Skip to content
Nonprofiteer
← GUSTAVUS ADOLPHUS COLLEGE

Form 990 for tax year 2022

Filed by GUSTAVUS ADOLPHUS COLLEGE.

Totals

Total revenue
$150,522,013
Total expenses
$158,584,922
Contributions and grants received
$13,968,306
Grants paid
$63,044,218
Program service revenue
$130,419,658
Investment income
$6,172,543
Other revenue
-$38,494
Total assets, end of year
$540,762,989
Total liabilities, end of year
$89,922,191
Net assets or fund balances, end of year
$450,840,798
Program services expenses (Part IX)
$147,488,602
Management and general expenses
$7,326,718
Fundraising expenses
$3,769,602
Program service expenses (Part III)
$147,488,602

Program services were 93.0% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $800,400

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $2,402,226

  • 1f · All other contributions, gifts and grants

    $10,765,680

  • 1g · Noncash contributions included above

    $1,647,195

  • 2a · Program service revenue: Tuition and Fees

    total $103,690,411 · related or exempt $103,690,411 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Residence Halls

    total $13,658,001 · related or exempt $13,486,903 · unrelated business $171,098 · excluded $0

  • 2c · Program service revenue: Dining Service

    total $7,801,959 · related or exempt $7,104,943 · unrelated business $697,016 · excluded $0

  • 2d · Program service revenue: Book Mark

    total $1,664,572 · related or exempt $1,664,572 · unrelated business $0 · excluded $0

  • 2e · Program service revenue: Athletic Facilities

    total $705,274 · related or exempt $555,304 · unrelated business $149,970 · excluded $0

  • 2f · All other program service revenue

    total $2,899,441 · related or exempt $2,821,175 · unrelated business $78,266 · excluded $0

  • 3 · Investment income

    total $1,760,599 · related or exempt $0 · unrelated business $1,919,191 · excluded -$158,592

  • 4 · Income from investment of tax-exempt bond proceeds

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

  • 5 · Royalties

    total $9,957 · related or exempt $0 · unrelated business $0 · excluded $9,957

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $82,628,487 · other assets $0

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

    securities $78,216,543 · other assets $0

  • 7c · Gain or loss

    securities $4,411,944 · other assets $0

  • 7d · Net gain or loss

    total $4,411,944 · related or exempt $0 · unrelated business $0 · excluded $4,411,944

  • 8a · Fundraising events: gross income

    $174,184

  • 8a · Fundraising events: contributions included on line 1c

    $800,400

  • 8b · Fundraising events: direct expenses

    $297,305

  • 8c · Net income from fundraising events

    total -$123,121 · unrelated business $0 · excluded -$123,121

  • 9a · Gaming: gross income

    $85,680

  • 9b · Gaming: direct expenses

    $11,010

  • 9c · Net income from gaming

    total $74,670 · related or exempt $0 · unrelated business $0 · excluded $74,670

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $65,077 · program services $65,077

  • 2 · Grants to domestic individuals

    total $62,979,141 · program services $62,979,141

  • 5 · Compensation of officers, directors and key employees

    total $988,610 · program services $246,255 · management and general $742,355

  • 6 · Compensation of disqualified persons

    total $97,052 · program services $13,800 · management and general $83,252

  • 7 · Other salaries and wages

    total $40,222,231 · program services $36,391,482 · management and general $1,897,627 · fundraising $1,933,122

  • 8 · Pension plan contributions

    total $2,155,150 · program services $1,862,125 · management and general $161,723 · fundraising $131,302

  • 9 · Other employee benefits

    total $8,407,084 · program services $7,468,416 · management and general $512,683 · fundraising $425,985

  • 10 · Payroll taxes

    total $2,650,550 · program services $2,371,705 · management and general $134,801 · fundraising $144,044

  • 11b · Fees: legal

    total $194,160 · management and general $191,135 · fundraising $3,025

  • 11c · Fees: accounting

    total $122,781 · management and general $122,781

  • 11d · Fees: lobbying

    total $110,711 · management and general $110,711

  • 11e · Fees: professional fundraising services

    total $127,733 · fundraising $127,733

  • 11f · Fees: investment management

    total $840,939 · management and general $840,939

  • 11g · Fees: other

    total $1,918,172 · program services $1,811,374 · management and general $69,605 · fundraising $37,193

  • 12 · Advertising and promotion

    total $1,222,042 · program services $1,222,022 · fundraising $20

  • 13 · Office expenses

    total $763,899 · program services $218,226 · management and general $329,643 · fundraising $216,030

  • 14 · Information technology

    total $1,288,233 · program services $881,580 · management and general $387,028 · fundraising $19,625

