Simpson College
90% goes to programs $18 to raise $100 Strong reserves Growing revenue
Simpson College is a 501(c)(3) organization based in Indianola, Iowa, registered in 1939, with $83,773,476 in FY2024 revenue. CharityIndex grades it A, and it directs about 90% of spending to programs.
701 N C St, Indianola, IA, 50125 EIN 42-0680389 Since 1939
Revenue (FY2024)
$83.8M
▲ 25.6% vs prior year
Education median: $200K
Expenses (FY2024)
$85.4M
Net assets
$99.9M
Employees
1,030
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
B+Program efficiency40% of the rating90% to programs · $18 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 Simpson College: 90% to programs · $18 to raise $100 earns a B+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating14 mo reserves · -2% 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 Simpson College: 14 mo reserves · -2% margin earns a A 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 Simpson 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 Simpson College: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
A residential, coeducation, undergraduate liberal arts college.
What they do
Simpson college provides instruction to approximately 1,218 full and part-time undergraduate students, with major areas of instruction in business, elementary education, sciences and the arts.
Simpson college provides student services support to its students in the areas of student development, academic and career counseling, college chaplain, intercollegiate athletics, financial aid counseling and other services.
Contact & location
- Address
- 701 N C St, Indianola, IA, 50125
- City
- Indianola
- State
- Iowa
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $63.3M (FY2013) to $83.8M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $41.8MNet assets $99.9M
Operating margin
-1.9%
Spent more than it raised in the latest fiscal year.
Total assets
$141.7M
Total liabilities
$41.8M
Net assets
$99.9M
Salaries & benefits
$23.7M
28% of expenses
Board members
43
42 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $83,773,476▲25.6% | $85,358,397▲8.5% | $99,903,198▼3.5% | $141,701,919▼2.6% | 990 |
| 2023 | $66,698,073▲4.9% | $78,665,274▲3.5% | $103,532,883▼4.8% | $145,451,082▼4.8% | 990 |
| 2022 | $63,596,291▼2.8% | $76,041,583▲10.3% | $108,777,753▼11.5% | $152,836,299▼6.8% | 990 |
| 2021 | $65,440,867▼20.8% | $68,948,594▲6.0% | $122,904,555▼10.6% | $164,069,372▼9.3% | 990 |
| 2020 | $82,646,983▲35.0% | $65,066,415▲1.1% | $137,431,592▲21.5% | $180,912,943▲20.4% | 990 |
| 2019 | $61,218,401▼5.2% | $64,380,608▼1.3% | $113,131,945▼2.9% | $150,227,314▼0.5% | 990 |
| 2018 | $64,583,672▼3.6% | $65,247,098▲1.9% | $116,489,980▼4.7% | $151,049,652▼4.4% | 990 |
| 2017 | $67,020,938▲3.7% | $64,011,170▼1.5% | $122,174,138▲4.4% | $157,999,908▲2.2% | 990 |
| 2016 | $64,633,959▲3.5% | $64,988,869▲1.3% | $117,054,924▲4.2% | $154,530,316▲1.6% | 990 |
| 2015 | $62,455,185▼2.1% | $64,135,861▲2.1% | $112,332,321▼6.6% | $152,057,967▼5.5% | 990 |
| 2014 | $63,809,578▲0.8% | $62,809,286▲2.6% | $120,227,239▼0.7% | $160,918,095▼0.3% | 990 |
| 2013 | $63,300,379 | $61,222,263▲2.0% | $121,065,494▲5.6% | $161,377,706▲6.0% | 990 |
| 2012 | — | $59,998,667▲4.3% | $114,636,218▲10.3% | $152,234,759▲10.0% | 990 |
| 2011 | — | $57,516,999▲1.1% | $103,915,408▼4.0% | $138,387,983▼3.3% | 990 |
| 2010 | — | $56,897,245▲4.4% | $108,252,089▲13.5% | $143,098,580▲13.9% | 990 |
| 2009 | — | $54,523,797 | $95,351,222 | $125,619,485 | 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 (FY2024)
Highest-paid: Jay N Byers — $360,968 (0.42% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Jay N Byers | President Through 4/2025 - *deceased* | 40 | $360,968 |
| Bret Mills | Vp of Finance/business Administration, Cfo | 40 | $172,632 |
| John Woell | Academic Dean - End 09/2024 | 40 | $155,294 |
| Jared Bienenmann | Vice President - College Advancement - End 06/2025 | 40 | $147,973 |
| Leigh D Mlodzik | Vp - Enrollment | 40 | $138,566 |
| Coryanne Harrington | Academic Dean | 40 | $137,445 |
| Roger Degerman | Vp - Marketing & Strategic Communications | 40 | $136,257 |
