Sattler College Inc
- Assets
- $4.5m
- Revenue
- $11.2m
- Investments
- $0.0
- Employees
- 61
- Location
- Boston, MA
- Founding
- 03/2018
- Data as of
- 06/2022
- EIN
- 82-1654425
Organization Overview
Sattler College Inc is located in Boston, MA. The organization was established in 2018. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2022, Sattler College Inc employed 61 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sattler College Inc 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, Sattler College Inc generated $11.2m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 46.1% each year . All expenses for the organization totaled $9.8m during the year ending 06/2022. 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 COLLEGE IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, OR CORRESPONDING PROVISIONS OF ANY SUBSEQUENT FEDERAL TAX LAWS (THE "INTERNAL REVNUE CODE") TO ESTABLISH AND ADMINISTER A COLLEGE THAT SHALL: A) CONFER THE FOLLOWING DEGREES: 1. BACHELOR OF SCIENCE IN HUMAN BIOLOGY, 2. BACHELOR OF SCIENCE IN COMPUTER SCIENCE, 3. BACHELOR OF SCIENCE IN BUSINESS, 4. BACHELOR OF ARTS IN BIBLICAL AND RELIGIOUS STUDIES, AND 5. BACHELOR OF ARTS IN HISTORY, AND OFFER ANY AND ALL COURSES RELATING OR INCIDENTAL THERETO; AND B) PROMOTE AND ADVANCE THE PRECEPTS AND VALUES OF THE HISTORIC CHRISTIAN FAITH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTITUTION OF HIGHER EDUCATION WITH A HIGHLY FOCUSED ARRAY OF BACCALAUREATE DEGREE ACADEMIC PROGRAMS, EMPHASIS ON TEACHING, AUXILIARY PROGRAMS, AND A SMALL ADMINISTRATIVE STRUCTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dean Taylor Former Pres | OfficerTrustee | 50 | $150,000 |
Dean B Taylor Faculty | 40 | $150,000 | |
Derrick E Tate Faculty | 40 | $120,000 | |
William J Oliver Faculty | 40 | $94,792 | |
Hans Leaman Faculty | 40 | $90,000 | |
Jonathan Mclatchie Faculty | 40 | $89,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,118,484 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,079 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,233,247 |
| Statement of Expenses | |
|---|---|
| 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. | $150,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,556,294 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $296,727 |
| Payroll taxes | $138,328 |
| 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 | $0 |
| Fees for services: Other | $333,366 |
| Advertising and promotion | $1,602 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,780,214 |
| Travel | $32,959 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $184,689 |
| Insurance | $12,505 |
| All other expenses | $0 |
| Total functional expenses | $9,835,027 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,286,860 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $172,406 |
| 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 | $45,658 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,185,257 |
| Total assets | $4,505,835 |
| Accounts payable and accrued expenses | $12,048 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,186,568 |
| Total liabilities | $1,198,616 |
| Net assets without donor restrictions | $3,307,219 |
| 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 | $3,307,219 |