Mount Saint Marys University
- Assets
- $325.0m
- Revenue
- $120.5m
- Investments
- $146.2m
- Employees
- 1,622
- Location
- Los Angeles, CA
- Founding
- 03/1946
- Data as of
- 06/2020
- EIN
- 95-1641455
Organization Overview
Mount Saint Marys University is located in Los Angeles, 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, Mount Saint Marys University employed 1,622 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Mount Saint Marys University 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 06/2020, Mount Saint Marys University generated $120.5m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $121.4m during the year ending 06/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
MOUNT SAINT MARY'S UNIVERSITY, IS A CALIFORNIA NONPROFIT PUBLIC BENEFITS CORPORATION FOUNDED BY THE SISTERS OF ST. JOSEPH OF CARONDELET (PROVINCIALATE), A RELIGIOUS COMMUNITY OF THE ROMAN CATHOLIC CHURCH. THE UNIVERSITY WAS FOUNDED IN 1925 BY SISTERS OF ST. JOSEPH AND HAS OPERATED CONTINUOUSLY SINCE THAT DATE. THE OBJECTIVE OF MOUNT SAINT MARY'S UNIVERSITY AS A NONPROFIT EDUCATIONAL INSTITUTION IS SERVICE. THE UNIVERSITY HAS DEVOTED ITSELF TO EXCELLENCE IN LIBERAL ARTS AND SCIENCES AND GRANTS DEGREES IN ASSOCIATE, BACCALAUREATE, MASTERS AND DOCTOR PROGRAMS, WITH A SPECIAL FOCUS ON THE EDUCATION OF WOMEN FOR LEADERSHIP POSITIONS IN OUR SOCIETY.
Describe the Organization's Program Activity:
NSTRUCTION: MOUNT SAINT MARY'S UNIVERSITY PROVIDES VALUES BASED TRADITIONAL UNDERGRADUATE EDUCATION FOR WOMEN, AS WELL AS, INNOVATIVE NON-TRADITIONAL UNDERGRADUATE AND GRADUATE EDUCATIONAL PROGRAMS FOR WOMEN AND MEN. THE UNIVERSITY'S ACADEMIC PROGRAMS PLACE A STRONG EMPHASIS ON SOCIAL AND ETHICAL VALUES CONSISTENT WITH A VIEW OF COMPASSIONATE COMMUNITY INVOLVEMENT. SINCE ITS INCEPTION, THE UNIVERSITY HAS GRANTED MORE THAN 27,800 DEGREES. DURING THE FISCAL YEAR ENDED JUNE 30, 2021, THE UNIVERSITY ENROLLED APPROXIMATELY 1,430 FULL-TIME EQUIVALENTS (FTE) TRADITIONAL UNDERGRADUATE STUDENTS; 455 FTE NON-TRADITIONAL UNDERGRADUATE STUDENTS; AND 825 FTE GRADUATE STUDENTS.
AUXILIARY ENTERPRISES: MOUNT SAINT MARY'S UNIVERSITY AUXILIARY ENTERPRISES ARE COMPRISED OF RESIDENCE AND DINING HALLS, AND PARKING FACILITIES. DURING THE FISCAL YEAR ENDED JUNE 30, 2021, RESIDENCE HALL OCCUPANCY WAS GREATLY REDUCED DUE TO LOS ANGELES COUNTY MANDATE OF STUDENT CLOSURE DUE TO COVID-19 VIRUS. THE OCCUPANCY WAS REDUCED TO APPROXIMATELY 30 UNDERGRADUATE STUDENTS.
