2024-06-27T13:58:58-05:00 2023-08-31 231980475 KREISCHER MILLER 100 WITMER ROAD SUITE 350 HORSHAM PA 190442369 990 2022-09-01 231352642 GRATZ COLLEGE GRAT 2156357300 7605 OLD YORK ROAD MELROSE PARK PA 19027 WILLIAM ROBERT ELEFF PRESIDENT 2156357300 2024-06-25 1 WILLIAM ROBERT ELEFF 999009999 1 CHRISTOPHER M PEKULA P00734965 2154414600 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z WILLIAM ROBERT ELEFF 7605 OLD YORK ROAD MELROSE PARK PA 19027 4734227 0 X WWW.GRATZ.EDU X 1849 PA SEE SCHEDULE O 22 22 141 20 0 0 1358912 856062 3211145 3258141 253124 101442 -11903 37729 4811278 4253374 341382 197345 0 0 3101204 2991510 0 0 189801 913056 1086207 4355642 4275062 455636 -21688 8990909 9125190 2041780 1803780 6949129 7321410 X SEE SCHEDULE O 0 0 2734369 197345 3295870 SEE SCHEDULE O 2734369 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 422 0 1 141 1 0 0 0 0 0 0 0 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 X ROSS HOLGADO 2156357300 7605 OLD YORK ROAD MELROSE PARK PA 19027 ARTHUR J WOLAK PHD BOARD MEMBER 1.00 X 0 0 0 BEN STEIN TREASURER 1.00 X X 0 0 0 DAVID BRAWER BOARD MEMBER 1.00 X 0 0 0 DAVID GORDON BOARD MEMBER 1.00 X 0 0 0 DAVID H WEINSTEIN ESQ BOARD CHAIR EMERITUS 1.00 X X 0 0 0 JONATHAN LEVIN BOARD MEMBER 1.00 X 0 0 0 JONATHAN WALLACE BOARD MEMBER 1.00 X 0 0 0 KATHLEEN ELIAS BOARD CHAIR 1.00 X X 0 0 0 LEON L LEVY BOARD MEMBER 1.00 X 0 0 0 MAURICE MITTS ESQ BOARD MEMBER 1.00 X 0 0 0 MELISSA SHUSTERMAN BOARD MEMBER 1.00 X 0 0 0 MICHELLE PORTNOFF ESQ BOARD CHAIR EMERITUS 1.00 X X 0 0 0 RABBI ALBERT GABBAI BOARD MEMBER 1.00 X 0 0 0 RABBI LANCE SUSSMAN BOARD CHAIR EMERITUS 1.00 X X 0 0 0 SAUL P WACHS BOARD MEMBER 1.00 X 0 0 0 SHARON LIEBHABER ESQ BOARD MEMBER 1.00 X X 0 0 0 SHELLY LAPRINCE PHD BOARD MEMBER 1.00 X 0 0 0 ZIPORA SCHORR BOARD MEMBER 1.00 X 0 0 0 EMILY SHORE BOARD MEMBER 1.00 X 0 0 0 JONATHAN MANDELL BOARD MEMBER 1.00 X 0 0 0 STEVE FRIEDMAN BOARD MEMBER 1.00 X 0 0 0 PAUL FINKELMAN FORMER PRESIDENT/CHANCELLOR 50.00 X 157138 0 13563 ROBERT ZEV ELEFF PRESIDENT 50.00 X 190656 0 26675 NAOMI HOUSMAN DIRECTOR OF INSTITUTIONAL 50.00 X 126435 0 4974 474229 0 45212 3 0 1 0 0 116889 47147 692026 856062 STUDENT TUITION AND FE 611110 3227259 3227259 EDUCATIONAL TRIPS 611110 30882 30882 3258141 141556 141556 330445 292716 37729 37729 37729 141363 181477 -40114 -40114 -40114 6660 116889 6660 0 4253374 3295870 0 101442 197345 197345 474229 359395 87518 27316 2094955 1587663 386617 120675 233756 173618 56740 3398 188570 95642 81997 10931 39943 39943 60173 60173 42500 42500 252014 154074 90115 7825 34923 25100 7239 2584 54843 3774 50716 353 528 528 24132 16217 6695 1220 98957 98957 192170 192170 DUES AND SUBSCRIPTIONS 115341 4793 110548 BAD DEBT EXPENSE 41376 41376 LIBRARY 37091 37091 LOCAL PROGRAMS 28031 10761 5385 11885 64185 27520 33051 3614 4275062 2734369 1350892 189801 1100 1100 968051 681026 84851 281326 210338 229970 125310 118188 6927068 5361773 1712454 1565295 5744787 6101666 144018 146619 8990909 9125190 102765 127893 254039 198900 200000 200000 1384748 1188556 100228 88431 2041780 1803780 X 1122627 973967 5826502 6347443 6949129 7321410 8990909 9125190 X -21688 391368 2601 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4644691 109477 360772 214341 4900599 5367250 55069 -635620 