501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
$3.7M paid to officers and key staff.
Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $37.4M a year · 13% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$3.7M
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
4 mo
of spending, in cash
Plus $945.5M in investments, Pt X · Ln 11–13
Looks good: 4.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $255K
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$276.5M
20% of total assets
Looks good: liabilities are 20% of assets; 50% or less.
Pt X · Ln 26
Independent board members
35
of 35 voting members
Looks good: 35 of 35 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$248.5M
Spent
$203.0M
To programs
90%
Net assets
$1.1B
By yearFY2020–FY2025
Revenue
$248.5M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$248.5M
FY2021$297.4M
FY2022$275.9M
FY2023$265.4M
FY2024$295.7M
FY2025$299.0M
Expenses
$203.0M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$203.0M
FY2021$208.1M
FY2022$224.3M
FY2023$254.9M
FY2024$273.8M
FY2025$293.4M
Net assets
$1.1B
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.1B
FY2021$1.4B
FY2022$1.3B
FY2023$1.3B
FY2024$1.3B
FY2025$1.4B

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1942.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $183.0M Management & general 7% · $14.6M Fundraising 3% · $5.4M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

48 people listed on the 990; $3.7M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Chief Investment Officer
$833,074Pt VII · Sec A
$559,894Pt VII · Sec A
VP Finance & Mgmt
$286,884Pt VII · Sec A
Secretary.vp Inst.adv.
$258,588Pt VII · Sec A
$251,778Pt VII · Sec A
Assoc Vp- Inst.adv.
$242,323Pt VII · Sec A
VP Enrollment Mgmt
$225,415Pt VII · Sec A
VP Student Development
$211,803Pt VII · Sec A

Adam S Weinberg’s $968K as President is at the 74th percentile of top reported officer pay among 674 $100M+ education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Adam S Weinberg$968,334$767,842$692,283$883,699$823,884$559,894
Kathleen R Browne$903,100$716,984$736,431$960,961$836,537$833,074
Julie Crosby$700,922—————
Julia Crosby—$536,350$353,895———
Joshua Beitzel$408,343—————
Alexandra T Schimmer$365,847$346,096$319,295$308,667$269,503—
David a English$363,269$345,956$327,882$313,636$293,979$286,884
Gregory R Bader$343,229$328,094$312,327$342,067$272,820$242,323

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Denison University executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides undergraduate liberal arts education to approximately 2,400 students, offering diverse majors, active learning opportunities, and merit- and need-based financial aid.

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Provided by the organization

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1 program · $183.0M · in their own filed words · FY2019
01

Our purpose is to inspire and educate our students to become autonomous thinkers, discerning moral agents and active citizens of a democratic society. Through an emphasis on active learning, we engage students in the liberal arts, which fosters self-determination and demonstrates the transformative power of education.

