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Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1944.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
85 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
30 people listed on the 990; $1.2M paid to officers and key staff (Part VII, Section A).
Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
President
$400,587Pt VII · Sec A
VP - Institutional Adavanc
$169,458Pt VII · Sec A
VP - Enrollment Management
$123,144Pt VII · Sec A
VP - Academic Affairs
$120,413Pt VII · Sec A
Dean, Performing Arts
$116,786Pt VII · Sec A
Dean of Health Science
$106,126Pt VII · Sec A
Program Director Assistant
$105,108Pt VII · Sec A
VP for Finance Administration
$89,752Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Chair of the Board
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Dianne Lynch’s $574K as President is at the 92nd 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
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Dianne Lynch | $574,264 | $552,146 | $920,144 | $512,396 | $385,957 | $400,587 |
| Derrell Lamont Carter | $201,513 | $193,312 | $174,225 | $59,930 | — | — |
| Gina Sholtis | — | $37,194 | $169,006 | $194,898 | $195,922 | $169,458 |
| Leslie Willey | $174,828 | $170,340 | $159,153 | $131,532 | $119,132 | $120,413 |
| Noreen Marie Houck | $172,858 | $161,006 | $149,570 | $137,401 | $152,535 | — |
| Dane Fuhrman | — | $168,161 | $161,948 | $135,811 | $113,624 | $89,752 |
| Shannon Walls | $163,716 | $148,588 | — | — | — | — |
| Aron Gish | $162,576 | $132,903 | — | — | — | — |
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 Stephens College executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Offers degrees to traditional and nontraditional students.
Questions for Stephens College
Your first name shows with your question. Stephens College answers here, for everyone.
1 program · $24.6M · in their own filed words · FY2019
01
Instruction & related educational and general expenses of more than 1,000 full-time & part-time students.
Form 990 Part III, line 4, FY2019. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 43-0670936) · Dispute this line$24.6Mprogram 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
Gertrude Emilie Braun TrustFY2025$6K
Total grants receivedfrom 3 funders$21K
Grants paid · 15 grants · $38.1M · 2019–2024
Unitemized GrantFY2024$5,640,566
Unitemized GrantFY2024$1,822,555
Unitemized GrantFY2023$4,511,704
Unitemized GrantFY2023$1,342,492
Unitemized GrantFY2022$4,475,698
Unitemized GrantFY2022$1,116,876
Unitemized GrantFY2021$3,904,436
Unitemized GrantFY2021$1,275,843
Unitemized GrantFY2021$978,503
Unitemized GrantFY2020$4,523,239
Unitemized GrantFY2020$955,512
Unitemized GrantFY2020$474,625
Unitemized GrantFY2019$5,699,412
Unitemized GrantFY2019$1,180,862
Unitemized GrantFY2019$155,727
Federal money
Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Jun 2025 · $7.8M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$6.1M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$1.4M
Fund for the Improvement of Postsecondary EducationDepartment of Education · ALN 84.116 · Direct$157K
Coronavirus State and Local Fiscal Recovery FundsDepartment of the Treasury · ALN 21.027 · Through Boone County$81K
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$77K
Plus 1 smaller program.
The auditor reported: a weakness in money controls.
Year ending Jun 2024 · $7.9M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$6.7M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$979K
Fund for the Improvement of Postsecondary EducationDepartment of Education · ALN 84.116 · Direct$104K
Federal Supplemental Educational Opportunity GrantsDepartment of Education · ALN 84.007 · Direct$63K
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$56K
The auditor reported 2 findings: a weakness in money controls.
Year ending Jun 2023 · $7.6M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$6.6M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$921K
Federal Supplemental Educational Opportunity GrantsDepartment of Education · ALN 84.007 · Direct$62K
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$60K
The auditor reported no findings.
Year ending Jun 2022 · $10.6M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$7.0M
Education Stabilization FundDepartment of Education · ALN 84.425 · Direct$2.0M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$914K
Federal Perkins ProgramDepartment of Education · ALN 84.038 · Direct$600K
Federal Supplemental Educational Opportunity GrantsDepartment of Education · ALN 84.007 · Direct$49K
Plus 1 smaller program.
The auditor reported 5 findings.
By the numbers
The FY2020 990, line by line.