142008 4644691 4500673 320942 738574 192939 5367250 4334347 21181 406858 261713 4500673 4505998 4096 111514 287261 4334347 0.70000 0.30000 1 0 192500 192500 3304107 2910050 394057 1391274 524454 866820 144799 144799 0 1894388 1782470 111918 1565295 CAPITAL LEASE OBLIGATION 14739 OTHER LONG TERM LIABILITIES 41691 SECURITY DEPOSITS 32001 88431 X 5696287 391368 756228 295317 1442913 4253374 0 4253374 5324006 756228 292716 1048944 4275062 0 4275062 PART V, LINE 4: THE COLLEGE'S ENDOWMENT CONSISTS OF DONOR-RESTRICTED FUNDS THAT WERE ESTABLISHED TO SUPPORT FUTURE PROJECTS, SCHOLARSHIPS, AND OPERATIONS. PART X, LINE 2: THE COLLEGE HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS A TAX EXEMPT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND IS EXEMPT FROM FEDERAL INCOME TAXES PURSUANT TO SECTION 501(C)(1) OF THE IRC. NO PROVISION FOR INCOME TAXES HAS BEEN REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. FOR THE YEARS ENDED AUGUST 31, 2023 AND 2022, THE COLLEGE DID NOT IDENTIFY ANY UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN, WHICH WOULD REQUIRE ADJUSTMENT TO OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE COLLEGE IS POTENTIALLY SUBJECT TO FEDERAL, STATE, AND LOCAL EXAMINATIONS FOR YEARS SUBSEQUENT TO AUGUST 31, 2019. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF BENEFICIAL INTEREST 2,601. RENTAL EXPENSES 292,716. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 292,716. 0 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE NON-DISCRIMINATION POLICY IS PUBLISHED ON STUDENT MATERIALS, RECRUITING MATERIALS, WEBSITE, EMPLOYEE HANDBOOK, AND OTHER PUBLICATIONS. SCHEDULE E, PART I, LINE 6 GRATZ COLLEGE RECEIVES SUPPORT FROM THE US DEPARTMENT OF EDUCATION IN THE FORM OF STUDENT FINANCIAL AID. THE COLLEGE PARTICIPATES IN GOVERNMENTAL FINANCIAL ASSISTANCE PROGRAMS COMMON TO COLLEGES AND UNIVERSITIES, SUCH AS FEDERAL FAMILY EDUCATION LOANS AND THE FEDERAL PELL GRANT PROGRAM. NO FUNDS HAVE BEEN REVOKED OR SUSPENDED. X X X X X X X ANNUAL CAMPAIGN 123549 116889 6660 6660 123549 116889 6660 6660 6660 0 1 SCHOLARSHIPS 122 197345 FMV SCHOLARSHIPS ARE CREDITED TO STUDENT'S ACCOUNT PART I, LINE 2: THE FUNDS ARE USED AS SCHOLARSHIPS AT GRATZ COLLEGE AND ARE DIRECTLY CREDITED TO THE RECIPIENT'S TUITION X 0 0 X X 1 0 0 0 0 0 0 0 0 ROBERT ZEV ELEFF PRESIDENT 142656 0 0 0 48000 0 2000 0 24675 0 217331 0 0 0 PAUL FINKELMAN FORMER PRESIDENT/CHANCELLOR 157138 0 0 0 0 0 0 0 13563 0 170701 0 0 0 PART I, LINE 1A WILLIAM ROBERT (ZEV) ELEFF, COLLEGE PRESIDENT RECEIVED A PARSONAGE. IT WAS NOT INCLUDED IN HIS TAXABLE COMPENSATION. PART I, LINE 4A PAUL FINKELMAN WAS PAID A $40,000 SEVERANCE WHICH WAS INCLUDED IN HIS TAXABLE COMPENSATION. BY ACCEPTING PAYMENT THE FORMER EMPLOYEE WILL FOREGO ANY CLAIMS AGAINST GRATZ COLLEGE. GRATZ COLLEGE ALSO RELEASES THE FORMER EMPLOYEE FROM ANY CLAIMS ARISING FROM THE FORMER EMPLOYEE'S EMPLOYMENT WITH GRATZ COLLEGE. BEN STEIN MEMBER OF BOARD CASH FLOW X 105000 105000 0 1 1 BEN STEIN MEMBER OF BOARD CASH FLOW X 55000 55000 0 1 1 BEN STEIN MEMBER OF BOARD CASH FLOW X 40000 40000 0 1 1 200000 FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION GRATZ COLLEGE (THE COLLEGE) PROVIDES A PLURALISTIC EDUCATION AND ENGAGES STUDENTS IN ACTIVE STUDY FOR PROFESSIONAL