Gannon University

Organization Overview

Gannon University is located in Erie, PA. The organization was established in 1987. 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, Gannon University employed 1,984 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Gannon 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 06/2020, Gannon University generated $153.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $145.2m during the year ending 06/2020. While expenses have increased by 3.6% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

GANNON UNIVERSITY IS AN INSTITUTION OF POST-SECONDARY EDUCATION WITH CAMPUSES IN ERIE, PA AND RUSKIN, FL, OFFERING OVER 100 ACADEMIC PROGRAMS, INCLUDING ONLINE AND TRADITIONAL ASSOCIATE, BACHELOR'S, MASTER'S, AND DOCTORAL DEGREES TO A FALL 2020 STUDENT ENROLLMENT OF 4,251.

Describe the Organization's Program Activity:

Part 3 - Line 4a

INSTRUCTION AND OTHER SUPPORTED PROGRAMS: GANNON UNIVERSITY IS AN INSTITUTION OF HIGHER EDUCATION PROVIDING ASSOCIATE, BACCALAUREATE, AND GRADUATE EDUCATION TO 3,708 FTE STUDENTS. THE UNIVERSITY EMPLOYS APPROXIMATELY 238 FULL-TIME AND 214 PART-TIME FACULTY MEMBERS.


AUXILIARY ENTERPRISES: GANNON UNIVERSITY PROVIDES SERVICE TO STUDENTS AND STAFF INCLUDING PRIMARY DORMITORY ACCOMMODATIONS FOR 1220 STUDENTS AND ASSOCIATED FOOD SERVICES DURING THE ACADEMIC YEAR AND SUMMER SESSIONS.


PUBLIC SERVICE: THE UNIVERSITY SUPPORTS SEVERAL PROGRAMS WHICH BENEFIT STUDENTS AS WELL AS THE GENERAL PUBLIC. THESE SERVICES INCLUDE A SMALL BUSINESS DEVELOPMENT CENTER, A CHAMBER ORCHESTRA, A LEADERSHIP DEVELOPMENT PROGRAM, AND SEVERAL PROGRAMS WHOSE GOALS INCLUDE ENVIRONMENTAL AND SOCIAL CONCERNS.


RESEARCH


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Building Systems Inc
General Contractor
$11,873,000
Metz And Associates Ltd
Food Service Provider
$2,878,319
Hamot Anesthesia Program
Education Services
$691,470
Ellucian Company Lp
Information Technology
$458,137
The University Financing Foundation
Project Management
$389,782
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$12,273,807
Investment income $2,319,129
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $39,214
Net Gain/Loss on Asset Sales $689,339
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $153,206,818

Grants Awarded

Over the last fiscal year, Gannon University has awarded $150,000 in support to 2 organizations.

Grant RecipientAmount

CITY OF ERIE

PURPOSE: FIRE AND EMERGENCY SUPPORT

$100,000

ERIE DOWNTOWN DEVELOPMENT CORPORATION

Org PageRecipient Profile

Erie, PA

PURPOSE: CHARITABLE CONTRIBUTION

$50,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 41 grants that Gannon University has recieved totaling $1,670,426.

Awarding OrganizationAmount
Goldman Sachs Philanthropy Fund

New York, NY

PURPOSE: EDUCATION

$310,000
Jem Charitable Foundation

Erie, PA

PURPOSE: SCHOLARSHIPS

$250,000
$250,000
Community Foundation Of Greater Johnstown

Johnstown, PA

PURPOSE: ADAPTIVE VIRTUAL FAU

$240,000
George I Alden Trust

Worcester, MA

PURPOSE: TO FURTHER EDUCATION

$110,000
Ayco Charitable Foundation

Cohoes, NY

PURPOSE: EDUCATION

$74,100
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$63,539,373
Earnings$21,317,237
Net Contributions$1,080,340
Other Expense$1,120,952
Grants$1,359,048
Ending Balance$83,456,950

Peer Organizations

Organization NameAssets
Fordham University
Bronx, NY
$953,892,663
Rochester Institute Of Technology
Rochester, NY
$1,071,324,345
St Johns University New York
Jamaica, NY
$798,473,536
University Of Dayton
Dayton, OH
$747,930,230
Villanova University
Villanova, PA
$872,271,471
Rensselaer Polytechnic Institute
Troy, NY
$653,047,178
Rockefeller University
New York, NY
$535,346,959
Lehigh University
Bethlehem, PA
$713,288,867
The New School
New York, NY
$558,997,855
Hofstra University
Hempstead, NY
$606,887,297
American University Of Beirut
New York, NY
$608,300,843
Seton Hall University
South Orange, NJ
$473,034,000

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