Civic Intelligence

Simpson College

990 • Fiscal year 2017 • EIN 42-0680389

Jun 01, 2016 to May 31, 2017 • Filed on Apr 16, 2018

701 N C StIndianola, IA 50125

(515) 961-1398

Siviq Scores

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

Liabilities / Assets

42nd percentile

0.24x

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

2017 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2017

Liabilities / Revenue

56th percentile

0.58x

Higher debt load relative to revenue than 56% of similar nonprofits.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2017

Net Margin

28th percentile

-0.5%

Higher net margin than 28% of similar nonprofits.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

30th percentile

1.6%

Faster asset growth than 30% of similar nonprofits.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2016 to 2017

Revenue Growth

43rd percentile

3.5%

Faster revenue growth than 43% of similar nonprofits.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2016 to 2017

Assets

Up

$154,530,316

Up $2,472,349 (+1.6%) from 2016

Net Assets

Up

$117,054,924

Up $4,722,603 (+4.2%) from 2016

Liabilities

Down

$37,475,392

Down $2,250,254 (-5.7%) from 2016

Revenue

Up

$64,633,959

Up $2,178,774 (+3.5%) from 2016

Expenses

Up

$64,988,869

Up $853,008 (+1.3%) from 2016

Net Income

Up

-$354,910

Up $1,325,766 (+79%) from 2016

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: $125,619,485Liabilities 2010: $30,268,263Net Assets 2010: $95,351,2222010Assets 2011: $143,098,580Liabilities 2011: $34,846,491Net Assets 2011: $108,252,0892011Assets 2012: $138,387,983Liabilities 2012: $34,472,575Net Assets 2012: $103,915,4082012Assets 2013: $152,234,759Liabilities 2013: $37,598,541Net Assets 2013: $114,636,2182013Assets 2014: $161,377,706Liabilities 2014: $40,312,212Net Assets 2014: $121,065,4942014Assets 2015: $160,918,095Liabilities 2015: $40,690,856Net Assets 2015: $120,227,2392015Assets 2016: $152,057,967Liabilities 2016: $39,725,646Net Assets 2016: $112,332,3212016Assets 2017: $154,530,316Liabilities 2017: $37,475,392Net Assets 2017: $117,054,9242017Assets 2018: $157,999,908Liabilities 2018: $35,825,770Net Assets 2018: $122,174,1382018Assets 2019: $151,049,652Liabilities 2019: $34,559,672Net Assets 2019: $116,489,9802019Assets 2020: $150,227,314Liabilities 2020: $37,095,369Net Assets 2020: $113,131,9452020Assets 2021: $180,912,943Liabilities 2021: $43,481,351Net Assets 2021: $137,431,5922021Assets 2022: $164,069,372Liabilities 2022: $41,164,817Net Assets 2022: $122,904,5552022Assets 2023: $152,836,299Liabilities 2023: $44,058,546Net Assets 2023: $108,777,7532023

Highlighted filing

2017

Assets$154,530,316
Liabilities$37,475,392
Net Assets$117,054,924

Operations Trend

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

$100M$50M$0-$50MExpenses 2010: $54,523,7972010Expenses 2011: $56,897,2452011Revenue 2012: $56,978,959Expenses 2012: $57,516,999Net Income 2012: -$538,0402012Expenses 2013: $59,998,6672013Revenue 2014: $63,300,379Expenses 2014: $61,222,263Net Income 2014: $2,078,1162014Revenue 2015: $63,809,578Expenses 2015: $62,809,286Net Income 2015: $1,000,2922015Revenue 2016: $62,455,185Expenses 2016: $64,135,861Net Income 2016: -$1,680,6762016Revenue 2017: $64,633,959Expenses 2017: $64,988,869Net Income 2017: -$354,9102017Revenue 2018: $67,020,938Expenses 2018: $64,011,170Net Income 2018: $3,009,7682018Revenue 2019: $64,583,672Expenses 2019: $65,247,098Net Income 2019: -$663,4262019Revenue 2020: $61,218,401Expenses 2020: $64,380,608Net Income 2020: -$3,162,2072020Revenue 2021: $82,646,983Expenses 2021: $65,066,415Net Income 2021: $17,580,5682021Revenue 2022: $65,440,867Expenses 2022: $68,948,594Net Income 2022: -$3,507,7272022Revenue 2023: $63,596,291Expenses 2023: $76,041,583Net Income 2023: -$12,445,2922023

