Whitman College Board Of Trustees
- Assets
- $951.8m
- Revenue
- $156.0m
- Investments
- $413.3m
- Employees
- 1,545
- Location
- Walla Walla, WA
- Founding
- 03/1920
- Data as of
- 06/2022
- EIN
- 91-0567740
Organization Overview
Whitman College Board Of Trustees is located in Walla Walla, WA. The organization was established in 1920. 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, Whitman College Board Of Trustees employed 1,545 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Whitman College Board Of Trustees 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, Whitman College Board Of Trustees generated $156.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $133.8m during the year ending 06/2022. While expenses have increased by 3.0% 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
PROVIDE A RIGOROUS LIBERAL ARTS EDUCATION TO PASSIONATE, ENGAGED STUDENTS FROM DIVERSE BACKGROUNDS.
Describe the Organization's Program Activity:
TO PROVIDE ACADEMIC INSTRUCTION, SUPPORT AND OTHER PROGRAMS TO ALL WHITMAN COLLEGE STUDENTS, INCLUDING 1,482 FULL TIME EQUIVALENT STUDENTS AND 337 GRADUATED STUDENTS.
TO PROVIDE STUDENTS WITH SERVICES INCLUDING FINANCIAL AID ASSISTANCE, COUNSELING, INTERNSHIPS, JOB PLACEMENT, INSTRUCTIONAL SCHOLARSHIPS, AND FEDERAL LOANS OR GRANTS. DURING THE FISCAL YEAR, 1,440 STUDENTS RECEIVED INSTRUCTIONAL SCHOLARSHIPS AND 585 STUDENTS RECEIVED FEDERAL LOANS OR GRANTS.
TO PROVIDE STUDENTS WITH AUXILIARY SERVICES. DURING THE FISCAL YEAR, 758 STUDENTS WERE HOUSED IN COLLEGE-PROVIDED HOUSING AND 823 STUDENTS PARTICIPATED IN COLLEGE-PROVIDED BOARD PLANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Murray President | Officer | 40 | $497,750 |
Peter Harvey Chief Financial Officer | Officer | 40 | $253,349 |
Steven Setchell Vice President For Development & Alumni Relation | Officer | 40 | $251,493 |
Alzada Tipton Provost & Dean Of Faculty | Officer | 40 | $223,092 |
Patrick Keef Faculty | 40 | $179,318 | |
Kaziputalimba Joshua Vice President For Student Affairs/dean Of Student | Officer | 40 | $175,335 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Apollo Mechanical Contractors Construction | 6/29/22 | $492,353 |
Monticello Associates Consulting - Investment Management | 6/29/22 | $250,000 |
Leone Keeble Inc Construction | 6/29/22 | $439,200 |
Moreno Nelson Construction Corp Construction | 6/29/22 | $476,910 |
Bon Appetit Food Services | 6/29/22 | $4,093,799 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,899,566 |
| All other contributions, gifts, grants, and similar amounts not included above | $23,293,333 |
| Noncash contributions included in lines 1a–1f | $14,132,908 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,192,899 |
| Total Program Service Revenue | $97,675,433 |
| Investment income | $14,220,072 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $3,555 |
| Net Rental Income | $1,960,705 |
| Net Gain/Loss on Asset Sales | $16,975,735 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$803 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $156,027,596 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $38,101,174 |
| Grants and other assistance to Foreign Orgs/Individuals | $2,072,989 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,096,070 |
| Compensation of current officers, directors, key employees. | $1,137,960 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $36,476,066 |
| Pension plan accruals and contributions | $5,983,502 |
| Other employee benefits | $3,682,436 |
| Payroll taxes | $2,741,564 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $249,549 |
| Fees for services: Accounting | $126,613 |
| Fees for services: Lobbying | $4,812 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,986,507 |
| Fees for services: Other | $14,676,506 |
| Advertising and promotion | $0 |
| Office expenses | $52,826 |
| Information technology | $1,811,547 |
| Royalties | $0 |
| Occupancy | $2,440,009 |
| Travel | $3,366,974 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,389,739 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,478,023 |
| Insurance | $1,307,105 |
| All other expenses | $0 |
| Total functional expenses | $133,785,938 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,585,673 |
| Savings and temporary cash investments | $60,868,168 |
| Pledges and grants receivable | $17,907,905 |
| Accounts receivable, net | $726,632 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $649,120 |
| Net Land, buildings, and equipment | $165,686,724 |
| Investments—publicly traded securities | $288,232,930 |
| Investments—other securities | $413,312,465 |
| Investments—program-related | $738,496 |
| Intangible assets | $0 |
| Other assets | $1,046,702 |
| Total assets | $951,754,815 |
| Accounts payable and accrued expenses | $9,729,651 |
| Grants payable | $989,264 |
| Deferred revenue | $1,863,212 |
| Tax-exempt bond liabilities | $78,057,872 |
| 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 | $25,100,919 |
| Total liabilities | $115,740,918 |
| Net assets without donor restrictions | $334,352,892 |
| Net assets with donor restrictions | $501,661,005 |
| 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 | $951,754,815 |
Grants Recieved
Over the last fiscal year, we have identified 17 grants that Whitman College Board Of Trustees has recieved totaling $1,539,930.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $540,000 |
The Wilke Family Foundation Wilmington, DE PURPOSE: FUNDING THE WILKE FAMILY COMPUTATIONAL LAB | $333,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $211,650 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $123,255 |
Oregon Community Foundation Portland, OR PURPOSE: Higher Education | $100,000 |
Independent Colleges Of Washington Seattle, WA PURPOSE: SCHOLARSHIP AID | $77,781 |
Endowment Analysis
| Beg. Balance | $812,714,816 |
| Earnings | -$150,533,180 |
| Admin Expense | $1,333,125 |
| Net Contributions | $21,839,774 |
| Other Expense | $17,116,362 |
| Grants | $10,110,816 |
| Ending Balance | $655,461,107 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lewis And Clark College Portland, OR | $616,912,897 | $240,136,903 |
Whitman College Board Of Trustees Walla Walla, WA | $951,754,815 | $156,027,596 |
Reed Institute Portland, OR | $1,033,562,980 | $135,489,826 |
Linfield University Mcminnville, OR | $308,659,467 | $110,269,366 |
The College Of Idaho Inc Caldwell, ID | $172,477,776 | $58,915,354 |
Northwest Nazarene University Inc Nampa, ID | $150,539,904 | $62,049,602 |
Northwest University Kirkland, WA | $66,204,859 | $53,966,388 |
Bastyr University Kenmore, WA | $50,441,675 | $39,114,511 |
Corban University Salem, OR | $26,227,993 | $40,955,830 |
Cornish College Of The Arts Seattle, WA | $87,948,379 | $29,102,387 |
New Saint Andrews College Inc Moscow, ID | $6,400,255 | $5,399,680 |
Boise Bible College Inc Boise, ID | $6,828,761 | $2,750,505 |