Augustana College
- Assets
- $426.4m
- Revenue
- $147.6m
- Investments
- $52.8m
- Employees
- 2,242
- Location
- Rock Island, IL
- Founding
- 07/1937
- Data as of
- 06/2021
- EIN
- 36-2166962
Organization Overview
Augustana College is located in Rock Island, IL. The organization was established in 1937. 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, Augustana College employed 2,242 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Augustana 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, Augustana College generated $147.6m in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $141.1m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by 0.0% per year over the past 3 years. 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
BACCALAUREATE LEVEL INSTRUCTION: AUGUSTANA COLLEGE, DEEPLY ROOTED IN THE LIBERAL ARTS AND SCIENCES AND AN INCLUSIVE EXPRESSION OF LUTHERAN HIGHER EDUCATION, IS COMMITTED TO OFFERING A CHALLENGING EDUCATION THAT DEVELOPS THE QUALITIES OF MIND, SPIRIT AND BODY NECESSARY FOR STUDENTS TO DISCERN THEIR LIFE'S CALLING OF LEADERSHIP AND SERVICE IN A DIVERSE AND CHANGING WORLD
Describe the Organization's Program Activity:
Part 3 - Line 4a
HIGHER EDUCATION: INSTRUCTION - INCLUDES 73 ACADEMIC MAJORS, FOREIGN STUDY PROGRAMS, HONORS PROGRAMS, AND OTHER EDUCATIONAL RELATED DEPARTMENTS SERVICING APPROXIMATELY 2,500 TOTAL STUDENTS AND STAFFED BY APPROXIMATELY 300 FACULTY MEMBERS.
HIGHER EDUCATION: STUDENT SERVICES - SERVES THE STUDENT COMMUNITY BY PROVIDING REGISTRATION ASSISTANCE, COUNSELING, CAREER PLANNING, INTERNSHIPS, FINANCIAL ASSISTANCE, MULTICULTURAL PROGRAMMING, ORIENTATION AND ADVISING, INTRAMURAL SPORTS, AND OTHER RELATED PROGRAMS. (2,500 STUDENTS) HIGHER EDUCATION: PUBLIC SERVICES - INCLUDES A CENTER FOR COMMUNICATIVE DISORDERS, ART PROGRAMS, ALUMNI PROGRAMS, COMMUNITY SERVICE AND A NATIONAL PUBLIC RADIO STATION SERVING THE STUDENTS AND COMMUNITY. (2500 STUDENTS) HIGHER EDUCATION: RESEARCH - SUPPORTS EXTENSIVE OPPORTUNITIES FOR STUDENTS AND FACULTY TO CONDUCT RESEARCH ON AND OFF CAMPUS. (2,500 STUDENTS)
HIGHER EDUCATION: ACADEMIC SUPPORT - INCLUDES LIBRARY SUPPORT OF 160,000 TOTAL VOLUMES, AUDIOVISUAL MATERIALS AND EQUIPMENT, ART EXHIBITS, JAZZ, THEATER, BAND, CHOIR, INTERCOLLEGIATE ATHLETICS, AND RELATED ACTIVITIES SERVICING THE STUDENT AND THE COMMUNITY. (2,500 STUDENTS)
HIGHER EDUCATION: AUXILIARY ENTERPRISES - SERVES THE STUDENT COMMUNITY BY SELLING TEXTBOOKS AND OTHER INSTRUCTIONAL MATERIALS AND SUPPLIES, AND PROVIDES MEAL SERVICE AND HOUSING. (2,500 STUDENTS)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Chair Of The Board | OfficerTrustee | 3 | $0 |
Name Not Listed College President | OfficerTrustee | 55 | $513,761 |
Name Not Listed VP Of Board | OfficerTrustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bush Construction Construction | 6/29/22 | $1,953,419 |
Russell Construction Construction | 6/29/22 | $3,352,973 |
Eab Global Inc Marketing Consultant | 6/29/22 | $835,524 |
Performance Food Group Food Service Distributor | 6/29/22 | $1,185,378 |
Beynon Sports Surfaces Construction | 6/29/22 | $556,609 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,136,173 |
| Investment income | $3,056,246 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $260,369 |
| Net Gain/Loss on Asset Sales | $3,157,840 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $147,587,977 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $65,559,339 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,426,309 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $29,829,613 |
| Pension plan accruals and contributions | $1,453,451 |
| Other employee benefits | $5,603,381 |
| Payroll taxes | $2,198,557 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $44,440 |
| Fees for services: Accounting | $89,362 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $815,010 |
| Fees for services: Other | $2,472,297 |
| Advertising and promotion | $233,075 |
| Office expenses | $2,822,490 |
| Information technology | $746,951 |
| Royalties | $1,816 |
| Occupancy | $6,210,716 |
| Travel | $908,829 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $125,331 |
| Interest | $1,609,012 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,907,315 |
| Insurance | $638,105 |
| All other expenses | $0 |
| Total functional expenses | $141,091,330 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,405,504 |
| Savings and temporary cash investments | $7,126,540 |
| Pledges and grants receivable | $12,104,145 |
| Accounts receivable, net | $542,477 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $443,054 |
| Inventories for sale or use | $145,590 |
| Prepaid expenses and deferred charges | $908,086 |
| Investments—publicly traded securities | $172,940,814 |
| Investments—other securities | $52,810,570 |
| Investments—program-related | $1,718,964 |
| Intangible assets | $0 |
| Other assets | $8,919,448 |
| Total assets | $426,442,517 |
| Accounts payable and accrued expenses | $7,221,646 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $45,910,865 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $6,114,147 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,759,400 |
| Total liabilities | $68,006,058 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $358,436,459 |