SAINT JOSEPHS COLLEGE: Form 990, tax year 2017
View the entire original 990 at ProPublica ↗
- Organization
- SAINT JOSEPHS COLLEGE (EIN 35-0868152)
- Tax period
- 2017-07-01 to 2018-06-30
- Filed
- 2019-05-13
- IRS object ID
- 201931339349308123
- Schema version
- 2017v2.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2019-05-13T21:00:17-05:00 | ReturnTs |
| Tax Period End | 2018-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 350921680 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CROWE LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 330 E Jefferson Blvd PO Box 7 | AddressLine1Txt |
| City | South Bend | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 466240007 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2017-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 350868152 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Saint Joseph's College | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SAIN | BusinessNameControlTxt |
| Phone | 2198666000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1027 S College Ave | AddressLine1Txt |
| City | Rensselaer | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 47978 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Father Larry Hemmelgarn | PersonNm |
| Person Title | CHAIR/TREASURER | PersonTitleTxt |
| Signature | 2019-05-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Kenneth J Keber | PreparerPersonNm |
| PTIN | P00240883 | PTIN |
| Phone | 5742323992 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2017 | TaxYr |
| Build TS | 2019-02-21 02:37:17Z | BuildTS |
Form 990 IRS990
Principal Ofcr Business Name PrincipalOfcrBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Father Larry Hemmelgarn | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1027 S College Ave | AddressLine1Txt |
| City | Rensselaer | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 47978 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $18,099,671 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.saintjoe.edu | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1889 | FormationYr |
| Legal Domicile State | IN | LegalDomicileStateCd |
| Activity Or Mission | Saint Joseph's College is a liberal arts college striving to prepare men and women to lead successful professional and personal lives consistent with Gospel values. (Continued in Schedule O) | ActivityOrMissionDesc |
| Voting Members Governing Body | 10 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 10 | VotingMembersIndependentCnt |
| Total Employee | 422 | TotalEmployeeCnt |
| Total Volunteers | 45 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $3,224,364 | PYContributionsGrantsAmt |
| CY Contributions Grants | $622,437 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $29,298,459 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,363,575 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,428,913 | CYInvestmentIncomeAmt |
| PY Other Revenue | $2,418,282 | PYOtherRevenueAmt |
| CY Other Revenue | $3,451,990 | CYOtherRevenueAmt |
| PY Total Revenue | $36,304,680 | PYTotalRevenueAmt |
| CY Total Revenue | $5,503,340 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $13,992,521 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $12,664,876 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $2,936,486 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $65,599 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $14,552,912 | PYOtherExpensesAmt |
| CY Other Expenses | $3,610,918 | CYOtherExpensesAmt |
| PY Total Expenses | $41,210,309 | PYTotalExpensesAmt |
| CY Total Expenses | $6,547,404 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$4,905,629 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$1,044,064 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $88,857,020 | TotalAssetsBOYAmt |
| Total Assets EOY | $90,088,909 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $34,806,579 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $34,614,649 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $54,050,441 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $55,474,260 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | As of 6/30/2017, the College has suspended all academic operations due to financial challenges. The College continues to evaluate all potential future revenue-generating activities which could enable it to resume educational activities at some future date. (Continued in Schedule O) | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | Yes (true) | SignificantChangeInd |
| Expense | $3,772,823 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $1,090,388 | RevenueAmt |
| Desc | The activities of the College during FYE 6/30/2018 consisted primarily of closing school operations, exploring potential future revenue-generating opportunities, and handling administrative duties. Due to financial challenges, the College suspended all operations as of June 30, 2017, voluntarily resigning its accreditation status and thus making it ineligible to continue to participate in federal student financial aid programs. The College worked with other colleges and universities to help current students complete their academic careers. The College did not enroll any new students subsequent to the spring semester 2017. (CONTINUED IN SCHEDULE O) | Desc |
| Total Program Service Expenses | $3,772,823 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Donor Advised Fund | Yes (true) | DonorAdvisedFundInd |
| Conservation Easements | Yes (true) | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (true) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 65 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 422 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | Yes (true) | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| DAF Excess Business Holdings | false | DAFExcessBusinessHoldingsInd |
