Nonprofit · EIN 41-0695524
GUSTAVUS ADOLPHUS COLLEGE
Tax-exempt · SAINT PETER, MN 56082
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $151,267,734 | $157,681,375 | -$6,413,641 | $565,537,437 | $86,356,689 | $479,180,748 |
| May 31, 2024 | 990 | $145,945,868 | $154,076,541 | -$8,130,673 | $557,494,933 | $88,243,141 | $469,251,792 |
| May 31, 2023 | 990 | $150,522,013 | $158,584,922 | -$8,062,909 | $540,762,989 | $89,922,191 | $450,840,798 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $15,933,885
- of which government grants
- $1,534,958
- Program service revenue
- $127,004,372
- Investment income
- $8,439,665
- Royalties
- $5,913
- Net gain from sales of assets
- $5,264,236
- Net income from fundraising events
- -$183,549
- Net income from gaming
- $67,448
- Other revenue
- -$110,188
Expenses
- Grants and similar amounts paid
- $63,168,652
- Compensation of officers, directors and key employees
- $899,972
- Other salaries and wages
- $38,467,488
- Salaries, compensation and benefits (total)
- $53,174,478
- Professional fundraising fees
- $309,960
- Legal fees
- $423,085
- Accounting fees
- $119,354
- Occupancy
- $5,613,037
- Travel
- $1,582,720
- Depreciation
- $9,942,528
- Program services (functional)
- $147,437,815
- Management and general (functional)
- $6,340,746
- Fundraising (functional)
- $3,902,814
Balance sheet and other
- Total assets, start of year
- $557,494,933
- Total assets, end of year
- $565,537,437
- Total liabilities, end of year
- $86,356,689
- Net assets, end of year
- $479,180,748
- Land, buildings and equipment
- $175,296,403
- Publicly traded securities
- $122,895,279
- Net assets without donor restrictions
- $174,861,665
- Net assets with donor restrictions
- $304,319,083
- Gross unrelated business income
- $1,379,651
- Gross receipts
- $259,418,513
- Employees
- 2,548
- Volunteers
- 697
- Year formed
- 1862
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Rebecca M Bergman | President Trustee or director, Officer | 50 | $357,904 | $80,554 |
| Brenda S Kelly | Provost and Dean of the College Officer | 50 | $204,557 | $67,712 |
| Curtis J Kowaleski | CFO Vice President of Finance and Treasurer Officer | 50 | $195,392 | $37,095 |
| Thomas W Young | Vice President for Institutional Advancement Highest-paid employee | 50 | $176,558 | $48,077 |
| Stanley J Shetka | Faculty Highest-paid employee | 50 | $205,568 | $13,895 |
| Mark J Braun | Faculty Highest-paid employee | 50 | $164,427 | $36,792 |
| Kim Frisch | Vice President for Enrollment Management Highest-paid employee | 50 | $178,077 | $16,001 |
| Timothy R Kennedy | Vice President for Marketing Highest-paid employee | 50 | $154,097 | $14,616 |
| Nicole M LaVoi | Director Trustee or director | 2 | $2,500 | $0 |
| Tane T Danger | Director Trustee or director | 2 | $2,000 | $0 |
| Kelsey K Ackmann | Director Trustee or director | 2 | $0 | $0 |
| Jeffrey C Anderson | Director Trustee or director | 2 | $0 | $0 |
| Nathan P Annis | Director Trustee or director | 2 | $0 | $0 |
| Catherine L Asta | Director Trustee or director, Officer | 2 | $0 | $0 |
| Mark W Bergman | Director Trustee or director | 2 | $0 | $0 |
27 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Suzanne F Boda | Director Trustee or director | 2 | $0 |
| Robert D Brown Jr | Director Trustee or director | 2 | $0 |
| Kara K Buckner | Director Trustee or director | 2 | $0 |
| Michael D Bussey | Director Trustee or director | 2 | $0 |
| Janette F Concepcion | Director Trustee or director | 2 | $0 |
| Daniel G Currell | Director Trustee or director | 2 | $0 |
| Sarah E Cuthill | Director Trustee or director | 2 | $0 |
| Edward J Drenttel | Director Trustee or director | 2 | $0 |
| Chris Enstad | Director Trustee or director | 2 | $0 |
| John M Harris | Director Trustee or director | 2 | $0 |
| Eric H Hedlund | Director Trustee or director | 2 | $0 |
| Mary Dee J Hicks | Director Trustee or director | 2 | $0 |
| Alicia A Hilding | Director Trustee or director | 2 | $0 |
| John S Himle | Director Trustee or director | 2 | $0 |
| Keith N Jackson | Director/Vice Chair Trustee or director | 2 | $0 |
| Peter C Johnson | Director Trustee or director | 2 | $0 |
| Charles M Kelley | Director Trustee or director | 2 | $0 |
| Goren Lithell | Director Trustee or director | 2 | $0 |
