Mercyhurst University EIN 25-0965430 Form 990 (PDF) Claim this org

Mercyhurst University

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Offers diverse undergraduate and graduate programs, including adult and specialized options. For fiscal year 2025 it reported $149.4M in revenue, $156.4M in expenses, and $90.2M in net assets.Pt I

Founded
1926
Type
Higher education institution · Colleges & Universities
Location
Erie, PA
Website
www.mercyhurst.edu
Filings
6 on file (2020–2025)
Revenue
$149.4MFY2025
Expenses
$156.4M
Net assets
$90.2M
People
36
Filings
6
Updates
0
More identity details & actions ⌄
EIN  25-0965430 Higher education institution Erie, PA Founded 1926
Form 990 (PDF)
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Figures match the IRS filing checked 7/6/26 · see original: IRS
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Size
$100M+
What they do
Offers diverse undergraduate and graduate programs, including adult and specialized options.
Leadership
Getz Kathleen a · President and Board of Trustees · $402K
Money in and out
$149.4M revenue, $156.4M expenses
Bottom line
-5% operating surplus
Financial scale & money flow · FY2025
Total revenue
$149.4M
Pt VIII · Ln 12
Total expenses
$156.4M
Pt IX · Ln 25
Net assets
$90.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$7.0M
Where spending went · Part IX cols B–D
Program services $0.93 Management & general $0.06 Fundraising $0.00
Operating surplus
-5%
revenue over expenses, this legal entity▲ +16% vs prior filing year
Payroll share
24%
of this entity's spending is salaries & benefits▲ +3% vs prior filing year
Program spending
93%
of expenses reach program services-0.03% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$149.4M
FY2025▲ +2%
Expenses
$156.4M
FY2025▲ +0.8%
Total assets
$154.3M
FY2025▼ -5%
Total liabilities
$64.1M
FY2025▼ -2%
Total revenue
$149.4M
Pt VIII · Ln 12
Total expenses
$156.4M
Pt IX · Ln 25
Net assets
$90.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$7.0M
Total assetsPt X · Ln 16$154.3M
Program-expense ratioPt IX · col B93%
Voting members of governing bodyPt I · Ln 324
Independent voting membersPt I · Ln 422

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMercyhurst University
EINHdr · item D25-0965430
Principal addressHdr · item CErie, PA
WebsiteHdr · item Jwww.mercyhurst.edu
Year of formationHdr · item L1926
State of legal domicileHdr · item MPA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFColleges & Universities (B420)
Ruling yearIRS BMFJan 1960

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a24
Independent voting membersPt VI · Ln 1b22
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
President and Board of Trustees
$402,472Pt VII · Sec A
Cvc Hidta Executive Director
$227,316Pt VII · Sec A
Deputy Director of Hidta
$201,711Pt VII · Sec A
Vice President of Finance
$178,216Pt VII · Sec A
Central Valley Hidta Program Manager
$170,510Pt VII · Sec A
Interim VP for Enrollment
$154,124Pt VII · Sec A
VP for Technology and CIO
$152,207Pt VII · Sec A
Associate Professor of PA Program
$141,520Pt VII · Sec A

Getz Kathleen a’s $402K as President and Board of Trustees is at the 27th 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
Victor Michael T$227,791$510,907$382,150
Getz Kathleen a$402,472$369,814$381,212$197,212
McGill Duncan E$277,905$175,737$175,487
Martin John J$227,316$210,783$190,045$165,531
Sanchack Karl H$203,664
Hartman Gary$201,711$191,551$181,822$181,822$161,876
Heller Michael E$178,216$163,585$169,472$145,020
Roberts Leanne M$172,615$172,070$172,070

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

3 program services account for $97.0M of program spending, described in the organization's own filed words · FY2024.
01

At the fall census date during the 2024-25 academic year there were 2,632 students enrolled in undergraduate, graduate, and associate degree programs at the campus. The student population was comprised of 2,109 full-time and 165 part-time undergraduate students along with 259 full-time and 99 part-time graduate students.

