Lycoming College: FY2020 Nonprofit Profile & Form 990 (EIN 24-0795965)

Revenue by fiscal year
FY2020	$68.9M
FY2021	$88.7M
FY2022	$89.4M
FY2023	$72.2M
FY2024	$85.1M
FY2025	$87.4M

Expenses by fiscal year
FY2020	$78.0M
FY2021	$77.7M
FY2022	$85.6M
FY2023	$86.9M
FY2024	$88.8M
FY2025	$89.3M

Net assets by fiscal year
FY2020	$225.9M
FY2021	$272.1M
FY2022	$249.1M
FY2023	$249.2M
FY2024	$258.1M
FY2025	$262.2M

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

83 cents of each dollar spent went to programs.

83%

15%

Program services 83% · $64.7M Management & general 15% · $11.9M Fundraising 2% · $1.4M

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

47 people listed on the 990; $1.9M 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

Dr Kent C Trachte

President

$424,953Pt VII · Sec A

Dr Philip W Sprunger

Provost

$182,481Pt VII · Sec A

Charles W Edmonds

Executive VP College Advancement

$179,763Pt VII · Sec A

Jeffrey L Bennett CPA

VP Finance & Admin CFO/Treasurer

$172,156Pt VII · Sec A

Michael J Konopski

VP Enrollment Management

$145,886Pt VII · Sec A

Michael Clark

Athletic Dir/Head Football Coach

$131,449Pt VII · Sec A

Daniel P Miller

VP Student Life

$126,217Pt VII · Sec A

Robert L Dunkleberger

Chief Information Officer

$120,678Pt 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.

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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

Offers a distinguished liberal arts and sciences education.

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Provided by the organization

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1 program · $64.7M · in their own filed words · FY2019

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…

$64.7Mprogram 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

First Community Foundation Partnership of PennsylvaniaFY2025$219K

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

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$68.9M

Ln 12

Fees for servicesLn 2g$57.9M

Gifts and grantsLn 1h$7.3M

Investment incomeLn 3$3.0M

Money outPt IX

$78.0M

Ln 25

Programscol B$64.7M

Managementcol C$11.9M

Fundraisingcol D$1.4M

Owns and owesPt X

$225.9M

net assets · Ln 32

Cash and savingsLn 1–2$7.8M

Total assetsLn 16$279.7M

LiabilitiesLn 26$53.8M

PeoplePt VI, VII

47

listed · VII A

PaidVII A12

Voting boardVI 1a35

IndependentVI 1b34

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$7.3M

Government grantsLn 1e$2.5M

Noncash giftsLn 1g$797K

Fees for servicesLn 2g$57.9M

Investment incomeLn 3$3.0M

Other incomeLn 4–11$692K

Gains on assetsLn 7$1.3M

Total revenueLn 12$68.9M

Assets in detailPt X, end of year

CashLn 1$2.6M

SavingsLn 2$5.1M

Cash and savings togetherLn 1–2$7.8M

InvestmentsLn 11–13$185.0M

Land, buildings, equipmentLn 10c$72.7M

Other assetsLn 15$7.2M

Total assetsLn 16$279.7M

LiabilitiesLn 26$53.8M

Net assetsLn 32$225.9M

OperationsPt I, VI

EmployeesI 51,023

VolunteersI 649

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

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$2.0M	$7.8M
InvestmentsLn 11–13	$204.4M	$185.0M
Land, buildings, equipmentLn 10c	$68.8M	$72.7M
Total assetsLn 16	$291.9M	$279.7M
LiabilitiesLn 26	$55.8M	$53.8M
Net assetsLn 32	$236.1M	$225.9M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$33.8M	$33.8M
Pay of current officers, directors and key staffLn 5	$1.5M	$350K	$1.2M
Other salaries and wagesLn 7	$16.3M	$13.4M	$2.1M	$879K
Pension plan contributionsLn 8	$1.1M	$923K	$140K	$71K
Other employee benefitsLn 9	$3.5M	$2.8M	$676K	$96K
Payroll taxesLn 10	$1.1M	$921K	$162K	$60K
Legal feesLn 11b	$22K		$22K
Accounting feesLn 11c	$78K		$78K
Investment management feesLn 11f	$545K	$467K	$78K
Other fees for servicesLn 11g	$4.1M	$3.4M	$662K	$40K
Advertising and promotionLn 12	$1.2M	$1.0M	$91K	$36K
Office expensesLn 13	$5.0M	$3.6M	$1.3M	$97K
OccupancyLn 16	$1.4M	$471K	$953K
TravelLn 17	$745K	$621K	$67K	$57K
InterestLn 20	$1.4M	$1.4M	$34K
Depreciation, depletion and amortizationLn 22	$3.9M	$596K	$3.3M
InsuranceLn 23	$768K	$106K	$662K
Other expenses (24a–d)Ln 24	$510K	$61K	$415K	$34K
All other expensesLn 24e	$932K	$829K	$99K	$5K
Total functional expensesLn 25	$78.0M	$64.7M	$11.9M	$1.4M

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$87.4M	$89.3M	−$1.9M	$262.2M	990 PDF
FY2024	$85.1M	$88.8M	−$3.8M	$258.1M	990 PDF
FY2023	$72.2M	$86.9M	−$14.7M	$249.2M	990 PDF
FY2022	$89.4M	$85.6M	$3.8M	$249.1M	990 PDF
FY2021	$88.7M	$77.7M	$11.0M	$272.1M	990 PDF
FY2020 Viewing	$68.9M	$78.0M	−$9.1M	$225.9M	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 (6 parts)

