Menlo College
- Assets
- $65.7m
- Revenue
- $68.8m
- Investments
- $7.2m
- Employees
- 404
- Location
- Atherton, CA
- Founding
- 10/1994
- Data as of
- 06/2022
- EIN
- 94-3204136
Organization Overview
Menlo College is located in Atherton, CA. The organization was established in 1994. 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, Menlo College employed 404 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Menlo 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, Menlo College generated $68.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $50.9m during the year ending 06/2022. While expenses have increased by 3.6% 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 FUTURE LEADERS THROUGH A LIBERAL ARTS-BASED BUSINESS EDUCATION THAT INTEGRATES ACADEMIC STUDY AND FIELDWORK IN A SILICON VALLEY ENVIRONMENT UNMATCHED IN ITS POTENTIAL FOR INNOVATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COLLEGE PROVIDES INSTRUCTION TO APPROXIMATELY 804 FULL-TIME STUDENTS IN FOUR-YEAR UNDERGRADUATE MANAGEMENT AND PSYCHOLOGY PROGRAMS. EXPENDITURES INCLUDE RESIDENCE HALLS, DINING, STUDENT UNION, AND HEALTH SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Helene Kim Trustee & Adjunct | Trustee | 5 | $18,144 |
Micah Kane Board Chair | OfficerTrustee | 1 | $0 |
James A Davlin Vice Chair & Treasurer | OfficerTrustee | 1 | $0 |
Ben Wagner Board Secretary | OfficerTrustee | 1 | $0 |
Tom Byers Trustee | Trustee | 1 | $0 |
Alma Clayton-Pedersen Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Vance Brown Inc Construction | 6/29/22 | $8,424,013 |
Genesis Building Services Janitorial Services | 6/29/22 | $493,442 |
Sodexo Inc & Affiliates Dining Hall Meals | 6/29/22 | $2,641,329 |
Allied Universal Security Services Security Services | 6/29/22 | $268,925 |
Colony Landscape Maintenance Landscaping Services | 6/29/22 | $105,885 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,700,405 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,137,025 |
| Noncash contributions included in lines 1a–1f | $112,334 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,837,430 |
| Total Program Service Revenue | $42,408,109 |
| Investment income | $439,116 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,163,687 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $68,848,342 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $20,599,260 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $720,589 |
| Compensation of current officers, directors, key employees. | $370,596 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,799,410 |
| Pension plan accruals and contributions | $719,676 |
| Other employee benefits | $1,340,247 |
| Payroll taxes | $932,926 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $106,128 |
| Fees for services: Accounting | $97,471 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $133,975 |
| Fees for services: Other | $4,826,106 |
| Advertising and promotion | $529,544 |
| Office expenses | $941,285 |
| Information technology | $295,095 |
| Royalties | $0 |
| Occupancy | $1,426,746 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,601,847 |
| Interest | $2,562 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,666,265 |
| Insurance | $678,462 |
| All other expenses | $0 |
| Total functional expenses | $50,894,343 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,691,125 |
| Savings and temporary cash investments | $158,241 |
| Pledges and grants receivable | $168,550 |
| Accounts receivable, net | $2,373,123 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $37,983 |
| Prepaid expenses and deferred charges | $344,007 |
| Net Land, buildings, and equipment | $34,107,728 |
| Investments—publicly traded securities | $16,591,240 |
| Investments—other securities | $7,226,948 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $65,698,945 |
| Accounts payable and accrued expenses | $4,307,671 |
| Grants payable | $0 |
| Deferred revenue | $3,300,738 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $108,885 |
| Total liabilities | $7,717,294 |
| Net assets without donor restrictions | $16,127,233 |
| Net assets with donor restrictions | $41,854,418 |
| 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 | $65,698,945 |