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Nonprofiteer
← UNIVERSITY OF ST THOMAS

Form 990 for tax year 2024

Filed by UNIVERSITY OF ST THOMAS.

Totals

Total revenue
$602,630,236
Total expenses
$548,068,300
Contributions and grants received
$121,237,417
Grants paid
$216,515,559
Program service revenue
$428,412,468
Investment income
$31,128,287
Other revenue
$21,852,064
Total assets, end of year
$2,045,501,747
Total liabilities, end of year
$566,886,131
Net assets or fund balances, end of year
$1,478,615,616
Program services expenses (Part IX)
$499,426,447
Management and general expenses
$36,509,530
Fundraising expenses
$12,132,323
Program service expenses (Part III)
$499,426,447

Program services were 91.1% 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.

  • 1c · Fundraising events

    $542,080

  • 1e · Government grants (contributions)

    $18,703,982

  • 1f · All other contributions, gifts and grants

    $101,991,355

  • 1g · Noncash contributions included above

    $1,409,498

  • 2a · Program service revenue: Tuition & Fees

    total $401,558,943 · related or exempt $401,558,943

  • 2b · Program service revenue: Housing

    total $25,312,122 · related or exempt $25,296,002 · unrelated business $16,120

  • 2c · Program service revenue: Seminars & Workshops

    total $1,541,403 · related or exempt $1,541,403

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $10,493,840 · unrelated business $210,506 · excluded $10,283,334

  • 4 · Income from investment of tax-exempt bond proceeds

    total $9,035,228 · excluded $9,035,228

  • 5 · Royalties

    total $321,179 · excluded $321,179

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $327,869,942 · other assets $62,218

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

    securities $316,305,693 · other assets $27,248

  • 7c · Gain or loss

    securities $11,564,249 · other assets $34,970

  • 7d · Net gain or loss

    total $11,599,219 · excluded $11,599,219

  • 8a · Fundraising events: gross income

    $97,810

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

    $542,080

  • 8b · Fundraising events: direct expenses

    $235,600

  • 8c · Net income from fundraising events

    total -$137,790 · excluded -$137,790

  • 10a · Gross sales of inventory

    $20,899,902

  • 10b · Cost of goods sold

    $9,000,753

  • 10c · Net income from sales of inventory

    total $11,899,149 · related or exempt $11,811,851 · unrelated business $87,298

  • 11a · Other revenue: Parking

    total $1,750,718 · excluded $1,750,718

  • 11b · Other revenue: Student Health Insurance

    total $844,975 · related or exempt $844,975

  • 11c · Other revenue: Rental Income

    total $525,628 · related or exempt $397,023 · unrelated business $128,605

  • 11d · All other revenue

    total $6,648,205 · related or exempt $6,515,912 · unrelated business $132,293 · excluded $0

  • 11e · Other revenue, total

    $9,769,526

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $16,734 · program services $16,734

  • 2 · Grants to domestic individuals

    total $210,434,907 · program services $210,434,907

  • 3 · Grants to foreign organizations and individuals

    total $6,063,918 · program services $6,063,918

  • 5 · Compensation of officers, directors and key employees

    total $4,094,061 · management and general $2,922,888 · fundraising $1,171,173

  • 7 · Other salaries and wages

    total $160,147,084 · program services $140,170,556 · management and general $13,659,279 · fundraising $6,317,249

  • 8 · Pension plan contributions

    total $11,395,283 · program services $9,520,773 · management and general $1,298,220 · fundraising $576,290

  • 9 · Other employee benefits

    total $29,502,555 · program services $24,649,422 · management and general $3,361,110 · fundraising $1,492,023

  • 10 · Payroll taxes

    total $11,006,524 · program services $9,195,965 · management and general $1,253,930 · fundraising $556,629

  • 11b · Fees: legal

    total $479,915 · program services $141,835 · management and general $309,270 · fundraising $28,810

  • 11c · Fees: accounting

    total $319,191 · program services $27,690 · management and general $289,061 · fundraising $2,440

