Civic Intelligence

Messiah University

990 • Fiscal year 2023 • EIN 23-1352661

Jul 01, 2022 to Jun 30, 2023 • Filed on Apr 30, 2024

Refreshing map…

1 University AvenueMechanicsburg, PA 17055

(717) 766-2511

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

49th percentile

0.28x

Higher debt load relative to assets than 49% of similar nonprofits.

2023 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2023

Liabilities / Revenue

56th percentile

0.61x

Higher debt load relative to revenue than 56% of similar nonprofits.

2023 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2023

Net Margin

29th percentile

-3.1%

Higher net margin than 29% of similar nonprofits.

2023 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2023

Top Officer Pay

25th percentile

$468,376

Higher top officer pay than 25% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

2023 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2023

Asset Growth

21st percentile

-1.4%

Faster asset growth than 21% of similar nonprofits.

2023 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2022 to 2023

Revenue Growth

30th percentile

-4.2%

Faster revenue growth than 30% of similar nonprofits.

2023 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2022 to 2023

Assets

Flat

$310,845,655

Flat from 2023

Net Assets

Flat

$223,155,207

Flat from 2023

Liabilities

Flat

$87,690,448

Flat from 2023

Revenue

Flat

$144,399,121

Flat from 2023

Expenses

Flat

$148,812,684

Flat from 2023

Net Income

Flat

-$4,413,563

Flat from 2023

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400M$300M$200M$100M$0Assets 2010: $283,826,412Liabilities 2010: $79,322,041Net Assets 2010: $204,504,3712010Assets 2011: $306,711,739Liabilities 2011: $72,765,922Net Assets 2011: $233,945,8172011Assets 2012: $299,844,662Liabilities 2012: $72,483,329Net Assets 2012: $227,361,3332012Assets 2013: $302,155,446Liabilities 2013: $67,479,626Net Assets 2013: $234,675,8202013Assets 2014: $319,850,172Liabilities 2014: $69,884,986Net Assets 2014: $249,965,1862014Assets 2015: $310,789,107Liabilities 2015: $66,497,597Net Assets 2015: $244,291,5102015Assets 2016: $329,187,782Liabilities 2016: $91,102,508Net Assets 2016: $238,085,2742016Assets 2017: $330,090,324Liabilities 2017: $86,372,370Net Assets 2017: $243,717,9542017Assets 2018: $339,936,919Liabilities 2018: $90,209,996Net Assets 2018: $249,726,9232018Assets 2019: $330,760,394Liabilities 2019: $85,809,028Net Assets 2019: $244,951,3662019Assets 2020: $322,341,214Liabilities 2020: $87,928,202Net Assets 2020: $234,413,0122020Assets 2021: $337,144,643Liabilities 2021: $95,960,646Net Assets 2021: $241,183,9972021Assets 2022: $315,235,591Liabilities 2022: $89,647,497Net Assets 2022: $225,588,0942022Assets 2023: $310,845,655Liabilities 2023: $87,690,448Net Assets 2023: $223,155,2072023Assets 2023: $310,845,655Liabilities 2023: $87,690,448Net Assets 2023: $223,155,2072023Assets 2024: $322,303,436Liabilities 2024: $95,739,966Net Assets 2024: $226,563,4702024

Highlighted filing

2023

Assets$310,845,655
Liabilities$87,690,448
Net Assets$223,155,207

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$200M$150M$100M$50M$0-$50MExpenses 2010: $107,548,2092010Expenses 2011: $112,756,1212011Revenue 2012: $116,609,934Expenses 2012: $116,155,443Net Income 2012: $454,4912012Expenses 2013: $121,222,6412013Revenue 2014: $126,030,560Expenses 2014: $125,820,288Net Income 2014: $210,2722014Revenue 2015: $128,108,900Expenses 2015: $128,577,501Net Income 2015: -$468,6012015Revenue 2016: $132,650,058Expenses 2016: $132,744,339Net Income 2016: -$94,2812016Revenue 2017: $143,079,714Expenses 2017: $137,024,723Net Income 2017: $6,054,9912017Revenue 2018: $150,936,598Expenses 2018: $143,265,535Net Income 2018: $7,671,0632018Revenue 2019: $142,322,736Expenses 2019: $145,521,863Net Income 2019: -$3,199,1272019Revenue 2020: $138,708,449Expenses 2020: $142,285,643Net Income 2020: -$3,577,1942020Revenue 2021: $139,344,259Expenses 2021: $144,446,377Net Income 2021: -$5,102,1182021Revenue 2022: $150,730,448Expenses 2022: $146,385,822Net Income 2022: $4,344,6262022Revenue 2023: $144,399,121Expenses 2023: $148,812,684Net Income 2023: -$4,413,5632023Revenue 2023: $144,399,121Expenses 2023: $148,812,684Net Income 2023: -$4,413,5632023Revenue 2024: $149,665,441Expenses 2024: $151,816,506Net Income 2024: -$2,151,0652024

