The Trustees of Grinnell College
Also known as Grinnell College
The Trustees of Grinnell College reported $361.9 million in revenue and $259.5 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $90.19 went to program services, $6.67 to management and general costs and $3.14 to fundraising. Its largest source of revenue was investment income: 53.9% of the total. The highest compensation it reported for one person was $1,073,100 (CHIEF INVESTMENT OFFICER). 208 people received more than $100,000 in reportable compensation. Revenue rose 71% 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 $260MFor 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 $362MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 90.2% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 6.7% | 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 | $0.37 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 6.0% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.4% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 39.1% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $1,073,100 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.41% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 208 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 144.8 | 13.3 |
| Independent voting board members Part VI 1a–1b | 29 of 29 | 100.0% |
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 expenseInstructional programs at the private 4-year residential college include the liberal arts and sciences. Grinnell offers a bachelor of arts in 28 major fields with 17 concentrations and a 1:9 faculty to student ratio. Grinnell College has approximately 1,625 students generally from all states and about 60 other countries. At the center of a grinnell education is the college's individually advised curriculum. It combines intense faculty mentoring with an uncommon level of student responsibility for choosing their own unique set of courses.mentoring begins in the first-year tutorial, the only…
Academic and institutional support includes library, faculty development, computer services, public relations, printing services, mail services, and other expenditures to support the activities of the college
Student services includes registration, counseling, admission and financial aid, health services, intercollegiate athletics, lectures, convocations and other student programs
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CHIEF INVESTMENT OFFICER Officer, 60.00 hrs/week | $1,002,930 | $0 | $70,170 | $1,073,100 |
| DEPUTY CHIEF INVESTMENT OFFICER Highest compensated employee, 50.00 hrs/week | $730,359 | $0 | $121,476 | $851,835 |
| PRESIDENT Officer, 60.00 hrs/week | $683,241 | $0 | $144,559 | $827,800 |
| MANAGING DIRECTOR, INVESTMENTS Highest compensated employee, 50.00 hrs/week | $617,657 | $0 | $65,290 | $682,947 |
| MANAGING DIRECTOR, INVEST. OPERATIONS Highest compensated employee, 50.00 hrs/week | $520,581 | $0 | $66,092 | $586,673 |
| VP FINANCE & TREASURER Officer, 60.00 hrs/week | $477,363 | $0 | $55,321 | $532,684 |
| VP DEVELOPMENT Highest compensated employee, 50.00 hrs/week | $338,701 | $0 | $57,629 | $396,330 |
| DEAN & VP ACADEMIC AFFAIRS Key employee, 60.00 hrs/week | $317,525 | $0 | $51,822 | $369,347 |
208 people received more than $100,000 in reportable compensation from The Trustees of Grinnell College (Part VII, line 2). Compensation of current officers, directors and key employees totaled $3.9M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance 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–1b29 · 29 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- 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 4Yes
- Over $15,000 of professional fundraising services Part IV 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 52,530
- Volunteers Part I, line 61,172
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| THE WEITZ COMPANY Construction | $1,372,784 |
| OPN Architecture | $1,357,154 |
| NYEMASTER GOODE PC Attorney | $469,782 |
| COMMUNITY COUNSELLING SERVICE LLC Fundraising | $345,769 |
Individuals listed as contractors are left out. 27 contractors were paid more than $100,000 in all.
Private foundation grants it received
44 private foundations reported grants to The Trustees of Grinnell College totaling $993K 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 The Trustees of Grinnell 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 The Trustees of Grinnell College, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 The Trustees of Grinnell College spent in FY2025, $90.19 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Babson CollegeBabson Park, MA · revenue $360M · programs 86.6% · FY2025
- Oberlin CollegeOberlin, OH · revenue $363M · programs 93.3% · FY2025
- Suffolk UniversityBoston, MA · revenue $359M · programs 85.0% · FY2025
- Pratt InstituteBrooklyn, NY · revenue $365M · programs 86.3% · FY2025
- Loma Linda University Shared ServicesSan Bernardino, CA · revenue $358M · programs 50.8% · FY2025
Questions people ask
How much of The Trustees of Grinnell College's spending goes to programs?
In the fiscal year ending June 30, 2025, The Trustees of Grinnell College reported that 90.2% of its $259.5 million in expenses went to program services, 6.7% to management and general and 3.1% to fundraising (Form 990, Part IX).
How much does The Trustees of Grinnell College pay its top executive?
The largest total compensation The Trustees of Grinnell College reported for one person in the fiscal year ending June 30, 2025 was $1,073,100, for the role of CHIEF INVESTMENT OFFICER (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does The Trustees of Grinnell College get its money?
Of $361.9 million in revenue in the fiscal year ending June 30, 2025, 6.0% came from contributions and grants (including 0.4% from government grants) and 39.1% from program service revenue (Form 990, Part VIII).
Is The Trustees of Grinnell College a registered charity?
The IRS lists EIN 42-0680387 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 202631269349301868 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202511289349300406 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202441309349301774 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202311329349303386 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202211319349301701 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202101309349303120 · read the filing
All filings for EIN 42-0680387: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.