Hillsdale College HQ
Hillsdale, MI
| http://WWW.HILLSDALE.EDU
Mission
SEE SCHEDULE O
Ruling year info
1943
Principal Officer
LARRY P ARNN
Main address
33 E College St
Hillsdale, MI 49242 United States
Contact Information
EIN
38-1374230
Subject area info
Undergraduate education
Subject area
Undergraduate education
NTEE code info
Undergraduate College (4-year) (B42)
IRS subsection
501(c)(3) Public Charity
IRS filing requirement
This organization is required to file an IRS Form 990 or 990-EZ.
Tax forms
Download tax forms info
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Programs and results
What we aim to solve
Our programs
SOURCE: IRS Form 990
What are the organization's current programs, how do they measure success, and who do the programs serve?
Program 1
STUDENT INSTRUCTION HILLSDALE COLLEGE MAINTAINS ITS DEFENSE OF THE CLASSICAL LIBERAL ARTS CURRICULUM, CONVINCED THAT IT IS THE BEST PREPARATION FOR MEETING THE CHALLENGES OF MODERN LIFE AND THAT IT OFFERS TO ALL PEOPLE OF ALL BACKGROUNDS NOT ONLY AN IMPORTANT BODY OF KNOWLEDGE, BUT ALSO TIMELESS TRUTHS ABOUT THE HUMAN CONDITION. THE LIBERAL ARTS ARE DEDICATED TO STIMULATING STUDENTS' INTELLECTUAL CURIOSITY, TO ENCOURAGING THE CRITICAL, WELL-DISCIPLINED MIND, AND TO FOSTERING PERSONAL GROWTH THROUGH ACADEMIC CHALLENGE. AS SUCH, THE COLLEGE MAINTAINS A RIGOROUS CORE CURRICULUM OF 50 ACADEMIC CREDITS, INCLUDING REQUIRED COURSES IN WESTERN AND AMERICAN HISTORY, THE GREAT BOOKS, THE U.S. CONSTITUTION, LOGIC AND RHETORIC, PHILOSOPHY, THEOLOGY, MATHEMATICS, THE ARTS AND SCIENCES, AND MORE. IN ADDITION TO THE CORE CURRICULUM, STUDENTS CHOOSE FROM 30 MAJORS AND SEVEN INTERDISCIPLINARY MAJORS. SEVEN MINORS-ONLY PROGRAMS AND NINE PRE-PROFESSIONAL PROGRAMS ARE ALSO OFFERED. THE FOUR-YEAR UNDERGRADUATE COURSE OF STUDY CULMINATES IN A BACHELOR OF ARTS OR BACHELOR OF SCIENCE DEGREE. HILLSDALE COLLEGE IS CONSISTENTLY RANKED HIGH ON LISTS OF THE BEST LIBERAL ARTS COLLEGES IN THE NATION BY SUCH PUBLICATIONS AS U.S. NEWS & WORLD REPORT, THE PRINCETON REVIEW, FORBES, AND KIPLINGER'S PERSONAL FINANCE. IN ADDITION TO ITS UNDERGRADUATE PROGRAM OF INSTRUCTION, THE COLLEGE OPERATES THE VAN ANDEL GRADUATE SCHOOL OF STATESMANSHIP ON CAMPUS, OFFERING MASTER'S AND DOCTORAL DEGREES IN POLITICS; THE STEVE & AMY VAN ANDEL GRADUATE SCHOOL OF GOVERNMENT IN WASHINGTON, D.C., OFFERING A MASTER OF ARTS DEGREE IN GOVERNMENT; AND THE DIANA DAVIS SPENCE GRADUATE SCHOOL OF CLASSICAL EDUCATION OFFERING A MASTERS OF ARTS DEGREE IN CLASSICAL EDUCATION. THE COLLEGE IS COMMITTED TO THE EXCELLENCE OF ITS STUDENTS IN BOTH INTELLECT AND CHARACTER. THIS COMMITMENT IS REFLECTED IN THE STUDENT HONOR CODE, WHICH READS, "A HILLSDALE COLLEGE STUDENT IS HONORABLE IN CONDUCT, HONEST IN WORD AND DEED, DUTIFUL IN STUDY AND SERVICE, AND RESPECTFUL OF THE RIGHTS OF OTHERS. THROUGH EDUCATION THE STUDENT RISES TO SELF-GOVERNMENT." HILLSDALE BOASTS A STUDENT-FACULTY RATIO OF 9 TO 1. IT HAS 157 FULL-TIME FACULTY, 90 PERCENT OF WHOM HOLD THE HIGHEST DEGREE IN THEIR DISCIPLINES.
Expenses
$73,801,150
Revenue
$52,399,420
Program 2
STUDENT SCHOLARSHIPS AND GRANTS HILLSDALE COLLEGE HAS BEEN COMMITTED TO INDEPENDENCE SINCE ITS FOUNDING IN 1844. WHEN A 1984 U.S. SUPREME COURT RULING THREATENED HILLSDALE WITH THE ENTIRE RANGE OF FEDERAL REGULATIONS BECAUSE SOME OF ITS STUDENTS RECEIVED FEDERAL FINANCIAL AID, THE COLLEGE RESOLVED THAT NOT A SINGLE HILLSDALE STUDENT WOULD ACCEPT EVEN ONE CENT OF FEDERAL GRANTS, LOANS, OR SCHOLARSHIPS. INSTEAD, HILLSDALE ESTABLISHED THE PRIVATELY FUNDED STUDENT INDEPENDENCE SCHOLARSHIP AND LOAN FUND IN PLACE OF TAXPAYER-FUNDED AID FOR DESERVING STUDENTS WHO SEEK THE KIND OF CLASSICAL LIBERAL ARTS EDUCATION OFFERED AT HILLSDALE. SINCE THE STUDENT INDEPENDENCE SCHOLARSHIP AND LOAN FUND WAS ESTABLISHED IN 1985, HILLSDALE HAS REPLACED FEDERAL AND STATE GRANTS AND LOANS WITH OVER $143 MILLION IN PRIVATE AWARDS. THE ANNUAL COST OF REPLACING GOVERNMENT AID WAS OVER $6.5 MILLION IN THE 2022-2023 ACADEMIC YEAR; THIS TOTAL ASSISTED 488 STUDENTS. IN ADDITION, THE COLLEGE AWARDED APPROXIMATELY $30 MILLION IN PRIVATE SCHOLARSHIPS THAT YEAR ON THE BASIS OF FINANCIAL NEED, ACADEMIC MERIT, CAMPUS LEADERSHIP, ATHLETIC AND MUSIC PARTICIPATION, AND OTHER QUALIFICATIONS. APPROXIMATELY 98 PERCENT OF HILLSDALE STUDENTS QUALIFY FOR AND RECEIVE SOME FORM OF INSTITUTIONAL AID.
