McPherson College FY2024 filing

Tax-deductible

McPherson, KS501(c)(3)Since 1887Colleges & UniversitiesEIN 48-0543736Revenue $63.5M in FY2024

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.
84¢ of each $1 spent went to programs.
$987K 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

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
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
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$987K
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
1 mo
of spending, in cash
Fine: 1.3 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
$18.9M
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
$63.5M
-91% vs prior year
Spent
$43.9M
To programs
84%
Net assets
$769.4M
By yearFY2020–FY2025
Revenue
$63.5M
FY2024▼ -91%
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
FY2024-0.10%
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
$769.4M
FY2024▲ +3%
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 FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 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

84 cents of each dollar spent went to programs.

Program services 84% · $37.0M Management & general 12% · $5.2M 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; $987K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
College Pres
$373,839Pt VII · Sec A
Provost/Exec
$145,955Pt VII · Sec A
VP for Finan
$128,408Pt VII · Sec A
VP for Advan
$118,699Pt VII · Sec A
Dir of Endow
$118,334Pt VII · Sec A
Exec Dir of
$101,871Pt VII · Sec A
$0Pt 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.

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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.

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Provided by the organization

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1 program · $37.0M · in their own filed words · FY2023
01

A.MCPHERSON college's mission is to "develop whole persons through scholarship, participation, and service" within a career-focused liberal arts environment. In 2023, the college secured an unprecedented 1b commitment to its endowment, marking one of the largest single endowment commitments of any small liberal arts college in the U.S.

