Civic Intelligence

Fontbonne University

990 • Fiscal year 2020 • EIN 43-0694556

Jul 01, 2019 to Jun 30, 2020 • Filed on Apr 27, 2021

6800 Wydown BoulevardSt Louis, MO 63105

(314) 862-3456

Siviq Scores

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

Liabilities / Assets

77th percentile

0.62x

Higher debt load relative to assets than 77% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Liabilities / Revenue

72nd percentile

0.97x

Higher debt load relative to revenue than 72% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Net Margin

17th percentile

-9.6%

Higher net margin than 17% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$279,082

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Asset Growth

4th percentile

-13%

Faster asset growth than 4% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Revenue Growth

26th percentile

-7.8%

Faster revenue growth than 26% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Assets

Down

$51,486,952

Down $7,534,752 (-13%) from 2019

Net Assets

Down

$19,330,446

Down $10,788,942 (-36%) from 2019

Liabilities

Up

$32,156,506

Up $3,254,190 (+11%) from 2019

Revenue

Down

$33,146,168

Down $2,791,818 (-7.8%) from 2019

Expenses

Down

$36,327,397

Down $1,562,747 (-4.1%) from 2019

Net Income

Down

-$3,181,229

Down $1,229,071 (-63%) from 2019

Historical Trend

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2010: $68,839,758Liabilities 2010: $21,515,963Net Assets 2010: $47,323,7952010Assets 2011: $68,497,366Liabilities 2011: $19,860,435Net Assets 2011: $48,636,9312011Assets 2012: $64,960,796Liabilities 2012: $19,361,814Net Assets 2012: $45,598,9822012Assets 2013: $60,353,497Liabilities 2013: $15,956,467Net Assets 2013: $44,397,0302013Assets 2014: $60,679,110Liabilities 2014: $16,234,072Net Assets 2014: $44,445,0382014Assets 2015: $56,144,938Liabilities 2015: $15,455,941Net Assets 2015: $40,688,9972015Assets 2016: $51,151,186Liabilities 2016: $15,984,165Net Assets 2016: $35,167,0212016Assets 2017: $49,064,362Liabilities 2017: $16,265,754Net Assets 2017: $32,798,6082017Assets 2018: $54,765,773Liabilities 2018: $22,970,680Net Assets 2018: $31,795,0932018Assets 2019: $59,021,704Liabilities 2019: $28,902,316Net Assets 2019: $30,119,3882019Assets 2020: $51,486,952Liabilities 2020: $32,156,506Net Assets 2020: $19,330,4462020Assets 2021: $54,325,059Liabilities 2021: $28,964,586Net Assets 2021: $25,360,4732021Assets 2022: $47,781,957Liabilities 2022: $23,970,412Net Assets 2022: $23,811,5452022Assets 2023: $42,986,299Liabilities 2023: $24,185,186Net Assets 2023: $18,801,1132023Assets 2024: $27,203,496Liabilities 2024: $1,421,010Net Assets 2024: $25,782,4862024Assets 2025: $14,698,283Liabilities 2025: $487,156Net Assets 2025: $14,211,1272025

Highlighted filing

2020

Assets$51,486,952
Liabilities$32,156,506
Net Assets$19,330,446

Operations Trend

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

$60M$40M$20M$0-$20MExpenses 2010: $42,932,2232010Expenses 2011: $43,744,9382011Expenses 2012: $43,825,6682012Expenses 2013: $41,390,3032013Revenue 2014: $40,002,058Expenses 2014: $40,645,070Net Income 2014: -$643,0122014Revenue 2015: $35,644,355Expenses 2015: $39,443,038Net Income 2015: -$3,798,6832015Revenue 2016: $35,935,587Expenses 2016: $41,350,665Net Income 2016: -$5,415,0782016Revenue 2017: $37,384,754Expenses 2017: $39,181,148Net Income 2017: -$1,796,3942017Revenue 2018: $37,611,753Expenses 2018: $38,928,030Net Income 2018: -$1,316,2772018Revenue 2019: $35,937,986Expenses 2019: $37,890,144Net Income 2019: -$1,952,1582019Revenue 2020: $33,146,168Expenses 2020: $36,327,397Net Income 2020: -$3,181,2292020Revenue 2021: $38,582,206Expenses 2021: $34,992,996Net Income 2021: $3,589,2102021Revenue 2022: $36,840,552Expenses 2022: $34,939,671Net Income 2022: $1,900,8812022Revenue 2023: $32,156,221Expenses 2023: $36,977,822Net Income 2023: -$4,821,6012023Revenue 2024: $44,304,873Expenses 2024: $37,983,020Net Income 2024: $6,321,8532024Revenue 2025: $8,096,457Expenses 2025: $18,757,094Net Income 2025: -$10,660,6372025

