Corporation Of Haverford College
- Assets
- $893.6m
- Revenue
- $139.7m
- Investments
- $526.9m
- Employees
- 2,065
- Location
- Haverford, PA
- Founding
- 01/1941
- Data as of
- 06/2021
- EIN
- 23-6002304
Organization Overview
Corporation Of Haverford College, operating under the name Haverford College, is located in Haverford, PA. The organization was established in 1941. 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, Haverford College employed 2,065 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Haverford 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 06/2021, Haverford College generated $139.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $135.6m during the year ending 06/2021. While expenses have increased by 1.4% 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.
Since 2015, Haverford College has awarded 13 individual grants totaling $835,951. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
LEADING LIBERAL ARTS COLLEGE KNOWN FOR: ACADEMIC RIGOR, HONOR CODE & A BEAUTIFUL ARBORETUM CAMPUS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COLLEGE'S ACADEMIC RELATED EXPENDITURES INCLUDE INSTRUCTION (UNDERGRADUATE LIBERAL ARTS), ACADEMIC SUPPORT, FINANCIAL AID, AND RESEARCH. THESE EXPENSES SUPPORTED 1,490 STUDENT FTE AND 173.7 FACULTY FTE. THE COLLEGE CONFERRED 304 DEGREES IN 21/22. RESEARCH STIPENDS TOTALING $705,838 WERE AWARDED TO 286 STUDENTS. THE MAJORITY OF RESEARCH AWARDS ARE IN THE NATURAL SCIENCES. FEDERAL FUNDS SUPPORTED 32 SPONSORED PROJECTS. OTHER SUPPORT COMES FROM PRIVATE FOUNDATIONS, DONOR DESIGNATED FUNDS, AND INTERNALLY DESIGNATED (UNRESTRICTED) FUNDS. THE COLLEGE ALSO SPENT FUNDS ON FINANCIAL AID: HAVERFORD COLLEGE SCHOLARSHIPS TOTALING $34,184,605 WERE AWARDED TO 653 STUDENTS AND FSEOG AWARDS TOTALING $202,469 WERE RECEIVED BY 108 STUDENTS.
AUXILIARY ENTERPRISES (DORMS, DINING CENTER, FACULTY HOUSING, AND CONFERENCE PROGRAMS). HAVERFORD IS A RESIDENTIAL INSTITUTION WHERE MOST OF THE STUDENT BODY LIVE ON CAMPUS AND ACTIVELY PARTICIPATE IN CAMPUS LIFE. THE DORMS HOUSED AN AVERAGE OF 1,292 STUDENTS AND AN AVERAGE OF 890 STUDENTS WERE ON A MEAL PLAN. HAVERFORD PROVIDED 61 SPACES FOR RENT TO THE FACULTY TO FOSTER EDUCATIONAL INTERACTION WITH STUDENTS.
STUDENT SERVICES DEAN, REGISTRAR, COUNSELING, CAREER DEVELOPMENT, HEALTH SERVICES, ATHLETICS, DISABILITY SERVICES, AND OTHER MISCELLANEOUS SERVICES. WHILE THESE OFFICES SUPPORT STUDENT HEALTH, DEVELOPMENT, AND WELL-BEING IN DIFFERENT WAYS, THEY ALL SHARE AN APPROACH THAT IS BASED ON RESPECT FOR STUDENT CHOICES AND A FUNDAMENTAL COMMITMENT TO THE IMPORTANCE OF EDUCATION IN THE DECISION-MAKING PROCESS. THE STAFF OF THESE OFFICES ARE COMMITTED TO HELPING STUDENTS ACHIEVE THEIR POTENTIAL BOTH AS INDIVIDUALS AND AS MEMBERS OF THE COMMUNITY. THE RECENT 6-YEAR GRADUATION RATES FOR THE COLLEGE HAVE BEEN 90% OR HIGHER. BASED ON THE ENTIRE CLASS OF 2021, 22% PROCEEDED DIRECTLY TO GRADUATE/PROFESSIONAL SCHOOL AND 57% WERE EMPLOYED, UNDERTAKING VOLUNTEER WORK OR AWARDED A FELLOWSHIP WITHIN SIX MONTHS OF GRADUATION. 21% WERE SEEKING EMPLOYMENT OR UNKNOWN AT THAT POINT. IN ADDITION, HAVERFORD COLLEGE GRADUATES EARNED A TOTAL OF 426 DOCTORATES FOR THE 10 YEAR PERIOD (2008-2017), WHICH EQUATES TO A 14.4% RATE OF DOCTORAL PRODUCTION. THIS RATE PLACES HAVERFORD COLLEGE 6TH AMONG ALL LIBERAL ARTS COLLEGES AND 8TH OVERALL FOR THIS TIME PERIOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wendy Raymond President | OfficerTrustee | 50 | $518,081 |
