Viterbo College Inc
- Assets
- $139.3m
- Revenue
- $70.5m
- Investments
- $0.0
- Employees
- 1,264
- Location
- La Crosse, WI
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 39-0978445
Organization Overview
Viterbo College Inc is located in La Crosse, WI. 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 06/2021, Viterbo College Inc employed 1,264 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Viterbo 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, Viterbo College Inc generated $70.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $61.5m during the year ending 06/2021. While expenses have increased by 1.0% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE VITERBO UNIVERSITY COMMUNITY PREPARES STUDENTS FOR FAITHFUL SERVICE AND ETHICAL LEADERSHIP
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION - POST-SECONDARY EDUCATION, WITH PROGRAMS FOR TRADITIONAL UNDERGRADUATE STUDENTS, ACCELERATED PROGRAMS FOR WORKING ADULTS, AND GRADUATE EDUCATION FOR APPROXIMATELY 2,500 STUDENTS.
STUDENT SERVICES - STUDENT SUPPORT SERVICES PROVIDED FOR ALL STUDENTS, INCLUDING STUDENT ACTIVITIES, REGISTRAR, ADMISSIONS, FINANCIAL AID, HEALTH SERVICES, ATHLETICS, LEARNING CENTER, AND CAREER SERVICES.
AUXILIARY SERVICES - RESIDENCE HALLS AND FOOD SERVICE PROGRAMS, SERVING A RESIDENTIAL CAPACITY OF APPROXIMATELY 650 STUDENTS.
ACADEMIC SUPPORT, FINE ARTS, AND OTHER PUBLIC SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glena Temple President | OfficerTrustee | 40 | $246,624 |
Todd Ericson Secretary/treasurer | Officer | 40 | $157,746 |
Richard Trietley Jr VP Student Affairs | 40 | $143,984 | |
James Salmo VP Advancement | 40 | $138,742 | |
Sara Cook Dean, College Of Education | 40 | $128,775 | |
Michelle Kronfeld VP Enrollment Management | 40 | $121,022 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aramark Food Service | 6/29/21 | $2,088,046 |
Mayo Clinic Testing Services | 6/29/21 | $562,330 |
Fowler Hammer Construction Services | 6/29/21 | $372,478 |
La Crosse Glass Construction Services | 6/29/21 | $311,296 |
Ready Bus Line Transportation Services | 6/29/21 | $212,123 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,780,697 |
| Investment income | $1,837,180 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $26,117 |
| Net Gain/Loss on Asset Sales | $5,202,730 |
| Net Income from Fundraising Events | -$4,759 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $70,480,821 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $18,876,657 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $575,643 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,734,763 |
| Pension plan accruals and contributions | $623,134 |
| Other employee benefits | $3,515,577 |
| Payroll taxes | $1,423,519 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $61,495 |
| Fees for services: Accounting | $70,511 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $236,714 |
| Fees for services: Other | $6,159,129 |
| Advertising and promotion | $531,809 |
| Office expenses | $4,012,047 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,157,297 |
| Travel | $454,204 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,218 |
| Interest | $18,647 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,176,894 |
| Insurance | $248,162 |
| All other expenses | $0 |
| Total functional expenses | $61,500,311 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $13,459,891 |
| Pledges and grants receivable | $3,617,185 |
| Accounts receivable, net | $337,266 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $49,023 |
| Prepaid expenses and deferred charges | $963,615 |
| Investments—publicly traded securities | $68,039,770 |
| Investments—other securities | $0 |
| Investments—program-related | $2,514,218 |
| Intangible assets | $0 |
| Other assets | $623,925 |
| Total assets | $139,267,266 |
| Accounts payable and accrued expenses | $4,100,002 |
| Grants payable | $0 |
| Deferred revenue | $2,663,695 |
| Tax-exempt bond liabilities | $365,889 |
| 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 | $4,463,876 |
| Total liabilities | $11,593,462 |
| 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 | $127,673,804 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Viterbo College Inc has recieved totaling $292,819.
| Awarding Organization | Amount |
|---|---|
Elmwood Foundation Inc La Crosse, WI PURPOSE: GENERAL OPERATIONS | $100,000 |
Cedar Street Charitable Foundation Inc Milwaukee, WI PURPOSE: GENERAL | $85,000 |
Lacrosse Community Foundation La Crosse, WI PURPOSE: EDUCATION AND SCHOLA | $41,610 |
Mayo Clinic Group Return Rochester, MN PURPOSE: SUPPORT CHARITABLE PURPOSE | $33,500 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $11,209 |
Eau Claire Community Foundation Eau Claire, WI PURPOSE: SCHOLARSHIP | $7,500 |
Endowment Analysis
| Beg. Balance | $55,256,922 |
| Earnings | $13,711,124 |
| Net Contributions | $164,749 |
| Grants | $680,756 |
| Ending Balance | $68,452,039 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Concordia College Corporation Moorhead, MN | $403,850,675 | $127,833,637 |
Luther College Decorah, IA | $330,055,480 | $125,968,312 |
Albion College Albion, MI | $280,606,342 | $106,439,083 |
College Of St Scholastica Inc Duluth, MN | $228,173,776 | $117,585,202 |
Lawrence University Of Wisconsin Appleton, WI | $632,228,886 | $124,103,689 |
Lake Forest College Lake Forest, IL | $251,265,144 | $111,531,265 |
College Of St Benedict Business Off Saint Joseph, MN | $251,991,111 | $110,041,062 |
Kalamazoo College Kalamazoo, MI | $383,146,506 | $96,754,584 |
St Norbert College Inc De Pere, WI | $336,117,917 | $103,405,590 |
University Of Northwestern-St Paul St Paul, MN | $144,732,947 | $110,000,439 |
Millikin University Decatur, IL | $270,927,180 | $97,576,221 |
Wartburg College Waverly, IA | $247,960,217 | $101,117,542 |