St John's College: FY2022 Nonprofit Profile & Form 990 (EIN 52-0591421)

Revenue by fiscal year
FY2020	$85.2M
FY2021	$68.5M
FY2022	$100.9M
FY2023	$104.8M
FY2024	$132.0M
FY2024	$118.9M

Expenses by fiscal year
FY2020	$70.7M
FY2021	$64.8M
FY2022	$74.5M
FY2023	$80.4M
FY2024	$82.6M
FY2024	$87.8M

Net assets by fiscal year
FY2020	$287.0M
FY2021	$346.9M
FY2022	$322.9M
FY2023	$368.3M
FY2024	$440.7M
FY2024	$458.0M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1942.

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

Where the money goes

78 cents of each dollar spent went to programs.

78%

17%

Program services 78% · $57.8M Management & general 17% · $12.4M Fundraising 6% · $4.4M

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

Who runs it and what they're paid

50 people listed on the 990; $2.4M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII

Mark Roosevelt

President - Santa Fe

$339,144Pt VII · Sec A

Joseph Macfarland

Dean - Annapolis

$172,167Pt VII · Sec A

Benjamin Baum

VP of Enrollment

$170,000Pt VII · Sec A

Michael Duran

Treasurer - Santa Fe & CFO

$169,379Pt VII · Sec A

Kelly Brown

VP of Advancement - Annapolis

$158,861Pt VII · Sec A

Panayiotis Peter Kanelos

Former President - Annapolis

$150,919Pt VII · Sec A

Rima Ally Gontang-Highfield

Treasurer - Annapolis

$149,903Pt VII · Sec A

Scott Greatorex Executive

Director of Major Gifts

$144,320Pt VII · Sec A

Mark Roosevelt’s $338K as Former President - Santa Fe is at the 18th percentile of top reported officer pay among 674 $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
Mark Roosevelt	$337,723	$326,655	$327,540	$339,144	$293,027	$331,954
Nora Demleitner	$312,706	$310,040	$322,042	—	—	—
Panayiotis Peter Kanelos	—	—	—	$150,919	$264,931	$266,664
Rima Ally Gontang-Highfield	$178,500	$176,106	$149,633	$149,903	$135,908	$133,241
Michael Duran	—	—	—	$169,379	$176,989	$171,139
Kelly Brown	—	$106,545	$160,211	$158,861	$159,369	$176,584
Joseph Macfarland	—	—	$147,198	$172,167	$140,762	$142,994
Benjamin Baum	$170,500	$170,500	$170,250	$170,000	$144,142	$128,109

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 St John'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

Offers college and career training to help students succeed after high school.

Provided by the organization

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1 program service account for $57.8M of program spending, described in the organization's own filed words · FY2021.

01

Graduate & undergraduate course of study for approximately 900 students.

