Lehigh University FY2020 filing

Tax-deductible

Bethlehem, PA501(c)(3)Since 1866Colleges & UniversitiesEIN 24-0795445

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501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
$7.9M paid to officers and key staff.
Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
5 of 6
filings with a surplus
Average surplus $69.5M a year · 10% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$7.9M
to officers and key staff · 1% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
18
named funders · $632K
Looks good: 18 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$574.2M
23% of total assets
Looks good: liabilities are 23% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$506.8M
Spent
$524.4M
To programs
86%
Net assets
$2.0B
By yearFY2020–FY2025
Revenue
$506.8M
FY2020
Revenue by fiscal year
FY2020$506.8M
FY2021$589.8M
FY2022$713.3M
FY2023$695.4M
FY2024$748.5M
FY2025$840.1M
Expenses
$524.4M
FY2020
Expenses by fiscal year
FY2020$524.4M
FY2021$507.0M
FY2022$590.5M
FY2023$633.3M
FY2024$690.3M
FY2025$731.2M
Net assets
$2.0B
FY2020
Net assets by fiscal year
FY2020$2.0B
FY2021$2.5B
FY2022$2.4B
FY2023$2.4B
FY2024$2.6B
FY2025$2.7B

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 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 Apr 1938.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $451.7M Management & general 11% · $55.1M Fundraising 3% · $17.6M

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

46 people listed on the 990; $7.9M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Chief Investment Officer
$1,522,394Pt VII · Sec A
President
$914,361Pt VII · Sec A
$541,111Pt VII · Sec A
Dean, College of Bus & Econ
$494,800Pt VII · Sec A
VP, Advancement
$489,670Pt VII · Sec A
Professor
$460,531Pt VII · Sec A
VP Finance and Administration
$444,707Pt VII · Sec A
Vice Provost, Western Region
$427,830Pt VII · Sec A

Kristin Agatone’s $1.4M as Chief Investment Off. is at the 84th 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
Kristin Agatone$1,369,597$1,442,147$1,350,253$1,309,428$1,178,000$1,522,394
John D Simon$160,519$313,301$583,528$1,140,982$1,131,518$914,361
Joseph J Helble$1,084,009$957,276$888,235$339,665——
Nathaniel N Urban$732,579$668,637$769,530$626,639——
Michael D Gould$696,296$737,540$577,244$445,636——
Patrick V Farrell—$167,671$296,818$408,762$696,839$541,111
Georgette C Phillips$536,997$541,538$525,817$529,421$475,894$494,800
Paul Brockman$535,725$516,103$490,770$474,421$466,704$460,531

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.

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Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides higher education, fostering intellectual, physical, social, ethical, and spiritual development within a diverse, residential university community.

Provided by the organization

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3 program services account for $434.2M of program spending, described in the organization's own filed words · FY2019.
01

Instruction

Lehigh is an independent, coeducational university with programs offered in four colleges: arts and sciences, business and economics, education, and engineering and applied sciences. An interdisciplinary mindset has long been a part of the lehigh culture and is evident in the university's approach to teaching and research.

$347.8Mprogram expense
02

Research

Lehigh is committed to the pursuit of new knowledge, creative discovery, scholarly inquiry, and establishing a vibrant intellectual culture that pervades the campus community. Faculty research and creative work has been recognized nationally and internationally by high honors from peers, significant grants and funding, patents granted…

$43.9Mprogram expense
03

Auxiliary Services

Student life at lehigh creates a balanced educational experience that integrates formal studies with residential life and a vibrant array of student organizations and activities. Lehigh is a caring community deeply committed to harmonious cultural diversity as an essential element of the learning environment.

