Form 990 for tax year 2022
Filed by REGENTS OF THE MERCERSBURG COLLEGE.
Totals
- Total revenue
- $46,957,459
- Total expenses
- $48,944,017
- Contributions and grants received
- $9,619,606
- Grants paid
- $7,779,563
- Program service revenue
- $29,390,825
- Investment income
- $7,813,229
- Other revenue
- $133,799
- Total assets, end of year
- $558,617,814
- Total liabilities, end of year
- $67,287,906
- Net assets or fund balances, end of year
- $491,329,908
- Program services expenses (Part IX)
- $37,542,431
- Management and general expenses
- $8,363,273
- Fundraising expenses
- $3,038,313
- Program service expenses (Part III)
- $37,542,431
Program services were 76.7% 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
$9,619,606
-
1g · Noncash contributions included above
$2,161,060
-
2a · Program service revenue: TUITION AND FEES
total $28,738,740 · related or exempt $28,738,740
-
2b · Program service revenue: SUMMER PROGRAMS
total $652,085 · related or exempt $652,085
-
3 · Investment income
total $5,487,530 · unrelated business -$102,792 · excluded $5,590,322
-
6a · Gross rents
real property $15,170
-
6b · Less rental expenses
real property $11,252
-
6c · Rental income or loss
real property $3,918
-
6d · Net rental income or loss
total $3,918 · unrelated business -$3,282 · excluded $7,200
-
7a · Gross sales of assets other than inventory
securities $127,317,139 · other assets $8,325
-
7b · Less cost or other basis and sales expenses
securities $124,939,450 · other assets $60,315
-
7c · Gain or loss
securities $2,377,689 · other assets -$51,990
-
7d · Net gain or loss
total $2,325,699 · unrelated business $14,428 · excluded $2,311,271
-
10a · Gross sales of inventory
$267,619
-
10b · Cost of goods sold
$210,074
-
10c · Net income from sales of inventory
total $57,545 · excluded $57,545
-
11a · Other revenue: OTHER INCOME
total $52,678 · excluded $52,678
-
11b · Other revenue: LAUNDROMAT
total $18,579 · excluded $18,579
-
11c · Other revenue: DINING HALL
total $1,079 · unrelated business $1,013 · excluded $66
-
11e · Other revenue, total
$72,336
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $15,000 · program services $15,000
-
2 · Grants to domestic individuals
total $7,764,563 · program services $7,764,563
-
5 · Compensation of officers, directors and key employees
total $1,202,761 · program services $1,202,761
-
7 · Other salaries and wages
total $15,500,833 · program services $10,790,910 · management and general $3,151,211 · fundraising $1,558,712
-
8 · Pension plan contributions
total $1,594,479 · program services $1,113,867 · management and general $321,557 · fundraising $159,055
-
9 · Other employee benefits
total $3,599,970 · program services $2,561,955 · management and general $694,492 · fundraising $343,523
-
10 · Payroll taxes
total $1,195,070 · program services $855,152 · management and general $227,425 · fundraising $112,493
-
11b · Fees: legal
total $79,439 · program services $49,379 · management and general $22,985 · fundraising $7,075
-
11c · Fees: accounting
total $76,819 · program services $47,750 · management and general $22,227 · fundraising $6,842
-
11f · Fees: investment management
total $1,129,803 · management and general $1,129,803
-
11g · Fees: other
total $842,924 · program services $646,811 · management and general $150,610 · fundraising $45,503
-
12 · Advertising and promotion
total $89,873 · program services $55,865 · management and general $26,004 · fundraising $8,004
-
13 · Office expenses
total $712,119 · program services $470,540 · management and general $185,757 · fundraising $55,822
-
14 · Information technology
total $461,613 · program services $286,936 · management and general $133,565 · fundraising $41,112
-
16 · Occupancy
total $2,615,029 · program services $2,418,718 · management and general $151,643 · fundraising $44,668
-
17 · Travel
total $844,767 · program services $570,979 · management and general $209,593 · fundraising $64,195
-
19 · Conferences, conventions and meetings
total $422,413 · program services $262,570 · management and general $122,222 · fundraising $37,621
