Gustavus Adolphus College
- Assets
- $555.2m
- Revenue
- $183.5m
- Investments
- $175.4m
- Employees
- 2,764
- Location
- Saint Peter, MN
- Founding
- 02/1935
- Data as of
- 05/2022
- EIN
- 41-0695524
Organization Overview
Gustavus Adolphus College is located in Saint Peter, MN. The organization was established in 1935. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 05/2023, Gustavus Adolphus College employed 2,764 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gustavus Adolphus 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 05/2022, Gustavus Adolphus College generated $183.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $159.1m during the year ending 05/2022. While expenses have increased by 2.3% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
GUSTAVUS ADOLPHUS COLLEGE PREPARES ITS STUDENTS FOR FULFILLING LIVES OF LEADERSHIP AND SERVICE AND IS COMMITTED TO THE CORE VALUES OF EXCELLENCE, COMMUNITY, JUSTICE, SERVICE, AND FAITH. IT IS ESPECIALLY KNOWN FOR STRONG SCIENCE, WRITING, MUSIC, ATHLETICS, AND STUDY ABROAD PROGRAMS. THE COLLEGE HOSTS A CHAPTER OF PHI BETA KAPPA AND IS INTERNATIONALLY RECOGNIZED FOR ITS ANNUAL NOBEL CONFERENCE SANCTIONED BY THE NOBEL FOUNDATION IN STOCKHOLM, SWEDEN. THE STUDENTS, FACULTY, ADMINISTRATION, STAFF AND BOARD OF DIRECTORS BELIEVE IN A STRONG, OPEN COMMUNITY WHERE ALL CITIZENS PLAY A VITAL ROLE. GUSTAVUS HAS CONSISTENTLY PRODUCED GRADUATES WHO LEAD LIVES OF UNCOMMON PURPOSE AND PASSION, AND DEMONSTRATE THAT THEY MAKE THEIR LIVES COUNT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION AND ACADEMIC SUPPORT: GUSTAVUS OFFERS 72 MAJORS IN 24 ACADEMIC DEPARTMENTS AND 13 INTERDISCIPLINARY PROGRAMS, WITH A STUDENT-FACULTY RATIO OF 11:1. TOTAL FTE ENROLLMENT FOR ACADEMIC YEAR 2022-2023 WAS 2,043, WITH 419 STUDENTS GRADUATING IN MAY 2023.
GUSTAVUS OFFERS A NUMBER OF ACTIVITIES THAT ENHANCE THE CURRICULAR PROGRAM, INCLUDING VARIOUS PUBLIC SERVICE EVENTS AND MISCELLANEOUS SERVICES PROVIDED TO STUDENTS.
STUDENT SERVICES: GUSTAVUS SPONSORS 23 VARSITY ATHLETICS TEAMS AND 39 INTRAMURAL ACTIVITIES AND CLUB SPORTS, ALONG WITH MORE THAN 120 STUDENT ORGANIZATIONS. APPROXIMATELY 99% OF STUDENTS ARE INVOLVED IN AT LEAST ONE EXTRACURRICULAR ACTIVITY. OTHER STUDENT SERVICES INCLUDE ADMISSION, COMMUNITY-BASED SERVICE LEARNING, CAREER DEVELOPMENT, PEER MENTORING, OFFICE OF THE CHAPLAINS, CENTER FOR INCLUSIVE EXCELLENCE, FINANCIAL ASSISTANCE, HEALTH SERVICES, REGISTRAR, CAMPUS ACTIVITIES AND RESIDENTIAL LIFE PROGRAMS.
