Ursuline College: Nonprofit Profile, Financials & Form 990 (EIN 34-0714777)

Revenue by fiscal year
FY2020	$32.1M
FY2021	$37.4M
FY2022	$40.0M
FY2023	$33.7M
FY2024	$42.6M
FY2025	$42.0M

Expenses by fiscal year
FY2020	$32.2M
FY2021	$34.1M
FY2022	$38.9M
FY2023	$37.4M
FY2024	$40.5M
FY2025	$43.6M

Net assets by fiscal year
FY2020	$87.5M
FY2021	$100.8M
FY2022	$90.2M
FY2023	$90.3M
FY2024	$89.7M
FY2025	$89.2M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1952.

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

Where the money goes

91 cents of each dollar spent went to programs.

91%

Program services 91% · $39.6M Management & general 7% · $2.9M Fundraising 2% · $1.1M

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

35 people listed on the 990; $899K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII

Kathryn Lafontana

VP Academic Affairs

$140,805Pt VII · Sec A

Richard M Brown

VP of Enrollment Management

$130,575Pt VII · Sec A

David King

President

$128,674Pt VII · Sec A

Patricia Sharpnack

Dean of Nursing&professor

$121,420Pt VII · Sec A

Deanne Hurley

VP of Student Affairs

$118,832Pt VII · Sec A

Janet Baker

Assoc Dean, Graduate Nursing

$104,904Pt VII · Sec A

Erin Basilius

Program Director, Physician Asst.

$103,991Pt VII · Sec A

Cheryl Noviski

VP/CFO Finance

$49,670Pt VII · Sec A

Kathryn Lafontana’s $141K as VP Academic Affairs is at the 12th 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	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Kathryn Lafontana	$140,805	$125,770	$127,382	$131,585	$128,621	$125,137
Terry Billups	—	—	—	—	$31,302	$133,598
Richard Konisiewicz	—	—	$125,250	$133,162	$130,450	$122,736
Richard M Brown	$130,575	$126,250	$114,939	$8,981	—	—
Susan Dileno	—	—	—	$109,257	$129,197	$126,825
David King	$128,674	—	—	—	—	—
Deanne Hurley	$118,832	$118,972	$117,064	$124,860	$117,920	$115,257
Ryan Adler	—	$115,711	$121,974	$114,019	—	—

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 Ursuline 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

Provides women-centered undergraduate and graduate education, offering 35 degree programs online and in-person to prepare students for leadership and professional excellence.

Provided by the organization

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1 program · $39.6M · in their own filed words · FY2024

01

The education of individuals at both the undergraduate and graduate level. The college offers 35 degree programs ranging from fashion design and sports management to education and doctor of nursing practice. Approximately 1,000 students attend the college in-person and online.

