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Nonprofiteer
← AQUINAS COLLEGE INC

Form 990 for tax year 2022

Filed by AQUINAS COLLEGE INC.

Totals

Total revenue
$52,349,488
Total expenses
$62,364,652
Contributions and grants received
$3,837,238
Grants paid
$24,512,471
Program service revenue
$47,633,548
Investment income
$550,098
Other revenue
$328,604
Total assets, end of year
$128,075,406
Total liabilities, end of year
$41,044,838
Net assets or fund balances, end of year
$87,030,568
Program services expenses (Part IX)
$54,609,359
Management and general expenses
$6,672,015
Fundraising expenses
$1,083,278
Program service expenses (Part III)
$54,609,359

Program services were 87.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • STEPHEN GERMIC

    PROVOST EVP ACADEMIC AFFAIRS

    Total calculated
    $220,639
    From this org
    $205,634
    From related orgs
    $0
    Other
    $15,005
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $205,634
    Bonus
    not reported
    Other
    not reported
    Deferred
    $6,360
    Nontaxable benefits
    $8,645
    Filer's total
    $220,639
  • ALICIA CORDOBA BEGAN 0722

    PRESIDENT

    Total calculated
    $207,020
    From this org
    $139,017
    From related orgs
    $0
    Other
    $68,003
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $139,017
    Bonus
    not reported
    Other
    not reported
    Deferred
    $2,250
    Nontaxable benefits
    $65,753
    Filer's total
    $207,020
  • KEVIN QUINN LEFT 1221

    PRESIDENT

    Total calculated
    $193,787
    From this org
    $193,787
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $193,787
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $193,787
  • GINA OSTEGREN

    VP FOR ADVANCEMENT

    Total calculated
    $163,967
    From this org
    $137,807
    From related orgs
    $0
    Other
    $26,160
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $137,807
    Bonus
    not reported
    Other
    not reported
    Deferred
    $4,500
    Nontaxable benefits
    $21,660
    Filer's total
    $163,967
  • NICHOLAS DAVIDSON LEFT 0523

    VP INTERCOLLEGIATE ATHLETICS

    Total calculated
    $121,812
    From this org
    $100,752
    From related orgs
    $0
    Other
    $21,060
    Hours/week
    40
  • TIMOTHY STAFFORD

    INTERIM VP FOR FINANCE

    Total calculated
    $121,683
    From this org
    $96,776
    From related orgs
    $0
    Other
    $24,907
    Hours/week
    40
  • MARCIE HILLARY

    CHAIR

    Total calculated
    $0
    Hours/week
    0.6
  • KIMBERLY HANRAHAN

    TREASURER

    Total calculated
    $0
    Hours/week
    0.6
  • SANDRA DELGADO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.6
  • RICK HEUVELMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.6
  • JOHN LOWERY

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.6
  • ANDOLA MATHIS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.6
  • THOMAS MCGOVERN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.6
  • JOE MURPHY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.6
  • SR BARBARA REID OP

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.6
  • THOMAS WELCH JR

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.6
  • SAMMUEL CUMMINGS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.6
  • ROBERT WOODHOUSE JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.6
  • MARGARET KENNEDY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.6
  • MATT BIERSACK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.6
  • CONOR DUGAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.6
  • NAZAR MASSOUH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.6

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
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 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
PRESIDENT ALICIA CORDOBA RECEIVES TRAVEL BENEFITS FOR HER SPOUSE. THIS BENEFIT IS TREATED AS NON-TAXABLE COMPENSATION. THE PRESIDENT ALSO LIVES IN A HOUSE PROVIDED BY THE COLLEGE. THIS BENEFIT MEETS THE SECT. 119 EXCLUSION AND THEREFORE IS CONSIDERED A NONTAXABLE BENEFIT INCLUDED ON SCHEDULE J, PART II, COLUMN D.
SCHEDULE J, PART I, LINE 4A
KEVIN QUINN RECEIVED SEVERENCE COMPENSATION IN THE AMOUNT OF $193,787 FOR 2022. THIS AMOUNT IS REPORTED ON SCHEDULE J, COLUMN B(i).

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

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2023
IRS schema version
2022v5.0
Source object
202431369349307543

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