MOUNT SAINT MARY'S UNIVERSITY AND THE GEENA DAVIS INSTITUTE ON GENDER IN MEDIA (INSTITUTE) HAVE ESTABLISHED A LONG-TERM STRATEGIC ALLIANCE THAT CREATES NEW RESEARCH, EDUCATION AND ADVOCACY PROGRAMS UNDER MOUNT SAINT MARY'S UNIVERSITY. FOUNDED IN 2004 BY ACADEMY AWARD WINNING ACTOR AND ADVOCATE GEENA DAVIS, THE INSTITUTE AND ITS PROGRAMMING ARM, SEE JANE, IS THE ONLY RESEARCH-BASED ORGANIZATION WORKING WITHIN THE MEDIA AND ENTERTAINMENT INDUSTRY TO ENGAGE, EDUCATE, AND INFLUENCE THE NEED FOR GENDER BALANCE, REDUCING STEREOTYPING AND CREATING A WIDE VARIETY OF FEMALE CHARACTERS FOR ENTERTAINMENT TARGETING 11 YEARS OLD AND UNDER. THE INSTITUTE HAS AMASSED THE LARGEST BODY OF RESEARCH ON GENDER PREVALENCE IN ENTERTAINMENT SPANNING 20 YEARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Mcelaney-Johnson President | OfficerTrustee | 40 | $375,000 |
Debra Martin Corp Treasurer/vp Admin & Fin | Officer | 40 | $283,000 |
Stephanie Cubba VP Institutional Advancement | 40 | $246,276 | |
Robert Perrins Vice President Of Corp & Provost | Officer | 40 | $232,900 |
Brian O'rouke VP For Enrollment Management - Term 5/31/21 | 40 | $199,248 | |
Linda Mcmurdock VP Student Affairs | 40 | $192,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Vancrest Construction Corporation Construction | 6/29/21 | $1,466,202 |
Bon Appetit Management Company Restaurant Management | 6/29/21 | $1,576,125 |
Mindpower Inc Marketing | 6/29/21 | $1,033,255 |
Allied Universal Security Servcies Security | 6/29/21 | $890,875 |
Ellucian Company Computer Support | 6/29/21 | $1,319,270 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,094,853 |
| Investment income | $1,860,560 |
| Tax Exempt Bond Proceeds | $638,238 |
| Royalties | $0 |
| Net Rental Income | $50,244 |
| Net Gain/Loss on Asset Sales | $1,472,269 |
| Net Income from Fundraising Events | -$141,258 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $120,464,265 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $33,631,100 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,823,172 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $38,688,432 |
| Pension plan accruals and contributions | $2,814,913 |
| Other employee benefits | $5,570,930 |
| Payroll taxes | $2,938,890 |
| Fees for services: Management | $3,664,015 |
| Fees for services: Legal | $151,589 |
| Fees for services: Accounting | $171,771 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $87,155 |
| Fees for services: Investment Management | $681,366 |
| Fees for services: Other | $1,086,223 |
| Advertising and promotion | $2,342,138 |
| Office expenses | $12,179,000 |
| Information technology | $1,623,637 |
| Royalties | $0 |
| Occupancy | $1,716,779 |
| Travel | $366,252 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $157,312 |
| Interest | $930,976 |
| Payments to affiliates | $131,979 |
| Depreciation, depletion, and amortization | $4,638,714 |
| Insurance | $615,181 |
| All other expenses | $0 |
| Total functional expenses | $121,385,363 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,128 |
| Savings and temporary cash investments | $40,713,582 |
| Pledges and grants receivable | $7,106,906 |
| Accounts receivable, net | $3,432,033 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,073,399 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $644,914 |
| Investments—publicly traded securities | $29,943,813 |
| Investments—other securities | $146,173,998 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $88,070 |
| Total assets | $325,045,397 |
| Accounts payable and accrued expenses | $7,606,580 |
| Grants payable | $423,605 |
| Deferred revenue | $4,359,390 |
| Tax-exempt bond liabilities | $39,615,038 |
| 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 | $13,441,358 |
| Other liabilities | $1,039,426 |
| Total liabilities | $66,485,397 |
| 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 | $258,560,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Mount Saint Marys University has recieved totaling $39,000.
| Awarding Organization | Amount |
|---|---|
Easton Family Foundation 110297 Indianapolis, IN PURPOSE: SUPPORT OF EDUCATIONAL ACTIVITIES. | $25,000 |
Los Angeles Philanthropic Foundation Los Angeles, CA PURPOSE: GRANTS FOR SCHOLARSHIPS | $14,000 |
Endowment Analysis
| Beg. Balance | $138,585,293 |
| Earnings | $49,593,006 |
| Admin Expense | $1,022,714 |
| Net Contributions | $3,096,287 |
| Grants | $9,469,977 |
| Ending Balance | $180,781,895 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chapman University Orange, CA | $2,132,825,456 | $697,718,019 |
Loyola Marymount University Los Angeles, CA | $1,676,232,440 | $723,872,616 |
Pepperdine University Malibu, CA | $2,047,744,709 | $580,174,202 |
University Of San Francisco San Francisco, CA | $1,277,161,356 | $554,812,646 |
University Of San Diego San Diego, CA | $1,513,056,957 | $520,612,377 |
President-Board Of Trustees Santa Clara College Santa Clara, CA | $2,958,910,318 | $543,668,030 |
National University San Diego, CA | $1,578,654,080 | $391,699,793 |
University Of The Pacific Stockton, CA | $1,331,534,766 | $478,311,062 |
Loma Linda University Loma Linda, CA | $1,843,254,584 | $350,502,232 |
Loma Linda University Shared Services Loma Linda, CA | $270,756,141 | $292,339,481 |
Azusa Pacific University Azusa, CA | $364,665,569 | $273,144,020 |
Biola University Inc La Mirada, CA | $495,437,445 | $217,190,577 |