UNIVERSITY OF SAINT KATHERINE: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization: UNIVERSITY OF SAINT KATHERINE (EIN 27-2912448)
Tax period: 2022-07-01 to 2023-06-30
Filed: 2024-04-22
IRS object ID: 202401139349300845
Schema version: 2022v5.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule D
Schedule E
Schedule I
Schedule L
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2024-04-22T13:57:21+00:00	ReturnTs
Tax Period End	2023-06-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	363990892	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	Capin Crouse LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	3200 E Guasti Road Suite 230	AddressLine1Txt
City	Ontario	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	91761	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2022-07-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	272912448	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	University of Saint Katherine	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	UNIV	BusinessNameControlTxt
Phone	7609431107	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	277 Rancheros Drive 200	AddressLine1Txt
City	San Marcos	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	92069	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	Dr Frank Papatheofanis	PersonNm
Person Title	President	PersonTitleTxt
Phone	7609431107	PhoneNum
Signature	2024-04-22	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	Dr Frank	PersonFirstNm
Person Last	Papatheofanis	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	Yes (true)	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	Daren Daiga	PreparerPersonNm
PTIN	P01074795	PTIN
Phone	5055022746	PhoneNum

Field	Value	IRS element (for citing)
Tax	2022	TaxYr
Build TS	2023-04-26 12:10:37Z	BuildTS

Form 990 IRS990

Principal Ofcr Business Name PrincipalOfcrBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Dr Frank Papatheofanis	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	277 Rancheros Drive 200	AddressLine1Txt
City	San Marcos	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	92069	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$6,563,269	GrossReceiptsAmt
Group Return For Affiliates	false	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	www.USK.edu	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	2010	FormationYr
Legal Domicile State	CA	LegalDomicileStateCd
Activity Or Mission	Independent liberal arts college formed in Orthodox Christian tradition to award BA, BS & MA degrees.	ActivityOrMissionDesc
Voting Members Governing Body	11	VotingMembersGoverningBodyCnt
Voting Members Independent	11	VotingMembersIndependentCnt
Total Employee	163	TotalEmployeeCnt
Total Volunteers	14	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$1,565,383	PYContributionsGrantsAmt
CY Contributions Grants	$214,638	CYContributionsGrantsAmt
PY Program Service Revenue	$6,688,256	PYProgramServiceRevenueAmt
CY Program Service Revenue	$6,131,585	CYProgramServiceRevenueAmt
PY Investment Income	$189	PYInvestmentIncomeAmt
CY Investment Income	$486	CYInvestmentIncomeAmt
PY Other Revenue	$101,466	PYOtherRevenueAmt
CY Other Revenue	$84,498	CYOtherRevenueAmt
PY Total Revenue	$8,355,294	PYTotalRevenueAmt
CY Total Revenue	$6,431,207	CYTotalRevenueAmt
PY Grants And Similar Paid	$3,122,812	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$2,424,325	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$3,154,634	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$3,106,539	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$23,475	CYTotalFundraisingExpenseAmt
PY Other Expenses	$2,289,488	PYOtherExpensesAmt
CY Other Expenses	$2,763,801	CYOtherExpensesAmt
PY Total Expenses	$8,566,934	PYTotalExpensesAmt
CY Total Expenses	$8,294,665	CYTotalExpensesAmt
PY Revenues Less Expenses	-$211,640	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	-$1,863,458	CYRevenuesLessExpensesAmt
Total Assets BOY	$2,332,105	TotalAssetsBOYAmt
Total Assets EOY	$6,517,769	TotalAssetsEOYAmt
Total Liabilities BOY	$367,674	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$6,515,982	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$1,964,431	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$1,787	NetAssetsOrFundBalancesEOYAmt
Mission	To provide a balanced education in the liberal arts & sciences, founded and rooted in the life of the Orthodox Christian Tradition - inquiry seeking wisdom.	MissionDesc
Significant New Program Srvc	false	SignificantNewProgramSrvcInd
Significant Change	false	SignificantChangeInd
Expense	$4,532,007	ExpenseAmt
Revenue	$5,078,202	RevenueAmt
Desc	University of Saint Katherine's (USK) Athletic Program was created to inspire a diverse group of student-athletes in the developments of spirit, soul, and body through Christ-centered leadership, integrated learning, and athletic excellence. USK received NAIA Full Membership in the Spring of 2019. We strive to meet all standards and regulations of the National Association of Intercollegiate Athletics (NAIA).	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Expense	$2,535,549	ExpenseAmt
Grant	$2,424,325	GrantAmt
Revenue	$1,053,383	RevenueAmt
Desc	USK is a regionally accredited undergraduate college of liberal arts and sciences that focuses its integrative, interdisciplinary teaching in the core areas of composition, English language and literature, American government and history, economics, business, and the sciences as part of general education and instruction in concentration - specific degree requirements. Outstanding teaching and research - with relevance to the practical world and Christian witness as guiding principles - is our primary purpose - inquiry seeking wisdom. We aim to graduate creative and compassionate leaders. USK's enrollment for 2023 was 232. College programs encompass 19 degree-granting programs, as well as interdisciplinary collaborations, laboratories, and programs whose work cuts across traditional departmental boundaries. We realize these aims in a singularly collegial, interdisciplinary atmosphere, while educating outstanding students to become creative members of society. All students complete a six-semester interdisciplinary core, one semester of college algebra, one semester of introductory statistics and critical problem solving, two semesters of science, one semester of Orthodox Christian theology and one semester of New Testament.	Desc

