Civic Intelligence

Susquehanna University

990 • Fiscal year 2015 • EIN 23-1353385

Jul 01, 2014 to Jun 30, 2015 • Filed on Apr 23, 2016

Refreshing map…

514 University AvenueSelinsgrove, PA 17870-1164

(570) 372-4128

Siviq Scores

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

Liabilities / Assets

34th percentile

0.22x

Higher debt load relative to assets than 34% of similar nonprofits.

2015 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2015

Liabilities / Revenue

57th percentile

0.64x

Higher debt load relative to revenue than 57% of similar nonprofits.

2015 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2015

Net Margin

25th percentile

0.8%

Higher net margin than 25% of similar nonprofits.

2015 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2015

Top Officer Pay

36th percentile

$612,049

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

2015 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2015

Asset Growth

32nd percentile

-0.7%

Faster asset growth than 32% of similar nonprofits.

2015 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2014 to 2015

Revenue Growth

46th percentile

3.7%

Faster revenue growth than 46% of similar nonprofits.

2015 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2014 to 2015

Assets

Down

$338,548,593

Down $2,407,731 (-0.7%) from 2014

Net Assets

Up

$262,508,279

Up $1,769,013 (+0.7%) from 2014

Liabilities

Down

$76,040,314

Down $4,176,744 (-5.2%) from 2014

Revenue

Up

$118,836,992

Up $4,224,436 (+3.7%) from 2014

Expenses

Up

$117,836,195

Up $1,316,358 (+1.1%) from 2014

Net Income

Up

$1,000,797

Up $2,908,078 (+152%) from 2014

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: $286,290,360Liabilities 2010: $86,549,074Net Assets 2010: $199,741,2862010Assets 2011: $310,867,773Liabilities 2011: $84,277,528Net Assets 2011: $226,590,2452011Assets 2012: $311,575,156Liabilities 2012: $81,254,828Net Assets 2012: $230,320,3282012Assets 2013: $321,657,958Liabilities 2013: $80,176,312Net Assets 2013: $241,481,6462013Assets 2014: $340,956,324Liabilities 2014: $80,217,058Net Assets 2014: $260,739,2662014Assets 2015: $338,548,593Liabilities 2015: $76,040,314Net Assets 2015: $262,508,2792015Assets 2016: $332,652,546Liabilities 2016: $76,440,277Net Assets 2016: $256,212,2692016Assets 2017: $348,700,987Liabilities 2017: $73,730,704Net Assets 2017: $274,970,2832017Assets 2018: $350,130,992Liabilities 2018: $71,110,934Net Assets 2018: $279,020,0582018Assets 2019: $348,587,880Liabilities 2019: $68,533,193Net Assets 2019: $280,054,6872019Assets 2020: $339,662,705Liabilities 2020: $67,239,170Net Assets 2020: $272,423,5352020Assets 2021: $375,319,031Liabilities 2021: $68,084,510Net Assets 2021: $307,234,5212021Assets 2022: $351,514,856Liabilities 2022: $61,418,579Net Assets 2022: $290,096,2772022Assets 2023: $350,578,199Liabilities 2023: $56,513,377Net Assets 2023: $294,064,8222023

