LAFAYETTE COLLEGE: Form 990, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- LAFAYETTE COLLEGE (EIN 24-0795686)
- Tax period
- 2024-07-01 to 2025-06-30
- Filed
- 2026-05-14
- IRS object ID
- 202611349349301311
- Schema version
- 2024v5.5
- 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
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2026-05-14T06:26:13-05:00 | ReturnTs |
| Tax Period End | 2025-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 991856619 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRANT THORNTON ADVISORS LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 757 THIRD AVENUE 9TH FLOOR | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 100172013 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2024-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 240795686 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LAFAYETTE COLLEGE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | LAFA | BusinessNameControlTxt |
| Phone | 6103305136 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 730 SULLIVAN ROAD 030 MARQUIS HALL | AddressLine1Txt |
| City | EASTON | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 180421778 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ANDREA BOHN | PersonNm |
| Person Title | ASSISTANT VP AND CONTROLLE | PersonTitleTxt |
| Phone | 6103303208 | PhoneNum |
| Signature | 2026-05-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | DANIEL ROMANO | PreparerPersonNm |
| PTIN | P00504182 | PTIN |
| Phone | 2125990100 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | NICOLE FARMER HURD | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 730 SULLIVAN ROAD 030 MARQUIS HALL | AddressLine1Txt |
| City | EASTON | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 180421778 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $638,892,789 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.LAFAYETTE.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1826 | FormationYr |
| Legal Domicile State | PA | LegalDomicileStateCd |
| Activity Or Mission | PROVISION OF EDUCATIONAL SERVICES AS AN ACCREDITED FOUR-YEAR UNDERGRADUATE COLLEGE. | ActivityOrMissionDesc |
| Voting Members Governing Body | 34 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 33 | VotingMembersIndependentCnt |
| Total Employee | 2602 | TotalEmployeeCnt |
| Total Volunteers | 3961 | TotalVolunteersCnt |
| Total Gross UBI | -$1,489,252 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $28,947,436 | PYContributionsGrantsAmt |
| CY Contributions Grants | $43,415,297 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $212,626,962 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $222,680,307 | CYProgramServiceRevenueAmt |
| PY Investment Income | $18,488,433 | PYInvestmentIncomeAmt |
| CY Investment Income | $65,249,617 | CYInvestmentIncomeAmt |
| PY Other Revenue | $2,454,477 | PYOtherRevenueAmt |
| CY Other Revenue | $3,881,440 | CYOtherRevenueAmt |
| PY Total Revenue | $262,517,308 | PYTotalRevenueAmt |
| CY Total Revenue | $335,226,661 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $71,079,022 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $74,332,949 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $107,675,640 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $113,419,523 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $765,702 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $579,805 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $4,704,393 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $98,762,265 | PYOtherExpensesAmt |
| CY Other Expenses | $103,939,386 | CYOtherExpensesAmt |
| PY Total Expenses | $278,282,629 | PYTotalExpensesAmt |
| CY Total Expenses | $292,271,663 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$15,765,321 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $42,954,998 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $1,744,964,455 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,841,384,079 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $371,640,453 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $364,313,175 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $1,373,324,002 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $1,477,070,904 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | CHARTERED IN 1826, LAFAYETTE COLLEGE IS DEDICATED TO EXCELLENCE IN UNDERGRADUATE EDUCATION. STUDENTS ARE ENGAGED IN A TRANSFORMATIVE EDUCATIONAL EXPERIENCE THAT BRIDGES THE LIBERAL ARTS, ENGINEERING, AND INTERDISCIPLINARY STUDY. THE COLLEGE FOSTERS (CONTINUED IN SCH O) INTELLECTUAL INQUIRY, ARTISTIC EXPLORATION, SCHOLARSHIP, AND PERSONAL GROWTH IN A VIBRANT, DIVERSE, AND INCLUSIVE COMMUNITY. LAFAYETTE STUDENTS BECOME CRITICAL THINKERS, CREATIVE PROBLEM-SOLVERS, AND RESPONSIBLE CITIZENS OF THE WORLD. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $214,602,676 | ExpenseAmt |
| Grant | $74,332,949 | GrantAmt |
| Revenue | $222,680,307 | RevenueAmt |
| Desc | LAFAYETTE COLLEGE IS A LIBERAL ARTS COLLEGE OFFERING BACHELOR OF ARTS ENGINEERING, NATURAL SCIENCES, AND SOCIAL SCIENCES. IN FALL 2024, THE 2,750 STUDENTS CAME FROM 44 STATES AND 47 COUNTRIES. THE STUDENT-TO-FACULTY RATIO AT THE COLLEGE IS APPROXIMATELY 10 TO 1. OF THE 259 FULL-TIME FACULTY, 252 HOLD A DOCTORATE OR OTHER TERMINAL DEGREE. APPROXIMATELY 63% OF THE STUDENTS ATTENDING LAFAYETTE COLLEGE RECEIVE FINANCIAL ASSISTANCE. 718 STUDENTS WERE AWARDED AN UNDERGRADUATE DEGREE. LAFAYETTE COLLEGE HAS A FOUR-YEAR GRADUATION RATE OF 77% AND SIX-YEAR GRADUATION RATE OF 85%. APPROXIMATELY 90% OF THE COLLEGE'S GRADUATES WERE EMPLOYED, IN GRADUATE SCHOOL, OR SECURED INTERNSHIPS WITHIN 6 MONTHS AFTER GRADUATION. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $40,304,687 | ExpenseAmt |
| Revenue | $41,210,445 | RevenueAmt |
| Desc | AS A RESIDENTIAL COLLEGE, LAFAYETTE STUDENTS COMPLEMENT THEIR ACADEMIC. SCHOLARSHIP WITH A MYRIAD OF OPPORTUNITIES TO CONNECT WITH ONE ANOTHER AND LEARN FROM THE LARGE WORLD REPRESENTED ON THE COLLEGE'S CAMPUS. AS PART OF THEIR EXPERIENCE AT A RESIDENTIAL COLLEGE, LAFAYETTE STUDENTS ARE DEEPLY ENGAGED ACADEMICALLY AND HAVE SIGNIFICANT OPPORTUNITIES TOENGAGE IN A VAST OFFERING OF EXTRACURRICULAR AND CO-CURRICULAR POSSIBILITIES. LAFAYETTE COLLEGE OFFERS MORE THAN 150 STUDENT CLUBS AND ORGANIZATIONS, 23 NCAA DIVISION 1 ATHLETIC PROGRAMS, AND NUMEROUS EXPERIENCES IN THE FINE ARTS AND PERFORMING ARTS ALL OF WHICH ARE COMPLEMENTED BY A STRONG STUDENT LIFE PROGRAM THAT ENHANCES THE LAFAYETTE EXPERIENCE BEYOND THE CLASSROOM. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $254,907,363 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | Yes (1) | CollectionsOfArtInd |
| Credit Counseling | Yes (1) | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | Yes (1) | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | Yes (1) | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | Yes (1) | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 4321 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 2602 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 34 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 33 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | Yes (1) | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | FL | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NH | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NJ | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | PA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | WA | StatesWhereCopyOfReturnIsFldCd |
| Own Website | Yes (X) | OwnWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ANDREA BOHN | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6103303308 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 730 SULLIVAN ROAD 030 MARQUIS HALL | AddressLine1Txt |
| City | EASTON | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 180421798 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (49 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|---|
| NICOLE F HURD | ||||||||||
| PRESIDENT | 50.00 | 0.00 | Yes (X) | Yes (X) | $1,027,882 | $0 | $105,688 | |||
| ROBERT E SELL | ||||||||||
| CHAIR | 5.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| LINDA ASSANTE CARRASCO | ||||||||||
| VICE CHAIR | 5.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| ANGEL L MENDEZ | ||||||||||
| SECRETARY | 5.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| JAMES R BIRLE JR | ||||||||||
| EXECUTIVE COMMITTEE | 3.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| ANTONIO F FERNANDEZ | ||||||||||
