PEIRCE COLLEGE: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- PEIRCE COLLEGE (EIN 23-1627436)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-03-06
- IRS object ID
- 201310659349300276
- Schema version
- 2011v1.5
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-03-06T17:47:08-06:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRANT THORNTON LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2001 MARKET STREET SUITE 3100 | AddressLine1 |
| City | PHILADELPHIA | City |
| State | PA | State |
| ZIP Code | 19103 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 231627436 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PEIRCE COLLEGE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of Name | % BRAD K HODGE VP FINANCE | InCareOfName |
| Name Control | PEIR | NameControl |
| Phone | 8884673472 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1420 Pine Street | AddressLine1 |
| City | Philadelphia | City |
| State | PA | State |
| ZIP Code | 19102 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Brad K Hodge | Name |
| Title | VP Finance | Title |
| Date Signed | 2013-02-27 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Frank Giardini | Name |
| Phone | 2155614200 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Brad K Hodge VP Finance | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1420 Pine Street | AddressLine1 |
| City | Philadelphia | City |
| State | PA | State |
| ZIP Code | 19102 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 31046700 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | www.peirce.edu | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1963 | YearFormation |
| State Legal Domicile | PA | StateLegalDomicile |
| Activity Or Mission Description | FOUNDED IN 1865, PEIRCE COLLEGE IS A PRIVATE, FOUR-YEAR, SPECIALIZED INSTITUTION OFFERING CAREER ORIENTED PROGRAMS TO NON-TRADITIONAL COLLEGE STUDENTS. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 19 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 19 | NbrIndependentVotingMembers |
| Total Nbr Employees | 340 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 6111816 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 7538172 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 20579329 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 21651083 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 490796 | InvestmentIncomePriorYear |
| Investment Income Current Year | 561090 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 332887 | OtherRevenuePriorYear |
| Other Revenue Current Year | 195577 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 27514828 | TotalRevenuePriorYear |
| Total Revenue Current Year | 29945922 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 6092892 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 7964640 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 13131302 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 13800132 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 663710 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 14314212 | OtherExpensePriorYear |
| Other Expenses Current Year | 6565572 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 33538406 | TotalExpensesPriorYear |
| Total Expenses Current Year | 28330344 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -6023578 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 1615578 | RevenuesLessExpensesCY |
| Total Assets BOY | 33899686 | TotalAssetsBOY |
| Total Assets EOY | 35362095 | TotalAssetsEOY |
| Total Liabilities BOY | 11550870 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 11684182 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 22348816 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 23677913 | NetAssetsOrFundBalancesEOY |
| Mission Description | PEIRCE COLLEGE IS IN THE BUSINESS OF TRANSFORMING LIVES. WE DO SO BY MAKING THE BENEFITS OF HIGHER EDUCATION ACCESSIBLE AND ATTAINABLE TO NON-TRADITIONAL COLLEGE STUDENTS OF ALL AGES AND BACKGROUNDS. WE EDUCATE, EMPOWER, AND INSPIRE OUR STUDENTS AND ONE ANOTHER IN A HIGHLY PROFESSIONAL, CAREER-FOCUSED ACADEMIC ENVIRONMENT DEFINED BY TRUST, INTEGRITY, AND MUTUAL RESPECT. WE ARE PASSIONATE ABOUT EQUIPPING OUR STUDENTS TO MAKE A DIFFERENCE IN THEIR COMMUNITIES, WORKPLACES, AND THE WORLD. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 20914959 | Expense |
| Grants | 7964640 | Grants |
| Revenue | 21651083 | Revenue |
