Simpson College
- Assets
- $180.9m
- Revenue
- $82.6m
- Investments
- $30.2m
- Employees
- 1,036
- Location
- Indianola, IA
- Founding
- 08/1939
- Data as of
- 05/2021
- EIN
- 42-0680389
Organization Overview
Simpson College is located in Indianola, IA. 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 05/2023, Simpson College employed 1,036 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Simpson 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, Simpson College generated $82.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $65.1m during the year ending 05/2021. While expenses have increased by 0.2% 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
A RESIDENTIAL, COEDUCATION, UNDERGRADUATE LIBERAL ARTS COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SIMPSON COLLEGE PROVIDES INSTRUCTION TO APPROXIMATELY 1,200 FULL AND PART-TIME UNDERGRADUATE STUDENTS, WITH MAJOR AREAS OF INSTRUCTION IN BUSINESS, ELEMENTARY EDUCATION, SCIENCES AND THE ARTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marsha Kelliher President | OfficerTrustee | 40 | $375,212 |
John Woell Sr. VP And Academic Dean | Officer | 40 | $154,203 |
Robert J Lane Vp-College Advancement | Officer | 40 | $149,886 |
Deanna Mccormick Vp-Business And Finance | Officer | 40 | $152,817 |
Leigh D Mlodzik Vp-Enrollment | 40 | $135,610 | |
Roger Degerman Vp-Marketing & Strategic Comm | 40 | $130,910 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Operations Llc Food Service | 5/30/23 | $2,696,826 |
Jones Lang Lasalle Americas Inc Campus Services | 5/30/23 | $2,195,087 |
Ssc Service Solutions Campus Services | 5/30/23 | $1,569,906 |
Byrne Jones Construction Construction | 5/30/23 | $1,301,465 |
Sorty Construction Construction Co Construction | 5/30/23 | $1,123,424 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,161,494 |
| Investment income | $1,340,208 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,959 |
| Net Rental Income | $2,480 |
| Net Gain/Loss on Asset Sales | $17,688,483 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $82,646,983 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $27,187,342 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $647,233 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,925,935 |
| Pension plan accruals and contributions | $85,303 |
| Other employee benefits | $3,297,675 |
| Payroll taxes | $1,024,822 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $184,311 |
| Fees for services: Accounting | $96,470 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $77,423 |
| Fees for services: Other | $85,478 |
| Advertising and promotion | $167,757 |
| Office expenses | $715,995 |
| Information technology | $656,668 |
| Royalties | $0 |
| Occupancy | $7,990,980 |
| Travel | $121,282 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,289,554 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,531,474 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $65,066,415 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $541,663 |
| Savings and temporary cash investments | $21,461,924 |
| Pledges and grants receivable | $1,331,102 |
| Accounts receivable, net | $1,324,859 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,232,858 |
| Investments—publicly traded securities | $74,255,837 |
| Investments—other securities | $30,184,024 |
| Investments—program-related | $1,343,580 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $180,912,943 |
| Accounts payable and accrued expenses | $5,312,565 |
| Grants payable | $0 |
| Deferred revenue | $1,224,084 |
| Tax-exempt bond liabilities | $32,180,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,807,137 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,957,565 |
| Total liabilities | $43,481,351 |
| 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 | $137,431,592 |