Totals
- Total revenue
- $85,676,459
- Total expenses
- $79,094,017
- Contributions and grants received
- $16,217,004
- Grants paid
- $19,958,302
- Program service revenue
- $47,138,944
- Investment income
- $21,700,918
- Other revenue
- $619,593
- Total assets, end of year
- $204,201,624
- Total liabilities, end of year
- $128,362,147
- Net assets or fund balances, end of year
- $75,839,477
- Program services expenses (Part IX)
- $68,226,157
- Management and general expenses
- $8,661,781
- Fundraising expenses
- $2,206,079
- Program service expenses (Part III)
- $68,226,157
Program services were 86.3% 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
$35,600
-
1e · Government grants (contributions)
$6,043,313
-
1f · All other contributions, gifts and grants
$10,138,091
-
1g · Noncash contributions included above
$277,879
-
2a · Program service revenue: TUITION AND FEES
total $34,086,936 · related or exempt $34,086,936
-
2b · Program service revenue: AUX ENT - ROOM AND BOARD
total $12,428,655 · related or exempt $12,428,655
-
2c · Program service revenue: AUX ENT - OTHER PROGRAM INCOME
total $616,754 · related or exempt $616,754
-
2d · Program service revenue: STUDENT LOAN INTEREST AND FEES
total $6,599 · related or exempt $6,599
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $2,807,431 · unrelated business $149,760 · excluded $2,657,671
-
5 · Royalties
total $247,925 · excluded $247,925
-
6c · Rental income or loss
real property $0 · personal property $0
-
7a · Gross sales of assets other than inventory
securities $16,220,000 · other assets $17,777,000
-
7b · Less cost or other basis and sales expenses
securities $13,280,974 · other assets $1,822,539
-
7c · Gain or loss
securities $2,939,026 · other assets $15,954,461
-
7d · Net gain or loss
total $18,893,487 · excluded $18,893,487
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$35,600
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0 · excluded $0
-
11a · Other revenue: CONFERENCE ACCOMMODATIONS
total $178,976 · unrelated business $178,976
-
11b · Other revenue: other revenue
total $116,651 · excluded $116,651
-
11c · Other revenue: ATHLETICS AND AQUATICS PROGAM
total $76,041 · unrelated business $76,041
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$371,668
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $19,958,302 · program services $19,958,302
-
4 · Benefits paid to or for members
total $0 · program services $0
-
5 · Compensation of officers, directors and key employees
total $1,431,026 · program services $377,348 · management and general $833,427 · fundraising $220,251
-
7 · Other salaries and wages
total $16,141,634 · program services $13,613,610 · management and general $1,565,488 · fundraising $962,536
-
8 · Pension plan contributions
total $767,639 · program services $596,774 · management and general $121,791 · fundraising $49,074
-
9 · Other employee benefits
total $2,619,498 · program services $2,070,626 · management and general $396,623 · fundraising $152,249
-
10 · Payroll taxes
total $1,281,661 · program services $996,382 · management and general $203,344 · fundraising $81,935
-
11b · Fees: legal
total $894,890 · management and general $894,890
-
11c · Fees: accounting
total $50,775 · management and general $50,775
-
11f · Fees: investment management
total $38,343 · management and general $38,343
-
11g · Fees: other
total $6,965,358 · program services $4,193,187 · management and general $2,458,517 · fundraising $313,654
-
12 · Advertising and promotion
total $116,615 · program services $2,205 · management and general $2,795 · fundraising $111,615
