Rollins College educates students for global citizenship and responsible leadership, empowering graduates to pursue meaningful lives and productive careers. We are committed to liberal arts ethos and guided by its values.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
$3.9M 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
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 $19.7M a year · 9% 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
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$3.9M
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
2 mo
of spending, in cash
Fine: 1.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $1.6M
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$218.9M
31% of total assets
Looks good: liabilities are 31% of assets; 50% or less.
Pt X · Ln 26
Independent board members
34
of 35 voting members
Looks good: 34 of 35 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$183.3M
Spent
$181.5M
To programs
90%
Net assets
$489.4M
By yearFY2020–FY2025
Revenue
$183.3M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$183.3M
FY2021$206.0M
FY2022$217.8M
FY2023$213.7M
FY2024$226.8M
FY2025$281.3M
Expenses
$181.5M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$181.5M
FY2021$176.5M
FY2022$196.3M
FY2023$209.3M
FY2024$221.1M
FY2025$225.8M
Net assets
$489.4M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$489.4M
FY2021$606.3M
FY2022$614.3M
FY2023$588.9M
FY2024$628.7M
FY2025$655.8M

From the FY2020 Form 990 (year ending May 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 (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1932.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $162.8M Management & general 8% · $14.4M Fundraising 2% · $4.4M

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

51 people listed on the 990; $3.9M 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
$620,571Pt VII · Sec A
Vice President
$388,920Pt VII · Sec A
Vice President
$347,028Pt VII · Sec A
Vice President
$295,353Pt VII · Sec A
Dean, Crummer Grad
$286,700Pt VII · Sec A
Vice President
$271,584Pt VII · Sec A
Vice President
$212,528Pt VII · Sec A
$200,113Pt VII · Sec A

Grant Cornwell’s $968K as President is at the 73rd 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Grant Cornwell$967,945$945,522$1,160,252$1,097,382$482,273$620,571
Anil Menon$585,563$258,333————
Laurie K Houck$399,464$388,582$374,225$403,013$303,652$347,028
Edward a Kania$382,488$372,100$360,165$393,686$298,347$388,920
Susan R Singer——$312,782$365,496$266,727$295,353
Faye Tydlaska$337,907$314,118$296,973$287,154$202,259$212,528
Deborah Crown——$283,259$335,843$256,012$286,700
Donald Davidson$303,000$253,378————

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 for global citizenship and responsible leadership.

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Provided by the organization

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2 programs · $162.8M · in their own filed words · FY2019
01

Rollins College provided liberal arts and graduate educational courses to 3,104 students who took a combined 100,703 credit hours of classes; a total of 624 undergraduate and 214 graduate degrees were awarded; and a variety of other educational and cultural programs were offered to the community during the fiscal year ended May 31, 2020.

$147.5Mprogram expense
02

Rollins College operated various auxiliary enterprises including dining facilities, housing and other services for the convenience and well-being of its students, faculty and staff.

