Nonprofit · EIN 42-0680389
SIMPSON COLLEGE
Tax-exempt · INDIANOLA, IA 50125
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $83,773,476 | $85,358,397 | -$1,584,921 | $141,701,919 | $41,798,721 | $99,903,198 |
| May 31, 2024 | 990 | $66,698,073 | $78,665,274 | -$11,967,201 | $145,451,082 | $41,918,199 | $103,532,883 |
| May 31, 2023 | 990 | $63,596,291 | $76,041,583 | -$12,445,292 | $152,836,299 | $44,058,546 | $108,777,753 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $8,133,768
- of which government grants
- $1,151,663
- Program service revenue
- $65,292,368
- Investment income
- $7,977,401
- Net gain from sales of assets
- $6,366,987
- Net income from fundraising events
- $10,970
- Other revenue
- $2,369,939
Expenses
- Grants and similar amounts paid
- $36,895,567
- Compensation of officers, directors and key employees
- $774,401
- Other salaries and wages
- $16,482,452
- Salaries, compensation and benefits (total)
- $23,713,035
- Professional fundraising fees
- $0
- Legal fees
- $85,497
- Accounting fees
- $145,550
- Occupancy
- $7,199,319
- Travel
- $1,613,459
- Depreciation
- $3,790,318
- Program services (functional)
- $76,628,158
- Management and general (functional)
- $7,275,851
- Fundraising (functional)
- $1,454,388
Balance sheet and other
- Total assets, start of year
- $145,451,082
- Total assets, end of year
- $141,701,919
- Total liabilities, end of year
- $41,798,721
- Net assets, end of year
- $99,903,198
- Land, buildings and equipment
- $60,331,956
- Publicly traded securities
- $42,687,451
- Net assets without donor restrictions
- $4,395,382
- Net assets with donor restrictions
- $95,507,816
- Gross receipts
- $145,377,381
- Employees
- 1,030
- Volunteers
- 40
- Year formed
- 1860
- 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 May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Jay N Byers | President through 4/2025 - *Deceased* Trustee or director, Officer | 40 | $360,968 | $27,564 |
| BRET MILLS | VP OF FINANCE/BUSINESS ADMINISTRATION, CFO Officer | 40 | $172,632 | $14,291 |
| Jared Bienenmann | Vice President - College Advancement - END 06/2025 Key employee | 40 | $147,973 | $26,827 |
| Leigh D Mlodzik | VP - Enrollment Highest-paid employee | 40 | $138,566 | $26,094 |
| John Woell | Academic Dean - END 09/2024 Officer | 40 | $155,294 | $7,421 |
| CoryAnne Harrington | Academic Dean Officer | 40 | $137,445 | $15,043 |
| Roger Degerman | VP - Marketing & Strategic Communications Highest-paid employee | 40 | $136,257 | $15,225 |
| Christopher Goodale | VP-Sr Director - Advancement Highest-paid employee | 40 | $131,038 | $13,611 |
| Tracie Pavon | Asst VP- Enrollment & Financial Aid Highest-paid employee | 40 | $112,488 | $14,201 |
| Mark Bell | Director - Athletics - END 12/2025 Highest-paid employee | 40 | $110,148 | $13,653 |
| Deanna Strable-Soethout | Treasurer Trustee or director, Officer | 0.5 | $0 | $0 |
| Susan E Voss | Secretary Trustee or director, Officer | 0.5 | $0 | $0 |
| Terry W Handley | Board Chair Trustee or director, Officer | 0.5 | $0 | $0 |
| Barbara A Miller | Trustee Trustee or director | 0.5 | $0 | $0 |
| Ben F Gaumer | Trustee Trustee or director | 0.5 | $0 | $0 |
37 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Bishop Kennetha Bigham-Tsai | Trustee Trustee or director | 0.5 | $0 |
| D Robert Downing | Trustee Trustee or director | 0.5 | $0 |
| Denise M Griffey | Trustee Trustee or director | 0.5 | $0 |
| Elizabeth Raymond Nigut | Trustee Trustee or director | 0.5 | $0 |
| Garrett Piklapp | Trustee Trustee or director | 0.5 | $0 |
| Hank Norem | Trustee Trustee or director | 0.5 | $0 |
| Izaah JB Knox | Trustee Trustee or director | 0.5 | $0 |
| James C Spooner | Trustee Trustee or director | 0.5 | $0 |
| Jay T Marshall | Trustee Trustee or director | 0.5 | $0 |
| Jessica Boltinghouse | Trustee Trustee or director | 0.5 | $0 |
| Joe Sorenson | Trustee Trustee or director | 0.5 | $0 |
| John R Norris | Trustee Trustee or director | 0.5 | $0 |
| John T Lawlor | Trustee Trustee or director | 0.5 | $0 |
| Juli M Willeman | Trustee Trustee or director | 0.5 | $0 |
