Mount Carmel College Of Nursing
- Assets
- $51.6m
- Revenue
- $23.6m
- Investments
- $16.2m
- Employees
- 0
- Location
- Columbus, OH
- Founding
- 09/1991
- Data as of
- 06/2022
- EIN
- 31-1308555
Organization Overview
Mount Carmel College Of Nursing is located in Columbus, OH. The organization was established in 1991. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, 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. Mount Carmel College Of Nursing 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 06/2022, Mount Carmel College Of Nursing generated $23.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $26.3m during the year ending 06/2022. While expenses have increased by 5.8% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE A COLLEGE OF NURSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ESTABLISHED IN 1903 AND LOCATED IN COLUMBUS, OHIO, THE MOUNT CARMEL COLLEGE OF NURSING (MC COLLEGE OF NURSING) IS A SPECIALIZED INSTITUTION WITH A FOCUS ON EDUCATION IN THE HEALTH PROFESSIONS. MC COLLEGE OF NURSING OFFERS A BACHELOR OF SCIENCE IN NURSING, A MASTER OF SCIENCE, GRADUATE CERTIFICATE PROGRAMS, AND A DOCTOR OF NURSING PRACTICE. MC COLLEGE OF NURSING RANKS AMONG THE LARGEST BACCALAUREATE NURSING PROGRAMS IN OHIO. THROUGH AFFILIATION WITH MOUNT CARMEL HOSPITALS, MC COLLEGE OF NURSING PROVIDES CLINICAL EXPERIENCES AT FOUR LARGE ACUTE-CARE HOSPITALS, A DRUG/SUBSTANCE ABUSE CENTER, A NURSING/REHABILITATION CENTER, AND A PSYCHIATRIC FACILITY. MC COLLEGE OF NURSING PARTICIPATES IN STATE AND FEDERAL FINANCIAL AID PROGRAMS AND MAINTAINS ITS OWN INSTITUTIONAL LOAN, GRANT, AND WORK PROGRAMS. NINETY PERCENT OF STUDENTS RECEIVE NEED-BASED AID FROM FEDERAL, STATE, INSTITUTIONAL AND OTHER SOURCES. MC COLLEGE OF NURSING'S INSTITUTIONAL AID FOR FINANCIAL NEED AND SCHOLARSHIPS IS FUNDED BY DONATIONS TO THE COLLEGE AND FEDERAL GRANT PROGRAMS. MC COLLEGE OF NURSING HAS IMPLEMENTED A COMMUNITY SERVICE REQUIREMENT FOR ALL ENTERING STUDENTS. PLEASE VISIT OUR WEBSITE FOR ADDITIONAL INFORMATION: WWW.MCCN.EDU
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lorraine Lutton Director; Mount Carmel CEO | OfficerTrustee | 2 | $0 |
Kimberly Hodgkinson Mount Carmel CFO | Officer | 2 | $0 |
Michael Englehart Former Officer | 0 | $0 | |
Kathleen Williamson Director & President Through 6/22 | OfficerTrustee | 50 | $0 |
Daniel Powell Former Officer | 0 | $0 | |
Kathy Schumacher Former Off; Th VP Oper Effectiveness | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Idesign Education Program Design Services | 6/29/22 | $651,165 |
Scioto Llc Ada Facilities Management | 6/29/22 | $245,796 |
Bvk Marketing Services | 6/29/22 | $225,000 |
Limbach Company Llc Facilities Management | 6/29/22 | $203,577 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $538,978 |
| Government grants | $3,581,773 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,120,751 |
| Total Program Service Revenue | $14,133,480 |
| Investment income | $1,350,552 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $210,752 |
| Net Gain/Loss on Asset Sales | $657,009 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,629,478 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $21,855 |
| Grants and other assistance to domestic individuals. | $2,644,015 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $355,433 |
| Compensation of current officers, directors, key employees. | $355,433 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,978,891 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,155,028 |
| Payroll taxes | $904,919 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,083 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $138,536 |
| Fees for services: Other | $2,667,688 |
| Advertising and promotion | $412,327 |
| Office expenses | $1,259,191 |
| Information technology | $313,465 |
| Royalties | $0 |
| Occupancy | $880,805 |
| Travel | $32,017 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $43,403 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $469,606 |
| Insurance | $12,990 |
| All other expenses | $992,418 |
| Total functional expenses | $26,303,644 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,612,563 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,641,018 |
| 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 | $74,017 |
| Net Land, buildings, and equipment | $5,209,363 |
| Investments—publicly traded securities | $24,369,153 |
| Investments—other securities | $16,246,103 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,404,421 |
| Total assets | $51,556,638 |
| Accounts payable and accrued expenses | $628,679 |
| Grants payable | $0 |
| Deferred revenue | $102,320 |
| 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 | $2,656,952 |
| Total liabilities | $3,387,951 |
| Net assets without donor restrictions | $48,168,687 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $51,556,638 |