Civic Intelligence

Mount Saint Mary'S University

990 • Fiscal year 2017 • EIN 95-1641455

Jul 01, 2016 to Jun 30, 2017 • Filed on Apr 03, 2018

12001 Chalon RdLos Angeles, CA 90049

(310) 954-4000

Siviq Scores

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

Liabilities / Assets

14th percentile

0.05x

Higher debt load relative to assets than 14% of similar nonprofits.

2017 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2017

Liabilities / Revenue

9th percentile

0.10x

Higher debt load relative to revenue than 9% of similar nonprofits.

2017 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2017

Net Margin

62nd percentile

7.7%

Higher net margin than 62% of similar nonprofits.

2017 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2017

Top Officer Pay

23rd percentile

$464,219

Higher top officer pay than 23% of similar nonprofits.

Top officer pay equals 0.4% of source-year revenue.

2017 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2017

Asset Growth

59th percentile

8.1%

Faster asset growth than 59% of similar nonprofits.

2017 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2016 to 2017

Revenue Growth

63rd percentile

8.8%

Faster revenue growth than 63% of similar nonprofits.

2017 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2016 to 2017

Assets

Up

$256,071,836

Up $19,217,288 (+8.1%) from 2016

Net Assets

Up

$242,307,311

Up $20,053,085 (+9.0%) from 2016

Liabilities

Down

$13,764,525

Down $835,797 (-5.7%) from 2016

Revenue

Up

$132,340,631

Up $10,730,601 (+8.8%) from 2016

Expenses

Up

$122,180,324

Up $4,441,243 (+3.8%) from 2016

Net Income

Up

$10,160,307

Up $6,289,358 (+162%) from 2016

Historical Trend

Balance Sheet Trend

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

$400M$300M$200M$100M$0Assets 2010: $165,224,611Liabilities 2010: $12,474,198Net Assets 2010: $152,750,4132010Assets 2011: $190,871,524Liabilities 2011: $16,381,761Net Assets 2011: $174,489,7632011Assets 2012: $192,249,022Liabilities 2012: $15,067,364Net Assets 2012: $177,181,6582012Assets 2013: $211,188,008Liabilities 2013: $15,513,876Net Assets 2013: $195,674,1322013Assets 2014: $234,039,398Liabilities 2014: $18,118,813Net Assets 2014: $215,920,5852014Assets 2015: $242,948,559Liabilities 2015: $16,701,897Net Assets 2015: $226,246,6622015Assets 2016: $236,854,548Liabilities 2016: $14,600,322Net Assets 2016: $222,254,2262016Assets 2017: $256,071,836Liabilities 2017: $13,764,525Net Assets 2017: $242,307,3112017Assets 2018: $266,358,613Liabilities 2018: $14,234,650Net Assets 2018: $252,123,9632018Assets 2019: $326,775,085Liabilities 2019: $67,578,799Net Assets 2019: $259,196,2862019Assets 2020: $325,045,397Liabilities 2020: $66,485,397Net Assets 2020: $258,560,0002020Assets 2021: $390,130,378Liabilities 2021: $74,399,755Net Assets 2021: $315,730,6232021Assets 2022: $362,396,132Liabilities 2022: $68,798,892Net Assets 2022: $293,597,2402022Assets 2023: $358,464,019Liabilities 2023: $74,951,954Net Assets 2023: $283,512,0652023Assets 2024: $379,869,622Liabilities 2024: $75,966,758Net Assets 2024: $303,902,8642024

Highlighted filing

2017

Assets$256,071,836
Liabilities$13,764,525
Net Assets$242,307,311

Operations Trend

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

$200M$150M$100M$50M$0-$50MExpenses 2010: $69,765,0702010Expenses 2011: $80,977,9712011Expenses 2012: $84,633,8622012Expenses 2013: $91,617,0802013Revenue 2014: $118,764,358Expenses 2014: $104,597,544Net Income 2014: $14,166,8142014Revenue 2015: $124,808,753Expenses 2015: $110,164,017Net Income 2015: $14,644,7362015Revenue 2016: $121,610,030Expenses 2016: $117,739,081Net Income 2016: $3,870,9492016Revenue 2017: $132,340,631Expenses 2017: $122,180,324Net Income 2017: $10,160,3072017Revenue 2018: $130,758,542Expenses 2018: $123,476,042Net Income 2018: $7,282,5002018Revenue 2019: $127,786,837Expenses 2019: $122,358,006Net Income 2019: $5,428,8312019Revenue 2020: $120,464,265Expenses 2020: $121,385,363Net Income 2020: -$921,0982020Revenue 2021: $139,765,080Expenses 2021: $119,348,968Net Income 2021: $20,416,1122021Revenue 2022: $130,067,824Expenses 2022: $129,510,260Net Income 2022: $557,5642022Revenue 2023: $117,759,596Expenses 2023: $137,865,558Net Income 2023: -$20,105,9622023Revenue 2024: $158,240,809Expenses 2024: $140,693,174Net Income 2024: $17,547,6352024

