Defiance College
- Assets
- $44.6m
- Revenue
- $25.0m
- Investments
- $145.7k
- Employees
- 419
- Location
- Defiance, OH
- Founding
- 11/1946
- Data as of
- 06/2022
- EIN
- 34-4430762
Organization Overview
Defiance College is located in Defiance, OH. The organization was established in 1946. 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, Defiance College employed 419 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Defiance 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, Defiance College generated $25.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $26.9m during the year ending 06/2022. While expenses have increased by 0.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
DEFIANCE COLLEGE GRADUATES STUDENTS TO LEAD DISTINCTIVE LIVES IN THEIR CHOSEN PROFESSIONS THROUGH A SPIRIT OF SERVICE BY PREPARING THEM TO KNOW, TO UNDERSTAND, TO LEAD, AND TO SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
POST-SECONDARY EDUCATION: FOUR-YEAR PRIVATE LIBERAL ARTS RESIDENTIAL COLLEGE ACCREDITED BY THE HIGHER LEARNING COMMISSION OF NORTH CENTRAL ASSOCIATIONS OF COLLEGES AND UNIVERSITIES SERVING APPROXIMATELY 600 STUDENTS ON A 150-ACRE CAMPUS IN NORTHWESTERN OHIO. DEGREES AWARDED IN ASSOCIATE OF ARTS, BACHELOR OF SCIENCE, BACHELOR OF ARTS, MASTER OF ARTS IN EDUCATION, AND MASTERS IN BUSINESS ADMINISTRATION. THE COLLEGE'S SUPPORT IS DERIVED FROM STUDENT TUITION, FEES, GRANTS, PRIVATE GIFTS, AND AUXILIARY SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richanne Mankey Edd President | Officer | 50 | $200,118 |
Agnes Caldwell PHD VP Academics | Officer | 50 | $153,223 |
Timothy Pruett CPA VP Finance | Officer | 50 | $119,243 |
Tracey Ford VP Enrollment | Officer | 50 | $116,873 |
Lisa Marsalek VP Student Affairs | Officer | 50 | $100,246 |
Michael Miller Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hallmark Management Services Food Service | 6/29/19 | $1,029,776 |
Wff Facility Services Housekeeping | 6/29/19 | $470,232 |
Metalink Technologies Computer Servic | 6/29/19 | $361,391 |
Hubbard Company Office Supplies | 6/29/19 | $248,389 |
Fire Engine Red Admis Consult | 6/29/19 | $182,916 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $316,634 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,363,676 |
| Noncash contributions included in lines 1a–1f | $77,284 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,680,310 |
| Total Program Service Revenue | $19,768,310 |
| Investment income | $1,890,516 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,032,999 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,732,200 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $689,703 |
| Compensation of current officers, directors, key employees. | $319,361 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,308,101 |
| Pension plan accruals and contributions | $224,520 |
| Other employee benefits | $960,231 |
| Payroll taxes | $486,433 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,483 |
| Fees for services: Accounting | $56,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $189,398 |
| Fees for services: Other | $0 |
| Advertising and promotion | $168,966 |
| Office expenses | $2,990,621 |
| Information technology | $460,587 |
| Royalties | $0 |
| Occupancy | $838,848 |
| Travel | $230,081 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $268,317 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,523,339 |
| Insurance | $36,828 |
| All other expenses | $0 |
| Total functional expenses | $26,913,703 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,735 |
| Savings and temporary cash investments | $1,516,601 |
| Pledges and grants receivable | $750,328 |
| Accounts receivable, net | $180,873 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $317,485 |
| Inventories for sale or use | $27,694 |
| Prepaid expenses and deferred charges | $71,853 |
| Net Land, buildings, and equipment | $19,279,555 |
| Investments—publicly traded securities | $22,314,050 |
| Investments—other securities | $145,738 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $44,606,912 |
| Accounts payable and accrued expenses | $1,035,445 |
| Grants payable | $0 |
| Deferred revenue | $132,516 |
| Tax-exempt bond liabilities | $0 |
| 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 | $6,231,046 |
| Other liabilities | $415,198 |
| Total liabilities | $7,814,205 |
| Net assets without donor restrictions | $14,873,922 |
| Net assets with donor restrictions | $21,918,785 |
| 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 | $44,606,912 |
Grants Recieved
Over the last fiscal year, we have identified 21 grants that Defiance College has recieved totaling $208,486.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $36,500 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $26,591 |
Defiance Area Foundation Inc Defiance, OH PURPOSE: SUPPORT, SCHOLARSHIP | $23,685 |
Irene H Hills Estate Trust Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $18,539 |
Columbus Foundation Columbus, OH PURPOSE: EDUCATION | $17,500 |
George Isaac Foundation Toledo, OH PURPOSE: GENERAL SUPPORT | $11,500 |
Endowment Analysis
| Beg. Balance | $24,514,706 |
| Earnings | -$2,129,707 |
| Admin Expense | -$189,398 |
| Net Contributions | $202,860 |
| Other Expense | -$200,000 |
| Grants | -$1,000,000 |
| Ending Balance | $21,977,257 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Campbellsville University Inc Campbellsville, KY | $197,242,279 | $142,326,474 |
Albion College Albion, MI | $280,606,342 | $106,439,083 |
Centre College Of Kentucky Danville, KY | $677,636,297 | $215,283,093 |
Ohio Wesleyan University Delaware, OH | $522,945,081 | $119,149,215 |
Trine University Inc Angola, IN | $221,741,150 | $121,889,140 |
Kalamazoo College Kalamazoo, MI | $383,146,506 | $96,754,584 |
Saint Marys College Notre Dame, IN | $523,384,557 | $143,002,673 |
Lebanon Valley College Annville, PA | $214,348,628 | $104,612,783 |
Taylor University Upland, IN | $297,240,119 | $122,251,609 |
Seton Hill University Greensburg, PA | $189,465,294 | $99,847,300 |
Wittenberg College Board Of Directors Springfield, OH | $198,135,859 | $89,178,248 |
Juniata College Huntingdon, PA | $246,892,473 | $100,031,718 |