Field	Value	IRS element (for citing)
Total Program Service Expenses	$7,067,556	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (true)	DescribedInSection501c3Ind
Schedule B Required	Yes (true)	ScheduleBRequiredInd
Political Campaign Acty	false	PoliticalCampaignActyInd
Lobbying Activities	false	LobbyingActivitiesInd
Donor Advised Fund	false	DonorAdvisedFundInd
Conservation Easements	false	ConservationEasementsInd
Collections Of Art	false	CollectionsOfArtInd
Credit Counseling	false	CreditCounselingInd
Donor Rstr Or Quasi Endowments	false	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (true)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	false	ReportInvestmentsOtherSecInd
Report Program Related Invst	false	ReportProgramRelatedInvstInd
Report Other Assets	Yes (true)	ReportOtherAssetsInd
Report Other Liabilities	Yes (true)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	false	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (true)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	false	ConsolidatedAuditFinclStmtInd
School Operating	Yes (true)	SchoolOperatingInd
Foreign Office	false	ForeignOfficeInd
Foreign Activities	false	ForeignActivitiesInd
More Than5000 K To Org	false	MoreThan5000KToOrgInd
More Than5000 K To Individuals	false	MoreThan5000KToIndividualsInd
Professional Fundraising	false	ProfessionalFundraisingInd
Fundraising Activities	false	FundraisingActivitiesInd
Gaming Activities	false	GamingActivitiesInd
Operate Hospital	false	OperateHospitalInd
Grants To Organizations	false	GrantsToOrganizationsInd
Grants To Individuals	Yes (true)	GrantsToIndividualsInd
Schedule J Required	false	ScheduleJRequiredInd
Tax Exempt Bonds	false	TaxExemptBondsInd
Engaged In Excess Benefit Trans	false	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	false	PYExcessBenefitTransInd
Loan Outstanding	Yes (true)	LoanOutstandingInd
Grant To Related Person	false	GrantToRelatedPersonInd
Business Rln With Org Mem	false	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	false	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	false	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	false	DeductibleNonCashContriInd
Deductible Art Contribution	false	DeductibleArtContributionInd
Terminate Operations	false	TerminateOperationsInd
Partial Liquidation	false	PartialLiquidationInd
Disregarded Entity	false	DisregardedEntityInd
Related Entity	false	RelatedEntityInd
Related Organization Ctrl Ent	false	RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	false	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	false	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (true)	ScheduleORequiredInd
IRP Document	391	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (true)	BackupWthldComplianceInd
Employee	163	EmployeeCnt
Employment Tax Returns Filed	Yes (true)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	false	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Taxable Party Notification	false	TaxablePartyNotificationInd
Nondeductible Contributions	false	NondeductibleContributionsInd
Quid Pro Quo Contributions	false	QuidProQuoContributionsInd
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	false	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	false	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	11	GoverningBodyVotingMembersCnt
Independent Voting Member	11	IndependentVotingMemberCnt
Family Or Business Rln	Yes (true)	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	Yes (true)	DelegationOfMgmtDutiesInd
Change To Org Documents	false	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	false	MaterialDiversionOrMisuseInd
Members Or Stockholders	false	MembersOrStockholdersInd
Election Of Board Members	false	ElectionOfBoardMembersInd
Decisions Subject To Approva	false	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (true)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (true)	MinutesOfCommitteesInd
Officer Mailing Address	false	OfficerMailingAddressInd
Local Chapters	false	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (true)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (true)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (true)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (true)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (true)	WhistleblowerPolicyInd
Document Retention Policy	Yes (true)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (true)	CompensationProcessCEOInd
Compensation Process Other	Yes (true)	CompensationProcessOtherInd
Investment In Joint Venture	false	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	CA	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Laurel Maguire	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	7609431107	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	277 Rancheros Drive 200	AddressLine1Txt
City	San Marcos	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	92069	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (14 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Highest Compensated EmployeeHighestCompensatedEmployeeInd
Concetta Smarius
Trustee/Chair Audit & Finance Committee (treasurer)	1.0	Yes (X)	Yes (X)	$0	$0	$0
Daniel Braun
Chairman of the board	1.0	Yes (X)	Yes (X)	$0	$0	$0
Andrew Geleris
Trustee	1.0	Yes (X)		$0	$0	$0
Arturo Alemany
Trustee	1.0	Yes (X)		$0	$0	$0
Carol Vassiliadis
Trustee	1.0	Yes (X)		$0	$0	$0
David Aberizk
Trustee	1.0	Yes (X)		$0	$0	$0
Penny Brunner
Trustee	1.0	Yes (X)		$0	$0	$0
Steven Kreta
Trustee	1.0	Yes (X)		$0	$0	$0
Terry Orr-Weaver
Trustee	1.0	Yes (X)		$0	$0	$0
Tom Braun
Trustee	1.0	Yes (X)		$0	$0	$0
William Nassir
Trustee	1.0	Yes (X)		$0	$0	$0
Charlotte Fowler (Part Year)
CFO	10.0		Yes (X)	$0	$0	$0
Frank Papatheofanis
President/Interm Secretary	40.0		Yes (X)	$140,000	$0	$0
Marina Trigoni
Chief Operating Officer / VP of Enrollment Mgmt	40.0			$109,472	$0	$0	Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$249,472	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$0	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	2	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	false	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	false	TotalCompGreaterThan150KInd
Compensation From Other Srcs	false	CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K	0	CntrctRcvdGreaterThan100KCnt
Government Grants	$42,272	GovernmentGrantsAmt
All Other Contributions	$172,366	AllOtherContributionsAmt
Total Contributions	$214,638	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
Athletic program	611310	$5,078,202	$5,078,202
Academic program	611310	$1,041,060	$1,041,060
Bookstore and Late Fees	451211	$12,323	$12,323

