Nonprofit · EIN 38-1367080
AQUINAS COLLEGE INC
Tax-exempt · GRAND RAPIDS, MI 49506
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $59,580,396 | $61,128,137 | -$1,547,741 | $126,721,704 | $40,654,618 | $86,067,086 |
| June 30, 2024 | 990 | $57,216,114 | $61,505,561 | -$4,289,447 | $126,439,005 | $40,040,769 | $86,398,236 |
| June 30, 2023 | 990 | $52,349,488 | $62,364,652 | -$10,015,164 | $128,075,406 | $41,044,838 | $87,030,568 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $8,322,343
- of which government grants
- $536,361
- Program service revenue
- $47,498,329
- Investment income
- $3,367,574
- Net rental income
- $464,751
- Net gain from sales of assets
- $2,041,695
- Net income from fundraising events
- -$72,601
- Other revenue
- $392,150
Expenses
- Grants and similar amounts paid
- $24,958,384
- Compensation of officers, directors and key employees
- $650,769
- Other salaries and wages
- $15,012,757
- Salaries, compensation and benefits (total)
- $18,718,894
- Professional fundraising fees
- $19,018
- Legal fees
- $150,651
- Accounting fees
- $62,200
- Occupancy
- $2,365,975
- Travel
- $747,721
- Depreciation
- $3,013,111
- Program services (functional)
- $51,538,926
- Management and general (functional)
- $8,648,584
- Fundraising (functional)
- $940,627
Balance sheet and other
- Total assets, start of year
- $126,439,006
- Total assets, end of year
- $126,721,704
- Total liabilities, end of year
- $40,654,618
- Net assets, end of year
- $86,067,086
- Land, buildings and equipment
- $60,367,919
- Publicly traded securities
- $40,902,676
- Net assets without donor restrictions
- $29,573,193
- Net assets with donor restrictions
- $56,493,893
- Gross receipts
- $82,407,918
- Employees
- 832
- Volunteers
- 15
- Year formed
- 1892
- State of legal domicile
- MI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ALICIA CORDOBA | PRESIDENT (LEFT 04/25) Officer | 40 | $296,877 | $35,656 |
| David Cunningham | Director, NetVUE Highest-paid employee | 40 | $157,239 | $23,259 |
| Brian Divita | Associate Professor Business Administration Highest-paid employee | 40 | $136,701 | $29,153 |
| Brian Matzke | Vice President for Enrollment Management Highest-paid employee | 40 | $123,440 | $32,397 |
| TIMOTHY STAFFORD | Vice President for Finance Officer | 40 | $123,440 | $29,803 |
| Kelly Scott | AVP FOR FINANCE AND HUMAN RESOURCES Highest-paid employee | 40 | $120,348 | $11,754 |
| SCOTT TRAVIS | VICE PRESIDENT FOR ADVANCEMENT Highest-paid employee | 40 | $106,934 | $19,059 |
| TERRY KELLER | PROVOST Officer | 40 | $89,585 | $9,773 |
| JOHN LOWERY | Chair Trustee or director, Officer | 0.6 | $0 | $0 |
| MARGARET KENNEDY | Treasurer Trustee or director, Officer | 0.6 | $0 | $0 |
| ROBERT WOODHOUSE JR | Vice Chair Trustee or director, Officer | 0.6 | $0 | $0 |
| ANDOLA MATHIS | TRUSTEE Trustee or director | 0.6 | $0 | $0 |
| CONOR DUGAN | TRUSTEE Trustee or director | 0.6 | $0 | $0 |
| Hillary Roelofs | Trustee Trustee or director | 0.6 | $0 | $0 |
| JOE MURPHY | TRUSTEE Trustee or director | 0.6 | $0 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Michael Gagnon | Trustee Trustee or director | 0.6 | $0 |
| NAZAR MASSOUH | TRUSTEE Trustee or director | 0.6 | $0 |
