Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1944.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
79 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
46 people listed on the 990; $2.6M paid to officers and key staff (Part VII, Section A).
Part VII, Section A · reportable compensation
President
$674,989Pt VII · Sec A
Executive VP College Advancement
$285,283Pt VII · Sec A
VP Finance & Admin CFO/Treasurer
$204,418Pt VII · Sec A
VP Enrollment Mgmt
$171,953Pt VII · Sec A
Professor
$171,416Pt VII · Sec A
Provost
$169,087Pt VII · Sec A
Chief Information Officer
$159,378Pt VII · Sec A
Athletic Dir/Head Football Coach
$143,672Pt VII · Sec A
VP Student Life
$140,358Pt VII · Sec A
Assoc VP HR & Compliance
$121,450Pt VII · Sec A
Professor
$119,790Pt VII · Sec A
Professor
$119,625Pt VII · Sec A
Asst to Pres/Chief Diversi
$117,829Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee (until 05/25)
$0Pt VII · Sec A
Trustee (until 05/25)
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Assistant Secretary
$0Pt VII · Sec A
Assistant Secretary
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Dr Kent C Trachte’s $675K as President is at the 95th percentile of top reported officer pay among 3683 $10–100M 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
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Dr Kent C Trachte | $674,989 | $400,578 | $498,286 | $348,669 | $352,084 | $424,953 |
| Charles W Edmonds | $285,283 | $270,998 | $332,602 | $207,754 | $207,492 | $179,763 |
| Jeffrey L Bennett CPA | $204,418 | $209,937 | $205,339 | $193,600 | $180,419 | $172,156 |
| Dr Philip W Sprunger | $171,416 | $206,597 | $197,143 | $193,237 | $187,494 | $182,481 |
| Michael J Konopski | — | $119,117 | $174,289 | $162,669 | $151,911 | $145,886 |
| Richard Hinton | $171,953 | $55,151 | — | — | — | — |
| Dr Sandra Kingery | $169,087 | — | — | — | — | — |
| Robert L Dunkleberger | $159,378 | $155,986 | $147,888 | $139,950 | $126,227 | $120,678 |
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 Lycoming 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 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Offers a distinguished liberal arts and sciences education.
Questions for Lycoming College
Your first name shows with your question. Lycoming College answers here, for everyone.
1 program · $70.8M · in their own filed words · FY2024
01
Lycoming college is a four-year liberal arts based, co-educational, independent college whose primary function is the presentation of formal instruction. The college has a regular faculty, a regularly scheduled curriculum (consisting of fall, spring, may and summer term), and a regularly enrolled student body in attendance at its campus…
Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 24-0795965) · Dispute this line$70.8Mprogram 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
Total grants receivedfrom 1 funder$219K
Grants paid · 12 grants · $209.3M · 2019–2024
Unitemized GrantFY2024$35,563,048
Unitemized GrantFY2024$171,372
Unitemized GrantFY2023$36,059,468
Unitemized GrantFY2023$204,617
Unitemized GrantFY2022$35,109,683
Unitemized GrantFY2022$190,064
Unitemized GrantFY2021$34,814,392
Unitemized GrantFY2021$192,448
Unitemized GrantFY2020$32,954,853
Unitemized GrantFY2020$211,412
Unitemized GrantFY2019$33,662,052
Unitemized GrantFY2019$176,248
Federal money
Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Jun 2025 · $10.1M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$6.7M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$2.6M
Grants to Reduce Domestic Violence, Dating Violence, Sexual Assault, and Stalking on CampusDepartment of Justice · ALN 16.525 · Direct$168K
Federal Perkins LoansDepartment of Education · ALN 84.038 · Direct$164K
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$161K
Plus 6 smaller programs.
The auditor reported no findings.
Year ending Jun 2024 · $10.7M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$7.2M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$2.3M
Stem Education (formerly Education and Human Resources)National Science Foundation · ALN 47.076 · Direct$308K
Federal Perkins Loan Program_federal Capital ContributionsDepartment of Education · ALN 84.038 · Direct$253K
Federal Supplemental Educational Opportunity GrantsDepartment of Education · ALN 84.007 · Direct$153K
Plus 7 smaller programs.
