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Nonprofiteer
← AQUINAS COLLEGE

Form 990 for tax year 2023

Filed by AQUINAS COLLEGE.

Totals

Total revenue
$2,790,960
Total expenses
$2,101,725
Contributions and grants received
$1,170,065
Grants paid
$0
Program service revenue
$1,442,417
Investment income
$178,478
Other revenue
$0
Total assets, end of year
$20,509,316
Total liabilities, end of year
$266,359
Net assets or fund balances, end of year
$20,242,957
Program services expenses (Part IX)
$1,395,840
Management and general expenses
$693,936
Fundraising expenses
$11,949
Program service expenses (Part III)
$1,395,840

Program services were 66.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $799,509

  • 1f · All other contributions, gifts and grants

    $370,556

  • 1g · Noncash contributions included above

    $16,299

  • 2a · Program service revenue: TUITION AND FEES

    total $1,281,223 · related or exempt $1,281,223

  • 2b · Program service revenue: SIENA HALL RENTAL INCOME

    total $129,210 · related or exempt $129,210

  • 2c · Program service revenue: WORKSHOP, CATECHETICAL

    total $27,630 · related or exempt $27,630

  • 2d · Program service revenue: SUPPLY, OTHER

    total $4,354 · related or exempt $4,354

  • 3 · Investment income

    total $205,216 · excluded $205,216

  • 7a · Gross sales of assets other than inventory

    securities $130,000

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

    securities $149,584 · other assets $7,154

  • 7c · Gain or loss

    securities -$19,584 · other assets -$7,154

  • 7d · Net gain or loss

    total -$26,738 · related or exempt -$7,154 · excluded -$19,584

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $874,599 · program services $726,544 · management and general $140,495 · fundraising $7,560

  • 8 · Pension plan contributions

    total $5,931 · program services $5,562 · management and general $369

  • 9 · Other employee benefits

    total $45,458 · program services $36,319 · management and general $9,139

  • 10 · Payroll taxes

    total $30,661 · program services $24,264 · management and general $5,819 · fundraising $578

  • 11b · Fees: legal

    total $10,712 · management and general $10,712

  • 11g · Fees: other

    total $299,545 · management and general $299,545

  • 12 · Advertising and promotion

    total $2,135 · program services $867 · management and general $1,268

  • 13 · Office expenses

    total $21,550 · program services $16,643 · management and general $4,907

  • 16 · Occupancy

    total $323,787 · program services $251,498 · management and general $72,289

  • 17 · Travel

    total $6,552 · program services $4,743 · management and general $1,799 · fundraising $10

  • 19 · Conferences, conventions and meetings

    total $13,168 · program services $8,543 · management and general $4,590 · fundraising $35

  • 22 · Depreciation, depletion and amortization

    total $240,765 · program services $167,923 · management and general $72,842

  • 23 · Insurance

    total $10,084 · program services $311 · management and general $9,773

  • 24a · Other expenses: ONLINE COMPUTER SERVICES

    total $72,277 · program services $70,301 · management and general $1,497 · fundraising $479

  • 24b · Other expenses: EQUIPMENT MAINTENANCE

    total $67,227 · program services $52,574 · management and general $14,653

  • 24c · Other expenses: SUPPLIES

    total $27,736 · program services $18,226 · management and general $9,510

  • 24d · Other expenses: MEMBERSHIP DUES

    total $21,421 · program services $3,478 · management and general $17,943

  • 24e · All other expenses

    total $28,117 · program services $8,044 · management and general $16,786 · fundraising $3,287

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $2,300,021 · end of year $2,667,319

  • 3 · Pledges and grants receivable

    end of year $63,751

  • 4 · Accounts receivable

    beginning of year $28,226 · end of year $13,010

  • 9 · Prepaid expenses and deferred charges

    beginning of year $39,853 · end of year $61,577

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

    $16,732,161

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

    $4,808,077

  • 10c · Land, buildings and equipment, net

    beginning of year $11,477,802 · end of year $11,924,084

  • 11 · Investments: publicly traded securities

    beginning of year $5,062,153 · end of year $5,762,684

  • 15 · Other assets

    beginning of year $21,642 · end of year $16,891

  • 17 · Accounts payable and accrued expenses

    beginning of year $66,667 · end of year $195,699

  • 19 · Deferred revenue

    beginning of year $74,275 · end of year $70,660

  • 27 · Net assets without donor restrictions

    beginning of year $13,043,760 · end of year $13,643,890

  • 28 · Net assets with donor restrictions

    beginning of year $5,744,995 · end of year $6,599,067

Mission and programs · 2023

Mission

EDUCATION

  • AQUINAS COLLEGE IS A TENNESSEE NONPROFIT CORPORATION CHARTERED JUNE 24, 1970. IT OPERATES A PRIVATE CATHOLIC INSTITUTION OF HIGHER EDUCATION.

    Expenses $1,395,840 · Revenue $1,435,263

  • DONATED SERVICES OF THE MEMBERS OF THE DOMINICAN CONGREGATION (RELIGIOUS ORDER) VALUE AT 282,207.

As filed on the 2023 return.

Listed in Part VII

  • Dr Wiliam Smart

    VICE PRESIDE

    Total calculated
    $102,405
    From this org
    $102,405
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Mr Stephen Bachus

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mr Clark Baker

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mr Mark Cordova

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Rev Mr Mark C Faulkner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr Rebecca Hammel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mr Richard Johnson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sister Maria Frassati Kieckhefer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mr Paschal O'Dwyer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mother Anna Grace Neenan Op

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Sister Cecilia Anne Wanner Op

    PRESIDENT

    Total calculated
    $0
    Hours/week
    35

  • Sister John Mary Fleming Op

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Sister Mary Peter Muehlenkamp Op

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sister John Paul Myers Op

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mr William Whalen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • ST CECILIA CONGREGATION

    501C3 · OWNS AC · TN

  • DOMINICAN CAMPUS

    501C3 · ADMIN SERV · TN

    Directly controlled by SCC ST CECILIA CONGREGATION

  • OVERBROOK SCHOOL

    501C3 · PARTNER · TN

    Directly controlled by SCC ST CECILIA CONGREGATION

  • ST CECILIA ACADEMY

    501C3 · PARTNER · TN

    Directly controlled by SCC ST CECILIA CONGREGATION

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.0
Source object
202413199349302381

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