Expenses
$35,106,984
Revenue
$0
Program 3
STUDENT SERVICES HILLSDALE'S STUDENT SERVICES INCLUDE THE ADMISSIONS OFFICE, CAREER SERVICES, ACADEMIC SERVICES, STUDENT AFFAIRS, AND HEALTH AND WELLNESS SERVICES. THE ADMISSIONS OFFICE RECEIVES AN INCREASING NUMBER AND HIGHER CALIBER OF APPLICATIONS EACH YEAR, LEADING TO A SELECTIVE ACCEPTANCE RATE OF 20 PERCENT FOR THE MOST RECENT ACADEMIC YEAR. THE OFFICE EMPHASIZES A HOLISTIC APPROACH TO APPLICATION REVIEWS AND CONDUCTS PERSONAL INTERVIEWS WITH MOST APPLICANTS. THE CAREER SERVICES OFFICE HELPS STUDENTS DEVELOP THEIR STRENGTHS AND INTRODUCES THEM TO OPPORTUNITIES THROUGH MENTORING, NETWORK-BUILDING, JOB FAIRS, AND OTHER PROGRAMS. THE COLLEGE HAS A 98 PERCENT FIVE-YEAR GRADUATE PLACEMENT AVERAGE. A SURVEY OF THE 2022 GRADUATING CLASS SHOWED THAT 73 PERCENT WERE EMPLOYED, 25 PERCENT IN CONTINUING EDUCATION AND GRADUATE PROGRAMS, AND 2 PERCENT IN MILITARY AND VOLUNTEER SERVICE. HILLSDALE'S STUDENT AFFAIRS DEPARTMENT OVERSEES A NUMBER OF STUDENT INTEREST GROUPS, ACADEMIC HONORARIES, VOLUNTEER ORGANIZATIONS, AND THE COLLEGE'S FOUR FRATERNITIES AND THREE SORORITIES. HEALTH AND WELLNESS SERVICES PROVIDES MEDICAL AND MENTAL HEALTH SERVICES TO STUDENTS, FACULTY, AND STAFF.
Expenses
$17,604,799
Revenue
$0
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Update NowFinancials
Hillsdale College
Fiscal year: Jul 01 - Jun 30
done
Yes, financials were audited by an independent accountant.
info
Revenue vs. expenses: breakdown
SOURCE: IRS Form 990
info
NET GAIN/LOSS:
in
Data not available
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.
Liquidity in 2023 info
SOURCE: IRS Form 990
1.84
Average of 2.83 over 10 years
Months of cash in 2023 info
SOURCE: IRS Form 990
6.3
Average of 5.1 over 10 years
Fringe rate in 2023 info
SOURCE: IRS Form 990
27%
Average of 26% over 10 years
Funding sources info
Source: IRS Form 990
Assets & liabilities info
Source: IRS Form 990
Financial data
SOURCE: IRS Form 990
Digitizing IRS form 990 data
Paid Preparer
PLANTE & MORAN PLLC
EIN: 38-1357951
750 Trade Centre Way Ste 300
Portage, MI 49002
Tel: 269-567-4500
Paid Preparer
PLANTE & MORAN PLLC
EIN: 38-1357951
750 TRADE CENTRE WAY STE 300
PORTAGE, MI 49002
Tel: 269-567-4500
Paid Preparer
PLANTE & MORAN PLLC
EIN: 38-1357951
750 TRADE CENTRE WAY STE 300
PORTAGE, MI 49002
Tel: 269-567-4500
Paid Preparer
PLANTE & MORAN PLLC
EIN: 38-1357951
750 TRADE CENTRE WAY STE 300
PORTAGE, MI 49002
Tel: 269-567-4500
Paid Preparer
PLANTE & MORAN PLLC
EIN: 381357951
750 TRADE CENTRE WAY STE 300
PORTAGE, MI 49002
Tel: 2695674500
Paid Preparer
PLANTE & MORAN PLLC
EIN: 381357951
750 TRADE CENTRE WAY STE 300
PORTAGE, MI 49002
Tel: 2695674500
Paid Preparer
PLANTE & MORAN PLLC
EIN: 38-1357951
750 TRADE CENTRE WAY STE 300
PORTAGE, MI 49002
Tel: 269-567-4500
Fiscal year ending:
cloud_download
Download Data
2009
| Revenue | |
|---|---|
| Contributions | $106,892,694 |
| Government Grants | $0 |
| Program Services | $36,946,473 |
| Investments | ($22,783,331) |
| Special Events | $85,191 |
| Sales | $416,103 |
| Other | $927,167 |
| Total Revenue | $122,484,297 |
| Expenses | |
|---|---|
| Program Services | $62,918,259 |
| Administration | $8,842,853 |
| Fundraising | $10,570,599 |
| Total Expenses | $82,331,711 |
| Net Gain/Loss | $40,152,586 |
| Functional expenses | |
|---|---|
| Accounting Fees | $72,806 |
| Advertising & Promotion | $866,823 |
| Information Technology Expenses | $1,332,543 |
| Insurance Expenses | $0 |
| Interest Expenses | $237,847 |
| Investment Management Fees | $461,683 |
| Legal Fees | $262,492 |
| Pension Plan Contributions | $2,060,409 |
| Professional Fundraising Expenses | $0 |
2010
| Revenue | |
|---|---|
| Contributions | $31,769,026 |
| Government Grants | $0 |
| Program Services | $36,547,643 |
| Investments | $7,226,376 |
| Special Events | $81,266 |
| Sales | $419,203 |
| Other | $1,089,439 |
| Total Revenue | $77,132,953 |
| Expenses | |
|---|---|
| Program Services | $63,285,819 |
| Administration | $8,333,552 |
| Fundraising | $12,290,093 |
| Total Expenses | $83,909,464 |
| Net Gain/Loss | ($6,776,511) |
| Functional expenses | |
|---|---|
| Accounting Fees | $63,934 |
| Advertising & Promotion | $2,909,072 |
| Information Technology Expenses | $435,855 |
| Insurance Expenses | $0 |
| Interest Expenses | $189,823 |
| Investment Management Fees | $348,710 |
| Legal Fees | $249,299 |
| Pension Plan Contributions | $2,044,008 |
| Professional Fundraising Expenses | $0 |
2011
| Revenue | |
|---|---|
| Contributions | $44,725,986 |
| Government Grants | $0 |
| Program Services | $38,544,158 |
| Investments | $13,288,689 |
| Special Events | $92,609 |
| Sales | $403,098 |
| Other | $1,114,176 |
| Total Revenue | $98,168,716 |
| Expenses | |
|---|---|
| Program Services | $63,429,980 |
| Administration | $8,387,771 |
| Fundraising | $19,058,398 |
| Total Expenses | $90,876,149 |
| Net Gain/Loss | $7,292,567 |
| Functional expenses | |
|---|---|
| Accounting Fees | $356,776 |
| Advertising & Promotion | $711,374 |
| Information Technology Expenses | $1,595,093 |
| Insurance Expenses | $0 |
| Interest Expenses | $508,283 |
| Investment Management Fees | $0 |
| Legal Fees | $208,160 |
| Pension Plan Contributions | $2,131,484 |
| Professional Fundraising Expenses | $0 |
2012
| Revenue | |
|---|---|
| Contributions | $46,877,592 |
| Government Grants | $0 |
| Program Services | $41,160,935 |
| Investments | $13,453,906 |
| Special Events | $88,018 |
| Sales | $944,911 |
| Other | $1,460,587 |
| Total Revenue | $103,985,949 |
| Expenses | |
|---|---|
| Program Services | $77,841,239 |
| Administration | $11,203,970 |
| Fundraising | $12,738,531 |
| Total Expenses | $101,783,740 |
| Net Gain/Loss | $2,202,209 |
| Functional expenses | |
|---|---|
| Accounting Fees | $389,603 |
