Geneva College
- Assets
- $97.9m
- Revenue
- $58.7m
- Investments
- $8.2m
- Employees
- 904
- Location
- Beaver Falls, PA
- Founding
- 04/1941
- Data as of
- 05/2023
- EIN
- 25-0965376
Organization Overview
Geneva College is located in Beaver Falls, PA. The organization was established in 1941. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 05/2023, Geneva College employed 904 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Geneva 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 05/2023, Geneva College generated $58.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $51.5m during the year ending 05/2023. While expenses have increased by 0.3% 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
GENEVA COLLEGE IS A CHRIST-CENTERED ACADEMIC COMMUNITY THAT PROVIDES A COMPREHENSIVE EDUCATION TO EQUIP STUDENTS FOR FAITHFUL AND FRUITFUL SERVICE TO GOD AND NEIGHBOR.
Describe the Organization's Program Activity:
GENEVA COLLEGE IS A CHRIST-CENTERED ACCADEMIC COMMUNITY THAT PROVIDES A COMPREHENSIVE EDUCATION TO EQUIP STUDENTS FOR FAITHFUL AND FRUITFUL SERVICE TO GOD AND NEIGHBOR. THE COLLEGE OFFERS 145 TRADITIONAL UNDERGRADUATE MAJORS AND PROGRAMS, FULLY ONLINE ADULT DEGREE PROGRAMS AND HIGH-DEMAND GRADUATE DEGREES. ADHERING TO THE TRUTH OF SCRIPTURE, A GENEVA EDUCATION IS GROUNDED IN GOD'S WORD, AS WELL AS IN A CORE CURRICULUM DESIGNED TO PREPARE STUDENTS VOCATIONALLY TO THINK, WRITE AND COMMUNICATE WELL IN TODAY'S WORLD. THE COLLEGE IS A NONPROFIT INSTITUTION LOCATED IN BEAVER FALLS, PENNSYLVANIA AND WAS FOUNDED IN 1848. SEE CONTINUATION ON SCHEDULE O.
ACADEMIC SUPPORT, STUDENT SERVICES, AND AUXILIARY SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joel Silverman Chairman | OfficerTrustee | 1 | $0 |
Kenneth DE Jong Vice Chair/corporator | OfficerTrustee | 1 | $0 |
Dr Bonnie Weir Secretary/corporator | OfficerTrustee | 1 | $0 |
Gregory Beechaum Trustee | Trustee | 1 | $0 |
John P Edgar ESQ Trustee | Trustee | 1 | $0 |
Kathryn Gardner Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pioneer College Caterers Inc Food Service | 5/30/23 | $2,166,770 |
Ccbc Nursing And Aviation Academic Program Pr | 5/30/23 | $354,969 |
Emerge Education Llc Online Degree Programs Recruitment | 5/30/23 | $254,035 |
Jenzabar Software Solutions | 5/30/23 | $233,425 |
Reno Brothers Inc Mechanical Contractors | 5/30/23 | $227,003 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $11,268,825 |
| Government grants | $4,244,637 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,784,988 |
| Noncash contributions included in lines 1a–1f | $9,300,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,298,450 |
| Total Program Service Revenue | $40,393,542 |
| Investment income | $2,121,768 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $9,352 |
| Net Rental Income | $60,225 |
| Net Gain/Loss on Asset Sales | -$1,142,454 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $58,740,883 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $92,535 |
| Grants and other assistance to domestic individuals. | $15,210,689 |
| Grants and other assistance to Foreign Orgs/Individuals | $29,864 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $592,943 |
| Compensation of current officers, directors, key employees. | $235,698 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,491,983 |
| Pension plan accruals and contributions | $578,016 |
| Other employee benefits | $3,329,167 |
| Payroll taxes | $1,150,285 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $71,404 |
| Fees for services: Accounting | $112,959 |
| Fees for services: Lobbying | $632 |
| Fees for services: Fundraising | $115,238 |
| Fees for services: Investment Management | $266,852 |
| Fees for services: Other | $1,323,927 |
| Advertising and promotion | $494,168 |
| Office expenses | $1,714,752 |
| Information technology | $875,062 |
| Royalties | $0 |
| Occupancy | $1,310,742 |
| Travel | $1,304,013 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $39,921 |
| Interest | $43,906 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,654,737 |
| Insurance | $416,665 |
| All other expenses | $1,535,468 |
| Total functional expenses | $51,499,151 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,104,327 |
| Savings and temporary cash investments | $1,094,003 |
| Pledges and grants receivable | $7,078 |
| Accounts receivable, net | $4,925,811 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $236,814 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $33,937,626 |
| Investments—publicly traded securities | $43,340,012 |
| Investments—other securities | $8,222,617 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,983,748 |
| Total assets | $97,852,036 |
| Accounts payable and accrued expenses | $4,639,137 |
| Grants payable | $0 |
| Deferred revenue | $1,232,897 |
| 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 | $1,163,748 |
| Total liabilities | $7,035,782 |
| Net assets without donor restrictions | $28,923,698 |
| Net assets with donor restrictions | $61,892,556 |
| 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 | $97,852,036 |