St Louis University
- Assets
- $2.8b
- Revenue
- $1.1b
- Investments
- $598.2m
- Employees
- 9,696
- Location
- St Louis, MO
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 43-0654872
Organization Overview
St Louis University is located in St Louis, MO. 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 Louis University employed 9,696 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Louis 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 Louis University generated $1.1b in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $1.1b during the year ending 06/2021. While expenses have increased by 2.2% 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
TO SEEK EXCELLENCE IN TEACHING, RESEARCH, HEALTH CARE, AND SERVICE TO THE COMMUNITY AS GUIDED BY THE SPIRITUAL AND INTELLECTUAL IDEAS OF THE SOCIETY OF JESUS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION AND ACADEMIC SUPPORT - CREDIT AND NON-CREDIT COURSES FOR ACADEMIC, VOCATIONAL, AND TECHNICAL INSTRUCTION, FOR REMEDIAL AND TUTORIAL INSTRUCTION, AND FOR REGULAR, SPECIAL AND EXTENSION SESSIONS. ACTIVITIES IN THIS CATEGORY INCLUDE SUPPORT SERVICES SUCH AS LIBRARIES, EDUCATIONAL MEDIA SERVICES, ACADEMIC COMPUTING SUPPORT, ACADEMIC ADMINISTRATION, ETC. 13,546 STUDENTS ENROLLED FOR 6/30/2022 FISCAL YEAR.
PATIENT CARE - THE UNIVERSITY OPRERATES PHYSICIAN PRACTICES STAFFED BY THE FACULTY OF THE UNIVERSITY'S SCHOOL OF MEDICINE. THE PRACTICES CONSIST OF MORE THAN 500 FACULTY PHYSICIANS, 16 CLINICAL DEPARTMENTS AND 40 LOCATIONS IN MISSOURI AND ILLINOIS. FOR THE 6/30/2022 FISCAL YEAR, THERE WERE 428,387 OUTPATIENT VISITS.
AUXILIARY ENTERPRISES - ACTIVITIES IN THIS CATEGORY EXIST TO FURNISH GOODS OR SERVICES TO STUDENTS, FACULTY OR STAFF. THESE INCLUDE RESIDENCE HALLS, FOOD SERVICES, INTERCOLLEGIATE ATHLETICS, PARKING AND OTHER SUCH SERVICES. CAMPUS RESIDENTS TOTALED 3,801 FOR THE 2021 FALL SEMESTER AND 3,601 FOR THE 2022 SPRING SEMESTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fred P Pestello President | OfficerTrustee | 40 | $813,928 |
Akberet Boykin Farr Trustee | Trustee | 10 | $0 |
Anne Gagen Trustee | Trustee | 10 | $0 |
Chang-Soo Huh Trustee | Trustee | 10 | $0 |
Darryl T Jones Trustee | Trustee | 10 | $0 |
Edward Ignaczak Trustee | Trustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aetna Student Health Agency Health Care Admin | 6/29/22 | $12,477,684 |
Sodexo Operations Llc Food Service | 6/29/22 | $11,027,799 |
Hogan Lovells Us Llp Legal Services | 6/29/22 | $4,147,470 |
Medicus Anesthesia Services Llc Physician Contract | 6/29/22 | $3,224,609 |
Pricewaterhousecoopers Llp Audit Services | 6/29/22 | $2,719,104 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $80,838,151 |
| Investment income | $43,690,953 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,308,226 |
| Net Gain/Loss on Asset Sales | $80,592,962 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,132,791,738 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $229,325,772 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $5,238,481 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $466,248,534 |
| Pension plan accruals and contributions | $29,589,482 |
| Other employee benefits | $5,884,768 |
| Payroll taxes | $27,434,358 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,196,196 |
| Fees for services: Accounting | $1,381,769 |
| Fees for services: Lobbying | $29,085 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $23,541,613 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,885,263 |
| Office expenses | $32,868,075 |
| Information technology | $12,545,160 |
| Royalties | $0 |
| Occupancy | $16,821,692 |
| Travel | $4,064,552 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $585,761 |
| Interest | $23,839,801 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $48,668,953 |
| Insurance | $16,455,996 |
| All other expenses | $0 |
| Total functional expenses | $1,074,447,674 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,059,469 |
| Savings and temporary cash investments | $28,127,162 |
| Pledges and grants receivable | $63,730,080 |
| Accounts receivable, net | $97,312,949 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $27,887,801 |
| Inventories for sale or use | $1,310,801 |
| Prepaid expenses and deferred charges | $9,410,461 |
| Investments—publicly traded securities | $903,745,362 |
| Investments—other securities | $598,234,165 |
| Investments—program-related | $18,257,941 |
| Intangible assets | $0 |
| Other assets | $237,727,616 |
| Total assets | $2,817,505,000 |
| Accounts payable and accrued expenses | $100,795,515 |
| Grants payable | $0 |
| Deferred revenue | $50,907,873 |
| Tax-exempt bond liabilities | $526,800,188 |
| 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 | $150,860,321 |
| Total liabilities | $829,363,897 |
| 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 | $1,988,141,103 |