Clark Summit University
- Assets
- $9.7m
- Revenue
- $9.0m
- Investments
- $0.0
- Employees
- 418
- Location
- Clarks Summit, PA
- Founding
- 11/1940
- Data as of
- 05/2023
- EIN
- 15-0543962
Organization Overview
Clark Summit University is located in Clarks Summit, PA. The organization was established in 1940. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 05/2023, Clark Summit University employed 418 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clark Summit University is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 05/2023, Clark Summit University generated $9.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $10.8m during the year ending 05/2023. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ACCREDITED, PRIVATE CHRISTIAN ORGANIZATION PROVIDING UNDERGRADUATE, GRADUATE, AND SEMINARY DEGREE PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REVENUE FROM TUITION AND FEES PAYS FOR A RANGE OF TEACHING, MATERIALS, ADMINISTRATIVE, AND TECHNICAL EXPENSES. WITH NEARLY 1,100 STUDENTS, CLARKS SUMMIT UNIVERSITY OFFERS STUDIES FROM A ONE-YEAR BIBLE CERTIFICATE TO FULL DOCTORATE PROGRAMS. UNDERGRADUATE MAJORS RANGE FROM INTERCULTURAL YOUTH MINISTRIES AND WORSHIP PASTOR TO BUSINESS ADMINISTRATION AND TEACHER EDUCATION. THE COLLEGE AND SEMINARY STAFF INCLUDES 23 FULL-TIME FACULTY, 16 OF WHOM HOLD TERMINAL DOCTORATE DEGREES. ACCREDITATION IS PROVIDED BY BOTH THE COMMISSION ON HIGHER EDUCATION OF THE MIDDLE STATES ASSOCIATION OF COLLEGES AND SCHOOLS AND THE ASSOCIATION FOR BIBLICAL HIGHER EDUCATION. ALL DEGREES ARE APPROVED BY THE COMMONWEALTH OF PENNSYLVANIA. MORE THAN 95 PERCENT OF UNDERGRADUATE STUDENTS RECEIVE SOME FORM OF FINANCIAL AID.
AUXILIARY ENTERPRISES INCLUDE ROOM, BOARD, CAFE AND OTHER ANCILLARY FUNCTIONS OF THE INSTITUTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Lytle President | OfficerTrustee | 45 | $121,532 |
Jeff Howell Secretary | Trustee | 2 | $0 |
Dan Kallman Board Member | Trustee | 2 | $0 |
Larry Green Board Member | Trustee | 2 | $0 |
Donn Hauser Board Member | Trustee | 2 | $0 |
Kezia Curry Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aladdin Food Management Services Llc Food Service | 5/30/23 | $919,264 |
Jenkins Restorations Construction Services | 5/30/23 | $783,796 |
Direct Energy Services Utilities | 5/30/23 | $345,212 |
Integraone It Support | 5/30/23 | $154,482 |
Shared Services Health Plan Trust Health Insurance | 5/30/23 | $610,461 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $164,137 |
| All other contributions, gifts, grants, and similar amounts not included above | $982,283 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,146,420 |
| Total Program Service Revenue | $7,595,271 |
| Investment income | $110,011 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,779 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,972,089 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $392,415 |
| Compensation of current officers, directors, key employees. | $161,508 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,189,139 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,013,268 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $40,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $179,566 |
| Advertising and promotion | $258,333 |
| Office expenses | $615,024 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $337,002 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $585,819 |
| Insurance | $80,368 |
| All other expenses | $0 |
| Total functional expenses | $10,843,396 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $166,945 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $192,037 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $23,818 |
| Prepaid expenses and deferred charges | $378,090 |
| Net Land, buildings, and equipment | $7,692,415 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,226,707 |
| Total assets | $9,680,012 |
| Accounts payable and accrued expenses | $776,577 |
| Grants payable | $0 |
| Deferred revenue | $480,115 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,761,021 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $370,212 |
| Total liabilities | $6,387,925 |
| Net assets without donor restrictions | $1,076,058 |
| Net assets with donor restrictions | $2,216,029 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,680,012 |