$64.8Mprogram expense
02

Athletic expenses include all expenses for athletic and club sports including but not limited to salaries and wages, travel and living, game expenses, meetings and events, vehicle leases, recruitment and financial aid.

$19.6Mprogram expense
03

Auxiliary services includes student housing, foodservice, the University bookstore and the University's conference center on the Main campus. The total student population in University housing on the Main campus was 1,658 for the 2024-25 fiscal year.

$12.5Mprogram expense

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Statement of Revenue

Part VIII
Program service revenue$126.7M · 85%
Contributions & grants$18.7M · 13%
Investment income$3.5M · 2%
Program service revenue85%$126.7M
Contributions & grants13%$18.7M
Investment income2%$3.5M
Other revenue$432K
— government grantsLn 1e$16.0M
Total revenueLn 12$149.4M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.93 Management & general $0.06 Fundraising $0.00
Program services93%$145.5M
Management & general6%$10.1M
Fundraising$761K
Total functional expensesLn 25$156.4M

Balance Sheet

Part X · end of year
CashLn 1$11.8M
Total assetsLn 16$154.3M
Total liabilitiesLn 26$64.1M
Total net assetsLn 32$90.2M
Months of cash on handcomputed0.9

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $48.9M · Operating expenses (Pt IX) $156.4M · Less non-cash grants $75K · Cash operating expenses/yr $156.3M
3.8 months
Where the money goes
Program services
Program services $145.5M · Total expenses $156.4M
93%
Management & General
Management & general $10.1M · Total expenses $156.4M
6%
Fundraising
Fundraising $761K · Total expenses $156.4M
0.5%
Cost to raise $1
Fundraising expense (3-yr avg) $955K · Solicited contributions (3-yr avg) $2.4M
$0.40 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $18.7M · Total revenue $149.4M
13%
Government reliance
Government grants $16.0M · Total revenue $149.4M
11%
Earned-income share
Program service revenue $126.7M · Total revenue $149.4M
85%
Investment reliance
Investment income $3.5M · Total revenue $149.4M
+2%
Program self-sufficiency
Program service revenue $126.7M · Total expenses $156.4M
81%
Growth & trend
Revenue growth (YoY)
This year $149.4M · Prior year $146.9M
+2%
Revenue CAGR
FY2019 $156.3M · FY2024 $149.4M
-0.9%
Net-asset trend (YoY)
End of year $90.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $149.4M · Expenses $156.4M
-5%
Liabilities-to-Assets
Total liabilities — · Total assets $154.3M
Net-asset ratio
Net assets $90.2M · Total assets $154.3M
58%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $37.1M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $154.3M
24%
People & payroll
Highest Reported Total Compensation
Individual Getz Kathleen a · Reported title President and Board of Trustees · Highest reported compensation $402K · Total expenses $156.4M
0.3%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $37.7M · Total expenses $156.4M
24%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 93%
Overhead ratio 6%
Fundraising cost ratio 4%
Revenue growth 2%
Investment management fee ratio 0.01%
Legal fee ratio 0.09%
Accounting fee ratio 0.09%
Fundraising fee ratio 0%

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 · FY2025
Total grants receivedfrom 1 funder$110K
Grants paid · 10 grants · $357.7M · 2019–2024
Unitemized GrantFY2024$59,784,179
Unitemized GrantFY2023$58,909,984
Unitemized GrantFY2022$58,919,591
Unitemized GrantFY2021$61,627,741
Unitemized GrantFY2020$60,076,441
Unitemized GrantFY2019$58,213,997

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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)$149.4M revenue · viewing · ⤓ 990 PDF
FY2024$146.9M revenue · ⤓ 990 PDF
FY2023$149.3M revenue · ⤓ 990 PDF
FY2022$162.9M revenue · ⤓ 990 PDF
FY2021$158.7M revenue · ⤓ 990 PDF
FY2020$156.3M 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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