Totals
- Total revenue
- $92,619,731
- Total expenses
- $97,584,566
- Contributions and grants received
- $10,865,263
- Grants paid
- $36,529,223
- Program service revenue
- $82,474,864
- Investment income
- -$1,042,276
- Other revenue
- $321,880
- Total assets, end of year
- $264,342,123
- Total liabilities, end of year
- $68,181,180
- Net assets or fund balances, end of year
- $196,160,943
- Program services expenses (Part IX)
- $88,073,866
- Management and general expenses
- $8,112,482
- Fundraising expenses
- $1,398,218
- Program service expenses (Part III)
- $88,073,866
Program services were 90.3% 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.
-
1a · Federated campaigns
$5,000
-
1c · Fundraising events
$237,910
-
1e · Government grants (contributions)
$4,551,548
-
1f · All other contributions, gifts and grants
$6,070,805
-
1g · Noncash contributions included above
$79,889
-
2a · Program service revenue: STUDENT TUITION & FEES
total $69,983,924 · related or exempt $69,983,924
-
2b · Program service revenue: AUXILIARY (ROOM/BOARD)
total $12,362,976 · related or exempt $12,362,976
-
2c · Program service revenue: INTERNAL PRINT REVENUE
total $113,955 · related or exempt $113,955
-
2d · Program service revenue: THEATRE ADMISSION
total $14,009 · related or exempt $14,009
-
3 · Investment income
total $2,200,243 · unrelated business $9,250 · excluded $2,190,993
-
6a · Gross rents
real property $149,591
-
6b · Less rental expenses
real property $102,997
-
6c · Rental income or loss
real property $46,594
-
6d · Net rental income or loss
total $46,594 · unrelated business $8,879 · excluded $37,715
-
7a · Gross sales of assets other than inventory
securities $7,271,200 · other assets $17,269
-
7b · Less cost or other basis and sales expenses
securities $10,530,988 · other assets $0
-
7c · Gain or loss
securities -$3,259,788 · other assets $17,269
-
7d · Net gain or loss
total -$3,242,519 · excluded -$3,242,519
-
8a · Fundraising events: gross income
$32,095
-
8a · Fundraising events: contributions included on line 1c
$237,910
-
8b · Fundraising events: direct expenses
$79,299
-
8c · Net income from fundraising events
total -$47,204 · excluded -$47,204
-
11a · Other revenue: BILLBOARD ADVERTISING INCOME
total $57,550 · unrelated business $57,550
-
11b · Other revenue: PRINTING INCOME
total $39,103 · unrelated business $39,103
-
11c · Other revenue: AFFINITY INCOME
total $23,868 · unrelated business $23,868
-
11d · All other revenue
total $201,969 · related or exempt $230 · excluded $201,739
-
11e · Other revenue, total
$322,490
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $36,529,223 · program services $36,529,223
-
5 · Compensation of officers, directors and key employees
total $1,172,345 · management and general $934,765 · fundraising $237,580
-
7 · Other salaries and wages
total $25,949,968 · program services $22,783,913 · management and general $2,580,293 · fundraising $585,762
-
8 · Pension plan contributions
total $877,210 · program services $736,894 · management and general $113,687 · fundraising $26,629
-
9 · Other employee benefits
total $5,110,310 · program services $3,951,047 · management and general $1,007,904 · fundraising $151,359
-
10 · Payroll taxes
total $1,807,865 · program services $1,619,954 · management and general $132,521 · fundraising $55,390
-
11b · Fees: legal
total $116,255 · management and general $116,255
-
11c · Fees: accounting
total $117,650 · management and general $117,650
-
11d · Fees: lobbying
total $60,204 · program services $60,204
-
11g · Fees: other
total $3,126,102 · program services $2,670,538 · management and general $451,092 · fundraising $4,472
-
12 · Advertising and promotion
total $832,669 · program services $807,963 · management and general $6,446 · fundraising $18,260
-
13 · Office expenses
total $2,227,121 · program services $1,646,718 · management and general $537,847 · fundraising $42,556
-
14 · Information technology
total $1,377,323 · program services $996,933 · management and general $373,584 · fundraising $6,806