Highlighted filing

2017

Revenue$64,633,959
Expenses$64,988,869
Net Income-$354,910
Jump To
Filing Snapshot
Filing Period
Jun 1, 2016 to May 31, 2017
Signed
Apr 16, 2018
Return Version
2016v3.0
Gross Receipts
$75,559,979
Mission and Program Overview

Mission

Through innovative learning opportunities, individual student attention, and an unwavering commitment to inclusive educational access, simpson college cultivates a diverse community of learners to lead lives of meaning and purpose.

Simpson College is an independent, selective, church-related, comprehensive liberal arts college dedicated to excellence in higher education. The Simpson College community is equally committed to: Promoting integrative learning that enables students of all ages to develop intellectual and practical skills; Nurturing values which foster personal worth and individuality within a creative, diverse and just community; Graduating students who continue to grow as free, responsible and fulfilled individuals in the world of family, work, service and scholarship; Drawing up our relationship with the United Methodist Church and our religious traditions that guide us on issues of personal integrity, moral responsibility, social justice and global citizenship.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$61,740,912$59,350,184▼ $2,390,728
Investments in Publicly Traded Securities$47,079,868$57,881,535▲ $10,801,667
Investments Other Securities$28,180,632$25,882,491▼ $2,298,141
Savings and Temporary Cash Investments$7,244,945$3,271,677▼ $3,973,268
Investments Program Related$3,219,765$3,143,009▼ $76,756
Pledges and Grants Receivable$1,285,346$2,300,961▲ $1,015,615
Prepaid Expenses and Deferred Charges$1,409,020$1,351,732▼ $57,288
Accounts Receivable$1,778,579$852,646▼ $925,933
Cash and Non-Interest-Bearing Accounts$118,900$496,081▲ $377,181
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$152,057,967$154,530,316▲ $2,472,349
Other Assets Total$0$0→ $0
Liabilities
Tax Exempt Bond Liabilities$25,022,486$24,043,146▼ $979,340
Accounts Payable and Accrued Expenses$7,265,907$6,713,369▼ $552,538
Other Liabilities$4,077,108$3,743,178▼ $333,930
Mortgage Notes Payable Secured by Investment Property$3,285,145$2,975,699▼ $309,446
Unsecured Notes Loans Payable$75,000$0▼ $75,000
Grants Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Total Liabilities$39,725,646$37,475,392▼ $2,250,254
Net Assets / Fund Balance
Permanently Rstr Net Assets$52,905,280$53,999,299▲ $1,094,019
Unrestricted Net Assets$40,175,130$39,903,799▼ $271,331
Temporarily Rstr Net Assets$19,251,911$23,151,826▲ $3,899,915
Total Net Assets Fund Balance$112,332,321$117,054,924▲ $4,722,603
Total Liabilities and Net Assets / Fund Balance$152,057,967$154,530,316▲ $2,472,349

