McPherson College FY2023 filing

Tax-deductible

McPherson, KS501(c)(3)Since 1887Colleges & UniversitiesEIN 48-0543736Revenue $690.6M in FY2023

On file with the IRSmcpherson.eduPo Box 1402, 67460-1402 · McPherson, KSTax-exempt since Aug 1935School — 170(b)(1)(A)(ii)

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To develop whole persons through scholarship, participation and service. McPherson College is a vibrant community of persons from diverse faiths and cultural backgrounds. The College provides education in over 30 areas of study, serving approximately 847 students.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
$1.0M 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

FY2023 · 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
6 of 6
filings with a surplus
Average surplus $120.2M a year · 75% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.0M
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $363K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$18.3M
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
25
of 25 voting members
Looks good: 25 of 25 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$690.6M
×11 vs prior year
Spent
$43.9M
To programs
85%
Net assets
$745.2M
By yearFY2020–FY2025
Revenue
$690.6M
FY2023▲ ×11
Tap a bar for its year
Revenue by fiscal year
FY2020$37.6M
FY2021$41.5M
FY2022$65.4M
FY2023$690.6M
FY2024$63.5M
FY2025$67.4M
Expenses
$43.9M
FY2023▲ +11%
Tap a bar for its year
Expenses by fiscal year
FY2020$33.8M
FY2021$35.4M
FY2022$39.5M
FY2023$43.9M
FY2024$43.9M
FY2025$48.5M
Net assets
$745.2M
FY2023▲ +678%
Tap a bar for its year
Net assets by fiscal year
FY2020$62.2M
FY2021$74.9M
FY2022$95.8M
FY2023$745.2M
FY2024$769.4M
FY2025$787.5M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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 Aug 1935.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $37.2M Management & general 11% · $5.0M Fundraising 4% · $1.7M

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

32 people listed on the 990; $1.0M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
College Pres
$336,952Pt VII · Sec A
Provost/Exec
$128,955Pt VII · Sec A
Dir of Endow
$114,660Pt VII · Sec A
VP for Stude
$114,095Pt VII · Sec A
VP for Advan
$113,298Pt VII · Sec A
VP for Finan
$105,488Pt VII · Sec A
$102,062Pt VII · Sec A
$0Pt VII · Sec A

Michael Schneider’s $444K as College Pres is at the 84th 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
Michael Schneider$444,447$373,839$336,952$312,986$310,161$295,408
Aaron Meis$202,216—————
Carol Summervill$157,650$128,408$105,488———
Amanda Gutierrez$148,209$145,955$128,955$109,192$102,808$100,911
Erik Vogel$137,192$118,699$113,298———
Matt Skillen$126,908—————
Josh Daume$122,502—————
Richard Tuxhorn—$118,334$114,660$116,733$110,311$108,169

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 McPherson 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

Educates students in over 30 fields, fostering holistic development through scholarship, participation, and service.

Provided by the organization

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1 program · $37.2M · in their own filed words · FY2022
01

Mcpherson college is committed to its mission "to develop whole persons through scholarship, participation and service" in a career-focused liberal arts environment. It has been recognized nationally by us news & world report, money magazine, and the chronical of higher education's "great colleges to work for".

$37.2Mprogram 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 · FY2025
See all 5 funders →
Grants paid · 6 grants · $101.4M · 2019–2024
Unitemized GrantFY2024$20,890,883
Unitemized GrantFY2023$17,781,743
Unitemized GrantFY2022$17,304,660
Unitemized GrantFY2021$16,602,954
Unitemized GrantFY2020$15,074,463
Unitemized GrantFY2019$13,738,234