The auditor reported no findings.
Year ending Jun 2023 · $10.4M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$7.2M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$2.2M
Federal Perkins Loan ProgramDepartment of Education · ALN 84.038 · Direct$341K
Disaster Grants - Public Assistance (presidentially Declared Disasters)Department of Homeland Security · ALN 97.036 · Direct$314K
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$166K
Plus 3 smaller programs.
The auditor reported no findings.
Year ending Jun 2022 · $15.2M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$7.4M
Covid-19 - Higher Education Emergency Relief Fund (heerf) - Student Aid PortionDepartment of Education · ALN 84.425 · Direct$4.6M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$2.3M
Federal Perkins Loans ProgramDepartment of Education · ALN 84.038 · Direct$492K
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$171K
Plus 4 smaller programs.
The auditor reported no findings.
By the numbers
The FY2025 990, line by line.
Download 990
1The main four
Money inPt VIII
$87.4M
Ln 12
Fees for servicesLn 2g$60.5M
Other incomeLn 4–11$17.6M
Gifts and grantsLn 1h$7.4M
Money outPt IX
$89.3M
Ln 25
Programscol B$70.8M
Managementcol C$16.9M
Fundraisingcol D$1.6M
Owns and owesPt X
$262.2M
net assets · Ln 32
Cash and savingsLn 1–2$6.1M
Total assetsLn 16$312.5M
LiabilitiesLn 26$50.3M
PeoplePt VI, VII
46
listed · VII A
PaidVII A13
Voting boardVI 1a32
IndependentVI 1b31
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$7.4M
Government grantsLn 1e$947K
Noncash giftsLn 1g$803K
Fees for servicesLn 2g$60.5M
Investment incomeLn 3$1.8M
Other incomeLn 4–11$17.6M
Gains on assetsLn 7$17.4M
Total revenueLn 12$87.4M
Assets in detailPt X, end of year
CashLn 1$108K
SavingsLn 2$5.9M
Cash and savings togetherLn 1–2$6.1M
Pledges and grants receivableLn 3$1.9M
Accounts receivableLn 4$27K
Notes and loans receivableLn 7$391K
Land, buildings, equipmentLn 10c$88.2M
InvestmentsLn 11–13$203.9M
Other assetsLn 15$11.9M
Total assetsLn 16$312.5M
LiabilitiesLn 26$50.3M
Net assetsLn 32$262.2M
OperationsPt I, VI
EmployeesI 51,023
VolunteersI 649
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$35.1M
Bond issues listedSch K Pt I2
Raised by those issuesSch K Pt I$36.4M
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$803K
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$252K
Share of the $201.9M endowmentSch D 1g0.12%
Typical, median of 2,202 orgs0.44%
EndowmentSch D · Pt V
| Line | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|
| End of yearLn 1g | $201.9M | $191.1M | $175.1M | $190.2M | $229.6M |
| AddedLn 1b | $2.1M | $2.3M | $2.2M | $1.6M | $796K |
| SpentLn 1d–1f | $17.5M | $13.1M | $36.8M | $22.2M | $11.9M |
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $4.5M | $6.1M |
| InvestmentsLn 11–13 | $199.4M | $203.9M |
| Land, buildings, equipmentLn 10c | $92.6M | $88.2M |
| Total assetsLn 16 | $312.4M | $312.5M |
| LiabilitiesLn 26 | $54.3M | $50.3M |
| Net assetsLn 32 | $258.1M | $262.2M |
5Every line
Statement of functional expensesPt IX · every line