| Description | FOUNDED IN 1865, PEIRCE COLLEGE IS A PRIVATE, FOUR-YEAR, SPECIALIZED INSTITUTION PROVIDING PRACTICAL LEADING-EDGE CURRICULA TO PRIMARILY WORKING ADULT LEARNERS. THE COLLEGE AWARDS THE BACHELOR OF SCIENCE AND ASSOCIATE IN SCIENCE DEGREES. THE DEGREE PROGRAMS ARE IN ACCOUNTING, BUSINESS ADMINISTRATION, CRIMINAL JUSTICE, GENERAL STUDIES, HEALTH INFORMATION ADMINISTRATION, HEALTH INFORMATION TECHNOLOGY, HEALTHCARE ADMINISTRATION, HUMAN RESOURCE MANAGEMENT, INFORMATION TECHNOLOGY AND PARALEGAL STUDIES. PEIRCE COLLEGE OFFERS ITS PROGRAMS UTILIZING THREE INTERCHANGEABLE DELIVERY FORMATS: ON CAMPUS AT ITS CENTER CITY PHILADELPHIA LOCATION, ON SITE AT COMMUNITY LOCATIONS; AND ONLINE THROUGH WEB BASED DISTANCE LEARNING. PEIRCE COLLEGE IS ACCREDITED BY THE MIDDLE STATES COMMISSION ON HIGHER EDUCATION. THE BACHELOR OF SCIENCE AND ASSOCIATE IN SCIENCE DEGREES AND THE CERTIFICATE OF PROFICIENCY IN PARALEGAL STUDIES ARE RECOGNIZED AND APPROVED BY THE AMERICAN BAR ASSOCIATION (ABA). THE ACCREDITATION COUNCIL FOR BUSINESS SCHOOLS AND PROGRAMS (ACBSP) ACCREDITS PEIRCE COLLEGE'S BACHELOR OF SCIENCE AND ASSOCIATE IN SCIENCE DEGREES AND CERTIFICATES OF PROFICIENCY IN BUSINESS ADMINISTRATION AND ACCOUNTING. | Description |
| Total Program Service Expense | 20914959 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Subject To Proxy Tax | false | SubjectToProxyTax |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | true | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | true | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | true | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | true | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | false | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transaction Related Entity | false | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 2710 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 340 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | false | QuidProQuoContributions |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 19 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 19 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | false | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | BRAD K HODGE VP FINANCE | NamePerson |
| Telephone Number | 2156709210 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1420 PINE STREET | AddressLine1 |
| City | Philadelphia | City |
| State | PA | State |
| ZIP Code | 19102 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (28 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| Thomas E Bajus | ||||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | |||
| Joseph F Barstys | ||||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | |||
| Stephanie Mays Boyd | ||||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | |||
| Renee Byng Branch | ||||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | |||
| Peter A Caputo | ||||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | |||
| Lisa A Curran | ||||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | |||
| Alphonso Dinson | ||||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | |||
| Mark Edwards | ||||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | |||
| Edward J Mansfield | ||||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | |||
| Margaret A McCausland | ||||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | |||
| Kathryn McCluskey | ||||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | |||
| Martin S Mirman | ||||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | |||
| Barbara A Prutzman | ||||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | |||
| Margaret E Sofio | ||||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | |||
| Joseph T Steuer | ||||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | |||
| ROBERT J SCULLIN | ||||||||
| BOARD MEMBER | 1.0 | X | 0 | 0 | 0 | |||
| LISA S WALKER | ||||||||
| BOARD MEMBER | 1.0 | X | 0 | 0 | 0 | |||
| William H Morgan | ||||||||
| Vice Chair | 1.0 | 0 | 0 | 0 | X | |||
| Katy K Theroux | ||||||||
| Chair | 1.0 | 0 | 0 | 0 | X | |||
| James J Mergiotti | ||||||||
| President and CEO | 40.0 | 285309 | 0 | 116745 | X | |||
| James M Vitale | ||||||||
| SVP, Finance & Administration | 40.0 | 159863 | 0 | 53528 | X | |||
| AMY A CALIENDO | ||||||||
| BOARD SECRETARY | 40.0 | 83579 | 0 | 25289 | X | |||
| Patricia A Rucker EDD | ||||||||
| SVP & Provost | 40.0 | 196588 | 0 | 35624 | X | |||
| Charles A Wright | ||||||||
| VP, Institutional Advancement | 40.0 | 171879 | 0 | 24918 | X | |||
| Christopher L Duffy | ||||||||
| Chief Information Officer | 40.0 | 140819 | 0 | 10374 | X | |||
| Lisa Paris | ||||||||
| Assistant VP of Marketing | 40.0 | 119923 | 0 | 31228 | X | |||