  • 16 · Occupancy

    total $5,504,283 · program services $5,370,835 · management and general $110,280 · fundraising $23,168

  • 17 · Travel

    total $1,612,975 · program services $1,421,647 · management and general $64,355 · fundraising $126,973

  • 19 · Conferences, conventions and meetings

    total $110,836 · program services $95,156 · management and general $4,263 · fundraising $11,417

  • 20 · Interest

    total $2,430,941 · program services $2,424,572 · management and general $6,369

  • 22 · Depreciation, depletion and amortization

    total $9,414,488 · program services $9,186,240 · management and general $188,622 · fundraising $39,626

  • 23 · Insurance

    total $1,030,481 · program services $1,005,498 · management and general $20,646 · fundraising $4,337

  • 24a · Other expenses: Dining Service Expenses

    total $3,760,208 · program services $3,760,208 · management and general $0 · fundraising $0

  • 24b · Other expenses: Study Abroad

    total $2,595,073 · program services $2,595,073 · management and general $0 · fundraising $0

  • 24c · Other expenses: Academic Expenses

    total $1,691,053 · program services $1,691,053 · management and general $0 · fundraising $0

  • 24d · Other expenses: Book Mark Expenses

    total $1,400,773 · program services $1,400,773 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $4,880,246 · program services $3,006,344 · management and general $1,347,900 · fundraising $526,002

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $39,177 · end of year $80,719

  • 2 · Savings and temporary cash investments

    beginning of year $36,956,417 · end of year $25,302,448

  • 3 · Pledges and grants receivable

    beginning of year $26,324,309 · end of year $18,192,363

  • 4 · Accounts receivable

    beginning of year $599,400 · end of year $758,648

  • 7 · Other notes and loans receivable

    beginning of year $15,103 · end of year $13,202

  • 8 · Inventories for sale or use

    beginning of year $487,517 · end of year $432,372

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,284,531 · end of year $1,979,160

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

    $323,862,347

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

    $139,721,795

  • 10c · Land, buildings and equipment, net

    beginning of year $187,027,596 · end of year $184,140,552

  • 11 · Investments: publicly traded securities

    beginning of year $124,167,599 · end of year $105,354,285

  • 12 · Investments: other securities

    beginning of year $175,415,804 · end of year $200,505,393

  • 13 · Investments: program-related

    beginning of year $849,869 · end of year $483,133

  • 15 · Other assets

    beginning of year $1,061,019 · end of year $3,520,714

  • 17 · Accounts payable and accrued expenses

    beginning of year $20,796,520 · end of year $14,991,686

  • 19 · Deferred revenue

    beginning of year $2,999,626 · end of year $2,277,375

  • 20 · Tax-exempt bond liabilities

    beginning of year $63,180,627 · end of year $61,792,037

  • 21 · Escrow or custodial account liability

    beginning of year $2,674,549 · end of year $2,481,386

  • 25 · Other liabilities

    beginning of year $9,568,944 · end of year $8,379,707

  • 27 · Net assets without donor restrictions

    beginning of year $178,600,716 · end of year $178,123,598

  • 28 · Net assets with donor restrictions

    beginning of year $277,407,359 · end of year $272,717,200

Mission and programs · 2022

Mission

Gustavus Adolphus College is a church-related, residential liberal arts college firmly rooted in its Swedish and Lutheran heritage. The College offers students of high aspiration and promise a liberal arts education of recognized excellence provided by faculty who embody the highest standards of teaching and scholarship. The College aspires to be a community of persons from diverse backgrounds who respect and affirm the dignity of all people. It is a community where a mature understanding of the Christian faith and lives of service are nurtured and students are encouraged to work toward a just and peaceful world. The purpose of a Gustavus education is to help students attain their full potential as persons, to develop in them a capacity and passion for lifelong learning, and to prepare them for fulfilling lives of leadership and service in society.

Activities or mission (Part I)

Gustavus Adolphus College prepares its students for fulfilling lives of leadership and service and is committed to the core values of excellence, community, justice, service, and faith. It is especially known for strong science, writing, music, athletics, and study abroad programs. The College hosts a chapter of Phi Beta Kappa and is internationally recognized for its annual Nobel Conference sanctioned by The Nobel Foundation in Stockholm, Sweden. The students, faculty, administration, staff and Board of Directors believe in a strong, open community where all citizens play a vital role. Gustavus has consistently produced graduates who lead lives of uncommon purpose and passion, and demonstrate that they make their lives count.

  • Instruction and Academic Support: Gustavus offers 72 majors in 24 academic departments and 13 interdisciplinary programs, with a student-faculty ratio of 11:1. Total FTE enrollment for academic year 2022-2023 was 2,043, with 419 students graduating in May 2023.

