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Iowa · Nonprofit

COE COLLEGE

COE COLLEGE (Iowa) receives grants from 126 organizations whose IRS filings report $14,817,097 to it, the largest being COE COLLEGE GROUP EXEMPTION ($3,173,645). 69 of them have funded it in more than one year.

Revenue FY2025
$88M
Funders on record
126
Grants received
$15M
Net assets
$142M
69/126 repeat funderspeak grant-dependency 3%
01What it does

What Coe College does

Mission

Coe College is a private, four-year co-educational liberal arts college.

As stated on its FY2025 Form 990.

Programs

  1. 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…

    $58,878,257 spentof which $45,638,364 as grants$60,981,211 earned by the program
    75% of program spending
  2. 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.

    $11,642,593 spent$1,138,383 earned by the program
    15% of program spending
  3. 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.

    $7,273,225 spent$10,658,581 earned by the program
    9% of program spending
  4. 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.

    $1,222,218 spent
    2% of program spending

The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $79,016,293.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($74M) Expenses 100 ($74M) Net assets 100 ($137M)2018 Revenue 107 ($79M) Expenses 104 ($77M) Net assets 102 ($139M)2019 Revenue 113 ($83M) Expenses 110 ($81M) Net assets 100 ($137M)2020 Revenue 112 ($83M) Expenses 113 ($84M) Net assets 99 ($135M)2021 Revenue 117 ($86M) Expenses 115 ($85M) Net assets 113 ($154M)2022 Revenue 123 ($91M) Expenses 121 ($90M) Net assets 103 ($141M)2023 Revenue 108 ($80M) Expenses 118 ($87M) Net assets 101 ($139M)2024 Revenue 110 ($81M) Expenses 120 ($89M) Net assets 101 ($137M)2025 Revenue 119 ($88M) Expenses 116 ($86M) Net assets 104 ($142M)
'17'18'19'20'21'22'23'24'25
Revenue (119)Expenses (116)Net assets (104)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $201M to $183M (−9%).

$194M
$194M
$190M
$187M
$201M
$183M
$177M
$175M
$178M
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2017 1% · 2018 1% · 2019 1% · 2020 2% · 2021 6% · 2022 6% · 2023 2% · 2024 2% · 2025 1%. Grants only. Government contracts and fees sit inside program revenue.

11% of COE COLLEGE’s revenue is contributions — about as donation-reliant as the typical peer (23% for the typical peer).

This organization
Typical peer · 4,254 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 9 reported years ran a deficit.

−$286k
’17
$1.5M
’18
$1.9M
’19
−$927k
’20
$849k
’21
$1.5M
’22
−$7.1M
’23
−$7.7M
’24
$1.7M
’25
0.9
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Board chair

Carson Veach

Chairman of the board

As listed on its FY2025 Form 990.

'17'18'19'20'21'22'23'24'25
Listed475254495352435247
Joined·+7+6+4+5+1+7+14+5
No longer listed·2491216510
03Who funds it

Who funds it, year by year

2017 → 2023: the base narrowed from 43 funders to 38 funders, grant income fell $2.1M → $1.5M.

23 of 126 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 30% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of COE COLLEGE’s funders (the co-funder graph). Top 30 of 126 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

COE COLLEGE has a broad base — no single funder exceeds 21% of grant income, and it takes 3 funders to reach half.

the vertical line marks half of all grant income — 3 funders to its left

58% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund COE COLLEGE.

21%
largest funder
51%
top three
~10
effective funders

Largest funder’s share by year: 2017 44% · 2018 24% · 2019 21% · 2020 21% · 2021 28% · 2022 21% · 2023 25% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

36% of COE COLLEGE's funders are still giving 3 years after their first grant; 55% give in more than one year at all.

first grant+1y+2y+3y+4y+5y+6y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

72% of COE COLLEGE's grant income comes from Iowa funders.

MN
IL
WI
NY
IA
IN
OH
PA
NJ
CT
CA
CO
NE
MO
DE
AZ
KS
NC
DC
GA
TX
FL

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
Iowa out of state home

Funder states come from each funder’s own filing. $4.5M arriving through sponsors registered in 18 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

COE COLLEGE's revenue grew 19% between 2017 and 2025.

Operating margin2% · below the median
Months of reserve0.9mo · bottom quartile
Revenue growth (annualized)2% · bottom quartile

this organization peer median middle 50% of peers· 3,794 education nonprofits $10M–$100M, FY2025

Government funding COE COLLEGE receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $15.8M on record.

Federal$15.8M
grants $15.8Mcontracts $0
17
18
19
20
21
22
23
24
25
Top agencies
  • Department of Education$10.7M
  • National Science Foundation$3.5M
  • Department of Energy$1.3M
  • National Aeronautics and Space Administration$225k

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

Organizations like COE COLLEGE

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Iowa

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

92% of spending goes to programs.

Program 92%Management 7%Fundraising 1%

Governance

36
board members
92%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

73%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 14 states

NH
WA
MN
MI
NY
MA
NV
IA
OH
CO
MD
SC
DC
AL

Part of a family of 4 related entities

  • K Raymond Clark Charitable Trust · exempt
  • K Raymond Clark Athletic Facilities Trust · exempt
  • K Raymond Clark Alumni Center Trust · exempt
  • K Raymond Clark Racquet Center Trust · exempt

Screen this organization

A dated, signed PDF of the compliance screen for COE COLLEGE: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds COE COLLEGE?
COE COLLEGE (Iowa) receives grants from 126 organizations whose IRS filings report $14,817,097 to it, the largest being COE COLLEGE GROUP EXEMPTION ($3,173,645). 69 of them have funded it in more than one year.
How many funders does COE COLLEGE have?
IRS filings report 126 organizations giving $14,817,097 in grants to COE COLLEGE, 69 of which have funded it in more than one year.
Who is the largest funder of COE COLLEGE?
COE COLLEGE GROUP EXEMPTION is the largest funder on record, with $3,173,645 in grants. The full list of funders is on this page.
How can an organization like COE COLLEGE find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Iowa. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Coe College →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 126 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing