Coe College
92% goes to programs $10 to raise $100 Strong reserves
Coe College is a 501(c)(3) organization based in Cedar Rapids, Iowa, registered in 2013, with $81,137,344 in FY2023 revenue. CharityIndex grades it A, and it directs about 92% of spending to programs.
1220 1st Ave Ne 2, Cedar Rapids, IA, 52402 EIN 42-0686467 Since 2013
Revenue (FY2023)
$81.1M
▲ 1.4% vs prior year
Education median: $200K
Expenses (FY2023)
$88.8M
Net assets
$137.4M
Employees
1,182
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating92% to programs · $10 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Coe College: 92% to programs · $10 to raise $100 earns a A+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating19 mo reserves · -9% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Coe College: 19 mo reserves · -9% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Coe College: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Coe College: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Coe college is a private, four-year co-educational liberal arts college.
What they do
Auxiliary enterprises - this includes the college's residence halls, college rental housing, food services, the student union and summer conferences. with more than 1,000 students in campus housing, residential life is central to the coe experience for students. the college also serves as a resource to the surrounding community throughout the year by hosting youth clubs and activities and derives some revenue from hosting summer conferences in its facilities.
Program services - this includes expenditures for the operation and maintenance of college facilities. with 38 buildings on more than 60 acres, maintenance of college facilities is an important consideration for the college. significant campus improvements over the past two decades have been completed so that students and faculty may enjoy an environment conducive to learning, with the facilities to support the mission of the college.
Contact & location
- Address
- 1220 1st Ave Ne 2, Cedar Rapids, IA, 52402
- City
- Cedar Rapids
- State
- Iowa
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $63.2M (FY2013) to $81.1M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $37.3MNet assets $137.4M
Operating margin
-9.5%
Spent more than it raised in the latest fiscal year.
Total assets
$174.7M
Total liabilities
$37.3M
Net assets
$137.4M
Salaries & benefits
$21.6M
24% of expenses
Board members
36
35 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $81,137,344▲1.4% | $88,843,089▲1.9% | $137,393,176▼0.9% | $174,724,219▼1.1% | 990 |
| 2022 | $80,028,857▼12.2% | $87,154,998▼2.8% | $138,635,131▼1.9% | $176,739,069▼3.2% | 990 |
| 2021 | $91,175,984▲5.9% | $89,682,818▲5.2% | $141,285,735▼8.5% | $182,564,776▼9.0% | 990 |
| 2020 | $86,134,862▲3.9% | $85,285,800▲1.8% | $154,434,425▲14.3% | $200,727,522▲7.3% | 990 |
| 2019 | $82,885,005▼0.4% | $83,812,157▲3.2% | $135,079,925▼1.6% | $187,151,390▼1.4% | 990 |
| 2018 | $83,183,578▲5.6% | $81,245,512▲5.2% | $137,226,822▼1.6% | $189,854,466▼2.3% | 990 |
| 2017 | $78,754,662▲6.6% | $77,240,502▲4.2% | $139,410,884▲2.0% | $194,338,257▲0.2% | 990 |
| 2016 | $73,857,601▲4.6% | $74,143,944▲4.6% | $136,611,727▲5.5% | $193,944,047▲11.1% | 990 |
| 2015 | $70,640,012▲5.6% | $70,906,790▲6.2% | $129,475,836▼4.0% | $174,490,781▼0.4% | 990 |
| 2014 | $66,875,563▲5.8% | $66,737,135▲1.9% | $134,869,780▼1.5% | $175,218,962▼0.8% | 990 |
| 2013 | $63,222,458 | $65,516,488▲5.8% | $136,962,401▲2.6% | $176,710,719▲1.7% | 990 |
| 2012 | — | $61,930,749▲5.5% | $133,497,937▲6.0% | $173,795,163▲3.6% | 990 |
| 2011 | — | $58,687,497▲5.7% | $125,958,729▲7.4% | $167,709,497▲10.3% | 990 |
| 2010 | — | $55,505,510 | $117,239,787 | $152,035,827 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: David Hayes — $349,275 (0.39% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| David Hayes | President | 40 | $349,275 |
| Julie Staker | Vp For Enrollment, Mktg, & Inst. | 40 | $185,418 |
| Chantel Olufson Lepa | Vp of Advancement (through 06/2024) | 40 | $168,374 |
| Angela Ziskowski | Provost & Dean of Faculty | 40 | $158,500 |
| Mario Affatigato | Professor of Physics and Asst. | 40 | $148,102 |
| Steven Feller | Professor of Physics | 40 | $134,109 |
| Joshua Kite | Assistant Vp For Enrollment | 40 | $132,301 |
| Martin St Clair | Former Professor of Chemistry | 40 | $108,046 |
| Kayt Conrad | Vp of Finance & Admin | 40 | $92,367 |
| Evans Keniese | Dean of Students (through 08/2024) | 40 | $68,921 |
| Kim Pribyl - Asst To the | President & Asst Secretary | 40 | $51,058 |
| Bola George | Trustee | 1 | — |
| Brett Rule | Trustee | 1 | — |
| Carson Veach | Chairman of the Board | 1 | — |
| Christine Galloway | Trustee | 1 | — |
| Craig Struve | Trustee | 1 | — |
| Curt Menefee | 2nd Vice Chair | 1 | — |
| Dave Carson | Treasurer | 1 | — |
| Dave Lusson | Trustee | 1 | — |
| David Gehring | Trustee | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Sodexo Inc | Food Service | $2,588,757 |
| Build To Suit | Construction/repairs | $1,259,480 |
| Eab Global Inc | Market Consulting | $235,078 |
| Advance Builders | Construction/repairs | $204,448 |
| Cedar Graphics Inc | Printing Services | $198,704 |
Grants received · $2.2M total
67 grants to Coe College totaling $2.2M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Online Giving Foundation Inc | General support | 2024 | $12,747 |
| The Conservation Fund A Nonprofit Corporation | Conservation of natural resources;sustainable economic & community development | 2023 | $70,000 |
| Thrivent Charitable Impact & Investing | General support | 2023 | $48,423 |
| Donor Advised Charitable Giving | Education | 2023 | $43,670 |
| American Endowment Foundation | Educational | 2023 | $34,500 |
| American Online Giving Foundation Inc | General support | 2023 | $31,148 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $28,450 |
| Minneapolis Foundation | Donor-advised, education | 2023 | $16,000 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $10,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $49,450 |
| American Online Giving Foundation Inc | General support | 2022 | $23,320 |
| Donor Advised Charitable Giving | Education | 2022 | $13,670 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2022 | $10,000 |
| The Blackbaud Giving Fund | General support | 2022 | $5,150 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2022 | $5,000 |
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Compare Coe College
Frequently asked questions
- Is Coe College a legitimate nonprofit?
- Yes. Coe College is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 42-0686467, based in Cedar Rapids, Iowa. Donations are tax-deductible.
- What is Coe College's EIN?
- Coe College's Employer Identification Number (EIN) is 42-0686467.
- How much revenue does Coe College report?
- Coe College reported $81,137,344 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Coe College's spending goes to programs?
- Coe College spends about 92% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Coe College have?
- CharityIndex grades Coe College A, based on program efficiency and fundraising cost.
- How much does Coe College's highest-paid employee make?
- The highest reported compensation on Coe College's latest Form 990 is $349,275, paid to David Hayes (President).
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Data for Coe College (EIN 42-0686467) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.