Nonprofit · EIN 42-0680387
THE TRUSTEES OF GRINNELL COLLEGE
Tax-exempt · GRINNELL, IA 50112
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $361,944,495 | $259,510,437 | $102,434,058 | $3,398,994,168 | $268,125,230 | $3,130,868,938 |
| June 30, 2024 | 990 | $397,436,581 | $247,771,574 | $149,665,007 | $3,191,620,072 | $277,555,434 | $2,914,064,638 |
| June 30, 2023 | 990 | $364,446,425 | $236,823,739 | $127,622,686 | $3,023,180,797 | $278,805,066 | $2,744,375,731 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $21,792,123
- of which government grants
- $1,266,918
- Program service revenue
- $141,367,895
- Investment income
- $194,958,104
- Royalties
- $3,993,741
- Net rental income
- -$191,550
- Net gain from sales of assets
- $179,701,499
- Other revenue
- $3,826,373
Expenses
- Grants and similar amounts paid
- $79,738,383
- Compensation of officers, directors and key employees
- $3,897,670
- Other salaries and wages
- $73,990,805
- Salaries, compensation and benefits (total)
- $109,318,265
- Professional fundraising fees
- $701,411
- Legal fees
- $1,176,642
- Accounting fees
- $276,817
- Occupancy
- $8,558,306
- Travel
- $4,862,362
- Depreciation
- $17,254,889
- Program services (functional)
- $234,054,284
- Management and general (functional)
- $17,311,467
- Fundraising (functional)
- $8,144,686
Balance sheet and other
- Total assets, start of year
- $3,191,620,072
- Total assets, end of year
- $3,398,994,168
- Total liabilities, end of year
- $268,125,230
- Net assets, end of year
- $3,130,868,938
- Land, buildings and equipment
- $421,350,572
- Publicly traded securities
- $325,742,818
- Net assets without donor restrictions
- $2,137,544,438
- Net assets with donor restrictions
- $993,324,500
- Gross unrelated business income
- -$1,704,345
- Gross receipts
- $1,512,125,764
- Employees
- 2,530
- Volunteers
- 1,172
- Year formed
- 1846
- State of legal domicile
- IA
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JAINEN THAYER | CHIEF INVESTMENT OFFICER Officer | 60 | $1,002,930 | $70,170 |
| VALBONA SCHWAB | DEPUTY CHIEF INVESTMENT OFFICER Highest-paid employee | 50 | $730,359 | $121,476 |
| ANNE HARRIS | PRESIDENT Officer | 60 | $683,241 | $144,559 |
| LACEY JOHNSON | MANAGING DIRECTOR, INVESTMENTS Highest-paid employee | 50 | $617,657 | $65,290 |
| KERRI GANDIN | MANAGING DIRECTOR, INVEST. OPERATIONS Highest-paid employee | 50 | $520,581 | $66,092 |
| GERMAINE GROSS | VP FINANCE & TREASURER Officer | 60 | $477,363 | $55,321 |
| BERNADINE DOUGLAS | VP DEVELOPMENT Highest-paid employee | 50 | $338,701 | $57,629 |
| BERONDA MONTGOMERY | DEAN & VP ACADEMIC AFFAIRS Key employee | 60 | $317,525 | $51,822 |
| JOSEPH BAGNOLI | VP ENROLLMENT & DEAN OF ADMISSION Key employee | 60 | $288,048 | $56,698 |
| ROBERT WELCH | DIRECTOR OF INVESTMENTS Highest-paid employee | 50 | $303,788 | $32,495 |
