Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $1,793,582

• 1e · Government grants (contributions)

  $15,273,870

• 1f · All other contributions, gifts and grants

  $339,224

• 2a · Program service revenue: TUITION AND FEES

  total $157,082,866 · related or exempt $157,082,866

• 2b · Program service revenue: APPLICATION FEES

  total $1,326,050 · related or exempt $1,326,050

• 3 · Investment income

  total $16,061,556 · excluded $16,061,556

• 6a · Gross rents

  real property $289,404

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $289,404

• 6d · Net rental income or loss

  total $289,404 · excluded $289,404

• 7a · Gross sales of assets other than inventory

  securities $2,255,786

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

  securities $0

• 7c · Gain or loss

  securities $2,255,786

• 7d · Net gain or loss

  total $2,255,786 · excluded $2,255,786

• 8a · Fundraising events: gross income

  $141,670

• 8a · Fundraising events: contributions included on line 1c

  $1,793,582

• 8b · Fundraising events: direct expenses

  $227,285

• 8c · Net income from fundraising events

  total -$85,615 · excluded -$85,615

• 11a · Other revenue: OTHER REVENUE

  total $7,080,496 · related or exempt $7,080,496

• 11b · Other revenue: OPTI DUES

  total $79,425 · related or exempt $79,425

• 11c · Other revenue: WELLNESS CENTER

  total $35,858 · unrelated business $35,858

• 11e · Other revenue, total

  $7,195,779

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $2,634,776 · program services $2,634,776

• 5 · Compensation of officers, directors and key employees

  total $3,303,439 · management and general $3,303,439

• 7 · Other salaries and wages

  total $37,179,028 · program services $28,925,284 · management and general $8,253,744

• 8 · Pension plan contributions

  total $2,028,186 · program services $1,577,929 · management and general $450,257

• 9 · Other employee benefits

  total $4,664,408 · program services $3,628,909 · management and general $1,035,499

• 10 · Payroll taxes

  total $2,881,853 · program services $2,242,082 · management and general $639,771

• 11b · Fees: legal

  total $293,616 · management and general $293,616

• 11c · Fees: accounting

  total $160,499 · management and general $160,499

• 11g · Fees: other

  total $8,148,953 · program services $6,339,885 · management and general $1,809,068

• 12 · Advertising and promotion

  total $6,424,245 · program services $4,998,063 · management and general $1,426,182

• 13 · Office expenses

  total $3,659,270 · program services $2,846,912 · management and general $812,358

• 14 · Information technology

  total $340,004 · program services $264,523 · management and general $75,481

• 16 · Occupancy

  total $7,596,651 · program services $5,910,194 · management and general $1,686,457

• 17 · Travel

  total $1,296,857 · program services $1,008,955 · management and general $287,902

• 19 · Conferences, conventions and meetings

  total $119,388 · program services $92,884 · management and general $26,504

• 20 · Interest

  total $818,074 · program services $636,462 · management and general $181,612

• 22 · Depreciation, depletion and amortization

  total $9,929,428 · program services $7,725,095 · management and general $2,204,333

• 23 · Insurance

  total $3,932,313 · program services $3,059,340 · management and general $872,973

• 24a · Other expenses: STUDENT ROTATION FEES

  total $9,560,222 · program services $9,560,222

• 24b · Other expenses: REPAIRS AND MAINTENANCE

  total $2,464,030 · program services $1,917,015 · management and general $547,015

• 24c · Other expenses: DUES AND SUBSCRIPTIONS

  total $2,201,802 · program services $1,713,002 · management and general $488,800

• 24d · Other expenses: CONTRIBUTIONS

  total $269,280 · management and general $269,280

• 24e · All other expenses

  total $11,327,474 · program services $8,812,775 · management and general $2,514,699

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $71,250,888 · end of year $24,403,841

• 2 · Savings and temporary cash investments

  beginning of year $70,188,163 · end of year $94,623,097

• 4 · Accounts receivable

  beginning of year $8,726,319 · end of year $16,679,226

• 8 · Inventories for sale or use

  beginning of year $464,417 · end of year $345,221

• 9 · Prepaid expenses and deferred charges

  beginning of year $5,469,511 · end of year $6,500,527

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

  $258,421,258

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

  $131,484,346

• 10c · Land, buildings and equipment, net

  beginning of year $125,043,518 · end of year $126,936,912

• 11 · Investments: publicly traded securities

  beginning of year $521,420,912 · end of year $681,727,676

• 15 · Other assets

  beginning of year $4,299,742 · end of year $10,598,512

• 17 · Accounts payable and accrued expenses

  beginning of year $10,547,159 · end of year $11,060,268

• 19 · Deferred revenue

  beginning of year $40,387,220 · end of year $43,524,946

• 23 · Secured mortgages and notes payable

  end of year $53,716,667

• 25 · Other liabilities

  beginning of year $3,398,573 · end of year $10,317,684

• 27 · Net assets without donor restrictions

  beginning of year $747,675,781 · end of year $838,868,689

• 28 · Net assets with donor restrictions

  beginning of year $4,854,737 · end of year $4,326,758

The filer's explanations (Part III)

PART I, LINE 1A

THE ORGANIZATION SUBSCRIBES TO A CHARTER TRAVEL SHARED-SERVICE PROGRAM. THIS SERVICE IS USED SOLELY FOR BUSINESS PURPOSES. THE ORGANIZATION DOES NOT PAY FOR FIRST-CLASS TRAVEL. THE ORGANIZATION HOLDS AN ANNUAL OFF-SITE MEETING FOR WHICH IT PERMITS EACH PERSON NAMED ON FORM 990, PART VII, SECTION A TO BRING ONE GUEST. THE ORGANIZATION PAYS THE TRAVEL EXPENSES FOR THE INVITED GUEST.

Related corporations and trusts

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

• MCH CORPORATION

  C · REAL ESTATE · PA

  Directly controlled by MILLCREEK HEALTH SYSTEM

• CORRY HEALTH SERVICES INC

  C · HEALTH CARE · PA

  Directly controlled by CORRY MEMORIAL HOSPITAL ASSOCIATION