-
13 · Office expenses
total $758,420 · program services $642,175 · management and general $110,595 · fundraising $5,650
-
14 · Information technology
total $640,813 · program services $167,823 · management and general $445,872 · fundraising $27,118
-
16 · Occupancy
total $5,924,830 · program services $5,425,136 · management and general $421,144 · fundraising $78,550
-
17 · Travel
total $292,678 · program services $275,907 · management and general $16,018 · fundraising $753
-
20 · Interest
total $4,716,242 · program services $4,305,128 · management and general $354,221 · fundraising $56,893
-
22 · Depreciation, depletion and amortization
total $9,624,789 · program services $8,952,016 · management and general $555,350 · fundraising $117,423
-
23 · Insurance
total $1,127,240 · program services $1,058,197 · management and general $56,993 · fundraising $12,050
-
24a · Other expenses: FOOD SERVICES
total $3,694,170 · program services $3,694,170 · management and general $0 · fundraising $0
-
24b · Other expenses: EMPLOYEE/STUDENT EXPENSES
total $1,117,887 · program services $1,056,495 · management and general $61,392 · fundraising $0
-
24c · Other expenses: RECRUITMENT
total $523,666 · program services $523,666 · management and general $0 · fundraising $0
-
24d · Other expenses: MISCELLANEOUS
total $407,541 · program services $317,010 · management and general $74,203 · fundraising $16,328
-
24e · All other expenses
total $0 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $143,537 · end of year $811,346
-
2 · Savings and temporary cash investments
beginning of year $6,943,004 · end of year $5,949,752
-
3 · Pledges and grants receivable
beginning of year $1,399,032 · end of year $1,161,522
-
4 · Accounts receivable
beginning of year $765,978 · end of year $4,031,621
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $222,059 · end of year $222,058
-
9 · Prepaid expenses and deferred charges
beginning of year $1,260,792 · end of year $1,599,575
-
10a · Land, buildings and equipment: cost or other basis
$190,463,103
-
10b · Land, buildings and equipment: accumulated depreciation
$124,501,440
-
10c · Land, buildings and equipment, net
beginning of year $72,076,075 · end of year $65,961,663
-
11 · Investments: publicly traded securities
beginning of year $39,893,811 · end of year $35,940,349
-
12 · Investments: other securities
beginning of year $14,788,582 · end of year $7,269,706
-
13 · Investments: program-related
beginning of year $1,055,743 · end of year $854,450
-
14 · Intangible assets
beginning of year $70,930,643 · end of year $66,494,855
-
15 · Other assets
beginning of year $15,102,731 · end of year $13,904,727
-
17 · Accounts payable and accrued expenses
beginning of year $8,030,858 · end of year $3,601,547
-
18 · Grants payable
beginning of year $1,589,549 · end of year $907,131
-
19 · Deferred revenue
beginning of year $4,541,562 · end of year $2,437,917
-
20 · Tax-exempt bond liabilities
beginning of year $38,243,519 · end of year $29,377,511
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $16,816,621 · end of year $16,816,621
-
24 · Unsecured notes and loans payable
beginning of year $4,377,600 · end of year $0
-
25 · Other liabilities
beginning of year $79,566,846 · end of year $75,221,420
-
27 · Net assets without donor restrictions
beginning of year -$17,239,946 · end of year -$16,436,000
-
28 · Net assets with donor restrictions
beginning of year $88,655,378 · end of year $92,275,477
Mission and programs · 2024
Mission
