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← SAINT-MARY-OF-THE-WOODS COLLEGE

Form 990 for tax year 2023

Filed by SAINT-MARY-OF-THE-WOODS COLLEGE.

Totals

Total revenue
$40,568,507
Total expenses
$40,549,680
Contributions and grants received
$8,271,736
Grants paid
$12,447,752
Program service revenue
$31,837,677
Investment income
$178,781
Other revenue
$280,313
Total assets, end of year
$48,139,391
Total liabilities, end of year
$42,248,569
Net assets or fund balances, end of year
$5,890,822
Program services expenses (Part IX)
$33,502,828
Management and general expenses
$5,510,550
Fundraising expenses
$1,536,302
Program service expenses (Part III)
$33,502,828

Program services were 82.6% 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

    $22,225

  • 1d · Related organizations

    $3,025,598

  • 1e · Government grants (contributions)

    $1,058,632

  • 1f · All other contributions, gifts and grants

    $4,165,281

  • 1g · Noncash contributions included above

    $343,848

  • 2a · Program service revenue: Tuition and fees

    total $26,576,428 · related or exempt $26,576,428

  • 2b · Program service revenue: Auxiliary enterprises

    total $5,218,881 · related or exempt $5,218,881

  • 2c · Program service revenue: Student housing

    total $42,368 · related or exempt $42,368

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $46,883 · excluded $46,883

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $991,455

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

    securities $859,557

  • 7c · Gain or loss

    securities $131,898 · other assets $0

  • 7d · Net gain or loss

    total $131,898 · excluded $131,898

  • 8a · Fundraising events: gross income

    $0

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

    $22,225

  • 8b · Fundraising events: direct expenses

    $6,261

  • 8c · Net income from fundraising events

    total -$6,261 · excluded -$6,261

  • 11d · All other revenue

    total $286,574 · related or exempt $286,574 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $286,574

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $12,447,752 · program services $12,447,752

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $569,596 · program services $432,428 · management and general $106,086 · fundraising $31,082

  • 7 · Other salaries and wages

    total $10,886,349 · program services $8,264,739 · management and general $2,027,565 · fundraising $594,045

  • 8 · Pension plan contributions

    total $190,663 · management and general $190,663

  • 9 · Other employee benefits

    total $1,427,954 · program services $1,228,827 · management and general $110,802 · fundraising $88,325

  • 10 · Payroll taxes

    total $821,960 · program services $624,019 · management and general $153,089 · fundraising $44,852

  • 11c · Fees: accounting

    total $105,763 · management and general $105,763

  • 11f · Fees: investment management

    total $8,799 · management and general $8,799

  • 11g · Fees: other

    total $2,457,013 · program services $1,640,142 · management and general $754,014 · fundraising $62,857

  • 12 · Advertising and promotion

    total $258,564 · program services $6,010 · management and general $23 · fundraising $252,531

  • 13 · Office expenses

    total $531,161 · program services $66,493 · management and general $464,668

  • 14 · Information technology

    total $574,893 · program services $465,663 · management and general $80,485 · fundraising $28,745

  • 16 · Occupancy

    total $1,358,121 · program services $1,100,078 · management and general $190,137 · fundraising $67,906

  • 17 · Travel

    total $2,311,807 · program services $2,222,351 · management and general $63,676 · fundraising $25,780

  • 19 · Conferences, conventions and meetings

    total $280,130 · program services $237,277 · management and general $23,461 · fundraising $19,392

  • 20 · Interest

    total $1,676,632 · program services $1,358,071 · management and general $234,729 · fundraising $83,832

  • 22 · Depreciation, depletion and amortization

    total $2,330,687 · program services $1,887,856 · management and general $326,297 · fundraising $116,534

  • 23 · Insurance

    total $348,195 · program services $282,038 · management and general $48,747 · fundraising $17,410

  • 24a · Other expenses: Classroom educational supplies

    total $583,817 · program services $460,190 · management and general $25,057 · fundraising $98,570

  • 24b · Other expenses: Membership and dues

    total $566,930 · program services $467,102 · management and general $95,387 · fundraising $4,441

  • 24c · Other expenses: Bad debt expense

    total $501,102 · management and general $501,102

  • 24d · Other expenses: Athletic equipment, gear, and supplies

    total $311,792 · program services $311,792

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,621,396 · end of year $2,062,284

  • 2 · Savings and temporary cash investments

    beginning of year $82,814

  • 3 · Pledges and grants receivable

    beginning of year $692,521 · end of year $439,905

  • 4 · Accounts receivable

    beginning of year $1,065,794 · end of year $724,892

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $419,110 · end of year $411,585

