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Aquinas Institute Inc

Aquinas Institute

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Religion Related, Spiritual Development N.E.C. (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$152k (2024)

Expenses
$158k (2024)

Total Assets
$812k (2024)

Total Liabilities
$1.04M (2024)

Source: Form 990 tax filings from 2012 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$151,949
Expenses
$157,797
Net Income
-$5,848
Net Assets
-$228,088
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $24,003
15.8%
Interest Revenue $43
0.0%
Dividends $0
Sales of Assets $5,000
3.3%
Other Income $122,903
80.9%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $5,278
3.3%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $811,576
Total Liabilities $1,039,664
Net Assets -$228,088
Compensation
Key Employees and Officers Compensation Other
John Mortensen (President) $0 $0
Beth Mortensen (Board Member) $0 $0
Marietta Mortensen (Board Member) $0 $0

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$162,445
Expenses
$400,411
Net Income
-$237,966
Net Assets
-$222,240
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $31,015
19.1%
Interest Revenue $0
Dividends $53
0.0%
Sales of Assets $0
Other Income $107,377
66.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $70,865
17.7%
Compensation of Officers* $120,000
30.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $782,395
Total Liabilities $1,004,635
Net Assets -$222,240
Compensation
Key Employees and Officers Compensation Other
John Mortensen (President) $60,000 $0
Beth Mortensen (Board Member) $60,000 $0
Marietta Mortensen (Board Member) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$224,443
Expenses
$253,398
Net Income
-$28,955
Net Assets
$15,726
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $70,876
31.6%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $138,752
61.8%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $42,085
16.6%
Compensation of Officers* $52,854
20.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $791,060
Total Liabilities $775,334
Net Assets $15,726
Compensation
Key Employees and Officers Compensation Other
John Mortensen (President) $28,427 $0
Beth Mortensen (Board Member) $24,427 $0
Marietta Mortensen (Board Member) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$238,596
Expenses
$417,326
Net Income
-$178,730
Net Assets
$44,681
Notable Sources of Revenue Percent of Total Revenue
Contributions $135,748
56.9%
Program Services $0
Investment Income $142,734
59.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$89,374
Net Inventory Sales $1,543
0.6%
Other Revenue $47,945
20.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $106,667
25.6%
Professional Fundraising Fees $0
Other Salaries and Wages $124,297
29.8%
Assets/Debt
Total Assets $58,792
Total Liabilities $14,111
Net Assets $44,681
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
John Mortensen (President) $101,972 $0 $0
Jeremy Holmes (Treasurer) $0 $0 $0
Peter Kwasniewski (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$395,889
Expenses
$515,339
Net Income
-$119,450
Net Assets
$223,411
Notable Sources of Revenue Percent of Total Revenue
Contributions $305,630
77.2%
Program Services $0
Investment Income $85,789
21.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$19
Net Inventory Sales -$1,345
Other Revenue $5,834
1.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $80,250
15.6%
Professional Fundraising Fees $0
Other Salaries and Wages $226,034
43.9%
Assets/Debt
Total Assets $220,760
Total Liabilities -$2,651
Net Assets $223,411
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
John Mortensen (President) $63,750 $0 $0
Peter Kwasniewski (Secretary) $9,000 $0 $0
Jeremy Holmes (Treasurer) $7,500 $0 $0