| Taxable Distributions | false | TaxableDistributionsInd |
| Distribution To Donor | false | DistributionToDonorInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 10 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 10 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (true) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | false | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | IN | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Father Larry Hemmelgarn | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2198666000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1027 S College Ave | AddressLine1Txt |
| City | Rensselaer | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 47978 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (36 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|
| Benedict J Sponseller | ||||||||
| Chair (through Oct 2017) | 1.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Fr Larry Hemmelgarn CPPS | ||||||||
| Chair/Treasurer (beginning Nov 2017) | 1.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Stephen Ruff | ||||||||
| Co-Chair (through Oct 2017) | 1.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Michael Van Eekeren | ||||||||
| Vice Chair (beginning Nov 2017) | 1.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| John Nichols PhD | ||||||||
| Secretary/Professor (through Oct 2017) | 20.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Fr William Stang | ||||||||
| Trustee/Religious Advisor to the President | 40.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Mara Davis | ||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| Ned Tonner | ||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| Peter Ippolito | ||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| Bishop Timothy Doherty | ||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| Carol Wood | ||||||||
| Trustee (through Oct 2017) | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| David Owens | ||||||||
| Trustee (through Oct 2017) | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| Larry Laudick | ||||||||
| Trustee (through Oct 2017) | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| Patricia Mulcahy-Shanahan | ||||||||
| Trustee (through Oct 2017) | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| John Gause | ||||||||
| Trustee (through Oct 2017) | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| Mary Pat Wesche | ||||||||
| Trustee (through Oct 2017) | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| Todd Rokita | ||||||||
| Trustee (through Oct 2017) | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| Edwin Langhenry | ||||||||
| Trustee (through Oct 2017) | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| Catherine Tymkow | ||||||||
| Trustee (through Oct 2017) | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| Stephen Dos Santos | ||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| Paul Misniak | ||||||||
| Trustee (through Oct 2017) | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| Kris Sakelaris | ||||||||
| Trustee/ADJUNCT FACULTY (through Oct 2017) | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| Edward Habrowski | ||||||||
| Trustee/ADJUNCT FACULTY (through Oct 2017) | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| Jim Boler | ||||||||
| Trustee (through Oct 2017) | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| Mark Peres CPPS | ||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| Margaret Guccione | ||||||||
| Trustee (through Oct 2017) | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| Fr William O'Donnell CPPS | ||||||||
| Trustee | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| Lou Offer | ||||||||
| Trustee (through Oct 2017) | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| Cassian Cheung | ||||||||
| Trustee (through Oct 2017) | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| Chad Pulver | ||||||||
| VP for Academic Affairs (Through 4/9/2018) | 40.0 | Yes (X) | $107,172 | $0 | $24,951 | |||
| Fr Barry Fischer | ||||||||
| RECTOR | 40.0 | Yes (X) | $0 | $0 | $0 | |||
| Spencer Conroy | ||||||||
| VP for Business Affairs & Treasurer (Through 12/31/2017) | 40.0 | Yes (X) | $169,607 | $0 | $12,678 | |||
| Robert C Pfaff | ||||||||
| Teacher (through 8/31/2017) | 40.0 | $101,682 | $0 | $6,706 | Yes (X) | |||
| Robert V Monfort | ||||||||
| Teacher (through 9/28/2017) | 40.0 | $103,720 | $0 | $1,900 | Yes (X) | |||
| William Alan White | ||||||||
| Teacher (through 8/31/2017) | 40.0 | $111,573 | $0 | $5,405 | Yes (X) | |||
| Robert Pastoor | ||||||||
| President (through 5/12/2017) | 0.0 | $212,791 | $0 | $11,878 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $806,545 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $63,518 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 6 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (true) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Sodexo Inc and Affiliates | |||||
| PO Box 360170 | Pittsburgh | PA | 152516170 | FOOD SERVICE | $905,014 |
| Barnes Thornburg | |||||
| 888 S Harrison Street Suite 600 | Fort Wayne | IN | 468022206 | legal services | $218,910 |
| The Free Enterprise System | |||||
| One Sodrel Drive | Jefferson | IN | 47130 | Charter Bus Rental | $195,527 |
| Benchmark Mechanical Inc | |||||
| 318 E Monroe St | Kokomo | IN | 46901 | REPAIR/MAINTENANCE | $136,742 |
| Crowe LLP | |||||
| PO Box 71570 | Chicago | IL | 606941570 | Professional Services | $125,446 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 6 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $622,437 | AllOtherContributionsAmt |
| Noncash Contributions | $19,294 | NoncashContributionsAmt |
