Overview
What is Lycoming College?
Located in Williamsport, Pennsylvania, Lycoming College is a four-year liberal arts institution that offers co-educational, independent education. With a focus on formal instruction, the college houses a regular faculty, a scheduled curriculum, and a consistently enrolled student body. The college's academic programs encompass Bachelor of Arts degrees in 32 major fields and Bachelor of Science degrees in 5 major fields. Lycoming College provides various services for its students, including the cost of instruction, academic support, student services, and institutional support. Instructional expenses contribute to the delivery of formal courses, while academic support covers areas like the library, computer center, academic resource center, and more. Student services cater to the student experience, featuring the registrar, community services, health services, recreation center, athletics, and counseling services. Institutional support covers campus maintenance and employee provision. Student financial aid from both internal and external sources accounted for approximately 78% of gross tuition and fee revenue. In addition to internal and external financial aid, Lycoming College offers numerous scholarships to academically talented students. Most academic scholarships are renewed in their original amount for the following year as long as the student maintains satisfactory academic progress. The college had approximately 1,059 full-time equivalents enrolled for the 2021-2022 academic year. The mission of Lycoming College is to provide a distinguished baccalaureate education in the liberal arts and sciences within a co-educational, supportive, and residential setting.
Official website here: www.lycoming.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Lycoming College has achieved an impressive Four-Star rating on Charity Navigator, reflecting its strong commitment to accountability and financial health. The overall score indicates a robust performance in governance and fiscal management, with a focus on transparency and ethical practices. This high rating signifies that the college effectively manages its resources and adheres to best practices in nonprofit operations.
The organization boasts a fully independent board, with 96% of its members meeting this criterion. Additionally, it has received top scores for its audit and oversight measures, indicating rigorous financial oversight and a commitment to preventing any material diversion of assets. The college also demonstrates strong compliance with policies related to conflict of interest, whistleblower protections, and document retention, enhancing its credibility and trustworthiness.
While the financial ratios indicate a healthy balance, with a program expense ratio of 82.23%, the college maintains a low liabilities-to-assets ratio of 17.05%, showcasing effective financial management. Overall, Lycoming College's high rating and comprehensive policies reflect a well-managed organization that prioritizes accountability and transparency in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Lycoming College legitimate?
Lycoming College is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lycoming College submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,559,315
Professional Fundraising Fees: $0
Other Salaries and Wages: $17,195,759
For more financial information, click here
Official website here: www.lycoming.edu
What is the mission statement of Lycoming College?
Lycoming College is a co-educational, independent institution that focuses on providing a distinguished undergraduate education in the liberal arts and sciences. The mission of Lycoming College is to offer a comprehensive educational experience, encompassing academic instruction, support services, and student activities. The college boasts a diverse curriculum, with Bachelor of Arts and Bachelor of Science degrees offered in various fields of study. Academic support services encompass resources such as the library, computer center, and academic resource center. Student services cater to students' needs, including health services, counseling, admissions, and financial aid. Institutional support ensures the college's smooth operations, covering areas such as campus maintenance and employee welfare. Scholarships and financial aid play a significant role in making education accessible to students. Enrollment for the academic year consisted of approximately 1,059 full-time equivalent students.
Official website here: www.lycoming.edu
Who is the CEO of Lycoming College?
Jeffrey L Bennett Cpa is the Chairman of Lycoming College.
Official website here: www.lycoming.edu
What is the revenue of Lycoming College?
Lycoming College's revenue in 2022 was $89,358,033.
Official website here: www.lycoming.edu
Who are the executives of Lycoming College and what are their salaries?
The average compensation at Lycoming College during 2022 was $18,680. There are 1004 employees and 80 volunteers at Lycoming College.
Here are 44 key members and their salaries:
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Official website here: www.lycoming.edu
Where can I find the form 990 for Lycoming College?
Lycoming College's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lycoming.edu
Learn more at the official website: www.lycoming.edu
Mission Statement of Lycoming College
Lyoming College, a distinguished co-educational institution, is dedicated to providing a premier undergraduate education in the liberal arts and sciences. Nestled within a supportive residential setting, the college offers a rigorous curriculum spanning 37 major fields in both Bachelor of Arts and Bachelor of Science degrees.
The college's commitment to its students goes beyond formal instruction, as it invests in academic support services. These services include the library, computer center, academic resource center, and institutions such as the Institute for Management Studies and Center for Academic Experiences. Additionally, student services cater to every aspect of the college experience, offering resources like the registrar, community services, health services, recreation center, athletics, counseling services, admissions, financial aid, religious activities, and the office of student programs. Institutional support ensures the college's facilities and employees are well-maintained, covering areas like buildings and grounds, security, office of the president, business office, and human resources.
Student financial aid, a significant portion of Lyoming College's gross tuition and fee revenue, comes from both internal and external sources. In addition to need-based financial aid programs like the Lycoming Grant, the college offers a multitude of scholarships for academically talented students. Most academic scholarships are automatically renewed for the following year, provided the student maintains satisfactory academic progress. With an enrollment of approximately 1,059 full-time equivalents for the 2021-2022 academic year, Lyoming College continues to provide a comprehensive education in a nurturing and inspiring environment.
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Impact
October, 2024
Lycoming College significantly impacts its students and the broader community through its commitment to distinguished baccalaureate education in the liberal arts and sciences. Located in Williamsport, Pennsylvania, the college provides an inclusive and supportive environment for around 1,059 full-time students, empowering them to pursue knowledge in 32 Bachelor of Arts and 5 Bachelor of Science degree programs.
The college's rigorous academic structure ensures students receive quality instruction while benefiting from a range of academic support services, including libraries, computer centers, and specialized resource centers. This holistic approach to education prepares students for future challenges and equips them with critical thinking and problem-solving skills that are essential in today's world.
Lycoming College also actively promotes student services that contribute to a comprehensive college experience. From health and counseling services to vibrant athletic and extracurricular programs, the college ensures students have access to resources that foster personal growth and well-being.
Financial accessibility is another cornerstone of Lycoming College's impact. With approximately 78% of tuition and fee revenue covered through internal sources and numerous scholarships available, the college supports academically talented students and those with financial need, making higher education attainable for a diverse range of individuals.
Overall, Lycoming College plays a vital role in shaping informed citizens, creative thinkers, and future leaders, thus having a lasting impact on both its student body and the larger community it serves.
This information is meant to be a general summary of Lycoming College. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $6,798,587
- Program Service Revenue: $58,566,169
- Gross Receipts: $120,323,874
Assets and Liabilities:
- Total Assets: $298,802,634
- Total Liabilities: $49,701,934
- Net Assets: $249,100,700
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION & FEES
Revenue
$45,416,701
AUXILIARY ENTERPRISES
Revenue
$13,149,468
Organization Details
Founding Year
1947
Phone
(570) 321-4000Principal Officer
Jeffrey L Bennett Cpa
Main Address
ONE COLLEGE PLACE, WILLIAMSPORT, PA, 17701
Website
www.lycoming.eduNTEE Category
Code: B420 - Education
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