Hesston College
- Assets
- $45.1m
- Revenue
- $15.5m
- Investments
- $22.9k
- Employees
- 385
- Location
- Hesston, KS
- Founding
- 06/1946
- Data as of
- 06/2023
- EIN
- 48-0548361
Organization Overview
Hesston College is located in Hesston, KS. 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 06/2023, Hesston College employed 385 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hesston 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 06/2023, Hesston College generated $15.5m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $18.5m during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OPERATE A COLLEGE THAT PROVIDES EDUCATIONAL AND RELIGIOUS OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL SERVICES, ROOM AND BOARD PROVIDED TO APPROXIMATELY 330 STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Kabira Chair | OfficerTrustee | 6 | $0 |
Anita Stalter Vice Chair | OfficerTrustee | 2 | $0 |
Paula Brunk Kuhns Secretary | OfficerTrustee | 2 | $0 |
Steve Ropp Treasurer | OfficerTrustee | 2 | $0 |
Luke Roth-Mullet Member | Trustee | 2 | $0 |
Dwight Gingerich Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cozen O'connor Professional Services Title Ix | 6/29/23 | $248,316 |
Fresh Ideas Management Llc Food Service Management | 6/29/23 | $631,394 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $237,325 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,834,267 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,071,592 |
| Total Program Service Revenue | $12,297,744 |
| Investment income | $136,113 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $15,505,449 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,569,226 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $267,170 |
| Compensation of current officers, directors, key employees. | $267,170 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,139,360 |
| Pension plan accruals and contributions | $284,575 |
| Other employee benefits | $747,204 |
| Payroll taxes | $419,339 |
| Fees for services: Management | $24,308 |
| Fees for services: Legal | $20,494 |
| Fees for services: Accounting | $39,475 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,026,710 |
| Advertising and promotion | $102,225 |
| Office expenses | $412,162 |
| Information technology | $299,509 |
| Royalties | $0 |
| Occupancy | $414,661 |
| Travel | $349,908 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,476 |
| Interest | $87,046 |
| Payments to affiliates | $33,934 |
| Depreciation, depletion, and amortization | $1,116,371 |
| Insurance | $236,615 |
| All other expenses | $0 |
| Total functional expenses | $18,518,148 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,447,963 |
| Savings and temporary cash investments | $1,145,653 |
| Pledges and grants receivable | $127,363 |
| Accounts receivable, net | $141,781 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $280,366 |
| Inventories for sale or use | $52,387 |
| Prepaid expenses and deferred charges | $42,272 |
| Net Land, buildings, and equipment | $21,807,798 |
| Investments—publicly traded securities | $14,894,887 |
| Investments—other securities | $22,928 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,139,522 |
| Total assets | $45,102,920 |
| Accounts payable and accrued expenses | $389,220 |
| Grants payable | $0 |
| Deferred revenue | $201,630 |
| 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 | $1,170,462 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $350,612 |
| Total liabilities | $2,111,924 |
| Net assets without donor restrictions | $24,334,813 |
| Net assets with donor restrictions | $18,656,183 |
| 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 | $45,102,920 |