| Advertising & Promotion | $282,479 |
| Information Technology Expenses | $1,873,258 |
| Insurance Expenses | $0 |
| Interest Expenses | $505,224 |
| Investment Management Fees | $0 |
| Legal Fees | $238,391 |
| Pension Plan Contributions | $2,215,065 |
| Professional Fundraising Expenses | $0 |
2013
| Revenue | |
|---|---|
| Contributions | $149,194,829 |
| Government Grants | $0 |
| Program Services | $43,279,711 |
| Investments | $17,038,835 |
| Special Events | $66,481 |
| Sales | $561,047 |
| Other | $2,139,788 |
| Total Revenue | $212,280,691 |
| Expenses | |
|---|---|
| Program Services | $77,054,518 |
| Administration | $9,608,009 |
| Fundraising | $17,883,611 |
| Total Expenses | $104,546,138 |
| Net Gain/Loss | $107,734,553 |
| Functional expenses | |
|---|---|
| Accounting Fees | $910,409 |
| Advertising & Promotion | $162,320 |
| Information Technology Expenses | $1,417,766 |
| Insurance Expenses | $0 |
| Interest Expenses | $427,926 |
| Investment Management Fees | $0 |
| Legal Fees | $265,899 |
| Pension Plan Contributions | $2,389,720 |
| Professional Fundraising Expenses | $0 |
2014
| Revenue | |
|---|---|
| Contributions | $103,885,418 |
| Government Grants | $0 |
| Program Services | $46,455,153 |
| Investments | $27,856,575 |
| Special Events | $98,563 |
| Sales | $449,602 |
| Other | $2,419,940 |
| Total Revenue | $181,165,251 |
| Expenses | |
|---|---|
| Program Services | $84,270,395 |
| Administration | $11,924,179 |
| Fundraising | $22,269,642 |
| Total Expenses | $118,464,216 |
| Net Gain/Loss | $62,701,035 |
| Functional expenses | |
|---|---|
| Accounting Fees | $574,797 |
| Advertising & Promotion | $3,044,773 |
| Information Technology Expenses | $2,345,425 |
| Insurance Expenses | $0 |
| Interest Expenses | $424,898 |
| Investment Management Fees | $0 |
| Legal Fees | $502,847 |
| Pension Plan Contributions | $2,519,933 |
| Professional Fundraising Expenses | $0 |
2015
| Revenue | |
|---|---|
| Contributions | $118,585,719 |
| Government Grants | $0 |
| Program Services | $46,904,026 |
| Investments | $31,705,218 |
| Special Events | $83,319 |
| Sales | $404,411 |
| Other | $2,669,856 |
| Total Revenue | $200,352,549 |
| Expenses | |
|---|---|
| Program Services | $91,017,016 |
| Administration | $15,404,722 |
| Fundraising | $23,432,055 |
| Total Expenses | $129,853,793 |
| Net Gain/Loss | $70,498,756 |
| Functional expenses | |
|---|---|
| Accounting Fees | $1,357,639 |
| Advertising & Promotion | $4,209,301 |
| Information Technology Expenses | $1,961,378 |
| Insurance Expenses | $0 |
| Interest Expenses | $224,430 |
| Investment Management Fees | $0 |
| Legal Fees | $827,180 |
| Pension Plan Contributions | $2,695,307 |
| Professional Fundraising Expenses | $0 |
2016
| Revenue | |
|---|---|
| Contributions | $109,558,877 |
| Government Grants | $0 |
| Program Services | $49,627,751 |
| Investments | $11,454,628 |
| Special Events | $84,713 |
| Sales | $403,653 |
| Other | $1,654,879 |
| Total Revenue | $172,784,501 |
| Expenses | |
|---|---|
| Program Services | $90,364,950 |
| Administration | $15,198,304 |
| Fundraising | $23,897,483 |
| Total Expenses | $129,460,737 |
| Net Gain/Loss | $43,323,764 |
| Functional expenses | |
|---|---|
| Accounting Fees | $85,000 |
| Advertising & Promotion | $5,823,140 |
| Information Technology Expenses | $1,904,089 |
| Insurance Expenses | $0 |
| Interest Expenses | $450,094 |
| Investment Management Fees | $1,104,514 |
| Legal Fees | $581,624 |
| Pension Plan Contributions | $2,869,728 |
| Professional Fundraising Expenses | $0 |
2017
| Revenue | |
|---|---|
| Contributions | $144,893,509 |
| Government Grants | $0 |
| Program Services | $50,780,130 |
| Investments | $31,586,513 |
| Special Events | $78,963 |
| Sales | $461,041 |
| Other | $3,265,621 |
| Total Revenue | $231,065,777 |
| Expenses | |
|---|---|
| Program Services | $100,272,951 |
| Administration | $18,143,426 |
| Fundraising | $25,075,586 |
| Total Expenses | $143,491,963 |
| Net Gain/Loss | $87,573,814 |
| Functional expenses | |
|---|---|
| Accounting Fees | $84,666 |
| Advertising & Promotion | $8,624,222 |
| Information Technology Expenses | $1,723,099 |
| Insurance Expenses | $0 |
| Interest Expenses | $224,717 |
| Investment Management Fees | $1,388,209 |
| Legal Fees | $582,602 |
| Pension Plan Contributions | $2,998,441 |
| Professional Fundraising Expenses | $0 |
2018
| Revenue | |
|---|---|
| Contributions | $147,294,211 |
| Government Grants | $0 |
| Program Services | $54,337,372 |
| Investments | $15,065,546 |
| Special Events | $90,899 |
| Sales | $323,621 |
| Other | $2,244,778 |
| Total Revenue | $219,356,427 |
| Expenses | |
|---|---|
| Program Services | $105,007,139 |
| Administration | $18,012,869 |
| Fundraising | $28,979,751 |
| Total Expenses | $151,999,759 |
| Net Gain/Loss | $67,356,668 |
| Functional expenses | |
|---|---|
| Accounting Fees | $72,000 |
| Advertising & Promotion | $6,705,399 |
| Information Technology Expenses | $2,085,847 |
| Insurance Expenses | $0 |
| Interest Expenses | $78,459 |
| Investment Management Fees | $1,756,369 |
| Legal Fees | $999,281 |
| Pension Plan Contributions | $3,118,644 |
| Professional Fundraising Expenses | $0 |
2019
| Revenue | |
|---|---|
| Contributions | $128,396,316 |
| Government Grants | $0 |
| Program Services | $54,990,529 |
| Investments | $23,739,786 |
| Special Events | $68,473 |
| Sales | $400,783 |
| Other | $3,047,534 |
| Total Revenue | $210,643,421 |
| Expenses | |
|---|---|
| Program Services | $109,211,042 |
| Administration | $22,099,768 |
| Fundraising | $34,917,941 |
| Total Expenses | $166,228,751 |
| Net Gain/Loss | $44,414,670 |
| Functional expenses | |
|---|---|
| Accounting Fees | $0 |
| Advertising & Promotion | $7,878,925 |
| Information Technology Expenses | $3,875,382 |