| MYRNA HERNANDEZ | CHIEF OF STAFF & VP ADMINISTRATION Key employee | 60 | $234,966 | $35,798 |
| JANA GRIMES | VP HUMAN RESOURCES Key employee | 60 | $227,774 | $33,749 |
| COMBS NANCY L | ASSOCIATE VP FINANCE/FORMER OFFICER Former | 50 | $208,820 | $31,926 |
| MARZLUFF ELAINE M | PROF OF CHEMISTRY & FORMER KE Former | 50 | $188,379 | $30,328 |
| MARGARET BAIR | DIRECTOR OF BOARD RELATIONS Officer | 50 | $113,346 | $38,105 |
32 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL B KAHN | TRUSTEE & BOARD CHAIR Trustee or director, Officer | 7 | $0 |
| MATTHEW E WELCH | TRUSTEE & VICE-CHAIR (TERM EXPIRED MAY 2025) Trustee or director, Officer | 4 | $0 |
| R CHRISTINA CUTLIP | TRUSTEE & VICE-CHAIR Trustee or director, Officer | 4 | $0 |
| ODILE DISCH-BHADKAMKAR | TRUSTEE (TERM EXPIRED MAY 2025) Trustee or director | 3 | $0 |
| JEETANDER DULANI | TRUSTEE Trustee or director | 2 | $0 |
| SHELLEY FLOYD | TRUSTEE Trustee or director | 3 | $0 |
| KATE GODDARD | TRUSTEE & ALUMNI COUNCIL PRESIDENT Trustee or director | 2 | $0 |
| JULIE GOSSELINK | TRUSTEE Trustee or director | 2 | $0 |
| JON GRAY | TRUSTEE Trustee or director | 2 | $0 |
| JEFF GREENBERG | TRUSTEE Trustee or director | 2 | $0 |
| GRACIELA GUZMAN | TRUSTEE Trustee or director | 2 | $0 |
| KEITH A JANTZEN | TRUSTEE Trustee or director | 3 | $0 |
| BRUCE KOFF | TRUSTEE Trustee or director | 2 | $0 |
| KIMBERLY A KUNCL | TRUSTEE Trustee or director | 2 | $0 |
| MELINDA LOPES | TRUSTEE Trustee or director | 2 | $0 |
| TOBI KLEIN MARCUS | TRUSTEE Trustee or director | 3 | $0 |
| KARMI MATTSON | TRUSTEE Trustee or director | 2 | $0 |
| DAVID E MAXWELL | TRUSTEE Trustee or director | 2 | $0 |
| GEORGE MOOSE | TRUSTEE Trustee or director | 2 | $0 |
| JEANNE MYERSON | TRUSTEE Trustee or director | 3 | $0 |
| YUKI NARULA | TRUSTEE Trustee or director | 2 | $0 |
| ANGELA ONWUACHI-WILLIG | TRUSTEE Trustee or director | 3 | $0 |
| SAUMIL PARIKH | TRUSTEE Trustee or director | 2 | $0 |
| STEVE PICKLE | TRUSTEE Trustee or director | 2 | $0 |
| NANCY L RADERMECHER | TRUSTEE Trustee or director | 3 | $0 |
| GABE RODRIGUEZ | TRUSTEE Trustee or director | 2 | $0 |
| LAURA SANDER | TRUSTEE Trustee or director | 2 | $0 |
| STEPHEN SANDQUIST | TRUSTEE Trustee or director | 2 | $0 |
| HAM SERUNJOGI | TRUSTEE Trustee or director | 2 | $0 |
| KRISTIN STOUT | TRUSTEE Trustee or director | 3 | $0 |
| SHERYL WALTER | TRUSTEE Trustee or director | 2 | $0 |
| CONNIE WIMER | TRUSTEE (TERM EXPIRED MAY 2025) Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 46 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JAINEN THAYER | CHIEF INVESTMENT OFFICER Officer | 60 | $1,033,208 | $72,831 |
| ANNE HARRIS | PRESIDENT Officer | 60 | $627,118 | $160,926 |
| VALBONA SCHWAB | DEPUTY CHIEF INVESTMENT OFFICER Highest-paid employee | 50 | $619,746 | $61,078 |
| GERMAINE Y GROSS | VP FINANCE & TREASURER Officer | 60 | $409,550 | $54,438 |
