Loyalist College of Applied Arts & Technology

Nonprofit profile at a glance

EIN: 980584522
IRS 990 coverage: 2020–2023
Forms available: Form 990 2023, Form 990-N 2019
Location: Belleville, ON - Ontario, CA
Phone: 6139691913
Rating: 58
Verdict: MIXED
Rating confidence: Moderate
Sector: Vocational, Technical Schools

Reported finances

Revenue: $129,689,932
Expenses: $119,310,039
Assets: $139,212,055
Liabilities: $91,991,186

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

24 people listed

Executive titles in this filing

William Kirkpatrick (President and CEO)

Highest reported compensation

William Kirkpatrick (President and CEO): $212,418 total reported compensation
Deanne Saunders (Senior VP Strategic Planning): $160,750 total reported compensation
Jeremy Lauran (Senior VP External Relations): $158,740 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The college's publicly assisted college provides full time and part time programs that lead to certificates and diplomas. The college provides continuing education and industry specific training.

What it reported doing in 2023

Enveloped funded Services - these services are funded by government grants includes job placement services educational upgrades. support training programs student athletics student IT student health services student government. student centre and alumni.

Operating model

Revenue model: Other-operating. 80% of the money available for current operations came from other operating revenue.
Distribution model: Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

MIXED - Most voting board members are independent and program spending has grown recently. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and the filing reports few safeguards for money sent abroad.

Rating breakdown

Financial Efficiency: 59
Transparency & Controls: 36
Accountability: 81
Sustainability: 58
Growth: 100

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 64.6%; rating input score 65
Program expense ratio: 70.2%; rating input score 70
Fundraising efficiency: Limited

Transparency & Controls

Consistency checks: 92.9%; rating input score 93; 17th percentile among comparable filings
Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
Foreign activity oversight: Scored; rating input score 0
Grant itemization coverage: 0%; rating input score 0; 3rd percentile among comparable filings
Major donor itemization: Limited
Related-party transparency: Limited

Accountability

Independent voting board: 76.5%; rating input score 76; 25th percentile among comparable filings
Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass

Sustainability

Operating margin: 8%; rating input score 70; 70th percentile among comparable filings
Total-asset coverage ratio: 1.17; rating input score 45; 45th percentile among comparable filings
Liabilities to assets ratio: 0.66; rating input score 25; 25th percentile among comparable filings
Officer compensation ratio: 1%; rating input score 73; 73rd percentile among comparable filings

Growth

Program expense growth: 19.3% per year; rating input score 100; 91st percentile among comparable filings
Revenue growth: 20.3% per year; rating input score 100; 94th percentile among comparable filings
Asset growth: 10.4% per year; rating input score 100; 71st percentile among comparable filings

Details

Where the money goes: 64.6% of revenue deployed · 70.2% of spending went to programs
Governance: 13 of 17 board members independent · 8 of 9 filing controls reported
Programs: 3 filed program accomplishments · $83.8M in reported program spending
Leadership: top reported pay $212K · 24 people listed · 0 of 6 pay-setting controls reported
Consistency: 41 of 43 current checks pass · 2 findings to review
Schedules: 6 filed schedules · includes foreign activity and executive pay
Filing history: 4 filing years from 2020 to 2023
Contacts: How to reach this organization
Money network: 8 filed money-flow records
Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

High — Transparency & Controls: Pay-setting controls scored 0/100.
High — Transparency & Controls: Foreign activity oversight scored 0/100.
High — Transparency & Controls: Grant itemization coverage scored 0/100.
Review — Accountability: Governance controls: Form 990 shared with the board not reported.
Moderate — Sustainability: Total-asset coverage ratio scored 45/100.
High — Sustainability: Liabilities to assets ratio scored 25/100.
Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
Moderate — Transparency & Controls: Part IX PensionPlanContributions column sum did not reconcile in the filed values.
High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.