$39.6Mprogram expense

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

Smiley Family Charitable FoundationFY2025$25K

Total grants receivedfrom 1 funder$25K

Grants paid · 6 grants · $62.7M · 2019–2024

Unitemized GrantFY2024$12,524,875

Unitemized GrantFY2023$11,860,397

Unitemized GrantFY2022$10,994,975

Unitemized GrantFY2021$9,943,470

Unitemized GrantFY2020$9,188,320

Unitemized GrantFY2019$8,234,180

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$42.0M

Ln 12

Fees for servicesLn 2g$34.0M

Investment incomeLn 3$4.0M

Gifts and grantsLn 1h$3.8M

Money outPt IX

$43.6M

Ln 25

Programscol B$39.6M

Managementcol C$2.9M

Fundraisingcol D$1.1M

Owns and owesPt X

$89.2M

net assets · Ln 32

Cash and savingsLn 1–2$3.4M

Total assetsLn 16$92.1M

LiabilitiesLn 26$2.9M

PeoplePt VI, VII

35

listed · VII A

PaidVII A8

Voting boardVI 1a28

IndependentVI 1b28

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$3.8M

Government grantsLn 1e$1.2M

Fees for servicesLn 2g$34.0M

Investment incomeLn 3$4.0M

Other incomeLn 4–11$89K

Gains on assetsLn 7$1.6M

Total revenueLn 12$42.0M

Assets in detailPt X, end of year

SavingsLn 2$3.4M

Cash and savings togetherLn 1–2$3.4M

InvestmentsLn 11–13$49.1M

Land, buildings, equipmentLn 10c$35.8M

Other assetsLn 15$1.1M

Total assetsLn 16$92.1M

LiabilitiesLn 26$2.9M

Net assetsLn 32$89.2M

OperationsPt I, VI

EmployeesI 5584

VolunteersI 61

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14No

3Year over year

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

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$3.2M	$3.4M
InvestmentsLn 11–13	$48.9M	$49.1M
Land, buildings, equipmentLn 10c	$37.1M	$35.8M
Total assetsLn 16	$93.2M	$92.1M
LiabilitiesLn 26	$3.5M	$2.9M
Net assetsLn 32	$89.7M	$89.2M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$12.5M	$12.5M
Pay of current officers, directors and key staffLn 5	$611K	$554K	$36K	$22K
Other salaries and wagesLn 7	$12.7M	$11.6M	$743K	$451K
Pension plan contributionsLn 8	$349K	$317K	$20K	$12K
Other employee benefitsLn 9	$1.8M	$1.7M	$106K	$65K
Payroll taxesLn 10	$977K	$885K	$57K	$35K
Legal feesLn 11b	$421K		$421K
Accounting feesLn 11c	$64K		$64K
Investment management feesLn 11f	$45K		$45K
Other fees for servicesLn 11g	$5.7M	$5.2M	$360K	$179K
TravelLn 17	$541K	$521K	$6K	$15K
Conferences, conventions and meetingsLn 19	$538K	$483K	$17K	$38K
Depreciation, depletion and amortizationLn 22	$1.5M	$1.3M	$143K	$46K
InsuranceLn 23	$317K	$276K	$31K	$10K
Other expenses (24a–d)Ln 24	$3.8M	$3.3M	$429K	$89K
All other expensesLn 24e	$1.6M	$1.1M	$441K	$121K
Total functional expensesLn 25	$43.6M	$39.6M	$2.9M	$1.1M

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$42.0M	$43.6M	−$1.6M	$89.2M	990 PDF
FY2024	$42.6M	$40.5M	$2.0M	$89.7M	990 PDF
FY2023	$33.7M	$37.4M	−$3.8M	$90.3M	990 PDF
FY2022	$40.0M	$38.9M	$1.1M	$90.2M	990 PDF
FY2021	$37.4M	$34.1M	$3.3M	$100.8M	990 PDF
FY2020	$32.1M	$32.2M	−$117K	$87.5M	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 FY2025 990 (6 parts)

Part I · Summary $41,960,339 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $3,370,116$3,808,582

I-9 Program service revenuePrior year $31,190,475$34,039,695

I-10 Investment incomePrior year $7,855,367$4,023,077

I-11 Other revenuePrior year $140,622$88,985

I-12 Total revenuePrior year $42,556,580$41,960,339

I-13 Grants and similar amounts paidPrior year $11,860,397$12,524,875

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $16,116,528$16,507,027

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $12,559,730$14,542,379

I-18 Total expensesPrior year $40,536,655$43,574,281

I-19 Revenue less expensesPrior year $2,019,925−$1,613,942

Part VI · Governance 28 of 28 board members independent, 1 to look at

VI-1a Voting members of the governing body28

VI-1b Independent voting members28

VI-14 Document retention and destruction policyNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $41,960,339 across 9 lines filed

VIII-1e Government grants$1,164,217

VIII-1f All other contributions, gifts and grants$2,644,365

VIII-1h Total contributions, gifts and grants$3,808,582

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $34,039,695$34,039,695

VIII-3 Investment incomeUnrelated business −$793 · Excluded from tax $2,427,311$2,426,518

