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Nonprofiteer
← MCPHERSON COLLEGE

Form 990 for tax year 2022

Filed by MCPHERSON COLLEGE.

Totals

Total revenue
$690,642,604
Total expenses
$43,945,126
Contributions and grants received
$656,597,441
Grants paid
$17,304,660
Program service revenue
$31,826,635
Investment income
$1,904,507
Other revenue
$314,021
Total assets, end of year
$763,540,173
Total liabilities, end of year
$18,322,188
Net assets or fund balances, end of year
$745,217,985
Program services expenses (Part IX)
$37,237,342
Management and general expenses
$5,000,048
Fundraising expenses
$1,707,736
Program service expenses (Part III)
$37,237,342

Program services were 84.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • MICHAEL SCHNEIDER

    COLLEGE PRES

    Total calculated
    $382,658
    From this org
    $336,952
    From related orgs
    $0
    Other
    $45,706
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $274,856
    Bonus
    not reported
    Other
    $62,096
    Deferred
    $30,500
    Nontaxable benefits
    $15,206
    Filer's total
    $382,658
  • AMANDA GUTIERREZ

    PROVOST/EXEC

    Total calculated
    $157,731
    From this org
    $128,955
    From related orgs
    $0
    Other
    $28,776
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $128,955
    Bonus
    not reported
    Other
    not reported
    Deferred
    $13,570
    Nontaxable benefits
    $15,206
    Filer's total
    $157,731
  • RICHARD TUXHORN

    DIR OF ENDOW

    Total calculated
    $126,255
    From this org
    $114,660
    From related orgs
    $0
    Other
    $11,595
    Hours/week
    50
  • ERIK VOGEL

    VP FOR ADVAN

    Total calculated
    $140,183
    From this org
    $113,298
    From related orgs
    $0
    Other
    $26,885
    Hours/week
    50
  • SHANA MEYER

    VP FOR STUDE

    Total calculated
    $131,126
    From this org
    $114,095
    From related orgs
    $0
    Other
    $17,031
    Hours/week
    50
  • ABBEY ARCHER-RIERSON

    CHIEF OF STA

    Total calculated
    $122,905
    From this org
    $102,062
    From related orgs
    $0
    Other
    $20,843
    Hours/week
    50
  • CAROL SUMMERVILL

    VP FOR FINAN

    Total calculated
    $116,037
    From this org
    $105,488
    From related orgs
    $0
    Other
    $10,549
    Hours/week
    50
  • KERRI KOBBEMAN

    CHAIR

    Total calculated
    $0
    Hours/week
    3
  • DARYL BEAM

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    3
  • LAUREL GILLISPIE

    SECRETARY

    Total calculated
    $0
    Hours/week
    3
  • JOHN HOLTHUS

    TREASURER

    Total calculated
    $0
    Hours/week
    3
  • PAULA VINCENT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • CAROLYN COON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • JULIE HUBER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • RICK DOLL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • NICK GRIGGS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • DENNIS HOUGHTON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • KATHY MELHORN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • MARTY WARD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • MODENA WILSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • ERICA ALVAREZ-STANTON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • MYRON STINE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • CRAIG LITTLE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • SHARHONDA MACLIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • RONDA NEHER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • CRAIG HOLMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • RANDEE KOGER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • JIM LOVING

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • RICHARD LUNDQUIST

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • STEPHANIE REITZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • LES SHENEFELT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • PAM TUCKER

    TRUSTEE

    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. 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
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Written employment contract
  • 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, PAGE 1, PART I, LINE 1A
UNDER IRC SECT 199(A)THE VALUE OF LODGING PROVIDED IN-KIND TO AN EMPLOYEE (THE PRESIDENT) FOR THE CONVENIENCE OF THE EMPLOYER IS EXCLUDABLE FROM GROSS INCOME IF THE EMPLOYEE IS REQUIRED TO ACCEPT SUCH LODGING ON THE BUSINESS PREMISES OF THE EMPLOYER AS A CONDITION OF EMPLOYMENT. THE COLLEGE REQUIRES AND FURNISHES A HOME FOR THE PRESIDENT'S USE AS A CONDITION OF HIS EMPLOYMENT. THE PRESIDENT IS TO USE THE HOME TO ENTERTAIN OR HOLD MEETINGS FOR BOARD MEMBERS, VARIOUS COLLEGE EMPLOYEES, POTENTIAL DONORS, AND STUDENTS. THIS IS A SCHOOL POLICY AND IS PART OF HIS EMPLOYMENT CONTRACT. THE PRESIDENT HAS USED THE RESIDENCE EXTENSIVELY FOR COLLEGE BUSINESS. HE HAS AN OFFICE IN THE HOUSE SOLELY DESIGNATED FOR COLLEGE WORK THAT HE USES EACH DAY AND ON WEEKENDS. THE PRESIDENT ENTERTAINS THE TRUSTEES WHICH DROP BY CONTINUOUSLY THROUGHOUT THE YEAR. THE PRESIDENT WILL HOLD CABINET MEETINGS AT THE HOUSE PERIODICALLY. MEETINGS WITH COMMUNITY OFFICIALS OCCUR FREQUENTLY AT THE HOUSE. THE PRESIDENT MEETS POTENTIAL AND LONG-TIME DONORS AT HIS HOME SEVERAL TIMES A MONTH TO SECURE CONTRIBUTIONS FOR THE COLLEGE. HE HOLDS A FRESHMAN SEMINAR CLASS AT THE HOME SEVERAL TIMES A MONTH. THE PRESIDENT HAS ALSO ALLOWED STUDENTS TO STAY AT THE HOUSE FOR SHORT STAYS WHEN NEEDED. HIS HOME IS ALWAYS OPEN TO STUDENTS TO DROP BY AND VISIT. THE PRESIDENT PERFORMS A MEANINGFUL PORTION OF HIS DUTIES AT HIS HOME. THE COLLEGE PAYS FOR THE PRESIDENT'S ANNUAL MEMBERSHIP TO THE MCPHERSON COUNTRY CLUB. THIS AMOUNT IS TREATED AS TAXABLE TO THE PRESIDENT AND INCLUDED IN WAGES.

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
23 February 2024
IRS schema version
2022v5.0
Source object
202421359349311242

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

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