Mercyhurst University FY2024 filing

Tax-deductible

Erie, PA501(c)(3)Since 1926Colleges & UniversitiesEIN 25-0965430Revenue $146.9M in FY2024

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.
93¢ 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

FY2024 · 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
93%
of spending
Looks good: 93% 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
Worth a look: 0.9 months of spending in cash; under 1.
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
$65.4M
40% of total assets
Looks good: liabilities are 40% of assets; 50% or less.
Pt X · Ln 26
Independent board members
20
of 22 voting members
Looks good: 20 of 22 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$146.9M
-2% vs prior year
Spent
$155.0M
To programs
93%
Net assets
$96.2M
By yearFY2020–FY2025
Revenue
$146.9M
FY2024▼ -2%
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
$155.0M
FY2024▲ +2%
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
$96.2M
FY2024▼ -4%
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 FY2024 Form 990 (year ending May 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 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

93 cents of each dollar spent went to programs.

Program services 93% · $144.3M Management & general 6% · $9.6M Fundraising 1% · $1.1M

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

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

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
President and Board of Trustees
$369,814Pt VII · Sec A
Cvc Hidta Executive Director
$210,783Pt VII · Sec A
Deputy Director of Hidta
$191,551Pt VII · Sec A
Central Valley Hidta Program Manager
$170,510Pt VII · Sec A
Associate Professor of Education
$165,007Pt VII · Sec A
Vice President of Finance
$163,585Pt VII · Sec A
VP of Advancement
$147,429Pt VII · Sec A
Associate Professor of PA Program
$135,024Pt 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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3 programs · $95.1M · in their own filed words · FY2023
01

At the fall census date during the 2023-24 academic year there were 2668 students enrolled in undergraduate, graduate, and associate degree programs at the campus. The student population was comprised of 2129 full-time and 163 part-time undergraduate students along with 273 full-time and 103 part-time graduate students.

$65.6Mprogram 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.

$17.4Mprogram 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 1,627 for the 2023-24 fiscal year.

