Pontifical College Josephinum
- Assets
- $57.6m
- Revenue
- $9.3m
- Investments
- $0.0
- Employees
- 102
- Location
- Columbus, OH
- Founding
- 01/1973
- Data as of
- 06/2021
- EIN
- 31-4379535
Organization Overview
Pontifical College Josephinum is located in Columbus, OH. The organization was established in 1973. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Pontifical College Josephinum employed 102 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pontifical College Josephinum 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, Pontifical College Josephinum generated $9.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $7.7m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE JOSEPHINUM SEEKS TO PREPARE PRIESTS FOR THE NEW EVANGELIZATION AND TO SERVE THE PASTORAL NEEDS OF THE CHURCH. THE JOSEPHINUM PROVIDES RESOURCES TO PREPARE CANDIDATES FOR THE PRIESTHOOD. THE JOSEPHINUM SHARES ITS RESOURCES WITH THE WIDER CHURCH BY PROMOTING VOCATIONS AND EDUCATING CLERGY LAITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACADEMIC INSTRUCTION OF APPROXIMATELY 51 STUDENTS IN THE COLLEGE OF LIBERAL ARTS AND SCHOOL OF THEOLOGY. THE DEPARTMENTS INCLUDE GENERAL ACADEMICS SPIRITUAL FORMATION LITURGY PASTORAL FORMATION CONTINUING EDUCATION AND MUSIC.
STUDENT SERVICES THAT INCLUDE REGISTRAR OFFICE DEAN OF MEN PERSONAL FORMATION COUNSELING SERVICES HEALTH CENTER ATHLETICS SEMINARIAN ASSISTANCE AND FOOD DINING SERVICES.
FULL SERVICE LIBRARY TO SUPPORT STUDENTS IN THEIR ACADEMIC PURSUITS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Perry Cahall Academic Dean | 40 | $73,603 | |
Very Reverend Steven Beseau Rector And President | Officer | 40 | $72,953 |
Doug Fortner Associate Professor | 40 | $66,704 | |
John Erwin Treasurer | Officer | 40 | $66,067 |
Most Reverend Christophe Pierre Chancellor | Officer | 1 | $0 |
Most Reverend Robert Brennan Vice Chancellor | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Quality Masonry Construction | 6/29/21 | $126,680 |
Conroy Coatings Masonry Tuckpointing | 6/29/21 | $105,082 |
The Favret Company Construction | 6/29/21 | $180,000 |
Bosc & Brie Food Service | 6/29/21 | $680,009 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $22,639 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,169,794 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,192,433 |
| Total Program Service Revenue | $2,420,719 |
| Investment income | $453,919 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $47,822 |
| Net Gain/Loss on Asset Sales | $2,197,948 |
| Net Income from Fundraising Events | -$941 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,311,900 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $767,137 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $354,224 |
| Compensation of current officers, directors, key employees. | $160,032 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,820,329 |
| Pension plan accruals and contributions | $113,911 |
| Other employee benefits | $342,721 |
| Payroll taxes | $218,370 |
| Fees for services: Management | $6,000 |
| Fees for services: Legal | $14,290 |
| Fees for services: Accounting | $39,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,891 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,785 |
| Office expenses | $191,869 |
| Information technology | $100,522 |
| Royalties | $0 |
| Occupancy | $432,999 |
| Travel | $13,344 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,357 |
| Interest | $55,823 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,318,695 |
| Insurance | $0 |
| All other expenses | $46,479 |
| Total functional expenses | $7,734,020 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $119,916 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,521,914 |
| 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 | $100,875 |
| Net Land, buildings, and equipment | $21,647,498 |
| Investments—publicly traded securities | $34,237,222 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $57,627,425 |
| Accounts payable and accrued expenses | $272,503 |
| 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 | $3,164,584 |
| Unsecured mortgages and notes payable | $1,649,420 |
| Other liabilities | $1,265,025 |
| Total liabilities | $6,351,532 |
| Net assets without donor restrictions | $29,711,512 |
| Net assets with donor restrictions | $21,564,381 |
| 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 | $57,627,425 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Pontifical College Josephinum has recieved totaling $1,026,342.
| Awarding Organization | Amount |
|---|---|
Lilly Endowment Inc Indianapolis, IN PURPOSE: PATHWAYS FOR TOMORROW INITIATIVE | $878,790 |
Columbus Foundation Columbus, OH PURPOSE: EDUCATION | $74,992 |
Lilly Endowment Inc Indianapolis, IN PURPOSE: PATHWAYS FOR TOMORROW INITIATIVE | $49,060 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $11,350 |
William R Burleigh Family Fndn Cincinnati, OH PURPOSE: UNRESTRICTED USE | $10,000 |
Altman Family Foundation Columbus, OH PURPOSE: EDUCATION | $2,000 |
Endowment Analysis
| Beg. Balance | $18,858,029 |
| Earnings | $4,937,681 |
| Net Contributions | $524,450 |
| Other Expense | $1,783,605 |
| Grants | $588,704 |
| Ending Balance | $21,947,851 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Caney Creek Community Center Pippa Passes, KY | $136,427,755 | $30,649,937 |
Baker College Flint, MI | $33,908,610 | $19,974,450 |
Baker College Flint, MI | $26,174,553 | $16,788,668 |
University Of Valley Forge Of The Assemblies Of God Phoenixville, PA | $33,204,385 | $17,692,057 |
Calumet College Whiting, IN | $23,910,768 | $16,116,296 |
Wilberforce University Wilberforce, OH | $28,180,485 | $40,652,171 |
Grace Christian University Wyoming, MI | $13,530,874 | $15,083,160 |
Manor College Jenkintown, PA | $17,591,857 | $16,869,766 |
Art Academy Of Cincinnati Cincinnati, OH | $6,583,513 | $9,495,180 |
Pennsylvania Institue Of Technology Media, PA | $8,362,791 | $13,243,605 |
Pontifical College Josephinum Columbus, OH | $57,627,425 | $9,311,900 |
Appalachian Bible College Inc Mount Hope, WV | $12,108,956 | $7,758,516 |