AUXILIARY SERVICES: AS A RESIDENTIAL COLLEGE, GUSTAVUS IS COMMITTED TO RESIDENCE HALL LIVING AS A VITAL COMPLEMENT TO ITS ACADEMIC PROGRAM. APPROXIMATELY 85% OF STUDENTS LIVE IN COLLEGE-OWNED RESIDENCES AND EAT IN THE COLLEGE'S DINING SERVICE. DURING FALL 2022, 1,744 STUDENTS LIVED IN COLLEGE-OWNED RESIDENCES. THE COLLEGE BOOKSTORE PROVIDES TEXTBOOKS AND OTHER EDUCATIONAL SUPPLIES FOR STUDENTS. OTHER ITEMS FOR SALE INCLUDE: CLOTHING EMBOSSED WITH THE COLLEGE'S INSIGNIA, BOOKS AND MISCELLANEOUS NOVELTY ITEMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca M Bergman President | OfficerTrustee | 50 | $350,210 |
Thomas W Young Vice President For Institutional Advancement | 50 | $174,421 | |
Brenda S Kelly Provost And Dean Of The College | Officer | 50 | $199,765 |
Amy E Seham Faculty | 50 | $180,850 | |
Curtis J Kowaleski CFO Vice President Of Finance And Treasurer | Officer | 50 | $194,250 |
Jones R Vanhecke Vice President For Student Life & Dean Of Students | 50 | $158,934 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kraus-anderson Companies Inc Construction Services | 5/30/23 | $15,068,193 |
Barton Denmarsh Esteban Inc Marketing | 5/30/23 | $961,512 |
Two Ocean Education Partners Llc Enrollment Consultant | 5/30/23 | $447,000 |
Hamilton Lane Advisors Llc Endowment Consultant | 5/30/23 | $685,815 |
Mn Cln Services Inc Cleaning Services | 5/30/23 | $441,013 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $113,673 |
| Related organizations | $0 |
| Government grants | $7,185,944 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,726,477 |
| Noncash contributions included in lines 1a–1f | $2,086,352 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,026,094 |
| Total Program Service Revenue | $134,146,710 |
| Investment income | $1,323,444 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $9,393 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $24,917,956 |
| Net Income from Fundraising Events | -$2,915 |
| Net Income from Gaming Activities | $90,180 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $183,510,862 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $76,495 |
| Grants and other assistance to domestic individuals. | $67,414,516 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $949,023 |
| Compensation of current officers, directors, key employees. | $707,809 |
| Compensation to disqualified persons | $151,957 |
| Other salaries and wages | $39,787,324 |
| Pension plan accruals and contributions | $2,188,920 |
| Other employee benefits | $8,486,153 |
| Payroll taxes | $2,661,931 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $631,650 |
| Fees for services: Accounting | $80,721 |
| Fees for services: Lobbying | $106,701 |
| Fees for services: Fundraising | $140,459 |
| Fees for services: Investment Management | $796,062 |
| Fees for services: Other | $1,850,796 |
| Advertising and promotion | $412,951 |
| Office expenses | $776,564 |
| Information technology | $1,129,731 |
| Royalties | $0 |
| Occupancy | $4,621,269 |
| Travel | $1,262,587 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $135,233 |
| Interest | $2,487,841 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,499,500 |
| Insurance | $938,632 |
| All other expenses | $7,017,410 |
| Total functional expenses | $159,071,069 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,177 |
| Savings and temporary cash investments | $36,956,417 |
| Pledges and grants receivable | $26,324,309 |
| Accounts receivable, net | $599,400 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $15,103 |
| Inventories for sale or use | $487,517 |
| Prepaid expenses and deferred charges | $2,284,531 |
| Net Land, buildings, and equipment | $187,027,596 |
| Investments—publicly traded securities | $124,167,599 |
| Investments—other securities | $175,415,804 |
| Investments—program-related | $849,869 |
| Intangible assets | $0 |
| Other assets | $1,061,019 |
| Total assets | $555,228,341 |
| Accounts payable and accrued expenses | $20,796,520 |
| Grants payable | $0 |
| Deferred revenue | $2,999,626 |
| Tax-exempt bond liabilities | $63,180,627 |
| Escrow or custodial account liability | $2,674,549 |
| 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 | $9,568,944 |
| Total liabilities | $99,220,266 |
| Net assets without donor restrictions | $178,600,716 |
| Net assets with donor restrictions | $277,407,359 |
| 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 | $555,228,341 |
Grants Awarded
Over the last fiscal year, Gustavus Adolphus College has awarded $65,077 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF SAINT PETER PURPOSE: Community Support | $40,000 |
GREAT RIVER GREENING PURPOSE: Research Subgrant | $13,041 |
NICOLLET SOIL & WATER CONSERVATION DISTRICT PURPOSE: Research Subgrant | $12,036 |