2024-04-16T12:01:28-04:00 2023-05-31 832620517 KOHANSKI & CO PC 4 MEADOW AVENUE STE C SCRANTON PA 18505 990 2022-06-01 240795441 KEYSTONE COLLEGE KEYS 5709458000 ONE COLLEGE GREEN LA PLUME PA 18440 JOHN PULLO PRESIDENT 5709458000 2024-04-15 true JOHN PULLO 999009999 true KELLEY LINDSAY CPA P01441227 5709412248 2024-04-16 2022 2023-04-26 12:10:37Z JOHN PULLO ONE COLLEGE GREEN LA PLUME PA 18440 21722455 false X WWW.KEYSTONE.EDU X 1935 PA KEYSTONE COLLEGE EDUCATES STUDENTS IN A LIBERAL ARTS TRADITION THAT VALUES CIVILITY, INTEGRITY, AND CURIOUSITY, FOSTERING A GLOBAL PERSPECTIVE ON CULTURAL DIVERSITY, ENVIRONMENTAL SUSTAINABILITY, AND LIFE-LONG LEARNING. 17 16 534 0 7633471 4399918 14140641 12075052 6788 1781 5037799 5214692 26818699 21691443 5106075 2398008 0 9142728 12075465 0 0 17483731 12531889 31732534 27005362 -4913835 -5313919 38743648 34403196 24812477 25685809 13931171 8717387 X KEYSTONE COLLEGE EDUCATES STUDENTS IN A LIBERAL ARTS TRADITION THAT VALUES CIVILITY, INTEGRITY, AND CURIOUSITY, FOSTERING A GLOBAL PERSPECTIVE ON CULTURAL DIVERSITY, ENVIRONMENTAL SUSTAINABILITY, AND LIFE-LONG LEARNING. false false 27005362 2398008 KEYSTONE COLLEGE IS A VIBRANT AND DIVERSE CAMPUS WHEREBY OUR GRADUATES ARE LIFE-LONG LEARNERS WHO ARE ACTIVELY ENGAGED, CONTRIBUTE TO THEIR COMMUNITIES, AND THRIVE IN THE WORLD. NEARLY 1,400 STUDENTS COME FROM NEARBY STATES SUCH AS NEW YORK, NEW JERSEY, AND MARYLAND, AS WELL AS NATIONALLY AND INTERNATIONALLY. KEYSTONE COLLEGE IS A FULLY ACCREDITED AND HIGHLY RESPECTED INSTITUTION OF HIGHER EDUCATION OFFERING ASSOCIATE, BACHELOR'S AND MASTER'S DEGREES. SEE OTHER PROGRAM DESCRIPTION. 27005362 true true false false false false false true false true true false false true true true true false true false false false false false true false false false true true false false false false false false false false false false false false false true false false false true 40 36 true 534 true false false false false false true true false false false false false false false false X 17 16 false false false false false false false true true false false true true true true true true true true false PA X X JOHN PULLO 5709458000 ONE COLLEGE GREEN LA PLUME PA 18440 JOHN PULLO PRESIDENT 50.00 X X 240000 0 0 F STUART RENDA VP FINANCE & 50.00 X 138068 0 7240 FRANCES LANGAN VP INSITITUT 40.00 X 116916 0 6949 T ATKINS TRUSTEE 2.00 X 0 0 0 SAM CECCACCI TRUSTEE 2.00 X 0 0 0 JAMES CLARK CHAIR 2.00 X X 0 0 0 JAMES B DAVIS TRUSTEE 2.00 X 0 0 0 JOHNATHAN L DAVIS TRUSTEE 2.00 X 0 0 0 NATALIE GELB TRUSTEE 2.00 X 0 0 0 DAN HAGGERTY TRUSTEE 2.00 X X 0 0 0 KIRBY HICKEY FIRST VICE-C 2.00 X X 0 0 0 JOHNATHAN VIPOND III TRUSTEE 2.00 X 0 0 0 MICHAEL NARCAVAGE III TRUSTEE 2.00 X 0 0 0 B JOHNSON TRUSTEE 2.00 X 0 0 0 GRETCHEN LUDDERS TRUSTEE 2.00 X 0 0 0 JOHN S MORRISON SECRETARY 2.00 X X 0 0 0 A NIVERT