Houghton College in Houghton, New York (NY)

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Houghton College
Employer Identification Number (EIN)160743045
Name of OrganizationHoughton College
In Care of NameShirley Mullen Pres
Address1 Willard Ave, Houghton, NY 14744-8732
ActivitiesBooster club, School, college, trade school, etc.
SubsectionReligious Organization
Ruling Date05/1970
DeductibilityContributions are not deductible
FoundationChurch
OrganizationAssociation
Exempt Organization StatusUnconditional Exemption
Tax Period05/2014
Assets$50,000,000 to greater
Income$10,000,000 to $49,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$105,728,657
Amount of Income$42,192,369
Form 990 Revenue Amount$41,620,314
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Undergraduate College (4-year)


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Amount of income in 2014: $42,192,369 (it was $50,722,783 in 2013)
Houghton College: 

 $42,192,369
Other organizations performing similar types of work: 

 $8,229,403

Assets in 2014: $105,728,657 (it was $101,928,707 in 2013)
Houghton College: 

 $105,728,657
Other organizations performing similar types of work: 

 $12,246,556

Expenses in 2013: $43,490,148
This organization: 

 $43,490,148
Other organizations performing similar types of work: 

 $7,670,587

Income to expenses ratio in 2013: 1.0
This organization: 

 1.0
Other organizations performing similar types of work: 

 1.1

Number of employees in 2013: 1,565
This organization: 

 1,565
Other organizations performing similar types of work: 

 234

Employees paid over $100,000 in 2013: 0.4%
This organization: 

 0.4%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2013: 24.8%
Houghton College: 

 24.8%
Other organizations performing similar types of work: 

