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Nonprofit · EIN 42-0686467

COE COLLEGE

Tax-exempt · CEDAR RAPIDS, IA 52402

Financials

$80M$87.2M2022$81.1M$88.8M2023$87.6M$85.9M2024
Revenue Expenses · by fiscal year end
Financials of COE COLLEGE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$87,571,508$85,862,997$1,708,511$178,054,819$36,094,327$141,960,492
June 30, 2024990$81,137,344$88,843,089-$7,705,745$174,724,219$37,331,043$137,393,176
June 30, 2023990$80,028,857$87,154,998-$7,126,141$176,739,069$38,103,938$138,635,131
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$9,679,889
of which government grants
$1,302,643
Program service revenue
$72,778,175
Investment income
$5,103,781
Net gain from sales of assets
$1,133,353
Net income from fundraising events
$9,663
Other revenue
$9,663

Expenses

Grants and similar amounts paid
$45,638,364
Compensation of officers, directors and key employees
$837,537
Other salaries and wages
$16,075,196
Salaries, compensation and benefits (total)
$20,333,996
Professional fundraising fees
$0
Legal fees
$59,928
Accounting fees
$159,942
Occupancy
$2,474,120
Travel
$747,305
Depreciation
$3,134,691
Program services (functional)
$79,016,293
Management and general (functional)
$6,338,552
Fundraising (functional)
$508,152

