Central College FY2022 filing

Tax-deductible

Pella, IA501(c)(3)Since 1853Colleges & UniversitiesEIN 42-0680344Revenue $50.6M in FY2022

On file with the IRScentral.edu812 University St, 50219-1902 · Pella, IATax-exempt since Sep 1939School — 170(b)(1)(A)(ii)

This page gets seen. Tell your story. Claim this org.

Central College is a residential liberal arts College dedicated to helping students discover and develop their greatest potential. Guided by its ecumenical christian tradition, the College community engages in vigorous, open inquiry in pursuit of academic excellence. The College nurtures the developoment of the mind, while fostering spiritual and emotional maturity and physical well-being. Central integrates career prepartation with the development of values essential to responsible citizenship, empowering graduates for effective service in local, national, and international communities.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
$1.5M 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

FY2022 · Form 990-TIndependent: 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-T
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average surplus $877K a year · 2% of revenue · last 6 filings
Worth a look: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.5M
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.4 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $945K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$72.9M
39% of total assets
Looks good: liabilities are 39% 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
$50.6M
-3% vs prior year
Spent
$51.2M
To programs
87%
Net assets
$114.8M
By yearFY2020–FY2025
Revenue
$50.6M
FY2022▼ -3%
Tap a bar for its year
Revenue by fiscal year
FY2020$65.4M
FY2021$52.4M
FY2022$50.6M
FY2023$50.3M
FY2024$51.7M
FY2025$70.0M
Expenses
$51.2M
FY2022▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020$70.9M
FY2021$50.4M
FY2022$51.2M
FY2023$54.4M
FY2024$53.9M
FY2025$54.4M
Net assets
$114.8M
FY2022▼ -6%
Tap a bar for its year
Net assets by fiscal year
FY2020$102.7M
FY2021$121.9M
FY2022$114.8M
FY2023$106.8M
FY2024$106.0M
FY2025$119.3M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2022 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 1939.

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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $44.6M Management & general 7% · $3.4M Fundraising 6% · $3.2M

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

Something off? The org can add a note here. Claim this org to fix it.

Who runs it and what they're paid

49 people listed on the 990-T; $1.5M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$288,713Pt VII · Sec A
VP Academics
$197,958Pt VII · Sec A
VP Finance &
$193,397Pt VII · Sec A
VP Enrollmen
$154,569Pt VII · Sec A
VP Developme
$147,012Pt VII · Sec A
$127,781Pt VII · Sec A
$110,593Pt VII · Sec A
Dean of Enro
$109,272Pt VII · Sec A

Mark Putnam’s $278K as President is at the 60th 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
Mark Putnam - President——$274,232$288,713$267,719$263,842
Mark Putnam$278,487$279,236————
Mary Strey$201,336$202,637$196,533$197,958$194,086$191,850
Thomas Johnson——$87,974$193,397$189,571$186,074
Karen Tumlinson$165,712$167,406$84,931———
Sunny Eighmy$155,385$155,385$150,375$147,012$137,898—
Carol Williamson——$152,612$154,569$150,510$155,258
Karmen Ten Napel$150,375—————

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 Central College executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

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 a four-year residential liberal arts undergraduate education, supporting students through counseling, extracurricular activities, wellness programs, and student government.

Questions for Central College

Tap to ask. Central College sees how many people are interested.

Your first name shows with your question. Central College answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

3 programs · $42.9M · in their own filed words · FY2021
01

Provided educational services related to classroom teaching, laboratory experiences, and program service to 1,139 students, including 1,101 receiving institutional financial assistance.

$22.9Mprogram expense
02

Provided room and board on a residential campus to 1,064 students living in residential units and 1,046 students with board contracts.

$10.7Mprogram expense
03

Expenses related to providing personal services and activities for students at a residential college, including counseling, extra-curricular activities, wellness, admissions, and student government.

$9.3Mprogram 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$945K
Grants paid · 12 grants · $65.3M · 2019–2024
Unitemized GrantFY2024$5,561,378
Unitemized GrantFY2024$3,378,564
Unitemized GrantFY2023$6,348,413
Unitemized GrantFY2023$1,979,290
Unitemized GrantFY2022$5,581,487
Unitemized GrantFY2022$2,523,304
Unitemized GrantFY2021$5,352,958
Unitemized GrantFY2021$1,901,037
Unitemized GrantFY2020$4,635,300
Unitemized GrantFY2020$1,571,352
Unitemized GrantFY2019$24,656,904
Unitemized GrantFY2019$1,828,233

By the numbers

The FY2022 990-T, line by line.

1The main four
Money in
$50.6M
Fees for services$35.9M
Gifts and grants$8.0M
Investment income$6.6M
Money out
$51.2M
Programs$44.6M
Management$3.4M
Fundraising$3.2M
Owns and owes
$114.8M
net assets
Cash and savings$1.7M
Total assets$187.6M
Liabilities$72.9M
People
49
listed
Paid10
Voting board38
Independent38
2In more detail
Revenue in detail
Gifts and grants$8.0M
Fees for services$35.9M
Investment income$6.6M
Other income$28K
Total revenue$50.6M
Assets in detailEnd of year
Cash and savings together$1.7M
Total assets$187.6M
Liabilities$72.9M
Net assets$114.8M
Operations
Employees1,224
Volunteers50
Fiscal year endsJune
Conflict-of-interest policyYes
Whistleblower policyYes
Records policyYes

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $70.0M$54.4M$15.6M$119.3M 990 PDF
FY2024 $51.7M$53.9M−$2.1M$106.0M 990 PDF
FY2023 $50.3M$54.4M−$4.1M$106.8M 990 PDF
FY2022 Viewing $50.6M$51.2M−$547K$114.8M 990 PDF
FY2021 $52.4M$50.4M$2.0M$121.9M 990 PDF
FY2020 $65.4M$70.9M−$5.6M$102.7M 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.