Pontifical College Josephinum

Nonprofit profile at a glance

EIN: 314379535
IRS 990 coverage: 2020–2024
Forms available: Form 990 2024
Location: Columbus, OH, USA
Phone: 6149852230
Rating: 62
Verdict: SUPPORTED
Rating confidence: Moderate
Sector: Undergraduate College (4-year)
Affiliation: Christianity

Reported finances

Revenue: $10,056,705
Expenses: $9,942,798
Assets: $54,583,000
Liabilities: $4,212,284

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

20 people listed

Executive titles in this filing

Very Reverend Steven Beseau (Rector President)
Rick H Jeric (Vice President of Advancement)

Highest reported compensation

Rick H Jeric (Vice President of Advancement): $157,312 total reported compensation
Mr Perry Cahall (Academic Dean): $118,948 total reported compensation
Very Reverend Steven Beseau (Rector President): $109,181 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Josephinum seeks to prepare priests for the new evangelization and to serve the pastoral needs of the Roman Catholic Church. The Josephinum provides resources to prepare candidates for the priesthood. The Josephinum shares its resources with the wider Church by promoting vocations and educating clergy laity.

What it reported doing in 2024

Student services include Dining Services a Health Center Gym Work-Out Facility and other Athletic Programs Counseling Services Personal Formation through Priests and faculty including the Dean of Men Seminarian Assistance and services provided by the Registrars Office.

Operating model

Revenue model: Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model: Direct operator. The filing allocates 82% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - Most voting board members are independent. A relatively small share of total spending goes to programs and the filing does not identify recipients for some grant dollars.

Rating breakdown

Financial Efficiency: 55
Transparency & Controls: 58
Accountability: 88
Sustainability: 57
Growth: 40

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 64.5%; rating input score 64
Program expense ratio: 52.4%; rating input score 52
Fundraising efficiency: $5.17 raised per $1 spent on fundraising; rating input score 21; 21st percentile among comparable filings

Transparency & Controls

Consistency checks: 93.8%; rating input score 94; 17th 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: Pass
- Compensation survey or study: Missing
- Board or committee approval: Pass
Foreign activity oversight: Limited
Grant itemization coverage: 0%; rating input score 0; 4th percentile among comparable filings
Major donor itemization: Yes; rating input score 100
Related-party transparency: Limited

Accountability

Independent voting board: 78.9%; rating input score 79; 15th 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: 1.1%; rating input score 38; 38th percentile among comparable filings
Total-asset coverage ratio: 5.49; rating input score 86; 86th percentile among comparable filings
Liabilities to assets ratio: 0.08; rating input score 78; 78th percentile among comparable filings
Officer compensation ratio: 6%; rating input score 43; 43rd percentile among comparable filings

Growth

Program expense growth: 5.9% per year; rating input score 100; 48th percentile among comparable filings
Revenue growth: -1% per year; rating input score 0; 6th percentile among comparable filings
Asset growth: -0.6% per year; rating input score 0; 9th percentile among comparable filings

Details

Where the money goes: 64.5% of revenue deployed · 52.4% of spending went to programs
Governance: 15 of 19 board members independent · 9 of 9 filing controls reported
Programs: 3 filed program accomplishments · $5.2M in reported program spending
Leadership: top reported pay $157K · 20 people listed · 2 of 6 pay-setting controls reported
Highest-paid contractors: 1 contractor listed · $816K reported
Consistency: 46 of 47 current checks pass · 1 finding to review
Schedules: 9 filed schedules · includes major donors, grants, and executive pay
Filing history: 5 filing years from 2020 to 2024
Contacts: How to reach this organization
Money network: 5 filed money-flow records
Related organizations: 1 filed related-organization link
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.

Review — Financial Efficiency: Program expense ratio scored 52/100.
High — Transparency & Controls: Grant itemization coverage scored 0/100.
High — Financial Efficiency: Fundraising efficiency scored 21/100.
High — Growth: Revenue growth scored 0/100.
Moderate — Sustainability: Operating margin scored 38/100.
High — Growth: Asset growth scored 0/100.
Moderate — Sustainability: Officer compensation ratio scored 43/100.
Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.