Rosemont College Of The Holy Child Jesus
- Assets
- $56.8m
- Revenue
- $22.4m
- Investments
- $0.0
- Employees
- 420
- Location
- Rosemont, PA
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 23-1365966
Organization Overview
Rosemont College Of The Holy Child Jesus is located in Rosemont, PA. 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, Rosemont College Of The Holy Child Jesus employed 420 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Rosemont College Of The Holy Child Jesus 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, Rosemont College Of The Holy Child Jesus generated $22.4m 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 (5.4%) each year. All expenses for the organization totaled $23.9m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 6 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
ROSEMONT COLLEGE IS A COMMUNITY OF LEARNERS DEDICATED TO EXCELLENCE & JOY IN PURSUIT OF KNOWLEDGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ROSEMONT COLLEGE WAS FOUNDED IN 1921 AND IS LOCATED IN SUBURBAN PHILADELPHIA. TOTAL STUDENT ENROLLMENT IS 958 WITH A STUDENT-TEACHER RATIO OF 12:1 AND AN AVERAGE CLASS SIZE OF 12. THERE ARE THREE SCHOOLS: THE UNDERGRADUATE COLLEGE, THE SCHOOL OF GRADUATE STUDIES, AND THE SCHOOL OF PROFESSIONAL STUDIES. THE UNDERGRADUATE COLLEGE OFFERS A NUMBER OF MAJORS AND ACADEMIC PROGRAMS AWARDING BACHELOR OF ARTS, BACHELOR OF FINE ARTS, AND BACHELOR OF SCIENCE DEGREES. EACH PROGRAM OFFERS AN IN-DEPTH STUDY OF A PARTICULAR SUBJECT AREA AS WELL AS A BREADTH OF STUDY IN THE LIBERAL ARTS.CONTINUED ON SCHEDULE O.THE SCHOOL OF GRADUATE STUDIES OFFERS GRADUATE PROGRAMS THAT AWARD THE MASTER OF BUSINESS ADMINISTRATION, MASTER OF SCIENCE IN MANAGEMENT, MASTER OF ARTS, MASTER OF FINE ARTS, AND THE MASTER OF EDUCATION DEGREES. THE SCHOOL OF PROFESSIONAL STUDIES OFFERS ACCELERATED DEGREE PROGRAMS, CERTIFICATES, AND CORPORATE TRAINING. THE ACADEMIC FOCUS OF THE ACCELERATED DEGREE PROGRAMS IS ON RELEVANT AND PRACTICAL KNOWLEDGE AND TECHNIQUES. SMALL CLASS SIZE AND A SEMINAR ATMOSPHERE COMPLEMENT THE LEARNING EXPERIENCE.GENERAL EDUCATION SCHOLARSHIPS AND FEDERAL AND STATE GRANTS AND SCHOLARSHIPS ARE AWARDED TO STUDENTS. DURING THE YEAR ENDED JUNE 30, 2021, THE COLLEGE PROVIDED STUDENT FINANCIAL AID FROM INTERNAL RESOURCES OF APPROXIMATELY $2,900,000.
ROSEMONT COLLEGE WAS FOUNDED IN 1921 AND IS LOCATED IN SUBURBAN PHILADELPHIA. TOTAL STUDENT ENROLLMENT IS 958 WITH A STUDENT-TEACHER RATIO OF 12:1 AND AN AVERAGE CLASS SIZE OF 12. THERE ARE THREE SCHOOLS: THE UNDERGRADUATE COLLEGE, THE SCHOOL OF GRADUATE STUDIES, AND THE SCHOOL OF PROFESSIONAL STUDIES. THE UNDERGRADUATE COLLEGE OFFERS A NUMBER OF MAJORS AND ACADEMIC PROGRAMS AWARDING BACHELOR OF ARTS, BACHELOR OF FINE ARTS, AND BACHELOR OF SCIENCE DEGREES. EACH PROGRAM OFFERS AN IN-DEPTH STUDY OF A PARTICULAR SUBJECT AREA AS WELL AS A BREADTH OF STUDY IN THE LIBERAL ARTS.CONTINUED ON SCHEDULE O.THE SCHOOL OF GRADUATE STUDIES OFFERS GRADUATE PROGRAMS THAT AWARD THE MASTER OF BUSINESS ADMINISTRATION, MASTER OF SCIENCE IN MANAGEMENT, MASTER OF ARTS, MASTER OF FINE ARTS, AND THE MASTER OF EDUCATION DEGREES. THE SCHOOL OF PROFESSIONAL STUDIES OFFERS ACCELERATED DEGREE PROGRAMS, CERTIFICATES, AND CORPORATE TRAINING. THE ACADEMIC FOCUS OF THE ACCELERATED DEGREE PROGRAMS IS ON RELEVANT AND PRACTICAL KNOWLEDGE AND TECHNIQUES. SMALL CLASS SIZE AND A SEMINAR ATMOSPHERE COMPLEMENT THE LEARNING EXPERIENCE.GENERAL EDUCATION SCHOLARSHIPS AND FEDERAL AND STATE GRANTS AND SCHOLARSHIPS ARE AWARDED TO STUDENTS. DURING THE YEAR ENDED JUNE 30, 2021, THE COLLEGE PROVIDED STUDENT FINANCIAL AID FROM INTERNAL RESOURCES OF APPROXIMATELY $2,900,000.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharon L Hirsh Until 52020 Former President | 60 | $173,990 | |
Lisa Dolling Until 92020 Provost | 40 | $172,493 | |
Randy L Eldridgeuntil 92020 VP Finance & Admin | Officer | 40 | $172,295 |
Jayson Boyers PHD President | Officer | 60 | $160,616 |
Christyn Moran VP College Relations | 40 | $108,316 | |
Marty Mehringer VP Finance & Admin | Officer | 50 | $37,366 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Industrial Construction Construction Services | 6/29/21 | $372,304 |
Aramark Management Service Lp Facilities Management And Cleaning | 6/29/21 | $826,740 |
Pa Media Group Marketing | 6/29/21 | $257,750 |
Parkhurst Dining Services Food Services | 6/29/21 | $790,214 |
Jenzabar It Services | 6/29/21 | $227,561 |
