GWYNEDD MERCY UNIVERSITY

EIN: 231352613 501(c)(3) Education

GWYNEDD VALLEY, PA

Total Revenue
$63,889,600
Total Expenses
$69,120,600
Total Assets
$144,993,000
Net Assets
$100,243,000
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Financial Trends

Organization Details

Formation Year
1948
Legal Domicile
PA
Principal Officer
JENNIFER GINNETTI
Phone
2156467300
Tax Period
2023-07-01 to 2024-06-30

GWYNEDD MERCY UNIVERSITY, founded in 1948, is a mid-sized nonprofit in the Education sector that reported $63.9M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year.

Mission

THE ORGANIZATION'S MISSION IS AS FOLLOWS: A CATHOLIC UNIVERSITY, ROOTED IN THE TRADITION OF THE SISTERS OF MERCY, OUR LEARNING COMMUNITY PREPARES STUDENTS FOR SUCCESSFUL CAREERS AND MEANINGFUL LIVES IN A GLOBAL SOCIETY.GWYNEDD MERCY UNIVERSITY IS SHAPED BY OUR CATHOLIC IDENTITY AS WELL AS OUR MERCY HERITAGE AND CHARISM, WITH PROGRAMS DESIGNED TO PREPARE STUDENTS TO LEAD PRODUCTIVE LIVES OF DEEP MEANING AND VALUE.

Program Service Accomplishments

Program 1
Expenses: $34,831,600 Revenue: $51,540,000

EDUCATION OF STUDENTS - GWYNEDD AWARDS UNDERGRADUATE AND GRADUATE DEGREES IN NURSING AND HEALTH PROFESSIONS, EDUCATION, BUSINESS, AND ARTS AND SCIENCES, IN TRADITIONAL AND ACCELERATED FORMATS, BOTH...

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EDUCATION OF STUDENTS - GWYNEDD AWARDS UNDERGRADUATE AND GRADUATE DEGREES IN NURSING AND HEALTH PROFESSIONS, EDUCATION, BUSINESS, AND ARTS AND SCIENCES, IN TRADITIONAL AND ACCELERATED FORMATS, BOTH ON GROUND AND ONLINE. WE PROVIDE STUDENTS WITH A QUALITY HIGHER EDUCATION PRODUCING DISTINCTIVE MERCY GRADUATES.AT GMERCYU, MAKING SURE STUDENTS ARE DEVELOPING THE KNOWLEDGE, SKILLS AND EXPERIENCE THEY NEED TO ACHIEVE THEIR PERSONAL AND PROFESSIONAL GOALS IS AT THE CENTER OF WHAT WE DO. EACH DEGREE PROGRAM INCLUDES A SET OF LEARNING OUTCOMES THAT DEFINES WHAT STUDENTS SHOULD KNOW AND BE ABLE TO DO UPON GRADUATION. AS PART OF OUR COMMITMENT TO PROVIDING STUDENTS WITH A STRONG FOUNDATION IN THE LIBERAL ARTS, WE HAVE ESTABLISHED UNIVERSITY-LEVEL STUDENT OUTCOMES AND LEARNING OUTCOMES FOR OUR GENERAL EDUCATION CORE, FIRST-YEAR EXPERIENCE PROGRAM, AND HONORS PROGRAM. GMERCYU OFFERS SEVERAL COLLEGE STUDY ABROAD PROGRAMS THAT PAVE THE WAY FOR PERSONAL AND PROFESSIONAL GROWTH BEYOND U.S. BORDERS. GWYNEDD ALSO OFFERS AN HONORS PROGRAM THAT IS DEDICATED TO PROVIDING AN ACADEMICALLY RIGOROUS AND CHALLENGING CURRICULUM, STEEPED IN THE LIBERAL ARTS AND SCIENCES, TO ITS BRIGHTEST AND MOST INDUSTRIOUS STUDENTS. THE PROGRAM IS COMMITTED TO PRESERVING AN ACADEMIC CULTURE THAT INSPIRES A GENUINE PASSION FOR LEARNING THROUGH ENHANCED EDUCATIONAL OPPORTUNITIES, THOUGHT-PROVOKING AND STIMULATING COURSES AND DISCUSSIONS THAT SPARK STUDENTS' IMAGINATIONS, BROADEN THEIR SKILLS, AND ENHANCE THEIR RESUMES.GMERCYU TAKES PRIDE IN OFFERING STUDENTS CHALLENGING DEGREE PROGRAMS AND COUNTLESS OPPORTUNITIES FOR PROFESSIONAL EXPERIENCE. WITH A ROBUST SERVICE PROGRAM AND DEEPLY SUPPORTIVE FACULTY AND STAFF, STUDENTS BENEFIT FROM A CLOSE-KNIT COMMUNITY IN WHICH THEY CAN FOCUS ON BUILDING THEIR FUTURES.

