Saint-Mary-Of-The-Woods College
- Assets
- $51.6m
- Revenue
- $33.5m
- Investments
- $144.1k
- Employees
- 546
- Location
- St Mary Of The Woods, IN
- Founding
- 03/1946
- Data as of
- 06/2022
- EIN
- 35-1065063
Organization Overview
Saint-Mary-Of-The-Woods College is located in St Mary Of The Woods, 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 06/2022, Saint-Mary-Of-The-Woods College employed 546 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Saint-Mary-Of-The-Woods 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-Mary-Of-The-Woods College generated $33.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $34.9m during the year ending 06/2022. While expenses have increased by 6.3% 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
COMMITTED TO THE HIGHER EDUCATION IN THE TRADITION OF LIBERAL ARTS. THE COLLEGE SERVES A DIVERSE COMMUNITY OF LEARNERS IN UNDERGRADUATE AND GRADUATE PROGRAMS, WHILE MAINTAINING ITS HISTORICAL COMMITMENT TO WOMEN IN ITS CAMPUS PROGRAM
Describe the Organization's Program Activity:
MAINTAIN AND OPERATE A FULLY ACCREDITED LIBERAL ARTS COLLEGE FOR YOUTHS AND ADULTS IN BOTH CAMPUS BASED AND DISTANCE FORMATS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Mcmahon Chair | Trustee | 1 | $0 |
Alice Sherfick Shelton Vice Chair | Trustee | 1 | $0 |
Nancy Payonk Secretary | Trustee | 1 | $0 |
Patrick Cahill Trustee | Trustee | 1 | $0 |
Cynthia Carrasco Trustee | Trustee | 1 | $0 |
Randy Adams Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sycamore Engineering Plumbing, Electrical, General Maintenanc | 6/29/22 | $1,289,888 |
Central Restaurant Products Food Service Products | 6/29/22 | $716,207 |
Bon Appetit Food Service | 6/29/22 | $449,914 |
Fheg Store #1092 Bookstore | 6/29/22 | $252,438 |
Sisters Of Providence Utliities, Fuel, Garage Services, Genera | 6/29/22 | $229,833 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $25,425 |
| Related organizations | $0 |
| Government grants | $924,225 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,793,659 |
| Noncash contributions included in lines 1a–1f | $85,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,743,309 |
| Total Program Service Revenue | $25,296,764 |
| Investment income | $298,241 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,093 |
| Net Income from Fundraising Events | -$18,830 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $33,509,034 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $9,926,200 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $739,175 |
| Compensation of current officers, directors, key employees. | $391,762 |
| Compensation to disqualified persons | $10,904,521 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $276,275 |
| Other employee benefits | $1,239,003 |
| Payroll taxes | $683,638 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,130 |
| Fees for services: Accounting | $222,002 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $591,147 |
| Advertising and promotion | $313,333 |
| Office expenses | $251,275 |
| Information technology | $850,416 |
| Royalties | $0 |
| Occupancy | $1,781,249 |
| Travel | $401,349 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $88,872 |
| Interest | $1,351,712 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,565,017 |
| Insurance | $284,940 |
| All other expenses | $0 |
| Total functional expenses | $34,866,936 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,741,825 |
| Savings and temporary cash investments | $42,795 |
| Pledges and grants receivable | $884,164 |
| Accounts receivable, net | $780,046 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,106,875 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $246,795 |
| Net Land, buildings, and equipment | $43,015,564 |
| Investments—publicly traded securities | $1,418,834 |
| Investments—other securities | $144,127 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,201,586 |
| Total assets | $51,582,611 |
| Accounts payable and accrued expenses | $1,711,874 |
| Grants payable | $0 |
| Deferred revenue | $407,863 |
| 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 | $37,465,446 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $448,032 |
| Total liabilities | $40,033,215 |
| Net assets without donor restrictions | -$6,902,770 |
| Net assets with donor restrictions | $18,452,166 |
| 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 | $51,582,611 |