Civic Intelligence

Hillsdale College

990 • Fiscal year 2018 • EIN 38-1374230

Jul 01, 2017 to Jun 30, 2018 • Filed on May 20, 2019

33 E College StreetHillsdale, MI 49242

(517) 437-7341

Siviq Scores

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

Liabilities / Assets

16th percentile

0.10x

Higher debt load relative to assets than 16% of similar nonprofits.

2018 filings • 501(c)3 • $1B+ nonprofits • Source year 2018

Liabilities / Revenue

34th percentile

0.49x

Higher debt load relative to revenue than 34% of similar nonprofits.

2018 filings • 501(c)3 • $1B+ nonprofits • Source year 2018

Net Margin

86th percentile

31%

Higher net margin than 86% of similar nonprofits.

2018 filings • 501(c)3 • $1B+ nonprofits • Source year 2018

Top Officer Pay

28th percentile

$1,041,778

Higher top officer pay than 28% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

2018 filings • 501(c)3 • $1B+ nonprofits • Source year 2018

Asset Growth

72nd percentile

9.0%

Faster asset growth than 72% of similar nonprofits.

2018 filings • 501(c)3 • $1B+ nonprofits • Annualized from 2017 to 2018

Revenue Growth

11th percentile

-5.1%

Faster revenue growth than 11% of similar nonprofits.

2018 filings • 501(c)3 • $1B+ nonprofits • Annualized from 2017 to 2018

Assets

Up

$1,119,189,218

Up $92,380,411 (+9.0%) from 2017

Net Assets

Up

$1,011,256,162

Up $94,960,506 (+10%) from 2017

Liabilities

Down

$107,933,056

Down $2,580,095 (-2.3%) from 2017

Revenue

Down

$219,356,427

Down $11,709,350 (-5.1%) from 2017

Expenses

Up

$151,999,759

Up $8,507,796 (+5.9%) from 2017

Net Income

Down

$67,356,668

Down $20,217,146 (-23%) from 2017

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

2018

Assets$1,119,189,218
Liabilities$107,933,056
Net Assets$1,011,256,162

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

2018

Revenue$219,356,427
Expenses$151,999,759
Net Income$67,356,668
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 20, 2019
Return Version
2017v2.3
Gross Receipts
$220,233,865
Mission and Program Overview

Mission

Hillsdale college is a private liberal arts college with approximately 1,450 students. Founded in 1844, the college remains, in the words of its articles of association, "grateful to god for the inestimable blessings resulting from the prevalence of civil and religious liberty and intelligent piety" in our nation, and dedicated to "the diffusion of sound learning" that is "essential to the perpetuity of these blessings."

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$340,624,275$338,030,229▼ $2,594,046
Investments Other Securities$280,051,166$293,262,017▲ $13,210,851
Land, Buildings, and Equipment, Net$146,877,230$161,526,418▲ $14,649,188
Pledges and Grants Receivable$93,883,607$131,537,252▲ $37,653,645
Savings and Temporary Cash Investments$48,941,127$54,922,432▲ $5,981,305
Other Notes and Loans Receivable, Net$34,912,812$34,056,133▼ $856,679
Accounts Receivable$300,865$4,455,794▲ $4,154,929
Prepaid Expenses and Deferred Charges$2,177,908$1,931,957▼ $245,951
Inventories for Sale or Use$469,555$384,747▼ $84,808
Cash and Non-Interest-Bearing Accounts$4,763,382$141,606▼ $4,621,776
Total Assets$1,026,808,807$1,119,189,218▲ $92,380,411
Other Assets Total$73,806,880$98,940,633▲ $25,133,753
Liabilities
Other Liabilities$63,654,899$61,133,082▼ $2,521,817
Accounts Payable and Accrued Expenses$22,620,951$23,869,512▲ $1,248,561
Mortgage Notes Payable Secured by Investment Property$14,031,188$13,461,699▼ $569,489
Tax Exempt Bond Liabilities$9,467,392$8,873,231▼ $594,161
Deferred Revenue$738,721$595,532▼ $143,189
Total Liabilities$110,513,151$107,933,056▼ $2,580,095
Net Assets / Fund Balance
Permanently Rstr Net Assets$577,353,910$661,697,716▲ $84,343,806
Temporarily Rstr Net Assets$207,716,070$239,497,780▲ $31,781,710
Unrestricted Net Assets$131,225,676$110,060,666▼ $21,165,010
Total Net Assets Fund Balance$916,295,656$1,011,256,162▲ $94,960,506
Total Liabilities and Net Assets / Fund Balance$1,026,808,807$1,119,189,218▲ $92,380,411

