Saint Michael's College

Overview

Mission

It is the mission of saint michael's college to contribute through higher education to the enhancement of the human person and to the advancement of human culture in the light of the catholic faith.

What it reported doing in 2024

Academic program and financial aid, see sch o

Operating model

Revenue model
Earned-program. 85% of the money available for current operations came from fees and other program revenue.
Distribution model
Hybrid. The nonprofit split its reported program spending across 59% for direct work, and 41% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

Nonprofit profile at a glance

EIN
030179403
IRS 990 coverage
2009–2024
Forms available
Form 990 2024, Form 990-T 2024
Headquarters
Colchester, VT, USA
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Universities
Affiliation
Christianity

Official website

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The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 86
  • Transparency & Controls: 72
  • Accountability: 93
  • Sustainability: 31
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 88.3%; rating input score 88
  • Fundraising efficiency: $3.08 raised per $1 spent on fundraising; rating input score 11; 11th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 94.7%; rating input score 95; 39th percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
  • Foreign activity oversight: 0 of 8 controls in place; rating input score 0
  • Grant itemization coverage: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100
  • Public monitoring controls: Limited
  • Public policy transparency: Limited
  • Public financial transparency: Limited
  • Impact reporting controls: Limited
  • Public relationship transparency: Limited

Accountability

  • Independent voting board: 96.4%; rating input score 96; 49th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
  • Public governance controls: Limited
  • Zakat policy transparency: Limited

Sustainability

  • Operating margin: -16%; rating input score 5; 5th percentile among comparable filings
  • Operating reserve ratio: 1.64; rating input score 55; 55th percentile among comparable filings
  • Liabilities to assets ratio: 0.37; rating input score 48; 48th percentile among comparable filings
  • Officer compensation ratio: 1.9%; rating input score 58; 58th percentile among comparable filings

Growth

  • Program expense growth: -1.2% per year; rating input score 0; 5th percentile among comparable filings
  • Revenue growth: -0.6% per year; rating input score 0; 4th percentile among comparable filings
  • Asset growth: 0.5% per year; rating input score 100; 9th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 88.3% of spending went to programs
  • Governance: 27 of 28 board members independent · 8 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $96.8M in reported program spending
  • Leadership: top reported pay $478K · 36 people listed · 3 of 6 pay-setting controls reported
  • Consistency: 41 of 42 current checks pass · 1 finding to review
  • Schedules: 12 filed schedules · includes major donors, foreign activity, grants, executive pay, and related organizations
  • Filing history: 16 annual filings from 2009 to 2024
  • Money network: 9 filed money-flow records
  • Related organizations: 3 filed related-organization links