Download 990
1The main four
Money inPt VIII
$25.1M
Ln 12
Fees for servicesLn 2g$19.0M
Gifts and grantsLn 1h$5.9M
Investment incomeLn 3$118K
Money outPt IX
$29.0M
Ln 25
Programscol B$24.6M
Managementcol C$3.6M
Fundraisingcol D$829K
Owns and owesPt X
$64.3M
net assets · Ln 32
Cash and savingsLn 1–2$7.5M
Total assetsLn 16$79.4M
LiabilitiesLn 26$15.2M
PeoplePt VI, VII
30
listed · VII A
PaidVII A8
Voting boardVI 1a22
IndependentVI 1b22
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.9M
Government grantsLn 1e$2.6M
Noncash giftsLn 1g$236K
Fees for servicesLn 2g$19.0M
Investment incomeLn 3$118K
Other incomeLn 4–11$66K
Gains on assetsLn 7−$23K
Total revenueLn 12$25.1M
Assets in detailPt X, end of year
CashLn 1$704K
SavingsLn 2$6.8M
Cash and savings togetherLn 1–2$7.5M
Pledges and grants receivableLn 3$842K
Accounts receivableLn 4$307K
Inventories for sale or useLn 8$91K
Prepaid expenses and deferred chargesLn 9$167K
Land, buildings, equipmentLn 10c$27.9M
InvestmentsLn 11–13$42.7M
Total assetsLn 16$79.4M
LiabilitiesLn 26$15.2M
Net assetsLn 32$64.3M
OperationsPt I, VI
EmployeesI 5526
VolunteersI 625
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
BondsSch K, Pt X
Tax-exempt bond debt owedX 20$6.8M
Bond issues listedSch K Pt I1
Raised by those issuesSch K Pt I$7.9M
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$232K
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$98K
Share of the $51.5M endowmentSch D 1g0.19%
Typical, median of 2,202 orgs0.44%
EndowmentSch D · Pt V
| Line | FY20 | FY19 | FY18 | FY17 | FY16 |
|---|---|---|---|---|---|
| End of yearLn 1g | $51.5M | $51.2M | $49.5M | $46.8M | $42.9M |
| AddedLn 1b | $2.4M | $66K | $195K | $94K | $100K |
| SpentLn 1d–1f | $3.5M | $2.2M | $2.3M | $2.6M | $3.7M |
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $7.1M | $7.5M |
| InvestmentsLn 11–13 | $44.2M | $42.7M |
| Land, buildings, equipmentLn 10c | $29.6M | $27.9M |
| Total assetsLn 16 | $82.1M | $79.4M |
| LiabilitiesLn 26 | $15.0M | $15.2M |
| Net assetsLn 32 | $67.0M | $64.3M |
5Every line
Statement of functional expensesPt IX · every line
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $7.0M | $7.0M | ||
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $1.1M | $472K | $676K | |
| Other salaries and wagesLn 7 | $9.8M | $6.9M | $2.3M | $595K |
| Pension plan contributionsLn 8 | $1.7M | $1.1M | $526K | $87K |
| Legal feesLn 11b | $59K | $59K | ||
| Accounting feesLn 11c | $97K | $97K | ||
| Investment management feesLn 11f | $98K | $98K | ||
| Other fees for servicesLn 11g | $1.8M | $1.3M | $490K | $28K |
| Advertising and promotionLn 12 | $209K | $208K | $684 | $248 |
| Office expensesLn 13 | $1.4M | $890K | $497K | $44K |
| OccupancyLn 16 | $1.1M | $70K | $1.0M | |
| TravelLn 17 | $200K | $142K | $30K | $28K |
| InterestLn 20 | $475K | $475K | ||
| Depreciation, depletion and amortizationLn 22 | $2.3M | $2.2M | $120K | $14K |
| InsuranceLn 23 | $470K | $3K | $467K | |
| Other expenses (24a–d)Ln 24 | $1.0M | $3.8M | −$2.8M | $34K |
| Total functional expensesLn 25 | $29.0M | $24.6M | $3.6M | $829K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 LatestFiled with the IRS Jan 14, 2026 | $32.5M | $34.9M | −$2.4M | $79.1M | 990 PDF |
| FY2024Filed with the IRS May 12, 2025 | $23.7M | $32.4M | −$8.7M | $80.5M | 990 PDF |
| FY2023Filed with the IRS May 9, 2024 | $22.4M | $30.6M | −$8.3M | $84.1M | 990 PDF |
| FY2022Filed with the IRS May 15, 2023 | $39.6M | $28.4M | $11.1M | $85.9M | 990 PDF |
| FY2021Filed with the IRS May 16, 2022 | $28.4M | $25.0M | $3.4M | $78.9M | 990 PDF |
| FY2020 ViewingFiled with the IRS May 17, 2021 | $25.1M | $29.0M | −$3.9M | $64.3M | 990 PDF |
Schedules filed Part IV
A · Public support
D · Assets and endowments
I · Grants
J · Pay
M · Noncash
O · Explanations
See the full FY2020 990
Part I · Summary $25,091,937 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $54,633,223$5,918,200
I-9 Program service revenuePrior year $22,478,702$18,988,974
I-10 Investment incomePrior year $172,726$118,291
I-11 Other revenuePrior year $16,197$66,472
I-12 Total revenuePrior year $77,300,848$25,091,937
I-13 Grants and similar amounts paidPrior year $7,931,698$7,036,001
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $12,352,409$12,625,606
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $10,966,709$9,340,026
I-18 Total expensesPrior year $31,250,816$29,001,633
I-19 Revenue less expensesPrior year $46,050,032−$3,909,696
Part VI · Governance 22 of 22 board members independent, 1 to look at
VI-1a Voting members of the governing body22
VI-1b Independent voting members22
VI-2 Family or business relationship among officers or directorsYes
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 $25,091,937 across 9 lines filed
Lines not itemized here account for $141,141 of total revenue; see the IRS return.
