Civic Intelligence

Defiance College

990 • Fiscal year 2021 • EIN 34-4430762

Jul 01, 2020 to Jun 30, 2021 • Filed on Jan 15, 2022

701 North Clinton StreetDefiance, OH 43512

(419) 783-2317

Siviq Scores

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

Liabilities / Assets

42nd percentile

0.17x

Higher debt load relative to assets than 42% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Liabilities / Revenue

51st percentile

0.36x

Higher debt load relative to revenue than 51% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Net Margin

14th percentile

-5.0%

Higher net margin than 14% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Top Officer Pay

36th percentile

$262,913

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Asset Growth

39th percentile

7.9%

Faster asset growth than 39% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2020 to 2021

Revenue Growth

54th percentile

14%

Faster revenue growth than 54% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2020 to 2021

Assets

Up

$52,329,345

Up $3,831,728 (+7.9%) from 2020

Net Assets

Up

$43,263,438

Up $3,223,103 (+8.0%) from 2020

Liabilities

Up

$9,065,907

Up $608,625 (+7.2%) from 2020

Revenue

Up

$25,128,214

Up $3,095,018 (+14%) from 2020

Expenses

Up

$26,380,748

Up $3,568,247 (+16%) from 2020

Net Income

Down

-$1,252,534

Down $473,229 (-61%) from 2020

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2010: $46,395,238Liabilities 2010: $11,891,181Net Assets 2010: $34,504,0572010Assets 2011: $50,695,386Liabilities 2011: $11,893,825Net Assets 2011: $38,801,5612011Assets 2013: $53,421,625Liabilities 2013: $12,084,189Net Assets 2013: $41,337,4362013Assets 2015: $52,509,412Liabilities 2015: $9,112,095Net Assets 2015: $43,397,3172015Assets 2016: $49,407,095Liabilities 2016: $7,726,315Net Assets 2016: $41,680,7802016Assets 2017: $50,020,660Liabilities 2017: $7,527,879Net Assets 2017: $42,492,7812017Assets 2018: $51,698,383Liabilities 2018: $8,513,680Net Assets 2018: $43,184,7032018Assets 2019: $50,177,038Liabilities 2019: $9,364,737Net Assets 2019: $40,812,3012019Assets 2020: $48,497,617Liabilities 2020: $8,457,282Net Assets 2020: $40,040,3352020Assets 2021: $52,329,345Liabilities 2021: $9,065,907Net Assets 2021: $43,263,4382021Assets 2022: $44,606,912Liabilities 2022: $7,814,205Net Assets 2022: $36,792,7072022

Highlighted filing

2021

Assets$52,329,345
Liabilities$9,065,907
Net Assets$43,263,438

Operations Trend

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

$30M$20M$10M$0-$10MExpenses 2010: $26,696,4892010Expenses 2011: $25,957,6572011Expenses 2013: $27,999,0252013Revenue 2015: $29,265,850Expenses 2015: $29,059,259Net Income 2015: $206,5912015Revenue 2016: $24,960,235Expenses 2016: $26,150,011Net Income 2016: -$1,189,7762016Revenue 2017: $23,135,642Expenses 2017: $23,566,000Net Income 2017: -$430,3582017Revenue 2018: $25,291,854Expenses 2018: $24,235,388Net Income 2018: $1,056,4662018Revenue 2019: $21,561,609Expenses 2019: $23,907,959Net Income 2019: -$2,346,3502019Revenue 2020: $22,033,196Expenses 2020: $22,812,501Net Income 2020: -$779,3052020Revenue 2021: $25,128,214Expenses 2021: $26,380,748Net Income 2021: -$1,252,5342021Revenue 2022: $25,032,999Expenses 2022: $26,913,703Net Income 2022: -$1,880,7042022

Highlighted filing

2021

Revenue$25,128,214
Expenses$26,380,748
Net Income-$1,252,534
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Jan 15, 2022
Return Version
2020v4.1
Gross Receipts
$25,128,214
Mission and Program Overview

Mission

Defiance College graduates students to lead distinctive lives in their chosen professions through a spirit of service by preparing them to Know, To Understand, To Lead, and To Serve.

