Muhlenberg College
- Assets
- $587.3m
- Revenue
- $171.3m
- Investments
- $106.5m
- Employees
- 1,987
- Location
- Allentown, PA
- Founding
- 12/1932
- Data as of
- 06/2021
- EIN
- 23-1352664
Organization Overview
Muhlenberg College is located in Allentown, PA. The organization was established in 1932. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Muhlenberg College employed 1,987 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Muhlenberg 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 06/2021, Muhlenberg College generated $171.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $153.5m during the year ending 06/2021. While expenses have increased by 1.9% per year over the past 6 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
MUHLENBERG AIMS TO HELP STUDENTS BECOME INDEPENDENT CRITICAL THINKERS WHO ARE INTELLECTUALLY AGILE, CHARACTERIZED BY A ZEST FOR REASONED AND CIVIL DEBATE, KNOWLEDGEABLE ABOUT THE ACHIEVEMENTS AND TRADITIONS OF DIVERSE CIVILIZATIONS AND CULTURES, ABLE TO EXPRESS IDEAS WITH CLARITY AND GRACE, COMMITTED TO LIFE-LONG LEARNING, EQUIPPED WITH ETHICAL AND CIVIC VALUES AND PREPARED FOR LIVES OF LEADERSHIP AND SERVICE.
Describe the Organization's Program Activity:
INSTRUCTION AND RESEARCH EXPENDITURES FOR APPROXIMATELY 1,900 FULL-TIME UNDERGRADUATE AND GRADUATE STUDENTS. THE COLLEGE OFFERS 40 MAJORS IN THE HUMANITIES, FINE ARTS, SOCIAL SCIENCES AND NATURAL SCIENCES, IN ADDITION TO STRONG PRE-PROFESSIONAL PROGRAMS IN SUCH AREAS AS PRE-HEALTH, PRE-LAW, PRE-THEOLOGY, BUSINESS AND EDUCATION. MUHLENBERG PROFESSORS ARE EXPERTS IN THEIR FIELDS. THEY CONDUCT CUTTING-EDGE RESEARCH, PUBLISH BOOKS AND ARTICLES, ARE QUOTED IN THE MEDIA, PRESENT AT CONFERENCES, AND WIN AWARDS. MUHLENBERG PROFESSORS ARE THE FORCE BEHIND THE COLLEGE'S UNMATCHED CONNECTIVITY. THEY DRIVE THE RICH AND REWARDING CURRICULUM, WHICH CONNECTS AND COMBINES CLASSICAL LIBERAL ARTS WITH OUTSTANDING PRE-PROFESSIONAL STUDY.
OTHER PROGRAM SERVICES: LIBRARY, DEPRECIATION, INTEREST, NON-CASH FINANCIAL AID, AMORTIZATION OF BOND SETTLEMENT COSTS (1,900 FULL-TIME UNDERGRADUATE STUDENTS). STUDENT SERVICES INCLUDING RECRUITMENT FOR ADMISSION, COUNSELING, A NATIONALLY RECOGNIZED PEER TUTORING PROGRAM, CAREER DEVELOPMENT, FINANCIAL AID ADMINISTRATION, AND STUDENT RECORD ADMINISTRATION. ALL OF THESE SERVICES CONTRIBUTE TO THE SENSE OF CONNECTIVITY EXPERIENCED BY MUHLENBERG STUDENTS WHILE INTERACTING IN THE CAMPUS COMMUNITY.
AUXILIARY SERVICES: HOUSING OF 1,265 STUDENTS; MEALS FOR APPROXIMATELY 1,160 STUDENTS; A COLLEGE BOOKSTORE FOR APPROXIMATELY 1,900 FULL-TIME STUDENTS AND 800 EMPLOYEES.