 27.4%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Checklist
20122013
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?YesYes
Is the organization required to complete Schedule B, Schedule of Contributors?YesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoNo
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?YesYes
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?YesYes
Did the organization report an amount for land, buildings, and equipment?YesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?YesYes
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?YesYes
Did the organization report an amount for other liabilities?YesYes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?YesYes
Did the organization obtain separate, independent audited financial statements for the tax year?NoNo
Was the organization included in consolidated, independent audited financial statements for the tax year?YesYes
Is the organization a school described in section 170(b)(1)(A)(ii)?YesYes
Did the organization maintain an office, employees, or agents outside of the United States?YesYes
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?YesYes
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?YesYes
Did the organization report more than $15,000 total of fundraising event gross income and contributions?NoNo
Did the organization report more than $15,000 of gross income from gaming activities?NoNo
Did the organization operate one or more hospital facilities?NoNo
Did the organization attach a copy of its audited financial statements?NoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?YesYes
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?YesYes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?NoNo
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoNo
A family member of a current or former officer, director, trustee, or key employee?NoNo
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?NoNo
Did the organization receive more than $25,000 in non-cash contributions?YesYes
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?NoNo
Was the organization related to any tax-exempt or taxable entity?YesYes
Did the organization have a controlled entity within the meaning of section 512(b)(13)?YesYes
Did the organization make any transfers to an exempt non-charitable related organization?NoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNo
Statements Regarding Other IRS Filings and Tax Compliance
201120122013
The number reported in Box 3 of Form 10961,9231,747
The number of Forms W-2G00
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?YesYes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return1,6401,565
Did the organization file all required federal employment tax returns?YesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?YesYesYes
Has it filed a Form 990-T for this year?YesYes
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?YesYes
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNo
Did the organization file Form 8886-T?NoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?NoNo
Did the organization notify the donor of the value of the goods or services provided?NoNo
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNo
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities $0$0$0
Gross income from members or shareholders$0$0$0
Gross income from other sources$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNo
The amount of tax-exempt interest received or accrued during the year$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0
The amount of reserves on hand$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNo
Has it filed a Form 720 to report these payments?NoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
20122013
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$507,297$291,577
Total reportable compensation from related organizations$94,374$97,743
Total estimated amount of other compensation from the organization and related organizations$78,252$60,086
Total number of individuals who received more than $100,000 of reportable compensation from the organization41
Total number of independent contractors who received more than $100,000 of compensation from the organization125
Statement of Revenue
201120122013
Total revenue$45,178,164$50,391,895$50,722,783
Contributions, Gifts, Grants and Other Similar Amounts$4,820,794$10,727,932$12,555,100
Program Service Revenue$38,034,704$38,269,715$36,406,303
611600$30,416,553$28,727,904
Educational Support Services$7,853,162$7,678,399
All other program service revenue$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$644,321$707,390$864,449
Income from investment of tax-exempt bond proceeds$0$0$0
Royalties$0$0$0
Net rental income$0$0$0
Net gain/loss from sales of assets other than inventory$1,013,519$-227,435$4,871
Gross amount from sales of assets other than inventory (Securities / Other)$0 / $1,835,400$0 / $280,919$0 / $4,871
Less: cost or other basis and sales expenses (Securities / Other)$0 / $821,881$0 / $508,354$0 / $0
