Cedar Crest College
- Assets
- $102.6m
- Revenue
- $63.2m
- Investments
- $7.8m
- Employees
- 485
- Location
- Allentown, PA
- Founding
- 04/1947
- Data as of
- 06/2022
- EIN
- 23-1365953
Organization Overview
Cedar Crest College is located in Allentown, PA. The organization was established in 1947. 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, Cedar Crest College employed 485 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cedar Crest 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, Cedar Crest College generated $63.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $56.0m during the year ending 06/2022. While expenses have increased by 3.7% 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
LIBERAL ARTS COLLEGE PRIMARILY FOR WOMEN DEDICATED TO EDUCATING THE NEXT GENERATION OF LEADERS.
Describe the Organization's Program Activity:
THE COLLEGE CAMPUS, WITH 19 PRIMARY BUILDINGS, IS LOCATED IN THE WESTERN RESIDENTIAL SECTION OF THE CITY OF ALLENTOWN, PENNSYLVANIA IN THE LEHIGH VALLEY, WHICH HAS A COMBINED POPULATION OF APPROXIMATELY 820,000. THE COLLEGE IS WITHIN 55 MILES OF PHILADELPHIA AND 90 MILES OF NEW YORK CITY. THE COLLEGE SERVES APPROXIMATELY 1,400 STUDENTS AND HAS A 10:1 STUDENT-FACULTY RATIO. THE COLLEGE IS ACCREDITED BY THE MIDDLE STATES COMMISSION ON HIGHER EDUCATION.THE VISION OF A WOMEN'S COLLEGE IN ALLENTOWN, PENNSYLVANIA, CAME FIRST THROUGH THE FATHERS OF THE UNITED CHURCH OF CHRIST, WHO, IN 1867, ESTABLISHED A PROGRAM FOR THEIR DAUGHTERS TO ACHIEVE EDUCATION BEYOND HIGH SCHOOL. THE VISION WAS THEN SUPPORTED MORE THAN 100 YEARS LATER WHEN THE COLLEGE ALUMNAE CAME FORWARD WITH PASSION AND MIGHT TO DERAIL A POTENTIAL MERGER WITH A CO-ED COLLEGE.CEDAR CREST HAS BEEN A PLACE WHERE STUDENTS DEVELOP LEADERSHIP SKILLS. THROUGH ACADEMIC COURSES, STUDENT-LIFE PROGRAMMING, ATHLETICS, ACTIVITIES, AND PRE-PROFESSIONAL PRACTICES, THE COLLEGE HAS BEEN A PLACE TO GROW STUDENTS INTO LEADERS. THE WOMEN'S COLLEGE STATUS HAS ENSURED THAT STUDENTS HAVE MORE LEADERSHIP OPPORTUNITIES, MORE OF A CHANCE TO TRULY PRACTICE LEADERSHIP, AND A GREATER EXPECTATION OF LEADING PLACED UPON THEM BY FACULTY AND STAFF. IT HAS BEEN LEADERSHIP BY ABSORPTION IN SOME WAYS, AND IT HAS BEEN SUCCESSFUL. THE COLLEGE REMAINS PASSIONATE ABOUT ITS MISSION AND IS FOCUSED ON ITS FUTURE. IN THE FALL OF 2021, THE COLLEGE LAUNCED ITS NEWEST DOCTORAL PROGRAM IN OCCUPATIONAL THERAPY. THIS PROGRAM IS THE FIRST PROGRAM IN THE LEHIGH VALLEY AND ENROLLED STUDENTS FROM ACROSS THE COUNTRY. OUTFITTED WITH STATE-OF-THE-ART SIMULATION THROUGH AN ANATOMAGE TABLE, NEW PEDIATRIC AND LIFE SKILLS LABORATORIES ONSITE, THE STUDENTS IN THIS PROGRAM WILL ALSO RECEIVE CLINICAL EXPERIENCES THROUGHOUT THE REGION. INVESTMENT OF RESOURCES IN INSTRUCTION AND STUDENT SERVICES REMAIN A HIGH PRIORITY FOR THE COLLEGE. SIGNIFICANT INVESTMENTS IN THE COLLEGES INFRASTRUCTURE AND EQUIPMENT WILL ALLOW IT TO DELIVER QUALITY AND MISSION-BASED PROGRAMS TO ITS STUDENTS AT EACH FACET OF THEIR EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Elizabeth Meade President | OfficerTrustee | 40 | $300,751 |
Audra Kahr Cfo/coo/treasurer | Officer | 40 | $179,970 |
Robert Wilson Provost | Officer | 40 | $148,297 |
Wendy Robb Dean Of The School Of Nursing | 40 | $140,330 | |
Erika Davis VP Enrollment Management | Officer | 40 | $140,275 |
Valerie Downing VP Institutional Advancement | Officer | 40 | $139,716 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Parkhurst Dining Services Food Service | 6/29/22 | $1,748,262 |
Schoenen Marketing Llc Marketing | 6/29/22 | $386,789 |
Healthworks Health Services | 6/29/22 | $326,810 |
Jenzabar Inc Software And Support | 6/29/22 | $277,111 |
Ht Lyons Inc General Contracting Services | 6/29/22 | $440,708 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $136,980 |
| Related organizations | $0 |
| Government grants | $6,480,193 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,148,525 |
| Noncash contributions included in lines 1a–1f | $207,878 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,765,698 |
