Form 990 for tax year 2023

Filed by GOSHEN COLLEGE INC.

Totals

Total revenue: $53,550,947
Total expenses: $51,596,607
Contributions and grants received: $17,171,431
Grants paid: $16,261,320
Program service revenue: $31,978,945
Investment income: $3,916,464
Other revenue: $484,107
Total assets, end of year: $219,603,612
Total liabilities, end of year: $20,852,921
Net assets or fund balances, end of year: $198,750,691
Program services expenses (Part IX): $45,109,159
Management and general expenses: $5,973,224
Fundraising expenses: $514,224
Program service expenses (Part III): $45,109,159

Program services were 87.4% 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.

1a · Federated campaigns

$0
1b · Membership dues

$0
1c · Fundraising events

$20,122
1d · Related organizations

$0
1e · Government grants (contributions)

$4,901,704
1f · All other contributions, gifts and grants

$12,249,605
1g · Noncash contributions included above

$326,103
2a · Program service revenue: Tuition and Fees

total $26,684,304 · related or exempt $26,684,304 · unrelated business $0 · excluded $0
2b · Program service revenue: Auxiliary Enterprises

total $4,266,717 · related or exempt $4,266,717 · unrelated business $0 · excluded $0
2c · Program service revenue: Performing arts and music center

total $466,267 · related or exempt $466,267 · unrelated business $0 · excluded $0
2d · Program service revenue: Merry Lea Environmental Learning Center

total $441,234 · related or exempt $441,234 · unrelated business $0 · excluded $0
2e · Program service revenue: Educational Trips and Athletics

total $112,871 · related or exempt $112,871 · unrelated business $0 · excluded $0
2f · All other program service revenue

total $7,552 · related or exempt $7,552 · unrelated business $0 · excluded $0
3 · Investment income

total $367,860 · related or exempt $0 · unrelated business $0 · excluded $367,860
4 · Income from investment of tax-exempt bond proceeds

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
5 · Royalties

total $19,478 · related or exempt $0 · unrelated business $0 · excluded $19,478
6a · Gross rents

real property $87,520 · personal property $0
6b · Less rental expenses

real property $0 · personal property $0
6c · Rental income or loss

real property $87,520 · personal property $0
6d · Net rental income or loss

total $87,520 · related or exempt $0 · unrelated business $0 · excluded $87,520
7a · Gross sales of assets other than inventory

securities $6,360,818 · other assets $0
7b · Less cost or other basis and sales expenses

securities $2,807,545 · other assets $4,669
7c · Gain or loss

securities $3,553,273 · other assets -$4,669
7d · Net gain or loss

total $3,548,604 · related or exempt $0 · unrelated business $0 · excluded $3,548,604
8a · Fundraising events: gross income

$8,515
8a · Fundraising events: contributions included on line 1c

$20,122
8b · Fundraising events: direct expenses

$8,722
8c · Net income from fundraising events

total -$207 · unrelated business $0 · excluded -$207
9a · Gaming: gross income

$0
9b · Gaming: direct expenses

$0
9c · Net income from gaming

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
10a · Gross sales of inventory

$0
10b · Cost of goods sold

$0
10c · Net income from sales of inventory

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11a · Other revenue: Rec-Fitness Center

total $25,773 · related or exempt $0 · unrelated business $25,773 · excluded $0
11b · Other revenue: IL Farmland

total $185,086 · related or exempt $0 · unrelated business $185,086 · excluded $0
11c · Other revenue: 5Core Media

total $16,968 · related or exempt $0 · unrelated business $0 · excluded $16,968
11d · All other revenue

total $149,489 · related or exempt $0 · unrelated business $0 · excluded $149,489
11e · Other revenue, total

$377,316

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $0 · program services $0
2 · Grants to domestic individuals

total $16,261,320 · program services $16,261,320
3 · Grants to foreign organizations and individuals

total $0 · program services $0
4 · Benefits paid to or for members

total $0 · program services $0
5 · Compensation of officers, directors and key employees

total $543,501 · program services $0 · management and general $376,903 · fundraising $166,598
6 · Compensation of disqualified persons

total $0 · program services $0 · management and general $0 · fundraising $0
7 · Other salaries and wages

total $15,011,500 · program services $12,611,659 · management and general $2,316,239 · fundraising $83,602
8 · Pension plan contributions

total $296,698 · program services $252,233 · management and general $44,465 · fundraising $0
9 · Other employee benefits

total $2,455,109 · program services $2,056,087 · management and general $399,022 · fundraising $0
10 · Payroll taxes

total $1,173,443 · program services $964,792 · management and general $208,651 · fundraising $0
11a · Fees: management

total $0 · program services $0 · management and general $0 · fundraising $0
11b · Fees: legal

total $21,743 · program services $10,061 · management and general $11,682 · fundraising $0
11c · Fees: accounting

total $80,563 · program services $0 · management and general $80,563 · fundraising $0
11d · Fees: lobbying

total $0 · program services $0 · management and general $0 · fundraising $0
11e · Fees: professional fundraising services

