Gordon College
- Assets
- $191.9m
- Revenue
- $76.9m
- Investments
- $23.0k
- Employees
- 1,763
- Location
- Wenham, MA
- Founding
- 11/1941
- Data as of
- 06/2022
- 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 06/2022, Gordon College employed 1,763 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 06/2022, Gordon College generated $76.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $75.5m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 7 years. 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
2022
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 35 MAJORS AND CONFERS 3 SEPARATE UNDERGRADUATE DEGREES; BACHELOR OF ARTS, BACHELOR OF SCIENCE AND BACHELOR OF MUSIC. UNDERGRADUATE ENROLLMENT OF 1439 STUDENTS IS DRAWN FROM 36 STATES AND 25 COUNTRIES. IN 2021-22, GORDON COLLEGE ISSUED 325 UNDERGRADUATE DEGREES (WITH A SIX-YEAR GRADUATION RATE OF 68.6%). GORDON HAD A FACULTY TO STUDENT RATIO OF 11 TO 1 WITH 63% OF THE STUDENTS FROM OUTSIDE MASSACHUSETTS. OF THE 74 FULL-TIME FACULTY, 85% 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 2021-22, 66 STUDENTS PARTICIPATED IN OFF-CAMPUS PROGRAMS AND SHORT-TERM INTERNATIONAL SEMINARS.PART V, LINE 2A:EMPLOYEE BREAKOUT:STAFF - 833STUDENT - 930TOTAL - 1,763
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 1171 RESIDENT STUDENTS IN THE FALL SEMESTER 2021 AND 1097 IN THE SPRING SEMESTER 2022.
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 2021-22, THE TOTAL OF UNDUPLICATED GRADUATE STUDENTS WAS 740 DRAWN FROM 30 STATES AND 17 COUNTRIES. GORDON COLLEGE CONFERRED 97 MASTERS' DEGREES IN 2021-22.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr William Brown Trustee | Trustee | 1 | $5,000 |
Herman Smith Jr Chairman Of The Board | OfficerTrustee | 5 | $0 |
Mark Norman Vice Chair & Clerk | OfficerTrustee | 5 | $0 |
Gordon Hall Treasurer | OfficerTrustee | 5 | $0 |
Timothy Breene Trustee | Trustee | 1 | $0 |
Dr Dorothy Chappell Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bon Appetit Management Company Dining Service Management | 6/29/22 | $3,272,864 |
Ruffalo Noel Levitz Llc Admissions Consulting/marketing | 6/29/22 | $724,378 |
Hirtle Callahgan & Co Investment Management | 6/29/22 | $273,378 |
Sirem Covid Testing Supplies | 6/29/22 | $270,473 |
Breen & Sullivan Electrical Contractors | 6/29/22 | $235,834 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,710,196 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,989,631 |
| Noncash contributions included in lines 1a–1f | $118,478 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,699,827 |
| Total Program Service Revenue | $56,350,598 |
| Investment income | $1,731,985 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $33,740 |
| Net Gain/Loss on Asset Sales | $8,058,343 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $76,874,493 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $13,160,906 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,701,261 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,051,008 |
| Compensation of current officers, directors, key employees. | $623,880 |
| Compensation to disqualified persons | $214,089 |
| Other salaries and wages | $25,285,768 |
| Pension plan accruals and contributions | $24,240 |
| Other employee benefits | $5,413,265 |
| Payroll taxes | $1,750,698 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $284,668 |
| Fees for services: Accounting | $155,251 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $323,683 |
| Fees for services: Other | $7,457,298 |
| Advertising and promotion | $255,994 |
| Office expenses | $2,571,075 |
| Information technology | $1,366,015 |
| Royalties | $0 |
| Occupancy | $4,266,275 |
| Travel | $1,886,677 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,050 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,035,007 |
| Insurance | $386,400 |
| All other expenses | $350,384 |
| Total functional expenses | $75,541,560 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,467,549 |
| Savings and temporary cash investments | $2,922,688 |
| Pledges and grants receivable | $39,793,568 |
| Accounts receivable, net | $2,705,569 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $15,803 |
| Prepaid expenses and deferred charges | $1,255,447 |
| Net Land, buildings, and equipment | $46,205,132 |
| Investments—publicly traded securities | $87,743,198 |
| Investments—other securities | $22,999 |
| Investments—program-related | $1,154,592 |
| Intangible assets | $0 |
| Other assets | $647,264 |
| Total assets | $191,933,809 |
| Accounts payable and accrued expenses | $1,794,780 |
| Grants payable | $0 |
| Deferred revenue | $2,132,560 |
| Tax-exempt bond liabilities | $30,074,441 |
| Escrow or custodial account liability | $128,733 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,856,250 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,492,269 |
| Total liabilities | $47,479,033 |
| Net assets without donor restrictions | $39,659,421 |
| Net assets with donor restrictions | $104,795,355 |
| 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 | $191,933,809 |