Presentation College
- Assets
- $36.4m
- Revenue
- $19.6m
- Investments
- $28.1k
- Employees
- 284
- Location
- Aberdeen, SD
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 46-0280847
Organization Overview
Presentation College is located in Aberdeen, SD. The organization was established in 1946. 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, Presentation College employed 284 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Presentation 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, Presentation College generated $19.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $18.2m during the year ending 06/2021. 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
CHALLENGE LEARNERS TOWARD ACADEMIC EXCELLENCE AND THE DEVELOPMENT OF THE WHOLE PERSON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED EDUCATIONAL SERVICES AT LOCATIONS IN ABERDEEN, SD, FAIRMONT, MN, AND ONLINE TO 525 FULL-TIME UNDERGRADUATE STUDENTS, 38 PART-TIME UNDERGRADUATE STUDENTS, AND 31 GRADUATE STUDENTS IN THE 2020-2021 SCHOOL YEAR.
AUXILIARY ENTERPRISES - CAMPUS HOUSING, FOOD SERVICE, CAMPUS STORE, DOME, AND STRODE FACILITY
FUNDED AND UNFUNDED SCHOLARSHIPS AND GRANTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Paula Langteau President | Officer | 40 | $225,867 |
Dr Diane Duin VP For Academics Affairs (july-May) | 40 | $138,000 | |
Dr Sandra Welling - Int Chief Academic Officer/ Dean Of Nursing | 40 | $132,600 | |
Dr Daisy Halvorson VP For Finance & Admin. | Officer | 40 | $120,000 |
Dr Marcus Garstecki - Vp For Enrollment Mgmt & Student Affairs | 40 | $120,000 | |
Matthew Blair VP For Advancement | 40 | $120,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aramark Chicago Lockbox Dining Services | 6/29/21 | $680,757 |
Duenwald Transportation Transportation | 6/29/21 | $109,401 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $237,033 |
| Related organizations | $0 |
| Government grants | $2,729,006 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,977,304 |
| Noncash contributions included in lines 1a–1f | $753,581 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,943,343 |
| Total Program Service Revenue | $14,055,989 |
| Investment income | $322,940 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $41,700 |
| Net Gain/Loss on Asset Sales | $299,525 |
| Net Income from Fundraising Events | -$63,053 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$19,192 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,581,252 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,250,581 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $341,400 |
| Compensation of current officers, directors, key employees. | $341,400 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,693,098 |
| Pension plan accruals and contributions | $52,166 |
| Other employee benefits | $864,929 |
| Payroll taxes | $414,199 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $47,433 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $50,968 |
| Fees for services: Other | $1,228,111 |
| Advertising and promotion | $186,851 |
| Office expenses | $309,134 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,207,284 |
| Travel | $239,771 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $74,395 |
| Interest | $579,353 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,219,203 |
| Insurance | $219,439 |
| All other expenses | $149,624 |
| Total functional expenses | $18,242,539 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $955,188 |
| Pledges and grants receivable | $389,449 |
| Accounts receivable, net | $645,272 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $17,759 |
| Prepaid expenses and deferred charges | $147,234 |
| Net Land, buildings, and equipment | $18,522,225 |
| Investments—publicly traded securities | $15,331,854 |
| Investments—other securities | $28,144 |
| Investments—program-related | $74,380 |
| Intangible assets | $0 |
| Other assets | $321,676 |
| Total assets | $36,433,181 |
| Accounts payable and accrued expenses | $983,900 |
| Grants payable | $0 |
| Deferred revenue | $660,410 |
| Tax-exempt bond liabilities | $9,799,867 |
| Escrow or custodial account liability | $59,593 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $110,557 |
| Unsecured mortgages and notes payable | $500,150 |
| Other liabilities | $469,108 |
| Total liabilities | $12,583,585 |
| Net assets without donor restrictions | $6,779,922 |
| Net assets with donor restrictions | $17,069,674 |
| 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 | $36,433,181 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Presentation College has recieved totaling $41,200.
| Awarding Organization | Amount |
|---|---|
Cecil Duncan Tr Mitchell, SD PURPOSE: SUPPORT | $41,200 |
Endowment Analysis
| Beg. Balance | $13,202,732 |
| Earnings | $2,608,060 |
| Net Contributions | $1,354,062 |
| Grants | $639,309 |
| Ending Balance | $16,525,545 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hastings College Hastings, NE | $158,855,744 | $47,033,003 |
University Of Jamestown Jamestown, ND | $90,603,412 | $44,320,991 |
Rocky Mountain College Billings, MT | $75,298,645 | $42,030,669 |
Clarke University Of Dubuque Iowa Dubuque, IA | $72,952,113 | $42,449,331 |
Briar Cliff University Sioux City, IA | $43,158,553 | $37,073,995 |
University Of Sioux Falls Sioux Falls, SD | $85,542,086 | $32,808,257 |
George Stone Adventist School Lincoln, NE | $65,634,399 | $35,905,654 |
Iowa Wesleyan University Mt Pleasant, IA | $33,894,397 | $30,901,854 |
Mount Marty University Yankton, SD | $70,710,505 | $31,955,448 |
Dakota Wesleyan University Mitchell, SD | $90,960,221 | $27,499,766 |
College Of St Mary Omaha, NE | $99,485,997 | $30,703,868 |
Turtle Mountain Community College Inc Belcourt, ND | $74,108,632 | $32,502,071 |