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

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
$1.4M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · 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
5 of 6
filings with a surplus
Average surplus $4.8M a year · 6% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.4M
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 $67.5M in investments, Pt X · Ln 11–13
Fine: 1.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $46K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$47.4M
22% of total assets
Looks good: liabilities are 22% of assets; 50% or less.
Pt X · Ln 26
Independent board members
33
of 33 voting members
Looks good: 33 of 33 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$76.1M
Spent
$69.0M
To programs
89%
Net assets
$167.1M
By yearFY2020–FY2025
Revenue
$76.1M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$76.1M
FY2021$87.7M
FY2022$83.9M
FY2023$79.8M
FY2024$87.9M
FY2025$87.7M
Expenses
$69.0M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$69.0M
FY2021$68.5M
FY2022$80.0M
FY2023$83.9M
FY2024$86.3M
FY2025$86.3M
Net assets
$167.1M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$167.1M
FY2021$192.5M
FY2022$178.6M
FY2023$181.1M
FY2024$191.2M
FY2025$200.1M

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 Jul 1935.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $61.1M Management & general 8% · $5.3M Fundraising 4% · $2.6M

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

47 people listed on the 990; $1.4M 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
$323,138Pt VII · Sec A
VP for Advancement
$204,569Pt VII · Sec A
Treasurer/VP of Business Affairs
$192,172Pt VII · Sec A
VP for Enrollment
$173,337Pt VII · Sec A
VP for Academic Affairs
$165,734Pt VII · Sec A
Director of IT
$131,565Pt VII · Sec A
VP for Student Affairs
$129,139Pt VII · Sec A
Director of Athletics
$121,245Pt VII · Sec A

Brand Jonathan’s $349K as President is at the 73rd percentile of top reported officer pay among 3683 $10–100M 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
Brand Jonathan$348,958$334,837———$323,138
Brand Johnathan——$334,155$328,572——
Jonathan Brand————$328,956—
Layzell Dan——$179,408$252,814——
Beckemeyer Wendy$234,657$224,549$230,920$235,070——
Flege Kelly$216,685$191,155————
Gerard Pam—————$204,569
Kay Langseth————$193,395—

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.

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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

Fosters student curiosity, creativity, and moral courage in a supportive environment.

Questions for Cornell College

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Provided by the organization

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3 programs · $61.1M · in their own filed words · FY2019
01

Instruction, academic support, continuing education in 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.

$44.1Mprogram expense
02

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.

$9.8Mprogram expense
03

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.

