Edgewood College Inc
- Assets
- $154.9m
- Revenue
- $62.3m
- Investments
- $0.0
- Employees
- 1,093
- Location
- Madison, WI
- Founding
- 03/1946
- Data as of
- 06/2022
- EIN
- 39-0806202
Organization Overview
Edgewood College Inc is located in Madison, WI. The organization was established in 1946. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2022, Edgewood College Inc employed 1,093 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Edgewood 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 06/2022, Edgewood College Inc generated $62.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $59.7m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A QUALITY HIGHER EDUCATION
Describe the Organization's Program Activity:
INSTRUCTION- POST-SECONDARY EDUCATION, WITH PROGRAMS FOR TRADITIONAL UNDERGRADUATES, ACCELERATED PROGRAMS FOR RETURNING ADULTS, GRADUATE PROGRAMS, AND DOCTORAL EDUCATION. FTE ENROLLMENT OF 1629.
AUXILLARY SERVICES- RESIDENCE HALL AND FOOD SERVICE SERVING APPROXIMATELY 480 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Manion President | OfficerTrustee | 50 | $327,312 |
Victoria Palmisano Trustee/faculty | Trustee | 50 | $127,082 |
Nicole Kime Trustee/faculty | Trustee | 50 | $65,879 |
Darrell Behnke Chair | OfficerTrustee | 1 | $0 |
Frank Byrne Secretary | OfficerTrustee | 1 | $0 |
Dave Wittwer Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rippe Keane Marketing Marketing | 6/29/21 | $424,348 |
Michael Best & Friedrich Llp Legal | 6/29/21 | $327,760 |
Ruffalo Noel Levitz Enrollment Management | 6/29/21 | $108,150 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $22,026 |
| Related organizations | $0 |
| Government grants | $4,081,165 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,083,794 |
| Noncash contributions included in lines 1a–1f | $48,124 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,186,985 |
| Total Program Service Revenue | $52,943,576 |
| Investment income | $777,711 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $346,240 |
| Net Gain/Loss on Asset Sales | $1,256,662 |
| Net Income from Fundraising Events | -$3,415 |
| Net Income from Gaming Activities | $4,940 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $62,271,469 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $18,485,720 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,064,385 |
| Compensation of current officers, directors, key employees. | $754,761 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,702,734 |
| Pension plan accruals and contributions | $939,658 |
| Other employee benefits | $3,389,861 |
| Payroll taxes | $1,464,017 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $86,480 |
| Fees for services: Accounting | $79,854 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $129,988 |
| Fees for services: Other | $310,185 |
| Advertising and promotion | $757,519 |
| Office expenses | $493,902 |
| Information technology | $1,879,385 |
| Royalties | $0 |
| Occupancy | $2,597,941 |
| Travel | $218,002 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $314,376 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,663,211 |
| Insurance | $146,310 |
| All other expenses | $1,550,805 |
| Total functional expenses | $59,675,218 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,350 |
| Savings and temporary cash investments | $25,910,894 |
| Pledges and grants receivable | $921,258 |
| Accounts receivable, net | $1,137,964 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $367,665 |
| Inventories for sale or use | $62,298 |
| Prepaid expenses and deferred charges | $2,060,211 |
| Net Land, buildings, and equipment | $51,215,534 |
| Investments—publicly traded securities | $53,842,290 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,420,836 |
| Total assets | $154,943,300 |
| Accounts payable and accrued expenses | $3,288,677 |
| Grants payable | $0 |
| Deferred revenue | $1,178,007 |
| Tax-exempt bond liabilities | $10,590,000 |
| 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 | $1,185,446 |
| Total liabilities | $16,242,130 |
| Net assets without donor restrictions | $100,744,546 |
| Net assets with donor restrictions | $37,956,624 |
| 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 | $154,943,300 |