Civic Intelligence

Mcpherson College

990 • Fiscal year 2024 • EIN 48-0543736

Jul 01, 2023 to Jun 30, 2024 • Filed on Feb 05, 2025

PO Box 1402Mcpherson, KS 67460

(620) 241-0731

Siviq Scores

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

Liabilities / Assets

11th percentile

0.02x

Higher debt load relative to assets than 11% of similar nonprofits.

2024 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2024

Liabilities / Revenue

34th percentile

0.30x

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

2024 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2024

Net Margin

87th percentile

31%

Higher net margin than 87% of similar nonprofits.

2024 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2024

Top Officer Pay

22nd percentile

$422,791

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

2024 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2024

Asset Growth

34th percentile

3.2%

Faster asset growth than 34% of similar nonprofits.

2024 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Revenue Growth

1st percentile

-91%

Faster revenue growth than 1% of similar nonprofits.

2024 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Assets

Up

$788,243,245

Up $24,703,072 (+3.2%) from 2023

Net Assets

Up

$769,363,576

Up $24,145,591 (+3.2%) from 2023

Liabilities

Up

$18,879,669

Up $557,481 (+3.0%) from 2023

Revenue

Down

$63,455,399

Down $627,187,205 (-91%) from 2023

Expenses

Down

$43,902,901

Down $42,225 (-0.1%) from 2023

Net Income

Down

$19,552,498

Down $627,144,980 (-97%) from 2023

Historical Trend

Balance Sheet Trend

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

$1.0B$500M$0Assets 2010: $50,618,591Liabilities 2010: $9,895,119Net Assets 2010: $40,723,4722010Assets 2011: $56,587,976Liabilities 2011: $11,121,824Net Assets 2011: $45,466,1522011Assets 2012: $55,469,850Liabilities 2012: $10,928,940Net Assets 2012: $44,540,9102012Assets 2013: $57,681,879Liabilities 2013: $10,451,544Net Assets 2013: $47,230,3352013Assets 2014: $59,576,236Liabilities 2014: $10,153,367Net Assets 2014: $49,422,8692014Assets 2015: $57,357,803Liabilities 2015: $9,604,702Net Assets 2015: $47,753,1012015Assets 2016: $68,162,007Liabilities 2016: $11,859,363Net Assets 2016: $56,302,6442016Assets 2017: $76,289,930Liabilities 2017: $17,643,046Net Assets 2017: $58,646,8842017Assets 2018: $77,932,757Liabilities 2018: $17,832,547Net Assets 2018: $60,100,2102018Assets 2019: $77,712,462Liabilities 2019: $18,200,229Net Assets 2019: $59,512,2332019Assets 2020: $80,364,043Liabilities 2020: $18,192,189Net Assets 2020: $62,171,8542020Assets 2021: $89,653,708Liabilities 2021: $14,769,089Net Assets 2021: $74,884,6192021Assets 2022: $110,145,615Liabilities 2022: $14,352,799Net Assets 2022: $95,792,8162022Assets 2023: $763,540,173Liabilities 2023: $18,322,188Net Assets 2023: $745,217,9852023Assets 2024: $788,243,245Liabilities 2024: $18,879,669Net Assets 2024: $769,363,5762024Assets 2025: $825,187,209Liabilities 2025: $37,667,461Net Assets 2025: $787,519,7482025