$57.8Mprogram 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

The Ayco Charitable FoundationFY2025$250K

Adele M Thomas Charitable Foundation INCFY2025$30K

Kevin and Suzanne Schon Foundation INCFY2025$5K

Robert Moody FoundationFY2025$2K

Total grants receivedfrom 4 funders$287K

See all 4 funders →

Grants paid · 36 grants · $92.1M · 2019–2024

Unitemized GrantFY2024$16,335,300

Unitemized GrantFY2024$1,453,589

Unitemized GrantFY2024$1,255,421

Unitemized GrantFY2024$214,371

Unitemized GrantFY2024$101,166

Unitemized GrantFY2024$2,000

Unitemized GrantFY2023$14,840,092

Unitemized GrantFY2023$1,166,415

Unitemized GrantFY2023$940,673

Unitemized GrantFY2023$212,971

Unitemized GrantFY2023$120,024

Unitemized GrantFY2023$6,000

Unitemized GrantFY2022$13,555,704

Unitemized GrantFY2022$1,064,322

Unitemized GrantFY2022$927,460

Unitemized GrantFY2022$314,399

Unitemized GrantFY2022$121,891

Unitemized GrantFY2022$6,148

See all 36 grants →

By the numbers

The FY2022 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$100.9M

Ln 12

Fees for servicesLn 2g$44.9M

Gifts and grantsLn 1h$32.2M

Investment incomeLn 3$23.7M

Money outPt IX

$74.5M

Ln 25

Programscol B$57.8M

Managementcol C$12.4M

Fundraisingcol D$4.4M

Owns and owesPt X

$322.9M

net assets · Ln 32

Cash and savingsLn 1–2$7.3M

Total assetsLn 16$377.1M

LiabilitiesLn 26$54.2M

PeoplePt VI, VII

50

listed · VII A

PaidVII A15

Voting boardVI 1a38

IndependentVI 1b34

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$32.2M

Government grantsLn 1e$5.5M

Noncash giftsLn 1g$1.6M

Fees for servicesLn 2g$44.9M

Investment incomeLn 3$23.7M

Other incomeLn 4–11$109K

Gains on assetsLn 7$12.7M

Total revenueLn 12$100.9M

Assets in detailPt X, end of year

CashLn 1$52K

SavingsLn 2$7.3M

Cash and savings togetherLn 1–2$7.3M

InvestmentsLn 11–13$207.0M

Land, buildings, equipmentLn 10c$94.0M

Other assetsLn 15$1.5M

Total assetsLn 16$377.1M

LiabilitiesLn 26$54.2M

Net assetsLn 32$322.9M

OperationsPt I, VI

EmployeesI 51,008

VolunteersI 6210

Fiscal year endsHeaderJune

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 FY22	End FY22
Cash and savingsLn 1–2	$10.8M	$7.3M
InvestmentsLn 11–13	$244.8M	$207.0M
Land, buildings, equipmentLn 10c	$88.6M	$94.0M
Total assetsLn 16	$405.6M	$377.1M
LiabilitiesLn 26	$58.7M	$54.2M
Net assetsLn 32	$346.9M	$322.9M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$15.3M	$15.3M
Grants and assistance to foreign recipientsLn 3	$3.3M	$3.3M
Pay of current officers, directors and key staffLn 5	$2.1M	$568K	$1.2M	$376K
Other salaries and wagesLn 7	$23.0M	$18.4M	$2.7M	$1.9M
Pension plan contributionsLn 8	$1.1M	$899K	$106K	$88K
Other employee benefitsLn 9	$4.0M	$2.5M	$1.3M	$244K
Payroll taxesLn 10	$1.6M	$1.3M	$244K	$119K
Legal feesLn 11b	$158K		$158K
Accounting feesLn 11c	$243K		$243K
Investment management feesLn 11f	$1.3M		$1.3M
Other fees for servicesLn 11g	$3.8M	$2.1M	$1.3M	$332K
Advertising and promotionLn 12	$708K	$131K	$883	$576K
Office expensesLn 13	$2.8M	$1.7M	$844K	$258K
Information technologyLn 14	$576K	$154K	$314K	$109K
OccupancyLn 16	$1.5M	$1.5M	$71K	$5K
TravelLn 17	$501K	$319K	$49K	$133K
Conferences, conventions and meetingsLn 19	$460K	$214K	$172K	$75K
Depreciation, depletion and amortizationLn 22	$4.1M	$3.9M	$198K	$19K
InsuranceLn 23	$546K	$2K	$498K	$45K
Other expenses (24a–d)Ln 24	$7.4M	$5.7M	$1.6M	$111K
Total functional expensesLn 25	$74.5M	$57.8M	$12.4M	$4.4M

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024	$132.0M	$82.6M	$49.4M	$440.7M	990 PDF
FY2023	$104.8M	$80.4M	$24.4M	$368.3M	990 PDF
FY2022 Viewing	$100.9M	$74.5M	$26.4M	$322.9M	990 PDF
FY2021	$68.5M	$64.8M	$3.7M	$346.9M	990 PDF
FY2020	$85.2M	$70.7M	$14.5M	$287.0M	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 FY2022 990 (4 parts)

Part VIII · Statement of revenue $100,932,482 across 9 lines filed

Lines not itemized here account for $121,716 of total revenue; see the IRS return.

VIII-1e Government grants$5,483,397

VIII-1f All other contributions, gifts and grants$26,712,166

VIII-1g Noncash contributions (included above)$1,551,891

VIII-1h Total contributions, gifts and grants$32,195,563

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $44,941,616$44,941,616

VIII-3 Investment incomeExcluded from tax $10,937,113$10,937,113

VIII-7 Net gain or loss on sales of assetsExcluded from tax $12,748,809$12,748,809

VIII-8 Net income from fundraising eventsExcluded from tax −$12,335−$12,335

VIII-12 Total revenueRelated to mission $45,063,332 · Unrelated business $0 · Excluded from tax $23,673,587$100,932,482

