Point Park University in Pittsburgh, Pennsylvania (PA)

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Point Park University
Employer Identification Number (EIN)251094922
Name of OrganizationPoint Park University
Address201 Wood St, Pittsburgh, PA 15222-1912
SubsectionEducational Organization
Ruling Date06/1962
DeductibilityContributions are deductible
FoundationOrganization which operates for benefit of college or university and is owned or operated by a governmental unit
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period08/2013
Assets$50,000,000 to greater
Income$50,000,000 to greater
Filing Requirement990 (all other) or 990EZ return
Asset Amount$163,217,038
Amount of Income$114,349,902
Form 990 Revenue Amount$112,011,113
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Undergraduate College (4-year)


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Amount of income in 2013: $114,349,902
This organization: 

 $114,349,902
Other organizations performing similar types of work: 

 $66,253,053

Assets in 2013: $163,217,038
Point Park University: 

 $163,217,038
Other organizations performing similar types of work: 

 $118,174,264

Expenses in 2013: $95,706,786
Point Park University: 

 $95,706,786
Other organizations performing similar types of work: 

 $52,716,293

Income to expenses ratio in 2013: 1.2
Point Park University: 

 1.2
Other organizations performing similar types of work: 

 1.2

Expenses allocated to program services in 2007: 88.0%
This organization: 

 88.0%
Other organizations performing similar types of work: 

 83.2%

Number of employees in 2013: 1,747
Point Park University: 

 1,747
Other organizations performing similar types of work: 

 1,113

Employees paid over $100,000 in 2013: 3.7%
Point Park University: 

 3.7%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2013: 14.2%
Point Park University: 

 14.2%
Other organizations performing similar types of work: 

