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Nonprofiteer
← CORPORATION OF HAVERFORD COLLEGE

Form 990 for tax year 2023

Filed by CORPORATION OF HAVERFORD COLLEGE.

Totals

Total revenue
$205,029,101
Total expenses
$171,338,868
Contributions and grants received
$44,048,537
Grants paid
$42,709,298
Program service revenue
$124,067,909
Investment income
$36,817,617
Other revenue
$95,038
Total assets, end of year
$962,846,855
Total liabilities, end of year
$157,367,810
Net assets or fund balances, end of year
$805,479,045
Program services expenses (Part IX)
$143,830,994
Management and general expenses
$22,032,304
Fundraising expenses
$5,475,570
Program service expenses (Part III)
$143,830,994

Program services were 83.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • WENDY RAYMOND

    PRESIDENT

    Total calculated
    $750,554
    From this org
    $563,423
    From related orgs
    $0
    Other
    $187,131
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $553,289
    Bonus
    $0
    Other
    $10,134
    Deferred
    $56,500
    Nontaxable benefits
    $130,631
    Filer's total
    $750,554

  • LISA LONIE

    ASSISTANT CHIEF OF STAFF

    Total calculated
    $34,038
    From this org
    $30,384
    From related orgs
    $0
    Other
    $3,654
    Hours/week
    50

  • CHARLES G BEEVER

    CHAIR, BOARD OF MANAGERS

    Total calculated
    $0
    Hours/week
    2

  • MICHAEL KIM

    VICE CHAIR, BOARD OF MANAGERS

    Total calculated
    $0
    Hours/week
    2

  • AMY TAYLOR BROOKS

    CLERK, BOARD OF MANAGERS

    Total calculated
    $0
    Hours/week
    2

  • ZACHARY DUTTON

    SECRETARY, BOARD OF MANAGERS

    Total calculated
    $0
    Hours/week
    2

  • MARK G ANDERSON

    BOARD OF MANAGERS

    Total calculated
    $0
    Hours/week
    2

  • STEVEN L BEGLEITER

    BOARD OF MANAGERS

    Total calculated
    $0
    Hours/week
    2

  • BRIAN COOPER

    BOARD OF MANAGERS

    Total calculated
    $0
    Hours/week
    2

  • PETRA DOAN

    BOARD OF MANAGERS

    Total calculated
    $0
    Hours/week
    2

  • MOLLY FINN

    BOARD OF MANAGERS

    Total calculated
    $0
    Hours/week
    2

  • JONATHAN M GAMSE

    BOARD OF MANAGERS

    Total calculated
    $0
    Hours/week
    2

  • BRUCE D GORCHOW

    BOARD OF MANAGERS (UNTIL 6/30/2024)

    Total calculated
    $0
    Hours/week
    2

  • CLAUDIA L HAMMERMAN

    BOARD OF MANAGERS (UNTIL 12/2023)

    Total calculated
    $0
    Hours/week
    2

  • JAMES KINSELLA

    BOARD OF MANAGERS

    Total calculated
    $0
    Hours/week
    2

  • THIEN LE

    BOARD OF MANAGERS

    Total calculated
    $0
    Hours/week
    2

  • DON LIU

    BOARD OF MANAGERS

    Total calculated
    $0
    Hours/week
    2

  • ERICA LURIE-HURVITZ

    BOARD OF MANAGERS

    Total calculated
    $0
    Hours/week
    2

  • RACHEL MELROY-HUSSER

    BOARD OF MANAGERS

    Total calculated
    $0
    Hours/week
    2

  • BEATRICE MITCHELL

    BOARD OF MANAGERS

    Total calculated
    $0
    Hours/week
    2

  • KARI NADEAU

    BOARD OF MANAGERS

    Total calculated
    $0
    Hours/week
    2

  • TERESA NANCE

    BOARD OF MANAGERS

    Total calculated
    $0
    Hours/week
    2

  • JENNIFER S PERKINS

    BOARD OF MANAGERS

    Total calculated
    $0
    Hours/week
    2

  • SARA RECKTENWALD

    BOARD OF MANAGERS

    Total calculated
    $0
    Hours/week
    2

  • MAURICE RIPPEL

    BOARD OF MANAGERS (UNTIL 6/30/2024)

