Thomas Aquinas College: FY2023 Nonprofit Profile & Form 990 (EIN 94-1698615)

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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1 program · $34.8M · in their own filed words · FY2022

01

Educational activities

$34.8Mprogram 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

See all 5 funders →

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

Unitemized GrantFY2024$5,130,819

Unitemized GrantFY2022$3,970,829

By the numbers

The FY2023 990, line by line.

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1The main four

Money inPt VIII

$36.1M

Ln 12

Fees for servicesLn 2g$18.6M

Gifts and grantsLn 1h$16.1M

Investment incomeLn 3$697K

Money outPt IX

$40.7M

Ln 25

Programscol B$34.8M

Managementcol C$4.8M

Fundraisingcol D$1.1M

Owns and owesPt X

$125.4M

net assets · Ln 32

Cash and savingsLn 1–2$1.5M

Total assetsLn 16$144.9M

LiabilitiesLn 26$19.5M

PeoplePt VI, VII

30

listed · VII A

PaidVII A11

Voting boardVI 1a26

IndependentVI 1b17

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$16.1M

Noncash giftsLn 1g$8.6M

Fees for servicesLn 2g$18.6M

Investment incomeLn 3$697K

Other incomeLn 4–11$684K

Gains on assetsLn 7$42K

Total revenueLn 12$36.1M

Assets in detailPt X, end of year

CashLn 1$328K

SavingsLn 2$1.2M

Cash and savings togetherLn 1–2$1.5M

InvestmentsLn 11–13$34.8M

Land, buildings, equipmentLn 10c$95.5M

Other assetsLn 15$2.4M

Total assetsLn 16$144.9M

LiabilitiesLn 26$19.5M

Net assetsLn 32$125.4M

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 FY23	End FY23
Cash and savingsLn 1–2	$4.4M	$1.5M
InvestmentsLn 11–13	$33.2M	$34.8M
Land, buildings, equipmentLn 10c	$95.7M	$95.5M
Total assetsLn 16	$141.7M	$144.9M
LiabilitiesLn 26	$14.9M	$19.5M
Net assetsLn 32	$126.7M	$125.4M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$4.0M	$4.0M
Pay of current officers, directors and key staffLn 5	$415K	$182K	$181K	$52K
Other salaries and wagesLn 7	$15.2M	$12.5M	$2.4M	$346K
Pension plan contributionsLn 8	$544K	$401K	$123K	$20K
Other employee benefitsLn 9	$3.1M	$2.7M	$277K	$38K
Payroll taxesLn 10	$1.1M	$866K	$187K	$32K
Legal feesLn 11b	$107K	$26K	$78K	$2K
Accounting feesLn 11c	$69K	$10K	$59K
Professional fundraising feesLn 11e	$49K			$49K
Other fees for servicesLn 11g	$2.5M	$2.1M	$314K	$75K
Advertising and promotionLn 12	$130K	$116K		$13K
Office expensesLn 13	$886K	$495K	$239K	$153K
Information technologyLn 14	$133K	$38K		$95K
OccupancyLn 16	$2.2M	$2.1M	$128K	$25K
TravelLn 17	$339K	$205K	$43K	$91K
Conferences, conventions and meetingsLn 19	$109K	$104K		$5K
InterestLn 20	$404K	$377K	$27K
Depreciation, depletion and amortizationLn 22	$3.9M	$3.6M	$297K
InsuranceLn 23	$1.8M	$1.6M	$214K
Other expenses (24a–d)Ln 24	$3.7M	$3.3M	$297K	$93K
All other expensesLn 24e	$74K	$59K	$4K	$11K
Total functional expensesLn 25	$40.7M	$34.8M	$4.8M	$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 Viewing	$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	$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 FY2023 990 (6 parts)

Part I · Summary $36,069,234 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $18,061,601$16,063,696

I-9 Program service revenuePrior year $17,494,354$18,623,983

I-10 Investment incomePrior year $582,527$697,094

I-11 Other revenuePrior year $641,468$684,461

I-12 Total revenuePrior year $36,779,950$36,069,234

I-13 Grants and similar amounts paidPrior year $3,062,258$3,970,829

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

I-15 Salaries and benefitsPrior year $19,408,837$20,319,232

I-16a Professional fundraising feesPrior year $117,541$49,403

I-17 Other expensesPrior year $15,113,075$16,365,764

I-18 Total expensesPrior year $37,701,711$40,705,228

I-19 Revenue less expensesPrior year −$921,761−$4,635,994

Part VI · Governance 17 of 26 board members independent, 1 to look at

VI-1a Voting members of the governing body26

VI-1b Independent voting members17

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 $36,069,234 across 10 lines filed

Lines not itemized here account for $219,083 of total revenue; see the IRS return.

VIII-1f All other contributions, gifts and grants$16,063,696

VIII-1g Noncash contributions (included above)$8,579,072

VIII-1h Total contributions, gifts and grants$16,063,696

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $18,623,983$18,623,983

VIII-3 Investment incomeExcluded from tax $655,162$655,162

VIII-5 RoyaltiesUnrelated business $5,915 · Excluded from tax $244,430$250,345

VIII-6 Net rental income or lossExcluded from tax $197,520$197,520

VIII-7 Net gain or loss on sales of assetsExcluded from tax $41,932$41,932

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $17,513$17,513

VIII-12 Total revenueRelated to mission $18,813,272 · Unrelated business $5,915 · Excluded from tax $1,186,351$36,069,234

Part IX · Statement of functional expenses $40,705,228 across 21 lines filed

IX-2 Grants to domestic individualsPrograms $3,970,829$3,970,829

IX-5 Pay of current officers, directors and key staffPrograms $182,257 · Management $180,715 · Fundraising $51,666$414,638

IX-7 Other salaries and wagesPrograms $12,499,119 · Management $2,375,904 · Fundraising $345,897$15,220,920

IX-8 Pension plan contributionsPrograms $401,365 · Management $122,742 · Fundraising $19,892$543,999

IX-9 Other employee benefitsPrograms $2,739,413 · Management $277,090 · Fundraising $38,173$3,054,676

IX-10 Payroll taxesPrograms $866,046 · Management $186,879 · Fundraising $32,074$1,084,999

IX-11b Legal feesPrograms $26,036 · Management $78,107 · Fundraising $2,398$106,541

IX-11c Accounting feesPrograms $9,637 · Management $59,363$69,000

IX-11e Professional fundraising feesFundraising $49,403$49,403

IX-11g Other fees for servicesPrograms $2,102,022 · Management $313,877 · Fundraising $75,496$2,491,395

IX-12 Advertising and promotionPrograms $116,342 · Fundraising $13,277$129,619

IX-13 Office expensesPrograms $494,936 · Management $238,603 · Fundraising $152,887$886,426

IX-14 Information technologyPrograms $38,183 · Fundraising $94,882$133,065

IX-16 OccupancyPrograms $2,084,755 · Management $128,078 · Fundraising $24,955$2,237,788

IX-17 TravelPrograms $204,870 · Management $42,636 · Fundraising $91,295$338,801

IX-19 Conferences, conventions and meetingsPrograms $104,130 · Fundraising $5,191$109,321

IX-20 InterestPrograms $377,153 · Management $26,854$404,007

IX-22 Depreciation, depletion and amortizationPrograms $3,637,539 · Management $297,267$3,934,806

IX-23 InsurancePrograms $1,580,601 · Management $213,756$1,794,357

IX-24 Other expenses (24a–d)Programs $3,266,473 · Management $297,127 · Fundraising $93,391$3,656,991

IX-24e All other expensesPrograms $59,078 · Management $3,669 · Fundraising $10,900$73,647

IX-25 Total functional expensesPrograms $34,760,784 · Management $4,842,667 · Fundraising $1,101,777$40,705,228

Part X · Balance sheet $144,911,282 assets, 19 lines filed

Asset lines not itemized here account for $402,370; see the IRS return.

X-1 Cash, non-interest-bearingStart of year $611,424$328,435

X-2 Savings and temporary cash investmentsStart of year $3,830,539$1,171,582

X-3 Pledges and grants receivableStart of year $3,123,152$8,933,842

X-4 Accounts receivableStart of year $437,172$565,407

X-8 Inventories for sale or useStart of year $95,880$230,114

X-9 Prepaid expenses and deferred chargesStart of year $1,458,949$610,342

X-10c Land, buildings and equipment, netStart of year $95,696,474$95,493,119

X-11 Publicly traded securitiesStart of year $32,098,603$34,513,721

X-12 Other securitiesStart of year $1,083,430$300,931

X-15 Other assetsStart of year $2,869,885$2,361,419

X-16 Total assetsStart of year $141,655,485$144,911,282

X-17 Accounts payable and accrued expensesStart of year $3,014,659$2,020,442

X-19 Deferred revenueStart of year $1,413,826$1,249,605

X-25 Other liabilitiesStart of year $1,891,722$1,173,063

X-26 Total liabilitiesStart of year $14,920,207$19,543,110

X-27 Net assets without donor restrictionsStart of year $94,091,818$90,474,827

X-28 Net assets with donor restrictionsStart of year $32,643,460$34,893,345

X-32 Total net assets or fund balancesStart of year $126,735,278$125,368,172

X-33 Total liabilities and net assetsStart of year $141,655,485$144,911,282

Part XI · Reconciliation of net assets $125,368,172 net assets at year end

XI-1 Total revenue$36,069,234

XI-2 Total expenses$40,705,228

XI-3 Revenue less expenses−$4,635,994

XI-4 Net assets at start of year$126,735,278

XI-5 Net unrealized gains (losses) on investments$3,268,889

XI-9 Other changes in net assets−$1

XI-10 Net assets at end of year$125,368,172

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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Thomas Aquinas College FY2023 filing

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