VIII-6 Net rental income or lossUnrelated business $30,897 · Excluded from tax $57,321$88,218

VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,596,559$1,596,559

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $767$767

VIII-12 Total revenueRelated to mission $34,040,462 · Unrelated business $30,104 · Excluded from tax $4,081,191$41,960,339

Part IX · Statement of functional expenses $43,574,281 across 16 lines filed

IX-2 Grants to domestic individualsPrograms $12,524,875$12,524,875

IX-5 Pay of current officers, directors and key staffPrograms $553,647 · Management $35,626 · Fundraising $21,632$610,905

IX-7 Other salaries and wagesPrograms $11,552,714 · Management $743,401 · Fundraising $451,375$12,747,490

IX-8 Pension plan contributionsPrograms $316,732 · Management $20,381 · Fundraising $12,375$349,488

IX-9 Other employee benefitsPrograms $1,651,326 · Management $106,261 · Fundraising $64,549$1,822,136

IX-10 Payroll taxesPrograms $885,436 · Management $56,977 · Fundraising $34,595$977,008

IX-11b Legal feesManagement $421,040$421,040

IX-11c Accounting feesManagement $63,835$63,835

IX-11f Investment management feesManagement $45,053$45,053

IX-11g Other fees for servicesPrograms $5,202,483 · Management $359,925 · Fundraising $179,335$5,741,743

IX-17 TravelPrograms $520,681 · Management $5,952 · Fundraising $14,588$541,221

IX-19 Conferences, conventions and meetingsPrograms $483,218 · Management $17,035 · Fundraising $37,838$538,091

IX-22 Depreciation, depletion and amortizationPrograms $1,273,264 · Management $142,829 · Fundraising $46,410$1,462,503

IX-23 InsurancePrograms $275,781 · Management $30,978 · Fundraising $10,073$316,832

IX-24 Other expenses (24a–d)Programs $3,259,688 · Management $428,884 · Fundraising $88,797$3,777,369

IX-24e All other expensesPrograms $1,072,281 · Management $441,421 · Fundraising $120,990$1,634,692

IX-25 Total functional expensesPrograms $39,572,126 · Management $2,919,598 · Fundraising $1,082,557$43,574,281

Part X · Balance sheet $92,101,874 assets, 17 lines filed

Asset lines not itemized here account for $938,665; see the IRS return.

X-2 Savings and temporary cash investmentsStart of year $3,181,974$3,410,258

X-3 Pledges and grants receivableStart of year $1,281,980$810,571

X-4 Accounts receivableStart of year $959,178$821,565

X-9 Prepaid expenses and deferred chargesStart of year $235,738$102,523

X-10c Land, buildings and equipment, netStart of year $37,071,395$35,838,615

X-11 Publicly traded securitiesStart of year $43,011,258$43,351,930

X-12 Other securitiesStart of year $5,877,480$5,762,514

X-15 Other assetsStart of year $922,190$1,065,233

X-16 Total assetsStart of year $93,221,543$92,101,874

X-17 Accounts payable and accrued expensesStart of year $1,870,682$1,237,413

X-19 Deferred revenueStart of year $72,325$69,275

X-25 Other liabilitiesStart of year $1,530,534$1,565,471

X-26 Total liabilitiesStart of year $3,473,541$2,872,159

X-27 Net assets without donor restrictionsStart of year $38,582,898$36,122,966

X-28 Net assets with donor restrictionsStart of year $51,165,104$53,106,749

X-32 Total net assets or fund balancesStart of year $89,748,002$89,229,715

X-33 Total liabilities and net assetsStart of year $93,221,543$92,101,874

Part XI · Reconciliation of net assets $89,229,715 net assets at year end

XI-1 Total revenue$41,960,339

XI-2 Total expenses$43,574,281

XI-3 Revenue less expenses−$1,613,942

XI-4 Net assets at start of year$89,748,002

XI-5 Net unrealized gains (losses) on investments$1,095,655

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$89,229,715

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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