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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
80 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
34 people listed on the 990; $2.1M paid to officers and key staff (Part VII, Section A).
Part VII, Section A · reportable compensation
President
$920,144Pt VII · Sec A
VP for Enrollment Management/Marketing
$174,225Pt VII · Sec A
VP for Engagement
$169,006Pt VII · Sec A
VP for Finance Administrat
$161,948Pt VII · Sec A
VP for Academic Affairs
$159,153Pt VII · Sec A
Founding Director of Nursing
$149,570Pt VII · Sec A
Director of Counseling
$131,134Pt VII · Sec A
VP for Student Development
$127,714Pt VII · Sec A
Director of PA Program
$115,765Pt 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
Trustee
$0Pt VII · Sec A
Treasurer
$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
Trustee
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Secretary
$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
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 2No
- 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 · FY2022
01
Instruction & related educational and general expenses of approximately 700 students.
Form 990 Part III, line 4, FY2022. 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 FY2023 990, line by line.
Download 990
1The main four
Money inPt VIII
$22.4M
Ln 12
Fees for servicesLn 2g$17.6M
Gifts and grantsLn 1h$5.6M
Investment incomeLn 3$1.3M
Money outPt IX
$30.6M
Ln 25
Programscol B$24.6M
Managementcol C$5.2M
Fundraisingcol D$764K
Owns and owesPt X
$84.1M
net assets · Ln 32
Cash and savingsLn 1–2$9.6M
Total assetsLn 16$99.7M
LiabilitiesLn 26$15.7M
PeoplePt VI, VII
34
listed · VII A
PaidVII A9
Voting boardVI 1a25
IndependentVI 1b25
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.6M
Government grantsLn 1e$134K
Noncash giftsLn 1g$246K
Fees for servicesLn 2g$17.6M
Investment incomeLn 3$1.3M
Gains on assetsLn 7−$2.3M
Total revenueLn 12$22.4M
Assets in detailPt X, end of year
CashLn 1$647K
SavingsLn 2$8.9M
Cash and savings togetherLn 1–2$9.6M
Pledges and grants receivableLn 3$7.3M
Accounts receivableLn 4$3.6M
Inventories for sale or useLn 8$28K
Prepaid expenses and deferred chargesLn 9$289K
Land, buildings, equipmentLn 10c$29.3M
InvestmentsLn 11–13$49.5M
Other assetsLn 15$137K
Total assetsLn 16$99.7M
LiabilitiesLn 26$15.7M
Net assetsLn 32$84.1M
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$6.3M
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$246K
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$116K
Share of the $56.7M endowmentSch D 1g0.20%
Typical, median of 2,202 orgs0.44%
EndowmentSch D · Pt V
| Line | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|
| End of yearLn 1g | $56.7M | $53.9M | $61.0M | $51.5M | $51.2M |
| AddedLn 1b | $668K | $333K | $309K | $2.4M | $66K |
| SpentLn 1d–1f | $3.2M | $3.5M | $2.0M | $3.5M | $2.2M |
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $14.0M | $9.6M |
| InvestmentsLn 11–13 | $46.8M | $49.5M |
| Land, buildings, equipmentLn 10c | $27.5M | $29.3M |
| Total assetsLn 16 | $102.4M | $99.7M |
| LiabilitiesLn 26 | $16.5M | $15.7M |
| Net assetsLn 32 | $85.9M | $84.1M |
5Every line
Statement of functional expensesPt IX · every line
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $5.6M | $5.6M | ||
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $1.9M | $641K | $1.3M | |
| Other salaries and wagesLn 7 | $9.4M | $6.6M | $2.4M | $425K |
| Other employee benefitsLn 9 | $1.3M | $1.1M | $101K | $71K |
| Legal feesLn 11b | $26K | $26K | ||
| Accounting feesLn 11c | $115K | $115K | ||
| Investment management feesLn 11f | $116K | $116K | ||
| Other fees for servicesLn 11g | $3.3M | $2.2M | $1.1M | $39K |
| Advertising and promotionLn 12 | $491K | $102K | $389K | |
| Office expensesLn 13 | $1.4M | $550K | $761K | $58K |
| OccupancyLn 16 | $1.3M | $57K | $1.2M | |
| TravelLn 17 | $247K | $164K | $35K | $48K |
| InterestLn 20 | $449K | $449K | ||
| Depreciation, depletion and amortizationLn 22 | $2.4M | $2.3M | $120K | $16K |
| InsuranceLn 23 | $793K | $4K | $789K | |
| Other expenses (24a–d)Ln 24 | $1.7M | $4.9M | −$3.2M | $107K |
| Total functional expensesLn 25 | $30.6M | $24.6M | $5.2M | $764K |
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 |
| FY2023 ViewingFiled 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 |
| FY2020Filed 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 FY2023 990
Part I · Summary $22,350,691 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $21,487,591$5,639,895
I-9 Program service revenuePrior year $17,322,754$17,626,759
I-10 Investment incomePrior year $732,315−$958,283
I-11 Other revenuePrior year $27,827$42,320
I-12 Total revenuePrior year $39,570,487$22,350,691
I-13 Grants and similar amounts paidPrior year $6,158,782$5,592,574
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $11,457,847$12,625,579
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $10,831,361$12,403,271
I-18 Total expensesPrior year $28,447,990$30,621,424
I-19 Revenue less expensesPrior year $11,122,497−$8,270,733
Part VI · Governance 25 of 25 board members independent, no flags
VI-1a Voting members of the governing body25
VI-1b Independent voting members25
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 $22,350,691 across 9 lines filed
Lines not itemized here account for $49,878 of total revenue; see the IRS return.
