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Nonprofiteer
← LYCOMING COLLEGE

Form 990 for tax year 2023

Filed by LYCOMING COLLEGE.

Totals

Total revenue
$85,085,298
Total expenses
$88,842,175
Contributions and grants received
$7,746,806
Grants paid
$36,264,085
Program service revenue
$61,619,462
Investment income
$15,399,213
Other revenue
$319,817
Total assets, end of year
$312,363,220
Total liabilities, end of year
$54,306,220
Net assets or fund balances, end of year
$258,057,000
Program services expenses (Part IX)
$71,028,662
Management and general expenses
$16,058,395
Fundraising expenses
$1,755,118
Program service expenses (Part III)
$71,028,662

Program services were 79.9% 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

    $10,000

  • 1e · Government grants (contributions)

    $1,669,582

  • 1f · All other contributions, gifts and grants

    $6,067,224

  • 1g · Noncash contributions included above

    $956,417

  • 2a · Program service revenue: TUITION & FEES

    total $48,056,162 · related or exempt $48,056,162

  • 2b · Program service revenue: AUXILIARY ENTERPRISES

    total $13,563,300 · related or exempt $13,219,699 · unrelated business $343,601

  • 3 · Investment income

    total $1,716,674 · excluded $1,716,674

  • 6a · Gross rents

    real property $299,974

  • 6b · Less rental expenses

    real property $223,154

  • 6c · Rental income or loss

    real property $76,820

  • 6d · Net rental income or loss

    total $76,820 · unrelated business $54,777 · excluded $22,043

  • 7a · Gross sales of assets other than inventory

    securities $31,719,418

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

    securities $18,036,879

  • 7c · Gain or loss

    securities $13,682,539

  • 7d · Net gain or loss

    total $13,682,539 · excluded $13,682,539

  • 10a · Gross sales of inventory

    $219,938

  • 10b · Cost of goods sold

    $190,072

  • 10c · Net income from sales of inventory

    total $29,866 · related or exempt $29,866

  • 11a · Other revenue: PARKING REVENUE

    total $112,217 · excluded $112,217

  • 11b · Other revenue: PCARD PROGRAM REBATES

    total $35,579 · excluded $35,579

  • 11c · Other revenue: FACILITY RENTAL

    total $12,410 · unrelated business $12,410

  • 11d · All other revenue

    total $52,925 · related or exempt $1,860 · excluded $51,065

  • 11e · Other revenue, total

    $213,131

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $36,264,085 · program services $36,264,085

  • 5 · Compensation of officers, directors and key employees

    total $3,851,011 · program services $1,246,015 · management and general $1,580,976 · fundraising $1,024,020

  • 6 · Compensation of disqualified persons

    total $25,000 · management and general $25,000

  • 7 · Other salaries and wages

    total $16,332,512 · program services $13,843,243 · management and general $2,484,266 · fundraising $5,003

  • 8 · Pension plan contributions

    total $1,245,006 · program services $993,147 · management and general $169,992 · fundraising $81,867

  • 9 · Other employee benefits

    total $4,007,457 · program services $3,108,495 · management and general $645,553 · fundraising $253,409

  • 10 · Payroll taxes

    total $1,264,594 · program services $1,002,757 · management and general $191,211 · fundraising $70,626

  • 11b · Fees: legal

    total $98,119 · management and general $98,119

  • 11c · Fees: accounting

    total $129,343 · management and general $129,343

  • 11f · Fees: investment management

    total $243,514 · program services $144,705 · management and general $98,809

  • 11g · Fees: other

    total $6,364,407 · program services $5,223,511 · management and general $1,083,645 · fundraising $57,251

  • 12 · Advertising and promotion

    total $1,277,461 · program services $1,091,750 · management and general $169,995 · fundraising $15,716

  • 13 · Office expenses

    total $4,924,677 · program services $3,854,116 · management and general $967,071 · fundraising $103,490

  • 16 · Occupancy

    total $2,182,664 · program services $947,973 · management and general $1,234,691

  • 17 · Travel

    total $1,194,474 · program services $1,041,378 · management and general $61,263 · fundraising $91,833