Defiance College graduates students to lead distictive lives in their chosen professions though a spirit of service by preparing them to know, to understand, to lead, and to serve.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$20,820,049$28,442,861▲ $7,622,812
Land, Buildings, and Equipment, Net$21,459,486$20,224,641▼ $1,234,845
Savings and Temporary Cash Investments$2,070,250$1,899,764▼ $170,486
Pledges and Grants Receivable$838,931$565,082▼ $273,849
Other Notes and Loans Receivable, Net$2,839,910$550,425▼ $2,289,485
Accounts Receivable$228,485$348,679▲ $120,194
Investments Other Securities$153,670$142,405▼ $11,265
Prepaid Expenses and Deferred Charges$66,379$122,939▲ $56,560
Inventories for Sale or Use$17,722$29,814▲ $12,092
Cash and Non-Interest-Bearing Accounts$2,735$2,735→ $0
Total Assets$48,497,617$52,329,345▲ $3,831,728
Liabilities
Unsecured Notes Loans Payable$6,433,232$7,335,962▲ $902,730
Accounts Payable and Accrued Expenses$932,669$957,087▲ $24,418
Other Liabilities$865,440$539,639▼ $325,801
Deferred Revenue$225,941$233,219▲ $7,278
Total Liabilities$8,457,282$9,065,907▲ $608,625
Net Assets / Fund Balance
Net Assets With Donor Restrictions$20,986,119$25,539,876▲ $4,553,757
Net Assets Without Donor Restrictions$19,054,216$17,723,562▼ $1,330,654
Total Net Assets Fund Balance$40,040,335$43,263,438▲ $3,223,103
Total Liabilities and Net Assets / Fund Balance$48,497,617$52,329,345▲ $3,831,728

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$17,914,798$24,790,008-
Land$335,187--
Equipment$1,527,097$6,937,534-
Leasehold Improvements$447,559$1,957,318-
Financial Derivatives$142,405--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$21,198,355$320,905▲ $4,533,613$219,631$24,668,921
2019$21,307,630$401,901▲ $917,050$114,000$21,198,335
2018$21,877,149$274,258▲ $464,381$200,000$21,307,630
2017$20,314,930$1,333,784▲ $1,532,093$206,000$21,877,149
2016$19,318,773$298,147▲ $2,032,161$238,000$20,314,930
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Richanne MankeyPresidentFT$205,712$57,201$262,913
Richanne Mankey EdDPresident-$205,712$57,201$262,913
Agnes CaldwellVP AcademicsFT$154,341$4,813$159,154
Agnes Caldwell PhDVP Academics-$154,341$4,813$159,154
Timothy PruettVP FinanceFT$115,272$16,493$131,765
Revenue and Support

Revenue Composition

Contributions and Grants
$3,182,479
Program Service Revenue
$20,433,218
Investment Income
$1,303,885
Other Revenue
$208,632
All Other Contributions
$2,993,241
Change in Net Assets
$-1,252,534

