University of St Thomas
91% goes to programs $17 to raise $100 Strong reserves
University of St Thomas is a 501(c)(3) organization based in Saint Paul, Minnesota, registered in 1942, with $513,572,567 in FY2023 revenue. CharityIndex grades it A, and it directs about 91% of spending to programs.
2115 Summit Ave Aqu202, Saint Paul, MN, 55105 EIN 41-0693970 Since 1942
Revenue (FY2023)
$513.6M
▼ 4.4% vs prior year
Education median: $200K
Expenses (FY2023)
$502.0M
Net assets
$1.4B
Employees
5,244
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating91% to programs · $17 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 University of St Thomas: 91% to programs · $17 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating33 mo reserves · +2% 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 University of St Thomas: 33 mo reserves · +2% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 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 University of St Thomas: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 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 University of St Thomas: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Inspired by catholic intellectual tradition, the university of st. thomas educates students to be morally responsible leaders who think critically, act wisely, and work skillfully to advance the common good.
What they do
Student services: services provided to students including enrollment services, dean of students, registrar, athletics, career development, personal counseling, international students services, student clubs and organizations, and student health services.
Auxiliary services: provided services to the university community, including food services, housing, bookstores, and conference services.
Other program services: academic support provided to the university community including library facilities, academic advising, and the faculty development center. the university provides public services including the senior citizen center, service learning, and vision trips. the university also provides other programs to further their educational purposes.
Contact & location
- Address
- 2115 Summit Ave Aqu202, Saint Paul, MN, 55105
- City
- Saint Paul
- State
- Minnesota
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $362.7M (FY2013) to $513.6M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $571.5MNet assets $1.4B
Operating margin
2.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.9B
Total liabilities
$571.5M
Net assets
$1.4B
Salaries & benefits
$206.3M
41% of expenses
Board members
40
37 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $513,572,567▼4.4% | $502,030,131▲7.0% | $1,374,809,000▲4.0% | $1,946,357,939▲10.9% | 990 |
| 2022 | $537,075,956▲4.5% | $469,090,264▲2.2% | $1,322,513,805▲7.6% | $1,754,407,977▲4.9% | 990 |
| 2021 | $513,833,802▲9.1% | $459,182,574▲9.7% | $1,229,298,936▲0.5% | $1,672,860,241▲8.4% | 990 |
| 2020 | $470,760,335▲4.4% | $418,714,890▲2.1% | $1,223,053,243▲22.9% | $1,542,547,921▲15.8% | 990 |
| 2019 | $450,761,247▲2.8% | $410,087,597▲0.8% | $995,520,297▲1.7% | $1,331,564,102▲1.1% | 990 |
| 2018 | $438,356,771▲6.8% | $406,683,032▲6.1% | $978,909,484▲3.0% | $1,316,963,018▲9.3% | 990 |
| 2017 | $410,304,432▲1.2% | $383,310,272▲3.1% | $950,083,690▲4.1% | $1,205,164,681▲2.0% | 990 |
| 2016 | $405,544,388▲9.1% | $371,723,137▼0.6% | $912,407,039▲8.6% | $1,181,326,871▲4.5% | 990 |
| 2015 | $371,762,226▲3.3% | $373,975,820▲9.1% | $840,190,377▼3.5% | $1,130,089,164▼3.2% | 990 |
| 2014 | $359,947,706▼0.7% | $342,629,794▼0.7% | $870,430,246▲0.3% | $1,167,805,811▼1.5% | 990 |
| 2013 | $362,655,616 | $345,049,569▲5.0% | $867,677,196▲7.8% | $1,185,063,843▲5.0% | 990 |
| 2012 | — | $328,767,301▲6.1% | $804,694,168▲9.5% | $1,128,964,464▲5.8% | 990 |
| 2011 | — | $309,972,255▲2.5% | $734,971,519▲0.4% | $1,066,605,754▼1.7% | 990 |
| 2010 | — | $302,351,993▲7.1% | $732,115,996▲12.4% | $1,085,559,902▲5.7% | 990 |
| 2009 | — | $282,406,161 | $651,634,053 | $1,027,475,615 | 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: Sonali Dalal — $699,965 (0.14% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Sonali Dalal | Vice President and Chief Investment Officer | 40 | $699,965 |
| Robert Vischer | President | 40 | $665,993 |
| Phillip Esten | Vice President and Director of Athletics | 40 | $488,160 |
