Allen College

Tax-deductible

Waterloo, IA501(c)(3)Since 1989EIN 42-1351526Revenue $11.5M in FY2024

On file with the IRSallencollege.edu1825 Logan Ave, 50703-1916 · Waterloo, IATax-exempt since Sep 1991School — 170(b)(1)(A)(ii)

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To prepare competent healthcare professionals through educational programs of excellence.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
Run by 7 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $286K a year · 2% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.5 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $1.1M
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.8M
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 9 voting members
Looks good: 8 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$11.5M
-6% vs prior year
Spent
$13.3M
To programs
83%
Net assets
$30.0M
By yearFY2020–FY2024
Revenue
$11.5M
FY2024▼ -6%
Tap a bar for its year
Revenue by fiscal year
FY2020$13.2M
FY2021$14.2M
FY2022$12.2M
FY2023$12.2M
FY2024$11.5M
Expenses
$13.3M
FY2024▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2020$11.5M
FY2021$13.0M
FY2022$12.0M
FY2023$12.0M
FY2024$13.3M
Net assets
$30.0M
FY2024▲ +0.9%
Tap a bar for its year
Net assets by fiscal year
FY2020$14.3M
FY2021$30.0M
FY2022$29.0M
FY2023$29.7M
FY2024$30.0M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1991.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $11.0M Management & general 17% · $2.3M

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

13 people listed on the 990.

Part VII, Section A · reportable compensation
Board Member & Market President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Treasurer/Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Allen College 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

Prepares future healthcare professionals through excellent academic programs and provides merit- and service-based scholarships to support its students.

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Provided by the organization

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2 programs · $11.0M · in their own filed words · FY2024
01

Educationallen college is an accredited, private, non-profit, multi-purpose college for nursing and health sciences. To provide general education courses, allen college has developed partnerships with many colleges and universities in iowa.

$9.8Mprogram expense
02

Scholarshipsallen college provides scholarships to its students based on academic, social and community service criteria that are established in part by donors who contribute funds for these types of scholarships. A scholarship committee is used to determine eligibility and recommend recipients.

$1.2Mprogram 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 · FY2024
See all 7 funders →
Grants paid · 7 grants · $7.4M · 2020–2024
Unitemized GrantFY2024$1,222,241
Unitemized GrantFY2023$1,055,028
Unitemized GrantFY2022$1,294,667
Unitemized GrantFY2021$1,204,779
Unitemized GrantFY2021$683,830
Unitemized GrantFY2020$1,209,752

