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← ST BONAVENTURE UNIVERSITY BUSINESS OFFICE - HOPKINS HALL

Form 990 for tax year 2023

Filed by ST BONAVENTURE UNIVERSITY BUSINESS OFFICE - HOPKINS HALL.

Totals

Total revenue
$138,678,324
Total expenses
$130,743,422
Contributions and grants received
$18,289,493
Grants paid
$51,475,287
Program service revenue
$107,516,914
Investment income
$3,940,838
Other revenue
$8,931,079
Total assets, end of year
$264,399,312
Total liabilities, end of year
$54,444,789
Net assets or fund balances, end of year
$209,954,523
Program services expenses (Part IX)
$112,141,637
Management and general expenses
$15,062,114
Fundraising expenses
$3,539,671
Program service expenses (Part III)
$112,141,637

Program services were 85.8% 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.

  • 1e · Government grants (contributions)

    $1,639,518

  • 1f · All other contributions, gifts and grants

    $16,649,975

  • 1g · Noncash contributions included above

    $855,314

  • 2a · Program service revenue: TUITION AND FEES

    total $90,039,725 · related or exempt $90,039,725

  • 2b · Program service revenue: RESIDENCE HALL

    total $14,215,623 · related or exempt $14,215,623

  • 2c · Program service revenue: FOOD SERVICE/DINING

    total $3,161,266 · related or exempt $3,161,266

  • 2d · Program service revenue: BOOK STORE

    total $100,300 · related or exempt $100,300

  • 3 · Investment income

    total $1,021,020 · excluded $1,021,020

  • 7a · Gross sales of assets other than inventory

    securities $21,758,901

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

    securities $18,821,691 · other assets $17,392

  • 7c · Gain or loss

    securities $2,937,210 · other assets -$17,392

  • 7d · Net gain or loss

    total $2,919,818 · related or exempt -$17,392 · excluded $2,937,210

  • 9a · Gaming: gross income

    $45,518

  • 9b · Gaming: direct expenses

    $22,759

  • 9c · Net income from gaming

    total $22,759 · excluded $22,759

  • 11a · Other revenue: OTHER AUXILIARY ACTVITIES

    total $1,191,167 · related or exempt $860,205 · unrelated business $330,962

  • 11b · Other revenue: PASSED THROUGH PARTNERSHIPS

    total $41,773 · unrelated business $41,773

  • 11d · All other revenue

    total $7,675,380 · related or exempt $7,675,380

  • 11e · Other revenue, total

    $8,908,320

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $50,415,399 · program services $50,415,399

  • 3 · Grants to foreign organizations and individuals

    total $1,059,888 · program services $1,059,888

  • 5 · Compensation of officers, directors and key employees

    total $1,833,374 · management and general $1,662,059 · fundraising $171,315

  • 7 · Other salaries and wages

    total $34,815,659 · program services $29,313,526 · management and general $3,821,495 · fundraising $1,680,638

  • 8 · Pension plan contributions

    total $2,048,722 · program services $1,686,045 · management and general $264,420 · fundraising $98,257

  • 9 · Other employee benefits

    total $6,997,569 · program services $5,603,303 · management and general $1,046,103 · fundraising $348,163

  • 10 · Payroll taxes

    total $2,496,926 · program services $1,973,211 · management and general $398,085 · fundraising $125,630

  • 11g · Fees: other

    total $5,845,221 · program services $3,352,292 · management and general $2,318,469 · fundraising $174,460

  • 13 · Office expenses

    total $3,771,213 · program services $2,869,657 · management and general $726,141 · fundraising $175,415

  • 14 · Information technology

    total $403,937 · program services $306,992 · management and general $76,748 · fundraising $20,197

  • 16 · Occupancy

    total $1,638,970 · program services $90,116 · management and general $1,548,854

  • 17 · Travel

    total $2,615,648 · program services $2,288,528 · management and general $153,999 · fundraising $173,121

  • 19 · Conferences, conventions and meetings

    total $188,847 · program services $147,966 · management and general $27,803 · fundraising $13,078

  • 20 · Interest

    total $1,445,917 · program services $1,259,445 · management and general $171,209 · fundraising $15,263

  • 22 · Depreciation, depletion and amortization

    total $5,423,600 · program services $4,739,131 · management and general $628,443 · fundraising $56,026

  • 23 · Insurance

    total $565,750 · program services $103,373 · management and general $457,256 · fundraising $5,121

  • 24a · Other expenses: ATHLETICS

    total $3,152,286 · program services $2,854,080 · management and general $298,206

  • 24b · Other expenses: STUDENT ACTIVITIES

    total $1,055,010 · program services $1,043,138 · management and general $8,514 · fundraising $3,358

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $943,348 · program services $225,671 · management and general $706,401 · fundraising $11,276

  • 24e · All other expenses

    total $4,026,138 · program services $2,809,876 · management and general $747,909 · fundraising $468,353