Highlighted filing

2015

Assets$338,548,593
Liabilities$76,040,314
Net Assets$262,508,279

Operations Trend

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

$200M$150M$100M$50M$0-$50MExpenses 2010: $95,088,5162010Expenses 2011: $102,873,3702011Expenses 2012: $106,512,1302012Expenses 2013: $112,370,5512013Revenue 2014: $114,612,556Expenses 2014: $116,519,837Net Income 2014: -$1,907,2812014Revenue 2015: $118,836,992Expenses 2015: $117,836,195Net Income 2015: $1,000,7972015Revenue 2016: $123,448,198Expenses 2016: $127,215,997Net Income 2016: -$3,767,7992016Revenue 2017: $137,025,741Expenses 2017: $137,200,352Net Income 2017: -$174,6112017Revenue 2018: $135,884,389Expenses 2018: $143,929,964Net Income 2018: -$8,045,5752018Revenue 2019: $145,921,380Expenses 2019: $153,432,182Net Income 2019: -$7,510,8022019Revenue 2020: $142,537,361Expenses 2020: $153,141,676Net Income 2020: -$10,604,3152020Revenue 2021: $150,313,376Expenses 2021: $154,512,008Net Income 2021: -$4,198,6322021Revenue 2022: $169,609,787Expenses 2022: $163,811,001Net Income 2022: $5,798,7862022Revenue 2023: $155,751,650Expenses 2023: $170,872,979Net Income 2023: -$15,121,3292023

Highlighted filing

2015

Revenue$118,836,992
Expenses$117,836,195
Net Income$1,000,797
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Apr 23, 2016
Return Version
2014v6.0
Gross Receipts
$118,836,992
Mission and Program Overview

Mission

Susquehanna university educates students for productive, creative and reflective lives of achievement, leadership, and service in a diverse, dynamic and interdependent world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$147,157,473$145,921,990▼ $1,235,483
Investments in Publicly Traded Securities$146,104,094$136,703,722▼ $9,400,372
Investments Other Securities$30,675,997$32,131,987▲ $1,455,990
Pledges and Grants Receivable$3,515,783$7,554,757▲ $4,038,974
Savings and Temporary Cash Investments$3,795,581$6,300,134▲ $2,504,553
Investments Program Related$2,633,870$2,574,213▼ $59,657
Accounts Receivable$1,756,352$1,638,731▼ $117,621
Prepaid Expenses and Deferred Charges$1,281,657$1,557,528▲ $275,871
Inventories for Sale or Use$319,025$278,063▼ $40,962
Cash and Non-Interest-Bearing Accounts$5,385$5,882▲ $497
Other Notes and Loans Receivable, Net$2,501$5,369▲ $2,868
Total Assets$340,956,324$338,548,593▼ $2,407,731
Other Assets Total$3,708,606$3,876,217▲ $167,611
Liabilities
Tax Exempt Bond Liabilities$63,905,225$61,953,754▼ $1,951,471
Other Liabilities$6,998,097$6,896,385▼ $101,712
Accounts Payable and Accrued Expenses$8,373,741$4,750,204▼ $3,623,537
Deferred Revenue$939,995$2,439,971▲ $1,499,976
Total Liabilities$80,217,058$76,040,314▼ $4,176,744
Net Assets / Fund Balance
Unrestricted Net Assets$137,103,256$136,403,789▼ $699,467
Permanently Rstr Net Assets$76,929,088$79,252,478▲ $2,323,390
Temporarily Rstr Net Assets$46,706,922$46,852,012▲ $145,090
Total Net Assets Fund Balance$260,739,266$262,508,279▲ $1,769,013
Total Liabilities and Net Assets / Fund Balance$340,956,324$338,548,593▼ $2,407,731

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$115,852,534$82,037,538$197,890,072
Equipment$12,680,143$22,892,547$35,572,690
Other Land Buildings$11,744,050$8,902,176$20,646,226
Land$5,645,263-$5,645,263
Other Securities$251,588--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$151,751,947$2,326,390▼ $121,026$3,103,610$148,746,477
2013$133,704,567$2,869,235▲ $19,861,828$2,820,367$151,751,947
2012$121,175,702$1,286,200▲ $15,471,632$2,732,793$133,704,567
2011$117,423,088$7,716,481▲ $304,960$2,827,086$121,175,702
2010$93,009,894$2,904,083▲ $26,205,050$3,196,268$117,423,088
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Larry Jay LemonsPresidentFT$339,611$272,438$612,049
Michael CoyneVP Finance & AdministrationFT$186,948$138,060$325,008
Linda McmillinProvost & Dean of FacultyFT$200,524$63,131$263,655
Marsha KelliherDean School of Business/prof.FT$166,331$39,081$205,412
Ronald CohenVP University RelationsFT$145,289$52,840$198,129
Madeleine RhyneerVP for Enrollment & MarketingFT$154,138$39,221$193,359
Valerie MartinAssoc Provost/dean of A&sFT$122,000$45,751$167,751
Lisa ScottVP for Student Engage/successFT$133,468$30,531$163,999
Carl MosesFormer ProvostFT$125,019$32,441$157,460
Philip WingerVP Chief of StaffFT$123,003$31,287$154,290
Matthew RousuTrustee & Professor of Economics-$106,186$19,746$125,932
Alicia JacksonFormer Dean School of BusinessFT$113,879$7,343$121,222
Sara KirklandFormer Exec VP for PlanningPT$97,711$13,369$111,080
David SteinauTrustee & Assoc Professor of Music-$73,210$11,679$84,889

