Ripon College Board Of Trustees
- Assets
- $193.7m
- Revenue
- $75.4m
- Investments
- $21.0m
- Employees
- 699
- Location
- Ripon, WI
- Founding
- 08/1942
- Data as of
- 06/2023
- EIN
- 39-0826049
Organization Overview
Ripon College Board Of Trustees is located in Ripon, WI. The organization was established in 1942. 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, Ripon College Board Of Trustees employed 699 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ripon 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 06/2023, Ripon College Board Of Trustees generated $75.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $55.6m during the year ending 06/2023. While expenses have increased by 2.9% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
RIPON COLLEGE PREPARES STUDENTS OF DIVERSE INTERESTS FOR LIVES OF PRODUCTIVE, SOCIALLY RESPONSIBLE CITIZENSHIP. OUR LIBERAL ARTS CURRICULUM AND RESIDENTIAL CAMPUS CREATE AN INTIMATE LEARNING COMMUNITY IN WHICH STUDENTS EXPERIENCE A RICHLY PERSONALIZED EDUCATION.
Describe the Organization's Program Activity:
RIPON COLLEGE, AN ACCREDITED PRIVATE INSTITUTION, PROVIDES A FOUR-YEAR DEGREE PROGRAM IN THE LIBERAL ARTS. THIS EDUCATIONAL PROGRAM BENEFITS MORE THAN 673 FULL TIME EQUIVALENT STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Victoria Folse President (as Of 07/2022) | OfficerTrustee | 40 | $135,142 |
Thomas W Abendroth Trustee/chair | OfficerTrustee | 1 | $0 |
Connie Moser Trustee/vice Chair | OfficerTrustee | 1 | $0 |
Mark Franzen Trustee/secretary | OfficerTrustee | 1 | $0 |
Martin Lindsay Trustee/treasurer | OfficerTrustee | 1 | $0 |
Abbegayle Lane Special Graduate | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sage Dining Services Inc Food Service | 6/29/23 | $2,836,084 |
Jw Industries Llc Construction Company - Stadium Bleachers | 6/29/23 | $945,000 |
Boldt Company Construction Company - Stadium/science C | 6/29/23 | $2,071,326 |
Ruffalo Noel Levitz Llc Education Consulting | 6/29/23 | $471,312 |
R&r Wash Material Construction Materials | 6/29/23 | $319,843 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $19,050 |
| Related organizations | $0 |
| Government grants | $832,458 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,502,123 |
| Noncash contributions included in lines 1a–1f | $3,211,798 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,353,631 |
| Total Program Service Revenue | $41,996,170 |
| Investment income | $1,436,349 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $3,930 |
| Net Rental Income | $162,885 |
| Net Gain/Loss on Asset Sales | $9,968,423 |
| Net Income from Fundraising Events | $3,625 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $75,408,240 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $25,047,642 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $151,448 |
| Compensation of current officers, directors, key employees. | $126,770 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,097,755 |
| Pension plan accruals and contributions | $624,155 |
| Other employee benefits | $1,935,072 |
| Payroll taxes | $786,742 |
| Fees for services: Management | $8,643 |
| Fees for services: Legal | $88,273 |
| Fees for services: Accounting | $75,612 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $75,000 |
| Fees for services: Other | $2,886,697 |
| Advertising and promotion | $171,195 |
| Office expenses | $1,456,082 |
| Information technology | $341,765 |
| Royalties | $0 |
| Occupancy | $1,581,504 |
| Travel | $926,535 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $186,563 |
| Interest | $1,274,289 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,899,361 |
| Insurance | $543,803 |
| All other expenses | $432,242 |
| Total functional expenses | $55,593,486 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,395,041 |
| Savings and temporary cash investments | $18,028,969 |
| Pledges and grants receivable | $11,567,302 |
| Accounts receivable, net | $939,546 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $837,274 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $136,047 |
| Net Land, buildings, and equipment | $50,624,906 |
| Investments—publicly traded securities | $77,259,824 |
| Investments—other securities | $21,039,137 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,911,346 |
| Total assets | $193,739,392 |
| Accounts payable and accrued expenses | $1,417,289 |
| Grants payable | $885,888 |
| Deferred revenue | $78,305 |
| 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 | $34,016,802 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,065,529 |
| Total liabilities | $39,463,813 |
| Net assets without donor restrictions | $26,908,734 |
| Net assets with donor restrictions | $127,366,845 |
| 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 | $193,739,392 |