Trustees Of St Josephs College
- Assets
- $66.8m
- Revenue
- $53.4m
- Investments
- $0.0
- Employees
- 943
- Location
- Standish, ME
- Founding
- 03/1946
- Data as of
- 06/2022
- EIN
- 01-0212542
Organization Overview
Trustees Of St Josephs College is located in Standish, ME. The organization was established in 1946. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2022, Trustees Of St Josephs College employed 943 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Trustees Of St Josephs 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, Trustees Of St Josephs College generated $53.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $51.2m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
HIGHER EDUCATION INSTITUTION OFFERING LIBERAL ARTS EDUCATION ON A FULL AND PART TIME BASIS TO MALE AND FEMALE STUDENTS. THE INSTITUTION ALSO OFFERS AN ON-LINE EDUCATION PROGRAM FOR BACHELORS AND MASTERS DEGREES THROUGH HOME STUDY.
Describe the Organization's Program Activity:
HIGHER EDUCATION INSTITUTE OFFERING SMALL CLASSES WITH AN UP-CLOSE AND PERSONAL LEARNING ENVIRONMENT.- MORE THAN 40 MAJORS, MINORS, AND PARTNERSHIP PROGRAMS- CLASSES OF JUST SIX STUDENTS ARE NOT UNUSUAL- AVERAGE CLASS SIZE OF 13 STUDENTS- STUDENT FACULTY RATIO 14:1- FIRST-YEAR STUDENTS MEET WITH A FACULTY MENTOR- PROFESSORS WILL GET TO KNOW YOU AND INSPIRE YOU
ON-LINE EDUCATION, OFFERED THROUGH THE DIVISION OF GRADUATE & PROFESSIONAL STUDIES INCLUDES:-MASTER'S DEGREES-BACHELOR'S DEGREES-ASSOCIATE DEGREES-CERTIFICATE PROGRAMS-CONTINUING EDUCATION COURSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Carol Strobeck Edd Chair | OfficerTrustee | 2 | $0 |
Robert Zilg Vice Chair Of Board | OfficerTrustee | 2 | $0 |
Craig Becker Secretary | OfficerTrustee | 2 | $0 |
Dr James S Dlugos President | OfficerTrustee | 50 | $324,755 |
Dr Jeanne Arnold Trustee | Trustee | 2 | $0 |
Thomas Driscol Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Eab Global Inc Advertising | 6/29/22 | $1,445,875 |
Allied Cook Construction | 6/29/22 | $565,574 |
Creative Equity Building Maintenance | 6/29/22 | $329,950 |
Performance Food Service Food Service | 6/29/22 | $434,932 |
Shaw Earthworks Construction | 6/29/22 | $271,081 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $19,250 |
| Related organizations | $0 |
| Government grants | $2,835,782 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,227,989 |
| Noncash contributions included in lines 1a–1f | $270,250 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,083,021 |
| Total Program Service Revenue | $46,014,107 |
| Investment income | $340,076 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $929,336 |
| Net Income from Fundraising Events | -$172 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $53,366,368 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $18,023,033 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $954,894 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,030,040 |
| Pension plan accruals and contributions | $161,720 |
| Other employee benefits | $1,703,976 |
| Payroll taxes | $1,042,748 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $56,878 |
| Fees for services: Accounting | $64,080 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $93,921 |
| Fees for services: Other | $1,983,817 |
| Advertising and promotion | $2,238,559 |
| Office expenses | $484,435 |
| Information technology | $1,026,860 |
| Royalties | $0 |
| Occupancy | $1,518,593 |
| Travel | $374,138 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $602,264 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,694,722 |
| Insurance | $405,191 |
| All other expenses | $0 |
| Total functional expenses | $51,168,310 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78,725 |
| Savings and temporary cash investments | $4,651,645 |
| Pledges and grants receivable | $1,169,469 |
| Accounts receivable, net | $511,683 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,113,510 |
| Inventories for sale or use | $47,446 |
| Prepaid expenses and deferred charges | $1,515,653 |
| Net Land, buildings, and equipment | $40,186,511 |
| Investments—publicly traded securities | $14,925,604 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,604,387 |
| Total assets | $66,804,633 |
| Accounts payable and accrued expenses | $1,843,693 |
| Grants payable | $0 |
| Deferred revenue | $1,372,635 |
| Tax-exempt bond liabilities | $13,694,014 |
| 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 | $82,353 |
| Other liabilities | $787,000 |
| Total liabilities | $17,779,695 |
| Net assets without donor restrictions | $30,867,017 |
| Net assets with donor restrictions | $18,157,921 |
| 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 | $66,804,633 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rivier University Nashua, NH | $141,304,994 | $64,521,014 |
Trustees Of St Josephs College Standish, ME | $66,804,633 | $53,366,368 |
Foundation Of The University At Presque Isle Presque Isle, ME | $7,104,897 | $321,494 |
Sky Haven Flying Club Inc Dover, NH | $78,492 | $0 |
Trustees Of Dartmouth College Hanover, NH | $121,207 | $0 |
York County Community College Foundation Wells, ME | $1,705,400 | $56,342 |
Trustees Of Dartmouth College Hanover, NH | $97,227 | $0 |
Trustees Of Dartmouth College Hanover, NH | $106,865 | $0 |
Trustees Of Dartmouth College Hanover, NH | $34,064 | $0 |