| EXECUTIVE COMMITTEE | 3.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| SUSAN L FOX | ||||||||||
| EXECUTIVE COMMITTEE | 3.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| LEO A HELMERS | ||||||||||
| EXECUTIVE COMMITTEE | 3.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| JEFFERSON W KIRBY | ||||||||||
| EXECUTIVE COMMITTEE | 3.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| PAMELA S PASSMAN | ||||||||||
| EXECUTIVE COMMITTEE | 3.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| JAMES L BENJAMIN | ||||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| KIMBERLY W BENSTON | ||||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| HARRY S CHERKEN | ||||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| SEBASTIAN J CRAPANZANO | ||||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| TANUJA MAJUMDAR DEHNE | ||||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| LANETA J DORFLINGER | ||||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| JOHNATHAN S ELLIS | ||||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| JOHN A FRY | ||||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| KIRSTI WELLS GOODWIN | ||||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| MICHAEL C HEANEY | ||||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| HAROLD N KAMINE | ||||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| CLAUDINE D LILIEN | ||||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| JUDSON C LINVILLE | ||||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| KAMAKA R MARTIN | ||||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| D CHRISTIAN MCCUMBER | ||||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| QUINCY L MILLER | ||||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| JB REILLY | ||||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| JOSE A RODRIGUEZ | ||||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| DAVID M ROTH | ||||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| PETER S RUGGIERO | ||||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| JOHN C SANTOS JR | ||||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| WILLIAM H SPENCE | ||||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| WYNNE A WHITMAN | ||||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| ALVIN M YEARWOOD | ||||||||||
| TRUSTEE | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| AUDRA J KAHR | ||||||||||
| EVP FINANCE & ADMINISTRATION | 50.00 | 0.00 | Yes (X) | $413,852 | $0 | $50,002 | ||||
| LAURA MCGRANE | ||||||||||
| PROVOST (AS OF 07/2024) | 50.00 | 0.00 | Yes (X) | $147,375 | $0 | $37,658 | ||||
| KRISHNA MEMANI | ||||||||||
| CHIEF INVESTMENT OFFICER | 50.00 | 0.00 | $960,549 | $0 | $49,239 | Yes (X) | ||||
| SHERRYTA FREEMAN | ||||||||||
| DIRECTOR OF ATHLETICS | 50.00 | 0.00 | $308,955 | $0 | $36,679 | Yes (X) | ||||
| FORREST STUART | ||||||||||
| VP ENROLLMENT MANAGEMENT | 50.00 | 0.00 | $254,706 | $0 | $40,221 | Yes (X) | ||||
| ALMA SCOTT-BUCZAK | ||||||||||
| ASSOC VP HUMAN RESOURCES | 50.00 | 0.00 | $203,574 | $0 | $33,275 | Yes (X) | ||||
| SARAH MOSCHENROSS | ||||||||||
| VP FOR STUDENT LIFE | 50.00 | 0.00 | $205,321 | $0 | $36,973 | Yes (X) | ||||
| JOHN R DAILEY | ||||||||||
| DIRECTOR OF INVESTMENTS | 50.00 | 0.00 | $482,908 | $0 | $43,447 | Yes (X) | ||||
| LI ZHAO | ||||||||||
| DIR. OF INVESTMENTS (THRU 05/2025) | 50.00 | 0.00 | $468,437 | $0 | $27,572 | Yes (X) | ||||
| JOHN D TROXELL | ||||||||||
| HEAD COACH - FOOTBALL | 50.00 | 0.00 | $274,818 | $0 | $43,504 | Yes (X) | ||||
| BRUCE A MURPHY | ||||||||||
| KIRBY PROFESSOR OF GOVERNMENT & LAW | 50.00 | 0.00 | $287,659 | $0 | $43,759 | Yes (X) | ||||
| JOHN KINCAID - MEYNER PROF | ||||||||||
| OF GOV.& PUBLIC SVCS. | 50.00 | 0.00 | $279,876 | $0 | $34,961 | Yes (X) | ||||
| JOHN E MEIER | ||||||||||
| PROVOST (THRU 06/2024) | 50.00 | 0.00 | $189,256 | $0 | $49,637 | Yes (X) | ||||
| JOHN L O'KEEFE - VP CHIEF | ||||||||||
| INFORMATION OFFICER (THRU 10/2024) | 50.00 | 0.00 | $215,026 | $0 | $34,997 | Yes (X) | ||||
| LESLIE MUHLFELDER | ||||||||||
| FORMER GENERAL COUNSEL (THRU 06/2024 | 50.00 | 0.00 | $184,548 | $0 | $0 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $5,904,742 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $667,612 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 234 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (1) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| NORTH STAR CONSTRUCTION MANAGEMENT INC | |||||
| 645 HAMILTON STREET SUITE 208 | ALLENTOWN | PA | 18101 | CONSTRUCTION | $17,016,504 |
| PARKHURST DINING LLC | |||||
| 285 EAST WATERFRONT DRIVE SUITE 20 | HOMESTEAD | PA | 15120 | DINING SERVICES | $13,352,941 |
| IRWIN & LEIGHTON | |||||
| 1014 W 9TH AVE | KING OF PRUSSIA | PA | 19406 | CONTRUCTION | $3,591,166 |
| MYCO MECHANICAL INC | |||||
| 1 NORTH WASHINGTON STREET | TELFORD | PA | 18969 | HVAC | $1,602,395 |
| SUPER HEAT INC | |||||
| PO BOX 204 4421 N DELAWARE DRIVE | PORTLAND | PA | 18351 | REPAIR SERVICE | $1,399,643 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 56 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $31,400 | FundraisingAmt |
| Government Grants | $3,457,108 | GovernmentGrantsAmt |
| All Other Contributions | $39,926,789 | AllOtherContributionsAmt |
| Noncash Contributions | $7,071,596 | NoncashContributionsAmt |
| Total Contributions | $43,415,297 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| TUITION AND FEES | 611710 | $179,907,729 | $179,907,729 | |
| AUXILIARY SERVICES | 611710 | $41,210,445 | $41,210,445 | |
| ATHLETIC/SPORT NETWORK | 611710 | $1,562,133 | $1,552,633 | $9,500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $222,680,307 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $13,476,073 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$1,372,265 | UnrelatedBusinessRevenueAmt |
| Exclusion | $14,848,338 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $1,524,687 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $1,139,687 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $385,000 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $385,000 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$78,283 | UnrelatedBusinessRevenueAmt |
| Exclusion | $463,283 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $352,844,620 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $301,071,076 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $51,773,544 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $51,773,544 | TotalRevenueColumnAmt |
| Exclusion | $51,773,544 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $131,896 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $31,400 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $100,887 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $31,009 | TotalRevenueColumnAmt |
| Exclusion | $31,009 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $1,103,781 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $1,354,478 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$250,697 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$48,204 | UnrelatedBusinessRevenueAmt |
| Exclusion | -$202,493 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt |
|---|---|---|---|
| OTHER INCOME | 900099 | $2,714,760 | $2,714,760 |
| FEES/FINES/COST RECVY. | 900099 | $1,001,368 | $1,001,368 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $3,716,128 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $335,226,661 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $222,670,807 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | -$1,489,252 | UnrelatedBusinessRevenueAmt |
| Exclusion | $70,629,809 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $60,618 | TotalAmt |
| Program Services | $60,618 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $74,272,331 | TotalAmt |
| Program Services | $74,272,331 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,542,252 | TotalAmt |
| Program Services | $1,581,195 | ProgramServicesAmt |
| Management And General | $3,961,057 | ManagementAndGeneralAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $425,610 | TotalAmt |
| Management And General | $425,610 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $79,981,732 | TotalAmt |
| Program Services | $66,206,671 | ProgramServicesAmt |
| Management And General | $11,172,403 | ManagementAndGeneralAmt |
| Fundraising | $2,602,658 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,062,071 | TotalAmt |
| Program Services | $5,775,967 | ProgramServicesAmt |
| Management And General | $1,058,464 | ManagementAndGeneralAmt |
| Fundraising | $227,640 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,507,652 | TotalAmt |
