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Nonprofiteer
← WASHINGTON AND JEFFERSON COLLEGE

Form 990 for tax year 2023

Filed by WASHINGTON AND JEFFERSON COLLEGE.

Totals

Total revenue
$112,286,300
Total expenses
$74,220,091
Contributions and grants received
$59,872,772
Grants paid
$17,511,124
Program service revenue
$47,984,367
Investment income
$4,344,587
Other revenue
$84,574
Total assets, end of year
$358,929,572
Total liabilities, end of year
$57,712,710
Net assets or fund balances, end of year
$301,216,862
Program services expenses (Part IX)
$62,616,244
Management and general expenses
$9,600,798
Fundraising expenses
$2,003,049
Program service expenses (Part III)
$62,616,244

Program services were 84.4% 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)

    $344,426

  • 1f · All other contributions, gifts and grants

    $59,528,346

  • 1g · Noncash contributions included above

    $581,581

  • 2a · Program service revenue: TUITION AND FEES

    total $32,133,713 · related or exempt $32,133,713

  • 2b · Program service revenue: STUDENT SERVICES

    total $15,320,092 · related or exempt $15,320,092

  • 2c · Program service revenue: AUXILIARY PROGRAM SERVICES

    total $530,562 · related or exempt $462,147 · unrelated business $68,415

  • 3 · Investment income

    total $2,115,473 · unrelated business -$69,264 · excluded $2,184,737

  • 5 · Royalties

    total $56,121 · excluded $56,121

  • 6a · Gross rents

    real property $36,277

  • 6b · Less rental expenses

    real property $120,668

  • 6c · Rental income or loss

    real property -$84,391

  • 6d · Net rental income or loss

    total -$84,391 · excluded -$84,391

  • 7a · Gross sales of assets other than inventory

    securities $47,589,965 · other assets $11,310

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

    securities $45,372,161 · other assets $0

  • 7c · Gain or loss

    securities $2,217,804 · other assets $11,310

  • 7d · Net gain or loss

    total $2,229,114 · excluded $2,229,114

  • 10a · Gross sales of inventory

    $338,297

  • 10b · Cost of goods sold

    $225,453

  • 10c · Net income from sales of inventory

    total $112,844 · excluded $112,844

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $17,358,472 · program services $17,358,472

  • 3 · Grants to foreign organizations and individuals

    total $152,652 · program services $152,652

  • 5 · Compensation of officers, directors and key employees

    total $1,148,749 · program services $225,466 · management and general $673,410 · fundraising $249,873

  • 7 · Other salaries and wages

    total $20,059,347 · program services $16,023,878 · management and general $3,028,056 · fundraising $1,007,413

  • 8 · Pension plan contributions

    total $1,416,349 · program services $1,147,448 · management and general $196,697 · fundraising $72,204

  • 9 · Other employee benefits

    total $3,545,004 · program services $2,088,342 · management and general $1,361,946 · fundraising $94,716

  • 10 · Payroll taxes

    total $1,549,168 · program services $1,229,882 · management and general $231,754 · fundraising $87,532

  • 11a · Fees: management

    total $93,386 · program services $89,130 · management and general $4,256

  • 11b · Fees: legal

    total $70,868 · management and general $70,868

  • 11c · Fees: accounting

    total $141,638 · management and general $141,638

  • 11e · Fees: professional fundraising services

    total $39,000 · fundraising $39,000

  • 11g · Fees: other

    total $4,623,172 · program services $4,187,161 · management and general $430,820 · fundraising $5,191

  • 12 · Advertising and promotion

    total $372,421 · program services $79,004 · management and general $286,889 · fundraising $6,528

  • 13 · Office expenses

    total $692,044 · program services $543,235 · management and general $63,116 · fundraising $85,693

  • 14 · Information technology

    total $1,082,574 · program services $744,910 · management and general $309,685 · fundraising $27,979

  • 16 · Occupancy

    total $3,068,627 · program services $2,950,306 · management and general $118,321

  • 17 · Travel

    total $464,510 · program services $174,292 · management and general $111,907 · fundraising $178,311

  • 19 · Conferences, conventions and meetings

    total $1,035,273 · program services $468,254 · management and general $470,187 · fundraising $96,832

  • 20 · Interest

    total $1,748,292 · program services $1,748,292

  • 22 · Depreciation, depletion and amortization

    total $7,615,467 · program services $7,346,587 · management and general $268,880

  • 23 · Insurance

    total $551,896 · program services $508,945 · management and general $42,951

  • 24a · Other expenses: STUDENT ACADEMIC /PROGR

    total $2,744,365 · program services $2,380,512 · management and general $363,853

  • 24b · Other expenses: ATHLETIC & GAME EXPENSE

    total $1,280,042 · program services $1,280,042

  • 24c · Other expenses: STUDENT RECRUITING COST

    total $1,119,518 · program services $954,597 · management and general $164,921

  • 24d · Other expenses: BAD DEBT EXPENSE

    total $701,027 · management and general $701,027

  • 24e · All other expenses

    total $1,546,230 · program services $934,837 · management and general $559,616 · fundraising $51,777

