COLLEGE OF ST JOSEPH Charity Report

Tax-exempt status may be revoked

COLLEGE OF ST JOSEPH

EIN 03-0213180

What they do

The College of St. Joseph is A Private, Non-profit, Independent Catholic College Governed By An Independent Board of Trustees. The College Offers Associate, Bachelor, and Master Degrees to Full and Part-time Students. The College is Accredited By The New England Association of Schools and Colleges, Inc. and is Approved Through State Exemption to Operate In Vermont. The College is Certified By The United States Government to Participate and Receive Aid Through The Federal Title IV Programs.

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This record may have an IRS status problem. Do not give until you verify it.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkThere may be a problem with its nonprofit status. Check before giving.

Money report from 2016The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders22 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

97.32%of revenue went to mission work68.2% of expenses · Program services

1.72%of revenue went to fundraising1.2% of expenses

$142.75spent for every $100 of revenueSpending was higher than revenue this year.

43.71%of revenue went to management and office costs30.6% of expenses

$0.93in assets for every $1 spent this yearSome assets cannot be spent right away.

11.8%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $3,500,087 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $111,484 for RICHARD B LLOYD (PRESIDENT & CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2016

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$8,187,262

Mission workProgram services$7,968,07897.32% of revenue68.2% of expenses

ManagementOffice and general costs$3,578,50243.71% of revenue30.6% of expenses

FundraisingAsking for donations$140,7691.72% of revenue1.2% of expenses

Total expenses$11,687,349142.75% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2016CurrentExpense mix: 68.2% mission · 30.6% management · 1.2% fundraisingTotal expenses: 142.75% of revenue

2015Expense mix: 82.3% mission · 16.2% management · 1.4% fundraisingTotal expenses: 134.11% of revenue

Money in and money out

Revenue$8,187,262

Expenses$11,687,349

Annual shortfall $3,500,087 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$7,968,078 · 68.2% of expenses

Management and office costs$3,578,502 · 30.6% of expenses

Fundraising$140,769 · 1.2% of expenses

See all reported dollar amounts

Revenue$8,187,262

Expenses$11,687,349

Assets$10,833,548

Contributions$968,317

Mission work (program services)$7,968,078

Fundraising$140,769

Management and general$3,578,502

Stocks and bonds$1,674,809

Accounting fees$21,050

People

Leadership and board

Tax year 2016

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

RICHARD B LLOYDPRESIDENT & CEO · 40 hrs/week $111,484Base $97,325 · Other $14,159

KRISTIE JOHNSONVP OF BUSINESS · 40 hrs/week $82,849Base $75,618 · Other $7,231

LAWRENCE G JENSENPRESIDENT & CEO · 40 hrs/week $74,250

KAREN REYNOLDSBUSINESS MGR · 40 hrs/week $58,219Base $46,273 · Other $11,946

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (22)

RICHARD B LLOYDPRESIDENT & CEO

KRISTIE JOHNSONVP OF BUSINESS

LAWRENCE G JENSENPRESIDENT & CEO

KAREN REYNOLDSBUSINESS MGR

WAYNE WILMANSTRUSTEE

SHIRLEY A DAVIS SSJTRUSTEE

THOMAS M DOWLINGTRUSTEE

RICHARD A LOUTZENHEISERTRUSTEE

PATRICIA A CUDDYTRUSTEE

NORMAN LASHTRUSTEE

MAUREEN SHEEHANTRUSTEE

MARY WASSERMANTRUSTEE

MARK B OSKAMTRUSTEE

JOHN FACEYTRUSTEE

JIM REDDYCHAIR

JAMES B STEWARTTRUSTEE

EDWIN D JOHNSONTRUSTEE

DAVID ST GERMAINFACULTY TRUSTEE

DAN DIBATTISTATRUSTEE

CAROL HEBERT SSJTRUSTEE

BARBARA W BEGINVICE CHAIR

B MICHAEL CALOTTATRUSTEE

About this charity

Location: 71 CLEMENT ROAD, RUTLAND, VT 05701
County: Rutland
In care of: TERESA PERRY
Primary officer: TERESA PERRY, Controller

How to reach them

WebsiteVisit the charity’s website Phone(802) 773-5900

Filing and classification

Latest tax year: 2016
Tax period began: July 1, 2016
Return type: 990
Tax preparer: OBRIEN SHORTLE REYNOLDS & SABOTKA PC
Revocation date: May 15, 2021