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$109,419,214$62,739,293$172,158,507
Other Land Buildings$36,122,318$14,334,873$50,457,191
Equipment$5,048,796$11,686,339$16,735,135
Land$10,936,090-$10,936,090
Other Assets Org$98,292,849--
Other Securities$59,528,979--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$574,576,618$57,531,204▲ $16,451,718$-37,686,363$668,451,311
2017$482,288,798$33,664,441▲ $29,153,531$-44,991,818$574,576,618
2016$493,509,003$25,622,300▼ $35,723,718$-11,746,426$482,288,798
2015$456,039,624$55,319,036▼ $14,955,673$-10,789,095$493,509,003
2014$391,627,742$47,031,597▲ $60,540,201$10,140,251$456,039,624
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Larry P ArnnPresidentFT$470,793$570,985$1,041,778
John CerviniVP for Inst. AdvancementFT$327,251$127,061$454,312
Matthew SpaldingDn of Educ Programs Kirby CenterFT$249,490$53,261$302,751
Robert NortonVP & General CounselFT$219,646$61,348$280,994
David M WhalenProvostFT$197,177$62,068$259,245
Richard P PeweVP of Admin. Affairs & SecretaryFT$195,127$46,014$241,141
Matthew SchlientzVP for MarketingFT$191,722$44,507$236,229
Douglas JeffreyVP for External AffairsFT$184,400$42,623$227,023
Ronald PestrittoDn Vanandel Grad Sch StatesmanshipFT$160,562$64,079$224,641
Patrick H FlanneryVP for Finance & TreasurerFT$145,693$40,178$185,871

Highest Paid Contractors

ContractorServicesLocationCompensation
Weigand Construction INCConstruction7808 HONEYWELL DR, Ft Wayne, IN 46825$11,968,983
Bon AppetitFood ServicePO BOX 91337, Chicago, IL 60693$6,021,527
Next After LLCConsulting/marketing6175 MAIN ST, Frisco, TX 75034$3,628,505
Cyril Scott CompanyPrinting7810 SOLUTION CENTER, Chicago, IL 60677$2,811,720
Rha MarketingPrinting/mailing114 W 3RD ST, Waynesboro, PA 17268$1,514,863
Revenue and Support

Revenue Composition

Contributions and Grants
$147,294,211
Program Service Revenue
$54,337,372
Investment Income
$15,069,662
Other Revenue
$2,655,182
All Other Contributions
$147,294,211
Change in Net Assets
$67,356,668

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded206$14,413,695High/low Fair Market Value (FMV) Avg
Real Estate Residential5$4,582,000Appraisal
Real Estate Other6$541,925Appraisal
Collectibles1$157,953Appraisal
Works of Art1$96,000Appraisal
Other Non Cash Contri Table1$72,537Fair Market Value (FMV)
Cars and Other Vehicles1$50,420Fair Market Value (FMV)
Total Noncash Contributions221$19,914,530-