total $0 · fundraising $0
11f · Fees: investment management

total $20,000 · program services $0 · management and general $20,000 · fundraising $0
11g · Fees: other

total $2,111,495 · program services $1,602,160 · management and general $438,075 · fundraising $71,260
12 · Advertising and promotion

total $820,597 · program services $776,894 · management and general $42,197 · fundraising $1,506
13 · Office expenses

total $1,760,410 · program services $1,476,901 · management and general $233,330 · fundraising $50,179
14 · Information technology

total $0 · program services $0 · management and general $0 · fundraising $0
15 · Royalties

total $0 · program services $0 · management and general $0 · fundraising $0
16 · Occupancy

total $1,177,649 · program services $1,167,846 · management and general $9,803 · fundraising $0
17 · Travel

total $930,660 · program services $774,864 · management and general $115,321 · fundraising $40,475
18 · Travel or entertainment for public officials

total $0 · program services $0 · management and general $0 · fundraising $0
19 · Conferences, conventions and meetings

total $65,149 · program services $38,722 · management and general $26,427 · fundraising $0
20 · Interest

total $563,604 · program services $563,604 · management and general $0 · fundraising $0
21 · Payments to affiliates

total $0 · program services $0 · management and general $0 · fundraising $0
22 · Depreciation, depletion and amortization

total $2,593,188 · program services $2,285,593 · management and general $224,986 · fundraising $82,609
23 · Insurance

total $202,067 · program services $105,489 · management and general $96,578 · fundraising $0
24a · Other expenses: Equipment & Maintenance

total $2,796,372 · program services $1,632,493 · management and general $1,156,951 · fundraising $6,928
24b · Other expenses: Merry Lea Learning Center

total $1,770,778 · program services $1,770,778 · management and general $0 · fundraising $0
24c · Other expenses: Entertainment Expenses

total $136,642 · program services $45,976 · management and general $80,074 · fundraising $10,592
24d · Other expenses: Books and Periodicals

total $225,506 · program services $224,835 · management and general $671 · fundraising $0
24e · All other expenses

total $578,613 · program services $486,852 · management and general $91,286 · fundraising $475

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $6,427 · end of year $4,775
2 · Savings and temporary cash investments

beginning of year $12,368,080 · end of year $4,708,673
3 · Pledges and grants receivable

beginning of year $5,859,165 · end of year $7,398,271
4 · Accounts receivable

beginning of year $1,702,344 · end of year $1,551,238
5 · Loans and receivables from officers and key people

beginning of year $0 · end of year $0
6 · Loans and receivables from disqualified persons

beginning of year $0 · end of year $0
7 · Other notes and loans receivable

beginning of year $0 · end of year $0
8 · Inventories for sale or use

beginning of year $0 · end of year $0
9 · Prepaid expenses and deferred charges

beginning of year $649,199 · end of year $1,066,024
10a · Land, buildings and equipment: cost or other basis

$118,325,654
10b · Land, buildings and equipment: accumulated depreciation

$64,153,955
10c · Land, buildings and equipment, net

beginning of year $46,216,226 · end of year $54,171,699
11 · Investments: publicly traded securities

beginning of year $4,904,829 · end of year $4,743,716
12 · Investments: other securities

beginning of year $129,083,170 · end of year $140,335,337
13 · Investments: program-related

beginning of year $4,327,781 · end of year $3,869,229
14 · Intangible assets

beginning of year $0 · end of year $0
15 · Other assets

beginning of year $2,070,816 · end of year $1,754,650
17 · Accounts payable and accrued expenses

beginning of year $1,926,313 · end of year $4,099,101
18 · Grants payable

beginning of year $0 · end of year $0
19 · Deferred revenue

beginning of year $0 · end of year $0
20 · Tax-exempt bond liabilities

beginning of year $0 · end of year $0
21 · Escrow or custodial account liability

beginning of year $0 · end of year $0
22 · Loans and payables to officers and key people

beginning of year $0 · end of year $0
23 · Secured mortgages and notes payable

beginning of year $15,603,611 · end of year $14,403,333
24 · Unsecured notes and loans payable

beginning of year $0 · end of year $0
25 · Other liabilities

beginning of year $3,069,306 · end of year $2,350,487
27 · Net assets without donor restrictions

beginning of year $42,921,152 · end of year $47,887,157
28 · Net assets with donor restrictions

beginning of year $143,667,655 · end of year $150,863,534
29 · Capital stock, trust principal or current funds

beginning of year $0 · end of year $0
30 · Paid-in or capital surplus, or land, building or equipment fund

beginning of year $0 · end of year $0
31 · Retained earnings, endowment or other funds

beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

Goshen College transforms local and global communities through courageous, creative and compassionate leaders. Shaped by Anabaptist-Mennonite tradition, we integrate academic excellence and real-world experience with active love for God and neighbor.

Activities or mission (Part I)

Goshen College will cultivate joy, growth and purpose, preparing students to thrive in life, leadership and service. Continued on Schedule O.