| Total Contributions | $622,437 | TotalContributionsAmt |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $0 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $134,058 | TotalRevenueColumnAmt |
| Exclusion | $134,058 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $2,754,315 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $373,631 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $2,380,684 | RealAmt |
| Personal | $0 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,380,684 | TotalRevenueColumnAmt |
| Exclusion | $2,380,684 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $12,216,852 | SecuritiesAmt |
| Other | $1,281,621 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $12,203,618 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $13,234 | SecuritiesAmt |
| Other | $1,281,621 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,294,855 | TotalRevenueColumnAmt |
| Exclusion | $1,294,855 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cost Of Goods Sold | $19,082 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$19,082 | TotalRevenueColumnAmt |
| Exclusion | -$19,082 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Debt Forgiveness | 900099 | $1,083,059 | $1,083,059 |
| Miscellaneous | 900099 | $7,329 | $7,329 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $1,090,388 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $5,503,340 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,090,388 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $3,790,515 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $211,520 | TotalAmt |
| Program Services | $68,289 | ProgramServicesAmt |
| Management And General | $143,231 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,083,038 | TotalAmt |
| Program Services | $1,883,242 | ProgramServicesAmt |
| Management And General | $172,988 | ManagementAndGeneralAmt |
| Fundraising | $26,808 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $108,712 | TotalAmt |
| Program Services | $94,226 | ProgramServicesAmt |
| Management And General | $13,147 | ManagementAndGeneralAmt |
| Fundraising | $1,339 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $533,216 | TotalAmt |
| Program Services | $455,869 | ProgramServicesAmt |
| Management And General | $70,934 | ManagementAndGeneralAmt |
| Fundraising | $6,413 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $195,288 | TotalAmt |
| Management And General | $195,288 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,307 | TotalAmt |
| Management And General | $2,307 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,361 | TotalAmt |
| Management And General | $22,361 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $200,487 | TotalAmt |
| Program Services | $14,288 | ProgramServicesAmt |
| Management And General | $186,199 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $109,712 | TotalAmt |
| Program Services | $65,085 | ProgramServicesAmt |
| Management And General | $39,090 | ManagementAndGeneralAmt |
| Fundraising | $5,537 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,622 | TotalAmt |
| Program Services | $9,768 | ProgramServicesAmt |
| Management And General | $854 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $508,842 | TotalAmt |
| Program Services | $474,152 | ProgramServicesAmt |
| Management And General | $34,690 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $31,181 | TotalAmt |
| Program Services | $30,848 | ProgramServicesAmt |
| Management And General | $333 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $153,671 | TotalAmt |
| Program Services | $153,671 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $268,337 | TotalAmt |
| Program Services | $268,337 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Management And GeneralManagementAndGeneralAmt | Program ServicesProgramServicesAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| Bank Fees | $1,818,789 | $1,818,789 | ||
| Membership dues & subscriptions | $79,256 | $131 | $53,623 | $25,502 |
| Professional development and recruiting | $100 | $100 | ||
| Bad debts | $5,545 | $5,545 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $204,420 | TotalAmt |
| Program Services | $195,780 | ProgramServicesAmt |
| Management And General | $8,640 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,547,404 | TotalAmt |
| Program Services | $3,772,823 | ProgramServicesAmt |
| Management And General | $2,708,982 | ManagementAndGeneralAmt |
| Fundraising | $65,599 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,538,242 | BOYAmt |
| EOY | $2,623,917 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,446,187 | BOYAmt |
| EOY | $3,387,073 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,406,651 | BOYAmt |
| EOY | $718,433 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $301,979 | BOYAmt |
| EOY | $197,774 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,472 | BOYAmt |
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,883,894 | BOYAmt |
| EOY | $1,709,764 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,870 | BOYAmt |
| EOY | $0 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $110,445 | BOYAmt |
| EOY | $249,817 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $133,219,948 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $55,215,042 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $75,584,918 | BOYAmt |
| EOY | $78,004,906 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,821,047 | BOYAmt |
| EOY | $2,474,438 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $691,275 | BOYAmt |
| EOY | $722,787 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $64,040 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $88,857,020 | BOYAmt |
| EOY | $90,088,909 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,090,960 | BOYAmt |
| EOY | $3,983,572 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,026,100 | BOYAmt |