 4.4%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Checklist
20122013
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?YesYes
Is the organization required to complete Schedule B, Schedule of Contributors?YesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?YesYes
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?YesYes
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?YesYes
Did the organization report an amount for land, buildings, and equipment?YesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?NoNo
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?NoNo
Did the organization report an amount for other liabilities?YesYes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?YesYes
Did the organization obtain separate, independent audited financial statements for the tax year?YesYes
Was the organization included in consolidated, independent audited financial statements for the tax year?NoNo
Is the organization a school described in section 170(b)(1)(A)(ii)?YesYes
Did the organization maintain an office, employees, or agents outside of the United States?NoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?YesYes
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?YesYes
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?NoNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?YesYes
Did the organization report more than $15,000 of gross income from gaming activities?NoNo
Did the organization operate one or more hospital facilities?NoNo
Did the organization attach a copy of its audited financial statements?NoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?YesYes
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?YesYes
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?YesYes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?YesYes
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoNo
A family member of a current or former officer, director, trustee, or key employee?NoNo
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?YesNo
Did the organization receive more than $25,000 in non-cash contributions?YesNo
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?NoNo
Was the organization related to any tax-exempt or taxable entity?NoNo
Did the organization have a controlled entity within the meaning of section 512(b)(13)?NoNo
Did the organization make any transfers to an exempt non-charitable related organization?NoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNo
Statements Regarding Other IRS Filings and Tax Compliance
201120122013
The number reported in Box 3 of Form 10965,4055,245
The number of Forms W-2G00
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?YesYes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return1,7961,747
Did the organization file all required federal employment tax returns?YesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?YesNoNo
Has it filed a Form 990-T for this year?NoNo
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?NoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNo
Did the organization file Form 8886-T?NoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?YesYes
Did the organization notify the donor of the value of the goods or services provided?YesYes
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNo
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities $0$0$0
Gross income from members or shareholders$0$0$0
Gross income from other sources$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNo
The amount of tax-exempt interest received or accrued during the year$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0
The amount of reserves on hand$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNo
Has it filed a Form 720 to report these payments?NoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
20122013
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$2,805,570$2,138,717
Total reportable compensation from related organizations$0$0
Total estimated amount of other compensation from the organization and related organizations$392,377$376,956
Total number of individuals who received more than $100,000 of reportable compensation from the organization3533
Total number of independent contractors who received more than $100,000 of compensation from the organization1931
Statement of Revenue
201120122013
Total revenue$99,975,364$96,062,029$112,011,113
Contributions, Gifts, Grants and Other Similar Amounts$7,626,340$3,649,990$15,885,515
Program Service Revenue$89,168,373$92,028,172$94,983,135
Educational Support Services$81,476,782$84,122,977
Rooming and Boarding Houses $9,138,115$9,320,916
711300$671,931$707,159
