Whitman College Board Of Trustees
- Assets
- $951.8m
- Revenue
- $156.0m
- Investments
- $413.3m
- Employees
- 1,652
- Location
- Walla Walla, WA
- Founding
- 03/1920
- Data as of
- 06/2022
- EIN
- 91-0567740
Organization Overview
Whitman College Board Of Trustees is located in Walla Walla, WA. The organization was established in 1920. 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, Whitman College Board Of Trustees employed 1,652 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Whitman College Board Of Trustees 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, Whitman College Board Of Trustees generated $156.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $133.8m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE A RIGOROUS LIBERAL ARTS EDUCATION TO PASSIONATE, ENGAGED STUDENTS FROM DIVERSE BACKGROUNDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE ACADEMIC INSTRUCTION, SUPPORT AND OTHER PROGRAMS TO ALL WHITMAN COLLEGE STUDENTS, INCLUDING 1,400 FULL-YEAR UNDUPLICATED FULL TIME EQUIVALENT STUDENTS AND 355 GRADUATED STUDENTS.
TO PROVIDE STUDENTS WITH SERVICES INCLUDING FINANCIAL AID ASSISTANCE, COUNSELING, INTERNSHIPS, JOB PLACEMENT, INSTRUCTIONAL SCHOLARSHIPS, AND FEDERAL LOANS OR GRANTS. DURING THE FISCAL YEAR, 1,439 STUDENTS RECEIVED INSTRUCTIONAL SCHOLARSHIPS AND 848 STUDENTS RECEIVED FEDERAL LOANS OR GRANTS.
TO PROVIDE STUDENTS WITH AUXILIARY SERVICES. DURING THE FISCAL YEAR, 797 STUDENTS WERE HOUSED IN COLLEGE-PROVIDED HOUSING AND 744 STUDENTS PARTICIPATED IN COLLEGE-PROVIDED BOARD PLANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph C Davis Chair | OfficerTrustee | 1 | $0 |
Dana Reid Vice Chair | OfficerTrustee | 1 | $0 |
Barbara Feigin Trustee (thru 6/23) | Trustee | 1 | $0 |
Danielle Garbe Reser Trustee | Trustee | 1 | $0 |
Mark Kajita Trustee | Trustee | 1 | $0 |
Gordon Keane Jr Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bon Appetit Food Services | 6/29/23 | $5,871,255 |
Apollo Mechanical Contract Construction | 6/29/23 | $1,115,534 |
Hays Electric Llc Construction | 6/29/23 | $612,325 |
Otis Elevator Construction | 6/29/23 | $347,636 |
Integrus Architecture P S Architecture | 6/29/23 | $291,855 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,899,566 |
| All other contributions, gifts, grants, and similar amounts not included above | $23,293,333 |
| Noncash contributions included in lines 1a–1f | $14,132,908 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,192,899 |
| Total Program Service Revenue | $97,675,433 |
| Investment income | $14,220,072 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $3,555 |
| Net Rental Income | $1,960,705 |
| Net Gain/Loss on Asset Sales | $16,975,735 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$803 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $156,027,596 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $38,101,174 |
| Grants and other assistance to Foreign Orgs/Individuals | $2,072,989 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,096,070 |
| Compensation of current officers, directors, key employees. | $1,137,960 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $36,476,066 |
| Pension plan accruals and contributions | $5,983,502 |
| Other employee benefits | $3,682,436 |
| Payroll taxes | $2,741,564 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $249,549 |
| Fees for services: Accounting | $126,613 |
| Fees for services: Lobbying | $4,812 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,986,507 |
| Fees for services: Other | $14,676,506 |
| Advertising and promotion | $0 |
| Office expenses | $52,826 |
| Information technology | $1,811,547 |
| Royalties | $0 |
| Occupancy | $2,440,009 |
| Travel | $3,366,974 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,389,739 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,478,023 |
| Insurance | $1,307,105 |
| All other expenses | $0 |
| Total functional expenses | $133,785,938 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,585,673 |
| Savings and temporary cash investments | $60,868,168 |
| Pledges and grants receivable | $17,907,905 |
| Accounts receivable, net | $726,632 |
| 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 | $649,120 |
| Net Land, buildings, and equipment | $165,686,724 |
| Investments—publicly traded securities | $288,232,930 |
| Investments—other securities | $413,312,465 |
| Investments—program-related | $738,496 |
| Intangible assets | $0 |
| Other assets | $1,046,702 |
| Total assets | $951,754,815 |
| Accounts payable and accrued expenses | $9,729,651 |
| Grants payable | $989,264 |
| Deferred revenue | $1,863,212 |
| Tax-exempt bond liabilities | $78,057,872 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $25,100,919 |
| Total liabilities | $115,740,918 |
| Net assets without donor restrictions | $334,352,892 |
| Net assets with donor restrictions | $501,661,005 |
| 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 | $951,754,815 |