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$690.6M
Ln 12
Gifts and grantsLn 1h$656.6M
Fees for servicesLn 2g$31.8M
Investment incomeLn 3$1.9M
Money outPt IX
$43.9M
Ln 25
Programscol B$37.2M
Managementcol C$5.0M
Fundraisingcol D$1.7M
Owns and owesPt X
$745.2M
net assets · Ln 32
Cash and savingsLn 1–2$6.7M
Total assetsLn 16$763.5M
LiabilitiesLn 26$18.3M
PeoplePt VI, VII
32
listed · VII A
PaidVII A7
Voting boardVI 1a25
IndependentVI 1b25
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$656.6M
Government grantsLn 1e$1.1M
Noncash giftsLn 1g$147K
Fees for servicesLn 2g$31.8M
Investment incomeLn 3$1.9M
Other incomeLn 4–11$314K
Gains on assetsLn 7−$177K
Total revenueLn 12$690.6M
Assets in detailPt X, end of year
CashLn 1$1.4M
SavingsLn 2$5.4M
Cash and savings togetherLn 1–2$6.7M
InvestmentsLn 11–13$48.4M
Land, buildings, equipmentLn 10c$31.3M
Other assetsLn 15$796K
Total assetsLn 16$763.5M
LiabilitiesLn 26$18.3M
Net assetsLn 32$745.2M
OperationsPt I, VI
EmployeesI 5526
VolunteersI 645
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 FY23End FY23
Cash and savingsLn 1–2$6.4M$6.7M
InvestmentsLn 11–13$45.7M$48.4M
Land, buildings, equipmentLn 10c$27.2M$31.3M
Total assetsLn 16$110.1M$763.5M
LiabilitiesLn 26$14.4M$18.3M
Net assetsLn 32$95.8M$745.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$17.3M$17.3M
Pay of current officers, directors and key staffLn 5$452K$34K$317K$101K
Other salaries and wagesLn 7$9.3M$7.8M$704K$797K
Pension plan contributionsLn 8$779K$612K$136K$32K
Other employee benefitsLn 9$1.3M$1.0M$234K$51K
Payroll taxesLn 10$659K$530K$102K$27K
Management feesLn 11a$895K$195K$447K$254K
Legal feesLn 11b$85K$85K
Accounting feesLn 11c$113K$113K
Investment management feesLn 11f$807K$807K
Other fees for servicesLn 11g$664K$603K$60K$500
Advertising and promotionLn 12$908K$804K$75K$28K
Office expensesLn 13$544K$272K$179K$94K
Information technologyLn 14$883K$78K$788K$17K
OccupancyLn 16$1.4M$1.3M$118K$374
TravelLn 17$940K$755K$50K$135K
Conferences, conventions and meetingsLn 19$416K$187K$166K$64K
InterestLn 20$441K$414K$28K
Depreciation, depletion and amortizationLn 22$1.5M$1.4M$92K
InsuranceLn 23$709K$396K$313K
Other expenses (24a–d)Ln 24$3.9M$3.6M$188K$107K
Total functional expensesLn 25$43.9M$37.2M$5.0M$1.7M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $67.4M$48.5M$18.9M$787.5M 990 PDF
FY2024 $63.5M$43.9M$19.6M$769.4M 990 PDF
FY2023 Viewing $690.6M$43.9M$646.7M$745.2M 990 PDF
FY2022 $65.4M$39.5M$25.9M$95.8M 990 PDF
FY2021 $41.5M$35.4M$6.2M$74.9M 990 PDF
FY2020 $37.6M$33.8M$3.8M$62.2M 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 FY2023 990 (6 parts)
Part I · Summary $690,642,604 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $30,735,552$656,597,441
I-9 Program service revenuePrior year $30,823,942$31,826,635
I-10 Investment incomePrior year $3,583,350$1,904,507
I-11 Other revenuePrior year $233,055$314,021
I-12 Total revenuePrior year $65,375,899$690,642,604
I-13 Grants and similar amounts paidPrior year $16,602,954$17,304,660
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $11,216,958$12,486,819
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $11,640,671$14,153,647
I-18 Total expensesPrior year $39,460,583$43,945,126
I-19 Revenue less expensesPrior year $25,915,316$646,697,478
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 $690,642,604 across 9 lines filed
Lines not itemized here account for $959 of total revenue; see the IRS return.
VIII-1e Government grants$1,106,487
VIII-1f All other contributions, gifts and grants$655,490,954
VIII-1g Noncash contributions (included above)$146,931
VIII-1h Total contributions, gifts and grants$656,597,441
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $31,826,635$31,826,635
VIII-3 Investment incomeExcluded from tax $2,081,149$2,081,149
VIII-5 RoyaltiesExcluded from tax $313,062$313,062
VIII-7 Net gain or loss on sales of assetsRelated to mission −$176,642−$176,642
VIII-12 Total revenueRelated to mission $31,649,993 · Excluded from tax $2,395,170$690,642,604