Highlighted filing

2023

Revenue$144,399,121
Expenses$148,812,684
Net Income-$4,413,563
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Apr 30, 2024
Return Version
2022v5.0
Gross Receipts
$211,646,977
Mission and Program Overview

Mission

The mission of Messiah College is to educate men and women toward maturity of intellect, character, and Christian faith in preparation for lives of service, leadership, and reconciliation in church and society.

Messiah university is a christian university of the liberal and applied arts and sciences, offering undergraduate and graduate level programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$140,175,133$133,662,952▼ $6,512,181
Investments in Publicly Traded Securities$113,690,000$126,711,488▲ $13,021,488
Investments Other Securities$22,950,295$17,958,992▼ $4,991,303
Accounts Receivable$5,090,026$6,071,887▲ $981,861
Savings and Temporary Cash Investments$12,939,747$4,827,291▼ $8,112,456
Pledges and Grants Receivable$3,495,585$4,634,437▲ $1,138,852
Investments Program Related$1,163,192$1,092,706▼ $70,486
Inventories for Sale or Use$826,409$996,696▲ $170,287
Prepaid Expenses and Deferred Charges$876,385$917,666▲ $41,281
Cash and Non-Interest-Bearing Accounts$47,628$50,148▲ $2,520
Total Assets$315,235,591$310,845,655▼ $4,389,936
Other Assets Total$13,981,191$13,921,392▼ $59,799
Liabilities
Tax Exempt Bond Liabilities$46,133,546$44,864,920▼ $1,268,626
Mortgage Notes Payable Secured by Investment Property$22,272,940$21,528,370▼ $744,570
Other Liabilities$11,648,520$11,126,686▼ $521,834
Accounts Payable and Accrued Expenses$6,319,852$6,485,208▲ $165,356
Deferred Revenue$1,788,626$2,226,252▲ $437,626
Grants Payable$1,130,785$972,445▼ $158,340
Escrow Account Liability$353,228$486,567▲ $133,339
Total Liabilities$89,647,497$87,690,448▼ $1,957,049
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$166,378,586$161,274,388▼ $5,104,198
Net Assets With Donor Restrictions$59,209,508$61,880,819▲ $2,671,311
Total Net Assets Fund Balance$225,588,094$223,155,207▼ $2,432,887
Total Liabilities and Net Assets / Fund Balance$315,235,591$310,845,655▼ $4,389,936