Highlighted filing

2024

Assets$788,243,245
Liabilities$18,879,669
Net Assets$769,363,576

Operations Trend

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

$800M$600M$400M$200M$0-$200MExpenses 2010: $18,378,0132010Expenses 2011: $21,735,6782011Expenses 2012: $21,356,3662012Revenue 2013: $23,326,420Expenses 2013: $23,033,164Net Income 2013: $293,2562013Revenue 2014: $22,448,685Expenses 2014: $24,344,873Net Income 2014: -$1,896,1882014Revenue 2015: $23,093,806Expenses 2015: $24,150,621Net Income 2015: -$1,056,8152015Revenue 2016: $21,464,219Expenses 2016: $26,090,827Net Income 2016: -$4,626,6082016Revenue 2017: $29,433,480Expenses 2017: $27,919,104Net Income 2017: $1,514,3762017Revenue 2018: $30,151,415Expenses 2018: $29,065,567Net Income 2018: $1,085,8482018Revenue 2019: $30,592,450Expenses 2019: $31,711,157Net Income 2019: -$1,118,7072019Revenue 2020: $37,649,391Expenses 2020: $33,823,393Net Income 2020: $3,825,9982020Revenue 2021: $41,526,128Expenses 2021: $35,372,459Net Income 2021: $6,153,6692021Revenue 2022: $65,375,899Expenses 2022: $39,460,583Net Income 2022: $25,915,3162022Revenue 2023: $690,642,604Expenses 2023: $43,945,126Net Income 2023: $646,697,4782023Revenue 2024: $63,455,399Expenses 2024: $43,902,901Net Income 2024: $19,552,4982024Revenue 2025: $67,427,262Expenses 2025: $48,485,421Net Income 2025: $18,941,8412025

Highlighted filing

2024

Revenue$63,455,399
Expenses$43,902,901
Net Income$19,552,498
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Feb 5, 2025
Return Version
2023v6.0
Gross Receipts
$68,430,709
Mission and Program Overview

Mission

To develop whole persons through scholarship, participation and service. Mcpherson college is a vibrant community of persons from diverse faiths and cultural backgrounds. The college provides education in over 30 areas of study, serving approximately 781 students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$672,879,939$680,725,826▲ $7,845,887
Land, Buildings, and Equipment, Net$31,341,288$46,837,627▲ $15,496,339
Investments in Publicly Traded Securities$29,462,388$31,658,044▲ $2,195,656
Investments Other Securities$18,972,767$19,821,987▲ $849,220
Savings and Temporary Cash Investments$5,365,147$4,332,517▼ $1,032,630
Inventories for Sale or Use$2,432,549$2,617,578▲ $185,029
Cash and Non-Interest-Bearing Accounts$1,358,168$561,944▼ $796,224
Accounts Receivable$500,562$546,170▲ $45,608
Prepaid Expenses and Deferred Charges$21,149$279,049▲ $257,900
Other Notes and Loans Receivable, Net$410,657$222,449▼ $188,208
Total Assets$763,540,173$788,243,245▲ $24,703,072
Other Assets Total$795,559$640,054▼ $155,505
Liabilities
Tax Exempt Bond Liabilities$9,651,882--
Mortgage Notes Payable Secured by Investment Property$1,151,221$8,246,092▲ $7,094,871
Other Liabilities$4,657,307$5,602,539▲ $945,232
Accounts Payable and Accrued Expenses$2,729,779$2,956,653▲ $226,874
Deferred Revenue$131,999$2,074,385▲ $1,942,386
Total Liabilities$18,322,188$18,879,669▲ $557,481
Net Assets / Fund Balance
Net Assets With Donor Restrictions$713,936,136$721,103,254▲ $7,167,118
Net Assets Without Donor Restrictions$31,281,849$48,260,322▲ $16,978,473
Total Net Assets Fund Balance$745,217,985$769,363,576▲ $24,145,591
Total Liabilities and Net Assets / Fund Balance$763,540,173$788,243,245▲ $24,703,072

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$16,537,197$32,702,767$49,239,964
Other Land Buildings$14,488,778-$14,488,778
Equipment$9,771,731-$9,771,731
Land$5,969,889-$5,969,889

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$692,122,437$20,977,188▲ $5,496,628$3,960,211$714,363,042
2023$53,371,147$638,754,749▲ $3,747,661$3,751,120$692,122,437
2022$53,919,730$3,615,520▼ $1,285,504$2,878,599$53,371,147
2021$44,470,837$2,259,621▲ $9,878,632$2,689,360$53,919,730
2020$47,125,339$532,926▼ $339,842$2,847,586$44,470,837
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael SchneiderCollege PresFT$373,839$48,952$422,791
Michael SchneiderCollege President-$310,209$112,582$422,791
Amanda GutierrezProvost/execFT$145,955$31,222$177,177
Amanda GutierrezProvost/executive VP-$145,955$31,222$177,177
Carol SummervillVP for FinanFT$128,408$21,890$150,298
Carol SummervillVP for Finance-$128,408$21,890$150,298
Erik VogelVP for AdvanFT$118,699$28,120$146,819
Richard TuxhornDirector of EndowFT$118,334$11,967$130,301
Marty SigwingExec Director ofFT$101,871$21,533$123,404

