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Nonprofiteer
← CEDAR CREST COLLEGE

Form 990 for tax year 2024

Filed by CEDAR CREST COLLEGE.

Totals

Total revenue
$57,462,091
Total expenses
$59,318,032
Contributions and grants received
$6,990,025
Grants paid
$15,498,259
Program service revenue
$41,433,580
Investment income
$6,046,175
Other revenue
$2,992,311
Total assets, end of year
$109,276,205
Total liabilities, end of year
$25,301,194
Net assets or fund balances, end of year
$83,975,011
Program services expenses (Part IX)
$47,481,639
Management and general expenses
$10,344,993
Fundraising expenses
$1,491,400
Program service expenses (Part III)
$47,481,639

Program services were 80.0% 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

    $34,230

  • 1e · Government grants (contributions)

    $2,328,645

  • 1f · All other contributions, gifts and grants

    $4,627,150

  • 1g · Noncash contributions included above

    $39,905

  • 2a · Program service revenue: TUITION AND FEES

    total $38,659,579 · related or exempt $38,659,579

  • 2b · Program service revenue: RESIDENCE FEES

    total $2,287,588 · related or exempt $2,287,588

  • 2c · Program service revenue: SWIM & SAFETY PROGRAMS

    total $481,304 · related or exempt $481,304

  • 2d · Program service revenue: FORTIFIED STUDENT DEPO

    total $4,100 · related or exempt $4,100

  • 2e · Program service revenue: INTEREST INCOME ON STU

    total $1,009 · related or exempt $1,009

  • 3 · Investment income

    total $997,716 · unrelated business $1,897 · excluded $995,819

  • 5 · Royalties

    total $59,665 · excluded $59,665

  • 6a · Gross rents

    real property $1,031,391

  • 6b · Less rental expenses

    real property $481,631

  • 6c · Rental income or loss

    real property $549,760

  • 6d · Net rental income or loss

    total $549,760 · excluded $549,760

  • 7a · Gross sales of assets other than inventory

    securities $16,121,431

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

    securities $11,072,972

  • 7c · Gain or loss

    securities $5,048,459

  • 7d · Net gain or loss

    total $5,048,459 · excluded $5,048,459

  • 8a · Fundraising events: gross income

    $52,322

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

    $34,230

  • 8b · Fundraising events: direct expenses

    $30,422

  • 8c · Net income from fundraising events

    total $21,900 · excluded $21,900

  • 11a · Other revenue: DINING FEES

    total $2,128,219 · excluded $2,128,219

  • 11b · Other revenue: SUMMER CAMPS

    total $94,292 · unrelated business $94,292

  • 11c · Other revenue: COMMISSIONS

    total $70,647 · excluded $70,647

  • 11d · All other revenue

    total $67,828 · excluded $67,828

  • 11e · Other revenue, total

    $2,360,986

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $15,498,259 · program services $15,498,259

  • 5 · Compensation of officers, directors and key employees

    total $2,182,132 · program services $1,620,108 · management and general $250,935 · fundraising $311,089

  • 7 · Other salaries and wages

    total $17,482,558 · program services $14,743,762 · management and general $2,060,483 · fundraising $678,313

  • 8 · Pension plan contributions

    total $741,365 · program services $630,161 · management and general $85,998 · fundraising $25,206

  • 9 · Other employee benefits

    total $2,909,265 · program services $2,007,393 · management and general $712,770 · fundraising $189,102

  • 10 · Payroll taxes

    total $1,892,911 · program services $1,564,389 · management and general $265,946 · fundraising $62,576

  • 11b · Fees: legal

    total $33,266 · management and general $33,266

  • 11c · Fees: accounting

    total $83,315 · management and general $83,315

  • 11f · Fees: investment management

    total $276,053 · management and general $276,053

  • 11g · Fees: other

    total $2,370,406 · program services $1,455,703 · management and general $882,592 · fundraising $32,111

