St Olaf College

Organization Overview

St Olaf College is located in Northfield, MN. The organization was established in 1934. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 05/2022, St Olaf College employed 3,247 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Olaf 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 05/2021, St Olaf College generated $241.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $215.3m during the year ending 05/2021. While expenses have increased by 2.4% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

ST. OLAF COLLEGE CHALLENGES STUDENTS TO EXCEL IN THE LIBERAL ARTS, EXAMINE FAITH AND VALUES, AND EXPLORE MEANINGFUL VOCATION IN AN INCLUSIVE, GLOBALLY ENGAGED COMMUNITY NOURISHED BY LUTHERAN TRADITION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

POSTSECONDARY EDUCATION - FOUR YEAR, RESIDENTIAL, LIBERAL ARTS EDUCATION. IN THE 2021-2022 ACADEMIC YEAR, ST. OLAF COLLEGE ENROLLED 2,964 FULL TIME STUDENTS AND 24 PART TIME STUDENTS. THE GRADUATING CLASS OF 2022 HAD 709 GRADUATES. A STUDENT TO FACULTY RATIO OF 11.8:1 SUPPORTS ST. OLAF STUDENTS WITH CLASSROOM, LABORATORY, AND OFF-CAMPUS EXPERIENCES. ST. OLAF COLLEGE IS ACCREDITED AS A DEGREE-GRANTING INSTITUITION BY THE HIGHER LEARNING COMMISSION OF THE NORTH CENTRAL ASSOCIATION OF COLLEGES AND SECONDARY SCHOOLS. THE COLLEGE'S ACADEMIC PROGRAMS ARE ALSO ACCREDITED BY THE AMERICAN CHEMICAL SOCIETY, COMMISSION ON COLLEGIATE NURSING EDUCATION, COUNCIL ON SOCIAL WORK EDUCATION, NATIONAL ASSOCIATION OF SCHOOLS OF DANCE, NATIONAL ASSOCIATION OF SCHOOLS OF MUSIC, NATIONAL ASSOCIATION OF SCHOOLS OF THEATRE, AND NATIONAL COUNCIL FOR ACCREDITATION OF TEACHER EDUCATION.


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Board, Officers & Key Employees

Name (title)Compensation
David Anderson
President
$504,434
Marci Sortor
Provost And Dean Of The College
$248,422
Carl Crosby Lehmann
General Counsel
$234,013
Enoch Blazis
VP For Advancement
$223,142
Janet Hanson
VP And CFO
$220,065
Michael Kyle
VP For Enrollment
$215,030

Outside Vendors & Contractors

Vendor Name (Service)Compensation
The Boldt Company
Construction
$21,007,464
Bon Appetit Management Co Inc
Food Service
$7,320,737
Workshop Architects
Architectural Firm
$1,479,293
Dis Study Program (North American Office
Program Fees
$873,525
Harrassowitz North American Library Serv
Library Services
$607,023
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $6,818,613
All other contributions, gifts, grants, and similar amounts not included above$33,808,207
Noncash contributions included in lines 1a–1f $4,364,551
Total Revenue from Contributions, Gifts, Grants & Similar$40,626,820
Total Program Service Revenue$180,600,719
Investment income $11,032,774
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $323,461
Net Gain/Loss on Asset Sales $8,408,440
Net Income from Fundraising Events $2,709
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $240,994,923

Grants Awarded

Over the last fiscal year, St Olaf College has awarded $21,880 in support to 3 organizations.

Grant RecipientAmount

WARTBURG THEOLOGICAL SEMINARY

Org PageRecipient Profile

Dubuque, IA

PURPOSE: GENERAL OPERATING SUPPORT

$11,000

LUTHERAN CAMPUS MINISTRY AT THE UNIVERSITY OF COLORADO

Org PageRecipient Profile

Boulder, CO

PURPOSE: GENERAL OPERATING SUPPORT

$5,800

EXTRAORDINARY LUTHERAN MINISTRIES

Org PageRecipient Profile

Chicago, IL

PURPOSE: GENERAL OPERATING SUPPORT

$5,080
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that St Olaf College has recieved totaling $15,701.

Awarding OrganizationAmount
Ir Tr Ua Dora & Arthur Johnson

Dallas, TX

PURPOSE: UNRESTRICTED GENERAL

$12,201
Everett & Doris Bernardo Family Foundation

Elgin, IL

PURPOSE: COLLEGE EDUCATION

$2,500
Daniel J & Ann L Krumm Charitable Trust

Ames, IA

PURPOSE: GENERAL OPERATING

$1,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$701,716,031
Earnings-$4,737,343
Admin Expense$1,849,080
Net Contributions$18,787,159
Other Expense$9,607,355
Grants$7,633,406
Ending Balance$696,676,006

Peer Organizations

Organization NameAssets
St Olaf College
Northfield, MN
$240,994,923
Carleton College
Northfield, MN
$240,267,870
Trustees Of Grinnell College
Grinnell, IA
$273,975,826
Macalester College
St Paul, MN
$186,131,359
Concordia University Inc
Mequon, WI
$168,516,078
Gustavus Adolphus College
Saint Peter, MN
$183,510,862
Bethel University
St Paul, MN
$136,689,038
Carroll University Inc
Waukesha, WI
$140,965,442
Augsburg University
Minneapolis, MN
$133,913,998
Concordia College Corporation
Moorhead, MN
$127,833,637
Luther College
Decorah, IA
$125,968,312
College Of St Scholastica Inc
Duluth, MN
$117,585,202

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