Mercyhurst University FY2023 filing

Tax-deductible

Erie, PA501(c)(3)Since 1926Colleges & UniversitiesEIN 25-0965430Revenue $149.3M in FY2023

On file with the IRSmercyhurst.edu501 E 38th St, 16546-0002 · Erie, PATax-exempt since Jan 1960School — 170(b)(1)(A)(ii)

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Mercyhurst University is a fully accredited, four-year, Catholic comprehensive institution founded by the Sisters of Mercy in 1926. The Erie (Pa.) campus offers sixty-six (66) undergraduate majors with sixty (60) minors and sixty-three (63) concentrations, as well as unique adult programs and twelve (12) graduate programs. In addition, the institution maintains one- and two-year programs at Mercyhurst North East (North East, Pa.) and two satellite campuses- Mercyhurst Corry (Corry, Pa.) and Mercyhurst at Booker T Washington (Erie).

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
$2.0M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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
2 of 6
filings with a surplus
Average deficit $966K a year · under 1% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.0M
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
1 mo
of spending, in cash
Fine: 1.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $122K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$68.2M
41% of total assets
Looks good: liabilities are 41% of assets; 50% or less.
Pt X · Ln 26
Independent board members
25
of 26 voting members
Looks good: 25 of 26 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$149.3M
-8% vs prior year
Spent
$151.5M
To programs
94%
Net assets
$100.1M
By yearFY2020–FY2025
Revenue
$149.3M
FY2023▼ -8%
Tap a bar for its year
Revenue by fiscal year
FY2020$156.3M
FY2021$158.7M
FY2022$162.9M
FY2023$149.3M
FY2024$146.9M
FY2025$149.4M
Expenses
$151.5M
FY2023▼ -4%
Tap a bar for its year
Expenses by fiscal year
FY2020$156.8M
FY2021$151.9M
FY2022$157.6M
FY2023$151.5M
FY2024$155.0M
FY2025$156.4M
Net assets
$100.1M
FY2023▼ -7%
Tap a bar for its year
Net assets by fiscal year
FY2020$96.2M
FY2021$107.3M
FY2022$107.2M
FY2023$100.1M
FY2024$96.2M
FY2025$90.2M

From the FY2023 Form 990 (year ending May 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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 Jan 1960.

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

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $142.6M Management & general 5% · $8.0M Fundraising 1% · $972K

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

37 people listed on the 990; $2.0M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President and Board of Trustees
$381,212Pt VII · Sec A
Cvc Hidta Executive Director
$190,045Pt VII · Sec A
Deputy Director of Hidta
$181,822Pt VII · Sec A
Vice President of Finance
$169,472Pt VII · Sec A
Central Valley Hidta Program Manager
$157,473Pt VII · Sec A
VP for Technology and CIO
$137,511Pt VII · Sec A
Professor of Education, Graduate
$131,952Pt VII · Sec A
General Counsel, VP of Legal Affairs
$127,242Pt 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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Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers diverse undergraduate and graduate programs, including adult and specialized options.

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2 programs · $80.2M · in their own filed words · FY2022
01

At the fall census date during the 2022-23 academic year there were 2814 students enrolled in undergraduate, graduate, and associate degree programs at the main campus in Erie (2801) and other satellites (13) .

$68.3Mprogram expense
02

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 1,705 for the 2022-23 fiscal year.

$12.0Mprogram 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 2 funders$122K
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