Audited Revenue Reconciliation

Revenue per Audited Statements
$191,010,594
Revenue Not Reported on Financial Statements
$28,345,833
Revenue Not Reported on Form 990
$52,313,277
Other Revenue Adjustments
$26,576,015
Total Revenue per Audited Statements
$243,323,871
Total Revenue per Form 990
$219,356,427
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$73,195,987
Salaries, Compensation, and Employee Benefits$51,344,684
Total Fundraising Expense$28,979,751
Grants and Similar Amounts Paid$27,459,088
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$27,386,049$5,607,882$5,126,792$38,120,723
Grants to Domestic Individuals$26,708,766--$26,708,766
Office Expenses$12,921,997$1,098,394$5,568,148$19,588,539
Fees for Services Other$1,249,258$2,206,566$10,464,445$13,920,269
Advertising$5,802,516$165,496$737,387$6,705,399
Depreciation Depletion$5,545,140$569,039$114,246$6,228,425
Other Employee Benefits$4,323,608$656,429$597,263$5,577,300
Conferences and Meetings$2,810,395$126,656$2,505,096$5,442,147
Travel$2,452,235$712,067$1,641,617$4,805,919
Occupancy$2,728,698$1,046,738$63,059$3,838,495
All Other Expenses$2,906,449$73,545$249,194$3,229,188
Pension Plan Contributions$2,176,094$551,310$391,240$3,118,644
Payroll Taxes$1,823,328$441,327$306,761$2,571,416
Information Technology$587,220$1,335,469$163,158$2,085,847
Current Officers, Directors, Trustees, and Key Employees$408,128$829,081$719,392$1,956,601
Fees for Service Investment Mgmnt Fees-$1,756,369-$1,756,369
Fees for Services Legal$2,102$720,836$276,343$999,281
Foreign Grants$708,822--$708,822
Other Expenses$72,345$15,554$12,126$100,025
Interest$78,459--$78,459
Fees for Services Accounting-$72,000-$72,000
Grants to Domestic Orgs$41,500--$41,500
Payment Travel Entrtnmnt Publicly Ofcl$1,939$4,519-$6,458
Royalties-$5,092-$5,092
Total Functional Expenses$105,007,139$18,012,869$28,979,751$151,999,759

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$151,999,759
Total Expenses per Audited Statements$123,670,175
Expenses per Audited Statements$122,872,122
Expenses Not Reported on Financial Statements$29,127,637
Other Expense Adjustments$27,357,819
Expenses Not Reported on Form 990$798,053
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Golden View Classical AcademyGolden, COGovernmental UnitRecognition of Outstanding Public/private School Teacher With His/her School Receiving the Funds$25,000
Livingston Classical Cyber AcademyWhitmore Lake, MIGovernmental UnitAssist the Launch of K-12 Charter Schools$5,000

International Summary

Offices
0
Employees
0
Spending
$78,890,293

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
Yes
Interest in foreign trust
No
Passive foreign investment company interest
Yes
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the CaribbeanInvestmentsInvestments00$77,052,981
Europe (including Iceland and Greenland)Program ServicesSpeaking at Seminars/conferences00$756,366
EuropeScholarshipsN/a00$296,025
North AmericaProgram ServicesChapel Construction00$254,499
Sub-saharan AfricaScholarshipsN/a00$199,019
E Asia & PacificScholarshipsN/a00$62,189
Europe (including Iceland and Greenland)Program ServicesCollege Sponsored Student Trip00$56,925
North AmericaScholarshipsN/a00$56,580
Europe (including Iceland and Greenland)Program ServicesStudent Tuition Study Abroad00$32,194
North AmericaProgram ServicesMedia00$22,000
Middle East & North AfricaScholarshipsN/a00$21,370
East Asia and the PacificProgram ServicesRecruitment00$19,575
North AmericaProgram ServicesStudent Tuition Study Abroad00$18,097
Europe (including Iceland and Greenland)Program ServicesSoftware, Stipends00$14,971
Russia & Neighboring StatesScholarshipsN/a00$13,870
East Asia and the PacificManagementArchitectural Work00$8,239
North AmericaProgram ServicesSpeaking at Seminars/conferences00$1,523
Sub-saharan AfricaProgram ServicesReimbursement00$1,310
South AsiaProgram ServicesSoftware00$1,275
North AmericaManagementLegal Fees00$585
South AmericaProgram ServicesReimbursement00$397
East Asia and the PacificProgram ServicesSpeaking at Seminars/conferences00$303
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Gross Income$160,724
Gaming Direct Expenses$69,825
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No

