Assumption College For Sisters
- Assets
- $2.1m
- Revenue
- $884.8k
- Investments
- $1.5m
- Employees
- 3
- Location
- Denville, NJ
- Founding
- Data as of
- 06/2023
- EIN
- 52-1318258
Organization Overview
Assumption College For Sisters is located in Denville, NJ. According to its NTEE Classification (O30) the organization is classified as: Adult & Child Matching Programs, under the broad grouping of Youth Development and related organizations. As of 06/2023, Assumption College For Sisters employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Assumption College For Sisters is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE WOMEN CALLED TO A LIFE OF CONSECRATION TO GOD AND OF SERVICE THE ROMAN CATHOLIC CHURCH BY PROVIDING VARIOUS EDUCATIONAL COURSES
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A COLLEGE FOR HIGHER EDUCATION FOR RELIGIOUS SISTERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sister Joann Marie Aumand Member | Trustee | 0 | $0 |
Christopher Draeger Member | Trustee | 0 | $0 |
Lorine Takaruzza Member | Trustee | 0 | $0 |
Timothy Duffy ESQ Member | Trustee | 0 | $0 |
Elaine Thornberry Member | Trustee | 0 | $0 |
Rev Martin Glynn Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $460,814 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $358,350 |
| Noncash contributions included in lines 1a–1f | $211,110 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $819,164 |
| Total Program Service Revenue | $36,550 |
| Investment income | $96,934 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$68,050 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $884,759 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $345,581 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,932 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,345 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,136 |
| Information technology | $10,435 |
| Royalties | $0 |
| Occupancy | $133,144 |
| Travel | $1,718 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,279 |
| Insurance | $15,453 |
| All other expenses | $5,298 |
| Total functional expenses | $693,535 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $320,095 |
| Savings and temporary cash investments | $113,195 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,971 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $40,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $119,936 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,497,197 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,092,394 |
| Accounts payable and accrued expenses | $12,665 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| 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 | $0 |
| Total liabilities | $12,665 |
| Net assets without donor restrictions | $478,957 |
| Net assets with donor restrictions | $1,600,772 |
| 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 | $2,092,394 |