GROWTH AND PERSONAL ENRICHMENT. GRATZ OFFERS GRADUATE AND UNDERGRADUATE DEGREE AND CERTIFICATE PROGRAMS, AS WELL AS LEARNING OPPORTUNITIES FOR ADULTS AND TEENS. THROUGH PRODUCTIVE PARTNERSHIPS, THE COLLEGE ALSO SEEKS TO MAINTAIN AND EXPAND ITS INSTITUTIONAL AND ACADEMIC RELATIONSHIPS IN PHILADELPHIA, NORTH AMERICA AND WORLDWIDE. MANY OF GRATZ'S PROGRAMS REFLECT THE COLLEGE'S HISTORIC FOCUS ON JEWISH STUDIES AND EDUCATION. WITH A BROAD COMMITMMENT TO THE INTELLECTUAL AND PROFESSIONAL GROWTH OF DIVERSE CONSTITUENCIES, THE COLLEGE CREATES ACCESS FOR STUDENTS EVERYWHERE TO BECOME LEADERS IN THEIR PROFESSIONS AND COMMUNITIES. FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: GRATZ COLLEGE PROVIDES A PLURALISTIC EDUCATION AND ENGAGES STUDENTS IN ACTIVE STUDY FOR PROFESSIONAL GROWTH AND PERSONAL ENRICHMENT. GRATZ OFFERS GRADUATE AND UNDERGRADUATE DEGREE AND CERTIFICATE PROGRAMS, AS WELL AS LEARNING OPPORTUNITIES FOR ADULTS AND TEENS. THROUGH PRODUCTIVE PARTNERSHIPS, THE COLLEGE ALSO SEEKS TO MAINTAIN AND EXPAND ITS INSTITUTIONAL AND ACADEMIC RELATIONSHIPS IN PHILADELPHIA, NORTH AMERICA AND WORLDWIDE. MANY OF GRATZ'S PROGRAMS REFLECT THE COLLEGE'S HISTORIC FOCUS ON JEWISH STUDIES AND EDUCATION. WITH A BROAD COMMITMMENT TO THE INTELLECTUAL AND PROFESSIONAL GROWTH OF DIVERSE CONSTITUENCIES, THE COLLEGE CREATES ACCESS FOR STUDENTS EVERYWHERE TO BECOME LEADERS IN THEIR PROFESSIONS AND COMMUNITIES. FORM 990, PART III, LINE 4A, PROGRAM SERVICE ACCOMPLISHMENTS: GRATZ COLLEGE HAS A 128 YEAR LEGACY OF PROVIDING GRADUATE DEGREE PROGRAMS AND TRAINING PROGRAMS FOR EDUCATORS AND PROFESSIONALS IN THE JEWISH AND SECULAR COMMUNITIES. ACCREDITED BY THE MIDDLE STATES COMMISSION ON HIGHER EDUCATION SINCE 1967, THE COLLEGE OFFERS A BROAD ARRAY OF CREDENTIALS AND PROGRAMS, INCLUDING AN ED.D., A PH.D., SEVEN MASTERS' PROGRAMS, A BA COMPLETION PROGRAM, AND MULTIPLE GRADUATE AND UNDERGRADUATE CERTIFICATES. AN EARLY ADOPTER OF ONLINE EDUCATION, GRATZ OFFERS BLENDED AND FULLY ONLINE DEGREES AND HAS ENROLLED STUDENTS FROM 30 STATES AND SEVEN COUNTRIES. GRATZ ACADEMY PROVIDES ENRICHING AND ENGAGING PROGRAMS FOR 8TH-12TH GRADERS IN GREATER PHILADELPHIA. CLASSES FOR TEENS ARE ONLINE, SYNCHRONOUS, AND ATTRACT THE PARTICIPATION OF TEENS FROM ACROSS NORTH AMERICA. MANY OF GRATZ ACADEMY COURSES OFFER COLLEGE CREDIT TO HIGH SCHOOL JUNIORS AND SENIORS. GRATZ ACADEMY WORKS DIRECTLY WITH FAMILIES AND IN PARTNERSHIP WITH OTHER COMMUNITIES AND ORGANIZATIONS. THE INSTITUTION OFFERS FOUR, SIX, EIGHT AND TWELVE WEEK CONTINUING EDUCATION COURSES FOR ADULTS AS WELL AS NUMEROUS LECTURES, PROGRAMS, WEBINARS AND, AND CLES THROUGHOUT THE YEAR. IN 2022-2023, GRATZ SERVED APPROXIMATELY 3,200 INDIVIDUALS THROUGHOUT THE YEAR IN ITS VARIOUS PROGRAMS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE PRESIDENT, THE BOARD OF GOVERNORS CHAIRPERSON AND THE CHAIR OF THE FINANCE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS OF THE BOARD OF GOVERNORS ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST STATEMENT ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST, TO BE INSPECTED AT THE OFFICE OF GRATZ COLLEGE FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF BENEFICIAL INTEREST 2,601. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.