Highlighted filing

2017

Revenue$132,340,631
Expenses$122,180,324
Net Income$10,160,307
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Apr 3, 2018
Return Version
2016v3.0
Gross Receipts
$153,979,596
Mission and Program Overview

Mission

Mount st. Mary's college offfers a dynamic learning experience in the liberal arts and sciences to a diverse student body. As a catholic college primarily for women, we are dedicated to providing a superior education enhanced by an emphasis on building leadership skills and fostering a spirit to serve others. Our measure of success is graduates who are committed to using their knowledge and skills to better themselves, their environments, and the world.

Mount Saint Mary's University, is a California nonprofit public benefits corporation founded by the Sisters of St. Joseph of Carondelet (Provincialate), a religious community of the Roman Catholic Church. The University was founded in 1925 by Sisters of St. Joseph and has operated continuously since that date. The objective of Mount Saint Mary's University as a nonprofit educational institution is service. The University has devoted itself to excellence in liberal arts and sciences and grants degrees in Associate, Baccalaureate, Masters and Doctor Programs, with a special focus on the education of women for leadership positions in our society.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$84,758,211$97,634,688▲ $12,876,477
Land, Buildings, and Equipment, Net$72,034,880$74,960,151▲ $2,925,271
Investments in Publicly Traded Securities$39,369,144$40,633,910▲ $1,264,766
Savings and Temporary Cash Investments$18,718,046$23,567,354▲ $4,849,308
Pledges and Grants Receivable$11,692,828$9,951,203▼ $1,741,625
Other Notes and Loans Receivable, Net$5,272,395$4,710,886▼ $561,509
Accounts Receivable$4,071,001$3,817,640▼ $253,361
Prepaid Expenses and Deferred Charges$593,009$686,252▲ $93,243
Cash and Non-Interest-Bearing Accounts$9,677$21,682▲ $12,005
Total Assets$236,854,548$256,071,836▲ $19,217,288
Other Assets Total$335,357$88,070▼ $247,287
Liabilities
Accounts Payable and Accrued Expenses$8,346,779$6,962,187▼ $1,384,592
Deferred Revenue$4,906,387$5,101,592▲ $195,205
Other Liabilities$809,275$1,153,915▲ $344,640
Grants Payable$537,881$546,831▲ $8,950
Total Liabilities$14,600,322$13,764,525▼ $835,797
Net Assets / Fund Balance
Unrestricted Net Assets$122,349,090$129,496,303▲ $7,147,213
Temporarily Rstr Net Assets$46,723,734$58,981,153▲ $12,257,419
Permanently Rstr Net Assets$53,181,402$53,829,855▲ $648,453
Total Net Assets Fund Balance$222,254,226$242,307,311▲ $20,053,085
Total Liabilities and Net Assets / Fund Balance$236,854,548$256,071,836▲ $19,217,288

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$61,770,692$39,255,833$101,026,525
Equipment$1,837,178$12,490,469$14,327,647
Land$10,256,363-$10,256,363
Other Land Buildings$1,095,918$1,820,536$2,916,454
Other Securities$44,670,954--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$122,465,254$1,010,272▲ $16,465,765-$134,766,278
2015$129,458,028$2,619,002▼ $4,933,158-$122,465,254
2014$127,590,736$5,792,759▲ $323,730-$129,458,028
2013$108,548,818$6,733,508▲ $16,109,701-$127,590,736
2012$97,710,678$4,182,061▲ $9,932,531-$108,548,818
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ann Mcelaney-johnsonPresidentFT$296,998$167,221$464,219
Christopher McalaryVP Admin and FinanceFT$229,990$39,036$269,026
Lawrence SmithVP Strategic InitiativesFT$205,494$63,072$268,566
Stephanie CubbaVP Institutional AdvancementFT$230,951$32,162$263,113
Jane LinguaVP Student ServicesFT$212,938$36,470$249,408
BRIAN O'ROUKEDirector Enrollment ManagementFT$180,983$33,700$214,683
Heather BrownDirector of Inst ResearchFT$166,674$29,902$196,576
Wendy J MccrediePROFESSOR, fmr provost thru 6/30/15FT$118,104$73,527$191,631
Rick TorkelsonFacilities DirectorFT$145,824$35,231$181,055
David BurkittProfessorFT$152,437$23,656$176,093
Andrew LoccisanoAvp Financial ServicesFT$127,503$48,128$175,631
Lorraine FrostChief Information OfficerFT$147,635$17,249$164,884
George ArnoldFORMER PROVOST thru 6/30/16FT$107,137$13,540$120,677
Robert J PerrinsProvostFT$89,961$22,132$112,093

