Civic Intelligence

Central College

990 • Fiscal year 2020 • EIN 42-0680344

Jul 01, 2019 to Jun 30, 2020 • Filed on Mar 25, 2021

812 University StreetPella, IA 50219

(641) 628-5161

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.44x

Higher debt load relative to assets than 62% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2020

Liabilities / Revenue

74th percentile

1.21x

Higher debt load relative to revenue than 74% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2020

Net Margin

17th percentile

-8.5%

Higher net margin than 17% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2020

Top Officer Pay

29th percentile

$314,183

Higher top officer pay than 29% of similar nonprofits.

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

2020 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2020

Asset Growth

18th percentile

-1.9%

Faster asset growth than 18% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2019 to 2020

Revenue Growth

28th percentile

-5.7%

Faster revenue growth than 28% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2019 to 2020

Assets

Down

$182,044,293

Down $3,484,407 (-1.9%) from 2019

Net Assets

Down

$102,739,650

Down $7,181,162 (-6.5%) from 2019

Liabilities

Up

$79,304,643

Up $3,696,755 (+4.9%) from 2019

Revenue

Down

$65,374,610

Down $3,973,653 (-5.7%) from 2019

Expenses

Up

$70,929,384

Up $1,153,039 (+1.7%) from 2019

Net Income

Down

-$5,554,774

Down $5,126,692 (-1198%) from 2019

Historical Trend

Balance Sheet Trend

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

$200M$150M$100M$50M$0Assets 2010: $178,102,693Liabilities 2010: $71,538,045Net Assets 2010: $106,564,6482010Assets 2011: $186,036,464Liabilities 2011: $69,388,855Net Assets 2011: $116,647,6092011Assets 2012: $180,403,041Liabilities 2012: $71,858,877Net Assets 2012: $108,544,1642012Assets 2013: $182,622,011Liabilities 2013: $68,446,184Net Assets 2013: $114,175,8272013Assets 2014: $191,727,699Liabilities 2014: $66,905,158Net Assets 2014: $124,822,5412014Assets 2015: $194,072,252Liabilities 2015: $66,794,554Net Assets 2015: $127,277,6982015Assets 2016: $186,452,005Liabilities 2016: $65,982,590Net Assets 2016: $120,469,4152016Assets 2017: $186,156,341Liabilities 2017: $72,955,610Net Assets 2017: $113,200,7312017Assets 2018: $187,395,705Liabilities 2018: $74,426,724Net Assets 2018: $112,968,9812018Assets 2019: $185,528,700Liabilities 2019: $75,607,888Net Assets 2019: $109,920,8122019Assets 2020: $182,044,293Liabilities 2020: $79,304,643Net Assets 2020: $102,739,6502020Assets 2021: $195,820,230Liabilities 2021: $73,945,740Net Assets 2021: $121,874,4902021Assets 2022: $187,622,625Liabilities 2022: $72,858,136Net Assets 2022: $114,764,4892022Assets 2023: $178,143,243Liabilities 2023: $71,392,576Net Assets 2023: $106,750,6672023Assets 2024: $176,265,625Liabilities 2024: $70,245,551Net Assets 2024: $106,020,0742024

Highlighted filing

2020

Assets$182,044,293
Liabilities$79,304,643
Net Assets$102,739,650

Operations Trend

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

$100M$50M$0-$50MExpenses 2010: $43,599,7972010Expenses 2011: $46,197,7562011Expenses 2012: $47,702,5562012Revenue 2013: $70,082,713Expenses 2013: $66,772,548Net Income 2013: $3,310,1652013Revenue 2014: $69,208,345Expenses 2014: $65,451,469Net Income 2014: $3,756,8762014Revenue 2015: $74,977,626Expenses 2015: $69,797,022Net Income 2015: $5,180,6042015Revenue 2016: $69,812,868Expenses 2016: $68,786,220Net Income 2016: $1,026,6482016Revenue 2017: $65,577,407Expenses 2017: $69,569,852Net Income 2017: -$3,992,4452017Revenue 2018: $67,571,678Expenses 2018: $71,278,026Net Income 2018: -$3,706,3482018Revenue 2019: $69,348,263Expenses 2019: $69,776,345Net Income 2019: -$428,0822019Revenue 2020: $65,374,610Expenses 2020: $70,929,384Net Income 2020: -$5,554,7742020Revenue 2021: $52,413,154Expenses 2021: $50,392,592Net Income 2021: $2,020,5622021Revenue 2022: $50,607,367Expenses 2022: $51,154,042Net Income 2022: -$546,6752022Revenue 2023: $50,261,534Expenses 2023: $54,375,050Net Income 2023: -$4,113,5162023Revenue 2024: $51,726,412Expenses 2024: $53,858,135Net Income 2024: -$2,131,7232024

