Skip to content
Nonprofiteer
← SAINT VINCENT COLLEGE

Form 990 for tax year 2024

Filed by SAINT VINCENT COLLEGE.

Totals

Total revenue
$119,006,596
Total expenses
$104,306,249
Contributions and grants received
$28,534,993
Grants paid
$32,589,408
Program service revenue
$75,092,997
Investment income
$12,741,152
Other revenue
$2,637,454
Total assets, end of year
$341,280,180
Total liabilities, end of year
$23,612,540
Net assets or fund balances, end of year
$317,667,640
Program services expenses (Part IX)
$90,388,325
Management and general expenses
$12,687,145
Fundraising expenses
$1,230,779
Program service expenses (Part III)
$90,388,325

Program services were 86.7% 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.

  • 1a · Federated campaigns

    $5,000

  • 1c · Fundraising events

    $106,610

  • 1d · Related organizations

    $15,270

  • 1e · Government grants (contributions)

    $5,089,549

  • 1f · All other contributions, gifts and grants

    $23,318,564

  • 1g · Noncash contributions included above

    $5,227,882

  • 2a · Program service revenue: TUITION AND FEES

    total $61,320,443 · related or exempt $61,320,443

  • 2b · Program service revenue: RESIDENCE HALL REVENUE

    total $6,956,941 · related or exempt $6,956,941

  • 2c · Program service revenue: DINING SERVICE REVENUE

    total $6,094,924 · related or exempt $6,094,924

  • 2d · Program service revenue: BOOKSTORE REVENUE

    total $598,632 · related or exempt $598,632

  • 2e · Program service revenue: OTHER AUXILIARY SERVICES

    total $122,057 · related or exempt $122,057

  • 3 · Investment income

    total $4,421,075 · excluded $4,421,075

  • 6a · Gross rents

    real property $620,468

  • 6b · Less rental expenses

    real property $248,699

  • 6c · Rental income or loss

    real property $371,769

  • 6d · Net rental income or loss

    total $371,769 · unrelated business $135,004 · excluded $236,765

  • 7a · Gross sales of assets other than inventory

    securities $8,320,077

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

    securities $0

  • 7c · Gain or loss

    securities $8,320,077

  • 7d · Net gain or loss

    total $8,320,077 · excluded $8,320,077

  • 8a · Fundraising events: gross income

    $171,184

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

    $106,610

  • 8b · Fundraising events: direct expenses

    $263,073

  • 8c · Net income from fundraising events

    total -$91,889 · excluded -$91,889

  • 11a · Other revenue: MISCELLANEOUS

    total $632,713 · excluded $632,713

  • 11b · Other revenue: FEES FOR SERVICES

    total $518,055 · excluded $518,055

  • 11c · Other revenue: SUNDRY

    total $307,979 · excluded $307,979

  • 11d · All other revenue

    total $898,827 · unrelated business $253,198 · excluded $645,629

  • 11e · Other revenue, total

    $2,357,574

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $32,589,408 · program services $32,589,408

  • 5 · Compensation of officers, directors and key employees

    total $536,323 · program services $431,809 · management and general $93,322 · fundraising $11,192

  • 7 · Other salaries and wages

    total $25,053,434 · program services $20,292,545 · management and general $4,346,894 · fundraising $413,995

  • 8 · Pension plan contributions

    total $1,299,713 · program services $989,249 · management and general $232,040 · fundraising $78,424

  • 9 · Other employee benefits

    total $8,273,686 · program services $6,297,337 · management and general $1,477,117 · fundraising $499,232

  • 10 · Payroll taxes

    total $1,739,352 · program services $1,323,870 · management and general $310,530 · fundraising $104,952

  • 11b · Fees: legal

    total $21,733 · management and general $21,733

  • 11c · Fees: accounting

    total $155,583 · management and general $155,583

  • 11f · Fees: investment management

    total $532,325 · management and general $532,325

  • 11g · Fees: other

    total $2,456,672 · program services $1,812,866 · management and general $454,014 · fundraising $189,792

  • 12 · Advertising and promotion

    total $567,815 · program services $33,119 · management and general $534,696

  • 13 · Office expenses

    total $2,258,294 · program services $1,670,259 · management and general $774,269 · fundraising -$186,234

  • 14 · Information technology

    total $740,653 · program services $353,669 · management and general $385,530 · fundraising $1,454

