Edgewood College Inc is located in Madison, WI. The organization was established in 1946. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2021, Edgewood College Inc employed 1,135 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Edgewood 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 06/2021, Edgewood College Inc generated $64.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $58.8m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A QUALITY HIGHER EDUCATION
Describe the Organization's Program Activity:
INSTRUCTION- POST-SECONDARY EDUCATION, WITH PROGRAMS FOR TRADITIONAL UNDERGRADUATES, ACCELERATED PROGRAMS FOR RETURNING ADULTS, GRADUATE PROGRAMS, AND DOCTORAL EDUCATION. FTE ENROLLMENT OF 1820.
AUXILLARY SERVICES- RESIDENCE HALL AND FOOD SERVICE SERVING APPROXIMATELY 463 STUDENTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Andrew Manion President | OfficerTrustee | 50 | $238,352 |
Michael Guns VP Business & Finance | Officer | 50 | $165,000 |
Amber Schultz VP Enrollment Management | 50 | $148,873 | |
Margaret Noreuil Dean | 40 | $138,113 | |
Colleen Gullickson Faculty | 50 | $130,028 | |
Victoria Palmisano Trustee/faculty | Trustee | 40 | $122,028 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Rippe Keane Marketing Marketing | 6/29/21 | $424,348 |
Michael Best & Friedrich Llp Legal | 6/29/21 | $327,760 |
Ruffalo Noel Levitz Enrollment Management | 6/29/21 | $108,150 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $10,580 |
Related organizations | $0 |
Government grants | $3,098,967 |
All other contributions, gifts, grants, and similar amounts not included above | $2,513,697 |
Noncash contributions included in lines 1a–1f | $281,114 |
Total Revenue from Contributions, Gifts, Grants & Similar | $5,623,244 |
Total Program Service Revenue | $53,531,046 |
Investment income | $787,254 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $327,208 |
Net Gain/Loss on Asset Sales | $3,691,048 |
Net Income from Fundraising Events | -$3,442 |
Net Income from Gaming Activities | $3,080 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $64,618,208 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $17,137,419 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $782,492 |
Compensation of current officers, directors, key employees. | $465,708 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $20,723,296 |
Pension plan accruals and contributions | $1,082,223 |
Other employee benefits | $3,840,834 |
Payroll taxes | $1,515,762 |
Fees for services: Management | $0 |
Fees for services: Legal | $45,574 |
Fees for services: Accounting | $61,498 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $13,500 |
Fees for services: Investment Management | $113,748 |
Fees for services: Other | $57,601 |
Advertising and promotion | $590,744 |
Office expenses | $378,293 |
Information technology | $2,081,555 |
Royalties | $0 |
Occupancy | $2,694,910 |
Travel | $101,110 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $345,749 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $2,700,782 |
Insurance | $118,005 |
All other expenses | $1,223,473 |
Total functional expenses | $58,757,453 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $4,350 |
Savings and temporary cash investments | $26,408,822 |
Pledges and grants receivable | $3,372,693 |
Accounts receivable, net | $1,240,926 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $482,667 |
Inventories for sale or use | $52,937 |
Prepaid expenses and deferred charges | $2,074,233 |
Net Land, buildings, and equipment | $53,199,091 |
Investments—publicly traded securities | $56,571,848 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $17,419,273 |
Total assets | $160,826,840 |
Accounts payable and accrued expenses | $4,600,555 |
Grants payable | $0 |
Deferred revenue | $1,829,200 |
Tax-exempt bond liabilities | $11,430,000 |
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 | $0 |
Other liabilities | $1,476,696 |
Total liabilities | $19,336,451 |
Net assets without donor restrictions | $103,883,766 |
Net assets with donor restrictions | $37,606,623 |
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 | $160,826,840 |
Over the last fiscal year, we have identified 1 grants that Edgewood College Inc has recieved totaling $10,000.
Awarding Organization | Amount |
---|---|
Wittwer Family Foundation Inc Verona, WI PURPOSE: SCHOLARSHIPS | $10,000 |
Beg. Balance | $40,906,163 |
Earnings | $12,759,670 |
Net Contributions | $1,082,227 |
Other Expense | $1,459,535 |
Grants | $293,315 |
Ending Balance | $52,995,210 |
Organization Name | Assets | Revenue |
---|---|---|
National-Louis University Wheeling, IL | $128,972,894 | $126,590,535 |
Carthage College Kenosha, WI | $408,772,143 | $125,157,339 |
Saint Xavier University Chicago, IL | $126,945,077 | $117,823,501 |
Saint Johns University Collegeville, MN | $539,721,260 | $137,542,573 |
Trustees Of The Hamline University Of Minnesota St Paul, MN | $258,196,075 | $118,390,066 |
Dominican University River Forest, IL | $154,609,403 | $111,703,155 |
St Ambrose University Davenport, IA | $330,550,712 | $111,513,726 |
St Marys University Of Minnesota Winona, MN | $202,355,583 | $108,114,364 |
Benedictine University Lisle, IL | $178,325,344 | $99,425,882 |
University Of Dubuque Dubuque, IA | $403,203,443 | $110,402,473 |
Concordia University Chicago River Forest, IL | $86,542,696 | $102,736,797 |
Concordia University St Paul St Paul, MN | $168,274,815 | $110,114,191 |