Aquinas College Inc
88% goes to programs $14 to raise $100 Strong reserves
Aquinas College Inc is a 501(c)(3) organization based in Grand Rapids, Michigan, registered in 1946, with $57,216,114 in FY2023 revenue. CharityIndex grades it B+, and it directs about 88% of spending to programs.
1700 Fulton St E, Grand Rapids, MI, 49506 EIN 38-1367080 Since 1946
Revenue (FY2023)
$57.2M
▲ 9.3% vs prior year
Education median: $200K
Expenses (FY2023)
$61.5M
Net assets
$86.4M
Employees
950
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
AProgram efficiency40% of the rating88% to programs · $14 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Aquinas College Inc: 88% to programs · $14 to raise $100 earns a A on this criterion. See the exact thresholds →
B+Financial health25% of the rating17 mo reserves · -7% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Aquinas College Inc: 17 mo reserves · -7% margin earns a B+ on this criterion. See the exact thresholds →
BGovernance25% of the rating4 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Aquinas College Inc: 4 of 6 checks met earns a B on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Aquinas College Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Aquinas college strives to be among the premier catholic colleges in the midwest recognized for its excellence in preparing the whole person to lead a life of purpose and success.
Contact & location
- Address
- 1700 Fulton St E, Grand Rapids, MI, 49506
- City
- Grand Rapids
- State
- Michigan
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $65.8M (FY2013) to $57.2M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $40.0MNet assets $86.4M
Operating margin
-7.5%
Spent more than it raised in the latest fiscal year.
Total assets
$126.4M
Total liabilities
$40.0M
Net assets
$86.4M
Salaries & benefits
$18.1M
29% of expenses
Board members
15
14 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $57,216,114▲9.3% | $61,505,561▼1.4% | $86,398,236▼0.7% | $126,439,005▼1.3% | 990 |
| 2022 | $52,349,488▼13.6% | $62,364,652▲0.2% | $87,030,568▼5.8% | $128,075,406▼1.9% | 990 |
| 2021 | $60,566,331▼7.3% | $62,222,103▲3.8% | $92,424,341▼10.9% | $130,597,146▼6.8% | 990 |
| 2020 | $65,312,354▲12.9% | $59,946,129▼2.7% | $103,768,235▲13.3% | $140,086,964▲4.0% | 990 |
| 2019 | $57,861,871▼1.7% | $61,599,079▼1.0% | $91,582,267▼3.2% | $134,653,902▲1.9% | 990 |
| 2018 | $58,852,733▼9.4% | $62,211,496▲1.3% | $94,587,486▼2.2% | $132,164,257▲5.4% | 990 |
| 2017 | $64,923,645▼6.7% | $61,439,544▲4.9% | $96,731,554▲6.7% | $125,363,978▲3.8% | 990 |
| 2016 | $69,568,190▲3.4% | $58,565,714▼3.5% | $90,662,464▲20.4% | $120,785,116▲13.9% | 990 |
| 2015 | $67,267,485▲0.7% | $60,689,521▲0.4% | $75,300,734▲10.3% | $106,029,452▲5.2% | 990 |
| 2014 | $66,808,189▲1.6% | $60,452,496▲2.0% | $68,240,915▲4.4% | $100,813,257▲6.2% | 990 |
| 2013 | $65,750,672 | $59,294,358▼0.3% | $65,380,958▲16.6% | $94,969,548▲12.9% | 990 |
| 2012 | — | $59,468,971▲3.5% | $56,078,328▲8.1% | $84,100,671▲1.6% | 990 |
| 2011 | — | $57,471,420▲4.2% | $51,873,523▲4.6% | $82,815,265▲8.1% | 990 |
| 2010 | — | $55,158,419▲6.4% | $49,603,780▲11.4% | $76,576,573▲6.9% | 990 |
| 2009 | — | $51,838,960 | $44,526,841 | $71,659,621 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Alicia Cordoba — $310,509 (0.50% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Alicia Cordoba | President | 40 | $310,509 |
| Stephen Germic | Provost Evp Academic Affairs (left 09/23) | 40 | $152,961 |
| David Cunningham | Director, Netvue | 40 | $146,512 |
| Timothy Stafford | Vice President For Finance | 40 | $107,769 |
| Brian Divita | Associate Professor Business Administration | 40 | $106,791 |
| Brian Matzke | Vice President For Enrollment Management | 40 | $106,150 |
| Charles Gunnoe | Interim Provost | 40 | $101,828 |
| Andola Mathis | Trustee | 0.6 | — |
| Conor Dugan | Trustee | 0.6 | — |
| Joe Murphy | Trustee | 0.6 | — |
| John Lowery | Chair | 0.6 | — |
| Kimberly Hanrahan | Treasurer | 0.6 | — |
| Margaret Kennedy | Trustee | 0.6 | — |
| Matt Biersack | Trustee | 0.6 | — |
| Nazar Massouh | Trustee | 0.6 | — |
| Rick Heuvelman | Trustee | 0.6 | — |
| Robert Woodhouse Jr | Trustee | 0.6 | — |
| Sammuel Cummings | Trustee | 0.6 | — |
| Sandra Delgado | Trustee | 0.6 | — |
| Sr Barbara Reid Op | Trustee | 0.6 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Creative Dining Services | Dining Services | $2,369,862 |
| Ellucian Company LP | Information Technology Services | $1,252,792 |
| Dean Trailways of Michigan | Transportation | $408,535 |
| Waybetter Marketing Inc | Marketing Campaigns | $234,704 |
| Pageworks | Printed Materials | $152,868 |
Grants received · $1.3M total
44 grants to Aquinas College Inc totaling $1.3M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Online Giving Foundation Inc | General support | 2024 | $16,064 |
| National Christian Charitable Foundation | Colleges and universities | 2024 | $10,600 |
| Ayco Charitable Foundation | Education | 2024 | $5,500 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $47,650 |
| Bny Mellon Charitable Gift Fund | To further the organization's exempt purpose | 2023 | $35,000 |
| Charities Aid Foundation America | Charitable donation | 2023 | $24,750 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $13,500 |
| National Philanthropic Tr | Religion | 2023 | $11,200 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2023 | $11,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $103,400 |
| American Endowment Foundation | Educational | 2022 | $33,500 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2022 | $20,000 |
| National Philanthropic Tr | Education | 2022 | $17,200 |
| Raymond James Charitable Endowment Fund | General support | 2022 | $12,600 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2022 | $5,000 |
Grants made · $25K in FY2023
1 grant totaling $25K in FY2023. All grants made by Aquinas College Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Junior Achievement USA | Support | $25,000 |
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Frequently asked questions
- Is Aquinas College Inc a legitimate nonprofit?
- Yes. Aquinas College Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 38-1367080, based in Grand Rapids, Michigan. Donations are tax-deductible.
- What is Aquinas College Inc's EIN?
- Aquinas College Inc's Employer Identification Number (EIN) is 38-1367080.
- How much revenue does Aquinas College Inc report?
- Aquinas College Inc reported $57,216,114 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Aquinas College Inc's spending goes to programs?
- Aquinas College Inc spends about 88% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Aquinas College Inc have?
- CharityIndex grades Aquinas College Inc B+, based on program efficiency and fundraising cost.
- How much does Aquinas College Inc's highest-paid employee make?
- The highest reported compensation on Aquinas College Inc's latest Form 990 is $310,509, paid to Alicia Cordoba (President).
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Data for Aquinas College Inc (EIN 38-1367080) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.