Baccalaureate degree granting institution of higher education.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
$227K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2021 · 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
1 of 6
filings with a surplus
Average deficit $1.0M a year · 5% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$227K
to officers and key staff · 1% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Plus $19.1M in investments, Pt X · Ln 11–13
Fine: 0.1 months of spending in cash, plus $19.1M in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $9K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$10.9M
23% of total assets
Looks good: liabilities are 23% of assets; 50% or less.
Pt X · Ln 26
Independent board members
19
of 19 voting members
Looks good: 19 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$23.2M
+19% vs prior year
Spent
$21.2M
To programs
88%
Net assets
$37.4M
By yearFY2020–FY2025
Revenue
$23.2M
FY2021▲ +19%
Tap a bar for its year
Revenue by fiscal year
FY2020$19.5M
FY2021$23.2M
FY2022$21.2M
FY2023$23.2M
FY2024$21.6M
FY2025$23.8M
Expenses
$21.2M
FY2021▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$20.4M
FY2021$21.2M
FY2022$23.5M
FY2023$23.8M
FY2024$25.0M
FY2025$24.8M
Net assets
$37.4M
FY2021▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2020$33.8M
FY2021$37.4M
FY2022$33.3M
FY2023$33.3M
FY2024$31.3M
FY2025$31.2M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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 Mar 1934.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $18.5M Management & general 11% · $2.3M Fundraising 1% · $310K

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

21 people listed on the 990; $227K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
College Pres
$164,395Pt VII · Sec A
$62,311Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$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

Scott Rich’s $191K as College Pres is at the 33rd 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 · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Scott Rich$191,119$191,119$185,670$177,170$164,395$164,250
Kenneth Brown$104,032$104,032$106,890$104,406——
Michelle Hall$65,621$65,621$65,843$65,610$62,311$62,311

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

Offers college degrees to help students earn bachelor's qualifications.

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Provided by the organization

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3 programs · $15.1M · in their own filed words · FY2020
01

Instruction instructional programs, servicing approximately 650 full-time students.

$10.8Mprogram expense
02

Student services financial aid advising, admissions, athletics and all other miscellaneous student services.

$3.3Mprogram expense
03

Academic support help students succeed academically by offering tutoring, disability services, and assistance with time management and study skills.

$977Kprogram 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 1 funder$9K
Grants paid · 5 grants · $40.1M · 2019–2023
Unitemized GrantFY2023$8,719,772
Unitemized GrantFY2022$8,617,552
Unitemized GrantFY2021$8,318,749
Unitemized GrantFY2020$7,401,702
Unitemized GrantFY2019$7,005,359