-
20 · Interest
total $2,181,821 · program services $2,103,275 · management and general $74,182 · fundraising $4,364
-
22 · Depreciation, depletion and amortization
total $3,467,936 · program services $3,193,969 · management and general $215,012 · fundraising $58,955
-
23 · Insurance
total $653,410 · program services $406,156 · management and general $189,060 · fundraising $58,194
-
24a · Other expenses: FOOD SERVICE
total $2,147,066 · program services $1,334,605 · management and general $621,239 · fundraising $191,222
-
24b · Other expenses: CURRICULUM DEVELOPMENT
total $1,423,727 · program services $884,982 · management and general $411,946 · fundraising $126,799
-
24c · Other expenses: BAD DEBT EXPENSES
total $245,169 · program services $140,533 · management and general $84,500 · fundraising $20,136
-
24d · Other expenses: DUES & SUBSCRIPTIONS
total $66,099 · program services $41,087 · management and general $19,125 · fundraising $5,887
-
24e · All other expenses
total $611,314 · program services $324,068 · management and general $199,115 · fundraising $88,131
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,900 · end of year $1,900
-
2 · Savings and temporary cash investments
beginning of year $23,868,939 · end of year $24,028,103
-
3 · Pledges and grants receivable
beginning of year $35,124,343 · end of year $30,249,359
-
4 · Accounts receivable
beginning of year $15,311,431 · end of year $16,517,094
-
7 · Other notes and loans receivable
beginning of year $233,700 · end of year $157,717
-
8 · Inventories for sale or use
beginning of year $161,302 · end of year $186,898
-
9 · Prepaid expenses and deferred charges
beginning of year $471,510 · end of year $502,620
-
10a · Land, buildings and equipment: cost or other basis
$163,326,839
-
10b · Land, buildings and equipment: accumulated depreciation
$66,092,782
-
10c · Land, buildings and equipment, net
beginning of year $99,762,942 · end of year $97,234,057
-
11 · Investments: publicly traded securities
beginning of year $47,441,803 · end of year $77,175,669
-
12 · Investments: other securities
beginning of year $307,240,912 · end of year $306,349,086
-
15 · Other assets
beginning of year $5,521,962 · end of year $6,215,311
-
17 · Accounts payable and accrued expenses
beginning of year $2,034,962 · end of year $2,240,021
-
19 · Deferred revenue
beginning of year $19,021,342 · end of year $19,831,577
-
20 · Tax-exempt bond liabilities
beginning of year $49,112,658 · end of year $42,327,950
-
25 · Other liabilities
beginning of year $5,524,893 · end of year $2,888,358
-
27 · Net assets without donor restrictions
beginning of year $224,614,248 · end of year $249,075,501
-
28 · Net assets with donor restrictions
beginning of year $234,832,641 · end of year $242,254,407
Mission and programs · 2022
Mission
AT MERCERSBURG ACADEMY WE EMBRACE THE VALUES OF HARD WORK, CHARACTER, AND COMMUNITY WHILE LEARNING TO BALANCE INDEPENDENCE WITH INTERDEPENDENCE AND INDIVIDUAL HUMILITY WITH COLLECTIVE PRIDE. OUR STUDENTS COMMIT TO A LIFE OF LEARNING, SEEK TO UNDERSTAND THE SPIRITUAL NATURE OF HUMAN EXISTENCE, AND DEVELOP A DETERMINATION TO LEAD AND SERVE THE WORLD.
Activities or mission (Part I)
MERCERSBURG ACADEMY IS A STUDENT-CENTERED SCHOOL THAT ALLOWS STUDENTS TO DEFINE THEMSELVES THROUGH THE ESTABLISHMENT OF MEANINGFUL RELATIONSHIPS AND EXPOSURE TO A VAST RANGE OF ACADEMIC, EXTRA-CURRICULAR, AND CO-CURRICULAR OPPORTUNITIES. MERCERSBURG STUDENTS ACTIVELY AND CONFIDENTLY EXPERIENCE THE WORLD BOTH ON CAMPUS AND ABROAD. WE UNDERSTAND THE BENEFIT OF EXPERIENTIAL LEARNING AND PROVIDE THE IDEAL ACADEMIC SETTING FOR A BALANCED AND AUTHENTIC LEARNING ENVIRONMENT. MERCERSBURG ACADEMY BELIEVES IN THE VALUE OF HONORING OUR PAST, ENGAGING THE PRESENT, AND PREPARING FOR THE FUTURE. FOUNDED IN 1893, MERCERSBURG ACADEMY IS COMMITTED TO PROVIDING STUDENTS WITH THE OPPORTUNITY TO LIVE AND LEARN IN A RICHLY DIVERSE ACADEMIC ENVIRONMENT THAT PROVIDES A RIGOROUS AND RELEVANT CURRICULUM TO 446 BOARDING AND DAY STUDENTS FROM OVER 30 STATES, INCLUDING THE DISTRICT OF COLUMBIA, AND MORE THAN 40 NATIONS.
