Gannon University
- Assets
- $317.0m
- Revenue
- $166.0m
- Investments
- $205.1k
- Employees
- 2,242
- Location
- Erie, PA
- Founding
- 06/1987
- Data as of
- 06/2023
- EIN
- 25-0496976
Organization Overview
Gannon University is located in Erie, PA. The organization was established in 1987. 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, Gannon University employed 2,242 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Gannon 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, Gannon University generated $166.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $160.6m during the year ending 06/2023. While expenses have increased by 2.4% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
GANNON UNIVERSITY IS AN INSTITUTION OF POST-SECONDARY EDUCATION WITH CAMPUSES IN ERIE, PA AND RUSKIN, FL, OFFERING OVER 100 ACADEMIC PROGRAMS, INCLUDING ONLINE AND TRADITIONAL ASSOCIATE, BACHELOR'S, MASTER'S, AND DOCTORAL DEGREES TO A FALL 2022 STUDENT ENROLLMENT OF 4,665.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION AND OTHER SUPPORTED PROGRAMS: GANNON UNIVERSITY IS AN INSTITUTION OF HIGHER EDUCATION PROVIDING ASSOCIATE, BACCALAUREATE, AND GRADUATE EDUCATION TO 4,038 FTE STUDENTS. THE UNIVERSITY EMPLOYS APPROXIMATELY 240 FULL-TIME AND 333 PART-TIME FACULTY MEMBERS.
RESEARCH
AUXILIARY ENTERPRISES: GANNON UNIVERSITY PROVIDES SERVICES TO STUDENTS AND STAFF INCLUDING PRIMARY RESIDENCE HALL ACCOMMODATIONS FOR 1,363 STUDENTS AND ASSOCIATED FOOD SERVICES DURING THE ACADEMIC YEAR AND SUMMER SESSIONS.
PUBLIC SERVICE: THE UNIVERSITY SUPPORTS SEVERAL PROGRAMS WHICH BENEFIT STUDENTS AS WELL AS THE GENERAL PUBLIC. THESE SERVICES INCLUDE A SMALL BUSINESS DEVELOPMENT CENTER, A CHAMBER ORCHESTRA, A LEADERSHIP DEVELOPMENT PROGRAM, AND SEVERAL PROGRAMS WHOSE GOALS INCLUDE ENVIRONMENTAL AND SOCIAL CONCERNS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Taylor President | OfficerTrustee | 40 | $506,690 |
Walter Iwanenko Provost | Officer | 40 | $231,689 |
William Edmondson VP Enrollment | Officer | 40 | $204,746 |
Barbara Beuscher VP University Advancement | Officer | 40 | $196,183 |
Mark Jordano Chief Information Officer | Officer | 40 | $161,940 |
Karinna Vernaza Dean-College Of Eng And Business | 40 | $172,004 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Building Systems Inc General Contractor | 6/29/23 | $16,946,595 |
Fieldturf Usa Inc Field Renovations | 6/29/23 | $889,510 |
Metz And Associates Ltd Food Service Provider | 6/29/23 | $3,799,433 |
Mccreary Roofing Company Roofing | 6/29/23 | $1,121,042 |
Hamot Anesthesia Program Education Services | 6/29/23 | $881,955 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $93,680 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,897,735 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,953,401 |
| Noncash contributions included in lines 1a–1f | $577,516 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,944,816 |
| Total Program Service Revenue | $146,633,764 |
| Investment income | $2,988,214 |
| Tax Exempt Bond Proceeds | $27,703 |
| Royalties | $0 |
| Net Rental Income | $56,703 |
| Net Gain/Loss on Asset Sales | $2,208,161 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $165,989,696 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $54,599,311 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,485,115 |
| Compensation of current officers, directors, key employees. | $1,558,521 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $47,651,071 |
| Pension plan accruals and contributions | $2,897,863 |
| Other employee benefits | $11,275,745 |
| Payroll taxes | $3,493,044 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $92,616 |
| Fees for services: Accounting | $87,530 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $20,675 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,891,775 |
| Advertising and promotion | $1,482,008 |
| Office expenses | $2,527,148 |
| Information technology | $2,048,034 |
| Royalties | $0 |
| Occupancy | $3,107,761 |
| Travel | $3,079,136 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $731,023 |
| Interest | $3,563,419 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,789,784 |
| Insurance | $1,309,102 |
| All other expenses | $1,176,987 |
| Total functional expenses | $160,562,591 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,896 |
| Savings and temporary cash investments | $28,169,001 |
| Pledges and grants receivable | $4,134,693 |
| Accounts receivable, net | $9,480,611 |
| 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 | $1,067,909 |
| Net Land, buildings, and equipment | $183,615,729 |
| Investments—publicly traded securities | $89,140,113 |
| Investments—other securities | $205,087 |
| Investments—program-related | $986,141 |
| Intangible assets | $0 |
| Other assets | $200,246 |
| Total assets | $317,003,426 |
| Accounts payable and accrued expenses | $10,837,788 |
| Grants payable | $0 |
| Deferred revenue | $8,230,708 |
| Tax-exempt bond liabilities | $90,627,710 |
| Escrow or custodial account liability | $478,844 |
| 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 | $2,090,065 |
| Total liabilities | $112,265,115 |
| Net assets without donor restrictions | $145,142,214 |
| Net assets with donor restrictions | $59,596,097 |
| 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 | $317,003,426 |
Grants Awarded
Over the last fiscal year, Gannon University has awarded $150,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF ERIE PURPOSE: FIRE AND EMERGENCY SUPPORT | $100,000 |
ERIE DOWNTOWN DEVELOPMENT CORPORATION PURPOSE: CHARITABLE CONTRIBUTION | $50,000 |