Tabor College Inc
- Assets
- $49.8m
- Revenue
- $28.9m
- Investments
- $0.0
- Employees
- 506
- Location
- Hillsboro, KS
- Founding
- 05/1957
- Data as of
- 06/2021
- EIN
- 48-0556726
Organization Overview
Tabor College Inc is located in Hillsboro, KS. The organization was established in 1957. 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, Tabor College Inc employed 506 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tabor College Inc 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, Tabor College Inc generated $28.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $27.5m during the year ending 06/2021. While expenses have increased by 3.0% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
FOUR YEAR CHRISTIAN LIBERAL ARTS COLLEGE THAT PROVIDES EDUCATIONAL AND RELIGIOUS OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION OF APPROXIMATELY 600 STUDENTS STUDYING TO RECEIVE A COLLEGE DEGREE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jules Glanzer President | Officer | 40 | $188,100 |
Michael James VP - Bus Affairs/finance | Officer | 40 | $93,375 |
Susan Koslowsky Chair | OfficerTrustee | 3 | $0 |
Theodore Faszer Secretary | OfficerTrustee | 3 | $0 |
Loren Balzer Treasurer | OfficerTrustee | 3 | $0 |
Diana Raugust Vice Chair | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Vogts Construction Company Construction Contractor | 6/29/21 | $2,069,257 |
Pioneer College Caterers Inc Food Service | 6/29/21 | $1,138,724 |
Mbs Direct Textbooks | 6/29/21 | $197,046 |
Kansas Independent College Foundation Technology Support And Educational | 6/29/21 | $179,532 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,082,912 |
| Investment income | $875,174 |
| 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 | $28,921,080 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $9,802,480 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $318,133 |
| Compensation to disqualified persons | $6,073,618 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $228,915 |
| Other employee benefits | $1,089,542 |
| Payroll taxes | $400,704 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $213,014 |
| Advertising and promotion | $91,852 |
| Office expenses | $214,262 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,932,419 |
| Travel | $315,218 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $266,771 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,287,721 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $27,479,782 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,041,977 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $215,899 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $46,204 |
| Investments—publicly traded securities | $16,220,351 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $393,403 |
| Total assets | $49,752,684 |
| Accounts payable and accrued expenses | $508,628 |
| Grants payable | $0 |
| Deferred revenue | $601,591 |
| Tax-exempt bond liabilities | $5,283,344 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,029,017 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,285,339 |
| Total liabilities | $9,707,919 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $40,044,765 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Tabor College Inc has recieved totaling $54,820.
| Awarding Organization | Amount |
|---|---|
Mcpherson County Community Foundation Mcpherson, KS PURPOSE: HOUSING PROJECT | $23,470 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $12,000 |
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $9,610 |
Elpis Foundation Tulsa, OK PURPOSE: GENERAL FUND. | $5,000 |
Pete Henry Foundation Colby, KS PURPOSE: SCHOLARSHIPS | $2,100 |
Rose Spurrier Scholarship Fund Kingman, KS PURPOSE: SCHOLARSHIP | $1,800 |
Endowment Analysis
| Beg. Balance | $11,269,303 |
| Earnings | $2,567,920 |
| Net Contributions | $1,529,707 |
| Other Expense | $376,681 |
| Ending Balance | $14,990,249 |
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 |