University Of St Thomas
- Assets
- $1.5b
- Revenue
- $470.8m
- Investments
- $330.0m
- Employees
- 5,320
- Location
- St Paul, MN
- Founding
- 03/1942
- Data as of
- 06/2021
- EIN
- 41-0693970
Organization Overview
University Of St Thomas is located in St Paul, MN. The organization was established in 1942. 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, University Of St Thomas employed 5,320 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of St Thomas 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 06/2021, University Of St Thomas generated $470.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $418.7m during the year ending 06/2021. While expenses have increased by 1.9% 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.
Since 2015, University Of St Thomas has awarded 42 individual grants totaling $1,742,693. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
INSPIRED BY CATHOLIC INTELLECTUAL TRADITION, THE UNIVERSITY OF ST. THOMAS EDUCATES STUDENTS TO BE MORALLY RESPONSIBLE LEADERS WHO THINK CRITICALLY, ACT WISELY, AND WORK SKILLFULLY TO ADVANCE THE COMMON GOOD.
Describe the Organization's Program Activity:
INSTRUCTION & RESEARCH: DURING THE YEAR, 9,792 STUDENTS WERE ENROLLED AT THE UNIVERSITY OF ST. THOMAS PURSUING ASSOCIATE, UNDERGRADUATE, GRADUATE, DOCTORAL AND LAW DEGREES
STUDENT SERVICES: SERVICES PROVIDED TO STUDENTS INCLUDING ENROLLMENT SERVICES, DEAN OF STUDENTS, REGISTRAR, ATHLETICS, CAREER DEVELOPMENT, PERSONAL COUNSELING, INTERNATIONAL STUDENTS SERVICES, STUDENT CLUBS AND ORGANIZATIONS, AND STUDENT HEALTH SERVICES.
AUXILIARY SERVICES: PROVIDED SERVICES TO THE UNIVERSITY COMMUNITY, INCLUDING FOOD SERVICES, HOUSING, BOOKSTORES AND CONFERENCE SERVICES.
OTHER PROGRAM SERVICES: ACADEMIC SUPPORT PROVIDED TO THE UNIVERSITY COMMUNITY INCLUDING LIBRARY FACILITIES, ACADEMIC ADVISING, AND THE FACULTY DEVELOPMENT CENTER. THE UNIVERSITY PROVIDES PUBLIC SERVICES INCLUDING THE SENIOR CITIZEN CENTER, LOAVES AND FISHES, SERVICE LEARNING, AND VISION TRIPS. THE UNIVERSITY ALSO PROVIDES OTHER PROGRAMS TO FURTHER THEIR EDUCATIONAL PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Opus Holding Llc Construction Services | 6/29/21 | $19,773,667 |
Ryan Companies Construction Services | 6/29/21 | $6,398,177 |
California First National Bank Leasing Services | 6/29/21 | $1,559,910 |
Mcgough Construction Construction Services | 6/29/21 | $1,410,426 |
Us Leasing And Equipment Finance Leasing Services | 6/29/21 | $1,118,172 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $14,277,261 |
| All other contributions, gifts, grants, and similar amounts not included above | $44,910,351 |
| Noncash contributions included in lines 1a–1f | $878,848 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $59,187,612 |
| Total Program Service Revenue | $367,099,648 |
| Investment income | $6,604,967 |
| Tax Exempt Bond Proceeds | $421,101 |
| Royalties | $169,083 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $25,349,576 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $7,150,601 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $470,760,335 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,450 |
| Grants and other assistance to domestic individuals. | $170,137,011 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,069,413 |
| Compensation of current officers, directors, key employees. | $3,408,238 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $133,752,732 |
| Pension plan accruals and contributions | $5,237,001 |
| Other employee benefits | $24,774,255 |
| Payroll taxes | $9,195,644 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $238,436 |
| Fees for services: Accounting | $209,860 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $2,423 |
