Civic Intelligence

Hillsdale College

990 • Fiscal year 2011 • EIN 38-1374230

Jul 01, 2010 to Jun 30, 2011 • Filed on Mar 28, 2012

33 E College Street49242
Siviq Scores

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

Liabilities / Assets

23rd percentile

0.17x

Higher debt load relative to assets than 23% of similar nonprofits.

2011 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2011

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2011

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2011

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2011

Asset Growth

47th percentile

6.0%

Faster asset growth than 47% of similar nonprofits.

2011 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2010 to 2011

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Up

$682,351,189

Up $38,901,737 (+6.0%) from 2010

Net Assets

Up

$563,620,587

Up $38,733,371 (+7.4%) from 2010

Liabilities

Up

$118,730,602

Up $168,366 (+0.1%) from 2010

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$90,876,149

Up $6,966,685 (+8.3%) from 2010

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$2.0B$1.5B$1.0B$500M$0Assets 2010: $643,449,452Liabilities 2010: $118,562,236Net Assets 2010: $524,887,2162010Assets 2011: $682,351,189Liabilities 2011: $118,730,602Net Assets 2011: $563,620,5872011Assets 2012: $657,330,082Liabilities 2012: $113,748,165Net Assets 2012: $543,581,9172012Assets 2013: $784,118,011Liabilities 2013: $117,557,260Net Assets 2013: $666,560,7512013Assets 2014: $884,645,715Liabilities 2014: $118,272,614Net Assets 2014: $766,373,1012014Assets 2015: $921,668,538Liabilities 2015: $115,093,187Net Assets 2015: $806,575,3512015Assets 2016: $918,744,676Liabilities 2016: $111,567,236Net Assets 2016: $807,177,4402016Assets 2017: $1,026,808,807Liabilities 2017: $110,513,151Net Assets 2017: $916,295,6562017Assets 2018: $1,119,189,218Liabilities 2018: $107,933,056Net Assets 2018: $1,011,256,1622018Assets 2019: $1,163,398,369Liabilities 2019: $106,730,965Net Assets 2019: $1,056,667,4042019Assets 2020: $1,230,310,896Liabilities 2020: $104,896,361Net Assets 2020: $1,125,414,5352020Assets 2021: $1,709,684,271Liabilities 2021: $297,654,362Net Assets 2021: $1,412,029,9092021Assets 2022: $1,719,356,126Liabilities 2022: $266,121,447Net Assets 2022: $1,453,234,6792022Assets 2023: $1,871,625,743Liabilities 2023: $283,131,874Net Assets 2023: $1,588,493,8692023

Highlighted filing

2011

Assets$682,351,189
Liabilities$118,730,602
Net Assets$563,620,587

Operations Trend

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

$400M$300M$200M$100M$0Expenses 2010: $83,909,4642010Expenses 2011: $90,876,1492011Expenses 2012: $101,783,7402012Revenue 2013: $212,280,691Expenses 2013: $104,546,138Net Income 2013: $107,734,5532013Revenue 2014: $181,165,251Expenses 2014: $118,464,216Net Income 2014: $62,701,0352014Revenue 2015: $200,352,549Expenses 2015: $129,853,793Net Income 2015: $70,498,7562015Revenue 2016: $172,784,501Expenses 2016: $129,460,737Net Income 2016: $43,323,7642016Revenue 2017: $231,065,777Expenses 2017: $143,491,963Net Income 2017: $87,573,8142017Revenue 2018: $219,356,427Expenses 2018: $151,999,759Net Income 2018: $67,356,6682018Revenue 2019: $210,643,421Expenses 2019: $166,228,751Net Income 2019: $44,414,6702019Revenue 2020: $287,422,849Expenses 2020: $172,808,580Net Income 2020: $114,614,2692020Revenue 2021: $367,996,683Expenses 2021: $191,767,397Net Income 2021: $176,229,2862021Revenue 2022: $366,213,645Expenses 2022: $214,265,709Net Income 2022: $151,947,9362022Revenue 2023: $320,784,822Expenses 2023: $248,527,191Net Income 2023: $72,257,6312023

Highlighted filing

2011

Revenue-
Expenses$90,876,149
Net Income-
Jump To
Filing Snapshot
Filing Period
Jul 1, 2010 to Jun 30, 2011
Signed
Mar 28, 2012
Return Version
2010v3.4
Gross Receipts
$98,863,568
Mission and Program Overview