| Beverly F Elliot PHD | ||||||||
| Faculty Chair | 40.0 | 112823 | 0 | 15644 | X | |||
| Brad K Hodge | ||||||||
| Chief Business and FS Officer | 40.0 | 110966 | 0 | 15196 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1381749 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 328546 | TotalOtherCompensation |
| Number Individuals GT100 K | 16 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (2 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| Barbella Digital Inc | |||||
| 122 Country Club Drive | MOORESTOWN | NJ | 08057 | IT Software Consult | 220700 |
| Duane Morris LLP | |||||
| 30 South 17th Street | PHILADELPHIA | PA | 19103 | Legal | 102776 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 2 | NumberOfContractorsGT100K |
| Government Grants | 7258402 | GovernmentGrants |
| All Other Contributions | 279770 | AllOtherContributions |
| Total Contributions | 7538172 | TotalContributions |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | TUITION AND FEES | Description |
| Business Code | 812900 | BusinessCode |
| Total Revenue Column | 21651083 | TotalRevenueColumn |
| Related Or Exempt Function Income | 21651083 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 21651083 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 358229 | TotalRevenueColumn |
| Exclusion | $358,229 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 18279 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 18279 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 18279 | TotalRevenueColumn |
| Exclusion | $18,279 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 1303639 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 1100778 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 202861 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 202861 | TotalRevenueColumn |
| Exclusion | $202,861 | ExclusionAmount |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | ExclusionExclusionAmount |
|---|---|---|---|
| NON-CREDIT / PROFESSIONAL DEVELOPMENT | 812900 | 46121 | $46,121 |
| BOOKSTORE | 812900 | 71386 | $71,386 |
| VENDING FEES | 812900 | 13227 | $13,227 |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 46564 | TotalRevenueColumn |
| Exclusion | $46,564 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 177298 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 29945922 | TotalRevenueColumn |
| Related Or Exempt Function Income | 21651083 | RelatedOrExemptFunctionIncome |
| Exclusion | $756,667 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7964640 | Total |
| Program Services | 7964640 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 990530 | Total |
| Program Services | 379430 | ProgramServices |
| Management And General | 527885 | ManagementAndGeneral |
| Fundraising | 83215 | Fundraising |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10027720 | Total |
| Program Services | 7705483 | ProgramServices |
| Management And General | 2017188 | ManagementAndGeneral |
| Fundraising | 305049 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 455284 | Total |
| Program Services | 333299 | ProgramServices |
| Management And General | 105751 | ManagementAndGeneral |
| Fundraising | 16234 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1517817 | Total |
| Program Services | 1105620 | ProgramServices |
| Management And General | 380412 | ManagementAndGeneral |
| Fundraising | 31785 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 808781 | Total |
| Program Services | 617386 | ProgramServices |
| Management And General | 169994 | ManagementAndGeneral |
| Fundraising | 21401 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 150872 | Total |
| Management And General | 150872 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 121739 | Total |
| Management And General | 121739 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 50110 | Total |
| Management And General | 50110 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 756788 | Total |
| Program Services | 204215 | ProgramServices |
| Management And General | 545191 | ManagementAndGeneral |
| Fundraising | 7382 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1043099 | Total |
| Management And General | 1043099 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 189196 | Total |
| Program Services | 98870 | ProgramServices |
| Management And General | 60107 | ManagementAndGeneral |
| Fundraising | 30219 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 993325 | Total |
| Program Services | 720643 | ProgramServices |
| Management And General | 265246 | ManagementAndGeneral |
