Wilkes University is located in Wilkes Barre, PA. The organization was established in 1948. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 05/2023, Wilkes University employed 1,901 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wilkes 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 05/2021, Wilkes University generated $146.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $137.2m during the year ending 05/2021. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE THROUGH A COMMITMENT TO ATTENTION, EXCEPTIONAL TEACHING, AND ACADEMIC EXCELLENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION: INCLUDES ALL EXPENDITURES FOR ACTIVITIES THAT ARE PART OF THE INSTITUTION'S INSTRUCTIONAL PROGRAMS. THIS INCLUDES CREDIT AND NON CREDIT COURSES, ACADEMIC, VOCATIONAL AND TECHNICAL INSTRUCTION. THE UNIVERSITY OFFERS 46 UNDERGRADUATE MAJORS, 15 GRADUATE DEGREE PROGRAMS AND SEVERAL PRE-PROFESSIONAL AND CERTIFICATE PROGRAMS. ENROLLMENT INCLUDES 1,809 FULL-TIME UNDERGRADUATE STUDENTS FROM 35 STATES AND 12 FOREIGN COUNTRIES. CLASS SIZES ARE KEPT SMALL TO ENABLE GREATER ACCESS TO PROFESSORS AND MORE INDIVIDUALIZED ATTENTION IN THE CLASSROOM. UNDERGRADUATE FRESHMEN CLASS SIZES AVERAGE 19 STUDENTS WITH 14 STUDENTS FOR UPPER LEVEL CLASSES. (CONTINUED ON SCHEDULE O) WILKES IS DEDICATED TO BEING A LEADER IN HIGHER EDUCATION THROUGHOUT THE NORTHEASTERN UNITED STATES AND IS DEDICATED TO ACADEMIC EXCELLENCE THROUGH MENTORING. THIS ALSO INCLUDES EXPENDITURES FOR GENERAL, NEED BASED, AND ENDOWMENT SCHOLARSHIPS AND FELLOWSHIPS FROM RESTRICTED OR UNRESTRICTED CURRENT FUNDS IN THE FORM OF GRANTS TO STUDENTS. AT LEAST 90% OF STUDENTS RECEIVED SOME FORM OF FINANCIAL AID. GRANTS AWARDED INCLUDE SEOG SCHOLARSHIPS, WILKES NEED BASED GRANTS AND WILKES MERIT BASED SCHOLARSHIPS.
STUDENT SERVICES - INCLUDES FUNDS EXPENDED FOR ACTIVITIES WITH THE PRIMARY PURPOSE OF CONTRIBUTING TO THE STUDENTS' EMOTIONAL AND PHYSICAL WELL-BEING AND INTELLECTUAL, CULTURAL, AND SOCIAL DEVELOPMENT OUTSIDE THE CONTEXT OF THE FORMAL INSTRUCTION PROGRAM. WILKES CLASSIFIES THE FOLLOWING OFFICES INTO THIS PROGRAM: OFFICES OF ENROLLMENT SERVICES (ADMISSIONS), REGISTRAR, FINANCIAL AID ADMINISTRATION, CAREER SERVICES, AND HEALTH AND WELLNESS SERVICES. IN ADDITION, EXPENDITURES FOR STUDENT ACTIVITIES, CULTURAL EVENTS, INTRAMURAL AND INTERCOLLEGIATE ATHLETICS, FRESHMAN ORIENTATION, AND STUDENT CLUBS AND ORGANIZATIONS ARE CONSIDERED STUDENT SERVICES FOR FINANCIAL STATEMENT PURPOSES.