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Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$373,830
Expenses
$291,675
Net Income
$82,155
Net Assets
$342,861
Notable Sources of Revenue Percent of Total Revenue
Contributions $104,938
28.1%
Program Services $0
Investment Income $265,240
71.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $3,652
1.0%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $134,500
46.1%
Professional Fundraising Fees $0
Other Salaries and Wages $41,408
14.2%
Assets/Debt
Total Assets $350,244
Total Liabilities $7,383
Net Assets $342,861
Compensation
Key Employees and Officers Compensation Related Other
John Mortensen (President) $75,000 $0 $0
Beth Mortensen () $50,000 $0 $0
Jeremy Holmes (Treasurer) $9,500 $0 $0
Peter Kwasniewski (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$257,104
Expenses
$321,473
Net Income
-$64,369
Net Assets
$260,706
Notable Sources of Revenue Percent of Total Revenue
Contributions $143,471
55.8%
Program Services $4,965
1.9%
Investment Income $56,906
22.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $51,762
20.1%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $137,125
42.7%
Professional Fundraising Fees $0
Other Salaries and Wages $41,939
13.0%
Assets/Debt
Total Assets $398,216
Total Liabilities $137,510
Net Assets $260,706
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
John Mortensen (President) $62,500 $0 $0
Beth Mortensen () $50,000 $0 $0
Jeremy Holmes (Treasurer) $15,000 $0 $0
Peter Kwasniewski (Secretary) $9,625 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$176,183
Expenses
$207,513
Net Income
-$31,330
Net Assets
$325,075
Notable Sources of Revenue Percent of Total Revenue
Contributions $64,061
36.4%
Program Services $0
Investment Income $56,175
31.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $55,947
31.8%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $111,715
53.8%
Professional Fundraising Fees $0
Other Salaries and Wages $20,325
9.8%
Assets/Debt
Total Assets $497,658
Total Liabilities $172,583
Net Assets $325,075
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
John Mortensen (President) $50,000 $0 $0
Beth Mortensen () $50,000 $0 $0
Jeremy Holmes (Treasurer) $6,360 $0 $0
Peter Kwasniewski (Secretary) $5,355 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$244,058
Expenses
$176,268
Net Income
$67,790
Net Assets
$356,405
Notable Sources of Revenue Percent of Total Revenue
Contributions $68,111
27.9%
Program Services $0
Investment Income $59,078
24.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $116,869
47.9%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $50,690
28.8%
Professional Fundraising Fees $0
Other Salaries and Wages $73,030
41.4%
Assets/Debt
Total Assets $592,433
Total Liabilities $236,028
Net Assets $356,405
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
John Mortensen (President) $41,090 $0 $0
Peter Kwasniewski (Secretary) $9,600 $0 $0
Jeremy Holmes (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$228,255
Expenses
$161,392
Net Income
$66,863
Net Assets
$288,615
Notable Sources of Revenue Percent of Total Revenue
Contributions $113,605
49.8%
Program Services $0
Investment Income $44,311
19.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $70,339
30.8%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $89,530
55.5%
Professional Fundraising Fees $0
Other Salaries and Wages $15,219
9.4%
Assets/Debt
Total Assets $562,961
Total Liabilities $274,346
Net Assets $288,615

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$225,031
Expenses
$156,077
Net Income
$68,954
Net Assets
$221,752
Notable Sources of Revenue Percent of Total Revenue
Contributions $10,788
4.8%
Program Services $0
Investment Income $49,814
22.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $164,429
73.1%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $97,900
62.7%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $333,668
Total Liabilities $111,916
Net Assets $221,752
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Beth Mortensen (Director) $77,900 $0 $0
Peter Kwasniewski (Secretary) $10,000 $0 $0
John Mortensen (President) $5,000 $0 $0
Michael Bolin (Director) $3,333 $0 $0
Jeremy Holmes (Treasurer) $1,667 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$210,256
Expenses
$181,151
Net Income
$29,105
Net Assets
$152,798
Notable Sources of Revenue Percent of Total Revenue
Contributions $11,460
5.5%
Program Services $0
Investment Income $89,083
42.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $109,713
52.2%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $19,500
10.8%
Professional Fundraising Fees $0
Other Salaries and Wages $13,965
7.7%
Assets/Debt
Total Assets $616,652
Total Liabilities $463,854
Net Assets $152,798
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Beth Mortensen (Director) $19,500 $0 $0
Michael Bolin (Director) $0 $0 $0
John Mortensen (President) $0 $0 $0
Peter Kwasniewski (Secretary) $0 $0 $0
Jeremy Holmes (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$166,580
Expenses
$43,972
Net Income
$122,608
Net Assets
$123,693
Notable Sources of Revenue Percent of Total Revenue
Contributions $94,631
56.8%
Program Services $0
Investment Income $36,000
21.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $35,949
21.6%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $566,443
Total Liabilities $442,750
Net Assets $123,693

Document Links

About This Data

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Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

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Types of Nonprofits

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