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $35.7M | $35.7M | ||
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $3.2M | $1.2M | $2.0M | |
| Pay of disqualified personsLn 6 | $12K | $12K | ||
| Other salaries and wagesLn 7 | $17.4M | $14.1M | $2.2M | $1.0M |
| Pension plan contributionsLn 8 | $1.2M | $928K | $147K | $75K |
| Other employee benefitsLn 9 | $4.3M | $3.2M | $863K | $197K |
| Payroll taxesLn 10 | $1.2M | $990K | $191K | $67K |
| Legal feesLn 11b | $264K | $264K | ||
| Accounting feesLn 11c | $109K | $109K | ||
| Investment management feesLn 11f | $252K | $155K | $98K | |
| Other fees for servicesLn 11g | $6.4M | $5.3M | $1.1M | $50K |
| Advertising and promotionLn 12 | $1.6M | $1.2M | $355K | $27K |
| Office expensesLn 13 | $4.7M | $3.7M | $938K | $106K |
| OccupancyLn 16 | $2.2M | $939K | $1.3M | |
| TravelLn 17 | $1.2M | $1.1M | $47K | $83K |
| InterestLn 20 | $1.8M | $1.5M | $325K | |
| Depreciation, depletion and amortizationLn 22 | $5.8M | $305K | $5.5M | |
| InsuranceLn 23 | $1.1M | $168K | $954K | |
| Other expenses (24a–d)Ln 24 | $530K | $84K | $415K | $31K |
| All other expensesLn 24e | $229K | $185K | $43K | $828 |
| Total functional expensesLn 25 | $89.3M | $70.8M | $16.9M | $1.6M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest ViewingFiled with the IRS May 13, 2026 | $87.4M | $89.3M | −$1.9M | $262.2M | 990 PDF |
| FY2024Filed with the IRS May 14, 2025 | $85.1M | $88.8M | −$3.8M | $258.1M | 990 PDF |
| FY2023Filed with the IRS May 14, 2024 | $72.2M | $86.9M | −$14.7M | $249.2M | 990 PDF |
| FY2022Filed with the IRS May 15, 2023 | $89.4M | $85.6M | $3.8M | $249.1M | 990 PDF |
| FY2021Filed with the IRS May 5, 2022 | $88.7M | $77.7M | $11.0M | $272.1M | 990 PDF |
| FY2020Filed with the IRS May 17, 2021 | $68.9M | $78.0M | −$9.1M | $225.9M | 990 PDF |
Schedules filed Part IV
A · Public support
B · Donors
D · Assets and endowments
E · Schools
I · Grants
J · Pay
K · Bonds
L · Interested persons
M · Noncash
O · Explanations
See the full FY2025 990
Part I · Summary $87,407,769 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $7,746,806$7,401,736
I-9 Program service revenuePrior year $61,619,462$60,539,419
I-10 Investment incomePrior year $15,399,213$19,191,772
I-11 Other revenuePrior year $319,817$274,842
I-12 Total revenuePrior year $85,085,298$87,407,769
I-13 Grants and similar amounts paidPrior year $36,264,085$35,734,420
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $26,725,580$27,241,195
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $25,852,510$26,351,894
I-18 Total expensesPrior year $88,842,175$89,327,509
I-19 Revenue less expensesPrior year −$3,756,877−$1,919,740
Part VI · Governance 31 of 32 board members independent, no flags
VI-1a Voting members of the governing body32
VI-1b Independent voting members31
VI-2 Family or business relationship among officers or directorsNo
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 $87,407,769 across 11 lines filed
Lines not itemized here account for $84,020 of total revenue; see the IRS return.
