Notre Dame College
- Assets
- $40.2m
- Revenue
- $46.5m
- Investments
- $0.0
- Employees
- 730
- Location
- South Euclid, OH
- Founding
- 07/1942
- Data as of
- 06/2022
- 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 06/2022, Notre Dame College employed 730 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 06/2022, Notre Dame College generated $46.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $47.3m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 7 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
2022
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 |
|---|---|---|---|
Sr Margaret Gorman Snd Provincial Superior/trustee | Trustee | 1 | $0 |
Terri Eason Board Chair | Trustee | 1 | $0 |
Geoffrey Ritts Vice Chair | Trustee | 1 | $0 |
Gino Scipione Vice Chair | Trustee | 1 | $0 |
Daniel Clark Trustee | Trustee | 1 | $0 |
Sanjiv Kapur Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Normandy Catering Inc Food Service | 6/29/22 | $2,142,087 |
Wiley Education Services Online Course Mgmt. | 6/29/22 | $1,090,767 |
Adventures In Automation I.t. Services | 6/29/22 | $514,801 |
All For You Janitorial Inc Cleaning Services | 6/29/22 | $457,580 |
Jenzabar Inc Software Services | 6/29/22 | $420,855 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $42,341 |
| Related organizations | $0 |
| Government grants | $5,534,351 |
| All other contributions, gifts, grants, and similar amounts not included above | $685,813 |
| Noncash contributions included in lines 1a–1f | $10,460 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,262,505 |
| Total Program Service Revenue | $38,733,558 |
| Investment income | $347,232 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $60,748 |
| Net Gain/Loss on Asset Sales | $803,812 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $46,493,586 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $20,444,591 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $401,137 |
| Compensation of current officers, directors, key employees. | $84,926 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,572,124 |
| Pension plan accruals and contributions | $49,904 |
| Other employee benefits | $854,264 |
| Payroll taxes | $775,421 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $282,777 |
| Fees for services: Accounting | $56,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $61,720 |
| Fees for services: Other | $249,473 |
| Advertising and promotion | $121,293 |
| Office expenses | $1,110,794 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,404,714 |
| Travel | $692,747 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $150,511 |
| Interest | $1,021,847 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,737,117 |
| Insurance | $339,897 |
| All other expenses | $2,426,857 |
| Total functional expenses | $47,316,975 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $872,671 |
| Savings and temporary cash investments | $49,724 |
| Pledges and grants receivable | $801,512 |
| Accounts receivable, net | $4,308,297 |
| 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 | $436,262 |
| Net Land, buildings, and equipment | $24,052,378 |
| Investments—publicly traded securities | $9,263,818 |
| Investments—other securities | $0 |
| Investments—program-related | $320,668 |
| Intangible assets | $0 |
| Other assets | $64,549 |
| Total assets | $40,169,879 |
| Accounts payable and accrued expenses | $900,165 |
| Grants payable | $0 |
| Deferred revenue | $568,368 |
| Tax-exempt bond liabilities | $14,893,332 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $46,977 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,648,819 |
| Total liabilities | $19,057,661 |
| Net assets without donor restrictions | $10,570,032 |
| Net assets with donor restrictions | $10,542,186 |
| 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 | $40,169,879 |