Totals
- Total revenue
- $62,766,673
- Total expenses
- $74,166,129
- Contributions and grants received
- $13,845,083
- Grants paid
- $15,874,631
- Program service revenue
- $55,608,078
- Investment income
- -$6,321,458
- Other revenue
- -$365,030
- Total assets, end of year
- $182,425,243
- Total liabilities, end of year
- $31,160,767
- Net assets or fund balances, end of year
- $151,264,476
- Program services expenses (Part IX)
- $63,502,451
- Management and general expenses
- $7,186,359
- Fundraising expenses
- $3,477,319
- Program service expenses (Part III)
- $63,502,451
Program services were 85.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$988,381
-
1f · All other contributions, gifts and grants
$12,856,702
-
1g · Noncash contributions included above
$619,912
-
2a · Program service revenue: TUITION FEES
total $38,011,842 · related or exempt $38,011,842
-
2b · Program service revenue: RESIDENCE HALL REVENUE
total $9,696,639 · related or exempt $9,696,639
-
2c · Program service revenue: BOARD PLAN
total $4,040,138 · related or exempt $4,040,138
-
2d · Program service revenue: BALANCE AND MOBILITY CENTER
total $970,122 · related or exempt $970,122
-
2e · Program service revenue: SUMMER PROGRAMS
total $364,360 · related or exempt $364,360
-
2f · All other program service revenue
total $2,524,977 · related or exempt $2,524,977
-
3 · Investment income
total $2,381,654 · excluded $2,381,654
-
5 · Royalties
total $5 · excluded $5
-
6a · Gross rents
real property $13,740
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $13,740
-
6d · Net rental income or loss
total $13,740 · excluded $13,740
-
7a · Gross sales of assets other than inventory
securities $5,062,723 · other assets $19,199
-
7b · Less cost or other basis and sales expenses
securities $13,785,034 · other assets $0
-
7c · Gain or loss
securities -$8,722,311 · other assets $19,199
-
7d · Net gain or loss
total -$8,703,112 · excluded -$8,703,112
-
11a · Other revenue: LOSS ON DISPOSAL OF ASSET
total -$378,775 · excluded -$378,775
-
11e · Other revenue, total
-$378,775
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $13,468,815 · program services $13,468,815
-
3 · Grants to foreign organizations and individuals
total $2,405,816 · program services $2,405,816
-
5 · Compensation of officers, directors and key employees
total $1,172,123 · program services $403,217 · management and general $722,569 · fundraising $46,337
-
6 · Compensation of disqualified persons
total $220,748 · program services $131,125 · management and general $52,238 · fundraising $37,385
-
7 · Other salaries and wages
total $25,224,630 · program services $19,072,376 · management and general $4,651,843 · fundraising $1,500,411
-
8 · Pension plan contributions
total $23,362 · program services $17,057 · management and general $4,788 · fundraising $1,517
-
9 · Other employee benefits
total $4,675,049 · program services $3,435,518 · management and general $932,401 · fundraising $307,130
-
10 · Payroll taxes
total $1,740,308 · program services $1,270,634 · management and general $356,692 · fundraising $112,982
-
11b · Fees: legal
total $397,722 · management and general $397,722
-
11c · Fees: accounting
total $183,266 · management and general $183,266
-
11f · Fees: investment management
total $292,984 · management and general $292,984
-
11g · Fees: other
total $6,933,935 · program services $5,874,573 · management and general $839,255 · fundraising $220,107
-
12 · Advertising and promotion
total $746,417 · program services $146,356 · management and general $1,423 · fundraising $598,638
