501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
$4.3M paid to officers and key staff.
Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$4.3M
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
2 mo
of spending, in cash
Plus $1.01B in investments, Pt X · Ln 11–13
Fine: 2.3 months of spending in cash; 1 to 3.
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
$212.1M
14% of total assets
Looks good: liabilities are 14% of assets; 50% or less.
Pt X · Ln 26
Independent board members
38
of 38 voting members
Looks good: 38 of 38 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$265.4M
-4% vs prior year
Spent
$254.9M
To programs
88%
Net assets
$1.3B
By yearFY2020–FY2025
Revenue
$265.4M
FY2023▼ -4%
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
$254.9M
FY2023▲ +14%
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
$1.3B
FY2023▼ -2%
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 FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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

88 cents of each dollar spent went to programs.

Program services 88% · $223.3M Management & general 10% · $25.4M Fundraising 2% · $6.2M

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

50 people listed on the 990; $4.3M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Chief Investment Officer
$736,431Pt VII · Sec A
$692,283Pt VII · Sec A
Managing Dir.of Investments
$353,895Pt VII · Sec A
VP Finance & Mgmt
$327,882Pt VII · Sec A
Secretary&general Counsel
$319,295Pt VII · Sec A
VP Instiutional Advancemen
$312,327Pt VII · Sec A
$299,049Pt VII · Sec A
VP Enrollment Mgmt
$274,731Pt 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 · $223.3M · in their own filed words · FY2022
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.

$223.3Mprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$265.4M
Ln 12
Fees for servicesLn 2g$186.7M
Investment incomeLn 3$50.0M
Gifts and grantsLn 1h$29.3M
Money outPt IX
$254.9M
Ln 25
Programscol B$223.3M
Managementcol C$25.4M
Fundraisingcol D$6.2M
Owns and owesPt X
$1.3B
net assets · Ln 32
Cash and savingsLn 1–2$49.6M
Total assetsLn 16$1.5B
LiabilitiesLn 26$212.1M
PeoplePt VI, VII
50
listed · VII A
PaidVII A12
Voting boardVI 1a38
IndependentVI 1b38
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$29.3M
Government grantsLn 1e$3.9M
Noncash giftsLn 1g$3.4M
Fees for servicesLn 2g$186.7M
Investment incomeLn 3$50.0M
Gains on assetsLn 7$42.3M
Total revenueLn 12$265.4M
Assets in detailPt X, end of year
CashLn 1$7K
SavingsLn 2$49.6M
Cash and savings togetherLn 1–2$49.6M
InvestmentsLn 11–13$1.01B
Land, buildings, equipmentLn 10c$362.3M
Other assetsLn 15$12.5M
Total assetsLn 16$1.5B
LiabilitiesLn 26$212.1M
Net assetsLn 32$1.3B
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 FY23End FY23
Cash and savingsLn 1–2$20.3M$49.6M
InvestmentsLn 11–13$1.10B$1.01B
Land, buildings, equipmentLn 10c$347.6M$362.3M
Total assetsLn 16$1.50B$1.46B
LiabilitiesLn 26$231.7M$212.1M
Net assetsLn 32$1.27B$1.25B
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$369K$369K
Grants to domestic individualsLn 2$74.6M$74.6M
Grants and assistance to foreign recipientsLn 3$2.8M$2.8M
Pay of current officers, directors and key staffLn 5$3.6M$355K$3.0M$182K
Other salaries and wagesLn 7$67.5M$56.0M$8.3M$3.2M
Pension plan contributionsLn 8$6.2M$5.1M$756K$305K
Other employee benefitsLn 9$14.8M$12.2M$2.0M$545K
Payroll taxesLn 10$4.8M$3.9M$644K$233K
Management feesLn 11a$14.5M$14.0M$421K$50K
Legal feesLn 11b$297K$32K$265K
Accounting feesLn 11c$73K$73K
Investment management feesLn 11f$4.1M$4.1M
Other fees for servicesLn 11g$8.7M$7.6M$743K$345K
Advertising and promotionLn 12$632K$260K$356K$16K
Office expensesLn 13$1.9M$1.4M$113K$324K
Information technologyLn 14$3.8M$3.4M$348K$134K
OccupancyLn 16$7.3M$7.1M$162K$23K
TravelLn 17$4.1M$3.3M$489K$333K
InterestLn 20$6.4M$5.4M$805K$240K
Depreciation, depletion and amortizationLn 22$15.1M$14.9M$281K$10K
InsuranceLn 23$360K$161K$198K
Other expenses (24a–d)Ln 24$7.9M$7.1M$678K$122K
All other expensesLn 24e$5.0M$3.3M$1.6M$163K
Total functional expensesLn 25$254.9M$223.3M$25.4M$6.2M