  • 16 · Occupancy

    total $1,042,760 · program services $1,041,627 · management and general $1,133

  • 17 · Travel

    total $1,494,350 · program services $1,362,386 · management and general $93,960 · fundraising $38,004

  • 20 · Interest

    total $448,211 · program services $395,322 · management and general $52,889

  • 22 · Depreciation, depletion and amortization

    total $5,350,145 · program services $4,451,321 · management and general $898,824

  • 23 · Insurance

    total $634,594 · program services $393,093 · management and general $241,501

  • 24a · Other expenses: FOOD SERVICE

    total $6,584,088 · program services $6,428,727 · management and general $147,043 · fundraising $8,318

  • 24b · Other expenses: PLAN OPERATIONS

    total $4,537,811 · program services $3,775,459 · management and general $762,352

  • 24c · Other expenses: ADMINISTRATIVE EXPENSES

    total $2,175,267 · program services $2,175,267

  • 24d · Other expenses: MINOR EQUIPMENT PURCHAS

    total $1,053,277 · program services $881,233 · management and general $168,565 · fundraising $3,479

  • 24e · All other expenses

    total $4,760,755 · program services $3,689,759 · management and general $1,002,825 · fundraising $68,171

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $207,585 · end of year $152,407

  • 2 · Savings and temporary cash investments

    beginning of year $4,285,890 · end of year $2,946,556

  • 3 · Pledges and grants receivable

    beginning of year $8,859,800 · end of year $4,524,014

  • 4 · Accounts receivable

    beginning of year $4,945,865 · end of year $6,260,224

  • 7 · Other notes and loans receivable

    beginning of year $2,550 · end of year $1,444

  • 8 · Inventories for sale or use

    beginning of year $409,041 · end of year $482,816

  • 9 · Prepaid expenses and deferred charges

    beginning of year $517,206 · end of year $853,647

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

    $244,231,793

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

    $114,624,905

  • 10c · Land, buildings and equipment, net

    beginning of year $119,491,667 · end of year $129,606,888

  • 11 · Investments: publicly traded securities

    beginning of year $150,491,675 · end of year $159,148,838

  • 12 · Investments: other securities

    beginning of year $26,775,100 · end of year $31,857,484

  • 14 · Intangible assets

    beginning of year $2,926,675 · end of year $2,462,950

  • 15 · Other assets

    beginning of year $1,563,573 · end of year $2,982,912

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,307,041 · end of year $7,059,678

  • 19 · Deferred revenue

    beginning of year $956,247 · end of year $951,687

  • 20 · Tax-exempt bond liabilities

    beginning of year $11,523,588 · end of year $10,863,651

  • 23 · Secured mortgages and notes payable

    beginning of year $2,670,892

  • 24 · Unsecured notes and loans payable

    beginning of year $800,000 · end of year $800,000

  • 25 · Other liabilities

    beginning of year $4,625,609 · end of year $3,937,524

  • 27 · Net assets without donor restrictions

    beginning of year $130,598,461 · end of year $132,272,206

  • 28 · Net assets with donor restrictions

    beginning of year $162,994,789 · end of year $185,395,434

Mission and programs · 2024

Mission

SAINT VINCENT COLLEGE IS AN EDUCATIONAL COMMUNITY ROOTED IN THE TRADITION OF THE CATHOLIC FAITH, THE HERITAGE OF BENEDICTINE MONASTICISM, AND THE LOVE OF VALUES INHERENT IN THE LIBERAL APPROACH TO LIFE AND LEARNING. ITS MISSION IS TO PROVIDE QUALITY UNDERGRADUATE AND GRADUATE EDUCATION FOR MEN AND WOMEN TO ENABLE THEM TO INTEGRATE THEIR PROFESSIONAL AIMS WITH THE BROADER PURPOSES OF HUMAN LIFE. THE PROGRAMS, ACTIVITIES, AND ENCOUNTERS THAT MAKE UP STUDENT LIFE AT SAINT VINCENT COLLEGE ENCOURAGE THE INTELLECTUAL GIFTS, PROFESSIONAL APTITUDES AND PERSONAL ASPIRATIONS OF STUDENTS TO MATURE HARMONIOUSLY.

Activities or mission (Part I)

TO PROVIDE QUALITY UNDERGRADUATE AND GRADUATE EDUCATION FOR MEN AND WOMEN.