| Insurance Expenses | $0 |
| Interest Expenses | $612,585 |
| Investment Management Fees | $2,029,975 |
| Legal Fees | $1,167,655 |
| Pension Plan Contributions | $3,379,119 |
| Professional Fundraising Expenses | $0 |
2020
| Revenue | |
|---|---|
| Contributions | $184,464,315 |
| Government Grants | $0 |
| Program Services | $56,164,820 |
| Investments | $38,170,593 |
| Special Events | $20,086 |
| Sales | $438,815 |
| Other | $8,164,220 |
| Total Revenue | $287,422,849 |
| Expenses | |
|---|---|
| Program Services | $116,942,292 |
| Administration | $21,073,790 |
| Fundraising | $34,792,498 |
| Total Expenses | $172,808,580 |
| Net Gain/Loss | $114,614,269 |
| Functional expenses | |
|---|---|
| Accounting Fees | $0 |
| Advertising & Promotion | $7,553,795 |
| Information Technology Expenses | $3,769,526 |
| Insurance Expenses | $0 |
| Interest Expenses | $600,559 |
| Investment Management Fees | $1,586,076 |
| Legal Fees | $1,934,787 |
| Pension Plan Contributions | $3,373,025 |
| Professional Fundraising Expenses | $0 |
2021
| Revenue | |
|---|---|
| Contributions | $256,292,905 |
| Government Grants | $0 |
| Program Services | $60,056,200 |
| Investments | $51,244,542 |
| Special Events | $88,862 |
| Sales | ($3,265,965) |
| Other | $3,580,139 |
| Total Revenue | $367,996,683 |
| Expenses | |
|---|---|
| Program Services | $123,911,532 |
| Administration | $22,281,409 |
| Fundraising | $45,574,456 |
| Total Expenses | $191,767,397 |
| Net Gain/Loss | $176,229,286 |
| Functional expenses | |
|---|---|
| Accounting Fees | $0 |
| Advertising & Promotion | $6,599,139 |
| Information Technology Expenses | $5,484,770 |
| Insurance Expenses | $388,146 |
| Interest Expenses | $0 |
| Investment Management Fees | $437,046 |
| Legal Fees | $1,929,270 |
| Pension Plan Contributions | $3,563,697 |
| Professional Fundraising Expenses | $0 |
2022
| Revenue | |
|---|---|
| Contributions | $271,985,519 |
| Government Grants | $0 |
| Program Services | $63,352,203 |
| Investments | $29,582,672 |
| Special Events | $99,747 |
| Sales | ($2,904,487) |
| Other | $4,097,991 |
| Total Revenue | $366,213,645 |
| Expenses | |
|---|---|
| Program Services | $140,506,329 |
| Administration | $20,472,288 |
| Fundraising | $53,287,092 |
| Total Expenses | $214,265,709 |
| Net Gain/Loss | $151,947,936 |
| Functional expenses | |
|---|---|
| Accounting Fees | $0 |
| Advertising & Promotion | $9,029,276 |
| Information Technology Expenses | $6,593,782 |
| Insurance Expenses | $4,525 |
| Interest Expenses | $458,226 |
| Investment Management Fees | $286,536 |
| Legal Fees | $1,164,542 |
| Pension Plan Contributions | $3,973,583 |
| Professional Fundraising Expenses | $0 |
2023
| Revenue | |
|---|---|
| Contributions | $253,577,837 |
| Government Grants | $0 |
| Program Services | $68,416,955 |
| Investments | ($7,386,506) |
| Special Events | $76,084 |
| Sales | ($4,320,155) |
| Other | $10,420,607 |
| Total Revenue | $320,784,822 |
| Expenses | |
|---|---|
| Program Services | $152,925,134 |
| Administration | $26,894,895 |
| Fundraising | $68,707,162 |
| Total Expenses | $248,527,191 |
| Net Gain/Loss | $72,257,631 |
| Functional expenses | |
|---|---|
| Accounting Fees | $0 |
| Advertising & Promotion | $8,640,514 |
| Information Technology Expenses | $7,313,523 |
| Insurance Expenses | $0 |
| Interest Expenses | $436,730 |
| Investment Management Fees | $101,606 |
| Legal Fees | $1,467,938 |
| Pension Plan Contributions | $4,520,690 |
| Professional Fundraising Expenses | $0 |
Hillsdale College
Balance sheetFiscal Year: Jul 01 - Jun 30
SOURCE: IRS Form 990 info
The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.
Fiscal year ending:
cloud_download
Download Data
2009
| Assets | Jul 01, 2008 | Jun 30, 2009 | Change |
|---|---|---|---|
| Contributions | $106,892,694 | ||
| Cash & Equivalents | $27,952,500 | $31,450,276 | $3,497,776 |
| Accounts Receivable | $2,597,414 | $607,210 | ($1,990,204) |
| Pledges & Grants Receivable | $45,499,249 | $52,751,930 | $7,252,681 |
| Receivable, Other | $29,548,758 | $30,543,786 | $995,028 |
| Inventories for Sale or Use | $490,817 | $459,291 | ($31,526) |
| Investment, Securities | $429,154,775 | $390,156,596 | ($38,998,179) |
| Investment, Other | $0 | $0 | $0 |
|
Fixed Assets (LBE - Depreciation) |
$110,187,866 | $116,471,834 | $6,283,968 |
| Other | $2,724,091 | $2,237,126 | ($486,965) |
| Total Assets | $648,155,470 | $624,678,049 | ($23,477,421) |
| Liabilities | Jul 01, 2008 | Jun 30, 2009 | Change |
|---|---|---|---|
| Accounts Payable | $22,623,613 | $20,561,825 | ($2,061,788) |
| Grants Payable | $0 | $0 | $0 |
| Deferred Revenue | $1,247,887 | $1,337,026 | $89,139 |
| Loans and Notes | $6,307,086 | $6,700,283 | $393,197 |
| Tax-Exempt Bond Liabilities | $12,520,000 | $12,270,000 | ($250,000) |
| Other | $75,621,999 | $74,831,557 | ($790,442) |
| Total Liabilities | $118,320,585 | $115,700,691 | ($2,619,894) |
| Fund balance | Jul 01, 2008 | Jun 30, 2009 | Change |
|---|---|---|---|
| Temporarily Restricted Net Assets | $128,376,883 | $139,576,386 | $11,199,503 |
| Permanently Restricted Net Assets | $226,091,603 | $279,851,922 | $53,760,319 |
| Total Restricted Net Assets | $354,468,486 | $419,428,308 | $64,959,822 |
| Unrestricted Net Assets | $175,366,399 | $89,549,050 | ($85,817,349) |
| Net Assets | $529,834,885 | $508,977,358 | ($20,857,527) |
2010
| Assets | Jul 01, 2009 | Jun 30, 2010 | Change |
|---|---|---|---|
| Contributions | $31,769,026 | ||
| Cash & Equivalents | $31,450,276 | $27,584,396 | ($3,865,880) |
| Accounts Receivable | $607,210 | $736,525 | $129,315 |
| Pledges & Grants Receivable | $52,751,930 | $40,632,794 | ($12,119,136) |
| Receivable, Other | $30,543,786 | $31,920,855 | $1,377,069 |
| Inventories for Sale or Use | $459,291 | $433,581 | ($25,710) |