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

    $58,353,467

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

    $36,178,046

  • 10c · Land, buildings and equipment, net

    beginning of year $42,138,054 · end of year $22,175,421

  • 11 · Investments: publicly traded securities

    beginning of year $1,921,946 · end of year $2,211,219

  • 12 · Investments: other securities

    beginning of year $144,127 · end of year $49,755

  • 13 · Investments: program-related

    beginning of year $0 · end of year $192,612

  • 15 · Other assets

    beginning of year $1,223,737 · end of year $19,871,718

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,842,891 · end of year $1,976,039

  • 19 · Deferred revenue

    beginning of year $455,176

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $18,904,265 · end of year $17,582,897

  • 25 · Other liabilities

    beginning of year $20,388,829 · end of year $22,689,633

  • 27 · Net assets without donor restrictions

    beginning of year -$11,733,828 · end of year -$12,380,929

  • 28 · Net assets with donor restrictions

    beginning of year $18,452,166 · end of year $18,271,751

Mission and programs · 2023

Mission

Saint Mary-of-the-Woods College embodies a spirit of student-centered academic innovation, faith and leadership to transform ourselves, our communities and our world. Saint Mary-of-the-Woods College challenges students to think critically, become leaders and effect change through knowledge and virtue rooted in our Catholic foundation.

Activities or mission (Part I)

Committed to higher education in the tradition of liberal arts

  • Saint Mary-of-the-Woods College (SMWC) serves three undergraduate populations: (1) traditional college-age women and men living on campus; (2) adult and traditional college-age women and men who study in the on campus program and commute to campus; (3) adult women and men in the Woods Online Program. The Woods Online program is offered completely online through a course management system that utilizes faculty-led instruction, collaboration, and synergy among peers in rich multi-media. Courses are offered in 8 or 16-week formats. The 8-week courses are offered in an accelerated format. SMWC also offers Master of Arts in Art Therapy, Master of Arts in Music Therapy, Master of Education and Master of Leadership Development programs. All other master programs (MBA and MHA) are sequenced sets of courses offered to women and men in a hybrid delivery through a combination of distance learning and brief campus residencies. Finally, there are two principal groups of non-matriculating students. They include undergraduate exchange students and students pursuing professional certification in post-baccalaureate programs (teacher licensure, paralegal, and music therapy programs).

    Expenses $33,502,828 · Grants $12,447,752 · Revenue $32,124,251

As filed on the 2023 return.

Listed in Part VII

  • Alice Shelton

    Chair

    Total calculated
    $0
    Hours/week
    2

  • Beth Michel

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Nancy Payonk

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Barbara Fossum

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Barbara Sheehan

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Connie Kramer

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Dan Thralls

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Dawn Tomaszewski

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • James Willey

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Joanne Burrows

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • John Watson

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Judy Hund

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Karen Lafkas

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Kathryn Martin

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Kevin Wilson

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Laura Maher

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Lisa Stallings

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Lynn O'Linski

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Margaret Murray

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Mary Watson

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Michael McMahon

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Michelle Aff

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Randy Adams

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Rita Mankus

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Scott Jaeger

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Tana Jaeger

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Terry Aff

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Brennan Randolph

    Interim President

    Total calculated
    $211,108
    From this org
    $182,966
    From related orgs
    $0
    Other
    $28,142
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $182,701
    Bonus
    $0
    Other
    $265
    Deferred
    $6,829
    Nontaxable benefits
    $21,313
    Filer's total
    $211,108

  • Janet Clark

    Provost / EVP Academic Affairs

    Total calculated
    $150,021
    From this org
    $141,341
    From related orgs
    $0
    Other
    $8,680
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $140,901
    Bonus
    $0
    Other
    $440
    Deferred
    $8,462
    Nontaxable benefits
    $218
    Filer's total
    $150,021

  • Traci Tucker

    CFO

    Total calculated
    $80,331
    From this org
    $65,962
    From related orgs
    $0
    Other
    $14,369
    Hours/week
    50

  • Lamprini Pantazi

    Dean of Business and Leadership

    Total calculated
    $156,586
    From this org
    $149,983
    From related orgs
    $0
    Other
    $6,603
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $149,780
    Bonus
    $0
    Other
    $203
    Deferred
    $6,603
    Nontaxable benefits
    $0
    Filer's total
    $156,586

  • Marcia Miller

    Dean Nursing & Sciences, Professor of Nursing

    Total calculated
    $112,935
    From this org
    $107,094
    From related orgs
    $0
    Other
    $5,841
    Hours/week
    50

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 · Compensation committee
  • 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

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.

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.

  • SMWC Real Estate Foundation LLC

    Acquire/Own Real Estate for Exclusive Use of the College · IN · income $726,626 · assets $14,629,143

    Directly controlled by Saint Mary of the Woods College

Related corporations and trusts

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

  • Charitable Remainder Unitrust (1)

    Trust · IN · controlled entity

    Directly controlled by Saint Mary-of-the-Woods College

Provenance

Return type
form_990
Tax year
2023
Filed
14 January 2026
IRS schema version
2023v6.0
Source object
202630149349300613

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