Saint Joseph's College of Maine
Legal name: Trustees of Saint Joseph's College Saint Joseph's College of Maine
Nonprofit profile at a glance
- EIN
- 010212542
- IRS 990 coverage
- 2009–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Standish, ME, United States
- Phone
- (207) 892-6766
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- University or Technological Institute
Reported finances
- Revenue
- $54,603,399
- Expenses
- $56,962,363
- Assets
- $62,919,311
- Liabilities
- $17,657,385
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
31 people listed
Executive titles in this filing
- Joseph Cassidy (President)
Highest reported compensation
- Joseph Cassidy (President): $371,198 total reported compensation
- Dr Monique LaRocque (SVP Academic Affairs): $239,180 total reported compensation
- Jonathan Greven (SVP Fin. & Admn & Treasurer): $216,012 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Saint Joseph’s College of Maine is a Catholic liberal arts college (sponsored by the Sisters of Mercy) that fosters an ongoing dialogue between faith and reason to prepare learners to live meaningful lives that improve the world around them; the college’s mission includes growing learners into community leaders.
What it reported doing in 2024
Higher education institute offering small classes with an up-close and personal learning environment.- More than 40 majors, minors, and partnership programs- Classes of just six students are not unusual- Average class size of 13 students- Student Faculty ratio 14:1- First-year students meet with a faculty mentor- Professors will get to know you and inspire you
Operating model
- Revenue model
- Earned-program. 96% 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.
The verdict
STRONG - 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: 88
- Transparency & Controls: 85
- Accountability: 97
- Sustainability: 30
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 99.6%; rating input score 100
- Program expense ratio: 94.3%; rating input score 94
- Fundraising efficiency: $3.04 raised per $1 spent on fundraising; rating input score 10; 10th percentile among comparable filings
Transparency & Controls
- Consistency checks: 94.4%; rating input score 94; 31st percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- 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: 95.2%; rating input score 95; 48th 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: -4.3%; rating input score 14; 14th percentile among comparable filings
- Total-asset coverage ratio: 1.1; rating input score 43; 43rd percentile among comparable filings
- Liabilities to assets ratio: 0.28; rating input score 58; 58th percentile among comparable filings
- Officer compensation ratio: 3.4%; rating input score 32; 32nd percentile among comparable filings
Growth
- Program expense growth: 0% per year; rating input score 100; 8th percentile among comparable filings
- Revenue growth: 0.8% per year; rating input score 100; 8th percentile among comparable filings
- Asset growth: 0.5% per year; rating input score 100; 9th percentile among comparable filings
Details
- What they do: 3 programs and campaigns described on the official site
- Where the money goes: 99.6% of revenue deployed · 94.3% of spending went to programs
- Governance: 20 of 21 board members independent · 9 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $53.7M in reported program spending
- Leadership: top reported pay $371K · 31 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $3.1M reported
- Consistency: 37 of 38 current checks pass · 1 finding to review
- Schedules: 11 filed schedules · includes major donors, grants, and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 11 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.
- High — Financial Efficiency: Fundraising efficiency scored 10/100.
- High — Sustainability: Operating margin scored 14/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 43/100.
- Moderate — Sustainability: Officer compensation ratio scored 32/100.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
- Review — Sustainability: Liabilities to assets ratio scored 58/100.