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$53,291,042$47,587,073$100,271,309
Equipment$2,883,005$13,632,994$16,515,999
Land$2,691,177-$2,248,494
Leasehold Improvements$364,849$399,506$764,355
Other Land Buildings$120,111$101,608$102,182
Other Securities$6,350--
Closely Held Equity Interests$0--
Financial Derivatives$0--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$79,823,014$876,375▲ $8,103,638$1,888,838$84,607,132
2015$86,006,393$363,249▼ $3,142,638$1,513,058$79,823,014
2014$85,363,062$250,748▲ $3,673,929$1,400,875$86,006,393
2013$78,609,361$780,603▲ $8,874,583$1,332,320$85,363,062
2012$69,166,031$1,824,599▲ $10,411,843$1,226,043$78,609,361
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jay K SimmonsPresidentFT$229,294$105,665$334,959
Kenneth I BirkenholtzFormer Vice President for Business & Finance-$155,826$93,651$249,477
Robert J LaneVice President for College AdvancementFT$150,427$21,341$171,768
Kelley L BradderVice President for Information ServicesFT$117,739$40,391$158,130
Christopher J GoodaleAsst VP for College AdvancementFT$106,910$32,409$139,319
Fred O JonesProfessor of SociologyFT$113,012$18,055$131,067
Deborah J TierneyVice President for EnrollmentFT$116,324$13,119$129,443
Heidi LevineVice President for Student DevelopmentFT$105,098$18,237$123,335
Catherine A HochVice President for Business & FinanceFT$68,447$11,624$80,071
Kent A EatonSenior Vice President & Academic DeanFT$69,233$3,868$73,101

Highest Paid Contractors

ContractorServicesLocationCompensation
Chartwells Dining ServicesFood ServicesPO Box 91337, Suite 150, Chicago, IL 60693-1337$3,197,266
Sodexo Operations LLCFacilities ServicesPO Box 360170, Pittsburgh, PA 15251-6170$2,096,234
Sodexo Food Services LLCFood ServicesPO Box 360170, Pittsburgh, PA 15251-6170$1,368,585
Ellucian IncInformation Technology Services62814 Collections Center Dr, Chicago, IL 60693$409,887
QciInformation Technology Services4300 Westown Pkwy, West Des Moines, IA 50266$330,219
Revenue and Support

Revenue Composition

Contributions and Grants
$4,345,862
Program Service Revenue
$56,426,844
Investment Income
$3,197,506
Other Revenue
$663,747
All Other Contributions
$3,396,382
Change in Net Assets
$-354,910

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 Traded18$174,482Fair Market Value (FMV)
Other Non Cash Contri Table67$16,587Fair Market Value (FMV)
Other Non Cash Contri Table22$12,204Fair Market Value (FMV)
Other Non Cash Contri Table1$8,312Dealer Lease Rate
Works of Art1$4,500Fair Market Value (FMV)
Total Noncash Contributions109$216,085-

Audited Revenue Reconciliation

Revenue per Audited Statements
$40,185,568
Revenue Not Reported on Financial Statements
$24,448,391
Revenue Not Reported on Form 990
$5,077,513
Other Revenue Adjustments
$24,448,391
Total Revenue per Audited Statements
$45,263,081
Total Revenue per Form 990
$64,633,959
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$24,448,391
Salaries, Compensation, and Employee Benefits$22,488,330
Other Expenses$18,052,148
Total Fundraising Expense$1,129,520
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$24,448,391--$24,448,391
Other Salaries and Wages$13,866,242$1,888,074$497,123$16,251,439
Other Employee Benefits$3,151,407$531,852$167,113$3,850,372
Depreciation Depletion$3,242,143$204,271$11,822$3,458,236
Occupancy$3,124,821$188,762$0$3,313,583
All Other Expenses$1,906,748$-90,097$80,232$1,896,883
Office Expenses$943,777$277,336$86,167$1,307,280
Payroll Taxes$948,528$166,414$50,285$1,165,227
Travel$656,763$131,321$38,473$826,557
Interest$751,557$46,092$1,920$799,569
Current Officers, Directors, Trustees, and Key Employees$135,288$363,677$171,648$670,613
Information Technology$324,608$309,043$0$633,651
Pension Plan Contributions$460,244$65,698$24,737$550,679
Advertising$117,345$200,801$0$318,146
Other Expenses$29,588$175,804$0$205,392
Fees for Services Legal$0$106,042$0$106,042
Fees for Service Investment Mgmnt Fees$0$100,000$0$100,000
Fees for Services Accounting$0$69,655$0$69,655
Total Functional Expenses$59,079,550$4,779,799$1,129,520$64,988,869

