Peirce College
- Assets
- $35.1m
- Revenue
- $22.1m
- Investments
- $59.4k
- Employees
- 196
- Location
- Philadelphia, PA
- Founding
- 02/1965
- Data as of
- 06/2022
- EIN
- 23-1627436
Organization Overview
Peirce College is located in Philadelphia, PA. The organization was established in 1965. 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, Peirce College employed 196 individuals. This organization is an itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. Peirce 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, Peirce College generated $22.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $22.4m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 7 years. 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Mary Ellen Caro President And CEO | Officer | 40 | $446,524 |
Elizabeth M Krapp VP Finance/admin & Treasurer | Officer | 40 | $198,774 |
Dr Rita Toliver-Roberts Provost & VP Academic Affairs | Officer | 40 | $189,390 |
Joseph Guzzardo VP Marketing/communication | Officer | 40 | $178,172 |
Brad Hodge VP Enroll/student Services | Officer | 40 | $170,420 |
Carrie Robinson Avp/human Resources | 40 | $147,613 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dcw Media Advertising | 6/29/22 | $1,247,596 |
A Book Store Book Store | 6/29/22 | $334,014 |
Grant Thornton Audit And Tax | 6/29/22 | $103,819 |
Sales Force Software | 6/29/22 | $105,846 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,412,242 |
| All other contributions, gifts, grants, and similar amounts not included above | $832,711 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,244,953 |
| Total Program Service Revenue | $11,908,138 |
| Investment income | $656,721 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $105,091 |
| Net Gain/Loss on Asset Sales | $854,709 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,054,540 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,473,230 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,296,471 |
| Compensation of current officers, directors, key employees. | $378,731 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,168,865 |
| Pension plan accruals and contributions | $400,352 |
| Other employee benefits | $1,416,043 |
| Payroll taxes | $582,495 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $60,844 |
| Fees for services: Accounting | $71,982 |
| Fees for services: Lobbying | $55,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $43,227 |
| Fees for services: Other | $677,751 |
| Advertising and promotion | $1,568,419 |
| Office expenses | $143,132 |
| Information technology | $803,103 |
| Royalties | $0 |
| Occupancy | $356,652 |
| Travel | $3,018 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,219 |
| Interest | $82,983 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $606,778 |
| Insurance | $173,758 |
| All other expenses | $0 |
| Total functional expenses | $22,390,422 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $555,925 |
| Savings and temporary cash investments | $4,622 |
| Pledges and grants receivable | $802,111 |
| Accounts receivable, net | $675,145 |
| 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 | $376,671 |
| Net Land, buildings, and equipment | $8,131,845 |
| Investments—publicly traded securities | $24,489,021 |
| Investments—other securities | $59,416 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $35,094,756 |
| Accounts payable and accrued expenses | $1,033,094 |
| Grants payable | $0 |
| Deferred revenue | $170,815 |
| 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 | $2,479,097 |
| Unsecured mortgages and notes payable | $250,000 |
| Other liabilities | $0 |
| Total liabilities | $3,933,006 |
| Net assets without donor restrictions | $27,489,205 |
| Net assets with donor restrictions | $3,672,545 |
| 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 | $35,094,756 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Peirce College has recieved totaling $374,745.
| Awarding Organization | Amount |
|---|---|
William Penn Foundation Philadelphia, PA PURPOSE: CAREER BRIDGE JOB TRAINING PROGRAM | $175,000 |
United Way Of Greater Philadelphia And Southern New Jersey Philadelphia, PA | | $106,125 |
Ascendium Education Solutions Inc Madison, WI PURPOSE: PS Emergency Aid Program PS Pd Internship Program | $33,400 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $25,000 |
Philadelphia Foundation Philadelphia, PA PURPOSE: EDUCATION | $25,000 |
Wsfs Foundation Wilmington, DE PURPOSE: EDUCATION & LEADERSHIP DEVELOPMENT | $10,000 |
Endowment Analysis
| Beg. Balance | $4,086,797 |
| Earnings | -$561,974 |
| Admin Expense | $5,765 |
| Net Contributions | $3,065 |
| Other Expense | $21,727 |
| Grants | $104,573 |
| Ending Balance | $3,395,823 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ohio Dominican University Columbus, OH | $77,838,919 | $50,128,137 |
Notre Dame College South Euclid, OH | $47,555,171 | $48,168,719 |
West Virginia Wesleyan College Buckhannon, WV | $129,913,530 | $51,877,916 |
Vaughn College Of Aeronautics And Technology East Elmhurst, NY | $105,761,771 | $41,818,773 |
University Of Northwestern Ohio Lima, OH | $114,514,487 | $54,604,805 |
Hiram College Hiram, OH | $148,255,931 | $41,168,029 |
Thiel College Greenville, PA | $97,550,860 | $47,464,141 |
Malone University Canton, OH | $68,667,237 | $44,894,843 |
Wilmington College Wilmington, OH | $137,983,559 | $72,527,709 |
Lourdes University Sylvania, OH | $53,479,369 | $38,568,950 |
Columbus College Of Art & Design Columbus, OH | $67,729,937 | $43,474,178 |
Concordia College At Bronxville Bronxville, NY | $58,273,921 | $38,883,009 |