Mount Saint Mary College
Nonprofit profile at a glance
- EIN
- 141468399
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Newburgh, NY, USA
- Phone
- 8455610800
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- University or Technological Institute
Reported finances
- Revenue
- $75,695,641
- Expenses
- $77,487,319
- Assets
- $161,030,971
- Liabilities
- $44,286,480
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
32 people listed
Executive titles in this filing
- Arthur D Glass MBA CPA (Vice President for Finance & Administration (through Oct 2024))
- Brian Moore (Executive Director of College Operations)
- Dr Robert Gervasi (President)
- Evan Merkhofer (Interim Vice President for Academic Affairs)
- Elaine A O'Grady MBA (Vice President for Students)
- Kimberly Strano (Vice President of Enrollment Management)
Highest reported compensation
- Arthur D Glass MBA CPA (Vice President for Finance & Administration (through Oct 2024)): $252,824 total reported compensation
- Dr Robert Gervasi (President): $220,953 total reported compensation
- Tiffany Gagliano (Former Chief of Staff): $205,969 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
As reflected in its motto "Doce Me Veritatem" (Teach me the Truth), Mount Saint Mary College is an independent, coeducational institution committed to providing students with a liberal arts education to prepare them for lives of leadership and service. Through a variety of majors and professional programs, students are also prepared for career entry or graduate and professional studies. Consistent with Judeo-Christian values and the Dominican tradition of education that values the inherent worth of the individual, the mission of Mount Saint Mary College is to create an environment which fosters close student-faculty interaction that enables students to reach their full potential as lifelong learners. Mount Saint Mary College strives to provide a stimulating environment that promotes the intellectual and personal growth of undergraduate, graduate and continuing education students.
What it reported doing in 2024
Bishop dunn memorial school: elementary school operations, an adjunct facility on the mount saint mary college campus, where the mount's education students assist and observe in teaching, and may complete field work. This on-campus school is a combined elementary school and middle school for pre-k through grade 8 students. It offers a variety of programs, including enrichment for honors students, special education, virtual field trips and other creative uses of technology. Individually gifted programs, on both primary and middle levels, are conducted here, as well as classes for children with learning disabilities.
Operating model
- Revenue model
- Other-operating. 92% of the money available for current operations came from other operating revenue.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 68% for direct work, and 32% for grants.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 82
- Transparency & Controls: 69
- Accountability: 100
- Sustainability: 39
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 88.6%; rating input score 89
- Program expense ratio: 87.1%; rating input score 87
- Fundraising efficiency: $7.54 raised per $1 spent on fundraising; rating input score 34; 34th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- 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: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -2.4%; rating input score 18; 18th percentile among comparable filings
- Total-asset coverage ratio: 2.08; rating input score 64; 64th percentile among comparable filings
- Liabilities to assets ratio: 0.28; rating input score 59; 59th percentile among comparable filings
- Officer compensation ratio: 2.8%; rating input score 41; 41st percentile among comparable filings
Growth
- Program expense growth: 0.7% per year; rating input score 100; 9th percentile among comparable filings
- Revenue growth: 0.8% per year; rating input score 100; 8th percentile among comparable filings
- Asset growth: -1.1% per year; rating input score 0; 5th percentile among comparable filings
Details
- Where the money goes: 88.6% of revenue deployed · 87.1% of spending went to programs
- Governance: 19 of 19 board members independent · 9 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $67.5M in reported program spending
- Leadership: top reported pay $253K · 32 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $5.8M reported
- Consistency: 40 of 40 current checks pass
- Schedules: 11 filed schedules · includes major donors, foreign activity, grants, and executive pay
- Filing history: 14 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 12 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- 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.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- Moderate — Financial Efficiency: Fundraising efficiency scored 34/100.
- High — Sustainability: Operating margin scored 18/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Officer compensation ratio scored 41/100.
- Review — Sustainability: Liabilities to assets ratio scored 59/100.