| Fundraising | 7436 | Fundraising |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 283064 | Total |
| Program Services | 151065 | ProgramServices |
| Management And General | 129997 | ManagementAndGeneral |
| Fundraising | 2002 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 38370 | Total |
| Program Services | 22998 | ProgramServices |
| Management And General | 11780 | ManagementAndGeneral |
| Fundraising | 3592 | Fundraising |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 14703 | Total |
| Program Services | 11445 | ProgramServices |
| Management And General | 1679 | ManagementAndGeneral |
| Fundraising | 1579 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1541519 | Total |
| Program Services | 1279461 | ProgramServices |
| Management And General | 245101 | ManagementAndGeneral |
| Fundraising | 16957 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 208208 | Total |
| Program Services | 96580 | ProgramServices |
| Management And General | 109454 | ManagementAndGeneral |
| Fundraising | 2174 | Fundraising |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| PROVISION FOR LOSSES ON ACCOUN | 525000 | 525000 | ||
| SERVICE CONTRACTS | 510670 | 276677 | 230777 | 3216 |
| PRINTING | 287288 | 28450 | 240852 | 17986 |
| REIMBURSEMENT CONTINGENCY | -1140994 | -1140994 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 992615 | Total |
| Program Services | 534691 | ProgramServices |
| Management And General | 344441 | ManagementAndGeneral |
| Fundraising | 113483 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 28330344 | Total |
| Program Services | 20914959 | ProgramServices |
| Management And General | 6751675 | ManagementAndGeneral |
| Fundraising | 663710 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1950706 | BOY |
| EOY | 3343555 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 74514 | BOY |
| EOY | 209376 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1045959 | BOY |
| EOY | 710886 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Receivables From Disqual Persons ReceivablesFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 204934 | BOY |
| EOY | 492214 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 32734443 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 19567832 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13828660 | BOY |
| EOY | 13166611 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16551848 | BOY |
| EOY | 16927683 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 181871 | BOY |
| EOY | 309346 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 61194 | BOY |
| EOY | 202424 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 33899686 | BOY |
| EOY | 35362095 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1725612 | BOY |
| EOY | 2930679 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 577340 | BOY |
| EOY | 842517 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Loans From Officers Directors LoansFromOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2945258 | BOY |
| EOY | 2749320 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6302660 | BOY |
| EOY | 5161666 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11550870 | BOY |
| EOY | 11684182 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19987547 | BOY |
| EOY | 21235636 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2195994 | BOY |
| EOY | 2279867 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 165275 | BOY |
| EOY | 162410 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 22348816 | BOY |
| EOY | 23677913 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 33899686 | BOY |
| EOY | 35362095 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 1615578 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -286481 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | true | FederalGrantAuditRequired |
| Federal Grant Audit Performed | true | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amts | ArtPublicExhibitionAmts | |
| Held Works Of Art Amts | HeldWorksOfArtAmts |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 166086 | BeginningOfYearBalance |
| Investment Earnings Or Losses | -2429 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 475 | GrantsOrScholarships |
| End Of Year Balance | 163182 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 111036 | BeginningOfYearBalance |
| Contributions | 55255 | Contributions |
| Investment Earnings Or Losses | 595 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 800 | GrantsOrScholarships |
| End Of Year Balance | 166086 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 109454 | BeginningOfYearBalance |