Program 2
Expenses: $17,832,000 Revenue: $0

FINANCIAL AID - TO STUDENTS - GWYNEDD PROVIDES ACCESS TO HIGHER EDUCATION FOR A DIVERSE GROUP OF STUDENTS, INCLUDING THOSE WITH HIGH FINANCIAL NEED. IN FISCAL 2023-2024, 100% OF FULL-TIME TRADITIONAL...

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FINANCIAL AID - TO STUDENTS - GWYNEDD PROVIDES ACCESS TO HIGHER EDUCATION FOR A DIVERSE GROUP OF STUDENTS, INCLUDING THOSE WITH HIGH FINANCIAL NEED. IN FISCAL 2023-2024, 100% OF FULL-TIME TRADITIONAL DEGREE-SEEKING UNDERGRADUATE STUDENTS RECEIVED SOME FORM OF FINANCIAL AID AND 100% OF FIRST-TIME, FULL-TIME STUDENTS RECEIVED SOME FORM OF FINANCIAL AID IN FISCAL 2023-24.GWYNEDD MERCY UNIVERSITY IS COMMITTED TO PRODUCING GRADUATES WHO MAKE THE WORLD A BETTER PLACE. TO PROVIDE STUDENTS ACCESS TO A GREAT EDUCATION AT AN AFFORDABLE COST, GWYNEDD MERCY UNIVERSITY OFFERS SEVERAL SCHOLARSHIPS AND GRANTS. KNOWN AS "GIFT ASSISTANCE," THESE SCHOLARSHIPS AND GRANTS DO NOT NEED TO BE REPAID, AND GENERALLY ARE RENEWABLE FOR AN ADDITIONAL THREE YEARS FOR FIRST-YEAR UNDERGRADUATE STUDENTS AND TWO YEARS FOR TRANSFER UNDERGRADUATE STUDENTS. UNDERGRADUATE TUITION IS SET FOR THE ACADEMIC YEAR BASED ON ACADEMIC PROGRAMS. STUDENTS ALSO ARE CHARGED A COMPREHENSIVE FEE, WHICH CONTRIBUTES TOWARD THE COSTS OF PROVIDING COMPUTER/TECHNOLOGY ACCESS, ACTIVITIES, USE OF FACILITIES, AND OTHER RESOURCES AND SERVICES GENERALLY AVAILABLE TO ALL STUDENTS. GRADUATE AND ACCELERATED PROGRAM TUITION IS BILLED PER CREDIT HOUR AND THE ADMINISTRATIVE COSTS OF A STUDENT'S EDUCATION ARE COVERED THROUGH PROGRAM FEES. FULL-TIME TRADITIONAL UNDERGRADUATE STUDENTS RECEIVE AWARD LETTERS DETAILING ANY AID FOR WHICH THEY ARE ELIGIBLE. OUR AID PACKAGES ACCOUNT FOR TUITION, FEES, ROOM, BOARD, BOOKS, SUPPLIES, TRANSPORTATION, AND MISCELLANEOUS EXPENSES. A TYPICAL AID PACKAGE INCLUDES GRANTS OR SCHOLARSHIPS, A LOW-INTEREST STUDENT LOAN, AND CAMPUS EMPLOYMENT (UP TO 15 HOURS PER WEEK). UNDERGRADUATES WILL LIKELY RECEIVE THE SAME AMOUNT ALL FOUR YEARS AS LONG AS THEY SUBMIT THE FAFSA ANNUALLY, CONTINUE TO MEET ALL CONDITIONS OF THE AWARD, AND THEIR NEED REMAINS ESSENTIALLY UNCHANGED.

