Central College
- Assets
- $195.8m
- Revenue
- $52.4m
- Investments
- $46.2m
- Employees
- 1,357
- Location
- Pella, IA
- Founding
- 09/1939
- Data as of
- 06/2021
- 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 06/2022, Central College employed 1,357 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 06/2021, Central College generated $52.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $50.4m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (4.3%) per year over the past 7 years. 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
2021
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 1,139 STUDENTS, INCLUDING 1,101 RECEIVING INSTITUTIONAL FINANCIAL ASSISTANCE.
GOVERNMENT-SPONSORED TRIO PROGRAMS - EXPENSES OF FEDERAL GRANT PROGRAM
PROVIDED ROOM AND BOARD ON A RESIDENTIAL CAMPUS TO 1,064 STUDENTS LIVING IN RESIDENTIAL UNITS AND 1,046 STUDENTS WITH BOARD CONTRACTS.
EXPENSES RELATED TO PROVIDING PERSONAL SERVICES AND ACTIVITIES FOR STUDENTS AT A RESIDENTIAL COLLEGE, INCLUDING COUNSELING, EXTRA-CURRICULAR ACTIVITIES, WELLNESS, ADMISSIONS, AND STUDENT GOVERNMENT.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Putnam - President President | Officer | 40 | $288,713 |
Mary Strey VP Academics | Officer | 40 | $197,958 |
Thomas Johnson VP Finance & | Officer | 40 | $193,397 |
Carol Williamson VP Enrollmen | Officer | 40 | $154,569 |
Sunny Eighmy VP Developme | 40 | $147,012 | |
Jeff Mcmartin Coach | 40 | $110,593 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ellucian Company Lp Software | 6/29/22 | $304,135 |
Universal Protection Service Lp Security | 6/29/22 | $141,266 |
Capfinancial Partners Llc Investment Serv | 6/29/22 | $111,575 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,405,076 |
| Investment income | $4,182,399 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $66,015 |
| 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 | $52,413,154 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $6,206,652 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,674,727 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,827,924 |
| Pension plan accruals and contributions | $1,407,506 |
| Other employee benefits | $1,943,709 |
| Payroll taxes | $1,326,176 |
| Fees for services: Management | $474,335 |
| Fees for services: Legal | $189,044 |
| Fees for services: Accounting | $54,286 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $706,673 |
| Office expenses | $2,272,138 |
| Information technology | $1,053,048 |
| Royalties | $0 |
| Occupancy | $854,130 |
| Travel | $441,462 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $84,240 |
| Interest | $1,741,751 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,818,895 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $50,392,592 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,684,533 |
| Savings and temporary cash investments | $432,122 |
| Pledges and grants receivable | $2,421,060 |
| Accounts receivable, net | $633,238 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,505,165 |
| Inventories for sale or use | $287,549 |
| Prepaid expenses and deferred charges | $335,544 |
| Investments—publicly traded securities | $46,127,371 |
| Investments—other securities | $46,229,031 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $367,589 |
| Total assets | $195,820,230 |
| Accounts payable and accrued expenses | $5,595,037 |
| Grants payable | $0 |
| Deferred revenue | $535,651 |
| 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 | $64,738,244 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,076,808 |
| Total liabilities | $73,945,740 |
| 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 | $121,874,490 |