| Christopher Goodale | Vp-sr Director - Advancement | 40 | $131,038 |
| Tracie Pavon | Asst Vp- Enrollment & Financial Aid | 40 | $112,488 |
| Mark Bell | Director - Athletics - End 12/2025 | 40 | $110,148 |
| Barbara A Miller | Trustee | 0.5 | — |
| Ben F Gaumer | Trustee | 0.5 | — |
| Bishop Kennetha Bigham-tsai | Trustee | 0.5 | — |
| Deanna Strable-soethout | Treasurer | 0.5 | — |
| Denise M Griffey | Trustee | 0.5 | — |
| D Robert Downing | Trustee | 0.5 | — |
| Elizabeth Raymond Nigut | Trustee | 0.5 | — |
| Garrett Piklapp | Trustee | 0.5 | — |
| Hank Norem | Trustee | 0.5 | — |
| Izaah Jb Knox | Trustee | 0.5 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Jones Lang Lasalle Americas Inc | Facility Management | $3,889,426 |
| Sodexo Affiliates | Food Service | $3,344,262 |
| Cbiz | Consulting | $664,639 |
| Education Advisory Board | Consulting | $517,770 |
| 10fold Architecture and Engineering | Consulting | $419,090 |
Grants received · $3.5M total
204 grants to Simpson College totaling $3.5M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Community Fdn of Greater Des Moines | Grant distribution | 2024 | $36,459 |
| Community Fdn of Greater Des Moines | Grant distribution | 2024 | $35,212 |
| American Online Giving Foundation Inc | General support | 2024 | $33,603 |
| Community Fdn of Greater Des Moines | Grant distribution for opera presentations | 2024 | $14,023 |
| Community Fdn of Greater Des Moines | Grant distribution | 2024 | $10,000 |
| Community Fdn of Greater Des Moines | Simpson annual fund. | 2024 | $10,000 |
| American Endowment Foundation | Educational | 2024 | $10,000 |
| Community Fdn of Greater Des Moines | Grant distribution | 2024 | $10,000 |
| Midway USA Foundation Inc | To fund youth shoothing sports | 2024 | $7,744 |
| American Gift Fund | Operations | 2024 | $6,000 |
| Community Fdn of Greater Des Moines | Grant distribution for scholarship assistance | 2024 | $5,508 |
| National Collegiate Athletic Association | Grants | 2023 | $42,000 |
| Donor Advised Charitable Giving | Education | 2023 | $41,608 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $38,000 |
| Community Fdn of Greater Des Moines | Grant distribution | 2023 | $33,372 |
Similar organizations in Education
Education
Coe College
Cedar Rapids, IA
$81.1M
Aannual revenue
Education
Cornell College
Mount Vernon, IA
$87.7M
Aannual revenue
Education
Wartburg College
Waverly, IA
$77.0M
Aannual revenue
Education
Northwestern College
Orange City, IA
$74.4M
Aannual revenue
Education
Morningside University
Sioux City, IA
$72.9M
Aannual revenue
Education
Dordt University Incorporated
Sioux Center, IA
$95.4M
Aannual revenue
- Education
University of Iowa Strategic Initiatives Fund
Iowa City, IA
$66.1M
Bannual revenue
Education
Grand View University
Des Moines, IA
$66.1M
Aannual revenue
- Education
St Lukes-jones Regional Medical Center
Anamosa, IA
$65.5M
A+annual revenue
Education
Palmer College Foundation
Davenport, IA
$107.2M
Aannual revenue
Compare Simpson College
Frequently asked questions
- Is Simpson College a legitimate nonprofit?
- Yes. Simpson College is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 42-0680389, based in Indianola, Iowa. Donations are tax-deductible.
- What is Simpson College's EIN?
- Simpson College's Employer Identification Number (EIN) is 42-0680389.
- How much revenue does Simpson College report?
- Simpson College reported $83,773,476 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Simpson College's spending goes to programs?
- Simpson College spends about 90% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Simpson College have?
- CharityIndex grades Simpson College A, based on program efficiency and fundraising cost.
- How much does Simpson College's highest-paid employee make?
- The highest reported compensation on Simpson College's latest Form 990 is $360,968, paid to Jay N Byers (President Through 4/2025 - *deceased*).
More nonprofits in Indianola
Explore more
Data for Simpson College (EIN 42-0680389) 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.