PENNSYLVANIA INSTITUTE OF TECHNOLOGY

EIN: 231543518 501(c)(3) Education

MEDIA, PA

Total Revenue
$20,885,861
Total Expenses
$13,149,947
Total Assets
$22,128,377
Net Assets
$20,783,879
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1953
Legal Domicile
PA
Principal Officer
H MATTHEW MEYERS
Phone
6108921500
Tax Period
2024-07-01 to 2025-06-30

PENNSYLVANIA INSTITUTE OF TECHNOLOGY, founded in 1953, is a mid-sized nonprofit in the Education sector that reported $20.9M in total revenue in fiscal year 2024. Revenue surged 48% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.7M, a strong 37% operating margin.

Mission

THE MISSION OF PENNSYLVANIA INSTITUTE OF TECHNOLOGY IS STUDENT SUCCESS. CONTINUED ON SCHEDULE O.THE COLLEGE PROVIDES A SUPPORTIVE ENVIRONMENT TO ENABLE COMMITTED STUDENTS TO SUCCEED BY OFFERING THE BEST COLLEGIATE EDUCATION FOR CAREER ADVANCEMENT, TRANSFER OPPORTUNITIES, AND PERSONAL GROWTH.

Program Service Accomplishments

Program 1
Expenses: $10,355,145 Revenue: $15,258,637

P.I.T.'S ACADEMIC PROGRAMS ARE ORGANIZED INTO BACHELOR'S, ASSOCIATE DEGREE, AND CAREER CERTIFICATE OPTIONS. MANY OF THE PROGRAMS PREPARE GRADUATES TO OBTAIN STATE OR NATIONAL INDUSTRY CERTIFICATION...

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P.I.T.'S ACADEMIC PROGRAMS ARE ORGANIZED INTO BACHELOR'S, ASSOCIATE DEGREE, AND CAREER CERTIFICATE OPTIONS. MANY OF THE PROGRAMS PREPARE GRADUATES TO OBTAIN STATE OR NATIONAL INDUSTRY CERTIFICATION IN THEIR FIELD. A BACHELOR'S DEGREE IN BUSINESS IS AVAILABLE ALONG WITH ASSOCIATE DEGREE PROGRAMS INCLUDING GENERAL STUDIES, HEALTH SCIENCE, HEALTHCARE MANAGEMENT, BUSINESS MANAGEMENT, ALLIED HEALTH, PHYSICAL THERAPIST ASSISTANT, DIAGNOSTIC MEDICAL SONOGRAPHY, AND THREE TRACKS OF CANNABIS STUDIES. THROUGH ITS SCHOOL OF PROFESSIONAL PROGRAMS, P.I.T. OFFERS CAREER CERTIFICATES IN PRACTICAL NURSING, AND MEDICAL ASSISTING. CONTINUED ON SCHEDULE O.STUDENTS IN DEGREE PROGRAMS EARN TRANSFERABLE COLLEGE CREDITS. STUDENTS IN ALLIED HEALTH CAREER CERTIFICATE PROGRAMS, UPON GRADUATION, MAY FURTHER THEIR EDUCATION AT P.I.T. BY COMPLETING ADDITIONAL REQUIRED COURSES TO EARN AN ASSOCIATE DEGREE IN ALLIED HEALTH TECHNOLOGY. DEGREE GRADUATES MAY TRANSFER THEIR CREDITS TO ONE OF THE MANY COLLEGES AND UNIVERSITIES WITH WHOM THE COLLEGE HAS ESTABLISHED MATRICULATION AGREEMENTS.IN ADDITION TO P.I.T.'S NATIONALLY RECOGNIZED ACADEMIC DEVELOPMENTAL PROGRAM AND LIBRARY SERVICES, STUDENT SUPPORT PROGRAMS INCLUDE CAREER PLANNING, COLLEGE SUCCESS WORKSHOPS, TUTORING, ACADEMIC SUPPORT COUNSELING, AND CAREER PLACEMENT. THE COLLEGE ALSO PROVIDES FULL AND PARTIAL SCHOLARSHIPS TO MANY STUDENTS WHO WOULD OTHERWISE NOT BE FINANCIALLY ABLE TO PURSUE A COLLEGIATE TECHNICAL EDUCATION. ENROLLMENT GROWTH:P.I.T. EXPERIENCED A SIGNIFICANT INCREASE IN STUDENT ENROLLMENT, REINFORCING ITS REPUTATION AS A PREFERRED INSTITUTION FOR HIGHER EDUCATION.ENHANCED TRANSFER OPPORTUNITIES:THE INSTITUTE STRENGTHENED PARTNERSHIPS WITH FOUR-YEAR COLLEGES, FACILITATING SMOOTHER TRANSFER PATHWAYS FOR STUDENTS AND EXPANDING THEIR ACADEMIC AND CAREER PROSPECTS.CAREER-FOCUSED EDUCATION:P.I.T. CONTINUED TO EMPHASIZE CAREER-ENHANCING PROGRAMS, ENSURING THAT GRADUATES ARE WELL-PREPARED TO MEET THE DEMANDS OF THE EVOLVING JOB MARKET.COMMITMENT TO STUDENT SUCCESS:THE INSTITUTE MAINTAINED A SUPPORTIVE ENVIRONMENT DEDICATED TO STUDENT ACHIEVEMENT, OFFERING RESOURCES AND EXPERIENCES THAT PROMOTE PERSONAL GROWTH AND ACADEMIC EXCELLENCE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,994,101
Program Service Revenue $15,258,637
Investment Income $619,575
Other Revenue $13,548
TOTAL REVENUE $20,885,861

