Simpson College
- Assets
- $180.9m
- Revenue
- $82.6m
- Investments
- $30.2m
- Employees
- 1,051
- Location
- Indianola, IA
- Founding
- 08/1939
- Data as of
- 05/2021
- EIN
- 42-0680389
Organization Overview
Simpson College is located in Indianola, 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 05/2022, Simpson College employed 1,051 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Simpson 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 05/2021, Simpson College generated $82.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $65.1m during the year ending 05/2021. While expenses have increased by 0.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
A RESIDENTIAL, COEDUCATIONAL, UNDERGRADUATE LIBERAL ARTS COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SIMPSON COLLEGE PROVIDES FINANCIAL ASSISTANCE TO STUDENTS INCLUDING FEDERAL, STATE AND PRIVATE FUNDING AS WELL AS OTHER FORMS OF STUDENT AID AND WORK PROGRAMS. DURING THE YEAR, 1,100 STUDENTS RECEIVED SOME TYPE OF FINANCIAL AID.
SIMPSON COLLEGE PROVIDES INSTRUCTION TO APPROXIMATELY 1,218 FULL AND PART-TIME UNDERGRADUATE STUDENTS, WITH MAJOR AREAS OF INSTRUCTION IN BUSINESS, ELEMENTARY EDUCATION, SCIENCES AND THE ARTS.
SIMPSON COLLEGE PROVIDES STUDENT SERVICES SUPPORT TO ITS STUDENTS IN THE AREAS OF STUDENT DEVELOPMENT, ACADEMIC AND CAREER COUNSELING, COLLEGE CHAPLAIN, INTERCOLLEGIATE ATHLETICS, FINANCIAL AID COUNSELING AND OTHER SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marsha Kelliher President | OfficerTrustee | 40 | $374,261 |
Robert Lane VP For College Advancement | Officer | 40 | $164,145 |
John Woell Academic Dean | Officer | 40 | $157,874 |
Phillip Pena VP For Business And Finance | 40 | $155,549 | |
Heidi Levine VP For Planning And Student Development | 40 | $119,908 | |
Tracie Pavon Avp For Enrollment | 40 | $114,660 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Inc Affiliates Food Services | 5/30/22 | $2,696,826 |
Jones Lange Lasalle Facilities Mgmt Services | 5/30/22 | $2,195,087 |
Ssc Service Solutions Compass Group Usa Facilities Mgmt Services | 5/30/22 | $1,569,906 |
Byrne Jones Construction Construction | 5/30/22 | $1,301,465 |
Story Construction Co Construction | 5/30/22 | $1,123,824 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,318,467 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,843,027 |
| Noncash contributions included in lines 1a–1f | $291,127 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,161,494 |
| Total Program Service Revenue | $53,451,359 |
| Investment income | $1,340,208 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,959 |
| Net Rental Income | $2,480 |
| Net Gain/Loss on Asset Sales | $17,688,483 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $82,646,983 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $27,187,342 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $647,233 |
| Compensation of current officers, directors, key employees. | $647,233 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,925,935 |
| Pension plan accruals and contributions | $85,303 |
| Other employee benefits | $3,297,675 |
| Payroll taxes | $1,024,822 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $184,311 |
| Fees for services: Accounting | $96,470 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $77,423 |
| Fees for services: Other | $85,478 |
| Advertising and promotion | $167,757 |
| Office expenses | $715,995 |
| Information technology | $656,668 |
| Royalties | $0 |
| Occupancy | $7,990,980 |
| Travel | $121,282 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,289,554 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,531,474 |
| Insurance | $0 |
| All other expenses | $1,853,815 |
| Total functional expenses | $65,066,415 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $541,663 |
| Savings and temporary cash investments | $21,461,924 |
| Pledges and grants receivable | $1,331,102 |
| Accounts receivable, net | $1,324,859 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,232,858 |
| Net Land, buildings, and equipment | $49,237,096 |
| Investments—publicly traded securities | $74,255,837 |
| Investments—other securities | $30,184,024 |
| Investments—program-related | $1,343,580 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $180,912,943 |
| Accounts payable and accrued expenses | $5,312,565 |
| Grants payable | $0 |
| Deferred revenue | $1,224,084 |
| Tax-exempt bond liabilities | $32,180,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,807,137 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,957,565 |
| Total liabilities | $43,481,351 |
| Net assets without donor restrictions | $35,417,934 |
| Net assets with donor restrictions | $102,013,658 |
| 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 | $180,912,943 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Simpson College has recieved totaling $36,000.
| Awarding Organization | Amount |
|---|---|
Farvue Foundation Inc Washington, DC PURPOSE: SUPPORT | $35,000 |
Prospice Des Moines, IA PURPOSE: TO PROMOTE HIGHER EDUCATION | $1,000 |
Endowment Analysis
| Beg. Balance | $105,332,071 |
| Earnings | -$6,320,171 |
| Admin Expense | $87,674 |
| Net Contributions | $1,051,350 |
| Other Expense | $2,082,243 |
| Grants | $2,466,179 |
| Ending Balance | $95,427,154 |
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 |