Major Activities

Activity 2
STUDENT SCHOLARSHIPS AND GRANTS - Hillsdale College follows its historic mission to provide "all persons who wish, irrespective of nation, color, or sex, a literary and scientific education.," as it has since it was founded in 1844, independently, without the strings and entanglements that come with government subsidies. It is famous for its refusal to accept federal taxpayer funding, even in the form of federal student aid. In 1984, the Supreme Court handed down a decision in the case of "Grove City v. Bell" that threatened Hillsdale College's independence. The Court ruled that any educational institution with even one student who received federal aid would be considered an "indirect recipient institution" and thereby subject to federal regulations. Hillsdale's Board of Trustees acted swiftly and decisively to uphold the school's longstanding mission. They notified that Department of Education that Hillsdale College would not accept federal tuition assistance for its students, but would replace it with privately funded scholarships and grants. Hillsdale College is unique in this respect among American institutions of higher learning. In the fall of 1985, Hillsdale College's Student Independence Grant and Loan Fund was established. It continues to this day, assisting hundreds of deserving students each year who desire a rigorous classical liberal arts education. The net cost of replacing federal financial aid since 1985 now exceeds $67 million. Nearly $17 million will be awarded in privately funded scholarships and grants during the 2011/2012 academic year; over $6 million of this total is direct replacement of the federal and state grants, scholarships that Hillsdale students would receive at nearly every other college or university in the nation. Approximately 90 percent of Hillsdale students qualify for and receive financial assistance.
Activity 3
STUDENT SERVICES - An integral part of the Hillsdale College experience is our student service area. The first encounter is with our Admissions Office which had a 14% increase in applicants from the previous year and each year the competition for admission to Hillsdale is increasing. As the result Hillsdale is able to be more selective in their aceptance of students. Our fall 2010 freshman class of approximately 411 students joined a current student body representing 36 states and 8 foreign countries. Further, an average ACT composite score of 28.63 and 1970 on the SAT is indicative of the high quality of student Hillsdale is recruiting. Hillsdale is not just about life in the classroom. Because preparation for leadership is one of Hillsdale's primary goals, some of the most important lessons can be learned outside the classroom. Whether it is athletics, student government, volunteer opportunities, Greek life or the fine and performing arts, students are involved in a variety of co-curricular activities. The GOAL (Great Opportunities for Assistance and Leadership) program is Hillsdale's primary volunteer program. Through it our students dedicated over 20,000 hours of service in the local community and surrounding region during the past year. Activities include tutoring, mentoring, basic living assistance and simple companionship. Nearly one-third of Hillsdale's student body is involved in one of our seven national fraternities and sororities. These Greek chapters encourage philanthropic activities, develop leadership skills and provide a special opportunity to form lifelong friendships. Hillsdale's placement record for graduating seniors has averaged 97 percent over the past three years with the most recent class (spring 2010) having a 97% placement rate within six months of graduation and 19% attending graduate or professional school.
Filing and Contact Details

