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Nonprofiteer
← ST MARYS COLLEGE OF CALIFORNIA

Form 990 for tax year 2023

Filed by ST MARYS COLLEGE OF CALIFORNIA.

Totals

Total revenue
$172,108,272
Total expenses
$215,574,276
Contributions and grants received
$12,923,454
Grants paid
$68,067,244
Program service revenue
$154,600,147
Investment income
$3,859,191
Other revenue
$725,480
Total assets, end of year
$368,918,771
Total liabilities, end of year
$139,860,449
Net assets or fund balances, end of year
$229,058,322
Program services expenses (Part IX)
$178,421,187
Management and general expenses
$33,730,704
Fundraising expenses
$3,422,385
Program service expenses (Part III)
$178,421,187

Program services were 82.8% 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

    $121,683

  • 1f · All other contributions, gifts and grants

    $12,801,771

  • 1g · Noncash contributions included above

    $805,526

  • 2a · Program service revenue: TUITION AND FEES

    total $124,106,710 · related or exempt $124,106,710

  • 2b · Program service revenue: AUXILIARY INCOME

    total $22,348,304 · related or exempt $22,348,304

  • 2c · Program service revenue: OTHER PROGRAM SERVICE REVENUE

    total $5,042,294 · related or exempt $5,042,294

  • 2d · Program service revenue: GRANT AND CONTRACT REVENUE

    total $1,933,525 · related or exempt $1,933,525

  • 2e · Program service revenue: ATHLETICS

    total $1,169,314 · related or exempt $1,169,314

  • 3 · Investment income

    total $3,443,224 · excluded $3,443,224

  • 5 · Royalties

    total $563,600 · excluded $563,600

  • 6a · Gross rents

    real property $132,650

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $132,650

  • 6d · Net rental income or loss

    total $132,650 · excluded $132,650

  • 7a · Gross sales of assets other than inventory

    securities $138,556,338

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

    securities $138,140,371

  • 7c · Gain or loss

    securities $415,967

  • 7d · Net gain or loss

    total $415,967 · excluded $415,967

  • 8a · Fundraising events: gross income

    $130,450

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

    $121,683

  • 8b · Fundraising events: direct expenses

    $76,833

  • 8c · Net income from fundraising events

    total $53,617 · excluded $53,617

  • 9a · Gaming: gross income

    $31,421

  • 9b · Gaming: direct expenses

    $8,220

  • 9c · Net income from gaming

    total $23,201 · excluded $23,201

  • 11a · Other revenue: OTHER REVENUE

    total -$47,588 · excluded -$47,588

  • 11e · Other revenue, total

    -$47,588

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $68,067,244 · program services $68,067,244

  • 5 · Compensation of officers, directors and key employees

    total $2,198,206 · program services $730,303 · management and general $1,175,472 · fundraising $292,431

  • 7 · Other salaries and wages

    total $68,115,318 · program services $55,665,711 · management and general $10,405,754 · fundraising $2,043,853

  • 9 · Other employee benefits

    total $11,646,470 · program services $8,101,884 · management and general $3,052,358 · fundraising $492,228

  • 10 · Payroll taxes

    total $4,804,002 · program services $3,925,962 · management and general $733,892 · fundraising $144,148

  • 11b · Fees: legal

    total $550,928 · management and general $550,928

  • 11c · Fees: accounting

    total $331,332 · management and general $331,332

  • 11f · Fees: investment management

    total $1,314,772 · management and general $1,314,772

  • 11g · Fees: other

    total $13,564,289 · program services $10,062,313 · management and general $3,346,911 · fundraising $155,065

  • 12 · Advertising and promotion

    total $873,754 · program services $761,991 · management and general $111,763

  • 13 · Office expenses

    total $2,117,168 · program services $1,000,583 · management and general $957,342 · fundraising $159,243

  • 14 · Information technology

    total $4,650,744 · program services $1,130,039 · management and general $3,518,733 · fundraising $1,972

  • 16 · Occupancy

    total $7,512,146 · program services $5,780,777 · management and general $1,724,870 · fundraising $6,499

  • 17 · Travel

    total $7,045,444 · program services $6,481,454 · management and general $500,701 · fundraising $63,289

