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Nonprofiteer
← IMMACULATA UNIVERSITY

Form 990 for tax year 2023

Filed by IMMACULATA UNIVERSITY.

Totals

Total revenue
$55,159,100
Total expenses
$55,811,113
Contributions and grants received
$4,470,171
Grants paid
$13,455,995
Program service revenue
$47,760,003
Investment income
$1,996,736
Other revenue
$932,190
Total assets, end of year
$88,610,134
Total liabilities, end of year
$45,956,497
Net assets or fund balances, end of year
$42,653,637
Program services expenses (Part IX)
$42,643,727
Management and general expenses
$12,301,371
Fundraising expenses
$866,015
Program service expenses (Part III)
$42,643,727

Program services were 76.4% 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

    $89,559

  • 1e · Government grants (contributions)

    $470,040

  • 1f · All other contributions, gifts and grants

    $3,910,572

  • 1g · Noncash contributions included above

    $32,496

  • 2a · Program service revenue: TUITON/FEES

    total $41,528,261 · related or exempt $41,528,261

  • 2b · Program service revenue: RESIDENT HALLS

    total $3,542,526 · related or exempt $3,542,526

  • 2c · Program service revenue: STUDENT BOARD PLAN

    total $2,622,886 · related or exempt $2,622,886

  • 2d · Program service revenue: BOOKSTORE COMM. & VEND

    total $53,283 · related or exempt $53,283

  • 2e · Program service revenue: IU CASH RECIEPTS

    total $13,047 · related or exempt $13,047

  • 3 · Investment income

    total $1,820,294 · excluded $1,820,294

  • 4 · Income from investment of tax-exempt bond proceeds

    total $136,286 · excluded $136,286

  • 7a · Gross sales of assets other than inventory

    securities $18,047,793

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

    securities $17,965,114 · other assets $42,523

  • 7c · Gain or loss

    securities $82,679 · other assets -$42,523

  • 7d · Net gain or loss

    total $40,156 · related or exempt -$42,523 · excluded $82,679

  • 8a · Fundraising events: gross income

    $56,753

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

    $89,559

  • 8b · Fundraising events: direct expenses

    $57,961

  • 8c · Net income from fundraising events

    total -$1,208 · excluded -$1,208

  • 11a · Other revenue: MISC INCOME

    total $735,970 · related or exempt $735,970

  • 11b · Other revenue: FACILITY USAGE AND CAMP FEES

    total $89,177 · unrelated business $87,977 · excluded $1,200

  • 11c · Other revenue: TRANSCRIPT INCOME

    total $50,331 · related or exempt $50,331

  • 11d · All other revenue

    total $57,920 · related or exempt $57,920

  • 11e · Other revenue, total

    $933,398

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $13,455,995 · program services $13,455,995

  • 5 · Compensation of officers, directors and key employees

    total $1,199,167 · program services $194,102 · management and general $803,724 · fundraising $201,341

  • 7 · Other salaries and wages

    total $16,794,115 · program services $13,585,792 · management and general $2,876,757 · fundraising $331,566

  • 8 · Pension plan contributions

    total $496,282 · program services $355,452 · management and general $119,408 · fundraising $21,422

  • 9 · Other employee benefits

    total $2,211,066 · program services $1,575,752 · management and general $573,503 · fundraising $61,811

  • 10 · Payroll taxes

    total $1,269,239 · program services $963,240 · management and general $264,591 · fundraising $41,408

  • 11b · Fees: legal

    total $160,194 · management and general $160,194

  • 11c · Fees: accounting

    total $86,300 · management and general $86,300

  • 11f · Fees: investment management

    total $86,549 · management and general $86,549

  • 11g · Fees: other

    total $2,981,740 · program services $1,979,453 · management and general $980,600 · fundraising $21,687

  • 12 · Advertising and promotion

    total $930,224 · program services $89,271 · management and general $815,101 · fundraising $25,852

  • 13 · Office expenses

    total $3,066,871 · program services $2,293,726 · management and general $647,899 · fundraising $125,246

  • 14 · Information technology

    total $3,596,081 · management and general $3,596,081

  • 17 · Travel

    total $157,274 · program services $147,803 · management and general $4,703 · fundraising $4,768

