Aquinas College Inc
- Assets
- $140.1m
- Revenue
- $65.3m
- Investments
- $0.0
- Employees
- 879
- Location
- Grand Rapids, MI
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 38-1367080
Organization Overview
Aquinas College Inc is located in Grand Rapids, MI. 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 06/2022, Aquinas College Inc employed 879 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Aquinas College Inc 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, Aquinas College Inc generated $65.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $59.9m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 7 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
AQUINAS COLLEGE STRIVES TO BE AMONG THE PREMIER CATHOLIC COLLEGES IN THE MIDWEST RECOGNIZED FOR ITS EXCELLENCE IN PREPARING THE WHOLE PERSON TO LEAD A LIFE OF PURPOSE AND SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AQUINAS COLLEGE SERVES 1,238 UNDERGRADUATE AND 124 GRADUATE STUDENT THE COLLEGE STRIVES TO PROVIDE A LIBERAL ARTS EDUCATION WITH A GLOBAL PERSPECTIVE, EMPHASIZING CAREER PREPARATION FOCUSED ON LEADERSHIP AND SERVICE TO OTHERS, ROOTED IN THE CATHOLIC DOMINICAN TRADITION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Quinn President | Officer | 40 | $291,566 |
Erin Craig VP For Enrollment Management | 40 | $199,560 | |
Lisa Vandeweert VP For Finance/cfo | Officer | 40 | $166,239 |
Stephen Germic Interim President | Officer | 40 | $170,786 |
Gina Ostergren Vice President For Advancement | 40 | $142,213 | |
Nicholas Davidson Vice President For Athletics | 40 | $103,205 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Creative Dining Services Dining Services | 6/29/22 | $2,075,191 |
Ellucian Company Lp Information Tech | 6/29/22 | $1,422,390 |
Waybetter Marketing Inc Marketing Campaigns | 6/29/22 | $199,882 |
Dean Trailways Of Michigan Transportation | 6/29/22 | $428,789 |
Presidio Technology Capital Information Tech | 6/29/22 | $197,574 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,859,270 |
| Investment income | $960,395 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $166,490 |
| Net Gain/Loss on Asset Sales | $6,442,367 |
| Net Income from Fundraising Events | -$30,731 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $65,312,354 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $22,958,476 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,525,600 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $444,449 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,426,975 |
| Pension plan accruals and contributions | $1,917 |
| Other employee benefits | $3,140,657 |
| Payroll taxes | $868,743 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $218,067 |
| Fees for services: Accounting | $85,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $93,719 |
| Fees for services: Investment Management | $257,930 |
| Fees for services: Other | $3,860,002 |
| Advertising and promotion | $447,427 |
| Office expenses | $302,516 |
| Information technology | $1,393,674 |
| Royalties | $0 |
| Occupancy | $1,819,705 |
| Travel | $396,315 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,205,883 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,800,117 |
| Insurance | $251,997 |
| All other expenses | $0 |
| Total functional expenses | $59,946,129 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $600 |
| Savings and temporary cash investments | $2,391,021 |
| Pledges and grants receivable | $3,925,436 |
| Accounts receivable, net | $1,030,807 |
| 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 | $444,992 |
| Investments—publicly traded securities | $49,006,607 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,786,745 |
| Total assets | $140,086,964 |
| Accounts payable and accrued expenses | $3,699,366 |
| Grants payable | $0 |
| Deferred revenue | $245,090 |
| Tax-exempt bond liabilities | $15,198,600 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $100,000 |
| Secured mortgages and notes payable | $15,214,714 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,860,959 |
| Total liabilities | $36,318,729 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $103,768,235 |
Grants Awarded
Over the last fiscal year, Aquinas College Inc has awarded $13,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DOMINICAN SISTERS PURPOSE: SUPPORT | $6,000 |
GRAND VALLEY STATE UNIVERSITY PURPOSE: SUPPORT | $7,500 |