NonprofitsCornell College

Education

Cornell College

MOUNT VERNON, IA

Total revenue

$87.9M

Total expenses

$86.3M

Net assets

$191.2M

Grants received

$14.8M

248 grants

EIN

420680335

Tax year

2023

Mission

To create a space where students can develop intellectual curiosity, creativity and moral courage.

Programs

2 programs

Student aid and financial assistance: students invest in their education at cornell college, and cornell invests in their futures. Cornell college graduates are getting jobsand not burdened by debt, as shown by our low average loan defaultrate. Compared to graduates of other four-year institutions, cornellians are twice as likely to have the means to pay off student loans. 91% of cornell's 2024 graduating class completed their degrees in four years or less. Cornell's medical school acceptace rate is 77% for first time applicants (2008-2021); the national average for those years is 40%. The law school acceptance rate for all cornell graduates (2010-2021) is 82%; the national average for those years is 73%.

Expenses: $13.3M

Auxiliary enterprises (housing, dining, student union and service center): founded in 1853, cornell's picturesque hilltop campus contains a mix ofhistoric and modern facilities, ranging from the majestic king chapelto 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'screative corridor. Cornell's hilltop cafe was named the second bestdining hall in the nation by bestcolleges.com in 2015.

Expenses: $8.8M

Financials

FY 2023

Revenue

Contributions & grants$12.8M
Program service revenue$65.3M
Investment income$2.2M
Other revenue$7.6M
Total revenue$87.9M

Expenses

Grants paid$37.0M
Salaries & benefits$23.3M
Fundraising$2.7M
Other expenses$26.1M
Total expenses$86.3M
Total assets$224.8M
Net assets$191.2M

