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Central College

Pella, IA · EIN 42-0680344 · 501(c)(3) · School
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Central College reported $70.0 million in revenue and $54.4 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $87.28 went to program services, $9.63 to management and general costs and $3.09 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 53.9% of the total. Government grants made up 7.0%. The highest compensation it reported for one person was $331,764 (PRESIDENT). 34 people received more than $100,000 in reportable compensation. Revenue rose 7% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $54M

For context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $70M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 5,499 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
87.3%84.4%
Management & general
Part IX 25(C) ÷ 25(A)
9.6%13.4%
Fundraising
Part IX 25(D) ÷ 25(A)
3.1%0.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.08$0.04
Contributions & grants share of revenue
Part VIII 1h ÷ 12
31.5%19.1%
Government grants share of revenue
Part VIII 1e ÷ 12
7.0%1.1%
Program service revenue share
Part VIII 2g ÷ 12
53.9%69.9%
Highest reported compensation
Part VII-A, columns D–F
$331,764$331,578
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
0.61%1.28%
People paid over $100,000
Part VII, line 2
348
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
26.313.3
Independent voting board members
Part VI 1a–1b
35 of 35100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$25M expenses · 51.6% of program spending · grants $8.9M · revenue $20M

Provided educational services related to classroom teaching, laboratory experiences, and program service to 1,109 students, including 1,044 receiving institutional financial assistance

$11M expenses · 22.5% of program spending · revenue $1.4M

Expenses related to providing personal services and activities for students at a residential college, including counseling, extra-curricular activities, wellness, admissions, and student government

$10M expenses · 21.7% of program spending · revenue $13M

Provided room and board on a residential campus to 1,014 students living in residential units and 1,010 students with board contracts

$2.0M all other programs (line 4d)

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
PRESIDENT
Officer, 40.0 hrs/week
$278,487$0$53,277$331,764
VP ACADEMICS
Key employee, 40.0 hrs/week
$201,336$0$56,248$257,584
VP FINANCE & ADMIN/Assistant Treasurer
Officer, 40.0 hrs/week
$165,712$0$33,427$199,139
VP DEVELOPMENT
Key employee, 40.0 hrs/week
$155,385$0$15,500$170,885
VP for Student Development/Dean of Students
Key employee, 40.0 hrs/week
$150,375$0$15,000$165,375
FOOTBALL COACH
Highest compensated employee, 40.0 hrs/week
$128,295$0$35,229$163,524
VP ENROLLMENT
Highest compensated employee, 40.0 hrs/week
$139,646$0$21,343$160,989
VP for Athletics
Highest compensated employee, 40.0 hrs/week
$121,225$0$35,216$156,441

34 people received more than $100,000 in reportable compensation from Central College (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.3M (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$20M$40M$60M$80MFY2020FY2021FY2022FY2023FY2024FY2025$70M$54M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$70M$54M87.3%$119M$331,764
FY2024 ⓘ$52M$54M87.5%$106M$331,734
FY2023 ⓘ$50M$54M86.8%$107M$324,025
FY2022 ⓘ$51M$51M87.2%$115M$337,112
FY2021 ⓘ$52M$50M84.8%$122M$315,199
FY2020 ⓘ$65M$71M90.1%$103M$314,183

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b35 · 35 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aNo
  • Whistleblower policy Part VI 13No
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bYes
  • Employees Part I, line 51,224
  • Volunteers Part I, line 650

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
UNIVERSAL PROTECTION SERVICE LP
Security
$166,486
CAPTURE LLC
Consultant
$108,702
CAPFINANCIAL PARTNERS LLC
Investmant manager
$102,509

Individuals listed as contractors are left out. 3 contractors were paid more than $100,000 in all.

Private foundation grants it received

33 private foundations reported grants to Central College totaling $1.4M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Central College's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Central College, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All education charities · Largest charities in Iowa

Questions people ask

How much of Central College's spending goes to programs?

In the fiscal year ending June 30, 2025, Central College reported that 87.3% of its $54.4 million in expenses went to program services, 9.6% to management and general and 3.1% to fundraising (Form 990, Part IX).

How much does Central College pay its top executive?

The largest total compensation Central College reported for one person in the fiscal year ending June 30, 2025 was $331,764, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Central College get its money?

Of $70.0 million in revenue in the fiscal year ending June 30, 2025, 31.5% came from contributions and grants (including 7.0% from government grants) and 53.9% from program service revenue (Form 990, Part VIII).

Is Central College a registered charity?

The IRS lists EIN 42-0680344 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202601349349302995 · read the filing · XML
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202520999349301707 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202411229349301926 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202311189349300411 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202201179349302015 · read the filing
  • FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202131179349301853 · read the filing

All filings for EIN 42-0680344: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.