Columbia College
- Assets
- $256.1m
- Revenue
- $72.0m
- Investments
- $156.7m
- Employees
- 1,796
- Location
- Columbia, MO
- Founding
- 12/1943
- Data as of
- 06/2023
- EIN
- 43-0655867
Organization Overview
Columbia College is located in Columbia, MO. The organization was established in 1943. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2023, Columbia College employed 1,796 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Columbia 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 06/2023, Columbia College generated $72.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $91.3m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
COLUMBIA COLLEGE IMPROVES LIVES BY PROVIDING QUALITY EDUCATION TO BOTH TRADITIONAL AND NONTRADITIONAL STUDENTS, HELPING THEM ACHIEVE THEIR TRUE POTENTIAL.
Describe the Organization's Program Activity:
THE COLLEGE PROVIDED UNDERGRADUATE AND GRADUATE COURSE WORK TO 8,279 STUDENTS DURING THE YEAR THROUGH ONLINE AND IN-SEAT CLASSES OFFERED AT THE MAIN CAMPUS LOCATED IN COLUMBIA, MISSOURI AND THROUGH 35 CAMPUSES LOCATED THROUGHOUT THE UNITED STATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Board Chair | OfficerTrustee | 8 | $0 |
Name Not Listed Treasurer | OfficerTrustee | 8 | $0 |
Name Not Listed Secretary | OfficerTrustee | 8 | $0 |
Name Not Listed Board Vice Chair | OfficerTrustee | 8 | $0 |
Name Not Listed Trustee | Trustee | 2 | $0 |
Name Not Listed Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aladdin Food Management Services Food Service | 6/29/23 | $998,912 |
Husch Blackwell Llp Legal Services | 6/29/23 | $285,809 |
Reinhardt Construction Construction Services | 6/29/23 | $559,319 |
Storbeck Search Llc Executive Search Consultants | 6/29/23 | $167,873 |
Commonfund Investment Advisory | 6/29/23 | $429,345 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $18,340 |
| Related organizations | $0 |
| Government grants | $5,982,475 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,496,493 |
| Noncash contributions included in lines 1a–1f | $2,982 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,497,308 |
| Total Program Service Revenue | $56,636,016 |
| Investment income | $397,914 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$171,716 |
| Net Gain/Loss on Asset Sales | $7,609,400 |
| Net Income from Fundraising Events | -$16,334 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $71,973,293 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $11,370,041 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,371,570 |
| Compensation of current officers, directors, key employees. | $803,747 |
| Compensation to disqualified persons | $91,697 |
| Other salaries and wages | $38,398,164 |
| Pension plan accruals and contributions | $1,195,247 |
| Other employee benefits | $5,819,826 |
| Payroll taxes | $2,924,415 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $111,693 |
| Fees for services: Accounting | $112,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $417,994 |
| Fees for services: Other | $2,254,323 |
| Advertising and promotion | $3,683,884 |
| Office expenses | $394,642 |
| Information technology | $4,492,292 |
| Royalties | $127,951 |
| Occupancy | $3,578,059 |
| Travel | $1,181,262 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $216,478 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,139,811 |
| Insurance | $999,903 |
| All other expenses | $202,785 |
| Total functional expenses | $91,254,247 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,108 |
| Savings and temporary cash investments | $8,503,839 |
| Pledges and grants receivable | $1,465,190 |
| Accounts receivable, net | $1,853,482 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $111,771 |
| Prepaid expenses and deferred charges | $2,366,165 |
| Net Land, buildings, and equipment | $73,644,016 |
| Investments—publicly traded securities | $7,147,574 |
| Investments—other securities | $156,704,036 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,279,619 |
| Total assets | $256,130,800 |
| Accounts payable and accrued expenses | $7,264,309 |
| Grants payable | $0 |
| Deferred revenue | $1,632,037 |
| 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 | $800,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,756,276 |
| Total liabilities | $14,452,622 |
| Net assets without donor restrictions | $213,681,416 |
| Net assets with donor restrictions | $27,996,762 |
| 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 | $256,130,800 |