-
13 · Office expenses
total $2,306,522 · program services $1,720,995 · management and general $406,913 · fundraising $178,614
-
14 · Information technology
total $1,225,664 · program services $452,880 · management and general $660,082 · fundraising $112,702
-
16 · Occupancy
total $4,206,633 · program services $4,065,410 · management and general $118,635 · fundraising $22,588
-
17 · Travel
total $2,295,798 · program services $2,089,408 · management and general $123,466 · fundraising $82,924
-
19 · Conferences, conventions and meetings
total $15,612 · program services $13,696 · management and general $1,916
-
22 · Depreciation, depletion and amortization
total $4,620,024 · program services $4,299,395 · management and general $269,045 · fundraising $51,584
-
23 · Insurance
total $384,898 · program services $109,843 · management and general $274,130 · fundraising $925
-
24a · Other expenses: SPECIAL EVENTS
total $845,928 · program services $557,232 · management and general $110,059 · fundraising $178,637
-
24b · Other expenses: BOND EXPENSES
total $511,502 · management and general $511,502
-
24c · Other expenses: ALLOCATION OF OPERATION
total $0 · program services $3,833,900 · management and general -$3,843,461 · fundraising $9,561
-
24e · All other expenses
total $268,373 · program services $134,205 · management and general $118,891 · fundraising $15,277
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $9,467,549 · end of year $3,368,221
-
2 · Savings and temporary cash investments
beginning of year $2,922,688 · end of year $9,064,781
-
3 · Pledges and grants receivable
beginning of year $39,793,568 · end of year $14,896,839
-
4 · Accounts receivable
beginning of year $2,705,569 · end of year $1,682,104
-
8 · Inventories for sale or use
beginning of year $15,803 · end of year $14,891
-
9 · Prepaid expenses and deferred charges
beginning of year $1,255,447 · end of year $1,396,523
-
10a · Land, buildings and equipment: cost or other basis
$184,338,556
-
10b · Land, buildings and equipment: accumulated depreciation
$140,082,384
-
10c · Land, buildings and equipment, net
beginning of year $46,205,132 · end of year $44,256,172
-
11 · Investments: publicly traded securities
beginning of year $87,743,198 · end of year $106,622,783
-
12 · Investments: other securities
beginning of year $22,999
-
13 · Investments: program-related
beginning of year $1,154,592 · end of year $809,033
-
15 · Other assets
beginning of year $647,264 · end of year $313,896
-
17 · Accounts payable and accrued expenses
beginning of year $1,794,780 · end of year $1,810,743
-
19 · Deferred revenue
beginning of year $2,132,560 · end of year $1,699,969
-
20 · Tax-exempt bond liabilities
beginning of year $30,074,441 · end of year $14,737,029
-
21 · Escrow or custodial account liability
beginning of year $128,733 · end of year $106,005
-
23 · Secured mortgages and notes payable
beginning of year $1,856,250 · end of year $3,372,600
-
25 · Other liabilities
beginning of year $11,492,269 · end of year $9,434,421
-
27 · Net assets without donor restrictions
beginning of year $39,659,421 · end of year $69,717,043
-
28 · Net assets with donor restrictions
beginning of year $104,795,355 · end of year $81,547,433
Mission and programs · 2022
Mission
SEE SCHEDULE O
Activities or mission (Part I)
GORDON COLLEGE STRIVES TO GRADUATE MEN & WOMEN DISTINGUISHED BY (CONTINUED ON SCHEDULE O) (CONTINUATION) INTELLECTUAL MATURITY AND CHRISTIAN CHARACTER, COMMITTED TO LIVES OF SERVICE AND PREPARED FOR LEADERSHIP WORLDWIDE.