    Expenses $110,024,650 · Grants $63,004,218 · Revenue $103,183,235

  • Student Services: Gustavus sponsors 23 varsity athletics teams and 39 intramural activities and club sports, along with more than 120 student organizations. Approximately 99% of students are involved in at least one extracurricular activity. Other student services include admission, community-based service learning, career development, peer mentoring, Office of the Chaplains, center for inclusive excellence, financial assistance, health services, registrar, campus activities and residential life programs.

    Expenses $16,354,556

  • Auxiliary Services: As a residential college, Gustavus is committed to residence hall living as a vital complement to its academic program. Approximately 85% of students live in College-owned residences and eat in the College's Dining Service. During Fall 2022, 1,744 students lived in College-owned residences. The College bookstore provides textbooks and other educational supplies for students. Other items for sale include: clothing embossed with the College's insignia, books and miscellaneous novelty items.

    Expenses $15,182,233 · Revenue $23,124,532

  • Gustavus offers a number of activities that enhance the curricular program, including various public service events and miscellaneous services provided to students.

    Expenses $5,927,163 · Grants $40,000

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

Listed in Part VII

  • Rebecca M Bergman

    President

    Total calculated
    $437,925
    From this org
    $350,210
    From related orgs
    $0
    Other
    $87,715
    Hours/week
    50 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $331,084
    Bonus
    $0
    Other
    $19,126
    Deferred
    $63,011
    Nontaxable benefits
    $24,704
    Filer's total
    $437,925

  • Thomas W Young

    Vice President for Institutional Advancement

    Total calculated
    $258,521
    From this org
    $174,421
    From related orgs
    $0
    Other
    $84,100
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $172,859
    Bonus
    $0
    Other
    $1,562
    Deferred
    $13,196
    Nontaxable benefits
    $70,904
    Filer's total
    $258,521

  • Brenda S Kelly

    Provost and Dean of the College

    Total calculated
    $245,697
    From this org
    $199,765
    From related orgs
    $0
    Other
    $45,932
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $198,926
    Bonus
    $0
    Other
    $839
    Deferred
    $14,745
    Nontaxable benefits
    $31,187
    Filer's total
    $245,697

  • Amy E Seham

    Faculty

    Total calculated
    $239,734
    From this org
    $180,850
    From related orgs
    $0
    Other
    $58,884
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $14,235
    Bonus
    $0
    Other
    $166,615
    Deferred
    $1,137
    Nontaxable benefits
    $57,747
    Filer's total
    $239,734

  • Curtis J Kowaleski

    CFO Vice President of Finance and Treasurer

    Total calculated
    $233,409
    From this org
    $194,250
    From related orgs
    $0
    Other
    $39,159
    Hours/week
    50 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $192,574
    Bonus
    $0
    Other
    $1,676
    Deferred
    $14,237
    Nontaxable benefits
    $24,922
    Filer's total
    $233,409

  • JoNes R VanHecke

    Vice President for Student Life & Dean of Students

    Total calculated
    $183,115
    From this org
    $158,934
    From related orgs
    $0
    Other
    $24,181
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $157,573
    Bonus
    $0
    Other
    $1,361
    Deferred
    $11,393
    Nontaxable benefits
    $12,788
    Filer's total
    $183,115

  • Michele J Rusinko

    Faculty

    Total calculated
    $180,069
    From this org
    $168,231
    From related orgs
    $0
    Other
    $11,838
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $65,177
    Bonus
    $0
    Other
    $103,054
    Deferred
    $4,800
    Nontaxable benefits
    $7,038
    Filer's total
    $180,069

  • Marcia J Bunge

    Faculty

    Total calculated
    $153,728
    From this org
    $140,663
    From related orgs
    $0
    Other
    $13,065
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $138,009
    Bonus
    $0
    Other
    $2,654
    Deferred
    $9,864
    Nontaxable benefits
    $3,201
    Filer's total
    $153,728

  • Jolene D Christensen

    Secretary

    Total calculated
    $101,811
    From this org
    $73,225
    From related orgs
    $0
    Other
    $28,586
    Hours/week
    50

  • Tane T Danger

    Director

    Total calculated
    $2,000
    From this org
    $2,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Scott P Anderson