Part IX · Statement of functional expenses $74,490,426 across 20 lines filed

IX-2 Grants to domestic individualsPrograms $15,287,957$15,287,957

IX-3 Grants and assistance to foreign recipientsPrograms $3,256,324$3,256,324

IX-5 Pay of current officers, directors and key staffPrograms $568,332 · Management $1,177,223 · Fundraising $375,827$2,121,382

IX-7 Other salaries and wagesPrograms $18,357,445 · Management $2,736,969 · Fundraising $1,866,564$22,960,978

IX-8 Pension plan contributionsPrograms $898,990 · Management $106,169 · Fundraising $87,733$1,092,892

IX-9 Other employee benefitsPrograms $2,487,508 · Management $1,269,445 · Fundraising $243,632$4,000,585

IX-10 Payroll taxesPrograms $1,284,660 · Management $243,888 · Fundraising $118,900$1,647,448

IX-11b Legal feesManagement $158,493$158,493

IX-11c Accounting feesManagement $243,139$243,139

IX-11f Investment management feesManagement $1,328,129$1,328,129

IX-11g Other fees for servicesPrograms $2,122,008 · Management $1,343,626 · Fundraising $331,797$3,797,431

IX-12 Advertising and promotionPrograms $131,078 · Management $883 · Fundraising $576,156$708,117

IX-13 Office expensesPrograms $1,664,757 · Management $844,241 · Fundraising $257,857$2,766,855

IX-14 Information technologyPrograms $153,787 · Management $313,529 · Fundraising $108,789$576,105

IX-16 OccupancyPrograms $1,457,824 · Management $70,929 · Fundraising $5,140$1,533,893

IX-17 TravelPrograms $319,164 · Management $49,259 · Fundraising $132,573$500,996

IX-19 Conferences, conventions and meetingsPrograms $213,552 · Management $171,509 · Fundraising $74,708$459,769

IX-22 Depreciation, depletion and amortizationPrograms $3,891,815 · Management $197,928 · Fundraising $18,678$4,108,421

IX-23 InsurancePrograms $2,054 · Management $498,279 · Fundraising $45,187$545,520

IX-24 Other expenses (24a–d)Programs $5,683,698 · Management $1,601,592 · Fundraising $110,702$7,395,992

IX-25 Total functional expensesPrograms $57,780,953 · Management $12,355,230 · Fundraising $4,354,243$74,490,426

Part X · Balance sheet $377,084,479 assets, 21 lines filed

Asset lines not itemized here account for $3,754,655; see the IRS return.

X-1 Cash, non-interest-bearingStart of year $42,978$52,421

X-2 Savings and temporary cash investmentsStart of year $10,708,836$7,266,951

X-3 Pledges and grants receivableStart of year $54,824,979$62,044,028

X-4 Accounts receivableStart of year $184,687$228,340

X-8 Inventories for sale or useStart of year $371,242$341,934

X-9 Prepaid expenses and deferred chargesStart of year $431,901$827,242

X-10c Land, buildings and equipment, netStart of year $88,579,040$94,046,740

X-11 Publicly traded securitiesStart of year $57,879,159$68,187,491

X-12 Other securitiesStart of year $186,891,677$138,827,772

X-15 Other assetsStart of year $1,428,042$1,506,905

X-16 Total assetsStart of year $405,625,235$377,084,479

X-17 Accounts payable and accrued expensesStart of year $25,209,510$21,510,020

X-18 Grants payableStart of year $394,506$246,699

X-19 Deferred revenueStart of year $1,720,704$1,952,348

X-20 Tax-exempt bond liabilitiesStart of year $31,003,088$30,128,786

X-25 Other liabilitiesStart of year $370,024$373,730

X-26 Total liabilitiesStart of year $58,697,832$54,211,583

X-27 Net assets without donor restrictionsStart of year $43,481,644$44,480,968

X-28 Net assets with donor restrictionsStart of year $303,445,759$278,391,928

X-32 Total net assets or fund balancesStart of year $346,927,403$322,872,896

X-33 Total liabilities and net assetsStart of year $405,625,235$377,084,479

Part XI · Reconciliation of net assets $322,872,896 net assets at year end

XI-1 Total revenue$100,932,482

XI-2 Total expenses$74,490,426

XI-3 Revenue less expenses$26,442,056

XI-4 Net assets at start of year$346,927,403

XI-5 Net unrealized gains (losses) on investments−$53,386,017

XI-9 Other changes in net assets$2,889,454

XI-10 Net assets at end of year$322,872,896

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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St John's College FY2022 filing

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