| RICK HEUVELMAN | TRUSTEE Trustee or director | 0.6 | $0 |
| SR BARBARA REID OP | TRUSTEE Trustee or director | 0.6 | $0 |
| Sr Megan McElroy OP | Trustee Trustee or director | 0.6 | $0 |
| Sr Nathalie Meyer OP | Trustee Trustee or director | 0.6 | $0 |
| Sr Maureen Geary OP | President (Start 04/25) Officer | 40 | $0 |
990 for the year ended June 30, 2024: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ALICIA CORDOBA | PRESIDENT Officer | 40 | $310,509 | $20,546 |
| David Cunningham | Director, NetVUE Highest-paid employee | 40 | $146,512 | $18,271 |
| STEPHEN GERMIC | PROVOST EVP ACADEMIC AFFAIRS (LEFT 09/23) Highest-paid employee | 40 | $152,961 | $5,953 |
| TIMOTHY STAFFORD | Vice President for Finance Officer | 40 | $107,769 | $18,477 |
| Brian Matzke | Vice President for Enrollment Management Highest-paid employee | 40 | $106,150 | $19,269 |
| Brian Divita | Associate Professor Business Administration Highest-paid employee | 40 | $106,791 | $18,031 |
| Charles Gunnoe | Interim Provost Highest-paid employee | 40 | $101,828 | $19,372 |
| JOHN LOWERY | Chair Trustee or director, Officer | 0.6 | $0 | $0 |
| KIMBERLY HANRAHAN | TREASURER Trustee or director, Officer | 0.6 | $0 | $0 |
| THOMAS WELCH JR | VICE CHAIR Trustee or director, Officer | 0.6 | $0 | $0 |
| ANDOLA MATHIS | TRUSTEE Trustee or director | 0.6 | $0 | $0 |
| CONOR DUGAN | TRUSTEE Trustee or director | 0.6 | $0 | $0 |
| JOE MURPHY | TRUSTEE Trustee or director | 0.6 | $0 | $0 |
| MARGARET KENNEDY | TRUSTEE Trustee or director | 0.6 | $0 | $0 |
| MATT BIERSACK | TRUSTEE Trustee or director | 0.6 | $0 | $0 |
| NAZAR MASSOUH | TRUSTEE Trustee or director | 0.6 | $0 | $0 |
| RICK HEUVELMAN | TRUSTEE Trustee or director | 0.6 | $0 | $0 |
| ROBERT WOODHOUSE JR | TRUSTEE Trustee or director | 0.6 | $0 | $0 |
| SAMMUEL CUMMINGS | TRUSTEE Trustee or director | 0.6 | $0 | $0 |
| SANDRA DELGADO | TRUSTEE Trustee or director | 0.6 | $0 | $0 |
| SR BARBARA REID OP | TRUSTEE Trustee or director | 0.6 | $0 | $0 |
| THOMAS MCGOVERN | TRUSTEE Trustee or director | 0.6 | $0 | $0 |
990 for the year ended June 30, 2023: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEPHEN GERMIC | PROVOST EVP ACADEMIC AFFAIRS Highest-paid employee | 40 | $205,634 | $15,005 |
| ALICIA CORDOBA BEGAN 0722 | PRESIDENT Officer | 40 | $139,017 | $68,003 |
| KEVIN QUINN LEFT 1221 | PRESIDENT Former | 40 | $193,787 | $0 |
| GINA OSTEGREN | VP FOR ADVANCEMENT Highest-paid employee | 40 | $137,807 | $26,160 |
| NICHOLAS DAVIDSON LEFT 0523 | VP INTERCOLLEGIATE ATHLETICS Highest-paid employee | 40 | $100,752 | $21,060 |
| TIMOTHY STAFFORD | INTERIM VP FOR FINANCE Officer | 40 | $96,776 | $24,907 |
| MARCIE HILLARY | CHAIR Trustee or director, Officer | 0.6 | $0 | $0 |
| KIMBERLY HANRAHAN | TREASURER Trustee or director, Officer | 0.6 | $0 | $0 |
| SANDRA DELGADO | TRUSTEE Trustee or director | 0.6 | $0 | $0 |
| RICK HEUVELMAN | TRUSTEE Trustee or director | 0.6 | $0 | $0 |
| JOHN LOWERY | SECRETARY Trustee or director | 0.6 | $0 | $0 |
| ANDOLA MATHIS | TRUSTEE Trustee or director | 0.6 | $0 | $0 |
| THOMAS MCGOVERN | TRUSTEE Trustee or director | 0.6 | $0 | $0 |
| JOE MURPHY | TRUSTEE Trustee or director | 0.6 | $0 | $0 |