    Total calculated
    $0
    Hours/week
    2

  • HENRY J RITCHOTTE

    BOARD OF MANAGERS

    Total calculated
    $0
    Hours/week
    2

  • ALEX ROBINSON

    BOARD OF MANAGERS

    Total calculated
    $0
    Hours/week
    2

  • SHREYAS SHIBULAL

    BOARD OF MANAGERS

    Total calculated
    $0
    Hours/week
    2

  • JOHN SPEARS

    BOARD OF MANAGERS

    Total calculated
    $0
    Hours/week
    2

  • VINCENT WARREN

    BOARD OF MANAGERS

    Total calculated
    $0
    Hours/week
    2

  • DAVID WERTHEIMER

    BOARD OF MANAGERS

    Total calculated
    $0
    Hours/week
    2

  • JERRY WILLIAMS

    BOARD OF MANAGERS

    Total calculated
    $0
    Hours/week
    2

  • NICO WASHINGTON

    VP, FINANCE & ADMIN./TREASURER

    Total calculated
    $291,168
    From this org
    $261,898
    From related orgs
    $0
    Other
    $29,270
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $260,648
    Bonus
    $0
    Other
    $1,250
    Deferred
    $26,898
    Nontaxable benefits
    $2,372
    Filer's total
    $291,168

  • JESSE H LYTLE

    VP/CHIEF OF STAFF/SECRETARY

    Total calculated
    $282,071
    From this org
    $173,379
    From related orgs
    $0
    Other
    $108,692
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $173,379
    Bonus
    $0
    Other
    $0
    Deferred
    $19,383
    Nontaxable benefits
    $89,309
    Filer's total
    $282,071

  • BRIGID ISACKMAN

    AVP & CONTROLLER/ASST. TREASURER

    Total calculated
    $222,034
    From this org
    $177,395
    From related orgs
    $0
    Other
    $44,639
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $177,395
    Bonus
    $0
    Other
    $0
    Deferred
    $19,784
    Nontaxable benefits
    $24,855
    Filer's total
    $222,034

  • KIMBERLY SPANG

    VP, INSTITUTIONAL ADVANCE/ASST SEC.

    Total calculated
    $183,908
    From this org
    $159,118
    From related orgs
    $0
    Other
    $24,790
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $139,118
    Bonus
    $20,000
    Other
    $0
    Deferred
    $14,750
    Nontaxable benefits
    $10,040
    Filer's total
    $183,908

  • JOY TAKAHASHI

    ASSISTANT CLERK

    Total calculated
    $0
    Hours/week
    2

  • LINDA STRONG-LEEK

    PROVOST

    Total calculated
    $296,811
    From this org
    $261,838
    From related orgs
    $0
    Other
    $34,973
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $244,540
    Bonus
    $0
    Other
    $17,298
    Deferred
    $25,721
    Nontaxable benefits
    $9,252
    Filer's total
    $296,811

  • JESS H LORD

    VP/DEAN OF ADMISSIONS/FINANCIAL AID

    Total calculated
    $283,012
    From this org
    $218,607
    From related orgs
    $0
    Other
    $64,405
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $218,607
    Bonus
    $0
    Other
    $0
    Deferred
    $23,500
    Nontaxable benefits
    $40,905
    Filer's total
    $283,012

  • JOHN MCKNIGHT

    DEAN OF THE COLLEGE

    Total calculated
    $288,416
    From this org
    $207,468
    From related orgs
    $0
    Other
    $80,948
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $207,468
    Bonus
    $0
    Other
    $0
    Deferred
    $22,668
    Nontaxable benefits
    $58,280
    Filer's total
    $288,416

  • MEGAN E FITCH

    CHIEF INFORMATION OFFICER

    Total calculated
    $234,645
    From this org
    $203,154
    From related orgs
    $0
    Other
    $31,491
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $203,154
    Bonus
    $0
    Other
    $0
    Deferred
    $21,678
    Nontaxable benefits
    $9,813
    Filer's total
    $234,645

  • DONALD B CAMPBELL JR

    DIRECTOR OF FACILITIES MANAGEMENT

    Total calculated
    $193,921
    From this org
    $174,091
    From related orgs
    $0
    Other
    $19,830
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $172,591
    Bonus
    $0
    Other
    $1,500
    Deferred
    $18,259
    Nontaxable benefits
    $1,571
    Filer's total
    $193,921

  • THELATHIA YOUNG

    VP, INSTITUTIONAL EQUITY & ACCESS

    Total calculated
    $239,508
    From this org
    $200,242
    From related orgs
    $0
    Other
    $39,266
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $200,242
    Bonus
    $0
    Other
    $0
    Deferred
    $21,425
    Nontaxable benefits
    $17,841
    Filer's total
    $239,508

  • EDWARD ROBERTS

    ASST. VP, PHILANTHROPY & CAMPAIGN

    Total calculated
    $224,134
    From this org
    $194,591
    From related orgs
    $0
    Other
    $29,543
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $188,091
    Bonus
    $0
    Other
    $6,500
    Deferred
    $19,893
    Nontaxable benefits
    $9,650
    Filer's total
    $224,134

