Gratz College
- Assets
- $9.1m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 141
- Location
- Melrose Park, PA
- Founding
- 11/1959
- Data as of
- 08/2023
- EIN
- 23-1352642
Organization Overview
Gratz College is located in Melrose Park, PA. The organization was established in 1959. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 08/2023, Gratz College employed 141 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gratz 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 08/2023, Gratz College generated $4.3m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $4.3m during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 8 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arthur J Wolak PHD Board Member | Trustee | 1 | $0 |
Ben Stein Treasurer | OfficerTrustee | 1 | $0 |
David Brawer Board Member | Trustee | 1 | $0 |
David Gordon Board Member | Trustee | 1 | $0 |
David H Weinstein ESQ Board Chair Emeritus | OfficerTrustee | 1 | $0 |
Jonathan Levin Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $116,889 |
| Related organizations | $0 |
| Government grants | $47,147 |
| All other contributions, gifts, grants, and similar amounts not included above | $692,026 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $856,062 |
| Total Program Service Revenue | $3,258,141 |
| Investment income | $141,556 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $37,729 |
| Net Gain/Loss on Asset Sales | -$40,114 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,253,374 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $197,345 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $474,229 |
| Other salaries and wages | $2,094,955 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $233,756 |
| Payroll taxes | $188,570 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $39,943 |
| Fees for services: Accounting | $60,173 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $42,500 |
| Fees for services: Other | $252,014 |
| Advertising and promotion | $34,923 |
| Office expenses | $54,843 |
| Information technology | $528 |
| 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 | $24,132 |
| Interest | $98,957 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $192,170 |
| All other expenses | $64,185 |
| Total functional expenses | $4,275,062 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,100 |
| Savings and temporary cash investments | $681,026 |
| Pledges and grants receivable | $281,326 |
| Accounts receivable, net | $229,970 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $118,188 |
| Net Land, buildings, and equipment | $1,565,295 |
| Investments—publicly traded securities | $6,101,666 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $146,619 |
| Total assets | $9,125,190 |
| Accounts payable and accrued expenses | $127,893 |
| Grants payable | $0 |
| Deferred revenue | $198,900 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $200,000 |
| Secured mortgages and notes payable | $1,188,556 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $88,431 |
| Total liabilities | $1,803,780 |
| Net assets without donor restrictions | $973,967 |
| Net assets with donor restrictions | $6,347,443 |
| 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 | $9,125,190 |