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Nonprofiteer
← KEYSTONE COLLEGE

Form 990 for tax year 2022

Filed by KEYSTONE COLLEGE.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2022 , filed 15 April 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$21,691,443 changed to $23,875,115
Total expenses
$27,005,362 changed to $29,589,984
Contributions and grants received
$4,399,918 changed to $2,882,553
Grants paid
$2,398,008 changed to $4,018,564
Program service revenue
$12,075,052 changed to $20,461,193
Investment income
$1,781 changed to $44,082
Other revenue
$5,214,692 changed to $487,287
Total assets, end of year
$34,403,196 changed to $35,227,437
Total liabilities, end of year
$25,685,809 changed to $26,128,259
Net assets or fund balances, end of year
$8,717,387 changed to $9,099,178
Program services expenses
$27,005,362 changed to $22,134,850
Management and general expenses
$0 changed to $7,069,300
Fundraising expenses
$0 changed to $385,834
Program service expenses (Part III)
$27,005,362 changed to $22,134,850

Listed only on the earlier return

  • A Nivert
  • B Johnson
  • James B Davis
  • Jennifer J Walsh
  • John Pullo
  • Johnathan Vipond III
  • Karen K Yarrish

Listed only on the later return

  • Ahmed Alwani
  • Brenda Johnson
  • Chap Peterson
  • Chris Paris
  • Diane Paparo
  • John Mansuy
  • John Pullo Started 812022
  • Matthew Dougherty
  • Patrick Walsh
  • Roy Hinton
  • Tim White
  • Tracy Brundage Terminated 7292022
  • Wyane Evans

Listed under a different title

  • Dan Haggerty: TRUSTEE then CHAIRPERSON
  • James Clark: CHAIR then TRUSTEE
  • Jason Washo: TRUSTEE then SECRETARY
  • John S Morrison: SECRETARY then TRUSTEE
  • Kirby Hickey: FIRST VICE-C then CHAIR ELECT
  • Michael Narcavage III: TRUSTEE then FIRST VICE C

Totals

Total revenue
$21,691,443
Total expenses
$27,005,362
Contributions and grants received
$4,399,918
Grants paid
$2,398,008
Program service revenue
$12,075,052
Investment income
$1,781
Other revenue
$5,214,692
Total assets, end of year
$34,403,196
Total liabilities, end of year
$25,685,809
Net assets or fund balances, end of year
$8,717,387
Program services expenses (Part IX)
$27,005,362
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$27,005,362

Program services were 100.0% 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.

  • 1e · Government grants (contributions)

    $3,569,591

  • 1f · All other contributions, gifts and grants

    $830,327

  • 2a · Program service revenue: TUITION AND FEES

    total $12,075,052 · related or exempt $12,075,052

  • 3 · Investment income

    total $1,781 · related or exempt $1,781

  • 8a · Fundraising events: gross income

    $50,596

  • 8b · Fundraising events: direct expenses

    $31,012

  • 8c · Net income from fundraising events

    total $19,584

  • 11a · Other revenue: AUXILLARY ENTERPRISES

    total $4,399,662 · related or exempt $4,399,662

  • 11b · Other revenue: OTHER SOURCES

    total $896,248 · related or exempt $896,248

  • 11c · Other revenue: CHNG IN VAL OF BENEFICIAL INT

    total -$100,802 · related or exempt -$100,802

  • 11e · Other revenue, total

    $5,195,108

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $2,398,008 · program services $2,398,008

  • 7 · Other salaries and wages

    total $9,149,831 · program services $9,149,831

  • 9 · Other employee benefits

    total $2,249,831 · program services $2,249,831

  • 10 · Payroll taxes

    total $675,803 · program services $675,803

  • 11b · Fees: legal

    total $22,450 · program services $22,450

  • 11c · Fees: accounting

    total $66,750 · program services $66,750

  • 11g · Fees: other

    total $2,409,121 · program services $2,409,121

  • 12 · Advertising and promotion

    total $148,910 · program services $148,910

  • 13 · Office expenses

    total $35,941 · program services $35,941

  • 14 · Information technology

    total $72,404 · program services $72,404

  • 16 · Occupancy

    total $932,877 · program services $932,877

  • 17 · Travel

    total $342,087 · program services $342,087

  • 19 · Conferences, conventions and meetings

    total $31,866 · program services $31,866

  • 20 · Interest

    total $595,736 · program services $595,736

  • 22 · Depreciation, depletion and amortization

    total $2,170,295 · program services $2,170,295

  • 23 · Insurance

    total $495,908 · program services $495,908

  • 24a · Other expenses: FOOD SERVICE

    total $1,941,499 · program services $1,941,499

  • 24b · Other expenses: OTHER

    total $967,468 · program services $967,468

  • 24c · Other expenses: PROGRAM MATERIALS

    total $848,455 · program services $848,455

  • 24d · Other expenses: REPAIRS & MAINTENANCE

    total $652,021 · program services $652,021

  • 24e · All other expenses

    total $798,101 · program services $798,101

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,896,823 · end of year $80,027

