Washington And Jefferson College
- Assets
- $308.3m
- Revenue
- $89.7m
- Investments
- $66.1m
- Employees
- 918
- Location
- Washington, PA
- Founding
- 07/1935
- Data as of
- 06/2022
- EIN
- 25-0965601
Organization Overview
Washington And Jefferson College is located in Washington, PA. The organization was established in 1935. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2022, Washington And Jefferson College employed 918 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Washington And Jefferson 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 06/2022, Washington And Jefferson College generated $89.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $92.8m during the year ending 06/2022. While expenses have increased by 1.5% per year over the past 7 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE EDUCATION, THE DEVELOPMENT OF SKILLS, KNOWLEDGE, AND PERSONAL QUALITIES.
Describe the Organization's Program Activity:
WASHINGTON & JEFFERSON COLLEGE, FOUNDED IN 1781, IS KNOWN FOR ITS HIGHLY CUSTOMIZED AND INTELLECTUALLY ENGAGING STUDENT EXPERIENCE THAT DEVELOPS PROFESSIONALS OF UNCOMMON INTEGRITY TO LEAD IN AN EVER-CHANGING WORLD. THE FOUR HALLMARKS OF THIS EXPERIENCE ARE "CUSTOMIZED JOURNEYS," A UNIQUE, LIFE-CYCLE APPROACH TO SELF-DISCOVERY, ACADEMIC ADVISING AND CAREER DEVELOPMENT; "INTELLECTUAL ENGAGEMENT," INCLUDING A REQUIREMENT TO STUDY BROADLY IN TWO DIFFERENT ACADEMIC AREAS; "PROFESSIONAL READINESS," INDIVIDUALIZED DEVELOPMENTAL EXPERIENCES INCLUDING A REQUIRED PRACTICUM RELEVANT TO A DESIRED CAREER; AND "ETHICAL LEADERSHIP," A FOUR-YEAR CURRICULAR AND CO-CURRICULAR PROGRAM FOR ALL STUDENTS TO DEVELOP COMPETENCIES IN CONFLICT RESOLUTION, CIVIL DISCOURSE, PROFESSIONALISM, AND SERVICE TO OTHERS. STATISTICS - UNDERGRADUATE STUDENTS: 1,147 FULL-TIME EQUIVALENT STUDENTS AND 281 GRADUATES.
WASHINGTON & JEFFERSON COLLEGE OFFERS AUXILIARY SERVICES SUCH AS THE OPERATION OF THE CAMPUS STORE, CONFERENCES & EVENTS TO ENHANCE THE OVERALL EXPERIENCE OF ITS STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John C Knapp President | OfficerTrustee | 70 | $388,664 |
A Michael Pratt ESQ Secretary | OfficerTrustee | 2.5 | $0 |
Donna Haley Grier Treasurer | OfficerTrustee | 2.5 | $0 |
Charles F Marcy Vice Chairman | OfficerTrustee | 2.5 | $0 |
Joseph H Menendez Vice Chairman | OfficerTrustee | 2.5 | $0 |
Keith T Ghezzi MD Chairman | OfficerTrustee | 6 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mosites Construction Company Construction | 6/29/22 | $4,975,050 |
Quest Diagnostics Venture Llc Medical Services | 6/29/22 | $496,170 |
Sme Ii Llc Marketing Services | 6/29/22 | $447,846 |
Metz Culinary Management Food Services | 6/29/22 | $3,262,826 |
3 Enrollment Marketing Marketing Services | 6/29/22 | $486,100 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,033,208 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,197,340 |
| Noncash contributions included in lines 1a–1f | $244,104 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,230,548 |
| Total Program Service Revenue | $70,612,505 |
| Investment income | $1,263,853 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $213,995 |
| Net Rental Income | -$45,109 |
| Net Gain/Loss on Asset Sales | $7,311,188 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $107,308 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $89,694,288 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $38,188,667 |
| Grants and other assistance to Foreign Orgs/Individuals | $746,692 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,293,937 |
| Compensation of current officers, directors, key employees. | $658,530 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,300,002 |
| Pension plan accruals and contributions | $496,644 |
| Other employee benefits | $3,477,509 |
| Payroll taxes | $791,491 |
| Fees for services: Management | $349,468 |
| Fees for services: Legal | $146,939 |
| Fees for services: Accounting | $174,767 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $75,085 |
| Fees for services: Investment Management | $10,825 |
| Fees for services: Other | $3,909,749 |
| Advertising and promotion | $612,754 |
| Office expenses | $679,815 |
| Information technology | $955,765 |
| Royalties | $0 |
| Occupancy | $2,950,176 |
| Travel | $314,146 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,119,344 |
| Interest | $2,013,279 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,895,940 |
| Insurance | $504,660 |
| All other expenses | $3,189,585 |
| Total functional expenses | $92,791,467 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,000 |
| Savings and temporary cash investments | $13,300,485 |
| Pledges and grants receivable | $1,492,726 |
| Accounts receivable, net | $4,955,464 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $485,508 |
| Inventories for sale or use | $134,658 |
| Prepaid expenses and deferred charges | $1,521,690 |
| Net Land, buildings, and equipment | $152,668,784 |
| Investments—publicly traded securities | $67,639,007 |
| Investments—other securities | $66,051,290 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $308,254,612 |
| Accounts payable and accrued expenses | $3,199,595 |
| Grants payable | $0 |
| Deferred revenue | $771,109 |
| Tax-exempt bond liabilities | $49,761,126 |
| 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 | $0 |
| Other liabilities | $9,386,087 |
| Total liabilities | $63,117,917 |
| Net assets without donor restrictions | $115,635,705 |
| Net assets with donor restrictions | $129,500,990 |
| 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 | $308,254,612 |