  • 11d · Fees: lobbying

    total $160,500 · program services $160,500

  • 11e · Fees: professional fundraising services

    total $101,250 · fundraising $101,250

  • 11f · Fees: investment management

    total $1,971,958 · management and general $1,969,950 · fundraising $2,008

  • 11g · Fees: other

    total $6,639,208 · program services $4,520,468 · management and general $1,983,819 · fundraising $134,921

  • 12 · Advertising and promotion

    total $2,567,350 · program services $2,148,666 · management and general $349,030 · fundraising $69,654

  • 13 · Office expenses

    total $4,547,374 · program services $3,371,491 · management and general $837,307 · fundraising $338,576

  • 14 · Information technology

    total $8,639,029 · program services $5,442,983 · management and general $2,870,864 · fundraising $325,182

  • 16 · Occupancy

    total $11,985,343 · program services $11,520,804 · management and general $327,288 · fundraising $137,251

  • 17 · Travel

    total $10,467,247 · program services $9,933,500 · management and general $365,875 · fundraising $167,872

  • 19 · Conferences, conventions and meetings

    total $778,524 · program services $762,268 · management and general $16,256 · fundraising $0

  • 20 · Interest

    total $22,278,956 · program services $22,174,716 · management and general $95,491 · fundraising $8,749

  • 22 · Depreciation, depletion and amortization

    total $21,719,869 · program services $20,521,844 · management and general $1,047,909 · fundraising $150,116

  • 23 · Insurance

    total $4,579,321 · program services $2,015,342 · management and general $2,556,643 · fundraising $7,336

  • 24a · Other expenses: All Other Expenses

    total $8,044,340 · program services $7,354,379 · management and general $433,192 · fundraising $256,769

  • 24b · Other expenses: Other Equip & Supply

    total $3,964,034 · program services $3,914,976 · management and general $43,707 · fundraising $5,351

  • 24c · Other expenses: Electronic Library

    total $2,953,744 · program services $2,953,744

  • 24d · Other expenses: Meals

    total $1,877,272 · program services $1,553,290 · management and general $69,445 · fundraising $254,537

  • 24e · All other expenses

    total $1,332,809 · program services $855,676 · management and general $448,996 · fundraising $28,137

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,878,454 · end of year $5,400,809

  • 3 · Pledges and grants receivable

    beginning of year $168,991,720 · end of year $153,842,394

  • 4 · Accounts receivable

    beginning of year $10,378,497 · end of year $18,998,514

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $1,211,212 · end of year $835,084

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,015,978 · end of year $5,314,755

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

    $988,794,739

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

    $383,291,369

  • 10c · Land, buildings and equipment, net

    beginning of year $616,854,444 · end of year $605,503,370

  • 11 · Investments: publicly traded securities

    beginning of year $715,177,658 · end of year $729,606,524

  • 12 · Investments: other securities

    beginning of year $382,379,817 · end of year $357,205,049

  • 13 · Investments: program-related

    beginning of year $2,540,165 · end of year $2,289,023

  • 15 · Other assets

    beginning of year $41,929,994 · end of year $166,506,225

  • 17 · Accounts payable and accrued expenses

    beginning of year $40,477,445 · end of year $51,325,683

  • 19 · Deferred revenue

    beginning of year $5,682,632 · end of year $5,974,774

  • 20 · Tax-exempt bond liabilities

    beginning of year $479,065,387 · end of year $467,611,311

  • 21 · Escrow or custodial account liability

    beginning of year $867,263 · end of year $940,709

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $45,456,212 · end of year $41,033,654