Reported Spending and Taxes

Line ItemAmount
Political Expenditures$24,712
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Cleves DelpTrusteeTHOMAS DUKE IS 50% OWNER OF WEST STREEL LIVING, LLC. PAYMENTS FOR CONSTRUCTION OF TOWNHOUSES NEAR CAMPUSNo$150,599
-TrusteeInvestment Advisory Services FeesNo$122,839
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Liability on Annuity Contracts & Trusts$61,133,082

Bond Issues

BondIssuerIssuedIssue PricePurpose
AMichigan Finance Authority2014-09-19$10,900,000REFUNDING BONDS

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$10,900,000---

Bond Financing Compliance

Form 8038-T filed
Yes
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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, Part VI, Section A, Line 2

Charles mcintyre, trustee, is father-in-law of john cervini, key employee.

Form 990, Part VI, Section B, Line 11B

The board of trustees of the college voted to not review the 990. The vice president for financial affairs/treasurer, as well as the controller, review the 990 for the college prior to submission.

Form 990, Part VI, Section B, Line 12C

All voting members of the board complete a conflict of interest policy form. Each year, they update the form if there are changes. Those forms are kept by the secretary of the board. If a conflict is determined, it will be brought to the attention of the prudential committee of the board of trustees. Board members who have a conflict of interest will leave the room during discussion of the matter and abstain from voting.

Form 990, Part VI, Section B, Line 15

The compensation of the college's president is determined by the prudential committee of the board of trustees along with recommendation by external consultants and 990 results listed in the chronicle of higher education. The compensation of the other officers of the college as well as key employees are recommended by third party consultants. This process was last completed in fiscal year 2018.

Form 990, Part VI, Section C, Line 19

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

Filing and Contact Details

Filer

Filer Name
Hillsdale College
EIN
38-1374230
Phone
5174377341
Address
33 E COLLEGE STREET, HILLSDALE, MI 49242

Signing Officer

Name
Patrick Flannery
Title
Treasurer
Phone
5174377341
Signed
2019-05-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Larry P Arnn
Formed
1844
Legal Domicile
Mi
Voting Board Members
33
Independent Board Members
30
Employees
1,983
Volunteers
1,446

Preparer

Firm
Plante & Moran Pllc
Address
750 TRADE CENTRE WAY STE 300, PORTAGE, MI 49002
Preparer
Vicki L Vandenberg CPA
Phone
2695674500
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 1

Hillsdale college is an independent institution of higher learning founded in 1844 by men and women "grateful to god for the inestimable blessings" resulting from civil and religious liberty and "believing that the diffusion of learning is essential to the perpetuity of these blessings." it pursues the stated object of the founders: "to furnish all persons who wish, irrespective of nation, color, or sex, a literary scientific, [and] theological education" outstanding among american colleges and to combine with this such moral and social instruction as will best develop the minds and improve the hearts of its pupils." as a nonsectarian christian institution, hillsdale college maintains "by precept and example" the immemorial teachings and practices of the christian faith. The college also considers itself a trustee of our western philosophical and theological inheritance tracing to athens and jerusalem, a heritage finding its clearest expression in the american experiment of self-government under law. By training the young in the liberal arts, hillsdale college prepares students to become leaders worthy of that legacy. By encouraging the scholarship of its faculty, it contributes to the preservation of that legacy for future generations. By publicly defending that legacy, it enlists the aid of other friends of free civilization and thus secures the conditions of its own survival and independence.

FORM 990, PART XI, LINE 9:

Change in split interest agreements -2,813,915.

FORM 990, PART XII, LINE 2C:

There have been no changes from prior year.