| Fees for services: Investment Management | $1,570,261 |
| Fees for services: Other | $6,641,276 |
| Advertising and promotion | $2,439,456 |
| Office expenses | $3,746,550 |
| Information technology | $7,162,302 |
| Royalties | $0 |
| Occupancy | $9,950,959 |
| Travel | $1,626,771 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $433,830 |
| Interest | $9,964,409 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,363,076 |
| Insurance | $1,638,829 |
| All other expenses | $2,874,622 |
| Total functional expenses | $418,714,890 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,786,005 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $111,516,898 |
| Accounts receivable, net | $12,108,585 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,214,720 |
| Prepaid expenses and deferred charges | $3,172,155 |
| Net Land, buildings, and equipment | $489,964,397 |
| Investments—publicly traded securities | $580,765,984 |
| Investments—other securities | $330,039,544 |
| Investments—program-related | $2,082,971 |
| Intangible assets | $0 |
| Other assets | $9,896,662 |
| Total assets | $1,542,547,921 |
| Accounts payable and accrued expenses | $33,891,077 |
| Grants payable | $0 |
| Deferred revenue | $5,833,618 |
| Tax-exempt bond liabilities | $236,377,531 |
| Escrow or custodial account liability | $1,208,246 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $42,184,206 |
| Total liabilities | $319,494,678 |
| Net assets without donor restrictions | $539,896,699 |
| Net assets with donor restrictions | $683,156,544 |
| 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 | $1,542,547,921 |
Grants Awarded
Over the last fiscal year, University Of St Thomas has awarded $73,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Minneapolis, MN PURPOSE: GENERAL SUPPORT | $16,000 |
Minneapolis, MN PURPOSE: GENERAL SUPPORT | $16,000 |
St Paul, MN PURPOSE: GENERAL SUPPORT | $10,250 |
St Paul, MN PURPOSE: GENERAL SUPPORT | $10,250 |
St Paul, MN PURPOSE: GENERAL SUPPORT | $10,250 |
St Paul, MN PURPOSE: GENERAL SUPPORT | $10,250 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that University Of St Thomas has recieved totaling $147,503.
| Awarding Organization | Amount |
|---|---|
Annexstad Family Foundation Mound, MN PURPOSE: SCHOLARSHIP | $75,000 |
Dougherty Family Foundation Wayzata, MN PURPOSE: SULLIVAN FAMILY ENDOWED SCHOLARSHIP | $25,000 |
Ken & Betty Dahlberg Foundation Maple Plain, MN PURPOSE: EDUCATIONAL ORGANIZATION | $21,503 |
Haggerty Family Foundation Newport Beach, CA PURPOSE: TO PROVIDE SUPPORT | $15,000 |
Rahr Foundation Shakopee, MN PURPOSE: SCHOLARSHIP | $7,500 |
Mary K And Daniel M Kelly Foundation Des Moines, IA PURPOSE: GENERAL OPERATIONS | $2,500 |
Endowment Analysis
| Beg. Balance | $550,931,157 |
| Earnings | $165,596,839 |
| Net Contributions | $9,677,842 |
| Other Expense | $10,580,368 |
| Grants | $6,636,723 |
| Ending Balance | $708,988,747 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Marquette University Milwaukee, WI | $1,675,810,000 | $679,500,550 |
University Of St Thomas St Paul, MN | $1,542,547,921 | $470,760,335 |
Drake University Des Moines, IA | $538,166,489 | $252,974,293 |
St Catherine University St Paul, MN | $366,048,829 | $154,511,110 |
Carthage College Kenosha, WI | $408,772,143 | $125,157,339 |
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 |
St Ambrose University Davenport, IA | $330,550,712 | $111,513,726 |
St Marys University Of Minnesota Winona, MN | $202,355,583 | $108,114,364 |
University Of Dubuque Dubuque, IA | $403,203,443 | $110,402,473 |
Concordia University St Paul St Paul, MN | $168,274,815 | $110,114,191 |
University Of Mary Bismarck, ND | $217,782,844 | $95,416,601 |