$37.0Mprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$63.5M
Ln 12
Fees for servicesLn 2g$33.5M
Gifts and grantsLn 1h$27.9M
Investment incomeLn 3$1.1M
Money outPt IX
$43.9M
Ln 25
Programscol B$37.0M
Managementcol C$5.2M
Fundraisingcol D$1.7M
Owns and owesPt X
$769.4M
net assets · Ln 32
Cash and savingsLn 1–2$4.9M
Total assetsLn 16$788.2M
LiabilitiesLn 26$18.9M
PeoplePt VI, VII
32
listed · VII A
PaidVII A6
Voting boardVI 1a25
IndependentVI 1b25
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$27.9M
Government grantsLn 1e$1.2M
Noncash giftsLn 1g$173K
Fees for servicesLn 2g$33.5M
Investment incomeLn 3$1.1M
Other incomeLn 4–11$967K
Gains on assetsLn 7$50K
Total revenueLn 12$63.5M
Assets in detailPt X, end of year
CashLn 1$562K
SavingsLn 2$4.3M
Cash and savings togetherLn 1–2$4.9M
InvestmentsLn 11–13$51.5M
Land, buildings, equipmentLn 10c$46.8M
Other assetsLn 15$640K
Total assetsLn 16$788.2M
LiabilitiesLn 26$18.9M
Net assetsLn 32$769.4M
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 FY24End FY24
Cash and savingsLn 1–2$6.7M$4.9M
InvestmentsLn 11–13$48.4M$51.5M
Land, buildings, equipmentLn 10c$31.3M$46.8M
Total assetsLn 16$763.5M$788.2M
LiabilitiesLn 26$18.3M$18.9M
Net assetsLn 32$745.2M$769.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$17.8M$17.8M
Pay of current officers, directors and key staffLn 5$482K$48K$289K$145K
Other salaries and wagesLn 7$9.8M$8.1M$786K$863K
Pension plan contributionsLn 8$832K$655K$143K$34K
Other employee benefitsLn 9$1.4M$1.1M$266K$47K
Payroll taxesLn 10$712K$571K$111K$29K
Management feesLn 11a$469K$19K$254K$196K
Legal feesLn 11b$64K$6K$58K
Accounting feesLn 11c$82K$82K
Investment management feesLn 11f$774K$774K
Other fees for servicesLn 11g$706K$490K$213K$4K
Advertising and promotionLn 12$272K$98K$50K$124K
Office expensesLn 13$500K$224K$179K$98K
Information technologyLn 14$1.0M$110K$899K$2K
OccupancyLn 16$1.3M$1.2M$136K
TravelLn 17$816K$665K$18K$133K
Conferences, conventions and meetingsLn 19$380K$210K$119K$51K
InterestLn 20$391K$208K$183K
Depreciation, depletion and amortizationLn 22$1.6M$1.6M$88K
InsuranceLn 23$690K$371K$319K
Other expenses (24a–d)Ln 24$3.6M$3.5M$78K$24K
All other expensesLn 24e$142K$142K
Total functional expensesLn 25$43.9M$37.0M$5.2M$1.7M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $67.4M$48.5M$18.9M$787.5M 990 PDF
FY2024 Viewing $63.5M$43.9M$19.6M$769.4M 990 PDF
FY2023 $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 FY2024 990 (6 parts)
Part I · Summary $63,455,399 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $656,597,441$27,870,932
I-9 Program service revenuePrior year $31,826,635$33,543,452
I-10 Investment incomePrior year $1,904,507$1,073,908
I-11 Other revenuePrior year $314,021$967,107
I-12 Total revenuePrior year $690,642,604$63,455,399
I-13 Grants and similar amounts paidPrior year $17,304,660$17,781,743
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $12,486,819$13,232,141
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $14,153,647$12,889,017
I-18 Total expensesPrior year $43,945,126$43,902,901
I-19 Revenue less expensesPrior year $646,697,478$19,552,498
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 $63,455,399 across 9 lines filed
Lines not itemized here account for $6,818 of total revenue; see the IRS return.
VIII-1e Government grants$1,182,977
VIII-1f All other contributions, gifts and grants$26,687,955
VIII-1g Noncash contributions (included above)$173,423
VIII-1h Total contributions, gifts and grants$27,870,932
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $33,543,452$33,543,452
VIII-3 Investment incomeExcluded from tax $1,023,622$1,023,622
VIII-5 RoyaltiesExcluded from tax $960,289$960,289
VIII-7 Net gain or loss on sales of assetsRelated to mission $50,286$50,286
VIII-12 Total revenueRelated to mission $33,593,738 · Excluded from tax $1,990,729$63,455,399
Part IX · Statement of functional expenses $43,902,901 across 22 lines filed
IX-2 Grants to domestic individualsPrograms $17,781,743$17,781,743
IX-5 Pay of current officers, directors and key staffPrograms $48,221 · Management $289,331 · Fundraising $144,663$482,215
IX-7 Other salaries and wagesPrograms $8,133,085 · Management $785,962 · Fundraising $862,732$9,781,779
IX-8 Pension plan contributionsPrograms $654,607 · Management $142,738 · Fundraising $34,350$831,695
IX-9 Other employee benefitsPrograms $1,111,359 · Management $266,411 · Fundraising $47,089$1,424,859
IX-10 Payroll taxesPrograms $571,471 · Management $110,839 · Fundraising $29,283$711,593
IX-11a Management feesPrograms $18,619 · Management $254,008 · Fundraising $196,296$468,923
IX-11b Legal feesPrograms $6,335 · Management $57,950$64,285
IX-11c Accounting feesManagement $82,374$82,374
IX-11f Investment management feesManagement $773,954$773,954
IX-11g Other fees for servicesPrograms $489,509 · Management $212,555 · Fundraising $4,070$706,134
IX-12 Advertising and promotionPrograms $98,049 · Management $50,144 · Fundraising $123,689$271,882
IX-13 Office expensesPrograms $223,692 · Management $178,849 · Fundraising $97,820$500,361
IX-14 Information technologyPrograms $110,333 · Management $899,252 · Fundraising $1,744$1,011,329
IX-16 OccupancyPrograms $1,180,687 · Management $135,901$1,316,588
IX-17 TravelPrograms $665,413 · Management $18,133 · Fundraising $132,533$816,079
IX-19 Conferences, conventions and meetingsPrograms $209,691 · Management $119,380 · Fundraising $50,666$379,737
IX-20 InterestPrograms $208,085 · Management $183,028$391,113
IX-22 Depreciation, depletion and amortizationPrograms $1,554,191 · Management $87,822$1,642,013
IX-23 InsurancePrograms $371,046 · Management $318,708$689,754
IX-24 Other expenses (24a–d)Programs $3,530,432 · Management $78,483 · Fundraising $23,678$3,632,593
IX-24e All other expensesManagement $141,898$141,898
IX-25 Total functional expensesPrograms $36,966,568 · Management $5,187,720 · Fundraising $1,748,613$43,902,901
Part X · Balance sheet $788,243,245 assets, 19 lines filed
Asset lines not itemized here account for $222,449; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $1,358,168$561,944
X-2 Savings and temporary cash investmentsStart of year $5,365,147$4,332,517
X-3 Pledges and grants receivableStart of year $672,879,939$680,725,826
X-4 Accounts receivableStart of year $500,562$546,170
X-8 Inventories for sale or useStart of year $2,432,549$2,617,578
X-9 Prepaid expenses and deferred chargesStart of year $21,149$279,049
X-10c Land, buildings and equipment, netStart of year $31,341,288$46,837,627
X-11 Publicly traded securitiesStart of year $29,462,388$31,658,044
X-12 Other securitiesStart of year $18,972,767$19,821,987
X-15 Other assetsStart of year $795,559$640,054
X-16 Total assetsStart of year $763,540,173$788,243,245
X-17 Accounts payable and accrued expensesStart of year $2,729,779$2,956,653
X-19 Deferred revenueStart of year $131,999$2,074,385
X-25 Other liabilitiesStart of year $4,657,307$5,602,539
X-26 Total liabilitiesStart of year $18,322,188$18,879,669
X-27 Net assets without donor restrictionsStart of year $31,281,849$48,260,322
X-28 Net assets with donor restrictionsStart of year $713,936,136$721,103,254
X-32 Total net assets or fund balancesStart of year $745,217,985$769,363,576
X-33 Total liabilities and net assetsStart of year $763,540,173$788,243,245
Part XI · Reconciliation of net assets $769,363,576 net assets at year end
XI-1 Total revenue$63,455,399
XI-2 Total expenses$43,902,901
XI-3 Revenue less expenses$19,552,498
XI-4 Net assets at start of year$745,217,985
XI-5 Net unrealized gains (losses) on investments$4,748,635
XI-9 Other changes in net assets−$155,542
XI-10 Net assets at end of year$769,363,576

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

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