Rollins College FY2021 filing

Tax-deductible

Winter Park, FL501(c)(3)Since 1885Colleges & UniversitiesEIN 59-0624440Revenue $206.0M in FY2021

On file with the IRSrollins.edu1000 Holt Ave - 2715, 32789-4499 · Winter Park, FLTax-exempt since Jan 1932School — 170(b)(1)(A)(ii)

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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.
89¢ of each $1 spent went to programs.
$3.3M 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
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
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$3.3M
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
4 mo
of spending, in cash
Looks good: 3.8 months of spending in cash; 3 or more.
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
$246.3M
29% of total assets
Looks good: liabilities are 29% of assets; 50% or less.
Pt X · Ln 26
Independent board members
33
of 34 voting members
Looks good: 33 of 34 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$206.0M
+12% vs prior year
Spent
$176.5M
To programs
89%
Net assets
$606.3M
By yearFY2020–FY2025
Revenue
$206.0M
FY2021▲ +12%
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
$176.5M
FY2021▼ -3%
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
$606.3M
FY2021▲ +24%
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 FY2021 Form 990 (year ending May 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 Jan 1932.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $157.8M Management & general 8% · $14.7M Fundraising 2% · $4.0M

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; $3.3M 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
$482,273Pt VII · Sec A
Vice President
$303,652Pt VII · Sec A
Vice President
$298,347Pt VII · Sec A
Vice President
$266,727Pt VII · Sec A
Dean Crummer Busin
$256,012Pt VII · Sec A
Vice President
$233,291Pt VII · Sec A
Vice President
$202,259Pt VII · Sec A
$195,997Pt 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 · $157.8M · in their own filed words · FY2020
01

Rollins College provided liberal arts and graduate educational courses to 3,365 students who took a combined 99,955 credit hours of classes; a total of 618 undergraduate and 169 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, 2021.

$141.1Mprogram 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.

$16.7Mprogram 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$206.0M
Ln 12
Fees for servicesLn 2g$150.0M
Gifts and grantsLn 1h$30.2M
Investment incomeLn 3$24.0M
Money outPt IX
$176.5M
Ln 25
Programscol B$157.8M
Managementcol C$14.7M
Fundraisingcol D$4.0M
Owns and owesPt X
$606.3M
net assets · Ln 32
Cash and savingsLn 1–2$55.3M
Total assetsLn 16$852.7M
LiabilitiesLn 26$246.3M
PeoplePt VI, VII
48
listed · VII A
PaidVII A15
Voting boardVI 1a34
IndependentVI 1b33
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$30.2M
Government grantsLn 1e$5.1M
Noncash giftsLn 1g$7.2M
Fees for servicesLn 2g$150.0M
Investment incomeLn 3$24.0M
Other incomeLn 4–11$1.8M
Gains on assetsLn 7$19.5M
Total revenueLn 12$206.0M
Assets in detailPt X, end of year
CashLn 1$55.3M
SavingsLn 2$0
Cash and savings togetherLn 1–2$55.3M
InvestmentsLn 11–13$431.3M
Land, buildings, equipmentLn 10c$294.0M
Other assetsLn 15$22.8M
Total assetsLn 16$852.7M
LiabilitiesLn 26$246.3M
Net assetsLn 32$606.3M
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 FY21End FY21
Cash and savingsLn 1–2$24.9M$55.3M
InvestmentsLn 11–13$343.5M$431.3M
Land, buildings, equipmentLn 10c$274.3M$294.0M
Total assetsLn 16$708.3M$852.7M
LiabilitiesLn 26$218.9M$246.3M
Net assetsLn 32$489.4M$606.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$61.9M$61.9M
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$2.6M$2.3M$348K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$47.8M$40.8M$5.0M$2.0M
Pension plan contributionsLn 8$3.8M$3.2M$354K$174K
Other employee benefitsLn 9$10.6M$8.8M$1.3M$525K
Payroll taxesLn 10$3.4M$2.8M$450K$174K
Management feesLn 11a$0
Legal feesLn 11b$212K$15K$192K$4K
Accounting feesLn 11c$115K$115K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$142K$142K
Investment management feesLn 11f$521K$521K
Other fees for servicesLn 11g$785K$509K$142K$135K
Advertising and promotionLn 12$667K$507K$158K$2K
Office expensesLn 13$6.1M$5.4M$565K$162K
Information technologyLn 14$3.2M$3.1M$141K$19K
RoyaltiesLn 15$11K$11K$300
OccupancyLn 16$8.3M$6.9M$1.3M$67K
TravelLn 17$682K$586K$69K$26K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$154K$151K$3K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$10.2M$9.6M$488K$83K
InsuranceLn 23$442K$402K$30K$11K
Other expenses (24a–d)Ln 24$12.9M$11.6M$1.3M$52K
All other expensesLn 24e$2.0M$1.6M$331K$88K
Total functional expensesLn 25$176.5M$157.8M$14.7M$4.0M

