Hillsdale College is located in Hillsdale, MI. The organization was established in 1943. 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, Hillsdale College employed 2,090 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hillsdale 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, Hillsdale College generated $366.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $214.3m during the year ending 06/2022. While expenses have increased by 7.5% 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.
Since 2015, Hillsdale College has awarded 35 individual grants totaling $2,647,809. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
HILLSDALE COLLEGE IS A PRIVATE LIBERAL ARTS COLLEGE WITH APPROXIMATELY 1,500 STUDENTS. FOUNDED IN 1844, THE COLLEGE REMAINS, IN THE WORDS OF ITS ARTICLES OF ASSOCIATION, "GRATEFUL TO GOD FOR THE INESTIMABLE BLESSINGS RESULTING FROM THE PREVALENCE OF CIVIL AND RELIGIOUS LIBERTY AND INTELLIGENT PIETY" IN OUR NATION, AND DEDICATED TO "THE DIFFUSION OF SOUND LEARNING" THAT IS "ESSENTIAL TO THE PERPETUITY OF THESE BLESSINGS."
Describe the Organization's Program Activity:
STUDENT INSTRUCTION HILLSDALE COLLEGE MAINTAINS ITS DEFENSE OF THE CLASSICAL LIBERAL ARTS CURRICULUM, CONVINCED THAT IT IS THE BEST PREPARATION FOR MEETING THE CHALLENGES OF MODERN LIFE AND THAT IT OFFERS TO ALL PEOPLE OF ALL BACKGROUNDS NOT ONLY AN IMPORTANT BODY OF KNOWLEDGE, BUT ALSO TIMELESS TRUTHS ABOUT THE HUMAN CONDITION. THE LIBERAL ARTS ARE DEDICATED TO STIMULATING STUDENTS' INTELLECTUAL CURIOSITY, TO ENCOURAGING THE CRITICAL, WELL-DISCIPLINED MIND, AND TO FOSTERING PERSONAL GROWTH THROUGH ACADEMIC CHALLENGE. AS SUCH, THE COLLEGE MAINTAINS A RIGOROUS CORE CURRICULUM OF 50 ACADEMIC CREDITS, INCLUDING REQUIRED COURSES IN WESTERN AND AMERICAN HISTORY, THE GREAT BOOKS, THE U.S. CONSTITUTION, LOGIC AND RHETORIC, PHILOSOPHY, THEOLOGY, MATHEMATICS, THE ARTS AND SCIENCES, AND MORE. IN ADDITION TO THE CORE CURRICULUM, STUDENTS CHOOSE FROM 30 MAJORS AND SEVEN INTERDISCIPLINARY MAJORS. SEVEN MINORS-ONLY PROGRAMS AND NINE PRE-PROFESSIONAL PROGRAMS ARE ALSO OFFERED. THE FOUR-YEAR UNDERGRADUATE COURSE OF STUDY CULMINATES IN A BACHELOR OF ARTS OR BACHELOR OF SCIENCE DEGREE. HILLSDALE COLLEGE IS CONSISTENTLY RANKED HIGH ON LISTS OF THE BEST LIBERAL ARTS COLLEGES IN THE NATION BY SUCH PUBLICATIONS AS U.S. NEWS & WORLD REPORT, THE PRINCETON REVIEW, FORBES, AND KIPLINGER'S PERSONAL FINANCE. IN ADDITION TO ITS UNDERGRADUATE PROGRAM OF INSTRUCTION, THE COLLEGE OPERATES THE VAN ANDEL GRADUATE SCHOOL OF STATESMANSHIP ON CAMPUS, OFFERING MASTER'S AND DOCTORAL DEGREES IN POLITICS; THE STEVE & AMY VAN ANDEL GRADUATE SCHOOL OF GOVERNMENT IN WASHINGTON, D.C., OFFERING A MASTER OF ARTS DEGREE IN GOVERNMENT; AND THE DIANA DAVIS SPENCE GRADUATE SCHOOL OF CLASSICAL EDUCATION OFFERING A MASTERS OF ARTS DEGREE IN CLASSICAL EDUCATION. THE COLLEGE IS COMMITTED TO THE EXCELLENCE OF ITS STUDENTS IN BOTH INTELLECT AND CHARACTER. THIS COMMITMENT IS REFLECTED IN THE STUDENT HONOR CODE, WHICH READS, "A HILLSDALE COLLEGE STUDENT IS HONORABLE IN CONDUCT, HONEST IN WORD AND DEED, DUTIFUL IN STUDY AND SERVICE, AND RESPECTFUL OF THE RIGHTS OF OTHERS. THROUGH EDUCATION THE STUDENT RISES TO SELF-GOVERNMENT." HILLSDALE BOASTS A STUDENT-FACULTY RATIO OF 9 TO 1. IT HAS 157 FULL-TIME FACULTY, 90 PERCENT OF WHOM HOLD THE HIGHEST DEGREE IN THEIR DISCIPLINES.