Expense Breakdown

Grants Paid $417,199
Salaries & Benefits $8,834,071
Fundraising Expenses $199,958
Program Expenses $10,355,145
Other Expenses $3,898,677
TOTAL EXPENSES $13,149,947

Year-over-Year Comparison

2024 2023 Change
Revenue $20,885,861 $14,079,332 +0.5%
Expenses $13,149,947 $11,544,605 +0.1%
Net Income $7,735,914 $2,534,727 +2.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
222
Volunteers
75

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
7
$591,363
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR JAMES CAPOLUPO CHAIRMAN 1.00
Officer Director
$0 $0 $0
PAUL H WOODRUFF PE VICE CHAIR 1.00
Officer Director
$0 $0 $0
MARY KAY BURKE SECRETARY 1.00
Officer Director
$0 $0 $0
RICHARD H DOYLE CPA TREASURER 1.00
Officer Director
$0 $0 $0
STEVE BUCHANAN TRUSTEE 1.00
Director
$0 $0 $0
WILLIAM DOUGHERTY TRUSTEE 1.00
Director
$0 $0 $0
SUSAN K GARRISON ESQ TRUSTEE 1.00
Director
$0 $0 $0
KATHY HYNSON LPN TRUSTEE 1.00
Director
$0 $0 $0
ELIZABETH MENSCHNER DNP TRUSTEE 1.00
Director
$0 $0 $0
DONNA RUST TRUSTEE 1.00
Director
$0 $0 $0
WILLIAM E SCHMIDT MBA TRUSTEE 1.00
Director
$0 $0 $0
WALTER M STRINE JR TRUSTEE 1.00
Director
$0 $0 $0
JOAN YOUNG TRUSTEE 1.00
Director
$0 $0 $0
ROBERT M MADONNA TRUSTEE 1.00
Director
$0 $0 $0
JANICE MILLER LYON TRUSTEE 1.00
Director
$0 $0 $0
ANTINUKE MOSS JD TRUSTEE (UNTIL 12/2024) 1.00
Director
$0 $0 $0
GERI SWINDELL BSN TRUSTEE (UNTIL 06/2025) 1.00
Director
$0 $0 $0
H MATTHEW MEYERS PRESIDENT AND CEO 50.00
Officer
$224,480 $28,062 $252,542
ANNAMARIE CASSIDY VP/CHIEF FINANCIAL OFFICER 50.00
Officer
$149,648 $17,893 $167,541
HEATHER PFLEGER VP ACADEMIC AFFAIRS 40.00
Officer
$142,497 $28,783 $171,280
CRAIG JACOBS VP DATA AND TECHNOLOGY 40.00
Highest
$133,662 $8,020 $141,682
LOUIS GIANNOTTI CANNABIS PROGRAM DIRECTOR 40.00
Highest
$127,583 $27,710 $155,293
LAURA BLOMGREN VP ENROLLMENT MANAGEMENT 40.00
Highest
$125,518 $16,342 $141,860
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 $20,885,861 $13,149,947 $22,128,377 $7,735,914
2024 No data No data No data No data
2023 $13,264,190 $10,953,463 $10,725,186 $2,310,727
2022 $13,243,605 $9,626,722 $8,362,791 $3,616,883
2021 $11,670,496 $9,446,711 $6,095,990 $2,223,785
2020 $10,535,159 $7,665,577 $4,680,689 $2,869,582
2019 $7,880,117 $7,327,476 $6,291,302 $552,641
2018 $11,601,065 $7,338,295 $6,003,431 $4,262,770
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