Totals
- Total revenue
- $1,065,240
- Total expenses
- $983,442
- Contributions and grants received
- $1,048,614
- Grants paid
- $128,500
- Program service revenue
- $0
- Investment income
- $15,893
- Other revenue
- $733
- Total assets, end of year
- $2,063,723
- Total liabilities, end of year
- $68,018
- Net assets or fund balances, end of year
- $1,995,705
- Program services expenses (Part IX)
- $436,007
- Management and general expenses
- $227,667
- Fundraising expenses
- $319,768
- Program service expenses (Part III)
- $436,007
Program services were 44.3% 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
$1,048,614
-
3 · Investment income
total $15,893 · excluded $15,893
-
11a · Other revenue: MISC INCOME
total $733 · excluded $733
-
11e · Other revenue, total
$733
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $128,500 · program services $128,500
-
5 · Compensation of officers, directors and key employees
total $277,953 · program services $97,899 · management and general $67,902 · fundraising $112,152
-
7 · Other salaries and wages
total $83,885 · program services $25,870 · management and general $58,015
-
8 · Pension plan contributions
total $23,245 · program services $8,415 · management and general $6,104 · fundraising $8,726
-
9 · Other employee benefits
total $58,002 · program services $21,250 · management and general $14,150 · fundraising $22,602
-
10 · Payroll taxes
total $24,883 · program services $9,008 · management and general $6,534 · fundraising $9,341
-
11c · Fees: accounting
total $16,072 · management and general $16,072
-
11g · Fees: other
total $206,810 · program services $92,780 · management and general $19,005 · fundraising $95,025
-
12 · Advertising and promotion
total $20,223 · program services $1,918 · fundraising $18,305
-
13 · Office expenses
total $12,057 · program services $471 · management and general $11,048 · fundraising $538
-
14 · Information technology
total $9,911 · program services $2,626 · management and general $4,562 · fundraising $2,723
-
16 · Occupancy
total $58,202 · program services $21,629 · management and general $10,808 · fundraising $25,765
-
17 · Travel
total $55,010 · program services $22,502 · management and general $7,917 · fundraising $24,591
-
19 · Conferences, conventions and meetings
total $1,801 · management and general $1,801
-
23 · Insurance
total $6,888 · program services $3,139 · management and general $3,749
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,908,502 · end of year $1,754,871
-
3 · Pledges and grants receivable
beginning of year $75,000 · end of year $50,000
-
9 · Prepaid expenses and deferred charges
beginning of year $4,355 · end of year $3,838
-
11 · Investments: publicly traded securities
end of year $250,514
-
15 · Other assets
beginning of year $4,500 · end of year $4,500
-
17 · Accounts payable and accrued expenses
beginning of year $27,012 · end of year $21,161
-
19 · Deferred revenue
beginning of year $51,438 · end of year $46,857
-
27 · Net assets without donor restrictions
beginning of year $1,806,128 · end of year $1,888,573
-
28 · Net assets with donor restrictions
beginning of year $107,779 · end of year $107,132
Mission and programs · 2022
Mission
TO PROVIDE HIGHER EDUCATION INSTITUTIONS WITH AN INNOVATIVE, RESULTS- ORIENTED COLLEGE MODEL THAT IS INCLUSIVE AND ACCESSIBLE TO STUDENTS WHO ARE OFTEN UNDERREPRESENTED AT SELECTIVE UNIVERSITIES.
-
(1) TO PROVIDE CONSULTATION AND FINANCIAL SUPPORT TO COLLEGES AND UNIVERSITIES THAT WANT TO ADOPT THE COME TO BELIEVE TWO-YEAR COLLEGE MODEL, (THE "CTB MODEL") OFFERING LIBERAL ARTS EDUCATION TO A DIVERSE POPULATION, INCLUDING INDIVIDUALS FROM LOW INCOME FAMILIES AND WHOM ARE THE FIRST IN THEIR FAMILY TO PURSUE HIGHER EDUCATION, (2) TO PROVIDE FORMATION AND TRAINING FOR THE DEANS AND THE BOARDS OF COLLEGES AND UNIVERSITIES RELATING TO THE ADOPTION OF THE CTB MODEL; AND (3) TO RESEARCH AND STUDY, AUTHOR, PUBLISH, AND DISTRIBUTE LITERATURE AND OTHER MEDIA AND ENCOURAGE PUBLIC DISCOURSE ON ISSUES PERTINENT TO THE CTB MODEL.
Expenses $436,007 · Grants $128,500
As filed on the 2022 return.
Listed in Part VII
-
Rev Stephen Katsouros SjREV STEPHEN KATSOUROS SJ
PRES & CEO
- Total calculated
- $0
- Hours/week
- 40
-
Samuel AdamsSAMUEL ADAMS
CHIEF OPERAT
- Total calculated
- $134,825
- From this org
- $114,758
- From related orgs
- $0
- Other
- $20,067
- Hours/week
- 40
-
Susan Conniff Until 62023SUSAN CONNIFF UNTIL 62023
DIR OF FINAN
- Total calculated
- $36,131
- From this org
- $34,408
- From related orgs
- $0
- Other
- $1,723
- Hours/week
- 40
-
William Reidy Until 22023WILLIAM REIDY UNTIL 22023
VP ADVANCEME
- Total calculated
- $210,013
- From this org
- $186,800
- From related orgs
- $0
- Other
- $23,213
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $186,800
- Bonus
- not reported
- Other
- not reported
- Deferred
- $6,542
- Nontaxable benefits
- $16,671
- Filer's total
- $210,013
-
Mark ArmstrongMARK ARMSTRONG
TREASURER
- Total calculated
- $0
- Hours/week
- 0.5
-
Rev Robert Reiser SjREV ROBERT REISER SJ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Rev Timothy Lannon SjREV TIMOTHY LANNON SJ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Alicia DonahueALICIA DONAHUE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Amy Jo DowdAMY JO DOWD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Kwaku FrimpongKWAKU FRIMPONG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Kimberly KeisermanKIMBERLY KEISERMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Jane Martinez DowlingJANE MARTINEZ DOWLING
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Rev Stephen Mitten SjREV STEPHEN MITTEN SJ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
John MullmanJOHN MULLMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Mara SmithMARA SMITH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
John SmithJOHN SMITH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Khundmeer SyedKHUNDMEER SYED
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Carmen RomeroCARMEN ROMERO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Jeffrey WrightJEFFREY WRIGHT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
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
- 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 III
- A STIPEND IS PAID SEMI-MONTHLY TO ST. IGNATIUS LOYOLA COMMUNITY FOR REV. STEPHEN KATSOUROS, SJ SALARY.
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
-
$30,000
FEASIBILITY STUDY
-
$30,000
FEASIBILITY STUDY
-
COLLEGE OF MOUNT SAINT VINCENT
$30,000
FEASIBILITY STUDY
-
$30,000
FEASIBILITY STUDY
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 February 2023
- IRS schema version
- 2022v5.0
- Source object
- 202430519349301803
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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