People

36 listed

NameRoleCompensation

BRAND JONATHAN

PRESIDENT

Board

$335K

40 hrs/wk

FLEGE KELLY

VP, COO/CFO, TREASURER

Board

$191K

40 hrs/wk

KAO FRANCES

AT LARGE, EXECUTIVE COMMITTEE

Board

1 hrs/wk

WEISS KEVIN

AT LARGE, EXECUTIVE COMMITTEE

Board

1 hrs/wk

SIMMER SCOTT

AT LARGE, EXECUTIVE COMMITTEE

Board

3 hrs/wk

EPPS FELECIA

TRUSTEE

Board

1 hrs/wk

BUCHMEYER GRETCHEN

TRUSTEE

Board

1 hrs/wk

RINGER JERRY N

TRUSTEE

Board

1 hrs/wk

WILLIAMS LAUREN

TRUSTEE

Board

1 hrs/wk

SHELTON MATT

TRUSTEE

Board

1 hrs/wk

KELLEHER MAKAYLA

TRUSTEE

Board

1 hrs/wk

JOHNSON MAUREEN

TRUSTEE

Board

1 hrs/wk

RIRIE SCOTT

TRUSTEE

Board

1 hrs/wk

FROEHLICH STEPHANIE

TRUSTEE

Board

1 hrs/wk

DEANGELES STEVEN

TRUSTEE

Board

1 hrs/wk

MACK WARREN

TRUSTEE

Board

1 hrs/wk

GUNN STUART

TRUSTEE

Board

1 hrs/wk

KHAN SULTAN

TRUSTEE

Board

1 hrs/wk

LUMANOG JACK

TRUSTEE

Board

1 hrs/wk

MAITLAND KIMBERLY

TRUSTEE

Board

1 hrs/wk

MCLENNAN ROBERT

TRUSTEE

Board

1 hrs/wk

REED HARPER

TRUSTEE

Board

1 hrs/wk

SMITH JOHN

TRUSTEE

Board

1 hrs/wk

SUDOL ERIC

TRUSTEE

Board

1 hrs/wk

URHEIM MAXINE

TRUSTEE

Board

1 hrs/wk

THOMAS JAN

CHAIR

Board

3 hrs/wk

JENSEN JEFFREY

IMMEDIATE PAST CHAIR

Board

4 hrs/wk

DURHAM THOMAS

TRUSTEE

Board

3 hrs/wk

MCGRANE JOHN

CHAIR, FINANCE COMMITTEE

Board

3 hrs/wk

BAYNARD TAHLLEE

CHAIR, GOVERNANCE COMMITTEE

Board

1 hrs/wk

STOLL SHERYL ATKINSON

CHAIR, ENDOWMENT GROWTH COMMITTEE

Board

1 hrs/wk

BECKEMEYER WENDY

VP FOR ENROLLMENT MGMT

Staff

$225K

40 hrs/wk

CRAWFORD ILENE

VP FOR ACADEMIC AFFAIRS

Staff

$153K

40 hrs/wk

COLUMBUS KRISTI

AVP FOR ALUMNI & COLLEGE ADV

Staff

$133K

40 hrs/wk

HARP JOHN

SPECIAL ASST TO THE PRESIDENT

Staff

$132K

40 hrs/wk

WILSON JACQUELINE

AVP FOR ACADEMIC AFFAIRS

Staff

$123K

40 hrs/wk

Independent contractors

BON APPETIT

CAMPUS FOOD SERVICE

$4.0M

SOUTHEAST SERVICE CORP

CAMPUS CLEANING SERVICE

$1.2M

MA MORTENSON COMPANY

GENERAL CONTRACTOR ATHLETICS BUILDING

$936K

RUSSELL CONSTRUCTION CO INC

CONSTRUCTON COMPANY

$708K

JOHNSON CONTROLS INC

CONSTRUCTON COMPANY

$404K

Grants received

Showing 200 of 248

FromAmountPurposeYear
$333K
SMALL SPORT CENTER EXPANSION/RENOVATIONS
2024
$333K
UNRESTRICTED GENERAL SUPPORT
2024
$228K
SCHOLARSHIPS FOR FEMALE STUDENTS INTERESTED IN PUBLIC SERVICE, RUSSELL D. COLE LIBRARY, BERRY CENTER, CAPITAL CAMPAIGN, FOOTBALL PROGRAM
2024
$100K
GRANTS ARE INTENDED TO HELP SUPPORT THE POSSE PROGRAM ON EACH CAMPUS ALTHOUGH THEY ARE NOT SPECIFICALLY RESTRICTED WITHIN THAT AND REQUIRE NO REPORTING
2024
$76K
UNRESTRICTED GENERAL
2024
$54K
PROVIDE SCHOLARSHIPS
2024
$13K
SCHOLARSHIPS
2024
$12K
TO SUPPORT THE ANNUAL FUND AND 1963 CLASS ENDOWMENT FUND
2024
$10K
EDUCATIONAL
2024
$9K
GENERAL PURPOSES
2024
$2K
KING CHAPEL RENOVATION
2024
$500
GENERAL CAPITAL CAMPAIGN
2024
$150
SCHOLARSHIPS
2024
$333K