Highest Paid Contractors

ContractorServicesLocationCompensation
Bon Appetit Management CompanyRestaurant Management1200 Getty Center Tram 100, Los Angeles, CA 90049$2,685,214
Brascia Builder IncConstruction2801 E Anaheim Street, Long Beach, CA 90804-3702$1,712,494
Ellucian companycomputer support13377 collection center dr, chicago, IL 60693$1,406,855
LPA IncArchitect5161 California Ave, Irvine, CA 92617$758,885
Apple One-Employment ServicesEmployment Agency325 W Broadway, Glendale, CA 91204$635,321
Revenue and Support

Revenue Composition

Contributions and Grants
$14,289,110
Program Service Revenue
$110,667,876
Investment Income
$6,703,074
Other Revenue
$680,571
All Other Contributions
$11,347,077
Change in Net Assets
$10,160,307

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded10$58,706Market Value
Total Noncash Contributions10$58,706-

Audited Revenue Reconciliation

Revenue per Audited Statements
$98,598,484
Revenue Not Reported on Financial Statements
$33,742,147
Revenue Not Reported on Form 990
$10,189,814
Other Revenue Adjustments
$33,118,508
Total Revenue per Audited Statements
$108,788,298
Total Revenue per Form 990
$132,340,631
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$56,302,445
Other Expenses$33,143,718
Grants and Similar Amounts Paid$32,703,261
Total Fundraising Expense$2,323,643
Professional Fundraising Fees$30,900

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$37,124,243$4,631,206$996,943$42,752,392
Grants to Domestic Individuals$32,703,261--$32,703,261
Office Expenses$10,649,492$1,233,150$344,270$12,226,912
Other Employee Benefits$4,766,025$647,219$194,745$5,607,989
Depreciation Depletion$3,866,329$246,787-$4,113,116
Fees for Services Management$2,291,201$1,081,906$139,592$3,512,699
Pension Plan Contributions$2,683,893$364,468$109,667$3,158,028
Payroll Taxes$2,632,766$357,526$107,578$3,097,870
Fees for Services Other$2,283,288$486,171$92,404$2,861,863
Information Technology$1,719,734$540,411$613$2,260,758
Current Officers, Directors, Trustees, and Key Employees$804,955$642,482$238,729$1,686,166
Occupancy$1,386,339$163,096-$1,549,435
Advertising$1,430,087$52,047$10,220$1,492,354
Travel$524,430$149,976$46,443$720,849
Fees for Service Investment Mgmnt Fees-$623,639-$623,639
Insurance$1,204$475,223$136$476,563
Fees for Services Legal-$433,618-$433,618
Conferences and Meetings$167,958$47,013$11,403$226,374
Fees for Services Accounting$8,300$165,207-$173,507
Other Expenses$140,282$10,657-$150,939
Payments to Affiliates$131,768$3,500-$135,268
Fees for Services Professional Fundraising--$30,900$30,900
Interest$11,097$708-$11,805
Total Functional Expenses$106,196,078$13,660,603$2,323,643$122,180,324

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$122,180,324
Total Expenses per Audited Statements$88,735,213
Expenses per Audited Statements$88,438,177
Expenses Not Reported on Financial Statements$33,742,147
Other Expense Adjustments$33,118,508
Expenses Not Reported on Form 990$297,036
International Activity

International Summary

Offices
0
Employees
0
Spending
$43,918,240

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
Yes
Interest in foreign trust
No
Passive foreign investment company interest
Yes
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the Caribbean -Investment Activities-00$43,918,240
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$30,900
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Annuities Payable$643,733
Asset Retirement Obligation$510,182
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 2

THE UNIVERSITY HAS BUSINESS RELATIONSHIPS WITH THE SISTERS OF ST. JOSEPH OF CARONDELET. FOUR OF THE UNIVERSITY BoaRD MEMBERS ARE AFFILIATED WITH THIS ORGANIZATION: SISTER ANNETTE DEBS, SISTER MARY PATRICIA ROSHOLT, SISTER BARBARA ANNE STOWASSER, AND SISTER SANDRA WILLIAMS ARE ON THE BOARD OF TRUSTEES AND BELONG TO THE SAME ORDER (SISTERS OF ST. JOSEPH OF CARONDELET).

Form 990, Part VI, Section A, line 6

The membership of the Corporation shall consist of the Provincial Superior of the Los Angeles Province of the Roman Catholic Religious Congregation known as "Sisters of St. Joseph of Carondelet and four or more additional members of the Provincial Council of the Los Angeles Province of the Congregation as are appointed annually by the Provincial Council.

Form 990, Part VI, Section A, line 7A

The members have the right to appoint the Board of Trustees.

Form 990, Part VI, Section A, line 7B

The members have the right to approve the significant decisions made by the Board of Trustees at the annual meeting or special meeting.