| David J Lose | Director Trustee or director | 2 | $0 |
| Bradley S Nuss | Director/Vice Chair Trustee or director | 2 | $0 |
| Marcia L Page | Director/Chair Trustee or director | 2 | $0 |
| Dee Pederson | Director Trustee or director | 2 | $0 |
| Robert C Schnell | Director Trustee or director | 2 | $0 |
| Amanda J Simons | Director Trustee or director | 2 | $0 |
| Karl D Self | Director/Vice Chair Trustee or director | 2 | $0 |
| Kent V Stone | Director Trustee or director | 2 | $0 |
| Heather T Wigdahl | Director Trustee or director | 2 | $0 |
990 for the year ended May 31, 2024: 45 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Rebecca M Bergman | President Trustee or director, Officer | 50 | $353,865 | $82,781 |
| Brenda S Kelly | Provost and Dean of the College Officer | 50 | $199,913 | $46,430 |
| Curtis J Kowaleski | CFO Vice President of Finance and Treasurer Officer | 50 | $195,415 | $37,890 |
| Thomas W Young | Vice President for Institutional Advancement Highest-paid employee | 50 | $175,134 | $49,936 |
| JoNes R VanHecke | Vice President for Student Life & Dean of Students Highest-paid employee | 50 | $190,467 | $14,696 |
| Mark J Braun | Faculty Highest-paid employee | 50 | $156,953 | $36,459 |
| Marcia J Bunge | Faculty Highest-paid employee | 50 | $139,362 | $39,645 |
| Wilson D Thompson | Vice President for Equity and Inclusion Highest-paid employee | 50 | $139,772 | $37,263 |
| Jolene D Christensen | Secretary Officer | 50 | $54,283 | $16,310 |
| Tane T Danger | Director Trustee or director | 2 | $2,000 | $0 |
| Nicole M LaVoi | Director Trustee or director | 2 | $500 | $0 |
| Kelsey K Ackmann | Director Trustee or director | 2 | $0 | $0 |
| Jeffrey C Anderson | Director Trustee or director | 2 | $0 | $0 |
| Scott P Anderson | Director Trustee or director | 2 | $0 | $0 |
| Catherine L Asta | Director Trustee or director | 2 | $0 | $0 |
| Mark W Bergman | Director Trustee or director | 2 | $0 | $0 |
| Suzanne F Boda | Director Trustee or director | 2 | $0 | $0 |
| Robert D Brown Jr | Director Trustee or director | 2 | $0 | $0 |
| Kara K Buckner | Director Trustee or director | 2 | $0 | $0 |
| Michael D Bussey | Director Trustee or director | 2 | $0 | $0 |
| Janette F Concepcion | Director Trustee or director | 2 | $0 | $0 |
| Daniel G Currell | Director Trustee or director | 2 | $0 | $0 |
| Sarah E Cuthill | Director Trustee or director | 2 | $0 | $0 |
| Edward J Drenttel | Director Trustee or director | 2 | $0 | $0 |
| John O Hallberg | Director Trustee or director | 2 | $0 | $0 |
| John M Harris | Director Trustee or director | 2 | $0 | $0 |
| Eric H Hedlund | Director Trustee or director | 2 | $0 | $0 |
| Mary Dee J Hicks | Director Trustee or director | 2 | $0 | $0 |
| Alicia A Hilding | Director Trustee or director | 2 | $0 | $0 |
| John S Himle | Director Trustee or director | 2 | $0 | $0 |
| Keith N Jackson | Director/Vice Chair Trustee or director, Officer | 2 | $0 | $0 |
| Peter C Johnson | Director Trustee or director | 2 | $0 | $0 |
| Charles M Kelley | Director Trustee or director | 2 | $0 | $0 |
| Dennis A Lind | Director Trustee or director | 2 | $0 | $0 |
| Jan Lindman | Director Trustee or director | 2 | $0 | $0 |
| David J Lose | Director Trustee or director | 2 | $0 | $0 |
| Mikka S McCracken | Director Trustee or director | 2 | $0 | $0 |
| Bradley S Nuss | Director/Vice Chair Trustee or director, Officer | 2 | $0 | $0 |
| Marcia L Page | Director/Chair Trustee or director, Officer | 2 | $0 | $0 |
| Dee Pederson | Director Trustee or director | 2 | $0 | $0 |
| Dan S Poffenberger | Director Trustee or director | 2 | $0 | $0 |
| Robert C Schnell | Director Trustee or director | 2 | $0 | $0 |
| Karl D Self | Director/Vice Chair Trustee or director, Officer | 2 | $0 | $0 |
| Kent V Stone | Director Trustee or director | 2 | $0 | $0 |
| Heather T Wigdahl | Director Trustee or director | 2 | $0 | $0 |
990 for the year ended May 31, 2023: 47 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Rebecca M Bergman | President Trustee or director, Officer | 50 | $350,210 | $87,715 |
| Thomas W Young | Vice President for Institutional Advancement Highest-paid employee | 50 | $174,421 | $84,100 |
| Brenda S Kelly | Provost and Dean of the College Officer | 50 | $199,765 | $45,932 |