  • FOUNDED IN 1846, SAINT VINCENT COLLEGE IS A PRIVATE, CATHOLIC, BENEDICTINE LIBERAL ARTS COLLEGE LOCATED IN LATROBE, PENNSYLVANIA. OUR MISSION IS "TO PROVIDE QUALITY UNDERGRADUATE AND GRADUATE EDUCATION FOR MEN AND WOMEN TO ENABLE THEM TO INTEGRATE THEIR PROFESSIONAL AIMS WITH THE BROADER PURPOSES OF HUMAN LIFE."SAINT VINCENT COLLEGE'S APPROACH TO EDUCATION IS ROOTED IN A CORE CURRICULUM THAT PROVIDES ALL STUDENTS WITH A BROAD-BASED EDUCATION. THE CORE CURRICULUM IS FOUNDED IN THE HUMANITIES, SOCIAL SCIENCES, NATURAL SCIENCES AND MATHEMATICS. EACH OF OUR PROGRAMS OF STUDY INCORPORATES AN INTERDISCIPLINARY VIEW OF KNOWLEDGE AND EMPHASIZES THE SKILLS TO INCREASE A STUDENT'S GENERAL BODY OF KNOWLEDGE THROUGHOUT THEIR LIVES.IN ADDITION TO ITS ROLE AS A KEY EDUCATIONAL PROVIDER, SAINT VINCENT SERVES AS AN ECONOMIC, ENVIRONMENTAL AND CULTURAL RESOURCE FOR THE LOCAL AREA. APPROXIMATELY 40% OF ALL GRADUATES FROM THE COLLEGE RESIDE IN ALLEGHENY AND WESTMORELAND COUNTIES, HELPING TO CONTRIBUTE TO THE REGION'S ECONOMIC GROWTH. THE COLLEGE'S ACADEMIC AND OUTREACH PROGRAMS ALSO HAVE HAD AN INSTRUMENTAL ROLE IN FOSTERING BUSINESS DEVELOPMENT, PROMOTING CULTURAL ENRICHMENT AND ADDRESSING REGIONAL ENVIRONMENTAL AND HEALTHCARE ISSUES.SAINT VINCENT COLLEGE SEMINARY IS A CENTER FOR THE SPIRITUAL FORMATION, HUMAN DEVELOPMENT AND ACADEMIC AND PASTORAL PREPARATION OF CANDIDATES FOR THE PRIESTHOOD. THE SEMINARY ALSO PROVIDES PROGRAMS FOR PERMANENT DIACONATE CANDIDATES AND OFFERS DEGREE PROGRAMS TO QUALIFIED MEN AND WOMEN SEEKING A THEOLOGICAL EDUCATION, AND CERTIFICATE PROGRAMS IN MINISTRY FORMATION.

    Expenses $90,388,325 · Grants $32,589,408 · Revenue $75,092,997

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mr Arthur J Rooney II

    CHAIR

    Total calculated
    $0
    Hours/week
    6
  • Rt Rev Martin R Bartel Osb

    VICE CHAIR/CHANCELLOR

    Total calculated
    $0
    Hours/week
    8
  • Rev Warren Murrman Osb

    SECRETARY/PROFESSOR

    Total calculated
    $0
    Hours/week
    2
  • Rev Paul R Taylor Osb

    PRESIDENT

    Total calculated
    $0
    Hours/week
    40
  • Very Rev Edward Mazich Osb

    RECTOR

    Total calculated
    $0
    Hours/week
    40
  • Rev Joseph Adams Osb

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Dr Gregory Bisignani

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Ms Bibiana Boerio

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4
  • Rev Jude Brady Osb

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Ms Amanda Cecconi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Mr Robert J Clemens

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Ms Kimberly Colonna Esq

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    4
  • Rev Thomas Curry Osb

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Mr Richard A Diclaudio

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4
  • Mr David A Dzombak PhD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4
  • Mr Ramon Foster

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Mr Paul Giunto

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Mr John J Hans

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4
  • Rev Isaac P Haywiser Osb

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Very Rev Earl Henry Osb

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Mr Timothy Hudak

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Most Rev Lawrence Kulick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Rev Matthew T Laffey Osb

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Mr John M Lally

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4
  • Fr Matthew Lambert Osb

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Mr Ivan Lamourt Psyd

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Mr Ralph Liberatore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Mr Troy Ovitsky

