Cedar Crest College
- Assets
- $102.6m
- Revenue
- $63.2m
- Investments
- $7.8m
- Employees
- 491
- 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 06/2023, Cedar Crest College employed 491 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
990
Mission & Program ActivityExcerpts From the 990 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:
Part 3 - Line 4a
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 9:1 STUDENT-FACULTY RATIO. THE COLLEGE IS ACCREDITED BY THE MIDDLE STATES COMMISSION ON HIGHER EDUCATION.A WOMEN'S COLLEGE IN ALLENTOWN, PENNSYLVANIA, WAS FIRST ENVISIONED BY THE FATHERS OF THE UNITED CHURCH OF CHRIST, WHO, IN 1867, ESTABLISHED A PROGRAM FOR THEIR DAUGHTERS TO ACHIEVE EDUCATION BEYOND HIGH SCHOOL. MORE THAN 150 YEARS LATER, CEDAR CREST REMAINS PRIMARILY A WOMEN'S COLLEGE DEDICATED TO THE EDUCATION OF THE NEXT GENERATION OF LEADERS. THROUGH ACADEMIC COURSES, STUDENT-LIFE PROGRAMMING, ATHLETICS, ACTIVITIES, AND PRE-PROFESSIONAL PRACTICES, THE COLLEGE EMPOWERS STUDENTS TO MEET THE NEEDS OF THE FUTURE, PURSUE VARIED INTERESTS, INSPIRE PROGRESSIVE THINKING , AND CONTRIBUTE TO THE GLOBAL COMMUNITY.THE COLLEGE IS FOCUSED ON STUDENT SUCCESS, ENGAGEMENT, AND INNOVATIVE EDUCATIONAL OFFERINGS. THE COLLEGE'S LATEST INNOVATIVE OFFERING INCLUDES A MASTER OF PUBLIC HEALTH (MPH) DEGREE, WHICH WAS APPROVED FOR FALL 2024 ENROLLMENT. THE MPH WAS DESIGNED BY THE COLLEGE'S DEPARTMENT OF HEALTH SERVICES AND SUPPORTED BY THE NUTRITION DEPARTMENT. THIS 42-CREDIT ONLINE DEGREE PROGRAM IS DESIGNED TO INCLUDE SERVICE LEARNING, CAPSTONE PRACTICE AND RESEARCH EXPERIENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Elizabeth Meade President | OfficerTrustee | 40 | $301,452 |
Dr Micah Sadigh Trustee/professor | Trustee | 40 | $85,731 |
Robin Ingram Chair | OfficerTrustee | 1 | $0 |
Barbara Bigelow Vice Chair | OfficerTrustee | 1 | $0 |
John Zembron Vice Chair | OfficerTrustee | 1 | $0 |
Joni J Berner Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Parkhurst Dining Services Food Service | 6/29/23 | $1,854,773 |
Alvin H Butz Inc General Contracting Services | 6/29/23 | $514,074 |
Ht Lyons Inc General Contracting Services | 6/29/23 | $481,349 |
Schoenen Marketing Llc Marketing | 6/29/23 | $325,779 |
Carnegie Dartlet Llc Marketing | 6/29/23 | $269,171 |
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 |