Gain or (loss) (Securities / Other)$0 / $1,013,519$0 / $-227,435$0 / $4,871
Net income/loss from fundraising events$0$0$0
Net income/loss from gaming activities$0$0$0
Net income/loss from sales of inventory$232,580$225,246$238,056
Gross sales of inventory, less returns and allowances$849,937$806,753$740,482
Less: cost of goods sold$617,357$581,507$502,426
Miscellaneous Revenue$432,246$689,047$654,004
Educational Support Services$689,047$654,004
All other revenue$0$0
Statement of Functional Expenses
201120122013
Total functional expenses$45,334,816$45,499,656$43,490,148
Grants and other assistance to domestic organizations and domestic governments$0$0
Grants and other assistance to domestic individuals$12,508,699$12,228,911
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0
Benefits paid to or for members$0$0
Compensation of current officers, directors, trustees, and key employees$262,316$205,766$374,679
Compensation not included above, to disqualified persons$0$0
Other salaries and wages$13,954,181$14,219,310$11,737,727
Pension plan accruals and contributions$152,099$212,521
Other employee benefits$3,567,005$2,952,531
Payroll taxes$924,355$909,765$790,091
Fees for services (non-employees)
Management$0$0
Legal$192,007$32,881
Accounting$44,700$68,958
Lobbying$0$0
Professional fundraising services$0$0$38,494
Investment management fees$0$0
Other$862,484$2,330,461
Advertising and promotion$285,871$413,925
Office expenses$1,244,857$1,463,392
Information technology$381,197$327,342
Royalties$833$836
Occupancy$2,225,755$1,850,751
Travel$1,064,675$1,196,367
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0
Conferences, conventions, and meetings$140,637$141,606
Interest$1,136,175$1,031,367
Payments to affiliates$41,797$25,660
Depreciation, depletion, and amortization$2,511,875$2,399,202
Insurance$171,787$182,153
Other expenses$1,877,759$2,049,902
Other expenses$957,985$973,935
Other expenses$610,148$486,077
Other expenses$186,470$180,379
Balance Sheet
201120122013
Total assets$89,895,931$90,582,578$101,928,707
Cash - non-interest-bearing$5,892,005$5,754,883
Savings and temporary cash investments$0$0
Pledges and grants receivable, net$961,020$473,969
Accounts receivable, net$1,849,911$1,500,132
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0
Notes and loans receivable, net$2,246,277$2,226,410
Inventories for sale or use$251,748$257,711
Prepaid expenses and deferred charges$489,855$411,130
Land, buildings, and equipment: cost or other basis$30,862,374$31,710,498
Investments - publicly traded securities$28,917,683$43,428,780
Investments - other securities$14,185,820$10,558,732
Investments - program-related$215,726$174,823
Intangible assets$0$0
Other assets$4,710,159$5,431,639
Total liabilities$30,671,482$29,364,568$28,103,979
Accounts payable and accrued expenses$3,445,290$2,851,342
Grants payable$120,000$90,000
Deferred revenue$979,075$838,414
Tax-exempt bond liabilities$11,167,278$0$0
Escrow or custodial account liability$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0
Secured mortgages and notes payable to unrelated third parties$887,498$83,600$33,917
Unsecured notes and loans payable to unrelated third parties$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$24,736,603$24,290,306
Total net assets or fund balances$59,224,449$61,218,010$73,824,728
Unrestricted net assets$15,219,441$15,188,726
Temporarily restricted net assets$12,265,396$24,480,824
Permanently restricted net assets$33,733,173$34,155,178
Capital stock or trust principal, or current funds$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:A school described in section 170(b)(1)(A)(ii)
Number of organizations supported0
Sum of amounts of support$0
Unrelated Trade or Business Income (for 2009)
IncomeExpensesNet
Total$53,848$0$53,848
Gross receipts or sales less returns and allowances$79,205$0$0
Cost of goods sold$28,459$0$0
Gross profit$50,746$0$50,746
Capital gain net income$0$0$0
Net gain$0$0$0
Capital loss deduction for trusts$0$0$0
Income (loss) from partnerships and S corporations$3,102$0$3,102
Rent income$0$0$0
Unrelated debt-financed income$0$0$0
Interest, annuities, royalties, and rents from controlled organizations$0$0$0
Investment income of a section 501(c)(7), (9), or (17) organization$0$0$0
Exploited exempt activity income$0$0$0
Advertising income$0$0$0
Other income$0$0$0
Deductions Not Taken Elsewhere (for 2009)
Total deductions$65,867
Compensation of officers, directors, and trustees$0
Salaries and wages$20,313
Repairs and maintenance$1,463
Bad debts$0
Interest$0
Taxes and licenses$0
Charitable contributions$0
Depreciation$0
Depletion$0
Contributions to deferred compensation plans$0
Employee benefit programs$0
Excess exempt expenses$0
Excess readership costs$0
Other deductions$44,091
Unrelated business taxable income$12,019
Unrelated business taxable income before net operating loss deduction$12,019
Net operating loss deduction$0
Unrelated business taxable income before specific deduction$112,019
