Kalamazoo College
- Assets
- $383.1m
- Revenue
- $96.8m
- Investments
- $67.4m
- Employees
- 1,233
- Location
- Kalamazoo, MI
- Founding
- 08/1939
- Data as of
- 06/2020
- EIN
- 38-1358014
Organization Overview
Kalamazoo College is located in Kalamazoo, MI. The organization was established in 1939. 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, Kalamazoo College employed 1,233 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kalamazoo 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 06/2020, Kalamazoo College generated $96.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $106.9m during the year ending 06/2020. While expenses have increased by 2.3% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF KALAMAZOO COLLEGE IS TO PREPARE ITS GRADUATES TO BETTER UNDERSTAND, LIVE SUCCESSFULLY WITHIN, AND PROVIDE ENLIGHTENED LEADERSHIP TO A RICHLY DIVERSE AND INCREASINGLY COMPLEX WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HIGHER EDUCATION: THE MISSION OF KALAMAZOO COLLEGE IS TO PREPARE ITS GRADUATES TO BETTER UNDERSTAND, LIVE SUCCESSFULLY WITHIN, AND PROVIDE ENLIGHTENED LEADERSHIP TO A RICHLY DIVERSE AND INCREASINGLY COMPLEX WORLD. AS A HIGHLY SELECTIVE, NATIONALLY RENOWNED AND INTERNATIONALLY ORIENTED FOUR-YEAR COLLEGE OF ARTS AND SCIENCES, KALAMAZOO COLLEGE HAS DEVELOPED A TRADITION OF EXCELLENCE IN THE FULFILLMENT OF THIS MISSION. COLLEGE ENROLLMENT FOR THE FALL QUARTER OF 2021 WAS 1,395 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jorge G Gonzalez President | OfficerTrustee | 40 | $449,941 |
Karen Isble VP College Advancement | Officer | 40 | $231,846 |
Danette Johnson Provost | Officer | 40 | $188,742 |
Mj Huebner VP Admission And Financial Aid | Officer | 40 | $179,653 |
Lisa Brock Academic Director, Arcus Center | 40 | $166,547 | |
Karen Sisson VP Business And Finance - Part Year | Officer | 40 | $159,523 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Creative Dining Services Campus Food Services | 6/29/22 | $2,260,016 |
Eab Global Inc Student Marketing Consultant | 6/29/22 | $630,877 |
Genemarkers Llc Healthcare Services | 6/29/22 | $433,150 |
Brightview Holdings Inc Landscape Services | 6/29/22 | $498,475 |
R W Lapine Inc Construction Contractor | 6/29/22 | $967,107 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,242,337 |
| Investment income | $1,414,760 |
| Tax Exempt Bond Proceeds | $279,406 |
| Royalties | $0 |
| Net Rental Income | -$17,040 |
| Net Gain/Loss on Asset Sales | $2,298,003 |
| Net Income from Fundraising Events | $9,520 |
| Net Income from Gaming Activities | $78,375 |
| Net Income from Sales of Inventory | $244,016 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $96,754,584 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $45,325,198 |
| Grants and other assistance to Foreign Orgs/Individuals | $4,090,578 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,529,330 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $24,410,489 |
| Pension plan accruals and contributions | $1,778,424 |
| Other employee benefits | $5,534,821 |
| Payroll taxes | $1,667,507 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $261,844 |
| Fees for services: Accounting | $124,968 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $67,780 |
| Fees for services: Investment Management | $524,928 |
| Fees for services: Other | $1,873,144 |
| Advertising and promotion | $102,440 |
| Office expenses | $1,096,936 |
| Information technology | $768,834 |
| Royalties | $0 |
| Occupancy | $1,933,655 |
| Travel | $1,218,686 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $620,087 |
| Interest | $1,770,097 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,290,494 |
| Insurance | $300,833 |
| All other expenses | $0 |
| Total functional expenses | $106,941,639 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $18,752,876 |
| Pledges and grants receivable | $19,654,730 |
| Accounts receivable, net | $1,435,421 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,845,815 |
| Inventories for sale or use | $460,161 |
| Prepaid expenses and deferred charges | $547,177 |
| Investments—publicly traded securities | $184,224,225 |
| Investments—other securities | $67,433,451 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $383,146,506 |
| Accounts payable and accrued expenses | $8,541,138 |
| Grants payable | $0 |
| Deferred revenue | $355,250 |
| Tax-exempt bond liabilities | $42,369,385 |
| 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 | $23,450,168 |
| Total liabilities | $74,715,941 |
| 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 | $308,430,565 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Kalamazoo College has recieved totaling $2,212,848.
| Awarding Organization | Amount |
|---|---|
F W & Elsie L Heyl Science Scholarship Fund Tr Pittsburgh, PA PURPOSE: SCHOLARSHIPS | $2,211,648 |
Myer & Lois Franklin Charitable Tr Jackson, MI PURPOSE: SCHOLARSHIP | $1,000 |
Bell Trust Tecumseh, MI PURPOSE: GENERAL SUPPORT | $200 |
Endowment Analysis
| Beg. Balance | $311,232,478 |
| Earnings | -$52,381,659 |
| Admin Expense | $368,723 |
| Net Contributions | $16,058,531 |
| Other Expense | $9,648,128 |
| Grants | $3,161,669 |
| Ending Balance | $261,730,830 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oberlin College Oberlin, OH | $1,432,118,020 | $305,531,376 |
Denison University Granville, OH | $1,502,847,785 | $275,909,448 |
Indiana Wesleyan University Marion, IN | $535,078,455 | $212,201,058 |
Depauw University Greencastle, IN | $1,044,669,443 | $170,125,801 |
Hillsdale College Hillsdale, MI | $1,230,310,896 | $287,422,849 |
Concordia University Inc Mequon, WI | $163,946,113 | $168,516,078 |
College Of Wooster Wooster, OH | $694,683,910 | $184,916,713 |
Hope College Holland, MI | $493,947,019 | $161,551,169 |
Ohio Northern University Ada, OH | $417,060,447 | $166,164,613 |
The Cedarville University Cedarville, OH | $257,715,774 | $182,725,706 |
Kenyon College Gambier, OH | $1,026,131,356 | $159,022,032 |
Marian University Indianapolis, IN | $323,995,376 | $176,218,802 |