Muhlenberg College FY2021 filing

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Muhlenberg aims to help students become independent thinkers who are intellectually agile, characterized by a zest for reasoned and civil debate, knowledgeable about the achievements and traditions of diverse civilizations and cultures, able to express ideas with clarity and grace, committed to life-long learning, equipped with ethical and civic values and prepared for lives of leadership and service.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
$2.8M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $4.7M a year · 3% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.8M
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
3 mo
of spending, in cash
Plus $356.6M in investments, Pt X · Ln 11–13
Looks good: 3.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $110K
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$90.7M
15% of total assets
Looks good: liabilities are 15% of assets; 50% or less.
Pt X · Ln 26
Independent board members
28
of 28 voting members
Looks good: 28 of 28 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$171.3M
-7% vs prior year
Spent
$153.5M
To programs
91%
Net assets
$496.6M
By yearFY2020–FY2025
Revenue
$171.3M
FY2021▼ -7%
Tap a bar for its year
Revenue by fiscal year
FY2020$183.6M
FY2021$171.3M
FY2022$176.1M
FY2023$150.2M
FY2024$149.6M
FY2025$160.2M
Expenses
$153.5M
FY2021▼ -5%
Tap a bar for its year
Expenses by fiscal year
FY2020$161.5M
FY2021$153.5M
FY2022$161.4M
FY2023$160.6M
FY2024$160.2M
FY2025$165.6M
Net assets
$496.6M
FY2021▲ +14%
Tap a bar for its year
Net assets by fiscal year
FY2020$434.5M
FY2021$496.6M
FY2022$465.8M
FY2023$470.4M
FY2024$481.1M
FY2025$526.4M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1932.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $140.1M Management & general 6% · $9.4M Fundraising 3% · $4.0M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

43 people listed on the 990; $2.8M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$372,525Pt VII · Sec A
Chief Business Officer and Treasurer
$232,159Pt VII · Sec A
Vice President of Advancement and Alumni Relations
$221,069Pt VII · Sec A
Former President
$212,023Pt VII · Sec A
$173,833Pt VII · Sec A
Vice President of Enrollment Management
$173,833Pt VII · Sec A
$169,031Pt VII · Sec A
$168,192Pt VII · Sec A

Dr Kathleen Harring’s $471K as President is at the 35th percentile of top reported officer pay among 674 $100M+ education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Dr Kathleen Harring$471,153$458,703$459,916$462,539$372,525$257,026
Mr John I Williams JR————$212,023$458,511
Kent Dyer—$176,287$243,570$428,599——
Curtis Topper$245,737$133,748————
Rebekkah Kojku$242,047$230,290$220,632$230,495——
Mr Kent Dyer————$232,159$228,702
Laura Furge$219,633$213,571$221,314$135,271——
Ms Rebekkah Kojku————$221,069$215,334

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Muhlenberg College executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Develops independent, critical thinkers skilled in debate, diverse knowledge, clear expression, and lifelong learning.

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3 programs · $148.8M · in their own filed words · FY2020
01

Other Program Services

Library, depreciation, interest, non-cash financial aid, amortization of bond settlement costs (1,900 full-time undergraduate students). Student services including recruitment for admission, counseling, a nationally recognized peer tutoring program, career development, financial aid administration, and student record administration.

$101.7Mprogram expense
02

Instruction and research expenditures for approximately 1,900 full-time undergraduate and graduate students. The College offers 40 majors in the humanities, fine arts, social sciences and natural sciences, in addition to strong pre-professional programs in such areas as pre-health, pre-law, pre-theology, business and education.

$39.7Mprogram expense
03

Auxiliary Services

housing of 1,265 students; meals for approximately 1,160 students; a College bookstore for approximately 1,900 full-time students and 800 employees.

$7.4Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
See all 7 funders →
Grants paid · 12 grants · $248.4M · 2019–2024
Unitemized GrantFY2024$64,550,164
Unitemized GrantFY2023$60,916,199
Unitemized GrantFY2022$60,664,581
Unitemized GrantFY2021$61,701,948
Unitemized GrantFY2020$138,000
Unitemized GrantFY2020$109,221
Unitemized GrantFY2020$9,460
Unitemized GrantFY2020$1,160
Unitemized GrantFY2019$170,325
Unitemized GrantFY2019$76,654
Unitemized GrantFY2019$17,450
Unitemized GrantFY2019$17,392

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Jun 2025 · $13.7M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$9.4M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$3.0M
Post-9/11 Veterans Educational AssistanceDepartment of Veterans Affairs · ALN 64.027 · Direct$343K
Federal Supplemental Educational Opportunity GrantsDepartment of Education · ALN 84.007 · Direct$308K
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$251K

Plus 6 smaller programs.