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$119,424,592$171,046,637$290,471,229
Equipment$7,466,190$79,020,965$86,487,155
Leasehold Improvements$1,414,309$1,456,882$2,871,191
Land$2,726,640-$2,726,640
Other Land Buildings$2,631,221-$2,631,221
Other Securities$13,619--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$127,595,825$1,569,908▲ $4,658,586$5,712,474$126,601,786
2021$139,640,207$3,207,786▼ $7,660,388$6,310,205$127,595,825
2020$130,311,919$1,178,445▲ $17,215,584$8,296,050$139,640,207
2019$138,452,932$958,727▼ $1,537,303$5,490,665$130,311,919
2018$138,322,957$1,882,261▲ $5,656,700$5,908,753$138,452,932
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kim S PhippsPresidentFT$346,010$122,366$468,376
Barry G Goodling Ended 123122VP AdvancemeFT$202,553$37,490$240,043
Barry G Goodling Ended 123122VP Advancement-$168,129$71,914$240,043
D Kelly PhippsAdvisor&ridePT$81,261$144,473$225,734
Amanda a CoffeyVP HrFT$151,266$55,503$206,769
Randall G BasingerSpecial AsstFT$168,238$19,835$188,073
Randall G BasingerSpecial Asst to Pres-$118,019$70,054$188,073
Kathrynne G ShaferVP OperationFT$154,784$29,103$183,887
Kathrynne G ShaferVP Operations-$148,406$35,481$183,887
Karl BergmannDirector GraFT$158,035$19,277$177,312
Karl BergmannDirector Grad Pt-$151,126$26,186$177,312
Kristin M Hansen-kiefferVice ProvostFT$150,194$23,241$173,435
David S Walker Ended 91522VP Finance aFT$121,051$31,332$152,383
David S Walker Ended 91522VP Finance and Plan-$99,716$52,667$152,383
Jon StuckeyAssc VP forFT$136,393$11,176$147,569
D Kelly PhippsAdvisor&rider Musser-$79,320$20,229$99,549
Gary Paul Nowicki Started 10122VP Finance aFT$53,989$2,667$56,656

Highest Paid Contractors

ContractorServicesLocationCompensation
Edwin L Heim CompanyConstruction1918 GREENWOOD ST, BOX 2247, Harrisburg, PA 17105$762,451
Wolf's Bus Lines INCBus Transport200 OLD US ROUTE 15, York Springs, PA 17372$276,246
Pyramid Construction ServicesConstruction840 N FRONT ST, Wormleysburg, PA 17043-1024$266,366
TimelycareHealthcare1315 S ADAMS STREET, Fort Worth, TX 76104$216,450
Ainsworth INCHvac Service203 LYNNDALE COURT, Mechanicsburg, PA 17050$202,709
Revenue and Support

Revenue Composition

Contributions and Grants
$10,086,639
Program Service Revenue
$127,397,935
Investment Income
$5,066,298
Other Revenue
$1,848,249
All Other Contributions
$7,699,545
Change in Net Assets
$-4,413,563

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded6$52,476Stock Exchange
Real Estate Residential1$30,750Appraisal
Works of Art1$25,000Appraisal
Secur Prtnrshp Trust Intrsts1$833Capital Valuation
Other Non Cash Contri Table1$680Comparable Sales
Other Non Cash Contri Table1$638Comparable Sales
Total Noncash Contributions11$110,377-

Audited Revenue Reconciliation

Revenue per Audited Statements
$144,433,697
Revenue Not Reported on Financial Statements
$-34,576
Revenue Not Reported on Form 990
$-43,004,234
Other Revenue Adjustments
$-34,576
Total Revenue per Audited Statements
$101,429,463
Total Revenue per Form 990
$144,399,121
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$61,456,185
Grants and Similar Amounts Paid$44,200,798
Other Expenses$43,155,701
Total Fundraising Expense$1,971,150
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$36,037,138$7,105,412$833,564$43,976,114
Grants to Domestic Individuals$43,689,991--$43,689,991
Depreciation Depletion$10,121,906$1,313,721-$11,435,627
Other Employee Benefits$8,800,474$2,119,641$151,759$11,071,874
Occupancy$6,056,996$436,852$29,735$6,523,583
Fees for Services Other$4,397,656-$198,589$4,596,245
Travel$2,789,950$407,714$170,877$3,368,541
Payroll Taxes$2,546,611$562,476$64,317$3,173,404
Office Expenses$2,384,986$297,861$104,174$2,787,021
Pension Plan Contributions$1,889,777$451,896$47,320$2,388,993
Interest$1,515,999$649,740-$2,165,739
Advertising$1,275,697$62,078$604$1,338,379
Information Technology$70,551$1,172,459$67,919$1,310,929
Insurance$163,632$974,452-$1,138,084
Current Officers, Directors, Trustees, and Key Employees$189,324$401,640$254,836$845,800
Fees for Service Investment Mgmnt Fees-$840,035-$840,035
Other Expenses$728,761$312,455$23,999$752,760
Conferences and Meetings$374,283$199,215$20,403$593,901
All Other Expenses$338,327$209,237-$547,564
Foreign Grants$460,884--$460,884
Fees for Services Legal$11,095$95,162$3,054$109,311
Fees for Services Accounting-$101,768-$101,768
Grants to Domestic Orgs$49,923--$49,923
Royalties$9,991--$9,991
Fees for Services Lobbying-$3,011-$3,011
Total Functional Expenses$129,121,490$17,720,044$1,971,150$148,812,684