Balance sheet and other

Total assets, start of year
$174,724,219
Total assets, end of year
$178,054,819
Total liabilities, end of year
$36,094,327
Net assets, end of year
$141,960,492
Land, buildings and equipment
$69,362,260
Publicly traded securities
$60,548,326
Net assets without donor restrictions
$46,493,784
Net assets with donor restrictions
$95,466,708
Gross receipts
$127,310,402
Employees
1,199
Volunteers
533
Year formed
1881
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 June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
DAVID HAYESPRESIDENT
Trustee or director, Officer
40$292,725$40,054
JULIE STAKERVP FOR ENROLLMENT, MKTG, & INST.
Officer
40$197,471$53,201
ANGELA ZISKOWSKIPROVOST & DEAN OF FACULTY
Officer
40$171,134$20,089
MARIO AFFATIGATOPROFESSOR OF PHYSICS AND ASST.
Highest-paid employee
40$154,510$9,658
JOSHUA KITEASSISTANT VP FOR ENROLLMENT
Highest-paid employee
40$132,163$20,835
KAYT CONRADVP OF FINANCE & ADMIN
Officer
40$134,032$3,910
STEVEN FELLERPROFESSOR OF PHYSICS
Highest-paid employee
40$128,268$2,011
CAIO BRAGATTO THROUGH 1224ASSI. PRO OF ENGINEERING
Highest-paid employee
40$111,268$8,786
BARBARA TUPPERASSOCIATE VP OF DEVELOPMENT
Highest-paid employee
40$108,461$2,804
JEFFREY RUMMELCONTROLLER
Officer
40$77,056$72
CARLY VANDER VELDENASSISTANT CONTROLLER
Officer
40$68,056$8,684
KIM PRIBYL - ASST TO THEPRESIDENT & ASST SECRETARY
Officer
40$51,111$16,872
CARSON VEACHCHAIRMAN OF THE BOARD
Trustee or director, Officer
1$0$0
SIGI REYNOLDSVICE CHAIR
Trustee or director, Officer
1$0$0
CURT MENEFEE2ND VICE CHAIR
Trustee or director, Officer
1$0$0
32 more people on this return
NameTitleHours / weekCompensation
KRISTIN LENZSECRETARY
Trustee or director, Officer
1$0
BOLA GEORGETRUSTEE
Trustee or director
1$0
BRETT RULETRUSTEE
Trustee or director
1$0
CRAIG STRUVETRUSTEE
Trustee or director
1$0
DAVID GEHRINGTRUSTEE
Trustee or director
1$0
DENNIS GREENSPONTRUSTEE
Trustee or director
1$0
ED WALSHTRUSTEE
Trustee or director
1$0
GENE HENDERSONTRUSTEE
Trustee or director
1$0
HANK TAYLORTRUSTEE
Trustee or director
1$0
JON REINERTRUSTEE
Trustee or director
1$0
JULIE JOHNSON MCLEANTRUSTEE
Trustee or director
1$0
KEN GOLDERTRUSTEE
Trustee or director
1$0
KENT HERINKTRUSTEE
Trustee or director
1$0
KEVIN BUCKNERTRUSTEE
Trustee or director
1$0
KRISTIN STROHMTRUSTEE
Trustee or director
1$0
LARRY SHRYOCKTRUSTEE
Trustee or director
1$0
LAUREN GILBERTSONTRUSTEE
Trustee or director
1$0
MARY JEANNE KROBTRUSTEE
Trustee or director
1$0
MARY JORGENSONTRUSTEE
Trustee or director
1$0
OKPARA RICETRUSTEE
Trustee or director
1$0
PAUL MEYERTRUSTEE
Trustee or director
1$0
PETER BIRKEYTRUSTEE
Trustee or director
1$0
PAT STEELETRUSTEE
Trustee or director
1$0
SAM FREITAGTRUSTEE
Trustee or director
1$0
SARAH HEMMING-MEYERTRUSTEE
Trustee or director
1$0
SHION KABASELETRUSTEE
Trustee or director
1$0
SHIRLEY HUGHESTRUSTEE
Trustee or director
1$0
STEPHANIE KROGERTRUSTEE
Trustee or director
