Carleton College
- Assets
- $1.7b
- Revenue
- $281.0m
- Investments
- $704.7m
- Employees
- 2,994
- Location
- Northfield, MN
- Founding
- 06/1938
- Data as of
- 06/2022
- EIN
- 41-0694747
Organization Overview
Carleton College is located in Northfield, MN. The organization was established in 1938. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2023, Carleton College employed 2,994 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carleton 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, Carleton College generated $281.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $223.8m during the year ending 06/2022. While expenses have increased by 3.4% 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, Carleton College has awarded 151 individual grants totaling $4,878,327. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AN EXCEPTIONAL UNDERGRADUATE LIBERAL ARTS EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION - CARLETON COLLEGE EXISTS TO PROVIDE AN EXCEPTIONAL LIBERAL ARTS EDUCATION FOR STUDENTS, PREPARING THEM FOR LEADERSHIP IN THEIR COMMUNITIES, COUNTRIES AND THE WORLD (2,007 STUDENTS). A STUDENT - FACULTY RATIO OF 8:1 SUPPORTS CLASSROOM, LABORATORY, OFF-CAMPUS STUDY AND RESEARCH OPPORTUNITIES, AVERAGE CLASS SIZE IS 16, STUDENT FINANCIAL AID PROGRAMS - CARLETON MEETS 100% OF THE DEMONSTRATED FINANCIAL NEED OF ALL ADMITTED STUDENTS (1,160 STUDENTS).
ACADEMIC SUPPORT - PROGRAMS TO ENHANCE THE CARLETON LIBERAL ARTS EXPERIENCE WITH LIBRARY AND INFORMATION TECHNOLOGY RESOURCES (2,007 STUDENTS).
AUXILIARY ENTERPRISES - CARLETON COLLEGE MAINTAINS A RURAL RESIDENTIAL CAMPUS TO ENHANCE THE EDUCATIONAL EXPERIENCE OF THE STUDENT BODY WITH ROOM AND BOARD PROGRAMS DESIGNED TO ENCOURAGE A SPIRIT OF COLLEGIALITY AND CONVERSATION BEYOND THE CLASSROOM AND LABORATORY (1,931 STUDENTS).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alison Byerly President | OfficerTrustee | 60 | $669,567 |
Wally Weitz Trustee Chair | OfficerTrustee | 8 | $0 |
Jeninne Mcgee Trustee Vice Chair | OfficerTrustee | 8 | $0 |
Cathy Paglia Trustee Vice Chair | OfficerTrustee | 8 | $0 |
John Harris Secretary | OfficerTrustee | 8 | $0 |
Greg Amusu Trustee | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Terra General Contractors Llc General Contractor | 6/29/23 | $8,774,115 |
Bon Appetit Dining Services | 6/29/23 | $11,004,643 |
Incline Alchemy Inc Information Technology Consultant | 6/29/23 | $2,808,568 |
River City Builders General Contractor | 6/29/23 | $1,442,604 |
Gephart Electric Co Inc General Contractor | 6/29/23 | $2,031,634 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,883,530 |
| All other contributions, gifts, grants, and similar amounts not included above | $43,973,878 |
| Noncash contributions included in lines 1a–1f | $10,065,968 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $48,857,408 |
| Total Program Service Revenue | $146,966,410 |
| Investment income | $18,034,933 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $184,597 |
| Net Rental Income | -$198,982 |
| Net Gain/Loss on Asset Sales | $63,696,077 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $280,959,414 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $155,732 |
| Grants and other assistance to domestic individuals. | $53,440,361 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,162,251 |
| Compensation of current officers, directors, key employees. | $2,298,652 |
| Compensation to disqualified persons | $375,367 |
| Other salaries and wages | $67,499,019 |
| Pension plan accruals and contributions | $6,189,159 |
| Other employee benefits | $10,145,172 |
| Payroll taxes | $4,861,477 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $152,230 |
| Fees for services: Accounting | $93,094 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,398,005 |
| Fees for services: Other | $7,686,462 |
| Advertising and promotion | $61,361 |
| Office expenses | $8,495,157 |
| Information technology | $1,942,469 |
| Royalties | $0 |
| Occupancy | $7,191,948 |
| Travel | $5,706,853 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,660,639 |
| Interest | $4,994,947 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,665,237 |
| Insurance | $1,372,189 |
| All other expenses | $0 |
| Total functional expenses | $223,828,854 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $31,722,733 |
| Pledges and grants receivable | $19,233,003 |
| Accounts receivable, net | $2,431,476 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $410,455 |
| Prepaid expenses and deferred charges | $2,441,808 |
| Net Land, buildings, and equipment | $358,627,500 |
| Investments—publicly traded securities | $523,491,997 |
| Investments—other securities | $704,700,552 |
| Investments—program-related | $2,289,554 |
| Intangible assets | $0 |
| Other assets | $12,982,091 |
| Total assets | $1,658,331,169 |
| Accounts payable and accrued expenses | $19,610,918 |
| Grants payable | $0 |
| Deferred revenue | $5,882,533 |
| Tax-exempt bond liabilities | $120,161,008 |
| Escrow or custodial account liability | $625,559 |
| 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 | $21,048,102 |
| Total liabilities | $167,328,120 |
| Net assets without donor restrictions | $694,224,045 |
| Net assets with donor restrictions | $796,779,004 |
| 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 | $1,658,331,169 |
Grants Awarded
Over the last fiscal year, Carleton College has awarded $257,490 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF CALIFORNIA - DAVIS PURPOSE: RUI: LINKING ECOLOGY, BEHAVIOR, AND IMMUNOLOGY TO SPATIO-TEMPORAL VARIATION IN HELMINTH TRANSMISSION. | $16,565 |
UNIVERSITY OF WISCONSIN - MADISON PURPOSE: RUI: LINKING ECOLOGY, BEHAVIOR, AND IMMUNOLOGY TO SPATIO-TEMPORAL VARIATION IN HELMINTH TRANSMISSION. | $43,100 |
UNIVERSITY OF WASHINGTON PURPOSE: CAREER: TEMPORAL DYNAMICS OF MICROBIAL AND VIRAL FUNCTION AND ADAPTATION IN HYDROTHERMAL VENTS. | $27,358 |
THE JACKSON LABORATORY PURPOSE: ONLINE MODULES FOR QUANTITATIVE SKILL BUILDING: EXPLORING, ADAPTATION AND ADOPTION. | $38,645 |
UNIVERSITY OF CALIFORNIA - SAN DIEGO PURPOSE: DEVELOPMENT OF NOVEL AUGMENTED REALITY TOOL FOR TEACHING MOLECULAR VISUALIZATION IN BIOCHEMISTRY. | $28,376 |
PENN STATE UNIVERSITY PURPOSE: 20-EPRV20_2-0014, LINKING SOLAR MAGNETIC ACTIVITY AND RADIAL VELOCITY VARIABILITY WITH ULTRA-HIGH RESOLUTION LASER HETERODYNE SPECTROSCOPY. | $23,446 |