Westminster College
- Assets
- $236.6m
- Revenue
- $71.6m
- Investments
- $21.8m
- Employees
- 808
- Location
- New Wilmington, PA
- Founding
- 02/1934
- Data as of
- 06/2022
- EIN
- 25-0981156
Organization Overview
Westminster College is located in New Wilmington, PA. The organization was established in 1934. 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, Westminster College employed 808 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Westminster 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, Westminster College generated $71.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $67.4m during the year ending 06/2022. While expenses have increased by 1.6% 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:
INSTRUCTIONAL - FACULTY AND RELATED EXPENDITURES FOR COURSES OF STUDY. WESTMINSTER COLLEGE OFFERS APPROXIMATELY 40 MAJORS AND SERVED 1442 UNDERGRADUATE AND GRADUATE STUDENTS DURING FISCAL YEAR 2022, LEADING TO BACHELOR OF ARTS, BACHELOR OF SCIENCE, BACHELOR OF SCIENCE IN NURSING, BACHELOR OF MUSIC, MASTERS OF EDUCATION, MASTERS IN CLINICAL MENTAL HEALTH COUNSELING, AND MASTERS IN BUSINESS ADMINISTRATION DEGREES. DURING FISCAL YEAR 2022, PRE K-4 EARLY CHILDHOOD EDUCATION/PRE K-12 SPECIAL EDUCATION REPLACED THE FORMER PRE K-8 SPECIAL EDUCATION MAJOR. ALSO, MUSIC WITH A TRACK IN MUSIC RECORDING TECHNOLOGY WAS ADDED AS A NEW MAJOR.
STUDENT SERVICES - NON-ACADEMIC SUPPORT SERVICES PROVIDED TO THE STUDENT BODY BY THE FOLLOWING DEPARTMENTS: STUDENT AFFAIRS OFFICE, OFFICE OF FAITH AND SPIRITUALITY, REGISTRAR, ADMISSIONS, FINANCIAL AID, PROFESSIONAL DEVELOPMENT CENTER, ATHLETICS, WELLNESS CENTER, DIVERSITY AND INCLUSION, THEATRE PRODUCTIONS AND RADIO AND TV PRODUCTION.
EDUCATIONAL AND AUXILIARY ENTERPRISE - PROVIDE FOOD AND HOUSING FOR RESIDENT STUDENTS, TELEPHONE SYSTEM, THE CAMPUS STORE, SUMMER CAMPS AND ACTIVITIES AND TEMPORARY FACULTY/STAFF HOUSING.
ACADEMIC SUPPORT - SUPPORT FOR INSTRUCTION AND RESEARCH BY THE FOLLOWING DEPARTMENTS: DEAN OF THE COLLEGE, LIBRARY, INFORMATION TECHNOLOGY SERVICES, FACULTY DEVELOPMENT, ART GALLERY, HONORS PROGRAM, CHEMICAL HYGIENE, CULTURAL ARTIFACTS AND ACADEMIC SUCCESS CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Kathy Brittain Richardson President | OfficerTrustee | 40 | $299,432 |
Kenneth J Romig Treasurer/vp For Finance | Officer | 40 | $170,692 |
Jamie Mcminn VP Academic Affairs | Officer | 40 | $165,590 |
Karen Schedin VP Enrollment | Officer | 40 | $153,762 |
Gina Vance Vp Of Student Affairs & Dean Of Students | 40 | $114,340 | |
Robert Badowski Professor | 40 | $111,882 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Thomas Construction Inc Construction | 6/29/22 | $3,994,566 |
Spencer-virnoche Inc Construction | 6/29/22 | $634,290 |
Sodexo Inc & Affiliates Food Services | 6/29/22 | $3,210,315 |
Upmc Jameson School Of Nursing Instructional Services | 6/29/22 | $420,869 |
Spark 451 Inc Marketing | 6/29/22 | $238,151 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,179,454 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,862,244 |
| Noncash contributions included in lines 1a–1f | $308,319 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,041,698 |
| Total Program Service Revenue | $51,138,744 |
| Investment income | $6,600,124 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $57,614 |
| Net Gain/Loss on Asset Sales | $588,599 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $135,611 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $71,562,390 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,270 |
| Grants and other assistance to domestic individuals. | $26,946,667 |
| Grants and other assistance to Foreign Orgs/Individuals | $32,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,016,344 |