Financial Statement Notes

PART III, LINE 4:

Alwin c. Carus coin collection - the carus coin collection consists of a vast array of foreign and domestic currency divided into three smaller displays: an ancient coin collection, an american coinage collection, and a history of money collection that includes early non-metal forms of currency, precious metals, and modern fiat currency. The collection was left to hillsdale college to be used for educational purposes; it is a tool for teaching economics, history, finance, and classics. Portions of the collection are exhibited publicly at hillsdale college events across the country, extending the educational benefits of the collection to a much wider audience that includes business owners, educators, community leaders, and other interested citizens. Special library collections - in addition to the main study and research collections, hillsdale college's mossey library contains a number of rare and special holdings, including the ludwig von mises library and the richardson heritage room early and rare editions. Ludwig von mises, the father of austrian economics, chose hillsdale college to be the recipient of his personal library because of the school's commitment to teach the principles of freedom. This important collection of books, pamphlets, and papers related to free-market economics is housed in the ludwig von mises room in mossey library and is available to the hillsdale faculty and students for research. The richardson heritage room contains a collection of rare- and first-edition books that relate to our country's founding and early american history. Liberty walk - as a symbol of its dedication to liberty, the college began in 2003 to establish the liberty walk, a series of statues throughout the campus that daily remind students, faculty, and visitors of those who labored to defend freedom. To date, the collection includes eight statues: the alpha kappa phi civil war soldiers monument, 1895; george washington, 2003; winston churchill, 2004; margaret thatcher, 2008; thomas jefferson, 2009; abraham lincoln, 2009; ronald reagan, 2011; and frederick douglass, 2017. All statues have been funded through private donations. Pre-columbian art collection - a collection of statues, pottery, jewelry, and carved or woven vessels, these artifacts date from as early as 500 b.c. To as late as 1532 a.d., and originate from various regions of central and south america. Including work from cultures such as the mayans and incas, they represent art in the americas before the introduction of european cultural influence. The artifacts are available for faculty and student use, especially by those studying prehistoric and non-western art. Daniel m. Fisk museum of natural history - established in 1874 by professor daniel moses fisk, the fisk museum of natural history contains thousands of biological, geological, and archaeological specimens. The fisk museum serves as a point of discovery for visitors to the college, instructional material for hillsdale college courses, and research specimens for hillsdale college and the greater scientific community. Two recent additions to the collection include real-bone dinosaur skeletons of an edmontosaurus annectens and a triceratops.

PART V, LINE 4:

As stated previously, hillsdale college is an independent four-year liberal arts institution. Hillsdale does not accept any federal or state monies for the operation of the college. Endowment funds are invested in such a manner as to preserve and protect the college's independence from government funds. Earnings from the endowment are primarily used to provide scholarships to students and to fund the operations of the college.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Change in split interest agreements -2,813,915. Witte foundation consolidated revenue 24,709,439.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Rental expense -18,366. Cgs bookstore -632,553. Cgs press -61,060. Gaming expense -69,825. Tuition and fees 27,357,819.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Rental expense 18,366. Gaming expense 69,825. Cgs bookstore 632,553. Cgs press 61,060. Witte foundation consolidated expenses 16,249.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Tuition and fees 27,357,819.

