Grove City College
- Assets
- $365.5m
- Revenue
- $83.3m
- Investments
- $79.5m
- Employees
- 1,562
- Location
- Grove City, PA
- Founding
- 10/1942
- Data as of
- 06/2021
- EIN
- 25-1065148
Organization Overview
Grove City College is located in Grove City, 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, Grove City College employed 1,562 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grove City 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 06/2021, Grove City College generated $83.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $84.0m during the year ending 06/2021. While expenses have increased by 2.0% 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.
Since 2015, Grove City College has awarded 21 individual grants totaling $261,771. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
A SCHOOL OF HIGHER EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACADEMIC INSTRUCTION
ACADEMIC SUPPORT - INCLUDES EXPENSES FOR LIBRARY, ATHLETICS, AND STUDENT HEALTH CENTER
AUXILIARY ENTERPRISES - INCLUDES EXPENSES FOR DINING HALLS, DORMITORIES, BOOKSTORE, AND FOUNTAIN ROOM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul J Mcnulty JD President | Officer | 40 | $344,751 |
Michael Buckman Vice President For Business & Finance | Officer | 40 | $194,505 |
Richard Savage Dean, Hopeman School | 40 | $177,371 | |
Peter Frank PHD Provost & Vice President | Officer | 40 | $171,002 |
Jeff Prokovich Vice President For Institutional Advancement | Officer | 40 | $151,224 |
Christy Crute Director, Graduate & Online Education | 40 | $131,766 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Printing Concepts Printing And Mail Services | 6/29/22 | $390,105 |
Renick Brothers Construction Services | 6/29/22 | $1,483,766 |
Campbell Bus Line Transportation Services | 6/29/22 | $297,205 |
Bon Appetit Management Company Food Service Mgmt | 6/29/22 | $5,912,466 |
Landau Building Company Construction Services | 6/29/22 | $4,419,203 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,717,159 |
| Investment income | $902,926 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,854,139 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $83,257,741 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $10,059,738 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,427,526 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $29,809,732 |
| Pension plan accruals and contributions | $2,849,686 |
| Other employee benefits | $3,747,836 |
| Payroll taxes | $2,084,906 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $77,978 |
| Fees for services: Accounting | $141,449 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $13,002 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $890,458 |
| Advertising and promotion | $782,883 |
| Office expenses | $1,557,249 |
| Information technology | $2,255,626 |
| Royalties | $0 |
| Occupancy | $4,915,573 |
| Travel | $212,578 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $246,241 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,639,964 |
| Insurance | $153,082 |
| All other expenses | $0 |
| Total functional expenses | $84,022,290 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,003,034 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $7,936,103 |
| Accounts receivable, net | $302,906 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $259,425 |
| Prepaid expenses and deferred charges | $2,255,601 |
| Investments—publicly traded securities | $112,752,899 |
| Investments—other securities | $79,508,328 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,042,904 |
| Total assets | $365,541,622 |
| Accounts payable and accrued expenses | $6,089,184 |
| Grants payable | $0 |
| Deferred revenue | $2,065,680 |
| 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 | $4,138,535 |
| Unsecured mortgages and notes payable | $1,340,363 |
| Other liabilities | $10,424,067 |
| Total liabilities | $24,057,829 |
| 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 | $341,483,793 |
Grants Awarded
Over the last fiscal year, Grove City College has awarded $34,166 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
BOROUGH OF GROVE CITY PURPOSE: CONTRIBUTION | $16,666 |
Grove City, PA PURPOSE: CONTRIBUTION | $10,000 |
VERITAS ACADEMY OF THE ARTS INC PURPOSE: CONTRIBUTION | $7,500 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Grove City College has recieved totaling $9,500.
| Awarding Organization | Amount |
|---|---|
Ehlers Family Foundation Inc Belleair, FL PURPOSE: CHARITABLE CONTRIBUTION | $5,000 |
John & Dorothy F Masternick Foundation Girard, OH PURPOSE: EDUCATION & SCHOLARSHIP PROGRAMS | $2,500 |
Trust Uw F Roger Miller Dallas, TX PURPOSE: SCHOLARSHIP-JANE VANNOY | $2,000 |
Endowment Analysis
| Beg. Balance | $192,578,371 |
| Earnings | -$4,346,119 |
| Net Contributions | $7,321,067 |
| Other Expense | $2,423,244 |
| Grants | -$9,628,474 |
| Ending Balance | $188,348,089 |
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 |