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Mr Robert F Pusateri

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4
  • Dr Carlonda R Reilly

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Mr Mark Rossi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Mr Paul A Seaman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Mr David M Siwicki MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Mr James C Donahue

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Mr John N Stevens Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Mr Michael L Keslar

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Rev David Klecker Osb

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Rev Frank Ziemkiewicz Osb

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Most Rev David A Zubick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Ms Tiffany Gilbert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Very Rev Killian Loch Osb

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Rev Dominic Leo Osb

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Mr Edward Kilkeary Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Ms Jolene Bogner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Mr David R McGonigle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Mr Joshua Guiser

    TREASURER/VP FINANCE UNTIL 7/12/24

    Total calculated
    $124,527
    From this org
    $102,841
    From related orgs
    $0
    Other
    $21,686
    Hours/week
    40
  • Mr Ricardo V Ezzi

    ASSISTANT TREASURER UNTIL 3/1/24

    Total calculated
    $16,995
    From this org
    $16,995
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Mr Michael Waruszewski

    ASSISTANT TREASURER UNTIL 10/25/24

    Total calculated
    $100,569
    From this org
    $76,723
    From related orgs
    $0
    Other
    $23,846
    Hours/week
    40
  • Mr Bill Laird

    INTERIM VP UNTIL 12/2024

    Total calculated
    $0
    Hours/week
    40
  • Mr Jeff A Mallory

    EXECUTIVE VP

    Total calculated
    $221,695
    From this org
    $200,740
    From related orgs
    $0
    Other
    $20,955
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $200,740
    Bonus
    $0
    Other
    $0
    Deferred
    $20,955
    Nontaxable benefits
    $0
    Filer's total
    $221,695
  • Mr John Delaney

    VP ACADEMIC AFFAIRS

    Total calculated
    $193,878
    From this org
    $161,814
    From related orgs
    $0
    Other
    $32,064
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,814
    Bonus
    $0
    Other
    $0
    Deferred
    $7,866
    Nontaxable benefits
    $24,198
    Filer's total
    $193,878
  • Mr Don P Harris

    ATHLETIC DIRECTOR

    Total calculated
    $208,648
    From this org
    $174,038
    From related orgs
    $0
    Other
    $34,610
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $174,038
    Bonus
    $0
    Other
    $0
    Deferred
    $10,923
    Nontaxable benefits
    $23,687
    Filer's total
    $208,648
  • Mr Bruce Antkowiak

    PROFESSOR LEGAL

    Total calculated
    $197,130
    From this org
    $164,398
    From related orgs
    $0
    Other
    $32,732
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $164,398
    Bonus
    $0
    Other
    $0
    Deferred
    $7,998
    Nontaxable benefits
    $24,734
    Filer's total
    $197,130
  • Mr Albert Novak

    VP FOR PHILANTHROPY & ALUMNI RELATIONS

    Total calculated
    $188,104
    From this org
    $151,793
    From related orgs
    $0
    Other
    $36,311
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,793
    Bonus
    $0
    Other
    $0
    Deferred
    $12,624
    Nontaxable benefits
    $23,687
    Filer's total
    $188,104
  • Mr Stephen Jodis

    DEAN OF HERBERT W. BOYER SCHOOL

    Total calculated
    $165,310
    From this org
    $148,930
    From related orgs
    $0
    Other
    $16,380
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,930
    Bonus
    $0
    Other
    $0
    Deferred
    $7,458
    Nontaxable benefits
    $8,922
    Filer's total
    $165,310

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Travel for companions
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
PAID COUNTRY CLUB DUES FOR BUSINESS USE IN FUNDRAISING EFFORTS SHARED BY THE PRESIDENT, EXECUTIVE VICE PRESIDENT, VICE PRESIDENT OF FINANCE, VICE PRESIDENT OF PHILANTHROPHY, AND ATHLETIC DIRECTOR. SPOUSE OF EXECUTIVE VICE PRESIDENT ATTENDS EVENTS WHEN APPROPRIATE FOR HER PRESENCE AND CULTIVATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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.

  • THE BENEDICTINE SOCIETY OF WESTMORELAND COUNTY

    501(C)(3) · TO SUPPORT SAINT VINCENT COLLEGE, SEMINARY AND ARCHABBEY · PA

Provenance

Return type
form_990
Tax year
2024
Filed
29 April 2026
IRS schema version
2024v5.5
Source object
202611279349301311

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.