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,000 · end of year $5,000

  • 2 · Savings and temporary cash investments

    beginning of year $14,393,474 · end of year $44,585,040

  • 3 · Pledges and grants receivable

    beginning of year $15,325,227 · end of year $33,847,112

  • 4 · Accounts receivable

    beginning of year $2,586,220 · end of year $1,568,755

  • 7 · Other notes and loans receivable

    beginning of year $396,588 · end of year $347,004

  • 8 · Inventories for sale or use

    beginning of year $126,510 · end of year $131,999

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,420,464 · end of year $728,586

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

    $284,633,509

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

    $142,515,047

  • 10c · Land, buildings and equipment, net

    beginning of year $147,644,473 · end of year $142,118,462

  • 11 · Investments: publicly traded securities

    beginning of year $71,267,890 · end of year $64,336,921

  • 12 · Investments: other securities

    beginning of year $63,543,013 · end of year $71,260,693

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,421,532 · end of year $2,183,571

  • 19 · Deferred revenue

    beginning of year $1,013,341 · end of year $754,032

  • 20 · Tax-exempt bond liabilities

    beginning of year $47,371,495 · end of year $44,860,332

  • 25 · Other liabilities

    beginning of year $10,249,132 · end of year $9,914,775

  • 27 · Net assets without donor restrictions

    beginning of year $115,313,469 · end of year $111,433,609

  • 28 · Net assets with donor restrictions

    beginning of year $140,339,890 · end of year $189,783,253

Mission and programs · 2023

Mission

TO GRADUATE PEOPLE OF UNCOMMON INTEGRITY, COMPETENCE, AND MATURITY, WHO ARE EFFECTIVE LIFELONG LEARNERS AND RESPONSIBLE CITIZENS, AND WHO ARE PREPARED TO CONTRIBUTE SUBSTANTIALLY TO THE WORLD IN WHICH THEY LIVE.

Activities or mission (Part I)

PROMOTE EDUCATION, THE DEVELOPMENT OF SKILLS, KNOWLEDGE, AND PERSONAL QUALITIES.

  • WASHINGTON & JEFFERSON COLLEGE, FOUNDED IN 1781, IS KNOWN FOR ITS HIGHLY CUSTOMIZED AND INTELLECTUALLY ENGAGING STUDENT EXPERIENCE THAT DEVELOPS PROFESSIONALS OF UNCOMMON INTEGRITY TO LEAD IN AN EVER-CHANGING WORLD. THE COLLEGE OFFERS MORE THAN 60 AREAS OF STUDY THAT ALLOW OUR STUDENTS TO TAILOR THEIR ACADEMIC EXPERIENCE TO THE TOPICS THAT MATCH THEIR AMBITIONS. STATISTICS - UNDERGRADUATE STUDENTS: 1,162 FULL-TIME EQUIVALENT STUDENTS AND 1 GRADUATE.SEE SCHEDULE O FOR CONTINUATIONTHE FOUR HALLMARKS OF THIS EXPERIENCE ARE "CUSTOMIZED JOURNEYS," A UNIQUE, LIFE-CYCLE APPROACH TO SELF-DISCOVERY, ACADEMIC ADVISING AND CAREER DEVELOPMENT; "INTELLECTUAL ENGAGEMENT," INCLUDING A REQUIREMENT TO STUDY BROADLY IN TWO DIFFERENT ACADEMIC AREAS; "PROFESSIONAL READINESS," INDIVIDUALIZED DEVELOPMENTAL EXPERIENCES INCLUDING A REQUIRED PRACTICUM RELEVANT TO A DESIRED CAREER; AND "ETHICAL LEADERSHIP," A FOUR-YEAR CURRICULAR AND CO-CURRICULAR PROGRAM FOR ALL STUDENTS TO DEVELOP COMPETENCIES IN CONFLICT RESOLUTION, CIVIL DISCOURSE, PROFESSIONALISM, AND SERVICE TO OTHERS.

    Expenses $61,923,898 · Grants $17,511,124 · Revenue $47,453,805

  • WASHINGTON & JEFFERSON COLLEGE OFFERS AUXILIARY SERVICES SUCH AS THE OPERATION OF THE CAMPUS STORE, CONFERENCES & EVENTS, LAUNDRY, AND DINING TO ENHANCE THE OVERALL EXPERIENCE OF ITS STUDENTS.

    Expenses $692,346 · Revenue $530,562

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • John C Knapp

    PRESIDENT

    Total calculated
    $535,208
    From this org
    $398,089
    From related orgs
    $0
    Other
    $137,119
    Hours/week
    70

    Schedule J breakdown matched by us

    Base
    $395,142
    Bonus
    $0
    Other
    $2,947
    Deferred
    $71,400
    Nontaxable benefits
    $65,719
    Filer's total
    $535,208

  • Donna Haley Grier

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    6

  • Reynold Pete W Mooney

    FIRST VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    3

  • Diana L Reed

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2.5

  • Stephen M Ross

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2.5

  • Joseph H Menendez

    TREASURER

    Total calculated
    $0
    Hours/week
    2.5

  • Jacqueline Bauer

    SECRETARY

    Total calculated
    $0
    Hours/week
    2.5

  • John C Burns

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Keith T Ghezzi

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Robert M Howard

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Rev Mark Johnson Sr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Clyde B Jones III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Suet Kam Lam

