Trustees Of Grinnell College, operating under the name Grinnell College, is located in Grinnell, IA. The organization was established in 1953. 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, Grinnell College employed 2,228 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grinnell 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, Grinnell College generated $274.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $190.0m during the year ending 06/2021. While expenses have increased by 2.2% 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.
Since 2015, Grinnell College has awarded 58 individual grants totaling $1,530,332. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE STUDENTS IN THE LIBERAL ARTS THROUGH FREE INQUIRY AND THE OPEN EXCHANGE OF IDEAS.
Describe the Organization's Program Activity:
INSTRUCTIONAL PROGRAMS AT THE PRIVATE 4-YEAR RESIDENTIAL COLLEGE INCLUDE THE LIBERAL ARTS AND SCIENCES. GRINNELL OFFERS A BACHELOR OF ARTS IN 27 MAJOR FIELDS WITH 16 CONCENTRATIONS AND A 1:9 FACULTY TO STUDENT RATIO. GRINNELL COLLEGE HAS APPROXIMATELY 1,700 STUDENTS GENERALLY FROM ALL STATES AND ABOUT 50 OTHER COUNTRIES. AT THE CENTER OF A GRINNELL EDUCATION IS THE COLLEGE'S INDIVIDUALLY ADVISED CURRICULUM. IT COMBINES INTENSE FACULTY MENTORING WITH AN UNCOMMON LEVEL OF STUDENT RESPONSIBILITY FOR CHOOSING THEIR OWN UNIQUE SET OF COURSES.MENTORING BEGINS IN THE FIRST-YEAR TUTORIAL, THE ONLY REQUIRED COURSE AT GRINNELL COLLEGE. FACULTY MEMBERS FROM ALL ACADEMIC DEPARTMENTS TEACH THE TUTORIAL AND THEIR TOPICS VARY WIDELY, BUT EVERY TUTORIAL EMPHASIZES WRITING, CRITICAL THINKING AND ANALYSIS, DISCUSSION SKILLS, AND INFORMATION LITERACY.EACH TUTOR ALSO SERVES AS ADVISER TO THE TUTORIAL STUDENTS UNTIL THEY DECLARE A MAJOR FIELD OF STUDY, OFFERING GUIDANCE FROM AN INSTRUCTOR WITH PERSONAL KNOWLEDGE OF THEIR ACADEMIC INTERESTS, APTITUDES, AND NEEDS.THE TUTORIAL IS USUALLY LIMITED TO 12 STUDENTS, MAKING IT SMALLER THAN THE AVERAGE CLASS, THOUGH SIMILAR IN INTENSITY TO THE REST OF THE CURRICULUM. IN FACT, GRINNELL CLASSES GENERALLY ARE SMALL, WITH AN AVERAGE ENROLLMENT OF 16 AND FEWER THAN 9 PERCENT OF CLASSES ABOVE 30 STUDENTS.MANY ACADEMIC PROGRAMS OFFER A MENTORED ADVANCED PROJECT (MAP), EITHER AS INDEPENDENT STUDY OR IN THE CONTEXT OF A SEMINAR. THE MAP, CLOSELY GUIDED BY A FACULTY DIRECTOR, GIVES UPPER-LEVEL STUDENTS OPPORTUNITY TO CULMINATE A SEQUENCE OF ACADEMIC WORK BY COMPLETING AN ADVANCED PROJECT IN RESEARCH OR CREATIVE