Lehigh University
- Assets
- $3.1b
- Revenue
- $695.4m
- Investments
- $1.6b
- Employees
- 1,812
- Location
- Bethlehem, PA
- Founding
- 04/1938
- Data as of
- 06/2023
- EIN
- 24-0795445
Organization Overview
Lehigh University is located in Bethlehem, PA. The organization was established in 1938. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2023, Lehigh University employed 1,812 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lehigh University 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 06/2023, Lehigh University generated $695.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $633.3m during the year ending 06/2023. While expenses have increased by 4.1% per year over the past 8 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, Lehigh University has awarded 288 individual grants totaling $30,034,933. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
INSTRUCTION: LEHIGH IS AN INDEPENDENT, COEDUCATIONAL UNIVERSITY WITH PROGRAMS OFFERED IN FOUR COLLEGES: ARTS AND SCIENCES, BUSINESS AND ECONOMICS, EDUCATION, AND ENGINEERING AND APPLIED SCIENCES. AN INTERDISCIPLINARY MINDSET HAS LONG BEEN A PART OF THE LEHIGH CULTURE AND IS EVIDENT IN THE UNIVERSITY'S APPROACH TO TEACHING AND RESEARCH. LEHIGH'S UNDERGRADUATE AND GRADUATE STUDENTS WORK IN A COLLABORATIVE ENVIRONMENT, WHERE THEY HAVE THE OPPORTUNITY TO WORK CLOSELY WITH FACULTY, STAFF AND FELLOW STUDENTS IN A PERSONALIZED SETTING. FOUR OF LEHIGH'S FIVE COLLEGES OFFER UNDERGRADUATE, MASTERS AND DOCTORAL DEGREES, WHILE ONE COLLEGE OFFERS MASTERS AND DOCTORAL DEGREES ONLY. ALL FIVE COLLEGES COLLABORATE ON A VARIETY OF CROSS-DISCIPLINARY PROGRAMS AND ON CROSS-COLLEGE FACULTY RESEARCH. LEHIGH OFFERS MORE THAN 50 UNDERGRADUATE AND GRADUATE DEGREES AND OFFERS MORE THAN 100 UNDERGRADUATE PROGRAMS AND MAJORS, FEATURING MORE THAN 2,100 COURSES. THERE ARE APPROXIMATELY 100 PROGRAMS OFFERED AT THE GRADUATE LEVEL. IN THE FALL OF 2022, LEHIGH UNDERGRADUATE ENROLLMENT WAS 5,600 FTE UNDERGRADUATE STUDENTS AND 1,369 FTE GRADUATE STUDENTS.
RESEARCH: LEHIGH IS COMMITTED TO THE PURSUIT OF NEW KNOWLEDGE, CREATIVE DISCOVERY, SCHOLARLY INQUIRY, AND ESTABLISHING A VIBRANT INTELLECTUAL CULTURE THAT PERVADES THE CAMPUS COMMUNITY. FACULTY RESEARCH AND CREATIVE WORK HAS BEEN RECOGNIZED NATIONALLY AND INTERNATIONALLY BY HIGH HONORS FROM PEERS, SIGNIFICANT GRANTS AND FUNDING, PATENTS GRANTED, AND NUMEROUS AND VARIED AWARDS. LEHIGH FACULTY HAVE CONTRIBUTED TO ADVANCEMENTS IN THEIR DISCIPLINES AND HAVE BEEN AT THE FOREFRONT OF MAJOR DISCOVERIES THAT HAVE IMPROVED THE LIVES OF MILLIONS. THIS SCHOLARLY INQUIRY AND RESEARCH POSITIVELY IMPACTS AND ENHANCES THE LEARNING EXPERIENCE IN THE CLASSROOM. TOGETHER WITH TRADITIONAL FACULTY SCHOLARSHIP ACTIVITIES, APPROXIMATELY 690 ACTIVELY SUPPORTED RESEARCH PROJECTS WERE CONDUCTED IN FISCAL YEAR 2023.
