Mount Saint Marys University
- Assets
- $207.2m
- Revenue
- $149.7m
- Investments
- $11.2m
- Employees
- 1,445
- Location
- Emmitsburg, MD
- Founding
- 03/1946
- Data as of
- 06/2022
- EIN
- 52-0591672
Organization Overview
Mount Saint Marys University is located in Emmitsburg, MD. 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, Mount Saint Marys University employed 1,445 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Mount Saint Marys 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 Saint Marys University generated $149.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $132.9m during the year ending 06/2022. While expenses have increased by 3.7% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MOUNT ST. MARY'S UNIVERSITY, THE SECOND OLDEST CATHOLIC UNIVERSITY IN THE U.S., (SEE SCHEDULE O), OFFERS MORE THAN 60 ACADEMIC MAJORS, MINORS, AND CONCENTRATIONS. GRADUATE PROGRAMS IN BUSINESS, EDUCATION, PHILOSOPHY, THEOLOGY AND DIVINITY ARE ALSO OFFERED ALONG WITH ACCELERATED UNDERGRADUATE PROGRAMS IN BUSINESS AND CRIMINAL JUSTICE. STUDENTS PARTICIPATE IN MORE THAN 70 CLUBS AND HONOR SOCIETIES. STUDENTS ALSO TAKE ADVANTAGE OF THE COMMUNITY SERVICE AND OUTDOOR ADVENTURE PROGRAMS THAT ARE OFFERED BOTH LOCALLY AND ABROAD. IN ADDITION, THE UNIVERSITY HAS 22 VARSITY SPORTS AT THE NCAA DIVISION 1 LEVEL.
Describe the Organization's Program Activity:
INSTRUCTIONAL PROGRAMS FOR 2806 STUDENTS CONSISTING OF 2176 UNDERGRADUATE STUDENTS, 179 GRADUATE STUDENTS IN BUSINESS ADMINISTRATION, 132 GRADUATE STUDENTS IN EDUCATION, 172 GRADUATE STUDENTS IN THEOLOGY, 20 GRADUATE STUDENTS IN HEALTH ADMINISTRATION, 47 GRADUATE STUDENTS IN BIOTECHNOLOGY AND MANAGEMENT, 35 GRADUATE STUDENTS IN SPORTS MANAGEMENT, 3 GRADUATE STUDENTS IN PHILOSOPHICAL STUDIES, 36 GRADUATE STUDENTS IN APPLIED BEHAVIOR ANALYSIS, AND 6 NON-DEGREE SEEKING GRADUATE STUDENTS. THE UNIVERSITY AWARDED A TOTAL OF 656 DEGREES AND CERTIFICATES COMPRISED OF 441 BACHELOR'S DEGREES, 40 POST-BACCALAUREATE CERTIFICATES, 137 MASTER'S DEGREES, AND 38 THEOLOGY MASTER'S DEGREES.
AUXILIARY ENTERPRISES WHICH IS COMPRISED OF ATHLETICS, STUDENT HOUSING, DINING SERVICES, POST OFFICE, VENDING, PHYSICAL PLANT, LAUNDRY AND PUBLIC SAFETY.
STUDENT SERVICES FOR THE ENTIRE STUDENT BODY. THIS INCLUDES COUNSELING/HEALTH CENTER, STUDENT AFFAIRS, AND STUDENT ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gracelyn A Mcdermott Chair Of The Board | OfficerTrustee | 15 | $0 |
Richard P Miller Vice Chair Of The Board | OfficerTrustee | 10 | $0 |
David P Conaghan Secretary | OfficerTrustee | 10 | $0 |
Richard M Folio Treasurer | OfficerTrustee | 10 | $0 |
Koki Adasi Trustee | Trustee | 5 | $0 |
Anthony J Agnone Trustee | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aramark Receivables Llc Food Services | 6/29/22 | $5,539,143 |
Morgan-keller Inc Construction Services | 6/29/22 | $3,268,444 |
Jem Group Llc Construction Services | 6/29/22 | $1,477,500 |
S&w Construction Construction Services | 6/29/22 | $1,087,502 |
Ruffalo Noel Levitz Llc Student Recruitment | 6/29/22 | $1,310,265 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $4,020 |
| Related organizations | $0 |
| Government grants | $19,412,868 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,459,105 |
| Noncash contributions included in lines 1a–1f | $1,864,437 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,875,993 |
| Total Program Service Revenue | $109,580,018 |
| Investment income | $8,255,708 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,927,520 |
| Net Income from Fundraising Events | $37,614 |
| Net Income from Gaming Activities | $23,779 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $149,700,632 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $56,486,798 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,531,185 |
| Compensation of current officers, directors, key employees. | $1,749,673 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $29,016,650 |
| Pension plan accruals and contributions | $1,302,590 |
| Other employee benefits | $4,228,349 |
| Payroll taxes | $2,159,956 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $80,295 |
| Fees for services: Accounting | $104,874 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $101,810 |
| Fees for services: Investment Management | $314,539 |
| Fees for services: Other | $4,552,233 |
| Advertising and promotion | $1,252,140 |
| Office expenses | $1,978,580 |
| Information technology | $1,722,902 |
| Royalties | $0 |
| Occupancy | $1,583,789 |
| Travel | $2,361,345 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $119,356 |
| Interest | $3,125,905 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,177,840 |
| Insurance | $825,104 |
| All other expenses | $0 |
| Total functional expenses | $132,867,404 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,587 |
| Savings and temporary cash investments | $31,172,203 |
| Pledges and grants receivable | $13,511,407 |
| Accounts receivable, net | $1,792,262 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $658,727 |
| Inventories for sale or use | $182,947 |
| Prepaid expenses and deferred charges | $2,340,810 |
| Net Land, buildings, and equipment | $91,761,984 |
| Investments—publicly traded securities | $46,717,392 |
| Investments—other securities | $11,174,844 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,910,501 |
| Total assets | $207,235,664 |
| Accounts payable and accrued expenses | $9,889,814 |
| Grants payable | $0 |
| Deferred revenue | $5,759,730 |
| Tax-exempt bond liabilities | $58,657,610 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,260,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,642,866 |
| Total liabilities | $87,210,020 |
| Net assets without donor restrictions | $46,810,207 |
| Net assets with donor restrictions | $73,215,437 |
| 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 | $207,235,664 |
Grants Awarded
Over the last fiscal year, Mount Saint Marys University has awarded $20,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BISHOP MCDEVITT HIGH SCHOOL PURPOSE: MCDEVITT CAPITAL CAMPAIGN | $10,000 |
ARCHDIOCESE OF BALTIMORE PURPOSE: SILVER SPONSOR - ANNUAL GALA | $10,000 |