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $23,465,768 · end of year $35,954,159

  • 3 · Pledges and grants receivable

    beginning of year $5,390,038 · end of year $5,405,281

  • 4 · Accounts receivable

    beginning of year $2,515,675 · end of year $2,973,499

  • 9 · Prepaid expenses and deferred charges

    beginning of year $516,329 · end of year $547,828

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

    $221,622,911

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

    $100,406,343

  • 10c · Land, buildings and equipment, net

    beginning of year $115,242,303 · end of year $121,216,568

  • 11 · Investments: publicly traded securities

    beginning of year $40,688,841 · end of year $46,909,986

  • 12 · Investments: other securities

    beginning of year $41,337,661 · end of year $48,182,976

  • 15 · Other assets

    beginning of year $1,064,887 · end of year $3,209,015

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,259,969 · end of year $5,811,903

  • 19 · Deferred revenue

    beginning of year $7,722,349 · end of year $8,635,571

  • 20 · Tax-exempt bond liabilities

    beginning of year $19,199,761 · end of year $35,795,117

  • 23 · Secured mortgages and notes payable

    beginning of year $62,684 · end of year $4,823

  • 25 · Other liabilities

    beginning of year $4,172,950 · end of year $4,197,375

  • 27 · Net assets without donor restrictions

    beginning of year $103,917,783 · end of year $104,362,193

  • 28 · Net assets with donor restrictions

    beginning of year $89,886,006 · end of year $105,592,330

Mission and programs · 2023

Mission

OUR COMMITMENT IS TO STUDENTS, STUDY AND SERVICE. FOUNDED IN 1858, ST. BONAVENTURE IS A CATHOLIC UNIVERSITY DEDICATED TO EDUCATIONAL EXCELLENCE IN THE FRANCISCAN TRADITION. WE ARE COMMITTED TO THE CONSTANT PURSUIT OF DISTINCTION IN OUR UNDERGRADUATE AND GRADUATE PROGRAMS AND ALL OF OUR COURSES OF STUDY.

Activities or mission (Part I)

CATHOLIC UNIVERSITY DEDICATED TO EDUCATIONAL EXCELLENCE IN THE FRANCISCAN TRADITION.

  • PROGRAM ACTIVITIES SUPPORT SBU'S EFFORTS TO FOSTER THE DEVELOPMENT OF KNOWLEDGEABLE, SKILLED, COMPASSIONATE AND ETHICAL INDIVIDUALS BY MENTORING STUDENTS WITHIN VITALLY ENGAGING LEARNING ENVIRONMENTS, EVER MINDFUL OF SUCH FRANCISCAN VALUES AS INDIVIDUAL DIGNITY, COMMUNITY INCLUSIVENESS, AND SERVICE TO OTHERS. PROGRAM EXPENSES INCLUDE INSTRUCTION FOR UNDERGRAD AND GRADUATE PROGRAMS, RESEARCH, HOUSING COSTS, FOOD SERVICE, ATHLETICS, SCHOLARSHIPS AND FINANCIAL AID.

    Expenses $112,141,637 · Grants $51,475,287 · Revenue $116,035,107

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Michael A Hickey

    BOARD CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Steven G Barry

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Carol A Schumacher

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Fr Daniel P Horan Ofm

    BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Dr Jeff Gingerich

    PRESIDENT

    Total calculated
    $495,495
    From this org
    $476,615
    From related orgs
    $0
    Other
    $18,880
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $352,506
    Bonus
    $87,500
    Other
    $36,609
    Deferred
    $0
    Nontaxable benefits
    $18,880
    Filer's total
    $495,495

  • Michael A Anderson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Judy Baumgartner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Norbert A Bennett

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Luke H Brown

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Donna Burden

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Br George Camacho Ofm

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Pikai Chiang

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Joseph Davis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Patrick Doyle

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Fr Larry Ford Ofm

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Michael T Fossaceca

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Mark R Gianniny

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Gerry Helper

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Fr Linh N Hoang Ofm Ph D

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Laurie R Krupa

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Dr Molly F Kulesz-Martin Ph D

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Sr Margaret Magee

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Kristan K McMahon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Mark Mulhern

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Rev Kevin J Mullen Ofm

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Mark Murphy

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Richard A Penna

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Susanna Stitt

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Hon James T Walsh

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Kevin Watkins MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Janet Glogouski

    INTERIM VP OF UNIVERSITY ADVANCEMENT

    Total calculated
    $128,716
    From this org
    $112,894
    From related orgs
    $0
    Other
    $15,822
    Hours/week
    40

  • Dr David Hilmey

    PROVOST AND VP FOR ACADEMIC AFFAIRS

    Total calculated
    $219,035
    From this org
    $182,251
    From related orgs
    $0
    Other
    $36,784
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,559
    Bonus
    $0
    Other
    $12,692
    Deferred
    $17,904
    Nontaxable benefits
    $18,880
    Filer's total
    $219,035