GOSHEN COLLEGE, INC. IS A NATIONALLY-RECOGNIZED LIBERAL ARTS COLLEGE IN NORTHERN INDIANA KNOWN FOR LEADERSHIP IN INTERCULTURAL AND INTERNATIONAL EDUCATION, SUSTAINABILITY AND SOCIAL JUSTICE. THE COLLEGE OFFERS BACHELOR'S DEGREES IN OVER 60 MAJORS AND MINORS, AS WELL AS SELECT GRADUATE DEGREES. THE COLLEGE ENROLLS APPROXIMATELY 695 STUDENTS AND IS RECOGNIZED FOR ITS INNOVATIVE, LIFE-CHANGING STUDY ABROAD PROGRAM (STUDY-SERVICE TERM) AND EXCEPTIONAL EDUCATIONAL VALUE. ROOTED IN THE HISTORICALLY PEACEFUL MENNONITE CHURCH, THE COLLEGE'S CHRIST-CENTERED MISSION PRODUCES PASSIONATE LEARNERS, COMPASSIONATE PEACEMAKERS, GLOBAL CITIZENS AND SERVANT LEADERS.

Expenses $43,338,381 · Grants $16,261,320 · Revenue $31,537,711
THE RESOURCES OF LAND AND PEOPLE AT THE MERRY LEA ENVIRONMENTAL LEARNING CENTER OF GOSHEN COLLEGE (MERRY LEA) ARE DEDICATED TO: PROVIDING A NATURAL SANCTUARY FOR NORTHERN INDIANA'S PLANTS AND ANIMALS; PROVIDING ENVIRONMENTAL EDUCATION FOR PEOPLE OF ALL AGES; AND PROVIDING A SETTING FOR RE-CREATING OPPORTUNITIES THAT BENEFIT THE HUMAN BODY AND SPIRIT WHILE NOT EXPLOITING THE LAND OR EXCESSIVELY DISTURBING ITS ECOSYSTEMS. GOSHEN COLLEGE AT MERRY LEA IS COMMITTED TO THE DEVELOPMENT OF A MULTIFACETED ENVIRONMENTAL PROGRAM THAT TEACHES ABOUT CHRISTIAN STEWARDSHIP OF NATURAL AND HUMAN RESOURCES. (continued on schedule O)

Expenses $1,770,778 · Revenue $441,234

As filed on the 2023 return.

Listed in Part VII

Bruce Stahly

Chair

Total calculated

$0

Hours/week

1
Joy Sutter

Vice Chair

Total calculated

$0

Hours/week

1
Susan Fisher Miller

Secretary

Total calculated

$0

Hours/week

1
Aaron Zou

Director

Total calculated

$0

Hours/week

1
Bart Miller

Director

Total calculated

$0

Hours/week

1
Dan Nussbaum

Director

Total calculated

$0

Hours/week

1
David Gautsche

Director

Total calculated

$0

Hours/week

1
Gerry Horst

Director

Total calculated

$0

Hours/week

1
Katie Villegas

Director

Total calculated

$0

Hours/week

1
Kelly Hartzler

Director

Total calculated

$0

Hours/week

1
Ken Edwards

Director

Total calculated

$0

Hours/week

1
Kevin Deary

Director

Total calculated

$0

Hours/week

1
Susan Lehman

Director

Total calculated

$0

Hours/week

1
Tonya Miller

Director

Total calculated

$0

Hours/week

1
Benjamin Bontrager

VP for Finance & Operations, Treasurer

Total calculated

$169,358

From this org

$153,499

From related orgs

$0

Other

$15,859

Hours/week

65

Schedule J breakdown matched by us

Base

$153,439

Bonus

$0

Other

$60

Deferred

$0

Nontaxable benefits

$15,859

Filer's total

$169,358
Rebecca Stoltzfus

President

Total calculated

$283,126

From this org

$256,337

From related orgs

$0

Other

$26,789

Hours/week

65

Schedule J breakdown matched by us

Base

$214,302

Bonus

$0

Other

$42,035

Deferred

$9,998

Nontaxable benefits

$16,791

Filer's total

$283,126
Ann Vendrely

VP for Academic Affairs & Academic Dean

Total calculated

$160,689

From this org

$143,963

From related orgs

$0

Other

$16,726

Hours/week

65

Schedule J breakdown matched by us

Base

$143,567

Bonus

$0

Other

$396

Deferred

$5,743

Nontaxable benefits

$10,983

Filer's total

$160,689
Todd Yoder

VP for Institutional Advancement - Until June 30, 2024

Total calculated

$138,810

From this org

$115,670

From related orgs

$0

Other

$23,140

Hours/week

65

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 · Housing allowance or residence for personal use
1b · Written policy on the line-1a expenses
2 · Substantiation required before reimbursing expenses
3 · Compensation survey or study
3 · Approval by the board or compensation committee

Answered no

4a · Severance or change-of-control payment
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
7 · Other non-fixed payments
8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Housing allowance or residence for personal use: The College's President has a housing stipend which is included in her Form W-2 as taxable compensation.

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.

Provenance

Return type: form_990
Tax year: 2023
Filed: 13 May 2025
IRS schema version: 2023v6.0
Source object: 202521339349305667

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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