| LACEY F JOHNSON | MANAGING DIRECTOR Highest-paid employee | 50 | $401,394 | $45,322 |
| BERONDA L MONTGOMERY | DEAN & VP ACADEMIC AFFAIRS Key employee | 60 | $307,129 | $51,388 |
| JOSEPH P BAGNOLI | VP ENROLLMENT & DEAN OF ADMISSION Key employee | 60 | $275,996 | $55,941 |
| ROBERT WELCH | DIRECTOR OF INVESTMENTS Highest-paid employee | 50 | $254,890 | $27,910 |
| ELLEN F DE GRAFFENREID | VP COMMUNICATION & MARKETING Highest-paid employee | 60 | $229,703 | $48,656 |
| HENRY W MOYER | PROFESSOR OF POLITICAL SCIENCE Highest-paid employee | 50 | $236,632 | $35,373 |
| NANCY L COMBS | ASSOCIATE VP FINANCE & ASST TREASURER Former | 50 | $217,431 | $44,748 |
| MYRNA Y HERNANDEZ | CHIEF OF STAFF & VP ADMINISTRATION Key employee | 60 | $212,283 | $32,935 |
| JANA L GRIMES | VP HUMAN RESOURCES Key employee | 60 | $212,067 | $32,704 |
| ELAINE M MARZLUFF | PROFESSOR OF CHEMISTRY Former | 50 | $177,651 | $29,568 |
| MARGARET E BAIR | DIRECTOR OF BOARD RELATIONS Officer | 50 | $109,637 | $37,668 |
| MICHAEL B KAHN | TRUSTEE & BOARD CHAIR Trustee or director, Officer | 7 | $0 | $0 |
| CHRISTINA R CUTLIP | TRUSTEE & VICE-CHAIR Trustee or director, Officer | 4 | $0 | $0 |
| MATTHEW E WELCH | TRUSTEE & VICE-CHAIR Trustee or director, Officer | 4 | $0 | $0 |
| ODILE DISCH-BHADKAMKAR | TRUSTEE Trustee or director | 3 | $0 | $0 |
| JEETANDER DULANI | TRUSTEE Trustee or director | 2 | $0 | $0 |
| SHELLEY FLOYD | TRUSTEE Trustee or director | 3 | $0 | $0 |
| JULIE GOSSELINK | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JON GRAY | TRUSTEE Trustee or director | 2 | $0 | $0 |
| GRACIELA GUZMAN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| BERNARD JACKSON JR | TRUSTEE & ALUMNI COUNCIL PRESIDENT Trustee or director | 2 | $0 | $0 |
| KEITH A JANTZEN | TRUSTEE Trustee or director | 3 | $0 | $0 |
| BRUCE KOFF | TRUSTEE Trustee or director | 2 | $0 | $0 |
| KIMBERLY A KUNCL | TRUSTEE Trustee or director | 2 | $0 | $0 |
| TOBI KLEIN MARCUS | TRUSTEE Trustee or director | 3 | $0 | $0 |
| DAVID E MAXWELL | TRUSTEE Trustee or director | 2 | $0 | $0 |
| KATHRYN MOHRMAN | TRUSTEE (UNTIL 5/24) Trustee or director | 2 | $0 | $0 |
| GEORGE MOOSE | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JEANNE MYERSON | TRUSTEE Trustee or director | 3 | $0 | $0 |
| YUKI NARULA | TRUSTEE Trustee or director | 2 | $0 | $0 |
| ANGELA ONWUACHI-WILLIG | TRUSTEE Trustee or director | 3 | $0 | $0 |
| STEVE PICKLE | TRUSTEE Trustee or director | 2 | $0 | $0 |
| NANCY L RADERMECHER | TRUSTEE Trustee or director | 3 | $0 | $0 |
| GABE RODRIGUEZ | TRUSTEE Trustee or director | 2 | $0 | $0 |
| LAURA SANDER | TRUSTEE Trustee or director | 2 | $0 | $0 |
| STEPHEN SANDQUIST | TRUSTEE Trustee or director | 2 | $0 | $0 |
| W ED SENN | TRUSTEE (UNTIL 3/24) Trustee or director | 2 | $0 | $0 |
| HAM SERUNJOGI | TRUSTEE Trustee or director | 2 | $0 | $0 |