$7.3Mprogram 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
Total grants receivedfrom 2 funders$46K
Grants paid · 26 grants · $199.6M · 2019–2024
Unitemized GrantFY2024$33,932,184
Unitemized GrantFY2024$3,593,052
Unitemized GrantFY2024$1,519,852
Unitemized GrantFY2024$254,432
Unitemized GrantFY2023$31,974,213
Unitemized GrantFY2023$3,271,590
Unitemized GrantFY2023$1,467,982
Unitemized GrantFY2023$226,640
Unitemized GrantFY2022$29,965,469
Unitemized GrantFY2022$3,047,241
Unitemized GrantFY2022$1,443,669
Unitemized GrantFY2022$182,488
Unitemized GrantFY2021$27,137,329
Unitemized GrantFY2021$3,126,653
Unitemized GrantFY2021$1,541,250
Unitemized GrantFY2021$1,191,146
Unitemized GrantFY2021$299,589
Unitemized GrantFY2020$23,261,993
See all 26 grants →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$76.1M
Ln 12
Fees for servicesLn 2g$52.0M
Gifts and grantsLn 1h$20.6M
Investment incomeLn 3$3.0M
Money outPt IX
$69.0M
Ln 25
Programscol B$61.1M
Managementcol C$5.3M
Fundraisingcol D$2.6M
Owns and owesPt X
$167.1M
net assets · Ln 32
Cash and savingsLn 1–2$10.7M
Total assetsLn 16$214.5M
LiabilitiesLn 26$47.4M
PeoplePt VI, VII
47
listed · VII A
PaidVII A8
Voting boardVI 1a33
IndependentVI 1b33
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$20.6M
Government grantsLn 1e$457K
Noncash giftsLn 1g$999K
Fees for servicesLn 2g$52.0M
Investment incomeLn 3$3.0M
Other incomeLn 4–11$406K
Gains on assetsLn 7$2.3M
Total revenueLn 12$76.1M
Assets in detailPt X, end of year
SavingsLn 2$10.7M
Cash and savings togetherLn 1–2$10.7M
InvestmentsLn 11–13$67.5M
Land, buildings, equipmentLn 10c$100.0M
Other assetsLn 15$9.6M
Total assetsLn 16$214.5M
LiabilitiesLn 26$47.4M
Net assetsLn 32$167.1M
OperationsPt I, VI
EmployeesI 5983
VolunteersI 6150
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$3.6M$10.7M
InvestmentsLn 11–13$68.9M$67.5M
Land, buildings, equipmentLn 10c$98.4M$100.0M
Total assetsLn 16$199.6M$214.5M
LiabilitiesLn 26$37.9M$47.4M
Net assetsLn 32$161.7M$167.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$27.0M$27.0M
Pay of current officers, directors and key staffLn 5$888K$655K$233K
Other salaries and wagesLn 7$16.3M$13.7M$1.3M$1.2M
Pension plan contributionsLn 8$1.3M$1.1M$141K$112K
Other employee benefitsLn 9$2.1M$1.7M$220K$174K
Payroll taxesLn 10$1.1M$918K$120K$95K
Management feesLn 11a$140K$65K$74K
Legal feesLn 11b$106K$5K$101K
Accounting feesLn 11c$51K$51K
Professional fundraising feesLn 11e$6K$6K
Investment management feesLn 11f$179K$179K
Other fees for servicesLn 11g$452K$224K$225K$3K
Advertising and promotionLn 12$988K$757K$99K$132K
Office expensesLn 13$1.5M$1.2M$81K$198K
Information technologyLn 14$475K$252K$174K$49K
OccupancyLn 16$908K$793K$87K$28K
TravelLn 17$1.5M$1.3M$84K$146K
Conferences, conventions and meetingsLn 19$53K$41K$6K$6K
InterestLn 20$1.1M$1.1M$37K
Depreciation, depletion and amortizationLn 22$5.4M$5.2M$132K$69K
InsuranceLn 23$606K$606K
Other expenses (24a–d)Ln 24$5.1M$4.7M$344K$49K
All other expensesLn 24e$1.7M$1.1M$543K$57K
Total functional expensesLn 25$69.0M$61.1M$5.3M$2.6M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $87.7M$86.3M$1.4M$200.1M 990 PDF
FY2024 $87.9M$86.3M$1.6M$191.2M 990 PDF
FY2023 $79.8M$83.9M−$4.1M$181.1M 990 PDF
FY2022 $83.9M$80.0M$3.8M$178.6M 990 PDF
FY2021 $87.7M$68.5M$19.2M$192.5M 990 PDF
FY2020 Viewing $76.1M$69.0M$7.1M$167.1M 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 M · Noncash J · Pay O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $76,089,428 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $10,272,332$20,619,159
I-9 Program service revenuePrior year $51,941,914$52,020,550
I-10 Investment incomePrior year $3,047,797$3,043,342
I-11 Other revenuePrior year $75,853$406,377
I-12 Total revenuePrior year $65,337,896$76,089,428
I-13 Grants and similar amounts paidPrior year $24,631,178$27,046,371
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $21,286,467$21,734,752
I-16a Professional fundraising feesPrior year $70,959$6,173
I-17 Other expensesPrior year $20,217,511$20,227,748
I-18 Total expensesPrior year $66,206,115$69,015,044
I-19 Revenue less expensesPrior year −$868,219$7,074,384
Part VI · Governance 33 of 33 board members independent, no flags
VI-1a Voting members of the governing body33
VI-1b Independent voting members33
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $76,089,428 across 11 lines filed
VIII-1e Government grants$456,612
VIII-1f All other contributions, gifts and grants$20,162,547
VIII-1g Noncash contributions (included above)$999,121
VIII-1h Total contributions, gifts and grants$20,619,159
