Mount Aloysius College
- Assets
- $187.4m
- Revenue
- $41.2m
- Investments
- $8.8m
- Employees
- 698
- Location
- Cresson, PA
- Founding
- 09/1964
- Data as of
- 06/2021
- EIN
- 25-1114320
Organization Overview
Mount Aloysius College is located in Cresson, PA. The organization was established in 1964. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Mount Aloysius College employed 698 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mount Aloysius College 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, Mount Aloysius College generated $41.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $36.8m during the year ending 06/2021. While expenses have increased by 0.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
TO PROVIDE QUALITY HIGHER EDUCATION PROGRAMS WHICH MEET THE INDIVIDUAL NEEDS OF STUDENTS.
Describe the Organization's Program Activity:
ACCREDITED BY THE MIDDLE STATES COMMISSION ON HIGHER EDUCATION, THE COLLEGE AWARDS BACHELOR'S AND ASSOCIATE DEGREES IN THE ARTS, SCIENCES, AND HEALTH STUDIES IN BOTH CAREER-ORIENTED AND LIBERAL ARTS PROGRAMS. GRADUATE DEGREES INCLUDE MBA AND MS DEGREES IN COMMUNITY COUNSELING. BACCALAUREATE AND ASSOCIATE DEGREES ARE AVAILABLE IN ACCOUNTING, BEHAVIORAL AND SOCIAL SCIENCE, BIOLOGY AND NATURAL SCIENCE, BUSINESS ADMINISTRATION, COMPUTER SCIENCE, CRIMINOLOGY, PHYSICAL THERAPY ASSISTANT, NURSING, SURGICAL TECHNICIAN, MEDICAL IMAGING, AND OTHERS. THE COLLEGE INTRODUCED MINORS IN SPORTS MANAGEMENT, SUSTAINABILITY, SOCIOLOGY, NEW CONCENTRATION IN COMPUTER SECURITY. CONTINUED ON SCHEDULE "O".NEW MAJORS INCLUDE ENVIRONMENTAL HEALTH (BA OF SCIENCE), BSN PRE-LICENSURE PROGRAM, PRE-LICENSURE PROGRAM POST BACCALAUREATE VERSION, PRE-PHYSICAL THERAPY ASST, ASSOC. DEGREE PROGRAM CALLED CYBERSECURITY & DIGITAL FORENSICS, BACHELOR OF SCIENCES IN NATURAL SCIENCES WITH PRE-PHYSICAL CONCENTRATION, NEW SPECIALIZATION FOR ASSOCIATION OF ARTS-LIBERAL ARTS DEGREE IN LEADERSHIP.EACH STUDENT WILL HAVE THE OPPORTUNITY TO ACQUIRE KNOWLEDGE AND TO DEVELOP VALUES, ATTITUDES, AND COMPETENCIES NECESSARY FOR LIFELONG LEARNING WITHIN AN ENVIRONMENT WHICH REFLECTS A LIBERAL ARTS ORIENTATION AND A CATHOLIC, JUDEO-CHRISTIAN HERITAGE.MOUNT ALOYSIUS PREPARES STUDENTS FOR SUCCESS BOTH IN AND OUT OF THE CLASSROOM. STUDENT SERVICES SUPPORT THE SOCIAL, PHYSICAL, AND MENTAL WELL-BEING OF A DIVERSE STUDENT BODY. MOUNT ALOYSIUS COLLEGE IS A MEMBER OF NCAA DIVISION III. FIFTEEN NCAA ATHLETIC PROGRAMS INVOLVE BOTH WOMEN AND MEN. IN ADDITION, THE STUDENTS RECREATE WITHIN A STRONG INTRAMURAL PROGRAM WHICH IS COMBINED WITH A RIGOROUS SCHEDULE OF SOCIAL AND ACADEMIC ACTIVITIES. STUDENT HEALTH IS STAFFED BY A FULL-TIME CAMPUS NURSE. PHYSICIANS ARE ON CALL AND AVAILABLE FOR STUDENT NEEDS.COUNSELING SERVICES ARE READILY AVAILABLE. A SECURE AND SAFE ENVIRONMENT CREATES THE FUNDAMENTALS FOR OUR COMPREHENSIVE RESIDENTIAL LIFE PROGRAM.STUDENTS ARE HOUSED IN FIVE ATTRACTIVE MODERN DORMITORIES AND ONE OFF-CAMPUS HOUSE. INTERNET ACCESSIBILITY IS WIRELESS WITH EXCELLENT BANDWIDTH. MEALS ARE PROVIDED THROUGH A CONTRACTED FOOD SERVICE VENDOR. MEAL PLANS OFFER STUDENTS A VARIETY OF OPTIONS. THESE INCLUDE SPECIAL DIETARY RESTRICTIONS AND MEAL PLANS MATCHING STUDENT CLINICAL (HEALTH SCIENCE MAJORS) AND ATHLETIC SCHEDULES. DIETARY OPTIONS REFLECT CURRENT BEST PRACTICES FOR A HEALTHY LIFE-STYLE. TEXT BOOKS, STATIONARY, BRANDED CLOTHING, SNACKS, AND SUNDRIES ARE AVAILABLE IN OUR BOOKSTORE CONVENIENTLY LOCATED WITHIN THE COSGRAVE STUDENT CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Mckeegan President | OfficerTrustee | 60 | $186,163 |
Patricia S Ireland Sr VP Academic Affairs/provost | Officer | 40 | $153,531 |
Michael D Baker Sr VP Administration & Strategy/cfo | Officer | 40 | $153,419 |
Tracy B Mcfarland VP Of Student Affairs | 40 | $121,493 | |
Richard J Shea Director Of Information Technology | 40 | $110,585 | |
David M Haschak VP Of Academic Affairs | 40 | $100,429 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pj Dick Inc Construction Services | 6/29/21 | $3,284,573 |
Sage Dining Services Inc Food Service | 6/29/21 | $1,275,056 |
Weber Murphy Fox Inc Architectual/engineering Services | 6/29/21 | $551,926 |
Sei Private Trust Co Investment Services | 6/29/21 | $386,882 |