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$64,988,869
Expenses per Audited Statements$40,540,478
Total Expenses per Audited Statements$40,540,478
Expenses Not Reported on Financial Statements$24,448,391
Other Expense Adjustments$24,448,391
Expenses Not Reported on Form 990$0
International Activity

International Summary

Offices
0
Employees
0
Spending
$539,000

International Compliance

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 (including Iceland and Greenland)Program ServicesStudent May Term course travel00$276,570
South AmericaProgram ServicesStudent semester abroad course travel00$148,154
East Asia and the PacificProgram ServicesStudent semester abroad or May Term course travel00$113,243
Central America and the CaribbeanProgram ServicesStudent May Term course travel00$1,033
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$34,536
Fundraising Direct Expenses$30,275
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Athletic Golf Outing$60,472$34,536$9,601$24,935
Total Events$60,472$34,536$30,275$4,261
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
U.S. Government Loan Funds Refundable$2,422,125
Student, Personnel and Sundry Deposits$889,597
Interest Rate Swap Agreements$431,456

Bond Issues

BondIssuerIssuedIssue PricePurpose
AIowa Higher Education Loan Authority2013-06-26$27,841,842See Part VI

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$26,316,951$22,567,110$2,146,675$133,812

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
Yes
Corrective action procedures
Yes
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
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, Part VI, Section B, Line 11B

The return preparer reviewed a draft copy of the Form 990 with the President and Vice President for Business & Finance. The return preparer and the Vice President for Business & Finance reviewed the draft and addressed questions with a tax expert who is part of the accounting firm that audits the College. Appropriate changes were made, if applicable, to the Form 990 based on these reviews. Then, the final draft of the return was made available to all trustee members prior to filing. The return was provided electronically through the College portal and any comments or questions were directed to management or the Audit and Compliance Committee of the Board of Trustees. Finally, prior to return filing, a meeting of the Audit and Compliance Committee to the Board of Trustees was held in which management reviews the Form 990 with the Committee. The tax expert also participated in the meeting with the Audit and Compliance Committee. Appropriate changes, if applicable, were made to the Form 990 at the direction of the Audit and Compliance Committee before filing.

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

As required by the College bylaws, all trustees, officers and key employees are required to disclose annual interests that could give rise to conflicts. All reported information is compiled under the direction of the President. Copies of the completed forms are provided to the Audit and Compliance Committee of the Board of Trustees who then determines whether further review or action is necessary.

Form 990, Part VI, Section B, Line 15

The Executive Compensation Committee of the Board of Trustees consists of the Treasurer, Secretary, and Chairperson of the Board, which are all independent members of the Board of Trustees. The Committee is charged with reviewing and approving the compensation of the cabinet-level administrators. The Committee uses comparability data such as survey issued to several private colleges regarding total compensation for a president conducted by an independent compensation consultant and salary data for private college administrator positions provided by a state association of independent private colleges. Minutes of all Committee meetings are kept and maintained. The Committee is required to inform the full Board of Trustees of all provisions and elements of the President's compensation. The Committee last reviewed the Compensation package to the President during the year ended in May 2017.

Form 990, Part VI, Section C, Line 19

Upon written request to the President or Vice President for Business & Finance, the College will make its governing documents, conflict of interest policy and financial statements available to the public.

Filing and Contact Details

Filer

Filer Name
Simpson College
EIN
42-0680389
Phone
5159611398
Address
701 N C St, Indianola, IA 50125

Signing Officer

Name
Catherine Hoch
Title
VP for Business & Finance
Phone
5159611512
Signed
2018-04-16

Organization Details

Principal Officer
Jay K Simmons
Formed
1860
Legal Domicile
Ia
Voting Board Members
42
Independent Board Members
41
Employees
1,468
Volunteers
0
Supplemental Narrative

Financial Statement Notes

Schedule D, Part III, Line 4

The College maintains various artworks utilized primarily for the preservation of the heritage of the College and general public observation.

