Thiel College

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Thiel College empowers individuals to reach their full potential by creating a diverse and inclusive learning environment that ensures educational excellence, stimulates global awareness, and promotes ethical leadership. In doing so, Thiel prepares students for careers and lives of meaning and purpose.

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 25-0965576) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
Run by 20 volunteers and 575 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $2.2M a year · 4% of revenue · last 6 filings
A surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
93%
of spending
93% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.7M
to officers and key staff · 3% of spending
Pay to officers and key staff is 3% of spending.
Part VII, Section A
2.1 mo
of spending, in cash
Plus $47.8M in investments, Pt X · Ln 11–13
2.1 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $264K
4 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$40.3M
36% of total assets
Liabilities are 36% of assets.
Pt X · Ln 26
Independent board members
34
of 34 voting members
34 of 34 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$62.5M
+19% vs prior year
Spent
$54.5M
To programs
93%
Net assets
$73.0M
By yearFY2020–FY2025
Revenue
$62.5M
FY2025▲ +19%
Tap a bar for its year
Revenue by fiscal year
FY2020$35.0M
FY2021$47.5M
FY2022$54.8M
FY2023$53.3M
FY2024$52.7M
FY2025$62.5M
Expenses
$54.5M
FY2025▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$39.0M
FY2021$43.2M
FY2022$49.9M
FY2023$53.2M
FY2024$52.7M
FY2025$54.5M
Net assets
$73.0M
FY2025▲ +19%
Tap a bar for its year
Net assets by fiscal year
FY2020$46.2M
FY2021$56.5M
FY2022$53.5M
FY2023$57.2M
FY2024$61.5M
FY2025$73.0M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1963.

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% · $50.9M Management & general 6% · $3.0M Fundraising 1% · $587K

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

59 people listed on the 990; $1.7M paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
$258,737Pt VII · Sec A
VP Finance & Administration
$176,927Pt VII · Sec A
Program Director Physician Studies
$171,577Pt VII · Sec A
Professor, Sl Program Dir.
$142,774Pt VII · Sec A
VP College Advancement
$139,014Pt VII · Sec A
VP Enrollment Mgmt/Financial Aid
$137,033Pt VII · Sec A
VP Academic Affairs & Dean of College
$133,702Pt VII · Sec A
VP Student Life and Athletics
$123,912Pt VII · Sec A

Dr Susan Traverso’s $259K as President is at the 55th 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Dr Susan Traverso$258,737$302,486$334,713$231,161$249,267$257,036
Amy Arbogast$176,927$176,927$177,217$97,210——
Robert Schmoll———$93,775$175,929$167,699
James Tkacik$171,577—————
Roberta Leonard$139,014$159,014$128,997$121,090$123,532$122,588
Lynn Williams—$155,666$140,360———
Ashley Zullo$137,033$138,408$151,140$121,872$144,452$122,516
Mary Beth Mason$142,774$144,652$137,474$123,030$122,696—

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.

See Thiel College executive salaries →

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

Provides higher education opportunities for students.

Questions for Thiel College

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1 program · $50.9M · in their own filed words · FY2024
01

Founded in 1866 as a coeducational institution in western pennsylvania, Thiel College is an independent liberal arts College rooted in the lutheran tradition. Offering distinctive programs in the arts and humanities, social and natural sciences, and professional studies, together with engaging co-curricular and athletic opportunities…

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 25-0965576) · Dispute this line
$50.9Mprogram 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
See all 4 funders →
Grants paid · 17 grants · $116.4M · 2019–2024
Unitemized GrantFY2024$20,880,923
Unitemized GrantFY2024$2,152,330
Unitemized GrantFY2023$18,894,005
Unitemized GrantFY2023$2,392,365
Unitemized GrantFY2023$37,596
Unitemized GrantFY2022$17,254,673
Unitemized GrantFY2022$2,863,736
Unitemized GrantFY2022$675,322
Unitemized GrantFY2021$16,320,794
Unitemized GrantFY2021$2,333,938
Unitemized GrantFY2021$493,373
Unitemized GrantFY2020$15,221,248
Unitemized GrantFY2020$1,437,112
Unitemized GrantFY2020$465,877
Unitemized GrantFY2019$8,448,141
Unitemized GrantFY2019$6,074,743
Unitemized GrantFY2019$465,877