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Dondlinger & Sons ConstructionConstructionPO BOX 398, Wichita, KS 67201$9,878,177
Tim Cheatham Construction LLCConstruction1015 W WOODSIDE, Mcpherson, KS 67460$2,325,221
Sodexo Dining ServicesDining Services915 MEETING STREET, North Bethesda, MD 20852$1,938,815
Hutton CorporationConstructionPO BOX 1044, Mcpherson, KS 67460$982,497
Beck Associates ArchitectsDesign110 WEST 7TH STREET SUITE 710, Tulsa, OK 74119$883,510
Revenue and Support

Revenue Composition

Contributions and Grants
$27,870,932
Program Service Revenue
$33,543,452
Investment Income
$1,073,908
Other Revenue
$967,107
All Other Contributions
$26,687,955
Change in Net Assets
$19,552,498

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
Cars and Other Vehicles5$135,000Market Value
Securities Publicly Traded5$30,596Market Value
Other Non Cash Contri Table22$7,827Market Value
Total Noncash Contributions32$173,423-

Audited Revenue Reconciliation

Revenue per Audited Statements
$44,874,602
Revenue Not Reported on Financial Statements
$18,580,797
Revenue Not Reported on Form 990
$4,593,094
Other Revenue Adjustments
$17,806,843
Total Revenue per Audited Statements
$49,467,696
Total Revenue per Form 990
$63,455,399
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$17,781,743
Salaries, Compensation, and Employee Benefits$13,232,141
Other Expenses$12,889,017
Total Fundraising Expense$1,748,613
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$17,781,743--$17,781,743
Other Salaries and Wages$8,133,085$785,962$862,732$9,781,779
Depreciation Depletion$1,554,191$87,822-$1,642,013
Other Employee Benefits$1,111,359$266,411$47,089$1,424,859
Occupancy$1,180,687$135,901-$1,316,588
Information Technology$110,333$899,252$1,744$1,011,329
Pension Plan Contributions$654,607$142,738$34,350$831,695
Travel$665,413$18,133$132,533$816,079
Fees for Service Investment Mgmnt Fees-$773,954-$773,954
Payroll Taxes$571,471$110,839$29,283$711,593
Fees for Services Other$489,509$212,555$4,070$706,134
Insurance$371,046$318,708-$689,754
Office Expenses$223,692$178,849$97,820$500,361
Current Officers, Directors, Trustees, and Key Employees$48,221$289,331$144,663$482,215
Fees for Services Management$18,619$254,008$196,296$468,923
Interest$208,085$183,028-$391,113
Conferences and Meetings$209,691$119,380$50,666$379,737
Other Expenses$188,380$73,774$15,884$278,038
Advertising$98,049$50,144$123,689$271,882
All Other Expenses-$141,898-$141,898
Fees for Services Accounting-$82,374-$82,374
Fees for Services Legal$6,335$57,950-$64,285
Total Functional Expenses$36,966,568$5,187,720$1,748,613$43,902,901

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$43,902,901
Expenses per Audited Statements$25,441,125
Total Expenses per Audited Statements$25,441,125
Expenses Not Reported on Financial Statements$18,461,776
Other Expense Adjustments$17,687,822
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
Line of Credit$3,800,000
Split-interest Agreements$1,455,232
Financing Lease Liabilities$274,165
US Government Loans Funds Refundable$137,465
Operating Lease Liabilities$59,265
Unamortized Debt Issuance Cost$-123,588
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 11B

Reviewed by the vp for finance and the finance committee of the board of directors before being filed. In addition, a complete copy of the form 990 is made available to each board member to view, via a password-protected website, prior to filing.

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

Conflicts of interest are reviewed periodically for violations of policies. If a conflict arises the trustees are recused from the vote.

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

Compensation determination is aided through the use of comparative data from similar size entities and independent data obtained by the board and management.

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

Compensation determination is aided through the use of comparative data from similar size entities and independent data obtained by the board and management.

