Thiel College FY2022 filing

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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.

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
$1.3M 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

FY2022 · 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
5 of 6
filings with a surplus
Average surplus $2.2M a year · 4% of revenue · last 6 filings
Fine: a surplus in 5 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
$1.3M
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Plus $28.5M in investments, Pt X · Ln 11–13
Fine: 2.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $264K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$38.5M
42% of total assets
Looks good: liabilities are 42% of assets; 50% or less.
Pt X · Ln 26
Independent board members
28
of 29 voting members
Looks good: 28 of 29 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$54.8M
+15% vs prior year
Spent
$49.9M
To programs
93%
Net assets
$53.5M
By yearFY2020–FY2025
Revenue
$54.8M
FY2022▲ +15%
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
$49.9M
FY2022▲ +15%
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
$53.5M
FY2022▼ -5%
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 FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 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 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% · $46.4M Management & general 6% · $2.9M Fundraising 1% · $588K

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

55 people listed on the 990; $1.3M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$231,161Pt VII · Sec A
VP Academic Affairs & Dean
$133,841Pt VII · Sec A
Professor, Sl Program Dir.
$123,030Pt VII · Sec A
VP Enrollment Management
$121,872Pt VII · Sec A
VP for College Advancement
$121,090Pt VII · Sec A
Professor, Dept. Chair
$107,878Pt VII · Sec A
VP Student Life & Dean
$98,683Pt VII · Sec A
VP Finance & Administration
$97,210Pt 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides higher education opportunities for students.

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1 program · $46.4M · in their own filed words · FY2021
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…

$46.4Mprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$54.8M
Ln 12
Fees for servicesLn 2g$37.8M
Gifts and grantsLn 1h$15.2M
Investment incomeLn 3$1.6M
Money outPt IX
$49.9M
Ln 25
Programscol B$46.4M
Managementcol C$2.9M
Fundraisingcol D$588K
Owns and owesPt X
$53.5M
net assets · Ln 32
Cash and savingsLn 1–2$8.7M
Total assetsLn 16$92.0M
LiabilitiesLn 26$38.5M
PeoplePt VI, VII
55
listed · VII A
PaidVII A11
Voting boardVI 1a29
IndependentVI 1b28
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$15.2M
Government grantsLn 1e$3.5M
Noncash giftsLn 1g$52K
Fundraising eventsLn 1c$11K
Fees for servicesLn 2g$37.8M
Investment incomeLn 3$1.6M
Other incomeLn 4–11$255K
Gains on assetsLn 7$652K
Total revenueLn 12$54.8M
Assets in detailPt X, end of year
CashLn 1$2K
SavingsLn 2$8.7M
Cash and savings togetherLn 1–2$8.7M
InvestmentsLn 11–13$28.5M
Land, buildings, equipmentLn 10c$40.7M
Other assetsLn 15$7.7M
Total assetsLn 16$92.0M
LiabilitiesLn 26$38.5M
Net assetsLn 32$53.5M
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$31.0M
Bond issues listedSch K Pt I1
Raised by those issuesSch K Pt I$32.5M
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$52K
EndowmentSch D · Pt V
LineFY22FY21FY20FY19FY18
End of yearLn 1g$35.0M$40.5M$32.1M$31.6M$31.2M
Given inLn 1b$4.0M$2.4M$2.1M$1.7M$1.8M
SpentLn 1d–1f$2.1M$2.3M$2.2M$2.2M$4.1M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$13.1M$8.7M
InvestmentsLn 11–13$33.4M$28.5M
Land, buildings, equipmentLn 10c$35.4M$40.7M
Total assetsLn 16$97.6M$92.0M
LiabilitiesLn 26$41.0M$38.5M
Net assetsLn 32$56.5M$53.5M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$19.1M$19.1M
Pay of current officers, directors and key staffLn 5$1.1M$527K$422K$121K
Other salaries and wagesLn 7$11.1M$10.3M$501K$271K
Pension plan contributionsLn 8$399K$359K$27K$14K
Other employee benefitsLn 9$2.1M$1.7M$351K$28K
Payroll taxesLn 10$853K$766K$58K$29K
Legal feesLn 11b$27K$27K
Accounting feesLn 11c$89K$89K
Investment management feesLn 11f$152K$152K
Other fees for servicesLn 11g$3.7M$3.5M$156K$48K
Advertising and promotionLn 12$497K$473K$22K$2K
Office expensesLn 13$1.1M$756K$338K$35K
Information technologyLn 14$657K$657K
OccupancyLn 16$1.3M$1.3M$33K
TravelLn 17$477K$431K$20K$26K
Conferences, conventions and meetingsLn 19$598$598
InterestLn 20$2.0M$2.0M
Depreciation, depletion and amortizationLn 22$3.3M$3.3M
InsuranceLn 23$593K$589K$4K
Other expenses (24a–d)Ln 24$887K$871K$16K
All other expensesLn 24e$419K$317K$92K$11K
Total functional expensesLn 25$49.9M$46.4M$2.9M$588K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled 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
FY2022 ViewingFiled 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