| Investment, Securities | $390,156,596 | $421,329,112 | $31,172,516 |
| Investment, Other | $0 | $0 | $0 |
|
Fixed Assets (LBE - Depreciation) |
$116,471,834 | $117,871,358 | $1,399,524 |
| Other | $2,237,126 | $2,940,831 | $703,705 |
| Total Assets | $624,678,049 | $643,449,452 | $18,771,403 |
| Liabilities | Jul 01, 2009 | Jun 30, 2010 | Change |
|---|---|---|---|
| Accounts Payable | $20,561,825 | $24,641,066 | $4,079,241 |
| Grants Payable | $0 | $0 | $0 |
| Deferred Revenue | $1,337,026 | $1,218,454 | ($118,572) |
| Loans and Notes | $6,700,283 | $7,025,450 | $325,167 |
| Tax-Exempt Bond Liabilities | $12,270,000 | $12,010,000 | ($260,000) |
| Other | $74,831,557 | $73,667,266 | ($1,164,291) |
| Total Liabilities | $115,700,691 | $118,562,236 | $2,861,545 |
| Fund balance | Jul 01, 2009 | Jun 30, 2010 | Change |
|---|---|---|---|
| Temporarily Restricted Net Assets | $139,576,386 | $136,444,057 | -$3,132,329 |
| Permanently Restricted Net Assets | $279,851,922 | $296,881,892 | $17,029,970 |
| Total Restricted Net Assets | $419,428,308 | $433,325,949 | $13,897,641 |
| Unrestricted Net Assets | $89,549,050 | $91,561,267 | $2,012,217 |
| Net Assets | $508,977,358 | $524,887,216 | $15,909,858 |
2011
| Assets | Jul 01, 2010 | Jun 30, 2011 | Change |
|---|---|---|---|
| Contributions | $44,725,986 | ||
| Cash & Equivalents | $27,584,396 | $23,801,686 | ($3,782,710) |
| Accounts Receivable | $736,525 | $347,115 | ($389,410) |
| Pledges & Grants Receivable | $40,632,794 | $33,916,341 | ($6,716,453) |
| Receivable, Other | $31,920,855 | $32,751,131 | $830,276 |
| Inventories for Sale or Use | $433,581 | $488,244 | $54,663 |
| Investment, Securities | $421,329,112 | $470,761,627 | $49,432,515 |
| Investment, Other | $0 | $0 | $0 |
|
Fixed Assets (LBE - Depreciation) |
$117,871,358 | $117,471,728 | ($399,630) |
| Other | $2,940,831 | $2,813,317 | ($127,514) |
| Total Assets | $643,449,452 | $682,351,189 | $38,901,737 |
| Liabilities | Jul 01, 2010 | Jun 30, 2011 | Change |
|---|---|---|---|
| Accounts Payable | $24,641,066 | $21,797,692 | ($2,843,374) |
| Grants Payable | $0 | $0 | $0 |
| Deferred Revenue | $1,218,454 | $1,741,297 | $522,843 |
| Loans and Notes | $7,025,450 | $7,530,010 | $504,560 |
| Tax-Exempt Bond Liabilities | $12,010,000 | $11,740,000 | ($270,000) |
| Other | $73,667,266 | $75,921,603 | $2,254,337 |
| Total Liabilities | $118,562,236 | $118,730,602 | $168,366 |
| Fund balance | Jul 01, 2010 | Jun 30, 2011 | Change |
|---|---|---|---|
| Temporarily Restricted Net Assets | $136,444,057 | $136,814,364 | $370,307 |
| Permanently Restricted Net Assets | $296,881,892 | $320,684,180 | $23,802,288 |
| Total Restricted Net Assets | $433,325,949 | $457,498,544 | $24,172,595 |
| Unrestricted Net Assets | $91,561,267 | $106,122,043 | $14,560,776 |
| Net Assets | $524,887,216 | $563,620,587 | $38,733,371 |
2012
| Assets | Jul 01, 2011 | Jun 30, 2012 | Change |
|---|---|---|---|
| Contributions | $46,877,592 | ||
| Cash & Equivalents | $23,801,686 | $30,906,588 | $7,104,902 |
| Accounts Receivable | $347,115 | $431,892 | $84,777 |
| Pledges & Grants Receivable | $33,916,341 | $29,302,339 | ($4,614,002) |
| Receivable, Other | $32,751,131 | $33,162,196 | $411,065 |
| Inventories for Sale or Use | $488,244 | $535,745 | $47,501 |
| Investment, Securities | $470,761,627 | $446,326,181 | ($24,435,446) |
| Investment, Other | $0 | $0 | $0 |
|
Fixed Assets (LBE - Depreciation) |
$117,471,728 | $114,367,377 | ($3,104,351) |
| Other | $2,813,317 | $2,297,764 | ($515,553) |
| Total Assets | $682,351,189 | $657,330,082 | ($25,021,107) |
| Liabilities | Jul 01, 2011 | Jun 30, 2012 | Change |
|---|---|---|---|
| Accounts Payable | $21,797,692 | $25,169,717 | $3,372,025 |
| Grants Payable | $0 | $0 | $0 |
| Deferred Revenue | $1,741,297 | $1,927,468 | $186,171 |
| Loans and Notes | $7,530,010 | $7,883,648 | $353,638 |
| Tax-Exempt Bond Liabilities | $11,740,000 | $11,460,000 | ($280,000) |
| Other | $75,921,603 | $67,307,332 | ($8,614,271) |
| Total Liabilities | $118,730,602 | $113,748,165 | ($4,982,437) |
| Fund balance | Jul 01, 2011 | Jun 30, 2012 | Change |
|---|---|---|---|
| Temporarily Restricted Net Assets | $136,814,364 | $131,347,253 | -$5,467,111 |
| Permanently Restricted Net Assets | $320,684,180 | $312,827,662 | -$7,856,518 |
| Total Restricted Net Assets | $457,498,544 | $444,174,915 | ($13,323,629) |
| Unrestricted Net Assets | $106,122,043 | $99,407,002 | ($6,715,041) |
| Net Assets | $563,620,587 | $543,581,917 | ($20,038,670) |
2013
| Assets | Jul 01, 2012 | Jun 30, 2013 | Change |
|---|---|---|---|
| Contributions | $149,194,829 | ||
| Cash & Equivalents | $30,906,588 | $34,234,162 | $3,327,574 |
| Accounts Receivable | $431,892 | $296,718 | ($135,174) |
| Pledges & Grants Receivable | $29,302,339 | $89,222,937 | $59,920,598 |
| Receivable, Other | $33,162,196 | $33,857,151 | $694,955 |
| Inventories for Sale or Use | $535,745 | $525,615 | ($10,130) |
| Investment, Securities | $446,326,181 | $501,570,332 | $55,244,151 |
| Investment, Other | $0 | $0 | $0 |
|
Fixed Assets (LBE - Depreciation) |
$114,367,377 | $121,252,680 | $6,885,303 |
| Other | $2,297,764 | $3,158,416 | $860,652 |
| Total Assets | $657,330,082 | $784,118,011 | $126,787,929 |
| Liabilities | Jul 01, 2012 | Jun 30, 2013 | Change |
|---|---|---|---|
| Accounts Payable | $25,169,717 | $23,999,937 | ($1,169,780) |
| Grants Payable | $0 | $0 | $0 |
| Deferred Revenue | $1,927,468 | $2,281,733 | $354,265 |
| Loans and Notes | $7,883,648 | $15,309,177 | $7,425,529 |
| Tax-Exempt Bond Liabilities | $11,460,000 | $11,165,000 | ($295,000) |
| Other | $67,307,332 | $64,801,413 | ($2,505,919) |
| Total Liabilities | $113,748,165 | $117,557,260 | $3,809,095 |
| Fund balance | Jul 01, 2012 | Jun 30, 2013 | Change |
|---|---|---|---|