  • 20 · Interest

    total $1,751,704 · program services $1,476,609 · management and general $275,095

  • 22 · Depreciation, depletion and amortization

    total $5,902,118 · program services $358,272 · management and general $5,543,846

  • 23 · Insurance

    total $908,806 · program services $156,400 · management and general $752,406

  • 24a · Other expenses: SPECIAL EVENTS

    total $334,427 · program services $12,820 · management and general $294,541 · fundraising $27,066

  • 24b · Other expenses: MEMBERSHIPS

    total $181,485 · program services $63,090 · management and general $103,495 · fundraising $14,900

  • 24c · Other expenses: DEBT SVC TRUSTEE FEES

    total $46,089 · management and general $46,089

  • 24d · Other expenses: BAD DEBTS

    total $22,037 · management and general $22,037

  • 24e · All other expenses

    total $291,185 · program services $200,296 · management and general $80,952 · fundraising $9,937

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $113,588 · end of year $87,811

  • 2 · Savings and temporary cash investments

    beginning of year $2,284,862 · end of year $4,372,546

  • 3 · Pledges and grants receivable

    beginning of year $3,584,463 · end of year $3,283,697

  • 4 · Accounts receivable

    beginning of year $18,030 · end of year $18,797

  • 7 · Other notes and loans receivable

    beginning of year $612,106 · end of year $495,607

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

    $188,857,476

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

    $96,304,380

  • 10c · Land, buildings and equipment, net

    beginning of year $92,753,655 · end of year $92,553,096

  • 11 · Investments: publicly traded securities

    beginning of year $185,431,202 · end of year $198,015,473

  • 12 · Investments: other securities

    beginning of year $1,711,188 · end of year $1,397,317

  • 15 · Other assets

    beginning of year $13,956,439 · end of year $12,138,876

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,130,752 · end of year $1,473,630

  • 20 · Tax-exempt bond liabilities

    beginning of year $37,270,000 · end of year $36,225,000

  • 23 · Secured mortgages and notes payable

    beginning of year $985,450 · end of year $5,360,000

  • 25 · Other liabilities

    beginning of year $11,882,331 · end of year $11,247,590

  • 27 · Net assets without donor restrictions

    beginning of year $184,441,000 · end of year $190,713,000

  • 28 · Net assets with donor restrictions

    beginning of year $64,756,000 · end of year $67,344,000

Mission and programs · 2023

Mission

THE MISSION OF LYCOMING COLLEGE IS TO PROVIDE A DISTINGUISHED BACCALAUREATE EDUCATION IN THE LIBERAL ARTS AND SCIENCES WITHIN A COEDUCATIONAL, SUPPORTIVE, AND RESIDENTIAL SETTING.

Activities or mission (Part I)

TO PROVIDE A DISTINGUISHED BACCALAUREATE EDUCATION IN THE LIBERAL ARTS AND SCIENCES.

