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Nonprofiteer
← VITERBO COLLEGE INC

Form 990 for tax year 2022

Filed by VITERBO COLLEGE INC.

Totals

Total revenue
$60,865,710
Total expenses
$63,219,426
Contributions and grants received
$4,478,006
Grants paid
$18,332,631
Program service revenue
$55,012,239
Investment income
$1,396,140
Other revenue
-$20,675
Total assets, end of year
$129,856,746
Total liabilities, end of year
$10,058,290
Net assets or fund balances, end of year
$119,798,456
Program services expenses (Part IX)
$47,645,688
Management and general expenses
$14,507,423
Fundraising expenses
$1,066,315
Program service expenses (Part III)
$47,645,688

Program services were 75.4% 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

    $43,379

  • 1e · Government grants (contributions)

    $927,045

  • 1f · All other contributions, gifts and grants

    $3,507,582

  • 1g · Noncash contributions included above

    $74,726

  • 2a · Program service revenue: TUITION & FEES

    total $47,619,848 · related or exempt $47,619,848

  • 2b · Program service revenue: DORM/FOOD & OTHER AUXILARY

    total $6,488,735 · excluded $6,488,735

  • 2c · Program service revenue: EVENT ADMISSIONS

    total $823,328 · related or exempt $823,328

  • 2d · Program service revenue: OTHER STUDENT SERVICES

    total $80,328 · related or exempt $80,328

  • 3 · Investment income

    total $2,913,377 · excluded $2,913,377

  • 6a · Gross rents

    real property $34,014

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $34,014

  • 6d · Net rental income or loss

    total $34,014 · excluded $34,014

  • 7a · Gross sales of assets other than inventory

    securities $69,322,943 · other assets $10,478

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

    securities $70,850,658 · other assets $0

  • 7c · Gain or loss

    securities -$1,527,715 · other assets $10,478

  • 7d · Net gain or loss

    total -$1,517,237 · excluded -$1,517,237

  • 8a · Fundraising events: gross income

    $20,286

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

    $43,379

  • 8b · Fundraising events: direct expenses

    $74,975

  • 8c · Net income from fundraising events

    total -$54,689 · excluded -$54,689

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $18,332,631 · program services $18,332,631

  • 5 · Compensation of officers, directors and key employees

    total $705,618 · management and general $705,618

  • 7 · Other salaries and wages

    total $20,233,324 · program services $16,180,847 · management and general $3,467,800 · fundraising $584,677

  • 8 · Pension plan contributions

    total $566,056 · program services $441,125 · management and general $98,707 · fundraising $26,224

  • 9 · Other employee benefits

    total $3,460,150 · program services $2,612,312 · management and general $713,331 · fundraising $134,507

  • 10 · Payroll taxes

    total $1,484,761 · program services $1,160,576 · management and general $282,687 · fundraising $41,498

  • 11b · Fees: legal

    total $626 · management and general $626

  • 11c · Fees: accounting

    total $78,802 · management and general $78,802

  • 11f · Fees: investment management

    total $221,740 · management and general $221,740

  • 11g · Fees: other

    total $5,603,258 · program services $2,216,496 · management and general $3,326,814 · fundraising $59,948

  • 12 · Advertising and promotion

    total $654,088 · program services $62,729 · management and general $584,001 · fundraising $7,358

  • 13 · Office expenses

    total $4,858,976 · program services $2,498,859 · management and general $2,238,317 · fundraising $121,800

  • 16 · Occupancy

    total $2,399,223 · program services $261,775 · management and general $2,137,448

  • 17 · Travel

    total $1,293,113 · program services $1,167,536 · management and general $92,037 · fundraising $33,540

  • 19 · Conferences, conventions and meetings

    total $61,504 · program services $51,635 · management and general $9,869

  • 20 · Interest

    total $8,906 · management and general $8,906

  • 22 · Depreciation, depletion and amortization

    total $2,288,079 · program services $2,288,079

  • 23 · Insurance

    total $307,114 · program services $28 · management and general $307,086

  • 24a · Other expenses: MEMBERSHIPS & PERIODICA

    total $234,602 · program services $89,432 · management and general $136,783 · fundraising $8,387

  • 24b · Other expenses: REFERENCE BOOKS

    total $170,990 · program services $122,564 · management and general $50 · fundraising $48,376

  • 24e · All other expenses

    total $255,865 · program services $159,064 · management and general $96,801

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $8,085,200 · end of year $5,356,085

  • 3 · Pledges and grants receivable

    beginning of year $3,092,678 · end of year $2,679,866

  • 4 · Accounts receivable

    beginning of year $575,411 · end of year $501,755

  • 8 · Inventories for sale or use

    beginning of year $80,889 · end of year $68,158

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,116,081 · end of year $1,020,976

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

    $99,196,666

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

    $50,919,107

  • 10c · Land, buildings and equipment, net

    beginning of year $49,610,916 · end of year $48,277,559

  • 11 · Investments: publicly traded securities

    beginning of year $63,979,610 · end of year $69,905,158

  • 13 · Investments: program-related

    beginning of year $2,272,220 · end of year $1,892,322

  • 15 · Other assets

    beginning of year $0 · end of year $154,867

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,211,555 · end of year $3,189,919

  • 19 · Deferred revenue

    beginning of year $2,513,506 · end of year $2,510,136

  • 20 · Tax-exempt bond liabilities

    beginning of year $104,904 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $888,089 · end of year $519,993

  • 25 · Other liabilities

    beginning of year $4,021,488 · end of year $3,838,242

  • 27 · Net assets without donor restrictions

    beginning of year $89,091,196 · end of year $87,238,417

  • 28 · Net assets with donor restrictions

    beginning of year $28,982,267 · end of year $32,560,039

Mission and programs · 2022

Mission

THE VITERBO UNIVERSITY COMMUNITY PREPARES STUDENTS FOR FAITHFUL SERVICE AND ETHICAL LEADERSHIP

  • INSTRUCTION - POST-SECONDARY EDUCATION, WITH PROGRAMS FOR TRADITIONAL UNDERGRADUATE STUDENTS, ACCELERATED PROGRAMS FOR WORKING ADULTS, AND GRADUATE EDUCATION FOR APPROXIMATELY 2,500 STUDENTS.

