Earlham College
- Assets
- $378.0m
- Revenue
- $128.4m
- Investments
- $0.0
- Employees
- 1,076
- Location
- Richmond, IN
- Founding
- 03/1935
- Data as of
- 06/2021
- EIN
- 35-0868073
Organization Overview
Earlham College is located in Richmond, IN. 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, Earlham College employed 1,076 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Earlham 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, Earlham College generated $128.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $80.5m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
AN INTELLECTUALLY CHALLENGING, GLOBALLY ENGAGED, AND SOCIALLY CONCERNED LIBERAL ARTS COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EARLHAM COLLEGE - PROVIDING HIGH QUALITY LIBERAL ARTS EDUCATION FOR APPROXIMATELY 800 UNDERGRADUATES AND 50 GRADUATE STUDENTS. SERVING THE LOCAL COMMUNITY THROUGH ARTS, MUSIC, AND CULTURAL EVENTS OPEN TO THE PUBLIC. STUDENTS VOLUNTEER WITH MANY COMMUNITY SERVICE ORGANIZATIONS. APPROXIMATELY 2,500 PEOPLE IN THE LOCAL COMMUNITY ARE SERVED IN THIS WAY.
EARLHAM SCHOOL OF RELIGION - PROVIDING SEMINARY TRAINING FOR APPROXIMATELY 100 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Metz Cullinary Management Food Services | 6/29/21 | $2,437,152 |
Aramark Services Inc Housekeeping | 6/29/21 | $1,074,315 |
National Management Resources Corp Facilities Management | 6/29/21 | $893,886 |
Ellucian Company Lp Software Maintenance/support Services | 6/29/21 | $308,339 |
Eab Inc Education Data Analysis/marketing | 6/29/21 | $222,019 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $68,837,817 |
| Government grants | $2,631,922 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,283,641 |
| Noncash contributions included in lines 1a–1f | $2,196,267 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $82,753,380 |
| Total Program Service Revenue | $41,762,450 |
| Investment income | -$49,691 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,043 |
| Net Gain/Loss on Asset Sales | $2,748,348 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $128,405,386 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,895,420 |
| Grants and other assistance to domestic individuals. | $25,645,336 |
| Grants and other assistance to Foreign Orgs/Individuals | $2,819,874 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,719,987 |
| Compensation of current officers, directors, key employees. | $862,269 |
| Compensation to disqualified persons | $6,691 |
| Other salaries and wages | $17,098,080 |
| Pension plan accruals and contributions | $22,363 |
| Other employee benefits | $4,798,151 |
| Payroll taxes | $1,181,002 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $101,808 |
| Fees for services: Accounting | $123,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $27,600 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,822,834 |
| Advertising and promotion | $106,681 |
| Office expenses | $1,916,288 |
| Information technology | $708,624 |
| Royalties | $0 |
| Occupancy | $4,278,729 |
| Travel | $72,431 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $76,063 |
| Interest | $3,300,035 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,476,434 |
| Insurance | $431,931 |
| All other expenses | $337,051 |
| Total functional expenses | $80,539,183 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,213 |
| Savings and temporary cash investments | $16,178,649 |
| Pledges and grants receivable | $1,578,336 |
| Accounts receivable, net | $1,549,223 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $102,617 |
| Prepaid expenses and deferred charges | $1,150,469 |
| Net Land, buildings, and equipment | $126,930,890 |
| Investments—publicly traded securities | $8,658,967 |
| Investments—other securities | $0 |
| Investments—program-related | $1,848,144 |
| Intangible assets | $0 |
| Other assets | $220,021,184 |
| Total assets | $378,034,692 |
| Accounts payable and accrued expenses | $2,186,586 |
| Grants payable | $0 |
| Deferred revenue | $201,037 |
| Tax-exempt bond liabilities | $67,385,101 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $15,335,944 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,283,545 |
| Total liabilities | $92,392,213 |
| Net assets without donor restrictions | $68,796,987 |
| Net assets with donor restrictions | $216,845,492 |
| 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 | $378,034,692 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Earlham College has recieved totaling $2,630.
| Awarding Organization | Amount |
|---|---|
Now And Tomorrow Yarrow Point, WA PURPOSE: PRIVATE COLLEGE | $2,000 |
Paul W Lingle Family Foundation Uad Dec 31 2007 Richmond, IN PURPOSE: GENERAL | $630 |
Endowment Analysis
| Beg. Balance | $380,029,047 |
| Earnings | $127,436,716 |
| Net Contributions | $2,895,420 |
| Grants | $35,540,629 |
| Ending Balance | $474,820,554 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Columbia College Chicago Chicago, IL | $667,072,943 | $221,332,415 |
Indiana Wesleyan University Marion, IN | $535,078,455 | $212,201,058 |
Depauw University Greencastle, IN | $1,044,669,443 | $170,125,801 |
Concordia University Inc Mequon, WI | $163,946,113 | $168,516,078 |
Wheaton College Wheaton, IL | $1,105,725,018 | $280,776,360 |
Berea College Berea, KY | $1,637,313,850 | $205,202,087 |
Augustana College Rock Island, IL | $426,442,517 | $147,587,977 |
Marian University Indianapolis, IN | $323,995,376 | $176,218,802 |
Carroll University Inc Waukesha, WI | $261,882,162 | $140,965,442 |
Campbellsville University Inc Campbellsville, KY | $197,242,279 | $142,326,474 |
Centre College Of Kentucky Danville, KY | $677,636,297 | $215,283,093 |
Lawrence University Of Wisconsin Appleton, WI | $632,228,886 | $124,103,689 |