Mennonite Board Of Educationand Colleges & Seminaries in Goshen, Indiana (IN)

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Mennonite Board Of Educationand Colleges & Seminaries
Employer Identification Number (EIN)231583641
Name of OrganizationMennonite Board Of Educationand Colleges & Seminaries
AddressGoshen, IN 46528
Tax Period2001
Asset Amount$205,738,364
Amount of Income$59,151,668
Form 990 Revenue Amount$59,151,668
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Higher Education Institutions


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Amount of income in 2001: $59,151,668
This organization: 

 $59,151,668
Other organizations performing similar types of work: 

 $15,095,865

Assets in 2001: $205,738,364
Mennonite Board Of Educationand Colleges & Seminaries: 

 $205,738,364
Other organizations performing similar types of work: 

 $19,642,267

Expenses in 2001: $58,939,954
This organization: 

 $58,939,954
Other organizations performing similar types of work: 

 $11,737,001

Income to expenses ratio in 2001: 1.0
Mennonite Board Of Educationand Colleges & Seminaries: 

 1.0
Other organizations performing similar types of work: 

 1.2

Expenses allocated to program services in 2001: 79.6%
Mennonite Board Of Educationand Colleges & Seminaries: 

 79.6%
Other organizations performing similar types of work: 

 82.5%

Number of employees in 2001: 1,107
Mennonite Board Of Educationand Colleges & Seminaries: 

 1,107
Other organizations performing similar types of work: 

 219

Employees paid over $50,000 in 2001: 7.1%
Mennonite Board Of Educationand Colleges & Seminaries: 

 7.1%
Other organizations performing similar types of work: 

 17.0%

Grants share in income in 2001: 52.6%
Mennonite Board Of Educationand Colleges & Seminaries: 

 52.6%
Other organizations performing similar types of work: 

 8.3%

Financial snapshot ($)

Revenue for 2001

Assets at end of 2001

Expenses for 2001

Functional Expenses for 2001 ($)