-
16 · Occupancy
total $2,885,826 · program services $2,572,306 · management and general $280,262 · fundraising $33,258
-
17 · Travel
total $721,672 · program services $695,189 · management and general $9,087 · fundraising $17,396
-
19 · Conferences, conventions and meetings
total $102,077 · program services $66,964 · management and general $12,007 · fundraising $23,106
-
20 · Interest
total $2,177,831 · program services $2,094,232 · management and general $83,599
-
22 · Depreciation, depletion and amortization
total $4,827,902 · program services $4,561,499 · management and general $245,091 · fundraising $21,312
-
23 · Insurance
total $650,066 · program services $137,786 · management and general $512,280
-
24a · Other expenses: FOOD
total $5,333,547 · program services $5,078,668 · management and general $98,122 · fundraising $156,757
-
24b · Other expenses: ATHLETIC TEAMS EXPENSES
total $808,095 · program services $808,095
-
24c · Other expenses: BAD DEBT EXPENSE
total $356,660 · management and general $356,660
-
24d · Other expenses: DUE AND SUBSCRIPTIONS
total $237,188 · program services $79,803 · management and general $139,810 · fundraising $17,575
-
24e · All other expenses
total $179,457 · program services $175,937 · management and general $3,520
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,813,267 · end of year $3,148,059
-
2 · Savings and temporary cash investments
beginning of year $12,552,921 · end of year $2,801,169
-
3 · Pledges and grants receivable
beginning of year $1,649,483 · end of year $2,233,062
-
4 · Accounts receivable
beginning of year $2,714,879 · end of year $3,232,151
-
7 · Other notes and loans receivable
beginning of year $896,905 · end of year $740,914
-
9 · Prepaid expenses and deferred charges
beginning of year $607,246 · end of year $655,564
-
10a · Land, buildings and equipment: cost or other basis
$211,578,584
-
10b · Land, buildings and equipment: accumulated depreciation
$103,326,746
-
10c · Land, buildings and equipment, net
beginning of year $103,005,255 · end of year $108,251,838
-
11 · Investments: publicly traded securities
beginning of year $12,013,008 · end of year $15,739,918
-
12 · Investments: other securities
beginning of year $108,178,124 · end of year $110,842,804
-
15 · Other assets
beginning of year $16,558,524 · end of year $16,696,644
-
17 · Accounts payable and accrued expenses
beginning of year $7,504,984 · end of year $7,563,793
-
19 · Deferred revenue
beginning of year $2,474,347 · end of year $2,214,309
-
20 · Tax-exempt bond liabilities
beginning of year $57,470,027 · end of year $56,082,525
-
25 · Other liabilities
beginning of year $2,875,444 · end of year $2,320,553
-
27 · Net assets without donor restrictions
beginning of year $95,331,507 · end of year $99,271,295
-
28 · Net assets with donor restrictions
beginning of year $94,333,303 · end of year $96,889,648
Mission and programs · 2023
Mission
KING'S COLLEGE, A CATHOLIC COLLEGE IN THE HOLY CROSS TRADITION, PROVIDES STUDENTS WITH A BROAD-BASED LIBERAL ARTS EDUCATION WHICH OFFERS THE INTELLECTUAL, MORAL, AND SPIRITUAL PREPARATION THAT ENABLES THEM TO LEAD MEANINGFUL AND SATISFYING LIVES.
Activities or mission (Part I)
PROVIDES STUDENTS WITH A LIBERAL ARTS EDUCATION ENABLING THEM TO LEAD MEANINGFUL & SATISFYING LIVES.
-
KING'S COLLEGE IS A NOT-FOR-PROFIT EDUCATIONAL INSTITUTION WHICH PROVIDES UNDERGRADUATE, GRADUATE, AND PROFESSIONAL EDUCATION TO ITS STUDENTS. THE COLLEGE WAS FOUNDED IN 1946 AND WELCOMES STUDENTS INTO ITS COMMUNITY WITHOUT REGARD TO GENDER, RACE, RELIGION, DISABILITY, OR NATIONAL ORIGIN AND SEEKS TO ASSIST TALENTED STUDENTS OF MODEST FINANCIAL MEANS.THE COLLEGE HAS APPROXIMATELY 1,940 STUDENTS, OF WHICH 1,600 ARE FULL-TIME UNDERGRADUATES. APPROXIMATELY 92% OF THE COLLEGE'S PRESENT FULL-TIME UNDERGRADUATE STUDENT BODY IS COMPRISED OF RESIDENTS FROM PENNSYLVANIA, NEW YORK, AND NEW JERSEY.CONTINUED ON SCHEDULE O.DURING THE YEAR ENDED JUNE 30, 2024, THE COLLEGE PROVIDED STUDENT FINANCIAL AID FROM INTERNAL RESOURCES OF $36,004,000.