| Program Services | $11,566,999 | ProgramServicesAmt |
| Management And General | $2,421,278 | ManagementAndGeneralAmt |
| Fundraising | $519,375 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,900,206 | TotalAmt |
| Program Services | $4,678,819 | ProgramServicesAmt |
| Management And General | $1,041,203 | ManagementAndGeneralAmt |
| Fundraising | $180,184 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $811,300 | TotalAmt |
| Program Services | $20,227 | ProgramServicesAmt |
| Management And General | $783,428 | ManagementAndGeneralAmt |
| Fundraising | $7,645 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $230,780 | TotalAmt |
| Management And General | $230,780 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,743 | TotalAmt |
| Management And General | $9,743 | ManagementAndGeneralAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $579,805 | TotalAmt |
| Fundraising | $579,805 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $342,723 | TotalAmt |
| Management And General | $342,723 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $18,037,994 | TotalAmt |
| Program Services | $15,063,850 | ProgramServicesAmt |
| Management And General | $2,914,933 | ManagementAndGeneralAmt |
| Fundraising | $59,211 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $232,798 | TotalAmt |
| Program Services | $126,944 | ProgramServicesAmt |
| Management And General | $105,854 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,527,875 | TotalAmt |
| Program Services | $2,621,621 | ProgramServicesAmt |
| Management And General | $696,288 | ManagementAndGeneralAmt |
| Fundraising | $209,966 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,550,266 | TotalAmt |
| Program Services | $426,096 | ProgramServicesAmt |
| Management And General | $3,058,384 | ManagementAndGeneralAmt |
| Fundraising | $65,786 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,130,765 | TotalAmt |
| Program Services | $7,047,440 | ProgramServicesAmt |
| Management And General | $1,083,325 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,193,444 | TotalAmt |
| Program Services | $5,400,672 | ProgramServicesAmt |
| Management And General | $686,763 | ManagementAndGeneralAmt |
| Fundraising | $106,009 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,265,148 | TotalAmt |
| Program Services | $1,557,511 | ProgramServicesAmt |
| Management And General | $1,646,062 | ManagementAndGeneralAmt |
| Fundraising | $61,575 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,129,342 | TotalAmt |
| Program Services | $10,439,582 | ProgramServicesAmt |
| Management And General | $689,760 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,680,225 | TotalAmt |
| Program Services | $18,821,063 | ProgramServicesAmt |
| Management And General | $1,859,162 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,604,811 | TotalAmt |
| Program Services | $443,989 | ProgramServicesAmt |
| Management And General | $3,160,822 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| AUXILIARY SERVICES | $13,109,009 | $13,072,809 | $36,200 | |
| NON-OFFICE SUPPLIES | $4,767,418 | $4,742,994 | $24,339 | $85 |
| ALLOCATION OF INDIRECT | $0 | $6,391,644 | -$6,391,644 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,315,745 | TotalAmt |
| Program Services | $4,588,321 | ProgramServicesAmt |
| Management And General | $1,642,970 | ManagementAndGeneralAmt |
| Fundraising | $84,454 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $292,271,663 | TotalAmt |
| Program Services | $254,907,363 | ProgramServicesAmt |
| Management And General | $32,659,907 | ManagementAndGeneralAmt |
| Fundraising | $4,704,393 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,474 | BOYAmt |
| EOY | $12,468 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $73,620,961 | BOYAmt |
| EOY | $81,525,760 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,778,157 | BOYAmt |
| EOY | $23,027,472 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,881,662 | BOYAmt |
| EOY | $2,811,458 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $996,396 | BOYAmt |
| EOY | $963,699 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,744,097 | BOYAmt |
| EOY | $3,277,958 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $841,990,874 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $347,623,495 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $483,050,030 | BOYAmt |
| EOY | $494,367,379 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $186,585,975 | BOYAmt |
| EOY | $185,201,452 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $961,538,444 | BOYAmt |
| EOY | $1,039,453,925 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,312,993 | BOYAmt |
| EOY | $1,197,409 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,440,266 | BOYAmt |
| EOY | $9,545,099 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,744,964,455 | BOYAmt |
| EOY | $1,841,384,079 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,804,964 | BOYAmt |
| EOY | $13,405,154 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,316,017 | BOYAmt |
| EOY | $2,101,810 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $174,468,359 | BOYAmt |
| EOY | $173,425,533 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $153,324 | BOYAmt |
| EOY | $151,317 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $128,135,447 | BOYAmt |
| EOY | $128,207,081 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $45,762,342 | BOYAmt |
| EOY | $47,022,280 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $371,640,453 | BOYAmt |
| EOY | $364,313,175 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $479,781,934 | BOYAmt |
| EOY | $520,542,545 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $893,542,068 | BOYAmt |
| EOY | $956,528,359 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,373,324,002 | BOYAmt |
| EOY | $1,477,070,904 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,744,964,455 | BOYAmt |
| EOY | $1,841,384,079 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $42,954,998 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $62,500,822 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$1,708,918 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $20,693,664 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $31,962,079 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $33,828,877 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $28,947,436 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $39,926,789 | CurrentTaxYearAmt |
| Total | $155,358,845 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $20,693,664 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $31,962,079 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $33,828,877 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $28,947,436 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $39,926,789 | CurrentTaxYearAmt |
| Total | $155,358,845 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $6,172,560 | SubstantialContributorsTotAmt |
| Public Support Total170 | $149,186,285 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $8,178,493 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $9,756,186 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $13,103,224 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $14,438,098 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $15,932,636 | CurrentTaxYearAmt |
| Total | $61,408,637 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,373,775 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $3,031,636 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $7,478,530 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,522,545 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $3,716,128 | CurrentTaxYearAmt |
| Total | $18,122,614 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $234,890,096 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $998,774,023 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.63510 | PublicSupportCY170Pct |
| Public Support PY170 | 0.65300 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: | FormAndLineReferenceDesc |
| Explanation | OTHER INCOME - 2020 AMOUNT: $ 900,289. 2021 AMOUNT: $ 2,148,433. 2022 AMOUNT: $ 6,745,904. 2023 AMOUNT: $ 1,608,650. 2024 AMOUNT: $ 2,714,760. FEES FINES COST RECOVERY - 2020 AMOUNT: $ 473,486. 2021 AMOUNT: $ 883,203. 2022 AMOUNT: $ 732,626. 2023 AMOUNT: $ 913,895. 2024 AMOUNT: $ 1,001,368. | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| 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) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | VolunteersInd |
