SILVER LAKE COLLEGE OF THE HOLY FAMILY INC Charity Report

Tax-exempt status may be revoked

SILVER LAKE COLLEGE OF THE HOLY FAMILY INC

EIN 39-0980974 · Universities (B43)

What they do

SILVER LAKE COLLEGE is A DYNAMIC LEARNING COMMUNITY THAT EMPOWERS STUDENTS THROUGH A QUALITY LIBERAL ARTS EDUCATION, INTEGRATED WITH PROFESSIONAL PREPARATION, OFFERED IN AN ENVIRONMENT of MUTUAL RESPECT and CONCERN for PERSONS, BASED ON THE PRINCIPALS and TRUTHS of THE FRANCISCAN CATHOLIC TRADITION.

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Easy charity check

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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 2018The 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 leaders24 people are listed in the latest report.

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

Money made simple

53.12%of revenue went to mission work67.1% of expenses · Program services

2.57%of revenue went to fundraising3.2% of expenses

$79.17spent for every $100 of revenueRevenue covered expenses this year.

23.48%of revenue went to management and office costs29.7% of expenses

$1.82in assets for every $1 spent this yearSome assets cannot be spent right away.

47.5%of its money came from giftsOther money may come from services or investments.

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Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $380,572 for SANDRA ISSELMANN (VP HUMAN RESOURCES - FORMER). 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 2018

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$17,015,310

Mission workProgram services$9,039,16053.12% of revenue67.1% of expenses

ManagementOffice and general costs$3,994,50723.48% of revenue29.7% of expenses

FundraisingAsking for donations$437,0212.57% of revenue3.2% of expenses

Revenue left after expensesReported annual surplus$3,544,62220.83% of revenueShown in gray on the chart

Total expenses$13,470,68879.17% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

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

2018CurrentExpense mix: 67.1% mission · 29.7% management · 3.2% fundraisingTotal expenses: 79.17% of revenue

2017Expense mix: 61.3% mission · 36.5% management · 2.2% fundraisingTotal expenses: 101.77% of revenue

2016Expense mix: 59.9% mission · 37.9% management · 2.1% fundraisingTotal expenses: 93.91% of revenue

2015Expense mix: 62.3% mission · 35.0% management · 2.7% fundraisingTotal expenses: 119.36% of revenue

Money in and money out

Revenue$17,015,310

Expenses$13,470,688

Annual surplus $3,544,622 Revenue was higher than expenses 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)$9,039,160 · 67.1% of expenses

Management and office costs$3,994,507 · 29.7% of expenses

Fundraising$437,021 · 3.2% of expenses

See all reported dollar amounts

Revenue$17,015,310

Expenses$13,470,688

Assets$24,542,918

Income$12,352,490

Contributions$8,090,176

Mission work (program services)$9,039,160

Fundraising$437,021

Management and general$3,994,507

Executive compensation (total)$458,688

Stocks and bonds$7,050,629

Accounting fees$17,700

Investing fees$35,179

People

Leadership and board

Tax year 2018

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

People reported as paid

Person and titleCompensation

SANDRA ISSELMANNVP HUMAN RESOURCES - FORMER $380,572Base $374,791 · Other $5,781

MATTHEW SOUCYVP ACADEMIC AFFAIRS - FORMER $300,000

MARC BARBEAUVP ADVANCEMENT - FORMER $275,000

DR ROB CALLAHANPRESIDENT · 40 hrs/week $258,186Base $243,097 · Other $15,089

JANEEN MEIFERTCFO · 40 hrs/week $176,701Base $159,835 · Other $16,866

TRACY MILKOWSKIVP ADVANCEMENT · 40 hrs/week $167,311Base $161,656 · Other $5,655

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 (24)

SANDRA ISSELMANNVP HUMAN RESOURCES - FORMER

MATTHEW SOUCYVP ACADEMIC AFFAIRS - FORMER

MARC BARBEAUVP ADVANCEMENT - FORMER

DR ROB CALLAHANPRESIDENT

JANEEN MEIFERTCFO

TRACY MILKOWSKIVP ADVANCEMENT

KORY SCHMIDTBOARD MEMBER

SR JANE KINATEBOARD MEMBER

SR HELENA YOUNGBOARD MEMBER

SR CAROL ANN GAMBSKYBOARD MEMBER

SR ADRIANNA SCHOUTENSECRETARY

PATRICK BRANDELBOARD MEMBER

MIKE SCHUTZBOARD MEMBER

MARK FENLONTREASURER

CHRISTINE KORNELYBOARD MEMBER

KEVIN CRAWFORDBOARD MEMBER

JOHN ZIMMERBOARD MEMBER

JOHN RUSSOVICE CHAIR

JOE DEBILZENBOARD MEMBER

JEFF KIELBOARD MEMBER

FR DAN FELTONBOARD MEMBER

ERIC VOLCHEFFCHAIR

DR MARY GOVIERBOARD MEMBER

DR KUMAR KANGAYAPPANBOARD MEMBER

About this charity

Location: 2406 S ALVERNO ROAD, MANITOWOC, WI 54220
County: Manitowoc
In care of: DR ROBERT CALLAHAN
Primary officer: DR ROBERT CALLAHAN, PRESIDENT

How to reach them

WebsiteVisit the charity’s website Phone(920) 686-6121

Filing and classification

Latest tax year: 2018
Tax period began: July 1, 2018
Return type: 990
Tax preparer: PLANTE & MORAN PLLC
NTEE classification: Universities (B43)
IRS tax category: Universities
Revocation date: November 15, 2023