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Nonprofiteer
← STEPHENS COLLEGE

Form 990 for tax year 2022

Filed by STEPHENS COLLEGE.

Totals

Total revenue
$22,350,691
Total expenses
$30,621,424
Contributions and grants received
$5,639,895
Grants paid
$5,592,574
Program service revenue
$17,626,759
Investment income
-$958,283
Other revenue
$42,320
Total assets, end of year
$99,747,006
Total liabilities, end of year
$15,681,209
Net assets or fund balances, end of year
$84,065,797
Program services expenses (Part IX)
$24,634,621
Management and general expenses
$5,222,540
Fundraising expenses
$764,263
Program service expenses (Part III)
$24,634,621

Program services were 80.4% 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.

  • 1e · Government grants (contributions)

    $134,495

  • 1f · All other contributions, gifts and grants

    $5,505,400

  • 1g · Noncash contributions included above

    $245,892

  • 2a · Program service revenue: TUITION AND FEES

    total $13,508,175 · related or exempt $13,508,175

  • 2b · Program service revenue: RESIDENCE HALL FEES

    total $1,869,020 · related or exempt $1,869,020

  • 2c · Program service revenue: FOOD SERVICE INCOME

    total $1,023,273 · related or exempt $1,023,273

  • 2d · Program service revenue: OTHER PROGRAM RELATED

    total $789,334 · related or exempt $789,334

  • 2e · Program service revenue: SALES AND SERVICES OF EDUCATIONAL

    total $387,079 · related or exempt $387,079

  • 2f · All other program service revenue

    total $49,878 · related or exempt $49,878

  • 3 · Investment income

    total $1,329,600 · excluded $1,329,600

  • 5 · Royalties

    total $42,320 · excluded $42,320

  • 7a · Gross sales of assets other than inventory

    securities $4,169,542 · other assets $8,623

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

    securities $6,466,048 · other assets $0

  • 7c · Gain or loss

    securities -$2,296,506 · other assets $8,623

  • 7d · Net gain or loss

    total -$2,287,883 · excluded -$2,287,883

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $5,592,574 · program services $5,592,574

  • 5 · Compensation of officers, directors and key employees

    total $1,918,824 · program services $641,113 · management and general $1,277,711

  • 7 · Other salaries and wages

    total $9,416,622 · program services $6,572,769 · management and general $2,418,843 · fundraising $425,010

  • 9 · Other employee benefits

    total $1,290,133 · program services $1,117,576 · management and general $101,120 · fundraising $71,437

  • 11b · Fees: legal

    total $26,047 · management and general $26,047

  • 11c · Fees: accounting

    total $115,254 · management and general $115,254

  • 11f · Fees: investment management

    total $115,805 · management and general $115,805

  • 11g · Fees: other

    total $3,337,419 · program services $2,223,449 · management and general $1,075,328 · fundraising $38,642

  • 12 · Advertising and promotion

    total $491,287 · program services $101,917 · management and general $389,370

  • 13 · Office expenses

    total $1,369,877 · program services $550,159 · management and general $761,302 · fundraising $58,416

  • 16 · Occupancy

    total $1,280,666 · program services $56,567 · management and general $1,224,099

  • 17 · Travel

    total $246,597 · program services $164,136 · management and general $34,787 · fundraising $47,674

  • 20 · Interest

    total $449,158 · program services $449,158

  • 22 · Depreciation, depletion and amortization

    total $2,436,840 · program services $2,300,702 · management and general $120,122 · fundraising $16,016

  • 23 · Insurance

    total $793,205 · program services $4,001 · management and general $789,204

  • 24a · Other expenses: OTHER EXPENSES

    total $1,709,468 · program services $781,037 · management and general $849,783 · fundraising $78,648

  • 24b · Other expenses: NON-CAPITAL EQUIPMENT

    total $17,359 · program services $739 · management and general $16,620

  • 24c · Other expenses: MUSIC PROGRAMMING

    total $14,289 · program services $14,289

  • 24d · Other expenses: PLANT ALLOCATION

    total $0 · program services $4,064,435 · management and general -$4,092,855 · fundraising $28,420

