Goucher College FY2020 filing

Tax-deductible

Baltimore, MD501(c)(3)Since 1885Colleges & UniversitiesEIN 52-0591613Revenue $93.7M in FY2020

On file with the IRSgoucher.edu1021 Dulaney Valley Rd, 21204-2753 · Baltimore, MDTax-exempt since Sep 1931School — 170(b)(1)(A)(ii)

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Goucher College provides an innovative liberal arts education that prepares students with a broad, humane perspective for a life of inquiry, creativity, and critical and analytical thinking. The College's vision is to become a top-100 national liberal arts college known for offering a transformational education that delivers graduates who can solve complex problems within a diverse, global community.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
$1.9M 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

FY2020 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $3.0M a year · 3% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 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
$1.9M
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
Worth a look: 0.5 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $342K
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$134.7M
34% of total assets
Looks good: liabilities are 34% of assets; 50% or less.
Pt X · Ln 26
Independent board members
36
of 37 voting members
Looks good: 36 of 37 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$93.7M
Spent
$110.4M
To programs
85%
Net assets
$259.6M
By yearFY2020–FY2024
Revenue
$93.7M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$93.7M
FY2021$93.5M
FY2022$98.2M
FY2023$84.6M
FY2024$139.6M
FY2024$117.3M
Expenses
$110.4M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$110.4M
FY2021$89.6M
FY2022$105.4M
FY2023$108.3M
FY2024$110.9M
FY2024$114.2M
Net assets
$259.6M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$259.6M
FY2021$331.8M
FY2022$312.7M
FY2023$302.8M
FY2024$352.0M
FY2024$367.5M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1931.

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% · $94.1M Management & general 13% · $14.3M Fundraising 2% · $2.0M

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

48 people listed on the 990; $1.9M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Former President
$326,139Pt VII · Sec A
Vice President for Finance and Administration
$201,834Pt VII · Sec A
General Counsel
$170,043Pt VII · Sec A
Vice President and Dean of Students
$169,750Pt VII · Sec A
VP for Information Technology and Planning
$165,778Pt VII · Sec A
Acting Provost
$155,602Pt VII · Sec A
Vice President for Human Resources
$152,552Pt VII · Sec A
Professor
$143,411Pt VII · Sec A

Kent Devereaux’s $341K as President is at the 18th percentile of top reported officer pay among 674 $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

NameFY2024FY2024FY2023FY2022FY2021FY2020
Kent Devereaux$341,097$450,411$418,853$392,783$294,041$97,855
Jose' Antonio Bowen—————$326,139
David Valentine——$250,911$113,378——
Michele Y Ewing$249,851$236,567$232,308$237,181$119,800—
Elaine Meyer-Lee$233,448$230,583$226,198$236,277$121,502—
Jonathan Lindsay—$204,511$201,273$213,488$185,591—
Lynne Lochte————$62,927$201,834
Erik Thompson$196,782$194,276$190,927$194,520——

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 liberal arts, fostering inquiry, creativity, and critical thinking for life.

Provided by the organization

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3 programs · $94.1M · in their own filed words · FY2019
01

The College provided an Undergraduate Arts and Sciences education to 1,327 students. Goucher's academic philosophy is focused on 3Rs: relationships, resilience, and reflection, and coursework reflects the core values of a liberal arts education: proficiency in English composition and in a foreign language, solid foundations in history…

$86.9Mprogram expense
02

The College provided a graduate education to 807 students. The Welch Center for Graduate and Professional Studies offers a diverse range of academic programs, including: Master of Arts and Master of Fine Arts degrees in areas such as education, teaching, historic preservation, arts administration, cultural sustainability, digital arts…

$6.6Mprogram expense
03

The College provided credit and non-credit continuing studies course work for 891 participants. Goucher's Educators' Institute provides teachers and administrators innovative training on several new techniques that address issues for a diverse range of learners.

$579Kprogram 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 7 funders →
Grants paid · 16 grants · $213.7M · 2019–2024
Unitemized GrantFY2024$37,323,856
Unitemized GrantFY2024$521,276
Unitemized GrantFY2023$34,293,177
Unitemized GrantFY2023$484,002
Unitemized GrantFY2022$33,539,777
Unitemized GrantFY2022$366,880
Unitemized GrantFY2022$258,648
Unitemized GrantFY2021$33,647,646
Unitemized GrantFY2021$1,933,101
Unitemized GrantFY2021$230,102
Unitemized GrantFY2020$30,368,806
Unitemized GrantFY2020$738,532
Unitemized GrantFY2020$248,196
Unitemized GrantFY2019$38,680,349
Unitemized GrantFY2019$787,662
Unitemized GrantFY2019$262,624