Other Activities Related to Real Estate $305,680$302,953
Book Stores $234,377$221,915
All other program service revenue$201,287$307,215
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$652,840$647,806$833,645
Income from investment of tax-exempt bond proceeds$74$0$0
Royalties$176,047$176,047$176,047
Net rental income$443,994$525,665$74,038
Gross rents (Real / Personal)$1,008,908 / $0$1,013,955 / $0$123,862 / $0
Less: rental expenses (Real / Personal)$564,914 / $0$488,290 / $0$49,824 / $0
Rental income or (loss) (Real / Personal)$443,994 / $0$525,665 / $0$74,038 / $0
Net gain/loss from sales of assets other than inventory$2,046,000$-917,745$91,087
Gross amount from sales of assets other than inventory (Securities / Other)$18,597,744 / $0$7,612,486 / $0$2,271,624 / $0
Less: cost or other basis and sales expenses (Securities / Other)$16,551,744 / $0$8,530,231 / $0$2,180,537 / $0
Gain or (loss) (Securities / Other)$2,046,000 / $0$-917,745 / $0$91,087 / $0
Net income/loss from fundraising events$-138,304$-47,906$-32,354
Gross income from fundraising events$87,814$65,017$76,074
Less: direct expenses$226,118$112,923$108,428
Net income/loss from gaming activities$0$0$0
Net income/loss from sales of inventory$0$0$0
Miscellaneous Revenue$0$0$0
Statement of Functional Expenses
201120122013
Total functional expenses$91,550,239$92,921,144$95,706,786
Grants and other assistance to domestic organizations and domestic governments$99,000$61,640
Grants and other assistance to domestic individuals$22,273,307$24,324,255
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$24,000$25,970
Benefits paid to or for members$0$0
Compensation of current officers, directors, trustees, and key employees$1,772,715$1,753,655$1,508,711
Compensation not included above, to disqualified persons$0$241,971
Other salaries and wages$27,826,021$28,744,444$29,022,234
Pension plan accruals and contributions$1,385,005$1,417,473
Other employee benefits$4,698,538$5,089,166
Payroll taxes$2,063,725$2,116,612$2,167,277
Fees for services (non-employees)
Management$0$0
Legal$588,482$381,452
Accounting$218,830$215,890
Lobbying$54,222$50,896
Professional fundraising services$38,491$0$12,600
Investment management fees$105,593$0
Other$1,639,554$1,640,824
Advertising and promotion$1,913,971$1,837,217
Office expenses$2,885,879$2,941,555
Information technology$316,695$420,715
Royalties$28,010$37,678
Occupancy$9,873,086$10,225,374
Travel$1,255,000$1,262,854
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0
Conferences, conventions, and meetings$829,293$907,867
Interest$0$0
Payments to affiliates$0$0
Depreciation, depletion, and amortization$5,721,091$5,663,372
Insurance$101,330$222,929
Other expenses$2,591,630$2,603,920
Other expenses$1,788,848$1,739,126
Other expenses$756,175$533,384
Other expenses$559,843$429,504
Other expenses$599,051$720,932
Balance Sheet
201120122013
Total assets$146,782,388$147,657,880$163,217,038
Cash - non-interest-bearing$25,155,009$310,684
Savings and temporary cash investments$0$32,259,835
Pledges and grants receivable, net$2,122,599$1,793,260
Accounts receivable, net$564,363$946,998
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0
Notes and loans receivable, net$775,626$784,991
Inventories for sale or use$0$0
Prepaid expenses and deferred charges$1,056,504$1,307,225
Land, buildings, and equipment: cost or other basis$94,642,183$95,225,373
Investments - publicly traded securities$22,021,820$29,986,804
Investments - other securities$859,469$0
Investments - program-related$330,307$266,650
Intangible assets$0$0
Other assets$130,000$335,218
Total liabilities$80,690,756$75,963,054$73,889,676
Accounts payable and accrued expenses$3,917,058$4,160,808
Grants payable$0$0
Deferred revenue$10,429,696$9,286,281
Tax-exempt bond liabilities$49,242,958$49,625,624$48,130,895
Escrow or custodial account liability$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0
Secured mortgages and notes payable to unrelated third parties$11,751,665$9,362,236$8,780,309
Unsecured notes and loans payable to unrelated third parties$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$2,628,440$3,531,383
Total net assets or fund balances$66,091,632$71,694,826$89,327,362
Unrestricted net assets$55,819,423$62,739,383
Temporarily restricted net assets$7,365,496$16,747,130
Permanently restricted net assets$8,509,907$9,840,849
Capital stock or trust principal, or current funds$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:A school described in section 170(b)(1)(A)(ii)
Number of organizations supported0
Sum of amounts of support$0
Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$31,759,219$32,555,850$38,830,456$40,958,839$44,047,267$50,769,385$59,570,189$73,523,826