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt
Related Or Exempt Func Income	$0	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$0	ExclusionAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$6,131,585	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$486	TotalRevenueColumnAmt
Exclusion	$486	ExclusionAmt

Gross Rents GrossRentsGrp

Field	Value	IRS element (for citing)
Real	$177,737	RealAmt

Less Rental Expenses LessRentalExpensesGrp

Field	Value	IRS element (for citing)
Real	$132,062	RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Real	$45,675	RealAmt
Personal	$0	PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$45,675	TotalRevenueColumnAmt
Exclusion	$45,675	ExclusionAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$0	SecuritiesAmt
Other	$0	OtherAmt

Other Revenue Misc OtherRevenueMiscGrp

Field	Value	IRS element (for citing)
Desc	Credit Card Rewards	Desc
Business	900099	BusinessCd
Total Revenue Column	$9,779	TotalRevenueColumnAmt
Exclusion	$9,779	ExclusionAmt

Miscellaneous Revenue MiscellaneousRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$29,044	TotalRevenueColumnAmt
Related Or Exempt Func Income	$0	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$29,044	ExclusionAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$38,823	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$6,431,207	TotalRevenueColumnAmt
Related Or Exempt Func Income	$6,131,585	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$84,984	ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$2,424,325	TotalAmt
Program Services	$2,424,325	ProgramServicesAmt

Benefits To Members BenefitsToMembersGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt
Program Services	$0	ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$140,000	TotalAmt
Management And General	$140,000	ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$2,731,323	TotalAmt
Program Services	$2,494,462	ProgramServicesAmt
Management And General	$236,861	ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$235,216	TotalAmt
Program Services	$203,933	ProgramServicesAmt
Management And General	$31,283	ManagementAndGeneralAmt