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$93.7M
Ln 12
Fees for servicesLn 2g$79.5M
Gifts and grantsLn 1h$10.2M
Investment incomeLn 3$2.7M
Money outPt IX
$110.4M
Ln 25
Programscol B$94.1M
Managementcol C$14.3M
Fundraisingcol D$2.0M
Owns and owesPt X
$259.6M
net assets · Ln 32
Cash and savingsLn 1–2$5.0M
Total assetsLn 16$394.3M
LiabilitiesLn 26$134.7M
PeoplePt VI, VII
48
listed · VII A
PaidVII A12
Voting boardVI 1a37
IndependentVI 1b36
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$10.2M
Government grantsLn 1e$4.3M
Noncash giftsLn 1g$2.0M
Fundraising eventsLn 1c$3K
Fees for servicesLn 2g$79.5M
Investment incomeLn 3$2.7M
Other incomeLn 4–11$1.4M
Gains on assetsLn 7$625K
Total revenueLn 12$93.7M
Assets in detailPt X, end of year
CashLn 1$3.8M
SavingsLn 2$1.2M
Cash and savings togetherLn 1–2$5.0M
InvestmentsLn 11–13$199.3M
Land, buildings, equipmentLn 10c$179.8M
Other assetsLn 15$5.6M
Total assetsLn 16$394.3M
LiabilitiesLn 26$134.7M
Net assetsLn 32$259.6M
OperationsPt I, VI
EmployeesI 51,243
VolunteersI 6226
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 FY20End FY20
Cash and savingsLn 1–2$3.9M$5.0M
InvestmentsLn 11–13$206.9M$199.3M
Land, buildings, equipmentLn 10c$189.3M$179.8M
Total assetsLn 16$412.3M$394.3M
LiabilitiesLn 26$135.9M$134.7M
Net assetsLn 32$276.4M$259.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$39.7M$39.7M
Grants and assistance to foreign recipientsLn 3$341K$341K
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$757K$209K$511K$37K
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$30.0M$23.1M$5.6M$1.3M
Pension plan contributionsLn 8$1.0M$752K$214K$45K
Other employee benefitsLn 9$2.9M$1.8M$974K$113K
Payroll taxesLn 10$2.2M$1.7M$396K$91K
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$150K$0$150K$0
Accounting feesLn 11c$129K$0$129K$0
Lobbying feesLn 11d$15K$0$15K$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$1.2M$0$1.2M$0
Other fees for servicesLn 11g$3.1M$2.0M$1.1M$34K
Advertising and promotionLn 12$304K$131K$116K$56K
Office expensesLn 13$2.9M$2.3M$492K$151K
Information technologyLn 14$1.5M$105K$1.3M$32K
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$2.6M$1.8M$810K$16K
TravelLn 17$859K$807K$21K$30K
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$297K$267K$25K$5K
InterestLn 20$4.3M$4.3M$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$10.5M$9.9M$508K$105K
InsuranceLn 23$565K$0$565K$0
Other expenses (24a–d)Ln 24$5.1M$4.9M$193K$30K
Total functional expensesLn 25$110.4M$94.1M$14.3M$2.0M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $139.6M$110.9M$28.6M$352.0M 990 PDF
FY2023 $84.6M$108.3M−$23.7M$302.8M 990 PDF
FY2022 $98.2M$105.4M−$7.2M$312.7M 990 PDF
FY2021 $93.5M$89.6M$3.9M$331.8M 990 PDF
FY2020 Viewing $93.7M$110.4M−$16.7M$259.6M 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 FY2020 990 (6 parts)
Part I · Summary $93,748,228 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $9,611,723$10,189,472
I-9 Program service revenuePrior year $85,685,427$79,463,432
I-10 Investment incomePrior year $3,975,756$2,682,013
I-11 Other revenuePrior year $1,434,764$1,413,311
I-12 Total revenuePrior year $100,707,670$93,748,228
I-13 Grants and similar amounts paidPrior year $39,859,894$40,071,471
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $43,303,305$36,842,948
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $32,419,084$33,534,282
I-18 Total expensesPrior year $115,582,283$110,448,701
I-19 Revenue less expensesPrior year −$14,874,613−$16,700,473
Part VI · Governance 36 of 37 board members independent, no flags
VI-1a Voting members of the governing body37
VI-1b Independent voting members36
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 $93,748,228 across 16 lines filed
Lines not itemized here account for $486,804 of total revenue; see the IRS return.
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$3,020
VIII-1d Related organizations$0
VIII-1e Government grants$4,327,521
VIII-1f All other contributions, gifts and grants$5,858,931
VIII-1g Noncash contributions (included above)$2,047,725
VIII-1h Total contributions, gifts and grants$10,189,472
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $79,463,432 · Unrelated business $0 · Excluded from tax $0$79,463,432
VIII-3 Investment incomeRelated to mission $0 · Unrelated business −$34,490 · Excluded from tax $2,091,025$2,056,535
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $95,095 · Excluded from tax $105,532$200,627
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $29,072 · Excluded from tax $596,406$625,478
