Notre Dame College
- Assets
- $47.6m
- Revenue
- $48.2m
- Investments
- $0.0
- Employees
- 733
- Location
- South Euclid, OH
- Founding
- 07/1942
- Data as of
- 06/2021
- EIN
- 34-0714689
Organization Overview
Notre Dame College is located in South Euclid, OH. The organization was established in 1942. 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, Notre Dame College employed 733 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Notre Dame 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, Notre Dame College generated $48.2m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $46.3m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (1.7%) 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
NOTRE DAME COLLEGE, A CATHOLIC INSTITUTION IN THE TRADITION OF THE SISTERS OF NOTRE DAME, EDUCATES A DIVERSE POPULATION IN THE LIBERAL ARTS FOR PERSONAL, PROFESSIONAL AND GLOBAL RESPONSIBILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HIGHER EDUCATION: NOTRE DAME COLLEGE PROVIDES INSTRUCTION AND RELATED AUXILIARY SERVICES TO APPROXIMATELY 1,500 ENROLLED STUDENTS DURING THE ACADEMIC YEAR. AS A NON-PROFIT EDUCATIONAL INSTITUTION, THE COLLEGE EMPLOYS A REGULAR FACULTY AND MAINTAINS AN UP-TO-DATE CURRICULUM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Michael Pressimone President | OfficerTrustee | 40 | $207,718 |
Cheryl Noviski V.P. Finance & CFO | Officer | 40 | $95,610 |
Sr Margaret Gorman Snd Provincial Superior/trustee | Trustee | 1 | $0 |
Terri Eason Board Chair | Trustee | 1 | $0 |
Geoffrey Ritts Vice Chair | Trustee | 1 | $0 |
Sr Michelle Kelly Snd Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Normandy Catering Inc Food Service | 6/29/21 | $1,616,994 |
Wiley Education Services Online Course Mgmt. | 6/29/21 | $757,636 |
All For You Janitorial Inc Cleaning Services | 6/29/21 | $436,360 |
Adventures In Automation I.t. Services | 6/29/21 | $494,742 |
Jenzabar Inc Software Services | 6/29/21 | $369,192 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $42,792 |
| Related organizations | $0 |
| Government grants | $5,426,549 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,044,743 |
| Noncash contributions included in lines 1a–1f | $10,219 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,514,084 |
| Total Program Service Revenue | $40,762,239 |
| Investment income | $219,557 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,585 |
| Net Gain/Loss on Asset Sales | $313,615 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $48,168,719 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $20,897,068 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $378,715 |
| Compensation of current officers, directors, key employees. | $42,630 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,945,322 |
| Pension plan accruals and contributions | $51,062 |
| Other employee benefits | $922,007 |
| Payroll taxes | $735,917 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $149,563 |
| Fees for services: Accounting | $56,451 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $61,751 |
| Fees for services: Other | $219,630 |
| Advertising and promotion | $95,502 |
| Office expenses | $1,018,522 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $965,723 |
| Travel | $336,796 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $81,280 |
| Interest | $1,129,213 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,779,429 |
| Insurance | $287,744 |
| All other expenses | $2,150,566 |
| Total functional expenses | $46,263,159 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,875,513 |
| Savings and temporary cash investments | $600,000 |
| Pledges and grants receivable | $701,220 |
| Accounts receivable, net | $5,093,099 |
| 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 | $273,442 |
| Net Land, buildings, and equipment | $24,969,563 |
| Investments—publicly traded securities | $13,520,120 |
| Investments—other securities | $0 |
| Investments—program-related | $400,894 |
| Intangible assets | $0 |
| Other assets | $121,320 |
| Total assets | $47,555,171 |
| Accounts payable and accrued expenses | $961,719 |
| Grants payable | $0 |
| Deferred revenue | $703,487 |
| Tax-exempt bond liabilities | $17,553,304 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $18,498 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,687,896 |
| Total liabilities | $24,924,904 |
| Net assets without donor restrictions | $10,618,490 |
| Net assets with donor restrictions | $12,011,777 |
| 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 | $47,555,171 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Notre Dame College has recieved totaling $536,864.
| Awarding Organization | Amount |
|---|---|
Samuel H And Maria Miller Foundation Cleveland, OH PURPOSE: GENERAL | $250,000 |
Cleveland Foundation Cleveland, OH PURPOSE: VINCE FEDERICO MEMORIAL FUND II | $174,048 |
Burton D Morgan Foundation Inc Hudson, OH PURPOSE: TO SUPPORT ENTREPRENEURSHIP ACTIVITIES IN 2021-22 AND 2022-23 | $28,500 |
Burton D Morgan Foundation Inc Hudson, OH PURPOSE: TO SUPPORT ENTREPRENEURSHIP ACTIVITIES | $28,500 |
Fairfield County Foundation Lancaster, OH PURPOSE: PAYOUT SCHOLARSHIP F | $10,904 |
Synthomer Foundation Inc Beachwood, OH PURPOSE: PROJECT SUPPORT | $10,000 |
Endowment Analysis
| Beg. Balance | $10,567,010 |
| Earnings | $3,153,303 |
| Net Contributions | $271,640 |
| Grants | $475,000 |
| Ending Balance | $13,516,953 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Campbellsville University Inc Campbellsville, KY | $197,242,279 | $142,326,474 |
Albion College Albion, MI | $280,606,342 | $106,439,083 |
Centre College Of Kentucky Danville, KY | $677,636,297 | $215,283,093 |
Ohio Wesleyan University Delaware, OH | $522,945,081 | $119,149,215 |
Trine University Inc Angola, IN | $221,741,150 | $121,889,140 |
Kalamazoo College Kalamazoo, MI | $383,146,506 | $96,754,584 |
Saint Marys College Notre Dame, IN | $523,384,557 | $143,002,673 |
Lebanon Valley College Annville, PA | $214,348,628 | $104,612,783 |
Taylor University Upland, IN | $297,240,119 | $122,251,609 |
Seton Hill University Greensburg, PA | $189,465,294 | $99,847,300 |
Wittenberg College Board Of Directors Springfield, OH | $198,135,859 | $89,178,248 |
Juniata College Huntingdon, PA | $246,892,473 | $100,031,718 |