Gratz College
- Assets
- $9.6m
- Revenue
- $4.9m
- Investments
- $0.0
- Employees
- 129
- Location
- Melrose Park, PA
- Founding
- 11/1959
- Data as of
- 08/2021
- EIN
- 23-1352642
Organization Overview
Gratz College is located in Melrose Park, PA. The organization was established in 1959. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 08/2021, Gratz College employed 129 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gratz 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 08/2021, Gratz College generated $4.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $4.1m during the year ending 08/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Finkelman President | Officer | 50 | $185,568 |
Naomi Housman Director Of Institutional | 50 | $119,804 | |
Rabbi Lance Sussman Board Chair | OfficerTrustee | 1 | $0 |
Michelle Portnoff ESQ Board Chair Emerita | OfficerTrustee | 1 | $0 |
Kathleen Elias Vice Chair | OfficerTrustee | 1 | $0 |
David H Weinstein ESQ Board Chair Emeritus | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $42,799 |
| Related organizations | $0 |
| Government grants | $655,701 |
| All other contributions, gifts, grants, and similar amounts not included above | $675,807 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,374,307 |
| Total Program Service Revenue | $3,407,195 |
| Investment income | $119,891 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$74,442 |
| Net Gain/Loss on Asset Sales | $118,719 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,945,670 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $301,665 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $380,450 |
| Compensation of current officers, directors, key employees. | $260,646 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,927,813 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $264,052 |
| Payroll taxes | $171,582 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $41,634 |
| Fees for services: Accounting | $41,376 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $44,072 |
| Fees for services: Other | $477,200 |
| Advertising and promotion | $47,795 |
| Office expenses | $49,221 |
| Information technology | $2,297 |
| Royalties | $0 |
| Occupancy | $14,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,414 |
| Interest | $61,326 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $162,190 |
| All other expenses | $49,456 |
| Total functional expenses | $4,148,157 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,100 |
| Savings and temporary cash investments | $486,914 |
| Pledges and grants receivable | $84,488 |
| Accounts receivable, net | $250,355 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $87,642 |
| Net Land, buildings, and equipment | $1,767,091 |
| Investments—publicly traded securities | $6,742,256 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $161,372 |
| Total assets | $9,581,218 |
| Accounts payable and accrued expenses | $196,351 |
| Grants payable | $0 |
| Deferred revenue | $269,831 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $200,000 |
| Secured mortgages and notes payable | $1,370,561 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $113,567 |
| Total liabilities | $2,150,310 |
| Net assets without donor restrictions | $657,381 |
| Net assets with donor restrictions | $6,773,527 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,581,218 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Gratz College has recieved totaling $52,570.
| Awarding Organization | Amount |
|---|---|
Pbhp Inc New York, NY PURPOSE: FUNDING TO SUPPORT THE COLLEGE'S POST-GRADUATE STUDIES PROGRAM FOR STUDENTS SEEKING TO OBTAIN A MASTERS DEGREE IN JEWISH EDUCATION OR JEWISH COMMUNAL SERVICE. | $23,869 |
Pbhp Inc New York, NY PURPOSE: FUNDING TO SUPPORT THE COLLEGE'S POST-GRADUATE STUDIES PROGRAM FOR STUDENTS SEEKING TO OBTAIN A MASTERS DEGREE IN JEWISH EDUCATION OR JEWISH COMMUNAL SERVICE. | $17,706 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $5,454 |
Sitchin Foundation Inc West Harrison, NY PURPOSE: UNRESTRICTED | $2,000 |
William Goldman Foundation C/O Marilyn Klein Radnor, PA PURPOSE: UNRESTRICTED | $1,500 |
Specter Foundation Gladwyne, PA PURPOSE: TO FUND THE RECIPIENT'S OPERATING BUDGET | $1,000 |
Endowment Analysis
| Beg. Balance | $4,500,673 |
| Earnings | $738,574 |
| Net Contributions | $320,942 |
| Other Expense | $192,939 |
| Ending Balance | $5,367,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Valley Forge Of The Assemblies Of God Phoenixville, PA | $33,204,385 | $17,692,057 |
Capitol Technology University Laurel, MD | $27,498,251 | $16,836,672 |
Wilberforce University Wilberforce, OH | $28,180,485 | $40,652,171 |
Manor College Jenkintown, PA | $17,591,857 | $16,869,766 |
Boricua College New York, NY | $59,386,544 | $9,310,938 |
Purchase College Association Inc Suny College At Purchase Purchase, NY | $7,359,023 | $12,412,930 |
Bard College Berlin A Liberal Arts University Ggmbh Annandaleonhudson, NY | $6,902,665 | $9,754,938 |
Art Academy Of Cincinnati Cincinnati, OH | $6,583,513 | $9,495,180 |
Pennsylvania Institue Of Technology Media, PA | $8,362,791 | $13,243,605 |
The College Of New Jersey Foundation Inc Ewing, NJ | $60,398,961 | $30,765,630 |
Fei Tian College Cuddebackville, NY | $23,027,384 | $17,138,947 |
Pontifical College Josephinum Columbus, OH | $57,627,425 | $9,311,900 |