-
HIGHER EDUCATION: OUR LARGEST PROGRAM SERVICE IS PROVIDING EDUCATION AND INSTRUCTION TO INDIVIDUALS GIVING THEM AN OPPORTUNITY TO EARN A DEGREE. GORDON COLLEGE IS THE ONLY NONDENOMINATIONAL CHRISTIAN LIBERAL ARTS COLLEGE IN NEW ENGLAND. IT OFFERS 35 MAJORS AND CONFERS 3 SEPARATE UNDERGRADUATE DEGREES; BACHELOR OF ARTS, BACHELOR OF SCIENCE AND BACHELOR OF MUSIC. UNDERGRADUATE ENROLLMENT OF 1441 STUDENTS IS DRAWN FROM 46 STATES AND 41 COUNTRIES. IN 2022-23, GORDON COLLEGE ISSUED 275 UNDERGRADUATE DEGREES (WITH A SIX-YEAR GRADUATION RATE OF 68%). GORDON HAD A FACULTY TO STUDENT RATIO OF 14 TO 1 WITH 63% OF THE STUDENTS FROM OUTSIDE MASSACHUSETTS. OF THE 74 FULL-TIME FACULTY, 85% HAVE EARNED DOCTORATES. (CONTINUED ON SCHEDULE O)GORDON COLLEGE STUDENTS CAN TAKE ADVANTAGE OF A WIDE VARIETY OF OFF-CAMPUS PROGRAMS, BOTH DOMESTIC AND ABROAD. DURING 2022-23, 60 STUDENTS PARTICIPATED IN OFF-CAMPUS PROGRAMS AND SHORT-TERM INTERNATIONAL SEMINARS. PART V, LINE 2A:EMPLOYEE BREAKOUT:STAFF - 767STUDENT - 854TOTAL - 1,621
Expenses $44,961,574 · Grants $15,839,068 · Revenue $33,404,536
-
AUXILIARY PROGRAMS RELATED TO THE EDUCATIONAL PROCESS FOR DORMITORY HOUSING, FOOD SERVICE, BOOKSTORE, LAVIDA OUTDOOR EXPERIENCE, BALANCE AND MOBILITY CENTER, SUMMER ATHLETIC CAMPS AND OTHER SUMMER PROGRAMS. THERE WERE 1118 RESIDENT STUDENTS IN THE FALL SEMESTER 2022 AND 1060 IN THE SPRING SEMESTER 2023.
Expenses $16,780,661 · Revenue $17,078,436
-
HIGHER EDUCATION: GORDON COLLEGE HAS GRADUATE PROGRAMS IN EDUCATION, MUSIC EDUCATION, LEADERSHIP, AND FINANCIAL ANALYSIS CONFERRING DEGREES IN MASTERS OF EDUCATION, MASTERS OF MUSIC EDUCATION, MASTER OF ARTS IN LEADERSHIP, AND MASTER OF SCIENCE IN FINANCIAL ANALYSIS. IN 2022-23, THE TOTAL OF UNDUPLICATED GRADUATE STUDENTS WAS 334 DRAWN FROM 28 STATES AND 28 COUNTRIES. GORDON COLLEGE CONFERRED 142 MASTERS' DEGREES IN 2022-23.
Expenses $1,760,216 · Grants $35,563 · Revenue $2,600,129
-
Revenue $2,524,977
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Herman Smith JrHERMAN SMITH JR
CHAIRMAN OF THE BOARD (THRU 05/2023)
- Total calculated
- $0
- Hours/week
- 5 + 0.5 related
-
Gordon HallGORDON HALL
TREASURER
- Total calculated
- $0
- Hours/week
- 5 + 0.5 related
-
Samuel AcevedoSAMUEL ACEVEDO
TRUSTEE (AS OF 05/2023)
- Total calculated
- $0
- Hours/week
- 1
-
Timothy BreeneTIMOTHY BREENE
TRUSTEE (THRU 2/23)/EVP (AS OF 4/23)
- Total calculated
- $0
- Hours/week
- 1
-
Dr William BrownDR WILLIAM BROWN
TRUSTEE
- Total calculated
- $5,000
- From this org
- $5,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1 + 0.5 related
-
Francis Brown IIIFRANCIS BROWN III
TRUSTEE (AS OF 05/2023)
- Total calculated
- $0
- Hours/week
- 1
-
Dr Dorothy ChappellDR DOROTHY CHAPPELL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Foster ChaseFOSTER CHASE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Lisa ForknerLISA FORKNER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 0.5 related
-
