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← KUTZTOWN UNIVERSITY FOUNDATION

Form 990 for tax year 2024

Filed by KUTZTOWN UNIVERSITY FOUNDATION.

Totals

Total revenue
$19,383,422
Total expenses
$12,173,495
Contributions and grants received
$4,728,850
Grants paid
$3,063,457
Program service revenue
$5,683,420
Investment income
$8,912,533
Other revenue
$58,619
Total assets, end of year
$83,405,483
Total liabilities, end of year
$21,798,405
Net assets or fund balances, end of year
$61,607,078
Program services expenses (Part IX)
$9,054,553
Management and general expenses
$1,495,898
Fundraising expenses
$1,623,044
Program service expenses (Part III)
$9,054,553

Program services were 74.4% 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.

  • 1c · Fundraising events

    $136,736

  • 1f · All other contributions, gifts and grants

    $4,592,114

  • 1g · Noncash contributions included above

    $181,148

  • 2a · Program service revenue: HOUSING FEES

    total $3,066,454 · related or exempt $3,066,454

  • 2b · Program service revenue: UNIVERSITY SERVICES

    total $2,600,500 · related or exempt $2,600,500

  • 2c · Program service revenue: FESTIVAL RENTALS

    total $16,466 · related or exempt $16,466

  • 3 · Investment income

    total $1,111,682 · excluded $1,111,682

  • 5 · Royalties

    total $44,688 · unrelated business $44,688

  • 6a · Gross rents

    real property $29,880

  • 6b · Less rental expenses

    real property $82,260

  • 6c · Rental income or loss

    real property -$52,380

  • 6d · Net rental income or loss

    total -$52,380 · excluded -$52,380

  • 7a · Gross sales of assets other than inventory

    securities $35,035,386

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

    securities $27,234,535

  • 7c · Gain or loss

    securities $7,800,851

  • 7d · Net gain or loss

    total $7,800,851 · excluded $7,800,851

  • 8a · Fundraising events: gross income

    $51,606

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

    $136,736

  • 8b · Fundraising events: direct expenses

    $124,101

  • 8c · Net income from fundraising events

    total -$72,495 · excluded -$72,495

  • 9a · Gaming: gross income

    $29,893

  • 9b · Gaming: direct expenses

    $9,663

  • 9c · Net income from gaming

    total $20,230 · excluded $20,230

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $119,554 · excluded $119,554

  • 11b · Other revenue: CHANGE IN CASH SURRENDER VALUE OF

    total -$978 · excluded -$978

  • 11e · Other revenue, total

    $118,576

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $601,460 · program services $601,460

  • 2 · Grants to domestic individuals

    total $2,461,997 · program services $2,461,997

  • 5 · Compensation of officers, directors and key employees

    total $577,989 · program services $103,262 · management and general $323,184 · fundraising $151,543

  • 7 · Other salaries and wages

    total $1,432,752 · program services $277,453 · management and general $326,578 · fundraising $828,721

  • 8 · Pension plan contributions

    total $103,453 · program services $21,516 · management and general $24,749 · fundraising $57,188

  • 9 · Other employee benefits

    total $438,793 · program services $88,492 · management and general $130,944 · fundraising $219,357

  • 10 · Payroll taxes

    total $152,418 · program services $30,410 · management and general $45,002 · fundraising $77,006

  • 11b · Fees: legal

    total $5,253 · program services $191 · management and general $4,803 · fundraising $259

  • 11c · Fees: accounting

    total $57,799 · program services $2,101 · management and general $52,846 · fundraising $2,852

  • 11f · Fees: investment management

    total $104,872 · management and general $104,872

  • 11g · Fees: other

    total $70,948 · program services $2,580 · management and general $64,868 · fundraising $3,500

  • 12 · Advertising and promotion

    total $88,296 · program services $34,679 · management and general $934 · fundraising $52,683

  • 13 · Office expenses

    total $90,621 · program services $50,732 · management and general $14,732 · fundraising $25,157

  • 14 · Information technology

    total $306,169 · program services $11,756 · management and general $248,771 · fundraising $45,642

  • 16 · Occupancy

    total $1,608,616 · program services $1,584,673 · management and general $23,943

  • 17 · Travel

    total $28,801 · program services $6,787 · management and general $6,751 · fundraising $15,263

  • 19 · Conferences, conventions and meetings

    total $25,694 · program services $13,663 · management and general $3,819 · fundraising $8,212