Raw XML AppendixShowing 400 of 1,689 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0HILLSDALE COLLEGE IS A PRIVATE LIBERAL ARTS COLLEGE WITH APPROXIMATELY 1,450 STUDENTS. FOUNDED IN 1844, THE COLLEGE REMAINS, IN THE WORDS OF ITS ARTICLES OF ASSOCIATION, "GRATEFUL TO GOD FOR THE INESTIMABLE BLESSINGS RESULTING FROM THE PREVALENCE OF CIVIL AND RELIGIOUS LIBERTY AND INTELLIGENT PIETY" IN OUR NATION, AND DEDICATED TO "THE DIFFUSION OF SOUND LEARNING" THAT IS "ESSENTIAL TO THE PERPETUITY OF THESE BLESSINGS."
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IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt033 E COLLEGE STREET
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IRS990/Desc0STUDENT INSTRUCTION - HILLSDALE COLLEGE MAINTAINS ITS DEFENSE OF THE CLASSICAL LIBERAL ARTS CURRICULUM, CONVINCED THAT IT IS THE BEST PREPARATION FOR MEETING THE CHALLENGES OF MODERN LIFE AND THAT IT OFFERS TO ALL PEOPLE OF ALL BACKGROUNDS NOT ONLY AN IMPORTANT BODY OF KNOWLEDGE, BUT ALSO TIMELESS TRUTHS ABOUT THE HUMAN CONDITION. THE LIBERAL ARTS ARE DEDICATED TO STIMULATING STUDENTS' INTELLECTUAL CURIOSITY, TO ENCOURAGING THE CRITICAL, WELL-DISCIPLINED MIND, AND TO FOSTERING PERSONAL GROWTH THROUGH ACADEMIC CHALLENGE. AS SUCH, THE COLLEGE MAINTAINS A RIGOROUS CORE CURRICULUM OF 50 ACADEMIC CREDITS, INCLUDING REQUIRED COURSES IN WESTERN AND AMERICAN HISTORY, THE GREAT BOOKS, THE U.S. CONSTITUTION, LOGIC AND RHETORIC, PHILOSOPHY, THEOLOGY, MATHMATICS, THE ARTS AND SCIENCES, AND MORE. IN ADDITION TO THE CORE CURRICULUM, STUDENTS CHOOSE FROM 31 MAJORS AND SEVEN INTERDISCIPLINARY MAJORS. SEVEN MINORS-ONLY PROGRAMS AND EIGHT PRE-PROFESSIONAL PROGRAMS ARE ALSO OFFERED. THE FOUR-YEAR UNDERGRADUATE COURSE OF STUDY CULMINATES IN A BACHELOR OF ARTS OR BACHELOR OF SCIENCE DEGREE. HILLSDALE COLLEGE IS CONSISTENTLY RANKED HIGH ON LISTS OF BEST LIBERAL ARTS COLLEGES IN THE NATION BY SUCH PUBLICATIONS AS U.S. NEWS AND WORLD REPORT, THE PRINCETON REVIEW, FORBES, AND KIPLINGER'S PERSONAL FINANCE. IN ADDITION TO ITS UNDERGRADUATE PROGRAM OF INSTRUCTION, THE COLLEGE OPERATES THE VAN ANDEL GRADUATE SCHOOL OF STATESMANSHIP ON CAMPUS, OFFERING MASTER'S AND DOCTORAL DEGREES IN POLITICS. THE COLLEGE IS COMMITTED TO THE EXCELLENCE OF ITS STUDENTS IN BOTH INTELLECT AND CHARACTER. THIS COMMITMENT IS REFLECTED IN THE STUDENT HONOR CODE, WHICH READS, "A HILLSDALE COLLEGE STUDENT IS HONORABLE IN CONDUCT, HONEST IN WORD AND DEED, DUTIFUL IN STUDY AND SERVICE, AND RESPECTFUL OF THE RIGHTS OF OTHERS. THROUGH EDUCATION THE STUDENT RISES TO SELF-GOVERNMENT." HILLSDALE BOASTS A STUDENT-FACULTY RATIO OF 10 TO 1. IT HAS 143 FULL-TIME FACULTY, 93% OF WHOM HOLD THE HIGHEST DEGREE IN THEIR DISCIPLINES.
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IRS990/Form990PartVIISectionAGrp/PersonNm38DAVID M WHALEN
IRS990/Form990PartVIISectionAGrp/PersonNm39ROBERT NORTON
IRS990/Form990PartVIISectionAGrp/PersonNm40RONALD PESTRITTO
IRS990/Form990PartVIISectionAGrp/PersonNm41MATTHEW SCHLIENTZ
IRS990/Form990PartVIISectionAGrp/PersonNm42MATTHEW SPALDING
IRS990/Form990PartVIISectionAGrp/PersonNm43DOUGLAS JEFFREY
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt260
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt270
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt280
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt290
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt300
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt310
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt320
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt330
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt34147943
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt35197377

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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
2018Detailed filing. Detailed filing data is available for this year.$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