Saint Josephs College
- Assets
- $108.0m
- Revenue
- $4.5m
- Investments
- $750.3k
- Employees
- 13
- Location
- Rensselaer, IN
- Founding
- 04/1938
- Data as of
- 06/2022
- EIN
- 35-0868152
Organization Overview
Saint Josephs College is located in Rensselaer, IN. The organization was established in 1938. 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, Saint Josephs College employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Saint Josephs 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, Saint Josephs College generated $4.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (25.9%) each year. All expenses for the organization totaled $1.9m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (35.6%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
WHILE THE COLLEGE SUSPENDED ALL OPERATIONS IN 2017 DUE TO FINANCIAL CHALLENGES, THE COLLEGE HAS RESUMED EDUCATIONAL ASPECTS IN EDUCATIONAL CERTIFICATION PROGRAMS. THE MISSION THAT THE COLLEGE HAS FAITHFULLY UPHELD FOR OVER 100 YEARS OF PROVIDING AN EDUCATION THAT STRIVES TO PREPARE MEN AND WOMEN TO LEAD SUCCESSFUL PROFESSIONAL AND PERSONAL LIVES CONSISTENT WITH THE GOSPEL VALUES CONTINUES TO BE AT THE CORE OF ALL EDUCATIONAL OPPORTUNITIES.
Describe the Organization's Program Activity:
EDUCATIONAL CERTIFICATION PROGRAMS - SAINT JOSEPH'S COLLEGE OPERATES EDUCATIONAL CERTIFICATION PROGRAMS CONSISTING OF THE FOLLOWING PROGRAMS AND COHORTS OF STUDENTS: MEDICAL ASSISTANT (CCMA) COMPLETED 4 COHORTS OF STUDENTS PHLEBOTOMY (CPT) COMPLETED 5 COHORTS OF STUDENTS EKG TECH (CET) COMPLETED 2 COHORTS OF STUDENTS CNA COMPLETED 3 COHORTS OF STUDENTS CPR CERTIFICATIONS = 64 CERTIFICATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Boler Treasurer | OfficerTrustee | 1 | $0 |
Melinda Beier Secretary | OfficerTrustee | 1 | $0 |
Michael Van Eekeren Chairman | OfficerTrustee | 1 | $0 |
Jeffrey Taylor Vice Chairma | OfficerTrustee | 1 | $0 |
FR William O'donnell Cpps Trustee | Trustee | 1 | $0 |
Mark Peres Cpps Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Benchmark Mechanical Hvac | 6/29/21 | $428,073 |
Mj Diedam Painting And Restoration L Restoration | 6/29/21 | $119,166 |
Huth Thompson Llp Accounting | 6/29/21 | $112,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $278,863 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,155,244 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,434,107 |
| Total Program Service Revenue | $125,880 |
| Investment income | $85,115 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,836,085 |
| Net Gain/Loss on Asset Sales | $50,807 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $774 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,537,677 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $22,405 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $411,581 |
| Pension plan accruals and contributions | $11,199 |
| Other employee benefits | $90,502 |
| Payroll taxes | $27,452 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,826 |
| Fees for services: Accounting | $143,040 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $27,605 |
| Fees for services: Other | $230,866 |
| Advertising and promotion | $20,767 |
| Office expenses | $44,392 |
| Information technology | $27,141 |
| Royalties | $0 |
| Occupancy | $669,911 |
| Travel | $3,326 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $55,681 |
| Insurance | $70,300 |
| All other expenses | $634 |
| Total functional expenses | $1,858,628 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,175 |
| Savings and temporary cash investments | $2,263,027 |
| Pledges and grants receivable | $1,278,893 |
| Accounts receivable, net | $232,833 |
| 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 | $91,655 |
| Net Land, buildings, and equipment | $98,763,636 |
| Investments—publicly traded securities | $4,580,059 |
| Investments—other securities | $750,260 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $108,004,538 |
| Accounts payable and accrued expenses | $527,748 |
| Grants payable | $0 |
| Deferred revenue | $1,234,500 |
| 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 | $2,523,044 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $943,428 |
| Total liabilities | $5,228,720 |
| Net assets without donor restrictions | $781,325 |
| Net assets with donor restrictions | $101,994,493 |
| 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 | $108,004,538 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Saint Josephs College has recieved totaling $46.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $46 |
Endowment Analysis
| Beg. Balance | $6,772,920 |
| Earnings | -$1,017,973 |
| Ending Balance | $5,754,947 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Blackburn University Carlinville, IL | $69,417,787 | $20,572,819 |
Caney Creek Community Center Pippa Passes, KY | $136,427,755 | $30,649,937 |
Eureka College Eureka, IL | $56,922,231 | $15,083,076 |
Calumet College Whiting, IN | $23,910,768 | $16,116,296 |
Bellin College Inc Green Bay, WI | $39,042,736 | $15,163,582 |
Cox College Springfield, MO | $0 | $12,064,783 |
East-West University Inc Chicago, IL | $90,912,569 | $10,650,646 |
Central Christian College Of The Bible Moberly, MO | $12,273,355 | $9,994,557 |
Olivet Nazarene University Foundation Bourbonnais, IL | $189,458,744 | $9,125,280 |
Missouri Southern Foundation Joplin, MO | $43,351,164 | $5,846,272 |
Hyles-Anderson College Inc Crown Point, IN | $3,765,954 | $4,346,028 |
Mac Cormac College Inc Chicago, IL | $4,254,974 | $4,421,944 |