Central College
- Assets
- $182.0m
- Revenue
- $65.4m
- Investments
- $36.8m
- Employees
- 1,382
- Location
- Pella, IA
- Founding
- 09/1939
- Data as of
- 06/2020
- EIN
- 42-0680344
Organization Overview
Central College is located in Pella, IA. The organization was established in 1939. 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, Central College employed 1,382 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central 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 06/2020, Central College generated $65.4m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $70.9m during the year ending 06/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
CENTRAL COLLEGE IS A PRIVATE LIBERAL ARTS INSTITUTION DEDICATED TO THE FOUR YEAR UNDERGRADUATE EXPERIENCE
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED EDUCATIONAL SERVICES RELATED TO CLASSROOM TEACHING, LABORATORY EXPERIENCES, AND PROGRAM SERVICE TO 1,120 STUDENTS, INCLUDING 1,015 RECEIVING INSTITUTIONAL FINANCIAL ASSISTANCE.
PROVIDED ROOM AND BOARD ON A RESIDENTIAL CAMPUS TO 1056 STUDENTS LIVING IN RESIDENTIAL UNITS AND 1045 STUDENTS WITH BOARD CONTRACTS.
EXPENSES RELATED TO PROVIDING PERSONAL SERVICES AND ACTIVITIES FOR STUDENTS AT A RESIDENTIAL COLLEGE, INCLUDING COUNSELING, EXTRA-CURRICULAR ACTIVITIES, HEALTH CENTER, ADMISSIONS, AND STUDENT GOVERNMENT.
GOVERNMENT-SPONSORED TRIO PROGRAMS - EXPENSES OF FEDERAL GRANT PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Putnam - President President | Officer | 40 | $267,719 |
Mary Strey VP Academics | Officer | 40 | $194,086 |
Thomas Johnson VP Finance & | Officer | 40 | $189,571 |
Carol Williamson VP Enrollmen | Officer | 40 | $150,510 |
Sunny Eighmy VP Developme | 40 | $137,898 | |
Robert Franks Faculty | 40 | $114,571 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Weitz Contractor | 6/29/21 | $3,518,816 |
Conference Technologies Contractor | 6/29/21 | $375,760 |
Lmc Insurance & Risk Management Insurance | 6/29/21 | $319,190 |
Johnson Controls Inc Contractor | 6/29/21 | $310,150 |
United Wisconsin Ins Insurance | 6/29/21 | $308,890 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,264,182 |
| Investment income | $4,742,939 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $75,170 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $65,374,610 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $26,485,137 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,677,876 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,075,639 |
| Pension plan accruals and contributions | $1,260,076 |
| Other employee benefits | $2,330,664 |
| Payroll taxes | $1,268,805 |
| Fees for services: Management | $744,444 |
| Fees for services: Legal | $107,445 |
| Fees for services: Accounting | $82,981 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $790,244 |
| Office expenses | $1,977,239 |
| Information technology | $695,435 |
| Royalties | $0 |
| Occupancy | $711,333 |
| Travel | $780,265 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $124,260 |
| Interest | $1,847,702 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,913,662 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $70,929,384 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $978,923 |
| Savings and temporary cash investments | $3,310,908 |
| Pledges and grants receivable | $2,812,985 |
| Accounts receivable, net | $892,639 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,124,695 |
| Inventories for sale or use | $287,775 |
| Prepaid expenses and deferred charges | $282,947 |
| Investments—publicly traded securities | $41,814,856 |
| Investments—other securities | $36,827,046 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $367,589 |
| Total assets | $182,044,293 |
| Accounts payable and accrued expenses | $3,933,628 |
| Grants payable | $0 |
| Deferred revenue | $1,292,658 |
| 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 | $66,443,819 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,634,538 |
| Total liabilities | $79,304,643 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $102,739,650 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Central College has recieved totaling $4,150.
| Awarding Organization | Amount |
|---|---|
Mount Saint Clare Education Charitable Trust Clinton, IA PURPOSE: SCHOLARSHIPS | $3,000 |
King Scholarship Fund Dallas, TX PURPOSE: SCHOLARSHIP | $1,150 |
Endowment Analysis
| Beg. Balance | $79,516,457 |
| Earnings | $20,769,085 |
| Net Contributions | $3,460,659 |
| Other Expense | $2,428,648 |
| Grants | $1,571,352 |
| Ending Balance | $99,746,202 |
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 |
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 |
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 |
College Of The Ozarks Point Lookout, MO | $787,489,229 | $134,988,466 |
Coe College Cedar Rapids, IA | $182,564,776 | $91,175,984 |