2023-04-28T10:01:40-04:00 2022-06-30 882802798 FORGE FINANCIAL & MANAGEMENT CONSULTING 1245 JORDAN CREEK PKWY STE 100 WEST DES MOINES IA 502662343 990 2021-07-01 420680344 CENTRAL COLLEGE CENT 6416285161 812 UNIVERSITY ST PELLA IA 50219 KAREN TUMLINSON VP FINANCE & TREAS 6416285273 2023-04-27 true THOMAS JOHNSON 999009999 DAN MONTGOMERY CPA P02183410 5156203050 2023-04-28 2021 2023-04-26 12:10:37Z MARK PUTNAM - PRESIDENT 812 UNIVERSITY PELLA IA 50219 50676374 false X WWW.CENTRAL.EDU X 1853 IA CENTRAL COLLEGE IS A PRIVATE LIBERAL ARTS INSTITUTION DEDICATED TO THE FOUR YEAR UNDERGRADUATE EXPERIENCE 38 38 1357 10 674598 7405076 7987672 40759664 35947910 4182399 6643730 66015 28055 52413154 50607367 6206652 7253995 0 23180042 22537516 0 3164619 21005898 21362531 50392592 51154042 2020562 -546675 195820230 187622625 73945740 72858136 121874490 114764489 X CENTRAL COLLEGE IS A RESIDENTIAL LIBERAL ARTS COLLEGE DEDICATED TO HELPING STUDENTS DISCOVER AND DEVELOP THEIR GREATEST POTENTIAL. GUIDED BY ITS ECUMENICAL CHRISTIAN TRADITION, THE COLLEGE COMMUNITY ENGAGES IN VIGOROUS, OPEN INQUIRY IN PURSUIT OF ACADEMIC EXCELLENCE. THE COLLEGE NURTURES THE DEVELOPMENT OF THE MIND, WHILE FOSTERING SPIRITUAL AND EMOTIONAL MATURITY AND PHYSICAL WELL-BEING. CENTRAL INTEGRATES CAREER PREPARATION WITH THE DEVELOPMENT OF VALUES ESSENTIAL TO RESPONSIBLE CITIZENSHIP, EMPOWERING GRADUATES FOR EFFECTIVE SERVICE IN LOCAL, NATIONAL, AND INTERNATIONAL COMMUNITIES. false false 22882159 7253995 20689878 PROVIDED EDUCATIONAL SERVICES RELATED TO CLASSROOM TEACHING, LABORATORY EXPERIENCES, AND PROGRAM SERVICE TO 1,139 STUDENTS, INCLUDING 1,101 RECEIVING INSTITUTIONAL FINANCIAL ASSISTANCE. 10731732 12924604 PROVIDED ROOM AND BOARD ON A RESIDENTIAL CAMPUS TO 1,064 STUDENTS LIVING IN RESIDENTIAL UNITS AND 1,046 STUDENTS WITH BOARD CONTRACTS. 9288388 620612 EXPENSES RELATED TO PROVIDING PERSONAL SERVICES AND ACTIVITIES FOR STUDENTS AT A RESIDENTIAL COLLEGE, INCLUDING COUNSELING, EXTRA-CURRICULAR ACTIVITIES, WELLNESS, ADMISSIONS, AND STUDENT GOVERNMENT. 1708312 1712816 GOVERNMENT-SPONSORED TRIO PROGRAMS - EXPENSES OF FEDERAL GRANT PROGRAM 1708312 1712816 44610591 true true false false false false false true false true true true false false true true true false true true true false false false false false false false true true false false false false true false false false true true false false false false false false false true X 3032 0 true 1357 true true true true SP false false false true true false false false false false false false false X 38 38 false false false false false false false true true true false true true true true true true true true false X KAREN TUMLINSON 6416285276 812 UNIVERSITY PELLA IA 50219 MARK PUTNAM - PRESIDENT PRESIDENT 40.00 0.00 X 288713 0 48399 MARY STREY VP ACADEMICS 40.00 0.00 X 197958 0 53427 THOMAS JOHNSON VP FINANCE & 40.00 0.00 X 193397 0 41161 CAROL WILLIAMSON VP ENROLLMEN 40.00 0.00 X 154569 0 32630 SUNNY EIGHMY VP DEVELOPME 40.00 0.00 X 147012 0 14200 JEFF MCMARTIN COACH 40.00 0.00 X 110593 0 30379 ROBERT FRANKS FACULTY 40.00 0.00 X 127781 0 12220 ERIC VAN KLEY DIR. 