARSHIPS, LIBRARY & | $9,841 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $7,500 |
Raymond James Charitable Endowment Fund St Petersberg, FL PURPOSE: GENERAL SUPPORT | $6,646 |
Trust Under Will Of John Mckee Dated December 8 1899 Malvern, PA PURPOSE: INDIVIDUAL STUDENT SCHOLARSHIP GRANT | $6,500 |
Endowment Analysis
| Beg. Balance | $20,961,788 |
| Earnings | $5,378,845 |
| Net Contributions | $883,848 |
| Other Expense | $500,726 |
| Ending Balance | $26,723,755 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Point Park University Pittsburgh, PA | $213,510,842 | $122,379,566 |
Mount Saint Marys University Emmitsburg, MD | $202,133,149 | $126,243,509 |
Desales University Center Valley, PA | $267,808,643 | $127,653,675 |
University Of The Sciences In Philadelphia Philadelphia, PA | $394,161,147 | $107,500,197 |
Moravian University Bethlehem, PA | $317,733,693 | $123,053,733 |
Franciscan University Of Steubenville Steubenville, OH | $297,369,155 | $157,148,850 |
Ursinus College Collegeville, PA | $337,795,514 | $116,678,933 |
Mc Daniel College Inc Westminster, MD | $217,534,229 | $113,872,650 |
Saint Peters University Jersey City, NJ | $164,476,054 | $118,523,321 |
Wagner College Staten Island, NY | $223,315,881 | $116,300,889 |
University Of Toledo Physicians Clinical Facility Inc Toledo, OH | $66,626,181 | $116,403,876 |
Canisius College Buffalo, NY | $289,486,779 | $104,179,636 |