| SR BARBARA REID OP | TRUSTEE Trustee or director | 0.6 | $0 | $0 |
| THOMAS WELCH JR | VICE CHAIR Trustee or director | 0.6 | $0 | $0 |
| SAMMUEL CUMMINGS | TRUSTEE Trustee or director | 0.6 | $0 | $0 |
| ROBERT WOODHOUSE JR | TRUSTEE Trustee or director | 0.6 | $0 | $0 |
| MARGARET KENNEDY | TRUSTEE Trustee or director | 0.6 | $0 | $0 |
| MATT BIERSACK | TRUSTEE Trustee or director | 0.6 | $0 | $0 |
| CONOR DUGAN | TRUSTEE Trustee or director | 0.6 | $0 | $0 |
| NAZAR MASSOUH | TRUSTEE Trustee or director | 0.6 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1700 FULTON ST E, GRAND RAPIDS, MI 49506-1801
- In care of
- % TIMOTHY STAFFORD
- Principal officer (990 for 2024)
- Timothy J Stafford, 1700 FULTON STREET EAST, GRAND RAPIDS, MI 495061801
- Signed the 990
- Timothy J Stafford, VP FOR FINANCE
- Phone
- (616) 632-8900
- Website
- WWW.AQUINAS.EDU
- Return prepared by
- Forvis Mazars LLP
Mission
AQUINAS COLLEGE, AN INCLUSIVE EDUCATIONAL COMMUNITY ROOTED IN THE CATHOLIC DOMINICAN TRADITION, PROVIDES A LIBERAL ARTS EDUCATION WITH A GLOBAL PERSPECTIVE, EMPHASIZES CAREER PREPARATION FOCUSED ON LEADERSHIP AND SERVICES TO OTHERS, AND FOSTERS A COMMITMENT TO A LIFELONG LEARNING DEDICATED TO THE PURSUIT OF TRUTH AND THE COMMON GOOD.
Program accomplishments
- 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.Expenses $51,538,926 · grants $24,958,384 · revenue $47,498,329
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 38-1367080
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Exempt since
- 1946
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B430)
- Group exemption
- 0928: UNITED STATES CATHOLIC CONFERENCE
- Assets (IRS master file)
- $126,721,704
- Income (IRS master file)
- $82,407,918
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $59,580,396 | $61,128,137 | $126,721,704 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $57,216,114 | $61,505,561 | $126,439,005 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $52,349,488 | $62,364,652 | $128,075,406 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $60,566,331 | $62,222,103 | $130,597,146 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 38-1367080).
Questions about AQUINAS COLLEGE INC
- What is the EIN of AQUINAS COLLEGE INC?
- The employer identification number (EIN) of AQUINAS COLLEGE INC is 38-1367080.
- Is AQUINAS COLLEGE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1946.
- Which annual return does AQUINAS COLLEGE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of AQUINAS COLLEGE INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did AQUINAS COLLEGE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of AQUINAS COLLEGE INC?
- The 990 for the year ended June 30, 2025 names Timothy J Stafford.
- Who are the officers and directors of AQUINAS COLLEGE INC?
- The 990 for the year ended June 30, 2025 lists 22 people; 8 received compensation from the organization, the highest $296,877 (ALICIA CORDOBA, PRESIDENT (LEFT 04/25)).
- How much revenue does AQUINAS COLLEGE INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $59,580,396, expenses of $61,128,137 and total assets of $126,721,704 at year end.
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