University Of Mary
- Assets
- $217.8m
- Revenue
- $95.4m
- Investments
- $0.0
- Employees
- 1,190
- Location
- Bismarck, ND
- Founding
- 04/1961
- Data as of
- 06/2021
- EIN
- 45-0273403
Organization Overview
University Of Mary is located in Bismarck, ND. The organization was established in 1961. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2021, University Of Mary employed 1,190 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Mary 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, University Of Mary generated $95.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $79.4m during the year ending 06/2021. While expenses have increased by 4.2% per year over the past 6 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.
Since 2015, University Of Mary has awarded 91 individual grants totaling $1,689,224. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
A PRIVATE INSTITUTION OF HIGHER EDUCATION OFFERING GRADUATE AND UNDERGRADUATE DEGREES.
Describe the Organization's Program Activity:
ACADEMIC DIVISIONS: THIS AREA CONTAINS THE CURRICULUM AND RELATED EXPENSES FOR ALL DIVISIONS OF THE COLLEGE, INCLUDING BOTH POST-SECONDARY EDUCATION AND GRADUATE PROGRAMS. UNIVERSITY OF MARY SERVES APPROXIMATELY 3,700 STUDENTS AND HAS 501 FACULTY MEMBERS. THEY HAVE FIVE SCHOOLS WITH MORE THAN 53 DEGREE PROGRAMS. IN ADDITION, THERE ARE 16 GRADUATE DEGREE PROGRAMS AND FOUR DOCTORAL DEGREES. THEY AVERAGE A PLACEMENT RATE OF APPROXIMATELY 94 PERCENT OVERALL FOR THEIR GRADUATES.
STUDENT AID & EXPENSES : UNIVERSITY OF MARY OFFERS VARIOUS TYPES OF FINANCIAL ASSISTANCE TO STUDENTS INCLUDING FEDERAL, STATE, AND PRIVATE PROGRAMS AS WELL AS OTHER FORMS OF STUDENT AID AND WORK PROGRAMS. DURING THE CURRENT YEAR, 1,951 STUDENTS RECEIVED SOME TYPE OF ACADEMIC STUDENT AID AND 343 STUDENTS RECEIVED ATHLETIC STUDENT AID. IN ADDITION, 46 INTERNATIONAL STUDENTS RECEIVED STUDENT AID.
AUXILIARY ACTIVITIES: AUXILIARY ACTIVITIES INCLUDES ALL STUDENT HOUSING AND FOOD SERVICES INCLUDING THE COST OF RESIDENCE HALLS, STUDENT APARTMENTS, AND STUDENT TRANSPORTATION SERVICE. THE UNIVERSITY OF MARY ALSO HAS A UNIVERSITY STORE, CAFETERIAS, SNACK BAR AND COFFEE SHOP.
EDUCATIONAL PLANT OPERATIONS, FINANCIAL AFFAIRS, GENERAL INSTITUTIONAL, PUBLIC AFFAIRS, ENROLLMENT SERVICES, AND ALL OTHER SERVICES INCLUDING GENERAL ADMINISTRATION, ACADEMIC AFFAIRS, STUDENT DEVELOPMENT, AND STUDENT SENATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerome Richter Executive Vice President | Officer | 40 | $175,171 |
Monsignor James P Shea President (see Sch O For Detail) | OfficerTrustee | 40 | $163,681 |
Diane Fladeland Vice President For Academic Affairs | 40 | $145,444 | |
Mary Dockter Dean Of School Of Health Science | 40 | $127,012 | |
Karel Sovak Dean Of School Of Business | 40 | $126,477 | |
Christi Schaefbauer Vice President For Financial Affairs | Officer | 40 | $124,170 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Compass Group Usa Inc Dining Services | 6/29/21 | $5,029,356 |
Weisz And Sons Inc Contracted Services | 6/29/21 | $3,074,565 |
Northwest Contracting Inc Contracted Services | 6/29/21 | $1,710,167 |
Alpha Video & Audio Inc Contracted Services | 6/29/21 | $822,191 |
Dynamic Campus Solutions Inc It Services | 6/29/21 | $2,191,244 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,856,786 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,117,557 |
| Noncash contributions included in lines 1a–1f | $156,930 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,974,343 |
| Total Program Service Revenue | $74,614,070 |
| Investment income | $1,337,579 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,225,988 |
| Net Income from Fundraising Events | $17,664 |
| Net Income from Gaming Activities | $49,460 |
| Net Income from Sales of Inventory | $181,201 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $95,416,601 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $149,050 |