| EOY | $1,343,807 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,738,290 | BOYAmt |
| EOY | $26,473,791 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,951,229 | BOYAmt |
| EOY | $2,813,479 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $34,806,579 | BOYAmt |
| EOY | $34,614,649 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$24,218,621 | BOYAmt |
| EOY | -$23,026,442 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,057,280 | BOYAmt |
| EOY | $3,164,972 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $75,211,782 | BOYAmt |
| EOY | $75,335,730 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $54,050,441 | BOYAmt |
| EOY | $55,474,260 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $88,857,020 | BOYAmt |
| EOY | $90,088,909 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$1,044,064 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $1,245,227 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $1,222,656 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (true) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (true) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,830,880 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $3,471,088 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,255,339 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,224,364 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $622,437 | CurrentTaxYearAmt |
| Total | $14,404,108 | TotalAmt |
Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,830,880 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $3,471,088 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,255,339 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,224,364 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $622,437 | CurrentTaxYearAmt |
| Total | $14,404,108 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $0 | SubstantialContributorsTotAmt |
| Public Support Total170 | $14,404,108 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,395,354 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,814,774 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,029,971 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,378,583 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,514,742 | CurrentTaxYearAmt |
| Total | $13,133,424 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $0 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $0 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $0 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $0 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $0 | CurrentTaxYearAmt |
| Total | $0 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $526,178 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $454,379 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $432,400 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $286,542 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,090,388 | CurrentTaxYearAmt |
| Total | $2,789,887 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $30,327,419 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $119,586,922 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.4750 | PublicSupportCY170Pct |
| Public Support PY170 | 0.5104 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule A, Part II, Line 10 Other Income | FormAndLineReferenceDesc |
| Explanation | DESCRIPTION - FUNDRAISING INCOME, COLUMN A - 40140.0, COLUMN B - 29801.0, COLUMN C - 20021.0, COLUMN D - 0.0, COLUMN E - 0.0, COLUMN F - 89962.0; DESCRIPTION - GAMING INCOME, COLUMN A - 20993.0, COLUMN B - 21099.0, COLUMN C - 24386.0, COLUMN D - 0.0, COLUMN E - 0.0, COLUMN F - 66478.0; DESCRIPTION - SALES OF INVENTORY, COLUMN A - 211419.0, COLUMN B - 188930.0, COLUMN C - 172929.0, COLUMN D - 0.0, COLUMN E - 0.0, COLUMN F - 573278.0; DESCRIPTION - OTHER INCOME, COLUMN A - 253626.0, COLUMN B - 214549.0, COLUMN C - 215064.0, COLUMN D - 286542.0, COLUMN E - 7329.0, COLUMN F - 977110.0; DESCRIPTION - DEBT FORGIVENESS, COLUMN A - 0.0, COLUMN B - 0.0, COLUMN C - 0.0, COLUMN D - 0.0, COLUMN E - 1083059.0, COLUMN F - 1083059.0; | ExplanationTxt |
Schedule B IRS990ScheduleB
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Donor Advised Funds Held | 1 | DonorAdvisedFundsHeldCnt |
| Donor Advised Funds Contri | $0 | DonorAdvisedFundsContriAmt |
| Donor Advised Funds Grants | $0 | DonorAdvisedFundsGrantsAmt |
| Donor Advised Funds Vl EOY | $1,394,784 | DonorAdvisedFundsVlEOYAmt |
| Disclosed Org Leg Ctrl | false | DisclosedOrgLegCtrlInd |
| Disclosed For Charitable Prps | false | DisclosedForCharitablePrpsInd |
| Protection Natural Habitat | Yes (X) | ProtectionNaturalHabitatInd |
| Historic Structure | Yes (X) | HistoricStructureInd |
| Total Easements | 2 | TotalEasementsCnt |
| Total Acreage | 345.0 | TotalAcreageCnt |
| Historic Structure Easements | 1 | HistoricStructureEasementsCnt |
| Historic Strctr Easements Aftr | 0 | HistoricStrctrEasementsAftrCnt |
| Modified Easements | 0 | ModifiedEasementsCnt |
| States Easements Held | 1 | StatesEasementsHeldCnt |
| Written Policy Monitoring | false | WrittenPolicyMonitoringInd |
| Staff Hours Spent Enforcement | 1.0 | StaffHoursSpentEnforcementCnt |
| Expenses Incurred Enforcement | $0 | ExpensesIncurredEnforcementAmt |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $13,531,590 | BeginningYearBalanceAmt |
| Contributions | $0 | ContributionsAmt |
| Investment Earnings Or Losses | $1,341,863 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $0 | GrantsOrScholarshipsAmt |
| Other Expenditures | $1,870,949 | OtherExpendituresAmt |
| End Year Balance | $13,002,504 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $19,564,536 | BeginningYearBalanceAmt |
| Contributions | $81,246 | ContributionsAmt |
