Saint Marys University
- Assets
- $246.1m
- Revenue
- $131.5m
- Investments
- $69.4m
- Employees
- 0
- Location
- Founding
- 09/2018
- Data as of
- 03/2022
- 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. 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 03/2022, Saint Marys University generated $131.5m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $130.6m during the year ending 03/2022. While expenses have increased by 5.8% per year over the past 3 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OFFER UNDERGRADUATE, GRADUATE, & CONTINUING EDUCATION PROGRAMS; (CONTINUED ON SCHEDULE O)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.
SMU PROVIDES A WIDE RANGE OF OTHER SERVICES RELATED TO ITS CORE MISSION OF POST SECONDARY EDUCATION, RESEARCH AND OUTREACH INCLUDING ATHLETICS& RECREATION, DINING SERVICES, CAMPUS BOOKSTORE, AND CONFERENCES.
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.
SMU BELIEVES LIVING IN A RESIDENCE COMMUNITY PROVIDES STUDENTS WITH OPPORTUNITIES FOR LEARNING AND GROWTH THAT ARE EQUALLY AS VALUABLE AS THOSE AVAILABLE TO THEM IN THE CLASSROOM. AS SUCH, RESIDENCE AT SMU HAS BEEN DESIGNED TO REFLECT A COMMITMENT TO THE HOLISTIC DEVELOPMENT AND PERSONAL GROWTH OF OUR RESIDENCE COMMUNITY STUDENTS. SMU STRIVES TO ENSURE THAT THE RESIDENCE COMMUNITY FOLLOWS AN APPROACH BASED ON PROFESSIONAL BEST PRACTICES, AS WELL AS THE INTERESTS AND DEVELOPMENTAL NEEDS OF STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Robert Summerby-Murray President And Vice-Chancellor | OfficerTrustee | 41 | $265,462 |
Dr Harjeet Bhabra Dean Of Sobey School Of Business | Officer | 40 | $200,521 |
Dr Malcolm Butler Vp, Academic & Res. - Thru 06/2022 | Officer | 40 | $186,855 |
Dr Mary Ingraham Dean Of Arts | Officer | 40 | $165,385 |
Ms Erin Sargeant Greenwood Vp, Advancement | Officer | 40 | $192,919 |
Dr Esther Enns Assoc. Vp, Teaching & Learning | 40 | $191,358 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ellisdon Corporation Construction | 3/30/23 | $1,572,896 |
Able Electric Limited Construction | 3/30/23 | $2,014,811 |
Atlantica Mechanical Contractors Inc Construction | 3/30/23 | $3,242,464 |
Alvin Company Ltd Construction | 3/30/23 | $1,711,639 |
Aramark Canada Ltd Dining Services | 3/30/23 | $3,156,144 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $3,603 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $40,598,154 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,949,530 |
| Noncash contributions included in lines 1a–1f | $2,615,689 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $49,551,287 |
| Total Program Service Revenue | $75,082,653 |
| Investment income | $3,930,765 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $292,625 |
| Net Gain/Loss on Asset Sales | $1,087,125 |
| Net Income from Fundraising Events | $10,875 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $161,375 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $131,512,488 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $625 |
| Grants and other assistance to domestic individuals. | $114,526 |
| Grants and other assistance to Foreign Orgs/Individuals | $12,611,227 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,796,117 |
| Compensation of current officers, directors, key employees. | $802,836 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $67,288,216 |
| Pension plan accruals and contributions | $4,037,354 |
| Other employee benefits | $2,392,306 |
| Payroll taxes | $3,451,746 |
| Fees for services: Management | $96,640 |
| Fees for services: Legal | $319,905 |
| Fees for services: Accounting | $56,882 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $241,689 |
| Fees for services: Other | $5,717,438 |
| Advertising and promotion | $1,576,937 |
| Office expenses | $522,928 |
| Information technology | $4,013,096 |
| Royalties | $14,049 |
| Occupancy | $4,122,117 |
| Travel | $941,460 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $218,182 |
| Interest | $1,698,222 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,935,729 |
| Insurance | $318,832 |
| All other expenses | $3,686,714 |
| Total functional expenses | $130,580,084 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,616 |
| Savings and temporary cash investments | $30,568,545 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,641,677 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $526,889 |
| Prepaid expenses and deferred charges | $1,759,256 |
| Net Land, buildings, and equipment | $121,194,244 |
| Investments—publicly traded securities | $13,156,610 |
| Investments—other securities | $69,358,157 |
| Investments—program-related | $0 |
| Intangible assets | $1,052,970 |
| Other assets | $793,672 |
| Total assets | $246,064,636 |
| Accounts payable and accrued expenses | $8,867,888 |
| Grants payable | $0 |
| Deferred revenue | $10,996,849 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $37,189,974 |
| Other liabilities | $3,042,662 |
| Total liabilities | $60,097,373 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $51,196,777 |
| Paid-in or capital surplus, or land, building, or equipment fund | $88,129,997 |
| Retained earnings, endowment, accumulated income, or other funds | $46,640,489 |
| Total liabilities and net assets/fund balances | $246,064,636 |
Peer Organizations
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|---|