CORNELL COLLEGE

As filed

Subsection

03

NTEE code

B420

Classification

1000

Street

600 1ST ST SW

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

• INSTRUCTION, ACADEMIC SUPPORT, CONTINUING EDUCATION AND THE LIBRARY:CORNELL COLLEGE, A SELECTIVE LIBERAL ARTS COLLEGE IN MOUNT VERNON, IOWA, IS RECOGNIZED AS ONE OF THE "COLLEGES THAT CHANGE LIVES." THE ACADEMIC IMMERSION OF ITS ONE COURSE AT A TIME CURRICULUM ALLOWS STUDENTS TO FOCUS ON A SINGLE ACADEMIC SUBJECT PER 18-DAY BLOCK. SINCE PROFESSORS ONLY TEACH ONE BLOCK AT A TIME, STUDENTS HAVE MORE ACCESS TO PROFESSORS, AND PROFESSORS CAN TEACH STUDENTS OFF-CAMPUS IN WHATEVER VENUE BEST FITS THE MATERIAL. WITH A STUDENT BODY FROM 45 STATES, PUERTO RICO, AND 24 COUNTRIES OUTSIDE THE US, AND RENOWNED VISITING SPEAKERS, FACULTY, AND ENTERTAINERS, CORNELL OFFERS THE WORLD FROM ITS HILLTOP CAMPUS.

  Expenses $57,447,549 · Grants $39,351,490 · Revenue $56,205,197

• STUDENT AID AND FINANCIAL ASSISTANCE: STUDENTS INVEST IN THEIR EDUCATION AT CORNELL COLLEGE, AND CORNELL INVESTS IN THEIR FUTURES. CORNELL COLLEGE GRADUATES ARE GETTING JOBS AND NOT BURDENED BY DEBT, AS SHOWN BY OUR LOW AVERAGE LOAN DEFAULT RATE. COMPARED TO GRADUATES OF OTHER FOUR-YEAR INSTITUTIONS, CORNELLIANS ARE TWICE AS LIKELY TO HAVE THE MEANS TO PAY OFF STUDENT LOANS. 92% OF CORNELL'S 2025 GRADUATING CLASS COMPLETED THEIR DEGREES IN FOUR YEARS OR LESS. CORNELL'S MEDICAL SCHOOL ACCEPTACE RATE IS 79% FOR FIRST TIME APPLICANTS (2008-2025); THE NATIONAL AVERAGE FOR THOSE YEARS IS 40%. 89% OF OUR TEACHER EDUCATION PROGRAM STUDENTS BECOME CERTIFIED TEACHERS AFTER GRADUATION

  Expenses $12,341,658

• AUXILIARY ENTERPRISES (HOUSING, DINING, STUDENT UNION AND SERVICE CENTER): FOUNDED IN 1853, CORNELL'S PICTURESQUE HILLTOP CAMPUS CONTAINS A MIX OF HISTORIC AND MODERN FACILITIES, RANGING FROM THE MAJESTIC KING CHAPEL TO THE NEWLY RENOVATED THOMAS COMMONS. IT IS LOCATED IN MOUNT VERNON, IOWA-AN URBAN FRINGE COMMUNITY RECOGNIZED BY FROMMER'S AS ONE OF "AMERICA'S COOLEST SMALL TOWNS AND LOCATED IN THE HEART OF IOWA'S CREATIVE CORRIDOR. CORNELL'S HILLTOP CAFE WAS NAMED THE SECOND BEST DINING HALL IN THE NATION BY BESTCOLLEGES.COM IN 2015.

  Expenses $8,753,204 · Revenue $11,899,245

As filed on the 2024 return.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

The first 25 listed. 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. Earlier years are each on their own filing page.