| Amy E Seham | Faculty Highest-paid employee | 50 | $180,850 | $58,884 |
| Curtis J Kowaleski | CFO Vice President of Finance and Treasurer Officer | 50 | $194,250 | $39,159 |
| JoNes R VanHecke | Vice President for Student Life & Dean of Students Highest-paid employee | 50 | $158,934 | $24,181 |
| Michele J Rusinko | Faculty Highest-paid employee | 50 | $168,231 | $11,838 |
| Marcia J Bunge | Faculty Highest-paid employee | 50 | $140,663 | $13,065 |
| Jolene D Christensen | Secretary Officer | 50 | $73,225 | $28,586 |
| Tane T Danger | Director Trustee or director | 2 | $2,000 | $0 |
| Scott P Anderson | Director Trustee or director | 2 | $0 | $0 |
| Catherine L Asta | Director Trustee or director | 2 | $0 | $0 |
| Grayce Belvedere-Young | Director Trustee or director | 2 | $0 | $0 |
| Suzanne F Boda | Director Trustee or director | 2 | $0 | $0 |
| Robert D Brown Jr | Director Trustee or director | 2 | $0 | $0 |
| Kara K Buckner | Director Trustee or director | 2 | $0 | $0 |
| Michael D Bussey | Director Trustee or director | 2 | $0 | $0 |
| Janette F Concepcion | Director Trustee or director | 2 | $0 | $0 |
| Daniel G Currell | Director Trustee or director | 2 | $0 | $0 |
| Sarah E Cuthill | Director Trustee or director | 2 | $0 | $0 |
| Edward J Drenttel | Director Trustee or director | 2 | $0 | $0 |
| Bruce A Edwards | Director Trustee or director | 2 | $0 | $0 |
| John O Hallberg | Director Trustee or director | 2 | $0 | $0 |
| John M Harris | Director Trustee or director | 2 | $0 | $0 |
| Mary Dee J Hicks | Director Trustee or director | 2 | $0 | $0 |
| Alicia A Hilding | Director Trustee or director | 2 | $0 | $0 |
| John S Himle | Director Trustee or director | 2 | $0 | $0 |
| Keith N Jackson | Director Trustee or director | 2 | $0 | $0 |
| Peter C Johnson | Director Trustee or director | 2 | $0 | $0 |
| Charles M Kelley | Director Trustee or director | 2 | $0 | $0 |
| Paul R Koch | Director Trustee or director | 2 | $0 | $0 |
| Nicole M LaVoi | Director Trustee or director | 2 | $0 | $0 |
| Dennis A Lind | Director Trustee or director | 2 | $0 | $0 |
| Jan Lindman | Director Trustee or director | 2 | $0 | $0 |
| David J Lose | Director Trustee or director | 2 | $0 | $0 |
| Gordon D Mansergh | Director Trustee or director | 2 | $0 | $0 |
| Mikka S McCracken | Director Trustee or director | 2 | $0 | $0 |
| Janice M Michaletz | Director Trustee or director | 2 | $0 | $0 |
| Thomas J Mielke | Director/Vice Chair Trustee or director, Officer | 2 | $0 | $0 |
| Bradley S Nuss | Director/Vice Chair Trustee or director, Officer | 2 | $0 | $0 |
| Marcia L Page | Director/Chair Trustee or director, Officer | 2 | $0 | $0 |
| Dee Pederson | Director Trustee or director | 2 | $0 | $0 |
| Dan S Poffenberger | Director Trustee or director | 2 | $0 | $0 |
| Robert C Schnell | Director Trustee or director | 2 | $0 | $0 |
| Karl D Self | Director/Vice Chair Trustee or director, Officer | 2 | $0 | $0 |
| Kent V Stone | Director Trustee or director | 2 | $0 | $0 |
| Heather T Wigdahl | Director Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 800 W COLLEGE AVE, SAINT PETER, MN 56082-1485
- In care of
- % CURTIS J KOWALESKI
- Principal officer (990 for 2024)
- John C Volin, 800 West College Avenue, Saint Peter, MN 56082
- Signed the 990
- John C Volin, President
- Phone
- (507) 933-8000
- Website
- www.gustavus.edu
Mission
Gustavus Adolphus College is a church-related, residential liberal arts college firmly rooted in its Swedish and Lutheran heritage. The College offers students of high aspiration and promise a liberal arts education of recognized excellence provided by faculty who embody the highest standards of teaching and scholarship. The College aspires to be a community of persons from diverse backgrounds who respect and affirm the dignity of all people. It is a community where a mature understanding of the Christian faith and lives of service are nurtured and students are encouraged to work toward a just and peaceful world. The purpose of a Gustavus education is to help students attain their full potential as persons, to develop in them a capacity and passion for lifelong learning, and to prepare them for fulfilling lives of leadership and service in society.
