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Nonprofiteer
← ST ANDREWS PRESBYTERIAN COLLEGE

Form 990 for tax year 2024

Filed by ST ANDREWS PRESBYTERIAN COLLEGE.

Totals

Total revenue
$32,837,605
Total expenses
$30,422,448
Contributions and grants received
$1,831,341
Grants paid
$7,239,701
Program service revenue
$21,596,072
Investment income
-$341,092
Other revenue
$9,751,284
Total assets, end of year
$13,866,341
Total liabilities, end of year
$12,639,036
Net assets or fund balances, end of year
$1,227,305
Program services expenses (Part IX)
$24,290,472
Management and general expenses
$5,952,777
Fundraising expenses
$179,199
Program service expenses (Part III)
$24,290,472

Program services were 79.8% 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.

  • 1f · All other contributions, gifts and grants

    $1,831,341

  • 1g · Noncash contributions included above

    $163,171

  • 2a · Program service revenue: TUITION AND FEES

    total $17,521,657 · related or exempt $17,521,657

  • 2b · Program service revenue: AUXILIARY ENTERPRISES

    total $4,074,415 · related or exempt $4,074,415

  • 3 · Investment income

    total $237,667 · excluded $237,667

  • 7a · Gross sales of assets other than inventory

    securities $51,506

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

    securities $16,969 · other assets $613,296

  • 7c · Gain or loss

    securities $34,537 · other assets -$613,296

  • 7d · Net gain or loss

    total -$578,759 · related or exempt -$613,296 · excluded $34,537

  • 11a · Other revenue: FORGIVENESS OF DEBT

    total $9,876,560 · related or exempt $9,876,560

  • 11b · Other revenue: MISCELLANEOUS REVENUE

    total -$125,276 · related or exempt -$125,276

  • 11e · Other revenue, total

    $9,751,284

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $7,239,701 · program services $7,239,701

  • 7 · Other salaries and wages

    total $6,090,036 · program services $5,376,774 · management and general $558,899 · fundraising $154,363

  • 9 · Other employee benefits

    total $1,231,539 · program services $1,199,670 · management and general $29,867 · fundraising $2,002

  • 10 · Payroll taxes

    total $409,401 · program services $372,683 · management and general $25,312 · fundraising $11,406

  • 11b · Fees: legal

    total $99,536 · management and general $99,536

  • 11c · Fees: accounting

    total $80,449 · management and general $80,449

  • 11f · Fees: investment management

    total $65,320 · management and general $65,320

  • 12 · Advertising and promotion

    total $1,471,328 · program services $1,481,328 · management and general -$10,000

  • 13 · Office expenses

    total $12,223 · program services $11,827 · management and general $396

  • 16 · Occupancy

    total $2,145,749 · program services $1,219,985 · management and general $925,764

  • 17 · Travel

    total $159,754 · program services $157,868 · management and general $1,886

  • 19 · Conferences, conventions and meetings

    total $1,381 · program services $1,381

  • 20 · Interest

    total $393,224 · program services $393,224

  • 22 · Depreciation, depletion and amortization

    total $923,285 · program services $923,285

  • 23 · Insurance

    total $757,526 · program services $626,041 · management and general $131,485

  • 24a · Other expenses: BAD DEBT

    total $3,927,784 · management and general $3,927,784

  • 24b · Other expenses: OUTSIDE CONTRACTOR

    total $3,257,796 · program services $3,257,796

  • 24c · Other expenses: COST OF GOODS SOLD

    total $629,930 · program services $629,930

  • 24d · Other expenses: OTHER

    total $586,474 · program services $512,461 · management and general $63,611 · fundraising $10,402

  • 24e · All other expenses

    total $940,012 · program services $886,518 · management and general $52,468 · fundraising $1,026

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $439,136 · end of year $64,968

  • 3 · Pledges and grants receivable

    beginning of year $34,600

  • 4 · Accounts receivable

    beginning of year $3,617,388

  • 8 · Inventories for sale or use

    beginning of year $26,183 · end of year $26,183

  • 9 · Prepaid expenses and deferred charges

    beginning of year $586,899 · end of year $202,476

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

    $15,839,233

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

    $7,932,316

  • 10c · Land, buildings and equipment, net

    beginning of year $8,531,541 · end of year $7,906,917

  • 12 · Investments: other securities

    beginning of year $5,599,238 · end of year $5,547,732

  • 13 · Investments: program-related

    beginning of year $1,254,774 · end of year $12,676

  • 15 · Other assets

    beginning of year $1,042,407 · end of year $105,389

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,064,588 · end of year $5,217,366