$12.1Mprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$146.9M
Ln 12
Fees for servicesLn 2g$124.7M
Gifts and grantsLn 1h$19.3M
Investment incomeLn 3$2.5M
Money outPt IX
$155.0M
Ln 25
Programscol B$144.3M
Managementcol C$9.6M
Fundraisingcol D$1.1M
Owns and owesPt X
$96.2M
net assets · Ln 32
Cash and savingsLn 1–2$11.8M
Total assetsLn 16$161.6M
LiabilitiesLn 26$65.4M
PeoplePt VI, VII
33
listed · VII A
PaidVII A12
Voting boardVI 1a22
IndependentVI 1b20
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$19.3M
Government grantsLn 1e$16.8M
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$12K
Fees for servicesLn 2g$124.7M
Investment incomeLn 3$2.5M
Other incomeLn 4–11$351K
Gains on assetsLn 7$845K
Total revenueLn 12$146.9M
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$11.8M
Cash and savings togetherLn 1–2$11.8M
InvestmentsLn 11–13$36.4M
Land, buildings, equipmentLn 10c$103.0M
Other assetsLn 15$3.7M
Total assetsLn 16$161.6M
LiabilitiesLn 26$65.4M
Net assetsLn 32$96.2M
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 FY24End FY24
Cash and savingsLn 1–2$16.2M$11.8M
InvestmentsLn 11–13$34.4M$36.4M
Land, buildings, equipmentLn 10c$107.0M$103.0M
Total assetsLn 16$168.3M$161.6M
LiabilitiesLn 26$68.2M$65.4M
Net assetsLn 32$100.1M$96.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$10K$10K
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$1.1M$43K$954K$85K
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$25.9M$23.1M$2.5M$292K
Pension plan contributionsLn 8$449K$387K$55K$7K
Other employee benefitsLn 9$7.2M$6.2M$887K$113K
Payroll taxesLn 10$1.8M$1.6M$213K$3K
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$256K$0$256K$0
Accounting feesLn 11c$123K$0$123K$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$23K$0$23K$0
Other fees for servicesLn 11g$17.8M$16.4M$1.1M$273K
Advertising and promotionLn 12$558K$98K$450K$10K
Office expensesLn 13$4.8M$4.3M$434K$70K
Information technologyLn 14$3.7M$3.0M$613K$43K
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$6.0M$5.1M$776K$93K
TravelLn 17$2.2M$2.1M$87K$29K
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$959K$699K$146K$115K
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$1.1M$121K$939K$0
Other expenses (24a–d)Ln 24$12.0M$12.0M$0$0
All other expensesLn 24e$670K$597K$73K
Total functional expensesLn 25$155.0M$144.3M$9.6M$1.1M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $149.4M$156.4M−$7.0M$90.2M 990 PDF
FY2024 Viewing $146.9M$155.0M−$8.2M$96.2M 990 PDF
FY2023 $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 FY2024 990 (6 parts)
Part I · Summary $146,858,763 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $15,961,497$19,333,921
I-9 Program service revenuePrior year $127,164,278$124,667,648
I-10 Investment incomePrior year $5,958,800$2,506,445
I-11 Other revenuePrior year $252,784$350,749
I-12 Total revenuePrior year $149,337,359$146,858,763
I-13 Grants and similar amounts paidPrior year $58,923,743$58,919,737
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $38,680,708$36,447,907
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $53,935,497$59,665,272
I-18 Total expensesPrior year $151,539,948$155,032,916
I-19 Revenue less expensesPrior year −$2,202,589−$8,174,153
Part VI · Governance 20 of 22 board members independent, 1 to look at
VI-1a Voting members of the governing body22
VI-1b Independent voting members20
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 $146,858,763 across 15 lines filed
Lines not itemized here account for $765,630 of total revenue; see the IRS return.
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$12,338
VIII-1d Related organizations$0
VIII-1e Government grants$16,824,947
VIII-1f All other contributions, gifts and grants$2,496,636
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$19,333,921
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $123,902,018 · Unrelated business $0 · Excluded from tax $0$123,902,018
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,661,013$1,661,013
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $12,073$12,073
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $33,080 · Excluded from tax $51,452$84,532
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $845,432$845,432
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $254,144$254,144
VIII-12 Total revenueRelated to mission $124,628,948 · Unrelated business $71,780 · Excluded from tax $2,824,114$146,858,763
Part IX · Statement of functional expenses $155,032,916 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $9,753$9,753
IX-2 Grants to domestic individualsPrograms $58,909,984$58,909,984
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 $42,533 · Management $954,381 · Fundraising $85,067$1,081,981
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $23,057,481 · Management $2,533,785 · Fundraising $292,077$25,883,343
IX-8 Pension plan contributionsPrograms $386,883 · Management $55,079 · Fundraising $7,036$448,998
IX-9 Other employee benefitsPrograms $6,229,925 · Management $886,937 · Fundraising $113,303$7,230,165
IX-10 Payroll taxesPrograms $1,587,484 · Management $212,604 · Fundraising $3,332$1,803,420
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $256,488 · Fundraising $0$256,488
IX-11c Accounting feesPrograms $0 · Management $123,180 · Fundraising $0$123,180
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $22,595 · Fundraising $0$22,595
IX-11g Other fees for servicesPrograms $16,435,564 · Management $1,062,223 · Fundraising $272,583$17,770,370
IX-12 Advertising and promotionPrograms $98,171 · Management $449,863 · Fundraising $9,761$557,795
IX-13 Office expensesPrograms $4,297,044 · Management $434,264 · Fundraising $70,186$4,801,494
IX-14 Information technologyPrograms $3,007,379 · Management $612,755 · Fundraising $42,527$3,662,661
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $5,129,678 · Management $775,800 · Fundraising $93,293$5,998,771
IX-17 TravelPrograms $2,095,386 · Management $87,297 · Fundraising $28,537$2,211,220
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $698,793 · Management $145,617 · Fundraising $114,691$959,101
IX-20 InterestPrograms $3,448,009 · Management $0 · Fundraising $0$3,448,009
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $6,138,188 · Management $0 · Fundraising $0$6,138,188
IX-23 InsurancePrograms $121,021 · Management $939,354 · Fundraising $0$1,060,375
IX-24 Other expenses (24a–d)Programs $11,985,129 · Management $0 · Fundraising $0$11,985,129
IX-24e All other expensesPrograms $596,901 · Management $72,995$669,896
IX-25 Total functional expensesPrograms $144,275,306 · Management $9,625,217 · Fundraising $1,132,393$155,032,916
Part X · Balance sheet $161,603,499 assets, 24 lines filed
Asset lines not itemized here account for $435,724; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $0$0
X-2 Savings and temporary cash investmentsStart of year $16,249,909$11,809,175
X-3 Pledges and grants receivableStart of year $3,887,502$482,784
X-4 Accounts receivableStart of year $540,598$4,344,954
X-8 Inventories for sale or useStart of year $347,424$286,699
X-9 Prepaid expenses and deferred chargesStart of year $1,330,559$1,145,323
X-10c Land, buildings and equipment, netStart of year $107,031,328$102,982,382
X-11 Publicly traded securitiesStart of year $34,439,392$36,421,142
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 $3,934,961$3,695,316
X-16 Total assetsStart of year $168,302,499$161,603,499
X-17 Accounts payable and accrued expensesStart of year $8,584,448$8,169,602
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $3,614,300$3,564,140
X-20 Tax-exempt bond liabilitiesStart of year $42,992,164$42,185,151
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $4,922,336$4,494,928
X-26 Total liabilitiesStart of year $68,210,644$65,426,690
X-27 Net assets without donor restrictionsStart of year $74,050,468$66,207,318
X-28 Net assets with donor restrictionsStart of year $26,041,387$29,969,491
X-32 Total net assets or fund balancesStart of year $100,091,855$96,176,809
X-33 Total liabilities and net assetsStart of year $168,302,499$161,603,499
Part XI · Reconciliation of net assets $96,176,809 net assets at year end
XI-1 Total revenue$146,858,763
XI-2 Total expenses$155,032,916
XI-3 Revenue less expenses−$8,174,153
XI-4 Net assets at start of year$100,091,855
XI-5 Net unrealized gains (losses) on investments$4,259,107
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$96,176,809

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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