Filer

EIN
38-1374230
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IRS990/Activity2/Description0STUDENT SCHOLARSHIPS AND GRANTS - Hillsdale College follows its historic mission to provide "all persons who wish, irrespective of nation, color, or sex, a literary and scientific education.," as it has since it was founded in 1844, independently, without the strings and entanglements that come with government subsidies. It is famous for its refusal to accept federal taxpayer funding, even in the form of federal student aid. In 1984, the Supreme Court handed down a decision in the case of "Grove City v. Bell" that threatened Hillsdale College's independence. The Court ruled that any educational institution with even one student who received federal aid would be considered an "indirect recipient institution" and thereby subject to federal regulations. Hillsdale's Board of Trustees acted swiftly and decisively to uphold the school's longstanding mission. They notified that Department of Education that Hillsdale College would not accept federal tuition assistance for its students, but would replace it with privately funded scholarships and grants. Hillsdale College is unique in this respect among American institutions of higher learning. In the fall of 1985, Hillsdale College's Student Independence Grant and Loan Fund was established. It continues to this day, assisting hundreds of deserving students each year who desire a rigorous classical liberal arts education. The net cost of replacing federal financial aid since 1985 now exceeds $67 million. Nearly $17 million will be awarded in privately funded scholarships and grants during the 2011/2012 academic year; over $6 million of this total is direct replacement of the federal and state grants, scholarships that Hillsdale students would receive at nearly every other college or university in the nation. Approximately 90 percent of Hillsdale students qualify for and receive financial assistance.
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IRS990/Activity3/Description0STUDENT SERVICES - An integral part of the Hillsdale College experience is our student service area. The first encounter is with our Admissions Office which had a 14% increase in applicants from the previous year and each year the competition for admission to Hillsdale is increasing. As the result Hillsdale is able to be more selective in their aceptance of students. Our fall 2010 freshman class of approximately 411 students joined a current student body representing 36 states and 8 foreign countries. Further, an average ACT composite score of 28.63 and 1970 on the SAT is indicative of the high quality of student Hillsdale is recruiting. Hillsdale is not just about life in the classroom. Because preparation for leadership is one of Hillsdale's primary goals, some of the most important lessons can be learned outside the classroom. Whether it is athletics, student government, volunteer opportunities, Greek life or the fine and performing arts, students are involved in a variety of co-curricular activities. The GOAL (Great Opportunities for Assistance and Leadership) program is Hillsdale's primary volunteer program. Through it our students dedicated over 20,000 hours of service in the local community and surrounding region during the past year. Activities include tutoring, mentoring, basic living assistance and simple companionship. Nearly one-third of Hillsdale's student body is involved in one of our seven national fraternities and sororities. These Greek chapters encourage philanthropic activities, develop leadership skills and provide a special opportunity to form lifelong friendships. Hillsdale's placement record for graduating seniors has averaged 97 percent over the past three years with the most recent class (spring 2010) having a 97% placement rate within six months of graduation and 19% attending graduate or professional school.
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IRS990/Description0STUDENT INSTRUCTION - Hillsdale College boasts a curriculum as extraordinary as its history. At the center of this curriculum is the core - the set of courses that each student takes, and that all students share. The idea behind a core curriculum is that all men and women, in order to be well-rounded individuals and good citizens, should share a certain core knowledge and understanding. Hillsdale's core curriculum contains the essence of the classical liberal arts education. Through it, our students are introduced to the history, the philosophical and theological ideas, the works of literature and the scientific discoveries that set Western Civilization apart. Students of the liberal arts learn to think well, communicate effectively and observe intelligently the workings of the physical world. Behind the idea of the liberal arts is the idea that truth is the basis of knowledge. Knowledge based on truth leads to caring about virtue and caring about virtue allows us to be truly free. The opposite idea - the idea that freedom simply means the ability to follow our appetites and passions - is what the Founders of America condemned as "license." A liberal arts education teaches us to distinguish liberty from license. America's Founders, following the greatest thinkers of our Western heritage, teach us that a people who confuse liberty and license will not be capable of maintaining free government. Thus, liberal arts education is not only essential for us to fulfill our individual potential, but it is also necessary for the preservation of free society. Hillsdale's faculty is the key to its academic excellence. We seek and attract faculty who are devoted, above all, to their students. They are serious about learning. They are dedicated to the search for truth. They are, in the fullest sense of the term, a "teaching" faculty. Hillsdale College offers 26 traditional majors, seven interdisciplinary majors, nine pre-professional programs and a certificate program in journalism. Students at Hillsdale are prepared to become leaders worthy of their heritage. They come to understand what it means to deserve freedom and what it takes to preserve it. They come to appreciate their debt to their forebears for the blessings of liberty that they enjoy, and to recognize their duty to their children to pass those blessings on.
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IRS990/Form990PartVIISectionA/NamePerson17Stephen A Van Andel
IRS990/Form990PartVIISectionA/NamePerson18Thomas N Jordan Jr
IRS990/Form990PartVIISectionA/NamePerson19Thomas T Rogers
IRS990/Form990PartVIISectionA/NamePerson20William E LaMothe
IRS990/Form990PartVIISectionA/NamePerson21William J Brodbeck
IRS990/Form990PartVIISectionA/NamePerson22William S Atherton
IRS990/Form990PartVIISectionA/NamePerson23Donald W Layden
IRS990/Form990PartVIISectionA/NamePerson24Charles J Luellen
IRS990/Form990PartVIISectionA/NamePerson25Jack E Stalsby
IRS990/Form990PartVIISectionA/NamePerson26Stephen S Higley
IRS990/Form990PartVIISectionA/NamePerson27S Gunnar Klarr
IRS990/Form990PartVIISectionA/NamePerson28Kay A Orr
IRS990/Form990PartVIISectionA/NamePerson29Thomas A Duke Jr
IRS990/Form990PartVIISectionA/NamePerson30Cleves R Delp
IRS990/Form990PartVIISectionA/NamePerson31Daniel S Peters
IRS990/Form990PartVIISectionA/NamePerson32Bruce C Sanborn
IRS990/Form990PartVIISectionA/NamePerson33Larry P Arnn
IRS990/Form990PartVIISectionA/NamePerson34H Kenneth Cole
IRS990/Form990PartVIISectionA/NamePerson35Richard P Pewe
IRS990/Form990PartVIISectionA/NamePerson36Patrick H Flannery
IRS990/Form990PartVIISectionA/NamePerson37John Cervini
IRS990/Form990PartVIISectionA/NamePerson38David M Whalen