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 Viewing $206.0M$176.5M$29.5M$606.3M 990 PDF
FY2020 $183.3M$181.5M$1.8M$489.4M 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 FY2021 990 (6 parts)
Part I · Summary $206,009,877 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $17,781,602$30,245,080
I-9 Program service revenuePrior year $145,970,998$149,967,159
I-10 Investment incomePrior year $16,828,096$24,012,200
I-11 Other revenuePrior year $2,724,876$1,785,438
I-12 Total revenuePrior year $183,305,572$206,009,877
I-13 Grants and similar amounts paidPrior year $56,271,788$61,856,264
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $74,504,867$68,142,510
I-16a Professional fundraising feesPrior year $68,900$142,255
I-17 Other expensesPrior year $50,698,821$46,344,431
I-18 Total expensesPrior year $181,544,376$176,485,460
I-19 Revenue less expensesPrior year $1,761,196$29,524,417
Part VI · Governance 33 of 34 board members independent, no flags
VI-1a Voting members of the governing body34
VI-1b Independent voting members33
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 $206,009,877 across 12 lines filed
VIII-1e Government grants$5,120,357
VIII-1f All other contributions, gifts and grants$25,124,723
VIII-1g Noncash contributions (included above)$7,191,629
VIII-1h Total contributions, gifts and grants$30,245,080
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $149,967,159$149,967,159
VIII-3 Investment incomeRelated to mission $33,729 · Excluded from tax $4,512,639$4,546,368
VIII-5 RoyaltiesRelated to mission $11,931$11,931
VIII-6 Net rental income or lossExcluded from tax $1,091,724$1,091,724
VIII-7 Net gain or loss on sales of assetsExcluded from tax $19,465,832$19,465,832
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $681,783$681,783
VIII-12 Total revenueRelated to mission $150,012,819 · Unrelated business $681,783 · Excluded from tax $25,070,195$206,009,877
Part IX · Statement of functional expenses $176,485,460 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $61,856,264$61,856,264
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffManagement $2,252,294 · Fundraising $348,450$2,600,744
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $40,783,668 · Management $4,960,477 · Fundraising $2,018,997$47,763,142
IX-8 Pension plan contributionsPrograms $3,249,125 · Management $354,427 · Fundraising $173,750$3,777,302
IX-9 Other employee benefitsPrograms $8,757,800 · Management $1,272,676 · Fundraising $525,056$10,555,532
IX-10 Payroll taxesPrograms $2,821,965 · Management $449,974 · Fundraising $173,851$3,445,790
IX-11a Management fees$0
IX-11b Legal feesPrograms $15,279 · Management $192,385 · Fundraising $3,956$211,620
IX-11c Accounting feesManagement $114,645$114,645
IX-11d Lobbying fees$0
IX-11e Professional fundraising feesFundraising $142,255$142,255
IX-11f Investment management feesManagement $521,381$521,381
IX-11g Other fees for servicesPrograms $508,574 · Management $141,752 · Fundraising $134,887$785,213
IX-12 Advertising and promotionPrograms $507,300 · Management $158,455 · Fundraising $1,550$667,305
IX-13 Office expensesPrograms $5,357,364 · Management $565,313 · Fundraising $161,753$6,084,430
IX-14 Information technologyPrograms $3,082,757 · Management $140,830 · Fundraising $19,356$3,242,943
IX-15 RoyaltiesPrograms $10,947 · Fundraising $300$11,247
IX-16 OccupancyPrograms $6,932,198 · Management $1,325,543 · Fundraising $66,848$8,324,589
IX-17 TravelPrograms $586,381 · Management $69,195 · Fundraising $26,424$682,000
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $151,088 · Management $2,833$153,921
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $9,583,049 · Management $487,514 · Fundraising $83,012$10,153,575
IX-23 InsurancePrograms $401,538 · Management $29,525 · Fundraising $11,407$442,470
IX-24 Other expenses (24a–d)Programs $11,551,332 · Management $1,318,091 · Fundraising $52,351$12,921,774
IX-24e All other expensesPrograms $1,608,864 · Management $330,837 · Fundraising $87,617$2,027,318
IX-25 Total functional expensesPrograms $157,765,493 · Management $14,688,147 · Fundraising $4,031,820$176,485,460
Part X · Balance sheet $852,650,336 assets, 22 lines filed
Asset lines not itemized here account for $1,070,789; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $24,879,507$55,329,018
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivableStart of year $42,826,666$44,050,197
X-4 Accounts receivableStart of year $1,183,801$1,747,039
X-8 Inventories for sale or useStart of year $181,257$196,298
X-9 Prepaid expenses and deferred chargesStart of year $1,947,382$2,180,238
X-10c Land, buildings and equipment, netStart of year $274,270,277$293,998,106
X-11 Publicly traded securitiesStart of year $343,090,943$430,924,743
X-12 Other securities$0
X-13 Program-related investmentsStart of year $388,274$385,296
X-14 Intangible assets$0
X-15 Other assetsStart of year $18,891,301$22,768,612
X-16 Total assetsStart of year $708,295,874$852,650,336
X-17 Accounts payable and accrued expensesStart of year $17,127,764$16,102,957
X-19 Deferred revenueStart of year $5,609,975$8,106,497
X-20 Tax-exempt bond liabilitiesStart of year $173,225,453$201,823,968
X-25 Other liabilitiesStart of year $6,027,633$5,633,336
X-26 Total liabilitiesStart of year $218,874,825$246,343,758
X-27 Net assets without donor restrictionsStart of year $101,917,879$129,021,006
X-28 Net assets with donor restrictionsStart of year $387,503,170$477,285,572
X-32 Total net assets or fund balancesStart of year $489,421,049$606,306,578
X-33 Total liabilities and net assetsStart of year $708,295,874$852,650,336
Part XI · Reconciliation of net assets $606,306,578 net assets at year end
XI-1 Total revenue$206,009,877
XI-2 Total expenses$176,485,460
XI-3 Revenue less expenses$29,524,417
XI-4 Net assets at start of year$489,421,049
XI-5 Net unrealized gains (losses) on investments$87,086,422
XI-7 Investment expenses$521,381
XI-9 Other changes in net assets−$246,691
XI-10 Net assets at end of year$606,306,578

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

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