THESE ADDITIONAL PROGRAM SERVICE EXPENSES INCLUDE, BUT ARE NOT LIMITED TO, AUXILIARY SERVICES (BOOKSTORE, RESIDENTIAL, DINING) AND PLAN AND MAINTENANCE OF CAMPUS GROUNDS AND BUILDINGS.
STUDENT SCHOLARSHIPS AND GRANTS HILLSDALE COLLEGE HAS BEEN COMMITTED TO INDEPENDENCE SINCE ITS FOUNDING IN 1844. WHEN A 1984 U.S. SUPREME COURT RULING THREATENED HILLSDALE WITH THE ENTIRE RANGE OF FEDERAL REGULATIONS BECAUSE SOME OF ITS STUDENTS RECEIVED FEDERAL FINANCIAL AID, THE COLLEGE RESOLVED THAT NOT A SINGLE HILLSDALE STUDENT WOULD ACCEPT EVEN ONE CENT OF FEDERAL GRANTS, LOANS, OR SCHOLARSHIPS. INSTEAD, HILLSDALE ESTABLISHED THE PRIVATELY FUNDED STUDENT INDEPENDENCE SCHOLARSHIP AND LOAN FUND IN PLACE OF TAXPAYER-FUNDED AID FOR DESERVING STUDENTS WHO SEEK THE KIND OF CLASSICAL LIBERAL ARTS EDUCATION OFFERED AT HILLSDALE. SINCE THE STUDENT INDEPENDENCE SCHOLARSHIP AND LOAN FUND WAS ESTABLISHED IN 1985, HILLSDALE HAS REPLACED FEDERAL AND STATE GRANTS AND LOANS WITH OVER $140 MILLION IN PRIVATE AWARDS. THE ANNUAL COST OF REPLACING GOVERNMENT AID WAS OVER $6.3 MILLION IN THE 2021-2022 ACADEMIC YEAR; THIS TOTAL ASSISTED 486 STUDENTS. IN ADDITION, THE COLLEGE AWARDED APPROXIMATELY $25 MILLION IN PRIVATE SCHOLARSHIPS THAT YEAR ON THE BASIS OF FINANCIAL NEED, ACADEMIC MERIT, CAMPUS LEADERSHIP, ATHLETIC AND MUSIC PARTICIPATION, AND OTHER QUALIFICATIONS. APPROXIMATELY 97 PERCENT OF HILLSDALE STUDENTS QUALIFY FOR AND RECEIVE SOME FORM OF INSTITUTIONAL AID.
STUDENT SERVICES HILLSDALE'S STUDENT SERVICES INCLUDE THE ADMISSIONS OFFICE, CAREER SERVICES, ACADEMIC SERVICES, STUDENT AFFAIRS, AND HEALTH AND WELLNESS SERVICES. THE ADMISSIONS OFFICE RECEIVES AN INCREASING NUMBER AND HIGHER CALIBER OF APPLICATIONS EACH YEAR, LEADING TO A SELECTIVE ACCEPTANCE RATE OF 23 PERCENT FOR THE MOST RECENT ACADEMIC YEAR. THE OFFICE EMPHASIZES A HOLISTIC APPROACH TO APPLICATION REVIEWS AND CONDUCTS PERSONAL INTERVIEWS WITH MOST APPLICANTS. THE CAREER SERVICES OFFICE HELPS STUDENTS DEVELOP THEIR STRENGTHS AND INTRODUCES THEM TO OPPORTUNITIES THROUGH MENTORING, NETWORK-BUILDING, JOB FAIRS, AND OTHER PROGRAMS. THE COLLEGE HAS A 97 PERCENT FIVE-YEAR GRADUATE PLACEMENT AVERAGE. A SURVEY OF THE GRADUATING CLASS SHOWED THAT 65 PERCENT WERE EMPLOYED, 27 PERCENT IN CONTINUING EDUCATION AND GRADUATE PROGRAMS, AND 2.5 PERCENT IN MILITARY AND VOLUNTEER SERVICE. HILLSDALE'S STUDENT AFFAIRS DEPARTMENT OVERSEES A NUMBER OF STUDENT INTEREST GROUPS, ACADEMIC HONORARIES, VOLUNTEER ORGANIZATIONS, AND THE COLLEGE'S FOUR FRATERNITIES AND THREE SORORITIES. HILLSDALE STUDENTS CONTRIBUTE AN AVERAGE OF 13,000 HOURS OF VOLUNTEER SERVICE TO THE COMMUNITY EACH YEAR. HEALTH AND WELLNESS SERVICES PROVIDES MEDICAL AND MENTAL HEALTH SERVICES TO STUDENTS, FACULTY, AND STAFF.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Larry P Arnn President | OfficerTrustee | 40 | $1,041,861 |
Patrick L Sajak Chairman Of The Board | OfficerTrustee | 4.5 | $0 |
Stephen A Van Andel Vice Chairman Of The Board | OfficerTrustee | 4.5 | $0 |
William J Brodbeck Trustee, Chairman Emeritus | OfficerTrustee | 1 | $0 |
Mark L Johnson Trustee | Trustee | 1 | $0 |
Nersi H Nazari Trustee | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Meta Platforms Marketing | 6/29/22 | $3,945,731 |
Darwill Inc Printing/mailing | 6/29/22 | $5,349,343 |
Next After Llc Consulting/marketing | 6/29/22 | $11,627,501 |