  • 12 · Advertising and promotion

    total $668,562 · program services $2,058 · management and general $665,650 · fundraising $854

  • 13 · Office expenses

    total $2,355,660 · program services $1,436,363 · management and general $787,355 · fundraising $131,942

  • 14 · Information technology

    total $240,291 · program services $136,966 · management and general $88,908 · fundraising $14,417

  • 16 · Occupancy

    total $1,718,418 · program services $924,892 · management and general $793,526

  • 17 · Travel

    total $682,814 · program services $602,132 · management and general $64,965 · fundraising $15,717

  • 19 · Conferences, conventions and meetings

    total $149,256 · program services $136,956 · management and general $12,125 · fundraising $175

  • 20 · Interest

    total $571,590 · program services $240,189 · management and general $331,401

  • 22 · Depreciation, depletion and amortization

    total $3,589,036 · program services $1,512,608 · management and general $2,076,428

  • 23 · Insurance

    total $592,966 · program services $34,103 · management and general $558,863

  • 24a · Other expenses: AUXILIARY ENTERPRISES

    total $3,219,069 · program services $3,219,069

  • 24b · Other expenses: EQUIPMENT & MAINTENANCE

    total $1,514,403 · program services $1,514,403

  • 24c · Other expenses: MEMBERSHIP FEES

    total $291,237 · program services $43,652 · management and general $247,585

  • 24d · Other expenses: DINING SERVICES

    total $255,200 · program services $158,473 · management and general $66,829 · fundraising $29,898

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,000 · end of year $7,000

  • 2 · Savings and temporary cash investments

    beginning of year $6,291,771 · end of year $3,260,450

  • 3 · Pledges and grants receivable

    beginning of year $2,614,537 · end of year $1,905,963

  • 4 · Accounts receivable

    beginning of year $411,591 · end of year $1,622,864

  • 9 · Prepaid expenses and deferred charges

    beginning of year $437,629 · end of year $370,048

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

    $106,844,840

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

    $73,602,516

  • 10c · Land, buildings and equipment, net

    beginning of year $30,057,452 · end of year $33,242,324

  • 11 · Investments: publicly traded securities

    beginning of year $44,846,160 · end of year $43,695,919

  • 12 · Investments: other securities

    beginning of year $9,233,648 · end of year $10,232,909

  • 13 · Investments: program-related

    beginning of year $2,361,064 · end of year $3,121,685

  • 15 · Other assets

    beginning of year $14,357,314 · end of year $11,817,043

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,208,639 · end of year $4,101,789

  • 19 · Deferred revenue

    beginning of year $2,241,937 · end of year $2,007,492

  • 20 · Tax-exempt bond liabilities

    beginning of year $14,597,883 · end of year $14,342,162

  • 25 · Other liabilities

    beginning of year $4,844,119 · end of year $4,849,751

  • 27 · Net assets without donor restrictions

    beginning of year $30,610,164 · end of year $26,468,255

  • 28 · Net assets with donor restrictions

    beginning of year $56,115,424 · end of year $57,506,756

Mission and programs · 2024

Mission

CEDAR CREST COLLEGE IS A LIBERAL ARTS COLLEGE PRIMARILY FOR WOMEN DEDICATED TO THE EDUCATION OF THE NEXT GENERATION OF LEADERS. THE COLLEGE PREPARES STUDENTS FOR LIFE IN A GLOBAL COMMUNITY BY EDUCATING THE WHOLE STUDENT AT ALL STAGES OF LIFE AND EXPERIENCE.

Activities or mission (Part I)

LIBERAL ARTS COLLEGE PRIMARILY FOR WOMEN DEDICATED TO EDUCATING THE NEXT GENERATION OF LEADERS.

  • THE COLLEGE CAMPUS, WITH 19 PRIMARY BUILDINGS, IS LOCATED IN THE WESTERN RESIDENTIAL SECTION OF THE CITY OF ALLENTOWN, PENNSYLVANIA IN THE LEHIGH VALLEY, WHICH HAS A COMBINED POPULATION OF APPROXIMATELY 820,000. THE COLLEGE IS WITHIN 55 MILES OF PHILADELPHIA AND 90 MILES OF NEW YORK CITY. THE COLLEGE SERVES APPROXIMATELY 1,250 STUDENTS AND HAS A 9:1 STUDENT-FACULTY RATIO. THE COLLEGE IS ACCREDITED BY THE MIDDLE STATES COMMISSION ON HIGHER EDUCATION.A WOMEN'S COLLEGE IN ALLENTOWN, PENNSYLVANIA, WAS FIRST ENVISIONED BY THE FATHERS OF THE UNITED CHURCH OF CHRIST, WHO, IN 1867, ESTABLISHED A PROGRAM FOR THEIR DAUGHTERS TO ACHIEVE EDUCATION BEYOND HIGH SCHOOL. MORE THAN 150 YEARS LATER, CEDAR CREST REMAINS PRIMARILY A WOMEN'S COLLEGE DEDICATED TO THE EDUCATION OF THE NEXT GENERATION OF LEADERS. THROUGH ACADEMIC COURSES, STUDENT-LIFE PROGRAMMING, ATHLETICS, ACTIVITIES, AND PRE-PROFESSIONAL PRACTICES, THE COLLEGE EMPOWERS STUDENTS TO MEET THE NEEDS OF THE FUTURE, PURSUE VARIED INTERESTS, INSPIRE PROGRESSIVE THINKING, AND CONTRIBUTE TO THE GLOBAL COMMUNITY.

    Expenses $47,481,639 · Grants $15,498,259 · Revenue $41,433,580

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

Listed in Part VII

  • Dr Elizabeth Meade

    PRESIDENT

    Total calculated
    $448,282
    From this org
    $353,259
    From related orgs
    $0
    Other
    $95,023
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $340,454
    Bonus
    $0
    Other
    $12,805
    Deferred
    $35,427
    Nontaxable benefits
    $59,596
    Filer's total
    $448,282

  • Micah Sadigh

    TRUSTEE/PROFESSOR

    Total calculated
    $108,783
    From this org
    $99,027
    From related orgs
    $0
    Other
    $9,756
    Hours/week
    40

  • Robin Ann Ingram

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Barbara Bigelow

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • John Zembron

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Joni Berner

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Tracy Broomall

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Nancy Yanuzzi Cleff

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Noor Hussain

    STUDENT TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • David Keller

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Stephanie Kobal

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jodi Koch

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Michelle Lawall

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • William Moyer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Michael Pasquale

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Gillian Pidcock

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Sylvia Rivera-Curnow

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Lamont Rouse

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Pamela Saunders

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Helen Scotch

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Margaret Lewis Schoenemann

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Lorraine Amory Soisson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Carolyn Stennett

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Wilson

    CFO/TREASURER

    Total calculated
    $225,004
    From this org
    $214,654
    From related orgs
    $0
    Other
    $10,350
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $214,200
    Bonus
    $0
    Other
    $454
    Deferred
    $0
    Nontaxable benefits
    $10,350
    Filer's total
    $225,004

  • Robert Wilson

    PROVOST AND VP FOR ACADEMIC AFFAIRS

    Total calculated
    $201,597
    From this org
    $185,460
    From related orgs
    $0
    Other
    $16,137
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $184,842
    Bonus
    $0
    Other
    $618
    Deferred
    $11,091
    Nontaxable benefits
    $5,046
    Filer's total
    $201,597

  • Stephanie Walker

    VP OF ENROLLMENT MANAGEMENT

    Total calculated
    $176,432
    From this org
    $153,307
    From related orgs
    $0
    Other
    $23,125
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,000
    Bonus
    $0
    Other
    $307
    Deferred
    $9,180
    Nontaxable benefits
    $13,945
    Filer's total
    $176,432