| Paid Staff Or Management | 0 | PaidStaffOrManagementInd |
| Media Advertisements | 0 | MediaAdvertisementsInd |
| Mailings Members | 0 | MailingsMembersInd |
| Publications Or Broadcast | 0 | PublicationsOrBroadcastInd |
| Grants Other Organizations | 0 | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | 0 | DirectContactLegislatorsInd |
| Rallies Demonstrations | 0 | RalliesDemonstrationsInd |
| Other Activities | Yes (1) | OtherActivitiesInd |
| Other Activities | $9,743 | OtherActivitiesAmt |
| Total Lobbying Expenditures | $9,743 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | 0 | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II-B, LINE 1, LOBBYING ACTIVITIES: | FormAndLineReferenceDesc |
| Explanation | THE COLLEGE IS A MEMBER OF THE AMERICAN COUNCIL ON EDUCATION, THE ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES OF PENNSYLVANIA, THE NATIONAL ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES AND THE LEHIGH VALLEY ASSOCIATION OF INDEPENDENT COLLEGES. THROUGH THESE ORGANIZATIONS, THE COLLEGE MAY, FROM TIME TO TIME, LOBBY THE CITY OF EASTON, THE COMMONWEALTH OF PENNSYLVANIA OR THE FEDERAL GOVERNMENT IN SUPPORT OF HIGHER EDUCATION ISSUES AND LEGISLATION OR IN THE ASSISTANCE IN PROCURING GRANTS. THE COLLEGE NEITHER EMPLOYS A LOBBYIST OR LOBBYING FIRM NOR INCURS LOBBYING EXPENSES FOR LEGISLATION ON THE COLLEGE'S BEHALF. THE COLLEGE EMPLOYS THE DELTA DEVELOPMENT GROUP FOR ASSISTANCE IN SECURING FEDERAL AND STATE GRANTS. | ExplanationTxt |
Schedule D IRS990ScheduleD
Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Revenues Included | $2,289,400 | RevenuesIncludedAmt |
| Assets Included | $17,816,415 | AssetsIncludedAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Coll Used Scholarly Rsrch | Yes (X) | CollUsedScholarlyRsrchInd |
| Collection Used Preservation | Yes (X) | CollectionUsedPreservationInd |
| Coll Used Loan Or Exch Prog | Yes (X) | CollUsedLoanOrExchProgInd |
| Solicited Assets Sale | 0 | SolicitedAssetsSaleInd |
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (1) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,140,250,000 | BeginningYearBalanceAmt |
| Contributions | $10,619,333 | ContributionsAmt |
| Investment Earnings Or Losses | $125,465,233 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $12,748,711 | GrantsOrScholarshipsAmt |
| Other Expenditures | $37,560,289 | OtherExpendituresAmt |
| Administrative Expenses | $1,441,833 | AdministrativeExpensesAmt |
| End Year Balance | $1,224,583,733 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,064,267,600 | BeginningYearBalanceAmt |
| Contributions | $4,257,000 | ContributionsAmt |
| Investment Earnings Or Losses | $119,416,000 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $11,893,169 | GrantsOrScholarshipsAmt |
| Other Expenditures | $36,077,831 | OtherExpendituresAmt |
| Administrative Expenses | $280,400 | AdministrativeExpensesAmt |
| End Year Balance | $1,140,250,000 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,021,802,366 | BeginningYearBalanceAmt |
| Contributions | $10,018,242 | ContributionsAmt |
| Investment Earnings Or Losses | $80,229,772 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $10,633,279 | GrantsOrScholarshipsAmt |
| Other Expenditures | $33,999,175 | OtherExpendituresAmt |
| Administrative Expenses | $3,150,326 | AdministrativeExpensesAmt |
| End Year Balance | $1,064,267,600 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,085,030,761 | BeginningYearBalanceAmt |
| Contributions | $12,461,042 | ContributionsAmt |
| Investment Earnings Or Losses | -$31,004,600 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $9,799,641 | GrantsOrScholarshipsAmt |
| Other Expenditures | $32,221,359 | OtherExpendituresAmt |
| Administrative Expenses | $2,663,837 | AdministrativeExpensesAmt |
| End Year Balance | $1,021,802,366 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $862,906,493 | BeginningYearBalanceAmt |
| Contributions | $14,744,584 | ContributionsAmt |
| Investment Earnings Or Losses | $248,378,756 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $9,542,677 | GrantsOrScholarshipsAmt |
| Other Expenditures | $31,456,395 | OtherExpendituresAmt |
| End Year Balance | $1,085,030,761 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.24410 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.29350 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.46240 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | Yes (1) | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $10,101,739 | OtherCostOrOtherBasisAmt |
| Book Value | $10,101,739 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $613,634,265 | OtherCostOrOtherBasisAmt |
| Depreciation | $233,350,891 | DepreciationAmt |
| Book Value | $380,283,374 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $85,190,416 | OtherCostOrOtherBasisAmt |
| Depreciation | $44,966,479 | DepreciationAmt |
| Book Value | $40,223,937 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $98,097,363 | OtherCostOrOtherBasisAmt |
| Depreciation | $69,306,125 | DepreciationAmt |
| Book Value | $28,791,238 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $34,967,091 | OtherCostOrOtherBasisAmt |
| Book Value | $34,967,091 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $494,367,379 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (5 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| EVENT DRIVEN/DISTRESSED | $1,848,478 | C |
| LONG/SHORT EQUITY | $508,104,058 | C |
| MULTI STRATEGY/ABSOLUTE RETURN | $148,247,119 | C |
| REAL ESTATE | $9,171,013 | C |
| PRIVATE EQUITY | $372,083,257 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $1,039,453,925 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)
| DescDesc | AmtAmt |
|---|---|
| ANNUITIES PAYABLE | $11,098,968 |
| POST RETIREMENT BENEFITS | $21,565,310 |
| CONDITIONAL ASSET RETIREMENT OBLIGATION | $2,065,163 |
| INTEREST RATE SWAP AGREEMENTS | $4,321,049 |
| OPERATING LEASE OBLIGATION | $7,971,790 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $47,022,280 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $322,495,957 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $62,500,822 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$77,826,578 | OtherRevenueAmt |
| Revenue Not Reported | -$15,325,756 | RevenueNotReportedAmt |
| Revenue Subtotal | $337,821,713 | RevenueSubtotalAmt |
| Other Revenues Not Included | -$2,595,052 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | -$2,595,052 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $335,226,661 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $218,749,055 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $2,595,052 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $2,595,052 | ExpensesNotReportedAmt |
| Expenses Subtotal | $216,154,003 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $76,117,660 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $76,117,660 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $292,271,663 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART III, LINE 4: | AMONG THE RICH RESOURCES PROVIDED FOR STUDENTS IS A FINE, SMALL ART COLLECTION. THE COLLECTION INCLUDES EIGHTEENTH-THROUGH EARLY TWENTY-FIRST CENTURY AMERICAN AND EUROPEAN PAINTINGS, PRINTS, AND SCULPTURE; VINTAGE PHOTOGRAPHS; AND CONTEMPORARY AMERICAN SCULPTURE AND PAINTINGS. RECENT ACQUISITIONS BUILD ON THE STRENGTH OF THE EXISTING COLLECTIONS. THE MISSION STATEMENT FOR THE ART COLLECTIONS IS TO DOCUMENT, PRESERVE FOR FUTURE GENERATIONS, EXHIBIT, AND MAKE ACCESSIBLE THE COLLEGE'S ART COLLECTION TO THE STUDENTS, PUBLIC, AND SCHOLARS THROUGH EXHIBITIONS, PUBLICATIONS, REPRODUCTIONS, AND BY GRANTING ACCESS FOR RESEARCH PURPOSES. THE ADMINISTRATION OF THE ART COLLECTION COMPLIES WITH MUSEUM-FIELD WIDE STANDARDS OF CARE (SEE AMERICAN ALLIANCE OF MUSEUMS, AAM). STUDENTS HAVE CURATED EXHIBITIONS FROM THE COLLECTIONS; WHEN APPROPRIATE, ARTWORK IS LOANED TO OTHER INSTITUTIONS FOR EXHIBITIONS OF SCHOLARLY IMPORTANCE; IMAGES OF ARTWORK ARE READILY AVAILABLE FOR REPRODUCTIONS IN COMMERCIAL (EX: TEXT BOOKS) AND ACADEMIC-SCHOLARLY PUBLICATIONS (GENERALLY AT NO CHARGE OR A NOMINAL FEE). THE LAFAYETTE COLLEGE'S SPECIAL COLLECTIONS AND COLLEGE ARCHIVES ARE HOME TO APPROXIMATELY 20,000 RARE BOOKS AND MORE THAN 2,000 CUBIC FEET OF MANUSCRIPTS AND ARCHIVES. THE HOLDINGS INCLUDE MANUSCRIPTS, RARE BOOK COLLECTIONS ON STEPHEN CRANE, ANGLING, MINIATURE BOOKS, AND ARTISTS' BOOKS; PAPERS OF FORMER TREASURY SECRETARY WILLIAM E. SIMON, NEW JERSEY GOVERNOR ROBERT E. MEYNER AND CONGRESSWOMAN HELEN MEYNER; THE EARLY RECORDS OF THE EASTON-BASED