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,443,489 · end of year $647,199

  • 2 · Savings and temporary cash investments

    beginning of year $12,585,641 · end of year $8,913,568

  • 3 · Pledges and grants receivable

    beginning of year $9,895,976 · end of year $7,272,752

  • 4 · Accounts receivable

    beginning of year $3,515,076 · end of year $3,633,724

  • 8 · Inventories for sale or use

    beginning of year $14,286 · end of year $27,617

  • 9 · Prepaid expenses and deferred charges

    beginning of year $397,300 · end of year $288,684

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

    $79,504,908

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

    $50,170,373

  • 10c · Land, buildings and equipment, net

    beginning of year $27,538,503 · end of year $29,334,535

  • 11 · Investments: publicly traded securities

    beginning of year $45,788,918 · end of year $48,724,382

  • 12 · Investments: other securities

    beginning of year $457,438 · end of year $185,101

  • 13 · Investments: program-related

    beginning of year $600,334 · end of year $582,689

  • 15 · Other assets

    beginning of year $128,026 · end of year $136,755

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,538,996 · end of year $1,867,378

  • 18 · Grants payable

    beginning of year $547,358 · end of year $490,383

  • 19 · Deferred revenue

    beginning of year $817,763 · end of year $857,972

  • 20 · Tax-exempt bond liabilities

    beginning of year $6,431,635 · end of year $6,261,795

  • 25 · Other liabilities

    beginning of year $6,120,478 · end of year $6,203,681

  • 27 · Net assets without donor restrictions

    beginning of year $20,402,303 · end of year $18,592,974

  • 28 · Net assets with donor restrictions

    beginning of year $65,506,454 · end of year $65,472,823

Mission and programs · 2022

Mission

HISTORICALLY COMMITTED TO MEETING THE CHANGING NEEDS OF WOMEN, STEPHENS COLLEGE ENGAGES STUDENTS IN AN INNOVATIVE EDUCATIONAL EXPERIENCE FOCUSED ON PRE-PROFESSIONAL FIELDS AND THE PERFORMING ARTS AND GROUNDED IN THE LIBERAL ARTS. GRADUATES OF STEPHENS ARE CAREER-READY WOMEN OF DISTINCTION, CONNECTED THROUGH A SUPPORTIVE NETWORK OF ALUMNAE ACROSS THE WORLD, CONFIDENT IN THEMSELVES, AND INSPIRED BY OUR TRADITION OF THE TEN IDEALS AS CORE VALUES THAT ENRICH WOMEN'S LIVES.

Activities or mission (Part I)

PROVIDE TRADITIONAL AND NONTRADITIONAL STUDENTS OPPORTUNITIES TO EARN UNDERGRADUATE AND GRADUATE DEGREES.

  • INSTRUCTION & RELATED EDUCATIONAL AND GENERAL EXPENSES OF APPROXIMATELY 700 STUDENTS.

    Expenses $24,634,621 · Grants $5,592,574 · Revenue $17,626,759

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

Listed in Part VII

  • Ellen Vollrath

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Valerie Shaw

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Gayle Bentsen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • John Sebree

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Sara Crosby

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Vice Admiral Nancy E Brown

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Greg Flaker

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Angeleigha Mendez

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • M Anne Murphy

    CHAIR OF THE BOARD

    Total calculated
    $0
    Hours/week
    1
  • Anita Parran

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Tom Richards

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Vicki Russell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Rajah Maples-Wallace

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Dylan Shelofsky

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Silissa Uriarte-Smith

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Michael Quevli

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Mary Ann Sprinkle

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Laura Gross

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Shatenita Whitfield Horton

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Kay Nadel

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Leigh Anne Preston

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Ana Xiemenes

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Jennifer Wilder

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Erica Rikki Menn

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Stacy Peters

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Dianne Lynch

    PRESIDENT

    Total calculated
    $1,066,407
    From this org
    $920,144
    From related orgs
    $0
    Other
    $146,263
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $508,497
    Bonus
    $0
    Other
    $411,647
    Deferred
    $120,520
    Nontaxable benefits
    $25,743
    Filer's total
    $1,066,407
  • Laura Leigh Nunnelly