The auditor reported 4 findings: a weakness in money controls.

Year ending Jun 2024 · $12.7M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$9.2M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$2.2M
Federal Supplemental Educational Opportunity GrantsDepartment of Education · ALN 84.007 · Direct$372K
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$306K
Post-9/11 Veterans Educational AssistanceDepartment of Veterans Affairs · ALN 64.027 · Direct$278K

Plus 8 smaller programs.

The auditor reported no findings.

Year ending Jun 2023 · $15.6M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$10.0M
Disaster Grants - Public Assistance (presidentially Declared Disasters)Department of Homeland Security · ALN 97.036 · Through Commonwealth of Pennsylvania$2.1M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$2.1M
Post-9/11 Veterans Educational AssistanceDepartment of Veterans Affairs · ALN 64.027 · Direct$425K
Federal Supplemental Educational Opportunity GrantsDepartment of Education · ALN 84.007 · Direct$394K

Plus 4 smaller programs.

The auditor reported no findings.

Year ending Jun 2022 · $13.9M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$10.5M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$2.1M
Federal Supplemental Educational Opportunity GrantsDepartment of Education · ALN 84.007 · Direct$398K
Post-9/11 Veterans Educational AssistanceDepartment of Veterans Affairs · ALN 64.027 · Direct$253K
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$243K

Plus 6 smaller programs.

The auditor reported no findings.

