Hesston College
- Assets
- $47.2m
- Revenue
- $22.9m
- Investments
- $22.9k
- Employees
- 397
- Location
- Hesston, KS
- Founding
- 06/1946
- Data as of
- 06/2022
- EIN
- 48-0548361
Organization Overview
Hesston College is located in Hesston, KS. 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, Hesston College employed 397 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hesston 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, Hesston College generated $22.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $17.8m during the year ending 06/2022. While expenses have increased by 0.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPERATE A COLLEGE THAT PROVIDES EDUCATIONAL AND RELIGIOUS OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL SERVICES, ROOM AND BOARD PROVIDED TO APPROXIMATELY 340 STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Manickam President | Officer | 50 | $143,316 |
Lisa George Chief Financial Officer | Officer | 50 | $80,681 |
Anita Stalter Vice Chair | OfficerTrustee | 2 | $0 |
Ken Kabira Chair | OfficerTrustee | 6 | $0 |
Paula Brunk Kuhns Secretary | OfficerTrustee | 2 | $0 |
Steve Ropp Treasurer | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hutton Construction Construction | 6/29/16 | $387,357 |
Preferred Builders Inc Construction | 6/29/16 | $393,168 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,519,250 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,099,731 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,618,981 |
| Total Program Service Revenue | $12,213,355 |
| Investment income | $39,059 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,871,395 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,997,043 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $276,049 |
| Compensation of current officers, directors, key employees. | $276,049 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,343,321 |
| Pension plan accruals and contributions | $242,751 |
| Other employee benefits | $774,643 |
| Payroll taxes | $372,724 |
| Fees for services: Management | $31,670 |
| Fees for services: Legal | $14,185 |
| Fees for services: Accounting | $36,735 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $47,342 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $227,877 |
| Advertising and promotion | $147,191 |
| Office expenses | $525,273 |
| Information technology | $177,059 |
| Royalties | $0 |
| Occupancy | $327,636 |
| Travel | $283,733 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,808 |
| Interest | $56,474 |
| Payments to affiliates | $33,934 |
| Depreciation, depletion, and amortization | $1,092,316 |
| Insurance | $210,940 |
| All other expenses | $0 |
| Total functional expenses | $17,819,862 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,790,260 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $150,187 |
| Accounts receivable, net | $99,705 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $342,914 |
| Inventories for sale or use | $62,986 |
| Prepaid expenses and deferred charges | $133,485 |
| Net Land, buildings, and equipment | $22,637,249 |
| Investments—publicly traded securities | $14,930,538 |
| Investments—other securities | $22,928 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,004,780 |
| Total assets | $47,175,032 |
| Accounts payable and accrued expenses | $422,627 |
| Grants payable | $0 |
| Deferred revenue | $284,634 |
| Tax-exempt bond liabilities | $1,190,619 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $241,895 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $315,257 |
| Total liabilities | $2,455,032 |
| Net assets without donor restrictions | $24,440,355 |
| Net assets with donor restrictions | $20,279,645 |
| 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 | $47,175,032 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Hesston College has recieved totaling $217,811.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $157,400 |
Central Kansas Community Foundation Newton, KS PURPOSE: FIN'L AID & OPERATIONS | $23,470 |
Wichita Community Foundation Wichita, KS PURPOSE: ARBORETUM ENDOWMENT FUND | $13,545 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $8,000 |
Blue Cross And Blue Shield Of Kansas Foundation Inc Topeka, KS PURPOSE: SUPPORT FOR TECHNICAL COLLEGE SCHOLARSHIPS FOR STUDENTS ENROLLED IN HEALTH RELATED DEGREE TRACKS. | $5,000 |
Holmes Foundation Inc Vero Beach, FL PURPOSE: GENERAL | $5,000 |
Endowment Analysis
| Beg. Balance | $17,292,007 |
| Earnings | -$1,897,033 |
| Net Contributions | $796,008 |
| Other Expense | $255,484 |
| Grants | $382,637 |
| Ending Balance | $15,552,861 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hastings College Hastings, NE | $158,855,744 | $47,033,003 |
Newman University Inc Wichita, KS | $79,433,180 | $42,694,112 |
Missouri Valley College Marshall, MO | $51,178,599 | $44,171,288 |
Mcpherson College Mcpherson, KS | $110,145,615 | $65,375,899 |
Southwestern College Winfield, KS | $37,171,313 | $43,054,201 |
Fontbonne University St Louis, MO | $54,325,059 | $38,582,206 |
University Of Saint Mary Leavenworth, KS | $58,659,076 | $37,612,125 |
Culver-Stockton College Canton, MO | $69,827,543 | $36,152,681 |
George Stone Adventist School Lincoln, NE | $65,634,399 | $35,905,654 |
Westminster College Fulton, MO | $90,674,045 | $30,260,128 |
Bethany College Lindsborg, KS | $30,907,955 | $32,360,411 |
Mid-America Christian University Inc Oklahoma City, OK | $46,962,121 | $32,546,102 |