  • 20 · Interest

    total $4,594,028 · program services $3,614,378 · management and general $979,650

  • 22 · Depreciation, depletion and amortization

    total $7,329,203 · program services $6,261,257 · management and general $1,067,946

  • 23 · Insurance

    total $3,070,919 · management and general $3,070,919

  • 24a · Other expenses: ACADEMIC AND STUDENT PR

    total $5,354,619 · program services $4,645,602 · management and general $658,078 · fundraising $50,939

  • 24b · Other expenses: OTHER EXPENSES

    total $1,275,583 · program services $1,033,582 · management and general $229,283 · fundraising $12,718

  • 24c · Other expenses: LIBRARY ACQUISITIONS

    total $1,158,107 · program services $1,158,107

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $11,095,026 · end of year $6,293,596

  • 3 · Pledges and grants receivable

    beginning of year $13,399,727 · end of year $12,870,183

  • 4 · Accounts receivable

    beginning of year $4,535,622 · end of year $4,427,859

  • 7 · Other notes and loans receivable

    beginning of year $101,062 · end of year $54,619

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,824,269 · end of year $2,481,148

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

    $288,217,037

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

    $157,972,098

  • 10c · Land, buildings and equipment, net

    beginning of year $133,468,948 · end of year $130,244,939

  • 11 · Investments: publicly traded securities

    beginning of year $146,045,988 · end of year $211,945,795

  • 12 · Investments: other securities

    beginning of year $41,620,568 · end of year $0

  • 15 · Other assets

    beginning of year $512,134 · end of year $600,632

  • 17 · Accounts payable and accrued expenses

    beginning of year $13,255,140 · end of year $15,779,684

  • 19 · Deferred revenue

    beginning of year $6,863,028 · end of year $6,733,110

  • 20 · Tax-exempt bond liabilities

    beginning of year $50,921,556 · end of year $107,199,156

  • 23 · Secured mortgages and notes payable

    beginning of year $9,568,402 · end of year $4,000,000

  • 25 · Other liabilities

    beginning of year $11,700,382 · end of year $6,148,499

  • 27 · Net assets without donor restrictions

    beginning of year $83,251,125 · end of year $48,987,463

  • 28 · Net assets with donor restrictions

    beginning of year $177,043,711 · end of year $180,070,859

Mission and programs · 2023

Mission

SAINT MARY'S COLLEGE OF CALIFORNIA INVITES YOU TO PASSIONATELY EMBRACE KNOWLEDGE, THE CHALLENGES OF SCHOLARSHIP, AND THE CAPACITY TO MAKE LASTING CHANGE IN THE WORLD. THE FOUNDATION FOR THIS IS OUR MISSION. TO PROBE DEEPLY THE MYSTERY OF EXISTENCE BY CULTIVATING THE WAYS OF KNOWING AND THE ARTS OF THINKING. TO AFFIRM AND FOSTER THE CHRISTIAN UNDERSTANDING OF THE HUMAN PERSON WHICH ANIMATES THE EDUCATIONAL MISSION OF THE CATHOLIC CHURCH. TO CREATE A STUDENT-CENTERED EDUCATIONAL COMMUNITY WHOSE MEMBERS SUPPORT ONE ANOTHER WITH MUTUAL UNDERSTANDING AND RESPECT.

Activities or mission (Part I)

AN INSTITUTION OF HIGHER EDUCATION THAT GRANTS ASSOCIATE, BACCALAUREATE, AND MASTERS DEGREES IN LIBERAL ARTS, SCIENCE, BUSINESS ADMINISTRATION AND EDUCATION, AS WELL AS A DOCTORATE IN EDUCATION.

  • HIGHER EDUCATION: INSTRUCTION, DEPARTMENTAL RESEARCH, STUDENT AID, LIBRARY, ART MUSEUM, RESIDENCE HALLS, DINING, INTERCOLLEGIATE ATHLETICS FOR 2,003 UNDERGRADUATE STUDENTS AND 762 GRADUATE STUDENTS, TOTAL OF OVER 2,765 STUDENTS.