| KRISTIN STOUT | TRUSTEE Trustee or director | 3 | $0 | $0 |
| SHERYL WALTER | TRUSTEE Trustee or director | 2 | $0 | $0 |
| ERIC E WHITAKER | TRUSTEE (UNTIL 5/24) Trustee or director | 2 | $0 | $0 |
| CONNIE WIMER | TRUSTEE Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2023: 49 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JAINEN THAYER | CHIEF INVESTMENT OFFICER Officer | 60 | $1,083,369 | $71,695 |
| ANNE F HARRIS | PRESIDENT Officer | 60 | $618,102 | $152,546 |
| VALBONA SCHWAB | DEPUTY CHIEF INVESTMENT OFFICER Highest-paid employee | 50 | $602,580 | $50,131 |
| DAVID S CLAY | FORMER CHIEF INVESTMENT OFFICER Former | 0 | $525,588 | $0 |
| JACI THIEDE UNTIL 022023 | VP DEVELOPMENT & ALUMNI RELATIONS Highest-paid employee | 60 | $448,841 | $46,010 |
| JOSEPH P BAGNOLI | VP ENROLLMENT & DEAN OF ADMISSION & FIN. AID Key employee | 60 | $327,318 | $57,804 |
| DAVID ROBINSON | CHIEF INFORMATION OFFICER Highest-paid employee | 60 | $282,606 | $56,369 |
| PAIGE L CARLSON | ASSOCIATE DIRECTOR OF INVESTMENTS Highest-paid employee | 50 | $261,422 | $53,194 |
| HENRY W MOYER | PROFESSOR OF POLITICAL SCIENCE Highest-paid employee | 50 | $236,832 | $32,982 |
| NANCY L COMBS | ASSOCIATE VP FINANCE & ASST. TREASURER Former | 50 | $216,067 | $53,261 |
| ELAINE M MARZLUFF | PROFESSOR OF CHEMISTRY Key employee | 50 | $233,400 | $34,781 |
| GERMAINE GROSS | VP FINANCE AND TREASURER Officer | 60 | $235,893 | $26,102 |
| SCHVALLA RIVERA | VP DIVERSITY & INCLUSION - CDO - SR ADVISOR Former | 0 | $194,361 | $30,569 |
| JANA GRIMES | VP OF HUMAN RESOURCES Key employee | 60 | $189,488 | $29,598 |
| ANGELA VOOS | COS & VP STRAT. INITIATIVES Key employee | 60 | $189,602 | $19,624 |
| BERONDA L MONTGOMERY | DEAN & VP FOR ACADEMIC AFFAIRS Key employee | 60 | $168,728 | $28,640 |
| DEBRA LUKEHART | FORMER KEY (UNTIL 08/2022) Former | 0 | $134,810 | $27,563 |
| MARGARET JONES BAIR | DIRECTOR OF BOARD RELATIONS Officer | 50 | $109,551 | $36,560 |
| MICHAEL B KAHN | TRUSTEE & CHAIR Trustee or director, Officer | 7 | $0 | $0 |
| ANGELA ONWUACHI-WILLIG | TRUSTEE & VICE CHAIR Trustee or director, Officer | 4 | $0 | $0 |
| SHERYL WALTER | TRUSTEE & VICE CHAIR Trustee or director, Officer | 4 | $0 | $0 |
| R CHRISTINA CUTLIP | TRUSTEE Trustee or director | 3 | $0 | $0 |
| MATTHEW E WELCH | TRUSTEE Trustee or director | 3 | $0 | $0 |
| ODILE DISCH-BHADKAMKAR | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JEETANDER DULANI | TRUSTEE Trustee or director | 2 | $0 | $0 |
| SHELLEY FLOYD | TRUSTEE Trustee or director | 3 | $0 | $0 |
| ROBERT GEHORSAM | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JULIE GOSSELINK | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JON GRAY | TRUSTEE Trustee or director | 2 | $0 | $0 |
| GRACIELA GUZMAN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| KEITH A JANTZEN | TRUSTEE Trustee or director | 3 | $0 | $0 |