DIXIE CUP COMPANY AND THE PAPERS OF NOTED ILLUSTRATOR AND ARTIST HOWARD CHANDLER CHRISTY. THE COLLEGE ARCHIVES SERVE AS THE REPOSITORY FOR THE RECORDS OF LAFAYETTE COLLEGE, DATING BACK TO THE FOUNDING OF THE COLLEGE IN 1824-1826. IT IS CHARGED WITH RECORDS MANAGEMENT RESPONSIBILITIES FOR CURRENT COLLEGE RECORDS. THE ARCHIVES ALSO INCLUDE MORE THAN 50,000 PHOTOGRAPHS, AUDIO-VISUAL RECORDINGS, AND OBJECTS THAT DOCUMENT THE COLLEGE'S HISTORY. THE DEPARTMENT OF GEOLOGY AND ENVIRONMENTAL GEOSCIENCE HOUSES THE COLLEGE'S MINERAL, GEM, AND FOSSIL COLLECTION THAT CONSISTS OF MORE THAN 10,000 SPECIMENS. THE COLLECTION WAS STARTED OVER A CENTURY AGO AND HAS GROWN THROUGH THE GIFTS OF MANY PRIVATE COLLECTIONS. THE COLLECTION IS HOUSED IN VAN WICKLE HALL AND A LARGE NUMBER OF SPECIMENS ARE ON DISPLAY IN THE GEOLOGY MUSEUM IN THE CENTER OF VAN WICKLE HALL. THE COLLECTION IS MANAGED BY A PROFESSIONAL CURATOR WHO WORKS PART TIME TO CURATE THE COLLECTION AND CYCLE MINERALS FROM STORAGE THROUGH THE DISPLAY CASES. THE GROWTH AND MAINTENANCE OF THE COLLECTION IS PARTIALLY SUPPORTED BY AN ENDOWED FUND GIFTED BY JOHN POHL ALONG WITH THE DONATION OF HIS MINERAL COLLECTION IN 1952. THE COLLECTION HAS GROWN SIGNIFICANTLY DURING THE PAST 10 YEARS WITH DONATIONS TOTALING MORE THAN 1,000 SPECIMENS FROM SEVERAL DONORS. THE CENTERPIECE OF THE COLLECTION IS A TWO-TON PIECE OF ORBUCULAR GRANODIORITE QUARRIED IN WESTERN AUSTRALIA. THE GRANITOID FORMED IN A MAGMA CHAMBER 2.7 BILLION YEARS AGO AND THE ORBICULAR TEXTURE EARNED IT THE INFORMAL NAME OF THE LEOPARD ROCK. THE COLLECTION IS ENJOYED BY THE LAFAYETTE COMMUNITY, ELEMENTARY AND SECONDARY STUDENTS, YOUTH GROUPS, AND THE COMMUNITY AT LARGE. |
| PART IV, LINE 2B: | THE COLLEGE MAINTAINS AGENCY FUNDS FOR THE INVESTMENT CLUB AND THE ALUMNI ASSOCIATION. |
| PART V, LINE 4: | THE INTENT OF THE COLLEGE'S INVESTMENT GUIDELINES FOR ITS ENDOWMENT IS TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO THE COLLEGE'S PROGRAMS FROM THE ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. THE COLLEGE'S ENDOWMENT CONSISTS OF APPROXIMATELY 1,560 ENDOWED FUNDS THAT ARE ESTABLISHED FOR A VARIETY OF PURPOSES. ENDOWMENT CONTRIBUTIONS INCLUDE GIFTS AS WELL AS TRANSFERS TO BOARD DESIGNATED FUNDS. EARNINGS ON ENDOWMENT FUNDS ARE DESIGNATED FOR SCHOLARSHIPS, PROFESSORSHIPS, CHAIRS, STUDENT LOANS, INSTRUCTIONAL PROGRAMS, LIBRARY PURCHASES, GENERAL OPERATIONS, AND OTHER DESIGNATED PURPOSES. |
| PART X, LINE 2: | UNCERTAIN TAX POSITIONS UNDER FIN 48 U.S. GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE COLLEGE AND RECOGNIZE A TAX LIABILITY IF THE COLLEGE HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE COLLEGE, AND HAS CONCLUDED THAT AS OF JUNE 30, 2025, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE ACCOMPANYING FINANCIAL STATEMENTS. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | SCHOLARSHIPS AND FELLOWSHIPS -73,191,337. CHANGE IN ESTIMATED ANNUITIES PAYABLE -768,744. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENTS 34,672. CHANGE IN POSTRETIREMENT BENEFITS COST -974,846. INVESTMENT OFFICE EXPENSE -2,926,323. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | RENTAL REVENUES TO EXTENT EXPENDED -1,139,687. SPECIAL FUNDRAISING EVENT DIRECT EXPENSES -100,887. COLLEGE STORE (COGS) REVENUES TO EXTENT EXPENDED -1,354,478. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | RENTAL REVENUES TO EXTENT EXPENDED 1,139,687. SPECIAL FUNDRAISING EVENT DIRECT EXPENDITURES 100,887. COLLEGE STORE (COGS) REVENUES TO EXTENT EXPENDED 1,354,478. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | SCHOLARSHIPS AND FELLOWSHIPS 73,191,337. INVESTMENT OFFICE EXPENSES 2,926,323. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE E, PART I, LINE 3 | THE COLLEGE'S RACIAL NONDISCRIMINATORY POLICY IS PUBLICIZED WITHIN THE COLLEGE'S CATALOG WHICH CAN BE FOUND AT HTTP://CATALOG.LAFAYETTE.EDU/. IN ADDITION, THE COLLEGE HAS A SEPARATE DIVERSITY AND INCLUSIVENESS STATEMENT WHICH IS ALSO INCLUDED WITHIN THE COLLEGE'S CATALOG AT HTTP://CATALOG.LAFAYETTE.EDU/. |
| SCHEDULE E, PART I, LINE 6 | THE COLLEGE RECEIVES FINANCIAL AID AND ASSISTANCE FROM VARIOUS FEDERAL AND STATE GOVERNMENTAL AGENCIES UNDER THEIR RESPECTIVE STUDENT FINANCIAL AID ASSISTANCE PROGRAMS. FEDERAL GRANT PROGRAMS INCLUDE PELL GRANTS, DIRECT LOAN PROGRAMS, WORK-STUDY, THE PERKINS LOAN PROGRAM, AND FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS. STATE PROGRAMS INCLUDE THE PENNSYLVANIA HIGHER EDUCATION ASSISTANCE AGENCY. IN ADDITION, THE COLLEGE IS AWARDED RESEARCH GRANTS AND OTHER PROJECT GRANTS BY VARIOUS FEDERAL AND STATE AGENCIES. |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp (26 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Region Total ExpendituresRegionTotalExpendituresAmt | Specific Services ProvidedSpecificServicesProvidedTxt |
|---|---|---|---|---|---|
| CENTRAL AMERICA AND THE CARIBBEAN | 0 | 0 | INVESTMENTS | $403,147,928 | |
| EUROPE (INCLUDING ICELAND & GREENLAND) | 0 | 0 | INVESTMENTS | $43,479,678 | |
| MIDDLE EAST AND NORTH AFRICA | 0 | 0 | INVESTMENTS | $481,323 | |
| CENTRAL AMERICA AND THE CARIBBEAN | 0 | 0 | PROGRAM SERVICES | $23,814 | INSTRUCTION |
| CENTRAL AMERICA AND THE CARIBBEAN | 0 | 0 | PROGRAM SERVICES | $832 | RESEARCH |
| EAST ASIA AND THE PACIFIC | 0 | 0 | PROGRAM SERVICES | $16,210 | ACADEMIC SUPPORT |
| EAST ASIA AND THE PACIFIC | 0 | 0 | PROGRAM SERVICES | $17,162 | INSTRUCTION |
| EAST ASIA AND THE PACIFIC | 0 | 0 | PROGRAM SERVICES | $7,771 | RESEARCH |
| EAST ASIA AND THE PACIFIC | 0 | 0 | PROGRAM SERVICES | $15,256 | STUDENT SERVICES |
| EUROPE (INCLUDING ICELAND & GREENLAND) | 0 | 0 | PROGRAM SERVICES | $65,889 | ACADEMIC SUPPORT |
| EUROPE (INCLUDING ICELAND & GREENLAND) | 0 | 0 | PROGRAM SERVICES | $361,629 | INSTRUCTION |
| EUROPE (INCLUDING ICELAND & GREENLAND) | 0 | 0 | PROGRAM SERVICES | $22,764 | RESEARCH |
| EUROPE (INCLUDING ICELAND & GREENLAND) | 0 | 0 | PROGRAM SERVICES | $3,456 | STUDENT SERVICES |
| MIDDLE EAST AND NORTH AFRICA | 0 | 0 | PROGRAM SERVICES | $1,045 | INSTRUCTION |
| MIDDLE EAST AND NORTH AFRICA | 0 | 0 | PROGRAM SERVICES | $1,094 | RESEARCH |
| NORTH AMERICA | 0 | 0 | PROGRAM SERVICES | $7,073 | ACADEMIC SUPPORT |
| NORTH AMERICA | 0 | 0 | PROGRAM SERVICES | $1,447 | INSTRUCTION |
| RUSSIA AND NEIGHBORING STATES | 0 | 0 | PROGRAM SERVICES | $1,084 | INSTRUCTION |
| SOUTH AMERICA | 0 | 0 | PROGRAM SERVICES | $1,000 | ACADEMIC SUPPORT |
| SOUTH AMERICA | 0 | 0 | PROGRAM SERVICES | $42,425 | INSTRUCTION |
| SOUTH ASIA | 0 | 0 | PROGRAM SERVICES | $3,231 | INSTRUCTION |
| SOUTH ASIA | 0 | 0 | PROGRAM SERVICES | $802 | RESEARCH |
| SOUTH ASIA | 0 | 0 | PROGRAM SERVICES | $6,953 | STUDENT SERVICES |
| SUB-SAHARAN AFRICA | 0 | 0 | PROGRAM SERVICES | $8,322 | ACADEMIC SUPPORT |
| SUB-SAHARAN AFRICA | 0 | 0 | PROGRAM SERVICES | $23,323 | INSTRUCTION |
| SUB-SAHARAN AFRICA | 0 | 0 | PROGRAM SERVICES | $4,500 | RESEARCH |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $447,174,718 | SubtotalSpentAmt |
| Continuation Spent | $571,293 | ContinuationSpentAmt |
| Total Spent | $447,746,011 | TotalSpentAmt |
| Transfer To Foreign Corp | Yes (1) | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (1) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | Yes (1) | PassiveForeignInvestmestCoInd |
| Foreign Partnership | Yes (1) | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART 1, LINE 3: | THE ACCRUAL METHOD OF ACCOUNTING IS USED TO ACCOUNT FOR FOREIGN EXPENDITURES. INVESTMENTS ARE LISTED AT END OF YEAR FAIR MARKET VALUES. |
| PART IV, LINE 3: | LAFAYETTE REVIEWS THEIR INVESTMENTS AND ANY REQUIRED INTERNATIONAL FORMS ARE COMPLETED AND ATTACHED TO FORM 990-T FOR FILING AS NEEDED. |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | Yes (X) | MailSolicitationsInd |
| Email Solicitations | Yes (X) | EmailSolicitationsInd |
| Phone Solicitations | Yes (X) | PhoneSolicitationsInd |
| In Person Solicitations | Yes (X) | InPersonSolicitationsInd |
| Solicitation Of Non Govt Grants | Yes (X) | SolicitationOfNonGovtGrantsInd |
| Solicitation Of Govt Grants | Yes (X) | SolicitationOfGovtGrantsInd |
| Special Fundraising Events | Yes (X) | SpecialFundraisingEventsInd |
| Agrmt Prof Fundraising Acty | Yes (1) | AgrmtProfFundraisingActyInd |
Fundraiser Activity Info FundraiserActivityInfoGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | ActivityActivityTxt | Fundraiser Control Of FundsFundraiserControlOfFundsInd | Gross ReceiptsGrossReceiptsAmt | Retained By ContractorRetainedByContractorAmt | Net To OrganizationNetToOrganizationAmt |
|---|---|---|---|---|---|---|---|---|
| DELTA DEVELOPMENT GROUP INC | ||||||||
