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← ST BONAVENTURE UNIVERSITY BUSINESS OFFICE - HOPKINS HALL

Form 990 for tax year 2022

Filed by ST BONAVENTURE UNIVERSITY BUSINESS OFFICE - HOPKINS HALL.

Totals

Total revenue
$126,572,290
Total expenses
$122,756,317
Contributions and grants received
$17,459,601
Grants paid
$45,512,391
Program service revenue
$99,593,596
Investment income
$2,313,152
Other revenue
$7,205,941
Total assets, end of year
$230,221,502
Total liabilities, end of year
$36,417,713
Net assets or fund balances, end of year
$193,803,789
Program services expenses (Part IX)
$104,395,467
Management and general expenses
$14,918,169
Fundraising expenses
$3,442,681
Program service expenses (Part III)
$104,395,467

Program services were 85.0% 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.

  • 1e · Government grants (contributions)

    $1,547,573

  • 1f · All other contributions, gifts and grants

    $15,912,028

  • 1g · Noncash contributions included above

    $438,197

  • 2a · Program service revenue: TUITION AND FEES

    total $83,719,205 · related or exempt $83,719,205

  • 2b · Program service revenue: RESIDENCE HALL

    total $13,021,180 · related or exempt $13,021,180

  • 2c · Program service revenue: FOOD SERVICE/DINING

    total $2,752,652 · related or exempt $2,752,652

  • 2d · Program service revenue: BOOK STORE

    total $100,559 · related or exempt $100,559

  • 3 · Investment income

    total $891,233 · excluded $891,233

  • 7a · Gross sales of assets other than inventory

    securities $8,516,323 · other assets $82,500

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

    securities $7,088,207 · other assets $88,697

  • 7c · Gain or loss

    securities $1,428,116 · other assets -$6,197

  • 7d · Net gain or loss

    total $1,421,919 · related or exempt -$6,197 · excluded $1,428,116

  • 9a · Gaming: gross income

    $39,854

  • 9b · Gaming: direct expenses

    $19,927

  • 9c · Net income from gaming

    total $19,927 · excluded $19,927

  • 11a · Other revenue: OTHER AUXILIARY ACTVITIES

    total $1,091,445 · related or exempt $769,533 · unrelated business $321,912

  • 11b · Other revenue: PASSED THROUGH PARTNERSHIPS

    total $27,667 · unrelated business $27,667

  • 11d · All other revenue

    total $6,066,902 · related or exempt $6,066,902

  • 11e · Other revenue, total

    $7,186,014

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $44,480,963 · program services $44,480,963

  • 3 · Grants to foreign organizations and individuals

    total $1,031,428 · program services $1,031,428

  • 5 · Compensation of officers, directors and key employees

    total $1,862,144 · management and general $1,390,291 · fundraising $471,853

  • 7 · Other salaries and wages

    total $34,279,271 · program services $28,906,854 · management and general $4,005,049 · fundraising $1,367,368

  • 8 · Pension plan contributions

    total $1,998,641 · program services $1,658,164 · management and general $258,721 · fundraising $81,756

  • 9 · Other employee benefits

    total $6,367,190 · program services $5,092,147 · management and general $957,414 · fundraising $317,629

  • 10 · Payroll taxes

    total $2,550,894 · program services $2,015,860 · management and general $406,689 · fundraising $128,345

  • 11e · Fees: professional fundraising services

    total $19,200 · fundraising $19,200

  • 11g · Fees: other

    total $6,046,810 · program services $3,478,917 · management and general $2,406,043 · fundraising $161,850

  • 13 · Office expenses

    total $4,291,085 · program services $3,265,246 · management and general $826,242 · fundraising $199,597

  • 14 · Information technology

    total $423,369 · program services $321,761 · management and general $80,440 · fundraising $21,168

  • 16 · Occupancy

    total $1,523,743 · program services $83,780 · management and general $1,439,963

  • 17 · Travel

    total $2,335,122 · program services $2,043,085 · management and general $137,483 · fundraising $154,554

  • 19 · Conferences, conventions and meetings

    total $221,586 · program services $173,618 · management and general $32,623 · fundraising $15,345

  • 20 · Interest

    total $797,003 · program services $694,218 · management and general $94,372 · fundraising $8,413

  • 22 · Depreciation, depletion and amortization

    total $5,160,528 · program services $4,509,260 · management and general $597,960 · fundraising $53,308

  • 23 · Insurance

    total $508,812 · program services $92,970 · management and general $411,236 · fundraising $4,606