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Charles F Marcy

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mary E Massie-Story

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kenneth R Melani

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Peggy Northrop

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • B John Pendleton Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • David A Ross

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Louise K Ross

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • John D Simon

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Jimil B Wilson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Carolyn Campbell-Golden Vp

    FOR DEVELOPMENT & ALUMNI ENGAGEMENT

    Total calculated
    $249,873
    From this org
    $219,938
    From related orgs
    $0
    Other
    $29,935
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $212,280
    Bonus
    $0
    Other
    $7,658
    Deferred
    $16,063
    Nontaxable benefits
    $13,872
    Filer's total
    $249,873

  • Jeffrey Frick Vp For

    ACADEMIC AFFAIRS/DEAN OF COLLEGE

    Total calculated
    $236,767
    From this org
    $202,598
    From related orgs
    $0
    Other
    $34,169
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $196,398
    Bonus
    $0
    Other
    $6,200
    Deferred
    $15,912
    Nontaxable benefits
    $18,257
    Filer's total
    $236,767

  • Michael Timko

    ASSOCIATE VP FOR TECHNOLOGY

    Total calculated
    $217,691
    From this org
    $200,551
    From related orgs
    $0
    Other
    $17,140
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $199,880
    Bonus
    $0
    Other
    $671
    Deferred
    $9,860
    Nontaxable benefits
    $7,280
    Filer's total
    $217,691

  • Thomas Szejko Associate Vp

    BUSINESS & FINANCE/CONTROLLER

    Total calculated
    $183,202
    From this org
    $158,357
    From related orgs
    $0
    Other
    $24,845
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $156,971
    Bonus
    $0
    Other
    $1,386
    Deferred
    $11,832
    Nontaxable benefits
    $13,013
    Filer's total
    $183,202

  • Tracey Sheetz Vp For

    ENROLLMENT & MARKETING

    Total calculated
    $204,570
    From this org
    $177,497
    From related orgs
    $0
    Other
    $27,073
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $173,720
    Bonus
    $0
    Other
    $3,777
    Deferred
    $14,000
    Nontaxable benefits
    $13,073
    Filer's total
    $204,570

  • Kerri Lacock Associate Vp

    FOR ALUMNI ENGAGEMENT & DEVELOPMENT

    Total calculated
    $177,191
    From this org
    $147,199
    From related orgs
    $0
    Other
    $29,992
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $147,089
    Bonus
    $0
    Other
    $110
    Deferred
    $11,832
    Nontaxable benefits
    $18,160
    Filer's total
    $177,191

  • Neal Jackson

    ASSOCIATE VP OF DEVELOPMENT

    Total calculated
    $166,469
    From this org
    $143,165
    From related orgs
    $0
    Other
    $23,304
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $142,955
    Bonus
    $0
    Other
    $210
    Deferred
    $11,832
    Nontaxable benefits
    $11,472
    Filer's total
    $166,469

  • James Irwin

    FORMER OFFICER

    Total calculated
    $120,461
    From this org
    $104,664
    From related orgs
    $0
    Other
    $15,797
    Hours/week
    0

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 · 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 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 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
TRAVEL FOR COMPANIONS: THE COLLEGE IS NOT REIMBURSED FOR THE TRAVEL COSTS INCURRED BY THE CURRENT PRESIDENT'S SPOUSE. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: FOR THE COLLEGE'S CONVENIENCE AND TO ENABLE THE VP FOR STUDENT LIFE/DEAN OF STUDENTS AND COLLEGE PRESIDENT TO CARRY OUT THEIR RESPONSIBILITIES, THE COLLEGE REQUIRES THE VP FOR STUDENT LIFE/DEAN OF STUDENTS AND PRESIDENT TO LIVE ON CAMPUS IN HOUSING THAT IS PROVIDED BY THE COLLEGE. CLUB MEMBERSHIPS: IN ORDER THAT THE PRESIDENT MAY ENTERTAIN POTENTIAL DONORS AND OTHER BUSINESS ASSOCIATES OF THE COLLEGE, THE COLLEGE PAYS FOR MEMBERSHIP AT THE DUQUESNE CLUB. ALL PERSONAL CHARGES ARE THE PRESIDENT'S RESPONSIBILITY. IN ADDITION, TO ENCOURAGE EDUCATIONAL AND GOOD BUSINESS RELATIONSHIPS, WASHINGTON & JEFFERSON COLLEGE MAKES AVAILABLE SOCIAL CLUB MEMBERSHIPS TO THE PRESIDENT AND SELECT SENIOR MANAGEMENT.

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.

  • CHARITABLE REMAINDER UNITRUST (5)

    T · PHILANTHROPY · PA

    Directly controlled by WASHINGTON & JEFFERSON COLLEGE

  • CHARITABLE REMAINDER TRUST (1)

    T · PHILANTHROPY · PA

    Directly controlled by WASHINGTON & JEFFERSON COLLEGE

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202501359349303055

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