| Eddy Rojas | Evp & Provost | 40 | $473,156 |
| Erik Thurman | Vp For Development, Alumni Relations & University Advancement | 40 | $427,252 |
| Maykao Hang | Dean and Founding Member of Morrison Family College of Health | 40 | $417,398 |
| Glenn Caruso | Football Coach | 40 | $378,983 |
| Michael Paulsen | Law Professor | 40 | $369,347 |
| Laura Dunham | Dean Opus College of Business | 40 | $346,642 |
| David Deeds | Professor of Entrepeneurship | 40 | $333,074 |
| Mark Vangsgard | Cfo | 40 | $323,609 |
| Abigail Crouse | General Counsel and Secretary | 40 | $252,339 |
| Kathleen Arnold | Vice President and Chief Human Resources Officer | 40 | $251,142 |
| Father Dennis Dease | President Emeritus/trustee | 40 | $86,078 |
| Andrew Cecere | Trustee | 1 | — |
| Andrew Duff | Trustee | 1 | — |
| Anne Sempowski Ward | Trustee | 1 | — |
| Ann Winblad | Trustee | 1 | — |
| Archie Black | Trustee | 1 | — |
| Ashley Bailey-chang | Trustee | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Mcgough Construction | Construction Services | $31,740,559 |
| Ryan Companies | Construction Services | $24,772,627 |
| Us Leasing and Equipment Finance LLC | Leasing Services | $3,534,218 |
| American Institute For Foreign Study | Student Services | $1,212,588 |
| Willo Labs Inc | Student Services | $1,062,991 |
Grants received · $37.0M total
250 grants to University of St Thomas totaling $37.0M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Catholic Community Foundation of Minnesota | Program support, survey summary for crjc, general operating, scholarship fund, endowment gift, campaign gift, tuition for nursing or pre-med students | 2024 | $4,528,126 |
| Minneapolis Foundation | Donor advised, education | 2024 | $633,500 |
| Ayco Charitable Foundation | Education | 2024 | $260,000 |
| The Bessemer Giving Fund | General support | 2024 | $250,000 |
| Charities Aid Foundation America | Charitable donation | 2024 | $155,191 |
| American Online Giving Foundation Inc | General support | 2024 | $108,695 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2024 | $93,325 |
| Catholic Community Foundation of Minnesota | Tuition assistance | 2024 | $91,736 |
| Raymond James Charitable Endowment Fund | General support | 2024 | $51,500 |
| American Gift Fund | Operations | 2024 | $51,500 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Education | 2024 | $40,000 |
| American Endowment Foundation | Educational | 2024 | $28,250 |
| Sioux Falls Area Community Foundation Inc | General support, scholarship support | 2024 | $26,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $25,000 |
| Collier Community Foundation Inc | Education | 2024 | $25,000 |
Grants made · $37K in FY2019
3 grants totaling $37K in FY2019. All grants made by University of St Thomas →
| Recipient | Purpose | Amount |
|---|---|---|
| Catholic Schools Center of Excellence | General support | $16,000 |
| Macalester-groveland Community Council | General support | $10,250 |
| District Council 13 Inc DBA Union Park District Council | General support | $10,250 |
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Frequently asked questions
- Is University of St Thomas a legitimate nonprofit?
- Yes. University of St Thomas is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 41-0693970, based in Saint Paul, Minnesota. Donations are tax-deductible.
- What is University of St Thomas's EIN?
- University of St Thomas's Employer Identification Number (EIN) is 41-0693970.
- How much revenue does University of St Thomas report?
- University of St Thomas reported $513,572,567 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of University of St Thomas's spending goes to programs?
- University of St Thomas spends about 91% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does University of St Thomas have?
- CharityIndex grades University of St Thomas A, based on program efficiency and fundraising cost.
- How much does University of St Thomas's highest-paid employee make?
- The highest reported compensation on University of St Thomas's latest Form 990 is $699,965, paid to Sonali Dalal (Vice President and Chief Investment Officer).
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Data for University of St Thomas (EIN 41-0693970) 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.