VIII-1e Government grants$2,575,386
VIII-1f All other contributions, gifts and grants$3,342,814
VIII-1g Noncash contributions (included above)$236,055
VIII-1h Total contributions, gifts and grants$5,918,200
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $18,847,833$18,847,833
VIII-3 Investment incomeExcluded from tax $141,030$141,030
VIII-5 RoyaltiesExcluded from tax $66,472$66,472
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$22,739−$22,739
VIII-12 Total revenueRelated to mission $18,972,590 · Unrelated business $16,384 · Excluded from tax $184,763$25,091,937
Part IX · Statement of functional expenses $29,001,633 across 16 lines filed
IX-2 Grants to domestic individualsPrograms $7,036,001$7,036,001
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $471,677 · Management $675,970$1,147,647
IX-7 Other salaries and wagesPrograms $6,877,737 · Management $2,291,280 · Fundraising $595,047$9,764,064
IX-8 Pension plan contributionsPrograms $1,101,233 · Management $526,151 · Fundraising $86,511$1,713,895
IX-11b Legal feesManagement $58,829$58,829
IX-11c Accounting feesManagement $96,698$96,698
IX-11f Investment management feesManagement $97,774$97,774
IX-11g Other fees for servicesPrograms $1,328,941 · Management $490,257 · Fundraising $28,147$1,847,345
IX-12 Advertising and promotionPrograms $208,196 · Management $684 · Fundraising $248$209,128
IX-13 Office expensesPrograms $890,445 · Management $496,881 · Fundraising $43,573$1,430,899
IX-16 OccupancyPrograms $70,011 · Management $1,039,394$1,109,405
IX-17 TravelPrograms $141,880 · Management $30,116 · Fundraising $27,551$199,547
IX-20 InterestPrograms $474,725$474,725
IX-22 Depreciation, depletion and amortizationPrograms $2,168,192 · Management $120,362 · Fundraising $14,214$2,302,768
IX-23 InsurancePrograms $3,494 · Management $466,756$470,250
IX-24 Other expenses (24a–d)Programs $3,799,961 · Management −$2,791,365 · Fundraising $34,062$1,042,658
IX-25 Total functional expensesPrograms $24,572,493 · Management $3,599,787 · Fundraising $829,353$29,001,633
Part X · Balance sheet $79,442,281 assets, 21 lines filed
X-1 Cash, non-interest-bearingStart of year $211,338$703,793
X-2 Savings and temporary cash investmentsStart of year $6,843,342$6,764,947
X-3 Pledges and grants receivableStart of year $644,117$842,322
X-4 Accounts receivableStart of year $186,584$307,045
X-8 Inventories for sale or useStart of year $71,881$90,751
X-9 Prepaid expenses and deferred chargesStart of year $240,973$167,103
X-10c Land, buildings and equipment, netStart of year $29,647,082$27,901,116
X-11 Publicly traded securitiesStart of year $43,183,841$41,658,287
X-12 Other securitiesStart of year $179,017$276,993
X-13 Program-related investmentsStart of year $844,766$729,924
X-16 Total assetsStart of year $82,052,941$79,442,281
X-17 Accounts payable and accrued expensesStart of year $1,423,633$1,553,014
X-18 Grants payableStart of year $784,764$806,743
X-19 Deferred revenueStart of year $671,382$697,248
X-20 Tax-exempt bond liabilitiesStart of year $6,906,154$6,756,314
X-25 Other liabilitiesStart of year $5,257,366$5,358,928
X-26 Total liabilitiesStart of year $15,043,299$15,172,247
X-27 Net assets without donor restrictionsStart of year $13,646,172$12,096,940
X-28 Net assets with donor restrictionsStart of year $53,363,470$52,173,094
X-32 Total net assets or fund balancesStart of year $67,009,642$64,270,034
X-33 Total liabilities and net assetsStart of year $82,052,941$79,442,281
Part XI · Reconciliation of net assets $64,270,034 net assets at year end
XI-1 Total revenue$25,091,937
XI-2 Total expenses$29,001,633
XI-3 Revenue less expenses−$3,909,696
XI-4 Net assets at start of year$67,009,642
XI-5 Net unrealized gains (losses) on investments$1,180,090
XI-9 Other changes in net assets−$10,002
XI-10 Net assets at end of year$64,270,034
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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