LABOURE COLLEGE OF HEALTHCARE INC Charity Report

Public IRS 990 nonprofit record

LABOURE COLLEGE OF HEALTHCARE INC

EIN 04-2134818 · Two-Year Colleges (B41)

What they do

LABOURE COLLEGE PROVIDES HIGH-QUALITY EDUCATION and PREPARES WOMEN and MEN for CAREERS IN NURSING and ALLIED HEALTH FIELDS. INHERENT IN THE CATHOLIC IDENTITY of THE COLLEGE and OUR EDUCATIONAL MISSION is A COMMITMENT to JUDAEO-CHRISTIAN PRINCIPLES WHICH INFLUENCE THE ACADEMIC CURRICULA and THE COLLEGE ENVIRONMENT. CONSISTENT WITH THESE PRINCIPLES, THE COLLEGE SEEKS to GIVE OPPORTUNITIES to A DIVERSE POPULATION of STUDENTS to CONTINUE THEIR EDUCATION AS MATURE ADULTS and RESPONSIBLE WORLD CITIZENS.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $70.60 was reported for mission work. Use the spending picture below and ask what results that work produced.

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 checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

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

They name their leaders25 people are listed in the latest report.

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

Money made simple

107.06%of revenue went to mission work70.6% of expenses · Program services

5.00%of revenue went to fundraising3.3% of expenses

$151.63spent for every $100 of revenueSpending was higher than revenue this year.

39.57%of revenue went to management and office costs26.1% of expenses

$1.96in assets for every $1 spent this yearSome assets cannot be spent right away.

4.7%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 $6,120,332 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $471,174 for LILY S HSU EDD (PRESIDENT). 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 2024

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$11,854,181

Mission workProgram services$12,690,511107.06% of revenue70.6% of expenses

ManagementOffice and general costs$4,691,08339.57% of revenue26.1% of expenses

FundraisingAsking for donations$592,9195.00% of revenue3.3% of expenses

Total expenses$17,974,513151.63% 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

2024CurrentExpense mix: 70.6% mission · 26.1% management · 3.3% fundraisingTotal expenses: 151.63% of revenue

2023Expense mix: 75.6% mission · 21.7% management · 2.8% fundraisingTotal expenses: 139.91% of revenue

2022Expense mix: 79.5% mission · 18.7% management · 1.8% fundraisingTotal expenses: 98.90% of revenue

2021Expense mix: 83.0% mission · 15.4% management · 1.6% fundraisingTotal expenses: 87.35% of revenue

2020Expense mix: 80.6% mission · 18.6% management · 0.8% fundraisingTotal expenses: 69.47% of revenue

2019Expense mix: 82.8% mission · 16.0% management · 1.2% fundraisingTotal expenses: 74.46% of revenue

2018Expense mix: 77.7% mission · 21.2% management · 1.2% fundraisingTotal expenses: 88.85% of revenue

2017Expense mix: 61.0% mission · 38.0% management · 1.0% fundraisingTotal expenses: 91.74% of revenue

Money in and money out

Revenue$11,854,181

Expenses$17,974,513

Annual shortfall $6,120,332 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)$12,690,511 · 70.6% of expenses

Management and office costs$4,691,083 · 26.1% of expenses

Fundraising$592,919 · 3.3% of expenses

See all reported dollar amounts

Revenue$11,854,181

Expenses$17,974,513

Assets$35,164,874

Income$12,109,253

Contributions$557,746

Mission work (program services)$12,690,511

Fundraising$592,919

Management and general$4,691,083

Executive compensation (total)$946,502

Stocks and bonds$12,458,562

Accounting fees$125,981

Investing fees$55,520

People

Leadership and board

Tax year 2024

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

People reported as paid

Person and titleCompensation

LILY S HSU EDDPRESIDENT · 40 hrs/week $471,174Base $445,143 · Other $26,031

WILLIAM MCDONALDVP OF FINANCE AND ADMINISTRATION · 40 hrs/week $274,690Base $252,853 · Other $21,837

KATELYN DWYER EXEC DIRECTOROF COMMUNICATIONS & DEVELOPMENT · 40 hrs/week $229,697Base $197,966 · Other $31,731

EILLEEN COSTELLODEAN OF NURSING · 40 hrs/week $197,154Base $184,219 · Other $12,935

WAYNE PETERSONDIRECTOR OF INFORMATION TECHNOLOGY · 40 hrs/week $182,228Base $174,997 · Other $7,231

JACQUELYN POLITONDT DEPARTMENT CHAIR (UNTIL 7/1/24) · 40 hrs/week $178,299Base $165,929 · Other $12,370

NANCY MCDONALDASSISTANT PROFESSOR · 40 hrs/week $167,257Base $155,241 · Other $12,016

JO ANNE FOLEYASSOCIATE PROFESSOR · 40 hrs/week $162,445Base $159,181 · Other $3,264

JEREMY SHEPARD VP STUDENTAFFAIRS & CHIEF STUDENT OFFICER · 40 hrs/week $148,477Base $144,519 · Other $3,958

JEREMY SPENCER FORMER VP OFACADEMIC & STUDENT AFFAIRS $110,177Base $105,343 · Other $4,834

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 (25)

LILY S HSU EDDPRESIDENT

WILLIAM MCDONALDVP OF FINANCE AND ADMINISTRATION

KATELYN DWYER EXEC DIRECTOROF COMMUNICATIONS & DEVELOPMENT

EILLEEN COSTELLODEAN OF NURSING

WAYNE PETERSONDIRECTOR OF INFORMATION TECHNOLOGY

JACQUELYN POLITONDT DEPARTMENT CHAIR (UNTIL 7/1/24)

NANCY MCDONALDASSISTANT PROFESSOR

JO ANNE FOLEYASSOCIATE PROFESSOR

JEREMY SHEPARD VP STUDENTAFFAIRS & CHIEF STUDENT OFFICER

JEREMY SPENCER FORMER VP OFACADEMIC & STUDENT AFFAIRS

JOSEPH RIZZOCHAIR

WATURA FINLEYSECRETARY

THERESE FITZGERALDDIRECTOR

ROBERTA COENVICE CHAIR

ROBERT DIMASEDIRECTOR

MARY ANNE LAGANDIRECTOR (UNTIL 5/23/25)

KIM BASSETTDIRECTOR

JOSHUA B SIEGELTREASURER

BILL MCGINLEYDIRECTOR

JEANNE KELLYDIRECTOR

JEAN YANGDIRECTOR (UNTIL 10/24/24)

GEORGE GEARYDIRECTOR

FR ERIC CADINDIRECTOR

DEIRDRE HOUTMEYERSDIRECTOR

DEBRA FARRAR-PARKMANDIRECTOR

About this charity

Recognized since: January 1946
Location: 303 ADAMS ST, MILTON, MA 02186-4253
County: Norfolk
In care of: DR LILY HSU
Primary officer: DR LILY HSU, PRESIDENT

How to reach them

WebsiteVisit the charity’s website Phone(617) 322-3500

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: RSM US LLP
NTEE classification: Two-Year Colleges (B41)
IRS tax category: Two-Year Colleges