Highest Paid Contractors

ContractorServicesLocationCompensation
Saul Ewing LLPCleaning ServicesPO BOX 237, Hummels Wharf, PA 17831$383,680
-Legal ServicesCENTRE SQUARE W 1500 MARKET ST, Philadelphia, PA 19102-2186$175,100
Revenue and Support

Revenue Composition

Contributions and Grants
$11,698,877
Program Service Revenue
$106,976,037
Investment Income
$54,213
Other Revenue
$107,865
All Other Contributions
$10,367,718
Change in Net Assets
$1,000,797

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 Traded28$912,509Market Value
Drugs and Medical Supplies1$300,000Market Value
Other Non Cash Contri Table3$13,518Market Value
Books and Publications-$654Market Value
Other Non Cash Contri Table1$500Market Value
Total Noncash Contributions33$1,227,181-

Audited Revenue Reconciliation

Revenue per Audited Statements
$118,836,992
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$416,216
Total Revenue per Audited Statements
$119,253,208
Total Revenue per Form 990
$118,836,992
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$43,633,186
Salaries, Compensation, and Employee Benefits$37,364,988
Other Expenses$36,745,370
Total Fundraising Expense$2,584,037
Professional Fundraising Fees$92,651

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$43,435,991--$43,435,991
Other Salaries and Wages$23,381,110$1,933,151$1,425,039$26,739,300
Depreciation Depletion$9,918,538--$9,918,538
Other Employee Benefits$5,375,459$140,962$232,241$5,748,662
All Other Expenses$2,517,944$591,037$301,492$3,410,473
Occupancy$3,088,951$18,738$6,181$3,113,870
Office Expenses$2,248,144$410,883$168,365$2,827,392
Interest$2,693,800--$2,693,800
Fees for Services Other$2,076,435$311,089$32,341$2,419,865
Travel$2,104,938$68,827$96,465$2,270,230
Pension Plan Contributions$1,604,413$150,481$115,129$1,870,023
Payroll Taxes$1,577,834$162,384$97,898$1,838,116
Current Officers, Directors, Trustees, and Key Employees$263,659$905,228-$1,168,887
Conferences and Meetings$815,777$212,119$11,351$1,039,247
Information Technology$22,827$935,151-$957,978
Fees for Service Investment Mgmnt Fees-$352,000-$352,000
Other Expenses$302,220$41,059$4,884$302,220
Insurance-$216,295-$216,295
Grants to Domestic Orgs$188,938--$188,938
Fees for Services Legal$157,997--$157,997
Fees for Services Professional Fundraising--$92,651$92,651
Fees for Services Accounting$88,280--$88,280
Foreign Grants$8,257--$8,257
Total Functional Expenses$108,802,754$6,449,404$2,584,037$117,836,195

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$117,836,195
Expenses per Audited Statements$117,484,195
Total Expenses per Audited Statements$117,484,195
Expenses Not Reported on Financial Statements$352,000
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Selinsgrove BoroughSelinsgrove, PALOCAL GOV'TGeneral Support$107,938
Selinsgrove Area School DistrictSelinsgrove, PALOCAL GOV'TGeneral Support$46,000
Rural Business Innovation CorpBloomsburg, PA501(c)(3)General Support$27,000
Dauntless Hose CompanySelinsgrove, PA501(c)(3)General Support$8,000