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax −$822−$822
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $0 · Unrelated business $616,705 · Excluded from tax $109,997$726,702
VIII-12 Total revenueRelated to mission $79,463,432 · Unrelated business $706,382 · Excluded from tax $3,388,942$93,748,228
Part IX · Statement of functional expenses $110,448,701 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $39,730,635$39,730,635
IX-3 Grants and assistance to foreign recipientsPrograms $340,836$340,836
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $208,773 · Management $510,917 · Fundraising $37,006$756,696
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $23,135,774 · Management $5,593,024 · Fundraising $1,259,747$29,988,545
IX-8 Pension plan contributionsPrograms $752,278 · Management $214,266 · Fundraising $45,142$1,011,686
IX-9 Other employee benefitsPrograms $1,820,451 · Management $973,927 · Fundraising $112,788$2,907,166
IX-10 Payroll taxesPrograms $1,692,306 · Management $395,568 · Fundraising $90,981$2,178,855
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $150,347 · Fundraising $0$150,347
IX-11c Accounting feesPrograms $0 · Management $129,028 · Fundraising $0$129,028
IX-11d Lobbying feesPrograms $0 · Management $14,897 · Fundraising $0$14,897
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $1,227,867 · Fundraising $0$1,227,867
IX-11g Other fees for servicesPrograms $2,017,735 · Management $1,086,161 · Fundraising $33,716$3,137,612
IX-12 Advertising and promotionPrograms $131,456 · Management $116,157 · Fundraising $55,941$303,554
IX-13 Office expensesPrograms $2,255,874 · Management $491,909 · Fundraising $150,681$2,898,464
IX-14 Information technologyPrograms $105,322 · Management $1,321,507 · Fundraising $31,840$1,458,669
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $1,781,051 · Management $810,331 · Fundraising $16,314$2,607,696
IX-17 TravelPrograms $807,374 · Management $21,092 · Fundraising $30,493$858,959
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $266,886 · Management $25,143 · Fundraising $5,295$297,324
IX-20 InterestPrograms $4,295,235 · Management $0 · Fundraising $0$4,295,235
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $9,873,947 · Management $508,145 · Fundraising $105,042$10,487,134
IX-23 InsurancePrograms $0 · Management $565,328 · Fundraising $0$565,328
IX-24 Other expenses (24a–d)Programs $4,879,529 · Management $192,762 · Fundraising $29,877$5,102,168
IX-25 Total functional expensesPrograms $94,095,462 · Management $14,348,376 · Fundraising $2,004,863$110,448,701
Part X · Balance sheet $394,278,148 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $2,719,233$3,779,575
X-2 Savings and temporary cash investmentsStart of year $1,149,548$1,171,640
X-3 Pledges and grants receivableStart of year $2,806,276$1,051,498
X-4 Accounts receivableStart of year $2,369,307$2,304,279
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $1,399,705$1,288,163
X-10c Land, buildings and equipment, netStart of year $189,311,859$179,792,123
X-11 Publicly traded securitiesStart of year $148,009,555$140,361,216
X-12 Other securitiesStart of year $55,107,461$55,467,361
X-13 Program-related investmentsStart of year $3,812,300$3,471,327
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $5,611,725$5,590,966
X-16 Total assetsStart of year $412,296,969$394,278,148
X-17 Accounts payable and accrued expensesStart of year $8,584,480$6,545,193
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $2,384,121$5,364,366
X-20 Tax-exempt bond liabilitiesStart of year $107,658,536$105,382,804
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $17,255,561$17,384,209
X-26 Total liabilitiesStart of year $135,882,698$134,676,572
X-27 Net assets without donor restrictionsStart of year $93,537,760$82,463,243
X-28 Net assets with donor restrictionsStart of year $182,876,511$177,138,333
X-32 Total net assets or fund balancesStart of year $276,414,271$259,601,576
X-33 Total liabilities and net assetsStart of year $412,296,969$394,278,148
Part XI · Reconciliation of net assets $259,601,576 net assets at year end
XI-1 Total revenue$93,748,228
XI-2 Total expenses$110,448,701
XI-3 Revenue less expenses−$16,700,473
XI-4 Net assets at start of year$276,414,271
XI-5 Net unrealized gains (losses) on investments$1,334,877
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets−$1,447,099
XI-10 Net assets at end of year$259,601,576

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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