OPERATION AND MAINTENANCE OF PHYSICAL PLANT: EDUCATIONAL AND ADMINISTRATIVE BUILDINGS AND GROUNDS (98 BUILDINGS). THE BEAUTIFUL 91 ACRE CAMPUS IS HIGHLIGHTED BY GOTHIC ARCHITECTURE AND ITS SIGNATURE HISTORICAL BUILDINGS THE HAAS COLLEGE CENTER, BAKER CENTER FOR THE ARTS AND EGNER MEMORIAL CHAPEL. RECENT ADDITIONS INCLUDE A STATE OF THE ART SCIENCE BUILDING, ADDITIONS TO THE SEEGERS UNION BUILDING INCLUDING A BEAUTIFUL NEW CAMPUS RESTAURANT, AND EIGHT SPECTACULAR NEW RESIDENCE HALLS OVER THE PAST DECADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Kathleen Harring President | Officer | 40 | $372,525 |
Mr Kent Dyer Chief Business Officer And Treasurer | Officer | 40 | $232,159 |
Ms Rebekkah Kojku Vice President Of Advancement And Alumni Relations | Officer | 40 | $221,069 |
Mr John I Williams Jr Former President | 0 | $212,023 | |
Mr Bruce Anderson Provost | Officer | 40 | $173,833 |
Mr Robert Springall Vice President Of Enrollment Management | Officer | 40 | $173,833 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Dining Services Dining Services | 6/29/21 | $4,385,207 |
Collaborative Solutions Llc Software Implementation Partners | 6/29/21 | $2,500,935 |
Rca Laboratory Services Covid Testing | 6/29/21 | $495,470 |
Re Vision Architecture Architectural Services | 6/29/21 | $489,766 |
Jerdon Construction Services Construction Services | 6/29/21 | $1,040,152 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,466,664 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,689,516 |
| Noncash contributions included in lines 1a–1f | $1,955,132 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,156,180 |
| Total Program Service Revenue | $118,665,645 |
| Investment income | $14,919,589 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $13,138,682 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $183,946 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $171,294,187 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $58,032,734 |
| Grants and other assistance to Foreign Orgs/Individuals | $889,555 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,040,296 |
| Compensation of current officers, directors, key employees. | $1,317,478 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $44,138,429 |
| Pension plan accruals and contributions | $1,282,783 |
| Other employee benefits | $7,758,240 |
| Payroll taxes | $3,003,717 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $230,031 |
| Fees for services: Accounting | $87,530 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $887,574 |
| Fees for services: Other | $6,230,577 |
| Advertising and promotion | $385,822 |
| Office expenses | $3,221,737 |
| Information technology | $1,111,393 |
| Royalties | $0 |
| Occupancy | $6,895,592 |
| Travel | $301,369 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $310,692 |
| Interest | $2,484,411 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,603,683 |
| Insurance | $765,052 |
| All other expenses | $1,378,315 |
| Total functional expenses | $153,543,953 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,576,201 |
| Savings and temporary cash investments | $23,980,144 |
| Pledges and grants receivable | $13,089,672 |
| Accounts receivable, net | $1,661,714 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $128,998 |
| Inventories for sale or use | $619,155 |
| Prepaid expenses and deferred charges | $443,616 |
| Net Land, buildings, and equipment | $158,352,455 |
| Investments—publicly traded securities | $250,146,086 |
| Investments—other securities | $106,496,197 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,840,255 |
| Total assets | $587,334,493 |
| Accounts payable and accrued expenses | $12,536,685 |
| Grants payable | $0 |
| Deferred revenue | $2,194,246 |
| Tax-exempt bond liabilities | $58,957,380 |
| Escrow or custodial account liability | $588,204 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $1,374,370 |
| Other liabilities | $15,063,245 |
| Total liabilities | $90,714,130 |
| Net assets without donor restrictions | $285,359,241 |
| Net assets with donor restrictions | $211,261,122 |
| 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 | $587,334,493 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Muhlenberg College has recieved totaling $107,398.
| Awarding Organization | Amount |
|---|---|
Arthur P Schultz Trust Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $48,715 |
Amaranth Foundation Philadelphia, PA PURPOSE: GENERAL PURPOSE | $20,000 |
The Max And Bella Stein Charitable Trust Wayne, PA PURPOSE: GENERAL | $15,000 |
James And Amy Bennett Foundation Stamford, CT PURPOSE: TO SUPPORT VARISTY WRESTLING | $15,000 |
The Alfred Wolfer Education Trust C/O Pnc Bank Na Pittsburgh, PA PURPOSE: SCHOLARSHIPS | $5,683 |
Pennoni Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $2,500 |
Endowment Analysis
| Beg. Balance | $289,904,937 |
| Earnings | $68,208,002 |
| Admin Expense | $887,574 |
| Net Contributions | $2,794,853 |
| Other Expense | $10,958,932 |
| Grants | $3,080,079 |
| Ending Balance | $345,981,207 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ithaca College Ithaca, NY | $834,703,732 | $365,679,639 |
Touro University New York, NY | $558,489,117 | $321,976,604 |
Saint Josephs University Philadelphia, PA | $901,366,941 | $347,052,680 |
Colgate University Treasurers Office Hamilton, NY | $1,984,946,016 | $378,114,548 |
Oberlin College Oberlin, OH | $1,432,118,020 | $305,531,376 |
Skidmore College Saratoga Springs, NY | $987,033,808 | $268,742,242 |
Lafayette College Easton, PA | $1,381,563,896 | $228,460,340 |
Swarthmore College Swarthmore, PA | $3,573,029,000 | $364,464,007 |
Denison University Granville, OH | $1,502,847,785 | $275,909,448 |
Barnard College New York, NY | $934,956,587 | $267,817,606 |
Gettysburg College Gettysburg, PA | $570,755,194 | $196,773,554 |
Trustees Of Hamilton College Clinton, NY | $1,394,895,135 | $220,131,728 |