Charles G Beever Chair, Board Of Managers | OfficerTrustee | 2 | $0 |
Garry W Jenkins Vice Chair, Board Of Managers | OfficerTrustee | 2 | $0 |
Ginny Christensen Secretary, Board Of Managers | OfficerTrustee | 2 | $0 |
Amy Taylor Brooks Clerk, Board Of Managers | OfficerTrustee | 2 | $0 |
Jennifer S Perkins Asst Clerk, Board Of Manag | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Whiting-turner Contracting Co Contractor Services | 6/29/22 | $4,525,826 |
Christopher D Chelo Dba The Tradesmen Contractor Services | 6/29/22 | $642,477 |
The Regents Of The University Of Califor Laboratory Services | 6/29/22 | $334,752 |
Starlite Productions International Audio/visual Services | 6/29/22 | $279,091 |
Cambridge Associates Llc Advisory Services | 6/29/22 | $275,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,224,122 |
| Investment income | $4,273,901 |
| Tax Exempt Bond Proceeds | $5,486 |
| Royalties | $0 |
| Net Rental Income | $25,629 |
| Net Gain/Loss on Asset Sales | $22,639,761 |
| Net Income from Fundraising Events | $9,170 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $139,734,591 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $30,050,033 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,359,971 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $5,236,831 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $43,059,572 |
| Pension plan accruals and contributions | $3,124,896 |
| Other employee benefits | $9,011,420 |
| Payroll taxes | $3,081,403 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $494,813 |
| Fees for services: Accounting | $189,711 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $487,819 |
| Fees for services: Other | $6,455,365 |
| Advertising and promotion | $73,040 |
| Office expenses | $5,620,442 |
| Information technology | $593,797 |
| Royalties | $0 |
| Occupancy | $3,076,754 |
| Travel | $90,302 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $244,197 |
| Interest | $6,075,710 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,073,087 |
| Insurance | $922,429 |
| All other expenses | $0 |
| Total functional expenses | $135,560,269 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,687,081 |
| Savings and temporary cash investments | $18,525,664 |
| Pledges and grants receivable | $4,880,798 |
| Accounts receivable, net | $2,936,138 |
| Loans from Officers, Directors, or Controlling Persons | $220,645 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,535,158 |
| Inventories for sale or use | $66,065 |
| Prepaid expenses and deferred charges | $644,175 |
| Investments—publicly traded securities | $141,518,574 |
| Investments—other securities | $526,857,232 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $112,506 |
| Total assets | $893,638,938 |
| Accounts payable and accrued expenses | $9,847,246 |
| Grants payable | $0 |
| Deferred revenue | $1,236,039 |
| Tax-exempt bond liabilities | $144,419,384 |
| 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 | $18,567,696 |
| Total liabilities | $174,070,365 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $719,568,573 |
Grants Awarded
Over the last fiscal year, Corporation Of Haverford College has awarded $20,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
FOUNDATION FOR COMMUNITY SERVICE CO THE SHIPLEY SCHOOL PURPOSE: ANNUAL SUPPORT | $7,500 |
DRAKE UNIVERSITY PURPOSE: ANNUAL SUPPORT | $7,500 |
BRYN MAWR THEATRE FILM INSTITUTE PURPOSE: ANNUAL SUPPORT | $5,500 |