Form 990, Page 6, Part VI, Line 19

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

Form 990, Part VII

Mcpherson college received a commitment for a historic 1 billion endowment estate gift after completing a double match challenge. The mcpherson college board of trustees voted unanimously to name the mcpherson college endowment after two late alumni and professors at mcpherson college, drs. John ward and john burkholder. The donor agreement provides the flexibility for the anonymous donor to pay out over time, or it is all paid in full upon the donor's death, which is the latest time at which mcpherson college would have access to the anonymous donor's 1 billion. Most other gifts to meet the challenge will come over time as part of estate commitments.

Filing and Contact Details

Filer

Filer Name
Mcpherson College
EIN
48-0543736
Phone
6202410731
Address
PO BOX 1402, MCPHERSON, KS 67460

Signing Officer

Name
Michael Schneider
Title
College President
Phone
6202410731
Signed
2025-02-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Schneider
Formed
1887
Legal Domicile
Ks
Voting Board Members
25
Independent Board Members
25
Employees
533
Volunteers
56

Preparer

Firm
Swindoll Janzen Hawk & Loyd LLC
Address
220 W DOUGLAS AVE SUITE 300, WICHITA, KS 67202
Preparer
Adam L Grilliot Cpapfs
Phone
3162655600
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To develop whole persons through scholarship, participation and service. Mcpherson college is a vibrant community of persons from diverse faiths and cultural backgrounds. The college provides education in over 30 areas of study, serving approximately 781 students.

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

A.mcpherson college's mission is to "develop whole persons through scholarship, participation, and service" within a career-focused liberal arts environment. In 2023, the college secured an unprecedented 1b commitment to its endowment, marking one of the largest single endowment commitments of any small liberal arts college in the u.s. Nationally recognized by u.s. News & world report, money magazine, and the chronicle of higher education's "great colleges to work for," mcpherson college is renowned for its innovative programs. Its automotive restoration program, the first four-year degree program of its kind, made history when a student-restored mercedes-benz 300 s earned a class award at the pebble beach concours d'elegance - the first time a student-restored car received such an honor at the prestigious concours. Learn about all of its programs at www.mcpherson.edu.

Form 990, Part XI, Line 9

Change in split interest agreement -155,542

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

Mcpherson college's endowment fund is intended to provide an invested principal from which earnings can be drawn to ensure income for scholarships for students and other board-designated spending as needed to enhance the educational experience we strive to provide.

Schedule D, Page 3, Part X

Fasb asc topic 740, income taxes related to uncertain tax positions, prescribes a recognition threshold and measurement attributable for financial statement recognition of uncertain tax positions taken or expected to be taken in a tax return. The college did not have any material uncertain tax positions as of june 30, 2024 and 2023. Tax years with open statutes of limitations are 2021 and forward.

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

Change in value split interest agreement -155,542

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

Bookstore cogs -93,921 uncollectible pledges 0 scholarships and grants 17,781,743 depreciation on investment assets 119,021

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

Scholarships and grants 17,781,743 bookstore cogs -93,921

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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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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$825$37.7$788$67.4$48.5$18.9
2024Detailed filing. Detailed filing data is available for this year.$788$18.9$769$63.5$43.9$19.6
2023Detailed filing. Detailed filing data is available for this year.$764$18.3$745$691$43.9$647
2022Detailed filing. Detailed filing data is available for this year.$110$14.4$95.8$65.4$39.5$25.9
2021Detailed filing. Detailed filing data is available for this year.$89.7$14.8$74.9$41.5$35.4$6.15
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$80.4$18.2$62.2$37.6$33.8$3.83
2019Detailed filing. Detailed filing data is available for this year.$77.7$18.2$59.5$30.6$31.7$1.12
2018Detailed filing. Detailed filing data is available for this year.$77.9$17.8$60.1$30.2$29.1$1.09
2017Detailed filing. Detailed filing data is available for this year.$76.3$17.6$58.6$29.4$27.9$1.51
2016Detailed filing. Detailed filing data is available for this year.$68.2$11.9$56.3$21.5$26.1$4.63
2015Detailed filing. Detailed filing data is available for this year.$57.4$9.60$47.8$23.1$24.2$1.06
2014Detailed filing. Detailed filing data is available for this year.$59.6$10.2$49.4$22.4$24.3$1.90
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$57.7$10.5$47.2$23.3$23.0$0.29
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$55.5$10.9$44.5$21.4
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$56.6$11.1$45.5$21.7
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$50.6$9.90$40.7$18.4