Filings

• 2024

  Revenue

  $87,741,912

  Expenses

  $86,343,392

  Contributions

  $15,641,479

  Grants paid

  $39,351,490

• 2023

  Revenue

  $87,874,205

  Expenses

  $86,294,890

  Contributions

  $12,792,285

  Grants paid

  $36,965,410

• 2022

  Revenue

  $79,829,305

  Expenses

  $83,940,077

  Contributions

  $13,585,343

  Grants paid

  $34,638,867

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

• 2024 · 990-T

  Revenue

  — not reported

  Expenses

  — not reported

  Assets (EOY)

  — not reported

• 2023 · 990-T

  Revenue

  — not reported

  Expenses

  — not reported

  Assets (EOY)

  — not reported

• 2022 · 990-T

  Revenue

  — not reported

  Expenses

  — not reported

  Assets (EOY)

  — not reported

• 2021 · 990

  Revenue

  $83,850,862

  Expenses

  $80,018,230

  Assets (EOY)

  $226,333,007

• 2021 · 990-T

  Revenue

  — not reported

  Expenses

  — not reported

  Assets (EOY)

  — not reported

• 2020 · 990

  Revenue

  $87,743,634

  Expenses

  $68,501,856

  Assets (EOY)

  $232,351,142

• 2020 · 990-T

  Revenue

  — not reported

  Expenses

  — not reported

  Assets (EOY)

  — not reported

• 2019 · 990

  Revenue

  $76,089,428

  Expenses

  $69,015,044

  Assets (EOY)

  $214,513,669

• 2018 · 990

  Revenue

  $65,337,896

  Expenses

  $66,206,115

  Assets (EOY)

  $199,631,191

• 2017 · 990

  Revenue

  $68,348,365

  Expenses

  $62,742,497

  Assets (EOY)

  $202,831,733

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

• MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC

  $333,000

  2024 · UNRESTRICTED GENERAL SUPPORT

• FIDELITY INVESTMENTS CHARITABLE GIFT FUND

  $300,700

  2024 · For grant recipient's exempt purposes

• GREATER CEDAR RAPIDS COMMUNITY FOUNDATION

  $227,545

  2024 · SCHOLARSHIPS FOR FEMALE STUDENTS INTERESTED IN PUBLIC SERVICE, RUSSELL D. COLE LIBRARY, BERRY CENTER, CAPITAL CAMPAIGN, FOOTBALL PROGRAM

• GREATER CEDAR RAPIDS COMMUNITY FOUNDATION

  $225,962

  2023 · GENERAL SUPPORT, GENERAL SUPPORT FOR BERRY CENTER, ANNUAL DESIGNATED DISTRIBUTION, ANNUAL DESIGNATED DISTRIBUTION SUPPORTING SCHOLARSHIP FOR FEMALE STUDENT INTERESTED IN PUBLIC SERVICE, GENERAL SUPPORT, GENERAL SUPPORT: FOR SUPPORT OF THE CORNELL FOOTBALL PROGRAM, GENERAL SUPPORT: SUPPORT OF THE CORNELL STUDENT SPIRITUAL PROGRAMS, CAPITAL CAMPAIGN

• MINNEAPOLIS FOUNDATION

  $225,000

  2022 · DONOR-RECOMMENDED, GENERAL

• GREATER CEDAR RAPIDS COMMUNITY FOUNDATION

  $222,371

  2022 · GENERAL SUPPORT FOR BARRY CENTER, ANNUAL DESIGNATED DISTRIBUTION, ANNUAL DESIGNATED DISTRIBUTION SUPPORTING SCHOLARSHIP FOR FEMALE STUDENT INTERESTED IN PUBLIC SERVICE, GENERAL SUPPORT, CAPITAL CAMPAIGN, GENERAL SUPPORT: FOR WRESTLING PROGRAM - IN MEMORY OF RICHARD SMALL, CLASS OF '50 AND FAITHFUL CORNELLIAN

• FIDELITY INVESTMENTS CHARITABLE GIFT FUND

  $211,672

  2023 · For grant recipient's exempt purposes

• NATIONAL PHILANTHROPIC TR

  $188,264

  2022 · EDUCATION

• NATIONAL PHILANTHROPIC TR

  $188,000

  2024 · EDUCATION

• MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC

  $170,000

  2022 · UNRESTRICTED GENERAL SUPPORT

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Other IRS files