Thomas Aquinas College: FY2020 Nonprofit Profile & Form 990 (EIN 94-1698615)

Revenue by fiscal year
FY2020	$24.7M
FY2021	$42.3M
FY2022	$36.8M
FY2023	$36.1M
FY2024	$37.2M
FY2025	$39.1M

Expenses by fiscal year
FY2020	$28.8M
FY2021	$32.4M
FY2022	$37.7M
FY2023	$40.7M
FY2024	$41.1M
FY2025	$42.6M

Net assets by fiscal year
FY2020	$119.6M
FY2021	$133.5M
FY2022	$126.7M
FY2023	$125.4M
FY2024	$124.1M
FY2025	$123.0M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1969.

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

Where the money goes

81 cents of each dollar spent went to programs.

81%

15%

Program services 81% · $23.4M Management & general 15% · $4.2M Fundraising 4% · $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

32 people listed on the 990; $1.5M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII

Paul O'Reilly

Board Member, Vice President for Development

$139,773Pt VII · Sec A

Jesse John Baer

Tutor

$137,441Pt VII · Sec A

John Goyette

Board Member, Dean

$136,385Pt VII · Sec A

Greg Becher

Director of Financial Aid

$130,459Pt VII · Sec A

Thomas S Susanka

Director of Gift Planning

$127,240Pt VII · Sec A

Jon Daly

Director of Admissions

$125,429Pt VII · Sec A

Brian Dragoo

Tutor

$125,036Pt VII · Sec A

Brian T Kelly

Board Member, Secretary

$124,860Pt VII · Sec A

Jesse John Baer’s $166K as Tutor is at the 23rd 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	FY2023	FY2022	FY2021	FY2020
Jesse John Baer	$166,324	$154,748	$153,188	$142,039	$137,441
Jon Daly	$163,118	$150,438	$142,596	$133,399	$125,429
Christopher Weinkopf	$160,874	$147,197	$139,587	—	—
Mark Kretschmer	$151,332	—	—	—	—
Paul O'Reilly	$150,155	$144,508	$144,286	$139,292	$139,773
Gregory Becher	$147,164	—	—	—	—
John Goyette	$146,531	$143,940	$144,460	$138,212	$136,385
Michael J Letteney	$145,214	—	—	—	—

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.

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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 15aNo

Programs and updates

Provides educational activities for post-secondary students.

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Provided by the organization

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1 program · $23.4M · in their own filed words · FY2019

01

Educational activities

$23.4Mprogram 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

Burke-Keating Family FundFY2025$9K

Associates of St John Bosco INCFY2025$8K

Martha and Kenneth Revoir Scholarship TrustFY2025$6K

Folds of Honor FoundationFY2025$6K

The Tito and Sandra Tiberti FoundationFY2025$5K

Total grants receivedfrom 5 funders$33K

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Grants paid · 2 grants · $9.1M · 2022–2024

Unitemized GrantFY2024$5,130,819

Unitemized GrantFY2022$3,970,829

By the numbers

The FY2020 990, line by line.