Highlighted filing

2020

Revenue$33,146,168
Expenses$36,327,397
Net Income-$3,181,229
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Apr 27, 2021
Return Version
2019v5.2
Gross Receipts
$34,709,868
Mission and Program Overview

Mission

Fontbonne university is a coeducational institution of higher learning dedicated to the discovery, understanding, preservation, and dissemination of truth. Fontbonne seeks to educate students to think critically, to act ethically, and to assume responsibility as citizens and leaders. Fontbonne offers both undergraduate and graduate programs in an atmosphere characterized by inclusion, open communication, and personal concern. The undergraduate programs provide a synthesis of liberal and professional education. As a catholic university founded by the sisters of st. Joseph of carondelet, fontbonne is rooted in the judeo-christian tradition.

Fontbonne university is a coeducational institution of higher learning that seeks to educate students to think critically, to act ethically and to assume responsibility as citizens and leaders.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$35,611,697$21,060,869▼ $14,550,828
Investments in Publicly Traded Securities$15,210,260$15,252,781▲ $42,521
Pledges and Grants Receivable$3,403,894$2,811,332▼ $592,562
Savings and Temporary Cash Investments$2,278,844$1,861,799▼ $417,045
Accounts Receivable$1,441,901$1,614,681▲ $172,780
Prepaid Expenses and Deferred Charges$369,042$661,104▲ $292,062
Investments Program Related$706,066$574,296▼ $131,770
Total Assets$59,021,704$51,486,952▼ $7,534,752
Other Assets Total$0$7,650,090▲ $7,650,090
Liabilities
Mortgage Notes Payable Secured by Investment Property$25,078,418$25,666,093▲ $587,675
Other Liabilities$2,511,095$5,464,595▲ $2,953,500
Accounts Payable and Accrued Expenses$1,312,803$1,025,818▼ $286,985
Total Liabilities$28,902,316$32,156,506▲ $3,254,190
Net Assets / Fund Balance
Net Assets With Donor Restrictions$13,944,281$11,763,918▼ $2,180,363
Net Assets Without Donor Restrictions$16,175,107$7,566,528▼ $8,608,579
Total Net Assets Fund Balance$30,119,388$19,330,446▼ $10,788,942
Total Liabilities and Net Assets / Fund Balance$59,021,704$51,486,952▼ $7,534,752

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$12,134,800$13,649,707$25,784,507
Buildings$5,428,690$14,298,104$19,726,794
Equipment$1,650,031$12,728,762$14,378,793
Leasehold Improvements$1,752,985$4,316,553$6,069,538
Land$94,363-$94,363
Other Assets Org$7,650,090--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$14,456,709$566,006▲ $909,555$769,314$15,162,956
2018$14,084,230$268,277▲ $874,951$770,749$14,456,709
2017$17,220,596$288,170▲ $1,245,443$4,669,979$14,084,230
2016$17,609,122$163,228▲ $2,689,032$3,240,787$17,220,596
2015$19,210,434$163,172▲ $332,835$2,097,319$17,609,122
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
J Michael PressimonePresident - Until 05/20FT$233,826$45,256$279,082
Dr Carey AdamsVP Academic Affairs - Until 6/20FT$153,352$33,876$187,228
Catherine M LohrumVP Advancement - Until 12/19FT$142,528$38,524$181,052
Gale Borkowski RiceDeanFT$148,457$23,559$172,016
Joseph DeightonVP Student AffairsFT$112,855$36,212$149,067

