Collegian INC EIN 24-0861373 Form 990 (PDF) Claim this org

Collegian INC

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Publish a collegiate newspaper, offering students valuable real-world experience. For fiscal year 2025 it reported $491K in revenue, $578K in expenses, and $1.4M in net assets.Pt I

Type
Supporting organization · Education
Location
University Pk, PA
Website
www.collegian.psu.edu
Filings
5 on file (2021–2025)
Revenue
$491KFY2025
Expenses
$578K
Net assets
$1.4M
People
13
Filings
5
Updates
0
More identity details & actions ⌄
EIN  24-0861373 Supporting organization University Pk, PA
Form 990 (PDF)
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Size
$100K–1M
What they do
Publish a collegiate newspaper, offering students valuable real-world experience.
Leadership
Wayne Lowman · Gen Mgr/Secretary Until Sept 2024 · $80K
Money in and out
$491K revenue, $578K expenses
Bottom line
-18% net inflow
Money in and out · FY2025
Total revenue
$491K
Pt VIII · Ln 12
Total expenses
$578K
Pt IX · Ln 25
Net assets
$1.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$87K
Where spending went · Part IX cols B–D
Program services $0.84 Management & general $0.16
Net inflow
-18%
revenue over expenses, this year▼ -952% vs prior filing year
Pass-through gifts
3%
of revenue from contributions▼ -16% vs prior filing year
Program spending
84%
of expenses reach stated programs▲ +2% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$491K
FY2025▼ -17%
Expenses
$578K
FY2025-0.4%
Total assets
$1.5M
FY2025▼ -5%
Total liabilities
$138K
FY2025▲ +0.6%
Total revenue
$491K
Pt VIII · Ln 12
Total expenses
$578K
Pt IX · Ln 25
Net assets
$1.4M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$87K
Total assetsPt X · Ln 16$1.5M
Program-expense ratioPt IX · col B84%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCollegian INC
EINHdr · item D24-0861373
Principal addressHdr · item CUniversity Pk, PA
WebsiteHdr · item Jwww.collegian.psu.edu
Year of formationHdr · item Lpending
State of legal domicileHdr · item MPA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B99)
Ruling yearIRS BMFJul 2004

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Gen Mgr/Secretary Until Sept 2024
$79,787Pt VII · Sec A
General Manager as of Sept 2024
$18,750Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Wayne Lowman’s $80K as Gen Mgr/Secretary Until Sept 2024 is at the 72nd percentile of top reported officer pay among 1615 $100K–1M 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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Wayne Lowman$79,787$94,729$88,821$84,931$87,481
Brent Addleman$18,750

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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Mission & Programs · Part III

Where the work happens

2 program services account for $483K of program spending, described in the organization's own filed words · FY2024.
01

The collegian educates students about the fields of journalism, business, management, and publishing by supervising the preparation, printing, and distribution of the daily collegian, the weekly collegian, and the collegian magazine, P.S, and the daily collegian online.

$350Kprogram expense
02

The collegian offers scholarships to encourage students to participate on the staff of the student newspaper and to assist students in paying for their college education at penn state.

$133Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$414K · 84%
Investment income$61K · 12%
Contributions & grants$15K · 3%
Program service revenue84%$414K
Investment income12%$61K
Contributions & grants3%$15K
Other revenue$1K
Total revenueLn 12$491K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.84 Management & general $0.16
Program services84%$483K
Management & general16%$95K
Total functional expensesLn 25$578K

Balance Sheet

Part X · end of year
CashLn 1$1.3M
Total assetsLn 16$1.5M
Total liabilitiesLn 26$138K
Total net assetsLn 32$1.4M
Months of cash on handcomputed26.5

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.3M · Operating expenses/yr $578K
27.1 months
Where the money goes
Program services
Program services $483K · Total expenses $578K
84%
Management & General
Management & general $95K · Total expenses $578K
16%
Fundraising
Fundraising $0 · Total expenses $578K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $12K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $15K · Total revenue $491K
3%
Government reliance
Government grants — · Total revenue $491K
Earned-income share
Program service revenue $414K · Total revenue $491K
84%
Investment reliance
Investment income $61K · Total revenue $491K
+12%
Program self-sufficiency
Program service revenue $414K · Total expenses $578K
72%
Growth & trend
Revenue growth (YoY)
This year $491K · Prior year $593K
-17%
Revenue CAGR
FY2020 $813K · FY2024 $491K
-12%
Net-asset trend (YoY)
End of year $1.4M · Beginning of year $1.5M
-6%
Balance sheet
Surplus Margin
Revenue $491K · Expenses $578K
-18%
Liabilities-to-Assets
Total liabilities $138K · Total assets $1.5M
9%
Net-asset ratio
Net assets $1.4M · Total assets $1.5M
91%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $25K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.5M
2%
People & payroll
Highest Reported Total Compensation
Individual Wayne Lowman · Reported title GEN MGR/SECRETARY UNTIL SEPT 2024 · Highest reported compensation $80K · Total expenses $578K
14%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $309K · Total expenses $578K
54%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 84%
Overhead ratio 16%
Fundraising cost ratio 0%
Revenue growth -17%
Legal fee ratio 1%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$5K
Grants paid · 10 grants · $613K · 2020–2024
Unitemized GrantFY2024$129,360
Unitemized GrantFY2024$3,256
Unitemized GrantFY2023$128,235
Unitemized GrantFY2023$2,068
Unitemized GrantFY2022$117,245
Unitemized GrantFY2022$949
Unitemized GrantFY2021$116,110
Unitemized GrantFY2021$507
Unitemized GrantFY2020$113,900
Unitemized GrantFY2020$1,122

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$491K revenue · viewing · ⤓ 990 PDF
FY2024$593K revenue · ⤓ 990 PDF
FY2023$894K revenue · ⤓ 990 PDF
FY2022$699K revenue · ⤓ 990 PDF
FY2021$813K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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