Corporation Of Haverford College
- Assets
- $752.1m
- Revenue
- $138.8m
- Investments
- $394.6m
- Employees
- 2,088
- Location
- Haverford, PA
- Founding
- 01/1941
- Data as of
- 06/2020
- EIN
- 23-6002304
Organization Overview
Corporation Of Haverford College, operating under the name Haverford College, is located in Haverford, PA. The organization was established in 1941. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Haverford College employed 2,088 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Haverford College is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2020, Haverford College generated $138.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $140.6m during the year ending 06/2020. While expenses have increased by 2.3% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Haverford College has awarded 14 individual grants totaling $850,819. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
LEADING LIBERAL ARTS COLLEGE KNOWN FOR: ACADEMIC RIGOR, HONOR CODE & A BEAUTIFUL ARBORETUM CAMPUS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COLLEGE'S ACADEMIC RELATED EXPENDITURES INCLUDE INSTRUCTION (UNDERGRADUATE LIBERAL ARTS), ACADEMIC SUPPORT, FINANCIAL AID, AND RESEARCH. THESE EXPENSES SUPPORTED 1,401 STUDENT FTE AND 175.4 FACULTY FTE. THE COLLEGE CONFERRED 326 DEGREES IN 20/21. RESEARCH STIPENDS TOTALING $628,371 WERE AWARDED TO 268 STUDENTS. THE MAJORITY OF RESEARCH AWARDS ARE IN THE NATURAL SCIENCES. FEDERAL FUNDS SUPPORTED 30 SPONSORED PROJECTS. OTHER SUPPORT COMES FROM PRIVATE FOUNDATIONS, DONOR DESIGNATED FUNDS, AND INTERNALLY DESIGNATED (UNRESTRICTED) FUNDS. THE COLLEGE ALSO SPENT FUNDS ON FINANCIAL AID: HAVERFORD COLLEGE SCHOLARSHIPS TOTALING $29,932,616 WERE AWARDED TO 611 STUDENTS AND FSEOG AWARDS TOTALING $189,000 WERE RECEIVED BY 94 STUDENTS.
AUXILIARY ENTERPRISES (DORMS, DINING CENTER, FACULTY HOUSING, AND CONFERENCE PROGRAMS). HAVERFORD IS A RESIDENTIAL INSTITUTION WHERE MOST OF THE STUDENT BODY LIVE ON CAMPUS AND ACTIVELY PARTICIPATE IN CAMPUS LIFE. THE DORMS HOUSED AN AVERAGE OF 959 STUDENTS AND AN AVERAGE OF 854 STUDENTS WERE ON A MEAL PLAN. HAVERFORD PROVIDED 49 SPACES FOR RENT TO THE FACULTY TO FOSTER EDUCATIONAL INTERACTION WITH STUDENTS.
STUDENT SERVICES DEAN, REGISTRAR, COUNSELING, CAREER DEVELOPMENT, HEALTH SERVICES, ATHLETICS, DISABILITY SERVICES, AND OTHER MISCELLANEOUS SERVICES. WHILE THESE OFFICES SUPPORT STUDENT HEALTH, DEVELOPMENT, AND WELL-BEING IN DIFFERENT WAYS, THEY ALL SHARE AN APPROACH THAT IS BASED ON RESPECT FOR STUDENT CHOICES AND A FUNDAMENTAL COMMITMENT TO THE IMPORTANCE OF EDUCATION IN THE DECISION-MAKING PROCESS. THE STAFF OF THESE OFFICES ARE COMMITTED TO HELPING STUDENTS ACHIEVE THEIR POTENTIAL BOTH AS INDIVIDUALS AND AS MEMBERS OF THE COMMUNITY. THE RECENT 6-YEAR GRADUATION RATES FOR THE COLLEGE HAVE BEEN 90% OR HIGHER. BASED ON THE ENTIRE CLASS OF 2020 (GRADUATING DURING THE COVID-19 PANDEMIC), 16% PROCEEDED DIRECTLY TO GRADUATE/PROFESSIONAL SCHOOL AND 50% WERE EMPLOYED, UNDERTAKING VOLUNTEER WORK OR AWARDED A FELLOWSHIP WITHIN SIX MONTHS OF GRADUATION. 34% WERE SEEKING EMPLOYMENT OR UNKNOWN AT THAT POINT. IN ADDITION, HAVERFORD COLLEGE GRADUATES EARNED A TOTAL OF 426 DOCTORATES FOR THE 10 YEAR PERIOD (2008-2017), WHICH EQUATES TO A 14.4% RATE OF DOCTORAL PRODUCTION. THIS RATE PLACES HAVERFORD COLLEGE 6TH AMONG ALL LIBERAL ARTS COLLEGES FOR THIS TIME PERIOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wendy Raymond President | OfficerTrustee | 50 | $477,448 |
Mitchell L Wein Sr. VP Admin/finance, Treasurer | Officer | 50 | $345,010 |
Ann Figueredo VP Inst Advancement (until 12/31/20) | Officer | 50 | $299,618 |
Michael H Casel Chief Invest Officer, Asst Treasurer | Officer | 50 | $293,911 |
Jess H Lord Vp/dean Of Admissions/financial Aid | Officer | 50 | $238,142 |
Megan E Fitch Chief Information Officer | Officer | 50 | $221,028 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nb Rogers Inc Contractor Services | 6/29/21 | $1,038,282 |
The Stone House Group Contractor Services | 6/29/21 | $750,943 |
The Regents Of The University Of Califor Laboratory Services | 6/29/21 | $361,195 |
The Whiting-turner Contracting Company Contractor Services | 6/29/21 | $7,404,694 |
William Rawn Associates Architects Inc Architectural Services | 6/29/21 | $350,834 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,218,402 |
| Investment income | $6,507,832 |
| Tax Exempt Bond Proceeds | $19,877 |
| Royalties | $0 |
| Net Rental Income | $86,025 |
| Net Gain/Loss on Asset Sales | $9,825,235 |