  • 27 · Net assets without donor restrictions

    beginning of year $569,672,749 · end of year $582,124,298

  • 28 · Net assets with donor restrictions

    beginning of year $805,136,251 · end of year $896,491,318

Mission and programs · 2024

Mission

INSPIRED BY CATHOLIC INTELLECTUAL TRADITION, THE UNIVERSITY OF ST. THOMAS EDUCATES STUDENTS TO BE MORALLY RESPONSIBLE LEADERS WHO THINK CRITICALLY, ACT WISELY, AND WORK SKILLFULLY TO ADVANCE THE COMMON GOOD. FOUNDED IN 1885, THE UNIVERSITY OF ST. THOMAS IS A CATHOLIC UNIVERSITY BASED IN THE TWIN CITIES OF ST. PAUL AND MINNEAPOLIS. THE LARGEST PRIVATE UNIVERSITY IN MINNESOTA, ST. THOMAS OFFERS BACHELOR'S DEGREES IN OVER 100 MAJOR FIELDS OF STUDY AND MORE THAN 60 GRADUATE DEGREE PROGRAMS INCLUDING MASTER'S, EDUCATION SPECIALIST, JURIS DOCTOR, AND DOCTORATES. THE UNIVERSITY OF ST. THOMAS IS KNOWN NATIONALLY FOR ACADEMIC EXCELLENCE THAT PREPARES STUDENTS FOR THE COMPLEXITIES OF THE CONTEMPORARY WORLD. THROUGH DISCIPLINARY AND INTERDISCIPLINARY INQUIRY AND DEEP INTERCULTURAL UNDERSTANDING, WE INSPIRE STUDENTS TO LEAD, WORK, AND SERVE WITH THE SKILL AND EMPATHY VITAL TO CREATING A BETTER WORLD.

Activities or mission (Part I)

Inspired by Catholic intellectual tradition, the University of St. Thomas educates students to be morally responsible leaders who think critically, act wisely, and work skillfully to advance the common good.

  • INSTRUCTION & RESEARCH: DURING THE YEAR, 9,876 STUDENTS WERE ENROLLED AT THE UNIVERSITY OF ST. THOMAS PURSUING ASSOCIATE, UNDERGRADUATE, GRADUATE, DOCTORAL, AND LAW DEGREES

    Expenses $362,978,285 · Grants $216,515,559 · Revenue $401,558,943

  • STUDENT SERVICES: SERVICES PROVIDED TO STUDENTS INCLUDING ENROLLMENT SERVICES, DEAN OF STUDENTS, REGISTRAR, ATHLETICS, CAREER DEVELOPMENT, PERSONAL COUNSELING, INTERNATIONAL STUDENTS SERVICES, STUDENT CLUBS AND ORGANIZATIONS, AND STUDENT HEALTH SERVICES.

    Expenses $62,214,754 · Revenue $3,354,183

  • AUXILIARY SERVICES: PROVIDED SERVICES TO THE UNIVERSITY COMMUNITY, INCLUDING FOOD SERVICES, HOUSING, BOOKSTORES, AND CONFERENCE SERVICES.

    Expenses $48,443,799 · Revenue $39,262,182

  • OTHER PROGRAM SERVICES: ACADEMIC SUPPORT PROVIDED TO THE UNIVERSITY COMMUNITY INCLUDING LIBRARY FACILITIES, ACADEMIC ADVISING, AND THE FACULTY DEVELOPMENT CENTER. THE UNIVERSITY PROVIDES PUBLIC SERVICES INCLUDING THE SENIOR CITIZEN CENTER, SERVICE LEARNING, AND VISION TRIPS. THE UNIVERSITY ALSO PROVIDES OTHER PROGRAMS TO FURTHER THEIR EDUCATIONAL PURPOSES.

    Expenses $25,789,609 · Revenue $3,790,801

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

Listed in Part VII

  • James Kolar

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Jodee Kozlak

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Phil Soran

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Robert Vischer

    PRESIDENT

    Total calculated
    $821,274
    From this org
    $730,449
    From related orgs
    $0
    Other
    $90,825
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $658,781
    Bonus
    $65,200
    Other
    $6,468
    Deferred
    $55,430
    Nontaxable benefits
    $35,395
    Filer's total
    $821,274

  • Andrew Cecere

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Andrew Duff

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ann Winblad

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Anne Sempowski Ward

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Archie Black

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ashley Bailey-Chang

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Brian Wenger

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Carol Frey Wolfe

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • David John

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • David Juran

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Debbra Schoneman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Doctor Amy Goldman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Doctor John Morrison

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Father Dennis Dease

    PRESIDENT EMERITUS/TRUSTEE

    Total calculated
    $50,167
    From this org
    $37,828
    From related orgs
    $0
    Other
    $12,339
    Hours/week
    40

  • Geoffrey Gage

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • James Gearen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • John Allen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Katharine Anderson Groethe