| Investment Earnings Or Losses | -$360,510 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,459,560 | GrantsOrScholarshipsAmt |
| Other Expenditures | $2,470,099 | OtherExpendituresAmt |
| Administrative Expenses | $824,023 | AdministrativeExpensesAmt |
| End Year Balance | $13,531,590 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $24,158,521 | BeginningYearBalanceAmt |
| Contributions | $103,345 | ContributionsAmt |
| Investment Earnings Or Losses | -$697,936 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,850,617 | GrantsOrScholarshipsAmt |
| Other Expenditures | $855,835 | OtherExpendituresAmt |
| Administrative Expenses | $292,942 | AdministrativeExpensesAmt |
| End Year Balance | $19,564,536 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $24,856,806 | BeginningYearBalanceAmt |
| Contributions | $49,943 | ContributionsAmt |
| Investment Earnings Or Losses | $224,291 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $628,072 | GrantsOrScholarshipsAmt |
| Other Expenditures | $195,576 | OtherExpendituresAmt |
| Administrative Expenses | $148,871 | AdministrativeExpensesAmt |
| End Year Balance | $24,158,521 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $24,313,179 | BeginningYearBalanceAmt |
| Contributions | $275,881 | ContributionsAmt |
| Investment Earnings Or Losses | $2,578,622 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $626,467 | GrantsOrScholarshipsAmt |
| Other Expenditures | $1,539,654 | OtherExpendituresAmt |
| Administrative Expenses | $144,755 | AdministrativeExpensesAmt |
| End Year Balance | $24,856,806 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.1872 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.5923 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.2205 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | false | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | false | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $75,825,288 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $44,582 | OtherCostOrOtherBasisAmt |
| Book Value | $75,869,870 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $49,185,996 | OtherCostOrOtherBasisAmt |
| Depreciation | $47,287,960 | DepreciationAmt |
| Book Value | $1,898,036 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,004,239 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,965,830 | DepreciationAmt |
| Book Value | $38,409 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $6,159,843 | OtherCostOrOtherBasisAmt |
| Depreciation | $5,961,252 | DepreciationAmt |
| Book Value | $198,591 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $78,004,906 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| annuity contracts payable | $88,379 |
| asset retirement obligations | $900,000 |
| U.S. government advances | $1,825,100 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $2,813,479 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $8,073,876 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $1,245,227 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $92,571 | DonatedServicesAndUseFcltsAmt |
| Other Revenue | $1,222,656 | OtherRevenueAmt |
| Revenue Not Reported | $2,560,454 | RevenueNotReportedAmt |
| Revenue Subtotal | $5,513,422 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $9,000 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | -$19,082 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | -$10,082 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $5,503,340 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $6,650,057 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $92,571 | DonatedServicesUseFcltsAmt |
| Other Expenses Included | $0 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $92,571 | ExpensesNotReportedAmt |
| Expenses Subtotal | $6,557,486 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $9,000 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | -$19,082 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | -$10,082 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $6,547,404 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule D, Part II, Line 9 Conservation easements financial reporting | The revenues and expenses associated with the properties subject to a conservation easement are netted together on the income statement within the appropriate revenue line. |
| Schedule D, Part V, Line 4 Intended uses of endowment funds | THE PURPOSE OF THE ENDOWMENT FUND IS TO PROVIDE FUNDS TO UNDERWRITE THE EDUCATIONAL NEEDS OF CURRENT AND FUTURE GENERATIONS OF STUDENTS WHILE ENHANCING THE WELL-BEING OF THE COLLEGE. TO SATISFY ITS LONG-TERM RATE OF RETURN OBJECTIVES, THE COLLEGE COMBINES THE GOAL OF TOTAL RETURN AND PRESERVATION OF CAPITAL WITH PRUDENT RISK TOLERANCE IN ORDER TO ALLOW INVESTMENT MANAGERS THE OPPORTUNITY TO ACHIEVE INVESTMENT RESULTS CONSISTENT WITH THE CATHOLIC VALUES OF THE COLLEGE. THE COLLEGE TARGETS A DIVERSIFIED ASSET ALLOCATION IN ORDER TO MANAGE DOWNSIDE VOLATILITY AND RISK WHILE ACHIEVING THE ENDOWMENT'S RETURN OBJECTIVES. |
| Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote | THE COLLEGE HAS RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE INDICATING THAT THE COLLEGE IS A TAX-EXEMPT ORGANIZATION AS PROVIDED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986 AND, EXCEPT FOR TAXES PERTAINING TO UNRELATED BUSINESS INCOME, IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. NO PROVISION HAS BEEN MADE FOR INCOME TAXES IN THE ACCOMPANYING FINANCIAL STATEMENTS, AS THE COLLEGE HAS HAD NO SIGNIFICANT UNRELATED BUSINESS INCOME. U.S. GAAP PRESCRIBES RECOGNITION THRESHOLDS AND MEASUREMENT ATTRIBUTES FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. TAX BENEFITS WILL BE RECOGNIZED ONLY IF THE TAX POSITION IS MORE-LIKELY-THAN-NOT SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED WILL BE THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE MORE-LIKELY-THAN-NOT TEST, NO TAX BENEFIT WILL BE RECORDED. MANAGEMENT HAS CONCLUDED THAT THEY ARE UNAWARE OF ANY TAX BENEFITS OR LIABILITIES TO BE RECOGNIZED AT JUNE 30, 2018 AND 2017. THE COLLEGE WOULD RECOGNIZE INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST AND INCOME TAX EXPENSE, RESPECTIVELY. THE COLLEGE HAS NO AMOUNTS ACCRUED FOR INTEREST OR PENALTIES AS OF JUNE 30, 2018 AND 2017. THE COLLEGE PLANS TO FILE AS A PUBLIC CHARITY FOR THE YEAR ENDED JUNE 30, 2018 AND MANAGEMENT BELIEVES THE COLLEGE HAS MET THE APPLICABLE INTERNAL REVENUE CODE REQUIREMENTS FOR PUBLIC CHARITIES. THE COLLEGE ANTICIPATES FILING AS A PUBLIC CHARITY FOR THE FORESEEABLE FUTURE. IF THE COLLEGE NEEDS TO, BASED UPON FACTS AND CIRCUMSTANCES, IT WOULD ELECT TO CHANGE FROM A PUBLIC CHARITY TO A SUPPORTING ORGANIZATION TO RETAIN ITS EXEMPT TAX STATUS. |
| Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 | UNREALIZED GAIN ON PERMANENTLY RESTRICTED FARM LAND HELD AS INVESTMENT - 1175308 UNREALIZED GAIN ON CONTRIBUTION RECEIVABLE - 47348 |
| Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements | Cost of Goods Sold - -19082 |
| Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements | COST OF GOODS SOLD - -19082 |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | Yes (true) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Spencer Conroy | ||||||||||||||
| VP for Business Affairs & Treasurer (Through 12/31/2017) | $169,498 | $0 | $0 | $0 | $109 | $0 | $4,507 | $0 | $8,171 | $0 | $182,285 | $0 | $0 | $0 |
| Robert Pastoor | ||||||||||||||
| President (through 5/12/2017) | $84,734 | $0 | $0 | $0 | $128,057 | $0 | $2,872 | $0 | $9,006 | $0 | $224,669 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule J, Part I, Line 1a Housing allowance or residence for personal use | The contract for President of the College includes a monthly housing allowance and a monthly vehicle allowance. These allowances are taxable and were included on Schedule J, Part II, Column B(iii) . |
| Schedule J, Part I, Line 1a Health or social club dues or initiation fees | IN THE PRESIDENT'S CONTRACT, THERE IS A SECTION THAT STATES THAT THE PRESIDENT WILL HAVE DUES PAID TO CERTAIN SOCIAL CLUBS WHICH HE IS REQUIRED TO USE TO CONDUCT NETWORKING EVENTS FOR THE COLLEGE. THIS INCLUDES MEMBERSHIPS DUES FOR CURTIS CREEK COUNTRY CLUB IN RENSSELAER, SANDY PINES GOLF COURSE IN DEMOTTE, AND THE COLUMBIA CLUB IN INDIANAPOLIS, BUT NOT PERSONAL EXPENSES INCURRED AT THESE CLUBS. SINCE THE PAYMENT OF THESE EXPENSES IS ENTIRELY FOR BUSINESS PURPOSES, THE AMOUNTS ARE NOT CONSIDERED TAXABLE INCOME TO THE PRESIDENT. |
| Schedule J, Part I, Line 4a Severance or change-of-control payment | THE FOLLOWING PAYMENTS WERE MADE UNDER A SEPARATION AGREEMENT VOLUNTARILY ENTERED INTO BY THE PARTIES: Robert Pastoor - $102,000 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (14 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part I, Line 1 ORGANIZATION'S MISSION (CONTINUED FROM PART I LINE 1) | As of 6/30/2017, the College has suspended all academic operations due to financial challenges. The College continues to evaluate all potential future revenue-generating activities which could enable it to resume educational activities at some future date. Subsequent to the year ended 6/30/2018, the College has launched a fundraising campaign anticipated to generate nearly $4 million in contributions over the next three years. This campaign has been launched in the hopes of allowing the College to continue furthering the mission that it has faithfully upheld for over 100 years of providing an education that strives to prepare men and women to lead successful processional and personal lives consistent with gospel values. |
| Form 990, Part III, Line 1 ORGANIZATION'S MISSION (CONTINUED FROM PART III LINE 1) | Subsequent to the year ended 6/30/2018, the College has launched a fundraising campaign anticipated to generate nearly $4 million in contributions over the next three years. This campaign has been launched in the hopes of allowing the College to continue furthering the mission that it has faithfully upheld for over 100 years of providing an education that strives to prepare men and women to lead successful processional and personal lives consistent with gospel values. Prior to suspending operations on 6/30/2017, and subsequent to the College's re-opening in the future should the current capital campaign be successful, the mission of Saint Joseph's College was and will be as follows: Saint Joseph's College (Indiana), a primarily undergraduate Catholic college, founded and sponsored by the Missionaries of the Precious Blood, pledges itself to a tradition of excellence and to a liberal education that is a united endeavor of intelligence and faith. THE COLLEGE PLACES EXCEPTIONAL EMPHASIS ON THE EDUCATION OF THE WHOLE PERSON. ITS NATIONALLY KNOWN CORE CURRICULUM COMPLEMENTS UP-TO-DATE CAREER PREPARATION IN THE MAJOR. THESE ACADEMIC PROGRAMS ENRICH AND ARE ENRICHED BY PROGRAMS OF SPIRITUAL DEVELOPMENT, RESIDENCE EDUCATION, AND ATHLETICS. THE COLLEGE SERVES A DIVERSE STUDENT BODY COMPOSED OF MEN AND WOMEN OF ALL RACES, CREEDS, AND SOCIO-ECONOMIC BACKGROUNDS WHO CAN THRIVE ACADEMICALLY, SPIRITUALLY, AND SOCIALLY IN THIS INCLUSIVE COMMUNITY. SAINT JOSEPH'S COLLEGE IS A LIBERAL ARTS COLLEGE STRIVING TO PREPARE MEN AND WOMEN TO LEAD SUCCESSFUL PROFESSIONAL AND PERSONAL LIVES CONSISTENT WITH GOSPEL VALUES. TO FULFILL THIS MISSION, THE COLLEGE PLEDGES: 1. TO FORM GRADUATES WHO ARE COMPETENT PROFESSIONALS, CAPABLE OF ASSUMING LEADERSHIP ROLES IN THE WORLD, WHO WILL EMBODY GOSPEL VALUES IN THEIR PERSONAL LIVES AND PROFESSIONAL CAREERS. 2. TO CONDUCT THE CORE CURRICULUM AND, THROUGH IT, ALL COLLEGE PROGRAMS WITHIN THE CONCEPTUAL FRAMEWORK AND VALUE COMMITMENTS OF "CHRISTIAN HUMANISM" THAT STEM FROM OUR JUDEO-CHRISTIAN AND GRAECO-ROMAN TRADITIONS AND FROM OUR VATICAN II INSPIRATION. 3. TO GIVE WITNESS IN A SPECIAL WAY, IN ALL ASPECTS OF CAMPUS LIFE, ACADEMICALLY AND EXISTENTIALLY, TO THE CHRISTIAN HUMANIST VALUES OF JUSTICE AND LOVE AND ITS COMMITMENT TO HUMAN SOLIDARITY AND INTERDEPENDENCE ON NATIONAL AND GLOBAL LEVELS. 4. TO ADD TO THE EMPHASIS TO EDUCATE THE WHOLE STUDENT -- INTELLECTUALLY, PHYSICALLY, SOCIALLY, AND SPIRITUALLY -- AN ABIDING CONCERN TO PROVIDE PERSONALIZED AND INDIVIDUALIZED CARE. 5. TO STEWARD ALL THE RESOURCES OF THE COLLEGE IN TRUTH, IN LOVING JUSTICE, AND WITH CONCERN FOR THE NEEDS OF THE INDIVIDUAL. 6. TO EXTEND PERSONAL AND PROFESSIONAL SERVICES AS CHURCH AND PUBLIC NEEDS MAY REQUIRE. |
