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Nonprofiteer
← ST ANDREWS PRESBYTERIAN COLLEGE

Form 990 for tax year 2023

Filed by ST ANDREWS PRESBYTERIAN COLLEGE.

Totals

Total revenue
$30,538,826
Total expenses
$30,540,775
Contributions and grants received
$2,933,610
Grants paid
$9,277,700
Program service revenue
$27,659,497
Investment income
-$40,951
Other revenue
-$13,330
Total assets, end of year
$21,132,166
Total liabilities, end of year
$22,266,288
Net assets or fund balances, end of year
-$1,134,122
Program services expenses (Part IX)
$28,427,467
Management and general expenses
$1,904,254
Fundraising expenses
$209,054
Program service expenses (Part III)
$28,427,467

Program services were 93.1% 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.

  • 1f · All other contributions, gifts and grants

    $2,933,610

  • 1g · Noncash contributions included above

    $278,249

  • 2a · Program service revenue: TUITION AND FEES

    total $22,592,652 · related or exempt $22,592,652

  • 2b · Program service revenue: AUXILIARY ENTERPRISES

    total $5,066,845 · related or exempt $5,066,845

  • 3 · Investment income

    total $28,752 · excluded $28,752

  • 7a · Gross sales of assets other than inventory

    securities $1,008,523

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

    securities $1,078,226

  • 7c · Gain or loss

    securities -$69,703

  • 7d · Net gain or loss

    total -$69,703 · excluded -$69,703

  • 11a · Other revenue: Miscellaneous Revenue

    total -$13,330 · related or exempt -$13,330

  • 11e · Other revenue, total

    -$13,330

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $9,277,700 · program services $9,277,700

  • 7 · Other salaries and wages

    total $6,360,802 · program services $5,904,804 · management and general $285,200 · fundraising $170,798

  • 9 · Other employee benefits

    total $1,472,038 · program services $1,438,803 · management and general $28,788 · fundraising $4,447

  • 10 · Payroll taxes

    total $458,310 · program services $418,238 · management and general $27,335 · fundraising $12,737

  • 11b · Fees: legal

    total $14,761 · management and general $14,761

  • 11c · Fees: accounting

    total $59,225 · management and general $59,225

  • 12 · Advertising and promotion

    total $1,595,832 · program services $1,593,926 · management and general $1,006 · fundraising $900

  • 13 · Office expenses

    total $12,633 · program services $12,277 · management and general $356

  • 16 · Occupancy

    total $2,164,141 · program services $1,187,824 · management and general $976,317

  • 17 · Travel

    total $72,986 · program services $62,816 · management and general $10,170

  • 19 · Conferences, conventions and meetings

    total $834 · program services $834

  • 20 · Interest

    total $377,345 · program services $377,345

  • 22 · Depreciation, depletion and amortization

    total $956,297 · program services $956,297

  • 23 · Insurance

    total $383,599 · program services $358,070 · management and general $25,529

  • 24a · Other expenses: OUTSIDE CONTRACTOR

    total $4,808,104 · program services $4,768,899 · management and general $39,205

  • 24b · Other expenses: COST OF GOODS SOLD

    total $757,078 · program services $757,078

  • 24c · Other expenses: SUPPLIES

    total $457,299 · program services $399,871 · management and general $55,987 · fundraising $1,441

  • 24d · Other expenses: BAD DEBT

    total $209,037 · management and general $209,037

  • 24e · All other expenses

    total $1,102,754 · program services $912,685 · management and general $171,338 · fundraising $18,731

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $142,118 · end of year $439,136

  • 3 · Pledges and grants receivable

    beginning of year $2,600 · end of year $34,600

  • 4 · Accounts receivable

    beginning of year $1,873,108 · end 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 $1,620,392 · end of year $586,899

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

    $18,171,597

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

    $9,640,056

  • 10c · Land, buildings and equipment, net

    beginning of year $9,118,865 · end of year $8,531,541

  • 12 · Investments: other securities

    beginning of year $6,436,229 · end of year $5,599,238

  • 13 · Investments: program-related

    beginning of year $1,869,655 · end of year $1,254,774

  • 15 · Other assets

    beginning of year $0 · end of year $1,042,407

  • 17 · Accounts payable and accrued expenses

    beginning of year $15,003,945 · end of year $10,064,588

  • 19 · Deferred revenue

    beginning of year $370,734 · end of year $329,015

  • 23 · Secured mortgages and notes payable

    beginning of year $5,606,761 · end of year $11,714,614

  • 25 · Other liabilities

    beginning of year $1,759,301 · end of year $158,071

  • 27 · Net assets without donor restrictions

    beginning of year -$7,426,153 · end of year -$8,134,253

  • 28 · Net assets with donor restrictions

    beginning of year $5,774,562 · end of year $7,000,131

Mission and programs · 2023

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 2023-2024 ACADEMIC YEAR. THE UNIVERSITY OFFERS DAY, NIGHT, AND ONLINE CLASSES FOR AN ARRAY OF PROGRAMS

    Expenses $28,427,467 · Grants $9,277,700 · Revenue $27,646,167

As filed on the 2023 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
    40

  • Mr Leonel Alvarado

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Ms Melissa Wade

    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

  • Mr Fred McCoy

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mr Tip Fowler

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mr Emil Jahna

    SECRETARY

    Total calculated
    $0
    Hours/week
    40

  • Mr Joseph F Mirande

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    40

  • Mr Sonny Van Arnem

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Malik Tarun

    Campus President

    Total calculated
    $150,417
    From this org
    $150,417
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,417
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $150,417

  • Christina Jordon

    TREASURER/VP OF FINANCE

    Total calculated
    $92,874
    From this org
    $0
    From related orgs
    $88,451
    Other
    $4,423
    Hours/week
    40

  • Dr Nelson Marquez

    PRESIDENT/CEO

    Total calculated
    $170,288
    From this org
    $0
    From related orgs
    $162,179
    Other
    $8,109
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $162,179 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $8,109 related
    Filer's total
    $0 + $170,288 related

  • Stanley Brian K

    VP for Enrollment Management

    Total calculated
    $163,476
    From this org
    $163,476
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $163,476
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $163,476

  • Miller Dorothy

    Faculty

    Total calculated
    $108,000
    From this org
    $108,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Joseph Cicchetto

    FORMER CFO

    Total calculated
    $182,893
    From this org
    $0
    From related orgs
    $175,431
    Other
    $7,462
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $175,431 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $7,462 related
    Filer's total
    $0 + $182,893 related

  • Herbert K Wade

    FORMER PRESIDENT

    Total calculated
    $287,631
    From this org
    $0
    From related orgs
    $276,978
    Other
    $10,653
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $276,978 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $10,653 related
    Filer's total
    $0 + $287,631 related

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
2023
Filed
15 April 2025
IRS schema version
2023v6.0
Source object
202541059349302529

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