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kathlene Campbell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Lisa Anderson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mark Dienhart

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mark Zesbaugh

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mary Haddad

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Michael Ciresi

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Michael Dougherty

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Patrick Ryan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Paul Karon

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Reverend Edward Malloy

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Reverend John Malone

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Rob Kelly

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Rory O'Neill

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Stephen Nachtsheim

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Timothy Flynn

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Wilhelmina Wright

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • William Lentsch

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Abigail Crouse

    GENERAL COUNSEL AND SECRETARY

    Total calculated
    $298,717
    From this org
    $272,484
    From related orgs
    $0
    Other
    $26,233
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $271,892
    Bonus
    $0
    Other
    $592
    Deferred
    $25,596
    Nontaxable benefits
    $637
    Filer's total
    $298,717

  • Mark Vangsgard

    CFO

    Total calculated
    $385,914
    From this org
    $328,370
    From related orgs
    $0
    Other
    $57,544
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $301,470
    Bonus
    $25,000
    Other
    $1,900
    Deferred
    $29,752
    Nontaxable benefits
    $27,792
    Filer's total
    $385,914

  • Eddy Rojas

    EVP & PROVOST

    Total calculated
    $559,007
    From this org
    $499,988
    From related orgs
    $0
    Other
    $59,019
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $406,814
    Bonus
    $92,024
    Other
    $1,150
    Deferred
    $32,430
    Nontaxable benefits
    $26,589
    Filer's total
    $559,007

  • Erik Thurman

    VP FOR DEVELOPMENT, ALUMNI RELATIONS & UNIVERSITY ADVANCEMENT

    Total calculated
    $500,730
    From this org
    $433,840
    From related orgs
    $0
    Other
    $66,890
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $354,102
    Bonus
    $69,500
    Other
    $10,238
    Deferred
    $32,430
    Nontaxable benefits
    $34,460
    Filer's total
    $500,730

  • Kathleen Arnold

    VICE PRESIDENT AND CHIEF HUMAN RESOURCES OFFICER

    Total calculated
    $230,432
    From this org
    $206,998
    From related orgs
    $0
    Other
    $23,434
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $206,808
    Bonus
    $0
    Other
    $190
    Deferred
    $11,139
    Nontaxable benefits
    $12,295
    Filer's total
    $230,432

  • Phillip Esten

    VICE PRESIDENT AND DIRECTOR OF ATHLETICS

    Total calculated
    $513,318
    From this org
    $445,869
    From related orgs
    $0
    Other
    $67,449
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $385,077
    Bonus
    $60,002
    Other
    $790
    Deferred
    $32,430
    Nontaxable benefits
    $35,019
    Filer's total
    $513,318

  • Sonali Dalal

    VICE PRESIDENT AND CHIEF INVESTMENT OFFICER

    Total calculated
    $734,504
    From this org
    $687,667
    From related orgs
    $0
    Other
    $46,837
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $407,253
    Bonus
    $280,000
    Other
    $414
    Deferred
    $32,430
    Nontaxable benefits
    $14,407
    Filer's total
    $734,504

  • Glenn Caruso

    FOOTBALL COACH

    Total calculated
    $448,542
    From this org
    $380,973
    From related orgs
    $0
    Other
    $67,569
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $371,559
    Bonus
    $9,000
    Other
    $414
    Deferred
    $32,430
    Nontaxable benefits
    $35,139
    Filer's total
    $448,542

  • James Brummer

    Vice President for Facilities Management

    Total calculated
    $431,602
    From this org
    $376,261
    From related orgs
    $0
    Other
    $55,341
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $225,547
    Bonus
    $150,000
    Other
    $714
    Deferred
    $22,560
    Nontaxable benefits
    $32,781
    Filer's total
    $431,602

  • Laura Dunham

    DEAN OPUS COLLEGE OF BUSINESS

    Total calculated
    $421,891
    From this org
    $356,330
    From related orgs
    $0
    Other
    $65,561
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $320,193
    Bonus
    $33,475
    Other
    $2,662
    Deferred
    $31,507
    Nontaxable benefits
    $34,054
    Filer's total
    $421,891