AUXILIARY SERVICES: STUDENT LIFE AT LEHIGH CREATES A BALANCED EDUCATIONAL EXPERIENCE THAT INTEGRATES FORMAL STUDIES WITH RESIDENTIAL LIFE AND A VIBRANT ARRAY OF STUDENT ORGANIZATIONS AND ACTIVITIES. LEHIGH IS A CARING COMMUNITY DEEPLY COMMITTED TO HARMONIOUS CULTURAL DIVERSITY AS AN ESSENTIAL ELEMENT OF THE LEARNING ENVIRONMENT. IN ORDER THAT ALL MEMBERS OF THE LEHIGH COMMUNITY MIGHT DEVELOP AS EFFECTIVE AND ENLIGHTENED CITIZENS, THE UNIVERSITY ENCOURAGES PHYSICAL, SOCIAL, ETHICAL AND SPIRITUAL DEVELOPMENT AS WELL AS RIGOROUS INTELLECTUAL DEVELOPMENT. IN FISCAL YEAR 2023, APPROXIMATELY 3,406 UNDERGRADUATE STUDENTS RESIDED IN RESIDENCE HALLS, FRATERNITIES OR SORORITIES AND APPROXIMATELY 210 RESIDENTS OCCUPIED GRADUATE HOUSING ON LEHIGH'S CAMPUS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristin Agatone Chief Investment Off. | Officer | 40 | $1,350,253 |
Joseph J Helble President | Officer | 40 | $888,235 |
Nathaniel N Urban Provost | Officer | 40 | $769,530 |
John D Simon Professor | 40 | $583,528 | |
Michael D Gould Assoc Dir. Invest. Off. | 40 | $577,244 | |
Georgette C Phillips Dean,coll. Bus. & Econ. | 40 | $525,817 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Quadratus Construction Management Construction Mgmt | 6/29/23 | $21,637,458 |
Sodexo Inc And Affiliates Food Service | 6/29/23 | $16,550,589 |
Abm Janitorial Services | 6/29/23 | $10,812,409 |
Brightview Landscapes Llc Landscaping Services | 6/29/23 | $3,830,436 |
Turner Construction Company Construction Mgmt | 6/29/23 | $14,632,689 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $236,672 |
| Related organizations | $0 |
| Government grants | $50,027,395 |
| All other contributions, gifts, grants, and similar amounts not included above | $48,389,151 |
| Noncash contributions included in lines 1a–1f | $9,237,287 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $98,653,218 |
| Total Program Service Revenue | $444,965,207 |
| Investment income | $31,392,336 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $423,523 |
| Net Rental Income | $476,782 |
| Net Gain/Loss on Asset Sales | $119,805,201 |
| Net Income from Fundraising Events | -$324,023 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $695,392,244 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,002,727 |
| Grants and other assistance to domestic individuals. | $143,090,487 |
| Grants and other assistance to Foreign Orgs/Individuals | $5,340,416 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,839,343 |
| Compensation of current officers, directors, key employees. | $3,525,200 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $201,998,249 |
| Pension plan accruals and contributions | $16,490,231 |
| Other employee benefits | $36,911,768 |
| Payroll taxes | $13,042,882 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $841,840 |
| Fees for services: Accounting | $902,042 |
| Fees for services: Lobbying | $123,000 |
| Fees for services: Fundraising | $76,736 |
| Fees for services: Investment Management | $7,012,667 |
| Fees for services: Other | $32,094,986 |
| Advertising and promotion | $2,918,939 |
| Office expenses | $26,605,714 |
| Information technology | $6,108,033 |
| Royalties | $0 |
| Occupancy | $42,814,639 |
| Travel | $8,058,358 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,043,364 |
| Interest | $20,280,569 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $41,432,969 |
| Insurance | $2,245,285 |
| All other expenses | $0 |
| Total functional expenses | $633,294,461 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $26,246,000 |
| Pledges and grants receivable | $30,378,547 |
| Accounts receivable, net | $8,821,271 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,716,161 |
| Prepaid expenses and deferred charges | $9,796,964 |
| Net Land, buildings, and equipment | $766,215,510 |
| Investments—publicly traded securities | $637,744,213 |
| Investments—other securities | $1,623,269,362 |
| Investments—program-related | $6,970,637 |
| Intangible assets | $0 |
| Other assets | $16,201,049 |
| Total assets | $3,127,359,714 |
| Accounts payable and accrued expenses | $55,033,331 |
| Grants payable | $0 |
| Deferred revenue | $14,699,831 |
| Tax-exempt bond liabilities | $172,999,285 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $318,561,504 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $123,695,776 |
| Total liabilities | $684,989,727 |
| Net assets without donor restrictions | $1,180,544,594 |
| Net assets with donor restrictions | $1,261,825,393 |
| 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 | $3,127,359,714 |
Grants Awarded
Over the last fiscal year, Lehigh University has awarded $5,076,570 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
CARNEGIE MELLON UNIVERSITY | | | $1,017,580 |
BETHLEHEM ECONOMIC DEVELOPMENT CORP | | | $350,750 |
HARVARD UNIVERSITY PURPOSE: RESEARCH | $154,981 |
COMMONWEALTH UNIVERSITY OF PA | | | $28,946 |
COLUMBIA UNIVERSITY PURPOSE: RESEARCH | $35,903 |
GEORGE WASHINGTON UNIVERSITY | | | $5,795 |