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Loyalist College of Applied Arts & Technology

Also known as College

Canada, · EIN 98-0584522 · 501(c)(3) · School
Latest filing: Form 990 for the fiscal year ending March 31, 2024 (tax year 2023) · View the filing · Correct or respond

Loyalist College of Applied Arts & Technology reported $129.7 million in revenue and $119.3 million in expenses for the fiscal year ending March 31, 2024. Of every $100 it spent, $70.23 went to program services, $29.77 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 79.8% of the total. Government grants made up 16.4%. The highest compensation it reported for one person was $212,418 (President and CEO). Revenue rose 107% between FY2021 and FY2024. Source: Form 990, FY2024.

Where $100 of spending went

The fiscal year ending March 31, 2024 · Form 990, Part IX, line 25 · total expenses $119M

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 March 31, 2024 · Form 990, Part VIII · total revenue $130M

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

FY2024 filing. Median across 5,499 covered charities in this category, from their latest filings.
MeasureFY2024Median
Program services
Part IX 25(B) ÷ 25(A)
70.2%84.4%
Management & general
Part IX 25(C) ÷ 25(A)
29.8%13.4%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%0.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.00$0.04
Contributions & grants share of revenue
Part VIII 1h ÷ 12
16.4%19.1%
Government grants share of revenue
Part VIII 1e ÷ 12
16.4%1.1%
Program service revenue share
Part VIII 2g ÷ 12
79.8%69.9%
Highest reported compensation
Part VII-A, columns D–F
$212,418$331,578
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
0.18%1.28%
People paid over $100,000
Part VII, line 2
08
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
4.713.3
Independent voting board members
Part VI 1a–1b
13 of 17100.0%

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

FY2024 · Form 990, Part III · the three largest programs by expense
$2.2M expenses · 2.6% of program spending · revenue $2.3M

Ancillary Fees - include student residences parking lot book store and food services

$11M expenses · 13.6% of program spending · revenue $11M

Enveloped funded Services - these services are funded by government grants includes job placement services educational upgrades. support training programs student athletics student IT student health services student government. student centre and alumni

$70M expenses · 83.8% of program spending · revenue $117M

Academic Programs - the college provides over 60 post secondary certificates diplomas and post graduate programs for approximately 8000 full time and 7500 part time

Highest reported compensation

FY2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
President and CEO
Director/trustee, officer, key employee, highest compensated employee, 0.00 hrs/week
$212,418$0$0$212,418
Senior VP Strategic Planning
Key employee, 0.00 hrs/week
$160,750$0$0$160,750
Senior VP External Relations
Key employee, 0.00 hrs/week
$158,740$0$0$158,740
Director of Finance
Key employee, 0.00 hrs/week
$157,020$0$0$157,020
Senior VP Academic
Key employee, 35.00 hrs/week
$151,296$0$0$151,296
Senior Director IT
Key employee, 35.00 hrs/week
$128,350$0$0$128,350
Dean
Key employee, 0.00 hrs/week
$126,315$0$0$126,315
Director
Key employee, 35.00 hrs/week
$122,395$0$0$122,395

0 people received more than $100,000 in reportable compensation from Loyalist College of Applied Arts & Technology (Part VII, line 2). Compensation of current officers, directors and key employees totaled $900K (Part IX, line 5).

4 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$50M$100M$150M$200MFY2021FY2022FY2023FY2024$130M$119M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2024 ⓘ$130M$119M70.2%$47M$212,418
FY2023 ⓘ$121M$107M70.2%$44M$171,065
FY2022 ⓘ$108M$103M70.1%$34M$207,172
FY2021 ⓘ$63M$59M70.2%$24M$182,106

Governance answers, as filed

FY2024 · 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–1b17 · 13 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • 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 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bYes
  • Employees Part I, line 50

Correct a figure or respond

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

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Questions people ask

How much of Loyalist College of Applied Arts & Technology's spending goes to programs?

In the fiscal year ending March 31, 2024, Loyalist College of Applied Arts & Technology reported that 70.2% of its $119.3 million in expenses went to program services, 29.8% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Loyalist College of Applied Arts & Technology pay its top executive?

The largest total compensation Loyalist College of Applied Arts & Technology reported for one person in the fiscal year ending March 31, 2024 was $212,418, for the role of President and CEO (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Loyalist College of Applied Arts & Technology get its money?

Of $129.7 million in revenue in the fiscal year ending March 31, 2024, 16.4% came from contributions and grants (including 16.4% from government grants) and 79.8% from program service revenue (Form 990, Part VIII).

Is Loyalist College of Applied Arts & Technology a registered charity?

The IRS lists EIN 98-0584522 as a 501(c)(3) organization (school). Form 990 filings on record here cover tax years 2020, 2021, 2022, 2023. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2024: Form 990 for the fiscal year ending March 31, 2024, object 202421589349300102 · read the filing · XML
  • FY2023: Form 990 for the fiscal year ending March 31, 2023, object 202341999349300004 · read the filing
  • FY2022: Form 990 for the fiscal year ending March 31, 2022, object 202201739349300500 · read the filing
  • FY2021: Form 990 for the fiscal year ending March 31, 2021, object 202241739349300204 · read the filing

All filings for EIN 98-0584522: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.