Fees For Services Management FeesForServicesManagementGrp

Field	Value	IRS element (for citing)
Total	$34,464	TotalAmt
Management And General	$34,464	ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$11,574	TotalAmt
Management And General	$11,574	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$88,716	TotalAmt
Management And General	$88,716	ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$169,639	TotalAmt
Program Services	$106,139	ProgramServicesAmt
Management And General	$63,500	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$77,504	TotalAmt
Management And General	$66,404	ManagementAndGeneralAmt
Fundraising	$11,100	FundraisingAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$37,572	TotalAmt
Program Services	$30,151	ProgramServicesAmt
Management And General	$7,421	ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$168,689	TotalAmt
Program Services	$143,590	ProgramServicesAmt
Management And General	$25,099	ManagementAndGeneralAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$1,070,811	TotalAmt
Program Services	$926,200	ProgramServicesAmt
Management And General	$144,611	ManagementAndGeneralAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$234,574	TotalAmt
Program Services	$202,037	ProgramServicesAmt
Management And General	$32,537	ManagementAndGeneralAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$33,738	TotalAmt
Program Services	$11,970	ProgramServicesAmt
Management And General	$9,393	ManagementAndGeneralAmt
Fundraising	$12,375	FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$35,716	TotalAmt
Management And General	$35,716	ManagementAndGeneralAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$84,174	TotalAmt
Program Services	$23,525	ProgramServicesAmt
Management And General	$60,649	ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt
Athletic Equip/Uniforms	$439,547	$439,547
Legal Settlement	$177,545		$177,545
Student Life / Bookstore	$41,166	$41,166
Memberships	$28,597	$20,511	$8,086

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$29,775	TotalAmt
Program Services	$0	ProgramServicesAmt
Management And General	$29,775	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$8,294,665	TotalAmt
Program Services	$7,067,556	ProgramServicesAmt
Management And General	$1,203,634	ManagementAndGeneralAmt
Fundraising	$23,475	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$37,179	BOYAmt
EOY	$62,235	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$1,061,346	BOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$748,550	BOYAmt
EOY	$649,364	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$48,093	BOYAmt
EOY	$112,138	EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

Field	Value	IRS element (for citing)
EOY	$0	EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

Field	Value	IRS element (for citing)
EOY	$0	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$171,916	BOYAmt
EOY	$165,270	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$456,036	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$335,591	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$142,519	BOYAmt
EOY	$120,445	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

Field	Value	IRS element (for citing)
BOY	$122,502	BOYAmt
EOY	$88,297	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$5,320,020	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$2,332,105	BOYAmt
EOY	$6,517,769	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$79,864	BOYAmt
EOY	$246,345	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$250,288	BOYAmt
EOY	$0	EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

Field	Value	IRS element (for citing)
EOY	$25,000	EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

Field	Value	IRS element (for citing)
BOY	$37,522	BOYAmt
EOY	$500,000	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$5,744,637	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$367,674	BOYAmt
EOY	$6,515,982	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$1,215,881	BOYAmt
EOY	-$647,577	EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$748,550	BOYAmt
EOY	$649,364	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$1,964,431	BOYAmt
EOY	$1,787	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$2,332,105	BOYAmt
EOY	$6,517,769	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	-$1,863,458	ReconcilationRevenueExpnssAmt
Other Changes In Net Assets	-$99,186	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	false	AccountantCompileOrReviewInd
FS Audited	Yes (true)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (true)	AuditCommitteeInd
Federal Grant Audit Required	Yes (true)	FederalGrantAuditRequiredInd
Federal Grant Audit Performed	Yes (true)	FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
School	Yes (X)	SchoolInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$308,758	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$1,127,728	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$880,970	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$1,565,383	CurrentTaxYearMinus1YearAmt
Current Tax Year	$214,638	CurrentTaxYearAmt
Total	$4,097,477	TotalAmt

Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$308,758	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$1,127,728	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$880,970	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$1,565,383	CurrentTaxYearMinus1YearAmt
Current Tax Year	$214,638	CurrentTaxYearAmt
Total	$4,097,477	TotalAmt