  • 20 · Interest

    total $692,472 · program services $692,472

  • 22 · Depreciation, depletion and amortization

    total $631,173 · program services $629,920 · management and general $1,253

  • 23 · Insurance

    total $419,279 · program services $368,406 · management and general $50,873

  • 24a · Other expenses: UBIT TAXES

    total $9,175 · management and general $9,175

  • 24b · Other expenses: UNCOLLECTIBLE ACCOUNT E

    total $1,666,303 · program services $1,666,303

  • 24c · Other expenses: FOOD

    total $151,348 · program services $114,954 · management and general $6,855 · fundraising $29,539

  • 24d · Other expenses: TAXES, PERMITS & LICENS

    total $147,734 · program services $146,677 · management and general $1,057

  • 24e · All other expenses

    total $300,080 · program services $144,069 · management and general $49,889 · fundraising $106,122

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $750 · end of year $740

  • 2 · Savings and temporary cash investments

    beginning of year $3,615,985 · end of year $3,595,442

  • 3 · Pledges and grants receivable

    beginning of year $826,052 · end of year $395,118

  • 4 · Accounts receivable

    beginning of year $2,320,774 · end of year $2,002,492

  • 7 · Other notes and loans receivable

    beginning of year $13,576,573 · end of year $8,739,048

  • 8 · Inventories for sale or use

    beginning of year $4,500 · end of year $4,500

  • 9 · Prepaid expenses and deferred charges

    beginning of year $407,658 · end of year $415,022

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

    $21,986,951

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

    $8,169,865

  • 10c · Land, buildings and equipment, net

    beginning of year $14,199,719 · end of year $13,817,086

  • 11 · Investments: publicly traded securities

    beginning of year $36,349,476 · end of year $43,834,762

  • 12 · Investments: other securities

    beginning of year $9,957,390 · end of year $10,196,412

  • 14 · Intangible assets

    beginning of year $10,000 · end of year $10,000

  • 15 · Other assets

    beginning of year $735,277 · end of year $394,861

  • 17 · Accounts payable and accrued expenses

    beginning of year $776,448 · end of year $814,410

  • 19 · Deferred revenue

    beginning of year $710,817 · end of year $241,234

  • 20 · Tax-exempt bond liabilities

    beginning of year $20,884,063 · end of year $20,123,955

  • 25 · Other liabilities

    beginning of year $518,083 · end of year $618,806

  • 27 · Net assets without donor restrictions

    beginning of year $14,545,660 · end of year $13,939,486

  • 28 · Net assets with donor restrictions

    beginning of year $44,569,083 · end of year $47,667,592

Mission and programs · 2024

Mission

THE MISSION OF THE KUTZTOWN UNIVERSITY FOUNDATION IS TO RAISE FUNDS TO ASSIST IN DEVELOPING AND ENHANCING QUALITY EDUCATIONAL OPPORTUNITIES AT KUTZTOWN UNIVERSITY OF PENNSYLVANIA FOR ITS STUDENTS, FACULTY, AND ALUMNI, AND THE GREATER KUTZTOWN UNIVERSITY COMMUNITY.

Activities or mission (Part I)

TO RAISE FUNDS TO ASSIST IN DEVELOPING AND ENHANCING QUALITY EDUCATIONAL OPPORTUNITIES AT KUTZTOWN UNIVERSITY OF PENNSYLVANIA FOR ITS STUDENTS, FACULTY, ALUMNI AND THE GREATER KUTZTOWN UNIVERSITY COMMUNITY.

  • KUTZTOWN UNIVERSITY FOUNDATION PROVIDES ENDOWED, RESTRICTED, AND UNRESTRICTED SCHOLARSHIPS TO STUDENTS OF KUTZTOWN UNIVERSITY. THE FOUNDATION HAS 320 ENDOWED SCHOLARSHIP FUNDS, THE INCOME FROM WHICH PROVIDED $1,474,962 IN NEED-BASED AND MERIT-BASED SCHOLARSHIPS TO STUDENTS. IN ADDITION, THE FOUNDATION PROVIDED DIRECT SCHOLARSHIPS OF $987,035 TO STUDENTS. TOTAL SCHOLARSHIPS FOR THE FISCAL YEAR WERE $2,461,997.

    Expenses $2,461,997 · Grants $2,461,997

  • KUTZTOWN UNIVERSITY FOUNDATION PROVIDES FINANCIAL SUPPORT TO THE ACADEMIC AND ATHLETIC PROGRAMS OF KUTZTOWN UNIVERSITY TO ENHANCE THE STUDENT EXPERIENCE IN THE CLASSROOM, ON CAMPUS, AND BEYOND. DONORS HAVE THE ABILITY TO CONTRIBUTE TO EACH OF KUTZTOWN UNIVERSITY'S COLLEGES, ACADEMIC DEPARTMENTS AND PROGRAMS, ATHLETIC TEAMS, AND STUDENT ORGANIZATIONS THROUGH DEDICATED FUNDS AT THE FOUNDATION.