1$0
STEVEN KLINETRUSTEE
Trustee or director
1$0
SUMIT NIJHAWANTRUSTEE
Trustee or director
1$0
TIM SAGERSTRUSTEE
Trustee or director
1$0
WALE ADEOSUNTRUSTEE
Trustee or director
1$0
990 for the year ended June 30, 2024: 52 people
NameTitleHours / weekCompensationOther / benefits
DAVID HAYESPRESIDENT
Trustee or director, Officer
40$349,275$35,733
JULIE STAKERVP FOR ENROLLMENT, MKTG, & INST.
Officer
40$185,418$69,639
CHANTEL OLUFSON LEPAVP OF ADVANCEMENT (THROUGH 06/2024)
Highest-paid employee
40$168,374$12,582
ANGELA ZISKOWSKIPROVOST & DEAN OF FACULTY
Officer
40$158,500$19,618
MARIO AFFATIGATOPROFESSOR OF PHYSICS AND ASST.
Highest-paid employee
40$148,102$11,932
JOSHUA KITEASSISTANT VP FOR ENROLLMENT
Highest-paid employee
40$132,301$19,168
STEVEN FELLERPROFESSOR OF PHYSICS
Highest-paid employee
40$134,109$5,470
MARTIN ST CLAIRFORMER PROFESSOR OF CHEMISTRY
Former
40$108,046$8,702
KAYT CONRADVP OF FINANCE & ADMIN
Officer
40$92,367$2,989
EVANS KENIESEDEAN OF STUDENTS (THROUGH 08/2024)
Officer
40$68,921$4,258
KIM PRIBYL - ASST TO THEPRESIDENT & ASST SECRETARY
Officer
40$51,058$12,307
CARSON VEACHCHAIRMAN OF THE BOARD
Trustee or director, Officer
1$0$0
SIGI REYNOLDSVICE CHAIR
Trustee or director, Officer
1$0$0
CURT MENEFEE2ND VICE CHAIR
Trustee or director, Officer
1$0$0
KRISTIN LENZSECRETARY
Trustee or director, Officer
1$0$0
DAVE CARSONTREASURER
Trustee or director, Officer
1$0$0
BOLA GEORGETRUSTEE
Trustee or director
1$0$0
BRETT RULETRUSTEE
Trustee or director
1$0$0
CHRISTINE GALLOWAYTRUSTEE
Trustee or director
1$0$0
CRAIG STRUVETRUSTEE
Trustee or director
1$0$0
DAVE LUSSONTRUSTEE
Trustee or director
1$0$0
DAVID GEHRINGTRUSTEE
Trustee or director
1$0$0
DENNIS GREENSPONTRUSTEE
Trustee or director
1$0$0
DOUG EDENTRUSTEE
Trustee or director
1$0$0
ED WALSHTRUSTEE
Trustee or director
1$0$0
GENE HENDERSONTRUSTEE
Trustee or director
1$0$0
HANK TAYLORTRUSTEE
Trustee or director
1$0$0
JON REINERTRUSTEE
Trustee or director
1$0$0
JULIE JOHNSON MCLEANTRUSTEE
Trustee or director
1$0$0
KEN GOLDERTRUSTEE
Trustee or director
1$0$0
KENT HERINKTRUSTEE
Trustee or director
1$0$0
KEVIN BUCKNERTRUSTEE
Trustee or director
1$0$0
KRISTIN STROHMTRUSTEE
Trustee or director
1$0$0
LARRY SHRYOCKTRUSTEE
Trustee or director
1$0$0
LAUREN GILBERTSONTRUSTEE
Trustee or director
1$0$0
MARY JEANNE KROBTRUSTEE
Trustee or director
1$0$0
MARY JORGENSONTRUSTEE
Trustee or director
1$0$0
OKPARA RICETRUSTEE
Trustee or director
1$0$0
PAUL MEYERTRUSTEE
Trustee or director
1$0$0
PETER BIRKEYTRUSTEE
Trustee or director
1$0$0
ROBERT CHIUSANOTRUSTEE
Trustee or director
1$0$0
SAM FREITAGTRUSTEE
Trustee or director
1$0$0
SARAH HEMMING-MEYERTRUSTEE
Trustee or director
1$0$0
SHION KABASELETRUSTEE
Trustee or director
1$0$0
SHIRLEY HUGHESTRUSTEE
Trustee or director
1$0$0
STEPHANIE KROGERTRUSTEE
Trustee or director
1$0$0
STEVEN CAVESTRUSTEE
Trustee or director
1$0$0
STEVEN KLINETRUSTEE
Trustee or director
1$0$0
SUMIT NIJHAWANTRUSTEE