Bon Appetit Food Service | 6/29/22 | $6,576,631 |
Rr Donnelley Printing/mailing | 6/29/22 | $5,935,002 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $271,985,519 |
Noncash contributions included in lines 1a–1f | $39,560,586 |
Total Revenue from Contributions, Gifts, Grants & Similar | $271,985,519 |
Total Program Service Revenue | $63,352,203 |
Investment income | $7,550,804 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $22,031,868 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $99,747 |
Net Income from Sales of Inventory | -$2,904,487 |
Miscellaneous Revenue | $0 |
Total Revenue | $366,213,645 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $872,279 |
Grants and other assistance to domestic individuals. | $32,871,034 |
Grants and other assistance to Foreign Orgs/Individuals | $777,709 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $2,332,359 |
Compensation of current officers, directors, key employees. | $995,204 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $50,976,627 |
Pension plan accruals and contributions | $3,973,583 |
Other employee benefits | $4,117,837 |
Payroll taxes | $3,307,776 |
Fees for services: Management | $0 |
Fees for services: Legal | $1,164,542 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $286,536 |
Fees for services: Other | $27,939,826 |
Advertising and promotion | $9,029,276 |
Office expenses | $28,882,419 |
Information technology | $6,593,782 |
Royalties | $4,525 |
Occupancy | $4,852,371 |
Travel | $7,246,022 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $8,866,055 |
Interest | $458,226 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $7,992,015 |
Insurance | $4,525 |
All other expenses | $4,912,476 |
Total functional expenses | $214,265,709 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,438,799 |
Savings and temporary cash investments | $87,368,013 |
Pledges and grants receivable | $130,975,562 |
Accounts receivable, net | $3,623,553 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $30,554,232 |
Inventories for sale or use | $616,689 |
Prepaid expenses and deferred charges | $5,236,966 |
Net Land, buildings, and equipment | $213,076,247 |
Investments—publicly traded securities | $430,058,714 |
Investments—other securities | $797,952,766 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $17,454,585 |
Total assets | $1,719,356,126 |
Accounts payable and accrued expenses | $29,369,618 |
Grants payable | $0 |
Deferred revenue | $1,354,150 |
Tax-exempt bond liabilities | $6,332,540 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $175,352,957 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $53,712,182 |
Total liabilities | $266,121,447 |
Net assets without donor restrictions | $208,181,902 |
Net assets with donor restrictions | $1,245,052,777 |
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 | $1,719,356,126 |
Over the last fiscal year, Hillsdale College has awarded $868,779 in support to 7 organizations.
Grant Recipient | Amount |
---|---|
SEVEN OAKS CLASSICAL SCHOOL INC PURPOSE: EXCELLENCE IN TEACHING AWARD | $25,000 |
STEVENS INSTITUTE TECH PURPOSE: TEMPLETON GRANT | $233,103 |
CORNELL UNIVERSITY PURPOSE: TEMPLETON GRANT | $127,864 |
CALIFORNIA STATE UNIVERSITY FULLERTON PURPOSE: TEMPLETON GRANT | $134,202 |
UNIVERSITY OF PITTSBURG PURPOSE: TEMPLETON GRANT | $129,375 |
SAINT LOUIS UNIVERSITY PURPOSE: TEMPLETON GRANT | $86,463 |