Tabor College Inc
- Assets
- $51.5m
- Revenue
- $34.9m
- Investments
- $13.5m
- Employees
- 514
- Location
- Hillsboro, KS
- Founding
- 05/1957
- Data as of
- 06/2022
- EIN
- 48-0556726
Organization Overview
Tabor College Inc is located in Hillsboro, KS. The organization was established in 1957. 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, Tabor College Inc employed 514 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tabor College Inc 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, Tabor College Inc generated $34.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $30.5m during the year ending 06/2022. While expenses have increased by 4.5% 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
FOUR YEAR CHRISTIAN LIBERAL ARTS COLLEGE THAT PROVIDES EDUCATIONAL AND RELIGIOUS OPPORTUNITIES.
Describe the Organization's Program Activity:
EDUCATION OF APPROXIMATELY 600 STUDENTS STUDYING TO RECEIVE A COLLEGE DEGREE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Koslowsky Chair | OfficerTrustee | 3 | $0 |
Diana Raugust Vice Chair | OfficerTrustee | 3 | $0 |
Theodore Faszer Secretary | OfficerTrustee | 3 | $0 |
Loren Balzer Treasurer | OfficerTrustee | 3 | $0 |
Darrell Driggers Director | Trustee | 1 | $0 |
Roger Ediger Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pioneer Food Services | 6/29/22 | $1,585,043 |
Mbs Book Services | 6/29/22 | $384,779 |
Five Star Mechanical Hvac Equipment & Services | 6/29/22 | $309,568 |
Wdm Architect | 6/29/22 | $200,905 |
Vogts Construction Construction | 6/29/22 | $234,738 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,353,962 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,918,164 |
| Noncash contributions included in lines 1a–1f | $148,087 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,272,126 |
| Total Program Service Revenue | $22,983,997 |
| Investment income | $1,063,613 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $550,875 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $34,891,903 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $12,048,405 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $231,128 |
| Compensation of current officers, directors, key employees. | $33,655 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,877,015 |
| Pension plan accruals and contributions | $240,459 |
| Other employee benefits | $1,300,012 |
| Payroll taxes | $421,668 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $64,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $103,800 |
| Fees for services: Other | $217,435 |
| Advertising and promotion | $58,303 |
| Office expenses | $190,541 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,265,880 |
| Travel | $644,758 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $255,818 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $30,527,162 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $285,620 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,461,647 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $29,132 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $31,153 |
| Net Land, buildings, and equipment | $32,084,770 |
| Investments—publicly traded securities | $2,319,990 |
| Investments—other securities | $13,463,033 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $782,898 |
| Total assets | $51,458,243 |
| Accounts payable and accrued expenses | $650,336 |
| Grants payable | $0 |
| Deferred revenue | $363,158 |
| Tax-exempt bond liabilities | $5,035,323 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,546,138 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $665,984 |
| Total liabilities | $9,260,939 |
| Net assets without donor restrictions | $27,857,308 |
| Net assets with donor restrictions | $14,339,996 |
| 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 | $51,458,243 |