| Form 990, Part III, Line 4a PROGRAM SERVICE ACCOMPLISHMENTS (CONTINUED FROM PART III LINE 4A) | The College is continually evaluating all future revenue-generating opportunities and long-term sustainable business models which could enable it to resume educational activities at some future date. Subsequent to the year ended 6/30/2018, the College has launched "Core 128" fundraising campaign to provide operational support for the College. Prior to suspending operations on 6/30/17, the College's programs and activities were conducted as follows: AT SAINT JOSEPH'S COLLEGE, WE CARRY ON THE CATHOLIC INTELLECTUAL TRADITION -- AN INTEGRAL PART OF OUR MISSION. NOT ONLY DO WE TEACH FACTS AND CONCEPTS, BUT WE ALSO FURNISH STUDENTS WITH THE TOOLS TO APPLY THOSE IDEAS TO THE WORKPLACE AND TO THEIR LIVES. THROUGH THIS, WE PROVIDE STUDENTS THE RESOURCES TO SPEAK AND WRITE EFFECTIVELY AND GIVE THEM A SOLID BASIS FOR HOW WE LEARN, LIVE, AND WORK AS A SOCIETY ACCORDING TO GOSPEL VALUES. HERE AT SAINT JOSEPH'S COLLEGE, WE ARE CREATING NEW ACADEMIC PROGRAMS TO RESPOND TO THE NEEDS OF TODAY'S STUDENTS. WE ARE ALSO CREATING NEW PARTNERSHIPS WITH BUSINESSES, OTHER COLLEGES, AND REGIONAL HIGH SCHOOLS. ALL IN ALL, WE ARE STRIVING TO ENSURE THAT SAINT JOSEPH'S COLLEGE WILL REMAIN THE HIGH-QUALITY CATHOLIC HIGHER EDUCATION INSTITUTION THAT STUDENTS, ALUMNI, PARENTS, AND FRIENDS HAVE KNOWN SINCE 1889. THE COLLEGE SERVES A DIVERSE STUDENT BODY OF APPROXIMATELY 1,000 MEN AND WOMEN OF ALL RACES, CREEDS, AND SOCIO-ECONOMIC BACKGROUNDS. THE COLLEGE STRIVES TO FORM GRADUATES WHO ARE COMPETENT PROFESSIONALS, CAPABLE OF ASSUMING LEADERSHIP ROLES IN THE WORLD, AND WHO WILL EMBODY GOSPEL VALUES IN THEIR PERSONAL LIVES AND PROFESSIONAL CAREERS. Due to financial challenges, the College suspended all operations as of June 30, 2017, voluntarily resigning its accreditation status and thus making it ineligible to continue to participate in federal student financial aid programs. The College entered into teach out agreements with other colleges and universities willing to help current students complete their academic careers. The College did not enroll any new students subsequent to the spring semester 2017. The College is continually evaluating all future revenue-generating opportunities and long-term sustainable business models which could enable it to resume educational activities at some future date. Subsequent to the year ended 6/30/2018, the College has launched "Core 128" fundraising campaign to provide operational support for the College. |
| Form 990, Part III, Line 3 Significant changes in program services | Over the last ten years, the College has struggled to remain competitive in a challenging higher education marketplace. Shifting demographics, increasing competition, and deteriorating facilities have resulted in high levels of institutional aid in order to attract students in similar number to prior years. Net tuition revenues were roughly the same as ten years ago while expenses have increased at a steady rate. The combined impact of stagnating revenue and steadily increasing expenses resulted in the deterioration of cash reserves and the use of board designated endowment assets to fund annual expenditures. In 2016, the College exhausted the last of its available assets to fund annual deficits. The Board evaluated potential sources of revenue and liquidity such as fundraising, borrowing, and asset liquidation vis-a-vis the College's short-term and long-term strategic and tactical challenges including continued availability of student financial aid funds, accreditation probation, debt covenant violations, and an anticipated future lack of liquidity. Accordingly, after evaluating all of these factors and after much deliberation, in February 2017 the Board made the decision to suspend all academic operations effective at the conclusion of the spring semester 2017. While there was hope to retain select programs needed to support certain potential academic partnerships that are being considered in the future, these efforts were ultimately unsuccessful. Therefore, as of June 30, 2017 the College suspended all academic operations, voluntarily resigning its accreditation status and thus making it ineligible to continue to participate in federal student financial aid programs. The College entered into teach out agreements with other colleges and universities willing to help current students complete their academic careers. The College did not enroll any new students subsequent to the spring semester 2017. The College is continually evaluating all future opportunities including potential academic partnerships, granting opportunities, feasibility of relaunching educational operations, long-term sustainable business models, and other revenue generating activities which could enable it to resume educational activities at some future date. Subsequent to the year ended 6/30/2018, the College has launched "Core 128" fundraising campaign to provide operational support for the College in the amount of $1,330,000 per year for the next three years. Pledges, intentions to give, and contributed dollars total over one million dollars for this $3,990,000 campaign. |