ARTS.AT ALL LEVELS OF THE CURRICULUM, GRINNELL COLLEGE STUDENTS RECEIVE AN EDUCATION ROOTED IN ACTIVE EXPERIENCE. FOR EXAMPLE, STUDENTS IN SCIENCE CLASSES ENGAGE IN DISCOVERY-BASED LEARNING, EVEN AT THE INTRODUCTORY LEVEL. EACH AREA OF THE FINE ARTS OFFERS OPPORTUNITIES FOR CREATIVE PRACTICE ALONGSIDE THE STUDY OF HISTORY, THEORY, AND FORMAL ANALYSIS.OUTSIDE THE CLASSROOM, THE CENTER FOR CAREERS, LIFE, AND SERVICE HAS COORDINATED MORE THAN 500 COLLEGE-FUNDED SUMMER INTERNSHIPS FOR STUDENTS OVER THE PAST FIVE YEARS. ABOUT A THIRD OF STUDENTS PARTICIPATE IN INTERCOLLEGIATE ATHLETICS THROUGH MEMBERSHIP ON VARSITY TEAMS.STUDENT-REGULATED RESIDENCE LIFE, ANOTHER IMPORTANT FEATURE OF A GRINNELL EDUCATION, TEACHES STUDENTS THE PRAGMATIC SOCIAL SKILLS OF SELF-GOVERNANCE AS THEY LIVE TOGETHER IN COMMUNITY.THE COLLEGE OFFERS A CALENDAR PACKED WITH CULTURAL EVENTS AND ACTIVITIES, INCLUDING CONCERTS, LECTURES, THEATRE, FILMS, AND OPPORTUNITIES FOR VOLUNTEER AND CIVIC INVOLVEMENT. GRINNELL HAS NEVER HAD FRATERNITIES OR SORORITIES; SOCIAL EVENTS ARE OPEN TO ALL MEMBERS OF THE COLLEGE.GRINNELL'S EMPHASIS ON ACTIVE LEARNING EXTENDS TO PARTICIPATION IN THE GLOBAL COMMUNITY. WITH INTERNATIONAL STUDENTS MAKING UP NEARLY 20 PERCENT OF THE STUDENT BODY AND DOMESTIC STUDENTS REPRESENTING EVERY STATE, GRINNELL OFFERS A GEOGRAPHICALLY AND CULTURALLY DIVERSE ENVIRONMENT FOR LIVING AND LEARNING. A FLOURISHING INSTITUTE FOR GLOBAL ENGAGEMENT COORDINATES AND HIGHLIGHTS THE MANY COURSES AND PROGRAMS AT GRINNELL COLLEGE WITH A GLOBAL PERSPECTIVE. EVEN WITHOUT A LANGUAGE REQUIREMENT, NEARLY ALL STUDENTS ELECT TO STUDY A FOREIGN LANGUAGE. MORE THAN HALF OF GRINNELL STUDENTS (A NUMBER MATCHED BY VERY FEW OTHER COLLEGES) SPEND A SEMESTER IN OFF-CAMPUS STUDY. NEARLY ALL OF THESE STUDENTS DECIDE TO LIVE AND STUDY OUTSIDE OF THE UNITED STATES.INTENSIVE TEACHING, ACTIVE LEARNING, RESIDENCE IN A COMMUNITY OF CULTURAL AND GLOBAL DIVERSITY, AND SELF-GOVERNANCE IN BOTH SOCIAL AND ACADEMIC LIFE--THESE ELEMENTS COME TOGETHER AT GRINNELL COLLEGE TO FORM A DISTINCTIVE EXPERIENCE OF LIBERAL EDUCATION.
STUDENT SERVICES INCLUDES REGISTRATION, COUNSELING, ADMISSION AND FINANCIAL AID, HEALTH SERVICES, INTERCOLLEGIATE ATHLETICS, LECTURES, CONVOCATIONS AND OTHER STUDENT PROGRAMS.
ACADEMIC AND INSTITUTIONAL SUPPORT INCLUDES LIBRARY, FACULTY DEVELOPMENT, COMPUTER SERVICES, PUBLIC RELATIONS, PRINTING SERVICES, MAIL SERVICES, AND OTHER EXPENDITURES TO SUPPORT THE ACTIVITIES OF THE COLLEGE.
