Thiel College
- Assets
- $92.0m
- Revenue
- $54.8m
- Investments
- $0.0
- Employees
- 650
- Location
- Greenville, PA
- Founding
- 08/1963
- Data as of
- 06/2022
- EIN
- 25-0965576
Organization Overview
Thiel College is located in Greenville, PA. The organization was established in 1963. 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, Thiel College employed 650 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thiel 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, Thiel College generated $54.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $49.9m during the year ending 06/2022. While expenses have increased by 8.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
POST SECONDARY UNDERGRADUATE AND GRADUATE EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDED IN 1866 AS A COEDUCATIONAL INSTITUTION IN WESTERN PENNSYLVANIA, THIEL COLLEGE IS AN INDEPENDENT LIBERAL ARTS COLLEGE ROOTED IN THE LUTHERAN TRADITION. OFFERING DISTINCTIVE PROGRAMS IN THE ARTS AND HUMANITIES, SOCIAL AND NATURAL SCIENCES, AND PROFESSIONAL STUDIES, TOGETHER WITH ENGAGING CO-CURRICULAR AND ATHLETIC OPPORTUNITIES, THIEL PROVIDES AN ACCESSIBLE AND INCLUSIVE LEARNING ENVIRONMENT THAT EMPHASIZES SERVICE TO SOCIETY. THIEL'S RESIDENTIAL CAMPUS OFFERS A SAFE AND SUPPORTIVE SETTING IN WHICH TO GROW AND LEARN.CONTINUED ON SCHEDULE O.THIEL COLLEGE IS AN INDEPENDENT LIBERAL ARTS, SCIENCES AND PROFESSIONAL STUDIES INSTITUTION COMMITTED TO PROVIDING QUALITY UNDERGRADUATE AND GRADUATE EDUCATION AND IS ACCREDITED BY THE MIDDLE STATES COMMISSION ON HIGHER EDUCATION.THIEL'S FALL ENROLLMENT WAS 770 UNDERGRADUATE STUDENTS AND 61 GRADUATE STUDENTS IN THE SLP, PA, MACL, AND MBA PROGRAMS; SPRING ENROLLMENT WAS 707 UNDERGRADUATE AND 57 GRADUATE STUDENTS. THE COLLEGE AWARDED MORE THAN $18.7 MILLION DOLLARS OF AID TO THESE STUDENTS. FISCAL 2022 CONTINUED TO BE CHALLENGING YEAR, AGAIN DUE TO THE PANDEMIC THAT AFFECTED THE OPERATION OF EVERYTHING WORLDWIDE. THIEL WAS ABLE TO SERVE OUR STUDENTS FACE TO FACE, WITH MASSIVE ADJUSTMENTS TO WHAT WOULD BE OUR REGULAR MEANS OF DELIVERY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Hudson Chair | OfficerTrustee | 1.5 | $0 |
Leah Dever Vice Chair | OfficerTrustee | 1.5 | $0 |
Jane Bittcher Secretary (until 10/2021) | OfficerTrustee | 1.5 | $0 |
Mark Benninghoff Secretary | OfficerTrustee | 1.5 | $0 |
Rod E Wilt Treasurer | OfficerTrustee | 1.5 | $0 |
Dr Edward Bartko Trustee | Trustee | 1.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Avi Foodsystems Inc Campus Food Services | 6/29/22 | $2,078,666 |
Hudson Construction Construction Services | 6/29/22 | $5,111,104 |
Kusich Construction Services | 6/29/22 | $1,361,877 |
Renick Construction Services | 6/29/22 | $1,033,806 |
Sr Roofing Construction Services | 6/29/22 | $320,158 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $10,746 |
| Related organizations | $0 |
| Government grants | $3,457,831 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,735,382 |
| Noncash contributions included in lines 1a–1f | $52,450 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,203,959 |
| Total Program Service Revenue | $37,783,360 |
| Investment income | $900,141 |
| Tax Exempt Bond Proceeds | $1,985 |
| Royalties | $0 |
| Net Rental Income | -$2,673 |
| Net Gain/Loss on Asset Sales | $652,033 |
| Net Income from Fundraising Events | -$25,489 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $54,796,913 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $19,148,105 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,070,109 |
| Compensation of current officers, directors, key employees. | $422,146 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,088,236 |
| Pension plan accruals and contributions | $399,347 |
| Other employee benefits | $2,084,270 |
| Payroll taxes | $852,895 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $27,121 |
| Fees for services: Accounting | $89,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $152,455 |
| Fees for services: Other | $3,699,902 |
| Advertising and promotion | $497,208 |
| Office expenses | $1,128,299 |
| Information technology | $657,268 |
| Royalties | $0 |
| Occupancy | $1,335,797 |
| Travel | $476,768 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $598 |
| Interest | $1,994,905 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,259,773 |
| Insurance | $592,619 |
| All other expenses | $419,475 |
| Total functional expenses | $49,861,555 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,638 |
| Savings and temporary cash investments | $8,692,601 |
| Pledges and grants receivable | $2,958,968 |
| Accounts receivable, net | $2,226,537 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $150,790 |
| Prepaid expenses and deferred charges | $999,288 |
| Net Land, buildings, and equipment | $40,729,783 |
| Investments—publicly traded securities | $28,022,598 |
| Investments—other securities | $0 |
| Investments—program-related | $510,612 |
| Intangible assets | $0 |
| Other assets | $7,727,778 |
| Total assets | $92,020,593 |
| Accounts payable and accrued expenses | $1,882,865 |
| Grants payable | $0 |
| Deferred revenue | $658,176 |
| Tax-exempt bond liabilities | $30,961,650 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $475,432 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,502,069 |
| Total liabilities | $38,480,192 |
| Net assets without donor restrictions | $6,033,221 |
| Net assets with donor restrictions | $47,507,180 |
| 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 | $92,020,593 |