2026-04-21T14:33:34-05:00 2025-06-30 390859910 BAKER TILLY ADVISORY GROUP LP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2024-07-01 231543518 PENNSYLVANIA INSTITUTE OF TECHNOLOGY PENN 6108921500 800 MANCHESTER AVE MEDIA PA 190634098 H MATTHEW MEYERS PRESIDENT AND CEO 6108921500 2026-04-17 1 1 KERRI N BOGDA P00760402 7177404863 2026-04-17 2024 2025-03-06 01:10:19Z H MATTHEW MEYERS 800 MANCHESTER AVE MEDIA PA 190634098 26377321 0 X WWW.PIT.EDU X 1953 PA TO PROVIDE STUDENT SUCCESS BY OFFERING THE BEST COLLEGIATE EDUCATION. 15 15 222 75 0 0 795234 4994101 12850622 15258637 421829 619575 11647 13548 14079332 20885861 179766 417199 0 0 7814676 8834071 0 0 199958 3550163 3898677 11544605 13149947 2534727 7735914 13394369 22128377 509675 1344498 12884694 20783879 X 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. 0 0 10355145 417199 15258637 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. 10355145 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 1 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 2012 0 222 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 PA X X ANNAMARIE CASSIDY CFO 6108921500 800 MANCHESTER AVENUE MEDIA PA 19063 DR JAMES CAPOLUPO CHAIRMAN 1.00 0.00 X X 0 0 0 PAUL H WOODRUFF PE VICE CHAIR 1.00 0.00 X X 0 0 0 MARY KAY BURKE SECRETARY 1.00 0.00 X X 0 0 0 RICHARD H DOYLE CPA TREASURER 1.00 0.00 X X 0 0 0 STEVE BUCHANAN TRUSTEE 1.00 0.00 X 0 0 0 WILLIAM DOUGHERTY TRUSTEE 1.00 0.00 X 0 0 0 SUSAN K GARRISON ESQ TRUSTEE 1.00 0.00 X 0 0 0 KATHY HYNSON LPN TRUSTEE 1.00 0.00 X 0 0 0 ELIZABETH MENSCHNER DNP TRUSTEE 1.00 0.00 X 0 0 0 DONNA RUST TRUSTEE 1.00 0.00 X 0 0 0 WILLIAM E SCHMIDT MBA TRUSTEE 1.00 0.00 X 0 0 0 WALTER M STRINE JR TRUSTEE 1.00 0.00 X 0 0 0 JOAN YOUNG TRUSTEE 1.00 0.00 X 0 0 0 ROBERT M MADONNA TRUSTEE 1.00 0.00 X 0 0 0 JANICE MILLER LYON TRUSTEE 1.00 0.00 X 0 0 0 ANTINUKE MOSS JD TRUSTEE (UNTIL 12/2024) 1.00 0.00 X 0 0 0 GERI SWINDELL BSN TRUSTEE (UNTIL 06/2025) 1.00 0.00 X 0 0 0 H MATTHEW MEYERS PRESIDENT AND CEO 50.00 0.00 X 224480 0 28062 ANNAMARIE CASSIDY VP/CHIEF FINANCIAL OFFICER 50.00 0.00 X 149648 0 17893 HEATHER PFLEGER VP ACADEMIC AFFAIRS 40.00 0.00 X 142497 0 28783 CRAIG JACOBS VP DATA AND TECHNOLOGY 40.00 0.00 X 133662 0 8020 LOUIS GIANNOTTI CANNABIS PROGRAM DIRECTOR 40.00 0.00 X 127583 0 27710 LAURA BLOMGREN VP ENROLLMENT MANAGEMENT 40.00 0.00 X 125518 0 16342 903388 0 126810 6 0 1 0 0 43232 556205 4394664 3962303 4994101 TUITION AND FEES 611600 15258637 15258637 15258637 622114 622114 3600 8682 -5082 -5082 -5082 5437800 5440339 -2539 -2539 -2539 45035 43232 30852 14183 14183 7082 11587 -4505 -4505 ADMIN FEES 900099 7480 7480 PROCESSING FEES REVENUE 900099 415 415 MISCELLANEOUS REVENUE 900099 347 347 710 710 8952 20885861 15258637 0 633123 417199 417199 499235 173836 325399 7059167 6238688 671939 148540 236304 201331 26931 8042 439843 368294 60301 11248 599522 515438 72330 11754 29380 29380 95684 95684 35588 35588 323392 180253 143139 324648 324648 943503 881251 58818 3434 