LEHIGH UNIVERSITY

EIN: 240795445 501(c)(3) Education

BETHLEHEM, PA

Total Revenue
$840,062,522
Total Expenses
$731,172,334
Total Assets
$3,464,195,116
Net Assets
$2,738,097,882
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1866
Legal Domicile
PA
Principal Officer
JOSEPH J HELBLE
Phone
6107583143
Tax Period
2024-07-01 to 2025-06-30

LEHIGH UNIVERSITY, founded in 1866, is a major nonprofit in the Education sector that reported $840.1M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $731.2M left a modest 13% surplus.

Mission

THE UNIVERSITY'S GOAL IN THE COMING DECADE IS TO ADVANCE LEARNING THROUGH THE INTEGRATION OF TEACHING, RESEARCH AND SERVICE TO OTHERS. THE CORE OF THIS GOAL IS TO PREPARE GRADUATES TO ENGAGE WITH THE WORLD AND LEAD LIVES OF MEANING. TO DO THIS, THE UNIVERSITY COMMITS TO ACHIEVE NATIONAL AND INTERNATIONAL RESEARCH PROMINENCE; PROVIDE LEARNING EXPERIENCES GROUNDED IN FUNDAMENTAL, TRANSFERABLE SKILLS ACROSS ALL DISCIPLINES AND IN REAL WORLD CHALLENGES; PROMOTE STRATEGIC RISK-TAKING IN THE PRESENCE OF OPPORTUNITY AND ADVERSITY; SUPPORT SOCIAL, ENVIRONMENTAL AND ECONOMIC SUSTAINABILITY; PROVIDE MEANINGFUL CONNECTIONS AND PARTNERSHIPS WITH ALUMNI, SUPPORTERS, AND CITIZENS AROUND THE GLOBE; PROVIDE A ROBUST RETURN ON THE INVESTMENT IN A LEHIGH EDUCATION; AND PROMOTE A DIVERSE, INCLUSIVE, AND FINANCIALLY ACCESSIBLE ENVIRONMENT.

Program Service Accomplishments

Program 1
Expenses: $463,094,588 Revenue: $424,703,194

INSTRUCTION: LEHIGH IS AN INDEPENDENT, COEDUCATIONAL UNIVERSITY WITH PROGRAMS OFFERED IN FOUR COLLEGES: ARTS AND SCIENCES, BUSINESS AND ECONOMICS, EDUCATION, AND ENGINEERING AND APPLIED SCIENCES. AN...

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INSTRUCTION: LEHIGH IS AN INDEPENDENT, COEDUCATIONAL UNIVERSITY WITH PROGRAMS OFFERED IN FOUR COLLEGES: ARTS AND SCIENCES, BUSINESS AND ECONOMICS, EDUCATION, AND ENGINEERING AND APPLIED SCIENCES. AN INTERDISCIPLINARY MINDSET HAS LONG BEEN A PART OF THE LEHIGH CULTURE AND IS EVIDENT IN THE UNIVERSITY'S APPROACH TO TEACHING AND RESEARCH. LEHIGH'S UNDERGRADUATE AND GRADUATE STUDENTS WORK IN A COLLABORATIVE ENVIRONMENT, WHERE THEY HAVE THE OPPORTUNITY TO WORK CLOSELY WITH FACULTY, STAFF AND FELLOW STUDENTS IN A PERSONALIZED SETTING. LEHIGH UNIVERSITY COMPRISES FIVE COLLEGES, FOUR OF WHICH CONFER UNDERGRADUATE, MASTER'S, AND DOCTORAL DEGREES. THE FIFTH COLLEGE OFFERS GRADUATE-LEVEL PROGRAMS ONLY, INCLUDING BOTH MASTER'S AND DOCTORAL DEGREES. ALL FIVE COLLEGES ACTIVELY COLLABORATE ON CROSS-DISCIPLINARY ACADEMIC PROGRAMS AND FACULTY RESEARCH INITIATIVES, LEHIGH OFFERS APPROXIMATELY 60 UNDERGRADUATE AND GRADUATE DEGREES AND OFFERS MORE THAN 100 UNDERGRADUATE PROGRAMS AND MAJORS, FEATURING MORE THAN 2,100 COURSES. THERE ARE APPROXIMATELY 90 PROGRAMS OFFERED AT THE GRADUATE LEVEL. IN THE FALL OF 2024, LEHIGH UNDERGRADUATE ENROLLMENT WAS 5,878 FTE UNDERGRADUATE STUDENTS AND 1,373 FTE GRADUATE STUDENTS."

