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Nonprofiteer
← PONTIFICAL COLLEGE JOSEPHINUM

Form 990 for tax year 2022

Filed by PONTIFICAL COLLEGE JOSEPHINUM.

Totals

Total revenue
$7,441,741
Total expenses
$8,986,596
Contributions and grants received
$3,710,379
Grants paid
$952,807
Program service revenue
$2,538,833
Investment income
$1,083,351
Other revenue
$109,178
Total assets, end of year
$51,243,244
Total liabilities, end of year
$4,090,917
Net assets or fund balances, end of year
$47,152,327
Program services expenses (Part IX)
$4,528,552
Management and general expenses
$3,851,061
Fundraising expenses
$606,984
Program service expenses (Part III)
$4,528,552

Program services were 50.4% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $322,625

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $631,921

  • 1f · All other contributions, gifts and grants

    $2,755,833

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: Tuition and Fees

    total $1,854,663 · related or exempt $1,854,663 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Elementary and Secondary Schools

    total $650,896 · related or exempt $650,896 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: Student Aid Received

    total $33,274 · related or exempt $33,274 · unrelated business $0 · excluded $0

  • 2d · Program service revenue

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

  • 2e · Program service revenue

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

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $494,864 · related or exempt $0 · unrelated business $0 · excluded $0

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

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

  • 5 · Royalties

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

  • 6a · Gross rents

    real property $77,985 · personal property $0

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $77,985 · personal property $0

  • 6d · Net rental income or loss

    total $77,985 · related or exempt $0 · unrelated business $0 · excluded $0

  • 7a · Gross sales of assets other than inventory

    securities $3,391,547 · other assets $299

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

    securities $2,803,359 · other assets $0

  • 7c · Gain or loss

    securities $588,188 · other assets $299

  • 7d · Net gain or loss

    total $588,487 · related or exempt $0 · unrelated business $0 · excluded $0

  • 8a · Fundraising events: gross income

    $54,711

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

    $322,625

  • 8b · Fundraising events: direct expenses

    $23,518

  • 8c · Net income from fundraising events

    total $31,193 · unrelated business $0 · excluded $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

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

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

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

  • 11a · Other revenue

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

  • 11b · Other revenue

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

  • 11c · Other revenue

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

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0 · program services $0

  • 2 · Grants to domestic individuals

    total $952,807 · program services $952,807

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $427,984 · program services $233,984 · management and general $194,000 · fundraising $0

  • 6 · Compensation of disqualified persons

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

  • 7 · Other salaries and wages

    total $2,902,884 · program services $1,779,961 · management and general $758,644 · fundraising $364,279

  • 8 · Pension plan contributions

    total $136,248 · program services $78,762 · management and general $45,364 · fundraising $12,122

  • 9 · Other employee benefits

    total $421,707 · program services $249,751 · management and general $125,231 · fundraising $46,725

  • 10 · Payroll taxes

    total $222,252 · program services $126,392 · management and general $70,298 · fundraising $25,562

  • 11a · Fees: management

    total $6,002 · program services $0 · management and general $6,002 · fundraising $0

  • 11b · Fees: legal

    total $15,661 · program services $0 · management and general $15,661 · fundraising $0

  • 11c · Fees: accounting

    total $40,950 · program services $0 · management and general $40,950 · fundraising $0

  • 11d · Fees: lobbying

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

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $4,692 · program services $0 · management and general $4,692 · fundraising $0

  • 11g · Fees: other

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

  • 12 · Advertising and promotion

    total $8,375 · program services $223 · management and general $2,163 · fundraising $5,989

  • 13 · Office expenses

    total $244,977 · program services $21,851 · management and general $166,666 · fundraising $56,461

  • 14 · Information technology

    total $106,189 · program services $61,019 · management and general $45,170 · fundraising $0

  • 15 · Royalties

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

  • 16 · Occupancy

    total $577,167 · program services $0 · management and general $577,167 · fundraising $0

  • 17 · Travel

    total $154,344 · program services $130,846 · management and general $7,783 · fundraising $15,715

  • 18 · Travel or entertainment for public officials

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

  • 19 · Conferences, conventions and meetings

    total $879 · program services $0 · management and general $400 · fundraising $479

  • 20 · Interest

    total $138,869 · program services $0 · management and general $138,869 · fundraising $0

  • 21 · Payments to affiliates

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

  • 22 · Depreciation, depletion and amortization

    total $1,273,296 · program services $0 · management and general $1,273,296 · fundraising $0

  • 23 · Insurance

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

  • 24a · Other expenses: Service Contracts - Food Service

    total $664,255 · program services $664,255 · management and general $0 · fundraising $0

  • 24b · Other expenses: Service Contracts - All Other

    total $202,682 · program services $10,553 · management and general $173,059 · fundraising $19,070

  • 24c · Other expenses: Repairs and Maintenance

    total $84,939 · program services $0 · management and general $84,939 · fundraising $0

  • 24d · Other expenses: Official Entertainment

    total $48,336 · program services $36,008 · management and general $1,761 · fundraising $10,567

  • 24e · All other expenses

    total $351,101 · program services $182,140 · management and general $118,946 · fundraising $50,015

