Civic Intelligence

Magdalen College

990 • Fiscal year 2020 • EIN 02-0309681

Jul 01, 2019 to Jun 30, 2020 • Filed on Sep 29, 2020

511 Kearsarge Mountain RoadWarner, NH 03278-9206

(603) 456-2656

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

91st percentile

0.92x

Higher debt load relative to assets than 91% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

87th percentile

1.20x

Higher debt load relative to revenue than 87% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

15th percentile

-22%

Higher net margin than 15% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

85th percentile

$158,628

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 4.4% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

7th percentile

-13%

Faster asset growth than 7% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

39th percentile

-5.2%

Faster revenue growth than 39% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Down

$4,719,351

Down $688,786 (-13%) from 2019

Net Assets

Down

$371,893

Down $828,645 (-69%) from 2019

Liabilities

Up

$4,347,458

Up $139,859 (+3.3%) from 2019

Revenue

Down

$3,632,564

Down $198,356 (-5.2%) from 2019

Expenses

Up

$4,437,684

Up $897,926 (+25%) from 2019

Net Income

Down

-$805,120

Down $1,096,282 (-377%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0-$2.0MAssets 2011: $5,175,599Liabilities 2011: $1,817,294Net Assets 2011: $3,358,3052011Assets 2012: $4,761,370Liabilities 2012: $2,583,885Net Assets 2012: $2,177,4852012Assets 2013: $4,881,072Liabilities 2013: $3,937,962Net Assets 2013: $943,1102013Assets 2014: $4,649,278Liabilities 2014: $4,447,355Net Assets 2014: $201,9232014Assets 2015: $4,490,806Liabilities 2015: $4,576,339Net Assets 2015: -$85,5332015Assets 2016: $4,172,048Liabilities 2016: $4,446,034Net Assets 2016: -$273,9862016Assets 2017: $4,806,800Liabilities 2017: $4,519,857Net Assets 2017: $286,9432017Assets 2018: $5,284,099Liabilities 2018: $4,357,105Net Assets 2018: $926,9942018Assets 2019: $5,408,137Liabilities 2019: $4,207,599Net Assets 2019: $1,200,5382019Assets 2020: $4,719,351Liabilities 2020: $4,347,458Net Assets 2020: $371,8932020Assets 2021: $4,332,325Liabilities 2021: $3,976,133Net Assets 2021: $356,1922021Assets 2022: $4,581,565Liabilities 2022: $3,933,870Net Assets 2022: $647,6952022Assets 2023: $3,658,951Liabilities 2023: $3,774,668Net Assets 2023: -$115,7172023Assets 2024: $91,100Liabilities 2024: $28,969Net Assets 2024: $62,1312024Assets 2025: $10,899Liabilities 2025: $0Net Assets 2025: $10,8992025

Highlighted filing

2020

Assets$4,719,351
Liabilities$4,347,458
Net Assets$371,893

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $2,369,2202011Expenses 2012: $2,594,2422012Revenue 2013: $1,541,471Expenses 2013: $2,742,543Net Income 2013: -$1,201,0722013Revenue 2014: $1,643,913Expenses 2014: $2,364,783Net Income 2014: -$720,8702014Revenue 2015: $2,557,106Expenses 2015: $2,800,088Net Income 2015: -$242,9822015Revenue 2016: $3,274,938Expenses 2016: $3,429,303Net Income 2016: -$154,3652016Revenue 2017: $4,248,259Expenses 2017: $3,669,846Net Income 2017: $578,4132017Revenue 2018: $3,945,076Expenses 2018: $3,311,761Net Income 2018: $633,3152018Revenue 2019: $3,830,920Expenses 2019: $3,539,758Net Income 2019: $291,1622019Revenue 2020: $3,632,564Expenses 2020: $4,437,684Net Income 2020: -$805,1202020Revenue 2021: $3,478,651Expenses 2021: $3,505,934Net Income 2021: -$27,2832021Revenue 2022: $4,198,746Expenses 2022: $3,847,635Net Income 2022: $351,1112022Revenue 2023: $2,671,615Expenses 2023: $3,422,721Net Income 2023: -$751,1062023Revenue 2024: $3,605,649Expenses 2024: $3,427,801Net Income 2024: $177,8482024Revenue 2025: $50,582Expenses 2025: $101,814Net Income 2025: -$51,2322025

