Cardinal Stritch University Inc
- Assets
- $44.4m
- Revenue
- $43.6m
- Investments
- $0.0
- Employees
- 605
- Location
- Milwaukee, WI
- Founding
- 03/1946
- Data as of
- 07/2020
- 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 07/2021, Cardinal Stritch University Inc employed 605 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 07/2020, Cardinal Stritch University Inc generated $43.6m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $43.5m during the year ending 07/2020. As we would expect to see with falling revenues, expenses have declined by (2.7%) 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
2020
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 1,646 OF WHICH APPROXIMATELY 1,068 WERE UNDERGRADUATES AND 578 WERE GRADUATE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen A Rinehart Former President | 40 | $496,163 | |
Thomas J Congdon Treasurer | Officer | 40 | $255,007 |
Daniel J Scholz President | OfficerTrustee | 40 | $200,000 |
Gloria Jacobson Dean Of Nursing And Health Sciences | 40 | $197,081 | |
Tracy Fischer Secretary | Officer | 40 | $131,142 |
Donney Moroney VP Of Student Affairs | 40 | $123,053 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aladdin Food Mgmt Services Llc Food Service Provider | 7/30/21 | $711,965 |
Total Cleaning Systems Inc Cleaning Services | 7/30/21 | $547,102 |
Arlington Computer Products Inc It Management | 7/30/21 | $320,052 |
Executive Center 1 Ltd Partnership Property Management | 7/30/21 | $147,989 |
Ascedia Inc Web Services | 7/30/21 | $187,714 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,183,143 |
| Investment income | $595,145 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $26,685 |
| Net Gain/Loss on Asset Sales | $178,172 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $43,591,088 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $9,520,270 |
| Grants and other assistance to Foreign Orgs/Individuals | $3,512,557 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,283,478 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,920,980 |
| Pension plan accruals and contributions | $184,943 |
| Other employee benefits | $1,692,872 |
| Payroll taxes | $1,101,187 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $126,388 |
| Fees for services: Accounting | $52,270 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $75,973 |
| Fees for services: Other | $1,829,844 |
| Advertising and promotion | $236,480 |
| Office expenses | $442,820 |
| Information technology | $791,228 |
| Royalties | $3,845 |
| Occupancy | $3,194,713 |
| Travel | $313,628 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,459 |
| Interest | $407,846 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,460,017 |
| Insurance | $495,794 |
| All other expenses | $0 |
| Total functional expenses | $43,512,611 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,777,211 |
| Savings and temporary cash investments | $886,041 |
| Pledges and grants receivable | $387,346 |
| Accounts receivable, net | $2,390,904 |
| 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 | $381,035 |
| Investments—publicly traded securities | $15,322,630 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $156,136 |
| Total assets | $44,442,025 |
| Accounts payable and accrued expenses | $1,435,077 |
| Grants payable | $0 |
| Deferred revenue | $314,219 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $805,714 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $9,255,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $293,141 |
| Total liabilities | $12,103,151 |
| 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 | $32,338,874 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cardinal Stritch University Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Youth Foundation Inc Milwaukee, WI PURPOSE: EDUCATION | $1,000 |
Endowment Analysis
| Beg. Balance | $12,499,997 |
| Earnings | $4,619,953 |
| Net Contributions | $347,944 |
| Other Expense | $3,814,137 |
| Ending Balance | $13,653,757 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National-Louis University Wheeling, IL | $128,972,894 | $126,590,535 |
Carthage College Kenosha, WI | $408,772,143 | $125,157,339 |
Saint Xavier University Chicago, IL | $126,945,077 | $117,823,501 |
Saint Johns University Collegeville, MN | $539,721,260 | $137,542,573 |
Trustees Of The Hamline University Of Minnesota St Paul, MN | $258,196,075 | $118,390,066 |
Dominican University River Forest, IL | $154,609,403 | $111,703,155 |
St Ambrose University Davenport, IA | $330,550,712 | $111,513,726 |
St Marys University Of Minnesota Winona, MN | $202,355,583 | $108,114,364 |
Benedictine University Lisle, IL | $178,325,344 | $99,425,882 |
University Of Dubuque Dubuque, IA | $403,203,443 | $110,402,473 |
Concordia University Chicago River Forest, IL | $86,542,696 | $102,736,797 |
Concordia University St Paul St Paul, MN | $168,274,815 | $110,114,191 |