EIN 42-0680335

Cornell College

IRS 501(c) type
501(c)(3)
Num. employees
1,004
State
Year formed
1854
Most recent tax filings
2023-06-01
Description
Cornell College is a liberal arts school in Iowa that fosters intellectual curiosity, creativity, and moral courage through innovative and immersive learning.
Total revenues
$79,829,305
2023
Total expenses
$83,940,077
2023
Total assets
$226,689,943
2023
Num. employees
1,004
2023

Program areas at Cornell College

Instruction, academic support, continuing education and the library:cornell College, a selective liberal arts College in mount vernon, Iowa, is recognized as one of the "colleges that change lives." The academic immersion of its one course at a time curriculum allows students to focus on a single academic subject per 18-day block. Sinceprofessors only teach one block at a time, students have more access toprofessors, and professors can teach students off-campus in whatevervenue best fits the material. With a student body from 45 states, puerto rico, and 24 countries outside the us, and renowned visiting speakers, faculty, and entertainers, Cornell offers the world from its hilltop campus.
Auxiliary enterprises (housing, dining, student union and service center): founded in 1853, Cornell's picturesque hilltop campus contains a mix ofhistoric and modern facilities, ranging from the majestic king chapelto the newly renovated thomas commons. It is located in mount vernon,iowa-an urban fringe community recognized by frommer's as one of"america's coolest small towns and located in the heart of iowa'screative corridor. Cornell's hilltop cafe was named the second bestdining hall in the nation by bestcolleges.com in 2015.
Student aid and financial assistance: students invest in their education at Cornell College, and Cornell invests in their futures. Cornell College graduates are getting jobsand not burdened by debt, as shown by our low average loan defaultrate. Compared to graduates of other four-year institutions, cornellians are twice as likely to have the means to pay off student loans. 91% of Cornell's 2023 graduating class completed their degrees in four years or less. Cornell's medical school acceptace rate is 77% for first time applicants (2008-2021); the national average for those years is 40%. The law school acceptance rate for all Cornell graduates (2010-2021) is 82%; the national average for those years is 73%.

Who funds Cornell College

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Esther and Robert Armstrong Charitable TrustTo Assist Qualified 501(c)(3) Public Charity Achieve Their Charitable Mission$630,253
College First FoundationGeneral Fund$482,000
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$319,000
...and 51 more grants received totalling $3,601,130

Personnel at Cornell College

NameTitleCompensation
Layzell DanTreasurer and Vice President , Chief Financial Officer and Chief Operating Officer$252,814
Kelly FlegeVice President , Chief Operating and Chief Financial Officer and Treasurer
Kay LangsethVice President for Business Affairs and Treasurer / Treasurer and Vice President of Business Affairs$193,395
Beckemeyer WendyVice President for Enrollment Management$235,070
Ronald Joseph DiekerVice President for Academic Affairs and Dean$143,868
...and 11 more key personnel

Financials for Cornell College

RevenuesFYE 06/2023
Total grants, contributions, etc.$13,585,343
Program services$61,847,757
Investment income and dividends$1,944,817
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$17,912
Net gain from sale of non-inventory assets$-1,114,684
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$3,548,160
Total revenues$79,829,305

Form 990s for Cornell College

Fiscal year endingDate received by IRSFormPDF link
2023-062024-02-14990View PDF
2022-062023-05-10990View PDF
2021-062022-05-11990View PDF
2020-062021-05-05990View PDF
2019-062021-01-21990View PDF
...and 9 more Form 990s

Organizations like Cornell College

OrganizationLocationRevenue
William Jessup University (WJU)Rocklin, CA$57,224,285
Carlow UniversityPittsburgh, PA$75,353,671
Mount Mercy UniversityCedar Rapids, IA$54,383,606
Trustees of the College of the Holy CrossWorcester, MA$353,583,327
John Brown University (JBU)Siloam Springs, AR$80,057,560
Saint Mary's CollegeNotre Dame, IN$127,115,623
College of Saint BenedictSaint Joseph, MN$117,974,549
Augustana UniversitySioux Falls, SD$143,751,717
Gustavus Adolphus CollegeSaint Peter, MN$150,522,013
Susquehanna UniversitySelinsgrove, PA$155,751,650
Data update history
May 17, 2024
Received grants
Identified 1 new grant, including a grant for $1,825 from Martino Joseph W and Helen M Mem Fund
February 4, 2024
Received grants
Identified 14 new grant, including a grant for $225,000 from The Minneapolis Foundation
October 25, 2023
Received grants
Identified 3 new grant, including a grant for $250,000 from Rebecca Susan Buffett Foundation
August 20, 2023
Received grants
Identified 34 new grant, including a grant for $630,253 from Esther and Robert Armstrong Charitable Trust
August 12, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
SchoolsHigher ed institutions
Issues
Education
Characteristics
ChristianReligiousOperates internationallyNational levelReceives government fundingEndowed supportCommunity engagement / volunteeringProvides scholarshipsTax deductible donations
General information
Address
600 First St SW
Mount Vernon, IA 52314
Metro area
Cedar Rapids, IA
County
Linn County, IA
Website URL
cornellcollege.edu/ 
Phone
(319) 895-4383
IRS details
EIN
42-0680335
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1854
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B42: Undergraduate College (4-year)
NAICS code, primary
611310: Colleges, Universities, and Professional Schools
Parent/child status
Independent
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