Highlighted filing

2020

Revenue$3,632,564
Expenses$4,437,684
Net Income-$805,120
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Sep 29, 2020
Return Version
2019v5.0
Gross Receipts
$3,662,361
Mission and Program Overview

Mission

Organization is a four-year liberal arts college, offering associate of arts and bachelor of arts degrees in liberal studies. Mission is to create and govern a roman catholic institution of higher learning, pursuant to the principles as set forth in the apostolic constitution on catholic universities of pope john paul ii. Its mission is accomplished through an integrated and ordered common life, directed by catholic principles and grounded in the socratic pedagogical method of inquiry.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,904,719$2,734,508▼ $170,211
Investments in Publicly Traded Securities$125,460$729,677▲ $604,217
Pledges and Grants Receivable$473,207$456,450▼ $16,757
Savings and Temporary Cash Investments$521,796$442,048▼ $79,748
Other Notes and Loans Receivable, Net$318,685$288,457▼ $30,228
Loans From Officers Directors$121,100$103,800▼ $17,300
Accounts Receivable$36,447$49,389▲ $12,942
Cash and Non-Interest-Bearing Accounts$1,027,823$18,822▼ $1,009,001
Total Assets$5,408,137$4,719,351▼ $688,786
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,718,085$3,952,112▲ $234,027
Other Liabilities$201,686$163,139▼ $38,547
Deferred Revenue$111,775$81,108▼ $30,667
Accounts Payable and Accrued Expenses$54,953$47,299▼ $7,654
Total Liabilities$4,207,599$4,347,458▲ $139,859
Net Assets / Fund Balance
Net Assets With Donor Restrictions$939,271$1,042,745▲ $103,474
Net Assets Without Donor Restrictions$261,267$-670,852▼ $932,119
Total Net Assets Fund Balance$1,200,538$371,893▼ $828,645
Total Liabilities and Net Assets / Fund Balance$5,408,137$4,719,351▼ $688,786

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,350,391$5,284,728$7,635,119
Equipment$125,642$757,875$883,517
Land$258,475-$258,475

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$6,836---$6,836
2018$6,836---$6,836
2017$6,836---$6,836
2016$6,836---$6,836
2015$6,836---$6,836
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
George a HarnePresidentFT$144,792$13,836$158,628
R Daniel PetersonTreasurer/coFT$92,450-$92,450
Peter SampoPresident Em-$51,000-$51,000

Board Members and Trustees

NameTitle
David CurrierChairman/sec
Bernard TowneTrustee
Katie MeehanTrustee
Victor PrietoTrustee
Eric BuckInterim Pres
Revenue and Support

Revenue Composition

Contributions and Grants
$1,172,308
Program Service Revenue
$2,368,410
Investment Income
$22,967
Other Revenue
$68,879
All Other Contributions
$1,172,308
Change in Net Assets
$-805,120