    Director

    Total calculated
    $0
    Hours/week
    2

  • Catherine L Asta

    Director

    Total calculated
    $0
    Hours/week
    2

  • Grayce Belvedere-Young

    Director

    Total calculated
    $0
    Hours/week
    2

  • Suzanne F Boda

    Director

    Total calculated
    $0
    Hours/week
    2

  • Robert D Brown Jr

    Director

    Total calculated
    $0
    Hours/week
    2

  • Kara K Buckner

    Director

    Total calculated
    $0
    Hours/week
    2

  • Michael D Bussey

    Director

    Total calculated
    $0
    Hours/week
    2

  • Janette F Concepcion

    Director

    Total calculated
    $0
    Hours/week
    2

  • Daniel G Currell

    Director

    Total calculated
    $0
    Hours/week
    2

  • Sarah E Cuthill

    Director

    Total calculated
    $0
    Hours/week
    2

  • Edward J Drenttel

    Director

    Total calculated
    $0
    Hours/week
    2

  • Bruce A Edwards

    Director

    Total calculated
    $0
    Hours/week
    2

  • John O Hallberg

    Director

    Total calculated
    $0
    Hours/week
    2

  • John M Harris

    Director

    Total calculated
    $0
    Hours/week
    2

  • Mary Dee J Hicks

    Director

    Total calculated
    $0
    Hours/week
    2

  • Alicia A Hilding

    Director

    Total calculated
    $0
    Hours/week
    2

  • John S Himle

    Director

    Total calculated
    $0
    Hours/week
    2

  • Keith N Jackson

    Director

    Total calculated
    $0
    Hours/week
    2

  • Peter C Johnson

    Director

    Total calculated
    $0
    Hours/week
    2

  • Charles M Kelley

    Director

    Total calculated
    $0
    Hours/week
    2

  • Paul R Koch

    Director

    Total calculated
    $0
    Hours/week
    2

  • Nicole M LaVoi

    Director

    Total calculated
    $0
    Hours/week
    2

  • Dennis A Lind

    Director

    Total calculated
    $0
    Hours/week
    2

  • Jan Lindman

    Director

    Total calculated
    $0
    Hours/week
    2

  • David J Lose

    Director

    Total calculated
    $0
    Hours/week
    2

  • Gordon D Mansergh

    Director

    Total calculated
    $0
    Hours/week
    2

  • Mikka S McCracken

    Director

    Total calculated
    $0
    Hours/week
    2

  • Janice M Michaletz

    Director

    Total calculated
    $0
    Hours/week
    2

  • Thomas J Mielke

    Director/Vice Chair

    Total calculated
    $0
    Hours/week
    2

  • Bradley S Nuss

    Director/Vice Chair

    Total calculated
    $0
    Hours/week
    2

  • Marcia L Page

    Director/Chair

    Total calculated
    $0
    Hours/week
    2

  • Dee Pederson

    Director

    Total calculated
    $0
    Hours/week
    2

  • Dan S Poffenberger

    Director

    Total calculated
    $0
    Hours/week
    2

  • Robert C Schnell

    Director

    Total calculated
    $0
    Hours/week
    2

  • Karl D Self

    Director/Vice Chair

    Total calculated
    $0
    Hours/week
    2

  • Kent V Stone

    Director

    Total calculated
    $0
    Hours/week
    2

  • Heather T Wigdahl

    Director

    Total calculated
    $0
    Hours/week
    2

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 · Travel for companions
  • 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 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 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
As a condition of the President's employment contract, she is required to reside in the College-owned residence located on the College's campus at the College's expense. The College pays for all maintenance and operating expenses of the house, including, but not limited to, housekeeping, grounds keeping, general maintenance and all utilities. The President's residence is available for College-related business and entertainment on a regular and continuing basis. This benefit is excluded from taxable income pursuant to IRC Section 119(a). The College provided travel for the President's spouse in connection with alumni and fundraising events which totaled approximately $4,500. This amount was not included in the President's taxable income due to the business purpose of the travel.
Schedule J, Part I, Line 4
Line 4a: Rusinko and Seham received severance payments totaling $268,769. Line 4b: The President has a supplemental nonqualified retirement plan that has been approved by the Board of Directors. The terms of this plan are set forth in the written contract of the President that has been signed by the Chair of the Board of Directors and amounted to $39,835 for 2022.

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

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.

  • Greater Gustavus Fund

    501(c)(3) · Fundraising · MN · controlled entity

    Directly controlled by Gustavus Adolphus College

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • Tennis and Life Camps LLC

    Summer Camp · MN · income $1,143,341 · assets $781,358

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Beneficial Interest in Funds Held in Trust (21)

    T · Investment · MN

  • Charitable Remainder Annuity Trust (1)

    T · Investment · MN · controlled entity

  • Charitable Remainder Unitrusts (23)

    T · Investment · MN · controlled entity

  • Pooled Life Income Fund

    T · Investment · MN · controlled entity

Provenance

Return type
form_990
Tax year
2022
Filed
8 April 2024
IRS schema version
2022v5.0
Source object
202431009349301663

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.