EIN 24-0795506

Wilkes University

IRS 501(c) type
501(c)(3)
Num. employees
1,866
Year formed
1933
Most recent tax filings
2022-05-01
Description
Wilkes University is a student-centric institution focused on providing exceptional teaching and academic excellence. It offers a range of services which aim to contribute to the students' physical, emotional, intellectual and social development. Wilkes is committed to liberally educating its students for lifelong learning and success in the ever-changing world, while providing individualized attention. It is located in Wilkes Barre, PA.
Total revenues
$160,900,129
2022
Total expenses
$153,585,983
2022
Total assets
$255,715,402
2022
Num. employees
1,866
2022

Program areas at Wilkes University

Instruction: includes all expenditures for activities that are part of the institution's instructional programs. This includes credit and non credit courses, academic, vocational and technical instruction. The University offers 48 undergraduate majors, 15 graduate programs and several pre-professional programs. Enrollment includes 2,007 full-time undergraduate students from 30 states and 13 foreign countries. Class sizes are kept small to enable greater access to professors and more individualized attention in the classroom. Undergraduate freshmen class sizes average 19 students with 15 students for upper level classes. Wilkes is dedicated to being a leader in higher education throughout the northeastern united states and is dedicated to academic excellence through mentoring. (continued on schedule o)this also includes expenditures for general, need based, and endowment scholarships and fellowships from restricted or unrestricted current funds in the form of grants to students. At least 90% of students received some form of financial aid. Grants awarded include seog scholarships, Wilkes need based grants and Wilkes merit based scholarships.
Academic support - includes funds expended to provide support services for the institution's primary mission of instruction, research, and public service. The academic administration of the University including academic deans but not department chairs that are charged to their primary function category are found in this program. All salaries, benefits, and other expenses for the library are also considered academic support.research - includes all expenditures for activities specifically organized to produce research, whether commissioned by an agency external to the institution or separately budgeted within the University. Charged to this program are (continued on schedule o) expenditures related to the institute for public policy and economic development, a partnership among several local colleges with the function of producing research to assist community leaders in making informed decisions. In addition to this, the expenses of several research grants are recorded to the research classification.public service - includes funds expended for activities established primarily to provide non-instructional services beneficial to individuals and groups external to the University. The expenses of the small business development center, radio and television studios, shine program, allan p kirby center for free enterprise, business incubator, and several community lecture series are among those posted to this program.
Student services - includes funds expended for activities with the primary purpose of contributing to the students' emotional and physical well-being and intellectual, cultural, and social development outside the context of the formal instruction program. Wilkes classifies the following offices into this program: offices of enrollment services (admissions), registrar, financial aid administration, career services, and health and wellness services. In addition, expenditures for student activities, cultural events, intramural and intercollegiate athletics, freshman orientation, and student clubs and organizations are considered student services for financial statement purposes.

Who funds Wilkes University

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$216,600
Mccole FoundationEducation Purposes$200,000
Arthur Margaret T Fbo Wilkes Univ-TrGeneral Operating$127,500
...and 33 more grants received totalling $1,006,196
Federal funding details
Federal agencyProgram nameAmount
Department of EducationFEDERAL DIRECT STUDENT LOANS$36,421,279
Department of EducationCOVID-19 EDUCATION STABILIZATION FUND$3,509,727
Department of EducationFEDERAL PELL GRANT PROGRAM$3,373,868
...and 14 more federal grants / contracts

Personnel at Wilkes University

NameTitleCompensation
Ellen GallagherVice President of Finance and Chief Operating Officer$0
Loren D PrescottVice President Finance and Chief Operating Officer / Vice President Finance and General Counsel / Vice President of Finance and General Counsel / Vice President of Finance / Vice President , Finance and General Counsel$245,477
Margaret SteeleChief Development Officer$157,284
Joseph P HousenickAssociate Vice President and Chief Human Resources Officer$155,461
Loren D. Prescott Jr.Vice President of Finance and General Counsel
...and 23 more key personnel

Financials for Wilkes University

RevenuesFYE 05/2022
Total grants, contributions, etc.$15,815,462
Program services$141,908,571
Investment income and dividends$2,057,551
Tax-exempt bond proceeds$0
Royalty revenue$137,323
Net rental income$-4,472
Net gain from sale of non-inventory assets$956,983
Net income from fundraising events$28,711
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$160,900,129

Form 990s for Wilkes University

Fiscal year endingDate received by IRSFormPDF link
2022-052023-04-04990View PDF
2021-052022-03-24990View PDF
2020-052021-04-15990View PDF
2019-052020-10-02990View PDF
2018-052019-05-14990View PDF
...and 8 more Form 990s

Organizations like Wilkes University

OrganizationLocationRevenue
University of St Francis (USF)Joliet, IL$74,870,772
Lipscomb UniversityNashville, TN$227,470,382
Wake Forest University (WFU)Winston Salem, NC$715,438,504
Touro UniversityNew York, NY$366,981,680
Hofstra UniversityHempstead, NY$606,887,297
Loyola UniversityNew Orleans, LA$211,887,950
University of San Diego (USD)San Diego, CA$586,050,045
Roosevelt UniversityChicago, IL$160,424,797
Long Island University (LIU)Brookville, NY$438,322,403
Pepperdine UniversityMalibu, CA$719,080,959
Data update history
July 5, 2023
Used new vendors
Identified 2 new vendors, including , and
June 16, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 14, 2023
Updated personnel
Identified 4 new personnel
June 10, 2023
Used new vendors
Identified 1 new vendor, including
June 8, 2023
Updated personnel
Identified 5 new personnel
Nonprofit Types
SchoolsHigher ed institutions
Issues
Education
Characteristics
Fundraising eventsOperates internationallyReceives government fundingEndowed supportCommunity engagement / volunteeringProvides scholarshipsGala fundraisersTax deductible donations
General information
Address
84 W S St
Wilkes Barre, PA 18766
Metro area
Scranton--Wilkes-Barre, PA
Website URL
wilkes.edu/ 
Phone
(570) 408-4500
Facebook page
WilkesUniversity 
Twitter profile
@wilkesu 
IRS details
EIN
24-0795506
Fiscal year end
May
Taxreturn type
Form 990
Year formed
1933
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B43: University or Technological Institute
NAICS code, primary
611310: Colleges, Universities, and Professional Schools
Parent/child status
Independent
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