Specific deduction$1,000
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Colgate University Treasurers Office, Office Of Accounting & Control13 Oak Dr, Hamilton, NY 13346-1338NY1954-06$458,675,149
2Indiana Wesleyan University4201 South Washington Street, Marion, IN 46953-4974IN1970-05$257,965,758
3Excelsior College7 Columbia Cir, Albany, NY 12203-5156NY1998-07$92,964,056
4Upper Iowa UniversityPO BOX 1857, Fayette, IA 52142-1857IA1955-08$69,965,588
5Wesley College Inc120 N State St, Dover, DE 19901-3835DE1957-04$47,933,171
6Houghton College1 Willard Ave, Houghton, NY 14744-8732NY1970-05$42,192,369
7Spalding University824 S 4th St, Louisville, KY 40203-2116KY1974-03$42,022,359
8Washington Adventist University Inc7600 Flower Ave, Takoma Park, MD 20912-7744MD1942-06$41,304,187
9Metropolitan College Of New York75 Varick St Fl 14, New York, NY 10013-1917NY1965-09$33,645,551
10Corban University5000 Deer Park Dr Se, Salem, OR 97317-9392OR1956-06$32,563,333
11Rosemont College Of The Holy Child Jesus1400 Montgomery Ave, Rosemont, PA 19010-1631PA1946-03$30,664,438
12Kings College52 Broadway 5th Fl, New York, NY 10004-1603NY1965-05$30,376,212
13Sojourner-Douglass College500 N Caroline Street, Baltimore, MD 21205-1802MD1975-11$28,987,549
14Tennessee Wesleyan College204 E College St, Athens, TN 37303-3604TN1940-06$28,366,641
15Unity College90 Quaker Hill Rd, Unity, ME 04988-3712ME1966-01$26,924,019
16University Of Saint Mary4100 S 4th St, Leavenworth, KS 66048-5082KS1946-03$26,717,300
17Franklin University Switzerland Inc91 Broadhollow Rd, Melville, NY 11747-2503NY1971-12$25,545,354
18Sterling College125 W Cooper St, Sterling, KS 67579-1533KS1934-03$21,540,612
19Voorhees College213 Wiggins Road, Denmark, SC 29042SC1946-07$21,497,510
20Boricua College3755 Broadway, New York, NY 10032-1560NY1976-01$12,248,082
Number of organizations performing similar types of work
Alabama4
Arkansas1
Arizona3
California10
Colorado2
Connecticut1
District of Columbia1
Delaware1
Florida5
Georgia2
Hawaii2
Iowa3
Idaho3
Illinois5
Indiana7
Kansas7
Kentucky2
Massachusetts3
Maryland3
Maine1
Michigan6
Minnesota2
Missouri5
Mississippi4
Montana1
North Carolina7
Nebraska2
New Jersey2
New Mexico1
New York7
Ohio6
Oklahoma2
Oregon1
Pennsylvania4
South Carolina5
South Dakota4
Tennessee8
Texas5
Virginia4
Vermont4
Washington4
West Virginia1
International1
Total152
20 biggest affiliated organizations
AffiliationNameAddressStateEstablishedTotal Income
SubordinateOklahoma Wesleyan University2201 Silver Lake Rd, Bartlesville, OK 74006-6233OK1970-05$23,668,645
SubordinateHephzibah Ministries Inc6601 Zebulon Rd, Macon, GA 31220-7606GA1970-05$3,835,031
CentralWesleyan Church Corporation13300 Olio Road, Fishers, IN 46037-7685IN1970-05$0
SubordinateIndiana Wesleyan University4201 South Washington Street, Marion, IN 46953-4974IN1970-05$257,965,758
SubordinateHoughton College1 Willard Ave, Houghton, NY 14744-8732NY1970-05$42,192,369
SubordinateWesleyan Retirement Center Inc4201 S Washington Street, Marion, IN 46953-4974IN1979-08$4,159,289
SubordinateCentro Misionero Shalem6676 Walker Ave, Bell, CA 90201-2825CA1970-05$52,954
SubordinateChurch Of The Jordan A Wesleyan Church, Phillip Spriggs Mbr2563 Se Springtree Pl, Stuart, FL 34997-8577FL1970-05$2,747
SubordinateBrinker Heights Wesleyan Church1203 E Bradford St, Marion, IN 46952-3038IN1970-05$0
SubordinateWesleyan Investment Foundation IncPO BOX 7250, Fishers, IN 46038-7250IN1970-05$0
SubordinateWesleyan Church Corp750 South 6th Street, Frankfort, IN 46041IN1970-05$0
SubordinateAlcance San Dimas822 Alford St, Glendora, CA 91740-4902CA1970-05$0
SubordinateAll Nations Wesleyan Community Church3840 Kensington Rd, Decatur, GA 30032-1708GA$0
SubordinateAbilene Wesleyan Church216 Ne 4th St, Abilene, KS 67410-2512KS1970-05$0
SubordinateA Place Of Hope Community1909 Kirkwood Dr, Durham, NC 27705-2147NC1970-05$0
SubordinateAll Nations Worship Center454 Deep Ravine Ct, Winston Salem, NC 27103-6083NC1970-05$0
SubordinateAfton Wesleyan Church2940 Old State Route 32, Batavia, OH 45103-3310OH1970-05$0
SubordinateAbbs Valley Wesleyan Church7682 Abbs Valley Rd, Bluefield, VA 24605-8793VA1970-05$0
SubordinateAiken Summit Wesleyan Church6647 Axton Rd, Axton, VA 24054-3601VA1970-05$0
SubordinateAbundant Life Christian Center9204 11th Ave Nw, Seattle, WA 98117-2227WA$0
Number of affiliated organizations
Alaska3
Alabama10
Arkansas9
Arizona15
California104
Colorado20
Connecticut3
District of Columbia1
Delaware15
Florida46
Georgia34
Hawaii1
Iowa17
Idaho2
Illinois17
Indiana121
Kansas33
Kentucky26
Louisiana3
Massachusetts2
Maryland28
Maine5
Michigan91
Minnesota12
Missouri18
Mississippi3
Montana7
North Carolina108
North Dakota4
Nebraska8
New Jersey14
New Mexico1
Nevada2
New York75
Ohio68
Oklahoma12
Oregon12
Pennsylvania55
South Carolina53
South Dakota25
Tennessee21
Texas16
Utah2
Virginia50
Vermont4
Washington6
Wisconsin21
West Virginia24
Wyoming3
International4
Total1,234

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