Williamson College Of The Trades
- Assets
- $258.2m
- Revenue
- $22.4m
- Investments
- $18.1m
- Employees
- 148
- Location
- Media, PA
- Founding
- 02/1945
- Data as of
- 06/2024
- EIN
- 23-1352691
Organization Overview
Williamson College Of The Trades is located in Media, PA. The organization was established in 1945. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. As of 06/2024, Williamson College Of The Trades employed 148 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Williamson College Of The Trades 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 06/2024, Williamson College Of The Trades generated $22.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $15.5m during the year ending 06/2024. While expenses have increased by 6.8% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PREPARE DESERVING YOUNG MEN TO BE RESPECTED LEADERS AND PRODUCTIVE MEMBERS OF SOCIETY.
Describe the Organization's Program Activity:
TO ACCOMPLISH THE MISSION, WILLIAMSON PROVIDES STUDENTS WITH ACADEMIC, TRADE, TECHNICAL, MORAL AND LEADERSHIP EDUCATION WITH A CHRISTIAN PERSPECTIVE THAT FOSTERS THE VALUES OF FAITH, INTEGRITY, DILIGENCE, EXCELLENCE, AND SERVICE. THROUGH A COMPREHENSIVE FINANCIAL AID PORTFOLIO, THE TUITION, ROOM, AND BOARDING NET COST FOR ALL STUDENTS IS ZERO. PROGRAM EXPENSES ARE PARTIALLY ADDRESSED BY $1,156,821 IN PELL FUNDING, $30,377 IN FSEOG FUNDING AND $1,216,130 IN PA STATE GRANT FUNDING.EXPENSES ARE INCURRED FOR EDUCATIONAL TRAINING IN TRADE AND GENERAL EDUCATION COURSES.
BOARD, LODGING AND HEALTH SERVICE: STUDENTS ARE REQUIRED TO LIVE ON CAMPUS. MEALS, HOUSING, AND MEDICAL FACILITIES ARE PROVIDED AT THE COLLEGE'S EXPENSE. A SIGNIFICANT PORTION IS ALLOCATED TO SALARIES FOR THESE SERVICES.
ACTIVITY EXPENSES: THESE EXPENSES RELATE TO SOCIAL FUNCTIONS FOR THE STUDENTS AND ATHLETIC COSTS. COSTS ARE INCURRED FOR REFRESHMENT, ENTERTAINMENT AND ATHLETIC EQUIPMENT, SUPPLIES, AND COACHING SALARIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Hatch Vice Chairman | OfficerTrustee | 1 | $0 |
William J Bonenberger Chairman | OfficerTrustee | 20 | $0 |
John Lawton Treasurer | OfficerTrustee | 2 | $0 |
William B Strine Secretary | OfficerTrustee | 4 | $0 |
Christopher Schell Trustee | Trustee | 1 | $0 |
Vincent B Mancini Trustee | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ws Cumby Construction | 6/29/24 | $2,981,832 |
Pj Dick Inc Construction | 6/29/24 | $1,915,475 |
Computer Force It Services | 6/29/24 | $868,075 |
Spiezel Architectural Group Inc Architectural And Consultant Services | 6/29/24 | $224,748 |
Good Plumbing Heating Ac Inc Hvac | 6/29/24 | $224,424 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,403,378 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,701,979 |
| Noncash contributions included in lines 1a–1f | $405,559 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,105,357 |
| Total Program Service Revenue | $0 |
| Investment income | $3,106,260 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,200 |
| Net Gain/Loss on Asset Sales | $7,002,039 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$6,602 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,394,054 |
| 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. | $264,788 |
| Compensation of current officers, directors, key employees. | $66,197 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,602,662 |
| Pension plan accruals and contributions | $363,959 |
| Other employee benefits | $752,430 |
| Payroll taxes | $440,021 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $40,086 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $395,410 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $213,381 |
| Information technology | $391,516 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,275,180 |
| Insurance | $351,222 |
| All other expenses | $163,775 |
| Total functional expenses | $15,486,428 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,910 |
| Savings and temporary cash investments | $8,968,688 |
| Pledges and grants receivable | $6,738,343 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $75,898 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $61,696,395 |
| Investments—publicly traded securities | $145,926,746 |
| Investments—other securities | $18,063,598 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,709,588 |
| Total assets | $258,182,166 |
| Accounts payable and accrued expenses | $1,495,377 |
| Grants payable | $0 |
| Deferred revenue | $3,743 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,057,297 |
| Total liabilities | $2,556,417 |
| Net assets without donor restrictions | $83,370,940 |
| Net assets with donor restrictions | $172,254,809 |
| 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 | $258,182,166 |