University Of Scranton
- Assets
- $625.2m
- Revenue
- $257.5m
- Investments
- $156.1m
- Employees
- 2,570
- Location
- Scranton, PA
- Founding
- 01/1963
- Data as of
- 05/2023
- EIN
- 24-0795495
Organization Overview
University Of Scranton is located in Scranton, PA. The organization was established in 1963. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 05/2023, University Of Scranton employed 2,570 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Scranton 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 05/2023, University Of Scranton generated $257.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $259.8m during the year ending 05/2023. While expenses have increased by 1.9% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE UNIVERSITY OF SCRANTON IS A CATHOLIC AND JESUIT UNIVERSITY DEDICATED TO EDUCATION.
Describe the Organization's Program Activity:
HIGHER EDUCATION; STUDENT FINANCIAL AID TOTAL INSTITUTIONAL FINANCIAL AID AWARDS PROCESSED AND DISBURSED BY THE FINANCIAL AID OFFICE AMOUNTED TO $96,661,761 TO RECIPIENTS. ADDITIONALLY, THE FINANCIAL AID OFFICE PROCESSED $46,827,120 OF FINANCIAL AID IN THE FORM OF LOANS TO STUDENTS. DURING THE 2022-2023 ACADEMIC YEAR 3,842 UNDUPLICATED RECIPIENTS RECEIVED SOME FORM OF FINANCIAL AID. LOANS PROVIDED TO STUDENTS AND THEIR PARENTS INCLUDE FEDERAL STAFFORD, PLUS, AND ALTERNATIVE LOANS. HIGHER EDUCATION; INSTRUCTION PROVIDES UNDERGRADUATE AND GRADUATE INSTRUCTION TO 3,593 UNDERGRADUATE AND 1,138 GRADUATE STUDENTS. THERE ARE 70 UNDERGRADUATE MAJOR PROGRAMS, 34 GRADUATE (MASTERS) LEVEL PROGRAMS, FOUR DOCTORAL PROGRAMS, AND OVER 100 CONTINUING AND PROFESSIONAL EDUCATION PROGRAMS TAUGHT AT THE UNIVERSITY.
HIGHER EDUCATION; AUXILIARY SERVICES: PROVIDES DORMITORY AND FOOD SERVICES TO APPROXIMATELY 2,172 RESIDENT STUDENTS AND FOOD SERVICES TO COMMUTER STUDENTS, FACULTY, STAFF AND ADMINISTRATION.
HIGHER EDUCATION; STUDENT SERVICES AND ACTIVITIES: EXPENDITURES OR ACTIVITIES WHOSE PURPOSE IS TO CONTRIBUTE TO STUDENTS' EMOTIONAL AND PHYSICAL WELL-BEING AND DEVELOPMENT OUTSIDE THE CLASSROOM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Board Co-Vice Chair | OfficerTrustee | 2 | $0 |
Name Not Listed Board President | OfficerTrustee | 45 | $37,334 |
Name Not Listed Board Co-Vice Chair | OfficerTrustee | 2 | $0 |
Name Not Listed Board Chair | OfficerTrustee | 2 | $0 |
Name Not Listed Trustee | Trustee | 1 | $0 |
Name Not Listed Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
C&d Waterproofing Corp Construction Contractor | 5/30/23 | $1,012,630 |
Scranton Electric Heating & Cooling Services Inc Construction Contractor | 5/30/23 | $2,517,685 |
Aramark Food Service Provider | 5/30/23 | $10,375,842 |
Sean Byrne Construction Construction Contractor | 5/30/23 | $527,998 |
Aj Guzzi General Contr Inc Construction Contractor | 5/30/23 | $458,114 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,100,865 |
| Related organizations | $0 |
| Government grants | $4,091,745 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,721,608 |
| Noncash contributions included in lines 1a–1f | $1,956,726 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,914,218 |
| Total Program Service Revenue | $232,939,389 |
| Investment income | $4,999,250 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$844 |
| Net Gain/Loss on Asset Sales | $2,164,455 |
| Net Income from Fundraising Events | -$296,299 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $257,549,602 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $150,000 |
| Grants and other assistance to domestic individuals. | $96,661,761 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,132,095 |
| Compensation of current officers, directors, key employees. | $1,829,912 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $68,045,586 |
| Pension plan accruals and contributions | $4,770,137 |
| Other employee benefits | $21,080,435 |
| Payroll taxes | $4,655,781 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $272,425 |
| Fees for services: Accounting | $347,169 |
| Fees for services: Lobbying | $72,000 |
| Fees for services: Fundraising | $13,985 |
| Fees for services: Investment Management | $1,661,483 |
| Fees for services: Other | $2,874,991 |
| Advertising and promotion | $953,740 |
| Office expenses | $2,578,104 |
| Information technology | $2,037,279 |
| Royalties | $0 |
| Occupancy | $4,857,730 |
| Travel | $1,331,008 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,362,416 |
| Interest | $5,631,889 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,754,528 |
| Insurance | $1,569,809 |
| All other expenses | $3,812,085 |
| Total functional expenses | $259,764,782 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $18,334,285 |
| Pledges and grants receivable | $5,343,404 |
| Accounts receivable, net | $7,260,025 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $901,734 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,471,393 |
| Net Land, buildings, and equipment | $260,364,539 |
| Investments—publicly traded securities | $167,952,736 |
| Investments—other securities | $156,106,132 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,428,033 |
| Total assets | $625,162,281 |
| Accounts payable and accrued expenses | $24,924,401 |
| Grants payable | $1,228,646 |
| Deferred revenue | $8,748,744 |
| Tax-exempt bond liabilities | $129,465,000 |
| 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 | $12,676,436 |
| Total liabilities | $177,043,227 |
| Net assets without donor restrictions | $258,737,910 |
| Net assets with donor restrictions | $189,381,144 |
| 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 | $625,162,281 |