Contributions, gifts, grants, and similar amounts received$4,241,324$2,658,375$5,799,265$3,285,665$2,961,875$4,604,452$6,170,041$4,045,390
Contributions to donor advised funds$0$0
Direct public support$3,398,379$1,311,521$4,639,473$2,050,029$1,440,984$2,884,999$3,365,527$1,965,228
Indirect public support$0$0$0$0$0$0$0$0
Government contributions (grants)$842,945$1,346,854$1,159,792$1,235,636$1,520,891$1,719,453$2,804,514$2,080,162
Program service revenue including government fees and contracts$26,615,523$29,745,456$32,694,718$37,391,022$40,396,387$44,575,367$50,680,057$67,030,468
Membership dues and assessments$0$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$894,797$235,552$166,291$168,898$395,132$1,014,533$1,479,086$949,886
Dividends and interest from securities$0$125,296$160,023$118,953$220,243$378,700$772,046$1,205,232
Net rental income or (loss)$22,129$23,949$-9,885$29,970$63,179$82,437$250,805$307,367
Gross rents$50,400$98,600$37,012$82,335$98,100$169,782$979,514$1,826,263
Less: rental expenses$28,271$74,651$46,897$52,365$34,921$87,345$728,709$1,518,896
Other investment income$0$0$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$0$-218,832$31,701$46,389$68,919$43,162$277,001$-38,646
Gross amount from sales of assets other than inventory$0$3,599,108$922,487$1,204,100$8,531,993$969,497$3,050,263$6,620,742
Less: cost or other basis and sales expenses$0$3,817,940$890,786$1,157,711$8,463,074$926,335$2,773,262$6,659,388
Net income or (loss) from special events and activities$-14,554$-13,946$-11,657$-82,058$-58,468$-91,589$-234,894$-151,918
Gross revenue$98,544$95,408$116,285$78,421$101,450$104,477$119,662$142,973
Less: direct expenses other than fundraising expenses$113,098$109,354$127,942$160,479$159,918$196,066$354,556$294,891
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0$0
Other revenue$0$0$0$0$0$162,323$176,047$176,047
Total expenses$28,690,128$30,426,876$32,914,163$38,563,399$41,307,200$45,955,139$52,391,033$69,103,839
Program services$26,913,725$28,772,395$31,122,118$32,521,397$34,957,342$38,842,618$44,050,982$60,805,161
Management and general$1,248,611$1,107,062$1,205,840$5,177,850$5,206,436$5,786,587$6,904,701$6,488,149
Fundraising$527,792$547,419$586,205$864,152$1,143,422$1,325,934$1,435,350$1,810,529
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$23,669,870$25,211,728$31,654,442$34,540,567$38,128,226$42,407,979$50,420,794$52,528,130
Excess or (deficit) for the year$3,069,091$2,128,974$5,916,293$2,395,440$2,740,067$4,814,246$7,179,156$4,419,987
Net assets or fund balances at beginning of year$21,733,528$23,669,870$25,211,728$31,654,442$34,540,567$38,128,226$42,407,979$50,420,794
Other changes in net assets or fund balances$-1,132,749$-587,116$526,421$490,685$847,592$-534,493$833,659$-2,312,651
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$69,103,839$60,805,161$6,488,149$1,810,529
Grants paid from donor advised funds$0
Other grants and allocations$11,883,470
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$1,396,343$627,170$600,147$169,026
Compensation of former officers, directors, key employees, etc.$267,033$239,811$0$27,222
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$22,648,485$20,246,483$1,850,121$551,881
Pension plan contributions not included above$1,022,275$802,636$191,814$27,825
Employee benefits not included above$3,686,779$2,876,804$738,379$71,596
Payroll taxes$1,717,616$1,318,525$345,684$53,407
Professional fundraising fees$86,775$0$0$86,775
Accounting fees$76,402$0$76,402$0
Legal fees$216,670$0$216,670$0
Supplies$999,373$862,009$107,063$30,301
Telephone$284,890$271,130$10,104$3,656
Postage and shipping$358,230$271,003$67,425$19,802
Occupancy$5,036,869$4,096,841$737,102$202,926
Equipment rental and maintenance$910,005$890,782$13,756$5,467
Printing and publications$578,569$393,405$134,053$51,111
Travel$811,630$713,407$40,079$58,144
Conferences, conventions, and meetings$579,247$360,517$149,141$69,589
Interest$1,431,300$1,223,718$162,554$45,028
Depreciation, depletion, etc.$3,423,618$2,927,090$388,823$107,705
Other expenses not covered above$11,688,260$10,800,360$658,832$229,068
Balance Sheets
20002001200220032004200520062007
Total assets$34,653,782$36,564,804$42,677,045$47,961,926$57,576,103$74,118,733$99,679,895$133,048,741
Cash - non-interest-bearing$0$0$0$0$0$0$0$0
Savings and temporary cash investments$5,948,638$3,913,886$1,037,774$2,038,732$8,732,068$16,627,694$20,713,278$29,880,413
Accounts receivable less allowance for doubtful accounts$558,846$430,022$533,222$644,118$697,944$1,012,159$896,340$853,387