Program 3
Expenses: $3,782,000 Revenue: $2,947,000

HOUSING AND MEAL SERVICES FOR STUDENTS - GWYNEDD PROVIDES LIVING ARRANGEMENTS THAT SUPPORT AND ENHANCE EDUCATIONAL AND SOCIAL EXPERIENCES TO HELP DEVELOP IMPORTANT LIFE SKILLS. GWYNEDD HAS THREE...

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HOUSING AND MEAL SERVICES FOR STUDENTS - GWYNEDD PROVIDES LIVING ARRANGEMENTS THAT SUPPORT AND ENHANCE EDUCATIONAL AND SOCIAL EXPERIENCES TO HELP DEVELOP IMPORTANT LIFE SKILLS. GWYNEDD HAS THREE RESIDENCE HALLS; ONE IS DEDICATED TO FIRST-YEAR STUDENTS AND TWO ACCOMMODATE TRANSFER STUDENTS AND SOPHOMORES THROUGH SENIORS. ROOM TYPES RANGE FROM SINGLE AND DOUBLE OCCUPANCY TO LIVING SUITES. HOUSING ASSIGNMENTS ARE MADE BASED ON A VARIETY OF FACTORS INCLUDING CLASS YEAR, GENDER, LIFESTYLE PREFERENCES, ROOMMATE REQUESTS, SPACE AVAILABILITY AND HOUSING DEPOSIT DATE.GWYNEDD OFFERS FLEXIBILITY TO STUDENTS THROUGH ITS DINING OPTIONS. ALL RESIDENTS ARE REQUIRED TO CHOOSE ONE OF THREE MEAL PLANS: 15 OR 10 MEALS A WEEK OR A 100 MEAL BLOCK PLAN. COMMUTER MEAL PLAN OPTIONS WERE ALSO ADDED IN FISCAL 2019 TO BETTER ACCOMMODATE THE NEEDS OF OUR COMMUTER STUDENTS. THOSE OPTIONS INCLUDE 15 AND 10 MEAL BLOCK PLANS.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,027,000
Program Service Revenue $54,487,000
Investment Income $4,923,000
Other Revenue $452,600
TOTAL REVENUE $63,889,600

Expense Breakdown

Grants Paid $17,832,000
Salaries & Benefits $26,411,000
Fundraising Expenses $832,000
Program Expenses $56,445,600
Other Expenses $24,817,600
TOTAL EXPENSES $69,120,600

Year-over-Year Comparison

2023 2022 Change
Revenue $63,889,600 $71,964,000 -0.1%
Expenses $69,120,600 $70,101,000 0.0%
Net Income $-5,231,000 $1,863,000 -3.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
23
Independent Members
22
Employees
1253
Volunteers
58