Highlighted filing

2020

Revenue$65,374,610
Expenses$70,929,384
Net Income-$5,554,774
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Mar 25, 2021
Return Version
2019v5.0
Gross Receipts
$65,417,510
Mission and Program Overview

Mission

Central college is a residential liberal arts college dedicated to helping students discover and develop their greatest potential. Guided by its ecumenical christian tradition, the college community engages in vigorous, open inquiry in pursuit of academic excellence. The college nurtures the development of the mind, while fostering spiritual and emotional maturity and physical well-being. Central integrates career preparation with the development of values essential to responsible citizenship, empowering graduates for effective service in local, national, and international communities.

Central college is a private liberal arts institution dedicated to the four year undergraduate experience.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$91,501,908$91,343,930▼ $157,978
Investments in Publicly Traded Securities$42,169,603$41,814,856▼ $354,747
Investments Other Securities$38,407,788$36,827,046▼ $1,580,742
Savings and Temporary Cash Investments$3,565,265$3,310,908▼ $254,357
Other Notes and Loans Receivable, Net$3,491,242$3,124,695▼ $366,547
Pledges and Grants Receivable$3,295,322$2,812,985▼ $482,337
Cash and Non-Interest-Bearing Accounts$1,136,271$978,923▼ $157,348
Accounts Receivable$1,081,589$892,639▼ $188,950
Inventories for Sale or Use$264,332$287,775▲ $23,443
Prepaid Expenses and Deferred Charges$247,791$282,947▲ $35,156
Total Assets$185,528,700$182,044,293▼ $3,484,407
Other Assets Total$367,589$367,589→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$68,307,372$66,443,819▼ $1,863,553
Other Liabilities$2,926,811$7,634,538▲ $4,707,727
Accounts Payable and Accrued Expenses$3,927,849$3,933,628▲ $5,779
Deferred Revenue$445,856$1,292,658▲ $846,802
Total Liabilities$75,607,888$79,304,643▲ $3,696,755
Net Assets / Fund Balance
Net Assets With Donor Restrictions$61,151,250$63,417,641▲ $2,266,391
Net Assets Without Donor Restrictions$48,769,562$39,322,009▼ $9,447,553
Total Net Assets Fund Balance$109,920,812$102,739,650▼ $7,181,162
Total Liabilities and Net Assets / Fund Balance$185,528,700$182,044,293▼ $3,484,407

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$80,771,820$64,480,577$145,252,397
Equipment$620,922$24,285,463$24,906,385
Land$6,842,946-$6,842,946
Other Land Buildings$3,108,242-$3,108,242
Other Securities$168--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$79,746,593$1,313,919▲ $1,955,945$1,671,767$79,516,457
2018$81,011,252$1,363,649▲ $5,371,692$4,673,131$79,746,593
2017$76,453,480$1,012,032▲ $7,045,740$1,950,534$81,011,252
2016$71,347,418$858,114▲ $7,772,472$1,996,589$76,453,480
2015$78,540,803$906,269▼ $2,441,490$4,140,306$71,347,418
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mark Putnam - PresidentPresidentFT$260,162$54,021$314,183
Mary StreyVP AcademicsFT$191,300$41,227$232,527
Thomas JohnsonVP Finance &FT$186,074$39,530$225,604
Thomas JohnsonVP Finance & Treas-$166,533$59,071$225,604
Carol WilliamsonVP EnrollmenFT$155,258$36,387$191,645
Carol WilliamsonVP Enrollment-$154,802$36,843$191,645
Jeff McmartinCoachFT$107,103$29,843$136,946
Eric Van KleyAd & CoachFT$100,103$27,852$127,955
Robert FranksProfessorFT$111,559$11,059$122,618
Jeff SangerAsst. TreasuFT$35,867$5,644$41,511
Sheryl KamerickAsst. TreasuFT$35,741$4,007$39,748

