Kenyon College
- Assets
- $1.0b
- Revenue
- $159.0m
- Investments
- $492.4m
- Employees
- 1,792
- Location
- Gambier, OH
- Founding
- 08/1935
- Data as of
- 06/2021
- EIN
- 31-4379507
Organization Overview
Kenyon College is located in Gambier, OH. The organization was established in 1935. 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, Kenyon College employed 1,792 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kenyon 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, Kenyon College generated $159.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $150.4m during the year ending 06/2021. While expenses have increased by 1.4% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
KENYON COLLEGE IS A PRIVATE LIBERAL ARTS EDUCATIONAL INSTITUTION WITH APPROXIMATELY 1,700 STUDENTS AND 200 PROFESSORS. THE COLLEGE HAS 18 DEPARTMENTS AND 13 INTERDISCIPLINARY PROGRAMS.
Describe the Organization's Program Activity:
THE COLLEGE OFFERS 26 MAJORS LEADING TO A BACHELOR'S DEGREE WITH A STUDENT-TO-FACULTY RATIO OF 10 TO 1. IN ADDITION, THE COLLEGE OFFERS 10 CONCENTRATIONS; PRE-PROFESSIONAL ADVISING FOR GRADUATE OR PROFESSIONAL SCHOOL IN BUSINESS, EDUCATION, ENGINEERING, LAW, AND MEDICINE; AND A NUMBER OF COOPERATIVE PROGRAMS INVOLVING OTHER INSTITUTIONS. STUDENT LIFE IS ACTIVE AND MULTIFACETED INCLUDING INTERCOLLEGIATE AND INTRAMURAL ATHLETICS, PERFORMING ARTS GROUPS, SORORITIES AND FRATERNITIES, AND EDUCATIONAL OPPORTUNITIES IN SEVERAL FOREIGN COUNTRIES. THE COLLEGE'S ON-CAMPUS ENROLLMENT IS APPROXIMATELY 1,700 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sean M Decatur President & Trustee | OfficerTrustee | 40 | $678,187 |
Colleen M Garland VP For Advancement | Officer | 40 | $281,552 |
Diane Anci VP Enroll/dean Adm&finaid | Officer | 40 | $218,230 |
Joseph L Klesner Professor | 40 | $209,310 | |
David H Lynn Special Asst.to Pres./professor | 40 | $197,323 | |
Todd E Burson VP For Finance | Officer | 40 | $182,895 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Avi Foodsystems Inc Food Service | 6/29/21 | $3,654,806 |
Smoot Construction Co Of Ohio Construction | 6/29/21 | $29,012,201 |
Gund Partnership Architecture&planning | 6/29/21 | $2,423,133 |
Supaj Inc Housing | 6/29/21 | $600,000 |
Everly Well Inc Medical Testing | 6/29/21 | $986,091 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,412,716 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,534,167 |
| Noncash contributions included in lines 1a–1f | $3,535,441 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,946,883 |
| Total Program Service Revenue | $100,767,553 |
| Investment income | $4,990,111 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$122,950 |
| Net Gain/Loss on Asset Sales | $26,372,908 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $159,022,032 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $39,968,167 |
| Grants and other assistance to Foreign Orgs/Individuals | $892,365 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,108,315 |
| Compensation of current officers, directors, key employees. | $1,452,564 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $44,125,783 |
| Pension plan accruals and contributions | $3,768,208 |
| Other employee benefits | $8,041,431 |
| Payroll taxes | $3,338,172 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,616,018 |
| Fees for services: Accounting | $158,471 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,622,363 |
| Fees for services: Other | $2,348,332 |
| Advertising and promotion | $0 |
| Office expenses | $2,008,263 |
| Information technology | $1,581,454 |
| Royalties | $0 |
| Occupancy | $3,920,627 |
| Travel | $912,651 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,298,221 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,960,729 |
| Insurance | $313,476 |
| All other expenses | $4,692,520 |
| Total functional expenses | $150,375,116 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $54,120,464 |
| Pledges and grants receivable | $25,319,561 |
| Accounts receivable, net | $5,751,633 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $867,291 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $247,665,074 |
| Investments—publicly traded securities | $78,748,690 |
| Investments—other securities | $492,408,195 |
| Investments—program-related | $4,139,687 |
| Intangible assets | $0 |
| Other assets | $117,110,761 |
| Total assets | $1,026,131,356 |
| Accounts payable and accrued expenses | $13,394,018 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $266,558,305 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $18,533,530 |
| Total liabilities | $298,485,853 |
| Net assets without donor restrictions | $404,798,433 |
| Net assets with donor restrictions | $322,847,070 |
| 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 | $1,026,131,356 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Kenyon College has recieved totaling $557,545.
| Awarding Organization | Amount |
|---|---|
Bruce And Deborah Duncan Foundation Naples, FL PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $540,000 |
Thornwell Family Foundation Inc Atlanta, GA PURPOSE: MATCHING GIFT PROGRAM - GENERAL FUND | $10,000 |
The Edwin J And Barbara R Berkowitz Family Foundation Bryn Mawr, PA PURPOSE: GENERAL PURPOSE | $5,000 |
Swagelok Foundation Solon, OH PURPOSE: TO FURTHER THE ORGANIZATION'S TAX EXEMPT PURPOSE | $2,545 |
Endowment Analysis
| Beg. Balance | $409,156,876 |
| Earnings | $133,046,285 |
| Net Contributions | $11,929,411 |
| Other Expense | $17,034,105 |
| Grants | $5,512,554 |
| Ending Balance | $531,585,913 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Saint Josephs University Philadelphia, PA | $901,366,941 | $347,052,680 |
Oberlin College Oberlin, OH | $1,432,118,020 | $305,531,376 |
Lafayette College Easton, PA | $1,381,563,896 | $228,460,340 |
Swarthmore College Swarthmore, PA | $3,573,029,000 | $364,464,007 |
Denison University Granville, OH | $1,502,847,785 | $275,909,448 |
Indiana Wesleyan University Marion, IN | $535,078,455 | $212,201,058 |
Gettysburg College Gettysburg, PA | $570,755,194 | $196,773,554 |
Franklin & Marshall College Lancaster, PA | $899,256,737 | $209,519,207 |
Dickinson College Carlisle, PA | $727,423,592 | $183,897,570 |
Depauw University Greencastle, IN | $1,044,669,443 | $170,125,801 |
Hillsdale College Hillsdale, MI | $1,230,310,896 | $287,422,849 |
Bryn Mawr College Bryn Mawr, PA | $1,564,567,339 | $239,161,459 |