$42.5Mprogram expense

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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 18 funders →
Grants paid · 252 grants · $869.0M · 2019–2024
Unitemized GrantFY2024$166,491,934
Carnegie Mellon UniversityPA · FY2024$1,198,295
The Ohio State UniversityOH · FY2024$1,192,148
Cornell UniversityNY · FY2024$349,742
Drexel UniversityPA · FY2024$245,656
University of TexasFY2024$175,929
Florida Atlantic UniversityFY2024$151,058
Wichita State UniversityFY2024$117,897
See all 252 grants →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$506.8M
Ln 12
Fees for servicesLn 2g$370.1M
Gifts and grantsLn 1h$84.6M
Investment incomeLn 3$51.5M
Money outPt IX
$524.4M
Ln 25
Programscol B$451.7M
Managementcol C$55.1M
Fundraisingcol D$17.6M
Owns and owesPt X
$2.0B
net assets · Ln 32
Cash and savingsLn 1–2$65.2M
Total assetsLn 16$2.5B
LiabilitiesLn 26$574.2M
PeoplePt VI, VII
46
listed · VII A
PaidVII A18
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$84.6M
Government grantsLn 1e$39.5M
Noncash giftsLn 1g$11.5M
Fundraising eventsLn 1c$21K
Fees for servicesLn 2g$370.1M
Investment incomeLn 3$51.5M
Other incomeLn 4–11$591K
Gains on assetsLn 7$35.1M
Total revenueLn 12$506.8M
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$65.2M
Cash and savings togetherLn 1–2$65.2M
InvestmentsLn 11–13$1.79B
Land, buildings, equipmentLn 10c$609.9M
Other assetsLn 15$5.4M
Total assetsLn 16$2.5B
LiabilitiesLn 26$574.2M
Net assetsLn 32$2.0B
OperationsPt I, VI
EmployeesI 51,900
VolunteersI 61,613
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$44.7M$65.2M
InvestmentsLn 11–13$1.90B$1.79B
Land, buildings, equipmentLn 10c$551.2M$609.9M
Total assetsLn 16$2.56B$2.53B
LiabilitiesLn 26$557.5M$574.2M
Net assetsLn 32$2.00B$1.96B
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2.7M$2.7M
Grants to domestic individualsLn 2$117.9M$117.9M
Grants and assistance to foreign recipientsLn 3$5.2M$5.2M
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$4.8M$460K$3.4M$966K
Pay of disqualified personsLn 6$635K$635K
Other salaries and wagesLn 7$180.4M$154.9M$18.1M$7.4M
Pension plan contributionsLn 8$15.1M$12.9M$1.5M$724K
Other employee benefitsLn 9$31.4M$24.7M$5.3M$1.4M
Payroll taxesLn 10$11.9M$10.1M$1.2M$574K
Management feesLn 11a$0
Legal feesLn 11b$1.3M$115K$1.2M
Accounting feesLn 11c$906K$9K$897K
Lobbying feesLn 11d$147K$147K
Professional fundraising feesLn 11e$97K$97K
Investment management feesLn 11f$5.6M$5.6M
Other fees for servicesLn 11g$21.9M$17.2M$4.1M$531K
Advertising and promotionLn 12$1.8M$1.4M$136K$298K
Office expensesLn 13$21.1M$18.5M$1.7M$899K
Information technologyLn 14$5.6M$2.9M$2.5M$255K
RoyaltiesLn 15$0
OccupancyLn 16$34.3M$29.4M$3.3M$1.7M
TravelLn 17$6.0M$5.4M$243K$315K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$3.3M$2.8M$183K$361K
InterestLn 20$11.1M$9.5M$1.1M$536K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$31.7M$27.0M$3.2M$1.5M
InsuranceLn 23$1.8M$553K$1.3M
Other expenses (24a–d)Ln 24$7.6M$7.3M$274K$8K
Total functional expensesLn 25$524.4M$451.7M$55.1M$17.6M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $840.1M$731.2M$108.9M$2.7B 990 PDF
FY2024 $748.5M$690.3M$58.2M$2.6B 990 PDF
FY2023 $695.4M$633.3M$62.1M$2.4B 990 PDF
FY2022 $713.3M$590.5M$122.8M$2.4B 990 PDF
FY2021 $589.8M$507.0M$82.8M$2.5B 990 PDF
FY2020 Viewing $506.8M$524.4M−$17.6M$2.0B 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (4 parts)
Part VIII · Statement of revenue $506,773,429 across 13 lines filed
VIII-1c Fundraising events$20,675
VIII-1e Government grants$39,525,684
VIII-1f All other contributions, gifts and grants$45,048,980
VIII-1g Noncash contributions (included above)$11,487,684
VIII-1h Total contributions, gifts and grants$84,595,339
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $369,166,697 · Unrelated business $944,707$370,111,404
VIII-3 Investment incomeUnrelated business −$679,838 · Excluded from tax $17,095,597$16,415,759
VIII-5 RoyaltiesExcluded from tax $386,030$386,030
VIII-6 Net rental income or lossUnrelated business $990 · Excluded from tax $415,731$416,721
VIII-7 Net gain or loss on sales of assetsExcluded from tax $35,059,539$35,059,539
VIII-8 Net income from fundraising eventsExcluded from tax −$11,363−$11,363
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission −$200,000−$200,000
VIII-12 Total revenueRelated to mission $368,966,697 · Unrelated business $265,859 · Excluded from tax $52,945,534$506,773,429