  • LYCOMING COLLEGE IS A FOUR-YEAR LIBERAL ARTS BASED, CO-EDUCATIONAL, INDEPENDENT COLLEGE WHOSE PRIMARY FUNCTION IS THE PRESENTATION OF FORMAL INSTRUCTION. THE COLLEGE HAS A REGULAR FACULTY, A REGULARLY SCHEDULED CURRICULUM (CONSISTING OF FALL, SPRING, MAY AND SUMMER TERM), AND A REGULARLY ENROLLED STUDENT BODY IN ATTENDANCE AT ITS CAMPUS LOCATED IN WILLIAMSPORT, PENNSYLVANIA. THE COLLEGE'S AREAS OF CONCENTRATION INCLUDE BACHELOR OF ARTS DEGREES IN 32 MAJOR FIELDS AND BACHELOR OF SCIENCE DEGREES IN 5 MAJOR FIELDS. PROGRAM SERVICES OF THE COLLEGE INCLUDE THE COST OF INSTRUCTION, ACADEMIC SUPPORT, STUDENT SERVICES, INSTITUTIONAL SUPPORT, AND SCHOLARSHIPS. CONTINUED ON SCHEDULE OTHE COST OF INSTRUCTION INCLUDES EXPENSES CONTRIBUTING DIRECTLY TO THE PRESENTATION OF FORMAL INSTRUCTION FOR THE 37 AFOREMENTIONED MAJORS.ACADEMIC SUPPORT IS ALL EXPENSES RELATED TO THOSE AREAS OF THE COLLEGE SUCH AS THE COLLEGE LIBRARY, COMPUTER CENTER, ACADEMIC RESOURCE CENTER, THE INSTITUTION FOR MANAGEMENT STUDIES, AND CENTER FOR ACADEMIC EXPERIENCES. STUDENT SERVICES ARE ALL OF THE EXPENSES SPECIFICALLY RELATED TO PROVIDING "OUR CUSTOMER", THE STUDENT, WITH A COMPLETE COLLEGE EXPERIENCE. SUCH AREAS WOULD INCLUDE THE REGISTRAR, COMMUNITY SERVICES, HEALTH SERVICES, RECREATION CENTER, ATHLETICS, COUNSELING SERVICES, ADMISSIONS, FINANCIAL AID, RELIGIOUS ACTIVITIES, OFFICE OF STUDENT PROGRAMS, AND THE DEAN OF STUDENTS. INSTITUTIONAL SUPPORT INCLUDES ALL EXPENSES OF MAINTAINING THE CAMPUS FACILITIES AND PROVIDING FOR ITS EMPLOYEES, SUCH AS BUILDINGS AND GROUNDS, SECURITY, OFFICE OF THE PRESIDENT, BUSINESS OFFICE, HUMAN RESOURCES, MAIL SERVICES, COLLEGE RELATIONS, ETC.STUDENT FINANCIAL AID FROM INTERNAL SOURCES REPRESENTED APPROXIMATELY 77% OF GROSS TUITION AND FEE REVENUE. IN ADDITION TO SOURCES OF INTERNAL AND EXTERNAL FINANCIAL AID, AND THE LYCOMING GRANT PROGRAM (NEED-BASED), LYCOMING COLLEGE OFFERS NUMEROUS SCHOLARSHIPS TO ACADEMICALLY TALENTED STUDENTS. MOST ACADEMIC SCHOLARSHIPS ARE AUTOMATICALLY RENEWED IN THEIR ORIGINAL AMOUNT FOR THE FOLLOWING YEAR PROVIDED THE STUDENT MAINTAINS SATISFACTORY ACADEMIC PROGRESS AS DEFINED IN THE COLLEGE CATALOG. ENROLLMENT FOR THE 2023-2024 ACADEMIC YEAR WAS APPROXIMATELY 1,010 FULL-TIME EQUIVALENTS.

    Expenses $71,028,662 · Grants $36,264,085 · Revenue $61,307,587

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

Listed in Part VII

  • D Mark Fultz

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Donald W Hughes

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Leigh T Howe

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Brian L Belz

    ASSISTANT SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Ann S Pepperman Esq

    ASSISTANT SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Robert W Buckman Jr Esq

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Shaun A Chalk

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Julie Hottle Day Esq

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • John C Dimarco Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • William E Evans DMD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Colleen M Heisey

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Joseph E Hoffman III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Patti Jackson-Gehris

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dr James M Jeffries III MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Philip Johnson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Steven Johnson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Daniel R Langdon

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dr Philip Levesque

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dr John E Marthinsen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Timothy L Myers

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mark Ohlinger

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Frank G Pellegrino

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Peter Ressler

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mark C Sitler

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dr Stanley W Sloter

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Linda Porr Sweeney Esq

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Barbara Lovenduski Sylk

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dr Marina N Vernalis

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Tammy Weber Esq

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Diane Dalto Woosnam

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dr Kent C Trachte

    PRESIDENT

    Total calculated
    $642,909
    From this org
    $400,578
    From related orgs
    $0
    Other
    $242,331
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $350,578
    Bonus
    $50,000
    Other
    $0
    Deferred
    $150,000
    Nontaxable benefits
    $92,331
    Filer's total
    $642,909

  • Jeffrey L Bennett CPA

    VP FINANCE & ADMIN CFO/TREASURER

    Total calculated
    $229,923
    From this org
    $209,937
    From related orgs
    $0
    Other
    $19,986
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $209,937
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $19,986
    Filer's total
    $229,923

