Mcpherson College
- Assets
- $110.1m
- Revenue
- $65.4m
- Investments
- $18.9m
- Employees
- 493
- Location
- Mcpherson, KS
- Founding
- 08/1935
- Data as of
- 06/2022
- EIN
- 48-0543736
Organization Overview
Mcpherson College is located in Mcpherson, KS. The organization was established in 1935. 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, Mcpherson College employed 493 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mcpherson 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 06/2022, Mcpherson College generated $65.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.2% each year . All expenses for the organization totaled $39.5m during the year ending 06/2022. While expenses have increased by 6.1% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP WHOLE PERSONS THROUGH SCHOLARSHIP, PARTICIPATION AND SERVICE. MCPHERSON COLLEGE IS A VIBRANT COMMUNITY OF PERSONS FROM DIVERSE FAITHS AND CULTURAL BACKGROUNDS. THE COLLEGE PROVIDES EDUCATION IN OVER 30 AREAS OF STUDY, SERVING APPROXIMATELY 860 STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MCPHERSON COLLEGE IS COMMITTED TO ITS MISSION "TO DEVELOP WHOLE PERSONS THROUGH SCHOLARSHIP, PARTICIPATION AND SERVICE" IN A CAREER-FOCUSED LIBERAL ARTS ENVIRONMENT. IT'S BEEN RECOGNIZED NATIONALLY BY US NEWS & WORLD REPORT, MONEY MAGAZINE, AND THE CHRONICAL OF HIGHER EDUCATION'S "GREAT COLLEGES TO WORK FOR." ITS AUTOMOTIVE RESTORATION PROGRAM IS THE FIRST FOUR-YEAR DEGREE PROGRAM OF ITS KIND AND WAS AWARDED THE PRESTIGIOUS INDUSTRY SUPPORTER OF THE YEAR BY INTERNATIONAL HISTORIC MOTORING. LEARN ABOUT ALL OF ITS PROGRAMS AT WWW.MCPHERSON.EDU.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Schneider College Pres | Officer | 50 | $312,986 |
Richard Tuxhorn Dir Of Endow | Officer | 50 | $116,733 |
Amanda Gutierrez Provost/exec | 50 | $109,192 | |
Bruce Clary VP Academic | 50 | $105,061 | |
Erik Vogal VP For Advan | 50 | $104,999 | |
Kerri Kobbeman Chair | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Beck Associates Architects Design | 6/29/22 | $598,685 |
Tim Cheatham Construction Llc Construction | 6/29/22 | $305,955 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,009,065 |
| All other contributions, gifts, grants, and similar amounts not included above | $27,726,487 |
| Noncash contributions included in lines 1a–1f | $997,239 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,735,552 |
| Total Program Service Revenue | $30,823,942 |
| Investment income | $1,508,902 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $249,748 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,074,448 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$16,693 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $65,375,899 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $16,602,954 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $429,719 |
| Compensation of current officers, directors, key employees. | $304,525 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,353,402 |
| Pension plan accruals and contributions | $688,066 |
| Other employee benefits | $1,148,952 |
| Payroll taxes | $596,819 |
| Fees for services: Management | $378,045 |
| Fees for services: Legal | $36,699 |
| Fees for services: Accounting | $90,234 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $705,643 |
| Fees for services: Other | $354,295 |
| Advertising and promotion | $210,263 |
| Office expenses | $640,505 |
| Information technology | $570,468 |
| Royalties | $0 |
| Occupancy | $1,205,370 |
| Travel | $716,713 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $307,385 |
| Interest | $439,410 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,468,125 |
| Insurance | $640,848 |
| All other expenses | $194,380 |
| Total functional expenses | $39,460,583 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $528,611 |
| Savings and temporary cash investments | $5,893,502 |
| Pledges and grants receivable | $25,164,665 |
| Accounts receivable, net | $532,810 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $731,345 |
| Inventories for sale or use | $2,274,298 |
| Prepaid expenses and deferred charges | $30,977 |
| Net Land, buildings, and equipment | $27,188,660 |
| Investments—publicly traded securities | $26,843,477 |
| Investments—other securities | $18,898,849 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,058,421 |
| Total assets | $110,145,615 |
| Accounts payable and accrued expenses | $1,170,163 |
| Grants payable | $0 |
| Deferred revenue | $164,538 |
| Tax-exempt bond liabilities | $9,957,242 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $452,682 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,608,174 |
| Total liabilities | $14,352,799 |
| Net assets without donor restrictions | $32,033,123 |
| Net assets with donor restrictions | $63,759,693 |
| 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 | $110,145,615 |
Grants Recieved
Over the last fiscal year, we have identified 23 grants that Mcpherson College has recieved totaling $1,951,245.
| Awarding Organization | Amount |
|---|---|
Saint Stephens Of Kansas Charitable Tr Mcpherson, KS PURPOSE: STUDENT CENTER&HEALTHCARE INITIATIVE | $750,000 |
Elmer Dalke Charitable Foundation Mcpherson, KS PURPOSE: EXPERIENTIAL LEARNING CENTER BLDG | $600,000 |
James E Davis Family Charities Inc Jacksonville, FL PURPOSE: UNSPECIFIED | $250,000 |
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $80,000 |
Organization Name not Listed PURPOSE: AUTOMOTIVE RESTORATION SCHOLARSHIP PROGRAM | | $40,000 |
Rpm Foundation Tacoma, WA PURPOSE: Scholarship funding | $40,000 |
Endowment Analysis
| Beg. Balance | $53,919,730 |
| Earnings | -$1,285,504 |
| Net Contributions | $3,615,520 |
| Other Expense | $2,878,599 |
| Ending Balance | $53,371,147 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
College Of The Ozarks Point Lookout, MO | $787,489,229 | $134,988,466 |
Benedictine College Atchison, KS | $163,686,664 | $96,440,027 |
Ottawa University Ottawa, KS | $107,254,264 | $83,319,178 |
Drury University Springfield, MO | $197,297,672 | $75,721,067 |
Nebraska Wesleyan University Lincoln, NE | $157,848,451 | $80,524,359 |
Oklahoma Baptist University Shawnee, OK | $289,242,729 | $80,964,114 |
Oklahoma Christian University Inc Oklahoma City, OK | $129,228,959 | $77,254,883 |
Doane University Crete, NE | $228,017,136 | $66,548,317 |
Evangel University Of The Assemblies Of God Springfield, MO | $85,500,586 | $68,026,521 |
Midland University Fremont, NE | $77,234,714 | $60,429,384 |
Central Methodist University Fayette, MO | $161,128,391 | $65,752,214 |
William Jewell College Liberty, MO | $138,174,507 | $49,377,846 |