| Total Program Service Revenue | $45,494,485 |
| Investment income | $756,481 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $65,269 |
| Net Rental Income | $187,848 |
| Net Gain/Loss on Asset Sales | $4,522,508 |
| Net Income from Fundraising Events | -$1,036 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $63,166,378 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $19,913,055 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,230,723 |
| Compensation of current officers, directors, key employees. | $631,833 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,183,462 |
| Pension plan accruals and contributions | $521,024 |
| Other employee benefits | $2,192,832 |
| Payroll taxes | $1,160,270 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $41,469 |
| Fees for services: Accounting | $70,401 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $244,951 |
| Fees for services: Other | $1,132,693 |
| Advertising and promotion | $668,407 |
| Office expenses | $2,187,608 |
| Information technology | $201,325 |
| Royalties | $0 |
| Occupancy | $1,627,457 |
| Travel | $863,008 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $72,350 |
| Interest | $438,443 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,890,827 |
| Insurance | $388,722 |
| All other expenses | $298,135 |
| Total functional expenses | $55,972,798 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,000 |
| Savings and temporary cash investments | $8,160,684 |
| Pledges and grants receivable | $1,370,703 |
| Accounts receivable, net | $4,335,844 |
| 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 | $400,482 |
| Net Land, buildings, and equipment | $31,997,913 |
| Investments—publicly traded securities | $33,487,889 |
| Investments—other securities | $7,796,792 |
| Investments—program-related | $2,076,571 |
| Intangible assets | $0 |
| Other assets | $12,994,105 |
| Total assets | $102,627,983 |
| Accounts payable and accrued expenses | $1,130,753 |
| Grants payable | $0 |
| Deferred revenue | $1,876,411 |
| Tax-exempt bond liabilities | $17,018,123 |
| 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 | $4,577,618 |
| Total liabilities | $24,602,905 |
| Net assets without donor restrictions | $34,072,533 |
| Net assets with donor restrictions | $43,952,545 |
| 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 | $102,627,983 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Cedar Crest College has recieved totaling $11,958.
| Awarding Organization | Amount |
|---|---|
The Alfred Wolfer Education Trust C/O Pnc Bank Na Pittsburgh, PA PURPOSE: SCHOLARSHIPS | $5,683 |
Rotberg-Comen-Bray Foundation Potomac, MD PURPOSE: GENERAL | $2,500 |
Rotberg-Comens-Booth Foundation Potomac, MD PURPOSE: GENERAL | $2,500 |
M Verna Butterer Educational Trust Fountainville, PA PURPOSE: SCHOLARSHIP PORTIONOF AWARD FOR EDUCATION | $1,275 |
Endowment Analysis
| Beg. Balance | $42,076,762 |
| Earnings | -$6,231,367 |
| Admin Expense | $244,950 |
| Net Contributions | $659,032 |
| Other Expense | $305,992 |
| Grants | $1,489,434 |
| Ending Balance | $34,464,051 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nazareth College Of Rochester Rochester, NY | $299,176,817 | $122,635,159 |
Goucher College Baltimore, MD | $394,278,148 | $93,748,228 |
Cooper Union For The Advancement Of Science And Art New York, NY | $1,192,737,106 | $135,635,048 |
Ohio Wesleyan University Delaware, OH | $522,945,081 | $119,149,215 |
St Francis College Brooklyn, NY | $411,618,421 | $89,705,791 |
Utica University Utica, NY | $156,931,603 | $105,142,781 |
College Of Mount Saint Vincent Riverdale, NY | $139,449,317 | $110,010,056 |
Lebanon Valley College Annville, PA | $214,348,628 | $104,612,783 |
Seton Hill University Greensburg, PA | $189,465,294 | $99,847,300 |
Wittenberg College Board Of Directors Springfield, OH | $198,135,859 | $89,178,248 |
Juniata College Huntingdon, PA | $246,892,473 | $100,031,718 |
Washington And Jefferson College Washington, PA | $317,857,588 | $82,152,318 |