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$149.3M
Ln 12
Fees for servicesLn 2g$127.2M
Gifts and grantsLn 1h$16.0M
Investment incomeLn 3$6.0M
Money outPt IX
$151.5M
Ln 25
Programscol B$142.6M
Managementcol C$8.0M
Fundraisingcol D$972K
Owns and owesPt X
$100.1M
net assets · Ln 32
Cash and savingsLn 1–2$16.2M
Total assetsLn 16$168.3M
LiabilitiesLn 26$68.2M
PeoplePt VI, VII
37
listed · VII A
PaidVII A12
Voting boardVI 1a26
IndependentVI 1b25
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$16.0M
Government grantsLn 1e$14.0M
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$4K
Fees for servicesLn 2g$127.2M
Investment incomeLn 3$6.0M
Other incomeLn 4–11$253K
Gains on assetsLn 7$4.6M
Total revenueLn 12$149.3M
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$16.2M
Cash and savings togetherLn 1–2$16.2M
InvestmentsLn 11–13$34.4M
Land, buildings, equipmentLn 10c$107.0M
Other assetsLn 15$3.9M
Total assetsLn 16$168.3M
LiabilitiesLn 26$68.2M
Net assetsLn 32$100.1M
OperationsPt I, VI
EmployeesI 52,212
VolunteersI 6250
Fiscal year endsHeaderMay
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 FY23End FY23
Cash and savingsLn 1–2$10.2M$16.2M
InvestmentsLn 11–13$34.5M$34.4M
Land, buildings, equipmentLn 10c$112.3M$107.0M
Total assetsLn 16$174.0M$168.3M
LiabilitiesLn 26$66.8M$68.2M
Net assetsLn 32$107.2M$100.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$4K$4K
Grants to domestic individualsLn 2$58.9M$58.9M
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$1.2M$133K$988K$90K
Pay of disqualified personsLn 6$6K$6K$0$0
Other salaries and wagesLn 7$26.8M$24.6M$1.9M$268K
Pension plan contributionsLn 8$918K$816K$84K$18K
Other employee benefitsLn 9$7.8M$6.9M$714K$153K
Payroll taxesLn 10$2.0M$1.8M$172K$3K
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$91K$0$91K$0
Accounting feesLn 11c$120K$0$120K$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$44K$0$44K$0
Other fees for servicesLn 11g$15.1M$14.2M$811K$155K
Advertising and promotionLn 12$658K$104K$554K$0
Office expensesLn 13$4.3M$3.8M$471K$29K
Information technologyLn 14$3.7M$3.1M$554K$54K
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$5.4M$4.9M$391K$109K
TravelLn 17$2.3M$2.2M$89K$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$1.0M$791K$116K$94K
InterestLn 20$3.4M$3.4M$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$6.1M$6.1M$0$0
InsuranceLn 23$959K$128K$831K$0
Other expenses (24a–d)Ln 24$10.0M$10.0M$0$0
All other expensesLn 24e$590K$526K$63K$0
Total functional expensesLn 25$151.5M$142.6M$8.0M$972K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $149.4M$156.4M−$7.0M$90.2M 990 PDF
FY2024 $146.9M$155.0M−$8.2M$96.2M 990 PDF
FY2023 Viewing $149.3M$151.5M−$2.2M$100.1M 990 PDF
FY2022 $162.9M$157.6M$5.4M$107.2M 990 PDF
FY2021 $158.7M$151.9M$6.7M$107.3M 990 PDF
FY2020 $156.3M$156.8M−$522K$96.2M 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 FY2023 990 (6 parts)
Part I · Summary $149,337,359 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $23,421,358$15,961,497
I-9 Program service revenuePrior year $137,827,089$127,164,278
I-10 Investment incomePrior year $1,321,139$5,958,800
I-11 Other revenuePrior year $355,391$252,784
I-12 Total revenuePrior year $162,924,977$149,337,359
I-13 Grants and similar amounts paidPrior year $61,642,804$58,923,743
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $38,901,506$38,680,708
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $57,020,134$53,935,497
I-18 Total expensesPrior year $157,564,444$151,539,948
I-19 Revenue less expensesPrior year $5,360,533−$2,202,589
Part VI · Governance 25 of 26 board members independent, 1 to look at
VI-1a Voting members of the governing body26
VI-1b Independent voting members25
VI-2 Family or business relationship among officers or directorsYes
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 $149,337,359 across 15 lines filed
Lines not itemized here account for $652,860 of total revenue; see the IRS return.
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$3,792
VIII-1d Related organizations$0
VIII-1e Government grants$14,046,012
VIII-1f All other contributions, gifts and grants$1,911,693
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$15,961,497
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $126,511,418 · Unrelated business $0 · Excluded from tax $0$126,511,418
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,388,766$1,388,766
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $20,431$20,431
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business −$10,078 · Excluded from tax $67,355$57,277
