St Ambrose University
- Assets
- $378.1m
- Revenue
- $124.4m
- Investments
- $36.1m
- Employees
- 1,491
- Location
- Davenport, IA
- Founding
- 03/1946
- Data as of
- 06/2021
- 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 06/2023, St Ambrose University employed 1,491 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 06/2021, St Ambrose University generated $124.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $104.8m during the year ending 06/2021. While expenses have increased by 0.7% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
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 Amy C Novak President/board Sec/treasurer | OfficerTrustee | 40 | $362,401 |
Bishop Thomas Zinkula Board Member & Chair | OfficerTrustee | 1 | $0 |
Dr Dan Broderick Board Member & Vice Chair | OfficerTrustee | 1 | $0 |
Brian Bassier Board Member | Trustee | 1 | $0 |
John Bear Board Member | Trustee | 1 | $0 |
Tom Berthel Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Campus Services Food Services | 6/29/23 | $4,652,440 |
Estes Construction Llc Construction | 6/29/23 | $2,892,620 |
Wff Facility Services Janitorial Services | 6/29/23 | $1,606,138 |
Ryan & Associates Construction | 6/29/23 | $994,918 |
Eab Global Inc Consultants | 6/29/23 | $953,619 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,843,728 |
| Investment income | $3,551,366 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $35,587 |
| Net Gain/Loss on Asset Sales | $7,622,086 |
| Net Income from Fundraising Events | $27,242 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $124,435,505 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $38,745,747 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,450,413 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $28,739,466 |
| Pension plan accruals and contributions | $1,567,229 |
| Other employee benefits | $2,767,304 |
| Payroll taxes | $2,073,108 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $125,923 |
| Fees for services: Accounting | $154,491 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $434,741 |
| Fees for services: Other | $4,192,707 |
| Advertising and promotion | $1,302,554 |
| Office expenses | $925,381 |
| Information technology | $965,584 |
| Royalties | $0 |
| Occupancy | $2,138,413 |
| Travel | $621,940 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,622 |
| Interest | $2,271,167 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,959,334 |
| Insurance | $599,070 |
| All other expenses | $0 |
| Total functional expenses | $104,786,592 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,941,633 |
| Savings and temporary cash investments | $14,124,345 |
| Pledges and grants receivable | $2,892,535 |
| Accounts receivable, net | $1,889,125 |
| 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 | $1,400,936 |
| Investments—publicly traded securities | $178,207,482 |
| Investments—other securities | $36,148,030 |
| Investments—program-related | $803,600 |
| Intangible assets | $0 |
| Other assets | $21,007 |
| Total assets | $378,130,838 |
| Accounts payable and accrued expenses | $11,581,074 |
| Grants payable | $0 |
| Deferred revenue | $2,261,045 |
| Tax-exempt bond liabilities | $52,767,071 |
| 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 | $16,761,322 |
| Total liabilities | $83,370,512 |
| 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 | $294,760,326 |