Totals
- Total revenue
- $180,133,281
- Total expenses
- $181,709,669
- Contributions and grants received
- $7,532,999
- Grants paid
- $76,575,860
- Program service revenue
- $164,702,752
- Investment income
- $7,898,637
- Other revenue
- -$1,107
- Total assets, end of year
- $502,768,183
- Total liabilities, end of year
- $103,510,438
- Net assets or fund balances, end of year
- $399,257,745
- Program services expenses (Part IX)
- $165,569,125
- Management and general expenses
- $13,641,296
- Fundraising expenses
- $2,499,248
- Program service expenses (Part III)
- $165,569,125
Program services were 91.1% 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.
-
1c · Fundraising events
$105,150
-
1e · Government grants (contributions)
$1,591,277
-
1f · All other contributions, gifts and grants
$5,836,572
-
1g · Noncash contributions included above
$189,409
-
2a · Program service revenue: TUITION AND FEES
total $125,817,448 · related or exempt $125,817,448
-
2b · Program service revenue: AUXILLARY SERVICES
total $34,349,842 · related or exempt $34,349,842
-
2c · Program service revenue: OTHER EDUCATIONAL SERVICES
total $4,535,462 · related or exempt $4,535,462
-
3 · Investment income
total $4,269,749 · unrelated business $60,612 · excluded $4,209,137
-
7a · Gross sales of assets other than inventory
securities $8,741,144
-
7b · Less cost or other basis and sales expenses
securities $5,112,256
-
7c · Gain or loss
securities $3,628,888
-
7d · Net gain or loss
total $3,628,888 · excluded $3,628,888
-
8a · Fundraising events: gross income
$91,644
-
8a · Fundraising events: contributions included on line 1c
$105,150
-
8b · Fundraising events: direct expenses
$92,751
-
8c · Net income from fundraising events
total -$1,107 · excluded -$1,107
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $85,760 · program services $85,760
-
2 · Grants to domestic individuals
total $76,490,100 · program services $76,490,100
-
5 · Compensation of officers, directors and key employees
total $1,626,188 · program services $703,975 · management and general $700,497 · fundraising $221,716
-
7 · Other salaries and wages
total $44,766,461 · program services $38,708,497 · management and general $4,593,787 · fundraising $1,464,177
-
8 · Pension plan contributions
total $2,837,769 · program services $2,410,802 · management and general $323,843 · fundraising $103,124
-
9 · Other employee benefits
total $6,825,651 · program services $5,798,672 · management and general $778,937 · fundraising $248,042
-
10 · Payroll taxes
total $3,461,309 · program services $2,940,525 · management and general $395,001 · fundraising $125,783
-
11b · Fees: legal
total $230,212 · management and general $230,212
-
11c · Fees: accounting
total $160,150 · management and general $160,150
-
11f · Fees: investment management
total $820,320 · management and general $820,320
-
11g · Fees: other
total $4,613,402 · program services $3,758,217 · management and general $821,677 · fundraising $33,508
-
12 · Advertising and promotion
total $456,436 · program services $353,188 · management and general $103,248
-
13 · Office expenses
total $2,396,077 · program services $1,961,119 · management and general $311,722 · fundraising $123,236
-
14 · Information technology
total $1,653,498 · program services $826,749 · management and general $826,749
-
16 · Occupancy
total $5,923,707 · program services $5,781,570 · management and general $142,137
-
20 · Interest
total $3,114,514 · program services $3,057,620 · management and general $56,894
-
22 · Depreciation, depletion and amortization
total $9,031,167 · program services $8,070,591 · management and general $960,576
