Oberlin College
- Assets
- $1.8b
- Revenue
- $421.3m
- Investments
- $547.9m
- Employees
- 2,592
- Location
- Oberlin, OH
- Founding
- 01/1948
- Data as of
- 06/2022
- EIN
- 34-0714363
Organization Overview
Oberlin College is located in Oberlin, OH. The organization was established in 1948. 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, Oberlin College employed 2,592 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oberlin 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, Oberlin College generated $421.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $286.1m during the year ending 06/2022. While expenses have increased by 1.5% per year over the past 7 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.
Since 2015, Oberlin College has awarded 46 individual grants totaling $1,278,461. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OBERLIN COLLEGE AND CONSERVATORY EDUCATE STUDENTS FOR LIVES OF INTELLECTUAL, MUSICAL AND ARTISTIC RIGOR AND BREADTH, SUSTAINED INQUIRY, CREATIVITY AND INNOVATION, AND LEADERSHIP. OBERLIN AIMS TO PREPARE GRADUATES WITH THE KNOWLEDGE, SKILLS, AND PERSPECTIVES ESSENTIAL TO CONFRONT COMPLEX ISSUES AND TO CREATE CHANGE AND VALUE IN THE WORLD.
Describe the Organization's Program Activity:
OBERLIN COLLEGE IS A LIBERAL ARTS INSTITUTION MADE UP OF THE COLLEGE OF ARTS & SCIENCES AND THE CONSERVATORY OF MUSIC. THE COLLEGE SERVED 2,930 FULL-TIME EQUIVALENT UNDERGRADUATE STUDENTS, AWARDING SCHOLARSHIPS TO 2,905 OF THEM. THE AVERAGE STUDENT RECEIVED $31,283 IN FINANCIAL AID. THE COLLEGE IS ESSENTIALLY RESIDENTIAL. THE BALANCE OF THE STUDENT BODY IS HOUSED IN PRIVATE OFF-CAMPUS HOUSING WITHIN THE CITY OF OBERLIN, OHIO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carmen Twillie Ambar President | OfficerTrustee | 40 | $512,585 |
Kofi Asare Trustee | Trustee | 2 | $0 |
Charles S Birenbaum Trustee | Trustee | 2 | $0 |
Robin Black Trustee | Trustee | 2 | $0 |
Richard Brandt Trustee | Trustee | 4 | $0 |
T Christopher Canavan Trustee/chair | Trustee | 8 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
M A Mortenson Company Construction Services | 6/29/22 | $26,339,190 |
Avi Foodsystems Inc Food Services | 6/29/22 | $9,751,346 |
Scioto Llc Cleaning Services | 6/29/22 | $4,031,225 |
Infinity Construction Co Inc Construction Services | 6/29/22 | $4,020,703 |
Tempus Labs Inc Covid Testing | 6/29/22 | $1,637,740 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,102,736 |
| All other contributions, gifts, grants, and similar amounts not included above | $50,954,438 |
| Noncash contributions included in lines 1a–1f | $3,569,529 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $59,057,174 |
| Total Program Service Revenue | $246,363,514 |
| Investment income | $1,182,885 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,535 |
| Net Gain/Loss on Asset Sales | $114,735,988 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $421,346,096 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $386,360 |
| Grants and other assistance to domestic individuals. | $86,935,024 |
| Grants and other assistance to Foreign Orgs/Individuals | $9,595,377 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,984,257 |
| Compensation of current officers, directors, key employees. | $2,068,449 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $66,501,144 |
| Pension plan accruals and contributions | $5,658,648 |
| Other employee benefits | $9,067,279 |
| Payroll taxes | $4,990,359 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,188,596 |
| Fees for services: Accounting | $205,802 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,971,888 |
| Fees for services: Other | $0 |
| Advertising and promotion | $382,735 |
| Office expenses | $21,190,396 |
| Information technology | $1,046,727 |
| Royalties | $0 |
| Occupancy | $7,385,081 |
| Travel | $2,484,817 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,645,442 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,523,910 |
| Insurance | $1,923,985 |
| All other expenses | $17,576,577 |
| Total functional expenses | $286,125,914 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,790,160 |
| Savings and temporary cash investments | $91,077,445 |
| Pledges and grants receivable | $26,865,830 |
| Accounts receivable, net | $1,774,293 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $12,535,100 |
| Inventories for sale or use | $117,604 |
| Prepaid expenses and deferred charges | $1,808,647 |
| Net Land, buildings, and equipment | $428,871,747 |
| Investments—publicly traded securities | $636,106,591 |
| Investments—other securities | $547,916,483 |
| Investments—program-related | $6,456,592 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,820,320,492 |
| Accounts payable and accrued expenses | $48,165,610 |
| Grants payable | $0 |
| Deferred revenue | $40,331 |
| Tax-exempt bond liabilities | $79,370,000 |
| Escrow or custodial account liability | $12,869,789 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $235,595,958 |
| Other liabilities | $16,216,399 |
| Total liabilities | $392,258,087 |
| Net assets without donor restrictions | $275,391,975 |
| Net assets with donor restrictions | $1,152,670,430 |
| 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 | $1,820,320,492 |
Grants Awarded
Over the last fiscal year, Oberlin College has awarded $385,148 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF OBERLIN FIRE DEPARTMENT PURPOSE: Payment 5 of 7 towards fire truck | $136,335 |
CITY OF OBERLIN PURPOSE: Green EDGE Fund Grant / Hydro Energy Grant | $81,708 |
OBERLIN EARLY CHILDHOOD CENTER PURPOSE: OECC School Greenhouse | $43,679 |
CITY FRESH PURPOSE: Green EDGE Fund Grant - Electric Vehicle | $40,000 |
SHAGBARK HAVEN LLC PURPOSE: Green EDGE Fund Grant - Sugarbush Ecosystem LandLab | $23,835 |
SUNBOLT PURPOSE: Green EDGE Fund Grant - Workstation | $16,215 |