Holy Apostles College & Seminary
- Assets
- $16.6m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 66
- Location
- Cromwell, CT
- Founding
- 03/1946
- Data as of
- 06/2023
- EIN
- 06-1149131
Organization Overview
Holy Apostles College & Seminary is located in Cromwell, CT. 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 06/2023, Holy Apostles College & Seminary employed 66 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Holy Apostles College & Seminary 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 06/2023, Holy Apostles College & Seminary generated $5.7m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $6.5m during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION OF STUDENTS IN MINISTERIAL FORMATION: CATHOLIC PRIESTHOOD AND LAY MINISTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION OF STUDENTS IN MINISTERIAL FORMATION: CATHOLIC PRIESTHOOD AND LAY MINISTRY.
EDUCATION OF MEN TO THE ROMAN CATHOLIC PRIESTHOOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr J Marianne Siegmund Pastoral Stu | 40 | $112,470 | |
Dr Cynthia Toolin-Wilson Academic Dea | 40 | $106,659 | |
Mr David Masse Director | Trustee | 1 | $0 |
Mr John F Wolter ESQ Director | Trustee | 1 | $0 |
Mr Jeffrey M Nelson Director | Trustee | 1 | $0 |
Very Rev Luis Luna-Barrera Msa Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $291,912 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $291,912 |
| Total Program Service Revenue | $5,159,827 |
| Investment income | $314,676 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$28,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,738,415 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,394,417 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,150,087 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $274,223 |
| Payroll taxes | $189,327 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $41,774 |
| Fees for services: Accounting | $92,095 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $36,909 |
| Fees for services: Other | $219,663 |
| Advertising and promotion | $83,992 |
| Office expenses | $131,340 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $612,322 |
| Travel | $28,788 |
| 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 | $251,239 |
| Insurance | $0 |
| All other expenses | $64,214 |
| Total functional expenses | $6,518,709 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,005,382 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $59,187 |
| 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 | $8,578 |
| Net Land, buildings, and equipment | $5,847,052 |
| Investments—publicly traded securities | $9,642,371 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $31,822 |
| Total assets | $16,594,392 |
| Accounts payable and accrued expenses | $358,288 |
| Grants payable | $0 |
| Deferred revenue | $458,143 |
| 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 | $31,822 |
| Total liabilities | $848,253 |
| Net assets without donor restrictions | $15,740,439 |
| Net assets with donor restrictions | $5,700 |
| 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 | $16,594,392 |