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The College, like all 503(c) (tax-exempt not-for profit) organizations in the United States, must file a Form 990 each year. On this form is reported major spending and revenue data such as the amount spent that on legal fees, revenue from investments, value of land holdings, the salary of the President and other officers, and a wealth of other information.
Form 990s for all 503(c)s are available at GuideStar.com. The past several years' forms are also archived on Willipedia:
As an example of the type of information found on the Form 990s, consider the President's annual salary and benefits.
The large benefit payout for Payne in 1999 was associated with his abrupt departure from the College.