St Philomena College is managed by the Catholic Board of Education (CBE) of the Diocese of Mangalore which is registered under the Societies Registration Act of 1860. Started in 1932, the CBE has under its care 10 Degree Colleges, 16 Pre-University Colleges, 60 High Schools, 167 Higher Primary Schools, 120 Pre-Primary Schools, 1 Technical Institute and 1 Nursery Teachers Training School. His Excellency Most Rev. Dr Peter Paul Saldanha, Bishop of Mangalore Diocese is the President of the CBE.