Highest Paid Contractors

ContractorServicesLocationCompensation
Aladdin Food ManagementFood Service16567 COLLECTIONS CENTER DR, Chicago, IL 60693$1,121,624
Dovetail INCAdvertising/marketing12 MARYLAND PLAZA, St Louis, MO 63108$558,128
Greensfelder Hemker & GaleLegal Services10 S BROADWAY SUITE 2000, St Louis, MO 63102$184,821
Huskey TrailwaysBus Transportation1 CAVE INDUSTRIAL DR, Festus, MO 63028$130,498
Revenue and Support

Revenue Composition

Contributions and Grants
$2,237,839
Program Service Revenue
$29,706,358
Investment Income
$402,378
Other Revenue
$799,593
All Other Contributions
$1,083,100
Change in Net Assets
$-3,181,229

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded12$204,990Fair Market Value
Total Noncash Contributions12$204,990-

Audited Revenue Reconciliation

Revenue per Audited Statements
$22,568,526
Revenue Not Reported on Financial Statements
$10,577,642
Revenue Not Reported on Form 990
$131,325
Other Revenue Adjustments
$10,577,642
Total Revenue per Audited Statements
$22,699,851
Total Revenue per Form 990
$33,146,168
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$14,813,566
Grants and Similar Amounts Paid$12,159,835
Other Expenses$9,353,996
Total Fundraising Expense$1,093,112
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$12,159,835--$12,159,835
Other Salaries and Wages$9,330,769$1,870,899$732,555$11,934,223
All Other Expenses$1,197,090$707,731$103,752$2,008,573
Depreciation Depletion$1,370,659$87,906-$1,458,565
Other Employee Benefits$606,215$606,784$43,957$1,256,956
Occupancy$1,167,822--$1,167,822
Payroll Taxes$707,691$140,556$31,481$879,728
Interest$831,010--$831,010
Current Officers, Directors, Trustees, and Key Employees$380,879$98,537$164,228$643,644
Information Technology$279,944$217,037-$496,981
Advertising$457,790--$457,790
Insurance$73,160$323,611-$396,771
Fees for Services Legal-$229,508-$229,508
Other Expenses$101,786$41,847$3,580$147,213
Office Expenses$31,737$68,898$7,874$108,509
Pension Plan Contributions$74,201$19,903$4,911$99,015
Fees for Services Accounting-$74,550-$74,550
Fees for Services Other-$55,200-$55,200
Fees for Service Investment Mgmnt Fees-$39,051-$39,051
Travel$27,131$6,198$224$33,553
Conferences and Meetings$18,695-$550$19,245
Total Functional Expenses$30,642,697$4,591,588$1,093,112$36,327,397

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$36,327,397
Total Expenses per Audited Statements$33,488,793
Expenses per Audited Statements$25,749,755
Expenses Not Reported on Financial Statements$10,577,642
Other Expense Adjustments$10,577,642
Expenses Not Reported on Form 990$7,739,038
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
Paycheck Protection Program Loan$3,205,411
Contract Liabilities$1,212,198
Refundable Government Loans$823,069
Asset Retirement Obligation$223,917
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The form 990 is reviewed by management and the audit committee of the board of directors. Subsequent to the approval of the form by the audit committee, the form is provided to the board of trustees electronically and then filed with the irs by management.

Form 990, Part VI, Section B, Line 12C

The university requires each trustee of the board to complete a conflict of interest statement on an annual basis. The process is monitored by the president's office. Conflicts of interest are summarized by the president's office and, when applicable, key employees and/or board trustees are excused from meetings and votes when a topic related to the conflict is being discussed or voted on by the university.

Form 990, Part VI, Section B, Line 15

Salary adjustments for faculty and staff are typically made effective july 1 with the start of each new fiscal year, however, salary increases have not been made in the last year given the economic circumstances in the higher education industry. Any salary adjustments made are subject to review and approval by each employee's immediate supervisor. The total compensation provided to the university president is reviewed and approved by the executive committee of the university's board of trustees.

Form 990, Part VI, Section C, Line 19

The documents are available upon written request addressed to the university institutional advancement office.

