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THE TRUSTEES OF GRINNELL COLLEGE

EIN 42-0680387 GRINNELL, IA

Revenue 2023
$397,436,581
Expenses 2023
$247,771,574

Program services were 88.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
B420
Classification
2000
Street
733 BROAD ST

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).

Officers and directors · 2023

As listed in Part VII of the 2023 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • JAINEN THAYER

    CHIEF INVESTMENT OFFICER

    Total calculated
    $1,106,039
    From this org
    $1,033,208
    From related orgs
    $0
    Other
    $72,831
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $586,253
    Bonus
    $445,939
    Other
    $1,016
    Deferred
    $33,000
    Nontaxable benefits
    $39,831
    Filer's total
    $1,106,039

  • ANNE HARRIS

    PRESIDENT

    Total calculated
    $788,044
    From this org
    $627,118
    From related orgs
    $0
    Other
    $160,926
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $607,313
    Bonus
    $1,500
    Other
    $18,305
    Deferred
    $33,000
    Nontaxable benefits
    $127,926
    Filer's total
    $788,044

  • VALBONA SCHWAB

    DEPUTY CHIEF INVESTMENT OFFICER

    Total calculated
    $680,824
    From this org
    $619,746
    From related orgs
    $0
    Other
    $61,078
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $414,426
    Bonus
    $204,690
    Other
    $630
    Deferred
    $33,000
    Nontaxable benefits
    $28,078
    Filer's total
    $680,824

  • GERMAINE Y GROSS

    VP FINANCE & TREASURER

    Total calculated
    $463,988
    From this org
    $409,550
    From related orgs
    $0
    Other
    $54,438
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $363,447
    Bonus
    $44,564
    Other
    $1,539
    Deferred
    $33,000
    Nontaxable benefits
    $21,438
    Filer's total
    $463,988

  • LACEY F JOHNSON

    MANAGING DIRECTOR

    Total calculated
    $446,716
    From this org
    $401,394
    From related orgs
    $0
    Other
    $45,322
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $311,016
    Bonus
    $90,000
    Other
    $378
    Deferred
    $33,000
    Nontaxable benefits
    $12,322
    Filer's total
    $446,716

  • BERONDA L MONTGOMERY

    DEAN & VP ACADEMIC AFFAIRS

    Total calculated
    $358,517
    From this org
    $307,129
    From related orgs
    $0
    Other
    $51,388
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $300,683
    Bonus
    $5,000
    Other
    $1,446
    Deferred
    $30,925
    Nontaxable benefits
    $20,463
    Filer's total
    $358,517

  • JOSEPH P BAGNOLI

    VP ENROLLMENT & DEAN OF ADMISSION

    Total calculated
    $331,937
    From this org
    $275,996
    From related orgs
    $0
    Other
    $55,941
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $262,233
    Bonus
    $11,500
    Other
    $2,263
    Deferred
    $27,919
    Nontaxable benefits
    $28,022
    Filer's total
    $331,937

  • ROBERT WELCH

    DIRECTOR OF INVESTMENTS

    Total calculated
    $282,800
    From this org
    $254,890
    From related orgs
    $0
    Other
    $27,910
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $213,875
    Bonus
    $40,704
    Other
    $311
    Deferred
    $25,460
    Nontaxable benefits
    $2,450
    Filer's total
    $282,800

  • ELLEN F DE GRAFFENREID

    VP COMMUNICATION & MARKETING

    Total calculated
    $278,359
    From this org
    $229,703
    From related orgs
    $0
    Other
    $48,656
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $226,375
    Bonus
    $2,500
    Other
    $828
    Deferred
    $23,573
    Nontaxable benefits
    $25,083
    Filer's total
    $278,359

  • HENRY W MOYER

    PROFESSOR OF POLITICAL SCIENCE

    Total calculated
    $272,005
    From this org
    $236,632
    From related orgs
    $0
    Other
    $35,373
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $233,542
    Bonus
    $0
    Other
    $3,090
    Deferred
    $23,573
    Nontaxable benefits
    $11,800
    Filer's total
    $272,005

  • NANCY L COMBS

    ASSOCIATE VP FINANCE & ASST TREASURER

    Total calculated
    $262,179
    From this org
    $217,431
    From related orgs
    $0
    Other
    $44,748
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $196,651
    Bonus
    $19,000
    Other
    $1,780
    Deferred
    $22,047
    Nontaxable benefits
    $22,701
    Filer's total
    $262,179

  • MYRNA Y HERNANDEZ

    CHIEF OF STAFF & VP ADMINISTRATION

    Total calculated
    $245,218
    From this org
    $212,283
    From related orgs
    $0
    Other
    $32,935
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $208,569
    Bonus
    $2,500
    Other
    $1,214
    Deferred
    $21,310
    Nontaxable benefits
    $11,625
    Filer's total
    $245,218

  • JANA L GRIMES

    VP HUMAN RESOURCES

    Total calculated
    $244,771
    From this org
    $212,067
    From related orgs
    $0
    Other
    $32,704
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $205,715
    Bonus
    $5,000
    Other
    $1,352
    Deferred
    $21,261
    Nontaxable benefits
    $11,443
    Filer's total
    $244,771

  • ELAINE M MARZLUFF

    PROFESSOR OF CHEMISTRY

    Total calculated
    $207,219
    From this org
    $177,651
    From related orgs
    $0
    Other
    $29,568
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $169,940
    Bonus
    $6,530
    Other
    $1,181
    Deferred
    $17,899
    Nontaxable benefits
    $11,669
    Filer's total
    $207,219

  • MARGARET E BAIR

    DIRECTOR OF BOARD RELATIONS

    Total calculated
    $147,305
    From this org
    $109,637
    From related orgs
    $0
    Other
    $37,668
    Hours/week
    50

  • MICHAEL B KAHN

    TRUSTEE & BOARD CHAIR

    Total calculated
    $0
    Hours/week
    7

  • CHRISTINA R CUTLIP

    TRUSTEE & VICE-CHAIR

    Total calculated
    $0
    Hours/week
    4

  • MATTHEW E WELCH

    TRUSTEE & VICE-CHAIR

    Total calculated
    $0
    Hours/week
    4

  • ODILE DISCH-BHADKAMKAR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • JEETANDER DULANI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • SHELLEY FLOYD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • JULIE GOSSELINK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JON GRAY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • GRACIELA GUZMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • BERNARD JACKSON JR

    TRUSTEE & ALUMNI COUNCIL PRESIDENT

    Total calculated
    $0
    Hours/week
    2

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 — 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

  • 2023
    Revenue
    $397,436,581
    Expenses
    $247,771,574
    Contributions
    $12,104,838
    Grants paid
    $74,231,930
  • 2022
    Revenue
    $364,446,425
    Expenses
    $236,823,739
    Contributions
    $16,723,721
    Grants paid
    $69,009,919

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

  • 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

Nonprofiteer parses the Form 990 only. 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.

Grants made

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

Where these grants went next →

Grants received

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

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2023 return

Declared as related by

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 10 September 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.