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

The chair of the audit committee reviews the draft of the return. After the review, the draft is submitted to the full audit committee for review and recommendation. Once approved, the approved draft is submitted to the board for final approval before filing the return with the irs before the deadline.

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

Each written conflict of interest policy is reviewed every year at the annual May Board Meeting by the Chair of the Board in conjunction with the President.

Form 990, Part VI, Section B, line 15

THE BOARD CHAIR REVIEWS PUBLISHED DATA OF SIMILAR INSTITUTIONS IN TERMS OF BUDGET, ENDOWMENT, LOCATION, AND COMPLEXITY OF OPERATIONS. THE BoaRD CHAIR GIVES HIS RECOMMENDATION TO THE COMPENSATION COMMITTEE WHO DETERMINES COMPENSATION.

Form 990, Part VI, Section C, line 19

Governing documents, conflict of interest policy and financial statements are available to appropriate parties upon request through reports or responses to questionnaires.

Filing and Contact Details

Filer

Filer Name
Mount Saint Mary's University
EIN
95-1641455
Phone
3109544000
Address
12001 Chalon Rd, Los Angeles, CA 90049

Signing Officer

Name
Ann Mcelaney-Johnson
Title
President
Phone
3109544000
Signed
2018-04-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ann Mcelaney-Johnson
Formed
1925
Legal Domicile
CA
Voting Board Members
29
Independent Board Members
28
Employees
2,133
Volunteers
180

Preparer

Firm
Baker Tilly Virchow Krause LLP
Address
777 E Wisconsin Avenue, Milwaukee, WI 53202
Preparer
Troy Marine CPA
Phone
4147775500
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

Changes in Annuity Payable -32,514.

FORM 990, PART XII, LINE 2C:

There has been no change to the oversight or selection process for the audit of the financial statements.

Financial Statement Notes

Part III, Line 4:

The Jose Drudis-Biada's artwork is located at various locations throughout the University for public display.

Part V, Line 4:

The university's endowment consists of approximately 40 individual funds established for a variety of purposes. Its endowment includes both donor-restricted endowment funds and funds designated by the governing board to function as endowments.

Part X, Line 2:

The University follows the accounting standards for contingencies in evaluating uncertain tax positions. This guidance prescribes recognition threshold principles for the financial statement recognition of tax positions taken or expected to be taken on a tax return that are not certain to be realized. No liability has been recognized by the University for uncertain tax positions as of June 30, 2017 and 2016. The University's tax returns are subject to review and examination by federal and state authorities.

Part XI, Line 2D - Other Adjustments:

Rental Expense 297,036. Changes in Annuity Payable -32,514.

Part XI, Line 4B - Other Adjustments:

RECLASS OF FINANCIAL AID 32,703,261. Bad Debt Allowance Adjustment 368,124. Film Expense 47,123.

Part XII, Line 2D - Other Adjustments:

RENTAL EXPENSE 297,036.

Part XII, Line 4B - Other Adjustments:

RECLASS OF FINANCIAL AID 32,703,261. Bad Debt Allowance Adjustment 368,124. Film Expense 47,123.

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IRS990/Desc0INSTRUCTION: Mount Saint Mary's University provides values based traditional undergraduate education for women, as well as, innovative non-traditional undergraduate and graduate educational programs for women and men. The University's academic programs place a strong emphasis on social and ethical values consistent with a view of compassionate community involvement. Since its inception, the University has granted more than 23,800 degrees. During the fiscal year ended June 30, 2017, the University enrolled approximately 1,908 Full-time Equivalents (FTE) traditional undergraduate students; 778 FTE non-traditional undergraduate students; and 754 FTE graduate students.
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$380$76.0$304$158$141$17.5
2023Detailed filing. Detailed filing data is available for this year.$358$75.0$284$118$138$20.1
2022Detailed filing. Detailed filing data is available for this year.$362$68.8$294$130$130$0.56
2021Detailed filing. Detailed filing data is available for this year.$390$74.4$316$140$119$20.4
2020Detailed filing. Detailed filing data is available for this year.$325$66.5$259$120$121$0.92
2019Detailed filing. Detailed filing data is available for this year.$327$67.6$259$128$122$5.43
2018Detailed filing. Detailed filing data is available for this year.$266$14.2$252$131$123$7.28
2017Detailed filing. Detailed filing data is available for this year.$256$13.8$242$132$122$10.2
2016Detailed filing. Detailed filing data is available for this year.$237$14.6$222$122$118$3.87
2015Summary only. Only limited summary data is available for this year.$243$16.7$226$125$110$14.6
2014Detailed filing. Detailed filing data is available for this year.$234$18.1$216$119$105$14.2
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$211$15.5$196$91.6
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$192$15.1$177$84.6
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$191$16.4$174$81.0
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$165$12.5$153$69.8