ACADEMIC SUPPORT - INCLUDES FUNDS EXPENDED TO PROVIDE SUPPORT SERVICES FOR THE INSTITUTION'S PRIMARY MISSION OF INSTRUCTION, RESEARCH, AND PUBLIC SERVICE. THE ACADEMIC ADMINISTRATION OF THE UNIVERSITY INCLUDING ACADEMIC DEANS BUT NOT DEPARTMENT CHAIRS THAT ARE CHARGED TO THEIR PRIMARY FUNCTION CATEGORY ARE FOUND IN THIS PROGRAM. ALL SALARIES, BENEFITS, AND OTHER EXPENSES FOR THE LIBRARY ARE ALSO CONSIDERED ACADEMIC SUPPORT.RESEARCH - INCLUDES ALL EXPENDITURES FOR ACTIVITIES SPECIFICALLY ORGANIZED TO PRODUCE RESEARCH, WHETHER COMMISSIONED BY AN AGENCY EXTERNAL TO THE INSTITUTION OR SEPARATELY BUDGETED WITHIN THE UNIVERSITY. (CONTINUED ON SCHEDULE O) IN ADDITION TO THIS, THE EXPENSES OF SEVERAL RESEARCH GRANTS ARE RECORDED TO THE RESEARCH CLASSIFICATION.PUBLIC SERVICE - INCLUDES FUNDS EXPENDED FOR ACTIVITIES ESTABLISHED PRIMARILY TO PROVIDE NON-INSTRUCTIONAL SERVICES BENEFICIAL TO INDIVIDUALS AND GROUPS EXTERNAL TO THE UNIVERSITY. THE EXPENSES OF THE SMALL BUSINESS DEVELOPMENT CENTER, RADIO AND TELEVISION STUDIOS, SHINE PROGRAM, ALLAN P KIRBY CENTER FOR FREE ENTERPRISE, BUSINESS INCUBATOR, AND SEVERAL COMMUNITY LECTURE SERIES ARE AMONG THOSE POSTED TO THIS PROGRAM.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
William Miller Chair | OfficerTrustee | 10 | $0 |
Laura Barbera Cardinale Vice Chair | OfficerTrustee | 3 | $0 |
Charles Cohen Assistant Treasurer | OfficerTrustee | 3 | $0 |
Raymond Dombroski Treasurer/assistant Secretary | OfficerTrustee | 3 | $0 |
Matthew Berger Trustee | Trustee | 2 | $0 |
Carolann Besler Trustee | Trustee | 2 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Keypath Education Llc Nursing Education Provider | 5/30/23 | $11,098,399 |
Aramark Services Inc Food Service | 5/30/23 | $3,538,686 |
Panzitta Enterprises Inc Construction Services | 5/30/23 | $3,258,311 |
Maarv Waterproofing Construction Services | 5/30/23 | $1,033,050 |
Ellucian Company Lp Computer Management Services | 5/30/23 | $935,055 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $10,426,784 |
Investment income | $1,827,683 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $135,000 |
Net Rental Income | $3,320 |
Net Gain/Loss on Asset Sales | $4,342,849 |
Net Income from Fundraising Events | -$9,556 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $146,082,857 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic individuals. | $42,178,127 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $2,679,232 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $42,196,814 |
Pension plan accruals and contributions | $2,378,780 |
Other employee benefits | $8,468,754 |
Payroll taxes | $3,234,245 |
Fees for services: Management | $0 |
Fees for services: Legal | $152,808 |
Fees for services: Accounting | $77,975 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $178,628 |
Fees for services: Other | $9,424,849 |
Advertising and promotion | $709,910 |
Office expenses | $2,833,951 |
Information technology | $2,745,533 |
Royalties | $0 |
Occupancy | $3,200,382 |
Travel | $189,315 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $95,833 |
Interest | $3,367,341 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $7,291,557 |
Insurance | $993,186 |
All other expenses | $0 |
Total functional expenses | $137,178,946 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $5,800 |
Savings and temporary cash investments | $37,314,085 |
Pledges and grants receivable | $3,082,397 |
Accounts receivable, net | $11,607,738 |
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 | $620,075 |
Investments—publicly traded securities | $62,845,645 |
Investments—other securities | $18,657,616 |
Investments—program-related | $2,339,769 |
Intangible assets | $0 |
Other assets | $6,302,729 |
Total assets | $257,594,047 |
Accounts payable and accrued expenses | $10,223,804 |
Grants payable | $0 |
Deferred revenue | $15,570,960 |
Tax-exempt bond liabilities | $71,742,329 |
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 | $15,405,837 |
Total liabilities | $112,942,930 |
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 | $144,651,117 |