Program 2
Expenses: $71,063,550 Revenue: $926,568

RESEARCH: LEHIGH IS COMMITTED TO THE PURSUIT OF NEW KNOWLEDGE, CREATIVE DISCOVERY, SCHOLARLY INQUIRY, AND ESTABLISHING A VIBRANT INTELLECTUAL CULTURE THAT PERVADES THE CAMPUS COMMUNITY. FACULTY...

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RESEARCH: LEHIGH IS COMMITTED TO THE PURSUIT OF NEW KNOWLEDGE, CREATIVE DISCOVERY, SCHOLARLY INQUIRY, AND ESTABLISHING A VIBRANT INTELLECTUAL CULTURE THAT PERVADES THE CAMPUS COMMUNITY. FACULTY RESEARCH AND CREATIVE WORK HAS BEEN RECOGNIZED NATIONALLY AND INTERNATIONALLY BY HIGH HONORS FROM PEERS, SIGNIFICANT GRANTS AND FUNDING, PATENTS GRANTED, AND NUMEROUS AND VARIED AWARDS. LEHIGH FACULTY HAVE CONTRIBUTED TO ADVANCEMENTS IN THEIR DISCIPLINES AND HAVE BEEN AT THE FOREFRONT OF MAJOR DISCOVERIES THAT HAVE IMPROVED THE LIVES OF MILLIONS. THIS SCHOLARLY INQUIRY AND RESEARCH POSITIVELY IMPACTS AND ENHANCES THE LEARNING EXPERIENCE IN THE CLASSROOM. TOGETHER WITH TRADITIONAL FACULTY SCHOLARSHIP ACTIVITIES, APPROXIMATELY 660 ACTIVELY SUPPORTED RESEARCH PROJECTS WERE CONDUCTED IN FISCAL YEAR 2025.

Program 3
Expenses: $67,049,280 Revenue: $66,889,016

AUXILIARY SERVICES: STUDENT LIFE AT LEHIGH CREATES A BALANCED EDUCATIONAL EXPERIENCE THAT INTEGRATES FORMAL STUDIES WITH RESIDENTIAL LIFE AND A VIBRANT ARRAY OF STUDENT ORGANIZATIONS AND ACTIVITIES...

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AUXILIARY SERVICES: STUDENT LIFE AT LEHIGH CREATES A BALANCED EDUCATIONAL EXPERIENCE THAT INTEGRATES FORMAL STUDIES WITH RESIDENTIAL LIFE AND A VIBRANT ARRAY OF STUDENT ORGANIZATIONS AND ACTIVITIES. LEHIGH IS A CARING COMMUNITY DEEPLY COMMITTED TO HARMONIOUS CULTURAL DIVERSITY AS AN ESSENTIAL ELEMENT OF THE LEARNING ENVIRONMENT. IN ORDER THAT ALL MEMBERS OF THE LEHIGH COMMUNITY MIGHT DEVELOP AS EFFECTIVE AND ENLIGHTENED CITIZENS, THE UNIVERSITY ENCOURAGES PHYSICAL, SOCIAL, ETHICAL AND SPIRITUAL DEVELOPMENT AS WELL AS RIGOROUS INTELLECTUAL DEVELOPMENT. IN FISCAL YEAR 2025, APPROXIMATELY 3,907 UNDERGRADUATE STUDENTS RESIDED IN RESIDENCE HALLS, FRATERNITIES OR SORORITIES AND APPROXIMATELY 212 RESIDENTS OCCUPIED GRADUATE HOUSING ON LEHIGH'S CAMPUS.

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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 $114,372,604
Program Service Revenue $504,698,237
Investment Income $219,895,344
Other Revenue $1,096,337
TOTAL REVENUE $840,062,522

Expense Breakdown

Grants Paid $186,791,238
Salaries & Benefits $311,520,614
Fundraising Expenses $21,357,146
Program Expenses $633,671,512
Other Expenses $232,810,985
TOTAL EXPENSES $731,172,334

Year-over-Year Comparison

2024 2023 Change
Revenue $840,062,522 $748,495,878 +0.1%
Expenses $731,172,334 $690,327,461 +0.1%
Net Income $108,890,188 $58,168,417 +0.9%
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
28
Independent Members
28
Employees
1964
Volunteers
1415