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,101,201
Revenue Not Reported on Financial Statements
$1,531,363
Revenue Not Reported on Form 990
$-23,525
Other Revenue Adjustments
$1,530,133
Total Revenue per Audited Statements
$2,077,676
Total Revenue per Form 990
$3,632,564
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,626,610
Grants and Similar Amounts Paid$1,582,133
Other Expenses$1,228,941
Total Fundraising Expense$161,222
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$1,582,133--$1,582,133
Other Salaries and Wages$935,656$104,779-$1,040,435
Current Officers, Directors, Trustees, and Key Employees$54,552$241,674-$296,226
Depreciation Depletion$229,171--$229,171
Fees for Services Other$53,315$45,511$89,716$188,542
Other Employee Benefits$169,107$6,719-$175,826
All Other Expenses$66,195$28,377$37,816$132,388
Occupancy$116,132--$116,132
Payroll Taxes$76,999$26,888-$103,887
Insurance-$70,339-$70,339
Interest-$60,923-$60,923
Other Expenses$45,955$13,666$9,254$45,955
Office Expenses$19,327$9,234$12,028$40,589
Advertising$34,070$147$1,720$35,937
Travel$12,676$7,625$10,688$30,989
Fees for Services Accounting-$14,176-$14,176
Pension Plan Contributions$8,886$1,350-$10,236
Fees for Services Legal-$9,369-$9,369
Conferences and Meetings$3,286$325-$3,611
Fees for Service Investment Mgmnt Fees-$1,230-$1,230
Total Functional Expenses$3,634,034$642,428$161,222$4,437,684

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$4,437,684
Expenses per Audited Statements$2,906,321
Total Expenses per Audited Statements$2,906,321
Expenses Not Reported on Financial Statements$1,531,363
Other Expense Adjustments$1,530,133
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$121,100$103,800▼ $17,300
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Pension Annuity Obligation$120,680
Charitable Gift Annuity$42,459
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The return is reviewed and approved by the finance committee and then forwarded to the full board of trustees for final review and approval.

Form 990, Page 6, Part VI, Line 12C

The board reviews conflict of interest compliance at each board meeting

Form 990, Page 6, Part VI, Line 15A

The president and all key employees are members of the faculty and are paid on the faculty salary scale with no adjustments for their position. The faculty scale's are reviewed and approved annually by the board of trustees.

Form 990, Page 6, Part VI, Line 19

The college makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Magdalen College
EIN
02-0309681
Phone
6034562656
Address
511 KEARSARGE MOUNTAIN ROAD, WARNER, NH 03278-9206

Signing Officer

Name
Eric Buck
Title
Interim Pres/trustee
Phone
6034562656
Signed
2020-09-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eric Buck
Formed
1973
Legal Domicile
Nh
Voting Board Members
5
Independent Board Members
4
Employees
50

Preparer

Firm
Hession & Pare Pc
Address
62 STARK STREET, MANCHESTER, NH 03101-1970
Preparer
John a Hession CPA
Phone
6036695477
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Organization is a four-year liberal arts college, offering associate of arts and bachelor of arts degrees in liberal studies. Mission is to create and govern a roman catholic institution of higher learning, pursuant to the principles as set forth in the apostolic constitution on catholic universities of pope john paul ii. Its mission is accomplished through an integrated and ordered common life, directed by catholic principles and grounded in the socratic pedagogical method of inquiry.

Form 990, Part XI, Line 9

Change in pension liability -16,778 change in gift annuity obligations -2,618 scholarships netted against income on financial statement -1,530,133 scholarships netted against income on financial statement 1,530,133 total -19,396

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

These funds will be used to support the college's mission of offering associate and bachelor of arts degrees.