OTHER PROGRAM SERVICES INCLUDE AUXILIARY ENTERPRISES SUCH AS HOUSING AND FOOD SERVICES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jainen Thayer Chief Investment Officer | Officer | 60 | $797,176 |
Anne Harris President | Officer | 60 | $400,025 |
Raynard S Kington Former President | 60 | $349,813 | |
Jaci Thiede VP Development & Alumni Relations | Officer | 60 | $330,503 |
Paige L Carlson Associate Director Of Investments | 50 | $316,072 | |
Keith Archer VP Finance And Treasurer | Officer | 60 | $253,632 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Summit Street Capital Management Llc Investment Manager | 6/29/21 | $1,276,098 |
Eagle Capital Investment Manager | 6/29/21 | $1,224,397 |
Plus Consulting Llc It Consultant | 6/29/21 | $546,367 |
Nyemaster Goode Pc Legal | 6/29/21 | $489,279 |
Bares Capital Management Investment Manager | 6/29/21 | $849,227 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $2,832,622 |
All other contributions, gifts, grants, and similar amounts not included above | $8,629,901 |
Noncash contributions included in lines 1a–1f | $551,969 |
Total Revenue from Contributions, Gifts, Grants & Similar | $11,462,523 |
Total Program Service Revenue | $87,341,535 |
Investment income | $5,952,091 |
Tax Exempt Bond Proceeds | $1,161 |
Royalties | $924,366 |
Net Rental Income | -$29,465 |
Net Gain/Loss on Asset Sales | $168,321,614 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $273,975,826 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $448,787 |
Grants and other assistance to domestic individuals. | $43,246,180 |
Grants and other assistance to Foreign Orgs/Individuals | $8,651,284 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $2,962,968 |
Compensation of current officers, directors, key employees. | $1,565,789 |
Compensation to disqualified persons | $1,270,632 |
Other salaries and wages | $55,899,504 |
Pension plan accruals and contributions | $5,170,671 |
Other employee benefits | $9,271,049 |
Payroll taxes | $4,258,916 |
Fees for services: Management | $0 |
Fees for services: Legal | $752,667 |
Fees for services: Accounting | $96,918 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $204,800 |
Fees for services: Investment Management | $4,496 |
Fees for services: Other | $3,857,507 |
Advertising and promotion | $115,725 |
Office expenses | $7,930,516 |
Information technology | $3,167,085 |
Royalties | $9,447 |
Occupancy | $6,405,166 |
Travel | $411,975 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $559,433 |
Interest | $5,840,965 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $13,759,249 |
Insurance | $731,500 |
All other expenses | $1,325,262 |
Total functional expenses | $189,967,576 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $3,271,051 |
Pledges and grants receivable | $7,104,905 |
Accounts receivable, net | $4,117,782 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $410 |
Inventories for sale or use | $1,242,381 |
Prepaid expenses and deferred charges | $3,525,248 |
Net Land, buildings, and equipment | $331,918,926 |
Investments—publicly traded securities | $712,437,241 |
Investments—other securities | $2,382,136,146 |
Investments—program-related | $4,693,729 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $3,450,447,819 |
Accounts payable and accrued expenses | $46,164,717 |
Grants payable | $0 |
Deferred revenue | $5,876,110 |
Tax-exempt bond liabilities | $173,519,960 |
Escrow or custodial account liability | $4,140,759 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $60,012,799 |
Other liabilities | $10,411,051 |
Total liabilities | $300,125,396 |
Net assets without donor restrictions | $2,160,524,998 |
Net assets with donor restrictions | $989,797,425 |
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 | $3,450,447,819 |
Over the last fiscal year, Trustees Of Grinnell College has awarded $430,278 in support to 8 organizations.
Grant Recipient | Amount |
---|---|
CITY OF GRINNELL PURPOSE: GENERAL SUPPORT | $277,500 |
San Francisco, CA PURPOSE: GENERAL SUPPORT | $50,000 |
Grinnell, IA PURPOSE: GENERAL SUPPORT | $31,680 |
Memphis, TN PURPOSE: GENERAL SUPPORT | $25,000 |
Grinnell, IA PURPOSE: GENERAL SUPPORT | $21,548 |
Grinnell, IA PURPOSE: GENERAL SUPPORT | $9,050 |
Over the last fiscal year, we have identified 1 grants that Trustees Of Grinnell College has recieved totaling $5,000.
Awarding Organization | Amount |
---|---|
182210 Pgn Foundation Las Vegas, NV PURPOSE: GENERAL PURPOSE | $5,000 |
Beg. Balance | $2,090,750,442 |
Earnings | $924,779,487 |
Net Contributions | $3,632,433 |
Other Expense | $63,972,152 |
Grants | $23,640,134 |
Ending Balance | $2,931,550,076 |
Organization Name | Assets | Revenue |
---|---|---|
Columbia College Chicago Chicago, IL | $667,072,943 | $221,332,415 |
St Olaf College Northfield, MN | $1,072,190,588 | $240,994,923 |
Carleton College Northfield, MN | $1,414,260,160 | $240,267,870 |
Trustees Of Grinnell College Grinnell, IA | $3,450,447,819 | $273,975,826 |
Macalester College St Paul, MN | $1,183,330,680 | $186,131,359 |
Concordia University Inc Mequon, WI | $163,946,113 | $168,516,078 |
Wheaton College Wheaton, IL | $1,105,725,018 | $280,776,360 |
Gustavus Adolphus College Saint Peter, MN | $555,228,341 | $183,510,862 |
Augustana College Rock Island, IL | $426,442,517 | $147,587,977 |
Bethel University St Paul, MN | $210,773,506 | $136,689,038 |
Carroll University Inc Waukesha, WI | $261,882,162 | $140,965,442 |
Augsburg University Minneapolis, MN | $220,780,212 | $133,913,998 |