St Ambrose University
- Assets
- $330.6m
- Revenue
- $111.5m
- Investments
- $23.4m
- Employees
- 1,492
- Location
- Davenport, IA
- Founding
- 03/1946
- Data as of
- 06/2020
- EIN
- 42-0703280
Organization Overview
St Ambrose University is located in Davenport, IA. 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, St Ambrose University employed 1,492 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. St Ambrose University 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, St Ambrose University generated $111.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $103.6m during the year ending 06/2020. While expenses have increased by 0.7% 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
ST AMBROSE UNIVERSITY - INDEPENDENT, DIOCESAN AND CATHOLIC - ENABLES ITS STUDENTS TO DEVELOP INTELLECTUALLY, SPIRITUALLY, ETHICALLY, SOCIALLY, ARTISTICALLY AND PHYSICALLY TO ENRICH THEIR OWN LIVES AND THE LIVES OF OTHERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION: THE UNIVERSITY'S UNDERGRADUATE AND GRADUATE PROGRAMS ARE MADE UP OF THREE COLLEGES: ARTS AND SCIENCES, BUSINESS AND HEALTH & HUMAN SERVICES. NINE BACHELORS (62 MAJORS), TWELVE MASTERS AND THREE DOCTORAL DEGREES ARE OFFERED. THE UNIVERSITY OFFERS A FALL AND SPRING SEMESTER, PLUS WINTER INTERIM AND SUMMER SESSIONS.
STUDENT AID & SCHOLARSHIPS: ST. AMBROSE UNIVERSITY SERVES STUDENTS BY PROVIDING SCHOLARSHIPS AND GRANTS FUNDED BY FEDERAL, STATE, UNIVERSITY AND PRIVATE SOURCES.
STUDENT SERVICES: ST. AMBROSE SERVES THE STUDENT COMMUNITY BY PROVIDING FINANCIAL AID ASSISTANCE, REGISTRATION, ADMISSIONS, COUNSELING, RESIDENCE LIFE, CAREER DEVELOPMENT, CAMPUS RECREATION, INTERCOLLEGIATE ATHLETICS AND OTHER PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Paul Koch VP Academic & Student Affairs | Officer | 40 | $249,951 |
Michael C Poster VP Finance/board Asst Sec/treasurer | Officer | 40 | $225,913 |
James Stangle VP Advancement | Officer | 40 | $199,739 |
Dr James Loftus Fmr VP Enroll Mgmt (until 2/11/2021) | 40 | $181,398 | |
Maritza Espina Dean College Of Business | 40 | $169,582 | |
Dr Sandra Cassady VP Strategic Initiatives | Officer | 40 | $169,113 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Campus Services Food Services | 6/29/22 | $6,618,414 |
Bush Construction Construction | 6/29/22 | $6,117,313 |
Wiley Edu Llc Consultants | 6/29/22 | $878,960 |
Eab Global Inc Consultants | 6/29/22 | $788,739 |
Ellucian Company Lp Software Provider | 6/29/22 | $735,155 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,081,824 |
| Investment income | $5,967,186 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $45,017 |
| Net Gain/Loss on Asset Sales | $1,984,702 |
| Net Income from Fundraising Events | $33,006 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $111,513,726 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $35,894,079 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,405,222 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $30,834,962 |
| Pension plan accruals and contributions | $1,640,661 |
| Other employee benefits | $3,571,552 |
| Payroll taxes | $2,199,201 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $81,069 |
| Fees for services: Accounting | $94,330 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $419,997 |
| Fees for services: Other | $3,662,693 |
| Advertising and promotion | $1,264,822 |
| Office expenses | $975,457 |
| Information technology | $1,097,809 |
| Royalties | $0 |
| Occupancy | $2,143,752 |
| Travel | $847,660 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,093 |
| Interest | $2,246,989 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,876,920 |
| Insurance | $531,659 |
| All other expenses | $0 |
| Total functional expenses | $103,581,494 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,445,459 |
| Savings and temporary cash investments | $7,162,355 |
| Pledges and grants receivable | $3,544,891 |
| Accounts receivable, net | $1,928,013 |
| 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 | $922,991 |
| Investments—publicly traded securities | $150,283,964 |
| Investments—other securities | $23,392,067 |
| Investments—program-related | $868,855 |
| Intangible assets | $0 |
| Other assets | $21,077 |
| Total assets | $330,550,712 |
| Accounts payable and accrued expenses | $12,052,835 |
| Grants payable | $0 |
| Deferred revenue | $3,819,532 |
| Tax-exempt bond liabilities | $54,621,492 |
| 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 | $0 |
| Other liabilities | $21,904,262 |
| Total liabilities | $92,398,121 |
| 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 | $238,152,591 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that St Ambrose University has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Marie H Bechtel Charitable Trust Davenport, IA PURPOSE: SCHOLARSHIPS | $15,000 |
Chapels Of Colorado Colorado Springs, CO PURPOSE: GENERAL PURPOSES | $5,000 |
Endowment Analysis
| Beg. Balance | $211,916,395 |
| Earnings | -$17,001,497 |
| Admin Expense | $2,009,357 |
| Net Contributions | $2,125,685 |
| Other Expense | $223,100 |
| Grants | $760,817 |
| Ending Balance | $194,047,309 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Depaul University Chicago, IL | $1,757,707,866 | $903,291,560 |
Loyola University Of Chicago Chicago, IL | $2,523,912,579 | $813,555,821 |
Marquette University Milwaukee, WI | $1,675,810,000 | $679,500,550 |
Creighton University Omaha, NE | $1,698,187,785 | $655,089,786 |
University Of St Thomas St Paul, MN | $1,542,547,921 | $470,760,335 |
Illinois Institute Of Technology Chicago, IL | $730,458,628 | $396,565,185 |
Drake University Des Moines, IA | $538,166,489 | $252,974,293 |
Bradley University Peoria, IL | $712,945,458 | $238,646,085 |
Webster University St Louis, MO | $393,134,797 | $161,315,329 |
Maryville University Of St Louis St Louis, MO | $289,038,391 | $183,271,161 |
Roosevelt University Chicago, IL | $461,911,353 | $160,424,797 |
Lindenwood College St Charles, MO | $462,352,916 | $128,444,522 |