Charley GeorgeCHARLEY GEORGE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Peter HerschendPETER HERSCHEND
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 0.5 related
-
Douglas MacgrayDOUGLAS MACGRAY
TRUSTEE (AS OF 05/2023)
- Total calculated
- $0
- Hours/week
- 1
-
Reid MaclellanREID MACLELLAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Alexis RapoALEXIS RAPO
TRUSTEE (AS OF 02/2023)
- Total calculated
- $0
- Hours/week
- 1
-
Ravi RavichandranRAVI RAVICHANDRAN
TRUSTEE (AS OF 02/2023)
- Total calculated
- $0
- Hours/week
- 1
-
Barry RowanBARRY ROWAN
TRUSTEE (THRU 05/2023)
- Total calculated
- $0
- Hours/week
- 1
-
Dante RutstromDANTE RUTSTROM
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jessie Saintcyr EsqJESSIE SAINTCYR ESQ
TRUSTEE (THRU 02/2023)
- Total calculated
- $0
- Hours/week
- 1
-
John SargentJOHN SARGENT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Samuel Schreiner IIISAMUEL SCHREINER III
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 0.5 related
-
Santiago SedacaSANTIAGO SEDACA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mary ShahianMARY SHAHIAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Madelyn ShieldsMADELYN SHIELDS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Lori SmithLORI SMITH
TRUSTEE (AS OF 05/2023)
- Total calculated
- $0
- Hours/week
- 1
-
Dr Carrie TibblesDR CARRIE TIBBLES
TRUSTEE/CHAIR (AS OF 05/2023)
- Total calculated
- $0
- Hours/week
- 1 + 0.5 related
-
Karon WilliamsonKARON WILLIAMSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Suannah YoungSUANNAH YOUNG
TRUSTEE (THRU 05/2023)
- Total calculated
- $0
- Hours/week
- 1
-
Michael D HammondMICHAEL D HAMMOND
PRESIDENT
- Total calculated
- $545,940
- From this org
- $414,184
- From related orgs
- $0
- Other
- $131,756
- Hours/week
- 60 + 1 related
Schedule J breakdown matched by us
- Base
- $366,417
- Bonus
- $37,500
- Other
- $10,267
- Deferred
- $0
- Nontaxable benefits
- $131,756
- Filer's total
- $545,940
-
Daniel TymannDANIEL TYMANN
EVP AND CHIEF OF STAFF
- Total calculated
- $216,664
- From this org
- $195,605
- From related orgs
- $0
- Other
- $21,059
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $183,904
- Bonus
- $9,500
- Other
- $2,201
- Deferred
- $0
- Nontaxable benefits
- $21,059
- Filer's total
- $216,664
-
Sandra DoneskiSANDRA DONESKI
EVP FOR ACADEMIC AFFAIRS
- Total calculated
- $203,935
- From this org
- $181,576
- From related orgs
- $0
- Other
- $22,359
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $170,886
- Bonus
- $10,000
- Other
- $690
- Deferred
- $0
- Nontaxable benefits
- $22,359
- Filer's total
- $203,935
-
Stephen D LacorazzaSTEPHEN D LACORAZZA
VP FOR FINANCE & CFO
- Total calculated
- $200,726
- From this org
- $169,165
- From related orgs
- $0
- Other
- $31,561
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $157,395
- Bonus
- $11,500
- Other
- $270
- Deferred
- $0
- Nontaxable benefits
- $31,561
- Filer's total
- $200,726
-
Richard SweeneyRICHARD SWEENEY
VICE PRESIDENT FOR MARKETING & EXT.
