Point Park University
- Assets
- $213.5m
- Revenue
- $122.4m
- Investments
- $0.0
- Employees
- 1,606
- Location
- Pittsburgh, PA
- Founding
- 06/1962
- Data as of
- 08/2021
- EIN
- 25-1094922
Organization Overview
Point Park University is located in Pittsburgh, PA. The organization was established in 1962. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 08/2021, Point Park University employed 1,606 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Point Park University 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 08/2021, Point Park University generated $122.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $123.8m during the year ending 08/2021. While expenses have increased by 1.6% per year over the past 6 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, Point Park University has awarded 28 individual grants totaling $5,281,318. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
HIGHER EDUCATION
Describe the Organization's Program Activity:
INSTRUCTION- INCLUDES 5 ACADEMIC SCHOOLS; SCHOOL OF ARTS & SCIENCES, ROWLAND SCHOOL OF BUSINESS, SCHOOL OF COMMUNICATION, CONVERSATORY OF PERFORMING ARTS, AND SCHOOL OF EDUCATION, SERVING 2,791 UNDERGRADUATE AND 800 GRADUATE STUDENTS (FALL 2020 CENSUS), AS WELL AS THE PITTSBURGH PLAYHOUSE WHICH PROVIDE APPLIED TRAINING FOR STUDENTS. POPULAR AREAS OF STUDY ARE CRIMINAL JUSTICE & NATIONAL SECURITY, HUMANITIES & SOCIAL SCIENCES, LITERARY ARTS, NATURAL SCIENCES & ENGINEERING TECHNOLOGY, PSYCHOLOGY, ACCOUNTING, ECONOMICS, FINANCE, INFORMATION TECHNOLOGY, BUSINESS MANAGEMENT, SPORTS, ARTS, & ENTERTAINMENT MANAGEMENT, COMMUNICATIONS, CINEMA ARTS, DANCE, THEATRE, COMMUNITY ENGAGEMENT, & EDUCATION. IN ADDITION TO NUMBEROUS UNDERGRADUATE DEGREES, THE SCHOOL OFFERS TWENTY- TWO MASTER'S DEGREES AND THREE DOCTORAL DEGREES. INCLUDES PHYSICAL PLANT ALLOCATION.DUE TO THE COVID PANDEMIC IN SPRING 2020, 1,200 IN-PERSON COURSES WERE CONVERTED TO ONLINE. IN FALL 2020 A HYFLEX APPROACH COMBINATION OF ONLINE AND ON-GROUND WAS ADOPTED TO HELP ENSURE SAFETY OF STUDENTS, FACULTY AND STAFF. MEASURES WERE TAKEN TO PROMOTE SOCIAL DISTANCING, MASK WEARING, AND OTHER SAFETY PROTOCOLS TO PREVENT THE SPREAD OF COVID-19. FOR FALL 2021 THE SCHOOL RETURNED TO ON-CAMPUS, IN-PERSON INSTRUCTION AND TO TRADITIONAL CAMPUS ACTIVITIES, BUT STRONGLY ENCOURAGED VACCINATIONS/ TESTING, CONTINUING ISOLATION AND QUARANTINE POLICIES, AND TEACHING MODALITIES, ESPECIALLY FOR STUDENTS IN HIGH- RISK HEALTH GROUPS.
ACADEMIC SUPPORT & STUDENT SERVICES- ACADEMIC SUPPORT PROVIDES SUPPORT FOR THE SCHOOL'S PRIMARY ACADEMIC MISSION. INCLUDES LIBRARY SERVICES, PROGRAM FOR ACADEMIC SUCCESS, INFORMATION & MEDIA CENTERS & PROVOST OFFICE & CENTER FOR TEACHING EXCELLENCE. STUDENT SERVICES INCLUDES ADMISSIONS, CAREER DEVELOPMENT, FINANCIAL AID ADMINISTRATION, REGISTRAR, STUDENT ACTIVITIES, STUDENT AFFAIRS OFFICE, AS WELL AS 13 MEN'S AND WOMEN'S INTERCOLLEGIATE ATHLETIC TEAMS. INCLUDES PHYSICAL PLANT ALLOCATION.
