St Marys College Of California
- Assets
- $388.8m
- Revenue
- $191.3m
- Investments
- $41.8m
- Employees
- 1,984
- Location
- Moraga, CA
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 94-1156599
Organization Overview
St Marys College Of California is located in Moraga, CA. 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 06/2022, St Marys College Of California employed 1,984 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. St Marys College Of California 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 Marys College Of California generated $191.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $178.7m 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
AN INSTITUTION OF HIGHER EDUCATION THAT GRANTS ASSOCIATE, BACCALAUREATE, AND MASTERS DEGREES IN LIBERAL ARTS, SCIENCE, BUSINESS ADMINISTRATION AND EDUCATION, AS WELL AS A DOCTORATE IN EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HIGHER EDUCATION: INSTRUCTION, DEPARTMENTAL RESEARCH, STUDENT AID, LIBRARY, ART MUSEUM, RESIDENCE HALLS, DINING, INTERCOLLEGIATE ATHLETICS FOR OVER 3,700 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randall W Bennett Head Coach - Men Basketball | 40 | $1,031,969 | |
Michael Matoso Vice President For Athletics | Officer | 40 | $346,143 |
Susan Collins Vice President For Finance And Administration | Officer | 40 | $304,793 |
Elizabeth Davis Dean, Economics & Business | 40 | $287,998 | |
Margaret Kasimatis Provost & Sr. Vice President For Academic Affairs | Officer | 40 | $282,306 |
Sankaran Venkateswar Associate Professor | 40 | $247,143 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Labor Unlimited Inc Construction | 6/29/22 | $4,645,008 |
Able Building Maintenance Co Janitorial | 6/29/22 | $3,178,744 |
(Wc) Heffernan Ins Brokers Insurance | 6/29/22 | $2,257,612 |
Cal Mill Equipment Construction | 6/29/22 | $1,861,821 |
Ferrilli Information Group Technology Consulting | 6/29/22 | $1,179,185 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,847,339 |
| Investment income | $5,221,625 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,001,609 |
| Net Rental Income | $99,158 |
| Net Gain/Loss on Asset Sales | $15,819,024 |
| Net Income from Fundraising Events | $162,552 |
| Net Income from Gaming Activities | $23,364 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $191,255,729 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $60,769,417 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,888,475 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $60,043,907 |
| Pension plan accruals and contributions | $1,274,870 |
| Other employee benefits | $9,219,738 |
| Payroll taxes | $4,394,734 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $169,934 |
| Fees for services: Accounting | $192,006 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,061,144 |
| Fees for services: Other | $6,366,418 |
| Advertising and promotion | $1,484,319 |
| Office expenses | $1,027,063 |
| Information technology | $3,588,307 |
| Royalties | $0 |
| Occupancy | $7,740,414 |
| Travel | $3,308,407 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,488,155 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,897,052 |
| Insurance | $2,014,174 |
| All other expenses | $0 |
| Total functional expenses | $178,724,332 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $16,357,311 |
| Pledges and grants receivable | $7,431,430 |
| Accounts receivable, net | $4,020,119 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $792,168 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,906,447 |
| Investments—publicly traded securities | $187,984,911 |
| Investments—other securities | $41,802,852 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $656,597 |
| Total assets | $388,767,546 |
| Accounts payable and accrued expenses | $14,326,331 |
| Grants payable | $0 |
| Deferred revenue | $5,297,140 |
| Tax-exempt bond liabilities | $53,229,153 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,362,573 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $22,465,501 |
| Total liabilities | $97,680,698 |
| 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 | $291,086,848 |