| Temporarily Restricted Net Assets | $131,347,253 | $157,859,474 | $26,512,221 |
| Permanently Restricted Net Assets | $312,827,662 | $399,872,056 | $87,044,394 |
| Total Restricted Net Assets | $444,174,915 | $557,731,530 | $113,556,615 |
| Unrestricted Net Assets | $99,407,002 | $108,829,221 | $9,422,219 |
| Net Assets | $543,581,917 | $666,560,751 | $122,978,834 |
2014
| Assets | Jul 01, 2013 | Jun 30, 2014 | Change |
|---|---|---|---|
| Contributions | $103,885,418 | ||
| Cash & Equivalents | $34,234,162 | $58,898,550 | $24,664,388 |
| Accounts Receivable | $296,718 | $220,092 | ($76,626) |
| Pledges & Grants Receivable | $89,222,937 | $78,617,655 | ($10,605,282) |
| Receivable, Other | $33,857,151 | $34,922,719 | $1,065,568 |
| Inventories for Sale or Use | $525,615 | $463,743 | ($61,872) |
| Investment, Securities | $501,570,332 | $510,711,581 | $9,141,249 |
| Investment, Other | $0 | $0 | $0 |
|
Fixed Assets (LBE - Depreciation) |
$121,252,680 | $126,082,664 | $4,829,984 |
| Other | $3,158,416 | $74,728,711 | $71,570,295 |
| Total Assets | $784,118,011 | $884,645,715 | $100,527,704 |
| Liabilities | Jul 01, 2013 | Jun 30, 2014 | Change |
|---|---|---|---|
| Accounts Payable | $23,999,937 | $24,529,660 | $529,723 |
| Grants Payable | $0 | $0 | $0 |
| Deferred Revenue | $2,281,733 | $2,607,356 | $325,623 |
| Loans and Notes | $15,309,177 | $14,715,385 | ($593,792) |
| Tax-Exempt Bond Liabilities | $11,165,000 | $10,860,000 | ($305,000) |
| Other | $64,801,413 | $65,560,213 | $758,800 |
| Total Liabilities | $117,557,260 | $118,272,614 | $715,354 |
| Fund balance | Jul 01, 2013 | Jun 30, 2014 | Change |
|---|---|---|---|
| Temporarily Restricted Net Assets | $157,859,474 | $201,838,720 | $43,979,246 |
| Permanently Restricted Net Assets | $399,872,056 | $432,800,830 | $32,928,774 |
| Total Restricted Net Assets | $557,731,530 | $634,639,550 | $76,908,020 |
| Unrestricted Net Assets | $108,829,221 | $131,733,551 | $22,904,330 |
| Net Assets | $666,560,751 | $766,373,101 | $99,812,350 |
2015
| Assets | Jul 01, 2014 | Jun 30, 2015 | Change |
|---|---|---|---|
| Contributions | $118,585,719 | ||
| Cash & Equivalents | $58,898,550 | $53,814,623 | ($5,083,927) |
| Accounts Receivable | $220,092 | $423,042 | $202,950 |
| Pledges & Grants Receivable | $78,617,655 | $64,901,260 | ($13,716,395) |
| Receivable, Other | $34,922,719 | $34,989,293 | $66,574 |
| Inventories for Sale or Use | $463,743 | $493,425 | $29,682 |
| Investment, Securities | $510,711,581 | $557,037,305 | $46,325,724 |
| Investment, Other | $0 | $0 | $0 |
|
Fixed Assets (LBE - Depreciation) |
$126,082,664 | $138,580,503 | $12,497,839 |
| Other | $74,728,711 | $71,429,087 | ($3,299,624) |
| Total Assets | $884,645,715 | $921,668,538 | $37,022,823 |
| Liabilities | Jul 01, 2014 | Jun 30, 2015 | Change |
|---|---|---|---|
| Accounts Payable | $24,529,660 | $27,002,671 | $2,473,011 |
| Grants Payable | $0 | $0 | $0 |
| Deferred Revenue | $2,607,356 | $2,555,856 | ($51,500) |
| Loans and Notes | $14,715,385 | $14,272,187 | ($443,198) |
| Tax-Exempt Bond Liabilities | $10,860,000 | $10,609,464 | ($250,536) |
| Other | $65,560,213 | $60,653,009 | ($4,907,204) |
| Total Liabilities | $118,272,614 | $115,093,187 | ($3,179,427) |
| Fund balance | Jul 01, 2014 | Jun 30, 2015 | Change |
|---|---|---|---|
| Temporarily Restricted Net Assets | $201,838,720 | $178,018,522 | -$23,820,198 |
| Permanently Restricted Net Assets | $432,800,830 | $484,196,359 | $51,395,529 |
| Total Restricted Net Assets | $634,639,550 | $662,214,881 | $27,575,331 |
| Unrestricted Net Assets | $131,733,551 | $144,360,470 | $12,626,919 |
| Net Assets | $766,373,101 | $806,575,351 | $40,202,250 |
2016
| Assets | Jul 01, 2015 | Jun 30, 2016 | Change |
|---|---|---|---|
| Contributions | $109,558,877 | ||
| Cash & Equivalents | $53,814,623 | $45,394,708 | ($8,419,915) |
| Accounts Receivable | $423,042 | $1,455,172 | $1,032,130 |
| Pledges & Grants Receivable | $64,901,260 | $76,056,077 | $11,154,817 |
| Receivable, Other | $34,989,293 | $35,163,021 | $173,728 |
| Inventories for Sale or Use | $493,425 | $508,246 | $14,821 |
| Investment, Securities | $557,037,305 | $542,613,103 | ($14,424,202) |
| Investment, Other | $0 | $0 | $0 |
|
Fixed Assets (LBE - Depreciation) |
$138,580,503 | $145,368,287 | $6,787,784 |
| Other | $71,429,087 | $72,186,062 | $756,975 |
| Total Assets | $921,668,538 | $918,744,676 | ($2,923,862) |
| Liabilities | Jul 01, 2015 | Jun 30, 2016 | Change |
|---|---|---|---|
| Accounts Payable | $27,002,671 | $19,763,423 | ($7,239,248) |
| Grants Payable | $0 | $0 | $0 |
| Deferred Revenue | $2,555,856 | $2,257,135 | ($298,721) |
| Loans and Notes | $14,272,187 | $14,251,167 | ($21,020) |
| Tax-Exempt Bond Liabilities | $10,609,464 | $10,046,000 | ($563,464) |
| Other | $60,653,009 | $65,249,511 | $4,596,502 |
| Total Liabilities | $115,093,187 | $111,567,236 | ($3,525,951) |
| Fund balance | Jul 01, 2015 | Jun 30, 2016 | Change |
|---|---|---|---|
| Temporarily Restricted Net Assets | $178,018,522 | $169,877,317 | -$8,141,205 |
| Permanently Restricted Net Assets | $484,196,359 | $508,883,420 | $24,687,061 |
| Total Restricted Net Assets | $662,214,881 | $678,760,737 | $16,545,856 |
| Unrestricted Net Assets | $144,360,470 | $128,416,703 | ($15,943,767) |
| Net Assets | $806,575,351 | $807,177,440 | $602,089 |
2017
| Assets | Jul 01, 2016 | Jun 30, 2017 | Change |
|---|---|---|---|
| Contributions | $144,893,509 | ||
| Cash & Equivalents | $45,394,708 | $53,704,509 | $8,309,801 |
| Accounts Receivable | $1,455,172 | $300,865 | ($1,154,307) |
| Pledges & Grants Receivable | $76,056,077 | $93,883,607 | $17,827,530 |
| Receivable, Other | $35,163,021 | $34,912,812 | ($250,209) |
| Inventories for Sale or Use | $508,246 | $469,555 | ($38,691) |
