Presentation College
- Assets
- $36.1m
- Revenue
- $23.6m
- Investments
- $28.1k
- Employees
- 260
- Location
- Aberdeen, SD
- Founding
- 03/1946
- Data as of
- 06/2022
- EIN
- 46-0280847
Organization Overview
Presentation College is located in Aberdeen, SD. The organization was established in 1946. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2022, Presentation College employed 260 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Presentation 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, Presentation College generated $23.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $18.3m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CHALLENGE LEARNERS TOWARD ACADEMIC EXCELLENCE AND THE DEVELOPMENT OF THE WHOLE PERSON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED IN-PERSON AND ONLINE EDUCATIONAL SERVICES IN ABERDEEN SOUTH DAKOTA FOR 379 FULL-TIME UNDERGRADUATE STUDENTS, 177 PART-TIME UNDERGRADUATE STUDENTS AND 24 GRADUATE STUDENTS.
AUXILIARY ENTERPRISES - CAMPUS HOUSING, FOOD SERVICE, AND RECREATIONAL FACILITIES.
FUNDED AND UNFUNDED SCHOLARSHIPS AND GRANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Helms Board Chair | OfficerTrustee | 3 | $0 |
Hal Clemensen Board Vice Chair | OfficerTrustee | 3 | $0 |
Mary Worlie Secetary | OfficerTrustee | 3 | $0 |
Geoff Durst Member | Trustee | 2 | $0 |
Kelli Fischer Member | Trustee | 2 | $0 |
Sr Phyllis Gill Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aramark Chicago Lockbox Dining Services | 6/29/22 | $972,899 |
Collegiate Enterprise Solutions Consulting And Outsourcing | 6/29/22 | $166,561 |
Duenwald Transportation Transportation | 6/29/22 | $150,586 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $208,954 |
| Related organizations | $0 |
| Government grants | $2,000,076 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,064,117 |
| Noncash contributions included in lines 1a–1f | $37,281 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,273,147 |
| Total Program Service Revenue | $13,398,792 |
| Investment income | $386,591 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $18,750 |
| Net Gain/Loss on Asset Sales | $481,313 |
| Net Income from Fundraising Events | $41 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$8,718 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,631,150 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,219,660 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $321,665 |
| Compensation of current officers, directors, key employees. | $321,665 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,249,301 |
| Pension plan accruals and contributions | $46,042 |
| Other employee benefits | $796,976 |
| Payroll taxes | $388,657 |
| Fees for services: Management | $3,494 |
| Fees for services: Legal | $27,336 |
| Fees for services: Accounting | $53,337 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $55,404 |
| Fees for services: Other | $1,334,965 |
| Advertising and promotion | $193,243 |
| Office expenses | $264,113 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $948,109 |
| Travel | $327,079 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $97,683 |
| Interest | $605,587 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,161,792 |
| Insurance | $213,254 |
| All other expenses | $234,547 |
| Total functional expenses | $18,344,864 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,700,126 |
| Pledges and grants receivable | $441,910 |
| Accounts receivable, net | $434,904 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,013 |
| Prepaid expenses and deferred charges | $84,378 |
| Net Land, buildings, and equipment | $17,359,080 |
| Investments—publicly traded securities | $13,692,324 |
| Investments—other securities | $28,143 |
| Investments—program-related | $42,199 |
| Intangible assets | $0 |
| Other assets | $284,604 |
| Total assets | $36,073,681 |
| Accounts payable and accrued expenses | $567,188 |
| Grants payable | $0 |
| Deferred revenue | $612,194 |
| Tax-exempt bond liabilities | $7,369,840 |
| Escrow or custodial account liability | $73,090 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $61,138 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $380,713 |
| Total liabilities | $9,064,163 |
| Net assets without donor restrictions | $11,048,861 |
| Net assets with donor restrictions | $15,960,657 |
| 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 | $36,073,681 |