Ranken Technical College
- Assets
- $130.2m
- Revenue
- $47.1m
- Investments
- $0.0
- Employees
- 417
- Location
- St Louis, MO
- Founding
- 02/1935
- Data as of
- 06/2022
- EIN
- 43-0471057
Organization Overview
Ranken Technical College is located in St Louis, MO. The organization was established in 1935. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, under the broad grouping of Education and related organizations. As of 06/2022, Ranken Technical College employed 417 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ranken Technical 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 06/2022, Ranken Technical College generated $47.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $41.3m during the year ending 06/2022. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE THE COMPREHENSIVE EDUCATION AND TRAINING NECESSARY TO PREPARE STUDENTS FOR EMPLOYMENT AND ADVANCEMENT IN A VARIETY OF TECHNICAL FIELDS.
Describe the Organization's Program Activity:
2,000 STUDENTS SERVED IN ASSOCIATED DEGREE PROGRAMS IN THIRTY-SIX TECHNICAL FIELDS AND BACHELOR OF SCIENCE DEGREES IN ARCHITECTURAL TECHNOLOGY STUDIES AND APPLIED MANAGEMENT. 600 STUDENTS SERVED IN CONTINUING EDUCATION PROGRAMS WITH CERTIFICATE GRANTING IN THIRTY SIX AREAS. 1,500 STUDENTS SERVED IN INDUSTRIAL TRAINING PROGRAMS. RANKEN TECHNICAL COLLEGE IS A PRIVATE, NON-PROFIT INSTITUTION OF HIGHER EDUCATION. RICH WITH HISTORY, RANKEN HAS PROVIDED STUDENTS WITH TOP QUALITY EDUCATIONAL PROGRAMS FOR NEARLY 100 YEARS. RANKEN'S STATE-OF-THE-ART EQUIPMENT AND FACILITIES AND CAMPUS ARE CONTINUALLY UPDATED TO PROVIDE STUDENTS EXPOSURE TO CUTTING-EDGE TECHNOLOGY. THROUGH DAY AND CONTINUING EDUCATION PROGRAMS, RANKEN STUDENTS ARE TRAINED TO ENTER OVER 100 PROFESSIONAL FIELDS. EACH PROGRAM FEATURES: - A COMBINATION OF TECHNICAL STUDIES, GENERAL EDUCATION AND PROFESSIONALISM - HANDS-ON EXPERIENCE IN A VARIETY O TECHNICAL FIELDS - INVOLVED AND EXPERIENCED FACULTY - LIFETIME JOB PLACEMENT RANKEN'S GREAT REPUTATION AMONG BUSINESS AND INDUSTRY HELPS STUDENTS FIND JOBS. OUR GRADUATES EACH HAVE EXPOSURE TO AN AVERAGE OF FIVE TO SEVEN JOB OPPORTUNITIES. TO ENSURE THE REAL-WORLD RELEVANCE OF WHAT WE TEACH, TECHNICAL ADVISORY COMMITTEES MADE UP OF INDUSTRY REPRESENTATIVES HELP GUIDE AND SHAP PROGRAM CURRICULUM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stanley H Shoun Retired CEO | Officer | 37.5 | $386,578 |
Peter T Murtaugh VP Of Finance And Admin | Officer | 37.5 | $243,938 |
Donald J Pohl President | Officer | 37.5 | $224,922 |
Crystal Herron VP For Student Success | Officer | 37.5 | $160,285 |
Dan Kania Vice President For Education | Officer | 37.5 | $130,103 |
Christopher Brueggman Construction Division Chair | 35 | $125,522 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Boyer Fire Protection Construction | 6/29/22 | $467,710 |
Upbrand Marketing | 6/29/22 | $707,052 |
Wff Facility Services Custodian | 6/29/22 | $391,407 |
Gardaworld Security | 6/29/22 | $671,304 |
Fresh Ideas Food Service | 6/29/22 | $394,904 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $11,065,757 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,337,979 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,403,736 |
| Total Program Service Revenue | $28,417,542 |
| Investment income | $1,884,479 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $113,374 |
| Net Gain/Loss on Asset Sales | $2,783,761 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $317,927 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $47,100,026 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $7,515,869 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,009,454 |
| Compensation of current officers, directors, key employees. | $131,229 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,342,237 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,477,546 |
| Payroll taxes | $1,078,062 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $37,050 |
| Fees for services: Accounting | $319,004 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,183,191 |
| Advertising and promotion | $835,664 |
| Office expenses | $7,639,676 |
| Information technology | $66,126 |
| Royalties | $0 |
| Occupancy | $1,640,402 |
| Travel | $63,679 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $293,494 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,817,702 |
| Insurance | $474,700 |
| All other expenses | $561,659 |
| Total functional expenses | $41,308,875 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,637,878 |
| Savings and temporary cash investments | $1,660,268 |
| Pledges and grants receivable | $1,228,540 |
| Accounts receivable, net | $1,030,914 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,456,577 |
| Prepaid expenses and deferred charges | $108,610 |
| Net Land, buildings, and equipment | $39,729,434 |
| Investments—publicly traded securities | $72,755,813 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,615,405 |
| Total assets | $130,223,439 |
| Accounts payable and accrued expenses | $3,065,862 |
| Grants payable | $0 |
| Deferred revenue | $2,687,007 |
| Tax-exempt bond liabilities | $9,402,450 |
| 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 | $3,088,304 |
| Total liabilities | $18,243,623 |
| Net assets without donor restrictions | $102,645,843 |
| Net assets with donor restrictions | $9,333,973 |
| 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 | $130,223,439 |
Grants Recieved
Over the last fiscal year, we have identified 23 grants that Ranken Technical College has recieved totaling $2,607,932.
| Awarding Organization | Amount |
|---|---|
Ecmc Foundation Minneapolis, MN PURPOSE: Career Readiness | $694,939 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $600,319 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $600,319 |
Berges Family Foundation Vero Beach, FL PURPOSE: GENERAL SUPPORT | $182,171 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $100,000 |
Dennis M Jones Family Foundation St Louis, MO PURPOSE: CHARITABLE | $100,000 |
Endowment Analysis
| Beg. Balance | $11,238,322 |
| Earnings | -$823,360 |
| Net Contributions | $1,142,254 |
| Other Expense | $2,223,243 |
| Ending Balance | $9,333,973 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ranken Technical College St Louis, MO | $130,223,439 | $47,100,026 |
Midway University Inc Midway, KY | $66,224,424 | $32,615,868 |
Martin Methodist College Pulaski, TN | $36,451,504 | $26,683,667 |
Lincoln University Lincoln, IL | $52,024,030 | $25,875,577 |
Cottey College Nevada, MO | $140,381,856 | $25,014,106 |
St Augustine College Chicago, IL | $15,853,961 | $18,146,895 |
Pierce Mortuary Colleges Inc Broadview, IL | $14,603,316 | $16,634,477 |
Metropolitan Community College Foundation Omaha, NE | $18,326,887 | $11,124,448 |
Bacone Baptist Church Muskogee, OK | $8,262,001 | $7,873,102 |
Tulsa Community College Foundation Tulsa, OK | $22,351,433 | $4,013,088 |
Shorter College North Little Rock, AR | $8,338,765 | $8,311,177 |
Central Community College Foundation Inc Hastings, NE | $18,731,696 | $3,222,811 |