| JOHN H KISPERT | TRUSTEE (UNTIL 05/2023) Trustee or director | 3 | $0 | $0 |
| BRUCE KOFF | TRUSTEE Trustee or director | 2 | $0 | $0 |
| KIMBERLY A KUNCL | TRUSTEE Trustee or director | 2 | $0 | $0 |
| TOBI KLEIN MARCUS | TRUSTEE Trustee or director | 3 | $0 | $0 |
| DAVID E MAXWELL | TRUSTEE Trustee or director | 2 | $0 | $0 |
| KATHRYN J MOHRMAN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| GEORGE E MOOSE | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JEANNE MYERSON | TRUSTEE Trustee or director | 3 | $0 | $0 |
| NANCY L RADERMECHER | TRUSTEE Trustee or director | 2 | $0 | $0 |
| W EDWARD SENN | TRUSTEE Trustee or director | 3 | $0 | $0 |
| HAM SERUNJOGI | TRUSTEE Trustee or director | 2 | $0 | $0 |
| KAREN E SHAFF | TRUSTEE (UNTIL 05/23) Trustee or director | 2 | $0 | $0 |
| JOEL R SPIEGEL | TRUSTEE (UNTIL 05/23) Trustee or director | 2 | $0 | $0 |
| KRISTIN STOUT | TRUSTEE Trustee or director | 2 | $0 | $0 |
| ERIC E WHITAKER | TRUSTEE Trustee or director | 2 | $0 | $0 |
| CONNIE WIMER | TRUSTEE Trustee or director | 2 | $0 | $0 |
| STEPHEN SANDQUIST | TRUSTEE Trustee or director | 2 | $0 | $0 |
| LAURA SANDER | TRUSTEE Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 733 BROAD ST, GRINNELL, IA 50112-2227
- Principal officer (990 for 2024)
- GERMAINE GROSS, 733 BROAD STREET, GRINNELL, IA 501122227
- Signed the 990
- GERMAINE GROSS, VP FOR FINANCE & TREASURER
- Phone
- (641) 269-9700
- Website
- WWW.GRINNELL.EDU
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
SEE SCHEDULE O.
Program accomplishments
- INSTRUCTIONAL PROGRAMS AT THE PRIVATE 4-YEAR RESIDENTIAL COLLEGE INCLUDE THE LIBERAL ARTS AND SCIENCES. GRINNELL OFFERS A BACHELOR OF ARTS IN 28 MAJOR FIELDS WITH 17 CONCENTRATIONS AND A 1:9 FACULTY TO STUDENT RATIO. GRINNELL COLLEGE HAS APPROXIMATELY 1,625 STUDENTS GENERALLY FROM ALL STATES AND ABOUT 60 OTHER COUNTRIES. AT THE CENTER OF A GRINNELL EDUCATION IS THE COLLEGE'S INDIVIDUALLY ADVISED CURRICULUM. IT COMBINES INTENSE FACULTY MENTORING WITH AN UNCOMMON LEVEL OF STUDENT RESPONSIBILITY FOR CHOOSING THEIR OWN UNIQUE SET OF COURSES.MENTORING BEGINS IN THE FIRST-YEAR TUTORIAL, THE ONLY REQUIRED COURSE AT GRINNELL COLLEGE. FACULTY MEMBERS FROM ALL ACADEMIC DEPARTMENTS TEACH THE TUTORIAL AND THEIR TOPICS VARY WIDELY, BUT EVERY TUTORIAL EMPHASIZES WRITING, CRITICAL THINKING AND ANALYSIS, DISCUSSION SKILLS, AND INFORMATION LITERACY.EACH TUTOR ALSO SERVES AS ADVISER TO THE TUTORIAL STUDENTS UNTIL THEY DECLARE A MAJOR FIELD OF STUDY, OFFERING GUIDANCE FROM AN INSTRUCTOR WITH PERSONAL KNOWLEDGE OF THEIR ACADEMIC INTERESTS, APTITUDES, AND NEEDS.THE TUTORIAL IS USUALLY LIMITED TO 14 STUDENTS, MAKING IT SMALLER THAN THE AVERAGE CLASS, THOUGH SIMILAR IN INTENSITY TO THE REST OF THE CURRICULUM. IN FACT, GRINNELL CLASSES GENERALLY ARE SMALL, WITH