Highest Paid Contractors

ContractorServicesLocationCompensation
WeitzContractor5901 THORNTON AVE, Des Moines, IA 50321$2,127,486
Lmc Insurance & Risk ManagementInsurance4200 UNIVERSITY STE 200, West Des Moines, IA 50266$324,883
United Wisconsin InsuranceInsurance15200 W SMALL RD, New Berlin, WI 53751-7937$317,648
Ellucian INCSoftware62578 COLLECTIONS CENTER, Chicago, IL 60693$290,205
Johnson Controls INCContractorPO BOX 730068, Dallas, TX 75373$234,749
Revenue and Support

Revenue Composition

Contributions and Grants
$5,264,182
Program Service Revenue
$55,292,319
Investment Income
$4,742,939
Other Revenue
$75,170
All Other Contributions
$5,264,182
Change in Net Assets
$-5,554,774

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 Amount
Securities Publicly Traded27$317,693
Other Non Cash Contri Table2$552
Total Noncash Contributions29$318,245

Audited Revenue Reconciliation

Revenue per Audited Statements
$38,889,473
Revenue Not Reported on Financial Statements
$26,485,137
Revenue Not Reported on Form 990
$-1,583,489
Other Revenue Adjustments
$26,485,137
Total Revenue per Audited Statements
$37,305,984
Total Revenue per Form 990
$65,374,610
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$26,485,137
Salaries, Compensation, and Employee Benefits$23,613,060
Other Expenses$20,831,187
Total Fundraising Expense$3,127,440
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$26,485,137--$26,485,137
Other Salaries and Wages$14,321,530$1,321,685$1,432,424$17,075,639
Depreciation Depletion$3,818,320$71,489$23,853$3,913,662
Other Employee Benefits$1,995,761$178,867$156,036$2,330,664
Office Expenses$1,527,770$174,967$274,502$1,977,239
Interest$1,842,150$4,405$1,147$1,847,702
Current Officers, Directors, Trustees, and Key Employees$853,639$653,818$170,419$1,677,876
All Other Expenses$1,265,363$242,706-$1,508,069
Payroll Taxes$1,075,120$93,621$100,064$1,268,805
Pension Plan Contributions$1,056,374$109,836$93,866$1,260,076
Other Expenses$1,065,296$68,853$30,156$1,065,296
Advertising$14,817-$775,427$790,244
Travel$636,464$103,529$40,272$780,265
Fees for Services Management$583,731$160,695$18$744,444
Occupancy$706,947$4,386-$711,333
Information Technology$233,486$461,949-$695,435
Conferences and Meetings$64,867$30,137$29,256$124,260
Fees for Services Legal-$107,445-$107,445
Fees for Services Accounting-$82,981-$82,981
Total Functional Expenses$63,930,575$3,871,369$3,127,440$70,929,384

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$70,929,384
Total Expenses per Audited Statements$44,487,147
Expenses per Audited Statements$44,444,247
Expenses Not Reported on Financial Statements$26,485,137
Other Expense Adjustments$26,485,137
Expenses Not Reported on Form 990$42,900
International Activity

International Summary

Offices
5
Employees
17
Spending
$1,395,490

International Compliance

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

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe & UkProgram ServicesEducational49$1,131,693
North AmericaProgram ServicesEducational18$263,797
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Refundable Advance (ppp Loan)$4,709,682
US Govt Refundable$2,265,043
Annuities Payable$659,813
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 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
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, Page 6, Part VI, Line 9

Charles morris 812 university pella, ia 50219

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

Form 990 is reviewed by the governance board of the college before filing.

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

Conflict of interest document is completed each year and monitored by the treasurer's office.

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

President's salary is reviewed and approved by the board of trustees compensation committee.

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

Salaries of key employees and officers are approved by direct reports. All salaries are monitored by the business office monthly.