Field	Value	IRS element (for citing)
Substantial Contributors Tot	$759,227	SubstantialContributorsTotAmt
Public Support Total170	$3,338,250	PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus3 Years	$14,613	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$33,019	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$129,776	CurrentTaxYearMinus1YearAmt
Current Tax Year	$178,223	CurrentTaxYearAmt
Total	$355,631	TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Other Income170 OtherIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$11,313	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$262,891	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$17,020	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$64,009	CurrentTaxYearMinus1YearAmt
Current Tax Year	$38,823	CurrentTaxYearAmt
Total	$394,056	TotalAmt

Field	Value	IRS element (for citing)
Total Support	$4,847,164	TotalSupportAmt
Gross Receipts Rltd Activities	$25,788,959	GrossReceiptsRltdActivitiesAmt
Public Support CY170	0.6887	PublicSupportCY170Pct
Public Support PY170	0.7587	PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170	Yes (X)	ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp (3 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Schedule A, Part II Columns (a) - (e):	Per the instructions public support is measured using a 5-year computation period that includes the current and four prior tax years (including short years). The organization had a short year in 2021. The below chart clarifies the information represented in Schedule A, Part II: Column (a) - Twelve months ending 12/31/2019 Column (b) - Twelve months ending 12/31/2020 Column (c) - Six month period ending 6/30/2021 Column (d) - Twelve months ending 06/30/2022 Column (e) - Twelve months ending 06/30/2023
Schedule A, Part II	The organization is a school as described under 170(b)(1)(A)(ii) and is not required to complete a public support schedule. Schedule A, Part II is completed to verify the School can qualify under public charity status section 170(b)(1)(A)(vi) and, therefore, qualifies to use the first listed special rule for Schedule B reporting.
Schedule A, Part II, Line 10 Other Income	DESCRIPTION - OTHER INCOME, COLUMN A - 11313.0, COLUMN B - 31692.0, COLUMN C - 17020.0, COLUMN D - 64009.0, COLUMN E - 38823.0, COLUMN F - 162857.0; DESCRIPTION - ERC, COLUMN A - , COLUMN B - 231199.0, COLUMN C - , COLUMN D - , COLUMN E - , COLUMN F - 231199.0;

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$199,236	OtherCostOrOtherBasisAmt
Depreciation	$180,466	DepreciationAmt
Book Value	$18,770	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$256,800	OtherCostOrOtherBasisAmt
Depreciation	$155,125	DepreciationAmt
Book Value	$101,675	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$120,445	TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp

Field	Value	IRS element (for citing)
Desc	Operating Leases Right of Use Asset	Desc
Book Value	$5,320,020	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Other Assets	$5,320,020	TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

Field	Value	IRS element (for citing)
Desc	Operating Lease Obligation	Desc
Amt	$5,744,637	Amt

Field	Value	IRS element (for citing)
Total Liability	$5,744,637	TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt	$4,039,758	TotalRevEtcAuditedFinclStmtAmt
Other Revenue	$132,062	OtherRevenueAmt
Revenue Not Reported	$132,062	RevenueNotReportedAmt
Revenue Subtotal	$3,907,696	RevenueSubtotalAmt
Other Revenues Not Included	$2,523,511	OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt	$2,523,511	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$6,431,207	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$6,002,402	TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included	$132,062	OtherExpensesIncludedAmt
Expenses Not Reported	$132,062	ExpensesNotReportedAmt
Expenses Subtotal	$5,870,340	ExpensesSubtotalAmt
Other Expenses Not Included	$2,424,325	OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt	$2,424,325	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$8,294,665	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990	Rental Expenses - 132062
Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements	Scholarships netted against revenue - 2424325 Adjustment to grant receivable - 99186
Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990	Rental Expenses - 132062
Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements	Scholarships netted against revenue - 2424325

Schedule E IRS990ScheduleE

Field	Value	IRS element (for citing)
Nondiscriminatory Policy Stmt	Yes (true)	NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures Etc	Yes (true)	PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast Media	Yes (true)	PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp Recs	Yes (true)	MaintainRacialCompRecsInd
Maintain Scholarships Recs	Yes (true)	MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures Etc	Yes (true)	MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All Sol	Yes (true)	MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts	false	DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy	false	DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty	false	DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs	false	DiscriminateRaceSchsInd
Discriminate Race Educ Plcy	false	DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts	false	DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog	false	DiscriminateRaceAthltProgInd
Discriminate Race Other Acty	false	DiscriminateRaceOtherActyInd
Government Financial Aid Rcvd	Yes (true)	GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd	false	GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550	Yes (true)	ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY	The organization publicized its racially nondiscriminatory policy on the homepage of its website at all times during its tax year in a manner reasonably expected to be noticed by visitors.
Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT	Federal financial aid funds are received from the U.S. Department of Education under Title IV of the Higher Education Act. The grants are provided to USK to award student assistance under the following programs: Federal Work Study (FWS) and Supplemental Educational Opportunity Grant (SEOG).

