Allegheny College
- Assets
- $421.9m
- Revenue
- $130.2m
- Investments
- $135.7m
- Employees
- 1,403
- Location
- Meadville, PA
- Founding
- 09/1942
- Data as of
- 06/2022
- EIN
- 25-0965212
Organization Overview
Allegheny College is located in Meadville, PA. The organization was established in 1942. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2022, Allegheny College employed 1,403 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Allegheny College 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 06/2022, Allegheny College generated $130.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $135.4m during the year ending 06/2022. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
FOUR YEAR INSTITUTION OF HIGHER EDUCATION.
Describe the Organization's Program Activity:
INSTRUCTION & SCHOLARSHIP EXPENDITURES: FOUNDED IN 1815, ALLEGHENY COLLEGE RANKS AMONG THE OLDEST 1% OF COLLEGES AND UNIVERSITIES AND IS THE 32ND OLDEST COLLEGE IN THE UNITED STATES. PROVIDING A FOUR YEAR HIGHER EDUCATION IN THE LIBERAL ARTS AND SCIENCES GIVING STUDENTS MORE CHOICES, MORE OPPORTUNITIES, AND MORE CHALLENGES. ALLEGHENY IS ONE OF THE FEW LIBERAL ARTS COLLEGES IN THE COUNTRY THAT WILL ASK STUDENTS TO CHOOSE BOTH A MAJOR AND A MINOR (OUTSIDE THE DIVISION OF THEIR MAJOR) BY THE END OF THEIR SOPHOMORE YEAR. THE COLLEGE HAS BEEN RECOGNIZED BY THE COUNCIL OF UNDERGRADUATE RESEARCH WITH THEIR AWARD FOR UNDERGRADUATE RESEARCH ACCOMPLISHMENT.SEE CONTINUATION ON SCHEDULE O.THE COLLEGE PROVIDED $54 MILLION TO FINANCIALLY ASSIST STUDENTS ATTAIN THEIR DEGREE FROM GIFTS, GRANTS, ENDOWMENT INCOME AND COLLEGE RESOURCES.THE COLLEGE HAS 40 MAJOR BUILDINGS ON CAMPUS, A CENTRAL CAMPUS AREA OF 79 ACRES, A RECREATION AREA AROUND CAMPUS OF 203 ACRES, AND THE BOUSSON FOREST NATURE PRESERVE OF 283 ACRES.
AUXILIARY ENTERPRISES: THE COLLEGE'S AUXILIARIES EXIST PRIMARILY TO FURNISH GOODS AND SERVICES TO ENROLLED STUDENTS, FACULTY AND STAFF. THESE SERVICES PRIMARILY CONSIST OF ON-CAMPUS HOUSING SERVICES AND DINING SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hilary L Link President | OfficerTrustee | 50 | $353,971 |
Matthew Stinson VP For Institutional Advancement | Officer | 50 | $199,137 |
Ronald B Cole PHD Provost & Dean Of College | Officer | 50 | $186,500 |
Linda S Wetsell Cfo/ VP Of Finance | Officer | 50 | $182,547 |
April Thompson Vp Of Student Life And Dean Of Students | Officer | 50 | $173,417 |
Ellen Johnson VP For Enrollment (entered 3/2021) | Officer | 50 | $160,112 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Parkhurst Dining Services Food Service | 6/29/22 | $6,679,592 |
St Moritz Building Services Cleaning Service | 6/29/22 | $2,385,797 |
Wifiber Llc Telecommunications | 6/29/22 | $2,063,096 |
Eab Global Mailing | 6/29/22 | $791,536 |
Massaro Construction | 6/29/22 | $801,257 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $16,330 |
| Related organizations | $0 |
| Government grants | $3,526,390 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,668,299 |
| Noncash contributions included in lines 1a–1f | $705,763 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,211,019 |
| Total Program Service Revenue | $99,688,304 |
| Investment income | $1,818,961 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $13,723 |
| Net Gain/Loss on Asset Sales | $11,480,062 |
| Net Income from Fundraising Events | -$367 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $38,247 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $130,249,949 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $75,000 |
| Grants and other assistance to domestic individuals. | $53,547,055 |
| Grants and other assistance to Foreign Orgs/Individuals | $755,941 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,868,634 |
| Compensation of current officers, directors, key employees. | $1,603,104 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $27,563,484 |
| Pension plan accruals and contributions | $801,556 |
| Other employee benefits | $5,588,029 |
| Payroll taxes | $2,006,142 |
| Fees for services: Management | $6,157,524 |
| Fees for services: Legal | $1,259,762 |
| Fees for services: Accounting | $214,744 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,147,334 |
| Fees for services: Other | $2,521,357 |
| Advertising and promotion | $459,696 |
| Office expenses | $4,162,905 |
| Information technology | $2,009,746 |
| Royalties | $0 |
| Occupancy | $5,777,603 |
| Travel | $3,192,115 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,150,568 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,849,204 |
| Insurance | $1,097,632 |
| All other expenses | $1,432,085 |
| Total functional expenses | $135,407,744 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,228,432 |
| Savings and temporary cash investments | $21,933,698 |
| Pledges and grants receivable | $700,965 |
| Accounts receivable, net | $514,317 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,562,783 |
| Inventories for sale or use | $812,958 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $113,270,318 |
| Investments—publicly traded securities | $134,605,547 |
| Investments—other securities | $135,690,500 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,553,894 |
| Total assets | $421,873,412 |
| Accounts payable and accrued expenses | $14,829,117 |
| Grants payable | $0 |
| Deferred revenue | $94,763 |
| Tax-exempt bond liabilities | $52,280,837 |
| 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 | $5,258,830 |
| Total liabilities | $72,463,547 |
| Net assets without donor restrictions | $89,888,681 |
| Net assets with donor restrictions | $259,521,184 |
| 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 | $421,873,412 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Allegheny College has recieved totaling $143,348.
| Awarding Organization | Amount |
|---|---|
Wm B Griffen Tr Ua For Charities Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $106,610 |
Anonymous Trust Raleigh, NC PURPOSE: SCHOLARSHIP FOR SAUL E MESA NUNEZ | $21,400 |
R Carl Mountser Trust Under Will Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $14,338 |
Spectrum Charitable Foundation Round Rock, TX PURPOSE: EDUCATION | $1,000 |
Endowment Analysis
| Beg. Balance | $287,735,598 |
| Earnings | -$11,330,902 |
| Net Contributions | $4,803,909 |
| Other Expense | $19,576,109 |
| Ending Balance | $261,632,496 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ithaca College Ithaca, NY | $834,703,732 | $365,679,639 |
Touro University New York, NY | $558,489,117 | $321,976,604 |
Saint Josephs University Philadelphia, PA | $901,366,941 | $347,052,680 |
Colgate University Treasurers Office Hamilton, NY | $1,984,946,016 | $378,114,548 |
Oberlin College Oberlin, OH | $1,432,118,020 | $305,531,376 |
Skidmore College Saratoga Springs, NY | $987,033,808 | $268,742,242 |
Lafayette College Easton, PA | $1,381,563,896 | $228,460,340 |
Swarthmore College Swarthmore, PA | $3,573,029,000 | $364,464,007 |
Denison University Granville, OH | $1,502,847,785 | $275,909,448 |
Barnard College New York, NY | $934,956,587 | $267,817,606 |
Gettysburg College Gettysburg, PA | $570,755,194 | $196,773,554 |
Trustees Of Hamilton College Clinton, NY | $1,394,895,135 | $220,131,728 |