  • 2 · Savings and temporary cash investments

    beginning of year $538,783 · end of year $538,783

  • 3 · Pledges and grants receivable

    beginning of year $96,397 · end of year $7,823

  • 4 · Accounts receivable

    beginning of year $848,649 · end of year $1,219,917

  • 7 · Other notes and loans receivable

    beginning of year $837,444 · end of year $837,491

  • 9 · Prepaid expenses and deferred charges

    beginning of year $297,652 · end of year $560,084

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

    $75,476,173

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

    $50,452,876

  • 10c · Land, buildings and equipment, net

    beginning of year $25,871,324 · end of year $25,023,297

  • 11 · Investments: publicly traded securities

    beginning of year $4,719,038 · end of year $3,599,038

  • 15 · Other assets

    beginning of year $2,637,538 · end of year $2,536,736

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,198,504 · end of year $4,621,265

  • 19 · Deferred revenue

    beginning of year $1,362,530 · end of year $1,362,530

  • 23 · Secured mortgages and notes payable

    beginning of year $15,671,366 · end of year $15,877,943

  • 25 · Other liabilities

    beginning of year $4,580,077 · end of year $3,824,071

  • 27 · Net assets without donor restrictions

    beginning of year $4,154,055 · end of year -$9,555,555

  • 28 · Net assets with donor restrictions

    beginning of year $9,777,116 · end of year $18,272,942

Mission and programs · 2022

Mission

KEYSTONE COLLEGE EDUCATES STUDENTS IN A LIBERAL ARTS TRADITION THAT VALUES CIVILITY, INTEGRITY, AND CURIOUSITY, FOSTERING A GLOBAL PERSPECTIVE ON CULTURAL DIVERSITY, ENVIRONMENTAL SUSTAINABILITY, AND LIFE-LONG LEARNING.

  • KEYSTONE COLLEGE IS A VIBRANT AND DIVERSE CAMPUS WHEREBY OUR GRADUATES ARE LIFE-LONG LEARNERS WHO ARE ACTIVELY ENGAGED, CONTRIBUTE TO THEIR COMMUNITIES, AND THRIVE IN THE WORLD. NEARLY 1,400 STUDENTS COME FROM NEARBY STATES SUCH AS NEW YORK, NEW JERSEY, AND MARYLAND, AS WELL AS NATIONALLY AND INTERNATIONALLY. KEYSTONE COLLEGE IS A FULLY ACCREDITED AND HIGHLY RESPECTED INSTITUTION OF HIGHER EDUCATION OFFERING ASSOCIATE, BACHELOR'S AND MASTER'S DEGREES.

    Expenses $27,005,362 · Grants $2,398,008

  • SEE OTHER PROGRAM DESCRIPTION.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • John Pullo

    PRESIDENT

    Total calculated
    $240,000
    From this org
    $240,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $240,000
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $240,000

  • F Stuart Renda

    VP FINANCE &

    Total calculated
    $145,308
    From this org
    $138,068
    From related orgs
    $0
    Other
    $7,240
    Hours/week
    50

  • Frances Langan

    VP INSITITUT

    Total calculated
    $123,865
    From this org
    $116,916
    From related orgs
    $0
    Other
    $6,949
    Hours/week
    40

  • T Atkins

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Sam Ceccacci

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • James Clark

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • James B Davis

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Johnathan L Davis

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Natalie Gelb

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Dan Haggerty

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Kirby Hickey

    FIRST VICE-C

    Total calculated
    $0
    Hours/week
    2

  • Johnathan Vipond III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Michael Narcavage III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • B Johnson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Gretchen Ludders

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • John S Morrison

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • A Nivert

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • R Swartley

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Jennifer J Walsh

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Jason Washo

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • R Wilbur

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • O Worozbyt

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Karen K Yarrish

    PROVOST/VP A

    Total calculated
    $0
    Hours/week
    50

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 · 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 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • PERPETUAL TRUSTS

    TRUST · TRUST · PA · 100% owned · share of assets $2,175,782

    Directly controlled by KEYSTONE KEYSTONE COLLEGE

Provenance

Return type
form_990
Tax year
2022
Filed
15 April 2024
IRS schema version
2022v5.0
Source object
202441079349301104

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