Collegian Inc
- Assets
- $1.2m
- Revenue
- $698.8k
- Investments
- $0.0
- Employees
- 10
- Location
- University Park, PA
- Founding
- 07/2004
- Data as of
- 05/2022
- EIN
- 24-0861373
Organization Overview
Collegian Inc is located in University Park, PA. The organization was established in 2004. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 05/2022, Collegian Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Collegian Inc 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 05/2022, Collegian Inc generated $698.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.2%) each year. All expenses for the organization totaled $639.1k during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (7.9%) 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
PUBLISH A COLLEGIATE NEWSPAPER FOR THE COMMUNITY AND PROVIDE EDUCATIONAL EXPERIENCE FOR STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COLLEGIAN EDUCATES STUDENTS ABOUT THE FIELDS OF JOURNALISM, BUSINESS, MANAGEMENT, AND PUBLISHING BY SUPERVISING THE PREPARATION, PRINTING, AND DISTRIBUTION OF THE DAILY COLLEGIAN, THE WEEKLY COLLEGIAN, AND THE COLLEGIAN MAGAZINE, P.S, AND THE DAILY COLLEGIAN ONLINE. THE CORPORATION'S REVENUE IS PRIMARILY DERIVED FROM THE CIRCULATION OF AND ADVERTISEMENTS PLACED IN THE PUBLICATIONS NOTED ABOVE.
THE COLLEGIAN OFFERS SCHOLARSHIPS TO ENCOURAGE STUDENTS TO PARTICIPATE ON THE STAFF OF THE STUDENT NEWSPAPER AND TO ASSIST STUDENTS IN PAYING FOR THEIR COLLEGE EDUCATION AT PENN STATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wayne Lowman General Manager/secretary | Officer | 40 | $84,931 |
Bill Zimmerman Vice President | OfficerTrustee | 1 | $0 |
Maggie Anderson President | OfficerTrustee | 1 | $0 |
Robyn Passante Treasurer | OfficerTrustee | 1 | $0 |
Anthony Picardi Director | Trustee | 1 | $0 |
Walter Middlebrook Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $178 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $178 |
| Total Program Service Revenue | $693,401 |
| Investment income | $961 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $100 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $698,831 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $116,617 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $89,501 |
| Compensation of current officers, directors, key employees. | $22,375 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $213,775 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $38,407 |
| Payroll taxes | $36,712 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,900 |
| Fees for services: Accounting | $3,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,747 |
| Office expenses | $39,241 |
| Information technology | $16,184 |
| Royalties | $0 |
| Occupancy | $33,041 |
| Travel | $18,039 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,753 |
| Insurance | $17,601 |
| All other expenses | $0 |
| Total functional expenses | $639,060 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,020 |
| Savings and temporary cash investments | $1,025,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $26,145 |
| 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 | $24,884 |
| Net Land, buildings, and equipment | $9,559 |
| Investments—publicly traded securities | $25,000 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,156 |
| Total assets | $1,162,764 |
| Accounts payable and accrued expenses | $2,206 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,206 |
| Net assets without donor restrictions | $1,160,558 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,162,764 |
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