Our Lady Of The Lake University Of San Antonio
- Assets
- $113.2m
- Revenue
- $76.4m
- Investments
- $0.0
- Employees
- 1,139
- Location
- San Antonio, TX
- Founding
- 05/2000
- Data as of
- 05/2021
- EIN
- 74-1109631
Organization Overview
Our Lady Of The Lake University Of San Antonio is located in San Antonio, TX. The organization was established in 2000. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 05/2023, Our Lady Of The Lake University Of San Antonio employed 1,139 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Our Lady Of The Lake University Of San Antonio 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 05/2021, Our Lady Of The Lake University Of San Antonio generated $76.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $78.4m during the year ending 05/2021. While expenses have increased by 1.2% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
AS A CATHOLIC UNIVERSITY SPONSORED BY THE SISTERS OF DIVINE PROVIDENCE, OUR LADY OF THE LAKE UNIVERSITY IS A COMMUNITY COMMITTED TO SERVE STUDENTS BY: (CONTINUED ON SCHEDULE O)
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR LADY OF THE LAKE UNIVERSITY OF SAN ANTONIO (UNIVERSITY) IS A PRIVATE, CATHOLIC, COEDUCATIONAL INSTITUTION OF MORE THAN 2,200 STUDENTS. IT WAS ESTABLISHED IN 1895 BY THE CONGREGATION OF DIVINE PROVIDENCE WHICH CONTINUES AS ITS SPONSORING ORGANIZATION. THE UNIVERSITY OFFERS 50 UNDERGRADUATE MAJORS AND MINORS, 19 MASTER'S PROGRAMS AND 4 DOCTORAL PROGRAMS. IN ADDITION TO DAYTIME, EVENING AND WEEKEND PROGRAMS AT ITS MAIN CAMPUS IN SAN ANTONIO, THE UNIVERSITY OPERATES UNDERGRADUATE, GRADUATE, AND WEEKEND COLLEGES FOR WORKING ADULTS IN HOUSTON AND LA FERIA, TX, WITH DEGREES FROM LIBERAL ARTS TO BUSINESS. THE UNIVERSITY IS ACCREDITED BY THE COMMISSION ON COLLEGES OF THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS TO AWARD BACHELOR'S, MASTER'S AND DOCTORAL DEGREES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane E Melby President 06/01/22 - 7/15/22 | OfficerTrustee | 40 | $257,199 |
Anthony Turrietta Vice President Of Finance | Officer | 40 | $210,429 |
Abel Chavez President 7/15/22 - Present | OfficerTrustee | 40 | $227,850 |
Dr Lourdes Alvarez Provost & VP Academic Affairs | Officer | 40 | $220,299 |
Georgina Schmahl VP Institutional Advancement | 40 | $162,207 | |
Rosalinda Garcia VP Of Administration | 40 | $168,687 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wiley Edu Llc Ed Partner Services | 5/30/23 | $1,968,479 |
Chartwells Dining Services Food Service | 5/30/23 | $1,678,344 |
The Davis Group Inc Advertising & Mktg. | 5/30/23 | $804,479 |
Elucian Company Lp Software & Support | 5/30/23 | $787,291 |
Follett Bookstore Operations | 5/30/23 | $415,630 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,427,304 |
| Investment income | $669,322 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $3,260 |
| Net Rental Income | $61,976 |
| Net Gain/Loss on Asset Sales | $810,935 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $76,356,070 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $21,046,864 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $864,758 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $23,979,083 |
| Pension plan accruals and contributions | $1,603,386 |
| Other employee benefits | $3,454,343 |
| Payroll taxes | $1,959,362 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $186,925 |
| Fees for services: Accounting | $210,664 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $98,000 |
| Fees for services: Other | $1,364,229 |
| Advertising and promotion | $781,542 |
| Office expenses | $647,875 |
| Information technology | $2,100,936 |
| Royalties | $0 |
| Occupancy | $7,006,997 |
| Travel | $206,198 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $59,337 |
| Interest | $813,581 |
| Payments to affiliates | $241,890 |
| Depreciation, depletion, and amortization | $3,176,581 |
| Insurance | $45,588 |
| All other expenses | $0 |
| Total functional expenses | $78,404,392 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $406,394 |
| Savings and temporary cash investments | $9,310,542 |
| Pledges and grants receivable | $905,361 |
| Accounts receivable, net | $4,185,618 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $591,793 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,063,478 |
| Investments—publicly traded securities | $33,436,199 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $68,770 |
| Total assets | $113,222,017 |
| Accounts payable and accrued expenses | $6,737,797 |
| Grants payable | $0 |
| Deferred revenue | $3,906,116 |
| 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 | $16,100,000 |
| Other liabilities | $7,115,026 |
| Total liabilities | $33,858,939 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $79,363,078 |