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$148,812,684
Total Expenses per Audited Statements$103,862,350
Expenses per Audited Statements$103,827,774
Expenses Not Reported on Financial Statements$44,984,910
Other Expense Adjustments$44,984,910
Expenses Not Reported on Form 990$34,576
International Activity

International Summary

Employees
1
Spending
$1,669,371

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
EuropeProgram ServicesStudy Abroad Sch Aid--$252,777
EuropeProgram ServicesIntl Cultural Course--$236,612
Sub-saharan AfricaProgram ServicesIntl Cultural Course--$219,233
Central America and the CaribbeanProgram ServicesService Trip-1$207,534
EuropeProgram ServicesIbi-academic--$187,726
Sub-saharan AfricaProgram ServicesService Trip--$89,837
South AmericaProgram ServicesService Trip--$83,657
Sub-saharan AfricaProgram ServicesStudy Abroad Sch Aid--$69,478
East Asia and the PacificProgram ServicesStudy Abroad Sch Aid--$59,183
South AsiaProgram ServicesIbi-academic--$42,616
East Asia and the PacificProgram ServicesOverseas Admissions--$38,828
Middle EastProgram ServicesStudy Abroad Sch Aid--$35,104
Middle EastProgram ServicesIbi-academic--$27,572
EuropeProgram ServicesService Trip--$25,554
South AmericaProgram ServicesStudy Abroad Sch Aid--$23,390
Central America and the CaribbeanProgram ServicesStudy Abroad Sch Aid--$14,952
EuropeProgram ServicesFaculty Development--$13,686
Sub-saharan AfricaProgram ServicesFaculty Development--$10,550
EuropeProgram ServicesDevelopment--$8,611
Sub-saharan AfricaOther AssistanceMedical Treatment--$6,000
South AsiaProgram ServicesService Trip--$5,633
South AsiaProgram ServicesFaculty Development--$2,375
Middle EastProgram ServicesService Trip--$2,318
EuropeProgram ServicesChoir Performance--$1,974
North AmericaProgram ServicesService Trip--$1,277
Middle EastProgram ServicesFaculty Development--$1,264
Middle EastProgram ServicesOverseas Admissions--$511
EuropeProgram ServicesStu Teacher Training--$500
East Asia and the PacificProgram ServicesFaculty Development--$346
East Asia and the PacificProgram ServicesStu Teacher Training--$100
North AmericaProgram ServicesStu Teacher Training--$100
North AmericaProgram ServicesDevelopment--$73
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$33,405
Fundraising Gross Income$10,631
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fan Golf Outing$45,356$10,631$2,717$7,914
Total Events$45,356$10,631$33,405$-22,774
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Larry Bashore Officer Edwin HeimTrusteeConstruction ServiceNo$547,401
D Kelly PhippsSpouse of PresCompensation Rider MNo$114,714
D Kelly PhippsSpouse of PresCompensation MessiaNo$81,261
Messiah EmployeeChild of TrusteCompensationNo$76,885
Beverly GoodlingSpouse of IntpeCompensationNo$17,637
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liabilities$3,596,251
Annuities Payable$3,426,502
Other Liabilities$2,716,345
Student Deposits$1,387,588

Bond Issues

BondIssuerIssuedIssue PricePurpose
CAicup Financing Program-ser 2016 002016-05-12$16,327,132Proceeds of this issue were used to finance (i) certain costs of the construction, renovation and eq
BAicup Financing Program-ser 2015 Nn2015-09-10$11,227,238Proceeds of this issue were used to finance certain costs of (i) the conversion to natural gas as th
AAicup Financing Program-ser 2020 Ss2020-08-11$7,239,932Proceeds of this issue were used, together with other available funds, to finance the costs of a pro
DAicup Financing Program-ser 2018 Qq2018-06-28$6,057,533Proceeds of this issue were used to (i) certain renovations to witmer student residence, (ii) a port
AAicup Financing Program-ser 2014 T12014-05-21$4,744,305Proceeds of this issue were used to finance certain costs of renovations and improvements to an acad