$15.3Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
See all 7 funders →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$183.3M
Ln 12
Fees for servicesLn 2g$146.0M
Gifts and grantsLn 1h$17.8M
Investment incomeLn 3$16.8M
Money outPt IX
$181.5M
Ln 25
Programscol B$162.8M
Managementcol C$14.4M
Fundraisingcol D$4.4M
Owns and owesPt X
$489.4M
net assets · Ln 32
Cash and savingsLn 1–2$24.9M
Total assetsLn 16$708.3M
LiabilitiesLn 26$218.9M
PeoplePt VI, VII
51
listed · VII A
PaidVII A16
Voting boardVI 1a35
IndependentVI 1b34
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$17.8M
Government grantsLn 1e$3.7M
Noncash giftsLn 1g$3.9M
Fundraising eventsLn 1c$237K
Fees for servicesLn 2g$146.0M
Investment incomeLn 3$16.8M
Other incomeLn 4–11$2.7M
Gains on assetsLn 7$11.3M
Total revenueLn 12$183.3M
Assets in detailPt X, end of year
CashLn 1$24.9M
SavingsLn 2$0
Cash and savings togetherLn 1–2$24.9M
InvestmentsLn 11–13$343.5M
Land, buildings, equipmentLn 10c$274.3M
Other assetsLn 15$18.9M
Total assetsLn 16$708.3M
LiabilitiesLn 26$218.9M
Net assetsLn 32$489.4M
OperationsPt I, VI
EmployeesI 52,107
VolunteersI 6700
Fiscal year endsHeaderMay
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$20.4M$24.9M
InvestmentsLn 11–13$353.3M$343.5M
Land, buildings, equipmentLn 10c$218.8M$274.3M
Total assetsLn 16$666.7M$708.3M
LiabilitiesLn 26$168.4M$218.9M
Net assetsLn 32$498.3M$489.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$56.2M$56.2M
Grants and assistance to foreign recipientsLn 3$104K$104K
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$3.0M$2.6M$400K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$52.2M$46.1M$4.0M$2.2M
Pension plan contributionsLn 8$5.0M$4.4M$397K$228K
Other employee benefitsLn 9$10.6M$8.9M$1.1M$520K
Payroll taxesLn 10$3.7M$3.1M$425K$186K
Management feesLn 11a$0
Legal feesLn 11b$256K$2K$254K
Accounting feesLn 11c$151K$150K$798
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$69K$69K
Investment management feesLn 11f$827K$827K
Other fees for servicesLn 11g$2.5M$2.3M$17K$175K
Advertising and promotionLn 12$1.4M$1.1M$270K$365
Office expensesLn 13$5.1M$4.5M$345K$183K
Information technologyLn 14$4.1M$3.4M$564K$141K
RoyaltiesLn 15$6K$6K
OccupancyLn 16$7.4M$6.1M$1.3M$77K
TravelLn 17$4.2M$3.4M$440K$264K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$301K$231K$50K$19K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$9.3M$8.7M$512K$87K
InsuranceLn 23$481K$438K$30K$13K
Other expenses (24a–d)Ln 24$11.7M$11.3M$564K−$171K
All other expensesLn 24e$3.0M$2.5M$575K−$6K
Total functional expensesLn 25$181.5M$162.8M$14.4M$4.4M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $281.3M$225.8M$55.5M$655.8M 990 PDF
FY2024 $226.8M$221.1M$5.7M$628.7M 990 PDF
FY2023 $213.7M$209.3M$4.4M$588.9M 990 PDF
FY2022 $217.8M$196.3M$21.5M$614.3M 990 PDF
FY2021 $206.0M$176.5M$29.5M$606.3M 990 PDF
FY2020 Viewing $183.3M$181.5M$1.8M$489.4M 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 F · Foreign M · Noncash J · Pay O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $183,305,572 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $26,444,070$17,781,602
I-9 Program service revenuePrior year $146,551,551$145,970,998
I-10 Investment incomePrior year $17,724,998$16,828,096
I-11 Other revenuePrior year $3,749,152$2,724,876
I-12 Total revenuePrior year $194,469,771$183,305,572
I-13 Grants and similar amounts paidPrior year $51,660,106$56,271,788
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $72,387,373$74,504,867
I-16a Professional fundraising feesPrior year $35,227$68,900
I-17 Other expensesPrior year $53,803,502$50,698,821
I-18 Total expensesPrior year $177,886,208$181,544,376
I-19 Revenue less expensesPrior year $16,583,563$1,761,196
Part VI · Governance 34 of 35 board members independent, no flags
VI-1a Voting members of the governing body35
VI-1b Independent voting members34
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 $183,305,572 across 13 lines filed
Lines not itemized here account for $503,287 of total revenue; see the IRS return.
VIII-1c Fundraising events$236,667
VIII-1e Government grants$3,731,557
VIII-1f All other contributions, gifts and grants$13,813,378
VIII-1g Noncash contributions (included above)$3,901,565
VIII-1h Total contributions, gifts and grants$17,781,602
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $145,467,711$145,467,711
VIII-3 Investment incomeRelated to mission $43,210 · Excluded from tax $5,532,369$5,575,579
VIII-5 RoyaltiesRelated to mission $11,023$11,023
VIII-6 Net rental income or lossExcluded from tax $1,372,808$1,372,808
VIII-7 Net gain or loss on sales of assetsExcluded from tax $11,252,517$11,252,517