Collegiate Enterprise Solutions Llc Consulting/interim Outsourcing Services | 6/29/21 | $195,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,876,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $676,522 |
| Noncash contributions included in lines 1a–1f | $17,477 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,552,522 |
| Total Program Service Revenue | $31,191,985 |
| Investment income | $1,537,876 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,059 |
| Net Gain/Loss on Asset Sales | $2,060,283 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $41,178,883 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $8,695,986 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $773,335 |
| Compensation of current officers, directors, key employees. | $773,335 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,267,408 |
| Pension plan accruals and contributions | $378,078 |
| Other employee benefits | $2,177,227 |
| Payroll taxes | $881,947 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $86,542 |
| Fees for services: Accounting | $54,075 |
| Fees for services: Lobbying | $45,639 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $390,715 |
| Fees for services: Other | $842,461 |
| Advertising and promotion | $348,556 |
| Office expenses | $955,301 |
| Information technology | $837,317 |
| Royalties | $0 |
| Occupancy | $719,432 |
| Travel | $140,400 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $624,392 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,496,888 |
| Insurance | $465,294 |
| All other expenses | $1,206,963 |
| Total functional expenses | $36,791,272 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,594 |
| Savings and temporary cash investments | $10,821,720 |
| Pledges and grants receivable | $110,291 |
| Accounts receivable, net | $1,373,407 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $143,410 |
| Prepaid expenses and deferred charges | $512,661 |
| Net Land, buildings, and equipment | $73,361,373 |
| Investments—publicly traded securities | $90,809,394 |
| Investments—other securities | $8,760,282 |
| Investments—program-related | $1,153,192 |
| Intangible assets | $0 |
| Other assets | $347,120 |
| Total assets | $187,396,444 |
| Accounts payable and accrued expenses | $5,022,708 |
| Grants payable | $0 |
| Deferred revenue | $667,237 |
| Tax-exempt bond liabilities | $19,786,897 |
| 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 | $1,356,626 |
| Total liabilities | $26,833,468 |
| Net assets without donor restrictions | $150,966,721 |
| Net assets with donor restrictions | $9,596,255 |
| 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 | $187,396,444 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Mount Aloysius College has recieved totaling $137,126.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $63,000 |
Charlotte W Newcombe Foundation Princeton, NJ PURPOSE: MATURE STUDENTS SCHOLARSHIPS | $40,000 |
The Bruno & Lena Degol Family Foundation Altoona, PA PURPOSE: CHARITABLE | $14,500 |
Minnie Stayman T W For Education Pittsburgh, PA PURPOSE: SCHOLARSHIPS | $4,800 |
Edith Davis Eve Foundation Pittsburgh, PA PURPOSE: SCHOLARSHIPS | $4,400 |
Benz William L & Margaret L Fdn Pittsburgh, PA PURPOSE: EDUCATIONAL SCHOLARSHIPS | $3,100 |
Endowment Analysis
| Beg. Balance | $41,839,430 |
| Earnings | $12,969,753 |
| Net Contributions | $278,715 |
| Other Expense | $1,621,048 |
| Grants | $321,880 |
| Ending Balance | $53,144,970 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Raritan Valley Community College Dir Of Budget & Finance Office Somerville, NJ | $103,363,745 | $84,313,623 |
Muskingum University New Concord, OH | $203,474,900 | $69,143,599 |
Mount Aloysius College Cresson, PA | $187,396,444 | $41,178,883 |
Lackawanna College Scranton, PA | $71,721,039 | $37,550,402 |
Keystone College La Plume, PA | $35,973,065 | $32,307,027 |
Hilbert College Hamburg, NY | $32,366,281 | $25,027,344 |
Trocaire College Buffalo, NY | $48,308,094 | $27,715,968 |
Maria College Albany, NY | $31,705,663 | $17,053,225 |
Villa Maria College Of Buffalo Buffalo, NY | $9,472,664 | $15,072,401 |
Christ College Of Nursing Andhealth Sciences Cincinnati, OH | $10,994,626 | $16,669,063 |
Monroe Community College Assn Inc Rochester, NY | $45,662,437 | $9,260,852 |
Northampton County Area Community College Foundation Bethlehem, PA | $90,958,462 | $10,129,172 |