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Aquinas College

Grand Rapids, MI · EIN 38-1367080 · 501(c)(3) · School
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Aquinas College reported $59.6 million in revenue and $61.1 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $84.31 went to program services, $14.15 to management and general costs and $1.54 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 79.7% of the total. The highest compensation it reported for one person was $332,533 (PRESIDENT (LEFT 04/25)). 11 people received more than $100,000 in reportable compensation. Revenue rose 3% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $61M

For context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $60M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 5,499 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
84.3%84.4%
Management & general
Part IX 25(C) ÷ 25(A)
14.1%13.4%
Fundraising
Part IX 25(D) ÷ 25(A)
1.5%0.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.11$0.04
Contributions & grants share of revenue
Part VIII 1h ÷ 12
14.0%19.1%
Government grants share of revenue
Part VIII 1e ÷ 12
0.9%1.1%
Program service revenue share
Part VIII 2g ÷ 12
79.7%69.9%
Highest reported compensation
Part VII-A, columns D–F
$332,533$331,578
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
0.54%1.28%
People paid over $100,000
Part VII, line 2
118
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
16.913.3
Independent voting board members
Part VI 1a–1b
13 of 13100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$52M expenses · 100.0% of program spending · grants $25M · revenue $47M

Aquinas College serves undergraduate and graduate students. The college strives to provide a liberal arts education with a global perspective, emphasizing career preparation focused on leadership and service to others, rooted in the catholic dominican tradition

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
PRESIDENT (LEFT 04/25)
Officer, 40.0 hrs/week
$296,877$0$35,656$332,533
Director, NetVUE
Highest compensated employee, 40.0 hrs/week
$157,239$0$23,259$180,498
Associate Professor Business Administration
Highest compensated employee, 40.0 hrs/week
$136,701$0$29,153$165,854
Vice President for Enrollment Management
Highest compensated employee, 40.0 hrs/week
$123,440$0$32,397$155,837
Vice President for Finance
Officer, 40.0 hrs/week
$123,440$0$29,803$153,243
AVP FOR FINANCE AND HUMAN RESOURCES
Highest compensated employee, 40.0 hrs/week
$120,348$0$11,754$132,102
VICE PRESIDENT FOR ADVANCEMENT
Highest compensated employee, 40.0 hrs/week
$106,934$0$19,059$125,993
PROVOST
Officer, 40.0 hrs/week
$89,585$0$9,773$99,358

11 people received more than $100,000 in reportable compensation from Aquinas College (Part VII, line 2). Compensation of current officers, directors and key employees totaled $651K (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$20M$40M$60M$80MFY2020FY2021FY2022FY2023FY2024FY2025$60M$61M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$60M$61M84.3%$86M$332,533
FY2024 ⓘ$57M$62M88.1%$86M$331,055
FY2023 ⓘ$52M$62M87.6%$87M$220,639
FY2022 ⓘ$61M$62M86.7%$92M$316,978
FY2021 ⓘ$65M$60M86.7%$104M$295,102
FY2020 ⓘ$58M$62M84.3%$92M$296,848

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b13 · 13 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13No
  • Document retention policy Part VI 14No
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aNo
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18Yes
  • Over $10,000 of activity outside the U.S. Part IV 14bYes
  • Employees Part I, line 5832
  • Volunteers Part I, line 615

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
Creative Dining Services
Dining Services
$2,382,928
Ellucian Company LP
Information technology services
$1,452,893
Dean Trailways of Michigan
Transportation
$357,220
Waybetter Marketing Inc
Marketing Campaigns
$210,878
The Dysart Group
Enrollment Management
$159,152

Individuals listed as contractors are left out. 9 contractors were paid more than $100,000 in all.

Private foundation grants it received

17 private foundations reported grants to Aquinas College totaling $453K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Aquinas College's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Aquinas College, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All education charities · Largest charities in Michigan

Questions people ask

How much of Aquinas College's spending goes to programs?

In the fiscal year ending June 30, 2025, Aquinas College reported that 84.3% of its $61.1 million in expenses went to program services, 14.1% to management and general and 1.5% to fundraising (Form 990, Part IX).

How much does Aquinas College pay its top executive?

The largest total compensation Aquinas College reported for one person in the fiscal year ending June 30, 2025 was $332,533, for the role of PRESIDENT (LEFT 04/25) (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Aquinas College get its money?

Of $59.6 million in revenue in the fiscal year ending June 30, 2025, 14.0% came from contributions and grants (including 0.9% from government grants) and 79.7% from program service revenue (Form 990, Part VIII).

Is Aquinas College a registered charity?

The IRS lists EIN 38-1367080 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202601329349300045 · read the filing · XML
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202511359349314361 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202431369349307543 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202321359349306367 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202201309349303200 · read the filing
  • FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202121319349302812 · read the filing

All filings for EIN 38-1367080: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.