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SCHEDULE D, PAGE 2, PART V, LINE 4 INTENDED USE OF THE ENDOWMENT FUNDS IS TO FUND EDUCATIONAL SCHOLARSHIPS AND AWARDS FOR CENTRAL COLLEGE STUDENTS, FACULTY, AND SUPPORT FOR ENDOWED CHAIRS, AND ADDITIONAL SPECIAL PROJECTS FOR FACULTY MEMBERS AND THE MUSIC DEPARTMENT. SCHEDULE D, PAGE 3, PART X THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE COLLEGE IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE COLLEGE IS ALSO EXEMPT FROM STATE INCOME TAX. HOWEVER, ANY UNRELATED BUSINESS INCOME MAY BE SUBJECT TO TAXATION. THE COLLEGE FOLLOWS ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY THE COLLEGE FOR UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2022 AND 2021. THE COLLEGE'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES; HOWEVER, THERE ARE CURRENTLY NO AUDITS IN PROGRESS FOR ANY TAX PERIODS. SCHEDULE D, PAGE 4, PART XI, LINE 2D RENTAL EXPENSES 69,007 SCHEDULE D, PAGE 4, PART XI, LINE 4B FINANCIAL AID 7,253,995 SCHEDULE D, PAGE 4, PART XII, LINE 2D RENTAL EXPENSES 69,007 SCHEDULE D, PAGE 4, PART XII, LINE 4B FINANCIAL AID 7,253,995 true true true true true true true false false false false false false false false true false true SCHEDULE E, LINE 3 CENTRAL COLLEGE ADMITS STUDENTS ON THE BASIS OF ACADEMIC QUALIFICATIONS WITHOUT REGARD TO ETHNICITY, RACE, NATURAL ORIGIN, ANCESTORY, COLOR, SOCIOECONOMIC CLASS, CREED, RELIGION, PHILOSOPHICAL BELIEF, MARITAL STATUS, DISABILITY, PHYSICAL APPEARANCE, SEX, AGE, SEXUAL ORIENTATION, OR GENDER EXPRESSION. SCHEDULE E, LINE 6 CENTRAL COLLEGE RECEIVES TITLE IV FINANCIAL AID FOR STUDENTS FROM THE DEPARTMENT OF EDUCATION: PELL GRANT, SEOG, WORK STUDY FUNDS, TEACHER EDUCATION GRANTS/LOANS, AND DIRECT LOANS. true EUROPE & UK 1 PROGRAM SERVICES EDUCATIONAL 61562 NORTH AMERICA 1 PROGRAM SERVICES EDUCATIONAL 1423 2 2 62985 62985 false false false false false false SCHEDULE F, PAGE 1, PART I, LINE 2 CENTRAL COLLEGE EMPLOYEES REVIEW COMPLIANCE FOR ALL EXPENDITURES MADE OUTSIDE THE UNITED STATES. SCHEDULE F, PAGE 1, PART I, LINE 3 EUROPE & UK 61,562 0 NORTH AMERICA 1,423 0 SCHEDULE F, PAGE 5, PART V CENTRAL COLLEGE FINALIZED THE CLOSING OF ALL COLLEGE OPERATED FOREIGN PROGRAMS IN 2022. THE COLLEGE DOES NOT ANTICIPATE RE-OPENING ANY FOREIGN OFFICES. THE INTERNATIONAL COMPONENT OF ACADEMIC PROGRAMMING WILL BE MAINTAINED THROUGH PARTNERS WHO FACILITATE THE INTERNATIONAL EXPERIENCE. THE COLLEGE MAINTAINED NO FOREIGN OFFICES OR EMPLOYEES IN FISCAL YEAR 2022. ALL EXPENSES PAID WERE FOR PROFESSIONAL SERVICES RELATED TO FINAL CLOSING PROCEDURES AND FINAL LEASE PAYMENTS MADE FOR THE LONDON FACILITY. true INSTITUTIONAL AID 1101 5352958 ENDOWED SCHOLARSHIPS 704 1901037 SCHEDULE I, PAGE 1, PART I, LINE 2 CENTRAL COLLEGE EMPLOYEES REVIEW COMPLIANCE FOR ALL FEDERAL, STATE, AND PRIVATE GRANTS RECEIVED. IN ADDITION, CENTRAL COLLEGE IS REQUIRED TO PARTICIPATE IN AND FILE THE FEDERAL SINGE AUDIT OF FINANCIAL AID PERFORMED BY OUR EXTERNAL AUDIT FIRM. X X X true true X X X X false false false false false false false false false MARK PUTNAM - PRESIDENT PRESIDENT 284250 4463 27540 20859 337112 MARY STREY VP ACADEMICS 197455 503 20790 32637 251385 THOMAS