International Summary

Offices
0
Employees
0
Spending
$16,475,441

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
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central AmericaInvestmentsStudy Abroad Program00$13,902,033
EuropeProgram ServicesStudy Abroad Program00$1,756,373
East Asia and the PacificProgram ServicesStudy Abroad Program00$573,141
South AmericaProgram ServicesStudy Abroad Program00$127,196
Central AmericaProgram ServicesStudy Abroad Program00$47,011
Sub-saharan AfricaProgram ServicesStudy Abroad Program00$39,990
Middle East and N. AfricaProgram ServicesStudy Abroad Program00$29,649
North AmericaProgram ServicesStudy Abroad Program00$35
South AsiaProgram Services-00$13
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$92,651
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Frank TrembulakTrusteeMEDICAL SERVICES: FRANK TREMBULAK, TRUSTEE, IS THE EXECUTIVE VICE PRESIDENT AND COO OF GEISINGER HEALTH SYSTEM. THE UNIVERSITY MAINTAINS A RELATIONSHIP WITH GEISINGER HEALTH SYSTEM FOR MEDICAL SERVICES. MR. TREMBULAK RECEIVED NO PERSONAL BENEFIT AS A RESULT OF THIS RELATIONSHIP BETWEEN THE UNIVERSITY AND GEISINGER HEALTH SYSTEM.No$221,409
John StrangfeldTrusteeINVESTMENT MGMT FEES: JOHN STRANGFELD, CHAIRMAN OF THE UNIVERSITY'S BOARD, IS CEO AND CHAIRMAN OF PRUDENTIAL FINANCIAL. THE UNIVERSITY MAINTAINS AN INVESTMENT MANAGEMENT RELATIONSHIP WITH PRUDENTIAL PURSUANT TO WHICH PRUDENTIAL WAS PAID INVESTMENT MANAGEMENT FEES. MR. STRANGFELD RECEIVED NO PERSONAL BENEFIT AS A RESULT OF THE BUSINESS RELATIONSHIP BETWEEN THE UNIVERSITY AND PRUDENTIAL.No$217,697
Jeffrey WhitmanSpouse of Key EmployeeEMPLOYMENT - JEFFREY WHITMAN, AN EMPLOYEE OF SUSQUEHANNA UNIVERSITY, IS THE SPOUSE OF LINDA MCMILLIN, A KEY EMPLOYEE. HIS WAGES FOR EMPLOYMENT TOTALED $74,971 FOR THE REPORTING PERIOD.No$74,971
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
US Government Advances Refundable$2,375,475
Annuities Payable$1,854,748
Other$1,529,937
Funds Held in Custody for Others$1,001,225
Fin47$135,000

Bond Issues

BondIssuerIssuedIssue PricePurpose
ASnyder County Higher Education Authority2006-03-22$31,779,663Partial bond refund and residence housing
BSnyder County Higher Education Authority2008-09-25$29,990,252Residence hall and academic building
CSnyder County Higher Education Authority2009-07-23$6,492,500REFUND SCHEA 1998 BONDS

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$31,779,663--$529,129
B$29,990,252--$301,595
C$6,492,500--$90,731

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
Backup withholding compliance
Yes
Business relationship with family members
Yes
Business relationship with organization members
Yes
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, Part VI, Section A, Line 2

There is a business relationship between trustees william sordoni and frank trembulak.

Form 990, Part VI, Section B, Line 11

Along with a detailed review performed by the audit committee a link to a password-protected website was emailed to the governing body where the complete form 990 was made available for review.

Form 990, Part VI, Section B, Line 12C

A conflict of interest questionnaire was sent to the governing body and the replies were reviewed in detail by the audit committee. The review of the questionnaires forms the basis for disclosure on the form 990 and the audited financial statements.

