Civic Intelligence

Saint Joseph'S College

990 • Fiscal year 2024 • EIN 35-0868152

Jul 01, 2023 to Jun 30, 2024 • Filed on Feb 24, 2025

1214 Tonner Road PO Box 300Rensselaer, IN 47978

(219) 866-6000

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

15th percentile

0.02x

Higher debt load relative to assets than 15% of similar nonprofits.

2024 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

65th percentile

0.72x

Higher debt load relative to revenue than 65% of similar nonprofits.

2024 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2024

Net Margin

89th percentile

41%

Higher net margin than 89% of similar nonprofits.

2024 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

5th percentile

$0

Higher top officer pay than 5% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2024 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2024

Asset Growth

27th percentile

1.5%

Faster asset growth than 27% of similar nonprofits.

2024 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

56th percentile

11%

Faster revenue growth than 56% of similar nonprofits.

2024 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Assets

Up

$121,949,821

Up $1,796,803 (+1.5%) from 2023

Net Assets

Up

$119,134,092

Up $2,679,560 (+2.3%) from 2023

Liabilities

Down

$2,815,729

Down $882,757 (-24%) from 2023

Revenue

Up

$3,890,572

Up $385,256 (+11%) from 2023

Expenses

Up

$2,294,238

Up $222,959 (+11%) from 2023

Net Income

Up

$1,596,334

Up $162,297 (+11%) from 2023

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150M$100M$50M$0Assets 2010: $100,201,819Liabilities 2010: $30,789,425Net Assets 2010: $69,412,3942010Assets 2011: $101,500,626Liabilities 2011: $30,718,444Net Assets 2011: $70,782,1822011Assets 2012: $126,729,025Liabilities 2012: $31,901,830Net Assets 2012: $94,827,1952012Assets 2013: $139,353,397Liabilities 2013: $31,784,925Net Assets 2013: $107,568,4722013Assets 2014: $144,783,068Liabilities 2014: $33,068,998Net Assets 2014: $111,714,0702014Assets 2015: $134,576,092Liabilities 2015: $34,731,960Net Assets 2015: $99,844,1322015Assets 2016: $118,994,777Liabilities 2016: $33,136,120Net Assets 2016: $85,858,6572016Assets 2017: $88,857,020Liabilities 2017: $34,806,579Net Assets 2017: $54,050,4412017Assets 2018: $90,088,909Liabilities 2018: $34,614,649Net Assets 2018: $55,474,2602018Assets 2019: $77,905,751Liabilities 2019: $9,258,283Net Assets 2019: $68,647,4682019Assets 2020: $78,864,231Liabilities 2020: $8,093,261Net Assets 2020: $70,770,9702020Assets 2021: $92,100,935Liabilities 2021: $6,773,994Net Assets 2021: $85,326,9412021Assets 2022: $108,004,538Liabilities 2022: $5,228,720Net Assets 2022: $102,775,8182022Assets 2023: $120,153,018Liabilities 2023: $3,698,486Net Assets 2023: $116,454,5322023Assets 2024: $121,949,821Liabilities 2024: $2,815,729Net Assets 2024: $119,134,0922024Assets 2025: $119,383,776Liabilities 2025: $2,614,489Net Assets 2025: $116,769,2872025

Highlighted filing

2024

Assets$121,949,821
Liabilities$2,815,729
Net Assets$119,134,092

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$60M$40M$20M$0-$20MExpenses 2010: $30,370,6842010Expenses 2011: $32,603,8232011Expenses 2012: $35,030,3472012Expenses 2013: $36,244,0122013Revenue 2014: $38,201,364Expenses 2014: $40,740,602Net Income 2014: -$2,539,2382014Revenue 2015: $36,878,255Expenses 2015: $39,374,374Net Income 2015: -$2,496,1192015Revenue 2016: $37,002,686Expenses 2016: $40,656,294Net Income 2016: -$3,653,6082016Revenue 2017: $36,304,680Expenses 2017: $41,210,309Net Income 2017: -$4,905,6292017Revenue 2018: $5,503,340Expenses 2018: $6,547,404Net Income 2018: -$1,044,0642018Revenue 2019: $16,948,037Expenses 2019: $2,514,649Net Income 2019: $14,433,3882019Revenue 2020: $2,866,173Expenses 2020: $2,248,095Net Income 2020: $618,0782020Revenue 2021: $3,647,882Expenses 2021: $1,938,735Net Income 2021: $1,709,1472021Revenue 2022: $4,537,677Expenses 2022: $1,858,628Net Income 2022: $2,679,0492022Revenue 2023: $3,505,316Expenses 2023: $2,071,279Net Income 2023: $1,434,0372023Revenue 2024: $3,890,572Expenses 2024: $2,294,238Net Income 2024: $1,596,3342024Revenue 2025: $4,085,338Expenses 2025: $2,571,236Net Income 2025: $1,514,1022025

