St Thomas University Inc
- Assets
- $137.7m
- Revenue
- $75.8m
- Investments
- $1.6m
- Employees
- 1,389
- Location
- Miami, FL
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 59-0949880
Organization Overview
St Thomas University Inc is located in Miami, FL. 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 06/2021, St Thomas University Inc employed 1,389 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. St Thomas 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 06/2021, St Thomas University Inc generated $75.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $56.8m during the year ending 06/2021. 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSOCIATION OF COLLEGES AND SCHOOLS AND FIRST ACCREDITED BY THE PROFESSIONAL SUCCESS OF ITS STUDENTS WHO BECOME ETHICAL LEADERS IN OUR GLOBAL COMMUNITY. ST. THOMAS UNIVERSITY WAS ACCEPTED AS A MEMBER OF THE SOUTHERN COMMISSION ON COLLEGES IN 1968. ST. THOMAS IS ACCREDITED TO AWARD BACHELORS, MASTER AND JURIS DOCTOR DEGREES. THE FALL 2020 FTE (IPED DEFINITION) ENROLLMENT SHOWS A TOTAL OF 1,797 UNDERGRADUATE STUDENTS INCLUDING DUAL ENROLLMENT, 1,560 GRADUATE STUDENTS AND 780 LAW STUDENTS. TUITION FOR ACADEMIC YEAR 2020-2021 WAS $32,940 FOR FULL TIME UNDERGRADUATE STUDENTS AND $43,420 FOR FULL TIME LAW STUDENTS. GRADUATE TUITION RANGED BETWEEN $500 AND $1,025 PER CREDIT. CERTAIN PROGRAMS WERE OFFERED AT A DISCOUNTED RATE.
ST. THOMAS UNIVERSITY PROVIDES THE OPPORTUNITY FOR COMMUNITY LIVING BASED UPON THE CATHOLIC PHILOSOPHY OF MUTUAL RESPECT FOR THE RIGHTS OF EACH INDIVIDUAL. THE RESIDENCE HALL ARRANGEMENTS ENCOURAGE AUTONOMY, THE DEVELOPMENT OF INTERPERSONAL RELATIONSHIPS, ALONG WITH THE CONVENIENCE OF RESIDING ON CAMPUS. ST. THOMAS UNIVERSITY HAD 523 STUDENTS LIVING ON CAMPUS DURING THE FALL 2020 AND 492 DURING SPRING 2021.
HUMAN RIGHTS INSTITUTE - THE INSTITUTE IS FUNDED BY THE U.S. DEPARTMENT OF HEALTH AND HUMAN SERVICES PROVIDING IMMIGRATION LEGAL SERVICES TO QUALIFIED CUSTOMERS FREE OF CHARGE. ST. THOMAS UNIVERSITY IS REIMBURSED BY THE STATE OF FLORIDA DEPARTMENT OF CHILDREN AND FAMILIES (PASS THROUGH AGENCY) VIA CHURCH WORLD SERVICES. ST. THOMAS UNIVERSITY IS REIMBURSED BASED ON A NEGOTIATED FEE FOR SERVICES UP TO THE AMOUNT OF EXPENSES INCURRED. IN ADDITION TO REPORTING THE NUMBER OF CLIENTS SERVED, ST. THOMAS UNIVERSITY REPORTS OPERATIONAL EXPENSES OF THE HUMAN RIGHTS INSTITUTE ON A QUARTERLY BASIS. APPROXIMATELY 1,465 CLIENTS WERE SERVED IN FISCAL YEAR 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David A Armstrong President | Officer | 35 | $448,000 |
Tamara F Lawson Dean | Officer | 35 | $266,000 |
Jeremy L Moreland Provost & Chief Academic Off. | Officer | 35 | $246,000 |
Alfredo Garcia Professor Of Law | 35 | $237,500 | |
Siegfried Wiessner Director | 35 | $208,937 | |
Jameka A Windham Chief Of Staff | Officer | 35 | $205,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ellucian Company Lp It Software/support | 6/29/21 | $2,017,183 |
Academic Partnerships Online Education | 6/29/21 | $1,092,613 |
United Healthcare Student Reso Health Insurance | 6/29/21 | $924,241 |
Metz Culinary Management Food Services | 6/29/21 | $1,258,054 |
Fpl Electricity | 6/29/21 | $968,969 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $51,565 |
| Related organizations | $0 |
| Government grants | $6,083,936 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,447,088 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,582,589 |
| Total Program Service Revenue | $59,799,676 |
| Investment income | $813,335 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $5,240 |
| Net Rental Income | $42,777 |
| Net Gain/Loss on Asset Sales | $1,344,803 |
