Cardinal Stritch University Inc
- Assets
- $48.6m
- Revenue
- $35.7m
- Investments
- $0.0
- Employees
- 583
- Location
- Milwaukee, WI
- Founding
- 03/1946
- Data as of
- 07/2021
- EIN
- 39-0806196
Organization Overview
Cardinal Stritch University Inc is located in Milwaukee, WI. 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 07/2023, Cardinal Stritch University Inc employed 583 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Cardinal Stritch University 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 07/2021, Cardinal Stritch University Inc generated $35.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $38.9m during the year ending 07/2021. As we would expect to see with falling revenues, expenses have declined by (3.8%) 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
CARDINAL STRITCH UNIVERSITY IS A COMPREHENSIVE, COEDUCATIONAL, INSTITUTION OFFERING EDUCATIONAL PROGRAMS LEADING TO ASSOCIATE, BACCALAUREATE, MASTERS AND DOCTORAL DEGREES IN A VARIETY OF DISCIPLINES PROVIDED THROUGH ITS THREE COLLEGES: COLLEGE OF UNDERGRADUATE STUDIES, COLLEGE OF GRADUATE STUDIES, AND THE RUTH S. COLEMAN COLLEGE OF NURSING AND HEALTH SCIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CARDINAL STRITCH UNIVERSITY IS A COMPREHENSIVE, COEDUCATIONAL, INSTITUTION OFFERING EDUCATIONAL PROGRAMS LEADING TO ASSOCIATE, BACCALAUREATE, MASTERS AND DOCTORAL DEGREES IN A VARIETY OF DISCIPLINES PROVIDED THROUGH ITS THREE COLLEGES: COLLEGE OF UNDERGRADUATE STUDIES, COLLEGE OF GRADUATE STUDIES, AND RUTH S. COLEMAN COLLEGE OF NURSING & HEALTH SCIENCES. TOTAL STUDENT ENROLLMENT WAS APPROXIMATELY 1,293 OF WHICH APPROXIMATELY 573 WERE UNDERGRADUATES AND 720 WERE GRADUATE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel J Scholz PHD President | OfficerTrustee | 40 | $248,811 |
Mary T Kellner PHD Bot Co-Chair | OfficerTrustee | 2 | $0 |
Gerard Randall Bot Co-Chair | OfficerTrustee | 2 | $0 |
Raymond Allen Trustee | Trustee | 2 | $0 |
Lisa Bangert-Balistreri Trustee | Trustee | 2 | $0 |
Tia Bojar PHD Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aladdin Food Mgmt Services Llc Food Service Provider | 7/30/23 | $738,047 |
Ccs Wisconsin Janitorial Inc Cleaning Provider | 7/30/23 | $604,966 |
Arlington Computer Products Inc It Management | 7/30/23 | $193,310 |
Lauber Business Partners Inc Contracted Employee - Financial Services | 7/30/23 | $130,500 |
Mcallister & Quinn Grant Consulting | 7/30/23 | $100,100 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,302,557 |
| Investment income | $748,610 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,042 |
| Net Gain/Loss on Asset Sales | $494,401 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $35,737,639 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $10,486,340 |
| Grants and other assistance to Foreign Orgs/Individuals | $249,222 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $534,866 |
| Compensation to disqualified persons | $25,001 |
| Other salaries and wages | $12,053,225 |
| Pension plan accruals and contributions | $187,193 |
| Other employee benefits | $1,499,057 |
| Payroll taxes | $981,119 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $43,636 |
| Fees for services: Accounting | $67,178 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $70,778 |
| Fees for services: Other | $1,693,280 |
| Advertising and promotion | $364,920 |
| Office expenses | $510,572 |
| Information technology | $1,300,907 |
| Royalties | $0 |
| Occupancy | $3,212,212 |
| Travel | $165,115 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,814 |
| Interest | $295,180 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,426,660 |
| Insurance | $423,310 |
| All other expenses | $0 |
| Total functional expenses | $38,937,485 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,955,195 |
| Savings and temporary cash investments | $878,976 |
| Pledges and grants receivable | $229,532 |
| Accounts receivable, net | $2,851,884 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $38,153 |
| Prepaid expenses and deferred charges | $546,928 |
| Investments—publicly traded securities | $16,130,265 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $176,665 |
| Total assets | $48,636,004 |
| Accounts payable and accrued expenses | $1,642,507 |
| Grants payable | $0 |
| Deferred revenue | $3,465,849 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $672,195 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $8,855,000 |
| Unsecured mortgages and notes payable | $950,000 |
| Other liabilities | $461,197 |
| Total liabilities | $16,046,748 |
| 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 | $32,589,256 |