AN AVERAGE ENROLLMENT OF 16 AND FEWER THAN 5 PERCENT OF CLASSES ABOVE 30 STUDENTS.MANY ACADEMIC PROGRAMS OFFER A MENTORED ADVANCED PROJECT (MAP), EITHER AS INDEPENDENT STUDY OR IN THE CONTEXT OF A SEMINAR. THE MAP, CLOSELY GUIDED BY A FACULTY DIRECTOR, GIVES UPPER-LEVEL STUDENTS OPPORTUNITY TO CULMINATE A SEQUENCE OF ACADEMIC WORK BY COMPLETING AN ADVANCED PROJECT IN RESEARCH OR CREATIVE ARTS.AT ALL LEVELS OF THE CURRICULUM, GRINNELL COLLEGE STUDENTS RECEIVE AN EDUCATION ROOTED IN ACTIVE EXPERIENCE. FOR EXAMPLE, STUDENTS IN SCIENCE CLASSES ENGAGE IN DISCOVERY-BASED LEARNING, EVEN AT THE INTRODUCTORY LEVEL. EACH AREA OF THE FINE ARTS OFFERS OPPORTUNITIES FOR CREATIVE PRACTICE ALONGSIDE THE STUDY OF HISTORY, THEORY, AND FORMAL ANALYSIS.OUTSIDE THE CLASSROOM, THE CENTER FOR CAREERS, LIFE, AND SERVICE HAS COORDINATED MORE THAN 500 COLLEGE-FUNDED SUMMER INTERNSHIPS FOR STUDENTS OVER THE PAST FIVE YEARS. ABOUT A THIRD OF STUDENTS PARTICIPATE IN INTERCOLLEGIATE ATHLETICS THROUGH MEMBERSHIP ON VARSITY TEAMS.STUDENT-REGULATED RESIDENCE LIFE, ANOTHER IMPORTANT FEATURE OF A GRINNELL EDUCATION, TEACHES STUDENTS THE PRAGMATIC SOCIAL SKILLS OF SELF-GOVERNANCE AS THEY LIVE TOGETHER IN COMMUNITY.THE COLLEGE OFFERS A CALENDAR PACKED WITH CULTURAL EVENTS AND ACTIVITIES, INCLUDING CONCERTS, LECTURES, THEATRE, FILMS, AND OPPORTUNITIES FOR VOLUNTEER AND CIVIC INVOLVEMENT. GRINNELL HAS NEVER HAD FRATERNITIES OR SORORITIES; SOCIAL EVENTS ARE OPEN TO ALL MEMBERS OF THE COLLEGE.GRINNELL'S EMPHASIS ON ACTIVE LEARNING EXTENDS TO PARTICIPATION IN THE GLOBAL COMMUNITY. WITH INTERNATIONAL STUDENTS MAKING UP NEARLY 20 PERCENT OF THE STUDENT BODY AND DOMESTIC STUDENTS REPRESENTING EVERY STATE, GRINNELL OFFERS A GEOGRAPHICALLY AND CULTURALLY DIVERSE ENVIRONMENT FOR LIVING AND LEARNING. A FLOURISHING INSTITUTE FOR GLOBAL ENGAGEMENT COORDINATES AND HIGHLIGHTS THE MANY COURSES AND PROGRAMS AT GRINNELL COLLEGE WITH A GLOBAL PERSPECTIVE. EVEN WITHOUT A LANGUAGE REQUIREMENT, NEARLY ALL STUDENTS ELECT TO STUDY A FOREIGN LANGUAGE. MORE THAN HALF OF GRINNELL STUDENTS (A NUMBER MATCHED BY VERY FEW OTHER COLLEGES) SPEND A SEMESTER IN OFF-CAMPUS STUDY. NEARLY ALL OF THESE STUDENTS DECIDE TO LIVE AND STUDY OUTSIDE OF THE UNITED STATES.INTENSIVE TEACHING, ACTIVE LEARNING, RESIDENCE IN A COMMUNITY OF CULTURAL AND GLOBAL DIVERSITY, AND SELF-GOVERNANCE IN BOTH SOCIAL AND ACADEMIC LIFE--THESE ELEMENTS COME TOGETHER AT GRINNELL COLLEGE TO FORM A DISTINCTIVE EXPERIENCE OF LIBERAL EDUCATION.Expenses $138,072,380 · grants $78,192,003 · revenue $115,735,269
- ACADEMIC AND INSTITUTIONAL SUPPORT INCLUDES LIBRARY, FACULTY DEVELOPMENT, COMPUTER SERVICES, PUBLIC RELATIONS, PRINTING SERVICES, MAIL SERVICES, AND OTHER EXPENDITURES TO SUPPORT THE ACTIVITIES OF THE COLLEGE.Expenses $34,921,727 · grants $649,082