Form 990, Page 6, Part VI, Line 19

AVAILABLE UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Central College
EIN
42-0680344
Phone
6416285161
Address
812 UNIVERSITY STREET, PELLA, IA 50219

Signing Officer

Name
Thomas Johnson
Title
VP Finance & Treas
Phone
6416285273
Signed
2021-03-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Putnam - President
Formed
1853
Legal Domicile
Ia
Voting Board Members
36
Independent Board Members
36
Employees
1,462
Volunteers
1

Preparer

Firm
Tdt Cpas and Advisors Pc
Address
1245 JORDAN CREEK PKWY SUITE 100, WEST DES MOINES, IA 50266-2300
Preparer
Dan Montgomery CPA
Phone
6416289411
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Central college is a residential liberal arts college dedicated to helping students discover and develop their greatest potential. Guided by its ecumenical christian tradition, the college community engages in vigorous, open inquiry in pursuit of academic excellence. The college nurtures the development of the mind, while fostering spiritual and emotional maturity and physical well-being. Central integrates career preparation with the development of values essential to responsible citizenship, empowering graduates for effective service in local, national, and international communities.

Form 990, Page 2, Part III, Line 4D

Government-sponsored trio programs - expenses of federal grant program

Form 990, Part V, Line 4B

Spain, austria, mexico, great britain (uk)

Form 990, Part XI, Line 9

Rental expenses 42,900 financial aid -26,485,137 rental expenses -42,900 financial aid 26,485,137

Financial Statement Notes

Schedule D, Page 2, Part III, Line 4

Paintings and indian jewelry collection used in academic classes, public display on campus and loaned to other non-profit organizations with no fee.

Schedule D, Page 2, Part V, Line 4

Intended use of the endowment funds is to fund educational scholarships and awards for central college students, faculty, and support for endowed chairs, and additional special projects for faculty members and the music department.

Schedule D, Page 3, Part X

The internal revenue service has determined that the college is exempt from federal income tax under section 501(c)3 of the internal revenue code. The college is also exemot from state income tax. However, any urelated business income may be subject to taxation.the college follows the accounting standards for contingencies in evaluating certain uncertain tax positions. This guidance prescribes recognition threshold principles for the financial statement recognition of tax positions taken or expected to be taken on a tax return that are not certain to be realized. No liability has been recognized by the college for uncertain tax positions as of june 30, 2020 and 2019. The college's tax returns are subject to review and examination by federal and state authorities. The tax return for fiscal years 2016 and thereafter are open to examination by federal and state authorities.

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

RENTAL EXPENSES 42,900

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

FINANCIAL AID 26,485,137

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

RENTAL EXPENSES 42,900

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

FINANCIAL AID 26,485,137

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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/Desc0PROVIDED EDUCATIONAL SERVICES RELATED TO CLASSROOM TEACHING, LABORATORY EXPERIENCES, AND PROGRAM SERVICE TO 1,163 STUDENTS, INCLUDING 1,111 RECEIVING INSTITUTIONAL FINANCIAL ASSISTANCE.
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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.$176$70.2$106$51.7$53.9$2.13
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$178$71.4$107$50.3$54.4$4.11
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$188$72.9$115$50.6$51.2$0.55
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$196$73.9$122$52.4$50.4$2.02
2020Detailed filing. Detailed filing data is available for this year.$182$79.3$103$65.4$70.9$5.55
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$186$75.6$110$69.3$69.8$0.43
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$187$74.4$113$67.6$71.3$3.71
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$186$73.0$113$65.6$69.6$3.99
2016Detailed filing. Detailed filing data is available for this year.$186$66.0$120$69.8$68.8$1.03
2015Detailed filing. Detailed filing data is available for this year.$194$66.8$127$75.0$69.8$5.18
2014Detailed filing. Detailed filing data is available for this year.$192$66.9$125$69.2$65.5$3.76
2013Summary only. Only limited summary data is available for this year.$183$68.4$114$70.1$66.8$3.31
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$180$71.9$109$47.7
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$186$69.4$117$46.2
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$178$71.5$107$43.6
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2020 filings • 501(c)3 • $100M-$250M nonprofits