Saint Michael's College: Nonprofit Profile, Financials & Form 990 (EIN 03-0179403)

Revenue by fiscal year
FY2020	$107.0M
FY2021	$111.4M
FY2022	$109.4M
FY2023	$95.7M
FY2024	$98.4M
FY2024	$94.5M

Expenses by fiscal year
FY2020	$107.8M
FY2021	$104.2M
FY2022	$108.1M
FY2023	$106.9M
FY2024	$108.4M
FY2024	$109.6M

Net assets by fiscal year
FY2020	$123.0M
FY2021	$153.1M
FY2022	$143.3M
FY2023	$131.7M
FY2024	$128.0M
FY2024	$113.6M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 1973.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Part of a larger organization · Schedule R

Saint Michael's College files its own Form 990, but Schedule R discloses 4 related entities — figures on this page are for this EIN only, not the whole group. Large hospital and education systems often split assets and fundraising across related entities; read Schedule R before comparing to a single-site charity.

Saint Michaels College Merrill Cemetery Association INC · Saint Michaels College Fire and Rescue INC · Green Mountain Higher Education Consortium INC · Saint Michael's College Fire & Rescue · See Schedule R

Combined filings · FY2024 · 3 entities with data

Simple sum of each entity's Form 990 headline figures — not audited consolidated financials. This page's EIN is 93% of group revenue.

Group revenue

$101.8M

Group expenses

$116.6M

Group net assets

$117.9M

Saint Michaels College Fire and Rescue INC · $1.4M rev · $4.1M net assets

Green Mountain Higher Education Consortium INC · $5.8M rev · $266K net assets

Where the money goes

88 cents of each dollar spent went to programs.

88%

Program services 88% · $96.8M Management & general 9% · $10.3M Fundraising 2% · $2.5M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

36 people listed on the 990; $1.7M paid to officers and key staff.

Part VII, Section A · reportable compensation

Richard Plumb

President/Trustee

$383,500Pt VII · Sec A

Gretchen Galbraith

VP Academic Affairs

$189,902Pt VII · Sec A

Dawn M Ellinwood

VP for Student Affairs

$189,844Pt VII · Sec A

Robert Robinson

VP for Finance/Treasurer

$188,169Pt VII · Sec A

Jeffery Trumbower

Professor of Religious Studies

$159,007Pt VII · Sec A

Jeffrey Ayers

Professor Political Science

$158,428Pt VII · Sec A

Sarah Hastings

Professor Psychology

$150,166Pt VII · Sec A

Michael Larsen

Professor Mathematics

$141,140Pt VII · Sec A

Richard Plumb’s $384K as President/Trustee is at the 78th percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

Name	FY2024	FY2024	FY2023	FY2022	FY2021	FY2020
John J Neuhauser	—	—	—	—	$498,944	—
Dr Lorraine Sterritt PHD	—	$488,129	$418,606	$426,035	$381,632	—
Dr Lorraine Sterritt PHD	—	—	—	—	—	$403,962
Richard Plumb	$383,500	—	—	—	—	—
John J Neuhauser	—	—	—	—	—	$279,703
Lewis Thayne	—	$200,000	—	—	—	—
Kristen McAndrew	—	—	$195,240	$191,098	$180,668	—
Gretchen Galbraith	$189,902	—	—	—	—	—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Saint Michael's College executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Promotes human development and culture through Catholic higher education.

Provided by the organization

This section is blank until Saint Michael's College claims this page.

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3 program services account for $96.8M of program spending, described in the organization's own filed words · FY2024.

