Mercyhurst University
- Assets
- $174.9m
- Revenue
- $158.7m
- Investments
- $0.0
- Employees
- 1,687
- Location
- Erie, PA
- Founding
- 01/1960
- Data as of
- 05/2021
- EIN
- 25-0965430
Organization Overview
Mercyhurst University is located in Erie, PA. The organization was established in 1960. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 05/2022, Mercyhurst University employed 1,687 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mercyhurst 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 05/2021, Mercyhurst University generated $158.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $151.9m during the year ending 05/2021. While expenses have increased by 1.2% 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, Mercyhurst University has awarded 12 individual grants totaling $423,498. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
MERCYHURST UNIVERSITY IS A FULLY ACCREDITED, FOUR-YEAR, CATHOLIC COMPREHENSIVE INSTITUTION FOUNDED BY THE SISTERS OF MERCY IN 1926. THE ERIE (PA.) CAMPUS OFFERS SIXTY-SIX (66) UNDERGRADUATE MAJORS WITH SIXTY-FOUR (64) MINORS, AS WELL AS UNIQUE ADULT PROGRAMS AND TWELVE (12) GRADUATE PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AT THE FALL CENSUS DATE DURING THE 2021-22 ACADEMIC YEAR THERE WERE 3059 STUDENTS ENROLLED IN UNDERGRADUATE, GRADUATE, AND ASSOCIATE DEGREE PROGRAMS AT THE MAIN CAMPUS IN ERIE (2645) AND AT NORTH EAST AND OTHER SATELLITES (414). THE STUDENT POPULATION WAS COMPRISED OF 2418 FULL-TIME AND 241 PART-TIME UNDERGRADUATE STUDENTS ALONG WITH 274 FULL-TIME AND 126 PART-TIME GRADUATE STUDENTS. THERE WERE 151 FULL-TIME AND 95 PART-TIME FACULTY. DURING THE ACADEMIC YEAR, 943 TOTAL DEGREES WERE CONFERRED IN THE FOLLOWING CATEGORIES: BACCALAUREATE 553, ASSOCIATE 110, MASTERS 224, UG CERTIFICATES 40 AND GRAD CERTIFICATES 16. THE UNIVERSITY OFFERED 13 GRADUATE PROGRAMS, 65 UNDERGRADUATE MAJORS WITH 70 MINORS, AND 9 ASSOCIATE DEGREE PROGRAMS.
AUXILIARY SERVICES INCLUDES STUDENT HOUSING, FOODSERVICE, THE UNIVERSITY BOOKSTORE AND THE UNIVERSITY'S CONFERENCE CENTER ON THE MAIN CAMPUS, AND THE UNIVERSITY BOOKSTORE ON THE NORTH EAST CAMPUS. THE TOTAL STUDENT POPULATION IN UNIVERSITY HOUSING ON THE MAIN CAMPUS WAS 1,806 FOR THE 2021-22 FISCAL YEAR. 1,468 STUDENTS AT THE MAIN CAMPUS HAD PAID MEAL PLANS WHILE MANY OTHER STUDENTS AND EMPLOYEES DINE IN UNIVERSITY FACILITIES ON A PAY-AS-YOU-GO BASIS. THE UNIVERSITY MAINTAINS A BOOKSTORE ON THE MAIN CAMPUS AS WELL AS THE NORTH EAST CAMPUS. THE UNIVERSITY HAS A CONFERENCE CENTER FACILITY AT THE MAIN CAMPUS AND REGULARLY HOSTS OUTSIDE GROUPS AND ORGANIZATIONS.