-
23 · Insurance
total $967,391 · program services $807,285 · management and general $160,106
-
24a · Other expenses: DINING SERVICES
total $6,935,161 · program services $6,909,135 · management and general $26,026
-
24b · Other expenses: FOOD/EVENT CATERING/ENT
total $4,276,260 · program services $3,817,421 · management and general $375,348 · fundraising $83,491
-
24c · Other expenses: MEMBERSHIPS/SUBSCRIPTIO
total $1,038,501 · program services $879,156 · management and general $112,405 · fundraising $46,940
-
24d · Other expenses: EQUIPMENT RENTAL
total $1,000,698 · program services $603,101 · management and general $379,630 · fundraising $17,967
-
24e · All other expenses
total $2,998,937 · program services $1,605,642 · management and general $1,362,031 · fundraising $31,264
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $28,798,178 · end of year $19,836,727
-
2 · Savings and temporary cash investments
beginning of year $70,282 · end of year $0
-
3 · Pledges and grants receivable
beginning of year $10,443,487 · end of year $8,317,290
-
4 · Accounts receivable
beginning of year $508,745 · end of year $1,370,040
-
7 · Other notes and loans receivable
beginning of year $207,269 · end of year $541
-
8 · Inventories for sale or use
beginning of year $18,801 · end of year $19,437
-
9 · Prepaid expenses and deferred charges
beginning of year $804,114 · end of year $1,134,099
-
10a · Land, buildings and equipment: cost or other basis
$311,915,785
-
10b · Land, buildings and equipment: accumulated depreciation
$140,471,534
-
10c · Land, buildings and equipment, net
beginning of year $172,928,898 · end of year $171,444,251
-
11 · Investments: publicly traded securities
beginning of year $33,033,670 · end of year $34,798,559
-
12 · Investments: other securities
beginning of year $262,226,144 · end of year $256,152,788
-
15 · Other assets
beginning of year $2,238,605 · end of year $9,694,451
-
17 · Accounts payable and accrued expenses
beginning of year $3,736,592 · end of year $1,215,178
-
20 · Tax-exempt bond liabilities
beginning of year $92,828,917 · end of year $85,651,629
-
25 · Other liabilities
beginning of year $11,416,788 · end of year $16,643,631
-
27 · Net assets without donor restrictions
beginning of year $291,923,413 · end of year $291,283,229
-
28 · Net assets with donor restrictions
beginning of year $111,372,483 · end of year $107,974,516
Mission and programs · 2022
Mission
STONEHILL COLLEGE, A CATHOLIC INSTITUTION OF HIGHER LEARNING FOUNDED BY THE CONGREGATION OF THE HOLY CROSS, IS A COMMUNITY OF SCHOLARSHIP AND FAITH, ANCHORED BY A BELIEF IN THE INHERENT DIGNITY OF EACH PERSON. THROUGH ITS CURRICULUM OF LIBERAL ARTS AND SCIENCES AND PRE-PROFESSIONAL PROGRAMS, STONEHILL COLLEGE PROVIDES AN EDUCATION OF THE HIGHEST CALIBER THAT FOSTERS CRITICAL THINKING, FREE INQUIRY AND THE INTERCHANGE OF IDEAS. STONEHILL COLLEGE EDUCATES THE WHOLE PERSON SO THAT EACH STONEHILL GRADUATE THINKS, ACTS, AND LEADS WITH COURAGE TOWARD THE CREATION OF A MORE JUST AND COMPASSIONATE WORLD.
-
STONEHILL IS A SELECTIVE CATHOLIC COLLEGE LOCATED NEAR BOSTON ON A BEAUTIFUL 384 ACRE CAMPUS IN EASTON, MASSACHUSETTS. WITH A STUDENT:FACULTY RATIO OF 12:1, THE COLLEGE ENGAGES 2,548 STUDENTS IN 100+ RIGOROUS ACADEMIC PROGRAMS IN THE LIBERAL ARTS, SCIENCES, AND PRE-PROFESSIONAL FIELDS. THE COLLEGE ALSO OFFERS MASTERS PROGRAMS IN DATA ANALYTICS, MARKETING, INTEGRATED MARKETING AND COMMUNICATIONS, AND INCLUSIVE EDUCATION. THE STONEHILL COMMUNITY HELPS STUDENTS TO DEVELOP THE KNOWLEDGE, SKILLS, AND CHARACTER TO MEET THEIR PROFESSIONAL GOALS AND TO LIVE LIVES OF PURPOSE AND INTEGRITY.
