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Simpson College

Indianola, IA · EIN 42-0680389 · 501(c)(3) · School
Latest filing: Form 990 for the fiscal year ending May 31, 2025 (tax year 2024) · View the filing · Correct or respond

Simpson College reported $83.8 million in revenue and $85.4 million in expenses for the fiscal year ending May 31, 2025. Of every $100 it spent, $89.77 went to program services, $8.53 to management and general costs and $1.70 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 77.9% of the total. The highest compensation it reported for one person was $388,532 (President through 4/2025 - *Deceased*). 13 people received more than $100,000 in reportable compensation. Revenue rose 37% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending May 31, 2025 · Form 990, Part IX, line 25 · total expenses $85M

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 May 31, 2025 · Form 990, Part VIII · total revenue $84M

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)
89.8%84.4%
Management & general
Part IX 25(C) ÷ 25(A)
8.5%13.4%
Fundraising
Part IX 25(D) ÷ 25(A)
1.7%0.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.18$0.04
Contributions & grants share of revenue
Part VIII 1h ÷ 12
9.7%19.1%
Government grants share of revenue
Part VIII 1e ÷ 12
1.4%1.1%
Program service revenue share
Part VIII 2g ÷ 12
77.9%69.9%
Highest reported compensation
Part VII-A, columns D–F
$388,532$331,578
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
0.46%1.28%
People paid over $100,000
Part VII, line 2
138
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
14.013.3
Independent voting board members
Part VI 1a–1b
42 of 43100.0%

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
$77M expenses · 100.0% of program spending · grants $37M · revenue $65M

Simpson College provides instruction to approximately 1,200 full and part-time undergraduate students, with major areas of instruction in business, elementary education, sciences and the arts

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 through 4/2025 - *Deceased*
Director/trustee, officer, 40.0 hrs/week
$360,968$0$27,564$388,532
VP OF FINANCE/BUSINESS ADMINISTRATION, CFO
Officer, 40.0 hrs/week
$172,632$0$14,291$186,923
Vice President - College Advancement - END 06/2025
Key employee, 40.0 hrs/week
$147,973$0$26,827$174,800
VP - Enrollment
Highest compensated employee, 40.0 hrs/week
$138,566$0$26,094$164,660
Academic Dean - END 09/2024
Officer, 40.0 hrs/week
$155,294$0$7,421$162,715
Academic Dean
Officer, 40.0 hrs/week
$137,445$0$15,043$152,488
VP - Marketing & Strategic Communications
Highest compensated employee, 40.0 hrs/week
$136,257$0$15,225$151,482
VP-Sr Director - Advancement
Highest compensated employee, 40.0 hrs/week
$131,038$0$13,611$144,649

13 people received more than $100,000 in reportable compensation from Simpson College (Part VII, line 2). Compensation of current officers, directors and key employees totaled $774K (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$25M$50M$75M$100MFY2020FY2021FY2022FY2023FY2024FY2025$84M$85M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$84M$85M89.8%$100M$388,532
FY2024 ⓘ$67M$79M89.1%$104M$374,391
FY2023 ⓘ$64M$76M87.0%$109M$429,686
FY2022 ⓘ$65M$69M90.3%$123M$423,527
FY2021 ⓘ$83M$65M91.2%$137M$312,998
FY2020 ⓘ$61M$64M90.7%$113M$422,567

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–1b43 · 42 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 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bYes
  • Employees Part I, line 51,030
  • Volunteers Part I, line 640

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
Jones Lang LaSalle Americas Inc
Facility Management
$3,889,426
SODEXO AFFILIATES
Food Service
$3,344,262
CBIZ
Consulting
$664,639
Education Advisory Board
Consulting
$517,770
10FOLD ARCHITECTURE AND ENGINEERING
Consulting
$419,090

Individuals listed as contractors are left out. 23 contractors were paid more than $100,000 in all.

Private foundation grants it received

25 private foundations reported grants to Simpson College totaling $194K 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 Simpson 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 Simpson 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 Simpson College's spending goes to programs?

In the fiscal year ending May 31, 2025, Simpson College reported that 89.8% of its $85.4 million in expenses went to program services, 8.5% to management and general and 1.7% to fundraising (Form 990, Part IX).

How much does Simpson College pay its top executive?

The largest total compensation Simpson College reported for one person in the fiscal year ending May 31, 2025 was $388,532, for the role of President through 4/2025 - *Deceased* (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Simpson College get its money?

Of $83.8 million in revenue in the fiscal year ending May 31, 2025, 9.7% came from contributions and grants (including 1.4% from government grants) and 77.9% from program service revenue (Form 990, Part VIII).

Is Simpson College a registered charity?

The IRS lists EIN 42-0680389 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 May 31, 2025, object 202641059349301819 · read the filing · XML
  • FY2024: Form 990 for the fiscal year ending May 31, 2024, object 202511049349302271 · read the filing
  • FY2023: Form 990 for the fiscal year ending May 31, 2023, object 202411039349301431 · read the filing
  • FY2022: Form 990 for the fiscal year ending May 31, 2022, object 202301049349300235 · read the filing
  • FY2021: Form 990 for the fiscal year ending May 31, 2021, object 202221059349300717 · read the filing
  • FY2020: Form 990 for the fiscal year ending May 31, 2020, object 202111049349300041 · read the filing

All filings for EIN 42-0680389: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.