Aramark Management Service Lp Facilities Management And Cleaning | 6/29/21 | $826,740 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,359,353 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,293,915 |
| Noncash contributions included in lines 1a–1f | $47,282 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,653,268 |
| Total Program Service Revenue | $13,891,674 |
| Investment income | $300,679 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $52,386 |
| Net Gain/Loss on Asset Sales | $410,291 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,360,710 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,347,572 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $215,944 |
| Compensation of current officers, directors, key employees. | $62,427 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,601,723 |
| Pension plan accruals and contributions | $184,878 |
| Other employee benefits | $1,363,783 |
| Payroll taxes | $630,963 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $88,590 |
| Fees for services: Accounting | $221,014 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $39,055 |
| Fees for services: Investment Management | $95,847 |
| Fees for services: Other | $1,277,116 |
| Advertising and promotion | $145,486 |
| Office expenses | $301,127 |
| Information technology | $902,590 |
| Royalties | $0 |
| Occupancy | $545,632 |
| Travel | $23,834 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,382 |
| Interest | $684,621 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,173,771 |
| Insurance | $978,557 |
| All other expenses | $879,704 |
| Total functional expenses | $23,865,487 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,679,964 |
| Savings and temporary cash investments | $955,349 |
| Pledges and grants receivable | $2,706,925 |
| Accounts receivable, net | $993,214 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $150,581 |
| Prepaid expenses and deferred charges | $772,405 |
| Net Land, buildings, and equipment | $29,343,970 |
| Investments—publicly traded securities | $18,591,295 |
| Investments—other securities | $0 |
| Investments—program-related | $131,574 |
| Intangible assets | $0 |
| Other assets | $1,432,172 |
| Total assets | $56,757,449 |
| Accounts payable and accrued expenses | $2,121,330 |
| Grants payable | $0 |
| Deferred revenue | $1,206,047 |
| 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 | $15,972,977 |
| Unsecured mortgages and notes payable | $2,000,000 |
| Other liabilities | $2,090,681 |
| Total liabilities | $23,391,035 |
| Net assets without donor restrictions | $8,035,873 |
| Net assets with donor restrictions | $25,330,541 |
| 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 | $56,757,449 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Rosemont College Of The Holy Child Jesus has recieved totaling $269,028.
| Awarding Organization | Amount |
|---|---|
Villanova University Villanova, PA PURPOSE: GENERAL SUPPORT | $200,000 |
Credit Unions Chartered In The State Of Michigan Brighton, MI PURPOSE: PLATINUM SPONSORSHIP | $20,000 |
Youth Financial Literacy Foundation Farmington Hills, MI PURPOSE: SCHOLARSHIP | $15,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $12,228 |
Connelly Foundation West Conshohocken, PA PURPOSE: GENERAL SUPPORT - ODG | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $8,850 |
Endowment Analysis
| Beg. Balance | $17,272,190 |
| Earnings | $3,586,025 |
| Net Contributions | $33,396 |
| Other Expense | $1,630,033 |
| Grants | $919,781 |
| Ending Balance | $18,341,797 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ohio Dominican University Columbus, OH | $77,838,919 | $50,128,137 |
Notre Dame College South Euclid, OH | $47,555,171 | $48,168,719 |
West Virginia Wesleyan College Buckhannon, WV | $129,913,530 | $51,877,916 |
Vaughn College Of Aeronautics And Technology East Elmhurst, NY | $105,761,771 | $41,818,773 |
University Of Northwestern Ohio Lima, OH | $114,514,487 | $54,604,805 |
Hiram College Hiram, OH | $148,255,931 | $41,168,029 |
Thiel College Greenville, PA | $97,550,860 | $47,464,141 |
Malone University Canton, OH | $68,667,237 | $44,894,843 |
Wilmington College Wilmington, OH | $137,983,559 | $72,527,709 |
Lourdes University Sylvania, OH | $53,479,369 | $38,568,950 |
Columbus College Of Art & Design Columbus, OH | $67,729,937 | $43,474,178 |
Concordia College At Bronxville Bronxville, NY | $58,273,921 | $38,883,009 |