$183.0Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
See all 7 funders →
Grants paid · 69 grants · $446.0M · 2019–2024
Unitemized GrantFY2024$86,437,294
Granville Township Board of TrusteesFY2024$223,500
The Columbus PartnershipOH · FY2024$55,000
Licking County Transit BoardFY2024$20,000
Granville Exempted Village School DistrictFY2024$15,000
One ColumbusOH · FY2024$10,000
Pbj Connections INCOH · FY2024$10,000
Unitemized GrantFY2023$82,321,353
Granville Township Board of TrusteesFY2023$216,000
Licking County Transit BoardFY2023$25,000
Granville Exempted Village School DistrictFY2023$15,250
See all 69 grants →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$248.5M
Ln 12
Fees for servicesLn 2g$150.1M
Investment incomeLn 3$65.7M
Gifts and grantsLn 1h$32.6M
Money outPt IX
$203.0M
Ln 25
Programscol B$183.0M
Managementcol C$14.6M
Fundraisingcol D$5.4M
Owns and owesPt X
$1.1B
net assets · Ln 32
Cash and savingsLn 1–2$74.7M
Total assetsLn 16$1.4B
LiabilitiesLn 26$276.5M
PeoplePt VI, VII
48
listed · VII A
PaidVII A12
Voting boardVI 1a35
IndependentVI 1b35
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$32.6M
Government grantsLn 1e$1.1M
Noncash giftsLn 1g$4.7M
Fees for servicesLn 2g$150.1M
Investment incomeLn 3$65.7M
Other incomeLn 4–11$49K
Gains on assetsLn 7$58.6M
Total revenueLn 12$248.5M
Assets in detailPt X, end of year
CashLn 1$13K
SavingsLn 2$74.7M
Cash and savings togetherLn 1–2$74.7M
InvestmentsLn 11–13$945.5M
Land, buildings, equipmentLn 10c$326.9M
Other assetsLn 15$15.9M
Total assetsLn 16$1.4B
LiabilitiesLn 26$276.5M
Net assetsLn 32$1.1B
OperationsPt I, VI
EmployeesI 52,698
VolunteersI 61,800
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$63.9M$74.7M
InvestmentsLn 11–13$942.4M$945.5M
Land, buildings, equipmentLn 10c$298.6M$326.9M
Total assetsLn 16$1.36B$1.41B
LiabilitiesLn 26$242.7M$276.5M
Net assetsLn 32$1.11B$1.13B
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$232K$232K
Grants to domestic individualsLn 2$65.7M$65.7M
Grants and assistance to foreign recipientsLn 3$736K$736K
Pay of current officers, directors and key staffLn 5$2.8M$519K$2.1M$158K
Other salaries and wagesLn 7$57.9M$50.5M$4.4M$3.0M
Pension plan contributionsLn 8$4.7M$4.1M$347K$270K
Other employee benefitsLn 9$12.0M$10.5M$985K$507K
Payroll taxesLn 10$4.1M$3.5M$365K$211K
Management feesLn 11a$5.5M$5.5M
Legal feesLn 11b$190K$60K$130K
Accounting feesLn 11c$90K$36K$54K
Investment management feesLn 11f$2.3M$3K$2.3M
Other fees for servicesLn 11g$2.8M$2.5M$293K$66K
Advertising and promotionLn 12$498K$351K$147K
Office expensesLn 13$2.2M$1.8M$74K$336K
Information technologyLn 14$2.9M$2.5M$236K$116K
OccupancyLn 16$5.5M$5.4M$85K
TravelLn 17$2.5M$2.0M$210K$240K
InterestLn 20$6.9M$6.0M$617K$290K
Depreciation, depletion and amortizationLn 22$12.9M$12.7M$177K−$18K
InsuranceLn 23$292K$166K$126K
Other expenses (24a–d)Ln 24$6.0M$5.9M$121K$46K
All other expensesLn 24e$4.2M$2.2M$1.7M$225K
Total functional expensesLn 25$203.0M$183.0M$14.6M$5.4M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $299.0M$293.4M$5.6M$1.4B 990 PDF
FY2024 $295.7M$273.8M$21.9M$1.3B 990 PDF
FY2023 $265.4M$254.9M$10.5M$1.3B 990 PDF
FY2022 $275.9M$224.3M$51.6M$1.3B 990 PDF
FY2021 $297.4M$208.1M$89.4M$1.4B 990 PDF
FY2020 Viewing $248.5M$203.0M$45.5M$1.1B 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign M · Noncash J · Pay O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $248,509,652 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $25,051,505$32,595,172
I-9 Program service revenuePrior year $151,693,259$150,146,530
I-10 Investment incomePrior year $34,859,628$65,718,724
I-11 Other revenuePrior year $1,647,279$49,226
I-12 Total revenuePrior year $213,251,671$248,509,652
I-13 Grants and similar amounts paidPrior year $66,021,032$66,698,956
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $77,916,695$81,451,248
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $56,459,400$54,840,994
I-18 Total expensesPrior year $200,397,127$202,991,198
I-19 Revenue less expensesPrior year $12,854,544$45,518,454
Part VI · Governance 35 of 35 board members independent, 1 to look at
VI-1a Voting members of the governing body35
VI-1b Independent voting members35
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $248,509,652 across 11 lines filed
Lines not itemized here account for $2,503,289 of total revenue; see the IRS return.
VIII-1d Related organizations$138,516
VIII-1e Government grants$1,117,406
VIII-1f All other contributions, gifts and grants$31,339,250
VIII-1g Noncash contributions (included above)$4,669,118
VIII-1h Total contributions, gifts and grants$32,595,172