Part I · Summary $68,926,133 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $9,288,488$7,324,564

I-9 Program service revenuePrior year $56,804,120$57,899,223

I-10 Investment incomePrior year $8,021,730$3,010,619

I-11 Other revenuePrior year $892,964$691,727

I-12 Total revenuePrior year $75,007,302$68,926,133

I-13 Grants and similar amounts paidPrior year $32,002,957$33,838,300

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $23,231,374$23,632,741

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $19,938,216$20,523,059

I-18 Total expensesPrior year $75,172,547$77,994,100

I-19 Revenue less expensesPrior year −$165,245−$9,067,967

Part VI · Governance 34 of 35 board members independent, no flags

VI-1a Voting members of the governing body35

VI-1b Independent voting members34

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 $68,926,133 across 11 lines filed

Lines not itemized here account for $144,946 of total revenue; see the IRS return.

VIII-1a Federated campaigns$10,000

VIII-1e Government grants$2,536,213

VIII-1f All other contributions, gifts and grants$4,778,351

VIII-1g Noncash contributions (included above)$797,337

VIII-1h Total contributions, gifts and grants$7,324,564

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $57,899,223$57,899,223

VIII-3 Investment incomeExcluded from tax $1,732,244$1,732,244

VIII-6 Net rental income or lossExcluded from tax $2,123$2,123

VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,278,375$1,278,375

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $355,748 · Excluded from tax $188,910$544,658

VIII-12 Total revenueRelated to mission $57,934,224 · Unrelated business $367,534 · Excluded from tax $3,299,811$68,926,133

Part IX · Statement of functional expenses $77,994,100 across 19 lines filed

IX-2 Grants to domestic individualsPrograms $33,838,300$33,838,300

IX-5 Pay of current officers, directors and key staffPrograms $350,451 · Management $1,167,244$1,517,695

IX-7 Other salaries and wagesPrograms $13,366,491 · Management $2,064,451 · Fundraising $879,102$16,310,044

IX-8 Pension plan contributionsPrograms $923,069 · Management $139,859 · Fundraising $71,211$1,134,139

IX-9 Other employee benefitsPrograms $2,756,125 · Management $675,833 · Fundraising $96,307$3,528,265

IX-10 Payroll taxesPrograms $920,947 · Management $161,733 · Fundraising $59,918$1,142,598

IX-11b Legal feesManagement $22,303$22,303

IX-11c Accounting feesManagement $78,059$78,059

IX-11f Investment management feesPrograms $467,162 · Management $78,315$545,477

IX-11g Other fees for servicesPrograms $3,355,968 · Management $661,625 · Fundraising $40,101$4,057,694

IX-12 Advertising and promotionPrograms $1,045,918 · Management $90,878 · Fundraising $36,421$1,173,217

IX-13 Office expensesPrograms $3,607,308 · Management $1,252,760 · Fundraising $97,293$4,957,361

IX-16 OccupancyPrograms $471,485 · Management $953,150$1,424,635

IX-17 TravelPrograms $620,545 · Management $67,127 · Fundraising $56,944$744,616

IX-20 InterestPrograms $1,386,707 · Management $33,550$1,420,257

IX-22 Depreciation, depletion and amortizationPrograms $595,830 · Management $3,294,204$3,890,034

IX-23 InsurancePrograms $105,930 · Management $661,640$767,570

IX-24 Other expenses (24a–d)Programs $60,958 · Management $414,609 · Fundraising $34,084$509,651

IX-24e All other expensesPrograms $828,962 · Management $98,698 · Fundraising $4,525$932,185

IX-25 Total functional expensesPrograms $64,702,156 · Management $11,916,038 · Fundraising $1,375,906$77,994,100

Part X · Balance sheet $279,702,335 assets, 17 lines filed

Asset lines not itemized here account for $1,081,127; see the IRS return.

X-1 Cash, non-interest-bearingStart of year $587,376$2,634,777

X-2 Savings and temporary cash investmentsStart of year $1,400,427$5,118,276

X-3 Pledges and grants receivableStart of year $6,974,627$5,961,625

X-4 Accounts receivableStart of year $46,328$31,742

X-10c Land, buildings and equipment, netStart of year $68,834,761$72,652,744

X-11 Publicly traded securitiesStart of year $200,833,124$181,650,782

X-12 Other securitiesStart of year $3,602,244$3,348,701

X-15 Other assetsStart of year $8,459,749$7,222,561

X-16 Total assetsStart of year $291,884,213$279,702,335

X-17 Accounts payable and accrued expensesStart of year $5,513,319$975,972

X-20 Tax-exempt bond liabilitiesStart of year $40,850,000$40,020,000

X-25 Other liabilitiesStart of year $8,786,232$8,388,710

X-26 Total liabilitiesStart of year $55,784,551$53,758,735

X-27 Net assets without donor restrictionsStart of year $184,341,951$163,139,000

X-28 Net assets with donor restrictionsStart of year $51,757,711$62,804,600

X-32 Total net assets or fund balancesStart of year $236,099,662$225,943,600

X-33 Total liabilities and net assetsStart of year $291,884,213$279,702,335

Part XI · Reconciliation of net assets $225,943,600 net assets at year end

XI-1 Total revenue$68,926,133

XI-2 Total expenses$77,994,100

XI-3 Revenue less expenses−$9,067,967

XI-4 Net assets at start of year$236,099,662

XI-5 Net unrealized gains (losses) on investments−$864,565

XI-9 Other changes in net assets−$223,530

XI-10 Net assets at end of year$225,943,600

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

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Lycoming College FY2020 filing

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