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$764,072
Total Directors
24
$445,309
Key Employees
3
$651,281
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DEANNE D'EMILIO PRESIDENT AND CEO 40.00
Officer Director
$402,731 $42,578 $445,309
CHARLOTTE O MCKINES CHAIR 4.00
Officer Director
$0 $0 $0
SALLY W WILLIAMS VICE CHAIR 2.00
Officer Director
$0 $0 $0
BARBARA BUCKLEY RSM TRUSTEE 2.00
Director
$0 $0 $0
DONNA DOROZINKSY TRUSTEE 2.00
Director
$0 $0 $0
S MARGARET ANNE DOUGHERTY RSM TRUSTEE 2.00
Director
$0 $0 $0
JIE DU PHD TRUSTEE 2.00
Director
$0 $0 $0
ERIN DUFFY TRUSTEE 2.00
Director
$0 $0 $0
ROBERT DUNNE TRUSTEE 2.00
Director
$0 $0 $0
MELISSA FITZPATRICK TRUSTEE 2.00
Director
$0 $0 $0
JOHN CS KEPNER JD TRUSTEE 2.00
Director
$0 $0 $0
MICHAEL LAIGN TRUSTEE 2.00
Director
$0 $0 $0
MARY ANN MCGINLEY-FITZPATRICK TRUSTEE 2.00
Director
$0 $0 $0
CATHERINE MCMAHON RSM TRUSTEE 2.00
Director
$0 $0 $0
CHRISTOPHER PACHECO TRUSTEE 2.00
Director
$0 $0 $0
DENNIS PFLEIGER TRUSTEE 2.00
Director
$0 $0 $0
MARGARET TAYLOR RSM JD TRUSTEE 2.00
Director
$0 $0 $0
LYDIA HERNANDEZ VELEZ TRUSTEE 2.00
Director
$0 $0 $0
REGINA WARD RSM TRUSTEE 2.00
Director
$0 $0 $0
DENISE ALLEN WILLIAMS TRUSTEE 2.00
Director
$0 $0 $0
NANCY DUNLEAVY TRUSTEE 2.00
Director
$0 $0 $0
JOSEPH L ENGLAND TRUSTEE 2.00
Director
$0 $0 $0
EILEEN FOLEY GUEST TRUSTEE 2.00
Director
$0 $0 $0
VLADIMIR BIEN-AIME TRUSTEE (TO 10/2023) 2.00
Director
$0 $0 $0
HEATHER MEIER VP OF FINANCE & ADMINISTRATION/CFO 37.50
Officer
$198,800 $22,780 $221,580
KATE BRESLIN ASSISTANT TO THE PRESIDENT 37.50
Officer
$85,000 $12,183 $97,183
JAMES TRUSDELL COO 37.50
Key Emp
$187,860 $51,088 $238,948
KELLY STATMORE CHIEF MARKETING & INNOVATION OFFICER 37.50
Key Emp
$150,480 $36,225 $186,705
KEITH RICHARDSON VP UNIVERSITY ADV. (UNTIL 1/5/24) 37.50
Key Emp
$202,175 $23,453 $225,628
MARY SORTINO DEAN,SCHOOL OF GRAD/PROF(TO 6/14/24) 37.50
Highest
$153,676 $29,890 $183,566
DIANNA SOFO ASSISTANT VP FOR HR 37.50
Highest
$149,000 $21,699 $170,699
JOSHUA STERN VP FOR STUDENT SER. & DEAN OF STUDENTS 37.50
Highest
$140,352 $16,784 $157,136
JENNIFER GINNETTI SENIOR ASSOCIATE VP & DEPUTY CFO 37.50
Highest
$137,700 $15,032 $152,732
SUZANNE PRESTOY PROFESSOR, GRADUATE NURSING 37.50
Highest
$139,632 $32,471 $172,103
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $63,889,600 $69,120,600 $144,993,000 $-5,231,000
2023 $71,964,000 $70,101,000 $134,052,000 $1,863,000
2022 $104,761,000 $72,032,000 $138,553,000 $32,729,000
2021 $74,885,000 $77,488,000 $123,239,000 $-2,603,000
2020 $80,570,000 $77,412,000 $122,049,000 $3,158,000
2019 $82,919,000 $79,103,000 $116,791,000 $3,816,000
2018 $80,495,000 $77,494,000 $116,434,000 $3,001,000
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