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $4,570,034$4,570,034
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $175,076$175,076
VIII-12 Total revenueRelated to mission $127,093,161 · Unrelated business $61,039 · Excluded from tax $6,221,662$149,337,359
Part IX · Statement of functional expenses $151,539,948 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $4,152$4,152
IX-2 Grants to domestic individualsPrograms $58,919,591$58,919,591
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $132,892 · Management $987,785 · Fundraising $89,639$1,210,316
IX-6 Pay of disqualified personsPrograms $6,459 · Management $0 · Fundraising $0$6,459
IX-7 Other salaries and wagesPrograms $24,590,939 · Management $1,920,309 · Fundraising $268,477$26,779,725
IX-8 Pension plan contributionsPrograms $816,285 · Management $83,924 · Fundraising $17,997$918,206
IX-9 Other employee benefitsPrograms $6,942,140 · Management $713,736 · Fundraising $153,055$7,808,931
IX-10 Payroll taxesPrograms $1,781,735 · Management $171,965 · Fundraising $3,371$1,957,071
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $91,387 · Fundraising $0$91,387
IX-11c Accounting feesPrograms $0 · Management $120,310 · Fundraising $0$120,310
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $43,856 · Fundraising $0$43,856
IX-11g Other fees for servicesPrograms $14,181,497 · Management $811,098 · Fundraising $154,694$15,147,289
IX-12 Advertising and promotionPrograms $103,996 · Management $553,783 · Fundraising $0$657,779
IX-13 Office expensesPrograms $3,817,577 · Management $470,812 · Fundraising $28,602$4,316,991
IX-14 Information technologyPrograms $3,102,379 · Management $553,968 · Fundraising $53,727$3,710,074
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $4,932,581 · Management $391,302 · Fundraising $108,750$5,432,633
IX-17 TravelPrograms $2,204,245 · Management $88,587 · Fundraising $0$2,292,832
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $791,366 · Management $115,583 · Fundraising $93,759$1,000,708
IX-20 InterestPrograms $3,403,226 · Management $0 · Fundraising $0$3,403,226
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $6,149,528 · Management $0 · Fundraising $0$6,149,528
IX-23 InsurancePrograms $127,567 · Management $831,077 · Fundraising $0$958,644
IX-24 Other expenses (24a–d)Programs $10,020,461 · Management $0 · Fundraising $0$10,020,461
IX-24e All other expensesPrograms $526,408 · Management $63,371 · Fundraising $0$589,779
IX-25 Total functional expensesPrograms $142,555,024 · Management $8,012,853 · Fundraising $972,071$151,539,948
Part X · Balance sheet $168,302,499 assets, 24 lines filed
Asset lines not itemized here account for $540,826; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $0$0
X-2 Savings and temporary cash investmentsStart of year $10,211,066$16,249,909
X-3 Pledges and grants receivableStart of year $12,493,681$3,887,502
X-4 Accounts receivableStart of year $2,513,647$540,598
X-8 Inventories for sale or useStart of year $280,257$347,424
X-9 Prepaid expenses and deferred chargesStart of year $830,045$1,330,559
X-10c Land, buildings and equipment, netStart of year $112,258,126$107,031,328
X-11 Publicly traded securitiesStart of year $34,459,660$34,439,392
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$3,934,961
X-16 Total assetsStart of year $174,010,156$168,302,499
X-17 Accounts payable and accrued expensesStart of year $9,972,213$8,584,448
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $3,316,235$3,614,300
X-20 Tax-exempt bond liabilitiesStart of year $44,055,387$42,992,164
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $1,235,705$4,922,336
X-26 Total liabilitiesStart of year $66,822,266$68,210,644
X-27 Net assets without donor restrictionsStart of year $80,299,453$74,050,468
X-28 Net assets with donor restrictionsStart of year $26,888,437$26,041,387
X-32 Total net assets or fund balancesStart of year $107,187,890$100,091,855
X-33 Total liabilities and net assetsStart of year $174,010,156$168,302,499
Part XI · Reconciliation of net assets $100,091,855 net assets at year end
XI-1 Total revenue$149,337,359
XI-2 Total expenses$151,539,948
XI-3 Revenue less expenses−$2,202,589
XI-4 Net assets at start of year$107,187,890
XI-5 Net unrealized gains (losses) on investments−$4,893,446
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$100,091,855

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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