Aquinas College Inc
- Assets
- $134.7m
- Revenue
- $57.9m
- Investments
- $0.0
- Employees
- 914
- Location
- Grand Rapids, MI
- Founding
- 03/1946
- Data as of
- 06/2020
- EIN
- 38-1367080
Organization Overview
Aquinas College Inc is located in Grand Rapids, MI. The organization was established in 1946. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2021, Aquinas College Inc employed 914 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Aquinas College Inc 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 06/2020, Aquinas College Inc generated $57.9m 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 $61.6m during the year ending 06/2020. 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
AQUINAS COLLEGE STRIVES TO BE AMONG THE PREMIER CATHOLIC COLLEGES IN THE MIDWEST RECOGNIZED FOR ITS EXCELLENCE IN PREPARING THE WHOLE PERSON TO LEAD A LIFE OF PURPOSE AND SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AQUINAS COLLEGE SERVES 1,372 UNDERGRADUATE AND 145 GRADUATE STUDENTS THE COLLEGE STRIVES TO PROVIDE A LIBERAL ARTS EDUCATION WITH A GLOBAL PERSPECTIVE, EMPHASIZING CAREER PREPARATION FOCUSED ON LEADERSHIP AND SERVICE TO OTHERS, ROOTED IN THE CATHOLIC DOMINICAN TRADITION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Quinn President | Officer | 40 | $268,620 |
Erin Craig VP For Enrollment Management | 40 | $184,742 | |
Lisa Vandeweert VP For Finance/cfo | Officer | 40 | $157,766 |
Gina Ostergren VP For Advancement | 40 | $134,018 | |
Susan English School Of Education Dean | 40 | $101,400 | |
Marcie Hillary Chair | OfficerTrustee | 0.6 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pioneer General Contractors Construction | 6/29/21 | $696,565 |
Creative Dining Services Dining Services | 6/29/21 | $1,708,714 |
Ellucian Company Lp Information Tech | 6/29/21 | $986,592 |
Presidio Holdings Information Tech | 6/29/21 | $230,591 |
Waybetter Marketing Inc Marketing Campaigns | 6/29/21 | $238,566 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,069,216 |
| Investment income | $1,138,347 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $173,037 |
| Net Gain/Loss on Asset Sales | -$258,668 |
| Net Income from Fundraising Events | -$24,847 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $57,861,871 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $22,252,623 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,219,679 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $454,583 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,565,113 |
| Pension plan accruals and contributions | $351,192 |
| Other employee benefits | $3,436,048 |
| Payroll taxes | $1,120,960 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $169,062 |
| Fees for services: Accounting | $43,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $95,050 |
| Fees for services: Investment Management | $278,409 |
| Fees for services: Other | $2,928,281 |
| Advertising and promotion | $594,726 |
| Office expenses | $229,280 |
| Information technology | $1,533,208 |
| Royalties | $0 |
| Occupancy | $1,699,212 |
| Travel | $2,468,577 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,018,891 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,565,773 |
| Insurance | $280,117 |
| All other expenses | $0 |
| Total functional expenses | $61,599,079 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $630 |
| Savings and temporary cash investments | $4,154,503 |
| Pledges and grants receivable | $4,751,248 |
| Accounts receivable, net | $929,947 |
| 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 | $37,243 |
| Investments—publicly traded securities | $39,767,488 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,075,730 |
| Total assets | $134,653,902 |
| Accounts payable and accrued expenses | $6,150,248 |
| Grants payable | $0 |
| Deferred revenue | $3,851,227 |
| Tax-exempt bond liabilities | $15,886,084 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $13,992,514 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,191,562 |
| Total liabilities | $43,071,635 |
| 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 | $91,582,267 |
Grants Awarded
Over the last fiscal year, Aquinas College Inc has awarded $27,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Allendale, MI PURPOSE: SUPPORT | $7,500 |
Allendale, MI PURPOSE: SUPPORT | $7,500 |
Grand Rapids, MI PURPOSE: SUPPORT | $6,000 |
Grand Rapids, MI PURPOSE: SUPPORT | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Aquinas College Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Oneill Family Foundation Peachtree City, GA PURPOSE: FURTHER PURPOSES OF ORGANIZATION | $5,000 |
Endowment Analysis
| Beg. Balance | $38,432,321 |
| Earnings | $10,420,119 |
| Admin Expense | $903,121 |
| Net Contributions | $1,160,786 |
| Grants | $1,025,200 |
| Ending Balance | $48,084,905 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Franciscan University Of Steubenville Steubenville, OH | $297,369,155 | $157,148,850 |
Carthage College Kenosha, WI | $408,772,143 | $125,157,339 |
University Of Toledo Physicians Clinical Facility Inc Toledo, OH | $66,626,181 | $116,403,876 |
Otterbein University Westerville, OH | $236,973,881 | $106,500,900 |
University Of Evansville Evansville, IN | $383,851,853 | $114,850,213 |
Indiana Institute Of Technology Inc Fort Wayne, IN | $325,851,841 | $108,107,562 |
Andrews Academy Berrien Springs, MI | $217,758,414 | $91,457,423 |
Lawrence Technological University Southfield, MI | $206,424,495 | $77,203,633 |
Walsh University North Canton, OH | $125,540,692 | $81,110,683 |
Northwood University Midland, MI | $206,640,197 | $67,719,695 |
Franklin University Columbus, OH | $146,345,145 | $78,032,450 |
Tiffin University Tiffin, OH | $103,114,679 | $75,037,751 |