Goshen College Inc
- Assets
- $199.7m
- Revenue
- $55.6m
- Investments
- $123.5m
- Employees
- 789
- Location
- Goshen, IN
- Founding
- 10/2002
- Data as of
- 06/2022
- EIN
- 35-2158366
Organization Overview
Goshen College Inc is located in Goshen, IN. The organization was established in 2002. 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, Goshen College Inc employed 789 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Goshen College Inc 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, Goshen College Inc generated $55.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.8% each year . All expenses for the organization totaled $48.8m during the year ending 06/2022. While expenses have increased by 2.5% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
GOSHEN COLLEGE TRANSFORMS LOCAL AND GLOBAL COMMUNITIES THROUGH COURAGEOUS, CREATIVE AND COMPASSIONATE LEADERS. SHAPED BY ANABAPTIST-MENNONITE TRADITION, WE INTEGRATE ACADEMIC EXCELLENCE AND REAL-WORLD EXPERIENCE WITH ACTIVE LOVE FOR GOD AND NEIGHBOR.
Describe the Organization's Program Activity:
GOSHEN COLLEGE, INC. IS A NATIONALLY-RECOGNIZED LIBERAL ARTS COLLEGE IN NORTHERN INDIANA KNOWN FOR LEADERSHIP IN INTERCULTURAL AND INTERNATIONAL EDUCATION, SUSTAINABILITY AND SOCIAL JUSTICE. THE COLLEGE OFFERS BACHELOR'S DEGREES IN OVER 40 MAJORS AND MINORS, AS WELL AS SELECT GRADUATE DEGREES. THE COLLEGE ENROLLS APPROXIMATELY 718 STUDENTS AND IS RECOGNIZED FOR ITS INNOVATIVE, LIFE-CHANGING STUDY ABROAD PROGRAM (STUDY-SERVICE TERM) AND EXCEPTIONAL EDUCATIONAL VALUE. ROOTED IN THE HISTORICALLY PEACEFUL MENNONITE CHURCH, THE COLLEGE'S CHRIST-CENTERED MISSION PRODUCES PASSIONATE LEARNERS, COMPASSIONATE PEACEMAKERS, GLOBAL CITIZENS AND SERVANT LEADERS.
THE RESOURCES OF LAND AND PEOPLE AT THE MERRY LEA ENVIRONMENTAL LEARNING CENTER OF GOSHEN COLLEGE (MERRY LEA) ARE DEDICATED TO: PROVIDING A NATURAL SANCTUARY FOR NORTHERN INDIANA'S PLANTS AND ANIMALS; PROVIDING ENVIRONMENTAL EDUCATION FOR PEOPLE OF ALL AGES; AND PROVIDING A SETTING FOR RE-CREATING OPPORTUNITIES THAT BENEFIT THE HUMAN BODY AND SPIRIT WHILE NOT EXPLOITING THE LAND OR EXCESSIVELY DISTURBING ITS ECOSYSTEMS. GOSHEN COLLEGE AT MERRY LEA IS COMMITTED TO THE DEVELOPMENT OF A MULTIFACETED ENVIRONMENTAL PROGRAM THAT TEACHES ABOUT CHRISTIAN STEWARDSHIP OF NATURAL AND HUMAN RESOURCES. (CONTINUED IN SCHEDULE O)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Vice-Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Secretary | OfficerTrustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Avi Fresh Food Services | 6/29/22 | $1,206,952 |
Griffen P & H Inc Equipment Repair | 6/29/22 | $352,153 |
Professional Audio Designs Inc Audio Upgrades | 6/29/22 | $268,253 |
Ruffalo Noel Levitz Llc Advisory Services | 6/29/22 | $230,892 |
Matrix Integration Llc Computer Data Storage & Licensing | 6/29/22 | $534,683 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $17,160 |
| Related organizations | $0 |
| Government grants | $7,205,779 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,527,623 |
| Noncash contributions included in lines 1a–1f | $323,322 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,750,562 |
| Total Program Service Revenue | $31,954,092 |
| Investment income | -$52,739 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $13,857 |
| Net Rental Income | $49,491 |
| Net Gain/Loss on Asset Sales | $3,406,471 |
| Net Income from Fundraising Events | -$4,003 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $55,570,567 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $16,665,014 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $504,889 |
| Compensation of current officers, directors, key employees. | $341,245 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,040,504 |
| Pension plan accruals and contributions | $262,857 |
| Other employee benefits | $2,308,554 |
| Payroll taxes | $1,024,572 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,533 |
| Fees for services: Accounting | $63,593 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $51,821 |
| Fees for services: Other | $2,210,029 |
| Advertising and promotion | $578,679 |
| Office expenses | $1,708,056 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,094,491 |
| Travel | $839,223 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $49,194 |
| Interest | $726,795 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,505,769 |
| Insurance | $273,934 |
| All other expenses | $615,888 |
| Total functional expenses | $48,752,334 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,353 |
| Savings and temporary cash investments | $15,163,973 |
| Pledges and grants receivable | $435,000 |
| Accounts receivable, net | $4,837,189 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,004,233 |
| Net Land, buildings, and equipment | $46,226,692 |
| Investments—publicly traded securities | $2,242,926 |
| Investments—other securities | $123,457,801 |
| Investments—program-related | $4,432,686 |
| Intangible assets | $0 |
| Other assets | $1,941,084 |
| Total assets | $199,743,937 |
| Accounts payable and accrued expenses | $2,484,053 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $16,803,889 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,450,138 |
| Total liabilities | $22,738,080 |
| Net assets without donor restrictions | $46,420,305 |
| Net assets with donor restrictions | $130,585,552 |
| 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 | $199,743,937 |