Expenses $88,073,866 · Grants $36,529,223 · Revenue $82,475,094
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Thomas R SmithTHOMAS R SMITH
CHAIR
- Total calculated
- $0
- Hours/week
- 3
-
Kathleen McCarthy LambertKATHLEEN MCCARTHY LAMBERT
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 3
-
Patricia E SinexPATRICIA E SINEX
SECRETARY
- Total calculated
- $0
- Hours/week
- 3
-
Richard A Alley MDRICHARD A ALLEY MD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael W BukoskyMICHAEL W BUKOSKY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Cassandra I ColemanCASSANDRA I COLEMAN
DIRECTOR (AS OF 10/23)
- Total calculated
- $0
- Hours/week
- 1
-
Rev John F Denning Csc PhDREV JOHN F DENNING CSC PHD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brendan P DougherBRENDAN P DOUGHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John DowdJOHN DOWD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jimmy D EdwardsJIMMY D EDWARDS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jane B FeinsteinJANE B FEINSTEIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rev James Foster Csc MDREV JAMES FOSTER CSC MD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Heidi GerdingHEIDI GERDING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rev Daniel Groody Csc PhDREV DANIEL GROODY CSC PHD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Maureen A Hanlon EsqMAUREEN A HANLON ESQ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Scott HenrySCOTT HENRY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Francis J Hoegen EsqFRANCIS J HOEGEN ESQ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jonathan Hosey MDJONATHAN HOSEY MD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Edward F KearneyEDWARD F KEARNEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Joseph E Kluger EsqJOSEPH E KLUGER ESQ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ann M Kolanowski PhDANN M KOLANOWSKI PHD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rev William Lies Csc PhDREV WILLIAM LIES CSC PHD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Paul J Manganiello JrPAUL J MANGANIELLO JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Frank J MatteiFRANK J MATTEI
DIRECTOR (AS OF 10/23)
- Total calculated
- $0
- Hours/week
- 1
-
Gary MazurGARY MAZUR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael D MolewskiMICHAEL D MOLEWSKI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Timothy J MorrisTIMOTHY J MORRIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John C MutarelliJOHN C MUTARELLI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John G NackleyJOHN G NACKLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John D ObrienJOHN D OBRIEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rev Gerard Olinger Csc JDREV GERARD OLINGER CSC JD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rev Daniel Parrish CscREV DANIEL PARRISH CSC
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rev Mark Poorman Csc PhDREV MARK POORMAN CSC PHD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David A SchankweilerDAVID A SCHANKWEILER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
James V SchneiderJAMES V SCHNEIDER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bro Donald Stabrowski Csc PhDBRO DONALD STABROWSKI CSC PHD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rev Anthony V Szakaly CscREV ANTHONY V SZAKALY CSC
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Susan E UnvarskySUSAN E UNVARSKY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rev Oliver Williams Csc PhDREV OLIVER WILLIAMS CSC PHD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David J Selingo EsqDAVID J SELINGO ESQ
DIRECTOR (UNTIL 10/23)
- Total calculated
- $0
- Hours/week
- 1
-
Eberhard FaberEBERHARD FABER
DIRECTOR (UNTIL 10/23)
- Total calculated
- $0
- Hours/week
- 1
-
Rev Thomas P Looney CscREV THOMAS P LOONEY CSC
PRESIDENT
- Total calculated
- $15,833
- From this org
- $0
- From related orgs
- $0
- Other
- $15,833
- Hours/week
- 40