Pledges receivable less allowance for doubtful accounts$693,335$713,444$1,726,387$968,264$299,823$280,129$202,764$572,657
Grants receivable$0$0$0$0$0$0$471,763$60,427
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$677,869$740,427$676,654$725,464$816,378$811,826$886,667$949,462
Inventories for sale or use$0$0$0$0$0$0$0$0
Prepaid expenses and deferred charges$404,706$369,839$873,445$606,768$781,588$510,521$1,028,922$972,922
Investments - publicly-traded securities$12,219,075$14,683,474
Investments - other securities$6,449,414$8,817,578$14,749,593$18,984,913$16,696,761$19,326,314$4,172,535$4,649,696
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$1,058,501$3,613,995$3,613,995$3,613,993
Investments - other$0$0$0$0$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$19,920,974$21,579,608$23,079,970$23,993,667$28,493,040$31,936,095$55,474,556$76,812,310
Other assets, including program-related investments$0$0$0$0$0$0$0$0
Total liabilities$10,983,912$11,353,076$11,022,603$13,421,359$19,447,877$31,710,754$49,259,101$80,520,611
Accounts payable and accrued expenses$2,201,091$3,223,953$3,008,747$2,913,356$3,002,353$2,922,278$6,494,013$4,970,722
Grants payable$0$0$0$0$0$0$0$0
Deferred revenue$2,845,053$3,021,427$3,137,547$4,903,530$4,379,815$5,619,623$7,153,504$7,717,173
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$3,453,506$3,182,135$28,365,928
Mortgages and other notes payable$5,937,768$5,107,696$4,876,309$5,604,473$12,065,719$17,780,667$30,391,412$37,303,478
Other liabilities$0$0$0$0$0$1,934,680$2,038,037$2,163,310
Total liabilities and net assets/fund balances$34,653,782$36,564,804$42,677,045$47,961,926$57,576,103$74,118,733$99,679,895$133,048,741
Total net assets or fund balances$23,669,870$25,211,728$31,654,442$34,540,567$38,128,226$42,407,979$50,420,794$52,528,130
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$31,759,216$32,555,850$38,830,456$40,958,839$44,047,267$50,769,385$59,570,189$73,523,826
Total revenue, gains, and other support per audited financial statements$31,900,585$32,739,855$39,005,295$41,662,368$45,087,140$51,669,021$61,487,112$61,222,703
Other expenses$141,369$184,005$174,839$703,529$1,042,431$899,636$1,916,923$1,813,787
Net unrealized gains on investments$0$0$0$490,685$847,592$624,792$833,659$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$141,369$184,005$174,839$212,844$194,839$274,844$1,083,264$1,813,787
Other revenue$0$0$0$0$2,558$0$0$14,114,910
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$2,558$0$0$14,114,910
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$28,690,126$30,426,876$32,914,163$38,563,399$41,307,200$45,955,139$52,391,033$69,103,839
Total expenses and losses per audited financial statements$29,964,243$30,610,881$33,089,002$38,776,243$41,499,481$46,229,983$53,474,297$59,115,367
Other revenue$1,274,117$184,005$174,839$212,844$194,839$274,844$1,083,264$1,813,787
Donated services and use of facilities$0$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$1,132,748$0$0$0$0$0$0$0
Other$141,369$184,005$174,839$212,844$194,839$274,844$1,083,264$1,813,787
Other expenses$0$0$0$0$2,558$0$0$11,802,259
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$2,558$0$0$11,802,259
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
40$334,000$25,276$41,835
40$182,000$14,396$2,640
40$151,570$14,636$2,640
40$176,000$14,396$3,000
40$120,228$14,637$1,100
40$134,000$16,028$3,000
40$115,360$12,001$2,420
10$15,000$0$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings33
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Former Officers, Directors, Trustees, and Key Employees That Received Compensation or Other Benefits
Loans and AdvancesCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
$0$44,917$0$3,000
$0$95,065$13,496$0
$0$131,250$0$0
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?Yes
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 2006704
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$73,756$2,447,968$66,956,712
Program service revenue
Program service revenue 1000000$000$0$60,639,924
Program service revenue 2Rooming and boarding houses$73,75600$0$6,084,688
Program service revenue 3000000$000$0$232,100
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$949,886$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$1,205,232$0
Net rental income or (loss) from real estate
debt-financed property000000$0Income from mortgaged property (neighborhood land) acquired for exempt purpose use within 10 years (section 514(b)(3))$175,278$0
not debt-financed property000000$0Real property rental income that does not depend on the income or profits derived by the person leasing the property and is excluded by section 512(b)(3)$132,089$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$-38,646$0
