Saint Vincent College
- Assets
- $298.9m
- Revenue
- $111.3m
- Investments
- $25.0m
- Employees
- 1,409
- Location
- Latrobe, PA
- Founding
- 03/1946
- Data as of
- 06/2022
- EIN
- 25-0964126
Organization Overview
Saint Vincent College is located in Latrobe, PA. The organization was established in 1946. 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, Saint Vincent College employed 1,409 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Saint Vincent 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, Saint Vincent College generated $111.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $93.8m during the year ending 06/2022. While expenses have increased by 1.8% per year over the past 7 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE QUALITY UNDERGRADUATE AND GRADUATE EDUCATION FOR MEN AND WOMEN.
Describe the Organization's Program Activity:
FOUNDED IN 1846, SAINT VINCENT COLLEGE IS A PRIVATE, CATHOLIC, BENEDICTINE LIBERAL ARTS COLLEGE LOCATED IN LATROBE, PENNSYLVANIA. OUR MISSION IS "TO PROVIDE QUALITY UNDERGRADUATE AND GRADUATE EDUCATION FOR MEN AND WOMEN TO ENABLE THEM TO INTEGRATE THEIR PROFESSIONAL AIMS WITH THE BROADER PURPOSES OF HUMAN LIFE."SAINT VINCENT COLLEGE'S APPROACH TO EDUCATION IS ROOTED IN A CORE CURRICULUM THAT PROVIDES ALL STUDENTS WITH A BROAD-BASED EDUCATION. THE CORE CURRICULUM IS FOUNDED IN THE HUMANITIES, SOCIAL SCIENCES, NATURAL SCIENCES AND MATHEMATICS. EACH OF OUR PROGRAMS OF STUDY INCORPORATES AN INTERDISCIPLINARY VIEW OF KNOWLEDGE AND EMPHASIZES THE SKILLS TO INCREASE A STUDENT'S GENERAL BODY OF KNOWLEDGE THROUGHOUT THEIR LIVES.IN ADDITION TO ITS ROLE AS A KEY EDUCATIONAL PROVIDER, SAINT VINCENT SERVES AS AN ECONOMIC, ENVIRONMENTAL AND CULTURAL RESOURCE FOR THE LOCAL AREA. APPROXIMATELY 42% OF ALL GRADUATES FROM THE COLLEGE RESIDE IN ALLEGHENY AND WESTMORELAND COUNTIES, HELPING TO CONTRIBUTE TO THE REGION'S ECONOMIC GROWTH. THE COLLEGE'S ACADEMIC AND OUTREACH PROGRAMS ALSO HAVE HAD AN INSTRUMENTAL ROLE IN FOSTERING BUSINESS DEVELOPMENT, PROMOTING CULTURAL ENRICHMENT AND ADDRESSING REGIONAL ENVIRONMENTAL AND HEALTHCARE ISSUES.SAINT VINCENT COLLEGE SEMINARY IS A CENTER FOR THE SPIRITUAL FORMATION, HUMAN DEVELOPMENT AND ACADEMIC AND PASTORAL PREPARATION OF CANDIDATES FOR THE PRIESTHOOD. THE SEMINARY ALSO PROVIDES PROGRAMS FOR PERMANENT DIACONATE CANDIDATES AND OFFERS DEGREE PROGRAMS TO QUALIFIED MEN AND WOMEN SEEKING A THEOLOGICAL EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr David M Hollenbaugh VP Inst. Advancement | 40 | $166,777 | |
Mr Bruce A Antkowiak Legal Counsel/professor | 40 | $166,670 | |
Mr Jeff A Mallory Executive VP | 40 | $151,615 | |
Mr Gary Quinlivan Dean - Mckenna School | 40 | $149,705 | |
Mr Stephen M Jodis Dean - Boyer School | 40 | $142,928 | |
Mr Joshua Guiser Treasurer/vp Finance (beg. 07/2021) | Officer | 40 | $124,560 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Apogee Telecom It Infastructure | 6/29/22 | $364,465 |
Rycon Construction Inc Contractor | 6/29/22 | $10,773,848 |
Tudi Mechanical Services Contractor | 6/29/22 | $538,432 |
Thomas Didiano & Sons Dev Contractor | 6/29/22 | $369,972 |
Parkhurst Dining Services Labor/management Fees | 6/29/22 | $4,194,215 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $5,000 |
| Membership dues | $0 |
| Fundraising events | $101,788 |
| Related organizations | $35,515 |
| Government grants | $6,795,459 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,938,589 |
| Noncash contributions included in lines 1a–1f | $618,469 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,876,351 |
| Total Program Service Revenue | $73,823,534 |
| Investment income | $2,607,940 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,400 |
| Net Rental Income | $54,618 |