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $54,796,913 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $10,544,166$15,203,959
I-9 Program service revenuePrior year $32,679,896$37,783,360
I-10 Investment incomePrior year $3,376,603$1,554,159
I-11 Other revenuePrior year $863,476$255,435
I-12 Total revenuePrior year $47,464,141$54,796,913
I-13 Grants and similar amounts paidPrior year $17,124,237$19,148,105
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $13,235,998$15,494,857
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $12,816,140$15,218,593
I-18 Total expensesPrior year $43,176,375$49,861,555
I-19 Revenue less expensesPrior year $4,287,766$4,935,358
Part VI · Governance 28 of 29 board members independent, 1 to look at
VI-1a Voting members of the governing body29
VI-1b Independent voting members28
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 $54,796,913 across 12 lines filed
Lines not itemized here account for $50,989 of total revenue; see the IRS return.
VIII-1c Fundraising events$10,746
VIII-1e Government grants$3,457,831
VIII-1f All other contributions, gifts and grants$11,735,382
VIII-1g Noncash contributions (included above)$52,450
VIII-1h Total contributions, gifts and grants$15,203,959
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $37,783,360$37,783,360
VIII-3 Investment incomeExcluded from tax $900,141$900,141
VIII-6 Net rental income or lossExcluded from tax −$2,673−$2,673
VIII-7 Net gain or loss on sales of assetsExcluded from tax $652,033$652,033
VIII-8 Net income from fundraising eventsExcluded from tax −$25,489−$25,489
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $234,593$234,593
VIII-12 Total revenueRelated to mission $37,783,360 · Unrelated business $0 · Excluded from tax $1,809,594$54,796,913
Part IX · Statement of functional expenses $49,861,555 across 21 lines filed
IX-2 Grants to domestic individualsPrograms $19,148,105$19,148,105
IX-5 Pay of current officers, directors and key staffPrograms $526,873 · Management $422,146 · Fundraising $121,090$1,070,109
IX-7 Other salaries and wagesPrograms $10,316,172 · Management $501,292 · Fundraising $270,772$11,088,236
IX-8 Pension plan contributionsPrograms $358,746 · Management $26,554 · Fundraising $14,047$399,347
IX-9 Other employee benefitsPrograms $1,704,755 · Management $351,269 · Fundraising $28,246$2,084,270
IX-10 Payroll taxesPrograms $765,587 · Management $58,233 · Fundraising $29,075$852,895
IX-11b Legal feesManagement $27,121$27,121
IX-11c Accounting feesManagement $89,300$89,300
IX-11f Investment management feesManagement $152,455$152,455
IX-11g Other fees for servicesPrograms $3,496,659 · Management $155,576 · Fundraising $47,667$3,699,902
IX-12 Advertising and promotionPrograms $473,474 · Management $22,068 · Fundraising $1,666$497,208
IX-13 Office expensesPrograms $755,623 · Management $337,815 · Fundraising $34,861$1,128,299
IX-14 Information technologyPrograms $657,268$657,268
IX-16 OccupancyPrograms $1,302,491 · Management $33,306$1,335,797
IX-17 TravelPrograms $430,507 · Management $20,059 · Fundraising $26,202$476,768
IX-19 Conferences, conventions and meetingsPrograms $598$598
IX-20 InterestPrograms $1,994,905$1,994,905
IX-22 Depreciation, depletion and amortizationPrograms $3,259,773$3,259,773
IX-23 InsuranceManagement $588,702 · Fundraising $3,917$592,619
IX-24 Other expenses (24a–d)Programs $871,369 · Management $15,736$887,105
IX-24e All other expensesPrograms $317,341 · Management $91,622 · Fundraising $10,512$419,475
IX-25 Total functional expensesPrograms $46,380,246 · Management $2,893,254 · Fundraising $588,055$49,861,555
Part X · Balance sheet $92,020,593 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $1,638$1,638
X-2 Savings and temporary cash investmentsStart of year $13,123,298$8,692,601
X-3 Pledges and grants receivableStart of year $3,022,838$2,958,968
X-4 Accounts receivableStart of year $2,430,172$2,226,537
X-8 Inventories for sale or useStart of year $109,932$150,790
X-9 Prepaid expenses and deferred chargesStart of year $503,452$999,288
X-10c Land, buildings and equipment, netStart of year $35,419,795$40,729,783
X-11 Publicly traded securitiesStart of year $32,699,185$28,022,598
X-13 Program-related investmentsStart of year $737,323$510,612
X-15 Other assetsStart of year $9,503,227$7,727,778
X-16 Total assetsStart of year $97,550,860$92,020,593
X-17 Accounts payable and accrued expensesStart of year $1,863,097$1,882,865
X-19 Deferred revenueStart of year $524,880$658,176
X-20 Tax-exempt bond liabilitiesStart of year $31,325,584$30,961,650
X-25 Other liabilitiesStart of year $4,768,086$4,502,069
X-26 Total liabilitiesStart of year $41,011,209$38,480,192
X-27 Net assets without donor restrictionsStart of year $7,404,880$6,033,221
X-28 Net assets with donor restrictionsStart of year $49,134,771$47,507,180
X-32 Total net assets or fund balancesStart of year $56,539,651$53,540,401
X-33 Total liabilities and net assetsStart of year $97,550,860$92,020,593
Part XI · Reconciliation of net assets $53,540,401 net assets at year end
XI-1 Total revenue$54,796,913
XI-2 Total expenses$49,861,555
XI-3 Revenue less expenses$4,935,358
XI-4 Net assets at start of year$56,539,651
XI-5 Net unrealized gains (losses) on investments−$7,934,608
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$53,540,401

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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