Carroll College
- Assets
- $136.5m
- Revenue
- $65.0m
- Investments
- $3.2m
- Employees
- 1,029
- Location
- Helena, MT
- Founding
- 06/2011
- Data as of
- 06/2022
- EIN
- 81-0231774
Organization Overview
Carroll College is located in Helena, MT. The organization was established in 2011. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2023, Carroll College employed 1,029 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carroll College 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, Carroll College generated $65.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $62.1m during the year ending 06/2022. While expenses have increased by 0.8% per year over the past 8 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
CARROLL COLLEGE IS A CATHOLIC, DIOCESAN, LIBERAL ARTS COLLEGE IN THE ECUMENICAL TRADITION OF THE SECOND VATICAN COUNCIL. CARROLL COLLEGE ACKNOWLEDGES THE ROLE OF PREPARING ITS STUDENTS FOR A CAREER, AND ALSO AFFIRMS THE ROLE OF PROVIDING FOR THE EXPANSION OF THE INTELLECTUAL, IMAGINATIVE, AND SOCIAL AWARENESS OF ITS STUDENTS. CARROLL COLLEGE AFFIRMS ITS COMMITMENT TO THE PRINCIPLE OF FREEDOM OF INQUIRY. CARROLL COLLEGE IS COMMITTED TO A POLICY OF OPEN PARTICIPATION BY MEMBERS OF ALL RELIGIOUS FAITHS AND ALL PERSONS OF GOOD WILL IN THE TOTAL ACADEMIC AND SPIRITUAL EXPERIENCE OF THE COLLEGE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION - LIBERAL ARTS PROGRAM LEADING TO A BACCALAUREATE DEGREE
OTHER PROGRAMS
ACADEMIC SUPPORT - ACADEMIC ADMINISTRATION, LIBRARIES, LOGISTICS AND SERVICES
STUDENT SERVICES - OFFICE OF THE DEAN OF STUDENTS, STUDENT ACTIVITIES, STUDENT PUBLICATIONS,COUNSELING, FINANCIAL AID, STUDENT RECORDS, AND STUDENT HEALTH ISSUES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bishop Austin Vetter Chancellor | OfficerTrustee | 2 | $0 |
The Rev Patrick Beretta Chair | OfficerTrustee | 2 | $0 |
Thomas Whyte Vice Chair | OfficerTrustee | 2 | $0 |
Dr Joyce Stewart Secretary | OfficerTrustee | 2 | $0 |
Msgr Kevin O'neill Trustee Emeritus | Trustee | 2 | $0 |
Bob Heberly Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Operations Llc Food Service | 6/29/23 | $2,895,953 |
Ellucian Company Lp Software | 6/29/23 | $432,026 |
Collegis Llc Tech Services | 6/29/23 | $385,333 |
Helena Sand & Gravel Construction | 6/29/23 | $432,708 |
Durable Slate Co Inc Roofing | 6/29/23 | $420,342 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,447,051 |
| Investment income | $989,107 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $753,985 |
| Net Gain/Loss on Asset Sales | $1,116,988 |
| Net Income from Fundraising Events | -$7,423 |
| Net Income from Gaming Activities | $14,344 |
| Net Income from Sales of Inventory | $72,425 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $65,024,048 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $26,330,504 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $991,740 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,978,096 |
| Pension plan accruals and contributions | $522,066 |
| Other employee benefits | $2,616,268 |
| Payroll taxes | $1,267,581 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $103,844 |
| Fees for services: Other | $3,203,314 |
| Advertising and promotion | $0 |
| Office expenses | $1,628,433 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $656,726 |
| Travel | $1,526,219 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,336,047 |
| Interest | $479,136 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,731,770 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $62,060,628 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $15,147,169 |
| Pledges and grants receivable | $395,403 |
| Accounts receivable, net | $893,048 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $183,630 |
| Prepaid expenses and deferred charges | $696,393 |
| Investments—publicly traded securities | $57,206,587 |
| Investments—other securities | $3,184,216 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,506,785 |
| Total assets | $136,506,006 |
| Accounts payable and accrued expenses | $2,022,736 |
| Grants payable | $0 |
| Deferred revenue | $1,548,941 |
| 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 | $12,733,509 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,148,247 |
| Total liabilities | $18,453,433 |
| Net assets without donor restrictions | $57,805,514 |
| Net assets with donor restrictions | $60,247,059 |
| 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 | $118,052,573 |