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Allen College

Waterloo, IA · EIN 42-1351526 · 501(c)(3) · School
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

Allen College reported $11.5 million in revenue and $13.3 million in expenses for calendar year 2024. Of every $100 it spent, $82.96 went to program services, $17.04 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 87.7% of the total. The highest compensation it reported for one person was $934,735 (BOARD MEMBER/PRESIDENT/CEO). Revenue fell 10% between 2019 and 2024. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $13M

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

Calendar year 2024 · Form 990, Part VIII · total revenue $11M

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

2024 filing. Median across 5,499 covered charities in this category, from their latest filings.
Measure2024Median
Program services
Part IX 25(B) ÷ 25(A)
83.0%84.4%
Management & general
Part IX 25(C) ÷ 25(A)
17.0%13.4%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%0.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.00$0.04
Contributions & grants share of revenue
Part VIII 1h ÷ 12
12.1%19.1%
Government grants share of revenue
Part VIII 1e ÷ 12
3.2%1.1%
Program service revenue share
Part VIII 2g ÷ 12
87.7%69.9%
Highest reported compensation
Part VII-A, columns D–F
$934,735$331,578
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
7.05%1.28%
People paid over $100,000
Part VII, line 2
08
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
27.213.3
Independent voting board members
Part VI 1a–1b
8 of 9100.0%

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

2024 · Form 990, Part III · the three largest programs by expense
$9.8M expenses · 88.9% of program spending · grants $700K · revenue $10M

Educationallen college is an accredited, private, non-profit, multi-purpose college for nursing and health sciences. To provide general education courses, Allen College has developed partnerships with many colleges and universities in iowa. The affiliation between these institutions will maximize the students' learning opportunities by combining the strength of Allen College's clinical component with the traditional college environment. Allen College has nine programs and 1 minor available: doctorate of nurse practitioner (dnp), doctor of education (ed.d.), master of science in nursing (msn)…

$1.2M expenses · 11.1% of program spending · grants $1.2M

Scholarshipsallen college provides scholarships to its students based on academic, social and community service criteria that are established in part by donors who contribute funds for these types of scholarships. A scholarship committee is used to determine eligibility and recommend recipients

Highest reported compensation

2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
BOARD MEMBER/PRESIDENT/CEO
Former, 0.00 hrs/week
$0$798,296$136,439$934,735
BOARD MEMBER & MARKET PRESIDENT
Director/trustee, officer, 1.00 hrs/week
$0$484,503$77,969$562,472
CFO UPC & ACO
Former, 0.00 hrs/week
$0$464,024$85,286$549,310
COLLEGE PRESIDENT
Officer, 40.00 hrs/week
$0$316,530$48,157$364,687
MARKET VP FINANCE
Officer, 1.00 hrs/week
$0$241,678$17,935$259,613
BOARD MEMBER
Director/trustee, 1.00 hrs/week
$0$12,484$624$13,108

0 people received more than $100,000 in reportable compensation from Allen College (Part VII, line 2). Compensation of current officers, directors and key employees totaled $365K (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$5.0M$10M$15M$20M201920202021202220232024$11M$13M
FilingRevenueExpensesProgramsNet assetsTop pay
2024 ⓘ$11M$13M83.0%$30M$934,735
2023 ⓘ$12M$12M82.9%$30M$1,082,998
2022 ⓘ$12M$12M83.4%$29M$999,529
2021 ⓘ$14M$13M83.7%$30M$1,137,765
2020 ⓘ$13M$11M86.2%$14M$1,470,151
2019 ⓘ$13M$11M85.2%$23M$1,074,827

Governance answers, as filed

2024 · 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–1b9 · 8 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 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 50
  • Volunteers Part I, line 68

Largest outside contractors

2024 · Form 990, Part VII, Section B · businesses only
EBSCO INDUSTRIES INC EPPG DIV
Other services
$256,050

Individuals listed as contractors are left out. 1 contractors were paid more than $100,000 in all.

Private foundation grants it received

7 private foundations reported grants to Allen College totaling $125K 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 Allen 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 Allen 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 Allen College's spending goes to programs?

In calendar year 2024, Allen College reported that 83.0% of its $13.3 million in expenses went to program services, 17.0% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Allen College pay its top executive?

The largest total compensation Allen College reported for one person in calendar year 2024 was $934,735, for the role of BOARD MEMBER/PRESIDENT/CEO (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Allen College get its money?

Of $11.5 million in revenue in calendar year 2024, 12.1% came from contributions and grants (including 3.2% from government grants) and 87.7% from program service revenue (Form 990, Part VIII).

Is Allen College a registered charity?

The IRS lists EIN 42-1351526 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

  • 2024: Form 990 for calendar year 2024, object 202543179349309699 · read the filing · XML
  • 2023: Form 990 for calendar year 2023, object 202443199349309664 · read the filing
  • 2022: Form 990 for calendar year 2022, object 202343189349307714 · read the filing
  • 2021: Form 990 for calendar year 2021, object 202213189349306136 · read the filing
  • 2020: Form 990 for calendar year 2020, object 202123169349310872 · read the filing
  • 2019: Form 990 for calendar year 2019, object 202043189349307059 · read the filing

All filings for EIN 42-1351526: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.