Saint Michaels College

Organization Overview

Saint Michaels College is located in Colchester, VT. The organization was established in 1973. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2021, Saint Michaels College employed 1,300 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Saint Michaels 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 06/2021, Saint Michaels College generated $111.4m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $104.2m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Saint Michaels College has awarded 16 individual grants totaling $681,205. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO CONTRIBUTE THROUGH HIGHER EDUCATION TO THE ENHANCEMENT OF THE HUMAN PERSON AND THE ADVANCEMENT OF HUMAN CULTURE IN THE LIGHT OF THE CATHOLIC FAITH.

Describe the Organization's Program Activity:

ACADEMIC PROGRAM AND FINANCIAL AID, SEE SCHEDULE O


AUXILIARY ENTERPRISES, SEE SCHEDULE O


STUDENT SERVICES, SEE SCHEDULE O


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Kpmg Llp
Audit/tax
$282,093
Shi International
It Consultants
$196,814
Competitive Computing
It Consultants
$308,324
Eab Global
Recruiting
$240,928
Hotchalk Inc
Education Consulting
$780,568
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $6,195,318
All other contributions, gifts, grants, and similar amounts not included above$10,152,704
Noncash contributions included in lines 1a–1f $605,311
Total Revenue from Contributions, Gifts, Grants & Similar$16,348,022
Total Program Service Revenue$91,249,476
Investment income $1,504,149
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $141,302
Net Gain/Loss on Asset Sales $1,222,969
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $111,425,492

Grants Awarded

Over the last fiscal year, Saint Michaels College has awarded $75,896 in support to 2 organizations.

Grant RecipientAmount

SSE DBA SAINT ANNE'S SHRINE

PURPOSE: SEE PART IV

$65,896

STEPS TO END DOMESTIC VIOLENCE INC

Org PageRecipient Profile

Burlington, VT

PURPOSE: SEE PART IV

$10,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Saint Michaels College has recieved totaling $49,100.

Awarding OrganizationAmount
Kilkea Foundation Inc

New York, NY

PURPOSE: TUITION

$49,100
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$77,654,938
Earnings$25,767,599
Admin Expense$353,499
Net Contributions$3,340,987
Other Expense$378,138
Grants$2,999,947
Ending Balance$103,031,940

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$558,997,855
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$606,887,297
American University Of Beirut
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$608,300,843
Brandeis University
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$399,602,478
Bar Ilan University In Israel
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$462,229,998
Long Island University
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$417,090,254
Worcester Polytechnic Institute
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$384,496,935

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