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
Hall-Perrine FoundationSmall Sport Center Expansion/renovations$333,333
...and 45 more grants received totalling $2,998,333

Personnel at Cornell College

NameTitleCompensation
Layzell DanTreasurer and Vice President , Chief Financial Officer and Chief Operating Officer$179,408
Kelly FlegeVice President , Chief Financial Officer Treasurer
Beckemeyer WendyVice President for Enrollment Management$230,920
Gibson JeffDirector of It$134,939
Dan LayzellPast President , Chief Operating Officer , Chief Financial Officer / Vice President , Chief Financial Officer , Treasurer
...and 10 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
Mount Mercy UniversityCedar Rapids, IA$54,383,606
William Jessup University (WJU)Rocklin, CA$57,224,285
Augustana UniversitySioux Falls, SD$127,863,339
Gustavus Adolphus CollegeSaint Peter, MN$150,522,013
University of The SouthSewanee, TN$175,281,398
Lafayette CollegeEaston, PA$258,966,915
Eckerd CollegeSaint Petersburg, FL$143,870,290
Arcadia UniversityGlenside, PA$155,375,000
Susquehanna UniversitySelinsgrove, PA$155,751,650
Saint Anselm CollegeManchester, NH$138,744,388
Data update history
October 16, 2024
Updated personnel
Identified 5 new personnel
September 21, 2024
Received grants
Identified 2 new grant, including a grant for $60,049 from Pauley CM for Cornell College
July 15, 2024
Received grants
Identified 19 new grant, including a grant for $333,333 from Hall-Perrine Foundation
May 22, 2024
Updated personnel
Identified 6 new personnel
May 20, 2024
Posted financials
Added Form 990 for fiscal year 2023
Nonprofit Types
SchoolsHigher ed institutions
Issues
Education
Characteristics
ChristianReligiousOperates internationallyNational levelReceives government fundingEndowed supportCommunity engagement / volunteeringProvides scholarshipsTax deductible donationsAccepts online 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
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Exempt
FTB status revoked
Not revoked
AG Registration Number
None yet
FTB Entity ID
None yet
AB 488 data last updated ("as-of") date
2024-11-06
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