Saint Marys University
- Assets
- $203.6m
- Revenue
- $114.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Founding
- 09/2018
- Data as of
- 03/2018
- EIN
- 98-1358092
Organization Overview
Saint Marys University is located in null. The organization was established in 2018. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2018
Describe the Organization's Mission:
Part 3 - Line 1
OFFER UNDERGRADUATE, GRADUATE, & CONTINUING EDUCATION PROGRAMS; TO ENGAGE IN RESEARCH & DISSEMINATE ITS RESULTS; & TO SERVE THE LOCAL & INTERNATIONAL COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HIGHER EDUCATION: SMU IS A PUBLIC LIBERAL ARTS AND SCIENCE DEGREE-GRANTING INSTITUTION COMMITTED TO THE ENCOURAGEMENT AND FOSTERING OF CRITICAL, CREATIVE, AND INDEPENDENT THINKING. THROUGHOUT THE 2017-2018 FISCAL PERIOD, THERE WAS A TOTAL OF APPROXIMATELY 6,210 FULL-TIME STUDENTS AND 830 PART-TIME STUDENTS. THERE WERE 1,572 TOTAL GRADUATES.
RESEARCH: THE RESEARCH MISSION OF SMU IS TO ENGAGE IN RESEARCH THAT APPLIES TO, AND IS VALUED BY, COMMUNITIES FROM AROUND THE CORNER TO AROUND THE WORLD. OUR MISSION ALSO INVOLVES CULTIVATING INTELLECTUAL CURIOSITY AND CREATIVITY WITHIN OUR FACULTY AND STUDENTS.
SCHOLARSHIPS, BURSARIES & STUDENT AID: SMU OPERATES A ROBUST PROGRAM OF FINANCIAL SUPPORT THAT IS BASED ON MERIT AND NEED FOR STUDENTS STUDYING AT SMU. THIS INCLUDES PROVIDING STUDENTS WITH ACCESS TO A VARIETY OF FINANCIAL RESOURCES, TOOLS, AND INFORMATION; REWARDING ACADEMIC EXCELLENCE WITH AWARDS; OFFERING VALUABLE EXPERTISE ON GOVERNMENT LOANS; AND CREATING JOB OPPORTUNITIES FOR STUDENTS THROUGH THE WORK-STUDY PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Robert Sumerby-Murray President And Vice-Chancellor | OfficerTrustee | 40 | $239,139 |
Steven Smith Dean Of Science | 40 | $193,150 | |
Najah Attig Professor | 40 | $191,472 | |
Patricia Bradshaw Dean Of Sobey School Of Bus. | 40 | $187,994 | |
J Colin Dodds Professor | 40 | $177,955 | |
Gabrielle Morrison Vp, Finance & Admin | Officer | 40 | $175,592 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aramark Canada Ltd Meal Plan/catering | 3/30/18 | $3,684,381 |
Trampoline Creative Inc Branding/media | 3/30/18 | $528,475 |
Pcl Constructors Canada Inc Labor/materials | 3/30/18 | $496,031 |
Dexter Construction Co Ltd Labor/materials | 3/30/18 | $686,808 |
Interuniversity Services Inc Rfp Services | 3/30/18 | $1,252,557 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $37,851,660 |
| Investment income | $2,042,318 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $171,338 |
| Net Rental Income | $1,053,580 |
| Net Gain/Loss on Asset Sales | $420,949 |
| Net Income from Fundraising Events | $64,941 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$270,774 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $114,916,051 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $171,362 |
| Grants and other assistance to Foreign Orgs/Individuals | $6,118,362 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $899,481 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $58,641,787 |
| Pension plan accruals and contributions | $3,425,286 |
| Other employee benefits | $1,613,118 |
| Payroll taxes | $2,572,446 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $432,166 |
| Fees for services: Accounting | $49,734 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $157,687 |
| Fees for services: Other | $3,393,844 |
| Advertising and promotion | $1,164,111 |
| Office expenses | $3,823,970 |
| Information technology | $1,428,991 |
| Royalties | $0 |
| Occupancy | $3,313,981 |
| Travel | $3,707,434 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,930,155 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,584,057 |
| Insurance | $231,144 |
| All other expenses | $0 |
| Total functional expenses | $110,255,073 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $26,664,874 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,819,219 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $786,157 |
| Prepaid expenses and deferred charges | $1,355,050 |
| Investments—publicly traded securities | $54,540,318 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,026,932 |
| Other assets | $0 |
| Total assets | $203,587,516 |
| Accounts payable and accrued expenses | $7,960,744 |
| Grants payable | $0 |
| Deferred revenue | $16,754,551 |
| 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 | $31,320,040 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,188,616 |
| Total liabilities | $57,223,951 |
| Net assets without donor restrictions | $8,496,419 |
| Net assets with donor restrictions | $73,812,817 |
| Capital stock or trust principal, or current funds | $64,053,829 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $146,363,565 |
Endowment Analysis
| Beg. Balance | $24,947,912 |
| Earnings | $3,862,810 |
| Net Contributions | $446,858 |
| Other Expense | $1,085,175 |
| Ending Balance | $28,172,405 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hebrew University Association Jerusalem Palestine | $2,904,524,000 | $791,127,852 |
Mcmaster University Ontario | $2,111,626,167 | $868,664,422 |
University Of Saskatchewan | $1,944,445,047 | $717,162,062 |
Queens University At Kingston Department Of Financial Services | $2,151,670,567 | $760,216,380 |
Universite De Sherbrooke | $838,467,330 | $556,596,076 |
Simon Fraser University | $1,583,109,371 | $571,243,545 |
Dalhousie University | $1,465,191,000 | $543,867,000 |
Carleton University | $1,138,990,482 | $509,318,517 |
University Of Regina | $602,073,950 | $295,069,990 |
Brock University | $689,563,670 | $266,770,231 |
University Of Ontario Institute Of Technology | $407,918,861 | $158,240,829 |
Saint Marys University | $203,587,516 | $114,916,051 |