Form 990, Part VI, Section B, Line 15

The organization's board has adopted a compensation policy (the "policy") for covered individuals. Pursuant to the policy, a compensation committee (a subcommittee of the organization's executive committee) of independent directors was established to review the compensation of all employees specified as having a substantial influence over the organization and who receive remuneration from the organization, including, among others, the president, provost and dean of the faculty, and vice president for finance and administration. The compensation committee is advised by an independent compensation consultant, which opines to the compensation committee that the level of compensation paid and the process by which compensation is established meet applicable irs reasonableness and "safe harbor" standards. The outside compensation consultant provides data of compensation provided at similar organizations to ensure that the university does not compensate in excess of market norms.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public by posting these documents on the organization's website.

Filing and Contact Details

Filer

Filer Name
Susquehanna University
EIN
23-1353385
Phone
5703724128
Address
514 UNIVERSITY AVENUE, SELINSGROVE, PA 17870-1164

Signing Officer

Name
Michael a Coyne
Title
VP for Fin & Admin
Phone
5703724128
Signed
2016-04-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
L Jay Lemons
Formed
1859
Legal Domicile
Pa
Voting Board Members
38
Independent Board Members
31
Employees
2,040
Volunteers
1,169

Preparer

Firm
Baker Tilly Virchow Krause Llp
Address
777 E WISCONSIN AVENUE 32ND FLOOR, MILWAUKEE, WI 53202
Preparer
Troy E Marine CPA
Phone
4147775500
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Endowment income 5,283,398. Change in split interest 96,845. Other nonoperating activities 167,325.

Financial Statement Notes

PART III, LINE 4:

The majority of university's art collection is 1,600 french posters. These are researched and exhibited by french students and faculty members. They are archived in a vault for preservation.

PART V, LINE 4:

Su's endowment supports the following areas: academic & student support (40%), scholarships (41%), other operations & facilities (19%).

PART X, LINE 2:

The university follows the accounting standards for contingencies in evaluating uncertain tax positions. This guidance prescribes recognition threshold principles for the financial statement recognition of tax positions taken or expected to be taken on a tax return that are not certain to be realized. No liability has been recognized by the university for uncertain tax positions as of june 30, 2015 and 2014. The university's tax returns are subject to review and examination by federal and state authorities. The tax returns for the current year as well as fiscal years 2012 and thereafter are open to examination by federal and state authorities.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Endowment income 5,283,398. Change in split interest agreements 96,845. Other nonoperating activities 167,325.

Raw XML AppendixShowing 400 of 1,489 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0SUSQUEHANNA UNIVERSITY EDUCATES STUDENTS FOR PRODUCTIVE, CREATIVE AND REFLECTIVE LIVES OF ACHIEVEMENT, LEADERSHIP, AND SERVICE IN A DIVERSE, DYNAMIC AND INTERDEPENDENT WORLD.
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IRS990/Desc0PROVIDING A COMPREHENSIVE POST-SECONDARY EDUCATIONAL EXPERIENCE TO 2,035 (FTE) STUDENTS.
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.
2023Summary only. Only limited summary data is available for this year.$351$56.5$294$156$171$15.1
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$352$61.4$290$170$164$5.80
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$375$68.1$307$150$155$4.20
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$340$67.2$272$143$153$10.6
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$349$68.5$280$146$153$7.51
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$350$71.1$279$136$144$8.05
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$349$73.7$275$137$137$0.17
2016Detailed filing. Detailed filing data is available for this year.$333$76.4$256$123$127$3.77
2015Detailed filing. Detailed filing data is available for this year.$339$76.0$263$119$118$1.00
2014Detailed filing. Detailed filing data is available for this year.$341$80.2$261$115$117$1.91
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$322$80.2$241$112
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$312$81.3$230$107
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$311$84.3$227$103
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$286$86.5$200$95.1