  • MayKao Hang

    DEAN AND FOUNDING MEMBER OF MORRISON FAMILY COLLEGE OF HEALTH

    Total calculated
    $472,922
    From this org
    $440,355
    From related orgs
    $0
    Other
    $32,567
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $399,576
    Bonus
    $39,989
    Other
    $790
    Deferred
    $32,430
    Nontaxable benefits
    $137
    Filer's total
    $472,922

  • Michael Paulsen

    LAW PROFESSOR

    Total calculated
    $436,780
    From this org
    $377,386
    From related orgs
    $0
    Other
    $59,394
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $375,100
    Bonus
    $0
    Other
    $2,286
    Deferred
    $32,430
    Nontaxable benefits
    $26,964
    Filer's total
    $436,780

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 · First-class or charter travel
  • 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 · Independent compensation consultant
  • 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)

Schedule J, Part I, Line 1a First-class or charter travel
THE DIRECTOR OF ATHLETICS OCCASIONALLY TRAVELS WITH VARIOUS INTERCOLLEGIATE ATHLETICS TEAMS ON THEIR TEAM CHARTER. NONE OF THE BENEFIT IS TREATED AS TAXABLE.
Schedule J, Part I, Line 1a Travel for companions
UNIVERSITY EMPLOYEES ARE OCCASIONALLY ASKED TO TRAVEL ON UNIVERSITY BUSINESS. SPOUSAL TRAVEL REIMBURSEMENT BY THE UNIVERSITY REQUIRES APPROVAL BY A DEAN OR LEADERSHIP MEMBER, AND IF THE BUSINESS PURPOSE OF THE SPOUSAL TRAVEL IS NOT PROPERLY DOCUMENTED IT IS TREATED AS TAXABLE COMPENSATION TO THE EMPLOYEE. TRAVEL FOR COMPANIONS WAS PROVIDED AS A BENEFIT TO THE UNIVERSITY PRESIDENT AND IF THE BUSINESS PURPOSE OF THE SPOUSAL TRAVEL WAS NOT PROPERLY DOCUMENTED, IT WAS TREATED AS TAXABLE COMPENSATION TO THE EMPLOYEE.
Schedule J, Part I, Line 1a Health or social club dues or initiation fees
CLUB DUES PAID BY THE UNIVERSITY ON BEHALF OF A NUMBER OF EMPLOYEES, THE PORTION RELATED TO PERSONAL USE IS TREATED AS TAXABLE INCOME TO THE EMPLOYEE.
Schedule J, Part I, Line 1a HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE
THE PRESIDENT IS PROVIDED HOUSING BY THE UNIVERSITY OF ST. THOMAS. THE PRESIDENT HAS CHOSEN NOT TO LIVE AT THE RESIDENCE FOR ANY PORTION OF TIME DURING FISCAL YEAR 2025.

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

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.

  • UST ASSET HOLDINGS LLC

    REAL ESTATE INVESTMENT · MN · income $0 · assets $0

    Directly controlled by UNIVERSITY OF ST THOMAS

  • UST INVESTMENT HOLDINGS LLC

    NON REAL ESTATE INVESTMENT · MN · income $356,074 · assets $3,252,454

    Directly controlled by UNIVERSITY OF ST THOMAS

  • AUTOPARK LLC

    REAL ESTATE INVESTMENT · MN · income -$406,169 · assets $9,694,662

    Directly controlled by University of St Thomas

  • UST HIGHLAND BRIDGE LLC

    REAL ESTATE INVESTMENT · MN · income $0 · assets $7,102,250

    Directly controlled by UNIVERSITY OF ST THOMAS

Related corporations and trusts

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

  • CHARITABLE REMAINDER UNITRUSTS (9)

    Trust · TRUST INVESTMENTS · MN · controlled entity

    Directly controlled by UNIVERSITY OF ST THOMAS

  • CHARITABLE LEAD TRUST (1)

    Trust · TRUST INVESTMENTS · MN · controlled entity

    Directly controlled by UNIVERSITY OF ST THOMAS

Provenance

Return type
form_990
Tax year
2024
Filed
14 May 2026
IRS schema version
2024v5.1
Source object
202611349349311061

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