Bishops University Foundation
- Assets
- $68.9m
- Revenue
- $5.3m
- Investments
- $382.6k
- Employees
- 0
- Location
- Founding
- 02/1973
- Data as of
- 04/2021
- EIN
- 23-7253795
Organization Overview
Bishops University Foundation is located in null. The organization was established in 1973. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bishops University Foundation 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 04/2021, Bishops University Foundation generated $5.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $5.9m during the year ending 04/2021. 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
OPERATED STRICTLY FOR EDUCATIONAL PURPOSE - TO PROVIDE ASSISTANCE TO BISHOP'S UNIVERSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FINANCIAL ASSISTANCE TO BISHOP'S UNIVERSITY IN THE FORM OF SCHOLARSHIPS AND BURSARIES LIBRARY FUNDING RESEARCH FUNDING ATHLETIC FUNDING AND MISCELLANEOUS FUNDING FOR STUDENT PROGRAMS AND PROJETS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Robert J Golberger Chairperson | OfficerTrustee | 1 | $0 |
Ms Jo Anne Ryan Vice Chair | OfficerTrustee | 1 | $0 |
Ms Jacqueline Scott Excecutive Director Secretary | OfficerTrustee | 5 | $0 |
Ms Isabelle Goyette | Officer | 1 | $0 |
Mr Timothy K Griffin Director | Trustee | 0 | $0 |
Mr Robert Dunn Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,533,970 |
| Investment income | $2,806,449 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$9,145 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,331,274 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $5,610,936 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $44,871 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,794 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $226,772 |
| Fees for services: Other | $1,717 |
| Advertising and promotion | $0 |
| Office expenses | $448 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $26,897 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $241 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $5,938,417 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $435,214 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,134 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $68,090,330 |
| Investments—other securities | $382,580 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $68,918,258 |
| Accounts payable and accrued expenses | $6,288,620 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,288,620 |
| 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 | $62,629,638 |
Endowment Analysis
| Beg. Balance | $37,481,703 |
| Earnings | $4,965,568 |
| Net Contributions | $315,922 |
| Ending Balance | $42,763,193 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American School Of Milan | $34,975,339 | $18,900,429 |
Merton College | $449,219,486 | $18,363,821 |
Ivey Business School Foundation | $20,172,840 | $19,210,645 |
Meshi Early Childhood Development Center | $5,883,216 | $13,639,348 |
American Community School Of Athens Inc | $15,243,298 | $15,045,122 |
Murray Edwards College | $162,670,746 | $11,953,473 |
American Overseas School Of Rome Inc | $18,906,338 | $12,703,963 |
Shawnigan Lake School Foundation | $90,167,766 | $9,575,715 |
Huo Family Foundation | $180,782,473 | $30,378,058 |
Haigazian University Inc | $9,202,652 | $7,367,790 |
Bishops University Foundation | $68,918,258 | $5,331,274 |
Black Heart Foundation Us | $374,009 | $2,243,879 |