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$23.2M
Ln 12
Fees for servicesLn 2g$16.7M
Gifts and grantsLn 1h$6.3M
Investment incomeLn 3$154K
Money outPt IX
$21.2M
Ln 25
Programscol B$18.5M
Managementcol C$2.3M
Fundraisingcol D$310K
Owns and owesPt X
$37.4M
net assets · Ln 32
Cash and savingsLn 1–2$169K
Total assetsLn 16$48.2M
LiabilitiesLn 26$10.9M
PeoplePt VI, VII
21
listed · VII A
PaidVII A2
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6.3M
Government grantsLn 1e$4.7M
Noncash giftsLn 1g$500
Fees for servicesLn 2g$16.7M
Investment incomeLn 3$154K
Gains on assetsLn 7−$83K
Total revenueLn 12$23.2M
Assets in detailPt X, end of year
CashLn 1$169K
Cash and savings togetherLn 1–2$169K
InvestmentsLn 11–13$19.1M
Land, buildings, equipmentLn 10c$16.4M
Other assetsLn 15$867K
Total assetsLn 16$48.2M
LiabilitiesLn 26$10.9M
Net assetsLn 32$37.4M
OperationsPt I, VI
EmployeesI 5374
VolunteersI 65
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 FY21End FY21
Cash and savingsLn 1–2$4K$169K
InvestmentsLn 11–13$17.2M$19.1M
Land, buildings, equipmentLn 10c$16.1M$16.4M
Total assetsLn 16$46.3M$48.2M
LiabilitiesLn 26$12.5M$10.9M
Net assetsLn 32$33.8M$37.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$7.4M$7.4M
Pay of current officers, directors and key staffLn 5$266K$206K$60K
Other salaries and wagesLn 7$5.6M$4.7M$797K$152K
Other employee benefitsLn 9$560K$462K$81K$17K
Payroll taxesLn 10$403K$318K$70K$15K
Accounting feesLn 11c$73K$73K
Advertising and promotionLn 12$72K$19K$53K
Office expensesLn 13$627K$442K$172K$13K
Information technologyLn 14$195K$165K$5K$25K
OccupancyLn 16$808K$695K$112K$1K
TravelLn 17$312K$268K$40K$4K
InterestLn 20$292K$262K$30K
Payments to affiliatesLn 21$248K$248K
Depreciation, depletion and amortizationLn 22$856K$767K$89K
InsuranceLn 23$275K$114K$161K
Other expenses (24a–d)Ln 24$3.1M$2.7M$442K$23K
Total functional expensesLn 25$21.2M$18.5M$2.3M$310K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $23.8M$24.8M−$1.0M$31.2M 990 PDF
FY2024 $21.6M$25.0M−$3.4M$31.3M 990 PDF
FY2023 $23.2M$23.8M−$619K$33.3M 990 PDF
FY2022 $21.2M$23.5M−$2.3M$33.3M 990 PDF
FY2021 Viewing $23.2M$21.2M$2.0M$37.4M 990 PDF
FY2020 $19.5M$20.4M−$886K$33.8M 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 J · Pay O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $23,158,427 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,604,471$6,267,932
I-9 Program service revenuePrior year $15,981,804$16,749,472
I-10 Investment incomePrior year −$49,205$154,044
I-11 Other revenuePrior year −$26,117−$13,021
I-12 Total revenuePrior year $19,510,953$23,158,427
I-13 Grants and similar amounts paidPrior year $7,005,359$7,401,702
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $6,978,791$6,858,610
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $6,413,182$6,907,254
I-18 Total expensesPrior year $20,397,332$21,167,566
I-19 Revenue less expensesPrior year −$886,379$1,990,861
Part VI · Governance 19 of 19 board members independent, no flags
VI-1a Voting members of the governing body19
VI-1b Independent voting members19
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 $23,158,427 across 8 lines filed
Lines not itemized here account for −$13,021 of total revenue; see the IRS return.
VIII-1e Government grants$4,682,203
VIII-1f All other contributions, gifts and grants$1,585,729
VIII-1g Noncash contributions (included above)$500
VIII-1h Total contributions, gifts and grants$6,267,932
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $16,749,472$16,749,472
VIII-3 Investment incomeRelated to mission $236,919$236,919
VIII-7 Net gain or loss on sales of assetsRelated to mission −$82,875−$82,875
VIII-12 Total revenueRelated to mission $16,890,495$23,158,427
Part IX · Statement of functional expenses $21,167,566 across 16 lines filed
IX-2 Grants to domestic individualsPrograms $7,401,702$7,401,702
IX-5 Pay of current officers, directors and key staffManagement $206,374 · Fundraising $59,594$265,968
IX-7 Other salaries and wagesPrograms $4,680,506 · Management $797,279 · Fundraising $151,898$5,629,683
IX-9 Other employee benefitsPrograms $461,640 · Management $80,991 · Fundraising $17,277$559,908
IX-10 Payroll taxesPrograms $317,820 · Management $70,374 · Fundraising $14,857$403,051
IX-11c Accounting feesManagement $72,764$72,764
IX-12 Advertising and promotionPrograms $18,533 · Management $53,478$72,011
IX-13 Office expensesPrograms $441,926 · Management $172,240 · Fundraising $13,146$627,312
IX-14 Information technologyPrograms $165,324 · Management $5,268 · Fundraising $24,821$195,413
IX-16 OccupancyPrograms $694,781 · Management $112,019 · Fundraising $1,218$808,018
IX-17 TravelPrograms $268,242 · Management $40,494 · Fundraising $3,615$312,351
IX-20 InterestPrograms $262,116 · Management $30,358$292,474
IX-21 Payments to affiliatesPrograms $247,995$247,995
IX-22 Depreciation, depletion and amortizationPrograms $767,394 · Management $88,881$856,275
IX-23 InsurancePrograms $113,788 · Management $161,487$275,275
IX-24 Other expenses (24a–d)Programs $2,682,101 · Management $441,945 · Fundraising $23,320$3,147,366
IX-25 Total functional expensesPrograms $18,523,868 · Management $2,333,952 · Fundraising $309,746$21,167,566
Part X · Balance sheet $48,239,641 assets, 19 lines filed
Asset lines not itemized here account for $373,273; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $4,296$168,619
X-3 Pledges and grants receivableStart of year $10,993,956$10,872,530
X-4 Accounts receivableStart of year $456,240$355,779
X-8 Inventories for sale or useStart of year $122,269$121,456
X-9 Prepaid expenses and deferred chargesStart of year $697$1,233
X-10c Land, buildings and equipment, netStart of year $16,135,753$16,381,767
X-11 Publicly traded securitiesStart of year $4,950,877$6,625,309
X-12 Other securitiesStart of year $12,255,506$12,472,408
X-15 Other assetsStart of year $1,025,729$867,267
X-16 Total assetsStart of year $46,312,615$48,239,641
X-17 Accounts payable and accrued expensesStart of year $1,598,312$1,305,940
X-19 Deferred revenueStart of year $388,380$255,226
X-20 Tax-exempt bond liabilitiesStart of year $4,450,850$4,176,196
X-25 Other liabilitiesStart of year $6,083,310$5,125,855
X-26 Total liabilitiesStart of year $12,520,852$10,863,217
X-27 Net assets without donor restrictionsStart of year $5,332,421$8,194,883
X-28 Net assets with donor restrictionsStart of year $28,459,342$29,181,541
X-32 Total net assets or fund balancesStart of year $33,791,763$37,376,424
X-33 Total liabilities and net assetsStart of year $46,312,615$48,239,641
Part XI · Reconciliation of net assets $37,376,424 net assets at year end
XI-1 Total revenue$23,158,427
XI-2 Total expenses$21,167,566
XI-3 Revenue less expenses$1,990,861
XI-4 Net assets at start of year$33,791,763
XI-5 Net unrealized gains (losses) on investments$851,629
XI-9 Other changes in net assets$742,171
XI-10 Net assets at end of year$37,376,424

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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