Muhlenberg College
- Assets
- $556.7m
- Revenue
- $176.1m
- Investments
- $107.9m
- Employees
- 1,850
- Location
- Allentown, PA
- Founding
- 12/1932
- Data as of
- 06/2022
- 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 06/2022, Muhlenberg College employed 1,850 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 06/2022, Muhlenberg College generated $176.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $161.4m during the year ending 06/2022. While expenses have increased by 2.4% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
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 2,063 FULL-TIME UNDERGRADUATE 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 (2,063 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 1,750 STUDENTS; MEALS FOR APPROXIMATELY 1,625 STUDENTS; AND A BOOKSTORE FOR APPROXIMATELY 2,063 STUDENTS AND 808 EMPLOYEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard C Crist Jr Chairman | OfficerTrustee | 4 | $0 |
Richard P Romeo Secretary | OfficerTrustee | 4 | $0 |
Lance Bruck First Chair | OfficerTrustee | 2 | $0 |
Sandra L Smith Bodnyk Vice Chair At Large | OfficerTrustee | 2 | $0 |
Beth Adderly Donaldson Second Vice Chair | OfficerTrustee | 2 | $0 |
Douglas J Peebles Third Vice Chair | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rca Laboratory Services Llc Covid Testing | 6/29/22 | $1,386,385 |
Sodexo Dining Services Dining Services | 6/29/22 | $5,574,768 |
Collaborative Solutions Llc Workday Student Implemenation Partner | 6/29/22 | $1,212,651 |
Level 5 Events Campaign Consultant | 6/29/22 | $697,234 |
Vault Medical Services Pa Corp Covid Testing | 6/29/22 | $213,134 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,354,755 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,811,242 |
| Noncash contributions included in lines 1a–1f | $2,686,563 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,165,997 |
| Total Program Service Revenue | $131,608,463 |
| Investment income | $6,366,068 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $19,383,447 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $307,086 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $176,101,982 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $61,701,948 |
| Grants and other assistance to Foreign Orgs/Individuals | $867,095 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,213,635 |
| Compensation of current officers, directors, key employees. | $243,366 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $40,860,764 |
| Pension plan accruals and contributions | $1,506,269 |
| Other employee benefits | $8,620,702 |
| Payroll taxes | $3,165,082 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $259,176 |
| Fees for services: Accounting | $81,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,000,643 |
| Fees for services: Other | $5,351,040 |
| Advertising and promotion | $688,940 |
| Office expenses | $2,855,183 |
| Information technology | $70,783 |
| Royalties | $7,500 |
| Occupancy | $9,700,141 |
| Travel | $821,297 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $214,035 |
| Interest | $2,581,820 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,520,985 |
| Insurance | $976,974 |
| All other expenses | $2,426,672 |
| Total functional expenses | $161,439,294 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,169,297 |
| Savings and temporary cash investments | $35,192,783 |
| Pledges and grants receivable | $13,027,379 |
| Accounts receivable, net | $1,614,531 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $575,200 |
| Prepaid expenses and deferred charges | $577,475 |
| Net Land, buildings, and equipment | $160,892,293 |
| Investments—publicly traded securities | $214,429,877 |
| Investments—other securities | $107,910,437 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,276,261 |
| Total assets | $556,665,533 |
| Accounts payable and accrued expenses | $9,925,079 |
| Grants payable | $0 |
| Deferred revenue | $1,629,905 |
| Tax-exempt bond liabilities | $68,552,364 |
| Escrow or custodial account liability | $518,208 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,193,900 |
| Total liabilities | $90,819,456 |
| Net assets without donor restrictions | $264,350,252 |
| Net assets with donor restrictions | $201,495,825 |
| 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 | $556,665,533 |