Expenses $165,569,125 · Grants $76,575,860 · Revenue $164,702,752
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Rev John Denning CscREV JOHN DENNING CSC
PRESIDENT
- Total calculated
- $40,345
- From this org
- $0
- From related orgs
- $0
- Other
- $40,345
- Hours/week
- 35
-
Rev Charles McCoy CscREV CHARLES MCCOY CSC
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Leo J Meehan IIILEO J MEEHAN III
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Marsha A MosesMARSHA A MOSES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Samuel E NavarroSAMUEL E NAVARRO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Thomas J MayTHOMAS J MAY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Rev Hugh R Page Jr PhDREV HUGH R PAGE JR PHD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jean M RaymondJEAN M RAYMOND
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Robert F RiversROBERT F RIVERS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Rev John J Ryan CscREV JOHN J RYAN CSC
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Thomas A ShieldsTHOMAS A SHIELDS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Rev Peter J Walsh CscREV PETER J WALSH CSC
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Patricia M McCartan PruePATRICIA M MCCARTAN PRUE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Rev Thomas Looney CscREV THOMAS LOONEY CSC
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Kathleen MillerKATHLEEN MILLER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Vicki C BalsamoVICKI C BALSAMO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Rev E William Beauchamp CscREV E WILLIAM BEAUCHAMP CSC
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Rev Peter A Jarret CscREV PETER A JARRET CSC
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Daniel P DevastoDANIEL P DEVASTO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Brian F DohertyBRIAN F DOHERTY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Rev Robert Dowd CscREV ROBERT DOWD CSC
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Patrick D BurkePATRICK D BURKE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Patrick W GriffinPATRICK W GRIFFIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Elizabeth G HaydenELIZABETH G HAYDEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Michael W HerlihyMICHAEL W HERLIHY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
John E DrewJOHN E DREW
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Bros Thomas Giumenta CscBROS THOMAS GIUMENTA CSC
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Rev William M Lies CscREV WILLIAM M LIES CSC
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Rev Pete McCormick CscREV PETE MCCORMICK CSC
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
James Keith MotleyJAMES KEITH MOTLEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Meachan EichmannMEACHAN EICHMANN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Juan F LoperaJUAN F LOPERA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Rev Brogan RyancscREV BROGAN RYANCSC
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Judith A SalernoJUDITH A SALERNO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jeanne M FinlaysonJEANNE M FINLAYSON
VP FOR FINANCE & TREASURER
- Total calculated
- $309,448
- From this org
- $280,477
- From related orgs
- $0
- Other
- $28,971
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $278,654
- Bonus
- $0
- Other
- $1,823
- Deferred
- $26,292
- Nontaxable benefits
- $2,679
- Filer's total
- $309,448
-
Thomas V FlynnTHOMAS V FLYNN
CLERK/GENERAL COUNSELOR
- Total calculated
- $232,963
- From this org
- $188,912
- From related orgs
- $0
- Other
- $44,051
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $188,507
- Bonus
- $0
- Other
- $405
- Deferred
- $16,155
- Nontaxable benefits
- $27,896
- Filer's total
- $232,963
-
Doug SmithDOUG SMITH
VP FOR ADVANCEMENT
- Total calculated
- $236,337
- From this org
- $215,699
- From related orgs
- $0
- Other
- $20,638
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $214,420
- Bonus
- $0
- Other
- $1,279
- Deferred
- $17,914
- Nontaxable benefits
- $2,724
- Filer's total
- $236,337
-
Pauline DobrowskiPAULINE DOBROWSKI
VP FOR STUDENT AFFAIRS
- Total calculated
- $230,647
- From this org
- $184,863
- From related orgs
- $0
- Other
- $45,784