SMALL SPORT CENTER EXPANSION/RENOVATIONS
2023
$226K
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
2023
$212K
For grant recipient's exempt purposes
2023
$124K
SEP Phase XVI
2023
$100K
UNRESTRICTED GENERAL SUPPORT
2023
$100K
GRANTS ARE INTENDED TO HELP SUPPORT THE POSSE PROGRAM ON EACH CAMPUS ALTHOUGH THEY ARE NOT SPECIFICALLY RESTRICTED WITHIN THAT AND REQUIRE NO REPORTING
2023
$62K
GENERAL OPERATING
2023
$60K
UNRESTRICTED GENERAL
2023
$51K
PROVIDE SCHOLARSHIPS
2023
$50K
DONOR-ADVISED, EDUCATION
2023
$36K
SCHOLARSHIP & BOOK FUND
2023
$25K
GENERAL OPERATING FUND
2023
$16K
PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM
2023
$13K
SCHOLARSHIP
2023
$10K
TO SUPPORT THE GENERAL OPERATIONS AND MISSION OF THE ORGANIZATION
2023
$10K
SCHOLARSHIP
2023
$10K
PROVIDE FUNDS FOR SERVICE TO COMMUNITY
2023
$10K
FOR RECIPIENT'S EXEMPT PURPOSE
2023
$8K
GENERAL PURPOSES
2023
$6K
CHARITABLE DONATION
2023
$6K
CHARITABLE
2023
$6K
SCHOLARSHIPS FOR ALGONA HIGH SCHOOL GRADUATES
2023
$5K
HOUSING SCHOLARSHIP
2023
$5K
GENERAL CONTRIBUTION
2023
$3K
Program Support
2023
$2K
EDUCATIONAL
2023
$2K
KING CHAPEL RENOVATION
2023
$2K
SCHOLARSHIP FOR HIGHER
2023
$1K
GENERAL CAPITAL CAMPAIGN
2023
$50
Matching Gifts
2023
$50
MATCHING GIFT
2023
$50
GENERAL OPERATING FUND
2023
$250K
GENERAL OPERATING
2022
$225K
DONOR-RECOMMENDED, GENERAL
2022
$222K
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
2022
$170K
UNRESTRICTED GENERAL SUPPORT
2022
$165K
For grant recipient's exempt purposes
2022
$78K
UNRESTRICTED GENERAL
2022
$73K
GENERAL OPERATING
2022
$48K
PROVIDE SCHOLARSHIPS
2022
$42K
SCHOLARSHIP & BOOK FUND
2022
$33K
FOR RECIPIENT'S EXEMPT PURPOSE
2022
$25K
Provide Scholarships
2022
$19K
TO SUPPORT THE MISSION OF THE ORGANIZATION THROUGH THE ANNUAL FUND ($10,000) AND THE SCIENCE FACILITIES PROJECT ($9,300).
2022
$16K
PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM
2022
$15K
SCHOLARSHIP
2022
$12K
GENERAL PURPOSES
2022
$10K
PROVIDE FUNDS FOR SERVICE TO COMMUNITY
2022
$9K
GENERAL SUPPORT
2022
$6K
SCHOLARSHIPS FOR ALGONA HIGH SCHOOL GRADUATES
2022
$5K
SCHOLARSHIP
2022
$5K
GENERAL CONTRIBUTION
2022
$5K
EDUCATIONAL
2022
$4K
MATCHING GIFT
2022
$3K
SCHOLARSHIPS
2022
$2K
KING CHAPEL RENOVATION
2022
$1K
GENERAL CAPITAL CAMPAIGN
2022
$1K
GENERAL OPERATING
2022
$617
SCHOLARSHIP FOR HIGHER
2022
$500
EDUCATIONAL DEVELOPMENT
2022
$275
MIP PAYOUT FOR 12/02/22
2022
$250
PROGRAM/OPERATING SUPPORT
2022
$250
MEN'S VARSITY LACROSSE TEAM
2022
$150
EDUCATION
2022
$50
GENERAL SUPPORT
2022
$630K
TO ASSIST QUALIFIED 501(C)(3) PUBLIC CHARITY ACHIEVE THEIR CHARITABLE MISSION
2021
$319K
For grant recipient's exempt purposes
2021
$319K
For grant recipient's exempt purposes
2021
$196K
ATOMIC FORCE MICROSCOPE
2021
$81K
UNRESTRICTED GENERAL
2021
$75K
DONOR-RECOMMENDED, EDUCATION
2021
$63K
GENERAL OPERATING
2021
$52K
PROVIDE SCHOLARSHIPS
2021
$45K
GENERAL CONTRIBUTION
2021
$37K
SCHOLARSHIP & BOOK FUND
2021
$25K