IRS990/Form990PartVIISectionA/NamePerson39Robert Blackstock
IRS990/Form990PartVIISectionA/NamePerson40Kenneth R Calvert
IRS990/Form990PartVIISectionA/NamePerson41Grigor D Hasted
IRS990/Form990PartVIISectionA/NamePerson42Paul Moreno
IRS990/Form990PartVIISectionA/NamePerson43Ronald Pestritto
IRS990/Form990PartVIISectionA/Officer0X
IRS990/Form990PartVIISectionA/Officer1X
IRS990/Form990PartVIISectionA/Officer2X
IRS990/Form990PartVIISectionA/Officer3X
IRS990/Form990PartVIISectionA/OtherCompensation00
IRS990/Form990PartVIISectionA/OtherCompensation10
IRS990/Form990PartVIISectionA/OtherCompensation20
IRS990/Form990PartVIISectionA/OtherCompensation30
IRS990/Form990PartVIISectionA/OtherCompensation40
IRS990/Form990PartVIISectionA/OtherCompensation50
IRS990/Form990PartVIISectionA/OtherCompensation60
IRS990/Form990PartVIISectionA/OtherCompensation70
IRS990/Form990PartVIISectionA/OtherCompensation80
IRS990/Form990PartVIISectionA/OtherCompensation90
IRS990/Form990PartVIISectionA/OtherCompensation100
IRS990/Form990PartVIISectionA/OtherCompensation110
IRS990/Form990PartVIISectionA/OtherCompensation120
IRS990/Form990PartVIISectionA/OtherCompensation130
IRS990/Form990PartVIISectionA/OtherCompensation140
IRS990/Form990PartVIISectionA/OtherCompensation150
IRS990/Form990PartVIISectionA/OtherCompensation160
IRS990/Form990PartVIISectionA/OtherCompensation170
IRS990/Form990PartVIISectionA/OtherCompensation180
IRS990/Form990PartVIISectionA/OtherCompensation190
IRS990/Form990PartVIISectionA/OtherCompensation200
IRS990/Form990PartVIISectionA/OtherCompensation210
IRS990/Form990PartVIISectionA/OtherCompensation220
IRS990/Form990PartVIISectionA/OtherCompensation230
IRS990/Form990PartVIISectionA/OtherCompensation240
IRS990/Form990PartVIISectionA/OtherCompensation250
IRS990/Form990PartVIISectionA/OtherCompensation260
IRS990/Form990PartVIISectionA/OtherCompensation270
IRS990/Form990PartVIISectionA/OtherCompensation280
IRS990/Form990PartVIISectionA/OtherCompensation290
IRS990/Form990PartVIISectionA/OtherCompensation300
IRS990/Form990PartVIISectionA/OtherCompensation310
IRS990/Form990PartVIISectionA/OtherCompensation320
IRS990/Form990PartVIISectionA/OtherCompensation330
IRS990/Form990PartVIISectionA/OtherCompensation340
IRS990/Form990PartVIISectionA/OtherCompensation350
IRS990/Form990PartVIISectionA/OtherCompensation360
IRS990/Form990PartVIISectionA/OtherCompensation370
IRS990/Form990PartVIISectionA/OtherCompensation380
IRS990/Form990PartVIISectionA/OtherCompensation390
IRS990/Form990PartVIISectionA/OtherCompensation400
IRS990/Form990PartVIISectionA/OtherCompensation410
IRS990/Form990PartVIISectionA/OtherCompensation420
IRS990/Form990PartVIISectionA/OtherCompensation430
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization00
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization10
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization20
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization30
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization40
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization50
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization60
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization70
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization80
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization90
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization100
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization110
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization120
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization130
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization140
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization150
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization160
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization170
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization180
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization190
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization200
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization210
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization220
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization230
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization240
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization250
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization260
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization270
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization280
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization290
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization300
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization310
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization320
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization331916143
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization34149551
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization35123188
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization3697002
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization37243419
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization38126791
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization39194116
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization40136440
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization41132046
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization42130356
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization43129796
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs00
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs10
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs20
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs30
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs40
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs50
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs60
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs70
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs80
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs90
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs100
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs110
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs120
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs130
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs140
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs150
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs160

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,872$283$1,588$321$249$72.3
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,719$266$1,453$366$214$152
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,710$298$1,412$368$192$176
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,230$105$1,125$287$173$115
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,163$107$1,057$211$166$44.4
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,119$108$1,011$219$152$67.4
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,027$111$916$231$143$87.6
2016Detailed filing. Detailed filing data is available for this year.$919$112$807$173$129$43.3
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$922$115$807$200$130$70.5
2014Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$885$118$766$181$118$62.7
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$784$118$667$212$105$108
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$657$114$544$102
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$682$119$564$90.9
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$643$119$525$83.9