Franciscan Missionaries Of Our Lady University
- Assets
- $40.2m
- Revenue
- $34.3m
- Investments
- $8.5m
- Employees
- 302
- Location
- Baton Rouge, LA
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 72-1173156
Organization Overview
Franciscan Missionaries Of Our Lady University is located in Baton Rouge, LA. 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 06/2021, Franciscan Missionaries Of Our Lady University employed 302 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Franciscan Missionaries Of Our Lady 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 06/2021, Franciscan Missionaries Of Our Lady University generated $34.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $26.6m during the year ending 06/2021. While expenses have increased by 3.1% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
UNIVERSITY IS A 4 YEAR PRIVATE CATHOLIC INSTITUTION, OFFERING DEGREES IN NURSING, HEALTH/BEHAVIORAL SCIENCES, & HUMANITIES. THE COLLEGE IS AN INTEGRAL PART OF THE FMOL HEALTH SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FOR THE OPERATION OF A SCHOOL OF NURSING AND ALLIED HEALTH IN ORDER TO ENSURE THE COMMUNITY AND STATE OF LOUISIANA MAINTAINS AN ADEQUATE SUPPLY OF MEDICAL PROFESSIONALS. THE NUMBER OF STUDENTS BENEFITTED ARE 936 DURING THE SPRING, 439 DURING THE SUMMER, AND 1,008 DURING THE FALL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tina Holland PHD President & CEO | OfficerTrustee | 50 | $291,953 |
Edward A Violett VP Academic Affairs | Officer | 40 | $170,730 |
Mandy L Broussard Prog Director Msna Dnp-Na | 40 | $168,662 | |
Amber J Poirrier Instructor Dnp-Na | 40 | $159,975 | |
Amy M Hall Dean Of Nursing | 40 | $150,628 | |
Callie S Dorn Asst Prog Director | 40 | $144,757 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fmol Health System Inc Management Fee | 6/29/21 | $858,762 |
Ellucian Company Lp It Systems | 6/29/21 | $498,073 |
Rockit Science Agency Website Design | 6/29/21 | $356,357 |
Examsoft Worldwide Inc Software And Services | 6/29/21 | $155,170 |
Underscore Branding Llc Student Recruitment Services | 6/29/21 | $136,250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $28,317 |
| Related organizations | $1,989,946 |
| Government grants | $4,908,389 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,338,120 |
| Noncash contributions included in lines 1a–1f | $3,200 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,264,772 |
| Total Program Service Revenue | $24,720,521 |
| Investment income | $82,682 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,200 |
| Net Gain/Loss on Asset Sales | $247,218 |
| Net Income from Fundraising Events | -$10,619 |
| Net Income from Gaming Activities | $9,400 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $34,315,174 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,950 |
| Grants and other assistance to domestic individuals. | $2,399,016 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $856,228 |
| Compensation of current officers, directors, key employees. | $150,004 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,145,579 |
| Pension plan accruals and contributions | $793,019 |
| Other employee benefits | $1,589,385 |
| Payroll taxes | $970,883 |
| Fees for services: Management | $797,250 |
| Fees for services: Legal | $7,373 |
| Fees for services: Accounting | $129,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,401 |
| Fees for services: Other | $1,391,272 |
| Advertising and promotion | $703,509 |
| Office expenses | $1,782,751 |
| Information technology | $93,856 |
| Royalties | $0 |
| Occupancy | $2,073,047 |
| Travel | $79,937 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $44,711 |
| Interest | $1,566 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $489,483 |
| Insurance | $122,885 |
| All other expenses | $0 |
| Total functional expenses | $26,566,689 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,919,912 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,275,661 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $149,633 |
| Net Land, buildings, and equipment | $2,059,735 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $8,517,323 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,324,444 |
| Total assets | $40,246,708 |
| Accounts payable and accrued expenses | $3,888,477 |
| Grants payable | $0 |
| Deferred revenue | $2,109,752 |
| 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 | $48,130 |
| Total liabilities | $6,046,359 |
| Net assets without donor restrictions | $21,482,672 |
| Net assets with donor restrictions | $12,717,677 |
| 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 | $40,246,708 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Franciscan Missionaries Of Our Lady University has recieved totaling $266,000.
| Awarding Organization | Amount |
|---|---|
Lettie Pate Whitehead Foundation Inc Atlanta, GA PURPOSE: For nursing scholarships. | $155,000 |
The Edward L Rispone Family Foundation Baton Rouge, LA PURPOSE: TO PROVIDE FUNDS TO SUPPORT A CHRISTIAN COLLEGE | $110,000 |
Fanny Edith Winn Educational Tr Crowley, LA PURPOSE: UNRESTRICTED | $1,000 |
Endowment Analysis
| Beg. Balance | $7,600,896 |
| Earnings | $1,322,441 |
| Admin Expense | $66,707 |
| Net Contributions | $161,500 |
| Grants | $790,093 |
| Ending Balance | $8,228,037 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mississippi College Clinton, MS | $268,873,931 | $113,425,007 |
Southwestern University Georgetown, TX | $545,443,629 | $120,545,319 |
University Of Dallas Irving, TX | $199,857,473 | $113,303,897 |
Hendrix College Conway, AR | $318,329,586 | $98,419,951 |
Ouachita Baptist University Arkadelphia, AR | $209,281,744 | $71,056,315 |
Wayland Baptist University Plainview, TX | $171,784,780 | $76,328,072 |
John Brown University Siloam Springs, AR | $239,506,733 | $75,339,651 |
Texas Lutheran University Seguin, TX | $175,887,975 | $71,493,316 |
Belhaven University Jackson, MS | $91,182,185 | $83,473,318 |
Schreiner University Kerrville, TX | $168,371,925 | $56,783,840 |
Millsaps College Jackson, MS | $178,487,613 | $50,786,555 |
Lubbock Christian University Lubbock, TX | $106,659,922 | $54,957,813 |