Filing and Contact Details

Filer

Filer Name
Fontbonne University
EIN
43-0694556
Phone
3148623456
Address
6800 WYDOWN BOULEVARD, ST LOUIS, MO 63105

Signing Officer

Name
Ann Spall
Title
CFO / VP Finance
Phone
3148623456
Signed
2021-04-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ann Spall
Formed
1923
Legal Domicile
Mo
Voting Board Members
21
Independent Board Members
21
Employees
722
Volunteers
100

Preparer

Firm
Rubinbrown Llp
Address
ONE NORTH BRENTWOOD, SAINT LOUIS, MO 63105
Preparer
Kimberly a Ryan
Phone
3142903300
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Impairment of asset held as available for sale -7,739,038.

Form 990, Part XI, Line 9

During the 2019-2020 academic year, fontbonne university announced a renewed focus on its clayton campus. Consequently, the decision was made to divest itself of the fontbonne west property. As a result, management recorded a non-cash impairment charge on the long-lived assets associated with the campus at june 30, 2020.

Financial Statement Notes

PART III, LINE 4:

Fontbonne presents artwork throughout the library.

PART V, LINE 4:

The university's endowment consists of over 100 individual funds established for a variety of purposes, mostly to provide scholarships for students and to support a variety of academic programs offered by the university. The endowment includes both donor-restricted endowment funds and funds designated by the board of trustees to function as endowments (including the long-term reserves).

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Financial aid netted against revenues on financial statements 10,577,642.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Impairment of asset held as available for sale 7,739,038.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Financial aid netted against revenues on financial statements 10,577,642.