| Net Income from Fundraising Events | $8,225 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$41,486 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $138,771,193 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $30,811,189 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,320,426 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,904,252 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $43,590,391 |
| Pension plan accruals and contributions | $4,157,567 |
| Other employee benefits | $8,754,270 |
| Payroll taxes | $2,838,389 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $705,928 |
| Fees for services: Accounting | $224,641 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $665,800 |
| Fees for services: Other | $4,362,289 |
| Advertising and promotion | $57,414 |
| Office expenses | $2,682,644 |
| Information technology | $2,097,882 |
| Royalties | $0 |
| Occupancy | $4,737,199 |
| Travel | $1,465,693 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,240,153 |
| Interest | $6,431,455 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,842,645 |
| Insurance | $890,761 |
| All other expenses | $0 |
| Total functional expenses | $140,563,216 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,794,577 |
| Savings and temporary cash investments | $16,987,408 |
| Pledges and grants receivable | $8,675,429 |
| Accounts receivable, net | $4,377,316 |
| Loans from Officers, Directors, or Controlling Persons | $233,840 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,217,082 |
| Inventories for sale or use | $49,198 |
| Prepaid expenses and deferred charges | $759,032 |
| Investments—publicly traded securities | $132,080,374 |
| Investments—other securities | $394,599,189 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $110,122 |
| Total assets | $752,081,702 |
| Accounts payable and accrued expenses | $8,413,440 |
| Grants payable | $0 |
| Deferred revenue | $2,750,841 |
| Tax-exempt bond liabilities | $144,874,058 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $20,352,533 |
| Total liabilities | $176,390,872 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $575,690,830 |
Grants Awarded
Over the last fiscal year, Corporation Of Haverford College has awarded $70,736 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: RESEARCH- NASA SUBAWARD | $15,368 |
New York, NY PURPOSE: RESEARCH- NASA SUBAWARD | $15,368 |
Philadelphia, PA PURPOSE: HIGHER EDUCATION PARTNERSHIP | $7,500 |
Philadelphia, PA PURPOSE: ANNUAL SUPPORT | $7,500 |
Philadelphia, PA PURPOSE: ANNUAL SUPPORT | $7,500 |
Philadelphia, PA PURPOSE: HIGHER EDUCATION PARTNERSHIP | $7,500 |
Grants Recieved
Over the last fiscal year, we have identified 37 grants that Corporation Of Haverford College has recieved totaling $1,999,634.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $499,521 |
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: SCHOLARSHIPS & FINANCIAL AID | $175,000 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: EDUCATION | $157,833 |
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: IN SUPPORT OF A FACULTY ASSIGNMENT THROUGH THE INTERGOVERNMENTAL PERSONNEL ACT TO THE WHITE HOUSE OFFICE OF SCIENCE AND TECHNOLOGY POLICY. | $134,885 |
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: IN SUPPORT OF A FACULTY ASSIGNMENT THROUGH THE INTERGOVERNMENTAL PERSONNEL ACT TO THE WHITE HOUSE OFFICE OF SCIENCE AND TECHNOLOGY POLICY | $134,885 |
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: IN SUPPORT OF A FACULTY ASSIGNMENT THROUGH THE INTERGOVERNMENTAL PERSONNEL ACT TO THE WHITE HOUSE OFFICE OF SCIENCE AND TECHNOLOGY POLICY. | $134,885 |
Endowment Analysis
| Beg. Balance | $503,436,957 |
| Earnings | $159,161,111 |
| Admin Expense | $1,174,617 |
| Net Contributions | $6,495,344 |
| Other Expense | $20,345,506 |
| Grants | $6,088,565 |
| Ending Balance | $641,484,724 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ithaca College Ithaca, NY | $834,703,732 | $365,679,639 |
Touro University New York, NY | $558,489,117 | $321,976,604 |
Saint Josephs University Philadelphia, PA | $901,366,941 | $347,052,680 |
Colgate University Treasurers Office Hamilton, NY | $1,984,946,016 | $378,114,548 |
Oberlin College Oberlin, OH | $1,432,118,020 | $305,531,376 |
Skidmore College Saratoga Springs, NY | $987,033,808 | $268,742,242 |
Lafayette College Easton, PA | $1,381,563,896 | $228,460,340 |
Swarthmore College Swarthmore, PA | $3,573,029,000 | $364,464,007 |
Denison University Granville, OH | $1,502,847,785 | $275,909,448 |
Barnard College New York, NY | $934,956,587 | $267,817,606 |
Gettysburg College Gettysburg, PA | $570,755,194 | $196,773,554 |
Trustees Of Hamilton College Clinton, NY | $1,394,895,135 | $220,131,728 |