| Compensation of current officers, directors, key employees. | $368,805 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,074,107 |
| Pension plan accruals and contributions | $529,288 |
| Other employee benefits | $3,082,454 |
| Payroll taxes | $1,016,404 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $58,136 |
| Fees for services: Accounting | $113,310 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $196,648 |
| Fees for services: Other | $1,527,198 |
| Advertising and promotion | $215,186 |
| Office expenses | $3,476,203 |
| Information technology | $1,059,115 |
| Royalties | $0 |
| Occupancy | $2,407,128 |
| Travel | $1,073,001 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $97,241 |
| Interest | $1,378,887 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,268,593 |
| Insurance | $533,407 |
| All other expenses | $1,700,707 |
| Total functional expenses | $67,394,613 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,464,024 |
| Savings and temporary cash investments | $1,777,188 |
| Pledges and grants receivable | $303,160 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,416,669 |
| Inventories for sale or use | $337,697 |
| Prepaid expenses and deferred charges | $1,391,247 |
| Net Land, buildings, and equipment | $97,286,408 |
| Investments—publicly traded securities | $109,613,292 |
| Investments—other securities | $21,827,655 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $188,503 |
| Total assets | $236,605,843 |
| Accounts payable and accrued expenses | $1,448,696 |
| Grants payable | $0 |
| Deferred revenue | $1,838,791 |
| Tax-exempt bond liabilities | $29,163,665 |
| 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 | $7,563,887 |
| Total liabilities | $40,015,039 |
| Net assets without donor restrictions | $68,569,114 |
| Net assets with donor restrictions | $128,021,690 |
| 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 | $236,605,843 |
Grants Awarded
Over the last fiscal year, Westminster College has awarded $32,016 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $11,016 |
NEW WILMINGTON BOROUGH PURPOSE: AMPHITHEATER | $11,000 |
NEW WILMINGTON VOLUNTEER FIREMENS ASSOCIATION PURPOSE: ANNUAL CONTRIBUTION & FIRE HOSE REPLACEMENT | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Westminster College has recieved totaling $62,418.
| Awarding Organization | Amount |
|---|---|
Martha L Mason Trust 1739 Memorial Fund Pittsburgh, PA PURPOSE: GENERAL OPERATING | $28,184 |
Eva Reid Brosius Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $21,613 |
M L Mason Memorial Fund Sch B Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $12,621 |
Endowment Analysis
| Beg. Balance | $138,636,983 |
| Earnings | -$801,435 |
| Net Contributions | $1,237,962 |
| Other Expense | $2,928,324 |
| Grants | $2,817,146 |
| Ending Balance | $133,328,040 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nazareth College Of Rochester Rochester, NY | $299,176,817 | $122,635,159 |
Goucher College Baltimore, MD | $394,278,148 | $93,748,228 |
Cooper Union For The Advancement Of Science And Art New York, NY | $1,192,737,106 | $135,635,048 |
Ohio Wesleyan University Delaware, OH | $522,945,081 | $119,149,215 |
St Francis College Brooklyn, NY | $411,618,421 | $89,705,791 |
Utica University Utica, NY | $156,931,603 | $105,142,781 |
College Of Mount Saint Vincent Riverdale, NY | $139,449,317 | $110,010,056 |
Lebanon Valley College Annville, PA | $214,348,628 | $104,612,783 |
Seton Hill University Greensburg, PA | $189,465,294 | $99,847,300 |
Wittenberg College Board Of Directors Springfield, OH | $198,135,859 | $89,178,248 |
Juniata College Huntingdon, PA | $246,892,473 | $100,031,718 |
Washington And Jefferson College Washington, PA | $317,857,588 | $82,152,318 |