    VP FOR STUDENT DEVELOPMENT

    Total calculated
    $142,068
    From this org
    $127,714
    From related orgs
    $0
    Other
    $14,354
    Hours/week
    40
  • Leslie Willey

    VP FOR ACADEMIC AFFAIRS

    Total calculated
    $174,515
    From this org
    $159,153
    From related orgs
    $0
    Other
    $15,362
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,153
    Bonus
    $0
    Other
    $0
    Deferred
    $5,740
    Nontaxable benefits
    $9,622
    Filer's total
    $174,515
  • Gina Sholtis

    VP FOR ENGAGEMENT

    Total calculated
    $176,630
    From this org
    $169,006
    From related orgs
    $0
    Other
    $7,624
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,006
    Bonus
    $0
    Other
    $0
    Deferred
    $5,933
    Nontaxable benefits
    $1,691
    Filer's total
    $176,630
  • Dane Fuhrman

    VP FOR FINANCE ADMINISTRAT

    Total calculated
    $187,985
    From this org
    $161,948
    From related orgs
    $0
    Other
    $26,037
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,948
    Bonus
    $0
    Other
    $0
    Deferred
    $6,077
    Nontaxable benefits
    $19,960
    Filer's total
    $187,985
  • Derrell Lamont Carter

    VP FOR ENROLLMENT MANAGEMENT/MARKETING

    Total calculated
    $180,441
    From this org
    $174,225
    From related orgs
    $0
    Other
    $6,216
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $174,225
    Bonus
    $0
    Other
    $0
    Deferred
    $6,171
    Nontaxable benefits
    $45
    Filer's total
    $180,441
  • Daniel Brian Kissinger

    DIRECTOR OF COUNSELING

    Total calculated
    $141,681
    From this org
    $131,134
    From related orgs
    $0
    Other
    $10,547
    Hours/week
    40
  • Noreen Marie Houck

    FOUNDING DIRECTOR OF NURSING

    Total calculated
    $179,082
    From this org
    $149,570
    From related orgs
    $0
    Other
    $29,512
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,570
    Bonus
    $0
    Other
    $0
    Deferred
    $5,783
    Nontaxable benefits
    $23,729
    Filer's total
    $179,082
  • Megan Renee Blakemore

    DIRECTOR OF PA PROGRAM

    Total calculated
    $119,839
    From this org
    $115,765
    From related orgs
    $0
    Other
    $4,074
    Hours/week
    40

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 · Tax indemnification and gross-up payments
  • 1a · Discretionary spending account
  • 1a · Housing allowance or residence for personal use
  • 1a · Personal services (maid, chauffeur, chef)
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Written employment contract
  • 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 1A
DISCRETIONARY SPENDING ACCOUNT: THE DISCRETIONARY SPENDING ACCOUNT IS FOR COLLEGE EXPENSES AND ONLY FOR DONATIONS RECEIVED THAT ARE RESTRICTED TO THE PRESIDENTIAL DISCRETIONARY ACCOUNT. THE PRESIDENT IS PROVIDED WITH A HOUSE ON CAMPUS WHERE RECEPTIONS, MEETINGS, AND EVENTS ARE HELD. A HOUSEKEEPER IS ALSO PROVIDED TO ENSURE THE HOUSE IS KEPT CLEAN.
PART I, LINE 4B
DIANNE LYNCH RECEIVED $397,319 IN A 457(F) PAYOUT, WHICH IS CONSIDERED A NON-QUALIFIED RETIREMENT 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.

Provenance

Return type
form_990
Tax year
2022
Filed
6 May 2024
IRS schema version
2022v5.0
Source object
202401309349303030

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