St Andrews Presbyterian College
- Assets
- $21.1m
- Revenue
- $17.3m
- Investments
- $6.4m
- Employees
- 350
- Location
- Babson Park, FL
- Founding
- 02/1959
- Data as of
- 05/2023
- EIN
- 56-0530240
Organization Overview
St Andrews Presbyterian College, operating under the name St Andrews University, is located in Babson Park, FL. The organization was established in 1959. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 05/2023, St Andrews University employed 350 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Andrews 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 05/2023, St Andrews University generated $17.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $24.2m during the year ending 05/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE UNIVERSITY'S MISSION IS TO OFFER STUDENTS AN ARRAY OF BUSINESS, LIBERAL ARTS AND SCIENCES, AND AND PRE-PROFESSIONAL PROGRAMS OF STUDY THAT CREATE A LIFE TRANSFORMING EDUCATIONAL OPPORTUNITY WHICH IS PRACTICAL IN ITS APPLICATION, GLOBAL IN SCOPE, AND MULTI-DISCIPLINARY IN ITS GENERAL EDUCATION CORE. STUDENTS WILL ACQUIRE DEPTH OF KNOWLEDGE AND EXPERTISE IN THEIR CHOSEN FIELD OF STUDY, BALANCED BY BREADTH OF KNOWLEDGE ACROSS VARIOUS DISCIPLINES. SPECIAL EMPHASIS IS PLACED ON ENHANCING ORAL AND WRITTEN COMMUNICATION, AND CRITICAL THINKING SKILLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ST. ANDREWS UNIVERSITY IS A FOUR YEAR LIBERAL ARTS COLLEGE THAT ENROLLED 339 STUDENTS (FTE) DURING THE 2021-2022 ACADEMIC YEAR. THE UNIVERSITY OFFERS DAY, NIGHT, AND ONLINE CLASSES FOR AN ARRAY OF PROGRAMS.
ST. ANDREWS UNIVERSITY IS A FOUR YEAR LIBERAL ARTS COLLEGE THAT ENROLLED 339 STUDENTS (FTE) DURING THE 2021-2022 ACADEMIC YEAR. THE UNIVERSITY OFFERS DAY, NIGHT, AND ONLINE CLASSES FOR AN ARRAY OF PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arvid Albanese Trustee | Trustee | 2 | $0 |
Leonel Alvarado Executive Co | Trustee | 2 | $0 |
Sonny Van Arnem Trustee | Trustee | 2 | $0 |
Tip Fowler Trustee | Trustee | 2 | $0 |
Emil Jahna Secretary | OfficerTrustee | 40 | $0 |
Fred Mccoy Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Anderson Architecture Pllc Consulting | 5/30/20 | $105,636 |
Process Mechanical Piping & Erection Hurricane | 5/30/20 | $148,800 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $256,219 |
| All other contributions, gifts, grants, and similar amounts not included above | $556,923 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $813,142 |
| Total Program Service Revenue | $16,452,550 |
| Investment income | $25,510 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,291,202 |
| 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 | $7,808,145 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,567,134 |
| Payroll taxes | $527,179 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $156,978 |
| Fees for services: Accounting | $68,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,470,260 |
| Office expenses | $18,322 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,009,117 |
| Travel | $161,130 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,913 |
| Interest | $257,532 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,027,692 |
| Insurance | $211,622 |
| All other expenses | $1,115,659 |
| Total functional expenses | $24,199,776 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $142,118 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,600 |
| Accounts receivable, net | $1,873,108 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $26,183 |
| Prepaid expenses and deferred charges | $1,620,392 |
| Net Land, buildings, and equipment | $9,118,865 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $6,436,229 |
| Investments—program-related | $1,869,655 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $21,089,150 |
| Accounts payable and accrued expenses | $15,003,945 |
| Grants payable | $0 |
| Deferred revenue | $370,734 |
| 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 | $5,606,761 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,759,301 |
| Total liabilities | $22,740,741 |
| Net assets without donor restrictions | -$7,426,153 |
| Net assets with donor restrictions | $5,774,562 |
| 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 | $21,089,150 |