Williamson College Of The Trades
- Assets
- $207.9m
- Revenue
- $21.6m
- Investments
- $16.0m
- Employees
- 148
- Location
- Media, PA
- Founding
- 02/1945
- Data as of
- 06/2022
- 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 06/2022, 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 06/2022, Williamson College Of The Trades generated $21.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $12.5m during the year ending 06/2022. While expenses have increased by 5.5% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
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 THROUGH A JUDEO-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 THROUGH $687,577 IN PELL FUNDING, $9,561 IN FSEOG FUNDING, $827,714 IN FEDERAL CARES HEERF GRANT FUNDING, AND $705,596 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 |
|---|---|---|---|
Michael Rounds President | Officer | 40 | $181,894 |
Arlene A Snyder VP Advancement | 40 | $161,293 | |
Todd Zachary Provost | 40 | $130,890 | |
Nancy Catania CFO | 40 | $110,517 | |
Michelle Williams Cao | 40 | $100,749 | |
Athur J Lallo Vice Chairman | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Computer Force It Services | 6/29/22 | $1,374,076 |
Ws Cumby Construction | 6/29/22 | $1,138,036 |
Spiezel Architectural Group Inc Architectural And Consultant Services | 6/29/22 | $511,233 |
Goldhorn Electrical Construction Electrical Contractor | 6/29/22 | $336,893 |
Rc Legnini Company Contractor | 6/29/22 | $268,067 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,230,448 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,244,270 |
| Noncash contributions included in lines 1a–1f | $1,637,782 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,474,718 |
| Total Program Service Revenue | $0 |
| Investment income | $2,759,659 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $250 |
| Net Gain/Loss on Asset Sales | $7,308,899 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $5,709 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,643,146 |
| 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. | $225,017 |
| Compensation of current officers, directors, key employees. | $56,254 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,573,498 |
| Pension plan accruals and contributions | $276,520 |
| Other employee benefits | $688,779 |
| Payroll taxes | $362,804 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $500 |
| Fees for services: Accounting | $58,603 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $474,827 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $246,293 |
| Information technology | $312,034 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $31,208 |
| 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 | $1,408,848 |
| Insurance | $129,009 |
| All other expenses | $122,523 |
| Total functional expenses | $12,503,425 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,865 |
| Savings and temporary cash investments | $5,617,417 |
| Pledges and grants receivable | $3,962,811 |
| 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 | $58,798 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $42,403,452 |
| Investments—publicly traded securities | $119,486,141 |
| Investments—other securities | $16,018,315 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,386,044 |
| Total assets | $207,934,843 |
| Accounts payable and accrued expenses | $2,314,722 |
| Grants payable | $0 |
| Deferred revenue | $155,230 |
| 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 | $980,687 |
| Total liabilities | $3,450,639 |
| Net assets without donor restrictions | $60,309,545 |
| Net assets with donor restrictions | $144,174,659 |
| 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 | $207,934,843 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Williamson College Of The Trades has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Smith Foundation Downingtown, PA PURPOSE: LANDSCAPE HORTICULTURAL CONSTRUCTION PROGRAM | $10,000 |
Endowment Analysis
| Beg. Balance | $155,595,034 |
| Earnings | -$18,099,036 |
| Net Contributions | $1,515,135 |
| Other Expense | $5,474,211 |
| Ending Balance | $133,536,922 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pennsylvania College Of Health Sciences Lancaster, PA | $80,772,993 | $33,230,495 |
Ort America Inc New York, NY | $29,293,739 | $16,000,497 |
Brooklyn Excelsior Charter School Brooklyn, NY | $823,096 | $13,395,974 |
Williamson College Of The Trades Media, PA | $207,934,843 | $21,643,146 |
O S Johnson School Of Technology Scranton, PA | $30,244,832 | $14,495,079 |
Laborers District Cncl Of The Metro Area Of Philadelhia & Vicinity Exton, PA | $71,995,191 | $16,510,639 |
Philadelphia Technician Training Inc Philadelphia, PA | $9,117,106 | $11,028,900 |
Mason Tenders Training Fund Long Island City, NY | $44,024,998 | $3,801,436 |
Ohio Carpenters Joint Apprenticeship And Training Trust Columbus, OH | $9,324,678 | $6,147,861 |
Charter-Tech High School For The Performing Arts Inc Somers Point, NJ | $10,253,645 | $8,290,315 |
Coop Careers Inc New York, NY | $4,159,202 | $8,380,118 |
Meba Training Plan Baltimore, MD | $15,796,900 | $7,564,374 |