    Expenses $178,421,187 · Grants $68,067,244 · Revenue $154,600,147

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

Listed in Part VII

  • BR THOMAS K JOHES

    PRESIDENT

    Total calculated
    $0
    Hours/week
    40

  • MICHAEL MATOSO

    VICE PRESIDENT FOR ATHLETI

    Total calculated
    $527,014
    From this org
    $467,835
    From related orgs
    $0
    Other
    $59,179
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $334,979
    Bonus
    $74,197
    Other
    $58,659
    Deferred
    $11,273
    Nontaxable benefits
    $47,906
    Filer's total
    $527,014

  • DAVID JOCHIM

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KATHY LITTLES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ANTHONY SCOLINI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • PATRICK CAREW

    VICE PRESIDENT, ADVANCEMEN

    Total calculated
    $367,416
    From this org
    $346,215
    From related orgs
    $0
    Other
    $21,201
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $310,518
    Bonus
    $31,050
    Other
    $4,647
    Deferred
    $8,580
    Nontaxable benefits
    $12,621
    Filer's total
    $367,416

  • COREY COOK

    PROVOST

    Total calculated
    $354,249
    From this org
    $334,175
    From related orgs
    $0
    Other
    $20,074
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $333,080
    Bonus
    $0
    Other
    $1,095
    Deferred
    $7,891
    Nontaxable benefits
    $12,183
    Filer's total
    $354,249

  • SUSAN COLLINS FORMER

    VICE PRESIDENT FOR FINANCE AND ADMINISTRATION

    Total calculated
    $317,869
    From this org
    $313,775
    From related orgs
    $0
    Other
    $4,094
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,163
    Bonus
    $0
    Other
    $165,612
    Deferred
    $2,853
    Nontaxable benefits
    $1,241
    Filer's total
    $317,869

  • RANDALL W BENNETT

    HEAD COACH, M. BASKETBALL

    Total calculated
    $1,931,343
    From this org
    $1,842,576
    From related orgs
    $0
    Other
    $88,767
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,564,175
    Bonus
    $211,752
    Other
    $66,649
    Deferred
    $42,544
    Nontaxable benefits
    $46,223
    Filer's total
    $1,931,343

  • JUSTIN JOYNER

    ASST M. BASKETBALL COACH

    Total calculated
    $284,195
    From this org
    $265,666
    From related orgs
    $0
    Other
    $18,529
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $229,191
    Bonus
    $10,000
    Other
    $26,475
    Deferred
    $6,598
    Nontaxable benefits
    $11,931
    Filer's total
    $284,195

  • RICHARD PLUMB

    FORMER PRESIDENT

    Total calculated
    $471,373
    From this org
    $435,702
    From related orgs
    $0
    Other
    $35,671
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $414,937
    Bonus
    $0
    Other
    $20,765
    Deferred
    $3,879
    Nontaxable benefits
    $31,792
    Filer's total
    $471,373

  • ERIC FLOWERS

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • JOHN M ARNAUDON

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • ELIZABETH PHELAN

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • BROTHER CHARLES HILKEN

    TRUSTEE/PROFESSOR

    Total calculated
    $0
    Hours/week
    40

  • BROTHER DAVID CARETTI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BROTHER ERNEST MILLER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BROTHER GUSTAVO RAMIREZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BROTHER JAMES GAFFNEY FSC

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BROTHER MICHAEL O'HERN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BROTHER NICK GONZALEZ FSC

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CHARLES MOORE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DAVID HOLQUIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DAVID KENNEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DAVID PERRY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DENNIS MEISS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KARL BEUTNER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KEVIN FLYNN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KIMBERLY VOGEL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARK MADGETT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL BRISBIN

    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. 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
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 2 · Substantiation required before reimbursing expenses
  • 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 1A
THE COLLEGE PROVIDED HOUSING ALLOWANCE TO MICHAEL MATOSO. THESE AMOUNTS ARE REFLECTED IN COLUMN (B)(III) OF SCHEDULE J, PART II.

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.

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.

  • CHARITABLE REMAINDER ANNUITY TRUST (1)

    T · TRUST · CA · controlled entity

  • CHARITABLE REMAINDER UNITRUST (1)

    T · TRUST · CA · controlled entity

  • POOLED INCOME FUND (1)

    T · POOLED INVESTMENT FUND · CA · controlled entity

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202511359349315456

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