Skip to content
Nonprofiteer
← DORSEY COLLEGE HOLDINGS

Form 990 for tax year 2022

Filed by DORSEY COLLEGE HOLDINGS.

Totals

Total revenue
$12,733,590
Total expenses
$12,903,894
Contributions and grants received
$0
Grants paid
$189,643
Program service revenue
$12,609,525
Investment income
$0
Other revenue
$124,065
Total assets, end of year
$45,993,893
Total liabilities, end of year
$46,164,197
Net assets or fund balances, end of year
-$170,304
Program services expenses (Part IX)
$11,078,592
Management and general expenses
$1,825,302
Fundraising expenses
$0
Program service expenses (Part III)
$11,078,592

Program services were 85.9% 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: INSTRUCTION

    total $12,609,525 · related or exempt $12,609,525

  • 11d · All other revenue

    total $124,065 · related or exempt $124,065

  • 11e · Other revenue, total

    $124,065

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $189,643 · program services $189,643

  • 5 · Compensation of officers, directors and key employees

    total $142,250 · program services $40,558 · management and general $101,692

  • 7 · Other salaries and wages

    total $5,091,415 · program services $4,449,957 · management and general $641,458

  • 8 · Pension plan contributions

    total $41,657 · program services $27,782 · management and general $13,875

  • 9 · Other employee benefits

    total $349,406 · program services $291,546 · management and general $57,860

  • 10 · Payroll taxes

    total $494,175 · program services $384,409 · management and general $109,766

  • 11a · Fees: management

    total $105,000 · management and general $105,000

  • 11b · Fees: legal

    total $4,470 · management and general $4,470

  • 11c · Fees: accounting

    total $45,000 · management and general $45,000

  • 12 · Advertising and promotion

    total $1,370,563 · program services $1,370,563

  • 13 · Office expenses

    total $38,385 · program services $35,735 · management and general $2,650

  • 14 · Information technology

    total $239,877 · program services $120,267 · management and general $119,610

  • 16 · Occupancy

    total $1,336,429 · program services $1,274,948 · management and general $61,481

  • 17 · Travel

    total $13,791 · program services $5,520 · management and general $8,271

  • 20 · Interest

    total $399,422 · program services $42,870 · management and general $356,552

  • 22 · Depreciation, depletion and amortization

    total $318,300 · program services $288,300 · management and general $30,000

  • 23 · Insurance

    total $54,640 · management and general $54,640

  • 24a · Other expenses: BAD DEBT

    total $942,056 · program services $942,056

  • 24b · Other expenses: INSTRUCTIONAL EXPENSE

    total $639,685 · program services $638,502 · management and general $1,183

  • 24c · Other expenses: STUDENT SUPPLIES & TEST

    total $596,162 · program services $596,162

  • 24d · Other expenses: RECRUITMENT

    total $148,005 · program services $131,463 · management and general $16,542

  • 24e · All other expenses

    total $343,563 · program services $248,311 · management and general $95,252

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $1,188,736

  • 4 · Accounts receivable

    beginning of year $0 · end of year $647,305

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $2,053,893

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $806,092

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

    $5,459,900

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

    $318,300

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $5,141,600

  • 14 · Intangible assets

    beginning of year $0 · end of year $16,849,996

  • 15 · Other assets

    beginning of year $0 · end of year $19,306,271

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $2,858,291

  • 19 · Deferred revenue

    beginning of year $0 · end of year $2,807,009

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $20,830,220

  • 25 · Other liabilities

    beginning of year $0 · end of year $19,668,677

  • 27 · Net assets without donor restrictions

    beginning of year $0 · end of year -$170,304

Mission and programs · 2022

Mission

DORSEY COLLEGE IS COMMITTED TO PROVIDING QUALITY CAREER EDUCATION AND POSITIVE REINFORCEMENT TO ENABLE THE DEVELOPMENT OF SELF-ESTEEM, SELF-RELIANCE, PROFESSIONALISM AND CONFIDENCE IN ALL STUDENTS COUPLED WITH AN OBLIGATION TO SUPPORT THE DIVERSE COMMUNITIES IN WHICH THEY LIVE AND WORK. DORSEY COLLEGE REMAINS A COMMITTED CAREER TRAINING SCHOOL THAT PREPARES INDIVIDUALS FOR PROMISING CAREER OPPORTUNITIES IN THE NURSING, HEALTHCARE, EMERGENCY MEDICAL SERVICES, CULINARY ARTS, SKILLED TRADES, AND BEAUTY FIELDS.

  • INSTRUCTIONAL - FACULTY, LIBRARY AND CURRICULUM EXPENSE FOR STUDENTS EARNING CERTIFICATE AND ASSOCIATE DEGREES SERVING APPROXIMATELY 2,200 STUDENTS AS OF THE FISCAL YEAR ENDED 6/30/2023. APPROXIMATELY 5,300 STUDENTS WERE SERVED. STUDENT SERVICES - ALONG WITH ADMISSIONS, ACADEMIC SERVICES, AND FINANCIAL AID DEPARTMENTS.

    Expenses $11,078,592 · Grants $189,643 · Revenue $12,733,590

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

Listed in Part VII

  • John Barnes

    PRESIDENT & CEO

    Total calculated
    $0
    Hours/week
    40

  • John Porter

    PRESIDENT (LES)

    Total calculated
    $0
    Hours/week
    40

  • Denise Bock

    CHIEF FINANCIAL OFFICER

    Total calculated
    $0
    Hours/week
    40

  • Mark Falkowski

    GENERAL COUNSEL

    Total calculated
    $0
    Hours/week
    40

  • Donald Tuttle

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Harry Chip Peterson

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Cheryl Matejka

    COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Jo Anna Pollock

    COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Patricia Penkoske

    COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Justin Foust

    COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Lashana Barnes

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Cynthia Frisina

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • John W Hammond

    BOARD MEMBER (THRU 11/22)

    Total calculated
    $0
    Hours/week
    1

  • David Mason

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Doug Mueller

    BOARD MEMBER (THRU 5/23)

    Total calculated
    $0
    Hours/week
    1

  • Jerry Scheidegger

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Gary Shaw

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Laura Taylor

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jimmy Williams

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Hal Gentry

    COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    1

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.

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
11 May 2024
IRS schema version
2022v5.0
Source object
202441349349309469

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.