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (true)	GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

Field	Value	IRS element (for citing)
Grant Type	Scholarships	GrantTypeTxt
Recipient	259	RecipientCnt
Cash Grant	$2,424,325	CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds.	FormAndLineReferenceDesc
Explanation	University of Saint Katherine awards financial aid to students in accordance with the University's institutional financial aid policies. All scholarships and grants are awarded to current students of the institution, thus enabling the institution to track their academic performance and use of all scholarship and grant funds. Academic awards to new students are based on test scores and GPA. Scholarships and grant funds are directly applied to the student accounts, with no cash changing hands.	ExplanationTxt

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Frank Papatheofanis	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Relationship With Org	President	RelationshipWithOrgTxt
Loan Purpose	Bridge Loan	LoanPurposeTxt
Loan To Organization	Yes (X)	LoanToOrganizationInd
Original Principal	$25,000	OriginalPrincipalAmt
Balance Due	$25,000	BalanceDueAmt
Default	false	DefaultInd
Board Or Committee Approval	Yes (true)	BoardOrCommitteeApprovalInd
Written Agreement	false	WrittenAgreementInd

Field	Value	IRS element (for citing)
Total Balance Due	$25,000	TotalBalanceDueAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (10 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Form 990, Part VI, Line 1a Delegate broad authority to a committee	The organization has an Executive Committee made up of the Board Chair, Board Secretary, and one additional Board member. The Executive Committee has the broad authority to act on behalf of the full Board.
Form 990, Part VI, Line 2 Family/business relationships amongst interested persons	Tom Braun and Daniel Braun - Family relationship
Form 990, Part VI, Line 3 Delegation of management duties	PBO Advisory Group provided outsourced CFO services to University of Saint Katherine during the tax year. Charlotte Fowler, listed on Form 990 Part VII as CFO, was compensated $58,923.76 during calendar year 2022. Ms. Fowler performed a variety of management functions, including planning and executing budgets, supervising personnel, and executing financial operations.
Form 990, Part VI, Line 11b Review of form 990 by governing body	Form 990 is prepared by an independent CPA firm and is reviewed in detail by the Controller and President. A copy of the Form 990 is provided to the organization's governing body before it is filed with the Internal Revenue Service.
Form 990, Part VI, Line 12c Conflict of interest policy	Board members and officers sign an annual conflict of interest policy. The signed statements are reviewed by the President as well as the Audit and Finance Committee chair. If a conflict arises, then it is addressed by the board and actions are executed accordingly. Any board member or officer with a conflict would be asked to refrain from participation in any deliberation or decision with regard to matters affected by the relationship.
Form 990, Part VI, Line 15a Process to establish compensation of top management official	The compensation arrangement for the President was approved in advance by an authorized body of the organization composed entirely of individuals who do not have a conflict of interest with respect to the compensation arrangement. The authorized body obtained and relied upon appropriate comparability data prior to making its determination. The authorized body adequately documented the basis for its determination concurrently with making that determination, including the voting record.
Form 990, Part VI, Line 15b Process to establish compensation of other employees	The compensation arrangement for Charlotte Fowler was approved in advance by the President and COO of the organization who do not have a conflict of interest with respect to the compensation arrangement. The individuals obtained and relied upon appropriate comparability data prior to making its determination. A signed contract was entered into documenting the basis for its determination.
Form 990, Part VI, Line 19 Required documents available to the public	The governing documents, conflict of interest policy, and financial statements are available upon request.
Form 990, Part VIII, Line 11d Other Miscellaneous Revenue	Other Income - Total Revenue: 29044, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 29044;
Form 990, Part XI, Line 9 Other changes in net assets or fund balances	Adjustment to pledge receivable - -99186;