Skip to content
Nonprofiteer
← FIVE COLLEGES OF OHIO

Form 990 for tax year 2022

Filed by FIVE COLLEGES OF OHIO.

Totals

Total revenue
$1,491,815
Total expenses
$1,564,368
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,473,702
Investment income
$18,113
Other revenue
$0
Total assets, end of year
$1,743,730
Total liabilities, end of year
$261,741
Net assets or fund balances, end of year
$1,481,989
Program services expenses (Part IX)
$1,109,970
Management and general expenses
$454,398
Fundraising expenses
$0
Program service expenses (Part III)
$1,109,970

Program services were 71.0% 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.

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $1,473,702 · related or exempt $1,473,702

  • 3 · Investment income

    total $24,629 · excluded $24,629

  • 7a · Gross sales of assets other than inventory

    securities $153,484

  • 7b · Less cost or other basis and sales expenses

    securities $160,000

  • 7c · Gain or loss

    securities -$6,516

  • 7d · Net gain or loss

    total -$6,516 · excluded -$6,516

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $300,582 · program services $120,079 · management and general $180,503

  • 7 · Other salaries and wages

    total $268,061 · program services $107,087 · management and general $160,974

  • 9 · Other employee benefits

    total $243,133 · program services $193,960 · management and general $49,173

  • 10 · Payroll taxes

    total $43,556 · program services $20,636 · management and general $22,920

  • 11f · Fees: investment management

    total $5,676 · management and general $5,676

  • 11g · Fees: other

    total $28,235 · program services $14,585 · management and general $13,650

  • 13 · Office expenses

    total $4,248 · program services $2,896 · management and general $1,352

  • 14 · Information technology

    total $262,525 · program services $262,525

  • 17 · Travel

    total $17,971 · program services $12,221 · management and general $5,750

  • 22 · Depreciation, depletion and amortization

    total $1,286 · program services $1,286

  • 23 · Insurance

    total $2,699 · management and general $2,699

  • 24a · Other expenses: LIBRARY EXPENSES

    total $271,160 · program services $271,160

  • 24b · Other expenses: FEES & HONORARIA

    total $97,740 · program services $97,740

  • 24e · All other expenses

    total $17,496 · program services $5,795 · management and general $11,701

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $785,106 · end of year $988,454

  • 3 · Pledges and grants receivable

    beginning of year $131,603 · end of year $73,006

  • 4 · Accounts receivable

    beginning of year $146,170

  • 10a · Land, buildings and equipment: cost or other basis

    $469,219

  • 10b · Land, buildings and equipment: accumulated depreciation

    $464,076

  • 10c · Land, buildings and equipment, net

    beginning of year $6,429 · end of year $5,143

  • 11 · Investments: publicly traded securities

    beginning of year $563,746 · end of year $575,803

  • 15 · Other assets

    beginning of year $96,422 · end of year $101,324

  • 17 · Accounts payable and accrued expenses

    beginning of year $173,971 · end of year $261,741

  • 27 · Net assets without donor restrictions

    beginning of year $1,412,619 · end of year $1,368,485

  • 28 · Net assets with donor restrictions

    beginning of year $142,886 · end of year $113,504

Mission and programs · 2022

Mission

THE PURPOSE FOR WHICH THE CORPORATION IS FORMED SHALL BE: - TO PROMOTE THE BROAD EDUCATIONAL AND CULTURAL OBJECTIVES OF THE MEMBERS OF THE CORPORATION BY FOSTERING CLOSER COOPERATION AND UNDERSTANDING. - TO OPERATE AS AN ALLIANCE FOR THE PURPOSE OF COORDINATING OPERATIONAL FUNCTIONS AND ADMINISTRATIVE SERVICES OF THE MEMBERS OF THE CORPORATION. - TO DEVELOP COLLABORATIVE PROGRAMS AND RESOURCE SHARING FOR THE PURPOSE OF ENHANCING QUALITY AND REDUCING INDIVIDUAL AND COLLECTIVE OPERATING AND CAPITAL COSTS.

Activities or mission (Part I)

TO EXPLORE COLLABORATIVE EFFORTS WHICH COULD FURTHER EACH MEMBER-INSTITUTION'S EDUCATIONAL PURPOSES AND ACTIVITIES.

