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Nonprofiteer
← ST THOMAS UNIVERSITY INC

Form 990 for tax year 2023

Filed by ST THOMAS UNIVERSITY INC.

Totals

Total revenue
$88,819,457
Total expenses
$83,803,733
Contributions and grants received
$8,242,073
Grants paid
$0
Program service revenue
$77,965,507
Investment income
$1,561,688
Other revenue
$1,050,189
Total assets, end of year
$215,529,634
Total liabilities, end of year
$108,748,683
Net assets or fund balances, end of year
$106,780,951
Program services expenses (Part IX)
$64,044,986
Management and general expenses
$18,375,844
Fundraising expenses
$1,382,903
Program service expenses (Part III)
$64,044,986

Program services were 76.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • DAVID A ARMSTRONG

    PRESIDENT

    Total calculated
    $663,894
    From this org
    $592,452
    From related orgs
    $0
    Other
    $71,442
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $367,452
    Bonus
    $225,000
    Other
    $0
    Deferred
    $11,813
    Nontaxable benefits
    $59,629
    Filer's total
    $663,894
  • JOHN J DOONER

    CHAIR

    Total calculated
    $0
    Hours/week
    1
  • JORGE RICO

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • MAUREEN SHEA

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • ALEX PENELAS

    TRUSTEE (THRU 06/2024)

    Total calculated
    $0
    Hours/week
    1
  • BERNIE FERNANDEZ MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • BOB DICKINSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • DANIEL D DOLAN II ESQ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • DOMINICK F MINIACI ESQ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • DONALD E DRESBACK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • FRANCES ALDRICH SEVILLA-SACASA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • GARY GOLDBLOOM ESQ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • HERBERT YARDLEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • JORGE LUIS LOPEZ ESQ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • LENORE P RODICIO PhD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • LILLIAM MACHADO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • MARC CANNON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • MARCOS A PEREZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • MARIO MURGADO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • MARIO TRUEBA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • MICHAEL T FAY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • MOST REV ENRIQUE E DELGADO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • PAUL A GARCIA CPA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • REV JOHN T BUTLER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • RICHARD GARCIA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • ROBERT SANCHEZ

    TRUSTEE (THRU 06/2024)

    Total calculated
    $0
    Hours/week
    1
  • VICTOR BENITEZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • VICTOR H MENDELSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • WILLIAM A KENT

    TRUSTEE (AS OF 03/2024)

    Total calculated
    $0
    Hours/week
    1
  • WINI AMATURO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • LINDA L WAGNER

    VP FOR ADMIN./CFO

    Total calculated
    $258,735
    From this org
    $240,048
    From related orgs
    $0
    Other
    $18,687
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $220,048
    Bonus
    $20,000
    Other
    $0
    Deferred
    $7,853
    Nontaxable benefits
    $10,834
    Filer's total
    $258,735
  • MICHELLE A JOHNSON-GARCIA

    PROVOST

    Total calculated
    $207,409
    From this org
    $195,664
    From related orgs
    $0
    Other
    $11,745
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $195,664
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $11,745
    Filer's total
    $207,409
  • JAMEKA A WINDHAM

    CHIEF OF STAFF/V.P. FOR ENROLLMENT

    Total calculated
    $237,815
    From this org
    $227,693
    From related orgs
    $0
    Other
    $10,122
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $212,693
    Bonus
    $15,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $10,122
    Filer's total
    $237,815
  • JOHN MAKDISI

    INTERIM DEAN LAW SCHOOL

    Total calculated
    $210,809
    From this org
    $210,809
    From related orgs
    $0
    Other
    $0
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $210,809
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $210,809
  • ROBYN S HOFFMAN

    V.P. FOR PHILANTHROPY

    Total calculated
    $266,117
    From this org
    $261,303
    From related orgs
    $0
    Other
    $4,814
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $173,303
    Bonus
    $88,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $4,814
    Filer's total
    $266,117
  • CARLOS A DE YARZA

    V.P. OF MKTNG AND COMM.

    Total calculated
    $198,517
    From this org
    $178,285
    From related orgs
    $0
    Other
    $20,232
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $178,285
    Bonus
    $0
    Other
    $0
    Deferred
    $6,236
    Nontaxable benefits
    $13,996
    Filer's total
    $198,517
  • DORIS TERAN

    NURSING FACULTY PROFESSOR

    Total calculated
    $212,764
    From this org
    $204,077
    From related orgs
    $0
    Other
    $8,687
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $204,077
    Bonus
    $0
    Other
    $0
    Deferred
    $6,021
    Nontaxable benefits
    $2,666
    Filer's total
    $212,764
  • MARK J WOLFF

    PROFESSOR OF LAW

    Total calculated
    $203,635
    From this org
    $196,955
    From related orgs
    $0
    Other
    $6,680
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $196,955
    Bonus
    $0
    Other
    $0
    Deferred
    $6,680
    Nontaxable benefits
    $0
    Filer's total
    $203,635
  • SIEGFRIED WIESSNER

    ASSOCIATE DEAN

    Total calculated
    $240,622
    From this org
    $227,857
    From related orgs
    $0
    Other
    $12,765
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $227,857
    Bonus
    $0
    Other
    $0
    Deferred
    $7,565
    Nontaxable benefits
    $5,200
    Filer's total
    $240,622
  • STEPHEN A PLASS

    PROFESSOR

    Total calculated
    $192,244
    From this org
    $186,142
    From related orgs
    $0
    Other
    $6,102
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $186,142
    Bonus
    $0
    Other
    $0
    Deferred
    $6,102
    Nontaxable benefits
    $0
    Filer's total
    $192,244

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 · Compensation committee
  • 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

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Travel for companions
TRAVEL FOR COMPANIONS WAS MADE AVAILABLE TO THE PRESIDENT TO USE FOR HIS SPOUSE. THE AMOUNT OF THE BENEFIT WAS TREATED AS NONTAXABLE WAGES TO THE RECIPIENT.
Schedule J, Part I, Line 1a Housing allowance or residence for personal use
HOUSING ALLOWANCE FOR PERSONAL USE WAS MADE AVAILABLE TO THE PRESIDENT. THE AMOUNT OF THE BENEFIT WAS TREATED AS NONTAXABLE WAGES TO THE RECIPIENT.
Schedule J, Part I, Line 1a Health or social club dues or initiation fees
SOCIAL CLUB DUES WERE MADE AVAILABLE TO THE PRESIDENT. THE AMOUNT OF THE BENEFIT WAS REIMBURSED TO THE RECIPIENT.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202511349349311401

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