  • 19 · Deferred revenue

    beginning of year $329,015 · end of year $544,157

  • 23 · Secured mortgages and notes payable

    beginning of year $5,041,572 · end of year $1,819,092

  • 24 · Unsecured notes and loans payable

    beginning of year $6,673,042 · end of year $4,852,803

  • 25 · Other liabilities

    beginning of year $158,071 · end of year $205,618

  • 27 · Net assets without donor restrictions

    beginning of year -$8,134,253 · end of year -$6,719,425

  • 28 · Net assets with donor restrictions

    beginning of year $7,000,131 · end of year $7,946,730

Mission and programs · 2024

Mission

THE UNIVERSITY'S MISSION IS TO OFFER STUDENTS AN ARRAY OF BUSINESS, LIBERAL ARTS AND SCIENCES, AND PRE-PROFESSIONAL PROGRAMS OF STUDY THAT CREATE A LIFE TRANSFORMING EDUCATIONAL OPPORTUNITY, WHICH IS PRACTICAL IN ITS APPLICATION, GLOBAL IN ITS SCOPE, AND MULTI-DISCIPLINARY IN ITS GENERAL EDUCATION CORE. STUDENTS WILL ACQUIRE DEPTH OF KNOWLEDGE AND EXPERTISE IN THEIR CHOSEN FIELD OF STUDY, BALANCES BY BREADTH OF KNOWLEDGE ACROSS VARIOUS DISCIPLINES. SPECIAL EMPHASIS IS PLACED ON ENHANCING ORAL AND WRITTEN COMMUNICATION AND CRITICAL THINKING SKILLS.

  • ST. ANDREWS IS A FOUR YEAR LIBERAL ARTS COLLEGE THAT ENROLLED OVER 300 STUDENTS DURING 2024-2025 ACADEMIC YEAR. THE UNIVERSITY OFFERS DAY, NIGHT, AND ONLINE CLASSES FOR AN ARRAY OF PROGRAMS

    Expenses $24,290,472 · Grants $7,239,701 · Revenue $30,734,060

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

Listed in Part VII

  • Mr Joe Strickler

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Mr Joseph F Miranda

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Mr Emil Jahna

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Mr Theodore Fowler

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mr Rex R Yentes

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mr Bill Rinker

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Dr Nelson Marquez

    PRESIDENT/CEO

    Total calculated
    $270,972
    From this org
    $0
    From related orgs
    $248,883
    Other
    $22,089
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $248,883 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $11,609 related
    Nontaxable benefits
    $0 + $10,480 related
    Filer's total
    $0 + $270,972 related

  • Christina Jordon

    TREASURER/VP OF FINANCE

    Total calculated
    $142,620
    From this org
    $0
    From related orgs
    $123,445
    Other
    $19,175
    Hours/week
    40

  • Edna Ann Loftus

    CHIEF ACADEMIC OFFICER

    Total calculated
    $103,788
    From this org
    $96,852
    From related orgs
    $0
    Other
    $6,936
    Hours/week
    40

  • Tarun Malik

    CAMPUS PRESIDENT

    Total calculated
    $199,654
    From this org
    $199,654
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $199,654
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $199,654

  • Brian K Stanley

    VP FOR ENROLLMENT MANAGEMENT

    Total calculated
    $176,729
    From this org
    $169,793
    From related orgs
    $0
    Other
    $6,936
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,793
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $6,936
    Filer's total
    $176,729

  • Herbert K Wade

    FORMER PRESIDENT

    Total calculated
    $273,017
    From this org
    $0
    From related orgs
    $271,326
    Other
    $1,691
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $271,326 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $533 related
    Nontaxable benefits
    $0 + $1,158 related
    Filer's total
    $0 + $273,017 related

  • Jeffrey C Robertson

    VP INSTITUTIONAL ADVANCEMENT

    Total calculated
    $117,150
    From this org
    $117,150
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Dorothy Miller

    FACULTY

    Total calculated
    $110,956
    From this org
    $104,020
    From related orgs
    $0
    Other
    $6,936
    Hours/week
    40

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

None.

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

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.

Provenance

Return type
form_990
Tax year
2024
Filed
15 April 2026
IRS schema version
2024v5.5
Source object
202631059349300733

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