| 225 GRANDVIEW AVENUE SUITE 301 | CAMP HILL | PA | 17011 | CFRG CONSULTING AND ASSISTANCE WITH GRANTS | 0 | $0 | $78,143 | -$78,143 |
| MACKEY STRATEGIES | ||||||||
| 648 STATION ROAD | AMHERST | MA | 01002 | INTERIM VP AND CAMPAIGN CONSULTANT | 0 | $0 | $425,980 | -$425,980 |
| WINDFALL DATA | ||||||||
| 595 PACIFIC AVE FLOOR 4 | SAN FRANCISCO | CA | 94133 | NET WORTH ANALYSIS | 0 | $0 | $10,000 | -$10,000 |
| HURON CONSULTING SERVICES LLC | ||||||||
| 550 W BUREN STREET | CHICAGO | IL | 60607 | STAFFING AND OPERATIONAL READINESS CAMPAIGN | 0 | $0 | $23,858 | -$23,858 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Retained By Contractors | $537,981 | TotalRetainedByContractorsAmt |
| Total Net To Organization | -$537,981 | TotalNetToOrganizationAmt |
| Licensed States | PA | LicensedStatesCd |
| Licensed States | CA | LicensedStatesCd |
| Licensed States | FL | LicensedStatesCd |
| Licensed States | NH | LicensedStatesCd |
| Licensed States | NJ | LicensedStatesCd |
| Licensed States | NY | LicensedStatesCd |
| Licensed States | WA | LicensedStatesCd |
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | MAROON CLUB GOLF OUTING | Event1Nm |
| Gross Receipts Event1 | $91,295 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $14,960 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $76,335 | GrossRevenueEvent1Amt |
| Non Cash Prizes Event1 | $21,613 | NonCashPrizesEvent1Amt |
| Rent Facility Costs Event1 | $11,057 | RentFacilityCostsEvent1Amt |
| Food And Beverage Event1 | $16,102 | FoodAndBeverageEvent1Amt |
| Other Direct Expenses Event1 | $2,758 | OtherDirectExpensesEvent1Amt |
| Event2 | BASEBALL GOLF OUTING | Event2Nm |
| Gross Receipts Event2 | $72,001 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $16,440 | CharitableContriEvent2Amt |
| Gross Revenue Event2 | $55,561 | GrossRevenueEvent2Amt |
| Non Cash Prizes Event2 | $6,699 | NonCashPrizesEvent2Amt |
| Rent Facility Costs Event2 | $34,000 | RentFacilityCostsEvent2Amt |
| Food And Beverage Event2 | $5,406 | FoodAndBeverageEvent2Amt |
| Other Direct Expenses Event2 | $3,252 | OtherDirectExpensesEvent2Amt |
| Gross Receipts Total | $163,296 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $31,400 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $131,896 | GrossRevenueTotalEventsAmt |
| Non Cash Prizes Total Events | $28,312 | NonCashPrizesTotalEventsAmt |
| Rent Fclty Costs Total Events | $45,057 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $21,508 | FoodAndBeverageTotalEventsAmt |
| Oth Direct Expnss Total Events | $6,010 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $100,887 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $31,009 | NetIncomeSummaryAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE G, PART I, LINE 2B: | FormAndLineReferenceDesc |
| Explanation | DUE TO THE NATURE OF THE CONTRACT, IT IS DIFFICULT TO QUANTIFY AMOUNTS DIRECTLY GENERATED FROM PROFESSIONAL FUNDRAISING ACTIVITIES. THEREFORE, ONLY AMOUNTS PAID TO PROFESSIONAL FUNDRAISERS ARE REPORTED. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SOUTH DAKOTA STATE UNIVERSITY | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 414 EAST CLARK STREET | AddressLine1Txt |
| City | VERMILLION | CityNm |
| State Abbreviation | SD | StateAbbreviationCd |
| ZIP | 57069 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 466000364 | RecipientEIN |
| IRC Section | GOV | IRCSectionDesc |
| Cash Grant | $60,618 | CashGrantAmt |
| Non Cash Assistance | $0 | NonCashAssistanceAmt |
| Purpose Of Grant | NIH GRANT | PurposeOfGrantTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt | Valuation Method UsedValuationMethodUsedDesc | Non Cash AssistanceNonCashAssistanceDesc |
|---|---|---|---|---|
| INSTITUTIONAL SCHOLARSHIP AWARDS | 1695 | $73,191,337 | N/A | N/A |
| ACADEMIC PRIZES, AWARDS AND FELLOWSHIPS | 585 | $1,080,994 | N/A | N/A |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 2: | LAFAYETTE COLLEGE MAINTAINS A POLICY DEFINING ITS PROCEDURES FOR MONITORING THE USE OF SPONSORED FUNDS BY SUB-RECIPIENTS WHO ARE PERFORMING A PORTION OF A SPONSORED PROJECT EXTERNALLY AWARDED TO LAFAYETTE. THIS POLICY PROVIDES GUIDANCE TO ENSURE THAT SUB-RECIPIENTS CONDUCT THEIR PORTION OF SPONSORED PROJECTS IN COMPLIANCE WITH THE LAWS, REGULATIONS, TERMS AND CONDITIONS OF AWARDS AND SUB AWARDS, AND THAT REIMBURSEMENT COSTS INCURRED BY SUB-RECIPIENTS ARE ALLOWED. |
| PART II, LINE 1: | THE COLLEGE CONSIDERS THE AWARDING OF FINANCIAL AID (PRIMARILY GRANTS, SCHOLARSHIPS, LOANS, AND WORK-STUDY) TO ITS STUDENTS, INCLUDING NON-RESIDENT ALIEN STUDENTS, TO BE A U.S. BASED ACTIVITY AS STUDENTS OF THE COLLEGE ARE DEEMED TO BE LIVING IN THE UNITED STATES THROUGHOUT THEIR COMPLETION OF THE COLLEGE'S ACADEMIC CURRICULUM AND SUPPORTING PROGRAMS. THE COLLEGE AWARDS SCHOLARSHIPS AND FELLOWSHIPS ON THE BASIS OF MERIT AND/OR FINANCIAL NEED. THE SELECTION CRITERIA ARE BASED ON THE CALCULATED EXPECTED FAMILY CONTRIBUTION, WHICH IS DERIVED BY USING COMPLEX FORMULAS INVOLVING FAMILIES' INCOME, ASSETS, AND HOUSEHOLD SIZES INCLUDING, AMONG OTHER FACTORS, DEPENDENTS IN COLLEGE. THE COLLEGE'S FINANCIAL AID OFFICE ADMINISTERS AND MONITORS THESE AWARDS TO HELP ENSURE THAT THESE FUNDS ARE AWARDED TO ELIGIBLE RECIPIENTS IN ACCORDANCE WITH APPLICABLE FEDERAL, STATE, AND OTHER REQUIREMENTS, AS WELL AS RELEVANT INTERNAL COLLEGE POLICIES AND OPERATIONAL GUIDELINES. ACADEMIC PRIZES, AWARDS, FELLOWSHIP, AND INTERNSHIPS ARE AWARDED BASED ON A REVIEW BY THE APPLICABLE ACADEMIC DEPARTMENT. ALL AWARDED SCHOLARSHIPS ARE CREDITED TO THE STUDENT'S ACCOUNT AT THE COLLEGE AND ARE APPLIED TO BILLED CHARGES. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Idemnification Gross Up Pmts | Yes (X) | IdemnificationGrossUpPmtsInd |
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Personal Services | Yes (X) | PersonalServicesInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (1) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (16 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NICOLE F HURD | ||||||||||||||
| PRESIDENT | $672,500 | $0 | $241,500 | $0 | $113,882 | $0 | $32,888 | $0 | $72,800 | $0 | $1,133,570 | $0 | $0 | $0 |
| KRISHNA MEMANI | ||||||||||||||
| CHIEF INVESTMENT OFFICER | $446,244 | $0 | $498,735 | $0 | $15,570 | $0 | $32,775 | $0 | $16,464 | $0 | $1,009,788 | $0 | $0 | $0 |
| JOHN R DAILEY | ||||||||||||||
| DIRECTOR OF INVESTMENTS | $266,219 | $0 | $216,000 | $0 | $689 | $0 | $27,117 | $0 | $16,330 | $0 | $526,355 | $0 | $0 | $0 |
| LI ZHAO | ||||||||||||||
| DIR. OF INVESTMENTS (THRU 05/2025) | $248,070 | $0 | $220,000 | $0 | $367 | $0 | $24,338 | $0 | $3,234 | $0 | $496,009 | $0 | $0 | $0 |
| AUDRA J KAHR | ||||||||||||||
| EVP FINANCE & ADMINISTRATION | $367,121 | $0 | $25,000 | $0 | $21,731 | $0 | $33,581 | $0 | $16,421 | $0 | $463,854 | $0 | $0 | $0 |
| SHERRYTA FREEMAN | ||||||||||||||
| DIRECTOR OF ATHLETICS | $296,423 | $0 | $7,000 | $0 | $5,532 | $0 | $28,659 | $0 | $8,020 | $0 | $345,634 | $0 | $0 | $0 |
| BRUCE A MURPHY | ||||||||||||||
| KIRBY PROFESSOR OF GOVERNMENT & LAW | $284,173 | $0 | $0 | $0 | $3,486 | $0 | $28,507 | $0 | $15,252 | $0 | $331,418 | $0 | $0 | $0 |
| JOHN D TROXELL | ||||||||||||||
| HEAD COACH - FOOTBALL | $263,753 | $0 | $0 | $0 | $11,065 | $0 | $27,172 | $0 | $16,332 | $0 | $318,322 | $0 | $0 | $0 |
| JOHN KINCAID - MEYNER PROF | ||||||||||||||
| OF GOV.& PUBLIC SVCS. | $278,133 | $0 | $0 | $0 | $1,743 | $0 | $27,483 | $0 | $7,478 | $0 | $314,837 | $0 | $0 | $0 |
| FORREST STUART | ||||||||||||||
| VP ENROLLMENT MANAGEMENT | $237,983 | $0 | $15,000 | $0 | $1,723 | $0 | $23,969 | $0 | $16,252 | $0 | $294,927 | $0 | $0 | $0 |
| JOHN L O'KEEFE - VP CHIEF | ||||||||||||||
| INFORMATION OFFICER (THRU 10/2024) | $201,203 | $0 | $0 | $0 | $13,823 | $0 | $21,413 | $0 | $13,584 | $0 | $250,023 | $0 | $0 | $0 |
| SARAH MOSCHENROSS | ||||||||||||||
| VP FOR STUDENT LIFE | $202,806 | $0 | $2,000 | $0 | $515 | $0 | $20,842 | $0 | $16,131 | $0 | $242,294 | $0 | $0 | $0 |
| JOHN E MEIER | ||||||||||||||
| PROVOST (THRU 06/2024) | $166,129 | $0 | $0 | $0 | $23,127 | $0 | $17,753 | $0 | $31,884 | $0 | $238,893 | $0 | $0 | $0 |
| ALMA SCOTT-BUCZAK | ||||||||||||||
| ASSOC VP HUMAN RESOURCES | $176,101 | $0 | $0 | $0 | $27,473 | $0 | $18,127 | $0 | $15,148 | $0 | $236,849 | $0 | $0 | $0 |
| LAURA MCGRANE | ||||||||||||||
| PROVOST (AS OF 07/2024) | $141,343 | $0 | $0 | $0 | $6,032 | $0 | $14,500 | $0 | $23,158 | $0 | $185,033 | $0 | $0 | $0 |
| LESLIE MUHLFELDER | ||||||||||||||