Schedule D, Page 4, Part XI, Line 2D

Change in pension liability -16,778 change in gift annuity obligations -2,618

Schedule D, Page 4, Part XI, Line 4B

Scholarships netted against income on financial statement 1,530,133

Schedule D, Page 4, Part XII, Line 4B

Scholarships netted against income on financial statement 1,530,133

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IRS990/InsuranceGrp/TotalAmt070339
IRS990/InterestGrp/ManagementAndGeneralAmt060923
IRS990/InterestGrp/TotalAmt060923
IRS990/InvestmentIncomeGrp/ExclusionAmt021877
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt021877
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0125460
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0729677
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt06042603
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02904719
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02734508
IRS990/LandBldgEquipCostOrOtherBssAmt08777111
IRS990/LegalDomicileStateCd0NH
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt029797
IRS990/LoanOutstandingInd0true
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt0121100
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt0103800
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0ORGANIZATION IS A FOUR-YEAR LIBERAL ARTS COLLEGE, OFFERING ASSOCIATE OF ARTS AND BACHELOR OF ARTS DEGREES IN LIBERAL STUDIES. MISSION IS TO CREATE AND GOVERN A ROMAN CATHOLIC INSTITUTION OF HIGHER LEARNING, PURSUANT TO THE PRINCIPLES AS SET FORTH IN THE APOSTOLIC CONSTITUTION ON CATHOLIC UNIVERSITIES OF POPE JOHN PAUL II. ITS MISSION IS ACCOMPLISHED THROUGH AN INTEGRATED AND ORDERED COMMON LIFE, DIRECTED BY CATHOLIC PRINCIPLES AND GROUNDED IN THE SOCRATIC PEDAGOGICAL METHOD OF INQUIRY.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt03718085
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt03952112
IRS990/NetAssetsOrFundBalancesBOYAmt01200538
IRS990/NetAssetsOrFundBalancesEOYAmt0371893
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt01090
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt01090
IRS990/NetUnrlzdGainsLossesInvstAmt0-4129
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0261267
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-670852
IRS990/NoncashContributionsAmt09837
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt0116132
IRS990/OccupancyGrp/TotalAmt0116132
IRS990/OfficeExpensesGrp/FundraisingAmt012028
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt09234
IRS990/OfficeExpensesGrp/ProgramServicesAmt019327
IRS990/OfficeExpensesGrp/TotalAmt040589
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt0-19396
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt06719
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0169107
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0175826
IRS990/OtherExpensesGrp/Desc0FOOD SERVICES
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc2PROPERTY AND OTHER TAX
IRS990/OtherExpensesGrp/Desc3REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/FundraisingAmt09254
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt096
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt113666
IRS990/OtherExpensesGrp/ProgramServicesAmt0122020
IRS990/OtherExpensesGrp/ProgramServicesAmt150096
IRS990/OtherExpensesGrp/ProgramServicesAmt254458
IRS990/OtherExpensesGrp/ProgramServicesAmt345955
IRS990/OtherExpensesGrp/TotalAmt0122116
IRS990/OtherExpensesGrp/TotalAmt173016
IRS990/OtherExpensesGrp/TotalAmt254458
IRS990/OtherExpensesGrp/TotalAmt345955
IRS990/OtherLiabilitiesGrp/BOYAmt0201686
IRS990/OtherLiabilitiesGrp/EOYAmt0163139
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt068879
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt068879
IRS990/OtherRevenueTotalAmt068879
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0104779
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0935656
IRS990/OtherSalariesAndWagesGrp/TotalAmt01040435
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0318685
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0288457
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt026888
IRS990/PayrollTaxesGrp/ProgramServicesAmt076999
IRS990/PayrollTaxesGrp/TotalAmt0103887
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01350
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt08886
IRS990/PensionPlanContributionsGrp/TotalAmt010236
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0473207
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0456450
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0ERIC BUCK
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611600
IRS990/ProgramServiceRevenueGrp/Desc0TUITION, ROOM, & BOARD - NET
IRS990/ProgramServiceRevenueGrp/Desc1SUMMER PROGRAM
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02359259
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt19151
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02359259
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt19151
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01544249
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt01263161
IRS990/PYInvestmentIncomeAmt017114
IRS990/PYOtherExpensesAmt01089411
IRS990/PYOtherRevenueAmt081237
IRS990/PYProgramServiceRevenueAmt02188320
IRS990/PYRevenuesLessExpensesAmt0291162
IRS990/PYSalariesCompEmpBnftPaidAmt01187186
IRS990/PYTotalExpensesAmt03539758
IRS990/PYTotalRevenueAmt03830920
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-805120