| Contributions | 580 | Contributions |
| Investment Earnings Or Losses | 1002 | InvestmentEarningsOrLosses |
| End Of Year Balance | 111036 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 0 | BeginningOfYearBalance |
| Contributions | 109440 | Contributions |
| Investment Earnings Or Losses | 14 | InvestmentEarningsOrLosses |
| End Of Year Balance | 109454 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Permanent Endowment EOY Balance | 0.99500 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.00500 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | true | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | false | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 27670 | OtherCostOrOtherBasis |
| Book Value | 27670 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 17610048 | OtherCostOrOtherBasis |
| Depreciation | 6739931 | Depreciation |
| Book Value | 10870117 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Leasehold Improvements | LeaseholdImprovements |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 15088725 | OtherCostOrOtherBasis |
| Depreciation | 12827901 | Depreciation |
| Book Value | 2260824 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 8000 | OtherCostOrOtherBasis |
| Book Value | 8000 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 13166611 | TotalOfBookValueLandBuildings |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | REIMBURSEMENT CONTINGENCY | Description |
| Amount | $5,161,666 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 5161666 | TotalOfAmounts |
| Total Revenue | 29945922 | TotalRevenue |
| Total Expenses | 28330344 | TotalExpenses |
| Excess Or Deficit For Year | 1615578 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -283616 | NetUnrealizedGLOnInvestments |
| Other | -$2,865 | OtherAmount |
| Total Adjustments | -286481 | TotalAdjustments |
| Excess Or Deficit Per FS | 1329097 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 21694801 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -283616 | NetUnrealizedGainsInvestments |
| Revenue Not Rptd F990 | -283616 | RevenueNotRptdF990 |
| Revenue Subtotal | 21978417 | RevenueSubtotal |
| Other Revenues Not Included | 7967505 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 7967505 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 29945922 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 20365704 | TotExpensesEtcAuditedFinclStmt |
| Expenses Subtotal | 20365704 | ExpensesSubtotal |
| Other Expenses Not Included | 7964640 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 7964640 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 28330344 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (5 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Intended Uses of Endowment Funds | Schedule D, Part V, Line 4 | THE COLLEGE'S ENDOWMENT CONSISTS OF DONOR-RESTRICTED FUNDS TO BE HELD IN PERPETUITY, WITH INCOME BEING USED TO FUND SCHOLARSHIPS. |
| ORGANIZATION'S LIABILITY FOR UNCERTAIN TAX POSITIONS UNDER FIN 48 | SCHEDULE D, PART X, OTHER LIABILITIES | The College recognizes or derecognizes tax provisions based on a "more likely than not" threshold. This threshold applies to positions taken or expected to be taken in a tax return. The College does not believe its financial statements include any material uncertain tax positions. |
| OTHER AMOUNT APPEARING IN RECONCILIATION OF CHANGE IN NET ASSETS | SCHEDULE D, PART XI, LINE 8 | CHANGE IN BENEFICIAL INTEREST IN TRUST HELD BY THIRD PARTY $(2,865) |
| OTHER AMOUNT APPEARING IN RECONCILIATION OF REVENUES | SCHEDULE D, PART XII, LINE 4B | PELL/SEOG/PHEAA GRANTS: $6,566,470 SCHOLARSHIPS: 1,398,170 CHANGE IN BENEFICIAL INTEREST IN TRUST HELD BY THIRD PARTY 2,865 --------- $7,967,505 ========== |
| OTHER AMOUNT APPEARING IN RECONCILIATION OF EXPENSES | SCHEDULE D, PART XIII, LINE 4B | THE AMOUNT APPEARING ON LINE 4B OF THE RECONCILIATION OF EXPENSES PER AUDITED FINANCIAL STATEMENTS WITH EXPENSES PER RETURN IS COMPRISED OF: SCHOLARSHIPS: $1,398,170 PELL/SEOG/PHEAA GRANTS: 6,566,470 ---------- TOTAL: $7,964,640 |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | true | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | true | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | true | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | true | MaintRacialCompositionRecords |