Highlighted filing

2024

Revenue$3,890,572
Expenses$2,294,238
Net Income$1,596,334
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Feb 24, 2025
Return Version
2023v6.0
Gross Receipts
$4,520,319
Mission and Program Overview

Mission

The mission of saint joseph's college is to provide career-focused, hands- on educational and training programs designed to prepare students for immediate workforce entry. Our accelerated educational programs help learners develop practical skills, earn industry-recognized certifications, and gain the confidence to succeed in high-demand fields. Built on real-world practices and aligned with industry standards, our programs are relevant and engaging. Students gain the skills and confidence to launch their careers, advance on the job, and help strengthen local communities. The mission that the college has faithfully upheld for over 100 years of providing an education that strives to prepare men and women to lead successful professional and personal lives consistent with the gospel values continues to be at the core of all educational opportunities.

While the college suspended all operations in 2017 due to financial challenges, the college has resumed educational aspects in educational certification programs. The mission that the college has faithfully upheld for over 100 years of providing an education that strives to prepare men and women to lead successful professional and personal lives consistent with the gospel values continues to be at the core of all educational opportunities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$110,744,077$111,057,297▲ $313,220
Investments in Publicly Traded Securities$5,196,259$6,020,282▲ $824,023
Savings and Temporary Cash Investments$2,681,543$3,135,100▲ $453,557
Investments Other Securities$768,351$820,323▲ $51,972
Accounts Receivable$178,787$470,136▲ $291,349
Pledges and Grants Receivable$350,000$179,841▼ $170,159
Cash and Non-Interest-Bearing Accounts$120,540$140,707▲ $20,167
Prepaid Expenses and Deferred Charges$113,461$126,135▲ $12,674
Total Assets$120,153,018$121,949,821▲ $1,796,803
Liabilities
Deferred Revenue$1,234,500$1,246,000▲ $11,500
Mortgage Notes Payable Secured by Investment Property$1,050,424--
Other Liabilities$940,827$938,167▼ $2,660
Accounts Payable and Accrued Expenses$472,735$631,562▲ $158,827
Total Liabilities$3,698,486$2,815,729▼ $882,757
Net Assets / Fund Balance
Net Assets With Donor Restrictions$114,401,469$115,421,031▲ $1,019,562
Net Assets Without Donor Restrictions$2,053,063$3,713,061▲ $1,659,998
Total Net Assets Fund Balance$116,454,532$119,134,092▲ $2,679,560
Total Liabilities and Net Assets / Fund Balance$120,153,018$121,949,821▲ $1,796,803

Asset Categories

AssetBook ValueDepreciationBasis
Land$107,782,084-$107,782,084
Buildings$474,889$49,744,993$50,219,882
Equipment$2,203,088$4,105,313$6,308,401
Other Land Buildings$597,236$1,526,475-

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$6,429,661-▲ $897,011-$7,326,672
2022$5,754,947-▲ $727,130-$6,429,661
2021$6,772,920-▼ $1,017,973-$5,754,947
2020$5,453,170-▲ $1,319,750-$6,772,920
2019$5,352,317-▲ $100,853-$5,453,170
Compensation and Service Providers

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Huth Thompson LLPAccountingPO BOX 970, Lafayette, IN 47902$157,583
Revenue and Support

