Menlo College
- Assets
- $48.2m
- Revenue
- $52.0m
- Investments
- $7.8m
- Employees
- 380
- Location
- Atherton, CA
- Founding
- 10/1994
- Data as of
- 06/2021
- EIN
- 94-3204136
Organization Overview
Menlo College is located in Atherton, CA. The organization was established in 1994. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Menlo College employed 380 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Menlo 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 06/2021, Menlo College generated $52.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $44.8m during the year ending 06/2021. While expenses have increased by 2.0% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP FUTURE LEADERS THROUGH A LIBERAL ARTS-BASED BUSINESS EDUCATION THAT INTEGRATES ACADEMIC STUDY AND FIELDWORK IN A SILICON VALLEY ENVIRONMENT UNMATCHED IN ITS POTENTIAL FOR INNOVATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COLLEGE PROVIDES INSTRUCTION TO APPROXIMATELY 813 FULL-TIME STUDENTS IN FOUR-YEAR UNDERGRADUATE MANAGEMENT AND PSYCHOLOGY PROGRAMS. EXPENDITURES INCLUDE RESIDENCE HALLS, DINING, STUDENT UNION, AND HEALTH SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Weiner President | Officer | 40 | $452,106 |
Grande Lum Provost | Officer | 40 | $222,647 |
Keith Spataro VP For Athletics & Enroll. | 40 | $169,897 | |
Angela Schmiede VP For Student Success | 40 | $159,708 | |
Janis Zaima Professor | 40 | $152,144 | |
Dima Leshchinskii Professor | 40 | $143,217 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Allied Universal Security Services Security Services | 6/29/21 | $268,925 |
Vance Brown Inc Construction | 6/29/21 | $8,424,013 |
Genesis Building Services Janitorial Services | 6/29/21 | $493,442 |
Sodexo Inc & Affiliates Dining Hall Meals | 6/29/21 | $2,641,311 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,495,007 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,591,760 |
| Noncash contributions included in lines 1a–1f | $92,435 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,086,767 |
| Total Program Service Revenue | $39,843,408 |
| Investment income | $470,274 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $603,909 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $52,004,358 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $21,656,856 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $671,010 |
| Compensation of current officers, directors, key employees. | $361,991 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,425,471 |
| Pension plan accruals and contributions | $60,924 |
| Other employee benefits | $1,412,016 |
| Payroll taxes | $771,451 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $39,214 |
| Fees for services: Accounting | $91,338 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $117,249 |
| Fees for services: Other | $1,399,934 |
| Advertising and promotion | $188,138 |
| Office expenses | $134,270 |
| Information technology | $869,466 |
| Royalties | $0 |
| Occupancy | $1,628,412 |
| Travel | $163,022 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,592 |
| Interest | $26,994 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,472,161 |
| Insurance | $617,069 |
| All other expenses | $96,258 |
| Total functional expenses | $44,844,700 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,031,924 |
| Savings and temporary cash investments | $4,145,747 |
| Pledges and grants receivable | $306,650 |
| Accounts receivable, net | $1,744,777 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $13,677 |
| Prepaid expenses and deferred charges | $334,334 |
| Net Land, buildings, and equipment | $13,604,643 |
| Investments—publicly traded securities | $19,287,853 |
| Investments—other securities | $7,766,038 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $48,235,643 |
| Accounts payable and accrued expenses | $2,593,138 |
| Grants payable | $0 |
| Deferred revenue | $2,368,544 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $136,130 |
| Total liabilities | $5,097,812 |
| Net assets without donor restrictions | $20,776,070 |
| Net assets with donor restrictions | $22,361,761 |
| 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 | $48,235,643 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Menlo College has recieved totaling $9,062,384.
| Awarding Organization | Amount |
|---|---|
Arrillaga Foundation Palo Alto, CA PURPOSE: DORMITORY CONSTRUCTION PROJECT | $9,000,000 |
John Pritzker Family Fund Redwood City, CA PURPOSE: DISCRETION OF PRESIDENT WEINER | $25,000 |
Leonard R Frankel Family Foundation Houston, TX PURPOSE: ANNUAL FUND | $10,000 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Education | $6,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,308 |
William & Marian Ghidotti Foundation Milwaukee, WI PURPOSE: SCHOLARSHIP | $5,000 |
Endowment Analysis
| Beg. Balance | $11,082,385 |
| Earnings | $4,425,107 |
| Net Contributions | $214,400 |
| Other Expense | $293,000 |
| Ending Balance | $15,428,892 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Linfield University Mcminnville, OR | $308,659,467 | $110,269,366 |
Westmont College Santa Barbara, CA | $328,569,320 | $121,110,665 |
Scripps College Claremont, CA | $617,457,507 | $98,616,217 |
California College Of The Arts San Francisco, CA | $203,468,162 | $107,701,190 |
Vanguard University Of So Ca Costa Mesa, CA | $81,753,319 | $83,351,301 |
Harvey Mudd College Claremont, CA | $659,151,438 | $77,731,780 |
The Masters University And Seminary Santa Clarita, CA | $147,412,644 | $80,766,902 |
William Jessup University Rocklin, CA | $119,510,265 | $60,123,299 |
Pitzer College Claremont, CA | $349,158,922 | $62,327,201 |
Pacific Union College Angwin, CA | $98,736,096 | $48,958,321 |
Menlo College Atherton, CA | $48,235,643 | $52,004,358 |
Corban University Salem, OR | $26,227,993 | $40,955,830 |