EIN 42-0680335

Cornell College

IRS 501(c) type
501(c)(3)
Num. employees
894
State
Year formed
1854
Most recent tax filings
2022-06-01
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
$83,850,862
2022
Total expenses
$80,018,230
2022
Total assets
$226,333,007
2022
Num. employees
894
2022

Program areas at Cornell College

Instruction, academic support, continuing education in 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. Since professors only teach one block at a time, students have more access to professors, and professors can teach students off-campus in whatever venue best fits the material. With a student body from 47 states and 19 foreign countries, 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 of historic and modern facilities, ranging from the majestic king chapel to 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's creative corridor. Cornell's hilltop cafe was named the second best dining 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 jobs and not burdened by debt, as shown by our low average loan default rate. Compared to graduates of other four-year institutions, cornellians are twice as likely to have the means to pay off student loans. Approximately 99% of Cornell graduates complete their degrees in four years or less, and 53% of Cornell graduates complete an advanced degree. Cornell's law school acceptance rate is 83% compared to the national average of 73%. Cornell's medical school acceptance rate is 76% compared to the national average of 40%. Cornell has since 1996 been known as one of the "colleges that change lives," based on the loren pope book now in its fourth edition. Its distinctive curriculum within the liberal arts provides a solid path to professional achievement and personal fulfillment.

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
Morgan Stanley Global Impact Funding TrustUnrestricted General Support$620,000
College First FoundationGeneral Fund$482,000
...and 47 more grants received totalling $3,657,538
Federal funding details
Federal agencyProgram nameAmount
Department of EducationFEDERAL DIRECT STUDENT LOANS - UNSUBSIDIZED LOANS$2,237,488
Department of EducationFEDERAL DIRECT STUDENT LOANS - SUBSIDIZED LOANS$2,134,880
Department of EducationFEDERAL DIRECT STUDENT LOANS - PLUS LOANS$1,481,499
...and 13 more federal grants / contracts

Personnel at Cornell College

NameTitleCompensation
Layzell DanTreasurer and Vice President , Chief Financial Officer and Chief Operating Officer$252,814
Kelly FlegeVice President , Chief Financial Officer , 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 06/2022
Total grants, contributions, etc.$16,884,263
Program services$59,138,374
Investment income and dividends$1,423,106
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$37,102
Net gain from sale of non-inventory assets$4,439,662
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$1,928,355
Total revenues$83,850,862

Form 990s for Cornell College

Fiscal year endingDate received by IRSFormPDF link
2022-062023-05-10990View PDF
2020-062021-05-05990View PDF
2019-062021-01-21990View PDF
2018-062019-06-19990View PDF
2017-062018-04-10990View PDF
...and 7 more Form 990s

Organizations like Cornell College

OrganizationLocationRevenue
College of Saint BenedictSaint Joseph, MN$117,974,549
Saint Mary's CollegeNotre Dame, IN$143,002,673
Trustees of the College of the Holy CrossWorcester, MA$353,583,327
Eckerd CollegeSaint Petersburg, FL$125,335,333
Arcadia UniversityGlenside, PA$152,356,000
Lafayette CollegeEaston, PA$266,381,429
University of the SouthSewanee, TN$87,938,479
Saint Anselm CollegeManchester, NH$137,656,527
Susquehanna UniversitySelinsgrove, PA$169,609,787
Gustavus Adolphus CollegeSaint Peter, MN$183,510,862
Data update history
July 19, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 1, 2023
Updated personnel
Identified 6 new personnel
May 20, 2023
Updated personnel
Identified 5 new personnel
May 12, 2023
Used new vendors
Identified 1 new vendor, including
May 7, 2023
Received grants
Identified 1 new grant, including a grant for $81,181 from Pauley CM for Cornell College
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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