  • H Daniel Hungerford

    VP FOR FINANCE AND ADMINISTRATION

    Total calculated
    $283,837
    From this org
    $243,584
    From related orgs
    $0
    Other
    $40,253
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $205,784
    Bonus
    $31,800
    Other
    $6,000
    Deferred
    $21,373
    Nontaxable benefits
    $18,880
    Filer's total
    $283,837

  • Joseph Manhertz

    DIRECTOR OF INTERCOLLEGIATE ATHLETICS

    Total calculated
    $277,748
    From this org
    $253,906
    From related orgs
    $0
    Other
    $23,842
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $200,406
    Bonus
    $47,500
    Other
    $6,000
    Deferred
    $4,962
    Nontaxable benefits
    $18,880
    Filer's total
    $277,748

  • Kathryn D O'Brien

    VP FOR STUDENT AFFAIRS

    Total calculated
    $207,312
    From this org
    $189,812
    From related orgs
    $0
    Other
    $17,500
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $176,687
    Bonus
    $13,125
    Other
    $0
    Deferred
    $17,500
    Nontaxable benefits
    $0
    Filer's total
    $207,312

  • Barbara Questa

    INTERIM CO-DIRECTOR OF INTERCOLLEGIATE ATHLETICS

    Total calculated
    $124,001
    From this org
    $95,105
    From related orgs
    $0
    Other
    $28,896
    Hours/week
    40

  • Bernard Valento

    VP FOR ENROLLMENT MANAGEMENT

    Total calculated
    $205,783
    From this org
    $170,578
    From related orgs
    $0
    Other
    $35,205
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $158,513
    Bonus
    $12,065
    Other
    $0
    Deferred
    $16,325
    Nontaxable benefits
    $18,880
    Filer's total
    $205,783

  • Ryan Clingan

    INTERIM CO-DIRECTOR OF INTERCOLLEGIATE ATHLETICS

    Total calculated
    $92,682
    From this org
    $66,494
    From related orgs
    $0
    Other
    $26,188
    Hours/week
    40

  • Fr Stephen Mimnaugh

    VICE PRESIDENT FOR MISSION INTEGRATION

    Total calculated
    $6,808
    From this org
    $0
    From related orgs
    $0
    Other
    $6,808
    Hours/week
    40

  • John Pressimone

    VP FOR UNIVERSITY ADVANCEMENT - APRIL 2024

    Total calculated
    $0
    Hours/week
    40

  • Dr Aaron Chimbel

    DEAN OF THE JANDOLI SCHOOL OF COMMUNICATION

    Total calculated
    $176,749
    From this org
    $143,347
    From related orgs
    $0
    Other
    $33,402
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $138,488
    Bonus
    $0
    Other
    $4,859
    Deferred
    $14,522
    Nontaxable benefits
    $18,880
    Filer's total
    $176,749

  • James Crowley

    WOMEN'S HEAD BASKETBALL COACH

    Total calculated
    $205,667
    From this org
    $191,346
    From related orgs
    $0
    Other
    $14,321
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $158,408
    Bonus
    $2,208
    Other
    $30,730
    Deferred
    $0
    Nontaxable benefits
    $14,321
    Filer's total
    $205,667

  • Dr Michael J Fischer

    PROFESSOR - ACCOUNTING

    Total calculated
    $194,404
    From this org
    $159,705
    From related orgs
    $0
    Other
    $34,699
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,705
    Bonus
    $0
    Other
    $9,000
    Deferred
    $15,819
    Nontaxable benefits
    $18,880
    Filer's total
    $194,404

  • Dr Matrecia James

    DEAN - SCHOOL OF BUSINESS

    Total calculated
    $267,060
    From this org
    $236,344
    From related orgs
    $0
    Other
    $30,716
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $236,344
    Bonus
    $0
    Other
    $0
    Deferred
    $23,908
    Nontaxable benefits
    $6,808
    Filer's total
    $267,060

  • Mark Schmidt

    MEN'S HEAD BASKETBALL COACH

    Total calculated
    $1,529,128
    From this org
    $1,461,248
    From related orgs
    $0
    Other
    $67,880
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,237,117
    Bonus
    $85,000
    Other
    $139,131
    Deferred
    $49,000
    Nontaxable benefits
    $18,880
    Filer's total
    $1,529,128

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 · Housing allowance or residence for personal use
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 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

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • NORTHEAST PROPERTY VENTURES LLC

    DEVELOPMENT OF PROPERTY · NY · income $12,415 · assets $792,280

    Directly controlled by ST BONAVENTURE UNIVERSITY

Provenance

Return type
form_990
Tax year
2023
Filed
12 March 2025
IRS schema version
2023v6.0
Source object
202520739349300637

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