Schedule D, Part V, Line 4

The Simpson College endowment is intended to support the College's students by providing scholarships and loan funds and the endowment is intended to support the College by providing support for operations and facilities.

Schedule D, Part XI, Line 4B

Student aid is netted against tuition and fees in the audited financial statements.

Schedule D, Part XII, Line 4B

Student aid is netted against tuition and fees in the audited financial statements.

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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd40X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt4211624
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt4418844
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt4832409
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt4918237
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt5015360
IRS990/Form990PartVIISectionAGrp/PersonNm0Jay R Byers
IRS990/Form990PartVIISectionAGrp/PersonNm1Mary Sconiers Chapman
IRS990/Form990PartVIISectionAGrp/PersonNm2Nicole L Crain
IRS990/Form990PartVIISectionAGrp/PersonNm3Michael DeVito
IRS990/Form990PartVIISectionAGrp/PersonNm4D Robert Downing
IRS990/Form990PartVIISectionAGrp/PersonNm5Steven C Fiterman
IRS990/Form990PartVIISectionAGrp/PersonNm6Ben F Gaumer
IRS990/Form990PartVIISectionAGrp/PersonNm7Darrell J Goodhue
IRS990/Form990PartVIISectionAGrp/PersonNm8Denise M Griffey
IRS990/Form990PartVIISectionAGrp/PersonNm9Joseph D Hall
IRS990/Form990PartVIISectionAGrp/PersonNm10Terry W Handley
IRS990/Form990PartVIISectionAGrp/PersonNm11Jordan B Hansell
IRS990/Form990PartVIISectionAGrp/PersonNm12Mark L Hill
IRS990/Form990PartVIISectionAGrp/PersonNm13Steven G Johnson
IRS990/Form990PartVIISectionAGrp/PersonNm14Ronald L Keller
IRS990/Form990PartVIISectionAGrp/PersonNm15Sean M Kennedy
IRS990/Form990PartVIISectionAGrp/PersonNm16Gage A Kent
IRS990/Form990PartVIISectionAGrp/PersonNm17Linda W Koehn
IRS990/Form990PartVIISectionAGrp/PersonNm18John T Lawlor
IRS990/Form990PartVIISectionAGrp/PersonNm19Terrance J Lillis
IRS990/Form990PartVIISectionAGrp/PersonNm20Barbara A Miller
IRS990/Form990PartVIISectionAGrp/PersonNm21Mark C Miller
IRS990/Form990PartVIISectionAGrp/PersonNm22Alejandro Munoz
IRS990/Form990PartVIISectionAGrp/PersonNm23Owen J Newlin
IRS990/Form990PartVIISectionAGrp/PersonNm24John R Norris Jr
IRS990/Form990PartVIISectionAGrp/PersonNm25Kaela L Phillips
IRS990/Form990PartVIISectionAGrp/PersonNm26Nile D Ramsbottom
IRS990/Form990PartVIISectionAGrp/PersonNm27Lauren Rasmussen
IRS990/Form990PartVIISectionAGrp/PersonNm28Sunnie Richer

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$153$44.1$109$63.6$76.0$12.4
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$164$41.2$123$65.4$68.9$3.51
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$181$43.5$137$82.6$65.1$17.6
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$150$37.1$113$61.2$64.4$3.16
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$151$34.6$116$64.6$65.2$0.66
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$158$35.8$122$67.0$64.0$3.01
2017Detailed filing. Detailed filing data is available for this year.$155$37.5$117$64.6$65.0$0.35
2016Summary only. Only limited summary data is available for this year.$152$39.7$112$62.5$64.1$1.68
2015Detailed filing. Detailed filing data is available for this year.$161$40.7$120$63.8$62.8$1.00
2014Detailed filing. Detailed filing data is available for this year.$161$40.3$121$63.3$61.2$2.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$152$37.6$115$60.0
2012Summary only. Only limited summary data is available for this year.$138$34.5$104$57.0$57.5$0.54
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$143$34.8$108$56.9
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$126$30.3$95.4$54.5