SUPPORT THE MISSION OF THE INSTITUTION, SCIENCE FACILITY PROJECT, CLASS OF 1963 ENDOWMENT
2021
$24K
Provide Scholarships
2021
$16K
PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM
2021
$15K
SUPPORT THE MISSION OF THE ORGANIZATION THROUGH STAFF RECOGNITION
2021
$14K
SCHOLARSHIPS
2021
$10K
PROVIDE FUNDS FOR SERVICE TO COMMUNITY
2021
$10K
CAPITAL CAMPAIGN - DORMITORY RENOVATION
2021
$9K
For recipient's exempt purpose
2021
$3K
SCHOLARSHIPS
2021
$2K
Soccer Field Project
2021
$2K
CHARITABLE
2021
$1K
GENERAL CAPITAL CAMPAIGN
2021
$75
MATCHING GIFTS
2021
$482K
GENERAL FUND
2020
$205K
GENERAL SUPPORT FOR BERRY CENTER, GENERAL SUPPORT, ANNUAL DESIGNATED DISTRIBUTION, ANNUAL FUND, LAVENZ MEMORIAL INCOURAGE SCHOLARSHIP, JOURNEY SCHOLARSHIP FUND, TENNIS PROGRAM SUPPORT, MERVEAUX ACADEMIC EXCELLENCE SCHOLARSHIP, KELLEY SCHOLARSHIP AT LISBON HIGH SCHOOL, KALOUS OPPORTUNITY SCHOLARSHIP
2020
$200K
CAPITAL CAMPAIGN - DORMITORY RENOVATION
2020
$144K
FACULTY DEVELOPMENT
2020
$139K
For grant recipient's exempt purposes
2020
$100K
GENERAL OPERATING
2020
$100K
Aid to Community
2020
$67K
MENTAL HEALTH AND WELL-BEING PROGRAM
2020
$66K
FOR RECIPIENT'S EXEMPT PURPOSE
2020
$66K
UNRESTRICTED GENERAL
2020
$64K
GENERAL OPERATING
2020
$50K
GENERAL CONTRIBUTION
2020
$44K
PROVIDE SCHOLARSHIPS
2020
$37K
SCHOLARSHIP & BOOK FUND
2020
$30K
UNRESTRICTED GENERAL SUPPORT
2020
$25K
SUPPORT THE MISSION OF THE ORGANIZATION THROUGH THE ANNUAL FUND ($10K), THE SCIENCE FACILITIES PROJECT ($15K) AND THE 1963 CLASS ENDOWMENT ($100).
2020
$25K
UNRESTRICTED GIFT TO ASSIST WITH THE MISSION OF THE CHARITY
2020
$25K
GENERAL OPERATING SUPPORT
2020
$23K
Provide Scholarships
2020
$16K
PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM
2020
$13K
SCHOLARSHIPS
2020
$13K
GENERAL PURPOSES
2020
$10K
EDUCATIONAL
2020
$10K
PROVIDE FUNDS FOR SERVICE TO COMMUNITY
2020
$9K
SCHOLARSHIPS
2020
$8K
GENERAL OPERATING SUPPORT
2020
$6K
GENERAL CHARITABLE OPERATIONS
2020
$5K
GRANT DISTRIBUTION FOR THE CORNELL FUND 2020-2021
2020
$5K
GENERAL OPERATING FUND
2020
$5K
FUTURE RESEARCH ACTIVITIES ON NUCLEAR DISARMAMENT.
2020
$4K
SCHOLARSHIPS FOR ALGONA HIGH SCHOOL GRADUATES
2020
$4K
CHARITABLE
2020
$3K
EMPLOYEE MATCHING GRANT
2020
$3K
SCHOLARSHIPS
2020
$2K
Soccer Field Project
2020

Funded by

$14.8M from 88 funders · 248 grants · 2017–2024

The Hall-Perrine Foundation

$2.6M · 3 grants · 2018–2024

Fidelity Investments Charitable Gift Fund

$2.1M · 8 grants · 2017–2023

Thomas & Linda Koehn Foundation

$1.6M · 5 grants · 2017–2023

Greater Cedar Rapids Community

$880K · 4 grants · 2020–2024

National Philanthropic Trust

$862K · 6 grants · 2017–2023

Morgan Stanley Global Impact Funding Trust Inc

$643K · 5 grants · 2019–2024

College First Foundation

$482K · 1 grant · 2020

Details

EIN420680335
NTEE codeB420
Subsection03
Ruling date1935-07
Formed1854
Employees1010
Volunteers150
CORNELL COLLEGE — Mission, Financials & Grants Received | Grantivo