VIII-1e Government grants$134,495
VIII-1f All other contributions, gifts and grants$5,505,400
VIII-1g Noncash contributions (included above)$245,892
VIII-1h Total contributions, gifts and grants$5,639,895
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $17,576,881$17,576,881
VIII-3 Investment incomeExcluded from tax $1,329,600$1,329,600
VIII-5 RoyaltiesExcluded from tax $42,320$42,320
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$2,287,883−$2,287,883
VIII-12 Total revenueRelated to mission $17,626,759 · Unrelated business $0 · Excluded from tax −$915,963$22,350,691
Part IX · Statement of functional expenses $30,621,424 across 16 lines filed
IX-2 Grants to domestic individualsPrograms $5,592,574$5,592,574
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $641,113 · Management $1,277,711$1,918,824
IX-7 Other salaries and wagesPrograms $6,572,769 · Management $2,418,843 · Fundraising $425,010$9,416,622
IX-9 Other employee benefitsPrograms $1,117,576 · Management $101,120 · Fundraising $71,437$1,290,133
IX-11b Legal feesManagement $26,047$26,047
IX-11c Accounting feesManagement $115,254$115,254
IX-11f Investment management feesManagement $115,805$115,805
IX-11g Other fees for servicesPrograms $2,223,449 · Management $1,075,328 · Fundraising $38,642$3,337,419
IX-12 Advertising and promotionPrograms $101,917 · Management $389,370$491,287
IX-13 Office expensesPrograms $550,159 · Management $761,302 · Fundraising $58,416$1,369,877
IX-16 OccupancyPrograms $56,567 · Management $1,224,099$1,280,666
IX-17 TravelPrograms $164,136 · Management $34,787 · Fundraising $47,674$246,597
IX-20 InterestPrograms $449,158$449,158
IX-22 Depreciation, depletion and amortizationPrograms $2,300,702 · Management $120,122 · Fundraising $16,016$2,436,840
IX-23 InsurancePrograms $4,001 · Management $789,204$793,205
IX-24 Other expenses (24a–d)Programs $4,860,500 · Management −$3,226,452 · Fundraising $107,068$1,741,116
IX-25 Total functional expensesPrograms $24,634,621 · Management $5,222,540 · Fundraising $764,263$30,621,424
Part X · Balance sheet $99,747,006 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $1,443,489$647,199
X-2 Savings and temporary cash investmentsStart of year $12,585,641$8,913,568
X-3 Pledges and grants receivableStart of year $9,895,976$7,272,752
X-4 Accounts receivableStart of year $3,515,076$3,633,724
X-8 Inventories for sale or useStart of year $14,286$27,617
X-9 Prepaid expenses and deferred chargesStart of year $397,300$288,684
X-10c Land, buildings and equipment, netStart of year $27,538,503$29,334,535
X-11 Publicly traded securitiesStart of year $45,788,918$48,724,382
X-12 Other securitiesStart of year $457,438$185,101
X-13 Program-related investmentsStart of year $600,334$582,689
X-15 Other assetsStart of year $128,026$136,755
X-16 Total assetsStart of year $102,364,987$99,747,006
X-17 Accounts payable and accrued expensesStart of year $2,538,996$1,867,378
X-18 Grants payableStart of year $547,358$490,383
X-19 Deferred revenueStart of year $817,763$857,972
X-20 Tax-exempt bond liabilitiesStart of year $6,431,635$6,261,795
X-25 Other liabilitiesStart of year $6,120,478$6,203,681
X-26 Total liabilitiesStart of year $16,456,230$15,681,209
X-27 Net assets without donor restrictionsStart of year $20,402,303$18,592,974
X-28 Net assets with donor restrictionsStart of year $65,506,454$65,472,823
X-32 Total net assets or fund balancesStart of year $85,908,757$84,065,797
X-33 Total liabilities and net assetsStart of year $102,364,987$99,747,006
Part XI · Reconciliation of net assets $84,065,797 net assets at year end
XI-1 Total revenue$22,350,691
XI-2 Total expenses$30,621,424
XI-3 Revenue less expenses−$8,270,733
XI-4 Net assets at start of year$85,908,757
XI-5 Net unrealized gains (losses) on investments$6,430,669
XI-9 Other changes in net assets−$2,896
XI-10 Net assets at end of year$84,065,797
Form 990 e-file FY2023 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File
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