| Kamie Downing-Haynes | Trustee Trustee or director | 0.5 | $0 |
| Kevin Halterman | Trustee Trustee or director | 0.5 | $0 |
| Kirk J Tyler | Trustee Trustee or director | 0.5 | $0 |
| Laura Howe | Trustee Trustee or director | 0.5 | $0 |
| Manuel A Cornell | Trustee Trustee or director | 0.5 | $0 |
| Maribeth Wright | Trustee Trustee or director | 0.5 | $0 |
| Mark L Hill | Trustee Trustee or director | 0.5 | $0 |
| Martha Davis-Goldstein | Trustee Trustee or director | 0.5 | $0 |
| Nick Andersen | Trustee Trustee or director | 0.5 | $0 |
| Nicole L Crain | Trustee Trustee or director | 0.5 | $0 |
| Nile D Ramsbottom | Trustee Trustee or director | 0.5 | $0 |
| Rick W Exline | Trustee Trustee or director | 0.5 | $0 |
| Robert G Riley | Trustee Trustee or director | 0.5 | $0 |
| Ron Carlson | Trustee Trustee or director | 0.5 | $0 |
| Ronald L Keller | Trustee Trustee or director | 0.5 | $0 |
| Sean M Kennedy | Trustee Trustee or director | 0.5 | $0 |
| Steven C Fiterman | Trustee Trustee or director | 0.5 | $0 |
| Steven G Johnson | Trustee Trustee or director | 0.5 | $0 |
| Terrance J Lillis | Trustee Trustee or director | 0.5 | $0 |
| Thomas J Keating | Trustee Trustee or director | 0.5 | $0 |
| Tim Bonney | Trustee Trustee or director | 0.5 | $0 |
| Trent Murphy | Trustee Trustee or director | 0.5 | $0 |
| Virginia Lauridsen | Trustee Trustee or director | 0.5 | $0 |
990 for the year ended May 31, 2024: 54 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Marsha Kelliher | President Thru AUG 23 Trustee or director, Officer | 40 | $329,282 | $45,109 |
| John Woell | Academic Dean Officer | 40 | $173,601 | $27,511 |
| Jared Bienenmann | Vice President - College Advancement Key employee | 40 | $153,927 | $28,097 |
| Jay N Byers | President Trustee or director, Officer | 40 | $165,389 | $10,528 |
| Deanna McCormick | VP- Business and Finance Officer | 40 | $155,690 | $9,425 |
| Leigh D Mlodzik | VP - Enrollment Highest-paid employee | 40 | $138,059 | $24,776 |
| Tracie Pavon | Asst VP - Enrollment & Financial Aid Highest-paid employee | 40 | $146,317 | $15,189 |
| Roger Degerman | VP - Marketing & Strategic Communications Highest-paid employee | 40 | $134,227 | $21,142 |
| Heidi B Levine | VP - Planning and Student Development Highest-paid employee | 40 | $124,716 | $18,764 |
| Keyah Levy | VP - Diversity, Equity & Inclusion Highest-paid employee | 40 | $116,387 | $14,925 |
| Randolph Fehr | Interim VP - Business and Finance Officer | 40 | $105,000 | $0 |
| BRET MILLS | VP OF FINANCE/BUSINESS ADMINISTRATION, CFO Officer | 40 | $6,664 | $1,366 |
| Deanna Strable-Soethout | Treasurer Trustee or director, Officer | 0.5 | $0 | $0 |
| Susan E Voss | Secretary Trustee or director, Officer | 0.5 | $0 | $0 |
| Terry W Handley | Board Chair Trustee or director, Officer | 0.5 | $0 | $0 |
| Barbara A Miller | Trustee Trustee or director | 0.5 | $0 | $0 |
| Ben F Gaumer | Trustee Trustee or director | 0.5 | $0 | $0 |
| Bishop Kennetha Bigham-Tsai | Trustee Trustee or director | 0.5 | $0 | $0 |
| D Robert Downing | Trustee Trustee or director | 0.5 | $0 | $0 |
| Denise M Griffey | Trustee Trustee or director | 0.5 | $0 | $0 |
| Elizabeth Raymond Nigut | Trustee Trustee or director | 0.5 | $0 | $0 |
| Garrett Piklapp | Trustee Trustee or director | 0.5 | $0 | $0 |
| Hank Norem | Trustee Trustee or director | 0.5 | $0 | $0 |
| Izaah JB Knox | Trustee Trustee or director | 0.5 | $0 | $0 |
| James C Spooner | Trustee Trustee or director | 0.5 | $0 | $0 |
| Jay T Marshall | Trustee Trustee or director | 0.5 | $0 | $0 |
| Jessica Boltinghouse | Trustee Trustee or director | 0.5 | $0 | $0 |
| Joe Sorenson | Trustee Trustee or director | 0.5 | $0 | $0 |
| John R Norris | Trustee Trustee or director | 0.5 | $0 | $0 |
| John T Lawlor | Trustee Trustee or director | 0.5 | $0 | $0 |
| Juli M Willeman | Trustee Trustee or director | 0.5 | $0 | $0 |
| Kamie Downing-Haynes | Trustee Trustee or director | 0.5 | $0 | $0 |
| Kevin Halterman | Trustee Trustee or director | 0.5 | $0 | $0 |