    Expenses $601,460 · Grants $601,460

  • KUTZTOWN UNIVERSITY FOUNDATION PROVIDES AFFORDABLE AND COMFORTABLE HOUSING FOR STUDENTS OF KUTZTOWN UNIVERSITY IN THREE PROPERTIES ADJACENT TO THE UNIVERSITY'S CAMPUS: GOLDEN BEAR VILLAGE SOUTH (1,039 BEDS); GOLDEN BEAR VILLAGE WEST (107 BEDS); AND HONORS HALL (46 BEDS).

    Expenses $3,630,902 · Revenue $3,066,454

  • KUTZTOWN UNIVERSITY FOUNDATION PROVIDES ADMINISTRATIVE SERVICES OF ALUMNI RELATIONS ACTIVITIES AND EVENTS, IN ADDITION, THE FOUNDATION PROVIDES SUPPORT TO THE UNIVERSITY THROUGH OVERSIGHT OF ENDOWMENTS AND FUNDS EXPENDED ON BEHALF OF VARIOUS ACADEMIC DEPARTMENTS AND PROGRAMS.

    Expenses $2,360,194 · Revenue $2,616,966

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Charles Perkins

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5 + 2 related

  • Diane Piscitelli

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Merric Lariviere

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Jeffrey Fussner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Kathleen Nolan Stuardi

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Kevin Rock

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Carol Gauker

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Marilyn G Stewart

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Mary Green

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Bob Malavet

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Nathaniel J Williams

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Nico Goffredo

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Norman Inkpen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5 + 2 related

  • Shari Vandergast

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Paul Presinzano

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Scott Dorn

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5 + 2 related

  • Susan Pichini

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Susan Ziegenfus

    SECRETARY

    Total calculated
    $0
    Hours/week
    5 + 2 related

  • Thomas E Kauffman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Timothy Masluk

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5 + 2 related

  • William Kreitz

    TREASURER

    Total calculated
    $0
    Hours/week
    5 + 2 related

  • Willis Rapp

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Dean D'Amico

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Amanda D Jackowski

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Alex Ogeka

    EXECUTIVE DIRECTOR

    Total calculated
    $279,097
    From this org
    $233,198
    From related orgs
    $0
    Other
    $45,899
    Hours/week
    50 + 5 related

    Schedule J breakdown matched by us

    Base
    $225,500
    Bonus
    $5,000
    Other
    $2,698
    Deferred
    $20,949
    Nontaxable benefits
    $24,950
    Filer's total
    $279,097

  • Edward T Richmond

    ASSOCIATE EXECUTIVE DIRECT

    Total calculated
    $258,763
    From this org
    $215,924
    From related orgs
    $0
    Other
    $42,839
    Hours/week
    50 + 10 related

    Schedule J breakdown matched by us

    Base
    $210,000
    Bonus
    $4,000
    Other
    $1,924
    Deferred
    $19,509
    Nontaxable benefits
    $23,330
    Filer's total
    $258,763

  • Kathleen Meischke

    CONTROLLER

    Total calculated
    $161,441
    From this org
    $126,898
    From related orgs
    $0
    Other
    $34,543
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $124,200
    Bonus
    $0
    Other
    $2,698
    Deferred
    $11,538
    Nontaxable benefits
    $23,005
    Filer's total
    $161,441

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 · 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

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

  • KUTZTOWN UNIVERSITY

    $601,460

    GRANTS AND DIRECT SUPPORT FOR EDUCATIONAL PURPOSES

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

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.

  • GOLDEN BEAR VENTURES INC

    C · PROPERTY RENTAL · PA · 100% owned · share of income $37,162 · share of assets $2,437,578 · controlled entity

    Directly controlled by KUTZTOWN UNIVERSITY FOUNDATION

  • URSUS AUREUS INC

    C · HOTEL MANAGEMENT · PA · 100% owned · share of income $463,111 · share of assets $11,593,529 · controlled entity

    Directly controlled by KUTZTOWN UNIVERSITY FOUNDATION

  • CHARITABLE REMAINDER UNITRUST

    T · PA

    Directly controlled by KUTZTOWN UNIVERSITY FOUNDATION

  • URSUS SOLARIS

    C · SOLAR PROJECT · PA · 100% owned · share of income -$4,944 · share of assets $1,885,060 · controlled entity

    Directly controlled by KUTZTOWN UNIVERSITY FOUNDATION

Provenance

Return type
form_990
Tax year
2024
Filed
18 February 2026
IRS schema version
2024v5.5
Source object
202600519349300210

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