Saint Marys College
- Assets
- $523.4m
- Revenue
- $143.0m
- Investments
- $355.7m
- Employees
- 1,361
- Location
- Notre Dame, IN
- Founding
- 03/1946
- Data as of
- 05/2022
- EIN
- 35-0868158
Organization Overview
Saint Marys College is located in Notre Dame, IN. 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 05/2022, Saint Marys College employed 1,361 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Saint Marys 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 05/2022, Saint Marys College generated $143.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $105.8m during the year ending 05/2022. While expenses have increased by 2.4% 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
FOUNDED BY THE SISTERS OF THE HOLY CROSS IN 1844, SAINT MARY'S COLLEGE PROMOTES A LIFE OF INTELLECTUAL VIGOR, AESTHETIC APPRECIATION, RELIGIOUS SENSIBILITY, AND SOCIAL RESPONSIBILITY. SAINT MARY'S IS A CATHOLIC, RESIDENTIAL, WOMEN'S, LIBERAL ARTS COLLEGE OFFERING UNDERGRADUATE DEGREES AND CO-EDUCATIONAL GRADUATE PROGRAMS. A PIONEER IN THE EDUCATION OF WOMEN, THE COLLEGE FOSTERS AN INCLUSIVE, ACADEMIC COMMUNITY WHERE STUDENTS DISCOVER AND DEVELOP THEIR TALENTS AS THEY PREPARE TO MAKE A DIFFERENCE IN THE WORLD. ALL MEMBERS OF THE COLLEGE CONTRIBUTE TO THIS MISSION IN THEIR RESPONSE TO THE COMPLEX NEEDS AND CHALLENGES OF CONTEMPORARY LIFE.
Describe the Organization's Program Activity:
AS A CENTER OF HIGHER EDUCATION, THE CORPORATION OF SAINT MARY'S COLLEGE, NOTRE DAME (SAINT MARY'S) FOSTERS AN ACADEMIC CLIMATE OF SCHOLARSHIP AND LEARNING FOR FACULTY AND STUDENTS ALIKE. THROUGH EXCELLENCE IN TEACHING AND THE EXAMPLE OF ITS OWN ACTIVE SCHOLARSHIP, THE FACULTY CHALLENGES STUDENTS TO EXPAND THEIR HORIZONS AND SUPPORTS THEM IN THEIR INTELLECTUAL PURSUITS. A BROAD-BASED COURSE OF STUDY INVITES STUDENTS TO THINK CRITICALLY AND CREATIVELY ABOUT THE NATURAL WORLD AND HUMAN CULTURE. ACKNOWLEDGING THE NEED TO PREPARE WOMEN FOR AN ARRAY OF CAREERS, SAINT MARY'S INSISTS ON A LIBERAL ARTS FOUNDATION FOR ALL ITS STUDENTS. THROUGH THEIR YEARS AT SAINT MARY'S, STUDENTS ACQUIRE DEPTH AND BREADTH OF KNOWLEDGE, COMPETENCE IN QUANTITATIVE SKILLS AND MODERN LANGUAGES, THE ABILITY TO THINK CLEARLY ABOUT COMPLEX PROBLEMS, AND THE CAPACITY TO COMMUNICATE WITH PRECISION AND STYLE. (CONTINUED IN SCHEDULE O)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ziolkowski Construction Inc Construction Services | 5/30/22 | $4,799,913 |
Dynamic Mechanical Services Inc Construction Services | 5/30/22 | $806,534 |
Eab Enrollment Consulting | 5/30/22 | $1,001,196 |
Midland Engingeering Company Construction Services | 5/30/22 | $744,433 |
Mythics Inc Technology Consulting | 5/30/22 | $637,725 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $7,500 |
| Government grants | $7,405,727 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,422,356 |
| Noncash contributions included in lines 1a–1f | $1,823,193 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,835,583 |
| Total Program Service Revenue | $84,693,644 |
| Investment income | $5,150,451 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $45,766 |
| Net Gain/Loss on Asset Sales | $26,320,216 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $143,002,673 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $40,579,025 |
| Grants and other assistance to Foreign Orgs/Individuals | $8,950 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,765,731 |
| Compensation of current officers, directors, key employees. | $214,995 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $25,364,887 |
| Pension plan accruals and contributions | $1,949,516 |
| Other employee benefits | $5,376,041 |
| Payroll taxes | $1,820,689 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $56,158 |
| Fees for services: Accounting | $175,562 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $31,968 |
| Fees for services: Other | $10,939,330 |
| Advertising and promotion | $672,823 |
| Office expenses | $2,103,140 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,693,893 |
| Travel | $525,651 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $152,976 |
| Interest | $3,072,935 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,991,797 |
| Insurance | $828,797 |
| All other expenses | $386,200 |
| Total functional expenses | $105,849,501 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,775 |
| Savings and temporary cash investments | $15,283,293 |
| Pledges and grants receivable | $3,938,655 |
| Accounts receivable, net | $4,247,375 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $619,122 |
| Inventories for sale or use | $61,650 |
| Prepaid expenses and deferred charges | $393,392 |
| Net Land, buildings, and equipment | $129,939,899 |
| Investments—publicly traded securities | $5,852,729 |
| Investments—other securities | $355,706,063 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,337,604 |
| Total assets | $523,384,557 |
| Accounts payable and accrued expenses | $9,466,680 |
| Grants payable | $3,125,314 |
| Deferred revenue | $5,539,766 |
| Tax-exempt bond liabilities | $72,437,545 |
| 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 | $772,354 |
| Total liabilities | $91,341,659 |
| Net assets without donor restrictions | $209,598,072 |
| Net assets with donor restrictions | $222,444,826 |
| 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 | $523,384,557 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Saint Marys College has recieved totaling $1,500.
| Awarding Organization | Amount |
|---|---|
Henry A Fox Jr & Kathleen O Brien Fox Charitable Foundation Kentwood, MI PURPOSE: PROGRAM SUPPORT | $1,000 |
Niccum Educational Trust Foundation First National Bank Of Goshen Ttee Greenfield, IN PURPOSE: GENERAL | $500 |
Endowment Analysis
| Beg. Balance | $282,319,087 |
| Earnings | $49,561,226 |
| Net Contributions | $9,772,208 |
| Other Expense | $5,632,550 |
| Grants | $5,213,749 |
| Ending Balance | $330,806,222 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Columbia College Chicago Chicago, IL | $667,072,943 | $221,332,415 |
Indiana Wesleyan University Marion, IN | $535,078,455 | $212,201,058 |
Depauw University Greencastle, IN | $1,044,669,443 | $170,125,801 |
Concordia University Inc Mequon, WI | $163,946,113 | $168,516,078 |
Wheaton College Wheaton, IL | $1,105,725,018 | $280,776,360 |
Berea College Berea, KY | $1,637,313,850 | $205,202,087 |
Augustana College Rock Island, IL | $426,442,517 | $147,587,977 |
Marian University Indianapolis, IN | $323,995,376 | $176,218,802 |
Carroll University Inc Waukesha, WI | $261,882,162 | $140,965,442 |
Campbellsville University Inc Campbellsville, KY | $197,242,279 | $142,326,474 |
Centre College Of Kentucky Danville, KY | $677,636,297 | $215,283,093 |
Lawrence University Of Wisconsin Appleton, WI | $632,228,886 | $124,103,689 |