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Nonprofiteer
← GROVE CITY COLLEGE

Form 990 for tax year 2023

Filed by GROVE CITY COLLEGE.

Totals

Total revenue
$178,506,655
Total expenses
$92,034,181
Contributions and grants received
$99,726,334
Grants paid
$10,745,624
Program service revenue
$73,117,122
Investment income
$4,884,252
Other revenue
$778,947
Total assets, end of year
$513,031,461
Total liabilities, end of year
$27,582,567
Net assets or fund balances, end of year
$485,448,894
Program services expenses (Part IX)
$74,295,243
Management and general expenses
$14,986,127
Fundraising expenses
$2,752,811
Program service expenses (Part III)
$74,295,243

Program services were 80.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $99,726,334

  • 1g · Noncash contributions included above

    $8,946,199

  • 2a · Program service revenue: ACADEMIC TUITION/FEES

    total $48,383,630 · related or exempt $48,383,630

  • 2b · Program service revenue: ROOM AND BOARD FEES

    total $23,539,393 · related or exempt $23,539,393

  • 2c · Program service revenue: BOOKSTORE

    total $1,194,099 · related or exempt $1,194,099

  • 3 · Investment income

    total $1,663,379 · related or exempt $1,553,340 · unrelated business $110,039

  • 7a · Gross sales of assets other than inventory

    securities $88,637,011

  • 7b · Less cost or other basis and sales expenses

    securities $85,416,138

  • 7c · Gain or loss

    securities $3,220,873

  • 7d · Net gain or loss

    total $3,220,873 · related or exempt $3,220,873

  • 11a · Other revenue: MISC INCOME

    total $690,205 · related or exempt $678,490 · unrelated business $11,715

  • 11b · Other revenue: CONFERENCES

    total $88,742 · unrelated business $88,742

  • 11e · Other revenue, total

    $778,947

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $21,666 · program services $21,666

  • 2 · Grants to domestic individuals

    total $10,633,408 · program services $10,633,408

  • 3 · Grants to foreign organizations and individuals

    total $90,550 · program services $90,550

  • 5 · Compensation of officers, directors and key employees

    total $1,488,977 · management and general $1,328,558 · fundraising $160,419

  • 7 · Other salaries and wages

    total $32,482,359 · program services $26,394,989 · management and general $4,808,007 · fundraising $1,279,363

  • 8 · Pension plan contributions

    total $2,107,908 · program services $1,613,961 · management and general $398,867 · fundraising $95,080

  • 9 · Other employee benefits

    total $3,472,959 · program services $2,659,708 · management and general $656,541 · fundraising $156,710

  • 10 · Payroll taxes

    total $2,276,051 · program services $1,741,997 · management and general $432,564 · fundraising $101,490

  • 11b · Fees: legal

    total $54,232 · management and general $54,232

  • 11c · Fees: accounting

    total $132,024 · management and general $132,024

  • 11e · Fees: professional fundraising services

    total $67,063 · fundraising $67,063

  • 11g · Fees: other

    total $1,215,295 · program services $673,680 · management and general $445,174 · fundraising $96,441

  • 12 · Advertising and promotion

    total $1,221,667 · program services $99,645 · management and general $768,762 · fundraising $353,260

  • 13 · Office expenses

    total $2,161,097 · program services $941,694 · management and general $1,081,900 · fundraising $137,503

  • 14 · Information technology

    total $2,445,770 · program services $1,725,503 · management and general $670,157 · fundraising $50,110

  • 16 · Occupancy

    total $5,806,131 · program services $5,404,824 · management and general $366,027 · fundraising $35,280

  • 17 · Travel

    total $1,394,257 · program services $1,002,510 · management and general $302,751 · fundraising $88,996

  • 20 · Interest

    total $360,455 · management and general $360,455

  • 22 · Depreciation, depletion and amortization

    total $10,802,064 · program services $9,358,476 · management and general $1,385,255 · fundraising $58,333

  • 23 · Insurance

    total $44,635 · program services $44,635

  • 24a · Other expenses: CONTRACT BOARD FEES

    total $7,047,166 · program services $7,047,166

  • 24b · Other expenses: OTHER EXPENSES

    total $3,094,584 · program services $1,756,908 · management and general $1,312,482 · fundraising $25,194

  • 24c · Other expenses: EQUIPMENT, MAINTENANCE,

    total $2,768,442 · program services $2,238,502 · management and general $482,371 · fundraising $47,569

  • 24d · Other expenses: BOOKSTORE MERCHANDISE

    total $845,421 · program services $845,421

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,064,848 · end of year $12,071,314