Raw XML AppendixShowing 400 of 822 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0FONTBONNE UNIVERSITY IS A COEDUCATIONAL INSTITUTION OF HIGHER LEARNING THAT SEEKS TO EDUCATE STUDENTS TO THINK CRITICALLY, TO ACT ETHICALLY AND TO ASSUME RESPONSIBILITY AS CITIZENS AND LEADERS.
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IRS990/Desc0FONTBONNE IS AN ACCREDITED UNIVERSITY THAT OFFERS UNDERGRADUATE, GRADUATE, AND DOCTORAL DEGREE PROGRAMS, WHICH ALSO PROVIDES AUXILIARY SERVICES SUCH AS DORMITORIES, DINING HALL AND A BOOK STORE FOR THE CONVENIENCE OF ITS STUDENTS AND FACULTY. TOTAL BENEFITTED (AVERAGE FTE) = 1,045IN MARCH 2020, THE COVID-19 VIRUS WAS DECLARED A GLOBAL PANDEMIC AND AS THIS TAX RETURN IS PREPARED, THE VIRUS CONTINUES TO SPREAD. FONTBONNE UNIVERSITY'S RESPONSE WAS A QUICK TURN FROM CAMPUS LIFE AND FACE TO FACE CLASSES IN MARCH 2020 TO AN ALL ONLINE TEACHING MODALITY AND A SHUT-DOWN OF OUR RESIDENCE HALLS.ST. LOUIS COUNTY AND CITY ISSUED A STAY AT HOME ORDER FOR ALL BUT ESSENTIAL WORKERS IN MARCH 2020 THEREFORE MUCH OF OUR CAMPUS WAS CLOSED OR ON A VERY LIMITED OPERATION FOR THE REMAINDER OF THE SPRING TERM AND THE SUMMER TERM. WE RETURNED TO MODIFIED OPERATIONS IN FALL 2020 WITH ACCOMMODATIONS MADE FOR ISOLATION AND QUARANTINE ROOMS IN OUR RESIDENCE HALLS, ONLINE/FACE TO FACE/BLENDED COURSE OFFERINGS AND PROTOCOLS IN PLACE TO FOLLOW ALL CDC GUIDANCE FOR A SAFE ENVIRONMENT FOR FACULTY, STAFF AND STUDENTS. A RESPONSE TEAM HAS BEEN MEETING SINCE MARCH 2020 ON AT LEAST ON A WEEKLY BASIS TO ASSURE THAT ALL PRECAUTIONS AND PLANNING IS IN PLACE FOR ALL ATHLETICS, STUDENT ACTIVITIES, ACADEMICS AND DINING FACILITIES AND THAT ALL ARE FOLLOWING CDC AND FONTBONNE GUIDELINES.BUSINESS CONTINUITY RELIES ON STUDENTS SEEKING A HIGHER EDUCATION WHICH HAS BEEN AFFECTED BY THE VIRUS FOR ALL INSTITUTIONS, NOT JUST FONTBONNE. MANAGEMENT IS CAREFULLY MONITORING THE SITUATION AND IS EVALUATING ITS OPTIONS DURING THIS TIME. DUE TO THE UNCERTAINTY OF THIS PANDEMIC, NO CONTINGENCY ADJUSTMENTS HAVE BEEN MADE TO THE FINANCIAL STATEMENTS OR THE TAX RETURN FOR THE YEAR ENDED JUNE 30, 2020.
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IRS990/Form990PartVIISectionAGrp/TitleTxt20TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt21PRESIDENT - UNTIL 05/20
IRS990/Form990PartVIISectionAGrp/TitleTxt22VP FIN. & ADMIN (CFO - UNTIL 06/20)
IRS990/Form990PartVIISectionAGrp/TitleTxt23VP ACADEMIC AFFAIRS - UNTIL 6/20
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IRS990/Form990PartVIISectionAGrp/TitleTxt25VP STUDENT AFFAIRS
IRS990/Form990PartVIISectionAGrp/TitleTxt26VP ADVANCEMENT - UNTIL 12/19
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IRS990/MissionDesc0FONTBONNE UNIVERSITY IS A COEDUCATIONAL INSTITUTION OF HIGHER LEARNING DEDICATED TO THE DISCOVERY, UNDERSTANDING, PRESERVATION, AND DISSEMINATION OF TRUTH. FONTBONNE SEEKS TO EDUCATE STUDENTS TO THINK CRITICALLY, TO ACT ETHICALLY, AND TO ASSUME RESPONSIBILTY AS CITIZENS AND LEADERS. FONTBONNE OFFERS BOTH UNDERGRADUATE AND GRADUATE PROGRAMS IN AN ATMOSPHERE CHARACTERIZED BY INCLUSION, OPEN COMMUNICATION, AND PERSONAL CONCERN. THE UNDERGRADUATE PROGRAMS PROVIDE A SYNTHESIS OF LIBERAL AND PROFESSIONAL EDUCATION. AS A CATHOLIC UNIVERSITY SPONSORED BY THE SISTERS OF ST. JOSEPH OF CARONDELET, FONTBONNE IS ROOTED IN THE JUDEO-CHRISTIAN TRADITION.
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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.$14.7$0.49$14.2$8.10$18.8$10.7
2024Detailed filing. Detailed filing data is available for this year.$27.2$1.42$25.8$44.3$38.0$6.32
2023Detailed filing. Detailed filing data is available for this year.$43.0$24.2$18.8$32.2$37.0$4.82
2022Detailed filing. Detailed filing data is available for this year.$47.8$24.0$23.8$36.8$34.9$1.90
2021Detailed filing. Detailed filing data is available for this year.$54.3$29.0$25.4$38.6$35.0$3.59
2020Detailed filing. Detailed filing data is available for this year.$51.5$32.2$19.3$33.1$36.3$3.18
2019Detailed filing. Detailed filing data is available for this year.$59.0$28.9$30.1$35.9$37.9$1.95
2018Detailed filing. Detailed filing data is available for this year.$54.8$23.0$31.8$37.6$38.9$1.32
2017Detailed filing. Detailed filing data is available for this year.$49.1$16.3$32.8$37.4$39.2$1.80
2016Detailed filing. Detailed filing data is available for this year.$51.2$16.0$35.2$35.9$41.4$5.42
2015Detailed filing. Detailed filing data is available for this year.$56.1$15.5$40.7$35.6$39.4$3.80
2014Detailed filing. Detailed filing data is available for this year.$60.7$16.2$44.4$40.0$40.6$0.64
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$60.4$16.0$44.4$41.4
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$65.0$19.4$45.6$43.8
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$68.5$19.9$48.6$43.7
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$68.8$21.5$47.3$42.9
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2020 filings • 501(c)3 • $50M-$100M nonprofits