  • 26 · Joint costs (an allocation of the lines above)

    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 $39,282 · end of year $97,603

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $1,324,315 · end of year $1,886,399

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $89,254 · end of year $107,030

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

    $47,707,629

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

    $27,845,427

  • 10c · Land, buildings and equipment, net

    beginning of year $20,601,704 · end of year $19,862,202

  • 11 · Investments: publicly traded securities

    beginning of year $27,946,762 · end of year $29,290,010

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $278,364 · end of year $377,860

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $2,406,584 · end of year $2,856,584

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $947,987 · end of year $856,473

  • 27 · Net assets without donor restrictions

    beginning of year $28,021,924 · end of year $28,725,725

  • 28 · Net assets with donor restrictions

    beginning of year $18,346,458 · end of year $18,426,602

Mission and programs · 2022

Mission

The Josephinum seeks to prepare priests for the new evangelization and to serve the pastoral needs of the Roman Catholic Church. The Josephinum provides resources to prepare candidates for the priesthood. The Josephinum shares its resources with the wider Church by promoting vocations and educating clergy laity.

Activities or mission (Part I)

The Josephinum seeks to prepare priests for the new evangelization and to serve the pastoral needs of the Church. The Josephinum provides resources to prepare candidates for the priesthood. The Josephinum shares its resources with the wider Church by promoting vocations and educating clergy laity.

  • Academic instruction of approximately 60 students in the College of Liberal Arts and School of Theology. The departments include General Academics Spiritual Formation Liturgy Pastoral Formation Continuing Education and Music.

    Expenses $2,935,581 · Grants $952,807 · Revenue $1,887,937

  • Full-service library to support students in their academic pursuits.

    Expenses $225,065

  • Student services include Dining Services a Health Center Gym Work-Out Facility and other Athletic Programs Counseling Services Personal Formation through Priests and faculty including the Dean of Men Seminarian Assistance and services provided by the Registrars Office.

    Expenses $1,367,906 · Revenue $650,896

As filed on the 2022 return.

Listed in Part VII

  • The Most Rev Christophe Pierre

    Chancellor

    Total calculated
    $0
    Hours/week
    1

  • The Most Rev Ear Fernandes

    Vice Chancellor

    Total calculated
    $0
    Hours/week
    1

  • Very Reverend Steven Beseau

    Rector President

    Total calculated
    $96,492
    From this org
    $83,030
    From related orgs
    $0
    Other
    $13,462
    Hours/week
    40

  • Mr James O'Connor

    VP for Administration Treasurer

    Total calculated
    $0
    Hours/week
    40

  • Mr John Erwin

    VP for AdministrationTreasurer

    Total calculated
    $67,901
    From this org
    $64,680
    From related orgs
    $0
    Other
    $3,221
    Hours/week
    40

  • Mr Perry Cahall

    Academic Dean

    Total calculated
    $105,246
    From this org
    $80,841
    From related orgs
    $0
    Other
    $24,405
    Hours/week
    40

  • Mr Douglas Fortner

    Associate Professor

    Total calculated
    $91,173
    From this org
    $72,179
    From related orgs
    $0
    Other
    $18,994
    Hours/week
    40

  • Most Reverend Richard Henning

    Individual Trustee

    Total calculated
    $0
    Hours/week
    1

  • Sister Anthony Mary Diago

    Individual Trustee

    Total calculated
    $0
    Hours/week
    1

  • Most Reverend John C Iffert

    Individual Trustee

    Total calculated
    $0
    Hours/week
    1

  • Mr David Karam

    Individual Trustee

    Total calculated
    $0
    Hours/week
    1

  • Mr Patrick Madrid

    Individual Trustee

    Total calculated
    $0
    Hours/week
    1

  • Most Reverend Shawn McKnight

    Individual Trustee

    Total calculated
    $0
    Hours/week
    1

  • Deacon Stephen Petrill

    Individual Trustee

    Total calculated
    $0
    Hours/week
    1

  • Most Reverend Steven Raica

    Individual Trustee

    Total calculated
    $0
    Hours/week
    1

  • Reverend Kevin Bazzel

    Individual Trustee

    Total calculated
    $0
    Hours/week
    1

  • Mr Charles Bramlage

    Individual Trustee

    Total calculated
    $0
    Hours/week
    1

  • Mr Joseph Testa

    Individual Trustee

    Total calculated
    $0
    Hours/week
    1

  • Most Reverend Jeffrey Monforton

    Individual Trustee

    Total calculated
    $0
    Hours/week
    1

  • Mr Doug Stein

    VP of Advancement

    Total calculated
    $141,762
    From this org
    $117,622
    From related orgs
    $0
    Other
    $24,140
    Hours/week
    40

  • Sister Ann Catherine Burleigh

    Individual Trustee

    Total calculated
    $0
    Hours/week
    1

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.

Grants on this return

No itemized grants to organizations on this return.

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.

  • Ponco Co

    C-Corporation · Clothing and gifts · OH · 100% owned · share of income $993 · share of assets $18,099

    Directly controlled by Pontifical College Josephinum

Provenance

Return type
form_990
Tax year
2022
Filed
4 November 2024
IRS schema version
2022v5.0
Source object
202403099349300405

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