Ripon College Board Of Trustees Of
- Assets
- $186.5m
- Revenue
- $59.1m
- Investments
- $43.1m
- Employees
- 628
- Location
- Ripon, WI
- Founding
- 08/1942
- Data as of
- 06/2021
- EIN
- 39-0826049
Organization Overview
Ripon College Board Of Trustees Of is located in Ripon, WI. The organization was established in 1942. 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, Ripon College Board Of Trustees Of employed 628 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ripon College Board Of Trustees Of 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, Ripon College Board Of Trustees Of generated $59.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $51.7m during the year ending 06/2021. While expenses have increased by 2.7% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
RIPON COLLEGE PREPARES STUDENTS OF DIVERSE INTERESTS FOR LIVES OF PRODUCTIVE, SOCIALLY RESPONSIBLE CITIZENSHIP. OUR LIBERAL ARTS CURRICULUM AND RESIDENTIAL CAMPUS CREATE AN INTIMATE LEARNING COMMUNITY IN WHICH STUDENTS EXPERIENCE A RICHLY PERSONALIZED EDUCATION.
Describe the Organization's Program Activity:
RIPON COLLEGE, AN ACCREDITED PRIVATE INSTITUTION, PROVIDES A FOUR-YEAR DEGREE PROGRAM IN THE LIBERAL ARTS. THIS EDUCATIONAL PROGRAM BENEFITS MORE THAN 770 FULL TIME EQUIVALENT STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zachariah Messitte Trustee/president | OfficerTrustee | 40 | $255,251 |
Jennifer L Machacek VP For Enrollment | 40 | $147,400 | |
Chris Ogle VP & Dean Of Students | 40 | $136,593 | |
Andrea Young VP Finance & Asst Treasurer | 40 | $123,662 | |
Rebecca Matzke Interim VP & Dean Of Faculty | 40 | $115,942 | |
Shawn Karsten VP For Advancement, Marketing And Communication | 40 | $98,745 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Food & Housekeeping | 6/29/21 | $2,579,679 |
Sage Dining Services Inc Food Service | 6/29/21 | $1,307,940 |
Agnesian Healthcare Athletic Trainer/nurse | 6/29/21 | $122,364 |
Walsworth Publishing Company Inc Printing | 6/29/21 | $115,996 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $15,060 |
| Related organizations | $0 |
| Government grants | $5,376,753 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,697,174 |
| Noncash contributions included in lines 1a–1f | $3,039,052 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,088,987 |
| Total Program Service Revenue | $41,625,683 |
| Investment income | $637,371 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,065 |
| Net Rental Income | $18,828 |
| Net Gain/Loss on Asset Sales | $1,433,894 |
| Net Income from Fundraising Events | -$4,842 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $59,116,908 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $24,503,519 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $456,488 |
| Compensation of current officers, directors, key employees. | $382,106 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,476,293 |
| Pension plan accruals and contributions | $549,485 |
| Other employee benefits | $2,218,421 |
| Payroll taxes | $672,191 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,707 |
| Fees for services: Accounting | $65,809 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $75,000 |
| Fees for services: Other | $2,478,666 |
| Advertising and promotion | $52,001 |
| Office expenses | $1,447,906 |
| Information technology | $311,624 |
| Royalties | $0 |
| Occupancy | $1,569,562 |
| Travel | $147,207 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $43,512 |
| Interest | $816,561 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,874,124 |
| Insurance | $277,482 |
| All other expenses | $798,080 |
| Total functional expenses | $51,684,566 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $133,820 |
| Savings and temporary cash investments | $9,592,360 |
| Pledges and grants receivable | $4,934,306 |
| Accounts receivable, net | $1,142,529 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,635,441 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $168,793 |
| Net Land, buildings, and equipment | $49,829,636 |
| Investments—publicly traded securities | $67,664,618 |
| Investments—other securities | $43,083,404 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,271,945 |
| Total assets | $186,456,852 |
| Accounts payable and accrued expenses | $1,665,616 |
| Grants payable | $1,848,946 |
| Deferred revenue | $893,463 |
| 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 | $36,186,290 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,409,029 |
| Total liabilities | $44,003,344 |
| Net assets without donor restrictions | $25,599,053 |
| Net assets with donor restrictions | $116,854,455 |
| 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 | $186,456,852 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ripon College Board Of Trustees Of has recieved totaling $103.
| Awarding Organization | Amount |
|---|---|
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $103 |
Endowment Analysis
| Beg. Balance | $91,968,278 |
| Earnings | $22,528,380 |
| Net Contributions | $7,418,715 |
| Other Expense | -$601,743 |
| Grants | $4,985,000 |
| Ending Balance | $117,532,116 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Concordia College Corporation Moorhead, MN | $403,850,675 | $127,833,637 |
Luther College Decorah, IA | $330,055,480 | $125,968,312 |
Albion College Albion, MI | $280,606,342 | $106,439,083 |
College Of St Scholastica Inc Duluth, MN | $228,173,776 | $117,585,202 |
Lawrence University Of Wisconsin Appleton, WI | $632,228,886 | $124,103,689 |
Lake Forest College Lake Forest, IL | $251,265,144 | $111,531,265 |
College Of St Benedict Business Off Saint Joseph, MN | $251,991,111 | $110,041,062 |
Kalamazoo College Kalamazoo, MI | $383,146,506 | $96,754,584 |
St Norbert College Inc De Pere, WI | $336,117,917 | $103,405,590 |
University Of Northwestern-St Paul St Paul, MN | $144,732,947 | $110,000,439 |
Millikin University Decatur, IL | $270,927,180 | $97,576,221 |
Wartburg College Waverly, IA | $247,960,217 | $101,117,542 |