Revenue Composition

Contributions and Grants
$186,513
Program Service Revenue
$285,292
Investment Income
$241,406
Other Revenue
$3,177,361
All Other Contributions
$186,513
Change in Net Assets
$1,596,334
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,447,929
Salaries, Compensation, and Employee Benefits$744,419
Grants and Similar Amounts Paid$101,890
Total Fundraising Expense$50,610
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$171,716$535,497-$707,213
Other Salaries and Wages$214,349$331,545$9,150$555,044
Fees for Services Other$101,724$113,613-$215,337
Fees for Services Accounting$32,021$125,562-$157,583
Other Employee Benefits$50,474$79,819$1,839$132,132
Grants to Domestic Individuals$101,890--$101,890
Insurance$17,549$60,564-$78,113
Advertising$46,526$16,277$10,470$73,273
Depreciation Depletion$13,895$54,487-$68,382
Office Expenses$48,627$9,928-$58,555
Information Technology$7,813$5,322$28,212$41,347
Payroll Taxes$16,311$23,850$939$41,100
Fees for Service Investment Mgmnt Fees-$27,784-$27,784
Pension Plan Contributions$6,317$9,826-$16,143
Fees for Services Legal$1,212$7,518-$8,730
Travel$1,703$5,119-$6,822
Other Expenses$2,210$80-$2,290
Total Functional Expenses$836,837$1,406,791$50,610$2,294,238
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Environmental Remediation - Fin 74 L$900,000
ENDOWMENT FUNDS:ENDOWMENT ANNUITIES$22,018
Annuity Agreements$16,149
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

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, Page 6, Part VI, Line 7B

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 member 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, Page 6, Part VI, Line 11B

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, Page 6, Part VI, Line 12C

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 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, Page 6, Part VI, Line 19

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.

Filing and Contact Details

Filer

Filer Name
SAINT JOSEPH'S COLLEGE
EIN
35-0868152
Phone
2198666000
Address
1214 TONNER ROAD PO BOX 300, RENSSELAER, IN 47978

Signing Officer

Name
Michael Van Eekeren
Title
Chairman
Phone
2198666000
Signed
2025-02-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Van Eekeren
Formed
1889
Legal Domicile
In
Voting Board Members
14
Independent Board Members
14
Employees
12
Volunteers
14

Preparer

Firm
Huth Thompson Llp
Address
PO BOX 970, LAFAYETTE, IN 47902-0970
Preparer
Kimberley R Morisette
Phone
7654285000
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

While the college suspended all operations in 2017 due to financial challenges, the college has resumed educational aspects in educational certification programs. The mission that the college has faithfully upheld for over 100 years of providing an education that strives to prepare men and women to lead successful professional and personal lives consistent with the gospel values continues to be at the core of all educational opportunities.

Financial Statement Notes

Schedule D, Page 1, Part II, Line 9

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, Page 2, Part V, Line 4

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 objective. 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.

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IRS990/MissionDesc0WHILE THE COLLEGE SUSPENDED ALL OPERATIONS IN 2017 DUE TO FINANCIAL CHALLENGES, THE COLLEGE HAS RESUMED EDUCATIONAL ASPECTS IN EDUCATIONAL CERTIFICATION PROGRAMS. THE MISSION THAT THE COLLEGE HAS FAITHFULLY UPHELD FOR OVER 100 YEARS OF PROVIDING AN EDUCATION THAT STRIVES TO PREPARE MEN AND WOMEN TO LEAD SUCCESSFUL PROFESSIONAL AND PERSONAL LIVES CONSISTENT WITH THE GOSPEL VALUES CONTINUES TO BE AT THE CORE OF ALL EDUCATIONAL OPPORTUNITIES.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$119$2.61$117$4.09$2.57$1.51
2024Detailed filing. Detailed filing data is available for this year.$122$2.82$119$3.89$2.29$1.60
2023Detailed filing. Detailed filing data is available for this year.$120$3.70$116$3.51$2.07$1.43
2022Detailed filing. Detailed filing data is available for this year.$108$5.23$103$4.54$1.86$2.68
2021Detailed filing. Detailed filing data is available for this year.$92.1$6.77$85.3$3.65$1.94$1.71
2020Detailed filing. Detailed filing data is available for this year.$78.9$8.09$70.8$2.87$2.25$0.62
2019Detailed filing. Detailed filing data is available for this year.$77.9$9.26$68.6$16.9$2.51$14.4
2018Detailed filing. Detailed filing data is available for this year.$90.1$34.6$55.5$5.50$6.55$1.04
2017Detailed filing. Detailed filing data is available for this year.$88.9$34.8$54.1$36.3$41.2$4.91
2016Detailed filing. Detailed filing data is available for this year.$119$33.1$85.9$37.0$40.7$3.65
2015Detailed filing. Detailed filing data is available for this year.$135$34.7$99.8$36.9$39.4$2.50
2014Detailed filing. Detailed filing data is available for this year.$145$33.1$112$38.2$40.7$2.54
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$139$31.8$108$36.2
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$127$31.9$94.8$35.0
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$102$30.7$70.8$32.6
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$100$30.8$69.4$30.4