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$171.3M
Ln 12
Fees for servicesLn 2g$118.7M
Investment incomeLn 3$28.1M
Gifts and grantsLn 1h$24.2M
Money outPt IX
$153.5M
Ln 25
Programscol B$140.1M
Managementcol C$9.4M
Fundraisingcol D$4.0M
Owns and owesPt X
$496.6M
net assets · Ln 32
Cash and savingsLn 1–2$42.6M
Total assetsLn 16$587.3M
LiabilitiesLn 26$90.7M
PeoplePt VI, VII
43
listed · VII A
PaidVII A15
Voting boardVI 1a28
IndependentVI 1b28
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$24.2M
Government grantsLn 1e$6.5M
Noncash giftsLn 1g$2.0M
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$118.7M
Investment incomeLn 3$28.1M
Other incomeLn 4–11$414K
Gains on assetsLn 7$13.1M
Total revenueLn 12$171.3M
Assets in detailPt X, end of year
CashLn 1$18.6M
SavingsLn 2$24.0M
Cash and savings togetherLn 1–2$42.6M
Pledges and grants receivableLn 3$13.1M
Accounts receivableLn 4$1.7M
Notes and loans receivableLn 7$129K
Inventories for sale or useLn 8$619K
Prepaid expenses and deferred chargesLn 9$444K
Land, buildings, equipmentLn 10c$158.4M
InvestmentsLn 11–13$356.6M
Other assetsLn 15$13.8M
Total assetsLn 16$587.3M
LiabilitiesLn 26$90.7M
Net assetsLn 32$496.6M
OperationsPt I, VI
EmployeesI 51,736
VolunteersI 6515
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
BondsSch K, Pt X
Tax-exempt bond debt owedX 20$59.0M
Bond issues listedSch K Pt I2
Raised by those issuesSch K Pt I$65.3M
Abroad and in kindSch F, M
Grants to other countriesSch F Pt II–III$890K
Noncash gifts receivedSch M Pt I$2.0M
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$888K
Share of the $346.0M endowmentSch D 1g0.26%
EndowmentSch D · Pt V
LineFY21FY20FY19FY18FY17
End of yearLn 1g$346.0M$289.8M$292.3M$288.8M$276.6M
Given inLn 1b$2.8M$2.1M$3.3M$2.3M$4.1M
SpentLn 1d–1f$14.9M$13.5M$12.4M$10.8M$9.4M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$35.4M$42.6M
InvestmentsLn 11–13$308.5M$356.6M
Land, buildings, equipmentLn 10c$162.3M$158.4M
Total assetsLn 16$528.0M$587.3M
LiabilitiesLn 26$93.5M$90.7M
Net assetsLn 32$434.5M$496.6M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$58.0M$58.0M
Grants and assistance to foreign recipientsLn 3$890K$890K
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$2.0M$260K$1.3M$463K
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$44.1M$38.4M$3.7M$2.1M
Pension plan contributionsLn 8$1.3M$1.1M$99K$86K
Other employee benefitsLn 9$7.8M$6.8M$498K$463K
Payroll taxesLn 10$3.0M$2.6M$237K$152K
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$230K$0$219K$11K
Accounting feesLn 11c$88K$30$88K$0
Lobbying feesLn 11d$0$0$0$0
Investment management feesLn 11f$888K$0$888K$0
Other fees for servicesLn 11g$6.2M$5.7M$338K$238K
Advertising and promotionLn 12$386K$377K$9K$0
Office expensesLn 13$3.2M$2.9M$37K$238K
Information technologyLn 14$1.1M$21K$1.1M$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$6.9M$6.9M$0$0
TravelLn 17$301K$285K$2K$14K
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$311K$229K$52K$30K
InterestLn 20$2.5M$2.5M$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$8.6M$8.6M$0$0
InsuranceLn 23$765K$765K$0$0
Other expenses (24a–d)Ln 24$3.5M$2.6M$668K$201K
All other expensesLn 24e$1.4M$1.1M$186K$82K
Total functional expensesLn 25$153.5M$140.1M$9.4M$4.0M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 6, 2026 $160.2M$165.6M−$5.4M$526.4M 990 PDF
FY2024Filed with the IRS May 14, 2025 $149.6M$160.2M−$10.6M$481.1M 990 PDF
FY2023Filed with the IRS May 3, 2024 $150.2M$160.6M−$10.4M$470.4M 990 PDF
FY2022Filed with the IRS May 2, 2023 $176.1M$161.4M$14.7M$465.8M 990 PDF
FY2021 ViewingFiled with the IRS Jan 31, 2022 $171.3M$153.5M$17.8M$496.6M 990 PDF
FY2020Filed with the IRS Feb 1, 2021 $183.6M$161.5M$22.1M$434.5M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign M · Noncash J · Pay O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $171,294,187 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $9,381,318$24,156,180
I-9 Program service revenuePrior year $137,048,412$118,665,645
I-10 Investment incomePrior year $34,904,567$28,058,271
I-11 Other revenuePrior year $2,280,319$414,091
I-12 Total revenuePrior year $183,614,616$171,294,187
I-13 Grants and similar amounts paidPrior year $58,255,884$58,922,289
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $58,477,158$58,223,465
I-16a Professional fundraising feesPrior year $150,042$0
I-17 Other expensesPrior year $44,606,228$36,398,199
I-18 Total expensesPrior year $161,489,312$153,543,953
I-19 Revenue less expensesPrior year $22,125,304$17,750,234
Part VI · Governance 28 of 28 board members independent, 1 to look at
VI-1a Voting members of the governing body28
VI-1b Independent voting members28
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $171,294,187 across 14 lines filed
Lines not itemized here account for $392,606 of total revenue; see the IRS return.
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$6,466,664
VIII-1f All other contributions, gifts and grants$17,689,516
VIII-1g Noncash contributions (included above)$1,955,132
VIII-1h Total contributions, gifts and grants$24,156,180