TRUSTEE 2.00 X 0 0 0 R SWARTLEY TRUSTEE 2.00 X 0 0 0 JENNIFER J WALSH TRUSTEE 2.00 X 0 0 0 JASON WASHO TRUSTEE 2.00 X 0 0 0 R WILBUR TRUSTEE 2.00 X 0 0 0 O WOROZBYT TRUSTEE 2.00 X 0 0 0 KAREN K YARRISH PROVOST/VP A 50.00 X 0 0 0 494984 14189 3 false true false KC FACILITIES LLC SOUTH MAIN AVENUE SCRANTON PA 18504 MAINTENANCE 1154220 SODEXO DINING SERVICES PO BOX 360170 PITTSBURGH PA 15251 FOOD SERVICES 1082728 ATR LAPLUME LLC SOUTH MAIN AVENUE SCRANTON PA 18504 CONSTRUCTION 846200 CAPITAL EDUCATION 1650 TYSONS BLVD MCLEAN VA 22102 EDUC SERVICES 534119 KEYSTONE COMMONS DEVELOPMENT LLC SOUTH MAIN AVENUE SCRANTON PA 18504 CONSTRUCTION 300000 5 3569591 830327 4399918 TUITION AND FEES 12075052 12075052 12075052 1781 1781 50596 31012 19584 AUXILLARY ENTERPRISES 4399662 4399662 OTHER SOURCES 896248 896248 CHNG IN VAL OF BENEFICIAL INT -100802 -100802 5195108 21691443 17271941 2398008 2398008 9149831 9149831 2249831 2249831 675803 675803 22450 22450 66750 66750 2409121 2409121 148910 148910 35941 35941 72404 72404 932877 932877 342087 342087 31866 31866 595736 595736 2170295 2170295 495908 495908 FOOD SERVICE 1941499 1941499 OTHER 967468 967468 PROGRAM MATERIALS 848455 848455 REPAIRS & MAINTENANCE 652021 652021 798101 798101 27005362 27005362 0 0 2896823 80027 538783 538783 96397 7823 848649 1219917 837444 837491 297652 560084 75476173 50452876 25871324 25023297 4719038 3599038 2637538 2536736 38743648 34403196 3198504 4621265 1362530 1362530 15671366 15877943 4580077 3824071 24812477 25685809 X 4154055 -9555555 9777116 18272942 13931171 8717387 38743648 34403196 -5313919 100135 X false false true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 360954 X X false 6315261 6315261 6315261 6315261 6315261 6315261 6660167 230290 183099 747669 10626 6315261 8090764 219893 233570 1822871 61189 6660167 false false 612310 612310 51750698 32052918 19697780 23060796 18399958 4660838 52369 52369 25023297 BENEFICIAL INT IN PERPETUAL TRUST 2175782 COLLECTIONS 360954 2536736 FINANCE LEASE LIABILITY 2597142 DEPOSITS - STUDENTS 808988 REFUNDABLE ADVANCES 362182 UNEARNED REVENUE 100849 ANNUITY PAYABLE 32793 AGENCY FUNDS PAYABLE -77883 3824071 X 21691443 21691443 21691443 27005362 27005362 27005362 SCHEDULE D, PAGE 2, PART III, LINE 4 COLLECTION ITEMS ACQUIRED AFTER JUNE 1, 1996 ARE CAPITALIZED AT COST, IF PURCHASED, OR FAIR VALUE, SUCH ITEMS INCLUDE ARTWORK, GLASS, CRYSTAL AND OTHER ITEMS. COLLECTION ITEMS ACQUIRED PRIOR TO JUNE 1, 1996 WERE NOT CAPITALIZED. THESE ITEMS INCLUDE A COLLECTION OF MEMORABILIA FROM BASEBALL HALL-OF-FAMER, CHRISTY MATHEWSON, AN ALUMNUS OF KEYTONE ACADEMY, THE FORERUNNER TO KEYSTONE COLLEGE. OUR COLLECTION HAS BEEN DESCRIBED AS "THE LARGEST AND BEST" OF ITS KIND BY SPORTS MEMORABILIA EXPERTS. IT IS AN IMPORTANT PIECE OF OUR INSTITUTION'S HISTORY AND IS THE CENTERPIECE OF THE ANNUAL