Aquinas College
Fiscal Year
No current fiscal year information is available at this time.
Organizational Budgets and Other Documents
IRS Letter of Exemption
| aquinas college irs ltr |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $2,556,785.00 | $2,341,579.00 | |
| Total Expenses | $2,266,374.00 | $2,292,876.00 | |
| Revenue Less Expenses | ($-0.00) | $290,411.00 | $48,703.00 |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | |
| Government - Federal | $0.00 | $0.00 | |
| Government - State | $0.00 | $0.00 | |
| Government - Local | $0.00 | $0.00 | |
| Government - Unspecified | $0.00 | $117,049.00 | |
| Contributions, Gifts, and Grants | $1,059,551.00 | $1,113,442.00 | |
| Indirect Public Support | $0.00 | $0.00 | |
| Earned Revenue | $1,197,115.00 | $926,938.00 | |
| Investment Income, Net of Losses | $252,569.00 | $176,900.00 | |
| Membership Dues | $0.00 | $0.00 | |
| Special Events | $0.00 | $0.00 | |
| Revenue In-Kind | $75.00 | $2,350.00 | |
| Other | $47,475.00 | $4,900.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $1,494,500.00 | $1,589,239.00 | |
| Administration Expense | $756,146.00 | $702,527.00 | |
| Fundraising Expense | $15,728.00 | $1,110.00 | |
| Total Revenue/Total Expenses | 113% | 102% | |
| Program Expense/Total Expenses | 66% | 69% | |
| Fundraising Expense/Contributed Revenue | 1% | 0% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | $0.00 | Program Revenue $1,197,115.00 | Contributions, Gifts, and Grants $1,113,442.00 |
| Second Highest Funding Source & Dollar Amount | $0.00 | Contributions, Gifts, Grants $1,059,551.00 | Program Revenue $926,938.00 |
| Third Highest Funding Source & Dollar Amount | $0.00 | Investment Income $252,569.00 | Investment Income $176,900.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $18,354,777.00 | $18,831,432.00 | |
| Current Assets | $1,992,109.00 | $1,032,104.00 | |
| Long-Term Liabilities | $0.00 | $0.00 | |
| Current Liabilities | $187,475.00 | $97,644.00 | |
| Total Net Assets | $18,167,302.00 | $18,733,788.00 |
Endowment Info
Do you have an endowment?
Yes
What is the value of the endowment?
$4,788,215.00
What is the spending policy for your endowment?
Percentage
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Do you anticipate a campaign in the next 5 years?
No
Solicitation Permit Info
State Charitable Solicitations Permit
Exempt
Form 990s
Audit Documents
CEO/Executive Director/Board Comments
| Aquinas College focuses academic programming on preparation of educators and to strengthen service to Catholic school teachers, leaders, and catechists through spiritual and professional formation programs delivered through the College's Center for Catholic Education and Center for Evangelization and Catechesis. |
Foundation Staff Comments
| Financials taken from 990 only. 990 prepared by Grannis & Associates P.C. Comment provided by Hayley Sulfridge 1/19/22. |