  • 3 · Pledges and grants receivable

    beginning of year $43,088,755 · end of year $110,847,100

  • 4 · Accounts receivable

    beginning of year $158,946 · end of year $163,785

  • 8 · Inventories for sale or use

    beginning of year $348,716 · end of year $332,172

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,058,753 · end of year $2,517,866

  • 10a · Land, buildings and equipment: cost or other basis

    $361,006,569

  • 10b · Land, buildings and equipment: accumulated depreciation

    $194,549,223

  • 10c · Land, buildings and equipment, net

    beginning of year $152,527,409 · end of year $166,457,346

  • 11 · Investments: publicly traded securities

    beginning of year $106,491,105 · end of year $114,218,359

  • 12 · Investments: other securities

    beginning of year $88,433,813 · end of year $99,799,108

  • 15 · Other assets

    beginning of year $6,822,937 · end of year $6,624,411

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,574,384 · end of year $7,511,569

  • 19 · Deferred revenue

    beginning of year $2,531,351 · end of year $2,360,404

  • 23 · Secured mortgages and notes payable

    beginning of year $2,069,267 · end of year $1,034,633

  • 25 · Other liabilities

    beginning of year $14,402,918 · end of year $16,675,961

  • 27 · Net assets without donor restrictions

    beginning of year $151,635,044 · end of year $163,478,684

  • 28 · Net assets with donor restrictions

    beginning of year $230,782,318 · end of year $321,970,210

Mission and programs · 2023

Mission

A SCHOOL OF HIGHER EDUCATION.

  • ACADEMIC INSTRUCTION

    Expenses $47,038,238 · Grants $10,723,958 · Revenue $48,383,630

  • ACADEMIC SUPPORT - INCLUDES EXPENSES FOR LIBRARY, ATHLETICS, AND STUDENT HEALTH CENTER

    Expenses $8,144,591 · Grants $21,666 · Revenue $5,452,704

  • AUXILIARY ENTERPRISES - INCLUDES EXPENSES FOR DINING HALLS, DORMITORIES, BOOKSTORE, AND FOUNTAIN ROOM

    Expenses $19,112,414 · Revenue $24,733,491

As filed on the 2023 return.

Listed in Part VII

  • Alice Morre Batchelder Esq

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Edward D Breen

    TRUSTEE, CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5

  • Elizabeth Bulette EdD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • David Cashdollar

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Alejandro Chafuen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Joseph Gummel

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Deborah Holt

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Elizabeth Hopeman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Craig W Jones

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Robb Jones Esq

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Wendy Mascio

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Jody Lynne Mathie MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Anne M McClelland

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Glen Meakem

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • William A Mehaffey

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Douglas Muetzel

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Dawn M Owens

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Raleigh Peters

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • David Porter Esq

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • John A Schwab Esq

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Richard Sems

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Milton W Shlapak

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Kiron Skinner

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • William Stewart

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Allison Baird Sveda

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Donald C Templin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Jana Volante Walshak

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • David Dean Weaver

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Douglas K Wicker

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Carol M Yannuzzi

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Paul J McNulty JD

    PRESIDENT

    Total calculated
    $435,228
    From this org
    $362,590
    From related orgs
    $0
    Other
    $72,638
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $330,168
    Bonus
    $32,422
    Other
    $0
    Deferred
    $26,337
    Nontaxable benefits
    $46,301
    Filer's total
    $435,228

  • Lee Wishing

    VICE PRESIDENT FOR STUDENT RECRUITMENT

    Total calculated
    $151,738
    From this org
    $132,568
    From related orgs
    $0
    Other
    $19,170
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,568
    Bonus
    $0
    Other
    $0
    Deferred
    $6,851
    Nontaxable benefits
    $12,319
    Filer's total
    $151,738

  • Michael Buckman

    VICE PRESIDENT FOR BUSINESS AND FINANCE

    Total calculated
    $218,021
    From this org
    $193,141
    From related orgs
    $0
    Other
    $24,880
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,365
    Bonus
    $23,776
    Other
    $0
    Deferred
    $13,850
    Nontaxable benefits
    $11,030
    Filer's total
    $218,021

  • Susan C Grimm

    VICE PRESIDENT FOR OPERATIONS

    Total calculated
    $144,155
    From this org
    $123,046
    From related orgs
    $0
    Other
    $21,109
    Hours/week
    40

  • Vince Distasi PhD

    VICE PRESIDENT FOR INFORMATION TECHNOLOGY, CHIEF I

    Total calculated
    $157,123
    From this org
    $134,353
    From related orgs
    $0
    Other
    $22,770
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,353
    Bonus
    $0
    Other
    $0
    Deferred
    $10,382
    Nontaxable benefits
    $12,388
    Filer's total
    $157,123