  • 24a · Other expenses: ATHLETICS

    total $3,057,265 · program services $2,768,048 · management and general $289,217

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $1,197,183 · program services $286,394 · management and general $896,479 · fundraising $14,310

  • 24c · Other expenses: STUDENT ACTIVITIES

    total $916,444 · program services $906,131 · management and general $7,396 · fundraising $2,917

  • 24e · All other expenses

    total $3,687,636 · program services $2,586,623 · management and general $680,551 · fundraising $420,462

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $19,477,330 · end of year $23,465,768

  • 3 · Pledges and grants receivable

    beginning of year $5,031,759 · end of year $5,390,038

  • 4 · Accounts receivable

    beginning of year $3,906,631 · end of year $2,515,675

  • 9 · Prepaid expenses and deferred charges

    beginning of year $443,735 · end of year $516,329

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

    $210,559,873

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

    $95,317,570

  • 10c · Land, buildings and equipment, net

    beginning of year $108,230,570 · end of year $115,242,303

  • 11 · Investments: publicly traded securities

    beginning of year $42,699,033 · end of year $40,688,841

  • 12 · Investments: other securities

    beginning of year $41,838,900 · end of year $41,337,661

  • 15 · Other assets

    beginning of year $1,140,942 · end of year $1,064,887

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,634,150 · end of year $5,259,969

  • 19 · Deferred revenue

    beginning of year $6,264,895 · end of year $7,722,349

  • 20 · Tax-exempt bond liabilities

    beginning of year $13,064,668 · end of year $19,199,761

  • 23 · Secured mortgages and notes payable

    beginning of year $694,224 · end of year $62,684

  • 25 · Other liabilities

    beginning of year $4,965,120 · end of year $4,172,950

  • 27 · Net assets without donor restrictions

    beginning of year $105,133,563 · end of year $103,917,783

  • 28 · Net assets with donor restrictions

    beginning of year $87,012,280 · end of year $89,886,006

Mission and programs · 2022

Mission

OUR COMMITMENT IS TO STUDENTS, STUDY AND SERVICE. FOUNDED IN 1858, ST. BONAVENTURE IS A CATHOLIC UNIVERSITY DEDICATED TO EDUCATIONAL EXCELLENCE IN THE FRANCISCAN TRADITION. WE ARE COMMITTED TO THE CONSTANT PURSUIT OF DISTINCTION IN OUR UNDERGRADUATE AND GRADUATE PROGRAMS AND ALL OF OUR COURSES OF STUDY.

Activities or mission (Part I)

CATHOLIC UNIVERSITY DEDICATED TO EDUCATIONAL EXCELLENCE IN THE FRANCISCAN TRADITION.

  • PROGRAM ACTIVITIES SUPPORT SBU'S EFFORTS TO FOSTER THE DEVELOPMENT OF KNOWLEDGEABLE, SKILLED, COMPASSIONATE AND ETHICAL INDIVIDUALS BY MENTORING STUDENTS WITHIN VITALLY ENGAGING LEARNING ENVIRONMENTS, EVER MINDFUL OF SUCH FRANCISCAN VALUES AS INDIVIDUAL DIGNITY, COMMUNITY INCLUSIVENESS, AND SERVICE TO OTHERS. PROGRAM EXPENSES INCLUDE INSTRUCTION FOR UNDERGRAD AND GRADUATE PROGRAMS, RESEARCH, HOUSING COSTS, FOOD SERVICE, ATHLETICS, SCHOLARSHIPS AND FINANCIAL AID.

    Expenses $104,395,467 · Grants $45,512,391 · Revenue $106,423,834

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Michael A Hickey

    BOARD CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Steven G Barry

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Carol A Schumacher

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Fr Daniel P Horan Ofm

    BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Dr Jeff Gingerich

    PRESIDENT

    Total calculated
    $232,408
    From this org
    $224,810
    From related orgs
    $0
    Other
    $7,598
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $194,718
    Bonus
    $0
    Other
    $30,092
    Deferred
    $0
    Nontaxable benefits
    $7,598
    Filer's total
    $232,408

  • Michael A Anderson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Judy Baumgartner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Norbert A Bennett

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Luke H Brown

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Br George Camacho Ofm

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Pikai Chiang

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Patrick Doyle

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Michael T Fossaceca

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Mark R Gianniny

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Gerry Helper

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Fr Linh N Hoang Ofm Ph D

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Laurie R Krupa

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Dr Molly F Kulesz-Martin Ph D

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • William J Lawley Jr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Sr Margaret Magee

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Kristan K McMahon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Rev Kevin J Mullen Ofm