  • Lynn Staples

    VP FOR INSTITUTIONAL ADVANCEMENT

    Total calculated
    $175,475
    From this org
    $153,735
    From related orgs
    $0
    Other
    $21,740
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,273
    Bonus
    $0
    Other
    $462
    Deferred
    $9,196
    Nontaxable benefits
    $12,544
    Filer's total
    $175,475

  • Dr Calley Taylor Vp Student

    SUCCESS & ENGAGEMENT/DEAN OF STUDENTS

    Total calculated
    $141,945
    From this org
    $130,302
    From related orgs
    $0
    Other
    $11,643
    Hours/week
    40

  • Erin Fenstermacher

    SECRETARY TO THE BOARD

    Total calculated
    $87,994
    From this org
    $72,580
    From related orgs
    $0
    Other
    $15,414
    Hours/week
    40

  • Meghan Grady

    SECRETARY TO THE BOARD

    Total calculated
    $38,676
    From this org
    $38,398
    From related orgs
    $0
    Other
    $278
    Hours/week
    40

  • Deborah Burnett-Olsen Director Nurs

    ANESTHESIA PROG/ASST PROFESSOR

    Total calculated
    $207,663
    From this org
    $195,118
    From related orgs
    $0
    Other
    $12,545
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $192,467
    Bonus
    $0
    Other
    $2,651
    Deferred
    $11,548
    Nontaxable benefits
    $997
    Filer's total
    $207,663

  • Wendy Robb

    DEAN FOR THE SCHOOL OF NURSING

    Total calculated
    $194,527
    From this org
    $174,094
    From related orgs
    $0
    Other
    $20,433
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $172,881
    Bonus
    $0
    Other
    $1,213
    Deferred
    $10,373
    Nontaxable benefits
    $10,060
    Filer's total
    $194,527

  • Scott Hoke

    PROFESSOR

    Total calculated
    $164,209
    From this org
    $154,131
    From related orgs
    $0
    Other
    $10,078
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,252
    Bonus
    $0
    Other
    $879
    Deferred
    $9,195
    Nontaxable benefits
    $883
    Filer's total
    $164,209

  • William Wrightsman

    PROG DIR, OCCUPATIONAL THERAPY/ASST PROFESSOR

    Total calculated
    $163,745
    From this org
    $145,154
    From related orgs
    $0
    Other
    $18,591
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,277
    Bonus
    $0
    Other
    $1,877
    Deferred
    $8,597
    Nontaxable benefits
    $9,994
    Filer's total
    $163,745

  • Bimpe Adenusi

    PROFESSOR

    Total calculated
    $144,988
    From this org
    $137,887
    From related orgs
    $0
    Other
    $7,101
    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 · Housing allowance or residence for personal use
  • 1a · Health or social club dues or initiation fees
  • 1a · Personal services (maid, chauffeur, chef)
  • 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 · 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 PRESIDENT IS REQUIRED, AS A CONDITION OF EMPLOYMENT, TO LIVE AT THE COLLEGE'S PRESIDENTIAL RESIDENCE. THIS BENEFIT WAS NOT INCLUDED IN TAXABLE COMPENSATION AS IT MET THE REQUIREMENTS FOR EXCLUSION UNDER INTERNAL REVENUE CODE SECTION 119(D): IT WAS REQUIRED AS A CONDITION OF EMPLOYMENT, FOR THE CONVENIENCE OF THE EMPLOYER, AND ON OR NEAR THE CAMPUS. THE COLLEGE PROVIDES COUNTRY CLUB DUES AND RESIDENCE AID FOR THE COLLEGE PRESIDENT. THESE AMOUNTS ARE INCLUDED IN TAXABLE COMPENSATION.

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 TRUST (2)

    T · CHARITABLE TRUST · PA · controlled entity

    Directly controlled by CEDAR CREST COLLEGE

Provenance

Return type
form_990
Tax year
2024
Filed
17 February 2026
IRS schema version
2024v5.5
Source object
202610609349300356

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