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt02368410
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0521796
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0442048
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt02350391
IRS990ScheduleD/BuildingsGrp/DepreciationAmt05284728
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07635119
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt06836
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt06836
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt06836
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt06836
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt06836
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt06836
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt06836
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt06836
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt06836
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt06836
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0125642
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0757875
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0883517
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt01531363
IRS990ScheduleD/ExpensesSubtotalAmt02906321
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt01230
IRS990ScheduleD/InvestmentExpensesNotIncldAmt01230
IRS990ScheduleD/LandGrp/BookValueAmt0258475
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0258475
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-4129
IRS990ScheduleD/OtherExpensesNotIncludedAmt01530133
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0120680
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt142459
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PENSION ANNUITY OBLIGATION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CHARITABLE GIFT ANNUITY
IRS990ScheduleD/OtherRevenueAmt0-19396
IRS990ScheduleD/OtherRevenuesNotIncludedAmt01530133
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/RevenueNotReportedAmt0-23525
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt01531363
IRS990ScheduleD/RevenueSubtotalAmt02101201
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THESE FUNDS WILL BE USED TO SUPPORT THE COLLEGE'S MISSION OF OFFERING ASSOCIATE AND BACHELOR OF ARTS DEGREES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1CHANGE IN PENSION LIABILITY -16,778 CHANGE IN GIFT ANNUITY OBLIGATIONS -2,618
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2SCHOLARSHIPS NETTED AGAINST INCOME ON FINANCIAL STATEMENT 1,530,133
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3SCHOLARSHIPS NETTED AGAINST INCOME ON FINANCIAL STATEMENT 1,530,133
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XI, LINE 4B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3SCHEDULE D, PAGE 4, PART XII, LINE 4B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02734508
IRS990ScheduleD/TotalExpensesPerForm990Amt04437684
IRS990ScheduleD/TotalLiabilityAmt0163139
IRS990ScheduleD/TotalRevenuePerForm990Amt03632564
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02077676
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02906321
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0INCLUDED IN COLLEGE CATALOG AND PROMOTIONAL PUBLICATIONS DISTRIBUTED DURING THE YEAR.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt052000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIP
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1CARES ACT STUDENT GRANT
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt01530133
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0TUITION ASST
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt074
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt176
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0SCHOLARSHIPS ARE PROVIDED TO STUDENTS FOR TUITION ASSISTANCE TO ATTEND THE 2019-2020 ACADEMIC SCHOOL YEAR. CARES ACT STUDENT GRANTS ARE PROVIDED TO STUDENTS TO HELP COVER EXPENSES RELATED TO THE DISRUPTION OF STUDIES DUE TO COVID 19.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$0.05$0.10$0.05
2024Detailed filing. Detailed filing data is available for this year.$0.09$0.03$0.06$3.61$3.43$0.18
2023Detailed filing. Detailed filing data is available for this year.$3.66$3.77$0.12$2.67$3.42$0.75
2022Detailed filing. Detailed filing data is available for this year.$4.58$3.93$0.65$4.20$3.85$0.35
2021Detailed filing. Detailed filing data is available for this year.$4.33$3.98$0.36$3.48$3.51$0.03
2020Detailed filing. Detailed filing data is available for this year.$4.72$4.35$0.37$3.63$4.44$0.81
2019Detailed filing. Detailed filing data is available for this year.$5.41$4.21$1.20$3.83$3.54$0.29
2018Detailed filing. Detailed filing data is available for this year.$5.28$4.36$0.93$3.95$3.31$0.63
2017Detailed filing. Detailed filing data is available for this year.$4.81$4.52$0.29$4.25$3.67$0.58
2016Detailed filing. Detailed filing data is available for this year.$4.17$4.45$0.27$3.27$3.43$0.15
2015Summary only. Only limited summary data is available for this year.$4.49$4.58$0.09$2.56$2.80$0.24
2014Detailed filing. Detailed filing data is available for this year.$4.65$4.45$0.20$1.64$2.36$0.72
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.88$3.94$0.94$1.54$2.74$1.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.76$2.58$2.18$2.59
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.18$1.82$3.36$2.37