Part IX · Statement of functional expenses $524,370,908 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $2,737,252$2,737,252
IX-2 Grants to domestic individualsPrograms $117,949,654$117,949,654
IX-3 Grants and assistance to foreign recipientsPrograms $5,186,795$5,186,795
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $459,973 · Management $3,372,426 · Fundraising $966,412$4,798,811
IX-6 Pay of disqualified personsPrograms $635,103$635,103
IX-7 Other salaries and wagesPrograms $154,861,867 · Management $18,131,419 · Fundraising $7,419,134$180,412,420
IX-8 Pension plan contributionsPrograms $12,892,271 · Management $1,491,143 · Fundraising $723,987$15,107,401
IX-9 Other employee benefitsPrograms $24,725,858 · Management $5,329,918 · Fundraising $1,387,610$31,443,386
IX-10 Payroll taxesPrograms $10,103,119 · Management $1,194,777 · Fundraising $573,682$11,871,578
IX-11a Management fees$0
IX-11b Legal feesPrograms $114,538 · Management $1,158,670$1,273,208
IX-11c Accounting feesPrograms $8,761 · Management $896,979$905,740
IX-11d Lobbying feesPrograms $146,750$146,750
IX-11e Professional fundraising feesFundraising $96,689$96,689
IX-11f Investment management feesManagement $5,605,613$5,605,613
IX-11g Other fees for servicesPrograms $17,224,135 · Management $4,096,710 · Fundraising $531,113$21,851,958
IX-12 Advertising and promotionPrograms $1,370,583 · Management $135,910 · Fundraising $297,515$1,804,008
IX-13 Office expensesPrograms $18,505,920 · Management $1,723,721 · Fundraising $899,085$21,128,726
IX-14 Information technologyPrograms $2,871,388 · Management $2,473,162 · Fundraising $255,094$5,599,644
IX-15 Royalties$0
IX-16 OccupancyPrograms $29,353,999 · Management $3,278,531 · Fundraising $1,666,799$34,299,329
IX-17 TravelPrograms $5,435,363 · Management $242,778 · Fundraising $315,398$5,993,539
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $2,760,028 · Management $182,815 · Fundraising $361,118$3,303,961
IX-20 InterestPrograms $9,451,451 · Management $1,085,141 · Fundraising $535,822$11,072,414
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $27,004,464 · Management $3,193,501 · Fundraising $1,533,386$31,731,351
IX-23 InsurancePrograms $552,804 · Management $1,267,175$1,819,979
IX-24 Other expenses (24a–d)Programs $7,314,095 · Management $273,784 · Fundraising $7,720$7,595,599
IX-25 Total functional expensesPrograms $451,666,171 · Management $55,134,173 · Fundraising $17,570,564$524,370,908
Part X · Balance sheet $2,533,120,795 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $0$0
X-2 Savings and temporary cash investmentsStart of year $44,655,017$65,163,545
X-3 Pledges and grants receivableStart of year $48,331,227$47,870,147
X-4 Accounts receivableStart of year $6,000,225$5,770,594
X-8 Inventories for sale or useStart of year $1,530,842$1,566,583
X-9 Prepaid expenses and deferred chargesStart of year $5,847,292$3,987,740
X-10c Land, buildings and equipment, netStart of year $551,162,802$609,863,102
X-11 Publicly traded securitiesStart of year $580,115,019$458,925,835
X-12 Other securitiesStart of year $1,309,696,826$1,326,996,024
X-13 Program-related investmentsStart of year $7,670,782$7,616,545
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $7,385,448$5,360,680
X-16 Total assetsStart of year $2,562,395,480$2,533,120,795
X-17 Accounts payable and accrued expensesStart of year $49,079,974$46,934,613
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $18,460,203$16,357,828
X-20 Tax-exempt bond liabilitiesStart of year $199,551,197$193,279,977
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $121,193,200$148,439,558
X-26 Total liabilitiesStart of year $557,464,358$574,222,858
X-27 Net assets without donor restrictionsStart of year $968,970,172$934,631,863
X-28 Net assets with donor restrictionsStart of year $1,035,960,950$1,024,266,074
X-32 Total net assets or fund balancesStart of year $2,004,931,122$1,958,897,937
X-33 Total liabilities and net assetsStart of year $2,562,395,480$2,533,120,795
Part XI · Reconciliation of net assets $1,958,897,937 net assets at year end
XI-1 Total revenue$506,773,429
XI-2 Total expenses$524,370,908
XI-3 Revenue less expenses−$17,597,479
XI-4 Net assets at start of year$2,004,931,122
XI-5 Net unrealized gains (losses) on investments−$7,513,968
XI-9 Other changes in net assets−$20,921,738
XI-10 Net assets at end of year$1,958,897,937

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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