| Maint Scholarships Records | true | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | true | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | true | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | false | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | false | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | false | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | false | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | false | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | false | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActy |
| Government Financial Aid Received | true | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | false | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | true | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Publication of Racially Nondiscriminatory Policy | Schedule E, Part I, Line 3 | PEIRCE COLLEGE GIVES SCHOLARSHIPS AND GRANTS TO STUDENTS BASED UPON FINANCIAL NEED AND ACADEMIC EXCELLENCE. THE SELECTION OF RECIPIENTS IS MADE BASED UPON OBJECIVE CRITERIA. NO ONE IS DISCRIMINATED AGAINST BASED UPON RACE, RELIGION, GENDER, ETHNIC BACKGROUND, AGE, HANDICAP, STATUS AS A DISABLED VETERAN, OR ANY OTHER REASON. |
| Government Assistance | Schedule E, Part I, Line 6a | PEIRCE COLLEGE RECEIVED ASSISTANCE FROM THE U.S. DEPARTMENT OF EDUCATION FOR THE FOLLOWING PROGRAMS: FEDERAL PELL GRANT, FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT, FEDERAL WORK STUDY, THE CARL D. PERKINS CAREER AND TECHNICAL EDUCATION GRANT, AND THE PREDOMINANTLY BLACK INSTITUTIONS PROGRAMS FORMULA GRANT. PEIRCE COLLEGE ALSO RECEIVED INSTITUTIONAL ASSISTANCE GRANT AND PENNSYLVANIA STATE GRANT FROM THE PENNSYLVANIA HIGHER EDUCATION ASSISTANCE AGENCY. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII (5 entries)
| Type Of GrantTypeOfGrant | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant |
|---|---|---|
| Federal Pell Grants | 1794 | 5578123 |
| Federal SEOG | 484 | 192686 |
| Unrestricted | 773 | 1273748 |
| Restricted by Donors | 65 | 124422 |
| Pennsylvania State Grant | 394 | 795661 |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Procedure for Monitoring Use of Grant Funds Inside U.S. | Identifier |
| Return Reference | Schedule I, Part I, Line 2 | ReturnReference |
| Explanation | All financial aid grants are used for the intended purpose which is to provide aid to students with financial need to cover the students cost of attendance. These grants include federal pell grants, federal SEOG grants, and state PHEAA grants. The College also awards donor restricted grants that are provided from foundations, alumni scholarship donations, and other donors. Additionally, the College provides internal institutional grants to eligible students. These grants are awarded by the Financial Aid Office and posted to the eligible students accounts by the Business Office. These accounts are reconciled by the Business Office and Financial Aid Office on a monthly basis. The Financial Aid Office complies with the U.S. Department of Education guidelines as well as any donor restricted grant guidelines. The Financial Aid Office reports student grant awards to the U.S. Department of Education and PHEAA throughout the year and also submits the required annual FISAP report to the U.S. Department of Education. An annual A-133 audit (financial statements and report of independent certified public accounts in accordance with OMB Circular A-133) is conducted by the Colleges external independent auditors. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | true | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (6 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| James J Mergiotti | |||||||||||||
| 266021 | 0 | 0 | 0 | 19288 | 0 | 95700 | 0 | 21045 | 0 | 402054 | 0 | 0 | 0 |
| James M Vitale | |||||||||||||
| 156356 | 0 | 143 | 0 | 3364 | 0 | 33690 | 0 | 19838 | 0 | 213391 | 0 | 0 | 0 |
| Patricia A Rucker EDD | |||||||||||||
| 165983 | 0 | 25150 | 0 | 5455 | 0 | 34489 | 0 | 1135 | 0 | 232212 | 0 | 0 | 0 |
| Charles A Wright | |||||||||||||
| 164315 | 0 | 4150 | 0 | 3414 | 0 | 6699 | 0 | 18219 | 0 | 196797 | 0 | 0 | 0 |
| Christopher L Duffy | |||||||||||||
| 137240 | 0 | 1643 | 0 | 1936 | 0 | 8288 | 0 | 2086 | 0 | 151193 | 0 | 0 | 0 |
| Lisa Paris | |||||||||||||
| 115623 | 0 | 4143 | 0 | 157 | 0 | 7231 | 0 | 23997 | 0 | 151151 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | NONQUALIFIED RETIREMENT PLAN | Identifier |
| Return Reference | SCHEDULE J, PART I, QUESTION 4B | ReturnReference |
