Mount Marty University
- Assets
- $70.7m
- Revenue
- $32.0m
- Investments
- $519.5k
- Employees
- 542
- 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 06/2022, Mount Marty University employed 542 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 1,235 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Marcus Long President | Officer | 40 | $250,655 |
Andrea Roberts Dir. And Asst. Prof.-Anesthesia | 40 | $208,537 | |
Taylor Rehfeldt Asst. Prof.-Nurse Anesthesia | 40 | $179,669 | |
Lukeythia Bastardi Asst. Prof.-Nurse Anesthesia | 40 | $172,117 | |
Larry Dahlen Prof.-Nurse Anesthesia | 40 | $169,229 | |
Brock Smith Asst. Prof.-Nurse Anesthesia | 40 | $164,300 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aladdin Food Management Services Llc Food Service | 6/29/22 | $970,211 |
Anthology Software | 6/29/22 | $598,805 |
Welfl Construction Corp Construction | 6/29/22 | $189,200 |
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 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Mount Marty University has recieved totaling $51,282.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $25,000 |
Nebraska Community Foundation Lincoln, NE PURPOSE: FIELDHOUSE PROJECT | $10,000 |
Eagle Foundation Chaska, MN PURPOSE: TUITION REDUCTION | $5,000 |
Dick Paine Educational Trust Doland, SD PURPOSE: SCHOLARSHIP | $4,500 |
Rolfs Educational Foundation Ltd Milwaukee, WI PURPOSE: SCHOLARSHIPS | $3,750 |
Steinhart Foundation Inc Nebraska City, NE PURPOSE: SCHOLARSHIP | $2,500 |
Endowment Analysis
| Beg. Balance | $34,620,689 |
| Earnings | -$4,073,471 |
| Admin Expense | $115,670 |
| Net Contributions | $1,601,113 |
| Grants | $1,191,137 |
| Ending Balance | $30,841,524 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Concordia College Corporation Moorhead, MN | $403,850,675 | $127,833,637 |
Luther College Decorah, IA | $330,055,480 | $125,968,312 |
College Of St Scholastica Inc Duluth, MN | $228,173,776 | $117,585,202 |
College Of St Benedict Business Off Saint Joseph, MN | $251,991,111 | $110,041,062 |
University Of Northwestern-St Paul St Paul, MN | $144,732,947 | $110,000,439 |
Wartburg College Waverly, IA | $247,960,217 | $101,117,542 |
Coe College Cedar Rapids, IA | $182,564,776 | $91,175,984 |
Augustana University Association Sioux Falls, SD | $281,200,572 | $99,152,573 |
Nebraska Wesleyan University Lincoln, NE | $157,848,451 | $80,524,359 |
Central College Pella, IA | $182,044,293 | $65,374,610 |
Cornell College Mount Vernon, IA | $232,351,142 | $87,743,634 |
Doane University Crete, NE | $228,017,136 | $66,548,317 |