  • Larry Hardesty

    VICE PRESIDENT FOR STUDENT LIFE AND LEARNING

    Total calculated
    $150,649
    From this org
    $127,552
    From related orgs
    $0
    Other
    $23,097
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $127,552
    Bonus
    $0
    Other
    $0
    Deferred
    $10,722
    Nontaxable benefits
    $12,375
    Filer's total
    $150,649

  • John Inman PhD

    VICE PRESIDENT FOR INSTITUTIONAL SUPPORT AND INITI

    Total calculated
    $141,880
    From this org
    $127,328
    From related orgs
    $0
    Other
    $14,552
    Hours/week
    40

  • Peter Frank PhD

    PROVOST AND VICE PRESIDENT OF ACADEMIC AFFAIRS

    Total calculated
    $229,499
    From this org
    $184,179
    From related orgs
    $0
    Other
    $45,320
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $184,179
    Bonus
    $0
    Other
    $0
    Deferred
    $13,837
    Nontaxable benefits
    $31,483
    Filer's total
    $229,499

  • Jeff Prokovich

    VICE PRESIDENT FOR INSTITUTIONAL ADVANCEMENT

    Total calculated
    $173,453
    From this org
    $160,419
    From related orgs
    $0
    Other
    $13,034
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,419
    Bonus
    $0
    Other
    $0
    Deferred
    $12,723
    Nontaxable benefits
    $311
    Filer's total
    $173,453

  • Richard Savage

    DEAN, HOPEMAN SCHOOL FOR SCIENCE, ENGINEERING, AND

    Total calculated
    $194,414
    From this org
    $183,731
    From related orgs
    $0
    Other
    $10,683
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $183,731
    Bonus
    $0
    Other
    $0
    Deferred
    $9,597
    Nontaxable benefits
    $1,086
    Filer's total
    $194,414

  • Christy Crute

    ASSOCIATE DEAN OF GRADUATE AND ONLINE PROGRAMS

    Total calculated
    $171,923
    From this org
    $156,982
    From related orgs
    $0
    Other
    $14,941
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,982
    Bonus
    $0
    Other
    $0
    Deferred
    $10,664
    Nontaxable benefits
    $4,277
    Filer's total
    $171,923

  • Michelle McFeaters

    DEAN, SCHOOL OF BUSINESS

    Total calculated
    $161,637
    From this org
    $141,058
    From related orgs
    $0
    Other
    $20,579
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,058
    Bonus
    $0
    Other
    $0
    Deferred
    $9,650
    Nontaxable benefits
    $10,929
    Filer's total
    $161,637

  • Paul Kengor

    PROFESSOR OF POLITICAL SCIENCE

    Total calculated
    $180,725
    From this org
    $130,659
    From related orgs
    $0
    Other
    $50,066
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $130,659
    Bonus
    $0
    Other
    $0
    Deferred
    $10,778
    Nontaxable benefits
    $39,288
    Filer's total
    $180,725

  • Yvonne English

    DIRECTOR OF ENTREPRENEURSHIP & INNOVATION

    Total calculated
    $147,443
    From this org
    $132,443
    From related orgs
    $0
    Other
    $15,000
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · First-class or charter travel
  • 1a · Travel for companions
  • 1a · Housing allowance or residence for personal use
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 6a · Pay contingent on this organization's net earnings

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 6
THE PRESIDENTS' BONUS IS DETERMINED EACH YEAR BY CRITERIA SET FORTH BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES INCLUDING SUBJECTS SUCH AS: FUNDRAISING, FINANCIAL PERFORMANCE RELATED TO THE COLLEGE'S OPERATING BUDGET, STRATEGIC PLANNING OUTCOMES, AND ENROLLMENT TARGETS. THIS GENERAL BONUS AWARD IS A PERCENTAGE OF THE BASE COMPENSATION UP TO A MAXIMUM OF 10%. THE VICE PRESIDENT FOR BUSINESS AND FINANCE MAY RECEIVE A BONUS EACH YEAR WITH CRITERIA SET FORTH BY THE PRESIDENT INCLUDING SUBJECTS SUCH AS: STRATEGIC PLANNING OUTCOMES, RESOURCE MANAGEMENT, PROCESS IMPROVEMENT EFFICIENCIES, INCREASED REVENUE, WORKING CAPITAL MANAGEMENT, AND BUDGET MANAGEMENT. THIS GENERAL BONUS AWARD IS A PERCENTAGE OF THE BASE COMPENSATION UP TO A MAXIMUM OF 15%.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • BOROUGH OF GROVE CITY

    $16,666

    CONTRIBUTION

Provenance

Return type
form_990
Tax year
2023
Filed
1 November 2024
IRS schema version
2023v5.1
Source object
202443139349304269

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