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $52,020,550$52,020,550
VIII-3 Investment incomeUnrelated business $4,415 · Excluded from tax $723,395$727,810
VIII-6 Net rental income or lossExcluded from tax $45,453$45,453
VIII-7 Net gain or loss on sales of assetsExcluded from tax $2,315,532$2,315,532
VIII-8 Net income from fundraising eventsExcluded from tax −$22,575−$22,575
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $39,361 · Excluded from tax $344,138$383,499
VIII-12 Total revenueRelated to mission $52,020,550 · Unrelated business $43,776 · Excluded from tax $3,405,943$76,089,428
Part IX · Statement of functional expenses $69,015,044 across 23 lines filed
IX-2 Grants to domestic individualsPrograms $27,046,371$27,046,371
IX-5 Pay of current officers, directors and key staffManagement $655,194 · Fundraising $232,551$887,745
IX-7 Other salaries and wagesPrograms $13,745,208 · Management $1,337,902 · Fundraising $1,221,967$16,305,077
IX-8 Pension plan contributionsPrograms $1,080,795 · Management $141,398 · Fundraising $111,555$1,333,748
IX-9 Other employee benefitsPrograms $1,681,254 · Management $219,955 · Fundraising $173,532$2,074,741
IX-10 Payroll taxesPrograms $918,477 · Management $120,163 · Fundraising $94,801$1,133,441
IX-11a Management feesPrograms $65,268 · Management $74,412$139,680
IX-11b Legal feesPrograms $5,406 · Management $101,092$106,498
IX-11c Accounting feesManagement $50,842$50,842
IX-11e Professional fundraising feesFundraising $6,173$6,173
IX-11f Investment management feesManagement $178,612$178,612
IX-11g Other fees for servicesPrograms $223,781 · Management $225,282 · Fundraising $2,630$451,693
IX-12 Advertising and promotionPrograms $757,481 · Management $98,642 · Fundraising $131,512$987,635
IX-13 Office expensesPrograms $1,186,416 · Management $81,309 · Fundraising $197,542$1,465,267
IX-14 Information technologyPrograms $251,798 · Management $174,226 · Fundraising $49,073$475,097
IX-16 OccupancyPrograms $793,419 · Management $86,769 · Fundraising $28,113$908,301
IX-17 TravelPrograms $1,293,412 · Management $83,630 · Fundraising $146,457$1,523,499
IX-19 Conferences, conventions and meetingsPrograms $41,210 · Management $6,027 · Fundraising $5,737$52,974
IX-20 InterestPrograms $1,108,563 · Management $37,476$1,146,039
IX-22 Depreciation, depletion and amortizationPrograms $5,214,661 · Management $131,989 · Fundraising $68,609$5,415,259
IX-23 InsuranceManagement $606,481$606,481
IX-24 Other expenses (24a–d)Programs $4,670,700 · Management $343,850 · Fundraising $48,928$5,063,478
IX-24e All other expensesPrograms $1,056,658 · Management $542,865 · Fundraising $56,870$1,656,393
IX-25 Total functional expensesPrograms $61,140,878 · Management $5,298,116 · Fundraising $2,576,050$69,015,044
Part X · Balance sheet $214,513,669 assets, 19 lines filed
X-2 Savings and temporary cash investmentsStart of year $3,599,503$10,742,490
X-3 Pledges and grants receivableStart of year $17,675,399$24,928,007
X-4 Accounts receivableStart of year $307,304$626,448
X-8 Inventories for sale or useStart of year $73,150$66,331
X-9 Prepaid expenses and deferred chargesStart of year $801,608$1,048,619
X-10c Land, buildings and equipment, netStart of year $98,421,231$99,956,448
X-11 Publicly traded securitiesStart of year $60,901,548$60,793,462
X-12 Other securitiesStart of year $6,517,926$5,343,326
X-13 Program-related investmentsStart of year $1,506,427$1,372,811
X-15 Other assetsStart of year $9,827,095$9,635,727
X-16 Total assetsStart of year $199,631,191$214,513,669
X-17 Accounts payable and accrued expensesStart of year $4,022,689$2,914,079
X-20 Tax-exempt bond liabilitiesStart of year $28,011,900$38,283,352
X-25 Other liabilitiesStart of year $5,873,222$6,223,696
X-26 Total liabilitiesStart of year $37,911,269$47,421,127
X-27 Net assets without donor restrictionsStart of year $63,031,549$66,478,330
X-28 Net assets with donor restrictionsStart of year $98,688,373$100,614,212
X-32 Total net assets or fund balancesStart of year $161,719,922$167,092,542
X-33 Total liabilities and net assetsStart of year $199,631,191$214,513,669
Part XI · Reconciliation of net assets $167,092,542 net assets at year end
XI-1 Total revenue$76,089,428
XI-2 Total expenses$69,015,044
XI-3 Revenue less expenses$7,074,384
XI-4 Net assets at start of year$161,719,922
XI-5 Net unrealized gains (losses) on investments−$1,584,173
XI-9 Other changes in net assets−$117,591
XI-10 Net assets at end of year$167,092,542

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

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