| FORMER GENERAL COUNSEL (THRU 06/2024 | $184,548 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $184,548 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A: | TRAVEL FOR COMPANIONS - IN ACCORDANCE WITH COLLEGE POLICY, IN LIMITED INSTANCES WITH DOCUMENTATION FOR THE BUSINESS PURPOSE FULFILLED BY THE COMPANION AND ANY REQUIRED PRIOR APPROVALS, THE COLLEGE WILL PAY FOR TRAVEL EXPENSES OF A COMPANION WHEN THE COMPANION TRAVEL IS 1] FOR A BONA FIDE BUSINESS PURPOSE, AND 2] IMPORTANT TO THE ACHIEVEMENT OF THE COLLEGE'S PURPOSES THAT REQUIRE THE TRAVEL OF THE EMPLOYEE AND COMPANION. TAX INDEMNIFICATION - DURING CALENDAR YEAR 2024, A $22,285 TAX EQUALIZATION PAYMENT WAS MADE TO NICOLE F. HURD (PRESIDENT). THE PAYMENT IS IN ACCORDANCE WITH THE EMPLOYMENT CONTRACT AND/OR AUTHORIZATION FROM THE BOARD OF TRUSTEES AND ARE SPECIFIC TO THE PRESIDENT. HOUSING ALLOWANCE - AS PART OF THEIR EMPLOYMENT CONTRACT AND FOR THE CONVENIENCE OF THE COLLEGE, A COLLEGE-OWNED RESIDENCE WAS PROVIDED TO THE PRESIDENT. THE HOUSING PROVIDED IS LOCATED ON COLLEGE PROPERTY AND IS IN CONJUNCTION WITH THE OFFICER'S DUTIES. THE ESTIMATED ANNUAL VALUE OF THE HOUSING PROVIDED IS INCLUDED AS A NONTAXABLE BENEFIT IN THIS RETURN IN THE AMOUNT OF $56,336 FOR PRESIDENT NICOLE FARMER HURD. IT IS THE POLICY OF THE COLLEGE'S BOARD OF TRUSTEES THAT THE PRESIDENT RESIDE ON COLLEGE PROPERTY. THE PRESIDENT DETERMINES IF THE DUTIES OF OTHER OFFICERS REQUIRE THEM TO RESIDE ON COLLEGE PROPERTY. AS PART OF THEIR EMPLOYMENT CONTRACT, HOUSING WAS PROVIDED TO ALMA SCOTT-BUCZACK, THE ESTIMATED ANNUAL VALUE OF HOUSING PROVIDED IS INCLUDED AS A TAXABLE BENEFIT IN THIS RETURN IN THE AMOUNT OF $21,563 PERSONAL SERVICES - IN ACCORDANCE WITH THE POLICY OF THE COLLEGE'S BOARD OF TRUSTEES AND THE PRESIDENT'S EMPLOYMENT CONTRACT, THE PRESIDENT OF COLLEGE IS REQUIRED TO RESIDE ON COLLEGE PROPERTY. THE PRESIDENT'S HOUSE SERVES NOT ONLY AS A RESIDENCE, BUT ALSO AS A HOST LOCATION FOR MANY COLLEGE EVENTS AND THE COLLEGE PROVIDES STAFF TO MAINTAIN THE HOME. FOR CALENDAR YEAR 2024, $4,158 WAS THE PORTION OF THE HOUSEKEEPER'S SALARY DETERMINED TO BE FOR PERSONAL SERVICES AND INCLUDED AS REPORTABLE COMPENSATION. SOCIAL CLUB - THE COLLEGE MAINTAINS A SOCIAL CLUB MEMBERSHIP IN THE NAME OF THE PRESIDENT THAT IS PRIMARILY USED FOR BUSINESS PURPOSES, INCLUDING FUNDRAISING AND DONOR RELATION ACTIVITIES. |
| PART I, LINE 3: | THE COMPENSATION COMMITTEE ESTABLISHES THE PRESIDENT'S COMPENSATION. THE COMMITTEE REVIEWS DATA OBTAINED FROM ITS EXTERNAL COMPENSATION CONSULTANT ON PRESIDENTIAL SALARIES FROM COMPARABLE INSTITUTIONS AND UPDATES OR ADJUSTS THAT DATA THROUGH SURVEYS AND OTHER AVAILABLE RESOURCES. IN ADDITION, AN ANNUAL PERFORMANCE REVIEW IS CONDUCTED. |
| PART 1, LINE 7 | FROM TIME TO TIME CERTAIN EMPLOYMENT CONTRACTS CONTAIN BONUS CLAUSES. THESE BONUSES ARE BASED ON METRICS SPECIFIC TO THE POSITION. IN ADDITION, FROM TIME TO TIME, THE GOVERNING BODY PROVIDES BONUSES TO OFFICERS, DIRECTORS, KEY EMPLOYEES, AND OTHER STAFF BASED ON PERFORMANCE THEY DEEM TO BE WORTHY OF THE AWARD. THESE BONUSES ARE COMPLETELY DISCRETIONARY. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (4 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|
| NORTHAMPTON CITY GPA (SERIES 2010 A AND B) | ||||||||
| A | 233007498 | 66353LAY3 | 2010-04-30 | $26,689,800 | REFUND SERIES 10A, VAR. CAP. PROJECTS | 0 | 0 | 0 |
| NORTHAMPTON CITY GPA (SERIES 2018) | ||||||||
| B | 233007498 | 66353LDL8 | 2018-10-02 | $21,520,883 | COLLEGE REFUNDING REVENUE BONDS; REFUNDED 2008 SERIES | 0 | 0 | 0 |
| NORTHAMPTON CITY GPA (SERIES 2006) | ||||||||
| C | 233007498 | 66353LAG2 | 2006-09-14 | $15,100,000 | CONSTRUCT./RENOV. ATHLETIC FACILITIES | 0 | 0 | 0 |
| NORTHAMPTON CITY GPA (SERIES 2017) | ||||||||
| D | 233007498 | 66353LDE4 | 2017-07-14 | $158,271,482 | CONSTRUCTION/ PART ADV REF 2008 SERIES | 0 | 0 | 0 |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (4 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Total ProceedsTotalProceedsAmt | Capital ExpendituresCapitalExpendituresAmt | Other Spent ProceedsOtherSpentProceedsAmt | Substantial CompletionSubstantialCompletionYr | Refunding Tax Exempt BondsRefundingTaxExemptBondsInd | Refunding Taxable BondsRefundingTaxableBondsInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Capitalized InterestCapitalizedInterestAmt | Working Capital ExpendituresWorkingCapitalExpendituresAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | $4,485,173 | $26,690,421 | $4,400,421 | $22,290,000 | 2013 | Yes (1) | 0 | Yes (1) | Yes (1) | |||
| B | $326,873 | $21,520,883 | $21,150,000 | 2018 | Yes (1) | 0 | Yes (1) | Yes (1) | $370,883 | |||
| C | $4,189,573 | $15,100,000 | $14,981,170 | 2007 | 0 | 0 | Yes (1) | Yes (1) | $108,121 | $10,709 | ||
| D | $32,893,994 | $158,271,482 | $80,000,000 | $77,259,495 | 2020 | 0 | Yes (1) | Yes (1) | Yes (1) | $1,011,988 |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (4 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Any Research AgreementsAnyResearchAgreementsInd | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
| B | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
| C | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
| D | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (4 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | Yes (1) | Yes (1) | 0 | 0 | 0 | Yes (1) |
| B | 0 | 0 | 0 | Yes (1) | 0 | 0 | 0 | 0 | Yes (1) |
| C | 0 | 0 | 0 | Yes (1) | Yes (1) | 0 | 0 | 0 | Yes (1) |
| D | 0 | 0 | 0 | Yes (1) | Yes (1) | 0 | 0 | 0 | Yes (1) |
Procedures Corrective Action ProceduresCorrectiveActionGrp (4 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (1) |
| B | Yes (1) |
| C | Yes (1) |
| D | Yes (1) |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, BOND ISSUES: | (F) DESCRIPTION OF PURPOSE: CONTRUCTION/PARTIAL ADVANCE REFUNDING PRIOR BOND SCHEDULE K, PART IV, ARBITRAGE, LINE 2C: (A) ISSUER NAME: NORTHAMPTON CITY GPA (SERIES 2010 A AND B) DATE THE REBATE COMPUTATION WAS PERFORMED: 02/13/2015 (A) ISSUER NAME: NORTHAMPTON CITY GPA (SERIES 2006) DATE THE REBATE COMPUTATION WAS PERFORMED: 03/13/2015 (A) ISSUER NAME: NORTHAMPTON CITY GPA (SERIES 2018) DATE THE REBATE COMPUTATION WAS PERFORMED: 11/7/2023 ISSUER NAME: NORTHAMPTON CITY GPA (SERIES 2017) DATE THE REBATE COMPUTATION WAS PERFORMED: 06/15/2022 |
| PART I, SUPPLEMENTAL INFORMATION: | NORTHAMPTON COUNTY GPA (SERIES 2010 A AND B) IS ONE INTEGRATED STRUCTURE AS REPORTED ON IRS FORM 8038. IT IS COMPRISED OF TWO SUB-COMPONENTS, SERIES 2010 A WHICH HAD PROCEEDS OF $22,289,379 FOR THE PURPOSE OF RETIRING THE SERIES 2000 BONDS WAS STRUCTURED AS VARIABLE RATE DEBT AND SERIES 2010B WHICH HAD PROCEEDS OF $4,400,421 FOR VARIOUS CAPITAL PROJECTS AND IMPROVEMENTS WAS STRUCTURED AS FIXED RATE DEBT. |
| PART II, LINE 3: | THE DIFFERENCE FROM PART I(E) IS DUE TO INVESTMENT EARNINGS. |
| PART III: | THE COLLEGE CONTRACTS WITH A FOR-PROFIT DINING SERVICE PROVIDER FOR THE MANAGEMENT OF THE DINING OPERATIONS ON CAMPUS. THE CURRENT CONTRACT IS STRUCTURED SUCH THAT THE PREPONDERANCE OF FEES IS BASED ON A PER CAPITA CHARGE. A SMALL PORTION OF THE PROCEEDS OF THE SERIES 2008 BONDS WERE USED TO RENOVATE ONE OF THE SEVEN DINING VENUES ON CAMPUS, BUT GIVEN ITS NATURE, THE COLLEGE, WITH THE ADVICE OF COUNSEL, BELIEVES THE CONTRACT WITH THE FOR-PROFIT DINING SERVICE PROVIDER IS A QUALIFIED MANAGEMENT CONTRACT AND NOT SUBJECT TO PRIVATE USE. |
| PART IV, LINE 4: | USE OF INTEREST RATE HEDGING CONTRACTS: THE COLLEGE HAS THREE INTEREST RATE HEDGING CONTRACTS IN PLACE THAT WERE ENTERED INTO TO MITIGATE THE COLLEGE'S INTEREST RATE RISK INHERENT WITH VARIABLE RATE STRUCTURED DEBT. EACH OF THE HEDGING CONTRACTS REQUIRES THE COLLEGE TO PAY A FIXED RATE IN RETURN FOR A VARIABLE RATE LAFAYETTE COLLEGE DATE THE REBATE COMPUTATION WAS PERFORMED: 07/15/2020 24-0795686 THAT IS EXPECTED TO APPROXIMATE THE INTEREST RATE PAYABLE ON THE COLLEGE'S DEBT IN TYPICAL MARKETS. NONE OF THE INTEREST RATE HEDGING CONTRACTS ARE STRUCTURED AS "QUALIFIED" HEDGES ON THE RECORDS OF THE ISSUING AUTHORITY FOR ANY OF THE COLLEGE'S DEBT ISSUANCES, WHICH IS THE NORTHAMPTON COUNTY GENERAL PURPOSE AUTHORITY. AS SUCH, NONE OF THE INTEREST RATE HEDGES ARE INTEGRATED FOR TAX PURPOSES WITH A PARTICULAR DEBT ISSUANCE OF THE COLLEGE. |
Schedule L IRS990ScheduleL
Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash Grant | $16,199 | CashGrantAmt |
| Type Of Assistance | TUITION GRANT | TypeOfAssistanceTxt |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 2 | ContributionCnt |
| Noncash Contributions Rpt F990 | $2,289,500 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | EXPERT OPINION | MethodOfDeterminingRevenuesTxt |
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 119 | ContributionCnt |