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $147,484,068 · Unrelated business $1,055,168$148,539,236
VIII-3 Investment incomeExcluded from tax $6,263,658$6,263,658
VIII-6 Net rental income or lossExcluded from tax $72,000$72,000
VIII-7 Net gain or loss on sales of assetsExcluded from tax $58,559,071$58,559,071
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business −$22,774−$22,774
VIII-12 Total revenueRelated to mission $149,091,362 · Unrelated business $1,032,394 · Excluded from tax $65,790,724$248,509,652
Part IX · Statement of functional expenses $202,991,198 across 23 lines filed
IX-1 Grants to domestic organizationsPrograms $231,994$231,994
IX-2 Grants to domestic individualsPrograms $65,730,913$65,730,913
IX-3 Grants and assistance to foreign recipientsPrograms $736,049$736,049
IX-5 Pay of current officers, directors and key staffPrograms $519,434 · Management $2,118,146 · Fundraising $158,322$2,795,902
IX-7 Other salaries and wagesPrograms $50,459,954 · Management $4,437,795 · Fundraising $2,973,086$57,870,835
IX-8 Pension plan contributionsPrograms $4,050,645 · Management $346,742 · Fundraising $270,467$4,667,854
IX-9 Other employee benefitsPrograms $10,536,882 · Management $985,436 · Fundraising $506,890$12,029,208
IX-10 Payroll taxesPrograms $3,511,977 · Management $364,558 · Fundraising $210,914$4,087,449
IX-11a Management feesPrograms $5,526,724$5,526,724
IX-11b Legal feesPrograms $59,919 · Management $130,000$189,919
IX-11c Accounting feesPrograms $36,020 · Management $53,705$89,725
IX-11f Investment management feesPrograms $3,357 · Management $2,308,533$2,311,890
IX-11g Other fees for servicesPrograms $2,469,626 · Management $292,553 · Fundraising $66,151$2,828,330
IX-12 Advertising and promotionPrograms $351,172 · Management $146,639$497,811
IX-13 Office expensesPrograms $1,823,536 · Management $73,989 · Fundraising $335,607$2,233,132
IX-14 Information technologyPrograms $2,548,219 · Management $235,902 · Fundraising $115,908$2,900,029
IX-16 OccupancyPrograms $5,368,928 · Management $84,933$5,453,861
IX-17 TravelPrograms $2,017,173 · Management $210,042 · Fundraising $239,811$2,467,026
IX-20 InterestPrograms $6,026,908 · Management $617,392 · Fundraising $289,903$6,934,203
IX-22 Depreciation, depletion and amortizationPrograms $12,726,645 · Management $176,526 · Fundraising −$18,174$12,884,997
IX-23 InsurancePrograms $165,778 · Management $125,908$291,686
IX-24 Other expenses (24a–d)Programs $5,876,980 · Management $120,512 · Fundraising $46,320$6,043,812
IX-24e All other expensesPrograms $2,234,985 · Management $1,727,900 · Fundraising $224,964$4,187,849
IX-25 Total functional expensesPrograms $183,013,818 · Management $14,557,211 · Fundraising $5,420,169$202,991,198
Part X · Balance sheet $1,411,393,687 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $12,400$13,155
X-2 Savings and temporary cash investmentsStart of year $63,923,086$74,706,433
X-3 Pledges and grants receivableStart of year $35,391,797$46,156,905
X-4 Accounts receivableStart of year $857,258$734,509
X-8 Inventories for sale or useStart of year $663,745$612,517
X-9 Prepaid expenses and deferred chargesStart of year $759,587$770,089
X-10c Land, buildings and equipment, netStart of year $298,640,790$326,923,070
X-11 Publicly traded securitiesStart of year $653,386,447$655,458,219
X-12 Other securitiesStart of year $284,546,375$285,999,399
X-13 Program-related investmentsStart of year $4,457,467$4,076,724
X-15 Other assetsStart of year $14,940,613$15,942,667
X-16 Total assetsStart of year $1,357,579,565$1,411,393,687
X-17 Accounts payable and accrued expensesStart of year $29,200,364$29,383,549
X-20 Tax-exempt bond liabilitiesStart of year $188,796,960$176,570,178
X-25 Other liabilitiesStart of year $24,672,123$25,543,897
X-26 Total liabilitiesStart of year $242,669,447$276,497,624
X-27 Net assets without donor restrictionsStart of year $471,008,956$477,904,659
X-28 Net assets with donor restrictionsStart of year $643,901,162$656,991,404
X-32 Total net assets or fund balancesStart of year $1,114,910,118$1,134,896,063
X-33 Total liabilities and net assetsStart of year $1,357,579,565$1,411,393,687
Part XI · Reconciliation of net assets $1,134,896,063 net assets at year end
XI-1 Total revenue$248,509,652
XI-2 Total expenses$202,991,198
XI-3 Revenue less expenses$45,518,454
XI-4 Net assets at start of year$1,114,910,118
XI-5 Net unrealized gains (losses) on investments−$23,530,944
XI-9 Other changes in net assets−$2,001,565
XI-10 Net assets at end of year$1,134,896,063

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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