AUXILIARY ENTERPRISES- SUPPORT OF DORMITORIES, DINING HALL, CAFE, BOOKSTORE AND RECREATION CENTER FOR STUDENTS, FACULTY AND STAFF OF THE UNIVERSITY. INCLUDES PHYSICAL PLANT ALLOCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Hennigan President End 7/21sec. & President Emeritus | Officer | 40 | $519,129 |
Bridget Mancosh Sr VP Of Finance/adm & Board Tres. | Officer | 40 | $291,328 |
John H Pearson End 43021 Provost/ Spec. Advisor | Officer | 40 | $224,552 |
Karen Mcintyre Professor & Former Officer | 40 | $200,657 | |
Lisa Stefanko VP Of Hr, Equity & Incl. | Officer | 40 | $185,053 |
Trudy Williams VP Of Enrollment | Officer | 40 | $169,966 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wiley Edu Llc Online Educ Services | 8/30/21 | $2,801,321 |
Iss Facility Services Cleaning | 8/30/21 | $2,048,895 |
Culinart Food Service | 8/30/21 | $2,394,423 |
K-12 Teachers Alliance Online Educ Services | 8/30/21 | $669,464 |
Integraone It Support | 8/30/21 | $512,491 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $43,323 |
| Related organizations | $0 |
| Government grants | $7,765,837 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,298,231 |
| Noncash contributions included in lines 1a–1f | $2,606 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,107,391 |
| Total Program Service Revenue | $110,481,834 |
| Investment income | $1,280,231 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $176,046 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $349,798 |
| Net Income from Fundraising Events | -$15,734 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $122,379,566 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $53,998 |
| Grants and other assistance to domestic individuals. | $43,768,030 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,080,748 |
| Compensation of current officers, directors, key employees. | $1,635,892 |
| Compensation to disqualified persons | $234,895 |
| Other salaries and wages | $31,820,436 |
| Pension plan accruals and contributions | $1,368,440 |
| Other employee benefits | $7,112,746 |
| Payroll taxes | $2,444,405 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $933,931 |
| Fees for services: Accounting | $169,414 |
| Fees for services: Lobbying | $49,214 |
| Fees for services: Fundraising | $43,000 |
| Fees for services: Investment Management | $88,674 |
| Fees for services: Other | $4,730,475 |
| Advertising and promotion | $1,674,468 |
| Office expenses | $1,797,965 |
| Information technology | $1,301,001 |
| Royalties | $7,131 |
| Occupancy | $10,727,323 |
| Travel | $528,503 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $295,878 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,695,875 |
| Insurance | $220,301 |
| All other expenses | $567,400 |
| Total functional expenses | $123,752,230 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,849,621 |
| Savings and temporary cash investments | $15,295,185 |
| Pledges and grants receivable | $499,680 |
| Accounts receivable, net | $1,216,725 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $239,689 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,449,171 |
| Net Land, buildings, and equipment | $130,707,847 |
| Investments—publicly traded securities | $56,864,169 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $388,755 |
| Total assets | $213,510,842 |
| Accounts payable and accrued expenses | $5,597,628 |
| Grants payable | $0 |
| Deferred revenue | $9,803,318 |
| Tax-exempt bond liabilities | $42,958,251 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $60,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,673,384 |
| Total liabilities | $68,092,581 |
| Net assets without donor restrictions | $115,740,203 |
| Net assets with donor restrictions | $29,678,058 |
| 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 | $213,510,842 |
Grants Awarded
Over the last fiscal year, Point Park University has awarded $13,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Pittsburgh, PA PURPOSE: OUTREACH TO UNDERSERVED STUDENTS | $7,500 |
Santa Fe, NM PURPOSE: INNOVATIVE MEDIA DEVELOPMENT | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 21 grants that Point Park University has recieved totaling $2,065,054.
| Awarding Organization | Amount |
|---|---|
Allegheny Foundation Pittsburgh, PA PURPOSE: CAPITAL SUPPORT | $750,000 |
Allegheny Foundation Pittsburgh, PA PURPOSE: CAPITAL SUPPORT | $750,000 |
Pittsburgh Foundation Pittsburgh, PA PURPOSE: EDUCATION | $233,656 |
The Heinz Endowments Pittsburgh, PA PURPOSE: TO SUPPORT THE CENTER FOR MEDIA INNOVATION FOR TWO YEARS (2021-2022) | $100,000 |
The Heinz Endowments Pittsburgh, PA PURPOSE: TO SUPPORT THE CENTER FOR MEDIA INNOVATION FOR TWO YEARS (2021-2022) | $100,000 |
Community Foundation Of Western Pennsylvania And Eastern Ohio Sharon, PA PURPOSE: PROGRAM SUPPORT | $25,000 |
Endowment Analysis
| Beg. Balance | $49,958,794 |
| Earnings | $9,326,683 |
| Net Contributions | $61,543 |
| Other Expense | $1,388,295 |
| Grants | $441,389 |
| Ending Balance | $57,517,336 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fordham University Bronx, NY | $2,430,141,698 | $953,892,663 |
Rochester Institute Of Technology Rochester, NY | $2,526,196,996 | $1,071,324,345 |
St Johns University New York Jamaica, NY | $1,703,677,283 | $798,473,536 |
University Of Dayton Dayton, OH | $1,782,604,426 | $747,930,230 |
Villanova University Villanova, PA | $2,287,455,797 | $872,271,471 |
Rensselaer Polytechnic Institute Troy, NY | $1,598,843,813 | $653,047,178 |
Rockefeller University New York, NY | $4,263,008,941 | $535,346,959 |
Lehigh University Bethlehem, PA | $3,057,301,515 | $713,288,867 |
The New School New York, NY | $1,263,076,833 | $558,997,855 |
Hofstra University Hempstead, NY | $1,538,245,078 | $606,887,297 |
American University Of Beirut New York, NY | $1,902,791,001 | $608,300,843 |
Seton Hall University South Orange, NJ | $890,349,000 | $473,034,000 |