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $118,658,902 · Unrelated business $6,743 · Excluded from tax $0$118,665,645
VIII-3 Investment incomeRelated to mission $14,905,344 · Unrelated business $14,245 · Excluded from tax $0$14,919,589
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $13,138,682 · Unrelated business $0 · Excluded from tax $0$13,138,682
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $21,485 · Unrelated business $0 · Excluded from tax $0$21,485
VIII-12 Total revenueRelated to mission $147,068,139 · Unrelated business $69,868 · Excluded from tax $0$171,294,187
Part IX · Statement of functional expenses $153,543,953 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $58,032,734$58,032,734
IX-3 Grants and assistance to foreign recipientsPrograms $889,555$889,555
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $259,551 · Management $1,317,478 · Fundraising $463,267$2,040,296
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $38,379,410 · Management $3,707,966 · Fundraising $2,051,053$44,138,429
IX-8 Pension plan contributionsPrograms $1,097,894 · Management $99,296 · Fundraising $85,593$1,282,783
IX-9 Other employee benefitsPrograms $6,797,715 · Management $497,994 · Fundraising $462,531$7,758,240
IX-10 Payroll taxesPrograms $2,614,663 · Management $236,633 · Fundraising $152,421$3,003,717
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $219,061 · Fundraising $10,970$230,031
IX-11c Accounting feesPrograms $30 · Management $87,500 · Fundraising $0$87,530
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $887,574 · Fundraising $0$887,574
IX-11g Other fees for servicesPrograms $5,654,817 · Management $337,758 · Fundraising $238,002$6,230,577
IX-12 Advertising and promotionPrograms $376,609 · Management $9,213 · Fundraising $0$385,822
IX-13 Office expensesPrograms $2,947,523 · Management $36,674 · Fundraising $237,540$3,221,737
IX-14 Information technologyPrograms $20,543 · Management $1,090,850 · Fundraising $0$1,111,393
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $6,895,592 · Management $0 · Fundraising $0$6,895,592
IX-17 TravelPrograms $284,822 · Management $2,144 · Fundraising $14,403$301,369
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $229,008 · Management $51,932 · Fundraising $29,752$310,692
IX-20 InterestPrograms $2,484,411 · Management $0 · Fundraising $0$2,484,411
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $8,603,683 · Management $0 · Fundraising $0$8,603,683
IX-23 InsurancePrograms $765,052 · Management $0 · Fundraising $0$765,052
IX-24 Other expenses (24a–d)Programs $2,635,457 · Management $668,043 · Fundraising $200,921$3,504,421
IX-24e All other expensesPrograms $1,110,623 · Management $186,143 · Fundraising $81,549$1,378,315
IX-25 Total functional expensesPrograms $140,079,692 · Management $9,436,259 · Fundraising $4,028,002$153,543,953
Part X · Balance sheet $587,334,493 assets, 28 lines filed
X-1 Cash, non-interest-bearingStart of year $14,120,652$18,576,201
X-2 Savings and temporary cash investmentsStart of year $21,310,947$23,980,144
X-3 Pledges and grants receivableStart of year $6,261,345$13,089,672
X-4 Accounts receivableStart of year $1,118,165$1,661,714
X-5 Loans to officers and key peopleStart of year $0$0
X-6 Loans to other insidersStart of year $0$0
X-7 Notes and loans receivableStart of year $603,536$128,998
X-8 Inventories for sale or useStart of year $494,182$619,155
X-9 Prepaid expenses and deferred chargesStart of year $675,003$443,616
X-10c Land, buildings and equipment, netStart of year $162,280,593$158,352,455
X-11 Publicly traded securitiesStart of year $263,492,696$250,146,086
X-12 Other securitiesStart of year $44,982,731$106,496,197
X-15 Other assetsStart of year $12,637,880$13,840,255
X-16 Total assetsStart of year $527,977,730$587,334,493
X-17 Accounts payable and accrued expensesStart of year $9,678,558$12,536,685
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $2,513,313$2,194,246
X-20 Tax-exempt bond liabilitiesStart of year $61,302,646$58,957,380
X-21 Escrow or custodial accountsStart of year $526,108$588,204
X-22 Loans from officers and insidersStart of year $0$0
X-23 Secured mortgages and notes payableStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $1,374,370$1,374,370
X-25 Other liabilitiesStart of year $18,094,952$15,063,245
X-26 Total liabilitiesStart of year $93,489,947$90,714,130
X-27 Net assets without donor restrictionsStart of year $264,454,778$285,359,241
X-28 Net assets with donor restrictionsStart of year $170,033,005$211,261,122
X-32 Total net assets or fund balancesStart of year $434,487,783$496,620,363
X-33 Total liabilities and net assetsStart of year $527,977,730$587,334,493
Part XI · Reconciliation of net assets $496,620,363 net assets at year end
XI-1 Total revenue$171,294,187
XI-2 Total expenses$153,543,953
XI-3 Revenue less expenses$17,750,234
XI-4 Net assets at start of year$434,487,783
XI-5 Net unrealized gains (losses) on investments$54,579,066
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets−$10,196,720
XI-10 Net assets at end of year$496,620,363

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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