| Net Income from Fundraising Events | $20,996 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $75,829,277 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $487,759 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,831,044 |
| Compensation of current officers, directors, key employees. | $785,514 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $24,511,489 |
| Pension plan accruals and contributions | $589,785 |
| Other employee benefits | $2,575,704 |
| Payroll taxes | $2,082,027 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $134,603 |
| Fees for services: Accounting | $102,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $48,774 |
| Fees for services: Other | $810,997 |
| Advertising and promotion | $544,194 |
| Office expenses | $2,231,241 |
| Information technology | $3,405,938 |
| Royalties | $0 |
| Occupancy | $3,028,767 |
| Travel | $756,345 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,392,236 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,533,818 |
| Insurance | $908,077 |
| All other expenses | $1,837,381 |
| Total functional expenses | $56,767,275 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,846,206 |
| Savings and temporary cash investments | $130,087 |
| Pledges and grants receivable | $13,437,506 |
| Accounts receivable, net | $4,092,670 |
| 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 | $392,344 |
| Net Land, buildings, and equipment | $72,275,099 |
| Investments—publicly traded securities | $39,666,152 |
| Investments—other securities | $1,624,735 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $212,353 |
| Total assets | $137,677,152 |
| Accounts payable and accrued expenses | $7,634,253 |
| Grants payable | $0 |
| Deferred revenue | $6,096,390 |
| Tax-exempt bond liabilities | $22,368,133 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $12,620,833 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $13,891,474 |
| Total liabilities | $62,611,083 |
| Net assets without donor restrictions | $35,732,057 |
| Net assets with donor restrictions | $39,334,012 |
| 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 | $137,677,152 |
Grants Awarded
Over the last fiscal year, St Thomas University Inc has awarded $387,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CODE FEVER MIAMI PURPOSE: COVID SUPPORT | $312,000 |
FOUNDATION FOR SICKLE CELL DISEASE RESEARCH PURPOSE: COVID SUPPORT | $75,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that St Thomas University Inc has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
John Charles & Kathryn S Redmond Foundation Blue Bell, PA PURPOSE: EDUCATION | $2,500 |
Endowment Analysis
| Beg. Balance | $31,262,200 |
| Earnings | $9,129,202 |
| Net Contributions | $1,070,816 |
| Grants | $1,419,753 |
| Ending Balance | $40,042,465 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lynn University Inc Boca Raton, FL | $203,973,646 | $119,511,324 |
Georgia Tech Athletic Association Atlanta, GA | $397,031,896 | $79,492,257 |
Life University Inc Marietta, GA | $133,814,718 | $85,437,129 |
Agnes Scott College Decatur, GA | $395,231,473 | $76,705,901 |
Brenau University Inc Gainesville, GA | $138,158,493 | $73,682,721 |
St Thomas University Inc Miami, FL | $137,677,152 | $75,829,277 |
Ave Maria University Inc Ave Maria, FL | $234,976,166 | $61,745,167 |
University Of Mobile Inc Mobile, AL | $69,808,365 | $44,907,754 |
Spring Hill College Mobile, AL | $150,301,897 | $36,801,063 |
Thomas University Inc Thomasville, GA | $24,383,052 | $20,548,175 |
Webber International University Inc Babson Park, FL | $22,918,487 | $19,317,100 |
Emory University Decatur, GA | $5,794,825 | $19,416,810 |