COMMUNITY CELEBRATION THAT WE HOST FOR OUR NEIGHBORING COMMUNITY, FACTORYVILLE BOROUGH, WHICH WAS MR. MATHEWSON'S BIRTHPLACE. WE OWN A COLLECTION OF ANTIQUE, ORNAMENTAL GLASS SERVING PIECES. THESE ITEMS PROVIDE TANGIBLE EXAMPLES OF A FINE ART PRACTICE THAT IS BECOMING SCARCELY PRACTICED. THIS COLLECTION ADDS CONSIDERABLE VALUE TO OUR STUDENTS' EDUCATION EXPERIENCE, PARTICULARLY THOSE WHO STUDY AND PRACTICE THE ART OF GLASS-BLOWING IN OUR ON-CAMPUS GLASS STUDIO. WE ALSO MAINTAIN A COLLECTION OF VARIOUS WORKS OF VISUAL ART, INCLUDING PAINTINGS, DRAWINGS AND SCULPTURES, THAT ENHANCE OUR STUDENTS' EDUCATIONAL EXPERIENCE AND ADD VALUE TO OUR CAMPUS AESTHETIC. SCHEDULE D, PAGE 2, PART V, LINE 4 EARNINGS ON ENDOWMENT FUNDS ARE USED TO SUPPORT SCHOLARSHIPS FOR STUDENTS, FACULTY SALARIES, AND AWARDS. SCHEDULE D, PAGE 3, PART X THE COLLEGE QUALIFIES AS A TAX-EXEMPT, NOT-FOR-PROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). ACCORDINGLY, THERE IS NO PROVISION FOR FEDERAL OR STATE INCOME TAXES. THE COLLEGE 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. MANGEMENT HAS DETERMINED THAT THERE WERE NO TAX UNCERTIANTIES THAT MET THE RECOGNITION THRESHOLD AT MAY 31, 2023. THE COLLEGE'S POLICY IS TO RECOGNIZE INTEREST EXPENSE RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES (IF ANY) IN OPERATING EXPENSES. true true true true true true true false false false false false false false false true false true SCHEDULE E, LINE 6 KEYSTONE COLLEGE PARTICIPATES IN THE TITLE IV FEDERAL STUDENT ASSESSTANCE PROGRAMS. THE COLLEGE ALSO PARTICIPATES IN THE COMMONWEALTH OF PENNSYLVANIA STATE GRANT PROGRAM AND INSTITUTIONAL ASSESTANCE GRANT PROGRAM. SCHEDULE E WE RECRUIT STUDENTS THROUGHOUT THE YEAR AND MAKE THEM AWARE OF THE POLICY THROUGH OUR WRITTEN ADMISSIONS MATERIALS, OUR CATALOGUE, AND OUR WEBSITE. KEYSTONE COLLEGE PARTICIPATES IN THE TITLE IV FEDERAL STUDENT ASSISTANCE PROGRAMS. THE COLLEGE ALSO PARTICIPATES IN THE COMMONWEALTH OF PENNSYLVANIA STATE GRANT PROGRAM AND INSTITUTIONAL ASSISTANCE GRANT PROGRAM. MOULD GALA 25406 25406 10719 GOLF TOURNAMENT 25190 25190 7210 13083 50596 50596 17929 13083 31012 19584 false SCHOLARSHIPS 668 2398008 X X true true X X X false false false false false false false false false JOHN PULLO PRESIDENT 240000 240000 FORM 990, PAGE 2, PART III, LINE 4D SEE OTHER PROGRAM DESCRIPTION. FORM 990, PAGE 6, PART VI, LINE 11B THE FINAL FORM 990 IS REVIEWED BY MEMBERS OF THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES AND THE VICE PRESIDENT OF FINANCE AND ADMINISTRATION, PRIOR TO FILING. THE FULL BOARD IS PROVIDED WITH ACCESS TO THE FORM 990 VIA THE BOARD PORTAL PRIOR TO FILING WITH THE IRS. FORM 990, PAGE 6, PART VI, LINE 12C THE COLLEGE REQUIRES ALL COVERED PARTIES SUCH AS TRUSTEES, KEY EMPLOYEES AND OFFICERS TO COMPLETE CONFLICT QUESTIONNAIRES ON AN ANNUAL