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Jun 2025 · $15.3M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$12.1M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$2.6M
Federal Perkins Loan Program_federal Capital ContributionsDepartment of Education · ALN 84.038 · Direct$277K
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$186K
Federal Supplemental Educational Opportunity GrantsDepartment of Education · ALN 84.007 · Direct$87K

The auditor reported 2 findings: a weakness in money controls.

Year ending Jun 2024 · $14.5M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$11.7M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$1.9M
Federal Perkins Loan ProgramDepartment of Education · ALN 84.038 · Direct$556K
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$166K
Federal Supplemental Educational Opportunity GrantsDepartment of Education · ALN 84.007 · Direct$87K

Plus 1 smaller program.

The auditor reported 1 finding.

Year ending Jun 2023 · $15.4M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$11.5M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$1.7M
Education Stabilization FundDepartment of Education · ALN 84.425 · Direct$1.4M
Federal Perkins Loan ProgramDepartment of Education · ALN 84.038 · Direct$632K
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$110K

Plus 1 smaller program.

The auditor reported 3 findings.

Year ending Jun 2022 · $13.0M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$9.2M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$1.6M
Education Stabilization FundDepartment of Education · ALN 84.425 · Direct$1.0M
Federal Perkins Loan ProgramDepartment of Education · ALN 84.038 · Direct$979K
Federal Work-Study ProgramDepartment of Education · ALN 84.033 · Direct$90K

Plus 2 smaller programs.

The auditor reported 3 findings.

