Gordon College
- Assets
- $215.4m
- Revenue
- $107.4m
- Investments
- $23.0k
- Employees
- 1,759
- Location
- Wenham, MA
- Founding
- 11/1941
- Data as of
- 06/2021
- EIN
- 04-2104258
Organization Overview
Gordon College is located in Wenham, MA. The organization was established in 1941. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Gordon College employed 1,759 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gordon College is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Gordon College generated $107.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $89.5m during the year ending 06/2021. While expenses have increased by 0.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
GORDON COLLEGE STRIVES TO GRADUATE MEN & WOMEN DISTINGUISHED BY (CONTINUED ON SCHEDULE O) (CONTINUATION) INTELLECTUAL MATURITY AND CHRISTIAN CHARACTER, COMMITTED TO LIVES OF SERVICE AND PREPARED FOR LEADERSHIP WORLDWIDE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HIGHER EDUCATION: OUR LARGEST PROGRAM SERVICE IS PROVIDING EDUCATION AND INSTRUCTION TO INDIVIDUALS GIVING THEM AN OPPORTUNITY TO EARN A DEGREE. GORDON COLLEGE IS THE ONLY NONDENOMINATIONAL CHRISTIAN LIBERAL ARTS COLLEGE IN NEW ENGLAND. IT OFFERS 33 MAJORS AND CONFERS 3 SEPARATE UNDERGRADUATE DEGREES; BACHELOR OF ARTS, BACHELOR OF SCIENCE AND BACHELOR OF MUSIC. UNDERGRADUATE ENROLLMENT OF 1451 STUDENTS IS DRAWN FROM 46 STATES AND 35 COUNTRIES. IN 2020-21, GORDON COLLEGE ISSUED 362 UNDERGRADUATE DEGREES (WITH A SIX-YEAR GRADUATION RATE OF 72%). GORDON HAD A FACULTY TO STUDENT RATIO OF 10 TO 1 WITH 67% OF THE STUDENTS FROM OUTSIDE MASSACHUSETTS. OF THE 76 FULL-TIME FACULTY, 88% HAVE EARNED DOCTORATES. (CONTINUED ON SCHEDULE O)GORDON COLLEGE STUDENTS CAN TAKE ADVANTAGE OF A WIDE VARIETY OF OFF-CAMPUS PROGRAMS, BOTH DOMESTIC AND ABROAD. DURING 2020-21, 108 STUDENTS PARTICIPATED IN OFF-CAMPUS PROGRAMS AND SHORT-TERM INTERNATIONAL SEMINARS.
AUXILIARY PROGRAMS RELATED TO THE EDUCATIONAL PROCESS FOR DORMITORY HOUSING, FOOD SERVICE, BOOKSTORE, LAVIDA OUTDOOR EXPERIENCE, BALANCE AND MOBILITY CENTER, SUMMER ATHLETIC CAMPS AND OTHER SUMMER PROGRAMS. THERE WERE 11811 RESIDENT STUDENTS IN THE FALL SEMESTER 2020 AND 1061 IN THE SPRING SEMESTER 2021.