| Investment, Securities | $542,613,103 | $620,675,441 | $78,062,338 |
| Investment, Other | $0 | $0 | $0 |
|
Fixed Assets (LBE - Depreciation) |
$145,368,287 | $146,877,230 | $1,508,943 |
| Other | $72,186,062 | $75,984,788 | $3,798,726 |
| Total Assets | $918,744,676 | $1,026,808,807 | $108,064,131 |
| Liabilities | Jul 01, 2016 | Jun 30, 2017 | Change |
|---|---|---|---|
| Accounts Payable | $19,763,423 | $22,620,951 | $2,857,528 |
| Grants Payable | $0 | $0 | $0 |
| Deferred Revenue | $2,257,135 | $738,721 | ($1,518,414) |
| Loans and Notes | $14,251,167 | $14,031,188 | ($219,979) |
| Tax-Exempt Bond Liabilities | $10,046,000 | $9,467,392 | ($578,608) |
| Other | $65,249,511 | $63,654,899 | ($1,594,612) |
| Total Liabilities | $111,567,236 | $110,513,151 | ($1,054,085) |
| Fund balance | Jul 01, 2016 | Jun 30, 2017 | Change |
|---|---|---|---|
| Temporarily Restricted Net Assets | $169,877,317 | $207,716,070 | $37,838,753 |
| Permanently Restricted Net Assets | $508,883,420 | $577,353,910 | $68,470,490 |
| Total Restricted Net Assets | $678,760,737 | $785,069,980 | $106,309,243 |
| Unrestricted Net Assets | $128,416,703 | $131,225,676 | $2,808,973 |
| Net Assets | $807,177,440 | $916,295,656 | $109,118,216 |
2018
| Assets | Jul 01, 2017 | Jun 30, 2018 | Change |
|---|---|---|---|
| Contributions | $147,294,211 | ||
| Cash & Equivalents | $53,704,509 | $55,064,038 | $1,359,529 |
| Accounts Receivable | $300,865 | $4,455,794 | $4,154,929 |
| Pledges & Grants Receivable | $93,883,607 | $131,537,252 | $37,653,645 |
| Receivable, Other | $34,912,812 | $34,056,133 | ($856,679) |
| Inventories for Sale or Use | $469,555 | $384,747 | ($84,808) |
| Investment, Securities | $620,675,441 | $631,292,246 | $10,616,805 |
| Investment, Other | $0 | $0 | $0 |
|
Fixed Assets (LBE - Depreciation) |
$146,877,230 | $161,526,418 | $14,649,188 |
| Other | $75,984,788 | $100,872,590 | $24,887,802 |
| Total Assets | $1,026,808,807 | $1,119,189,218 | $92,380,411 |
| Liabilities | Jul 01, 2017 | Jun 30, 2018 | Change |
|---|---|---|---|
| Accounts Payable | $22,620,951 | $23,869,512 | $1,248,561 |
| Grants Payable | $0 | $0 | $0 |
| Deferred Revenue | $738,721 | $595,532 | ($143,189) |
| Loans and Notes | $14,031,188 | $13,461,699 | ($569,489) |
| Tax-Exempt Bond Liabilities | $9,467,392 | $8,873,231 | ($594,161) |
| Other | $63,654,899 | $61,133,082 | ($2,521,817) |
| Total Liabilities | $110,513,151 | $107,933,056 | ($2,580,095) |
| Fund balance | Jul 01, 2017 | Jun 30, 2018 | Change |
|---|---|---|---|
| Temporarily Restricted Net Assets | $207,716,070 | $239,497,780 | $31,781,710 |
| Permanently Restricted Net Assets | $577,353,910 | $661,697,716 | $84,343,806 |
| Total Restricted Net Assets | $785,069,980 | $901,195,496 | $116,125,516 |
| Unrestricted Net Assets | $131,225,676 | $110,060,666 | ($21,165,010) |
| Net Assets | $916,295,656 | $1,011,256,162 | $94,960,506 |
2019
| Assets | Jul 01, 2018 | Jun 30, 2019 | Change |
|---|---|---|---|
| Contributions | $128,396,316 | ||
| Cash & Equivalents | $55,064,038 | $52,581,550 | ($2,482,488) |
| Accounts Receivable | $4,455,794 | $1,553,272 | ($2,902,522) |
| Pledges & Grants Receivable | $131,537,252 | $114,980,794 | ($16,556,458) |
| Receivable, Other | $34,056,133 | $33,507,039 | ($549,094) |
| Inventories for Sale or Use | $384,747 | $337,330 | ($47,417) |
| Investment, Securities | $631,292,246 | $679,078,777 | $47,786,531 |
| Investment, Other | $0 | $0 | $0 |
|
Fixed Assets (LBE - Depreciation) |
$161,526,418 | $179,317,351 | $17,790,933 |
| Other | $100,872,590 | $102,042,256 | $1,169,666 |
| Total Assets | $1,119,189,218 | $1,163,398,369 | $44,209,151 |
| Liabilities | Jul 01, 2018 | Jun 30, 2019 | Change |
|---|---|---|---|
| Accounts Payable | $23,869,512 | $26,972,780 | $3,103,268 |
| Grants Payable | $0 | $0 | $0 |
| Deferred Revenue | $595,532 | $676,563 | $81,031 |
| Loans and Notes | $13,461,699 | $12,832,510 | ($629,189) |
| Tax-Exempt Bond Liabilities | $8,873,231 | $8,263,101 | ($610,130) |
| Other | $61,133,082 | $57,986,011 | ($3,147,071) |
| Total Liabilities | $107,933,056 | $106,730,965 | ($1,202,091) |
| Fund balance | Jul 01, 2018 | Jun 30, 2019 | Change |
|---|---|---|---|
| Temporarily Restricted Net Assets | $239,497,780 | $245,006,843 | $5,509,063 |
| Permanently Restricted Net Assets | $661,697,716 | $713,844,694 | $52,146,978 |
| Total Restricted Net Assets | $901,195,496 | $958,851,537 | $57,656,041 |
| Unrestricted Net Assets | $110,060,666 | $97,815,867 | ($12,244,799) |
| Net Assets | $1,011,256,162 | $1,056,667,404 | $45,411,242 |
2020
| Assets | Jul 01, 2019 | Jun 30, 2020 | Change |
|---|---|---|---|
| Contributions | $184,464,315 | ||
| Cash & Equivalents | $52,581,550 | $51,410,520 | ($1,171,030) |
| Accounts Receivable | $1,553,272 | $1,577,154 | $23,882 |
| Pledges & Grants Receivable | $114,980,794 | $101,497,218 | ($13,483,576) |
| Receivable, Other | $33,507,039 | $32,833,210 | ($673,829) |
| Inventories for Sale or Use | $337,330 | $317,439 | ($19,891) |
| Investment, Securities | $679,078,777 | $749,875,798 | $70,797,021 |
| Investment, Other | $0 | $0 | $0 |
|
Fixed Assets (LBE - Depreciation) |
$179,317,351 | $193,891,878 | $14,574,527 |
| Other | $102,042,256 | $98,907,679 | ($3,134,577) |
| Total Assets | $1,163,398,369 | $1,230,310,896 | $66,912,527 |
| Liabilities | Jul 01, 2019 | Jun 30, 2020 | Change |
|---|---|---|---|
| Accounts Payable | $26,972,780 | $24,599,540 | ($2,373,240) |
| Grants Payable | $0 | $0 | $0 |
| Deferred Revenue | $676,563 | $667,894 | ($8,669) |
| Loans and Notes | $12,832,510 | $19,974,000 | $7,141,490 |
| Tax-Exempt Bond Liabilities | $8,263,101 | $7,636,572 | ($626,529) |
| Other | $57,986,011 | $52,018,355 | ($5,967,656) |
| Total Liabilities | $106,730,965 | $104,896,361 | ($1,834,604) |