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$62.5M
Ln 12
Fees for servicesLn 2g$45.4M
Gifts and grantsLn 1h$13.5M
Other incomeLn 4–11$2.1M
Money outPt IX
$54.5M
Ln 25
Programscol B$50.9M
Managementcol C$3.0M
Fundraisingcol D$587K
Owns and owesPt X
$73.0M
net assets · Ln 32
Cash and savingsLn 1–2$9.5M
Total assetsLn 16$113.4M
LiabilitiesLn 26$40.3M
PeoplePt VI, VII
59
listed · VII A
PaidVII A12
Voting boardVI 1a34
IndependentVI 1b34
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$13.5M
Government grantsLn 1e$698K
Fundraising eventsLn 1c$24K
Fees for servicesLn 2g$45.4M
Investment incomeLn 3$1.6M
Other incomeLn 4–11$2.1M
Gains on assetsLn 7$1.1M
Total revenueLn 12$62.5M
Assets in detailPt X, end of year
CashLn 1$2K
SavingsLn 2$9.5M
Cash and savings togetherLn 1–2$9.5M
Pledges and grants receivableLn 3$3.8M
Accounts receivableLn 4$1.4M
Inventories for sale or useLn 8$258K
Prepaid expenses and deferred chargesLn 9$1.4M
Land, buildings, equipmentLn 10c$39.8M
InvestmentsLn 11–13$47.8M
Other assetsLn 15$9.3M
Total assetsLn 16$113.4M
LiabilitiesLn 26$40.3M
Net assetsLn 32$73.0M
OperationsPt I, VI
EmployeesI 5575
VolunteersI 620
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
BondsSch K, Pt X
Tax-exempt bond debt owedX 20$29.6M
Bond issues listedSch K Pt I1
Raised by those issuesSch K Pt I$32.5M
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$178K
Share of the $55.3M endowmentSch D 1g0.32%
Typical, median of 2,202 orgs0.44%
EndowmentSch D · Pt V
LineFY25FY24FY23FY22FY21
End of yearLn 1g$55.3M$47.8M$41.6M$35.9M$40.5M
AddedLn 1b$3.7M$3.0M$3.5M$4.0M$2.4M
SpentLn 1d–1f$2.2M$2.2M$2.0M$2.1M$2.3M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$7.4M$9.5M
InvestmentsLn 11–13$40.9M$47.8M
Land, buildings, equipmentLn 10c$39.4M$39.8M
Total assetsLn 16$101.0M$113.4M
LiabilitiesLn 26$39.6M$40.3M
Net assetsLn 32$61.5M$73.0M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$23.0M$23.0M
Pay of officers and key staff (Part IX, line 5)Ln 5$1.1M$525K$478K$142K
Other salaries and wagesLn 7$11.3M$10.5M$477K$299K
Pension plan contributionsLn 8$108K$94K$10K$4K
Other employee benefitsLn 9$1.7M$1.5M$108K$27K
Payroll taxesLn 10$898K$794K$72K$33K
Legal feesLn 11b$21K$21K
Accounting feesLn 11c$88K$88K
Investment management feesLn 11f$178K$178K
Other fees for servicesLn 11g$4.2M$3.8M$392K$24K
Advertising and promotionLn 12$375K$364K$11K$317
Office expensesLn 13$1.3M$843K$384K$34K
Information technologyLn 14$569K$569K
OccupancyLn 16$1.5M$1.4M$30K
TravelLn 17$581K$548K$11K$22K
InterestLn 20$1.9M$1.9M
Depreciation, depletion and amortizationLn 22$3.7M$3.7M
InsuranceLn 23$661K$659K$2K
Other expenses (24a–d)Ln 24$1.0M$1.0M$2K
All other expensesLn 24e$339K$240K$98K$1K
Total functional expensesLn 25$54.5M$50.9M$3.0M$587K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS May 8, 2026 $62.5M$54.5M$8.0M$73.0M 990 PDF
FY2024Filed with the IRS Mar 7, 2025 $52.7M$52.7M$30K$61.5M 990 PDF
FY2023Filed with the IRS May 14, 2024 $53.3M$53.2M$59K$57.2M 990 PDF
FY2022Filed with the IRS May 12, 2023 $54.8M$49.9M$4.9M$53.5M 990 PDF
FY2021Filed with the IRS May 11, 2022 $47.5M$43.2M$4.3M$56.5M 990 PDF
FY2020Filed with the IRS May 14, 2021 $35.0M$39.0M−$4.0M$46.2M 990 PDF