-
AN INDEPENDENT COLLEGE-PREPARATORY SCHOOL IN SOUTH-CENTRAL PENNSYLVANIA, THE ACADEMY OFFERS A RIGOROUS ACADEMIC PROGRAM TO APPROXIMATELY 445 BOARDING AND DAY STUDENTS IN GRADES 9 THROUGH 12. IN SMALL CLASSES, STUDENTS AND FACULTY WORK EYE TO EYE AND MIND TO MIND, AS THEY DEEPEN THEIR UNDERSTANDING OF THEIR SUBJECTSAND OF THEMSELVES. OUTSIDE THE CLASSROOM, STUDENTS IMMERSE THEMSELVES IN THEATER, SPORTS, MUSIC, COMPETITIONS, AND CAMARADERIE. THEY DEVELOP DEEP FRIENDSHIPS WITH STUDENTS FROM NEXT DOOR AND FROM ACROSS THE WORLD. THEY EXPLORE NEW CONCEPTS AND PUSH PAST THEIR LIMITS. MERCERSBURG IS A PLACE OF TRANSFORMATION. STUDENTS TRANSFORM THEMSELVESAS THEY PREPARE TO TRANSFORM THEIR WORLD.
Expenses $36,844,983 · Grants $7,779,563 · Revenue $28,781,673
-
SUMMER PROGRAMS:DURING THE SUMMER, MERCERSBURG PROVIDES FOR A WIDE RANGE OF OPPORTUNITIES FOR LEARNING, PERSONAL GROWTH, AND MOST IMPORTANTLY, FUN. EACH SUMMER, PARTICIPANTS TAKE PART IN AN ARRAY OF PROGRAMS, RANGING FROM THE ADVENTURE CAMP SERIES TO VARIOUS ENRICHMENT, ARTS, AND SPORTS CAMPS.
Expenses $697,448 · Revenue $609,152
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Quentin McDowellQUENTIN MCDOWELL
HEAD OF SCHOOL
- Total calculated
- $483,233
- From this org
- $395,428
- From related orgs
- $0
- Other
- $87,805
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $385,288
- Bonus
- $0
- Other
- $10,140
- Deferred
- $23,834
- Nontaxable benefits
- $69,936
- Filer's total
- $489,198
-
Stacie Rice Lissette EsqSTACIE RICE LISSETTE ESQ
PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
H Dean Hosgood III PhD MPHH DEAN HOSGOOD III PHD MPH
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1.5
-
Andrew D Alpert EsqANDREW D ALPERT ESQ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
Anne Marie Bliley-EsterANNE MARIE BLILEY-ESTER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
Cynthia L Davenport BorgerCYNTHIA L DAVENPORT BORGER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
Pablo CoballasiPABLO COBALLASI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
Laura FisherLAURA FISHER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
David C FlanaganDAVID C FLANAGAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
Thomas B HadzorTHOMAS B HADZOR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
John A Henry JrJOHN A HENRY JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
Michaella Hoehn-SaricMICHAELLA HOEHN-SARIC
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
Frederick KleinFREDERICK KLEIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
Betsy MitchellBETSY MITCHELL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
Karen L Pak OppenheimerKAREN L PAK OPPENHEIMER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
G Ames PrentissG AMES PRENTISS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
J Bruce RicciutiJ BRUCE RICCIUTI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
Amy Jones SatromAMY JONES SATROM
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
Lorraine SimonisLORRAINE SIMONIS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
David G WagnerDAVID G WAGNER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
Steven M WagshalSTEVEN M WAGSHAL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
Scott M WeaverSCOTT M WEAVER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
Vanessa E YoungsVANESSA E YOUNGS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
Ryan ColbyRYAN COLBY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
Ted SmithTED SMITH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
Beth SpurryBETH SPURRY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
Bill SuBILL SU
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
Maria KimseyMARIA KIMSEY
ASSOC. HEAD OF SCHOOL/FIN & OPS/TREAS
- Total calculated
- $334,337
- From this org
- $293,090
- From related orgs
- $0
- Other
- $41,247
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $257,996
- Bonus
- $0
- Other
- $35,094
- Deferred
- $28,924
- Nontaxable benefits
- $13,256
- Filer's total
- $335,270
-
Julia MaurerJULIA MAURER