-
Janet KobylskiJANET KOBYLSKI
VP BUSINESS AFFAIRS/CFO/TREASURER
- Total calculated
- $200,255
- From this org
- $177,832
- From related orgs
- $0
- Other
- $22,423
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $177,832
- Bonus
- $0
- Other
- $0
- Deferred
- $4,077
- Nontaxable benefits
- $18,346
- Filer's total
- $200,255
-
Chris DearthCHRIS DEARTH
VP ENROLLMENT MGMT AND MARKETING
- Total calculated
- $222,976
- From this org
- $199,884
- From related orgs
- $0
- Other
- $23,092
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $168,865
- Bonus
- $0
- Other
- $31,019
- Deferred
- $3,775
- Nontaxable benefits
- $19,317
- Filer's total
- $222,976
-
Frederick A Pettit EsqFREDERICK A PETTIT ESQ
VP INSTUTIONAL ADV. (UNTIL 10/23)
- Total calculated
- $201,462
- From this org
- $197,556
- From related orgs
- $0
- Other
- $3,906
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $173,970
- Bonus
- $0
- Other
- $23,586
- Deferred
- $2,463
- Nontaxable benefits
- $1,443
- Filer's total
- $201,462
-
Joseph M EvanJOSEPH M EVAN
PROVOST/VP ACADEMIC AFFAIRS
- Total calculated
- $222,612
- From this org
- $181,901
- From related orgs
- $0
- Other
- $40,711
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $181,901
- Bonus
- $0
- Other
- $0
- Deferred
- $4,303
- Nontaxable benefits
- $36,408
- Filer's total
- $222,612
-
Anitra McSheaANITRA MCSHEA
VP STUDENT AFFAIRS
- Total calculated
- $191,420
- From this org
- $152,032
- From related orgs
- $0
- Other
- $39,388
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $152,032
- Bonus
- $0
- Other
- $0
- Deferred
- $2,928
- Nontaxable benefits
- $36,460
- Filer's total
- $191,420
-
Tara ShawverTARA SHAWVER
PROFESSOR OF ACCOUNTING
- Total calculated
- $145,120
- From this org
- $142,320
- From related orgs
- $0
- Other
- $2,800
- Hours/week
- 40
-
Barry H Williams EsqBARRY H WILLIAMS ESQ
DEAN, BUSINESS SCHOOL
- Total calculated
- $143,441
- From this org
- $139,200
- From related orgs
- $0
- Other
- $4,241
- Hours/week
- 40
-
Paul J MoranPAUL J MORAN
AVP IITS/CIO
- Total calculated
- $162,809
- From this org
- $136,060
- From related orgs
- $0
- Other
- $26,749
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $125,260
- Bonus
- $0
- Other
- $10,800
- Deferred
- $2,802
- Nontaxable benefits
- $23,947
- Filer's total
- $162,809
-
Jill YurkoJILL YURKO
PROFESSOR OF EDUCATION
- Total calculated
- $140,463
- From this org
- $138,146
- From related orgs
- $0
- Other
- $2,317
- Hours/week
- 40
-
Dara SoljagaDARA SOLJAGA
ASSOCIATE DEAN OF EDUCATION
- Total calculated
- $131,349
- From this org
- $128,410
- From related orgs
- $0
- Other
- $2,939
- 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 · 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 · 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
The filer's explanations (Part III)
- PART I, LINE 1A
- THE COLLEGE PAID THE INITIATION FEES AND MONTHLY DUES MEMBERSHIPS FOR THE VP OF ADVANCEMENT TO THE WESTMORELAND CLUB. THE WESTMORELAND CLUB IS A NON-PROFIT SOCIAL CLUB USED BY MEMBERS OF MANAGEMENT TO HOST MEETINGS WITH BUSINESS PARTNERS OF THE COLLEGE, BOARD MEMBERS, POTENTIAL DONORS, FACULTY, AND STAFF. THESE ARE TAXABLE BENEFITS AND INCLUDED IN INDIVIDUALS' W-2S.
- PART I, LINE 1B
- THE EXPENSES INCURRED AT THE WESTMORELAND CLUB ARE SUBJECT TO THE DOCUMENTATION REQUIREMENTS OF THE COLLEGE.
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 partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
SBM HTC LLC
RENTAL REAL ESTATE · PA
-
SPRING BROOK MEMORIAL LLC
RENTAL REAL ESTATE · PA
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
SBM HTC HOLDINGS LLC
C · REAL ESTATE INVESTMENT · PA · 100% owned · share of income -$325,389 · share of assets $787,671 · controlled entity
Directly controlled by KING'S COLLEGE
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 12 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202511339349301411
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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