01

Academic program and financial aid, see SCH o

$65.0Mprogram expense

02

Student services, see SCH o

$16.6Mprogram expense

03

Auxiliary enterprises, see SCH o

$15.3Mprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid

Grants received · FY2025

Folds of Honor FoundationFY2025$6K

Total grants receivedfrom 1 funder$6K

Grants paid · 37 grants · $241.8M · 2019–2024

Unitemized GrantFY2024$31,673,626

Unitemized GrantFY2024$3,578,750

Unitemized GrantFY2024$3,559,732

Unitemized GrantFY2024$358,973

Unitemized GrantFY2024$35,290

Unitemized GrantFY2023$32,981,488

Unitemized GrantFY2023$3,486,346

Unitemized GrantFY2023$3,223,317

Unitemized GrantFY2023$279,208

Unitemized GrantFY2023$18,711

Unitemized GrantFY2022$32,637,334

Unitemized GrantFY2022$3,174,499

Unitemized GrantFY2022$2,499,153

Unitemized GrantFY2022$405,336

Unitemized GrantFY2022$20,053

Spectrum Youth and Family Services INCVT · FY2022$10,000

Unitemized GrantFY2021$35,835,025

Unitemized GrantFY2021$3,135,107

See all 37 grants →

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$94.5M

Ln 12

Fees for servicesLn 2g$77.4M

Investment incomeLn 3$8.5M

Gifts and grantsLn 1h$7.6M

Money outPt IX

$109.6M

Ln 25

Programscol B$96.8M

Managementcol C$10.3M

Fundraisingcol D$2.5M

Owns and owesPt X

$113.6M

net assets · Ln 32

Cash and savingsLn 1–2$7.3M

Total assetsLn 16$179.4M

LiabilitiesLn 26$65.8M

PeoplePt VI, VII

36

listed · VII A

PaidVII A9

Voting boardVI 1a28

IndependentVI 1b27

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$7.6M

Government grantsLn 1e$2.1M

Noncash giftsLn 1g$532K

Fees for servicesLn 2g$77.4M

Investment incomeLn 3$8.5M

Other incomeLn 4–11$1.0M

Gains on assetsLn 7$5.4M

Total revenueLn 12$94.5M

Assets in detailPt X, end of year

CashLn 1$7.3M

Cash and savings togetherLn 1–2$7.3M

InvestmentsLn 11–13$94.6M

Land, buildings, equipmentLn 10c$71.8M

Other assetsLn 15$156K

Total assetsLn 16$179.4M

LiabilitiesLn 26$65.8M

Net assetsLn 32$113.6M

OperationsPt I, VI

EmployeesI 51,172

VolunteersI 61,051

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$5.1M	$7.3M
InvestmentsLn 11–13	$105.7M	$94.6M
Land, buildings, equipmentLn 10c	$75.3M	$71.8M
Total assetsLn 16	$196.6M	$179.4M
LiabilitiesLn 26	$68.6M	$65.8M
Net assetsLn 32	$128.0M	$113.6M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$6K	$6K
Grants to domestic individualsLn 2	$39.2M	$39.2M
Grants and assistance to foreign recipientsLn 3	$226K	$226K
Pay of current officers, directors and key staffLn 5	$1.9M	$936K	$431K	$523K
Other salaries and wagesLn 7	$26.5M	$22.0M	$3.5M	$1.1M
Pension plan contributionsLn 8	$595K	$491K	$70K	$34K
Other employee benefitsLn 9	$6.9M	$5.7M	$953K	$253K
Payroll taxesLn 10	$2.0M	$1.6M	$272K	$109K
Legal feesLn 11b	$155K		$155K
Accounting feesLn 11c	$261K		$261K
Lobbying feesLn 11d	$2K		$2K
Investment management feesLn 11f	$419K		$419K
Advertising and promotionLn 12	$271K	$180K	$85K	$6K
Office expensesLn 13	$4.0M	$3.5M	$286K	$184K
Information technologyLn 14	$1.9M	$964K	$902K	$10K
OccupancyLn 16	$4.5M	$4.4M	$123K
TravelLn 17	$2.1M	$2.0M	$94K	$54K
InterestLn 20	$3.1M	$3.0M	$56K
Depreciation, depletion and amortizationLn 22	$6.2M	$5.7M	$528K
InsuranceLn 23	$807K	$734K	$73K
Other expenses (24a–d)Ln 24	$8.7M	$6.3M	$2.2M	$207K
Total functional expensesLn 25	$109.6M	$96.8M	$10.3M	$2.5M

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024	$98.4M	$108.4M	−$9.9M	$128.0M	990 PDF
FY2023	$95.7M	$106.9M	−$11.2M	$131.7M	990 PDF
FY2022	$109.4M	$108.1M	$1.3M	$143.3M	990 PDF
FY2021	$111.4M	$104.2M	$7.2M	$153.1M	990 PDF
FY2020	$107.0M	$107.8M	−$798K	$123.0M	990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2024 990 (4 parts)

Part VIII · Statement of revenue $94,490,565 across 10 lines filed

Lines not itemized here account for $350,398 of total revenue; see the IRS return.