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
C$16,327,132--$326,542
B$11,227,238--$224,544
A$7,239,932--$82,790
D$6,057,533--$118,518
A$4,744,305$1,754,085-$84,896

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
Yes
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Kim s. Phipps d. Kelly phipps family relationship

Form 990, Page 6, Part VI, Line 11B

Information provided by respective departments and reviewed by management for completeness and accuracy is used to compile form 990. The university engages an external accounting firm on no less than a bi-annual basis to review the form. A committee of the board of trustees meets and reviews an electronic copy of the tax return before the return is filed. Trustees are provided an opportunity to ask questions and receive clarifications.

Form 990, Page 6, Part VI, Line 12C

The university monitors and enforces compliance with its conflict of interest policy through an annual disclosure process. Each trustee and officer of messiah university completes a disclosure statement which certifies that they have reviewed the university's conflict of interest policy and discloses personal, familial, and/or business relationships that may in fact or appearance give rise to a conflict of interest. If an actual, potential or apparent conflict arises between the annual filings of the disclosure statements the trustee or officer is required to promptly and fully disclose the potential conflict to the chairperson of the board. Each actual or potential conflict is addressed on a case-by-case basis by the chairperson in consultation with the assurance committee. The chairperson and assurance committee shall determine if the payments to be made are fair and reasonable, or if otherwise required by the bylaws and if deemed advisable, refer the transaction to a vote of the board of trustees which authorizes the contract or other transaction.

Form 990, Page 6, Part VI, Line 15A

The executive committee of the board of trustees reviews the president's performance and recommends a compensation package to the board of trustees for approval. To assess reasonableness of compensation, the university participates in executive and leadership compensation surveys as well as other general compensation surveys. Participating in the survey provides access to comparative data and fair market values for the higher education industry which is used to determine a comparative median and compensation range. Compensation decisions are reflected in the president's employment agreement.

Form 990, Page 6, Part VI, Line 15B

The president reviews performance and approves compensation packages for the provost and vice presidents. To assess reasonableness of compensation, the university participates in executive and leadership compensation surveys as well as other general compensation surveys. Participating in the survey provides access to comparative data which is used to determine a comparative median and compensation range. Compensation decisions are reflected in salary letters for officers and employees.

Form 990, Page 6, Part VI, Line 17

Washington, wisconsin, west virginia

Form 990, Page 6, Part VI, Line 19

Messiah university makes its bylaws, conflicts of interest policy and financial statements available to the public via its website. Additional governing documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Messiah University
EIN
23-1352661
Phone
7177662511
Address
1 UNIVERSITY AVENUE, MECHANICSBURG, PA 17055

Signing Officer

Name
Gary Paul Nowicki Started 10122
Title
VP Finance and Plan
Phone
7177662511
Signed
2024-04-30

Organization Details

Principal Officer
Kim S Phipps
Formed
1909
Legal Domicile
Pa
Voting Board Members
31
Independent Board Members
29
Employees
2,924
Volunteers
340
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

Messiah university is a nationally ranked, private christian university with a student body of over 3,200 undergraduate and graduate students. Messiah's graduate students pursue degrees in 15 graduate degree and 20 certification programs. Undergraduate students pursue degrees and certifications in over 80 majors, inclusive of teacher certification programs, with greater than 60 concentrations, 75 plus minors and multiple certificate programs. Messiah's holistic educational model of integrating faith into every part of the university experience is essential to developing students' intellect, character, and faith in preparation to better serve their church and community. Messiah's mission as a christian university contributes to a common good rooted in a christ-centered commitment to the dignity, welfare and human flourishing of all of our neighbors. Rooted in its christian identity, messiah educates its students to become leaders in their community and the world by working for justice, serving the poor, and assisting the needy. Messiah students are meaningful members of their local and global communities both during and after their university experience. Messiah university is an important contributor and has been nationally recognized for its commitment to service learning, community service and civic engagement. Messiah university is directly and indirectly responsible for a diverse array of economic activity within pennsylvania. This activity results directly from messiah's promise of helping students to "see anew"- through transformation and reconciliation- by viewing themselves, their faith, their careers, and the world in a whole new light. Messiah university educates, conducts research and provides access to relevant training opportunities. Messiah is involved in community service outreach programs, service missions and numerous international study experiences. Students, faculty and staff work with community-based partners in local, national and international settings to address community needs, to provide holistic learning opportunities and to encourage students toward an ethic of discipleship, service and civic engagement.