| Grants and other assistance to domestic individuals. | $18,210,645 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $545,758 |
| Compensation of current officers, directors, key employees. | $508,818 |
| Compensation to disqualified persons | $171,782 |
| Other salaries and wages | $25,093,797 |
| Pension plan accruals and contributions | $1,440,669 |
| Other employee benefits | $4,133,005 |
| Payroll taxes | $1,931,926 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $347,786 |
| Fees for services: Accounting | $89,604 |
| Fees for services: Lobbying | $7,400 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,527,472 |
| Advertising and promotion | $1,434,912 |
| Office expenses | $2,632,801 |
| Information technology | $1,325,123 |
| Royalties | $0 |
| Occupancy | $2,509,716 |
| Travel | $529,579 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $353,530 |
| Interest | $2,260,011 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,852,040 |
| Insurance | $32,235 |
| All other expenses | $344,881 |
| Total functional expenses | $79,369,457 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $204,076 |
| Savings and temporary cash investments | $24,329,093 |
| Pledges and grants receivable | $12,371,758 |
| Accounts receivable, net | $3,895,685 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $8,180 |
| Inventories for sale or use | $453,061 |
| Prepaid expenses and deferred charges | $151,156 |
| Net Land, buildings, and equipment | $104,315,217 |
| Investments—publicly traded securities | $68,658,032 |
| Investments—other securities | $0 |
| Investments—program-related | $3,247,722 |
| Intangible assets | $0 |
| Other assets | $148,864 |
| Total assets | $217,782,844 |
| Accounts payable and accrued expenses | $7,306,789 |
| Grants payable | $11,700 |
| Deferred revenue | $13,895,770 |
| Tax-exempt bond liabilities | $38,209,667 |
| Escrow or custodial account liability | $696,209 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $9,465,677 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,891,258 |
| Total liabilities | $75,477,070 |
| Net assets without donor restrictions | $68,359,670 |
| Net assets with donor restrictions | $73,946,104 |
| 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 | $217,782,844 |
Grants Awarded
Over the last fiscal year, University Of Mary has awarded $80,187 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Bismarck, ND PURPOSE: General Operating | $20,000 |
Bismarck, ND PURPOSE: General Operating | $13,173 |
Golden Valley, MN PURPOSE: General Operating | $6,586 |
Bismarck, ND PURPOSE: General Operating | $6,586 |
Minot, ND PURPOSE: General Operating | $6,421 |
Minot, ND PURPOSE: General Operating | $6,421 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that University Of Mary has recieved totaling $5,565.
| Awarding Organization | Amount |
|---|---|
Advent Angels In My Hair Inc Monticello, MN PURPOSE: EDUCATION | $5,565 |
Endowment Analysis
| Beg. Balance | $55,238,936 |
| Earnings | $13,405,920 |
| Net Contributions | $2,431,891 |
| Grants | $2,350,355 |
| Ending Balance | $68,726,392 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of St Thomas St Paul, MN | $1,542,547,921 | $470,760,335 |
St Catherine University St Paul, MN | $366,048,829 | $154,511,110 |
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 |
St Marys University Of Minnesota Winona, MN | $202,355,583 | $108,114,364 |
Concordia University St Paul St Paul, MN | $168,274,815 | $110,114,191 |
University Of Mary Bismarck, ND | $217,782,844 | $95,416,601 |
Oglala Lakota College Kyle, SD | $137,238,021 | $52,971,579 |
Minneapolis College Of Art & Design Minneapolis, MN | $94,159,332 | $41,322,391 |
Crown College St Bonifacius, MN | $38,310,652 | $27,885,766 |
Lutherans Outdoors In South Dakota Inc Sioux Falls, SD | $6,849,322 | -$4,055,912 |
Bemidji State University Alumni And Foundation Bemidji, MN | $34,192,728 | $3,226,232 |