| Net Gain/Loss on Asset Sales | $16,306,274 |
| Net Income from Fundraising Events | -$48,313 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $111,303,783 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $35,715,792 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $278,795 |
| Compensation of current officers, directors, key employees. | $47,395 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $21,548,613 |
| Pension plan accruals and contributions | $1,077,551 |
| Other employee benefits | $6,613,694 |
| Payroll taxes | $1,459,409 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $61,680 |
| Fees for services: Accounting | $70,820 |
| Fees for services: Lobbying | $17,409 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $445,446 |
| Fees for services: Other | $2,081,963 |
| Advertising and promotion | $736,052 |
| Office expenses | $2,547,255 |
| Information technology | $527,191 |
| Royalties | $0 |
| Occupancy | $1,200,265 |
| Travel | $963,798 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,047,520 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,411,307 |
| Insurance | $474,624 |
| All other expenses | $2,860,088 |
| Total functional expenses | $93,787,442 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $267,597 |
| Savings and temporary cash investments | $4,833,447 |
| Pledges and grants receivable | $9,225,618 |
| Accounts receivable, net | $2,870,325 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $488,926 |
| Inventories for sale or use | $412,254 |
| Prepaid expenses and deferred charges | $829,822 |
| Net Land, buildings, and equipment | $117,223,942 |
| Investments—publicly traded securities | $135,654,069 |
| Investments—other securities | $25,040,076 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,049,898 |
| Total assets | $298,895,974 |
| Accounts payable and accrued expenses | $6,162,665 |
| Grants payable | $0 |
| Deferred revenue | $956,354 |
| Tax-exempt bond liabilities | $12,796,125 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,670,892 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,728,682 |
| Total liabilities | $26,314,718 |
| Net assets without donor restrictions | $122,169,678 |
| Net assets with donor restrictions | $150,411,578 |
| 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 | $298,895,974 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Saint Vincent College has recieved totaling $13,858.
| Awarding Organization | Amount |
|---|---|
Frederick N Egler Charitable Tr Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $12,858 |
Patricia A Smiy Foundation Inc Irwin, PA PURPOSE: TO ASSIST IN CONTINUING THE NONPROFITS MISSION. | $1,000 |
Endowment Analysis
| Beg. Balance | $144,090,110 |
| Earnings | -$15,528,752 |
| Net Contributions | $5,646,920 |
| Other Expense | $2,861,254 |
| Grants | $3,611,784 |
| Ending Balance | $127,735,240 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ithaca College Ithaca, NY | $834,703,732 | $365,679,639 |
Touro University New York, NY | $558,489,117 | $321,976,604 |
Saint Josephs University Philadelphia, PA | $901,366,941 | $347,052,680 |
Colgate University Treasurers Office Hamilton, NY | $1,984,946,016 | $378,114,548 |
Oberlin College Oberlin, OH | $1,432,118,020 | $305,531,376 |
Skidmore College Saratoga Springs, NY | $987,033,808 | $268,742,242 |
Lafayette College Easton, PA | $1,381,563,896 | $228,460,340 |
Swarthmore College Swarthmore, PA | $3,573,029,000 | $364,464,007 |
Denison University Granville, OH | $1,502,847,785 | $275,909,448 |
Barnard College New York, NY | $934,956,587 | $267,817,606 |
Gettysburg College Gettysburg, PA | $570,755,194 | $196,773,554 |
Trustees Of Hamilton College Clinton, NY | $1,394,895,135 | $220,131,728 |