Mount Marty University
- Assets
- $70.7m
- Revenue
- $32.0m
- Investments
- $519.5k
- Employees
- 529
- Location
- Yankton, SD
- Founding
- 03/1946
- Data as of
- 06/2022
- EIN
- 46-0283336
Organization Overview
Mount Marty University is located in Yankton, SD. The organization was established in 1946. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2023, Mount Marty University employed 529 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Mount Marty 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 06/2022, Mount Marty University generated $32.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $30.4m during the year ending 06/2022. While expenses have increased by 6.7% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE INSTITUTION IS A PRIVATE, CATHOLIC UNIVERSITY OF HIGHER LEARNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING EDUCATIONAL SERVICES TO APPROXIMATELY 1,373 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Jim Fitzgerald Chair | OfficerTrustee | 2.5 | $0 |
Mr Rob Stephenson Vice Chair | OfficerTrustee | 2.5 | $0 |
Mr Denis Fokken Treasurer | OfficerTrustee | 2.5 | $0 |
S Mary Jo Polak Secretary | OfficerTrustee | 2.5 | $0 |
Dr J Lee Johnson Director | Trustee | 1.3 | $0 |
Dr Lori Hansen Director From 01/23 | Trustee | 1.3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aladdin Food Management Services Llc Food Service | 6/29/23 | $1,014,047 |
Welfl Construction Corp Construction | 6/29/23 | $728,860 |
Anthology Software | 6/29/23 | $381,486 |
Fresh Produce Marketing | 6/29/23 | $242,846 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,005 |
| Related organizations | $1,016,000 |
| Government grants | $2,683,056 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,419,152 |
| Noncash contributions included in lines 1a–1f | $48,292 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,119,213 |
| Total Program Service Revenue | $21,783,504 |
| Investment income | $29,783 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $64,038 |
| Net Gain/Loss on Asset Sales | $1,803,170 |
| Net Income from Fundraising Events | $24,434 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,131,306 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,955,448 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $10,391,459 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $390,254 |
| Compensation of current officers, directors, key employees. | $390,254 |
| Compensation to disqualified persons | $73,365 |
| Other salaries and wages | $8,487,047 |
| Pension plan accruals and contributions | $295,495 |
| Other employee benefits | $861,535 |
| Payroll taxes | $604,191 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $126,336 |
| Fees for services: Accounting | $31,564 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $80,090 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $249,816 |
| Advertising and promotion | $128,517 |
| Office expenses | $471,521 |
| Information technology | $430,026 |
| Royalties | $0 |
| Occupancy | $377,357 |
| Travel | $572,389 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,005,925 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,639,865 |
| Insurance | $287,110 |
| All other expenses | $185,426 |
| Total functional expenses | $30,365,570 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,437,019 |
| Pledges and grants receivable | $1,650,440 |
| Accounts receivable, net | $972,289 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $855,962 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,026,866 |
| Net Land, buildings, and equipment | $31,121,668 |
| Investments—publicly traded securities | $31,035,117 |
| Investments—other securities | $519,492 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $91,652 |
| Total assets | $70,710,505 |
| Accounts payable and accrued expenses | $835,057 |
| Grants payable | $0 |
| Deferred revenue | $1,143,428 |
| Tax-exempt bond liabilities | $13,407,143 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,401,270 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,786,238 |
| Total liabilities | $27,573,136 |
| Net assets without donor restrictions | $10,327,018 |
| Net assets with donor restrictions | $32,810,351 |
| 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 | $70,710,505 |