2025-04-22T13:29:41-04:00 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 STARTED 812022 PRESIDENT 5709458000 2024-04-15 true true KELLEY LINDSAY CPA P01441227 5709412248 2025-04-22 2022 2025-03-06 01:10:19Z X JOHN PULLO STARTED 812022 ONE COLLEGE GREEN LA PLUME PA 18440 23906127 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. 26 25 534 0 7883506 2882553 21831224 20461193 31561 44082 316363 487287 30062654 23875115 3514308 4018564 0 11481734 11480961 0 385834 17617969 14090459 32614011 29589984 -2551357 -5714869 38310029 35227437 24289958 26128259 14020071 9099178 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 22134850 4018564 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. 22134850 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 false false false false false false false false false false false false false false true false false false true 40 0 true 534 true false false false false false true true false false false false false false false false X 26 25 false false false false false false false true true false false true true true true true true true true false X X JOHN PULLO STARTED 812022 5709458000 ONE COLLEGE GREEN LA PLUME PA 18440 TRACY BRUNDAGE TERMINATED 7292022 PRESIDENT 50.00 X X 140350 0 831 JOHN PULLO STARTED 812022 PRESIDENT 50.00 X X 100000 0 0 DAN HAGGERTY CHAIRPERSON 2.00 X X 0 0 0 KIRBY HICKEY CHAIR ELECT 2.00 X X 0 0 0 MICHAEL NARCAVAGE III FIRST VICE C 2.00 X X 0 0 0 JASON WASHO SECRETARY 2.00 X X 0 0 0 F STUART RENDA VP FINANCE & 50.00 X 140000 0 7240 AHMED ALWANI TRUSTEE 2.00 X 0 0 0 T ATKINS TRUSTEE 2.00 X 0 0 0 SAM CECCACCI TRUSTEE 2.00 X 0 0 0 JAMES CLARK TRUSTEE 2.00 X 0 0 0 JOHNATHAN L DAVIS TRUSTEE 2.00 X 0 0 0 MATTHEW DOUGHERTY TRUSTEE 2.00 X 0 0 0 WYANE EVANS TRUSTEE 2.00 X 0 0 0 NATALIE GELB TRUSTEE 2.00 X 0 0 0 ROY HINTON TRUSTEE 2.00 X 0 0 0 BRENDA JOHNSON TRUSTEE 2.00 X 0 0 0 GRETCHEN LUDDERS TRUSTEE 2.00 X 0 0 0 JOHN MANSUY TRUSTEE 2.00 X 0 0 0 JOHN S MORRISON TRUSTEE 2.00 X 0 0 0 DIANE PAPARO TRUSTEE 2.00 X 0 0 0 CHRIS PARIS TRUSTEE 2.00 X 0 0 0 CHAP PETERSON TRUSTEE 2.00 X 0 0 0 R SWARTLEY TRUSTEE 2.00 X 0 0 0 PATRICK WALSH TRUSTEE 2.00 X 0 0 0 TIM WHITE 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 FRANCES LANGAN VP INSITITUT 40.00 X 120000 0 6898 500350 14969 3 false false 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 1918222 964331 2882553 TUITION AND FEES 611310 16071681 16071681 ROOM & BOARD 611310 4313419 4313419 AUCILLARY ENTERPRISES 611310 76093 76093 20461193 44082 44082 98650 98650 98650 98650 50596 31012 19584 OTHER SOURCES 369053 369053 369053 23875115 4802647 16170331 4018564 4018564 9094662 7163900 1636772 293990 1334942 1054604 240290 40048 1051357 830572 189244 31541 2756585 2521764 234821 148910 142625 6285 51003 37994 9918 3091 54179 8577 45602 932877 823600 109277 346817 338978 6317 1522 31866 29880 1911 75 874209 874209 2170295 2170295 495908 70254 425654 OTHER 6095416 4961144 1118705 15567 OTHER FINANCIAL AID 132394 132394 29589984 22134850 7069300 385834 3915645 1091838 313171 594426 37044 30180 872668 1466742 94028 47596 162519 396348 75727230 50165376 25871324 25561854 3377529 2098197 