Form 990, Part XI, Line 9

Unrealized gain/loss cgas & trusts 353,979 chg value ben int perp trusts 103,663 chg value split interest -402,254 total 55,388

Financial Statement Notes

Schedule D, Page 1, Part III, Line 1A

Certain natural history, artwork and other collections are maintained by the university. As permitted by generally accepted accounting principles, the university has not capitalized its donated collections as assets within the financial statements.

Schedule D, Page 2, Part III, Line 4

In addition to promoting an engaging campus community, natural history, artwork and other collections are maintained as an educational resource for students and for public display.

Schedule D, Page 2, Part IV, Line 2B

Funds are held in custody for students and employees for advance purchase of id card declining balance accounts to be used toward future dining and merchandise purchases. Funds are also held in various charitable trusts for beneficiaries.

Schedule D, Page 2, Part V, Line 4

The university uses endowment funds to manage long-term gifts according to donor intent. In accordance with pennsylvania law a certain percentage of the endowment is spent per year. Program services, operations and scholarships are funded through the investment income generated by the endowment.

Schedule D, Page 3, Part X

The university qualifies as a tax-exempt, not-for-profit organization under section 501(c)(3) of the internal revenue code. Accordingly, there is no provision for federal or state income taxes. The university accounts for uncertainties in income taxes in accordance with authoritative guidance, which prescribes a recognition threshold of more-likely-than-not to be sustained upon examination by the appropriate taxing authority. Measurement of the tax uncertainty occurs if the recognition threshold has been met. Management determined there were no tax uncertainities that met the recognition threshold at june 30, 2023 and 2022. The university's policy is to recognize interest related to unrecognized tax benefits in interest expense and penalties in operating expenses.

Schedule D, Page 4, Part XI, Line 2D

Financial aid presented as contra rev -44,144,875 unrealized gain/loss cgas & trusts 353,979 investment expenses net w/in investment income -840,035 chg value ben interest perpetual trusts 103,663 chg value split interest -402,254

Schedule D, Page 4, Part XI, Line 4B

Rental expenses -1,171 fundraising event expenses -33,405

Schedule D, Page 4, Part XII, Line 2D

Rental expense 1,171 fundraising event expenses 33,405

Schedule D, Page 4, Part XII, Line 4B

Financial aid 44,144,875 investment expenses net w/in investment income 840,035

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt300
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt310
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt320
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt330
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt340
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt350
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt360
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt370
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt380
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt390
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt400
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt410
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt2114714
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt260
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt270
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt280
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt290
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt300
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt310
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt320
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt330
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt340
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt350
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt360
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt370
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt380
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt390
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt400

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$322$95.7$227$150$152$2.15
2023Detailed filing. Detailed filing data is available for this year.$311$87.7$223$144$149$4.41
2023Summary only. Only limited summary data is available for this year.$311$87.7$223$144$149$4.41
2022Summary only. Only limited summary data is available for this year.$315$89.6$226$151$146$4.34
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$337$96.0$241$139$144$5.10
2020Summary only. Only limited summary data is available for this year.$322$87.9$234$139$142$3.58
2019Summary only. Only limited summary data is available for this year.$331$85.8$245$142$146$3.20
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$340$90.2$250$151$143$7.67
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$330$86.4$244$143$137$6.05
2016Detailed filing. Detailed filing data is available for this year.$329$91.1$238$133$133$0.09
2015Detailed filing. Detailed filing data is available for this year.$311$66.5$244$128$129$0.47
2014Summary only. Only limited summary data is available for this year.$320$69.9$250$126$126$0.21
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$302$67.5$235$121
2012Summary only. Only limited summary data is available for this year.$300$72.5$227$117$116$0.45
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$307$72.8$234$113
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$284$79.3$205$108