Net income or (loss) from special events000000$0Income from an activity that is not regularly carried on (section 512(a)(1))$-151,918$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$0Royalty income excluded by section 512(b)(2)$176,047$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$168,000$18,728$3,300
$139,286$11,752$3,000
$137,750$6,139$3,300
$118,690$15,662$0
$102,991$15,118$0
Total number of other employees paid over $50,000158
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$21,139
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isSchool
Support Schedule
19992000200120022003200420052006
Total$0$0$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$60,805,161
Total lobbying expenditures$21,139
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$21,139
Other exempt purpose expenditures$60,784,022
Lobbying nontaxable amount$1,000,000
Grassroots nontaxable amount$250,000
Unrelated Trade or Business Income (for 2008)
IncomeExpensesNet
Total$73,756$0$73,756
Gross receipts or sales less returns and allowances$0$0$0
Cost of goods sold$0$0$0
Gross profit$0$0$0
Capital gain net income$0$0$0
Net gain$0$0$0
Capital loss deduction for trusts$0$0$0
Income (loss) from partnerships and S corporations$0$0$0
Rent income$0$0$0
Unrelated debt-financed income$0$0$0
Interest, annuities, royalties, and rents from controlled organizations$0$0$0
Investment income of a section 501(c)(7), (9), or (17) organization$0$0$0
Exploited exempt activity income$0$0$0
Advertising income$0$0$0
Other income$737,561$0$73,756
Deductions Not Taken Elsewhere (for 2008)
Total deductions$91,545
Compensation of officers, directors, and trustees$0
Salaries and wages$0
Repairs and maintenance$12,828
Bad debts$0
Interest$0
Taxes and licenses$0
Charitable contributions$0
Depreciation$0
Depletion$0
Contributions to deferred compensation plans$0
Employee benefit programs$0
Excess exempt expenses$0
Excess readership costs$0
Other deductions$0
Unrelated business taxable income$-1,778
Unrelated business taxable income before net operating loss deduction$-17,789
Net operating loss deduction$0
Unrelated business taxable income before specific deduction$-17,789
Specific deduction$1,000
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Swarthmore College500 College Ave, Swarthmore, PA 19081-1306PA1950-03$1,340,708,741
2Lafayette College730 High St, Easton, PA 18042-1761PA1942-12$317,277,267
3Muhlenberg College2400 Chew St, Allentown, PA 18104-5564PA1932-12$263,786,587
4Bryn Mawr College101 N Merion Ave, Bryn Mawr, PA 19010-2899PA1932-09$258,259,166
5Franklin & Marshall CollegePO BOX 3003, Lancaster, PA 17604-3003PA1934-12$245,769,694
6Gettysburg College300 N Washington St, Gettysburg, PA 17325-1400PA1941-04$204,164,587
7Allegheny College520 N Main St, Meadville, PA 16335-3903PA1942-09$194,900,781
8Dickinson CollegePO BOX 1773, Carlisle, PA 17013-2896PA1959-07$173,359,192
9Corporation Of Haverford College370 Lancaster Ave, Haverford, PA 19041-1336PA1941-01$144,783,098
10Grove City College100 Campus Dr, Grove City, PA 16127-2101PA1942-10$142,261,443
11Lycoming College700 College Pl, Williamsport, PA 17701-5157PA1944-08$141,446,340
12Mercyhurst University501 E 38th St, Erie, PA 16546-0002PA1960-01$138,102,103
13Messiah CollegeOne College Avenue, Mechanicsburg, PA 17055-6805PA1945-01$122,347,155
14Westminster College, Pnc Bank Na319 S Market St, New Wilmngtn, PA 16172-0002PA1934-02$120,548,085
15Point Park University201 Wood St, Pittsburgh, PA 15222-1912PA1962-06$114,349,902
16Talladega College627 Battle St W, Talladega, AL 35160-2354AL1945-05$18,799,314
17Breakthrough Bible Institute College Inc4305 St Barnabas Rd 402 4305 St Barnabas Rd, Temple Hill, MD 20748MD2007-03$408,000
18Campbell Bible CollegePO BOX 12567, Charleston, SC 29422-2567SC2007-07$8,700
19Martin College11469 Olive Blvd Pmb 116, St Louis, MO 63141-7108MO1999-05$0
20Williams Baptist College60 W Fulbright Ave, Walnut Ridge, AR 72476-9000AR2002-06$0
Number of organizations performing similar types of work
Alabama8
Arkansas8
California16
Connecticut5
District of Columbia2
Florida11
Georgia13
Iowa15
Idaho2
Illinois21
Indiana16
Kansas8
Kentucky10
Louisiana2
Massachusetts28
Maryland7
Maine6
Michigan14
Minnesota9
Missouri11
Mississippi5
Montana2
North Carolina18
North Dakota2
Nebraska6
New Hampshire7
New Jersey8
New Mexico4
Nevada1
New York33
Ohio26
Oklahoma3
Oregon3
Pennsylvania36
Rhode Island1
South Carolina10
South Dakota4
Tennessee12
Texas9
Virginia12
Vermont5
Washington2
Wisconsin11
West Virginia6
International2
Total440

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