HIGHER EDUCATION: GORDON COLLEGE HAS GRADUATE PROGRAMS IN EDUCATION, MUSIC EDUCATION, LEADERSHIP, AND FINANCIAL ANALYSIS CONFERRING DEGREES IN MASTERS OF EDUCATION, MASTERS OF MUSIC EDUCATION, MASTER OF ARTS IN LEADERSHIP, AND MASTER OF SCIENCE IN FINANCIAL ANALYSIS. IN 2020-21, THE TOTAL OF UNDUPLICATED GRADUATE STUDENTS WAS 725 DRAWN FROM 23 STATES AND 19 COUNTRIES. GORDON COLLEGE CONFERRED 114 MASTERS' DEGREES IN 2020-21.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
D Michael Lindsay President | Officer | 60 | $573,134 |
John Truschel VP For Finance & Bd (thru Of 11/20) | Officer | 60 | $208,294 |
Daniel Tymann Evp And Chief Of Staff | Officer | 60 | $177,192 |
Larry Dale Hoezee VP For Enrollment | 60 | $167,713 | |
Sandra Doneski Evp For Acad Affairs | Officer | 60 | $166,700 |
Jewerl Maxwell Vice President For Academic Initiative | 60 | $165,355 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bon Appetit Management Company Dining Service Management | 6/29/21 | $2,653,446 |
Ruffalo Noel Levitz Llc Admissions Consulting/marketing | 6/29/21 | $570,648 |
Breen & Sullivan Electrical Contractor | 6/29/21 | $327,852 |
Spraque Operating Resources Llc Energy Supplier | 6/29/21 | $334,948 |
Wellington Trust Company Investment Management | 6/29/21 | $387,482 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,568,493 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,673,246 |
| Noncash contributions included in lines 1a–1f | $141,626 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,241,739 |
| Total Program Service Revenue | $73,102,265 |
| Investment income | $1,318,762 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $20,028 |
| Net Rental Income | $12,595 |
| Net Gain/Loss on Asset Sales | $23,705,359 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $107,400,748 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $27,439,338 |
| Grants and other assistance to Foreign Orgs/Individuals | $2,604,988 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,121,753 |
| Compensation of current officers, directors, key employees. | $1,111,828 |
| Compensation to disqualified persons | $158,730 |
| Other salaries and wages | $25,467,984 |
| Pension plan accruals and contributions | $49,004 |
| Other employee benefits | $6,187,409 |
| Payroll taxes | $1,764,201 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $151,944 |
| Fees for services: Accounting | $111,564 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $108,025 |
| Fees for services: Investment Management | $392,492 |
| Fees for services: Other | $7,369,319 |
| Advertising and promotion | $334,000 |
| Office expenses | $2,379,630 |
| Information technology | $1,240,020 |
| Royalties | $0 |
| Occupancy | $3,988,017 |
| Travel | $764,114 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,924 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,118,347 |
| Insurance | $370,427 |
| All other expenses | $462,329 |
| Total functional expenses | $89,528,409 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,784,212 |
| Savings and temporary cash investments | $2,854,154 |
| Pledges and grants receivable | $44,300,008 |
| Accounts receivable, net | $1,719,133 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $13,924 |
| Prepaid expenses and deferred charges | $1,208,229 |
| Net Land, buildings, and equipment | $48,850,361 |
| Investments—publicly traded securities | $101,554,210 |
| Investments—other securities | $22,999 |
| Investments—program-related | $1,532,723 |
| Intangible assets | $0 |
| Other assets | $1,586,999 |
| Total assets | $215,426,952 |
| Accounts payable and accrued expenses | $2,125,759 |
| Grants payable | $0 |
| Deferred revenue | $10,441,595 |
| Tax-exempt bond liabilities | $32,207,225 |
| Escrow or custodial account liability | $139,456 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,242,570 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,403,704 |
| Total liabilities | $53,560,309 |
| Net assets without donor restrictions | $38,059,146 |
| Net assets with donor restrictions | $123,807,497 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $215,426,952 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Gordon College has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Leslie Peter Foundation New York, NY PURPOSE: EDUCATION PROGRAMS | $15,000 |
Endowment Analysis
| Beg. Balance | $78,099,186 |
| Earnings | $19,472,316 |
| Net Contributions | $5,208,842 |
| Other Expense | $1,737,845 |
| Grants | $2,105,789 |
| Ending Balance | $98,936,710 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Berklee College Of Music Inc Boston, MA | $854,558,047 | $384,612,408 |
Ithaca College Ithaca, NY | $834,703,732 | $365,679,639 |
Trustees Of Amherst College Amherst, MA | $4,260,760,426 | $407,702,412 |
Wellesley College Wellsley, MA | $4,125,529,097 | $515,515,442 |
Touro University New York, NY | $558,489,117 | $321,976,604 |
Williams College Williamstown, MA | $5,589,417,372 | $397,351,793 |
Providence College Providence, RI | $748,292,244 | $299,300,711 |
Wesleyan University Middletown, CT | $1,706,429,000 | $326,592,000 |
Emerson College Boston, MA | $1,139,244,716 | $275,696,398 |
Colgate University Treasurers Office Hamilton, NY | $1,984,946,016 | $378,114,548 |
Trustees Of The College Of The Holy Cross Worcester, MA | $1,320,181,892 | $265,241,305 |
Babson College Babson Park, MA | $1,084,295,364 | $304,101,925 |