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Mark Murphy

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Richard A Penna

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Susanna Stitt

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Hon James T Walsh

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Kevin Watkins MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • H Daniel Hungerford

    VP FOR FINANCE AND ADMINISTRATION

    Total calculated
    $281,860
    From this org
    $242,649
    From related orgs
    $0
    Other
    $39,211
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $204,849
    Bonus
    $31,800
    Other
    $6,000
    Deferred
    $21,200
    Nontaxable benefits
    $18,011
    Filer's total
    $281,860

  • Joseph Manhertz

    DIRECTOR OF INTERCOLLEGIATE ATHLETICS

    Total calculated
    $266,562
    From this org
    $247,076
    From related orgs
    $0
    Other
    $19,486
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $205,516
    Bonus
    $32,885
    Other
    $8,675
    Deferred
    $0
    Nontaxable benefits
    $19,486
    Filer's total
    $266,562

  • Kathryn D O'Brien

    VP FOR STUDENT AFFAIRS

    Total calculated
    $199,338
    From this org
    $182,369
    From related orgs
    $0
    Other
    $16,969
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $170,744
    Bonus
    $11,625
    Other
    $0
    Deferred
    $16,969
    Nontaxable benefits
    $0
    Filer's total
    $199,338

  • Bernard Valento

    VP FOR ENROLLMENT MANAGEME

    Total calculated
    $203,111
    From this org
    $169,013
    From related orgs
    $0
    Other
    $34,098
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,948
    Bonus
    $12,065
    Other
    $0
    Deferred
    $16,087
    Nontaxable benefits
    $18,011
    Filer's total
    $203,111

  • Robert Van Wicklin

    VP FOR UNIVERSITY ADVANCEMENT THRU MARCH 2023

    Total calculated
    $210,131
    From this org
    $192,501
    From related orgs
    $0
    Other
    $17,630
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,712
    Bonus
    $16,789
    Other
    $0
    Deferred
    $17,630
    Nontaxable benefits
    $0
    Filer's total
    $210,131

  • Dr Joseph Zimmer

    PROVOST AND VP FOR ACADEMIC AFFAIRS

    Total calculated
    $284,973
    From this org
    $251,230
    From related orgs
    $0
    Other
    $33,743
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $205,230
    Bonus
    $40,000
    Other
    $6,000
    Deferred
    $20,447
    Nontaxable benefits
    $13,296
    Filer's total
    $284,973

  • Janet Glogouski

    INTERIM VP OF UNIVERSITY ADVANCEMENT

    Total calculated
    $98,228
    From this org
    $83,406
    From related orgs
    $0
    Other
    $14,822
    Hours/week
    40

  • Dr Michael J Fischer

    PROFESSOR - ACCOUNTING

    Total calculated
    $200,520
    From this org
    $166,529
    From related orgs
    $0
    Other
    $33,991
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,779
    Bonus
    $750
    Other
    $13,000
    Deferred
    $15,980
    Nontaxable benefits
    $18,011
    Filer's total
    $200,520

  • Jesse Fleming

    WOMEN'S HEAD BASKETBALL COACH

    Total calculated
    $201,265
    From this org
    $178,450
    From related orgs
    $0
    Other
    $22,815
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,676
    Bonus
    $2,500
    Other
    $7,274
    Deferred
    $16,320
    Nontaxable benefits
    $6,495
    Filer's total
    $201,265

  • Dr Matrecia James

    DEAN - SCHOOL OF BUSINESS

    Total calculated
    $267,405
    From this org
    $237,038
    From related orgs
    $0
    Other
    $30,367
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $236,288
    Bonus
    $750
    Other
    $0
    Deferred
    $23,872
    Nontaxable benefits
    $6,495
    Filer's total
    $267,405

  • Dr Douglas J Pisano

    DEAN - SCHOOL OF HEALTH PROFESSIONS

    Total calculated
    $246,532
    From this org
    $208,886
    From related orgs
    $0
    Other
    $37,646
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $192,136
    Bonus
    $10,750
    Other
    $6,000
    Deferred
    $19,635
    Nontaxable benefits
    $18,011
    Filer's total
    $246,532

  • Mark Schmidt

    MEN'S HEAD BASKETBALL COACH

    Total calculated
    $1,391,152
    From this org
    $1,330,141
    From related orgs
    $0
    Other
    $61,011
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,091,844
    Bonus
    $120,000
    Other
    $118,297
    Deferred
    $43,000
    Nontaxable benefits
    $18,011
    Filer's total
    $1,391,152

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 · Independent compensation consultant
  • 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

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
2022
Filed
27 February 2024
IRS schema version
2022v5.0
Source object
202410609349300341

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