Income-Producing Activities for 2001

Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001
Total revenue$35,623,555$59,151,668
Contributions, gifts, grants, and similar amounts received$15,422,680$31,100,691
Contributions to donor advised funds
Direct public support$15,422,680$31,100,691
Indirect public support$0$0
Government contributions (grants)$0$0
Program service revenue including government fees and contracts$33,616,071$35,335,385
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$11,088,732$6,887,546
Dividends and interest from securities$0$0
Net rental income or (loss)$0$0
Gross rents$0$0
Less: rental expenses$0$0
Other investment income$-24,613,812$-14,343,668
Gain or (loss) from sales of assets other than inventory$0$0
Gross amount from sales of assets other than inventory$0$0
Less: cost or other basis and sales expenses$0$0
Net income or (loss) from special events and activities$0$0
Gross revenue$0$0
Less: direct expenses other than fundraising expenses$0$0
Gross profit or (loss) from sales of inventory$0$0
Gross sales of inventory, less returns and allowances$0$0
Less: cost of goods sold$0$0
Other revenue$109,884$171,714
Total expenses$54,194,114$58,939,954
Program services$42,585,317$46,897,840
Management and general$8,149,623$8,432,882
Fundraising$3,459,174$3,609,232
Payments to affiliates$0$0
Net assets or fund balances at end of year$205,526,650$205,738,364
Excess or (deficit) for the year$-18,570,559$211,714
Net assets or fund balances at beginning of year$218,621,132$205,526,650
Other changes in net assets or fund balances$5,476,077$0
Statement of Functional Expenses (for 2001)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$58,939,954$46,897,840$8,432,882$3,609,232
Grants paid from donor advised funds
Other grants and allocations$214,081
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$839,470$104,289$733,181$2,000
Compensation of former officers, directors, key employees, etc.
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Salaries and wages of employees not included above$25,838,876$20,929,428$3,262,772$1,646,676
Pension plan contributions not included above$1,253,414$941,236$246,552$65,626
Employee benefits not included above$3,532,303$2,756,375$525,038$250,890
Payroll taxes$1,979,641$1,550,987$302,683$125,971
Professional fundraising fees$233,309$0$40,000$193,309
Accounting fees$126,367$18,495$107,872$0
Legal fees$63,611$19,040$44,557$14
Supplies$1,548,253$1,248,047$242,798$57,408
Telephone$246,199$122,615$104,099$19,485
Postage and shipping$388,388$239,255$79,177$69,956
Occupancy$927,278$844,809$77,812$4,657
Equipment rental and maintenance$942,693$665,803$273,378$3,512
Printing and publications$733,912$493,988$158,515$81,409
Travel$1,942,828$1,565,788$199,155$177,885
Conferences, conventions, and meetings$79,397$52,177$24,720$2,500
Interest$495,298$250,825$244,473$0
Depreciation, depletion, etc.$3,909,935$3,618,784$230,843$60,308
Other expenses not covered above$13,644,701$11,261,818$1,535,257$847,626
Balance Sheets
20002001
Total assets$256,874,098$276,888,994
Cash - non-interest-bearing$3,126,637$3,093,760
Savings and temporary cash investments$0$0
Accounts receivable less allowance for doubtful accounts$9,924,812$9,944,097
Pledges receivable less allowance for doubtful accounts$15,479,587$16,428,367
Grants receivable$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Other notes and loans receivable less allowance for doubtful accounts$0$0
Inventories for sale or use$0$0
Prepaid expenses and deferred charges$829,300$1,096,018
Investments - publicly-traded securities
Investments - other securities$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0
Investments - other$151,153,186$159,684,040
Land, buildings, and equipment less accumulated depreciation$76,194,276$86,642,712
Other assets, including program-related investments$166,300$0
Total liabilities$51,347,448$71,150,630
Accounts payable and accrued expenses$5,363,376$3,495,656
Grants payable$0$0
Deferred revenue$8,427,348$8,741,396
Loans from officers, directors, trustees, and key employees$0$0
Tax-exempt bond liabilities$3,505,000$22,000,000
Mortgages and other notes payable$0$0
Other liabilities$34,051,724$36,913,578
Total liabilities and net assets/fund balances$256,874,098$276,888,994
Total net assets or fund balances$205,526,650$205,738,364
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001
Total revenue$0$0
Total revenue, gains, and other support per audited financial statements$0$0
Other expenses$0$0
Net unrealized gains on investments$0$0
Donated services and use of facilities$0$0
Recoveries of prior year grants$0$0
Other$0$0
Other revenue$0$0
Investment expenses$0$0
Other$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001
Total expenses$0$0
Total expenses and losses per audited financial statements$0$0
Other revenue$0$0
Donated services and use of facilities$0$0
Prior year adjustments$0$0
Losses$0$0
Other$0$0
Other expenses$0$0
Investment expenses$0$0
Other$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings0
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?
Does the organization have a written conflict of interest policy?
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?Yes
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 20061,107
Analysis of Income-Producing Activities (for 2001)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$171,714$-7,456,122$35,335,385
Program service revenue
Program service revenue 1000000$000$0$25,589,033
Program service revenue 2000000$000$0$7,590,433
Program service revenue 3000000$000$0$2,155,919
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$6,887,546$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$-14,343,668$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenueAdministrative and support services$171,71400$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2001)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2001)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$69,755$12,339$0
$67,313$6,759$0
$67,313$6,753$0
$66,066$2,991$0
$65,482$10,434$0
Total number of other employees paid over $50,00074
Statements About Activities (for 2001)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
The total number of donor advised funds owned at the end of the tax year
The aggregate value of assets held in all donor advised funds owned at the end of the tax year
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts
The aggregate value of assets held in all funds or accounts included above at the end of the tax year
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isSchool
Support Schedule
19992000
Total$0$0
Gifts, grants, and contributions received$0$0
Membership fees received$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0
Net income from unrelated business activities not included above$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0
Other income$0$0
Lobbying Expenditures by Electing Public Charities (for 2001)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
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2Art Institute Of Chicago111 S Michigan Ave, Chicago, IL 60603-6110IL1925-08$322,753,936
3Concordia College Corporation901 8th St S, Moorhead, MN 56562-0001MN1988-04$131,672,602
4Otis College Of Art And Design9045 Lincoln Blvd, Los Angeles, CA 90045-3505CA1979-11$99,461,387
5Institute For The International Education Of Students, The Northern Trust Company33 W Monroe St Ste 2300, Chicago, IL 60603-5405IL1960-11$90,168,783
6New England Institute Of Technology1 New England Tech Blvd, E Greenwich, RI 02818-1258RI1970-03$83,106,474
7Institute For Shipboard Education2410 Old Ivy Road, Charlottesville, VA 22903-5084VA1977-11$66,078,186
8Mennonite Board Of Educationand Colleges & SeminariesGoshen, IN 46528IN$59,151,668
9Monterey Institute Of International Studies460 Pierce St, Monterey, CA 93940-2658CA1957-05$39,268,000
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11San Francisco Art Institute800 Chestnut St, San Francisco, CA 94133-2206CA1926-10$35,614,312
12Southern California Institute Of Architecture960 E 3rd St, Los Angeles, CA 90013-1822CA1974-01$23,745,661
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17Farrwest Theological Research Seminary College, Farrwest Theological Research Seminary Farrwest Theological Research Seminary405 South 22nd Street 405 South 22nd Street, Richmond, CA 94804CA2006-10$0
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Number of organizations performing similar types of work
Arizona1
California11
Florida2
Georgia1
Illinois3
Indiana1
Kansas1
Massachusetts3
Minnesota3
Missouri2
New Hampshire1
New York6
Ohio1
Oregon2
Pennsylvania2
Rhode Island2
Tennessee2
Texas1
Utah1
Virginia3
Total49

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