ALL OTHER PROGRAM RELATED ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mcgill Duncan E Dean Of Ridge College | 45 | $277,905 | |
Victor Michael T Former President & Board Of Trustees | 45 | $227,791 | |
Getz Kathleen A President And Board Of Trustees | Officer | 45 | $197,212 |
Hartman Gary Deputy Director Of Hidta | 45 | $181,822 | |
Roberts Leanne M Provost And VP Of Academic Affairs & Board Of Trustees | 45 | $172,615 | |
Martin John J Cvc Hidta Executive Director | 45 | $165,531 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Parkhurst Dining Services Dining Services | 5/30/22 | $7,400,580 |
Aro Mailroom And Printing | 5/30/22 | $380,172 |
Weber Murphy Fox Architecture And Construction Management | 5/30/22 | $760,714 |
Otis Elevator Company Elevator Repairs And Installation | 5/30/22 | $442,053 |
Aramark Corporation Maintenance | 5/30/22 | $4,670,749 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $19,039,872 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,289,476 |
| Noncash contributions included in lines 1a–1f | $344,075 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,329,348 |
| Total Program Service Revenue | $136,743,509 |
| Investment income | $577,364 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $600 |
| Net Rental Income | $30,008 |
| Net Gain/Loss on Asset Sales | $825,663 |
| Net Income from Fundraising Events | $145,665 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $158,652,157 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $148,960 |
| Grants and other assistance to domestic individuals. | $60,076,441 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,646,211 |
| Compensation of current officers, directors, key employees. | $1,109,129 |
| Compensation to disqualified persons | $270,176 |
| Other salaries and wages | $27,149,457 |
| Pension plan accruals and contributions | $1,021,485 |
| Other employee benefits | $7,375,395 |
| Payroll taxes | $1,861,204 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $119,846 |
| Fees for services: Accounting | $105,386 |
| Fees for services: Lobbying | $37,500 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,507 |
| Fees for services: Other | $17,947,368 |
| Advertising and promotion | $522,985 |
| Office expenses | $6,347,313 |
| Information technology | $3,366,227 |
| Royalties | $0 |
| Occupancy | $3,582,389 |
| Travel | $746,002 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $299,458 |
| Interest | $3,191,402 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,533,993 |
| Insurance | $885,596 |
| All other expenses | $811,550 |
| Total functional expenses | $151,916,613 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $14,769,483 |
| Pledges and grants receivable | $8,503,400 |
| Accounts receivable, net | $1,430,110 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,105,046 |
| Inventories for sale or use | $310,294 |
| Prepaid expenses and deferred charges | $1,053,353 |
| Net Land, buildings, and equipment | $108,563,681 |
| Investments—publicly traded securities | $39,130,587 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $174,865,954 |
| Accounts payable and accrued expenses | $13,354,544 |
| Grants payable | $0 |
| Deferred revenue | $3,543,106 |
| Tax-exempt bond liabilities | $47,461,575 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,801,755 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,368,874 |
| Total liabilities | $67,529,854 |
| Net assets without donor restrictions | $77,313,226 |
| Net assets with donor restrictions | $30,022,874 |
| 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 | $174,865,954 |
Grants Awarded
Over the last fiscal year, Mercyhurst University has awarded $181,098 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Erie, PA PURPOSE: Support the Erie Downtown Development Corporation Fund | $50,000 |
Erie, PA PURPOSE: Support the Erie Downtown Development Corporation Fund | $50,000 |
Erie, PA PURPOSE: Support the Erie Downtown Development Corporation Fund | $50,000 |
Erie, PA PURPOSE: To provide services to people victimized by domestic violence and relationship abuse. | $10,366 |
Erie, PA PURPOSE: To provide services to people victimized by domestic violence and relationship abuse. | $10,366 |
Erie, PA PURPOSE: To provide services to people victimized by domestic violence and relationship abuse. | $10,366 |
Grants Recieved
Over the last fiscal year, we have identified 31 grants that Mercyhurst University has recieved totaling $443,610.
| Awarding Organization | Amount |
|---|---|
Erie Community Foundation Erie, PA PURPOSE: VARIOUS PROJECTS | $109,781 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: EDUCATION | $95,000 |
Statler Foundation Buffalo, NY PURPOSE: SUPPORT | $50,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $39,497 |
United Way Of Erie County Erie, PA PURPOSE: POC | $35,000 |
Statler Foundation Buffalo, NY PURPOSE: SCHOLARSHIPS | $18,523 |
Endowment Analysis
| Beg. Balance | $38,484,278 |
| Earnings | -$3,790,437 |
| Net Contributions | $1,176,627 |
| Grants | $1,311,086 |
| Ending Balance | $34,559,382 |
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 |