  • 20 · Interest

    total $1,772,371 · program services $1,422,479 · management and general $349,892

  • 22 · Depreciation, depletion and amortization

    total $3,895,470 · program services $3,126,447 · management and general $769,023

  • 23 · Insurance

    total $494,601 · program services $398,328 · management and general $96,273

  • 24a · Other expenses: FOOD SERVICES

    total $3,024,266 · program services $2,982,404 · management and general $10,948 · fundraising $30,914

  • 24b · Other expenses: EQUIPMENT

    total $133,308 · program services $73,483 · management and general $59,825

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,775,422 · end of year $1,853,906

  • 3 · Pledges and grants receivable

    beginning of year $1,704,063 · end of year $2,457,457

  • 4 · Accounts receivable

    beginning of year $633,311 · end of year $745,409

  • 7 · Other notes and loans receivable

    beginning of year $120,414 · end of year $30,750

  • 9 · Prepaid expenses and deferred charges

    beginning of year $532,023 · end of year $634,302

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

    $148,888,763

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

    $96,079,112

  • 10c · Land, buildings and equipment, net

    beginning of year $53,708,577 · end of year $52,809,651

  • 11 · Investments: publicly traded securities

    beginning of year $29,076,576 · end of year $30,003,738

  • 15 · Other assets

    beginning of year $82,819 · end of year $74,921

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,054,543 · end of year $2,818,060

  • 19 · Deferred revenue

    beginning of year $2,396,025 · end of year $2,226,885

  • 20 · Tax-exempt bond liabilities

    beginning of year $34,822,992 · end of year $34,016,261

  • 23 · Secured mortgages and notes payable

    beginning of year $4,253,288 · end of year $4,319,267

  • 25 · Other liabilities

    beginning of year $2,634,030 · end of year $2,576,024

  • 27 · Net assets without donor restrictions

    beginning of year $18,600,408 · end of year $16,641,439

  • 28 · Net assets with donor restrictions

    beginning of year $22,871,919 · end of year $26,012,198

Mission and programs · 2023

Mission

SEE SCHEDULE O.

Activities or mission (Part I)

SEE SCHEDULE 0.

  • TO EDUCATE AND PROVIDE RELATED SERVICES TO STUDENTS. IN THE FALL TERM OF ACADEMIC YEAR 2023/2024, THIS PROGRAM BENEFITTED 2,426 OF WHOM 988 WERE TRADITIONAL UNDERGRADUATE AND 897 GRADUATE STUDENTS. THIS PROGRAM ALSO CONTRIBUTED TOWARD THE GRADUATION OF 459 STUDENTS DURING ACADEMIC YEAR 2023/2024.

    Expenses $36,435,530 · Grants $13,096,905 · Revenue $41,528,261

  • TO PROVIDE LIVING QUARTERS FOR STUDENTS. IN THE FALL TERM OF ACADEMICYEAR 2023/2024, THIS PROGRAM BENEFITTED 511 STUDENTS.

    Expenses $2,785,120 · Grants $223,780 · Revenue $3,542,526

  • TO PROVIDE MEALS TO STUDENTS. IN THE FALL OF 2023, THIS PROGRAMBENEFITTED 534 STUDENTS.

    Expenses $3,423,077 · Grants $135,310 · Revenue $2,622,886

  • Revenue $868,028

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Sister Margaret Rose Adams

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Peggy Behm

    TRUSTEE (BOARD CHAIR)

    Total calculated
    $0
    Hours/week
    2

  • Phyllis Bellopede

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Norma C Brown

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Sister Elaine Dechantal Brookes

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Justin Cusick

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Sister John Evelyn Ditrolio Ihm

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Cindy Egnotovich

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Aj Gabriele

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Melissa George

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Ralph J Hall

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Sister Regina M Havens Ihm

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Kathleen Hohenadel

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Kathleen James

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Patricia A Knecht PhD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mary Lou Kramer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Bernadette Maguire

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Dianne Manges

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Sister Patricia Mengel Ihm

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Anthony J Montagnolo

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Kevin Moore

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Theresa M Payton

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Sister Stephen Anne Roderiguez Ihm

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Sister Mary Smith Ihm

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Sister Mary Ellen Tennity Ihm

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mimi Draper Walsh

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Judith Witt

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Barbara Lettiere

    PRESIDENT

    Total calculated
    $252,001
    From this org
    $233,665
    From related orgs
    $0
    Other
    $18,336
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $233,665
    Bonus
    $0
    Other
    $0
    Deferred
    $9,500
    Nontaxable benefits
    $8,836
    Filer's total
    $252,001