Schedules filed Part IV

A · Public support B · Donors D · Assets and endowments E · Schools G · Fundraising I · Grants J · Pay K · Bonds O · Explanations R · Related orgs
See the full FY2025 990
Part I · Summary $62,529,246 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $7,379,578$13,465,276
I-9 Program service revenuePrior year $43,356,330$45,374,588
I-10 Investment incomePrior year $1,567,761$2,765,023
I-11 Other revenuePrior year $413,060$924,359
I-12 Total revenuePrior year $52,716,729$62,529,246
I-13 Grants and similar amounts paidPrior year $21,323,966$23,033,253
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $14,967,544$15,082,281
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $16,395,504$16,422,001
I-18 Total expensesPrior year $52,687,014$54,537,535
I-19 Revenue less expensesPrior year $29,715$7,991,711
Part VI · Governance 34 of 34 board members independent, no flags
VI-1a Voting members of the governing body34
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 $62,529,246 across 11 lines filed
Lines not itemized here account for $156,059 of total revenue; see the IRS return.
VIII-1c Fundraising events$24,100
VIII-1e Government grants$698,471
VIII-1f All other contributions, gifts and grants$12,742,705
VIII-1h Total contributions, gifts and grants$13,465,276
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $45,374,588$45,374,588
VIII-3 Investment incomeExcluded from tax $1,630,696$1,630,696
VIII-6 Net rental income or lossExcluded from tax $673$673
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,077,811$1,077,811
VIII-8 Net income from fundraising eventsExcluded from tax $10,925$10,925
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $813,218$813,218
VIII-12 Total revenueRelated to mission $45,374,588 · Unrelated business $0 · Excluded from tax $3,689,382$62,529,246
Part IX · Statement of functional expenses $54,537,535 across 20 lines filed
IX-2 Grants to domestic individualsPrograms $23,033,253$23,033,253
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $524,736 · Management $477,619 · Fundraising $141,760$1,144,115
IX-7 Other salaries and wagesPrograms $10,489,177 · Management $477,214 · Fundraising $299,288$11,265,679
IX-8 Pension plan contributionsPrograms $93,857 · Management $9,906 · Fundraising $4,262$108,025
IX-9 Other employee benefitsPrograms $1,530,676 · Management $108,391 · Fundraising $26,955$1,666,022
IX-10 Payroll taxesPrograms $793,933 · Management $71,973 · Fundraising $32,534$898,440
IX-11b Legal feesManagement $21,148$21,148
IX-11c Accounting feesManagement $88,412$88,412
IX-11f Investment management feesManagement $178,245$178,245
IX-11g Other fees for servicesPrograms $3,802,326 · Management $392,108 · Fundraising $23,623$4,218,057
IX-12 Advertising and promotionPrograms $363,562 · Management $10,795 · Fundraising $317$374,674
IX-13 Office expensesPrograms $843,058 · Management $383,932 · Fundraising $33,608$1,260,598
IX-14 Information technologyPrograms $568,710$568,710
IX-16 OccupancyPrograms $1,433,823 · Management $29,935$1,463,758
IX-17 TravelPrograms $548,139 · Management $10,923 · Fundraising $21,799$580,861
IX-20 InterestPrograms $1,904,666$1,904,666
IX-22 Depreciation, depletion and amortizationPrograms $3,744,493$3,744,493
IX-23 InsuranceManagement $658,688 · Fundraising $2,098$660,786
IX-24 Other expenses (24a–d)Programs $1,017,070 · Management $1,670$1,018,740
IX-24e All other expensesPrograms $239,660 · Management $97,957 · Fundraising $1,236$338,853
IX-25 Total functional expensesPrograms $50,931,139 · Management $3,018,916 · Fundraising $587,480$54,537,535
Part X · Balance sheet $113,353,768 assets, 21 lines filed
X-1 Cash, non-interest-bearingStart of year $1,688$1,790
X-2 Savings and temporary cash investmentsStart of year $7,370,916$9,522,421
X-3 Pledges and grants receivableStart of year $2,120,849$3,847,913
X-4 Accounts receivableStart of year $870,511$1,415,029
X-8 Inventories for sale or useStart of year $175,604$257,834
X-9 Prepaid expenses and deferred chargesStart of year $1,352,370$1,373,449
X-10c Land, buildings and equipment, netStart of year $39,442,548$39,780,275
X-11 Publicly traded securitiesStart of year $40,595,197$47,589,777
X-13 Program-related investmentsStart of year $314,299$259,341
X-15 Other assetsStart of year $8,766,363$9,305,939
X-16 Total assetsStart of year $101,010,345$113,353,768
X-17 Accounts payable and accrued expensesStart of year $2,914,763$3,484,239
X-19 Deferred revenueStart of year $724,564$946,611
X-20 Tax-exempt bond liabilitiesStart of year $30,077,820$29,624,122
X-23 Secured mortgages and notes payableStart of year $855,476$690,467
X-25 Other liabilitiesStart of year $4,977,950$5,559,125
X-26 Total liabilitiesStart of year $39,550,573$40,304,564
X-27 Net assets without donor restrictionsStart of year $1,147,372$2,236,334
X-28 Net assets with donor restrictionsStart of year $60,312,400$70,812,870
X-32 Total net assets or fund balancesStart of year $61,459,772$73,049,204
X-33 Total liabilities and net assetsStart of year $101,010,345$113,353,768
Part XI · Reconciliation of net assets $73,049,204 net assets at year end
XI-1 Total revenue$62,529,246
XI-2 Total expenses$54,537,535
XI-3 Revenue less expenses$7,991,711
XI-4 Net assets at start of year$61,459,772
XI-5 Net unrealized gains (losses) on investments$3,597,721
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$73,049,204

Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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