Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $22,044

• 1e · Government grants (contributions)

  $356,802

• 1f · All other contributions, gifts and grants

  $977,627

• 1g · Noncash contributions included above

  $9,994

• 2a · Program service revenue: Tuition and Fees

  total $38,753,782 · related or exempt $38,753,782

• 2b · Program service revenue: Residence & Dining

  total $7,967,269 · related or exempt $7,967,269

• 2c · Program service revenue: Miscellaneous Revenue

  total $2,284,552 · excluded $2,284,552

• 2d · Program service revenue: Sports & Recreation

  total $1,019,617 · unrelated business $1,019,617

• 3 · Investment income

  total $428,731 · excluded $428,731

• 7a · Gross sales of assets other than inventory

  securities $4,465,834 · other assets $1,473,141

• 7b · Less cost or other basis and sales expenses

  securities $3,863,205 · other assets $13,800

• 7c · Gain or loss

  securities $602,629 · other assets $1,459,341

• 7d · Net gain or loss

  total $2,061,970 · excluded $2,061,970

• 8a · Fundraising events: gross income

  $117,100

• 8a · Fundraising events: contributions included on line 1c

  $22,044

• 8b · Fundraising events: direct expenses

  $45,486

• 8c · Net income from fundraising events

  total $71,614 · excluded $71,614

• 11a · Other revenue: Gain on Bond Refinancing

  total $428,793 · excluded $428,793

• 11e · Other revenue, total

  $428,793

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $20,422,451 · program services $20,422,451

• 5 · Compensation of officers, directors and key employees

  total $1,200,118 · program services $1,200,118

• 7 · Other salaries and wages

  total $15,026,421 · program services $13,523,779 · management and general $1,202,114 · fundraising $300,528

• 8 · Pension plan contributions

  total $147,175 · program services $132,457 · management and general $11,774 · fundraising $2,944

• 9 · Other employee benefits

  total $1,803,692 · program services $1,623,323 · management and general $144,295 · fundraising $36,074

• 10 · Payroll taxes

  total $1,115,932 · program services $1,004,339 · management and general $89,275 · fundraising $22,318

• 11b · Fees: legal

  total $83,944 · management and general $83,944

• 11c · Fees: accounting

  total $66,662 · management and general $66,662

• 11f · Fees: investment management

  total $92,056 · management and general $92,056

• 11g · Fees: other

  total $2,602,685 · program services $2,342,416 · management and general $208,215 · fundraising $52,054

• 12 · Advertising and promotion

  total $2,065,408 · program services $1,858,867 · management and general $165,233 · fundraising $41,308

• 13 · Office expenses

  total $533,355 · program services $480,020 · management and general $42,668 · fundraising $10,667

• 14 · Information technology

  total $1,210,534 · program services $1,210,534

• 16 · Occupancy

  total $1,499,374 · program services $1,371,759 · management and general $121,934 · fundraising $5,681

• 17 · Travel

  total $469,904 · program services $422,914 · management and general $37,592 · fundraising $9,398

• 20 · Interest

  total $530,705 · program services $477,635 · management and general $42,456 · fundraising $10,614

• 22 · Depreciation, depletion and amortization

  total $2,654,813 · program services $2,389,332 · management and general $212,385 · fundraising $53,096

• 23 · Insurance

  total $414,934 · program services $394,187 · management and general $20,747

• 24a · Other expenses: Miscellaneous Expenses

  total $1,542,646 · program services $1,406,996 · management and general $125,066 · fundraising $10,584

• 24b · Other expenses: Food Services

  total $1,103,719 · program services $1,103,719

• 24c · Other expenses: Bad Debt Expense

  total $406,084 · program services $406,084

• 24d · Other expenses: Membership & Dues

  total $223,695 · program services $212,510 · management and general $11,185

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $28,303 · end of year $50,604

• 2 · Savings and temporary cash investments

  beginning of year $2,172,053 · end of year $888,840

• 3 · Pledges and grants receivable

  beginning of year $122,718 · end of year $107,855

• 4 · Accounts receivable

  beginning of year $701,627 · end of year $894,960

• 7 · Other notes and loans receivable

  beginning of year $871,651 · end of year $697,221

• 8 · Inventories for sale or use

  beginning of year $60,743 · end of year $57,133

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,572,461 · end of year $3,159,281

• 10a · Land, buildings and equipment: cost or other basis

  $84,350,011

• 10b · Land, buildings and equipment: accumulated depreciation

  $44,709,141

• 10c · Land, buildings and equipment, net

  beginning of year $40,431,175 · end of year $39,640,870

• 11 · Investments: publicly traded securities

  beginning of year $15,324,786 · end of year $16,210,942

• 14 · Intangible assets

  beginning of year $253,153 · end of year $225,025

• 15 · Other assets

  beginning of year $2,770,717 · end of year $2,334,429

• 17 · Accounts payable and accrued expenses

  beginning of year $2,936,978 · end of year $2,495,008

• 19 · Deferred revenue

  beginning of year $1,208,070 · end of year $1,868,904

• 20 · Tax-exempt bond liabilities

  beginning of year $12,336,222 · end of year $10,511,727

• 25 · Other liabilities

  beginning of year $1,119,754 · end of year $2,550,332

• 27 · Net assets without donor restrictions

  beginning of year $27,282,609 · end of year $29,442,594

• 28 · Net assets with donor restrictions

  beginning of year $19,425,754 · end of year $17,398,595

The filer's explanations (Part III)

Part I, Line 1a

The College provided a taxable housing allowance and automobile allowance benefits to Dr. James S. Dlugos, Former President, in the amount of $18,888 and $9,600, respectively. The College provided a taxable housing allowance and moving expense allowance benefit to Dr. Monique LaRocque, Senior Vice President/Past Interim President, in the amount of $12,000 and $22,500, respectively. The College provided a taxable automobile allowance benefit to Joseph Cassidy, President, in the amount of $5,538.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• Charitable Remainder Annuity Trust (1)

  T · Trust · CA · controlled entity

  Directly controlled by Trustees of Saint Joseph's College