Lebanon Valley College
- Assets
- $236.9m
- Revenue
- $122.2m
- Investments
- $11.5m
- Employees
- 1,490
- Location
- Annville, PA
- Founding
- 10/1942
- Data as of
- 06/2022
- EIN
- 23-1352354
Organization Overview
Lebanon Valley College is located in Annville, PA. The organization was established in 1942. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2022, Lebanon Valley College employed 1,490 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lebanon Valley College 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 06/2022, Lebanon Valley College generated $122.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $111.1m during the year ending 06/2022. While expenses have increased by 3.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2013, Lebanon Valley College has awarded 20 individual grants totaling $529,100. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES EDUCATIONAL SERVICES AT THE UNDERGRADUATE AND GRADUATE LEVEL.
Describe the Organization's Program Activity:
LEBANON VALLEY COLLEGE, FOUNDED IN 1866, OFFERS BACHELOR'S DEGREES IN MORE THAN 45 MAJORS; MASTER'S DEGREES IN ACCOUNTING (MBA 3+1), APPLIED KINESIOLOGY, ATHLETIC TRAINING, BUSINESS ADMINISTRATION, CLINICAL EXERCISE PHYSIOLOGY, CLINICAL MENTAL HEALTH COUNSELING, EDUCATION, INTELLIGENCE AND SECURITY STUDIES, MUSIC EDUCATION, SCHOOL COUNSELING, SCIENCE IN STEM EDUCATION, SPEECH-LANGUAGE PATHOLOGY, AND SPORT PERFORMANCE; A DOCTORAL DEGREE IN PHYSICAL THERAPY; ACT 48 CONTINUING EDUCATION FOR EDUCATOR CREDITS; AND CERTIFICATES IN COMPREHENSIVE CURRICULUM & ASSESSMENT FOR PREK-12, HEALTHCARE MANAGEMENT, INTEGRATIVE STEM EDUCATION, LEADERSHIP & ETHICS, MARKETING, MODERN BAND, ONLINE TEACHING & LEARNING, PROJECT MANAGEMENT, SOCIAL, EMOTIONAL, & BEHAVIORAL WELLNESS, SPORT ENHANCEMENT, SUPPLY CHAIN MANAGEMENT & LOGISTICS, AND TRAUMA-INFORMED COUNSELING.LOCATED EIGHT MILES FROM HERSHEY, PENNSYLVANIA, THIS COLLEGE OF 1,600 UNDERGRADUATE AND 400+ GRADUATE STUDENTS PRODUCES ALUMNI WHO ATTEND PRESTIGIOUS GRADUATE AND PROFESSIONAL SCHOOLS AND ARE EMPLOYED BY TOP COMPANIES AND SCHOOL DISTRICTS.THIRTY-TWO PERCENT OF OUR STUDENTS ARE FIRST GENERATION (40% OF FIRST-YEAR CLASS), 21% OF FALL 2022 FIRST-YEAR STUDENTS WERE PELL-ELIGIBLE, AND 100% OF THE FALL 2021 INCOMING CLASS RECEIVED GRANT OR SCHOLARSHIP AID FROM LVC. MORE THAN 35% OF OUR STUDENTS PARTICIPATE ON OUR 27 NCAA DIVISION III ATHLETIC TEAMS OR ESPORTS TEAMS, AND OUR STUDENTS VOLUNTEER MORE THAN 20,000 HOURS OF COMMUNITY SERVICE DURING THE ACADEMIC YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tracey A Stover Chair | OfficerTrustee | 1 | $0 |
Richard E Harper Vice Chair | OfficerTrustee | 1 | $0 |
Kristen R Angstadt Vice Chair | OfficerTrustee | 1 | $0 |
Joseph F Rilatt Vice Chair | OfficerTrustee | 1 | $0 |
James Maclaren President | OfficerTrustee | 40 | $354,765 |
Elizabeth R Unger Assistant Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Arthur Funk & Sons Inc Construction Services | 6/29/22 | $1,405,412 |
Metz Culinary Management Food Services | 6/29/22 | $3,954,427 |
James Craft & Son Inc Maintenance Services | 6/29/22 | $500,730 |
Pyramid Construction Services Llc Construction Services | 6/29/22 | $932,029 |
Noelker And Hull Associates Inc Architect Services | 6/29/22 | $492,027 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $8,119 |
| Membership dues | $0 |
| Fundraising events | $91,608 |
| Related organizations | $0 |
| Government grants | $7,035,188 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,221,030 |
| Noncash contributions included in lines 1a–1f | $1,963,681 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,355,945 |
| Total Program Service Revenue | $100,434,434 |
| Investment income | $1,404,522 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $55,401 |
| Net Gain/Loss on Asset Sales | $3,448,899 |
| Net Income from Fundraising Events | -$4,119 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $122,220,198 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $76,650 |
| Grants and other assistance to domestic individuals. | $53,247,092 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,292,690 |
| Compensation of current officers, directors, key employees. | $482,175 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $23,225,392 |
| Pension plan accruals and contributions | $1,685,858 |
| Other employee benefits | $4,527,176 |
| Payroll taxes | $1,785,171 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $137,862 |
| Fees for services: Accounting | $114,455 |
| Fees for services: Lobbying | $33,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $244,991 |
| Fees for services: Other | $5,367,141 |
| Advertising and promotion | $1,192,015 |
| Office expenses | $2,402,938 |
| Information technology | $69,791 |
| Royalties | $0 |
| Occupancy | $1,667,186 |
| Travel | $782,291 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $889,109 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,753,949 |
| Insurance | $807,330 |
| All other expenses | $466,758 |
| Total functional expenses | $111,059,125 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,000 |
| Savings and temporary cash investments | $23,855,968 |
| Pledges and grants receivable | $12,149,903 |
| Accounts receivable, net | $7,102,066 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $20,386 |
| Prepaid expenses and deferred charges | $1,477,799 |
| Net Land, buildings, and equipment | $100,953,330 |
| Investments—publicly traded securities | $72,697,388 |
| Investments—other securities | $11,497,259 |
| Investments—program-related | $958,781 |
| Intangible assets | $0 |
| Other assets | $6,176,881 |
| Total assets | $236,893,761 |
| Accounts payable and accrued expenses | $8,575,223 |
| Grants payable | $0 |
| Deferred revenue | $68,797 |
| Tax-exempt bond liabilities | $39,859,408 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $38,005 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,980,222 |
| Total liabilities | $51,521,655 |
| Net assets without donor restrictions | $104,514,730 |
| Net assets with donor restrictions | $80,857,376 |
| 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 | $236,893,761 |
Grants Awarded
Over the last fiscal year, Lebanon Valley College has awarded $73,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ANNVILLE TOWNSHIP PURPOSE: UNRESTRICTED CONTRIBUTION TO SUPPORT THE TOWNSHIP | $50,000 |
ANNVILLE-CLEONA SCHOOL DISTRICT PURPOSE: UNRESTRICTED CONTRIBUTION TO SUPPORT THE SCHOOL DISTRICT | $23,000 |