AS A DIVERSE COMMUNITY OF LEARNERS, WE CULTIVATE INTEGRITY, CURIOSITY, CONNECTION AND RESILIENCE.
Activities or mission (Part I)
PROMOTING A COMMITMENT TO LIFELONG LEARNING WITH A FOUNDATION IN THE LIBERAL ARTS.
-
NAMED A TOP NATIONAL COLLEGE BY U.S. NEWS & WORLD REPORT, ALBRIGHT COLLEGE, READING, PA., (FOUNDED 1856) IS HOME TO ENGAGING FACULTY WHO BELIEVE THAT THE BEST ACADEMIC MOMENTS ARE WHEN STUDENTS FEEL INSPIRED AND READY TO TAKE ACTION. THE COLLEGE'S DISTINCTIVE CO-MAJOR PROGRAM ENABLES STUDENTS TO CROSS OR COMBINE DIFFERENT AREAS OF STUDY, WITHOUT TAKING LONGER TO GRADUATE. STUDY ALONGSIDE UNDERGRADUATE STUDENTS, ADULT LEARNERS AND GRADUATE STUDENTS, AND IGNITE YOUR SPARK AT ALBRIGHT COLLEGE. ALBRIGHT FACULTY BELIEVE THAT THE BEST ACADEMIC MOMENTS ARE WHEN STUDENTS FEEL INSPIRED AND READY TO TAKE ACTION. THE ALBRIGHT EXPERIENCE IS DESIGNED TO SPARK EACH STUDENT'S VISION FOR A MEANINGFUL FUTURE SO THAT THEY GRADUATE READY TO MAKE AN IMPACT ON OUR RAPIDLY CHANGING WORLD. STUDENTS ARE ENCOURAGED TO FORGE THEIR OWN PATH THROUGH STUDENT-DRIVEN LEARNING EXPERIENCES AND FOCUS THEIR FLAME BY CONNECTING YOUR PASSIONS IN FACULTY-LED EXPERIENCES. MORE THAN HALF OF ALBRIGHT STUDENTS TAKE ADVANTAGE OF THE COLLEGE'S DISTINCTIVE CO-MAJOR PROGRAM, WHICH ENABLES STUDENTS TO CROSS OR COMBINE DIFFERENT PROGRAMS, WITHOUT TAKING LONGER TO GRADUATE. IN ADDITION TO FACULTY MENTORS AND ALBRIGHT'S CAREER CENTER PROFESSIONALS, EACH STUDENT IS ASSIGNED A PERSONAL FOUR-YEAR SUCCESS COACH TO HELP THEM NAVIGATE COLLEGE AND STAY ON TRACK. AT ALBRIGHT, STUDENTS LEARN TO ASK QUESTIONS, THINK CREATIVELY, DEVELOP INNOVATIVE IDEAS AND SOLVE PROBLEMS. THEY ARE PREPARED TO BECOME AGENTS FOR CHANGE/SPARKS IN THE WORLD. ALBRIGHT IS A SUPPORTIVE, 24/7 RESIDENTIAL COMMUNITY WITH MORE THAN 70 STUDENT GROUPS, HONOR SOCIETIES, CLUBS, GREEK LIFE AND A VARIETY OF AFFINITY HOUSES - ALL OFFERING OPPORTUNITIES FOR LEADERSHIP AND SERVICE. MORE THAN A THIRD OF UNDERGRADUATES PARTICIPATE ON ALBRIGHT'S DIVISION III ATHLETIC TEAMS FOR WHICH THE QUALITY OF THE EDUCATIONAL EXPERIENCE AND SUCCESSFUL DEGREE COMPLETION ARE PRIORITIES. ALBRIGHT ALSO OFFERS ONLINE BACHELOR'S AND MASTER'S DEGREE PROGRAMS, CERTIFICATES AND PROFESSIONAL DEVELOPMENT FOR EDUCATORS. DESIGNED TO IGNITE THE SPARK OF FUTURE TEACHERS THROUGH PERSONALIZED LEARNING, ALBRIGHT COLLEGE'S NEW SCHOOL OF EDUCATIONAL INNOVATION OFFERS A RANGE OF DEEPLY EXPERIENTIAL EDUCATION DEGREES, ALL OF WHICH INCORPORATE THE GROUNDBREAKING TOTAL EXPERIENCE LEARNING METHODOLOGY, AVAILABLE ONLY AT ALBRIGHT. ALBRIGHT HAS BEEN RECOGNIZED AS ONE OF THE TOP COLLEGES IN THE COUNTRY FOR ITS SUCCESS IN ENROLLING AND SEEING ECONOMICALLY-DISADVANTAGED STUDENTS THROUGH TO GRADUATION. AFTER GRADUATION, MEDIAN INCOME LEVELS OF ALBRIGHT ALUMNI OUTPACE THE EARNINGS OF GRADUATES FROM MOST OTHER PRIVATE AND PUBLIC COLLEGES. 53% PERSONALIZE DEGREES | 83% LIVE ON CAMPUS | 41% OUT-OF-STATE STUDENTS | 97% RECEIVE FINANCIAL AID | 48% NON-WHITE | 33% STUDENT-ATHLETES | 12:1 STUDENT-FACULTY RATIO | 150+ PERSONALIZED COMBINATION OF MAJORS. RECENT ACCOLADES INCLUDE: TOP NATIONAL LIBERAL ARTS COLLEGE U.S. NEWS & WORLD REPORT TOP 31 IN NATION ON SOCIAL MOBILITY U.S. NEWS & WORLD REPORT BEST COLLEGES FOR CAREER DEVELOPMENT COLLEGES OF DISTINCTION BEST MID-ATLANTIC COLLEGES PRINCETON REVIEW BEST LIBERAL ARTS COLLEGES WASHINGTON MONTHLY BEST BANG FOR THE BUCK WASHINGTON MONTHLY GRADS EARN HIGH ROI GEORGETOWN STUDY 90% MED SCHOOL ACCEPTANCE RATE 90% LAW SCHOOL ACCEPTANCE RATE
Expenses $68,226,157 · Grants $19,958,302 · Revenue $47,138,944
As filed on the 2024 return.