ASSOC. HEAD OF SCHOOL
- Total calculated
- $274,258
- From this org
- $187,835
- From related orgs
- $0
- Other
- $86,423
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $182,728
- Bonus
- $0
- Other
- $5,107
- Deferred
- $20,790
- Nontaxable benefits
- $66,280
- Filer's total
- $274,905
-
Brian NordykeBRIAN NORDYKE
DIRECTOR OF FACILITIES
- Total calculated
- $209,612
- From this org
- $179,740
- From related orgs
- $0
- Other
- $29,872
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $178,125
- Bonus
- $0
- Other
- $1,615
- Deferred
- $18,947
- Nontaxable benefits
- $11,548
- Filer's total
- $210,235
-
Carolyn YeagerCAROLYN YEAGER
DIRECTOR OF DEVELOPMENT
- Total calculated
- $196,329
- From this org
- $176,465
- From related orgs
- $0
- Other
- $19,864
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $175,667
- Bonus
- $0
- Other
- $798
- Deferred
- $18,624
- Nontaxable benefits
- $1,827
- Filer's total
- $196,916
-
Danielle Dehaven NordykeDANIELLE DEHAVEN NORDYKE
DIRECTOR OF HUMAN RESOURCES
- Total calculated
- $171,492
- From this org
- $143,741
- From related orgs
- $0
- Other
- $27,751
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $142,487
- Bonus
- $0
- Other
- $1,254
- Deferred
- $16,072
- Nontaxable benefits
- $12,197
- Filer's total
- $172,010
-
John CheprenJOHN CHEPREN
DIRECTOR OF IT
- Total calculated
- $257,965
- From this org
- $139,556
- From related orgs
- $0
- Other
- $118,409
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $134,927
- Bonus
- $0
- Other
- $4,629
- Deferred
- $14,596
- Nontaxable benefits
- $104,323
- Filer's total
- $258,475
-
Melody BatsonMELODY BATSON
CONTROLLER
- Total calculated
- $160,581
- From this org
- $135,972
- From related orgs
- $0
- Other
- $24,609
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $135,347
- Bonus
- $0
- Other
- $625
- Deferred
- $14,594
- Nontaxable benefits
- $10,513
- Filer's total
- $161,079
-
Susan OrtonSUSAN ORTON
DIRECTOR OF MAJOR GIFTS
- Total calculated
- $150,005
- From this org
- $126,829
- From related orgs
- $0
- Other
- $23,176
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $125,567
- Bonus
- $0
- Other
- $1,262
- Deferred
- $13,549
- Nontaxable benefits
- $10,155
- Filer's total
- $150,533
-
Katherine TitusKATHERINE TITUS
FORMER HEAD OF SCHOOL
- Total calculated
- $187,500
- From this org
- $187,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $0
- Other
- $187,500
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $187,500
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 · Discretionary spending account
- 1a · Housing allowance or residence for personal use
- 1a · Personal services (maid, chauffeur, chef)
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Form 990 of other organizations
- 3 · Approval by the board or compensation committee
- 4a · Severance or change-of-control payment
Answered no
- 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
The filer's explanations (Part III)
- PART I, LINE 1A
- THE DISCRETIONARY ACCOUNT IS ONLY ASSOCIATED WITH SCHOOL BUSINESS AND IS NOT FOR PERSONAL EXPENSES. THE HEAD OF SCHOOL IS REQUIRED TO LIVE ON CAMPUS. THE HOUSE IS USED REGULARLY FOR SCHOOL FUNCTIONS INCLUDING STUDENT DINNERS, BOARD ENTERTAINMENT, ALUMNI EVENTS AND HOSTING OVERNIGHT TEACHER CANDIDATES AND SPEAKERS. QUENTIN MCDOWELL, HEAD OF SCHOOL, RECEIVED NON-TAXABLE HOUSING ALLOWANCE IN THE AMOUNT OF $5,000, INCLUDING PART-TIME HOUSEKEEPING SERVICES. EMPLOYEES LISTED BELOW RECEIVED TAXABLE HOUSING ALLOWANCES: MARIA KIMSEY - $4,200 JULIA MAURER - $4,200 JOHN CHEPREN - $4,200
- PART I, LINE 4A
- KATHERINE TITUS, FORMER HEAD OF SCHOOL, RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $187,500 AND THIS AMOUNT IS INCLUDED IN SCHEDULE J, PART II, COLUMN B(III).
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
-
MMP & W VOLUNTEER FIRE COMPANY
$10,000
GENERAL SUPPORT TO ASSIST WITH NEEDS OF THE FIRE COMPANY
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 March 2024
- IRS schema version
- 2022v5.0
- Source object
- 202430789349300113
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