Mount Mary University Inc is located in Milwaukee, WI. 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 06/2022, Mount Mary University Inc employed 672 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Mount Mary University 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 06/2022, Mount Mary University Inc generated $43.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $39.3m during the year ending 06/2022. While expenses have increased by 3.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
MOUNT MARY UNIVERSITY, INC. AN URBAN CATHOLIC UNIVERSITY FOR WOMEN, SPONSORED BY THE SCHOOL SISTERS OF NOTRE DAME, PROVIDES AN ENVIRONMENT FOR THE DEVELOPMENT OF THE WHOLE PERSON. THE UNIVERSITY ENCOURAGES LEADERSHIP, INTEGRITY, AND A DEEP SENSE OF SOCIAL JUSTICE ARISING FROM A SENSITIVITY TO MORAL VALUES AND CHRISTIAN PRINCIPLES.MOUNT MARY COMMITS ITSELF TO EXCELLENCE IN TEACHING AND LEARNING WITH AN EMPHASIS ON THINKING CRITICALLY AND CREATIVELY. THE BACCALAUREATE CURRICULUM INTEGRATES THE LIBERAL ARTS WITH CAREER PREPARATION FOR WOMEN OF DIVERSE AGES AND PERSONAL CIRCUMSTANCES; THE PROGRAMS AT THE GRADUATE LEVEL PROVIDE OPPORTUNITIES FOR BOTH MEN AND WOMEN TO ENHANCE THEIR PROFESSIONAL EXCELLENCE.
Describe the Organization's Program Activity:
MOUNT MARY UNIVERSITY HAD APPROXIMATELY 725 UNDERGRADUATE (586 DEGREE SEEKING, 139 NON-DEGREE SEEKING) AND 637 GRADUATE STUDENTS ENROLLED FOR THE FISCAL YEAR ENDING JUNE 30, 2022. DURING THIS PERIOD, 119 BACHELORS DEGREES AND 8 POST BACCALAUREATE CERTIFICATES, 9 DOCTORAL, AND 190 MASTER DEGREES WERE AWARDED TO STUDENTS.
THE UNIVERSITY SERVICES APPROXIMATELY 1330 STUDENTS WITH FINANCIAL AID, LEARNING SERVICES, STUDENT ENGAGEMENT, CAMPUS MINISTRY, STUDENT ADVISING, FITNESS CENTER, INTERNATIONAL CENTER FOR STUDENTS, CAREER DEVELOPMENT, COUNSELING CENTER, REGISTRAR, RESIDENCE LIFE, STUDENT SUCCESS AND ATHLETIC TEAMS, FOR SUPPORT OF THE WHOLE STUDENT.
AUXILIARY ENTERPRISES SERVICES STUDENTS WITH CONTRACTED SERVICES FOR FOOD SERVICE, THE BOOK STORE AND IN-HOUSE FUNCTIONS FOR DORMITORIES. FALL 2021 RESIDENCY WAS 190 STUDENTS AND SPRING 2022 RESIDENCY WAS 164 STUDENTS.
ALL OTHER PROGRAM SERVICES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Christine Pharr President (term. 06/2022) | OfficerTrustee | 50 | $298,935 |
Robert O'keefe Vice President | Officer | 50 | $157,621 |
Karen Friedlen Vice President | Officer | 50 | $147,923 |
Pam Owens Vice President | Officer | 50 | $134,301 |
David Wegener Vice President | Officer | 50 | $133,466 |
Keri Alioto Vice President | Officer | 50 | $133,000 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Collegis Llc Strategic Initiative Research Services | 6/29/22 | $249,999 |
American Food And Vending Catering And Food Services | 6/29/22 | $778,096 |
Psab Enterprises Inc Cleaning Service | 6/29/22 | $303,682 |
Hunzinger Construction Company Construction Contract | 6/29/22 | $228,989 |
Cdw Government Technology/computer Equipment/software/p | 6/29/22 | $215,734 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $2,770,641 |
All other contributions, gifts, grants, and similar amounts not included above | $5,459,848 |
Noncash contributions included in lines 1a–1f | $24,253 |
Total Revenue from Contributions, Gifts, Grants & Similar | $8,230,489 |
Total Program Service Revenue | $30,677,172 |
Investment income | $2,626,408 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $39,402 |
Net Gain/Loss on Asset Sales | $1,120,583 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $43,016,464 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $12,002,391 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $1,925,147 |
Compensation of current officers, directors, key employees. | $880,128 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $10,514,609 |
Pension plan accruals and contributions | $232,250 |
Other employee benefits | $2,086,801 |
Payroll taxes | $893,997 |
Fees for services: Management | $471,755 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $96,687 |
Fees for services: Other | $0 |
Advertising and promotion | $726,659 |
Office expenses | $3,666,722 |
Information technology | $513,061 |
Royalties | $0 |
Occupancy | $2,448,285 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $227,673 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,742,159 |
Insurance | $407,725 |
All other expenses | $0 |
Total functional expenses | $39,256,407 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $3,806,321 |
Savings and temporary cash investments | $1,000,957 |
Pledges and grants receivable | $4,949,347 |
Accounts receivable, net | $499,552 |
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 | $564,934 |
Net Land, buildings, and equipment | $26,604,197 |
Investments—publicly traded securities | $38,970,101 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $89,000 |
Total assets | $76,484,409 |
Accounts payable and accrued expenses | $1,756,057 |
Grants payable | $0 |
Deferred revenue | $853,204 |
Tax-exempt bond liabilities | $7,750,036 |
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 | $1,000,000 |
Other liabilities | $64,719 |
Total liabilities | $11,424,016 |
Net assets without donor restrictions | $30,300,473 |
Net assets with donor restrictions | $34,759,920 |
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 | $76,484,409 |
Over the last fiscal year, we have identified 3 grants that Mount Mary University Inc has recieved totaling $7,600.
Awarding Organization | Amount |
---|---|
James E And John A Keyes Foundation Inc Elm Grove, WI PURPOSE: GENERAL SUPPORT | $5,000 |
Claire L Rolfs Foundation Inc Portland, OR PURPOSE: GENERAL | $2,500 |
Mcarthur Kuhns Foundation Inc Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $100 |
Beg. Balance | $28,920,096 |
Earnings | -$4,720,246 |
Net Contributions | $2,468,717 |
Grants | $1,115,000 |
Ending Balance | $25,553,567 |
Organization Name | Assets | Revenue |
---|---|---|
National-Louis University Wheeling, IL | $128,972,894 | $126,590,535 |
Carthage College Kenosha, WI | $408,772,143 | $125,157,339 |
Saint Xavier University Chicago, IL | $126,945,077 | $117,823,501 |
Saint Johns University Collegeville, MN | $539,721,260 | $137,542,573 |
Trustees Of The Hamline University Of Minnesota St Paul, MN | $258,196,075 | $118,390,066 |
Dominican University River Forest, IL | $154,609,403 | $111,703,155 |
St Ambrose University Davenport, IA | $330,550,712 | $111,513,726 |
St Marys University Of Minnesota Winona, MN | $202,355,583 | $108,114,364 |
Benedictine University Lisle, IL | $178,325,344 | $99,425,882 |
University Of Dubuque Dubuque, IA | $403,203,443 | $110,402,473 |
Concordia University Chicago River Forest, IL | $86,542,696 | $102,736,797 |
Concordia University St Paul St Paul, MN | $168,274,815 | $110,114,191 |