Bucknell University
- Assets
- $1.7b
- Revenue
- $331.8m
- Investments
- $881.3m
- Employees
- 3,182
- Location
- Lewisburg, PA
- Founding
- 04/1924
- Data as of
- 06/2021
- EIN
- 24-0772407
Organization Overview
Bucknell University is located in Lewisburg, PA. The organization was established in 1924. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2021, Bucknell University employed 3,182 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bucknell University 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 06/2021, Bucknell University generated $331.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $308.0m during the year ending 06/2021. While expenses have increased by 2.0% 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 2016, Bucknell University has awarded 21 individual grants totaling $769,254. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
BUCKNELL IS A UNIQUE NATIONAL UNIVERSITY WHERE LIBERAL ARTS AND PROFESSIONAL PROGRAMS COMPLEMENT EACH OTHER.
Describe the Organization's Program Activity:
ACADEMIC AND EDUCATIONAL - THE EXPENSES OF INSTRUCTIONAL DEPARTMENTS AND PROGRAMS AND THE EXPENSES OF ACTIVITIES AND SERVICES THAT DIRECTLY SUPPORT INSTRUCTION
AUXILIARY ENTERPRISES - THE EXPENSES OF ROOM, BOARD, AND OTHER SERVICES PRIMARILY FOR THE UNIVERSITY'S STUDENTS
STUDENT SERVICES - THE EXPENSES OF ACTIVITIES AND SERVICES THAT INDIRECTLY SUPPORT THE EDUCATIONAL PROGRAMS SUCH AS LIBRARY SERVICES AND ATHLETICS/RECREATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John C Bravman President | OfficerTrustee | 40 | $725,177 |
Scott G Rosevear Vp-Dev & Alum | Officer | 40 | $355,159 |
Karin W Rilley General Counsel | Officer | 40 | $322,949 |
Elisabeth Mermann-Jozwiak Provost | Officer | 40 | $318,939 |
Nathan Davis Coach-Men's Basket | 40 | $312,292 | |
Raquel Alexander Dean - Management | 40 | $302,420 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Evangelical-geisinger Health Llc On-campus Healthcare | 6/29/21 | $1,817,382 |
Zartman Contruction Inc Construction | 6/29/21 | $1,760,588 |
Genetworx Covid Testing | 6/29/21 | $4,424,046 |
Parkhurst Dining Service Food Management | 6/29/21 | $9,644,628 |
Poole Anderson Construction Llc Construction | 6/29/21 | $22,829,555 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,706,246 |
| All other contributions, gifts, grants, and similar amounts not included above | $30,436,004 |
| Noncash contributions included in lines 1a–1f | $4,507,664 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $39,142,250 |
| Total Program Service Revenue | $251,899,083 |
| Investment income | $3,467,145 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1 |
| Net Gain/Loss on Asset Sales | $34,646,735 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $331,765,475 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $171,033 |
| Grants and other assistance to domestic individuals. | $64,739,930 |
| Grants and other assistance to Foreign Orgs/Individuals | $5,631,850 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $6,692,993 |
| Compensation of current officers, directors, key employees. | $3,543,249 |
| Compensation to disqualified persons | $789,340 |
| Other salaries and wages | $97,938,428 |
| Pension plan accruals and contributions | $8,651,121 |
| Other employee benefits | $24,953,256 |
| Payroll taxes | $6,962,631 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $420,067 |
| Fees for services: Accounting | $258,652 |
| Fees for services: Lobbying | $20,060 |
| Fees for services: Fundraising | $259,508 |
| Fees for services: Investment Management | $1,905,171 |
| Fees for services: Other | $27,837,737 |
| Advertising and promotion | $207,122 |
| Office expenses | $7,289,976 |
| Information technology | $5,602,252 |
| Royalties | $0 |
| Occupancy | $2,699,915 |
| Travel | $914,721 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,245,450 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,354,880 |
| Insurance | $1,610,480 |
| All other expenses | $0 |
| Total functional expenses | $307,999,875 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,663,133 |
| Savings and temporary cash investments | $2,439,912 |
| Pledges and grants receivable | $42,433,522 |
| Accounts receivable, net | $1,978,198 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $26,392,769 |
| Inventories for sale or use | $67,428 |
| Prepaid expenses and deferred charges | $3,901,359 |
| Net Land, buildings, and equipment | $391,201,722 |
| Investments—publicly traded securities | $270,536,625 |
| Investments—other securities | $881,336,964 |
| Investments—program-related | -$9,245,096 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,702,706,536 |
| Accounts payable and accrued expenses | $126,840,024 |
| Grants payable | $0 |
| Deferred revenue | $8,840,412 |
| Tax-exempt bond liabilities | $169,131,931 |
| 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 | $557,160 |
| Other liabilities | $3,467,526 |
| Total liabilities | $308,837,053 |
| Net assets without donor restrictions | $581,997,263 |
| Net assets with donor restrictions | $811,872,220 |
| 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 | $1,702,706,536 |
Grants Awarded
Over the last fiscal year, Bucknell University has awarded $170,354 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Danville, PA PURPOSE: Collaborative Research | $84,137 |
Daytona Beach, FL PURPOSE: Collaborative Research | $37,793 |
INDIANA UNIVERSITY PURPOSE: Collaborative Research | $22,520 |
Troy, NY PURPOSE: Collaborative Research | $13,570 |
ARIZONA STATE UNIVERSITY PURPOSE: Collaborative Research | $12,334 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Bucknell University has recieved totaling $72,228.
| Awarding Organization | Amount |
|---|---|
Doctorbird Foundation Wilmington, DE PURPOSE: STUDENT MENTAL HEALTH SERVICES PROGRAM | $20,000 |
Friedman Memorial Scholarship Tr Uw Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $17,228 |
Walker Family Foundation Beach City, TX PURPOSE: COLLEGE SCHOLARSHIP GRANT | $7,500 |
The Huether Foundation Inc Phoenix, MD PURPOSE: UNRESTRICTED | $5,000 |
Art Of Youth Foundation Wilmington, DE PURPOSE: THE JUSTIN AND SUSAN KELLY ANNUAL SCHOLARSHIP FUND | $5,000 |
Houston Family Foundation Armonk, NY PURPOSE: COLL. ENGINEERING; BASEBALL | $5,000 |
Endowment Analysis
| Beg. Balance | $844,765,606 |
| Earnings | $283,099,051 |
| Admin Expense | $2,021,394 |
| Net Contributions | $27,381,046 |
| Other Expense | $32,042,558 |
| Grants | $15,566,244 |
| Ending Balance | $1,105,615,507 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fordham University Bronx, NY | $2,430,141,698 | $953,892,663 |
Rochester Institute Of Technology Rochester, NY | $2,526,196,996 | $1,071,324,345 |
St Johns University New York Jamaica, NY | $1,703,677,283 | $798,473,536 |
University Of Dayton Dayton, OH | $1,782,604,426 | $747,930,230 |
Villanova University Villanova, PA | $2,287,455,797 | $872,271,471 |
Rensselaer Polytechnic Institute Troy, NY | $1,598,843,813 | $653,047,178 |
Rockefeller University New York, NY | $4,263,008,941 | $535,346,959 |
Lehigh University Bethlehem, PA | $3,057,301,515 | $713,288,867 |
The New School New York, NY | $1,263,076,833 | $558,997,855 |
Hofstra University Hempstead, NY | $1,538,245,078 | $606,887,297 |
American University Of Beirut New York, NY | $1,902,791,001 | $608,300,843 |
Seton Hall University South Orange, NJ | $890,349,000 | $473,034,000 |