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $184,603
- Bonus
- $0
- Other
- $260
- Deferred
- $15,892
- Nontaxable benefits
- $29,892
- Filer's total
- $230,647
-
Craig BinneyCRAIG BINNEY
ASSOC. VP OF FINANCE
- Total calculated
- $245,558
- From this org
- $200,233
- From related orgs
- $0
- Other
- $45,325
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $198,986
- Bonus
- $0
- Other
- $1,247
- Deferred
- $17,407
- Nontaxable benefits
- $27,918
- Filer's total
- $245,558
-
Debrenna AgbenyigaDEBRENNA AGBENYIGA
PROVOST (UNTIL 11-20-22)
- Total calculated
- $344,154
- From this org
- $219,629
- From related orgs
- $0
- Other
- $124,525
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $119,141
- Bonus
- $0
- Other
- $100,488
- Deferred
- $118,823
- Nontaxable benefits
- $5,702
- Filer's total
- $344,154
-
Joseph DaceyJOSEPH DACEY
VP ENROLLMENT MGMT. (UNTIL 6-3-23)
- Total calculated
- $233,178
- From this org
- $188,548
- From related orgs
- $0
- Other
- $44,630
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $188,380
- Bonus
- $0
- Other
- $168
- Deferred
- $16,158
- Nontaxable benefits
- $28,472
- Filer's total
- $233,178
-
Tamara AndersonTAMARA ANDERSON
CHIEF INFORMATION OFFICER
- Total calculated
- $205,261
- From this org
- $175,864
- From related orgs
- $0
- Other
- $29,397
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $173,886
- Bonus
- $0
- Other
- $1,978
- Deferred
- $14,162
- Nontaxable benefits
- $15,235
- Filer's total
- $205,261
-
Michael SaleMICHAEL SALE
FACULTY-PROFESSOR
- Total calculated
- $187,628
- From this org
- $167,146
- From related orgs
- $0
- Other
- $20,482
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $167,058
- Bonus
- $0
- Other
- $88
- Deferred
- $8,771
- Nontaxable benefits
- $11,711
- Filer's total
- $187,628
-
Sam BeldonaSAM BELDONA
DEAN, SCHOOL OF BUSINESS
- Total calculated
- $266,304
- From this org
- $222,966
- From related orgs
- $0
- Other
- $43,338
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $222,117
- Bonus
- $0
- Other
- $849
- Deferred
- $16,585
- Nontaxable benefits
- $26,753
- Filer's total
- $266,304
-
Eddie RheeEDDIE RHEE
FACULTY - PROFESSOR
- Total calculated
- $195,041
- From this org
- $157,284
- From related orgs
- $0
- Other
- $37,757
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $156,807
- Bonus
- $0
- Other
- $477
- Deferred
- $10,158
- Nontaxable benefits
- $27,599
- Filer's total
- $195,041
-
Lee McGinnisLEE MCGINNIS
FACULTY - PROFESSOR
- Total calculated
- $208,429
- From this org
- $162,239
- From related orgs
- $0
- Other
- $46,190
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $161,745
- Bonus
- $0
- Other
- $494
- Deferred
- $10,426
- Nontaxable benefits
- $35,764
- Filer's total
- $208,429
-
Francis DillonFRANCIS DILLON
FORMER VP FOR ADVANCEMENT
- Total calculated
- $153,734
- From this org
- $117,318
- From related orgs
- $0
- Other
- $36,416
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $115,463
- Bonus
- $0
- Other
- $1,855
- Deferred
- $8,654
- Nontaxable benefits
- $27,762
- Filer's total
- $153,734
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 · Housing allowance or residence for personal use
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 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)
- PART I, LINE 4A
- DEBRENNA AGBENYIGA RECEIVED $100,000 IN CALENDAR YEAR 2022 CONNECTED TO HER RESIGNATION OF HER POSITION AND SEPARATION FROM THE COLLEGE. THIS AMOUNT IS INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III).
- SCHEDULE J, PART I:
- STONEHILL COLLEGE PAID FOR PROFESSIONAL SERVICES BASED ON MARKET COMPENSATION AND BENEFITS, TOTALING $1,084,786 TO THE CONGREGATION OF THE HOLY CROSS FOR INSTRUCTIONAL, ADMINISTRATIVE, AND INSTITUTIONAL SERVICES. INDIVIDUAL MEMBERS OF THE CONGREGATION ADHERE TO THE VOW OF POVERTY.
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
-
TOWN OF EASTON MA
$40,000
GENERAL SUPPORT
-
$7,500
GENERAL SUPPORT
-
$6,089
GENERAL SUPPORT
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.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
PERPETUAL TRUSTS (2)
T · TRUST · MA · controlled entity
Directly controlled by STONEHILL COLLEGE INC
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 18 April 2024
- IRS schema version
- 2022v5.0
- Source object
- 202421229349301302
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.