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 Viewing $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 $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 FY2023 990 (6 parts)
Part I · Summary $265,383,442 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $24,119,020$29,312,291
I-9 Program service revenuePrior year $166,248,786$186,653,224
I-10 Investment incomePrior year $83,826,793$50,036,867
I-11 Other revenuePrior year $1,714,849−$618,940
I-12 Total revenuePrior year $275,909,448$265,383,442
I-13 Grants and similar amounts paidPrior year $72,392,679$77,834,141
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $84,713,611$96,837,676
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $67,173,786$80,185,580
I-18 Total expensesPrior year $224,280,076$254,857,397
I-19 Revenue less expensesPrior year $51,629,372$10,526,045
Part VI · Governance 38 of 38 board members independent, 1 to look at
VI-1a Voting members of the governing body38
VI-1b Independent voting members38
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 $265,383,442 across 11 lines filed
Lines not itemized here account for $2,084,624 of total revenue; see the IRS return.
VIII-1d Related organizations$216,154
VIII-1e Government grants$3,936,758
VIII-1f All other contributions, gifts and grants$25,159,379
VIII-1g Noncash contributions (included above)$3,447,390
VIII-1h Total contributions, gifts and grants$29,312,291
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $178,945,364 · Unrelated business $5,748,242$184,693,606
VIII-3 Investment incomeExcluded from tax $7,606,644$7,606,644
VIII-6 Net rental income or lossExcluded from tax $21,239$21,239
VIII-7 Net gain or loss on sales of assetsExcluded from tax $42,305,217$42,305,217
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business −$640,179−$640,179
VIII-12 Total revenueRelated to mission $180,904,982 · Unrelated business $5,108,063 · Excluded from tax $50,058,106$265,383,442
Part IX · Statement of functional expenses $254,857,397 across 23 lines filed
IX-1 Grants to domestic organizationsPrograms $369,274$369,274
IX-2 Grants to domestic individualsPrograms $74,643,174$74,643,174
IX-3 Grants and assistance to foreign recipientsPrograms $2,821,693$2,821,693
IX-5 Pay of current officers, directors and key staffPrograms $355,191 · Management $3,021,824 · Fundraising $182,091$3,559,106
IX-7 Other salaries and wagesPrograms $55,965,263 · Management $8,341,080 · Fundraising $3,187,912$67,494,255
IX-8 Pension plan contributionsPrograms $5,109,045 · Management $756,240 · Fundraising $304,745$6,170,030
IX-9 Other employee benefitsPrograms $12,212,563 · Management $2,048,620 · Fundraising $545,026$14,806,209
IX-10 Payroll taxesPrograms $3,930,915 · Management $643,670 · Fundraising $233,491$4,808,076
IX-11a Management feesPrograms $13,983,883 · Management $420,600 · Fundraising $49,589$14,454,072
IX-11b Legal feesPrograms $32,251 · Management $265,208$297,459
IX-11c Accounting feesManagement $72,900$72,900
IX-11f Investment management feesManagement $4,055,639$4,055,639
IX-11g Other fees for servicesPrograms $7,625,437 · Management $742,658 · Fundraising $344,975$8,713,070
IX-12 Advertising and promotionPrograms $260,101 · Management $356,315 · Fundraising $15,589$632,005
IX-13 Office expensesPrograms $1,438,672 · Management $112,609 · Fundraising $323,802$1,875,083
IX-14 Information technologyPrograms $3,359,474 · Management $348,089 · Fundraising $134,416$3,841,979
IX-16 OccupancyPrograms $7,074,188 · Management $162,355 · Fundraising $23,300$7,259,843
IX-17 TravelPrograms $3,283,486 · Management $488,916 · Fundraising $333,435$4,105,837
IX-20 InterestPrograms $5,381,737 · Management $805,393 · Fundraising $239,860$6,426,990
IX-22 Depreciation, depletion and amortizationPrograms $14,851,838 · Management $280,790 · Fundraising $9,556$15,142,184
IX-23 InsurancePrograms $161,094 · Management $198,426$359,520
IX-24 Other expenses (24a–d)Programs $7,144,080 · Management $677,809 · Fundraising $122,054$7,943,943
IX-24e All other expensesPrograms $3,256,571 · Management $1,585,652 · Fundraising $162,833$5,005,056
IX-25 Total functional expensesPrograms $223,259,930 · Management $25,384,793 · Fundraising $6,212,674$254,857,397
Part X · Balance sheet $1,463,954,073 assets, 21 lines filed
X-1 Cash, non-interest-bearingStart of year $7,840$6,800
X-2 Savings and temporary cash investmentsStart of year $20,304,012$49,601,286
X-3 Pledges and grants receivableStart of year $20,066,529$25,641,494
X-4 Accounts receivableStart of year $866,601$1,424,894
X-8 Inventories for sale or useStart of year $548,817$573,086
X-9 Prepaid expenses and deferred chargesStart of year $1,001,061$935,361
X-10c Land, buildings and equipment, netStart of year $347,640,248$362,254,785
X-11 Publicly traded securitiesStart of year $639,708,376$592,314,339
X-12 Other securitiesStart of year $455,048,694$415,283,608
X-13 Program-related investmentsStart of year $3,534,076$3,399,360
X-15 Other assetsStart of year $14,121,531$12,519,060
X-16 Total assetsStart of year $1,502,847,785$1,463,954,073
X-17 Accounts payable and accrued expensesStart of year $28,670,957$23,642,876
X-20 Tax-exempt bond liabilitiesStart of year $182,907,847$173,115,232
X-24 Unsecured notes and loans payableStart of year $3,000,000$0
X-25 Other liabilitiesStart of year $17,155,553$15,311,981
X-26 Total liabilitiesStart of year $231,734,357$212,070,089
X-27 Net assets without donor restrictionsStart of year $566,762,353$543,948,803
X-28 Net assets with donor restrictionsStart of year $704,351,075$707,935,181
X-32 Total net assets or fund balancesStart of year $1,271,113,428$1,251,883,984
X-33 Total liabilities and net assetsStart of year $1,502,847,785$1,463,954,073
Part XI · Reconciliation of net assets $1,251,883,984 net assets at year end
XI-1 Total revenue$265,383,442
XI-2 Total expenses$254,857,397
XI-3 Revenue less expenses$10,526,045
XI-4 Net assets at start of year$1,271,113,428
XI-5 Net unrealized gains (losses) on investments−$29,900,460
XI-9 Other changes in net assets$144,971
XI-10 Net assets at end of year$1,251,883,984

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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