Kalamazoo College
- Assets
- $451.2m
- Revenue
- $112.6m
- Investments
- $70.9m
- Employees
- 1,233
- Location
- Kalamazoo, MI
- Founding
- 08/1939
- Data as of
- 06/2021
- 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 06/2021, Kalamazoo College generated $112.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $100.3m during the year ending 06/2021. While expenses have increased by 1.1% 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
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 |
S Si Johnson Chair | OfficerTrustee | 2 | $0 |
James A Clayton Vice Chair | OfficerTrustee | 2 | $0 |
Hans P Morefield Treasurer | OfficerTrustee | 2 | $0 |
Amy S Courter Secretary | OfficerTrustee | 2 | $0 |
Hashem Akhavan-Tafti Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Creative Dining Services Campus Food Services | 6/29/22 | $2,260,016 |
R W Lapine Inc Construction Contractor | 6/29/22 | $967,107 |
Eab Global Inc Student Marketing Consultant | 6/29/22 | $630,877 |
Brightview Holdings Inc Landscape Services | 6/29/22 | $498,475 |
Genemarkers Llc Healthcare Services | 6/29/22 | $433,150 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,272,592 |
| Investment income | $3,010,316 |
| Tax Exempt Bond Proceeds | $12,403 |
| Royalties | $0 |
| Net Rental Income | $2,331 |
| Net Gain/Loss on Asset Sales | $14,264,134 |
| Net Income from Fundraising Events | -$9 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $171,434 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $112,551,659 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $49,503,162 |
| Grants and other assistance to Foreign Orgs/Individuals | $2,783,793 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,396,546 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $23,485,343 |
| Pension plan accruals and contributions | $39 |
| Other employee benefits | $5,956,898 |
| Payroll taxes | $1,652,240 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $122,187 |
| Fees for services: Accounting | $123,981 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $55,954 |
| Fees for services: Investment Management | $493,580 |
| Fees for services: Other | $2,085,037 |
| Advertising and promotion | $129,591 |
| Office expenses | $1,051,248 |
| Information technology | $818,812 |
| Royalties | $0 |
| Occupancy | $1,875,671 |
| Travel | $140,363 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $256,589 |
| Interest | $1,188,295 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,295,701 |
| Insurance | $309,675 |
| All other expenses | $0 |
| Total functional expenses | $100,250,670 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,505,440 |
| Pledges and grants receivable | $19,996,119 |
| Accounts receivable, net | $3,060,925 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,813,490 |
| Inventories for sale or use | $486,729 |
| Prepaid expenses and deferred charges | $1,163,892 |
| Investments—publicly traded securities | $248,877,680 |
| Investments—other securities | $70,935,245 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $451,245,580 |
| Accounts payable and accrued expenses | $8,721,012 |
| Grants payable | $0 |
| Deferred revenue | $557,059 |
| Tax-exempt bond liabilities | $41,628,157 |
| 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 | $21,716,404 |
| Total liabilities | $72,622,632 |
| 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 | $378,622,948 |