Holy Family College Inc
- Assets
- $7.0m
- Revenue
- $12.3m
- Investments
- $0.0
- Employees
- 357
- Location
- Manitowoc, WI
- Founding
- 03/1946
- Data as of
- 06/2020
- EIN
- 39-0980974
Organization Overview
Holy Family College Inc is located in Manitowoc, 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 06/2019, Holy Family College Inc employed 357 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Holy Family 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, Holy Family College Inc generated $12.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $12.9m during the year ending 06/2020. While expenses have increased by 1.1% per year over the past 6 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING COLLEGE EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTIONAL: INCLUDES ACADEMIC PROGRAMS OF COLLEGE CURRICULUM SERVING OVER 400 STUDENTS PER SEMESTER. PROGRAMS OFFERED INCLUDE MAJORS IN ART, ENGLISH, MATH, MUSIC, SCIENCE, THEOLOGY, PSYCHOLOGY, BUSINESS, NURSING AND EDUCATION AS WELL AS GRAD PROGRAMS IN EDUCATION, MUSIC, AND BUSINESS.
ACADEMIC SUPPORT: FINANCIAL AID, ATHLETICS, ADMISSIONS, SCHEDULING, INTERN PLACEMENT, ACADEMIC ADVISING, PROGRAM COUNSELING, AV AND COMPUTER AID AND INSTRUCTION, STUDENT SERVICES, PUBLIC INFORMATION, STUDY SKILLS HELP, LIBRARY, AND SUPPORT.
AUXILIARY SERVICES: SERVICES PROVIDED FOR STUDENT CONVENIENCE INCLUDING CAFETERIA, BOOKSTORE, PRINT SHOP, AND STUDENT HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandra Isselmann VP Human Resources - Former | 0 | $374,791 | |
Matthew Soucy VP Academic Affairs - Former | 0 | $300,000 | |
Marc Barbeau VP Advancement - Former | 0 | $275,000 | |
Dr Rob Callahan President | OfficerTrustee | 40 | $243,097 |
Tracy Milkowski VP Advancement | 40 | $161,656 | |
Janeen Meifert CFO | Officer | 40 | $159,835 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Inc And Affiliates Food Service | 6/29/19 | $470,877 |
Heartland Business Systems It Services | 6/29/19 | $221,233 |
Waicu Edtech Consor Technology For Jenzabar Platform | 6/29/19 | $166,789 |
Franciscan Sisters Of Holy Family Conven Faculty & Staff Salary & Benefits | 6/29/19 | $246,658 |
Fsccm Sponsored Ministries Assessment To Sponsored Ministries | 6/29/19 | $121,663 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,849,067 |
| Investment income | $967 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $216,521 |
| Net Income from Fundraising Events | $54,860 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,349,410 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $3,782,482 |
| Grants and other assistance to Foreign Orgs/Individuals | $151,150 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $458,688 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,200,836 |
| Pension plan accruals and contributions | $24,029 |
| Other employee benefits | $413,470 |
| Payroll taxes | $319,728 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,058 |
| Fees for services: Accounting | $83,775 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $37,836 |
| Fees for services: Other | $1,126,691 |
| Advertising and promotion | $62,651 |
| Office expenses | $55,812 |
| Information technology | $118,070 |
| Royalties | $0 |
| Occupancy | $378,204 |
| Travel | $129,581 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,750 |
| Interest | $215,562 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $153,316 |
| All other expenses | $612,546 |
| Total functional expenses | $12,857,554 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,200 |
| Savings and temporary cash investments | $428,356 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $6,562,838 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,992,394 |
| Accounts payable and accrued expenses | $893,900 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $2,709,090 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,706,810 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,309,800 |
| Net assets without donor restrictions | -$4,925,972 |
| Net assets with donor restrictions | $5,608,566 |
| 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 | $682,594 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Holy Family College Inc has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $7,080,694 |
| Earnings | $265,964 |
| Net Contributions | $76,760 |
| Grants | $363,415 |
| Ending Balance | $7,060,003 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Graceland University Lamoni, IA | $133,638,779 | $58,033,859 |
Cardinal Stritch University Inc Milwaukee, WI | $44,442,025 | $43,591,088 |
Minneapolis College Of Art & Design Minneapolis, MN | $94,159,332 | $41,322,391 |
William Penn University Oskaloosa, IA | $77,652,968 | $45,471,214 |
Maharishi International University Fairfield, IA | $69,257,233 | $45,057,725 |
Rockford University Rockford, IL | $59,292,959 | $42,582,169 |
Mount Mary University Inc Milwaukee, WI | $76,484,409 | $43,016,464 |
Resurrection University Oak Brook, IL | $73,355,609 | $25,730,186 |
Crown College St Bonifacius, MN | $38,310,652 | $27,885,766 |
Uwm Foundation Inc Milwaukee, WI | $248,807,614 | $23,105,220 |
Wayne State University Detroit, MI | $420,994,306 | $23,111,509 |
Maranatha Baptist University Inc Watertown, WI | $23,775,385 | $19,476,702 |