  • THE FIVE MEMBER COLLEGES ARE INVOLVED IN A VARIETY OF COLLABORATIVE PROJECTS THAT ENCOMPASS STRATEGIC PLANNING, SUPPORTING ACADEMIC BEST PRACTICES, EMPLOYMENT OPPORTUNITIES AND PROFESSIONAL DEVELOPMENT, PROVIDING LIBRARY RESOURCES, SERVICES AND STAFF DEVELOPMENT, COORDINATING ENVIRONMENTAL MANAGEMENT EDUCATION AND TRAINING, RESEARCHING SHARED ADMINISTRATIVE, COMPUTING AND OPERATING FUNCTIONS, AND COOPERATING ON RISK MANAGEMENT AND INSURANCE PURCHASES.

    Expenses $1,109,970 · Revenue $1,473,702

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jeffrey A Bowman

    TRUSTEE

    Total calculated
    $322,438
    From this org
    $0
    From related orgs
    $281,911
    Other
    $40,527
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $281,911 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $27,061 related
    Nontaxable benefits
    $0 + $13,466 related
    Filer's total
    $0 + $322,438 related

  • Rockwell Jones

    TRUSTEE

    Total calculated
    $459,492
    From this org
    $0
    From related orgs
    $339,480
    Other
    $120,012
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $339,480 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $77,000 related
    Nontaxable benefits
    $0 + $43,012 related
    Filer's total
    $0 + $459,492 related

  • Wayne Webster

    TRUSTEE

    Total calculated
    $364,827
    From this org
    $0
    From related orgs
    $309,052
    Other
    $55,775
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $308,518 related
    Bonus
    $0
    Other
    $0 + $534 related
    Deferred
    $0 + $28,752 related
    Nontaxable benefits
    $0 + $27,023 related
    Filer's total
    $0 + $364,827 related

  • Adam S Weinberg

    TRUSTEE

    Total calculated
    $1,038,791
    From this org
    $0
    From related orgs
    $692,283
    Other
    $346,508
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $662,967 related
    Bonus
    $0
    Other
    $0 + $29,316 related
    Deferred
    $0 + $313,400 related
    Nontaxable benefits
    $0 + $33,108 related
    Filer's total
    $0 + $1,038,791 related

  • Carmen Twillie Ambar

    TRUSTEE

    Total calculated
    $733,548
    From this org
    $0
    From related orgs
    $546,865
    Other
    $186,683
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $541,483 related
    Bonus
    $0
    Other
    $0 + $5,382 related
    Deferred
    $0 + $154,800 related
    Nontaxable benefits
    $0 + $31,883 related
    Filer's total
    $0 + $733,548 related

  • Lindsey Interlante

    EXECUTIVE DIRECTOR

    Total calculated
    $166,986
    From this org
    $147,544
    From related orgs
    $0
    Other
    $19,442
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,544
    Bonus
    $0
    Other
    $0
    Deferred
    $13,933
    Nontaxable benefits
    $5,509
    Filer's total
    $166,986

  • Sarah Stone

    EXECUTIVE DIRECTOR

    Total calculated
    $133,596
    From this org
    $113,328
    From related orgs
    $0
    Other
    $20,268
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $113,328
    Bonus
    $0
    Other
    $0
    Deferred
    $11,136
    Nontaxable benefits
    $9,132
    Filer's total
    $133,596

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

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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)

PART I, LINE 4B
SUPPLEMENTAL NONQUALIFIED DEFERRED COMPENSATION PLANS - SOME OF THE TRUSTEES, EACH OF WHOM IS THE PRESIDENT OF HIS/HER RESPECTIVE COLLEGE OR UNIVERSITY, ARE PARTICIPANTS IN NONQUALIFIED DEFERRED COMPENSATION PLANS OF THEIR RESPECTIVE INSTITUTIONS. THE FIVE COLLEGES OF OHIO DOES NOT PROVIDE ANY NONQUALIFIED RETIREMENT PLANS TO ITS STAFF OR TRUSTEES.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202431369349305448

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

The source document this was parsed from is served over the API, which is where bulk and document access live.