Program accomplishments
- Instruction and Academic Support: Gustavus offers 78 majors in 24 academic departments and 12 interdisciplinary programs, with a student-faculty ratio of 12:1. Total FTE enrollment for academic year 2024-2025 was 1,852, with 523 students graduating in fiscal year 2025.Expenses $107,228,328 · grants $63,128,652 · revenue $104,780,744
- Student Services: Gustavus sponsors 23 varsity athletics teams and 27 intramural activities and club sports, along with more than 102 student organizations. Other student services include admission, community engaged learning, career development, peer mentoring, Office of the Chaplains, center for inclusive excellence, financial assistance, health services, registrar, campus activities and residential life programs.Expenses $18,143,649
- Auxiliary Services: As a residential college, Gustavus is committed to residence hall living as a vital complement to its academic program. Approximately 93% of students live in College-owned residences and eat in the College's Dining Service. During Fall 2024, 1,733 students lived in College-owned residences. The College bookstore provides textbooks and other educational supplies for students. Other items for sale include: clothing embossed with the College's insignia, books and miscellaneous novelty items.Expenses $15,282,370 · revenue $22,874,756
- Gustavus offers a number of activities that enhance the curricular program, including various public service events and miscellaneous services provided to students.Expenses $6,783,468 · grants $40,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990 on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990 on file |
IRS record
- EIN
- 41-0695524
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1935
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B420)
- Assets (IRS master file)
- $565,537,437
- Income (IRS master file)
- $259,418,513
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | $151,267,734 | $157,681,375 | $565,537,437 | XML |
| 990-T | May 2025 | – | – | – | IRS |
| 990 | May 2024 | $145,945,868 | $154,076,541 | $557,494,933 | XML |
| 990-T | May 2024 | – | – | – | IRS |
| 990 | May 2023 | $150,522,013 | $158,584,922 | $540,762,989 | XML |
| 990-T | May 2023 | – | – | – | IRS |
| 990 | May 2022 | $183,510,862 | $159,071,069 | $555,228,341 | IRS |
| 990-T | May 2022 | – | – | – | IRS |
| 990 | May 2021 | – | – | – | IRS |
| 990-T | May 2021 | – | – | – | IRS |
| 990 | May 2020 | – | – | – | IRS |
| 990 | May 2019 | – | – | – | IRS |
| 990 | May 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-0695524).
Questions about GUSTAVUS ADOLPHUS COLLEGE
- What is the EIN of GUSTAVUS ADOLPHUS COLLEGE?
- The employer identification number (EIN) of GUSTAVUS ADOLPHUS COLLEGE is 41-0695524.
- Is GUSTAVUS ADOLPHUS COLLEGE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1935.
- Are donations to GUSTAVUS ADOLPHUS COLLEGE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GUSTAVUS ADOLPHUS COLLEGE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of GUSTAVUS ADOLPHUS COLLEGE due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GUSTAVUS ADOLPHUS COLLEGE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2025.
- Who is the principal officer of GUSTAVUS ADOLPHUS COLLEGE?
- The 990 for the year ended May 31, 2025 names John C Volin.
- Who are the officers and directors of GUSTAVUS ADOLPHUS COLLEGE?
- The 990 for the year ended May 31, 2025 lists 42 people; 10 received compensation from the organization, the highest $357,904 (Rebecca M Bergman, President).
- How much revenue does GUSTAVUS ADOLPHUS COLLEGE have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $151,267,734, expenses of $157,681,375 and total assets of $565,537,437 at year end.
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- LEO A HOFFMANN CENTER INC EIN 41-1453830 · last filed 990 for 2024
- MINNESOTA SCHOOL BOARDS ASSOCIATION EIN 41-0837769 · last filed 990 for 2025
- KIDS CORNER CHILD CARE CENTER EIN 41-1676095 · last filed 990 for 2024
- ST PETER COMMUNITY CHILDCARE CENTER INC EIN 26-1170295 · last filed 990 for 2025
- AMERICAN HOCKEY COACHES ASSOCIATION EIN 02-0348525 · last filed 990 for 2026
- ARTS CENTER OF SAINT PETER INC EIN 41-1363831 · last filed 990 for 2025
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