79938 72102 7836 111647 111647 18445 15800 2329 316 4721 4721 283983 283983 173741 31637 142104 BAD DEBT EXPENSE 550500 550500 REPAIRS AND MAINTENANCE 421017 421017 GRANT EXPENSE 150221 150221 DUES, PUBLICATIONS AND 108469 86049 19579 2841 243800 201678 36175 5947 13149947 10355145 2594844 199958 1418511 295966 158868 2311918 24938 24595 163057 283981 68301 24376 285167 438425 5057105 2424959 1884200 2632146 9042389 16116970 131193 217745 0 13394369 22128377 426959 1216437 82716 128061 509675 1344498 X 12729510 16646524 155184 4137355 12884694 20783879 13394369 22128377 X 7735914 -48933 212204 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1776681 142746 1919427 1577981 198700 1776681 1975522 102459 500000 1577981 500000 1500000 -24478 1975522 500000 500000 1.00000 0.00000 0.00000 0 0 403600 403600 2366299 1334220 1032079 1597437 438914 1158523 689769 651825 37944 2632146 X 20683054 -48933 -204995 -253928 20936982 -51121 -51121 20885861 12783869 51121 51121 12732748 417199 417199 13149947 PART V, LINE 4: THE COLLEGE ENDOWMENT CONSISTS OF FUNDS ESTABLISHED FOR THE OPERATION OF THE COLLEGE. THE ENDOWMENT CONSISTS SOLELY OF BOARD-DESIGNATED FUNDS TO MEET THE REQUIREMENTS OF THE PENNSYLVANIA DEPARTMENT OF EDUCATION MINIMUM PROTECTIVE ENDOWMENT FOR A PRIVATE TWO-YEAR COLLEGE. NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS ARE CLASSIFIED AND REPORTED BASED ON THE ABSENCE OF DONOR-IMPOSED RESTRICTIONS. AS THE OBJECTIVE OF THE BOARD-DESIGNATED ENDOWMENT FUNDS IS TO MEET THE REQUIREMENTS OF PENNSYLVANIA DEPARTMENT OF EDUCATION, THE ENDOWMENT HELD IN SHORT TERM AND LOW RISK INVESTMENTS, SUCH AS MONEY MARKET ACCOUNTS. THE OBJECTIVE OF THE FUNDS IS TO MEET THE MINIMUM PROTECTIVE ENDOWMENT REQUIREMENTS, THEREFORE THERE ARE NO GAINS OR INVESTMENT YIELD ASSOCIATED WITH THE ENDOWMENT HELD. PART X, LINE 2: THE COLLEGE ACCOUNTS FOR UNCERTAINTIES IN INCOME TAXES IN ACCORDANCE WITH AUTHORITATIVE GUIDANCE, WHICH PRESCRIBES A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD HAS BEEN MET. MANAGEMENT DETERMINED THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD AT JUNE 30, 2025 AND 2024. PART XI, LINE 2D - OTHER ADJUSTMENTS: TUITION ASSISTANCE -417,199. TRANSFER FROM AFFILIATE 212,204. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING AND GAMING EXPENSES -30,852. COST OF GOODS SOLD -11,587. RENTAL EXPENSE -8,682. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING AND GAMING EXPENSES 30,852. COST OF GOODS SOLD 11,587. RENTAL EXPENSE 8,682. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE 417,199. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ADVERTISEMENTS AND ADMISSION PUBLICATIONS STATE THAT THE COLLEGE HAS A RACIALLY NON-DISCRIMINATORY POLICY. SCHEDULE E, PART I, LINE 6 AS AN ACCREDITED TWO-YEAR COLLEGE, PENNSYLVANIA INSTITUTE OF TECHNOLOGY ANNUALLY RECEIVES FEDERAL WORK STUDY, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS, STUDENT SUPPORT SERVICES (TRIO), AND PERKINS GRANTS. THESE PROGRAMS PROVIDE STUDENT SUPPORT SERVICES AND/OR DIRECT FUNDING TO STUDENTS. THE COLLEGE ALSO RECEIVES FUNDS FROM THE PENNSYLVANIA HIGHER EDUCATION ASSISTANCE AGENCY THROUGH ITS INSTITUTIONAL ASSISTANCE GRANT PROGRAM. AWARDS/GALA EVENT 88267 43232 45035 13323 11015 6514 88267 43232 45035 13323 11015 6514 30852 14183 1 STUDENT SCHOLARSHIPS 108 417199 PART I, LINE 2: PIT STAFF (BUSINESS OFFICE, GRANT ADMINISTRATOR, VICE PRESIDENT AND PROVOST) HAVE MONTHLY MEETINGS TO REVIEW GRANT DISBURSEMENTS. THE GRANT ADMINISTRATOR GOES TO CONFERENCES AS SCHEDULED. WHEN THE GRANT IS AWARDED TO STUDENTS, THEN FINANCIAL AID AND STUDENT SERVICES VERIFY STUDENT ELIGIBILITY. THE BUSINESS OFFICE KEEPS COPIES OF ALL DISBURSEMENTS AND PROVIDES COPIES TO GRANT ADMINISTRATORS. THE BUSINESS OFFICE STAFF TRACK ALL SALARIES COVERED BY GRANTS. RECIPIENTS ARE DETERMINED BY STUDENTS APPLYING FOR A SCHOLARSHIP AND THEN THE SCHOLARSHIP COMMITTEE MEETS TO REVIEW AND APPROVE ALL SCHOLARSHIPS. X X 0 0 0 0 0 0 0 0 0 H MATTHEW MEYERS PRESIDENT AND CEO 224480 0 0 0 0 0 12808 0 15254 0 252542 0 0 0 HEATHER PFLEGER VP ACADEMIC AFFAIRS 142497 0 0 0 0 0 9188 0 19595 0 171280 0 0 0 ANNAMARIE CASSIDY VP/CHIEF FINANCIAL OFFICER 149648 0 0 0 0 0 9263 0 8630 0 167541 0 0 0 LOUIS GIANNOTTI CANNABIS PROGRAM DIRECTOR 127583 0 0 0 0 0 8115 0 19595 0 155293 0 0 0 X 1 3919071 CLOSING PRICE X SONOGRAPHY MACHINE 1 38000 COST X MISCELLANEOUS ITEMS 45 5232 COST 0 0 0 PART I, COLUMN (B): THE NUMBER IN COLUMN B REPRESENTS THE NUMBER OF DONORS. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT/FINANCE COMMITTEE, THE PRESIDENT AND THE CFO MEET AND REVIEW THE RETURN. THE BOARD IS PROVIDED WITH A FULL COPY OF FORM 990 PRIOR TO THE RETURN BEING FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, TRUSTEES, AND KEY EMPLOYEES ARE REQUIRED TO ANNUALLY REVIEW AND SIGN A CONFLICT OF INTEREST POLICY. CONFLICTS OF INTEREST AND FAMILY AND BUSINESS RELATIONSHIPS ARE REQUIRED TO BE REPORTED TO THE PRESIDENT. THE PRESIDENT MONITORS AND ENFORCES THIS POLICY. ALL OFFICERS, TRUSTEES, AND OTHER INTERESTED PERSONS ARE REQUIRED TO DISCLOSE TO THE BOARD ANY CONFLICTS OR POTENTIAL CONFLICTS. THE CONFLICTED PERSON MUST RECUSE HIMSELF OR HERSELF WHILE THE BOARD DELIBERATES ON THE CONFLICT TO DETERMINE IF ALTERNATIVES TO THE TRANSACTION ARE AVAILABLE. FORM 990, PART VI, SECTION B, LINE 15A WHILE BOARD MEMBERS MAY INTERVIEW OTHER EXECUTIVES, THE BOARD ONLY WORKS DIRECTLY TO DETERMINE THE COMPENSATION FOR THE PRESIDENT. THE BOARD HIRES COMPENSATION CONSULTANTS TO PROVIDE DATA THAT INDICATES SALARIES OF COMPARABLE INSTITUTIONS TO ENSURE THE PRESIDENT'S SALARY IS WITHIN FAIR MARKET RANGE FOR THE INDUSTRY. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. FORM 990, PART XI, LINE 9: TRANSFER FROM AFFILIATE 212,204. MOYLAN DEVELOPMENT CORP 800 MANCHESTER AVE MEDIA PA 19063 232843930 REAL ESTATE PA PENNSYLVANIA INSTITUTE OF TECHNOLOGY C 81011 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 MOYLAN DEVELOPMENT CORPORATION S 212204 COST