Part IX · Statement of functional expenses $43,945,126 across 21 lines filed
IX-2 Grants to domestic individualsPrograms $17,304,660$17,304,660
IX-5 Pay of current officers, directors and key staffPrograms $33,695 · Management $316,831 · Fundraising $101,086$451,612
IX-7 Other salaries and wagesPrograms $7,764,302 · Management $703,647 · Fundraising $797,429$9,265,378
IX-8 Pension plan contributionsPrograms $611,539 · Management $135,843 · Fundraising $31,955$779,337
IX-9 Other employee benefitsPrograms $1,045,812 · Management $234,125 · Fundraising $51,457$1,331,394
IX-10 Payroll taxesPrograms $529,969 · Management $101,869 · Fundraising $27,260$659,098
IX-11a Management feesPrograms $194,930 · Management $446,677 · Fundraising $253,644$895,251
IX-11b Legal feesManagement $84,737$84,737
IX-11c Accounting feesManagement $112,913$112,913
IX-11f Investment management feesManagement $806,627$806,627
IX-11g Other fees for servicesPrograms $603,254 · Management $60,458 · Fundraising $500$664,212
IX-12 Advertising and promotionPrograms $804,326 · Management $74,859 · Fundraising $28,433$907,618
IX-13 Office expensesPrograms $271,655 · Management $179,099 · Fundraising $93,615$544,369
IX-14 Information technologyPrograms $78,190 · Management $788,149 · Fundraising $16,514$882,853
IX-16 OccupancyPrograms $1,290,527 · Management $118,352 · Fundraising $374$1,409,253
IX-17 TravelPrograms $755,487 · Management $49,591 · Fundraising $134,777$939,855
IX-19 Conferences, conventions and meetingsPrograms $186,530 · Management $165,704 · Fundraising $63,671$415,905
IX-20 InterestPrograms $413,594 · Management $27,649$441,243
IX-22 Depreciation, depletion and amortizationPrograms $1,390,879 · Management $92,092$1,482,971
IX-23 InsurancePrograms $396,079 · Management $313,110$709,189
IX-24 Other expenses (24a–d)Programs $3,561,914 · Management $187,716 · Fundraising $107,021$3,856,651
IX-25 Total functional expensesPrograms $37,237,342 · Management $5,000,048 · Fundraising $1,707,736$43,945,126
Part X · Balance sheet $763,540,173 assets, 20 lines filed
Asset lines not itemized here account for $410,657; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $528,611$1,358,168
X-2 Savings and temporary cash investmentsStart of year $5,893,502$5,365,147
X-3 Pledges and grants receivableStart of year $25,164,665$672,879,939
X-4 Accounts receivableStart of year $532,810$500,562
X-8 Inventories for sale or useStart of year $2,274,298$2,432,549
X-9 Prepaid expenses and deferred chargesStart of year $30,977$21,149
X-10c Land, buildings and equipment, netStart of year $27,188,660$31,341,288
X-11 Publicly traded securitiesStart of year $26,843,477$29,462,388
X-12 Other securitiesStart of year $18,898,849$18,972,767
X-15 Other assetsStart of year $2,058,421$795,559
X-16 Total assetsStart of year $110,145,615$763,540,173
X-17 Accounts payable and accrued expensesStart of year $1,170,163$2,729,779
X-19 Deferred revenueStart of year $164,538$131,999
X-20 Tax-exempt bond liabilitiesStart of year $9,957,242$9,651,882
X-25 Other liabilitiesStart of year $2,608,174$4,657,307
X-26 Total liabilitiesStart of year $14,352,799$18,322,188
X-27 Net assets without donor restrictionsStart of year $32,033,123$31,281,849
X-28 Net assets with donor restrictionsStart of year $63,759,693$713,936,136
X-32 Total net assets or fund balancesStart of year $95,792,816$745,217,985
X-33 Total liabilities and net assetsStart of year $110,145,615$763,540,173
Part XI · Reconciliation of net assets $745,217,985 net assets at year end
XI-1 Total revenue$690,642,604
XI-2 Total expenses$43,945,126
XI-3 Revenue less expenses$646,697,478
XI-4 Net assets at start of year$95,792,816
XI-5 Net unrealized gains (losses) on investments$2,869,608
XI-9 Other changes in net assets−$141,917
XI-10 Net assets at end of year$745,217,985

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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