  • LINDA GERSTEIN

    PROFESSOR

    Total calculated
    $221,659
    From this org
    $192,238
    From related orgs
    $0
    Other
    $29,421
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $192,238
    Bonus
    $0
    Other
    $0
    Deferred
    $20,430
    Nontaxable benefits
    $8,991
    Filer's total
    $221,659

  • ANNE PRESTON

    PROFESSOR

    Total calculated
    $217,008
    From this org
    $188,773
    From related orgs
    $0
    Other
    $28,235
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $188,773
    Bonus
    $0
    Other
    $0
    Deferred
    $18,694
    Nontaxable benefits
    $9,541
    Filer's total
    $217,008

  • ASHOK GANGADEAN

    PROFESSOR

    Total calculated
    $221,778
    From this org
    $184,375
    From related orgs
    $0
    Other
    $37,403
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $184,375
    Bonus
    $0
    Other
    $0
    Deferred
    $19,718
    Nontaxable benefits
    $17,685
    Filer's total
    $221,778

  • MICHAEL H CASEL

    FORMER CIO, ASST. TREASURER

    Total calculated
    $599,300
    From this org
    $597,015
    From related orgs
    $0
    Other
    $2,285
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $2,165
    Bonus
    $164,861
    Other
    $429,989
    Deferred
    $333
    Nontaxable benefits
    $1,952
    Filer's total
    $599,300

  • ARA SERJOIE

    FORMER VP, INST. ADVANCEMENT

    Total calculated
    $322,840
    From this org
    $320,154
    From related orgs
    $0
    Other
    $2,686
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $11,410
    Bonus
    $0
    Other
    $308,744
    Deferred
    $1,248
    Nontaxable benefits
    $1,438
    Filer's total
    $322,840

  • KIMBERLY BENSTON

    PROFESSOR/FORMER PRESIDENT

    Total calculated
    $260,091
    From this org
    $218,918
    From related orgs
    $0
    Other
    $41,173
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $218,918
    Bonus
    $0
    Other
    $0
    Deferred
    $23,173
    Nontaxable benefits
    $18,000
    Filer's total
    $260,091

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 · Tax indemnification and gross-up payments
  • 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 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
NON-TAXABLE HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: AS A CONDITION OF EMPLOYMENT, PRESIDENT WENDY RAYMOND AND DEAN OF THE COLLEGE JOHN MCKNIGHT RESIDE ON CAMPUS FREE OF RENT. SOCIAL CLUB DUES: THE SOCIAL CLUB DUES OF THE PRESIDENT ARE PAID BY THE COLLEGE AND INCLUDED AS TAXABLE INCOME ON THE PRESIDENT'S W-2. THE PRESIDENT RECEIVED GROSS UP PAYMENTS FOR THE TAXABLE PORTION OF LIFE INSURANCE, PERSONAL USE OF COLLEGE PROVIDED VEHICLE, AND SOCIAL CLUB DUES.
PART I, LINES 4A-B
MICHAEL CASEL RECEIVED A SEVERANCE PAYMENT IN 2023 IN THE AMOUNT OF $82,431. ARA SERJOIE RECEIVED A SEVERANCE PAYMENT IN 2023 IN THE AMOUNT OF $267,806. WENDY RAYMOND RECEIVED A NON-TAXABLE CONTRIBUTION TOWARDS HER 457(F) PROGRAM IN 2023 IN THE AMOUNT OF $24.
PART I, LINE 7
THE BONUSES WERE APPROVED BY SENIOR LEADERS AND THE CFO. THE RETENTION BONUS WAS BOARD APPROVED DUE TO THE HIGH-RISK NATURE OF LOSING THE CURRENT CHIEF INVESTMENT OFFICER WHILE SELECTING AND ONBOARDING AN OUTSOURCED CHIEF INVESTMENT OFFICER.

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

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.

  • THE WILLIAM MAUL MEASEY TRUST

    T · CHARITABLE TRUST · PA · 60% owned · share of income $7,531,412 · share of assets $134,269,998 · controlled entity

    Directly controlled by CORPORATION OF HAVERFORD COLLEGE

  • CHARITABLE POOLED INCOME FUND (1)

    T · CHARITABLE TRUST · PA · controlled entity

    Directly controlled by CORPORATION OF HAVERFORD COLLEGE

  • CHARITABLE REMAINDER ANNUITY TRUST (1)

    T · CHARITABLE TRUST · PA · controlled entity

    Directly controlled by CORPORATION OF HAVERFORD COLLEGE

  • NET INCOME MAKEUP CHARITABLE REMAINDER UNITRUST (1)

    T · CHARITABLE TRUST · PA · controlled entity

    Directly controlled by CORPORATION OF HAVERFORD COLLEGE

Provenance

Return type
form_990
Tax year
2023
Filed
5 May 2025
IRS schema version
2023v6.0
Source object
202501289349304105

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