VIII-8 Net income from fundraising eventsExcluded from tax $30,718$30,718
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $1,310,327$1,310,327
VIII-12 Total revenueRelated to mission $146,025,231 · Unrelated business $1,310,327 · Excluded from tax $18,188,412$183,305,572
Part IX · Statement of functional expenses $181,544,376 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $56,167,711$56,167,711
IX-3 Grants and assistance to foreign recipientsPrograms $104,077$104,077
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffManagement $2,643,249 · Fundraising $400,117$3,043,366
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $46,055,039 · Management $3,973,041 · Fundraising $2,175,669$52,203,749
IX-8 Pension plan contributionsPrograms $4,358,416 · Management $396,534 · Fundraising $228,327$4,983,277
IX-9 Other employee benefitsPrograms $8,928,144 · Management $1,108,592 · Fundraising $520,301$10,557,037
IX-10 Payroll taxesPrograms $3,106,061 · Management $425,480 · Fundraising $185,897$3,717,438
IX-11a Management fees$0
IX-11b Legal feesPrograms $2,362 · Management $254,049$256,411
IX-11c Accounting feesManagement $150,290 · Fundraising $798$151,088
IX-11d Lobbying fees$0
IX-11e Professional fundraising feesFundraising $68,900$68,900
IX-11f Investment management feesManagement $826,651$826,651
IX-11g Other fees for servicesPrograms $2,284,108 · Management $16,724 · Fundraising $175,105$2,475,937
IX-12 Advertising and promotionPrograms $1,093,851 · Management $270,384 · Fundraising $365$1,364,600
IX-13 Office expensesPrograms $4,545,517 · Management $345,269 · Fundraising $182,750$5,073,536
IX-14 Information technologyPrograms $3,385,230 · Management $563,545 · Fundraising $141,358$4,090,133
IX-15 RoyaltiesPrograms $5,542$5,542
IX-16 OccupancyPrograms $6,085,188 · Management $1,282,287 · Fundraising $76,543$7,444,018
IX-17 TravelPrograms $3,447,598 · Management $439,702 · Fundraising $263,622$4,150,922
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $231,351 · Management $49,855 · Fundraising $19,454$300,660
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $8,731,666 · Management $511,955 · Fundraising $87,173$9,330,794
IX-23 InsurancePrograms $438,048 · Management $30,031 · Fundraising $13,121$481,200
IX-24 Other expenses (24a–d)Programs $11,330,796 · Management $563,752 · Fundraising −$171,404$11,723,144
IX-24e All other expensesPrograms $2,455,015 · Management $575,230 · Fundraising −$6,060$3,024,185
IX-25 Total functional expensesPrograms $162,755,720 · Management $14,426,620 · Fundraising $4,362,036$181,544,376
Part X · Balance sheet $708,295,874 assets, 22 lines filed
Asset lines not itemized here account for $636,466; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $20,418,738$24,879,507
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivableStart of year $49,693,538$42,826,666
X-4 Accounts receivableStart of year $1,625,952$1,183,801
X-8 Inventories for sale or useStart of year $237,428$181,257
X-9 Prepaid expenses and deferred chargesStart of year $1,466,406$1,947,382
X-10c Land, buildings and equipment, netStart of year $218,822,681$274,270,277
X-11 Publicly traded securitiesStart of year $352,611,328$343,090,943
X-12 Other securities$0
X-13 Program-related investmentsStart of year $710,016$388,274
X-14 Intangible assets$0
X-15 Other assetsStart of year $18,951,901$18,891,301
X-16 Total assetsStart of year $666,687,035$708,295,874
X-17 Accounts payable and accrued expensesStart of year $16,935,422$17,127,764
X-19 Deferred revenueStart of year $4,715,084$5,609,975
X-20 Tax-exempt bond liabilitiesStart of year $121,378,185$173,225,453
X-25 Other liabilitiesStart of year $6,347,143$6,027,633
X-26 Total liabilitiesStart of year $168,400,834$218,874,825
X-27 Net assets without donor restrictionsStart of year $100,562,320$101,917,879
X-28 Net assets with donor restrictionsStart of year $397,723,881$387,503,170
X-32 Total net assets or fund balancesStart of year $498,286,201$489,421,049
X-33 Total liabilities and net assetsStart of year $666,687,035$708,295,874
Part XI · Reconciliation of net assets $489,421,049 net assets at year end
XI-1 Total revenue$183,305,572
XI-2 Total expenses$181,544,376
XI-3 Revenue less expenses$1,761,196
XI-4 Net assets at start of year$498,286,201
XI-5 Net unrealized gains (losses) on investments−$10,354,898
XI-7 Investment expenses$826,651
XI-9 Other changes in net assets−$1,098,101
XI-10 Net assets at end of year$489,421,049

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

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