Washington And Jefferson College
- Assets
- $317.9m
- Revenue
- $82.2m
- Investments
- $54.4m
- Employees
- 1,027
- Location
- Washington, PA
- Founding
- 07/1935
- Data as of
- 06/2020
- EIN
- 25-0965601
Organization Overview
Washington And Jefferson College is located in Washington, PA. The organization was established in 1935. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Washington And Jefferson College employed 1,027 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Washington And Jefferson 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 06/2020, Washington And Jefferson College generated $82.2m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $94.9m during the year ending 06/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE EDUCATION, THE DEVELOPMENT OF SKILLS, KNOWLEDGE, AND PERSONAL QUALITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WASHINGTON & JEFFERSON COLLEGE, FOUNDED IN 1781, IS KNOWN FOR ITS HIGHLY CUSTOMIZED AND INTELLECTUALLY ENGAGING STUDENT EXPERIENCE THAT DEVELOPS PROFESSIONALS OF UNCOMMON INTEGRITY TO LEAD IN AN EVER-CHANGING WORLD. THE FOUR HALLMARKS OF THIS EXPERIENCE ARE "CUSTOMIZED JOURNEYS," A UNIQUE, LIFE-CYCLE APPROACH TO SELF-DISCOVERY, ACADEMIC ADVISING AND CAREER DEVELOPMENT; "INTELLECTUAL ENGAGEMENT," INCLUDING A REQUIREMENT TO STUDY BROADLY IN TWO DIFFERENT ACADEMIC AREAS; "PROFESSIONAL READINESS," INDIVIDUALIZED DEVELOPMENTAL EXPERIENCES INCLUDING A REQUIRED PRACTICUM RELEVANT TO A DESIRED CAREER; AND "ETHICAL LEADERSHIP," A FOUR-YEAR CURRICULAR AND CO-CURRICULAR PROGRAM FOR ALL STUDENTS TO DEVELOP COMPETENCIES IN CONFLICT RESOLUTION, CIVIL DISCOURSE, PROFESSIONALISM, AND SERVICE TO OTHERS. STATISTICS - UNDERGRADUATE STUDENTS: 1,162 FULL-TIME EQUIVALENT STUDENTS INCLUDING 246 GRADUATES.BASED ON GUIDANCE FROM THE PENNSYLVANIA DEPARTMENT OF HEALTH ALONG WITH THE CENTERS FOR DISEASE CONTROL AND PREVENTION, THE COLLEGE FOLLOWED NUMEROUS OPERATING RECOMMENDATIONS FOR INSTITUTIONS OF HIGHER EDUCATION. THESE PROTOCOLS INCLUDED BUT WERE NOT LIMITED TO THE FOLLOWING ITEMS: 1) SIGNIFICANTLY REDUCED THE NUMBER OF STUDENTS WHO WERE ELIGIBLE TO LIVE ON CAMPUS; 2) RE-CONFIGURED CLASSROOMS, RESIDENCE HALLS, EATING SPACES AND OTHER COMMON AREAS TO ALLOW FOR RECOMMENDED SOCIAL DISTANCING; 3) IMPLEMENTED REGULAR COVID-19 TESTING AND ESTABLISHED ISOLATION AND QUARANTINE PROTOCOLS; 4) CONDUCTED ENHANCED CLEANING AND DISINFECTING THROUGHOUT CAMPUS; 5) MODIFIED AIR HANDLERS AND FILTERS FOR HVAC SYSTEMS; 6) POSTED SIGNS ON BUILDING ENTRANCES AND THROUGHOUT CAMPUS TO COMMUNICATE COVID-19 PROTOCOLS; AND 7) NUMEROUS OTHER COVID-19 MITIGATION INITIATIVES.
WASHINGTON & JEFFERSON COLLEGE OFFERS AUXILIARY SERVICES SUCH AS THE OPERATION OF THE CAMPUS STORE, CONFERENCES & EVENTS, AND LAUNDRY TO ENHANCE THE OVERALL EXPERIENCE OF ITS STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John C Knapp President | OfficerTrustee | 70 | $389,394 |
Jeffrey Frick Vp For Academic Affairs/dean Of College | Officer | 60 | $199,593 |
James Irwin VP For Business & Finance/cfo | Officer | 60 | $192,548 |
Nicole Focareto VP For Enrollment | Officer | 60 | $177,466 |
Kelly Kimberland Vp For Communications & Marketing | 60 | $168,410 | |
Michele Hufnagel Interim Vp For Dev. & Alumni Engagement | Officer | 60 | $166,746 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bon Appetit Management Company Food Services | 6/29/21 | $1,479,452 |
Metz Culinary Management Food Services | 6/29/21 | $1,261,767 |
Mosites Construction Company Construction | 6/29/21 | $1,254,429 |
Chadwick Contracting Llc Construction | 6/29/21 | $644,073 |
3 Enrollment Marketing Marketing Services | 6/29/21 | $583,975 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,538,829 |
| Investment income | $2,322,510 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $27,127 |
| Net Rental Income | -$107,418 |
| Net Gain/Loss on Asset Sales | -$2,726,076 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $81,375 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $82,152,318 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $34,694,307 |
| Grants and other assistance to Foreign Orgs/Individuals | $882,245 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $618,784 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $21,240,354 |
| Pension plan accruals and contributions | $2,069,020 |
| Other employee benefits | $6,191,616 |
| Payroll taxes | $1,737,217 |
| Fees for services: Management | $255,497 |
| Fees for services: Legal | $119,404 |
| Fees for services: Accounting | $102,876 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $422,696 |
| Fees for services: Other | $3,475,519 |
| Advertising and promotion | $755,721 |
| Office expenses | $709,008 |
| Information technology | $791,639 |
| Royalties | $0 |
| Occupancy | $3,015,516 |
| Travel | $522,352 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $897,488 |
| Interest | $2,181,625 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,263,438 |
| Insurance | $569,539 |
| All other expenses | $0 |
| Total functional expenses | $94,876,239 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,000 |
| Savings and temporary cash investments | $31,944,704 |
| Pledges and grants receivable | $815,347 |
| Accounts receivable, net | $1,511,450 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $732,316 |
| Inventories for sale or use | $183,187 |
| Prepaid expenses and deferred charges | $1,049,004 |
| Investments—publicly traded securities | $70,965,599 |
| Investments—other securities | $54,363,842 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $317,857,588 |
| Accounts payable and accrued expenses | $2,835,609 |
| Grants payable | $0 |
| Deferred revenue | $2,506,418 |
| Tax-exempt bond liabilities | $54,022,786 |
| 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 | $11,199,550 |
| Total liabilities | $70,564,363 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $247,293,225 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Washington And Jefferson College has recieved totaling $37,328.
| Awarding Organization | Amount |
|---|---|
Dr John D Singley Charitable 21-001-021923 Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $37,328 |
Endowment Analysis
| Beg. Balance | $127,019,087 |
| Earnings | $35,848,576 |
| Net Contributions | $3,060,896 |
| Other Expense | $7,519,866 |
| Grants | $3,749,025 |
| Ending Balance | $154,659,668 |
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 |