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from philanthropy.org

1The main four

Money inPt VIII

$24.7M

Ln 12

Fees for servicesLn 2g$14.2M

Gifts and grantsLn 1h$9.2M

Investment incomeLn 3$917K

Money outPt IX

$28.8M

Ln 25

Programscol B$23.4M

Managementcol C$4.2M

Fundraisingcol D$1.1M

Owns and owesPt X

$119.6M

net assets · Ln 32

Cash and savingsLn 1–2$5.6M

Total assetsLn 16$136.6M

LiabilitiesLn 26$17.1M

PeoplePt VI, VII

32

listed · VII A

PaidVII A13

Voting boardVI 1a27

IndependentVI 1b18

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$9.2M

Government grantsLn 1e$177K

Noncash giftsLn 1g$3.2M

Fees for servicesLn 2g$14.2M

Investment incomeLn 3$917K

Other incomeLn 4–11$373K

Gains on assetsLn 7$330K

Total revenueLn 12$24.7M

Assets in detailPt X, end of year

CashLn 1$256K

SavingsLn 2$5.3M

Cash and savings togetherLn 1–2$5.6M

InvestmentsLn 11–13$37.2M

Land, buildings, equipmentLn 10c$84.8M

Other assetsLn 15$3.4M

Total assetsLn 16$136.6M

LiabilitiesLn 26$17.1M

Net assetsLn 32$119.6M

OperationsPt I, VI

EmployeesI 5777

VolunteersI 60

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 FY20	End FY20
Cash and savingsLn 1–2	$4.5M	$5.6M
InvestmentsLn 11–13	$36.7M	$37.2M
Land, buildings, equipmentLn 10c	$82.6M	$84.8M
Total assetsLn 16	$138.5M	$136.6M
LiabilitiesLn 26	$14.2M	$17.1M
Net assetsLn 32	$124.3M	$119.6M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$2.6M	$2.6M
Pay of current officers, directors and key staffLn 5	$338K	$164K	$134K	$39K
Other salaries and wagesLn 7	$10.6M	$8.6M	$1.6M	$369K
Pension plan contributionsLn 8	$340K	$265K	$54K	$20K
Other employee benefitsLn 9	$2.2M	$1.7M	$477K	$41K
Payroll taxesLn 10	$786K	$627K	$128K	$31K
Legal feesLn 11b	$117K	$20K	$60K	$38K
Accounting feesLn 11c	$52K	$10K	$42K
Professional fundraising feesLn 11e	$86K			$86K
Investment management feesLn 11f	$92K		$92K
Other fees for servicesLn 11g	$1.1M	$750K	$289K	$53K
Advertising and promotionLn 12	$140K	$106K		$33K
Office expensesLn 13	$601K	$352K	$115K	$134K
Information technologyLn 14	$72K	$27K		$45K
OccupancyLn 16	$2.3M	$2.0M	$206K	$19K
TravelLn 17	$179K	$75K	$13K	$90K
Conferences, conventions and meetingsLn 19	$63K	$60K		$2K
InterestLn 20	$473K	$425K	$47K
Depreciation, depletion and amortizationLn 22	$3.1M	$2.8M	$313K
InsuranceLn 23	$561K	$474K	$87K
Other expenses (24a–d)Ln 24	$2.9M	$2.3M	$574K	$77K
All other expensesLn 24e	$81K	$57K	$13K	$11K
Total functional expensesLn 25	$28.8M	$23.4M	$4.2M	$1.1M

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$39.1M	$42.6M	−$3.5M	$123.0M	990 PDF
FY2024	$37.2M	$41.1M	−$3.9M	$124.1M	990 PDF
FY2023	$36.1M	$40.7M	−$4.6M	$125.4M	990 PDF
FY2022	$36.8M	$37.7M	−$922K	$126.7M	990 PDF
FY2021	$42.3M	$32.4M	$9.9M	$133.5M	990 PDF
FY2020 Viewing	$24.7M	$28.8M	−$4.1M	$119.6M	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 FY2020 990 (6 parts)

Part I · Summary $24,709,172 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $14,548,155$9,228,011

I-9 Program service revenuePrior year $13,319,371$14,191,706

I-10 Investment incomePrior year $731,162$916,538

I-11 Other revenuePrior year $408,450$372,917

I-12 Total revenuePrior year $29,007,138$24,709,172

I-13 Grants and similar amounts paidPrior year $2,575,511$2,588,195

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

I-15 Salaries and benefitsPrior year $12,765,110$14,260,510

I-16a Professional fundraising feesPrior year $167,000$86,225

I-17 Other expensesPrior year $9,907,392$11,826,075

I-18 Total expensesPrior year $25,415,013$28,761,005

I-19 Revenue less expensesPrior year $3,592,125−$4,051,833

Part VI · Governance 18 of 27 board members independent, 1 to look at

VI-1a Voting members of the governing body27

VI-1b Independent voting members18

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

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $24,709,172 across 11 lines filed

Lines not itemized here account for −$8,750 of total revenue; see the IRS return.

VIII-1e Government grants$177,436

VIII-1f All other contributions, gifts and grants$9,050,575

VIII-1g Noncash contributions (included above)$3,169,740

VIII-1h Total contributions, gifts and grants$9,228,011

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $14,191,706$14,191,706

VIII-3 Investment incomeExcluded from tax $586,865$586,865

VIII-5 RoyaltiesUnrelated business $3,638 · Excluded from tax $163,245$166,883

VIII-6 Net rental income or lossExcluded from tax $198,365$198,365

VIII-7 Net gain or loss on sales of assetsExcluded from tax $329,673$329,673

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $16,419$16,419

VIII-12 Total revenueRelated to mission $14,177,793 · Unrelated business $3,638 · Excluded from tax $1,299,730$24,709,172

