St Andrews University
Nonprofit profile at a glance
- EIN
- 560530240
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Babson Park, FL, USA
- Phone
- 8636381431
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $32,837,605
- Expenses
- $30,422,448
- Assets
- $13,866,341
- Liabilities
- $12,639,036
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- DR NELSON MARQUEZ (PRESIDENT/CEO)
- TARUN MALIK (CAMPUS PRESIDENT)
- HERBERT K WADE (FORMER PRESIDENT)
Highest reported compensation
- HERBERT K WADE (FORMER PRESIDENT): $273,017 total reported compensation
- DR NELSON MARQUEZ (PRESIDENT/CEO): $270,972 total reported compensation
- TARUN MALIK (CAMPUS PRESIDENT): $199,654 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 university's mission is to offer students an array of business, liberal arts and sciences, and pre-professional programs of study that create a life transforming educational opportunity, which is practical in its application, global in its scope, and multi-disciplinary in its general education core. Students will acquire depth of knowledge and expertise in their chosen field of study, balances by breadth of knowledge across various disciplines. Special emphasis is placed on enhancing oral and written communication and critical thinking skills.
What it reported doing in 2024
St. Andrews is a four year liberal arts college that enrolled over 300 students during 2024-2025 academic year. The university offers day, night, and online classes for an array of programs
Operating model
- Revenue model
- Earned-program. 65% 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 70% for direct work, and 30% for grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 72
- Transparency & Controls: 71
- Accountability: 82
- Sustainability: 42
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 72.9%; rating input score 73
- Program expense ratio: 79.8%; rating input score 80
- Fundraising efficiency: $10.22 raised per $1 spent on fundraising; rating input score 39; 39th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd 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: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd 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; 66th percentile among comparable filings
- Governance controls: 5 of 9 controls in place; rating input score 56
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- 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: 7.4%; rating input score 61; 61st percentile among comparable filings
- Total-asset coverage ratio: 0.46; rating input score 14; 14th percentile among comparable filings
- Liabilities to assets ratio: 0.91; rating input score 9; 9th percentile among comparable filings
- Officer compensation ratio: 2.5%; rating input score 73; 73rd percentile among comparable filings
Growth
- Program expense growth: 2.1% per year; rating input score 100; 20th percentile among comparable filings
- Revenue growth: 2% per year; rating input score 100; 17th percentile among comparable filings
- Asset growth: 2.8% per year; rating input score 100; 21st percentile among comparable filings
Details
- Where the money goes: 72.9% of revenue deployed · 79.8% of spending went to programs
- Governance: 6 of 6 board members independent · 5 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $24.3M in reported program spending
- Leadership: top reported pay $273K · 14 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $3.6M reported
- Consistency: 34 of 34 current checks pass
- Schedules: 9 filed schedules · includes major donors, grants, and executive pay
- Filing history: 15 filing years from 2010 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.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Governance controls: 4 of 9 not reported.
- Moderate — Financial Efficiency: Fundraising efficiency scored 39/100.
- High — Sustainability: Total-asset coverage ratio scored 14/100.
- High — Sustainability: Liabilities to assets ratio scored 9/100.