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
6
$3,585,337
Total Directors
28
$0
Key Employees
3
$2,431,315
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KRISTIN AGATONE CHIEF INVESTMENT OFF. 40.0
Key Emp
$1,369,597 $60,113 $1,429,710
JOSEPH J HELBLE PRESIDENT 40.0
Officer
$1,084,009 $61,845 $1,145,854
NATHANIEL N URBAN PROVOST 40.0
Officer
$732,579 $53,362 $785,941
MICHAEL D GOULD DIRECTOR INVEST. OFF. 40.0
Highest
$696,296 $56,517 $752,813
PAUL BROCKMAN PROFESSOR 40.0
Highest
$535,725 $52,468 $588,193
GEORGETTE C PHILLIPS DEAN,COLL. BUS. & ECON. 40.0
Highest
$536,997 $35,253 $572,250
FRANK A ROTH GENERAL COUNSEL, SECRETARY 40.0
Officer
$484,532 $52,554 $537,086
JOHN WELTY PROVOST, WEST REG. OFF. 40.0
Highest
$474,248 $43,929 $518,177
STEPHEN P DEWEERTH DEAN,P.C.ROSSIN COLL OF ENG 40.0
Key Emp
$456,104 $52,525 $508,629
ROBERT A FLOWERS DEAN,COLL. ARTS & SCI. 40.0
Key Emp
$375,224 $117,752 $492,976
KATHLEEN HANLEY PROFESSOR 40.0
Highest
$424,820 $50,862 $475,682
CHRISTINE COOK VP FINANCE & ADMINISTRATION 40.0
Officer
$428,276 $38,661 $466,937
DAVID L HAMMER ASSOCIATE VP & TREASURER 40.0
Officer
$236,532 $111,937 $348,469
MICHAEL J TODD VP FIN & ADMIN THRU 07/05 40.0
Officer
$272,113 $28,937 $301,050
JOHN D SIMON PROFESSOR/FORMER PRESIDENT 40.0
$160,519 $25,282 $185,801
VINCENT A FORLENZA CHAIRMAN, BOARD OF TRUSTEES 3.0
Director
$0 $0 $0
JORDAN HITCH VICE CHAIR, BOARD OF TRUSTEES 2.0
Director
$0 $0 $0
ANN LEWNES VICE CHAIR, BOARD OF TRUSTEES 2.0
Director
$0 $0 $0
FRANCESCA A BARTLETT TRUSTEE 1.0
Director
$0 $0 $0
JEFFREY BOSLAND TRUSTEE 1.0
Director
$0 $0 $0
PAUL A CAMUTI TRUSTEE 1.0
Director
$0 $0 $0
ERIC A CLEMENT TRUSTEE 1.0
Director
$0 $0 $0
FREDERICK R COLEMAN TRUSTEE 1.0
Director
$0 $0 $0
SANDRA L DENTON TRUSTEE 1.0
Director
$0 $0 $0
DINA DILORENZO TRUSTEE 1.0
Director
$0 $0 $0
ANDREW D FREED TRUSTEE 1.0
Director
$0 $0 $0
JAMES H GARRETT JR TRUSTEE 1.0
Director
$0 $0 $0
FAITH R GLAZIER TRUSTEE 1.0
Director
$0 $0 $0
TED HARRIS TRUSTEE 1.0
Director
$0 $0 $0
COREY L HARRISON TRUSTEE 1.0
Director
$0 $0 $0
CHRISTOPHER D HITE TRUSTEE 1.0
Director
$0 $0 $0
MARY T KUSH TRUSTEE 1.0
Director
$0 $0 $0
JAMES R MAIDA TRUSTEE 1.0
Director
$0 $0 $0
KENDALL B O'BRIEN TRUSTEE 1.0
Director
$0 $0 $0
MICHELE M SCARINGELLA TRUSTEE 1.0
Director
$0 $0 $0
CHRISTOPHER M SCOTT TRUSTEE 1.0
Director
$0 $0 $0
SARAT SETHI TRUSTEE 1.0
Director
$0 $0 $0
ERIKA J SMITH TRUSTEE 1.0
Director
$0 $0 $0
SANDRA L STELLING TRUSTEE 1.0
Director
$0 $0 $0
STEPHEN S TANG TRUSTEE 1.0
Director
$0 $0 $0
MARY BETH C TULLY TRUSTEE 1.0
Director
$0 $0 $0
TED WALSH TRUSTEE 1.0
Director
$0 $0 $0
MARK R YEAGER TRUSTEE 1.0
Director
$0 $0 $0
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 $840,062,522 $731,172,334 $3,464,195,116 $108,890,188
2024 $748,495,878 $690,327,461 $3,269,250,521 $58,168,417
2023 $695,392,244 $633,294,461 $3,127,359,714 $62,097,783
2022 $713,288,867 $590,518,652 $3,057,301,515 $122,770,215
2021 $589,798,748 $506,971,844 $3,151,567,912 $82,826,904
2020 $506,773,429 $524,370,908 $2,533,120,795 $-17,597,479
2019 $550,336,671 $521,654,535 $2,562,395,480 $28,682,136
2018 $549,754,309 $503,477,320 $2,419,878,836 $46,276,989
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