Part IX · Statement of functional expenses $28,761,005 across 22 lines filed

IX-2 Grants to domestic individualsPrograms $2,588,195$2,588,195

IX-5 Pay of current officers, directors and key staffPrograms $164,432 · Management $133,936 · Fundraising $39,493$337,861

IX-7 Other salaries and wagesPrograms $8,620,335 · Management $1,595,587 · Fundraising $368,641$10,584,563

IX-8 Pension plan contributionsPrograms $264,850 · Management $54,294 · Fundraising $20,407$339,551

IX-9 Other employee benefitsPrograms $1,694,562 · Management $477,441 · Fundraising $40,813$2,212,816

IX-10 Payroll taxesPrograms $626,699 · Management $127,798 · Fundraising $31,222$785,719

IX-11b Legal feesPrograms $19,889 · Management $59,666 · Fundraising $37,932$117,487

IX-11c Accounting feesPrograms $9,667 · Management $42,398$52,065

IX-11e Professional fundraising feesFundraising $86,225$86,225

IX-11f Investment management feesManagement $92,401$92,401

IX-11g Other fees for servicesPrograms $749,739 · Management $288,890 · Fundraising $53,228$1,091,857

IX-12 Advertising and promotionPrograms $106,323 · Fundraising $33,183$139,506

IX-13 Office expensesPrograms $351,614 · Management $115,053 · Fundraising $134,158$600,825

IX-14 Information technologyPrograms $26,652 · Fundraising $45,314$71,966

IX-16 OccupancyPrograms $2,026,620 · Management $205,704 · Fundraising $19,476$2,251,800

IX-17 TravelPrograms $74,617 · Management $13,438 · Fundraising $90,475$178,530

IX-19 Conferences, conventions and meetingsPrograms $60,341 · Fundraising $2,258$62,599

IX-20 InterestPrograms $425,441 · Management $47,271$472,712

IX-22 Depreciation, depletion and amortizationPrograms $2,835,736 · Management $313,088$3,148,824

IX-23 InsurancePrograms $473,801 · Management $86,976$560,777

IX-24 Other expenses (24a–d)Programs $2,252,935 · Management $573,896 · Fundraising $76,551$2,903,382

IX-24e All other expensesPrograms $56,969 · Management $13,274 · Fundraising $11,101$81,344

IX-25 Total functional expensesPrograms $23,429,417 · Management $4,241,111 · Fundraising $1,090,477$28,761,005

Part X · Balance sheet $136,623,649 assets, 19 lines filed

Asset lines not itemized here account for $288,754; see the IRS return.

X-1 Cash, non-interest-bearingStart of year $859,549$255,930

X-2 Savings and temporary cash investmentsStart of year $3,675,925$5,328,861

X-3 Pledges and grants receivableStart of year $11,322,552$4,122,812

X-4 Accounts receivableStart of year $265,690$401,524

X-8 Inventories for sale or useStart of year $69,356$47,961

X-9 Prepaid expenses and deferred chargesStart of year $225,674$819,367

X-10c Land, buildings and equipment, netStart of year $82,621,037$84,780,158

X-11 Publicly traded securitiesStart of year $35,304,203$35,872,109

X-12 Other securitiesStart of year $1,357,925$1,333,895

X-15 Other assetsStart of year $2,528,849$3,372,278

X-16 Total assetsStart of year $138,498,095$136,623,649

X-17 Accounts payable and accrued expensesStart of year $1,336,788$1,534,485

X-19 Deferred revenueStart of year $773,442$696,562

X-25 Other liabilitiesStart of year $1,803,953$1,800,618

X-26 Total liabilitiesStart of year $14,215,271$17,058,063

X-27 Net assets without donor restrictionsStart of year $81,292,739$79,057,413

X-28 Net assets with donor restrictionsStart of year $42,990,085$40,508,173

X-32 Total net assets or fund balancesStart of year $124,282,824$119,565,586

X-33 Total liabilities and net assetsStart of year $138,498,095$136,623,649

Part XI · Reconciliation of net assets $119,565,586 net assets at year end

XI-1 Total revenue$24,709,172

XI-2 Total expenses$28,761,005

XI-3 Revenue less expenses−$4,051,833

XI-4 Net assets at start of year$124,282,824

XI-5 Net unrealized gains (losses) on investments−$665,411

XI-9 Other changes in net assets$6

XI-10 Net assets at end of year$119,565,586

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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Thomas Aquinas College FY2020 filing

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