| Kirk J Tyler | Trustee Trustee or director | 0.5 | $0 | $0 |
| Laura Howe | Trustee Trustee or director | 0.5 | $0 | $0 |
| Manuel A Cornell | Trustee Trustee or director | 0.5 | $0 | $0 |
| Maribeth Wright | Trustee Trustee or director | 0.5 | $0 | $0 |
| Mark L Hill | Trustee Trustee or director | 0.5 | $0 | $0 |
| Martha Davis-Goldstein | Trustee Trustee or director | 0.5 | $0 | $0 |
| Nick Andersen | Trustee Trustee or director | 0.5 | $0 | $0 |
| Nicole L Crain | Trustee Trustee or director | 0.5 | $0 | $0 |
| Nile D Ramsbottom | Trustee Trustee or director | 0.5 | $0 | $0 |
| Rick W Exline | Trustee Trustee or director | 0.5 | $0 | $0 |
| Robert G Riley | Trustee Trustee or director | 0.5 | $0 | $0 |
| Ron Carlson | Trustee Trustee or director | 0.5 | $0 | $0 |
| Ronald L Keller | Trustee Trustee or director | 0.5 | $0 | $0 |
| Sean M Kennedy | Trustee Trustee or director | 0.5 | $0 | $0 |
| Steven C Fiterman | Trustee Trustee or director | 0.5 | $0 | $0 |
| Steven G Johnson | Trustee Trustee or director | 0.5 | $0 | $0 |
| Terrance J Lillis | Trustee Trustee or director | 0.5 | $0 | $0 |
| Thomas J Keating | Trustee Trustee or director | 0.5 | $0 | $0 |
| Tim Bonney | Trustee Trustee or director | 0.5 | $0 | $0 |
| Trent Murphy | Trustee Trustee or director | 0.5 | $0 | $0 |
| Virginia Lauridsen | Trustee Trustee or director | 0.5 | $0 | $0 |
990 for the year ended May 31, 2023: 49 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARSHA KELLIHER | PRESIDENT Trustee or director, Officer | 40 | $375,212 | $54,474 |
| JOHN WOELL | SR. VP AND ACADEMIC DEAN Officer | 40 | $154,203 | $25,369 |
| ROBERT J LANE | VP-COLLEGE ADVANCEMENT Key employee | 40 | $149,886 | $12,455 |
| DEANNA MCCORMICK | VP-BUSINESS AND FINANCE Officer | 40 | $152,817 | $7,879 |
| LEIGH D MLODZIK | VP-ENROLLMENT Highest-paid employee | 40 | $135,610 | $24,617 |
| ROGER DEGERMAN | VP-MARKETING & STRATEGIC COMM Highest-paid employee | 40 | $130,910 | $19,633 |
| HEIDI B LEVINE | VP-PLANNING & STUDENT DEVELOPM Highest-paid employee | 40 | $122,320 | $19,400 |
| KEYAH LEVY | VP-DIVERSITY, EQUITY & INCLUSI Highest-paid employee | 40 | $115,437 | $13,492 |
| JENNIFER MILLER | DEAN-CONTINUING & GRADUATE PRO Highest-paid employee | 40 | $112,358 | $13,018 |
| TIMOTHY D BONNEY | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| JESSICA BOLTINGHOUSE | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| JAY R BYERS | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| RON CARLSON | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| NICOLE L CRAIN | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| MATT DEWOLF | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| D ROBERT DOWNING | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| RICK W EXLINE | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| STEVEN C FITERMAN | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| BEN F GAUMER | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| DENISE M GRIFFEY | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| LAURIE HALLER | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| TERRY W HANDLEY | BOARD CHAIR Trustee or director, Officer | 0.5 | $0 | $0 |
| KAMIE DOWNING HAYNES | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| MARK L HILL | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| JOHN D HINES | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| STEVEN G JOHNSON | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| THOMAS J KEATING | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| RONALD L KELLER | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| SEAN M KENNEDY | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| IZAAH JB KNOX | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| VIRGINIA LAURIDSEN | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| JOHN T LAWLOR | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| TERRANCE J LILLIS | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| JAY T MARSHALL | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| BARBARA A MILLER | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| TRENT MURPHY | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| JAYNA J NIBLOCK | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| ELIZABETH RAYMOND NIGUT | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| JOHN R NORRIS | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| NILE D RAMSBOTTOM | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| STEVEN A RAMSEY | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| ROBERT G RILEY | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| JOE SORENSON | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| JAMES C SPOONER | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| DEANNA STRABLE-SOETHOUT | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 |
| KIRK J TYLER | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| SUSAN E VOSS | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 |
| JULI M WILLEMAN | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| MARIBETH WRIGHT | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 701 N C ST, INDIANOLA, IA 50125-1264
- In care of
- % BRET L MILLS
- Principal officer (990 for 2024)
- Susan D Stuebner, 701 North C Street, Indianola, IA 50125
- Signed the 990
- Susan D Stuebner, President
- Phone
- (515) 961-6251
- Website
- WWW.SIMPSON.EDU
- Return prepared by
- Forvis Mazars LLP
Mission
THROUGH INNOVATIVE LEARNING OPPORTUNITIES, INDIVIDUAL STUDENT ATTENTION, AND AN UNWAVERING COMMITMENT TO INCLUSIVE EDUCATIONAL ACCESS, SIMPSON COLLEGE CULTIVATES A DIVERSE COMMUNITY OF LEARNERS TO LEAD LIVES OF MEANING AND PURPOSE.
Program accomplishments
- SIMPSON COLLEGE PROVIDES INSTRUCTION TO APPROXIMATELY 1,200 FULL AND PART-TIME UNDERGRADUATE STUDENTS, WITH MAJOR AREAS OF INSTRUCTION IN BUSINESS, ELEMENTARY EDUCATION, SCIENCES AND THE ARTS.Expenses $76,628,158 · grants $36,895,567 · revenue $65,292,368
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
- 42-0680389
- 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
- 1939
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B420)
- Assets (IRS master file)
- $141,701,919
- Income (IRS master file)
- $145,377,381
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | $83,773,476 | $85,358,397 | $141,701,919 | XML |
| 990-T | May 2025 | – | – | – | IRS |
| 990 | May 2024 | $66,698,073 | $78,665,274 | $145,451,082 | XML |
| 990-T | May 2024 | – | – | – | IRS |
| 990 | May 2023 | $63,596,291 | $76,041,583 | $152,836,299 | XML |
| 990-T | May 2023 | – | – | – | IRS |
| 990 | May 2022 | $65,440,867 | $68,948,594 | $164,069,372 | IRS |
| 990-T | May 2022 | – | – | – | IRS |
| 990 | May 2021 | – | – | – | IRS |
| 990-T | May 2021 | – | – | – | IRS |
| 990 | May 2020 | – | – | – | 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 42-0680389).
Questions about SIMPSON COLLEGE
- What is the EIN of SIMPSON COLLEGE?
- The employer identification number (EIN) of SIMPSON COLLEGE is 42-0680389.
- Is SIMPSON COLLEGE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1939.
- Are donations to SIMPSON COLLEGE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SIMPSON 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 SIMPSON 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 SIMPSON 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 SIMPSON COLLEGE?
- The 990 for the year ended May 31, 2025 names Susan D Stuebner.
- Who are the officers and directors of SIMPSON COLLEGE?
- The 990 for the year ended May 31, 2025 lists 52 people; 10 received compensation from the organization, the highest $360,968 (Jay N Byers, President through 4/2025 - *Deceased*).
- How much revenue does SIMPSON COLLEGE have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $83,773,476, expenses of $85,358,397 and total assets of $141,701,919 at year end.
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- MOVE PROJECT EIN 27-4064758 · last filed 990-EZ for 2024
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- MARCIA HANSEN EDUCATIONAL FOUNDATION EIN 84-3549304 · last filed 990-PF for 2025
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