    Expenses $28,051,913 · Grants $18,332,631 · Revenue $47,619,848

  • STUDENT SERVICES - STUDENT SUPPORT SERVICES PROVIDED FOR ALL STUDENTS, INCLUDING STUDENT ACTIVITIES REGISTRAR, ADMISSIONS, FINANCIAL AID, HEALTH SERVICES, ATHLETICS, LEARNING CENTER, AND CAREER SERVICES.

    Expenses $9,662,222 · Revenue $903,656

  • AUXILIARY SERVICES - RESIDENCE HALLS AND FOOD SERVICE PROGRAMS, SERVING A RESIDENTIAL CAPACITY OF APPROXIMATELY 650 STUDENTS.

    Expenses $5,064,368

  • ACADEMIC SUPPORT, FINE ARTS, AND OTHER PUBLIC SERVICES.

    Expenses $4,867,185

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

Listed in Part VII

  • JOHN MCHUGH

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • PAUL MUELLER MD

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • HELEN ELSBERND FSPA

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • MARK SCHNEIDER

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • CHAD BABCOCK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • LAQUITA BECKER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ANTHONY BINSFELD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ANN BOLAND

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • GEORGIA CHRISTENSEN FSPA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • FR DAVID COUTURIER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ANDREW DAHL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CHARLES D GELATT JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KOURTNEY GIBSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARGARET HAMMELL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CYNTHIA HOUGUM

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • THERESA KELLER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JANE KIRSCHLING

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • GREGORY LIND

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • FR TOM LINDNER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JOHN LYCHE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • LEE'ANN MATHY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • PAUL MOLLING DO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL NICKEL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL QUILLIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SCOTT RATHGABER MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DUANE RING JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ARBENDER ROBINSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BRIAN SOLLER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BRADLEY STURM

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BETH SUMNER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MATTHEW WATSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • RICHARD TRIETLEY

    PRESIDENT

    Total calculated
    $326,992
    From this org
    $309,088
    From related orgs
    $0
    Other
    $17,904
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $307,540
    Bonus
    $0
    Other
    $1,548
    Deferred
    $15,471
    Nontaxable benefits
    $2,433
    Filer's total
    $326,992

  • TONYA WAGNER

    VICE PRESIDENT

    Total calculated
    $139,812
    From this org
    $106,871
    From related orgs
    $0
    Other
    $32,941
    Hours/week
    40

  • SARA COOK

    VICE PRESIDENT (TERMED (11/2022)

    Total calculated
    $151,366
    From this org
    $143,791
    From related orgs
    $0
    Other
    $7,575
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,393
    Bonus
    $0
    Other
    $398
    Deferred
    $7,170
    Nontaxable benefits
    $405
    Filer's total
    $151,366

  • AMY SCHMIDT

    VP OF FINANCE

    Total calculated
    $0
    Hours/week
    40

  • LILLIAN WANJAGI

    VP OF FINANCE (TERMED 10/2022)

    Total calculated
    $175,710
    From this org
    $156,717
    From related orgs
    $0
    Other
    $18,993
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,027
    Bonus
    $0
    Other
    $690
    Deferred
    $0
    Nontaxable benefits
    $18,993
    Filer's total
    $175,710

  • MICHELLE KRONFELD

    VP ENROLLMENT MANAGEMENT

    Total calculated
    $155,355
    From this org
    $122,420
    From related orgs
    $0
    Other
    $32,935
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $122,014
    Bonus
    $30
    Other
    $376
    Deferred
    $6,468
    Nontaxable benefits
    $26,467
    Filer's total
    $155,355

  • JAMES SALMO

    VP ADVANCEMENT

    Total calculated
    $153,612
    From this org
    $138,291
    From related orgs
    $0
    Other
    $15,321
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $136,398
    Bonus
    $0
    Other
    $1,893
    Deferred
    $7,204
    Nontaxable benefits
    $8,117
    Filer's total
    $153,612

  • MARLENE DE LA CRUZ-GUZMAN

    VP DIVERSITY, EQUITY, AND INCLUSION

    Total calculated
    $155,370
    From this org
    $130,178
    From related orgs
    $0
    Other
    $25,192
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $116,424
    Bonus
    $13,216
    Other
    $538
    Deferred
    $0
    Nontaxable benefits
    $25,192
    Filer's total
    $155,370

  • KIRSTEN GABRIEL

    VP STUDENT LIFE AND DEAN OF STUDENTS

    Total calculated
    $112,615
    From this org
    $112,276
    From related orgs
    $0
    Other
    $339
    Hours/week
    40

  • MARY ELLEN STOLDER

    DEAN

    Total calculated
    $147,882
    From this org
    $116,754
    From related orgs
    $0
    Other
    $31,128
    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

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 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
8 May 2024
IRS schema version
2022v5.0
Source object
202411349349303106

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