Trustee or director
1$0$0
TIM SAGERSTRUSTEE
Trustee or director
1$0$0
WALE ADEOSUNTRUSTEE
Trustee or director
1$0$0
WILLIAM SCHALKTRUSTEE
Trustee or director
1$0$0
990 for the year ended June 30, 2023: 43 people
NameTitleHours / weekCompensationOther / benefits
DAVID MCINALLYCHANCELLOR
Officer
40$683,767$12,918
DAVID HAYESPRESIDENT
Trustee or director, Officer
40$354,663$48,138
JULIE STAKERVP FOR ENROLLMENT, MKTG, & INST.
Officer
40$170,279$65,706
MARIO AFFATIGATOPROFESSOR OF PHYSICS AND ASST.
Highest-paid employee
40$151,352$39,805
STEVEN FELLERPROFESSOR OF PHYSICS
Highest-paid employee
40$140,745$7,140
JOSHUA KITEASSISTANT VP FOR ENROLLMENT
Highest-paid employee
40$132,084$14,543
ANGELA CALHOUNINTERIM VP OF FINANCE & ADMIN
Officer
40$131,701$10,674
ANGELA ZISKOWSKIPROVOST & DEAN OF FACULTY
Officer
40$119,426$11,235
BARBARA TUPPERASSOCIATE VP FOR ADVANCEMENT
Highest-paid employee
40$107,400$6,980
CARSTENS PAMPROFESSOR OF BUSINESS ADMINISTRATION
Highest-paid employee
40$105,917$7,732
EVANS KENIESEDEAN OF STUDENTS
Officer
40$99,556$1,171
KIM PRIBYL - ASST TO THEPRESIDENT & ASST SECRETARY
Officer
40$51,815$6,121
CARSON VEACHCHAIRMAN OF THE BOARD
Trustee or director, Officer
1$0$0
SIGI REYNOLDSVICE CHAIR
Trustee or director, Officer
1$0$0
CURT MENEFEE2ND VICE CHAIR
Trustee or director, Officer
1$0$0
KRISTIN LENZSECRETARY
Trustee or director, Officer
1$0$0
WALE ADEOSUNTRUSTEE
Trustee or director
1$0$0
PETER BIRKEYTRUSTEE
Trustee or director
1$0$0
DAVID GEHRINGTRUSTEE
Trustee or director
1$0$0
DENNIS GREENSPOONTRUSTEE
Trustee or director
1$0$0
MARY JORGENSONTRUSTEE
Trustee or director
1$0$0
DAVE LUSSONTRUSTEE
Trustee or director
1$0$0
PAUL MEYERTRUSTEE
Trustee or director
1$0$0
HANK TAYLORTRUSTEE
Trustee or director
1$0$0
DAVE CARSONTRUSTEE
Trustee or director
1$0$0
CHRIS GALLOWAYTRUSTEE
Trustee or director
1$0$0
KEN GOLDERTRUSTEE
Trustee or director
1$0$0
GENE HENDERSONTRUSTEE
Trustee or director
1$0$0
SARAH HEMMING-MEYERTRUSTEE
Trustee or director
1$0$0
SHIRLEY HUGHESTRUSTEE
Trustee or director
1$0$0
STEVE KLINETRUSTEE
Trustee or director
1$0$0
JULIE JOHNSON MCLEANTRUSTEE
Trustee or director
1$0$0
SUMIT NIJHAWANTRUSTEE
Trustee or director
1$0$0
KRISTIN STROHMTRUSTEE
Trustee or director
1$0$0
CRAIG STRUVETRUSTEE
Trustee or director
1$0$0
ED WALSHTRUSTEE
Trustee or director
1$0$0
KEVIN BUCKNERTRUSTEE
Trustee or director
1$0$0
SAM FREITAGTRUSTEE
Trustee or director
1$0$0
BRETT RULETRUSTEE
Trustee or director
1$0$0
LARRY SHRYOCKTRUSTEE
Trustee or director
1$0$0
TIM SAGERSTRUSTEE
Trustee or director
1$0$0
KENT HERINKTRUSTEE
Trustee or director
1$0$0
MARY JEANNE KROBTRUSTEE
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
1220 1ST AVE NE, CEDAR RAPIDS, IA 52402-5008
Principal officer (990 for 2024)
DAVID HAYES, 1220 FIRST AVENUE NE, CEDAR RAPIDS, IA 52402
Signed the 990
JAMES CHOATE, VP FOR FINANCE & ADMIN.
Phone
(319) 399-8643
Return prepared by
BAKER TILLY ADVISORY GROUP LP