  • Susan Arnold

    VP OF ADVANCEMENT

    Total calculated
    $201,341
    From this org
    $185,961
    From related orgs
    $0
    Other
    $15,380
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $185,961
    Bonus
    $0
    Other
    $0
    Deferred
    $7,474
    Nontaxable benefits
    $7,906
    Filer's total
    $201,341

  • Patricia Canterino

    VP FOR SD & UA

    Total calculated
    $194,102
    From this org
    $179,498
    From related orgs
    $0
    Other
    $14,604
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $179,498
    Bonus
    $0
    Other
    $0
    Deferred
    $7,200
    Nontaxable benefits
    $7,404
    Filer's total
    $194,102

  • Angela Tekely

    VP ACADEMIC AFFAIRS

    Total calculated
    $163,262
    From this org
    $133,491
    From related orgs
    $0
    Other
    $29,771
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $133,491
    Bonus
    $0
    Other
    $0
    Deferred
    $5,119
    Nontaxable benefits
    $24,652
    Filer's total
    $163,262

  • Amy Bosio

    VP FINANCE & ADMINISTRATION

    Total calculated
    $218,280
    From this org
    $182,589
    From related orgs
    $0
    Other
    $35,691
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $182,589
    Bonus
    $0
    Other
    $0
    Deferred
    $8,017
    Nontaxable benefits
    $27,674
    Filer's total
    $218,280

  • Sister Antoine Lawlor Ihm

    VP FOR MISSION AND MINISTRY

    Total calculated
    $0
    Hours/week
    40

  • Steven Kendus

    VP OF MARKETING AND COMMUNICATIONS

    Total calculated
    $170,181
    From this org
    $154,237
    From related orgs
    $0
    Other
    $15,944
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,237
    Bonus
    $0
    Other
    $0
    Deferred
    $6,400
    Nontaxable benefits
    $9,544
    Filer's total
    $170,181

  • Kevin Convery

    DIRECTOR OF FACILITIES

    Total calculated
    $117,354
    From this org
    $111,117
    From related orgs
    $0
    Other
    $6,237
    Hours/week
    40

  • Mary Powell

    DEAN/ASSOCIATE PROFESSOR

    Total calculated
    $131,108
    From this org
    $122,563
    From related orgs
    $0
    Other
    $8,545
    Hours/week
    40

  • Melissa Reed

    DEAN

    Total calculated
    $125,441
    From this org
    $114,278
    From related orgs
    $0
    Other
    $11,163
    Hours/week
    40

  • Jeffrey Rollison

    DIRECTOR OF LIBRARY

    Total calculated
    $133,224
    From this org
    $122,142
    From related orgs
    $0
    Other
    $11,082
    Hours/week
    40

  • Joseph Corabi

    PROFESSOR

    Total calculated
    $112,749
    From this org
    $102,851
    From related orgs
    $0
    Other
    $9,898
    Hours/week
    40

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 · Independent compensation consultant
  • 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)

PART I, LINE 3:
THE FOLLOWING TRUSTEES OF IMMACULATA UNIVERSITY'S BOARD OF TRUSTEES ARE MEMBERS OF THE SISTERS, SERVANTS OF THE IMMACULATE HEART OF MARY RELIGIOUS CONGREGATION AND DO NOT RECEIVE COMPENSATION FOR THIS SERVICE IN KEEPING WITH THEIR STATED VOW OF POVERTY: SISTER MARY ELLEN TENNITY, IHM SISTER MARGARET ROSE ADAMS, IHM SISTER ELAINE DECHANTAL BROOKES, IHM SISTER JOHN EVELYN DITROLIO, IHM SISTER REGINA M. HAVENS, IHM SISTER STEPHEN ANNE RODERIGUEZ, IHM SISTER PATRICIA MENGEL, IHM SISTER MARY SMITH, IHM THE FOLLOWING OFFICER OF IMMACULATA UNIVERSITY IS A MEMBER OF THE SISTERS, SERVANTS OF THE IMMACULATE HEART OF MARY RELIGIOUS CONGREGATION AND DOES NOT RECEIVE COMPENSATION FOR THIS SERVICE IN KEEPING WITH THEIR STATED VOW OF POVERTY: SISTER ANTOINE LAWLOR, IHM - VP FOR MISSION AND MINISTRY

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
1 May 2025
IRS schema version
2023v6.0
Source object
202501259349301000

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