| Noncash Contributions Rpt F990 | $4,764,165 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | SELLING PRICE | MethodOfDeterminingRevenuesTxt |
Other Non Cash Contri Table OtherNonCashContriTableGrp (2 entries)
| Non Cash CheckboxNonCashCheckboxInd | DescDesc | ContributionContributionCnt | Noncash Contributions Rpt F990NoncashContributionsRptF990Amt | Method Of Determining RevenuesMethodOfDeterminingRevenuesTxt |
|---|---|---|---|---|
| Yes (X) | GOODS/SERVICES | 9 | $14,416 | FMV |
| Yes (X) | AUCTIONS/EVENTS | 4 | $3,515 | FMV |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 3 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, COLUMN (B): | FormAndLineReferenceDesc |
| Explanation | THE NUMBER REPORTED IS THE NUMBER OF CONTRIBUTORS. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 1A | GOVERNANCE, MANAGEMENT, AND DISCLOSURE - GOVERNING BODY AND MANAGEMENT THE EXECUTIVE COMMITTEE OF THE BOARD CONSISTS OF THE CHAIR, VICE CHAIR, AND SECRETARY OF THE BOARD, THE CHAIRS OF THE STANDING COMMITTEES OF THE BOARD, THE PRESIDENT OF THE COLLEGE, AND THE IMMEDIATE PAST CHAIR OF THE BOARD FOR THE PERIOD OF ONE YEAR NEXT ENSUING THE TERMINATION OF HIS OR HER INCUMBENCY IN THAT OFFICE IN THE EVENT HE OR SHE CONTINUES TO SERVE DURING THAT PERIOD AS A MEMBER OF THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE TRANSACTS SUCH BUSINESS AS MAY BE COMMITTED TO IT BY THE BOARD, AND, WHEN THE BUSINESS OF THE COLLEGE REQUIRES, IT MAY ACT FOR THE BOARD IN ALL MATTERS NOT ESPECIALLY RESERVED, SUBJECT TO APPROVAL BY THE BOARD AT ITS FIRST MEETING THEREAFTER. THE COMMITTEE HAS THE FOLLOWING RESPONSIBILITIES: DEVELOPMENT OF A LONG-RANGE MASTER PLAN FOR THE COLLEGE SUBJECT TO PERIODIC REVIEW AND REVISION; CONSIDER AND RECOMMEND POLICIES FOR FINANCIAL LONG-RANGE PLANNING, BUDGETING, PRICING AND FEES; NOMINATE CANDIDATES FOR THE BOARD. COPIES OF THE MINUTES OF ITS TRANSACTIONS ARE CIRCULATED AMONG THE MEMBERS OF THE BOARD PRIOR TO THE NEXT ENSUING MEETING OF THE BOARD, AND, WHEN APPROVED, REPORTED AS TRANSACTIONS OF THE BOARD. |
| FORM 990, PART VI, SECTION A, LINE 2 | GOVERNANCE, MANAGEMENT, AND DISCLOSURE - BUSINESS RELATIONSHIPS FROM TIME TO TIME, VARIOUS TRUSTEES MAY HAVE RELATIONSHIPS OCCURRING IN THE NORMAL COURSE OF BUSINESS. THESE TRANSACTIONS ARE AT ARM'S LENGTH AND REPORTED TO THE COLLEGE IN COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY. |
| FORM 990, PART VI, SECTION A, LINE 4 | DURING THE FISCAL YEAR ENDED JUNE 30, 2025, THE BOARD OF TRUSTEES APPROVED AMENDMENTS TO THE COLLEGE'S STATUTES (CORPORATE BYLAWS) RELATING TO TRUSTEE CLASSIFICATION AND COMMITTEE GOVERNANCE STRUCTURE. NO AMENDMENTS WERE MADE TO THE ARTICLES OF INCORPORATION DURING THE YEAR. |
| FORM 990, PART VI, SECTION B, LINE 11B | PROCESS FOR THE REVIEW OF FORM 990 THE FORM 990 RETURN IS PREPARED BY THE COLLEGE'S ADMINISTRATION AND FORWARDED TO THE COLLEGE'S OUTSIDE TAX ADVISOR FOR REVIEW AND INPUT INTO ELECTRONIC MEDIA. THE COLLEGE WILL DISCUSS THE RETURN WITH ITS OUTSIDE TAX ADVISOR AND MAKE REVISIONS PRIOR TO PRINTING THE FIRST DRAFT RETURN. THE AUDIT COMMITTEE REVIEWS THE FIRST DRAFT RETURN, RECOMMENDS CHANGES, WHICH ARE THEN INCORPORATED INTO A REVISED DRAFT RETURN. THE AUDIT COMMITTEE REVIEWS THE SECOND DRAFT RETURN TO ENSURE THE COMMITTEE'S REQUESTED CHANGES WERE MADE. THE ADMINISTRATION WILL THEN DISTRIBUTE THE SECOND DRAFT RETURN TO THE FULL BOARD OF TRUSTEES WITH A REQUEST FOR REVIEW AND COMMENT. IF ANY QUESTIONS OR COMMENTS ARE RECEIVED FROM A BOARD MEMBER AND THE RETURN IS REVISED AS A RESULT, THE ADMINISTRATION WILL ADVISE THE FULL BOARD OF THE CHANGES BEFORE FILING OF THE FINAL RETURN. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE CONFLICT OF INTEREST POLICY FOR TRUSTEES, BOARD MEMBERS, OFFICERS OF THE ADMINISTRATION, AND OTHER KEY EMPLOYEES OF THE COLLEGE WAS APPROVED BY THE COLLEGE'S BOARD OF TRUSTEES ON OCTOBER 27, 1979. THIS POLICY IS PROVIDED TO ALL APPLICABLE INDIVIDUALS ANNUALLY FOR THEIR REVIEW AND DISCLOSURE OF BOTH ANY EXCEPTIONS TO THE POLICY AND ANY AFFILIATIONS FOR WHICH THE POLICY REQUIRES DISCLOSURE. THE COLLEGE REQUIRES THE SAME INDIVIDUALS TO COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE ANNUALLY. ALL DISCLOSURES REQUIRED UNDER THIS POLICY MUST BE DIRECTED IN WRITING TO THE SECRETARY OF THE BOARD OF TRUSTEES WHO IS RESPONSIBLE FOR THE ADMINISTRATION OF THIS POLICY. MATTERS UNDER THIS POLICY CONCERNING TRUSTEES ARE INITIALLY REPORTED TO THE CHAIRPERSON OF THE BOARD AND THE COLLEGE'S GENERAL COUNSEL FOR ACTION. MATTERS CONCERNING STAFF ARE REFERRED INITIALLY TO THE COLLEGE'S GENERAL COUNSEL AND THEN TO THE PRESIDENT. INFORMATION DISCLOSED TO THE SECRETARY (OR CHAIRPERSON OR PRESIDENT) IS HELD IN CONFIDENCE EXCEPT WHEN THE BEST INTEREST OF THE COLLEGE IS SERVED BY DISCLOSING THE INFORMATION TO THE BOARD IN EXECUTIVE SESSION. TRUSTEES, ASSOCIATES OR OFFICERS WHO HAVE DECLARED OR BEEN FOUND TO HAVE A CONFLICT OF INTEREST IN ANY MATTER BEFORE THE ADMINISTRATION OF THE BOARD SHALL REFRAIN FROM PARTICIPATING IN CONSIDERATION OF THE PROPOSED TRANSACTION, UNLESS FOR SPECIAL REASONS, THE BOARD OR ADMINISTRATION REQUESTS INFORMATION OR INTERPRETATION FROM THE PERSON OR PERSONS INVOLVED. THE PERSON OR PERSONS INVOLVED SHOULD NOT VOTE ON SUCH MATTERS AND SHOULD NOT BE PRESENT AT THE TIME OF THE VOTE. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE PROCESS FOR DETERMINING THE COMPENSATION OF THE OFFICERS AND KEY EMPLOYEES OF THE ADMINISTRATION: THE PROCESS FOR REVIEWING THE PRESIDENT'S COMPENSATION IS DISCLOSED ON SCHEDULE J, PART I, LINE 3 AND THE CORRESPONDING NARRATIVE ON SCHEDULE J, PART III. THE PRESIDENT RECOMMENDS THE COMPENSATION FOR OTHER OFFICERS (VICE-PRESIDENTS) AND KEY EMPLOYEES. BASED ON A WRITTEN ANNUAL PERFORMANCE SUMMARY, EACH OFFICER'S COMPENSATION IS THEN ESTABLISHED BY THE COMPENSATION COMMITTEE WHICH REVIEWS DATA OBTAINED FROM ITS EXTERNAL COMPENSATION CONSULTANT ON SALARIES OF COMPARABLE OFFICERS FROM COMPARABLE INSTITUTIONS AND ADJUSTS THAT DATA THROUGH SURVEYS AND OTHER AVAILABLE RESOURCES. THE DELIBERATION AND FINAL DETERMINATION OF THE PRESIDENT, OTHER OFFICER, AND KEY EMPLOYEE COMPENSATION IS TIMELY DOCUMENTED. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE COLLEGE'S AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE COLLEGE'S PUBLIC WEBSITE. THE COLLEGE'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT AVAILABLE TO THE PUBLIC ON ITS WEBSITE. REQUESTS FOR COPIES OF FORMS 990 AND 990-T ARE PROVIDED PROMPTLY UPON REQUEST IN EITHER HARD-COPY OR ELECTRONIC FORMS, AND THE COLLEGE DOES NOT CHARGE FOR EITHER COPYING OR MAILING COSTS. AFTER THE FILING OF THE FORM 990 RETURN FOR THE SAME TAX YEAR, THE COLLEGE WILL PROVIDE A COPY TO GUIDESTAR FOR PUBLICATION ON THEIR WEBSITE. |
| FORM 990, PART XI, LINE 9: | CHANGES IN ESTIMATED ANNUITIES PAYABLE -768,744. CHANGES IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENTS 34,672. CHANGES IN POSTRETIREMENT BENEFITS COST -974,846. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|
| JOHN T GALLAHER CHARITABLE TRUST | ||||||||||
| PO BOX 185 | PITTSBURGH | PA | 15230 | 236215376 | PERPETUAL TRUST | PA | 501(C)(3) | PF | LAFAYETTE COLLEGE | Yes (1) |
| CHARLES W BLAIR TESTAMENTARY TRUST B | ||||||||||
| 10 S DEARBORN | CHICAGO | IL | 60603 | 726130983 | PERPETUAL TRUST | IL | 501(C)(3) | PF | 0 | |
| CHURCH PRESBYTERIAN CHURCH USA FOUNDATION - SIGLER | ||||||||||
| 200 EAST TWELFTH STREET STE B | JEFFERSONVILLE | TN | 47130 | 231440115 | PERPETUAL TRUST | TN | 501(C)(3) | PF | 0 | |
| CHURCH PRESBYTERIAN CHURCH USA FOUNDATION - RAYMOND MUSIC | ||||||||||
| 200 EAST TWELFTH STREET STE B | JEFFERSONVILLE | TN | 47130 | 231440115 | PERPETUAL TRUST | TN | 501(C)(3) | PF | 0 | |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (4 entries)
| Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Entity TypeEntityTypeTxt | OwnershipOwnershipPct | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|
| CHARITABLE REMAINDER UNITRUSTS (23) | |||||
| INVESTMENTS | PA | LAFAYETTE COLLEGE | T | 1.00000 | Yes (1) |
| PERPETUAL TRUST (1) | |||||
| INVESTMENTS | NV | T | 0 | ||
| PERPETUAL TRUST (2) | |||||
| INVESTMENTS | NV | T | 0 | ||
| PERPETUAL TRUST (3) | |||||
| INVESTMENTS | PA | T | 0 | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (1) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp
Other Organization Name OtherOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHARITABLE REMAINDER TRUSTS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | S | TransactionTypeTxt |
| Involved | $514,850 | InvolvedAmt |
| Method Of Amount Determination | FMV | MethodOfAmountDeterminationTxt |
Comments