VIII-1e Government grants$2,091,019

VIII-1f All other contributions, gifts and grants$5,516,340

VIII-1g Noncash contributions (included above)$531,939

VIII-1h Total contributions, gifts and grants$7,607,359

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $75,102,933 · Unrelated business $24,842 · Excluded from tax $1,932,616$77,060,391

VIII-3 Investment incomeUnrelated business $21,316 · Excluded from tax $3,066,842$3,088,158

VIII-6 Net rental income or lossExcluded from tax $345,969$345,969

VIII-7 Net gain or loss on sales of assetsUnrelated business $109,166 · Excluded from tax $5,256,534$5,365,700

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $672,590$672,590

VIII-12 Total revenueRelated to mission $75,453,331 · Unrelated business $155,324 · Excluded from tax $11,274,551$94,490,565

Part IX · Statement of functional expenses $109,601,960 across 21 lines filed

IX-1 Grants to domestic organizationsPrograms $6,200$6,200

IX-2 Grants to domestic individualsPrograms $39,206,371$39,206,371

IX-3 Grants and assistance to foreign recipientsPrograms $225,915$225,915

IX-5 Pay of current officers, directors and key staffPrograms $935,562 · Management $431,186 · Fundraising $522,940$1,889,688

IX-7 Other salaries and wagesPrograms $21,979,804 · Management $3,451,090 · Fundraising $1,087,478$26,518,372

IX-8 Pension plan contributionsPrograms $490,984 · Management $69,950 · Fundraising $33,999$594,933

IX-9 Other employee benefitsPrograms $5,674,906 · Management $952,635 · Fundraising $253,395$6,880,936

IX-10 Payroll taxesPrograms $1,620,302 · Management $271,767 · Fundraising $108,785$2,000,854

IX-11b Legal feesManagement $154,677$154,677

IX-11c Accounting feesManagement $260,703$260,703

IX-11d Lobbying feesManagement $1,617$1,617

IX-11f Investment management feesManagement $419,010$419,010

IX-12 Advertising and promotionPrograms $179,985 · Management $84,686 · Fundraising $5,900$270,571

IX-13 Office expensesPrograms $3,494,942 · Management $286,481 · Fundraising $184,372$3,965,795

IX-14 Information technologyPrograms $964,394 · Management $902,347 · Fundraising $9,930$1,876,671

IX-16 OccupancyPrograms $4,356,052 · Management $123,009$4,479,061

IX-17 TravelPrograms $1,954,919 · Management $94,209 · Fundraising $54,362$2,103,490

IX-20 InterestPrograms $2,997,438 · Management $56,319$3,053,757

IX-22 Depreciation, depletion and amortizationPrograms $5,702,496 · Management $528,269$6,230,765

IX-23 InsurancePrograms $733,879 · Management $73,181$807,060

IX-24 Other expenses (24a–d)Programs $6,292,990 · Management $2,155,438 · Fundraising $207,086$8,655,514

IX-25 Total functional expensesPrograms $96,817,139 · Management $10,316,574 · Fundraising $2,468,247$109,601,960

Part X · Balance sheet $179,408,557 assets, 19 lines filed

Asset lines not itemized here account for $905,869; see the IRS return.

X-1 Cash, non-interest-bearingStart of year $5,091,545$7,269,949

X-3 Pledges and grants receivableStart of year $4,782,875$1,262,316

X-4 Accounts receivableStart of year $1,116,896$819,948

X-8 Inventories for sale or useStart of year $386,375$353,151

X-9 Prepaid expenses and deferred chargesStart of year $2,556,555$2,220,565

X-10c Land, buildings and equipment, netStart of year $75,280,196$71,784,554

X-11 Publicly traded securitiesStart of year $53,151,572$47,304,722

X-12 Other securitiesStart of year $52,560,911$47,331,918

X-15 Other assetsStart of year $283,680$155,565

X-16 Total assetsStart of year $196,624,631$179,408,557

X-17 Accounts payable and accrued expensesStart of year $6,484,038$4,939,126

X-19 Deferred revenueStart of year $2,576,678$2,107,418

X-20 Tax-exempt bond liabilitiesStart of year $56,408,859$50,973,633

X-25 Other liabilitiesStart of year $3,127,074$2,818,832

X-26 Total liabilitiesStart of year $68,596,649$65,839,009

X-27 Net assets without donor restrictionsStart of year $53,773,601$40,961,616

X-28 Net assets with donor restrictionsStart of year $74,254,381$72,607,932

X-32 Total net assets or fund balancesStart of year $128,027,982$113,569,548

X-33 Total liabilities and net assetsStart of year $196,624,631$179,408,557

Part XI · Reconciliation of net assets $113,569,548 net assets at year end

XI-1 Total revenue$94,490,565

XI-2 Total expenses$109,601,960

XI-3 Revenue less expenses−$15,111,395

XI-4 Net assets at start of year$128,027,982

XI-5 Net unrealized gains (losses) on investments$370,466

XI-9 Other changes in net assets$282,495

XI-10 Net assets at end of year$113,569,548

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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