VIII-1a Federated campaigns$11,500
VIII-1e Government grants$946,869
VIII-1f All other contributions, gifts and grants$6,443,367
VIII-1g Noncash contributions (included above)$802,785
VIII-1h Total contributions, gifts and grants$7,401,736
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $60,165,232 · Unrelated business $374,187$60,539,419
VIII-3 Investment incomeExcluded from tax $1,818,619$1,818,619
VIII-6 Net rental income or lossUnrelated business $51,274 · Excluded from tax $6,509$57,783
VIII-7 Net gain or loss on sales of assetsExcluded from tax $17,373,153$17,373,153
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $23,891 · Excluded from tax $109,148$133,039
VIII-12 Total revenueRelated to mission $60,199,415 · Unrelated business $449,352 · Excluded from tax $19,357,266$87,407,769
Part IX · Statement of functional expenses $89,327,509 across 20 lines filed
IX-2 Grants to domestic individualsPrograms $35,734,420$35,734,420
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $1,194,355 · Management $1,979,898$3,174,253
IX-6 Pay of disqualified personsManagement $12,500$12,500
IX-7 Other salaries and wagesPrograms $14,140,156 · Management $2,216,995 · Fundraising $1,005,760$17,362,911
IX-8 Pension plan contributionsPrograms $927,952 · Management $147,374 · Fundraising $74,727$1,150,053
IX-9 Other employee benefitsPrograms $3,232,278 · Management $863,327 · Fundraising $197,382$4,292,987
IX-10 Payroll taxesPrograms $990,073 · Management $190,954 · Fundraising $67,464$1,248,491
IX-11b Legal feesManagement $264,036$264,036
IX-11c Accounting feesManagement $109,253$109,253
IX-11f Investment management feesPrograms $154,655 · Management $97,510$252,165
IX-11g Other fees for servicesPrograms $5,293,763 · Management $1,088,416 · Fundraising $49,986$6,432,165
IX-12 Advertising and promotionPrograms $1,197,829 · Management $355,290 · Fundraising $27,011$1,580,130
IX-13 Office expensesPrograms $3,652,214 · Management $937,898 · Fundraising $106,099$4,696,211
IX-16 OccupancyPrograms $938,883 · Management $1,306,599$2,245,482
IX-17 TravelPrograms $1,078,201 · Management $47,098 · Fundraising $83,051$1,208,350
IX-20 InterestPrograms $1,523,228 · Management $325,027$1,848,255
IX-22 Depreciation, depletion and amortizationPrograms $305,296 · Management $5,530,140$5,835,436
IX-23 InsurancePrograms $168,130 · Management $953,504$1,121,634
IX-24 Other expenses (24a–d)Programs $83,549 · Management $414,844 · Fundraising $31,245$529,638
IX-24e All other expensesPrograms $185,410 · Management $42,901 · Fundraising $828$229,139
IX-25 Total functional expensesPrograms $70,800,392 · Management $16,883,564 · Fundraising $1,643,553$89,327,509
Part X · Balance sheet $312,506,347 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $87,811$108,393
X-2 Savings and temporary cash investmentsStart of year $4,372,546$5,945,735
X-3 Pledges and grants receivableStart of year $3,283,697$1,940,301
X-4 Accounts receivableStart of year $18,797$27,336
X-7 Notes and loans receivableStart of year $495,607$391,063
X-10c Land, buildings and equipment, netStart of year $92,553,096$88,217,183
X-11 Publicly traded securitiesStart of year $198,015,473$202,984,345
X-12 Other securitiesStart of year $1,397,317$957,964
X-15 Other assetsStart of year $12,138,876$11,934,027
X-16 Total assetsStart of year $312,363,220$312,506,347
X-17 Accounts payable and accrued expensesStart of year $1,473,630$1,228,747
X-20 Tax-exempt bond liabilitiesStart of year $36,225,000$35,090,000
X-23 Secured mortgages and notes payableStart of year $5,360,000$3,305,000
X-25 Other liabilitiesStart of year $11,247,590$10,703,600
X-26 Total liabilitiesStart of year $54,306,220$50,327,347
X-27 Net assets without donor restrictionsStart of year $190,713,000$193,150,000
X-28 Net assets with donor restrictionsStart of year $67,344,000$69,029,000
X-32 Total net assets or fund balancesStart of year $258,057,000$262,179,000
X-33 Total liabilities and net assetsStart of year $312,363,220$312,506,347
Part XI · Reconciliation of net assets $262,179,000 net assets at year end
XI-1 Total revenue$87,407,769
XI-2 Total expenses$89,327,509
XI-3 Revenue less expenses−$1,919,740
XI-4 Net assets at start of year$258,057,000
XI-5 Net unrealized gains (losses) on investments$6,005,327
XI-9 Other changes in net assets$36,413
XI-10 Net assets at end of year$262,179,000
Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File
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