| Form 990, Part VI, Line 15b PROCESS USED TO ESTABLISH COMPENSATION OF OTHER OFFICERS | FOR OTHER INCOMING EXECUTIVES, COMPENSATION IS SET AFTER PERFORMING SIMILAR BENCHMARKING AND APPROVED BY THE PRESIDENT. ON AN ANNUAL BASIS, EXECUTIVE COMPENSATION IS TYPICALLY ADJUSTED IN A MANNER SIMILAR TO OTHER EMPLOYEES OF THE COLLEGE. FROM TIME TO TIME, AN ADJUSTMENT MAY BE MADE TO AN INDIVIDUAL EXECUTIVE'S COMPENSATION OUTSIDE OF THE NORMAL SALARY ADJUSTMENTS APPROVED BY THE BOARD. THIS WOULD OCCUR AFTER SIMILAR BENCHMARKING AGAINST PEER INSTITUTIONS. |
| Form 990, Part VI, Line 15a PROCESS TO ESTABLISH COMPENSATION OF TOP MANAGEMENT OFFICIAL | Compensation of the President was last evaluated by the Board of Trustees during May through July 2016. The President's employment with the College ended in May 2017. Subsequent to the President's departure, Father Barry Fischer (Rector) assumed the role of Top Management Official. Father Barry receives a stipend and other reimbursements in exchange for the services he provides to the College. As a member of clergy who has made a promise comparable to a strict vow of poverty, all income received by Father Barry is property of The Society of the Precious Blood, Cincinnati Province, Inc. |
| Form 990, Part VI, Line 1a Delegate broad authority to a committee | THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE FOLLOWING: - THE CHAIR OF THE BOARD - THE VICE CHAIR OF THE BOARD - THE PROVINCIAL DIRECTOR OR HIS DESIGNEE - THE PRESIDENT - THE CHAIRS OF THE STANDING COMMITTEES - SUCH OTHER MEMBERS OF THE BOARD AS MAY BE DESIGNATED BY THE CHAIR THE EXECUTIVE COMMITTEE SHALL ACT FOR THE BOARD IN THE INTERVALS BETWEEN MEETINGS OF THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE SHALL MEET ONLY AT THE DISCRETION OF THE CHAIR. THE EXECUTIVE COMMITTEE MAY EXERCISE ALL THE POWER AND AUTHORITY OF THE BOARD OF TRUSTEES, BUT SHALL NOT HAVE THE POWER TO ELECT OR REMOVE ANY OFFICER OR APPROVE THE BUDGET, AND SHALL REPORT TO THE BOARD AT ITS NEXT MEETING. |
| Form 990, Part VI, Line 6 Classes of members or stockholders | The organization's members are those persons holding the offices of the Provincial Director and those serving on the Provincial Council of the Society of the Precious Blood (C.PP.S.), Cincinnati Province, a Roman Catholic society of apostolic life. |
| Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders | The following powers are reserved to the Members: A. To adopt the amendment, alteration, modification, or repeal of the Articles of Incorporation as proposed by the Board of Trustees; B. To adopt the amendment, alteration, modification, or repeal of the Bylaws of the Corporation as proposed by the Board of Trustees; C. To dissolve or terminate the existence of the Corporation and to determine the distribution of assets upon such termination or dissolution as proposed by the Board of Trustees; D. To merge, consolidate, or affiliate the Corporation with another corporation, organization, or program as proposed by the Board of Trustees; E. To approve the Mission Statement of the College or any change to the Mission Statement as proposed by the Board of Trustees. The Members also have the right to prohibit any organization or policy at the College that are inconsistent with the Catholic identity of the College. |
| Form 990, Part VI, Line 11b Review of form 990 by governing body | THE FORM 990 IS REVIEWED IN DETAIL BY MANAGEMENT. Subsequent to management's review, A FINAL DRAFT OF THE FULL FORM 990, INCLUDING ALL APPLICABLE SCHEDULES, IS PROVIDED TO EACH MEMBER OF THE Board of Directors for review and commentary prior to filing with the IRS. |
| Form 990, Part VI, Line 12c Conflict of interest policy | ANNUAL DISCLOSURE IS PROVIDED TO EACH OFFICER AND BOARD MEMBER. EACH PERSON COMPLETES AN ANNUAL CONFLICT OF INTEREST QUESTIONNAIRE. ONCE THE QUESTIONNAIRES ARE COMPLETED, THE PRESIDENT'S ASSISTANT REVIEWS THE RESPONSES AND DETERMINES WHETHER OR NOT THERE ARE ANY POTENTIAL CONFLICTS OF INTEREST. IF THERE IS A POTENTIAL CONFLICT OF INTEREST, THE PRESIDENT, TREASURER, AND CONTROLLER REVIEW THE CORRESPONDING ISSUE AND DETERMINE IF THERE IS AN ACTUAL CONFLICT OF INTEREST. IF AN ACTUAL CONFLICT OF INTEREST IS DETERMINED TO EXIST, THAT PERSON IS EXCLUDED FROM ANY DISCUSSIONS CONCERNING THE CONFLICTING ISSUE AND IS NOT PERMITTED TO VOTE ON ANY DECISIONS REGARDING THE CONFLICTING ISSUE. ANY PURCHASES AND/OR BUDDING PROPOSALS ARE ALSO REVIEWED FOR ANY POTENTIAL CONFLICTS OF INTEREST PRIOR TO SUBMITTING BIDS OR MAKING PURCHASES. THE CONTROLLER ATTENDS THE BOARD MEETINGS TO ENSURE THAT COMPLIANCE WITH THESE GUIDELINES IS FOLLOWED. |
| Form 990, Part VI, Line 19 Required documents available to the public | GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES, AND FINANCIAL STATEMENTS ARE NOT REQUIRED DISCLOSURES PURSUANT TO INTERNAL REVENUE CODE (IRC) SECTION 6104. THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC AT THIS TIME. |
| Form 990, Part XI, Line 9 OTHER CHANGES IN NET ASSETS OR FUND BALANCES | THE FAIR VALUE OF FARM LAND WAS DETERMINED BY MANAGEMENT USING APPRAISALS, QUOTED MARKET PRICES FOR SIMILAR ASSETS OR OTHER MARKET DATA, SUCH AS THE PURDUE AGRICULTURAL ECONOMICS REPORT, WHICH IS A REPORT THAT SUMMARIZES THE RESULTS OF AN ANNUAL SURVEY OF NUMEROUS PROFESSIONALS KNOWLEDGEABLE ABOUT INDIANA'S FARMLAND MARKET. THIS REPORT SERVES TO PROVIDE INFORMATION REGARDING FARMLAND VALUES AND CASH RENT. UNREALIZED GAINS AND LOSSES ARE INCLUDED IN THE CHANGE IN NET ASSETS. |
| Form 990, Part XI, Line 9 Other changes in net assets or fund balances | UNREALIZED GAIN ON PERMANENTLY RESTRICTED FARM LAND HELD AS AN INVESTMENT - 1175308; UNREALIZED GAIN ON CONTRIBUTION RECEIVABLE - 47348; |