Thomas Aquinas College
- Assets
- $141.7m
- Revenue
- $36.8m
- Investments
- $1.1m
- Employees
- 694
- Location
- Santa Paula, CA
- Founding
- 11/1969
- Data as of
- 06/2022
- EIN
- 94-1698615
Organization Overview
Thomas Aquinas College is located in Santa Paula, CA. The organization was established in 1969. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2022, Thomas Aquinas College employed 694 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thomas Aquinas College 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 06/2022, Thomas Aquinas College generated $36.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $37.7m during the year ending 06/2022. While expenses have increased by 9.1% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
POST SECONDARY EDUCATION-EDUCATIONAL ACTIVITIES
Describe the Organization's Program Activity:
EDUCATIONAL ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew W Zepeda Board Member | Trustee | 0 | $0 |
R James Wensley Board Member | Trustee | 0 | $0 |
Esther Wachtell Board Member | Trustee | 0 | $0 |
Donald E Swartz Board Member | Trustee | 0 | $0 |
Lloyd Noble II Board Member | Trustee | 0 | $0 |
Bernarda Neal Board Member | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wiggin Hydroseed Landscape Hydroseedling | 6/29/22 | $780,120 |
Eli Painting Painting | 6/29/22 | $257,600 |
Robert Hubbard Plumbing Plumbing | 6/29/22 | $129,112 |
Donald Damian Jr Floor Coverings | 6/29/22 | $105,454 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,355,573 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,706,028 |
| Noncash contributions included in lines 1a–1f | $2,830,612 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,061,601 |
| Total Program Service Revenue | $17,494,354 |
| Investment income | $412,785 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $278,157 |
| Net Rental Income | $288,570 |
| Net Gain/Loss on Asset Sales | $169,742 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $28,645 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $36,779,950 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,062,258 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $394,069 |
| Compensation of current officers, directors, key employees. | $175,071 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,476,705 |
| Pension plan accruals and contributions | $489,058 |
| Other employee benefits | $3,043,541 |
| Payroll taxes | $1,005,464 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $45,042 |
| Fees for services: Accounting | $67,559 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $117,541 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,989,951 |
| Advertising and promotion | $113,018 |
| Office expenses | $835,637 |
| Information technology | $120,532 |
| Royalties | $0 |
| Occupancy | $3,058,923 |
| Travel | $315,213 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $161,782 |
| Interest | $216,090 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,353,770 |
| Insurance | $1,309,971 |
| All other expenses | $791,976 |
| Total functional expenses | $37,701,711 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $611,424 |
| Savings and temporary cash investments | $3,830,539 |
| Pledges and grants receivable | $3,123,152 |
| Accounts receivable, net | $437,172 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $349,977 |
| Inventories for sale or use | $95,880 |
| Prepaid expenses and deferred charges | $1,458,949 |
| Net Land, buildings, and equipment | $95,696,474 |
| Investments—publicly traded securities | $32,098,603 |
| Investments—other securities | $1,083,430 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,869,885 |
| Total assets | $141,655,485 |
| Accounts payable and accrued expenses | $3,014,659 |
| Grants payable | $0 |
| Deferred revenue | $1,413,826 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $8,600,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,891,722 |
| Total liabilities | $14,920,207 |
| Net assets without donor restrictions | $94,091,818 |
| Net assets with donor restrictions | $32,643,460 |
| 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 | $141,655,485 |