Mission

SEE SCHEDULE O.

990 for the year ended June 30, 2025

Program accomplishments

  • INSTRUCTION - COE COLLEGE IS A SELECTIVE, PRIVATE AND NATIONALLY RECOGNIZED FOUR-YEAR COEDUCATIONAL LIBERAL ARTS INSTITUTION, PROVIDING SUPERIOR EDUCATIONAL EXPERIENCES FOR STUDENTS SINCE 1851. TO EACH OF ITS MORE THAN 1,200 STUDENTS, THE INSTITUTION OFFERS THE ADVANTAGES OF A SMALL COLLEGE THAT IS DEDICATED TO ACADEMIC EXCELLENCE. STUDENT-FACULTY RATIOS ARE LOW AT 11 TO 1, THE AVERAGE CLASS SIZE IS 17, AND 95% OF FULL-TIME FACULTY MEMBERS HAVE EARNED THE HIGHEST DEGREE IN THEIR RESPECTIVE FIELDS. STUDENTS CAN THUS RECEIVE A LEVEL OF PERSONALIZED ATTENTION THAT HAS ALMOST DISAPPEARED ELSEWHERE IN MODERN ACADEMIA. THE CAMPUS PRESENTS AN INVITING ENVIRONMENT TO STUDENTS BOTH INSIDE AND OUTSIDE THE CLASSROOM, OFFERING A VARIETY OF OPPORTUNITIES FOR GROWTH AND PERSONAL ENRICHMENT IN THE MANY INTELLECTUAL, ATHLETIC AND SERVICE PURSUITS AVAILABLE.COE IS RECOGNIZED AS ONE OF THE FINEST LIBERAL ARTS COLLEGES IN THE COUNTRY BY A VARIETY OF WIDELY RESPECTED COLLEGE RANKING PUBLICATIONS THAT WEIGH ACADEMIC QUALITY AND STUDENT SELECTIVITY. COE COLLEGE ENJOYS BOTH AN EXCELLENT REGIONAL REPUTATION AND NATIONAL RECOGNITION FOR THE STRENGTH OF ITS PROGRAMS. THROUGH CAREFUL PLANNING, SELECTIVE USE OF RESOURCES, AND THE EFFORTS OF A DEDICATED FACULTY AND STAFF, COE HAS NOT ONLY MAINTAINED BUT STRENGTHENED ITS POSITION AMONG LIBERAL ARTS COLLEGES IN THE MIDWEST.
    Expenses $58,878,257 · grants $45,638,364 · revenue $60,981,211
  • STUDENT 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.
    Expenses $11,642,593 · revenue $1,138,383
  • 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.
    Expenses $7,273,225 · revenue $10,658,581
  • LIBRARY PROGRAM SERVICES IS THE ONLY OTHER PROGRAM SERVICE NOT IDENTIFIED SEPARATELY IN PART III LINES 4A-4C. LIBRARY SERVICES INCLUDES ALL ACCOMPANYING COSTS ASSOCIATED WITH OPERATING AND MAINTAINING THE CAMPUS LIBRARY AND ASSOCIATED SERVICES.
    Expenses $1,222,218

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 June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
42-0686467
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
School
Donations deductible (Pub 78)
Group exemption
Exempt since
2013
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B42)
Group exemption
5944 (5 member organizations)
Assets (IRS master file)
$178,054,819
Income (IRS master file)
$127,310,402

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$87,571,508$85,862,997$178,054,819IRS
990June 2024$81,137,344$88,843,089$174,724,219IRS
990June 2023$80,028,857$87,154,998$176,739,069XML
990-TJune 2023–––IRS
990June 2022$91,175,984$89,682,818$182,564,776IRS
990-TJune 2022–––IRS
990June 2021–––IRS
990-TJune 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 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 42-0686467).

Questions about COE COLLEGE

What is the EIN of COE COLLEGE?
The employer identification number (EIN) of COE COLLEGE is 42-0686467.
Is COE COLLEGE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
Are donations to COE COLLEGE tax-deductible?
Yes. It is listed in IRS Publication 78 (Group exemption).
Which annual return does COE 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 COE COLLEGE due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did COE COLLEGE last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of COE COLLEGE?
The 990 for the year ended June 30, 2025 names DAVID HAYES.
Who are the officers and directors of COE COLLEGE?
The 990 for the year ended June 30, 2025 lists 47 people; 12 received compensation from the organization, the highest $292,725 (DAVID HAYES, PRESIDENT).
How much revenue does COE COLLEGE have?
On its 990 for the year ended June 30, 2025 it reported revenue of $87,571,508, expenses of $85,862,997 and total assets of $178,054,819 at year end.

Organizations in its group exemption (5)

  • COE COLLEGE
    EIN 80-0957275 · CEDAR RAPIDS, IA · last filed 990 for 2025

Other nonprofits in CEDAR RAPIDS

All nonprofits in CEDAR RAPIDS · Iowa · Education