| Fund balance | Jul 01, 2019 | Jun 30, 2020 | Change |
|---|---|---|---|
| Temporarily Restricted Net Assets | N/A | N/A | N/A |
| Permanently Restricted Net Assets | N/A | N/A | N/A |
| Total Restricted Net Assets | $958,851,537 | $996,089,127 | $37,237,590 |
| Unrestricted Net Assets | $97,815,867 | $129,325,408 | $31,509,541 |
| Net Assets | $1,056,667,404 | $1,125,414,535 | $68,747,131 |
2021
| Assets | Jul 01, 2020 | Jun 30, 2021 | Change |
|---|---|---|---|
| Contributions | $256,292,905 | ||
| Cash & Equivalents | $51,410,520 | $101,671,187 | $50,260,667 |
| Accounts Receivable | $1,577,154 | $1,825,450 | $248,296 |
| Pledges & Grants Receivable | $101,497,218 | $126,285,303 | $24,788,085 |
| Receivable, Other | $32,833,210 | $31,061,302 | ($1,771,908) |
| Inventories for Sale or Use | $317,439 | $311,191 | ($6,248) |
| Investment, Securities | $749,875,798 | $1,223,956,517 | $474,080,719 |
| Investment, Other | $0 | $0 | $0 |
|
Fixed Assets (LBE - Depreciation) |
$193,891,878 | $203,680,159 | $9,788,281 |
| Other | $98,907,679 | $20,893,162 | ($78,014,517) |
| Total Assets | $1,230,310,896 | $1,709,684,271 | $479,373,375 |
| Liabilities | Jul 01, 2020 | Jun 30, 2021 | Change |
|---|---|---|---|
| Accounts Payable | $24,599,540 | $29,915,113 | $5,315,573 |
| Grants Payable | $0 | $0 | $0 |
| Deferred Revenue | $667,894 | $1,055,657 | $387,763 |
| Loans and Notes | $19,974,000 | $204,757,072 | $184,783,072 |
| Tax-Exempt Bond Liabilities | $7,636,572 | $6,993,202 | ($643,370) |
| Other | $52,018,355 | $54,933,318 | $2,914,963 |
| Total Liabilities | $104,896,361 | $297,654,362 | $192,758,001 |
| Fund balance | Jul 01, 2020 | Jun 30, 2021 | Change |
|---|---|---|---|
| Temporarily Restricted Net Assets | N/A | N/A | N/A |
| Permanently Restricted Net Assets | N/A | N/A | N/A |
| Total Restricted Net Assets | $996,089,127 | $1,245,872,904 | $249,783,777 |
| Unrestricted Net Assets | $129,325,408 | $166,157,005 | $36,831,597 |
| Net Assets | $1,125,414,535 | $1,412,029,909 | $286,615,374 |
2022
| Assets | Jul 01, 2021 | Jun 30, 2022 | Change |
|---|---|---|---|
| Contributions | $271,985,519 | ||
| Cash & Equivalents | $101,671,187 | $89,806,812 | ($11,864,375) |
| Accounts Receivable | $1,825,450 | $3,623,553 | $1,798,103 |
| Pledges & Grants Receivable | $126,285,303 | $130,975,562 | $4,690,259 |
| Receivable, Other | $31,061,302 | $30,554,232 | ($507,070) |
| Inventories for Sale or Use | $311,191 | $616,689 | $305,498 |
| Investment, Securities | $1,223,956,517 | $1,228,011,480 | $4,054,963 |
| Investment, Other | $0 | $0 | $0 |
|
Fixed Assets (LBE - Depreciation) |
$203,680,159 | $213,076,247 | $9,396,088 |
| Other | $20,893,162 | $22,691,551 | $1,798,389 |
| Total Assets | $1,709,684,271 | $1,719,356,126 | $9,671,855 |
| Liabilities | Jul 01, 2021 | Jun 30, 2022 | Change |
|---|---|---|---|
| Accounts Payable | $29,915,113 | $29,369,618 | ($545,495) |
| Grants Payable | $0 | $0 | $0 |
| Deferred Revenue | $1,055,657 | $1,354,150 | $298,493 |
| Loans and Notes | $204,757,072 | $175,352,957 | ($29,404,115) |
| Tax-Exempt Bond Liabilities | $6,993,202 | $6,332,540 | ($660,662) |
| Other | $54,933,318 | $53,712,182 | ($1,221,136) |
| Total Liabilities | $297,654,362 | $266,121,447 | ($31,532,915) |
| Fund balance | Jul 01, 2021 | Jun 30, 2022 | Change |
|---|---|---|---|
| Temporarily Restricted Net Assets | N/A | N/A | N/A |
| Permanently Restricted Net Assets | N/A | N/A | N/A |
| Total Restricted Net Assets | $1,245,872,904 | $1,245,052,777 | ($820,127) |
| Unrestricted Net Assets | $166,157,005 | $208,181,902 | $42,024,897 |
| Net Assets | $1,412,029,909 | $1,453,234,679 | $41,204,770 |
2023
| Assets | Jul 01, 2022 | Jun 30, 2023 | Change |
|---|---|---|---|
| Contributions | $253,577,837 | ||
| Cash & Equivalents | $89,806,812 | $126,147,711 | $36,340,899 |
| Accounts Receivable | $3,623,553 | $4,389,134 | $765,581 |
| Pledges & Grants Receivable | $130,975,562 | $148,279,926 | $17,304,364 |
| Receivable, Other | $30,554,232 | $31,052,035 | $497,803 |
| Inventories for Sale or Use | $616,689 | $1,092,290 | $475,601 |
| Investment, Securities | $1,228,011,480 | $1,306,590,075 | $78,578,595 |
| Investment, Other | $0 | $0 | $0 |
|
Fixed Assets (LBE - Depreciation) |
$213,076,247 | $234,233,151 | $21,156,904 |
| Other | $22,691,551 | $19,841,421 | ($2,850,130) |
| Total Assets | $1,719,356,126 | $1,871,625,743 | $152,269,617 |
| Liabilities | Jul 01, 2022 | Jun 30, 2023 | Change |
|---|---|---|---|
| Accounts Payable | $29,369,618 | $33,028,077 | $3,658,459 |
| Grants Payable | $0 | $0 | $0 |
| Deferred Revenue | $1,354,150 | $1,993,848 | $639,698 |
| Loans and Notes | $175,352,957 | $185,886,261 | $10,533,304 |
| Tax-Exempt Bond Liabilities | $6,332,540 | $5,654,120 | ($678,420) |
| Other | $53,712,182 | $56,569,568 | $2,857,386 |
| Total Liabilities | $266,121,447 | $283,131,874 | $17,010,427 |
| Fund balance | Jul 01, 2022 | Jun 30, 2023 | Change |
|---|---|---|---|
| Temporarily Restricted Net Assets | N/A | N/A | N/A |
| Permanently Restricted Net Assets | N/A | N/A | N/A |
| Total Restricted Net Assets | $1,245,052,777 | $1,346,515,969 | $101,463,192 |
| Unrestricted Net Assets | $208,181,902 | $241,977,900 | $33,795,998 |
| Net Assets | $1,453,234,679 | $1,588,493,869 | $135,259,190 |
Operations
The people, governance practices, and partners that make the organization tick.
Number of employees
Source: IRS Form 990
Hillsdale College
Officers, directors, trustees, and key employeesSOURCE: IRS Form 990
Compensation
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Hillsdale College
Highest paid employeesSOURCE: IRS Form 990
Compensation
Other
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This organization has no recorded board members.
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