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$11.5M
Ln 12
Fees for servicesLn 2g$10.1M
Gifts and grantsLn 1h$1.4M
Other incomeLn 4–11$22K
Money outPt IX
$13.3M
Ln 25
Programscol B$11.0M
Managementcol C$2.3M
Owns and owesPt X
$30.0M
net assets · Ln 32
Cash and savingsLn 1–2$563K
Total assetsLn 16$31.8M
LiabilitiesLn 26$1.8M
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.4M
Government grantsLn 1e$371K
Fees for servicesLn 2g$10.1M
Investment incomeLn 3$26
Other incomeLn 4–11$22K
Total revenueLn 12$11.5M
Assets in detailPt X, end of year
CashLn 1$563K
Cash and savings togetherLn 1–2$563K
InvestmentsLn 11–13$17.9M
Other assetsLn 15−$68
Total assetsLn 16$31.8M
LiabilitiesLn 26$1.8M
Net assetsLn 32$30.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$508K$563K
InvestmentsLn 11–13$15.8M$17.9M
Total assetsLn 16$31.3M$31.8M
LiabilitiesLn 26$1.5M$1.8M
Net assetsLn 32$29.7M$30.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$700K$700K
Grants to domestic individualsLn 2$1.2M$1.2M
Pay of current officers, directors and key staffLn 5$365K$365K
Other salaries and wagesLn 7$7.0M$6.0M$985K
Pension plan contributionsLn 8$344K$295K$49K
Other employee benefitsLn 9$925K$795K$131K
Payroll taxesLn 10$497K$427K$70K
Legal feesLn 11b$4K$4K
Investment management feesLn 11f$24K$24K$1
Other fees for servicesLn 11g$429K$424K$6K
Advertising and promotionLn 12$187K$179K$8K
Office expensesLn 13$508K$486K$22K
OccupancyLn 16$306K$306K
TravelLn 17$24K$24K$137
Conferences, conventions and meetingsLn 19$15K$15K$550
Depreciation, depletion and amortizationLn 22$950$950
Other expenses (24a–d)Ln 24$725K$106K$619K
Total functional expensesLn 25$13.3M$11.0M$2.3M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $11.5M$13.3M−$1.8M$30.0M 990 PDF
FY2023 $12.2M$12.0M$143K$29.7M 990 PDF
FY2022 $12.2M$12.0M$181K$29.0M 990 PDF
FY2021 $14.2M$13.0M$1.2M$30.0M 990 PDF
FY2020 $13.2M$11.5M$1.7M$14.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $11,466,960 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,982,151$1,392,553
I-9 Program service revenuePrior year $10,164,540$10,052,837
I-10 Investment incomePrior year −$1,077$26
I-11 Other revenuePrior year $35,713$21,544
I-12 Total revenuePrior year $12,181,327$11,466,960
I-13 Grants and similar amounts paidPrior year $1,055,028$1,922,491
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $8,810,277$9,112,507
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,172,728$2,224,005
I-18 Total expensesPrior year $12,038,033$13,259,003
I-19 Revenue less expensesPrior year $143,294−$1,792,043
Part VI · Governance 8 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members8
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 $11,466,960 across 7 lines filed
VIII-1d Related organizations$1,021,744
VIII-1e Government grants$370,809
VIII-1h Total contributions, gifts and grants$1,392,553
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $10,052,837$10,052,837
VIII-3 Investment incomeExcluded from tax $26$26
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $21,544$21,544
VIII-12 Total revenueRelated to mission $10,074,381 · Unrelated business $0 · Excluded from tax $26$11,466,960
Part IX · Statement of functional expenses $13,259,003 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $700,250$700,250
IX-2 Grants to domestic individualsPrograms $1,222,241$1,222,241
IX-5 Pay of current officers, directors and key staffManagement $364,687$364,687
IX-7 Other salaries and wagesPrograms $5,996,007 · Management $985,395$6,981,402
IX-8 Pension plan contributionsPrograms $295,250 · Management $48,522$343,772
IX-9 Other employee benefitsPrograms $794,864 · Management $130,630$925,494
IX-10 Payroll taxesPrograms $426,981 · Management $70,171$497,152
IX-11b Legal feesManagement $4,461$4,461
IX-11f Investment management feesPrograms $23,925 · Management $1$23,926
IX-11g Other fees for servicesPrograms $423,662 · Management $5,744$429,406
IX-12 Advertising and promotionPrograms $178,539 · Management $8,207$186,746
IX-13 Office expensesPrograms $486,199 · Management $21,783$507,982
IX-16 OccupancyPrograms $306,352$306,352
IX-17 TravelPrograms $23,966 · Management $137$24,103
IX-19 Conferences, conventions and meetingsPrograms $14,693 · Management $550$15,243
IX-22 Depreciation, depletion and amortizationPrograms $950$950
IX-24 Other expenses (24a–d)Programs $105,562 · Management $619,274$724,836
IX-25 Total functional expensesPrograms $10,999,441 · Management $2,259,562 · Fundraising $0$13,259,003
Part X · Balance sheet $31,780,793 assets, 13 lines filed
Asset lines not itemized here account for $13,160,309; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $508,301$563,399
X-9 Prepaid expenses and deferred chargesStart of year $151,343$197,343
X-13 Program-related investmentsStart of year $15,790,547$17,859,810
X-15 Other assetsStart of year −$68−$68
X-16 Total assetsStart of year $31,254,513$31,780,793
X-17 Accounts payable and accrued expensesStart of year $709,930$853,863
X-19 Deferred revenueStart of year $11,617−$23,699
X-25 Other liabilitiesStart of year $789,759$930,202
X-26 Total liabilitiesStart of year $1,511,306$1,760,366
X-27 Net assets without donor restrictionsStart of year $13,977,637$12,186,927
X-28 Net assets with donor restrictionsStart of year $15,765,570$17,833,500
X-32 Total net assets or fund balancesStart of year $29,743,207$30,020,427
X-33 Total liabilities and net assetsStart of year $31,254,513$31,780,793
Part XI · Reconciliation of net assets $30,020,427 net assets at year end
XI-1 Total revenue$11,466,960
XI-2 Total expenses$13,259,003
XI-3 Revenue less expenses−$1,792,043
XI-4 Net assets at start of year$29,743,207
XI-9 Other changes in net assets$2,069,263
XI-10 Net assets at end of year$30,020,427

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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