- Total calculated
- $185,538
- From this org
- $157,054
- From related orgs
- $0
- Other
- $28,484
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $147,441
- Bonus
- $8,500
- Other
- $1,113
- Deferred
- $0
- Nontaxable benefits
- $28,484
- Filer's total
- $185,538
-
Britt Carlson EatonBRITT CARLSON EATON
VP FOR ADVANCEMENT
- Total calculated
- $163,738
- From this org
- $141,030
- From related orgs
- $0
- Other
- $22,708
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $131,781
- Bonus
- $9,000
- Other
- $249
- Deferred
- $0
- Nontaxable benefits
- $22,708
- Filer's total
- $163,738
-
Salome BrooksSALOME BROOKS
PROFESSOR (THRU 06/2022)
- Total calculated
- $359,920
- From this org
- $354,610
- From related orgs
- $0
- Other
- $5,310
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $81,783
- Bonus
- $0
- Other
- $272,827
- Deferred
- $0
- Nontaxable benefits
- $5,310
- Filer's total
- $359,920
-
Jennifer SkaggsJENNIFER SKAGGS
VP FOR STUDENT LIFE
- Total calculated
- $169,884
- From this org
- $145,659
- From related orgs
- $0
- Other
- $24,225
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $126,035
- Bonus
- $3,000
- Other
- $16,624
- Deferred
- $0
- Nontaxable benefits
- $24,225
- Filer's total
- $169,884
-
Jeffery StevensonJEFFERY STEVENSON
PROFESSOR
- Total calculated
- $139,901
- From this org
- $114,267
- From related orgs
- $0
- Other
- $25,634
- Hours/week
- 60
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · Travel for companions
- 1a · Housing allowance or residence for personal use
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4a · Severance or change-of-control payment
- 7 · Other non-fixed payments
Answered no
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 1A
- TRAVEL FOR COMPANIONS: OCCASIONALLY SPOUSES OF OFFICERS ACCOMPANY THEM ON BUSINESS TRIPS FOR THE COLLEGE. IN ORDER TO BE TREATED AS A WORKING CONDITION FRINGE BENEFIT, THE COLLEGE REQUIRES SUBSTANTIATION OF THE TRIP AS A BONAFIDE BUSINESS EXPENSE FOR BOTH THE OFFICER AND THE SPOUSE. IF THERE IS NO BUSINESS PURPOSE FOR THE SPOUSE, THE SPOUSAL TRAVEL IS TREATED AS TAXABLE INCOME TO THE OFFICER OR THE OFFICER REIMBURSES THE COLLEGE. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: ONE LISTED PERSON RECEIVED THIS BENEFIT. THE PRESIDENT IS REQUIRED TO LIVE IN ON-CAMPUS HOUSING FOR HOSTING PURPOSES AND 24/7 AVAILABILITY TO THE CAMPUS COMMUNITY. BECAUSE OF THIS REQUIREMENT, IT IS EXCLUDED FROM WAGES UNDER SECTION 119 OF THE IRS CODE. THE HOUSING VALUE INCLUDED IN NON-TAXABLE COMPENSATION WAS $102,000. THIS AMOUNT IS INCLUDED ON SCHEDULE J, PART II, COLUMN D. CERTAIN LISTED INDIVIDUALS RECEIVED HOUSING ASSISTANCE AS A TAXABLE BENEFIT. THIS AMOUNT IS INCLUDED ON SCHEDULE J, PART II, COLUMN B(III).
- PART I, LINE 4A
- ONE LISTED INDIVIDUAL SEPARATED FROM THE COLLEGE IN JUNE OF 2022. PURSUANT TO THIS INDIVIDUAL'S AGREEMENT, THE INDIVIDUAL RECEIVED SEVERANCE PAYMENTS IN CALENDAR YEAR 2022. THIS AMOUNT IS REPORTED ON SCHEDULE J, PART II, COLUMN B(III).
- PART I, LINE 7
- OFFICERS AND OTHER EMPLOYEES WERE GIVEN BONUSES FOR EXCEEDING THE GOALS AND EXPECTATIONS ASSIGNED TO THEM FOR THE YEAR. RECOMMENDATIONS FOR BONUSES ARE MADE BY THE PRESIDENT TO THE EXECUTIVE COMMITTEE OF THE BOARD. THE EXECUTIVE COMMITTEE OF THE BOARD REVIEWS AND DETERMINES BONUS PAYMENTS. SUSPENSION OF QUALIFIED RETIREMENT PLAN: THE COLLEGE SUSPENDED CONTRIBUTIONS AS OF JULY 2020 TO THE DEFINED CONTRIBUTION PLAN.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(C)(3) · LAND USE · MA
Directly controlled by GORDON COLLEGE
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
CHARITABLE REMAINDER TRUSTS(4)
T · CHARITABLE GIFT · MA · controlled entity
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202401359349307840
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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