College Of Wooster
- Assets
- $694.7m
- Revenue
- $184.9m
- Investments
- $315.8m
- Employees
- 2,061
- Location
- Wooster, OH
- Founding
- 03/1953
- Data as of
- 06/2021
- EIN
- 34-0714654
Organization Overview
College Of Wooster is located in Wooster, OH. The organization was established in 1953. 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, College Of Wooster employed 2,061 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. College Of Wooster 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, College Of Wooster generated $184.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $158.8m during the year ending 06/2021. While expenses have increased by 2.0% 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.
Since 2015, College Of Wooster has awarded 19 individual grants totaling $188,223. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE COLLEGE OF WOOSTER IS A COMMUNITY OF INDEPENDENT MINDS, WORKING TOGETHER TO PREPARE STUDENTS TO BECOME LEADERS OF CHARACTER AND INFLUENCE IN AN INTERDEPENDENT GLOBAL COMMUNITY.
Describe the Organization's Program Activity:
INSTRUCTION - THE COLLEGE OF WOOSTER IS A LIBERAL ARTS INSTITUTION THAT ENGAGES MOTIVATED STUDENTS IN A RIGOROUS AND DYNAMIC LIBERAL EDUCATION. STUDENTS ARE MENTORED BY A FACULTY NATIONALLY RECOGNIZED FOR EXCELLENCE IN TEACHING. WOOSTER GRADUATES ARE CREATIVE AND INDEPENDENT THINKERS WITH EXCEPTIONAL ABILITIES TO ASK IMPORTANT QUESTIONS, RESEARCH COMPLEX ISSUES, SOLVE PROBLEMS, AND COMMUNICATE NEW KNOWLEDGE AND INSIGHT.THE COLLEGE OF WOOSTER AWARDED SCHOLARSHIPS TO 1,887 UNDERGRADUATE STUDENTS, AVERAGING $31,715 PER STUDENT, TO ASSIST IN MEETING CALCULATED FINANCIAL NEED.
STUDENT SERVICES - THE COLLEGE OF WOOSTER SUPPORTS THE HOLISTIC GROWTH AND DEVELOPMENT OF STUDENTS THROUGH MEANINGFUL EXPERIENCES THAT FOSTER LEADERSHIP, SOCIAL AND MULTI-CULTURAL INTERACTIONS, AND COMMUNITY BUILDING. THE COLLEGE'S 125 STUDENT ORGANIZATIONS AND 23 ATHLETIC TEAMS REFLECT THE WIDE RANGE OF STUDENT INTERESTS, IDEAS, HOBBIES, AND PASSIONS.
AUXILIARY SERVICES - THE COLLEGE OF WOOSTER IS A RESIDENTIAL CAMPUS WITH OVER 99% OF ENROLLED STUDENTS RESIDING IN A RESIDENCE HALL OR PROGRAM HOUSE. THE OFFICE OF RESIDENCE LIFE MANAGES 15 RESIDENCE HALLS AND 32 PROGRAM HOUSES. STUDENTS HAVE SEVERAL THEME OPTIONS AVAILABLE INCLUDING CROSS CULTURAL LEARNING EXPERIENCES, LUCE LANGUAGE SUITES, INDEPENDENT SENIOR HOUSING, AND GREEK HOUSING.
RESEARCH PROGRAMS, PUBLIC & ACADEMIC SUPPORT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah R Bolton President | OfficerTrustee | 60 | $322,993 |
Scott Friedhoff VP Of Enrollment & College Relations | Officer | 60 | $258,699 |
James E Prince VP Fin. & Bus./treasurer | Officer | 60 | $237,721 |
Wayne P Webster VP For Advancement | Officer | 60 | $217,856 |
Scott C Brown VP Of Sa/dean Of Students | Officer | 60 | $188,791 |
Ivonne M Garcia Chief Diversity Officer | Officer | 60 | $186,157 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bogner Construction Company Construction | 6/29/21 | $477,597 |
Eab Global Inc Dba Eab Admission Consultants | 6/29/21 | $438,177 |
Bergmeyer Associates Prof Svc: Architects | 6/29/21 | $1,547,787 |
Bogner Corporation Construction/project Related | 6/29/21 | $3,571,142 |
Monticello Associates Inc Investment Advisors | 6/29/21 | $270,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $4,587 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $58,226 |
| Government grants | $5,552,112 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,110,605 |
| Noncash contributions included in lines 1a–1f | $1,805,759 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,725,530 |
| Total Program Service Revenue | $119,017,892 |
| Investment income | $6,594,476 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $20,855 |
| Net Rental Income | $56,670 |
| Net Gain/Loss on Asset Sales | $28,501,290 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $184,916,713 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $21,474 |
| Grants and other assistance to domestic individuals. | $53,995,884 |
| Grants and other assistance to Foreign Orgs/Individuals | $10,761,430 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,003,958 |
| Compensation of current officers, directors, key employees. | $730,944 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $40,226,948 |
| Pension plan accruals and contributions | $2,462,193 |
| Other employee benefits | $10,783,407 |
| Payroll taxes | $2,955,816 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $320,533 |
| Fees for services: Accounting | $96,244 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $18,000 |
| Fees for services: Investment Management | $2,942,377 |
| Fees for services: Other | $2,279,127 |
| Advertising and promotion | $76,289 |
| Office expenses | $5,610,319 |
| Information technology | $1,901,907 |
| Royalties | $3,378 |
| Occupancy | $2,736,396 |
| Travel | $669,325 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $140,523 |
| Interest | $1,806,833 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,275,133 |
| Insurance | $44,203 |
| All other expenses | $1,694,866 |
| Total functional expenses | $158,839,898 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,661,228 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $28,215,617 |
| Accounts receivable, net | $1,852,635 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $491,118 |
| Prepaid expenses and deferred charges | $3,779,365 |
| Net Land, buildings, and equipment | $172,211,901 |
| Investments—publicly traded securities | $159,874,412 |
| Investments—other securities | $315,805,382 |
| Investments—program-related | $1,164,577 |
| Intangible assets | $0 |
| Other assets | $7,627,675 |
| Total assets | $694,683,910 |
| Accounts payable and accrued expenses | $10,387,367 |
| Grants payable | $0 |
| Deferred revenue | $1,818,463 |
| Tax-exempt bond liabilities | $42,849,423 |
| 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 | $15,527,090 |
| Total liabilities | $70,582,343 |
| Net assets without donor restrictions | $309,066,778 |
| Net assets with donor restrictions | $315,034,789 |
| 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 | $694,683,910 |
Grants Awarded
Over the last fiscal year, College Of Wooster has awarded $14,650 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Wooster, OH PURPOSE: Campus Ministry - Soup and Bread Program | $8,500 |
Wooster, OH PURPOSE: Student Educational Support - Lecture Series Sponsored by the College of Wooster | $6,150 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that College Of Wooster has recieved totaling $100,500.
| Awarding Organization | Amount |
|---|---|
Wallace Genetic Foundation Ii Inc Washington, DC PURPOSE: TO SUPPORTENVIRONMENTALSTUDIES PROGRAM | $100,000 |
Niccum Educational Trust Foundation First National Bank Of Goshen Ttee Greenfield, IN PURPOSE: GENERAL | $500 |
Endowment Analysis
| Beg. Balance | $332,606,033 |
| Earnings | $109,461,622 |
| Net Contributions | $5,193,779 |
| Other Expense | $16,051,207 |
| Ending Balance | $431,210,227 |
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 |