- STUDENT SERVICES INCLUDES REGISTRATION, COUNSELING, ADMISSION AND FINANCIAL AID, HEALTH SERVICES, INTERCOLLEGIATE ATHLETICS, LECTURES, CONVOCATIONS AND OTHER STUDENT PROGRAMS.Expenses $33,972,135 · grants $897,298 · revenue $841,207
- OTHER PROGRAM SERVICES INCLUDE AUXILIARY ENTERPRISES SUCH AS HOUSING AND FOOD SERVICE.Expenses $27,088,042 · revenue $24,815,601
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 42-0680387
- 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
- 1953
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B420)
- Assets (IRS master file)
- $3,398,994,168
- Income (IRS master file)
- $1,512,125,764
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $361,944,495 | $259,510,437 | $3,398,994,168 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $397,436,581 | $247,771,574 | $3,191,620,072 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $364,446,425 | $236,823,739 | $3,023,180,797 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $351,194,994 | $212,302,506 | $2,988,511,926 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 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 42-0680387).
Questions about THE TRUSTEES OF GRINNELL COLLEGE
- What is the EIN of THE TRUSTEES OF GRINNELL COLLEGE?
- The employer identification number (EIN) of THE TRUSTEES OF GRINNELL COLLEGE is 42-0680387.
- Is THE TRUSTEES OF GRINNELL COLLEGE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1953.
- Are donations to THE TRUSTEES OF GRINNELL COLLEGE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE TRUSTEES OF GRINNELL 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 THE TRUSTEES OF GRINNELL COLLEGE due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE TRUSTEES OF GRINNELL COLLEGE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of THE TRUSTEES OF GRINNELL COLLEGE?
- The 990 for the year ended June 30, 2025 names GERMAINE GROSS.
- Who are the officers and directors of THE TRUSTEES OF GRINNELL COLLEGE?
- The 990 for the year ended June 30, 2025 lists 47 people; 15 received compensation from the organization, the highest $1,002,930 (JAINEN THAYER, CHIEF INVESTMENT OFFICER).
- How much revenue does THE TRUSTEES OF GRINNELL COLLEGE have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $361,944,495, expenses of $259,510,437 and total assets of $3,398,994,168 at year end.
Other nonprofits in GRINNELL
- CENTRAL IOWA CHRISTIAN SCHOOL EIN 42-1205352 · last filed 990 for 2025
- GRINNELL-NEWBURG BOOSTERS EIN 42-1298353 · last filed 990 for 2025
- SITTIG FOUNDATION INC EIN 86-1411967 · last filed 990-PF for 2025
- SECURITY DES MOINES INC EIN 81-3693337 · last filed 990-N for 2025
- MAYAS SPARK OF COURAGE FOUNDATION EIN 33-4373477 · last filed 990-EZ for 2025
- IOWA KITCHEN INC EIN 86-3358347 · last filed 990-N for 2025
- READ 2 LEAD EIN 84-1774268 · last filed 990-N for 2025
- COHEN JUVENILE PRACTICE SERIES EIN 99-2141078 · last filed 990-N for 2025