Audited Revenue Reconciliation

Revenue per Audited Statements
$25,128,214
Revenue Not Reported on Form 990
$4,475,631
Total Revenue per Audited Statements
$29,603,845
Total Revenue per Form 990
$25,128,214
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$10,055,629
Salaries, Compensation, and Employee Benefits$8,431,005
Other Expenses$7,894,114
Total Fundraising Expense$290,875
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$10,055,629--$10,055,629
Other Salaries and Wages$6,014,787$106,554$119,434$6,240,775
Office Expenses$2,645,829$53,894$35,395$2,735,118
Depreciation Depletion$1,480,813$20,575$16,917$1,518,305
Other Employee Benefits$918,098$73,315$25,215$1,016,628
Occupancy$543,925$10,583$11,263$565,771
Other Expenses$479,289$1,115$13,181$479,289
Current Officers, Directors, Trustees, and Key Employees$154,340$270,984$50,000$475,324
Information Technology-$465,475-$465,475
Payroll Taxes$418,385$30,172$10,377$458,934
Pension Plan Contributions$216,147$17,261$5,936$239,344
Interest$209,180--$209,180
Travel$97,914$94,174$3,157$195,245
Insurance$62,160$122,310-$184,470
Advertising-$160,403-$160,403
Fees for Service Investment Mgmnt Fees-$146,061-$146,061
Fees for Services Accounting-$39,489-$39,489
Fees for Services Legal-$6,441-$6,441
Total Functional Expenses$24,471,067$1,618,806$290,875$26,380,748

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$26,380,748
Total Expenses per Audited Statements$26,380,748
Total Expenses per Form 990$26,380,748
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Thomas HubbardBoard MemberOffice SuppliesNo$110,881
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Govt Advance to Student Loan Progra$363,124
Asset Retirment Obligations$168,128
Liability under CRT$8,387
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
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 governing body review Part VI line 11

The board of trustees review the 990 Tax return before the return is filed.

Conflict of interest policy compliance Part VI line 12C

Enforcement of the conficts of interest policy - The chairman of the board of trustees reviews annually all conflict of interest statements. The finance committee and board of trustees review all transactions with any interested parties.

CEO executive director top management comp Part VI line 15A

Compensation process for officers salares of key employees (faculty, staff, officers, president, etc.) are compared to peer institutions (lower Ohio IIB and Peer CUPA). The president approves the salary of vice presidents and all other employees; These are not reviewed by independent persons.

Other officer or key employee compensation Part VI line 15B

Compensation process for officers salares of key employees (faculty, staff, officers, president, etc.) are compared to peer institutions (lower Ohio IIB and Peer CUPA). The president approves the salary of vice presidents and all other employees; These are not reviewed by independent persons.

Governing documents etc available to public Part VI line 19

Governing documents disclosure explanation as private institution, these documents are not required to be disclosed to the public. When requested, the audited statements are shared.

Part VI response or note to any other line in Part VI

Enforcement of the conficts of interest policy - The chairman of the board of trustees reviews annually all conflict of interest statements. The finance committee and board of trustees review all transactions with any interested parties. Compensation process for officers salares of key employees (faculty, staff, officers, president, etc.) are compared to peer institutions (lower Ohio IIB and Peer CUPA). The president approves the salary of vice presidents and all other employees; These are not reviewed by independent persons.

Filing and Contact Details

Filer

Filer Name
Defiance College
EIN
34-4430762
Address
701 North Clinton Street, Defiance, OH 43512

Signing Officer

Name
Richanne Mankey EdD
Title
President
Phone
4197832300
Signed
2022-01-15
Discuss with paid preparer
No

Organization Details

Principal Officer
Richanne Mankey EdD
Formed
1850
Legal Domicile
Oh
Voting Board Members
26
Independent Board Members
26
Employees
423
Volunteers
40

Preparer

Firm
Timothy R Pruett CPA
Address
4408 Karen Drive, Middletown, OH 45042
Preparer
Timothy R Pruett
Phone
5135933325
Supplemental Narrative

Financial Statement Notes

Collections descriptions (Part III, line 4)

It provides a learning experience in the college of arts.

Endowment funds intended uses (Part V, line 4)

Expenses amounts included on the return - other student aid $10.06M.

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IRS990/Desc0Post-Secondary Education: Four year private liberal arts residential college accredited by the Higher Learning Commission of North Central Associations of Colleges and Universities serving approximately 600 students on a 150 acre campus in Northwestern Ohio. Degrees awarded in Associate of Arts, Bachelor of Science, Bachelor of Arts, Masters of Arts in Education, and Masters in Business Administration. The Colleges support are derived from student tuition, fees, grants, private gifts, and auxiliary services.
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