837445 837491 2828656 3102765 38310029 35227437 3216834 4256993 2534274 2859595 15671366 17663516 2867484 1348155 24289958 26128259 X 4760392 -45163 9259679 9144341 14020071 9099178 38310029 35227437 X -5714869 81172 712804 X false true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 360954 X X false 5950250 69215 117045 248459 5888051 6451940 120319 -223512 250997 147500 5950250 6315261 144139 181900 185380 3980 6451940 6660167 230290 183099 747669 10626 6315261 8090764 219893 233570 1822871 61189 6660167 0.88910 0.11090 false false 612310 612310 53731594 32292835 21438759 21330957 17872541 3458416 52369 52369 25561854 BENEFICIAL INT IN PERPETUAL TRUST 2175782 BENEFICIAL INT IN REMAINDER TRUST 542924 COLLECTIONS 360954 OTHER ASSETS 23105 3102765 FINANCE LEASE LIABILITY 1348155 1348155 X 20407430 81172 469707 550879 19856551 4018564 4018564 23875115 25602432 31012 31012 25571420 4018564 4018564 29589984 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. 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 UNCERTANTIES 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. SCHEDULE D, PAGE 4, PART XI, LINE 2D PROCEEDS FROM INSURANCE CLAIMS REPORTED AS REVENUE 438,695 FUNDRAISING EVENT EXPENSES 31,012 SCHEDULE D, PAGE 4, PART XI, LINE 4B SCHOLARSHIPS NETTED WITH TUITION AND FEES 4,018,564 SCHEDULE D, PAGE 4, PART XII, LINE 2D FUNDRAISING EVENT EXPENSES 31,012 SCHEDULE D, PAGE 4, PART XII, LINE 4B SCHOLARHIPS NETTED WITH TUITION AND FEES 4,018,564 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 ASSISTANCE PROGRAMS. THE COLLEGE ALSO PARTICIPATES IN THE COMMONWEALTH OF PENNSYLVANIA STATE GRANT PROGRAM AND INSTITUTIONAL ASSISTANCE 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. MOULD GALA 25406 25406 10719 GOLF TOURNAMENT 25190 25190 7210 13083 50596 50596 17929 13083 31012 19584 true SCHOLARSHIPS 668 4018564 SCHEDULE I, PAGE 1, PART I, LINE 2 ALL STUDENTS APPLYING FOR FINANCIAL ASSISTANCE ARE REQUIRED TO SUBMIT THE FREE APPLICATION FOR FEDERAL STUDENT AID ("FAFSA"). THE STUDENT FINANCIAL AID OFFICE REVIEWS THE RESULTS OF FAFSA, WHICH DICTATES WHAT AND HOW MUCH FEDERAL FUNDING THE INDIVIDUAL STUDENT IS ELIGIBLE FOR. IF THE STUDENT IS DETERMINED TO BE IN COMPLIANCE WITH ALL FEDERAL REGULATIONS, AS DETERMINED BY THE DEPARTMENT OF EDUCATION, THE STUDENT FINANCIAL AID OFFICE AWARDS THE STUDENT THE APPROPRIATE FUNDING. STUDENT FILES REGARDING ELIGIBILITY ARE MAINTAINED BY THE STUDENT FINANCIAL AID OFFICE. FORM 990, PAGE 1, ITEM B CHANGES TO THE ORIGINAL 990 WERE NECESSARY TO REFLECT ADJUSTMENTS IDENTIFIED UPON COMPLETION OF THE FINANCIAL STATEMENT AUDIT. 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 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. FORM 990, PART XI, LINE 9 PROCEEDS FROM INSURANCE CLAIMS REPORTED AS REVENUE 438,695 CHANGE IN VALUE OF BENEFIIAL INTEREST IN TRUSTS 374,911 CHANGE IN VALUE OF BENEFICIAL INTEREST IN TRUSTS -100,802 TOTAL 712,804 PERPETUAL TRUSTS TRUST PA N/A 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 TRUSTS FOR THE PURPOSE OF PROVIDING SCHOLARSHIPS TO STUDENTS OF KEYSTONE COLLEGE WHO ARE RESIDENTS OF LACKAWANNA COUNTY, PENNSYLVANIA.