Walsh College Of Accountancy And Business Administration
- Assets
- $67.2m
- Revenue
- $24.6m
- Investments
- $4.1m
- Employees
- 306
- Location
- Troy, MI
- Founding
- 11/1949
- Data as of
- 08/2020
- EIN
- 38-1308480
Organization Overview
Walsh College Of Accountancy And Business Administration is located in Troy, MI. The organization was established in 1949. As of 08/2021, Walsh College Of Accountancy And Business Administration employed 306 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Walsh College Of Accountancy And Business Administration 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 08/2020, Walsh College Of Accountancy And Business Administration generated $24.6m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $28.6m during the year ending 08/2020. As we would expect to see with falling revenues, expenses have declined by (1.3%) 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
WALSH COLLEGE PROVIDES A TRANSFORMATIVE BUSINESS EDUCATION THAT COMBINES (CONTINUED ON SCH O) THEORY, APPLICATION, AND PROFESSIONAL EXPERIENCE TO PREPARE GRADUATES FOR SUCCESSFUL CAREERS. PROGRAMS INCLUDE HANDS-ON CURRICULUM DELIVERED IN SMALL CLASS SETTINGS, BOTH ON GROUND AND VIRTUALLY, SYNCHRONOUS AND ASYNCHRONOUS, BY ACADEMIC FACULTY WITH REAL-WORLD EXPERIENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WALSH PROVIDES A TRANSFORMATIVE BUSINESS EDUCATION THAT COMBINES THEORY, APPLICATION, AND PROFESSIONAL EXPERIENCE TO PREPARE GRADUATES FOR SUCCESSFUL CAREERS. PROGRAMS INCLUDE HANDS-ON CURRICULUM DELIVERED IN SMALL CLASS SETTINGS, BOTH ONGROUND AND VIRTUALLY, SYNCHRONOUS AND ASYNCHRONOUS, BY ACADEMIC FACULTY WITH REAL-WORLD EXPERIENCES. MORE THAN 2,400 STUDENTS WERE ENROLLED FOR FY 2020-2021.
STUDENT SERVICESWALSH PROVIDES STUDENTS A STRONG NETWORK OF SUPPORT INCLUDING ADMISSIONS AND ACADEMIC ADVISING, FINANCIAL AID, VETERAN SERVICES, STUDENT LIFE, ACADEMIC TUTORING, AND CAREER SERVICES. SUPPORT BEGINS WITH ADMISSIONS ADVISORS AT THE FIRST ADMISSIONS INQUIRY AND CONTINUES BEYOND GRADUATION WITH OUR EXTENSIVE RANGE OF CAREER SERVICES.
SCHOLARSHIPSA VARIETY OF SCHOLARSHIPS ARE AVAILABLE TO INCOMING UNDERGRADUATE AND GRADUATE STUDENTS AND INCLUDE ACADEMIC AWARDS, COMMUNITY COLLEGE EXCELLENCE AWARDS, AND MULTICULTURAL AWARDS.
OTHER PROGRAM SERVICESTHE WALSH LIBRARY COLLECTION CONSISTS OF APPROXIMATELY 26,000 VOLUMES TOTALLY FOCUSED TO SUPPORT THE BUSINESS PROGRAMS OFFERED AT WALSH. IN ADDITION, THERE ARE OVER 645,000 E-BOOKS AND 123 ONLINE DATABASES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Levens President And CEO | Officer | 39 | $282,015 |
Michael Rinkus Faculty & Exec VP & Cao (part Year) | Officer | 40 | $242,912 |
Dave Schippers Faculty | 40 | $231,555 | |
Helen Kieba-Tolksdorf Vp, CFO And Treasurer | Officer | 39 | $227,595 |
Susan Foley Vp, Chief Advancement Officer | Officer | 39 | $208,130 |
Elizabeth Barnes Vp, Chief Hr Officer | Officer | 40 | $193,038 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Caretech It Systems Support | 8/30/21 | $1,995,203 |
Media Genesis Inc Marketing | 8/30/21 | $821,949 |
Soul Motor Co Marketing | 8/30/21 | $571,143 |
Eab Global Inc Enrollment Services | 8/30/21 | $175,274 |
Trace3 Llc Information Technology | 8/30/21 | $169,190 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,268,118 |
| Investment income | $420,812 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $296,993 |
| Net Gain/Loss on Asset Sales | $85,389 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,591,069 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $1,118,950 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,784,272 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,469,555 |
| Pension plan accruals and contributions | $135,601 |
| Other employee benefits | $2,685,713 |
| Payroll taxes | $944,394 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $207,503 |
| Fees for services: Accounting | $238,141 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,153,453 |
| Advertising and promotion | $1,048,098 |
| Office expenses | $384,399 |
| Information technology | $1,927,936 |
| Royalties | $0 |
| Occupancy | $1,997,610 |
| Travel | $255,504 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $49,461 |
| Interest | $245,478 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,817,451 |
| Insurance | $188,585 |
| All other expenses | $0 |
| Total functional expenses | $28,595,162 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,403,411 |
| Savings and temporary cash investments | $1,480,344 |
| Pledges and grants receivable | $208,698 |
| Accounts receivable, net | $283,404 |
| 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 | $814,922 |
| Investments—publicly traded securities | $24,618,323 |
| Investments—other securities | $4,094,439 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $67,204,250 |
| Accounts payable and accrued expenses | $921,594 |
| Grants payable | $0 |
| Deferred revenue | $430,144 |
| Tax-exempt bond liabilities | $12,419,532 |
| 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 | $2,755,000 |
| Other liabilities | $6,270,908 |
| Total liabilities | $22,797,178 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $44,407,072 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Walsh College Of Accountancy And Business Administration has recieved totaling $25,679.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $20,133 |
Deloitte Foundation Stamford, CT PURPOSE: FY'21 MATCHING GIFTS | $5,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $46 |
Endowment Analysis
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|---|---|---|
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University Of The Cumberlands Inc Williamsburg, KY | $474,140,732 | $211,155,067 |
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National-Louis University Wheeling, IL | $128,972,894 | $126,590,535 |
University Of The Sciences In Philadelphia Philadelphia, PA | $394,161,147 | $107,500,197 |
Concordia College Corporation Moorhead, MN | $403,850,675 | $127,833,637 |
Moravian University Bethlehem, PA | $317,733,693 | $123,053,733 |
Franciscan University Of Steubenville Steubenville, OH | $297,369,155 | $157,148,850 |
Luther College Decorah, IA | $330,055,480 | $125,968,312 |