JOHNSON VP FINANCE & TREAS 173394 20003 20138 21023 234558 CAROL WILLIAMSON VP ENROLLMENT 154147 422 15760 16870 187199 SUNNY EIGHMY VP DEVELOPMENT 146619 393 14200 161212 SCHEDULE J, PART III CENTRAL COLLEGE OWNED PROPERTY IS PROVIDED TO THE PRESIDENT. THE PROPERTY IS USED FOR MANY COLLEGE FUNCTIONS, MEALS, AND RECEPTIONS INVOLVING FACULTY, STAFF, STUDENTS, DONORS, AND THE GENERAL PUBLIC THROUGHOUT THE YEAR. THERE IS NO PRIVATE RESIDENCE FOR THE FAMILY. AS PART OF A CONTRACTUAL AGREEMENT, THE PRESIDENT IS REQUIRED TO LIVE ON THE PROPERTY AND HOST EVENTS LISTED ABOVE. SOCIAL CLUB DUES ARE PAID BY THE COLLEGE AND ARE USED FOR BUSINESS PURPOSES ONLY. THE PRESIDENT MEETS MONTHLY WITH THE DES MOINES AREA PARTNERSHIP ORGANIZATION AND DONORS IN THE AREA. TRAVEL FOR COMPANIONS: THE PRSIDENT'S WIFE TRAVELS ON BONA FIDE BUSINESS TRIPS ONLY FOR REQUIRED CONFERENCES AND MEETINGS WITH DONORS. MARY STREY KEY EMPLOYEE 9029 NONCASH TUITION WAIVER X 1 250 X 25 788780 FAIR VALUE X 1 1737 FAIR VALUE X OFFICE SUPPLIES 1 2603 FAIR VALUE X FURNITURE 2 44905 FAIR VALUE false true true SCHEDULE M, PAGE 1, PART I, LINE 32B CENTRAL COLLEGE USES US BANCORP AND MIDWESTONE INVESTMENT SERVICES TO PROCESS AND SELL DONATED SECURITIES. DONORS TRANSFER SECURITIES TO CENTRAL'S BROKERAGE ACCOUNT. SECURITIES ARE THEN SOLD IMMEDIATELY PER BOARD POLICY AND FUNDS ARE DEPOSITED INTO THE COLLEGE'S CHECKING ACCOUNT AT US BANK. FORM 990 - ORGANIZATION'S MISSION CENTRAL COLLEGE IS A RESIDENTIAL LIBERAL ARTS COLLEGE DEDICATED TO HELPING STUDENTS DISCOVER AND DEVELOP THEIR GREATEST POTENTIAL. GUIDED BY ITS ECUMENICAL CHRISTIAN TRADITION, THE COLLEGE COMMUNITY ENGAGES IN VIGOROUS, OPEN INQUIRY IN PURSUIT OF ACADEMIC EXCELLENCE. THE COLLEGE NURTURES THE DEVELOPMENT OF THE MIND, WHILE FOSTERING SPIRITUAL AND EMOTIONAL MATURITY AND PHYSICAL WELL-BEING. CENTRAL INTEGRATES CAREER PREPARATION WITH THE DEVELOPMENT OF VALUES ESSENTIAL TO RESPONSIBLE CITIZENSHIP, EMPOWERING GRADUATES FOR EFFECTIVE SERVICE IN LOCAL, NATIONAL, AND INTERNATIONAL COMMUNITIES. FORM 990, PAGE 2, PART III, LINE 4D GOVERNMENT-SPONSORED TRIO PROGRAMS - EXPENSES OF FEDERAL GRANT PROGRAM FORM 990, PART V CENTRAL COLLEGE OFFICIALLY CLOSED ALL FOREIGN ACCOUNTS IN SPAIN, AUSTRIA, MEXICO, AND GREAT BRITAIN (UK) IN 2022. FORM 990, PART V, LINE 4B SPAIN, AUSTRIA, MEXICO, GREAT BRITAIN (UK) FORM 990, PAGE 6, PART VI, LINE 9 CHARLES MORRIS 812 UNIVERSITY PELLA, IA 50219 FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 IS REVIEWED BY THE GOVERNANCE BOARD OF THE COLLEGE BEFORE FILING. FORM 990, PAGE 6, PART VI, LINE 12C CONFLICT OF INTEREST DOCUMENT IS COMPLETED EACH YEAR AND MONITORED BY THE TREASURER'S OFFICE. FORM 990, PAGE 6, PART VI, LINE 15A PRESIDENT'S SALARY IS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES COMPENSATION COMMITTEE. FORM 990, PAGE 6, PART VI, LINE 15B SALARIES OF KEY EMPLOYEES AND OFFICERS ARE APPROVED BY DIRECT REPORTS. ALL SALARIES ARE MONITORED BY THE BUSINESS OFFICE MONTHLY. FORM 990, PAGE 6, PART VI, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9 RENTAL EXPENSES 69,007 FINANCIAL AID -7,253,995 RENTAL EXPENSES -69,007 FINANCIAL AID 7,253,995