BASIS. THE VP OF FINANCE AND ADMINISTRATION COLLECTS AND REVIEWS THESE QUESTIONNAIRES AND REPORTS ANY CONFLICTS TO THE PRESIDENT AND CHAIRMAN OF THE BOARD. BOARD MEMBERS ABSTAIN FROM VOTING WHEN CONFLICTS ARISE. IN ADDITION, THE VICE PRESIDENT OF FINANCE & ADMINISTRATION REVIEWS THE APPROVED VENDOR LIST ON AN ANNUAL BASIS NOTING ANY POTENTIAL CONFLICTS WHICH MAY HAVE BEEN IMPROPERLY DISCLOSED. THE CONFLICT OF INTEREST POLICY ADDRESSES FAMILY AND BUSINESS RELATIONSHIPS AS A SOURCE OF POTENTIAL CONFLICTS. FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION FOR THE CHIEF EXECUTIVE OFFICER AND THE PRESIDENT WAS DETERMINED BY THE CHAIRMAN OF THE BOARD OF TRUSTEES, AN INDEPENDENT TRUSTEE. THE CHAIRMAN CONSULTED WITH OTHER INDEPENDENT MEMBERS OF THE BOARD OF TRUSTEES, AT HIS DISCRETION, AND REVIEWED EXECUTIVE COMPENSATION DATA PROVIDED BY THE CHIEF FINANCIAL OFFICER, THE VICE PRESIDENT OF FINANCE AND ADMINISTRATION/TREASURER. THIS INFORMATION INCLUDED, BUT WAS NOT LIMITED TO, INDUSTRY SURVEY DATA FROM THE CHRONICLE OF HIGHER EDUCATION, NACUBO, YAFFE AND COMPANY, AND AICUP. COMPENSATION FOR OTHER KEY EMPLOYEES WAS DETERMINED BY THE PRESIDENT, WHO CONSULTED WITH MEMBERS OF THE BOARD OF TRUSTEES, AT HIS DISCRETION. HE ALSO REVIEWED INFORMATION FROM INDUSTRY SOURCES, SUCH AS THOSE LISTED ABOVE AND WITH THE CHIEF HUMAN RESOURCES OFFICER. SALARY DECISIONS ARE DOCUMENTED IN THE BOARD COMMITTEE MINUTES. FORM 990, PAGE 6, PART VI, LINE 15B COMPENSATION FOR THE CHIEF EXECUTIVE OFFICER AND THE PRESIDENT WAS DETERMINED BY THE CHAIRMAN OF THE BOARD OF TRUSTEES, AN INDEPENDENT TRUSTEE. THE CHAIRMAN CONSULTED WITH OTHER INDEPENDENT MEMBERS OF THE BOARD OF TRUSTEES, AT HIS DISCRETION, AND REVIEWED EXECUTIVE COMPENSATION DATA PROVIDED BY THE CHIEF FINANCIAL OFFICER, THE VICE PRESIDENT OF FINANCE AND ADMINISTRATION/TREASURER. THIS INFORMATION INCLUDED, BUT WAS NOT LIMITED TO, INDUSTRY SURVEY DATA FROM THE CHRONICLE OF HIGHER EDUCATION, NACUBO, YAFFE AND COMPANY, AND AICUP. COMPENSATION FOR OTHER KEY EMPLOYEES WAS DETERMINED BY THE PRESIDENT, WHO CONSULTED WITH MEMBERS OF THE BOARD OF TRUSTEES, AT HIS DISCRETION. HE ALSO REVIEWED INFORMATION FROM INDUSTRY SOURCES, SUCH AS THOSE LISTED ABOVE AND WITH THE CHIEF HUMAN RESOURCES OFFICER. SALARY DECISIONS ARE DOCUMENTED IN THE BOARD COMMITTEE MINUTES. FORM 990, PAGE 6, PART VI, LINE 19 THE COLLEGE MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. PERPETUAL TRUSTS TRUST PA KEYSTONE KEYSTONE COLLEGE TRUST 2175782 1.00000 false false false false false false false false false false false false false false false false false false false true SCHEDULE R KEYSTONE COLLEGE RECEIVES 100% OF THE NET INCOME FROM ONE OF THE PERTPETUAL TRESTS FOR THE PURPOSE OF PROVIDING SCHOLARSHIPS TO STUDENTS OF KEYSTONE COLLEGE WHO ARE RESIDENTS OF LACKAWANNA COUNTY, PENNSYLVANIA.