University Of St Thomas
- Assets
- $256.4m
- Revenue
- $111.1m
- Investments
- $115.8m
- Employees
- 1,429
- Location
- Houston, TX
- Founding
- 11/1998
- Data as of
- 06/2022
- EIN
- 74-1277664
Organization Overview
University Of St Thomas is located in Houston, TX. The organization was established in 1998. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2023, University Of St Thomas employed 1,429 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of St Thomas 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, University Of St Thomas generated $111.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $119.6m during the year ending 06/2022. While expenses have increased by 5.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE UNIVERSITY IS COMMITTED TO THE CATHOLIC INTELLECTUAL TRADITION AND THE DIALOGUE BETWEEN FAITH AND REASON. WE EDUCATE STUDENTS TO THINK CRITICALLY, COMMUNICATE EFFECTIVELY, SUCCEED PROFESSIONALLY, AND LEAD ETHICALLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE UNIVERSITY OF ST. THOMAS (THE "UNIVERSITY"), LOCATED IN HOUSTON, TEXAS, WAS FOUNDED BY THE BASILIANS FATHERS IN 1947. THE UNIVERSITY, ACCREDITED BY THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS COMMISSION ON COLLEGES, IS AN INDEPENDENT, CO-EDUCATIONAL CATHOLIC UNIVERSITY OFFERING ASSOCIATE DEGREES IN THREE SUBJECT AREAS, BACHELOR'S DEGREES IN 39 SUBJECT AREAS, MASTER'S DEGREES IN 22 SUBJECT AREAS AND DOCTORATE DEGREES IN THREE SUBJECT AREAS. THE UNIVERSITY PROVIDES INSTRUCTION AND SUPPORT SERVICES TO 2,968 UNDERGRADUATE AND 845 GRADUATE STUDENTS.
ANNUAL SUPPORT FROM THE UNIVERSITY'S ENDOWMENT FOR STUDENT SCHOLARSHIPS, ENDOWED DEPARTMENTAL CHAIRS, FACULTY DEVELOPMENT, ENDOWED LECTURES, AND MAINTENANCE OF CAMPUS FACILITIES.
THE UNIVERSITY HAS A COMPREHENSIVE PLAN TO ASSIST QUALIFIED STUDENTS THROUGH A PROGRAM OF SCHOLARSHIPS, GRANTS-IN-AID, LOANS AND PART-TIME EMPLOYMENT. ADMINISTERED ON AN INDIVIDUAL BASIS, ACCORDING TO THE PARTICULAR CIRCUMSTANCES OF EACH APPLICANT, THIS PROGRAM IS DESIGNED TO ASSIST ALL STUDENTS WHO HAVE A GENUINE NEED. THE OVERWHELMING MAJORITY OF STUDENTS RECEIVE FINANCIAL AID EITHER FROM THE UNIVERSITY OR THROUGH STATE AND FEDERAL GOVERNMENT SOURCES.
AUXILIARY OPERATIONS: STUDENT HOUSING, DINING SERVICES, PARKING GARAGE, AND BOOKSTORE SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Chair/board Member | OfficerTrustee | 1 | $0 |
Name Not Listed Vice Chair/board Member | OfficerTrustee | 1 | $0 |
Name Not Listed Secretary/board Member | OfficerTrustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ellucian Company Lp Information Technology Services | 6/29/23 | $4,070,388 |
Collegis Education Llc Consulting | 6/29/23 | $948,197 |
Design Collaborative Inc Architects, Engineers, Interior Design | 6/29/23 | $435,382 |
P&m Construction & Drywall Construction | 6/29/23 | $431,503 |
Prestige Temp Staffing Llc Temp Staffing Agency | 6/29/23 | $410,604 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,649,867 |
| Related organizations | $0 |
| Government grants | $7,927,685 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,363,455 |
| Noncash contributions included in lines 1a–1f | $114,191 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,941,007 |
| Total Program Service Revenue | $92,315,711 |
| Investment income | $106,256 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $66,752 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $823,461 |
| Net Income from Fundraising Events | -$809,853 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $111,095,697 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $784,498 |
| Grants and other assistance to domestic individuals. | $32,825,216 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,825,287 |
| Compensation of current officers, directors, key employees. | $1,155,923 |
| Compensation to disqualified persons | $38,462 |
| Other salaries and wages | $34,576,762 |
| Pension plan accruals and contributions | $1,338,334 |
| Other employee benefits | $4,926,884 |
| Payroll taxes | $2,678,224 |
| Fees for services: Management | $467,498 |
| Fees for services: Legal | $190,932 |
| Fees for services: Accounting | $110,101 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $624,000 |
| Fees for services: Other | $13,722,352 |
| Advertising and promotion | $1,264,826 |
| Office expenses | $3,459,442 |
| Information technology | $5,593,032 |
| Royalties | $80,877 |
| Occupancy | $3,136,776 |
| Travel | $1,304,604 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,488,787 |
| Interest | $2,114,353 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,009,009 |
| Insurance | $1,197,386 |
| All other expenses | $361,605 |
| Total functional expenses | $119,648,787 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,361,739 |
| Savings and temporary cash investments | $10,544,012 |
| Pledges and grants receivable | $500,264 |
| Accounts receivable, net | $3,513,236 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $15,900 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $772,048 |
| Net Land, buildings, and equipment | $108,297,231 |
| Investments—publicly traded securities | $11,784,600 |
| Investments—other securities | $115,793,591 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,793,117 |
| Total assets | $256,375,738 |
| Accounts payable and accrued expenses | $8,408,683 |
| Grants payable | $0 |
| Deferred revenue | $2,588,429 |
| 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 | $41,361,939 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $52,359,051 |
| Net assets without donor restrictions | $54,208,728 |
| Net assets with donor restrictions | $149,807,959 |
| 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 | $256,375,738 |