  • Charles W Edmonds

    EXECUTIVE VP COLLEGE ADVANCEMENT

    Total calculated
    $310,436
    From this org
    $270,998
    From related orgs
    $0
    Other
    $39,438
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $270,998
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $39,438
    Filer's total
    $310,436

  • Dr Philip W Sprunger

    PROVOST

    Total calculated
    $236,438
    From this org
    $206,597
    From related orgs
    $0
    Other
    $29,841
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $206,597
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $29,841
    Filer's total
    $236,438

  • Michael J Konopski

    SR ADVISOR ENROLLMENT MGMT

    Total calculated
    $138,926
    From this org
    $119,117
    From related orgs
    $0
    Other
    $19,809
    Hours/week
    40

  • Robert L Dunkleberger

    CHIEF INFORMATION OFFICER

    Total calculated
    $187,069
    From this org
    $155,986
    From related orgs
    $0
    Other
    $31,083
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,986
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $31,083
    Filer's total
    $187,069

  • Daniel P Miller

    VP STUDENT LIFE

    Total calculated
    $169,469
    From this org
    $143,678
    From related orgs
    $0
    Other
    $25,791
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,678
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $25,791
    Filer's total
    $169,469

  • Susan Ross

    DEAN OF COLLEGE

    Total calculated
    $147,800
    From this org
    $135,160
    From related orgs
    $0
    Other
    $12,640
    Hours/week
    40

  • Richard Hinton

    VP ENROLLMENT MGMT

    Total calculated
    $58,068
    From this org
    $55,151
    From related orgs
    $0
    Other
    $2,917
    Hours/week
    40

  • Kortet Mensah

    ASST TO PRES/CHIEF DIVERSITY OFFICER

    Total calculated
    $144,117
    From this org
    $132,059
    From related orgs
    $0
    Other
    $12,058
    Hours/week
    40

  • Michael Clark

    ATHLETIC DIR/HEAD FOOTBALL

    Total calculated
    $204,970
    From this org
    $144,619
    From related orgs
    $0
    Other
    $60,351
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $144,619
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $60,351
    Filer's total
    $204,970

  • Mehrdad Madresehee

    PROFESSOR

    Total calculated
    $133,206
    From this org
    $121,668
    From related orgs
    $0
    Other
    $11,538
    Hours/week
    40

  • Sascha Feinstein

    PROFESSOR

    Total calculated
    $147,388
    From this org
    $124,372
    From related orgs
    $0
    Other
    $23,016
    Hours/week
    1

  • John Whelan

    PROFESSOR

    Total calculated
    $143,603
    From this org
    $122,610
    From related orgs
    $0
    Other
    $20,993
    Hours/week
    40

  • Kacy Hagan

    ASSOC VP HR & COMPLIANCE

    Total calculated
    $138,082
    From this org
    $120,849
    From related orgs
    $0
    Other
    $17,233
    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 · Travel for companions
  • 1a · Discretionary spending account
  • 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 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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 PRESIDENT'S COMPENSATION PACKAGE SPECIFICALLY STATES THAT TRAVEL EXPENSES FOR HIS SPOUSE DURING BUSINESS TRAVEL WILL BE PAID BY THE COLLEGE. THE PRESIDENT LIVES IN A COLLEGE OWNED HOUSE, WHICH IS IN CLOSE PROXIMITY TO THE CAMPUS. THE COLLEGE PAYS FOR COUNTRY CLUB DUES FOR THE PRESIDENT AND FEW OTHER KEY STAFF MEMBERS. THE PRESIDENT'S HOME IS CLEANED AND MAINTAINED BY THE COLLEGE'S CUSTODIAL STAFF. NONE OF THESE BENEFITS ARE CONSIDERED TAXABLE INCOME FOR THESE OFFICERS AS THESE BENEFITS ARE FOR BUSINESS PURPOSES.
PART I, LINE 4B
THE PRESIDENT, DR. KENT C. TRACHTE'S 457(F) CONTRIBUTIONS FOR THE YEAR WERE $150,000.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202501349349305840

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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