Listed in Part VII
-
Bjorn Reigle
Vice Chair
- Total calculated
- $0
- Hours/week
- 1
-
Debra Townsley
President
- Total calculated
- $187,942
- From this org
- $187,500
- From related orgs
- $0
- Other
- $442
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $187,500
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $442
- Filer's total
- $187,942
-
Ronald Scheese
Chair
- Total calculated
- $0
- Hours/week
- 1
-
Tiffenia D Archie
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Charnita Zeigler-Johnson PHD
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Daniel B Huyett ESQ
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Dwight Davis MDIV
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
John Schultz ESQ
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Jorge J Scheirer MD
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Josephine A Gruber
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Karen A Marrongelle PHD
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Kristine Hazzard
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Michael H Reese
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Nancy G Shores JD
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Patricia F Shermot CME CUDE
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Robin M Hynicka MDIV
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Scott Keaton CPA
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Scott Rehr
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Susannah B Truitt
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Suzanne E Anderson MED PC
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Tami Correll Pinchiaroli
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Yamil Sanchez Rivera
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Brenda Ingram-Wallace
VP of Student and Campus Life
- Total calculated
- $192,909
- From this org
- $173,120
- From related orgs
- $0
- Other
- $19,789
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $173,120
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $19,789
- Filer's total
- $192,909
-
Caryn Stopper
VP of Enrollment Management
- Total calculated
- $191,834
- From this org
- $170,022
- From related orgs
- $0
- Other
- $21,812
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $170,022
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $21,812
- Filer's total
- $191,834
-
Karen Campbell
VP of Professional Studies
- Total calculated
- $184,439
- From this org
- $163,250
- From related orgs
- $0
- Other
- $21,189
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $163,250
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $21,189
- Filer's total
- $184,439
-
Thomas A Chaves
VP of Advancement
- Total calculated
- $219,981
- From this org
- $198,587
- From related orgs
- $0
- Other
- $21,394
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $198,587
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $21,394
- Filer's total
- $219,981
-
Guillaume DeSyon
Professor of History
- Total calculated
- $113,955
- From this org
- $109,226
- From related orgs
- $0
- Other
- $4,729
- Hours/week
- 40
-
Lisa Wilder
Dean of Professional Studies
- Total calculated
- $146,860
- From this org
- $122,307
- From related orgs
- $0
- Other
- $24,553
- Hours/week
- 40
-
Michael D'Errico
Associate Professor of Music
- Total calculated
- $139,004
- From this org
- $112,319
- From related orgs
- $0
- Other
- $26,685
- Hours/week
- 40
-
Rick O'Leary
AVP of Facilities
- Total calculated
- $133,099
- From this org
- $110,238
- From related orgs
- $0
- Other
- $22,861
- Hours/week
- 40
-
Rodney Warfield
Professor of Education
- Total calculated
- $140,096
- From this org
- $124,331
- From related orgs
- $0
- Other
- $15,765
- Hours/week
- 40
-
Jacquelyn S Fetrow PHD
President
- Total calculated
- $453,651
- From this org
- $441,587
- From related orgs
- $0
- Other
- $12,064
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $171,587
- Bonus
- $100,000
- Other
- $170,000
- Deferred
- $0
- Nontaxable benefits
- $12,064
- Filer's total
- $453,651
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
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 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)
- Schedule J, Part I, Line 1a Housing allowance or residence for personal use
- HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: A COLLEGE-OWNED HOUSE IS PROVIDED AS A RESIDENCE FOR THE PRESIDENT AND FAMILY. THE COLLEGE-OWNED HOUSING IS NOT TREATED AS A TAXABLE BENEFIT TO THE PRESIDENT SINCE IT MEETS THE DEFINITION OF 'QUALIFIED CAMPUS LODGING' UNDER INTERNAL REVENUE CODE SECTION 119(D).
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.
-
NORTH THIRTEENTH STREET INC
C Corporation · REAL ESTATE RENTAL · PA · 100% owned · share of income $0 · share of assets $0 · controlled entity
Directly controlled by ALBRIGHT COLLEGE
-
ALBRIGHT COLLEGE COSTA RICA SA
C Corporation · LAND INVESTMENT · CS · 100% owned · share of income $0 · share of assets $0 · controlled entity
Directly controlled by ALBRIGHT COLLEGE
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 14 April 2026
- IRS schema version
- 2024v5.1
- Source object
- 202641049349301954
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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