| Explanation | The following represent amounts that were accrued to these individuals: James J. Mergiotti, President & CEO $81,000 Patricia A. Rucker, SVP & Provost $24,530 James M. Vitale, SVP Finance & Administration $24,064 | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (7 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Form 990 Review Process | Form 990, Part VI, Line 11b | THE FORM 990 WAS PREPARED BY A NATIONALLY RENOWNED ACCOUNTING FIRM IN CONJUNCTION WITH THE ORGANIZATION'S FINANCIAL DEPARTMENT. THE FORM IS THEN SUBMITTED TO THE FINANCE, AUDIT & FACILITIES MANAGEMENT COMMITTEE OF THE BOARD FOR APPROVAL. A COPY OF THE DRAFT 990 IS THEN CIRCULATED TO THE FULL BOARD OF TRUSTEES FOR DISCUSSION AND COMMENT ON THE INFORMATION CONTAINED IN THE 990 PRIOR TO ITS FILING WITH THE INTERNAL REVENUE SERVICE. |
| Conflict of Interest Policy Monitoring & Enforcement | Form 990, Part VI, Line 12c | THE COLLEGE REQUIRES EACH EMPLOYEE INCLUDING THE PRESIDENT/CEO AND OTHER KEY EMPLOYEES TO COMPLETE AND SIGN A WRITTEN CONFLICTS OF INTEREST STATEMENT THAT INCLUDES QUESTIONS THAT CAN DETERMINE IF THE EMPLOYEE HAS A RELATIONSHIP, FINANCIAL INTEREST OR BUSINESS AFFILIATION THAT RESULTS IN A CONFLICT OF INTEREST. THESE STATEMENTS ARE COMPLETED ANNUALLY BY THE EMPLOYEE AND AT ANY TIME AN EMPLOYEE BECOMES AWARE OF FACTS WHICH REQUIRE AN ADDITIONAL OR UPDATED DISCLOSURE. THESE STATEMENTS ARE RETURNED TO HUMAN RESOURCES FOR REVIEW AND IF NECESSARY FURTHER ACTION MAY BE REQUIRED. THE COLLEGE ALSO REQUIRES EACH TRUSTEE INCLUDING TRUSTEE OFFICERS TO COMPLETE AND SIGN A CONFLICT OF INTEREST QUESTIONNAIRE THAT CAN DETERMINE IF THE TRUSTEE HAS A RELATIONSHIP, FINANCIAL INTEREST OR BUSINESS AFFILIATION THAT RESULTS IN A CONFLICT OF INTEREST. THESE QUESTIONNAIRES ARE COMPLETED ANNUALLY BY EACH TRUSTEE AND RETURNED TO THE BOARD SECRETARY AND ARE REVIEWED BY THE OFFICE OF THE PRESIDENT AND IF NECESSARY FURTHER ACTION MAY BE REQUIRED. |
| Process for Determining Compensation | Form 990, Part VI, Line 15a | THE COMPENSATION FOR THE PRESIDENT OF PEIRCE COLLEGE WAS BASED ON WORK DONE BY AN OUTSIDE CONSULTING FIRM COMMISSIONED BY THE BOARD OF TRUSTEES. THE COMPENSATION DATA WAS COMPILED USING INFORMATION FROM OTHER COLLEGES AND UNIVERSITIES AS A GUIDE IN DETERMINING THE COMPENSATION OF THE PRESIDENT. |
| Process for Determining Compensation | Form 990, Part VI, Line 15b | THE COMPENSATION FOR THE KEY EMPLOYEES OF PEIRCE COLLEGE WAS DETERMINED BY LOCAL AND REGIONAL MARKET SURVEYS AND INFORMATION AND DATA FROM LOCAL AND REGIONAL PUBLICATIONS AND PAPERS. THIS INFORMATION, ALONG WITH INTERNAL EQUITY, DETERMINED THE BASIS HIRE-IN SALARY OF KEY EMPLOYEES. ANNUALLY, KEY EMPLOYEES ARE EVALUATED BY THE PRESIDENT USING A PERFORMANCE MANAGEMENT DOCUMENT (PMD) WHICH IS A STANDARD REVIEW USED BY ALL MANAGERS AND SUPERVISORS THROUGHOUT THE COLLEGE. THE PMD FOR EACH KEY EMPLOYEE IS ALSO REVIEWED BY HUMAN RESOURCES TO ENSURE EQUITY WITHIN THE COLLEGE. THIS PROCESS ALSO DETERMINES THE PERCENT OF MERIT INCREASES RECEIVED. THE MERIT INCREASE PERCENTAGES ARE DETERMINED AS PART OF THE BUDGET PROCESS AND THE LEVEL OF PERCENTAGE INCREASES GIVEN TO THE KEY EMPLOYEES IS BASED ON THE SCORING OUTCOME OF THEIR PMD. ONCE THE MERIT INCREASES FOR THE KEY EMPLOYEES ARE DETERMINED AND APPROVED BY THE PRESIDENT, THE BOARD OF TRUSTEES IS INFORMED OF THE INCREASES. |
| How Documents are Made Available to the Public | Form 990, Part VI, Line 19 | THE COLLEGE MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC BY RESERVING A COPY AT ITS PLACE OF BUSINESS. THE FORM 990 IS LIKEWISE PUBLISHED ON THE INTERNET AT WWW.GUIDESTAR.ORG. THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT ORDINARILY MADE AVAILABLE TO THE PUBLIC, BUT, IF REQUESTED, WILL BE PROVIDED AT MANAGEMENT'S DISCRETION. |
| form 990, part xi, line 5 | other changes in net assets or fund balance | UNREALIZED LOSSES ON INVESTMENTS $(283,616) CHANGE IN BENEFICIAl INTEREST IN TRUST HELD BY THIRD PARTY (2,865) ---------- $(286,481) ========== |
| REIMBURSEMENT CONTINGENCY | FORM 990, PARTS IX AND X | During fiscal year 2011, the College accrued an amount related to a contingency for a potential reimbursement due to a Commonwealth of Pennsylvania agency. The College is in the process of clarifying the agency's findings and claims. Once they are determined, the College expects to negotiate appropriate settlement terms with the agency. Since the initial accrual, the agency has lowered the expected reimbursement from the college. The College has not remitted any funds to the agency as of the submission date of this tax return and believes it is possible some reimbursement may be required. The accrued contingency can be found in other liabilities in Part X and the related reimbursement reduction is shown as reimbursement contingency under other expenses on Part IX. |