Peirce College
- Assets
- $38.0m
- Revenue
- $17.2m
- Investments
- $61.9k
- Employees
- 177
- Location
- Philadelphia, PA
- Founding
- 02/1965
- Data as of
- 06/2023
- EIN
- 23-1627436
Organization Overview
Peirce College is located in Philadelphia, PA. The organization was established in 1965. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2023, Peirce College employed 177 individuals. This organization is an itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. Peirce 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 06/2023, Peirce College generated $17.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.5%) each year. All expenses for the organization totaled $21.0m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (3.6%) per year over the past 8 years. 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
2023
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 |
|---|---|---|---|
Name Not Listed Chair | 1 | $0 | |
Name Not Listed Board Member | 1 | $0 | |
Name Not Listed Board Member | 1 | $0 | |
Name Not Listed Board Member | 1 | $0 | |
Name Not Listed Board Member | 1 | $0 | |
Name Not Listed Board Member | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dcw Media Advertising | 6/29/23 | $822,000 |
Salesforceorg Software | 6/29/23 | $125,562 |
Grant Thornton Llp Audit/tax | 6/29/23 | $138,002 |
Capture Llc Lead Management | 6/29/23 | $205,763 |
Jenzabar Licenses | 6/29/23 | $121,714 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,632,027 |
| All other contributions, gifts, grants, and similar amounts not included above | $365,924 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,997,951 |
| Total Program Service Revenue | $10,666,776 |
| Investment income | $633,395 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $666,338 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,189,414 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,050,478 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,580,746 |
| Compensation of current officers, directors, key employees. | $435,670 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,827,979 |
| Pension plan accruals and contributions | $388,034 |
| Other employee benefits | $1,199,377 |
| Payroll taxes | $559,663 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $89,745 |
| Fees for services: Accounting | $142,601 |
| Fees for services: Lobbying | $65,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $51,683 |
| Fees for services: Other | $1,089,095 |
| Advertising and promotion | $843,260 |
| Office expenses | $176,829 |
| Information technology | $946,296 |
| Royalties | $0 |
| Occupancy | $522,421 |
| Travel | $16,595 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,778 |
| Interest | $230,903 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $634,619 |
| Insurance | $177,360 |
| All other expenses | $0 |
| Total functional expenses | $21,010,653 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $322,308 |
| Savings and temporary cash investments | $2,071 |
| Pledges and grants receivable | $537,696 |
| Accounts receivable, net | $776,327 |
| 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 | $462,205 |
| Net Land, buildings, and equipment | $7,753,135 |
| Investments—publicly traded securities | $24,786,058 |
| Investments—other securities | $61,860 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,345,852 |
| Total assets | $38,047,512 |
| Accounts payable and accrued expenses | $745,750 |
| Grants payable | $0 |
| Deferred revenue | $173,551 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,335,764 |
| Unsecured mortgages and notes payable | $3,500,000 |
| Other liabilities | $2,824,003 |
| Total liabilities | $9,579,068 |
| Net assets without donor restrictions | $24,848,866 |
| Net assets with donor restrictions | $3,619,578 |
| 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 | $38,047,512 |