PENNSYLVANIA INSTITUTE OF TECHNOLOGY Charity Report

Public IRS 990 nonprofit record

PENNSYLVANIA INSTITUTE OF TECHNOLOGY

EIN 23-1543518 · Education (B42Z)

What they do

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.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $78.70 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders23 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

49.58%of revenue went to mission work78.7% of expenses · Program services

0.96%of revenue went to fundraising1.5% of expenses

$62.96spent for every $100 of revenueRevenue covered expenses this year.

12.42%of revenue went to management and office costs19.7% of expenses

$1.68in assets for every $1 spent this yearSome assets cannot be spent right away.

23.9%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $252,542 for H MATTHEW MEYERS (PRESIDENT AND CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$20,885,861

Mission workProgram services$10,355,14549.58% of revenue78.7% of expenses

ManagementOffice and general costs$2,594,84412.42% of revenue19.7% of expenses

FundraisingAsking for donations$199,9580.96% of revenue1.5% of expenses

Revenue left after expensesReported annual surplus$7,735,91437.04% of revenueShown in gray on the chart

Total expenses$13,149,94762.96% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 78.7% mission · 19.7% management · 1.5% fundraisingTotal expenses: 62.96% of revenue

2023Expense mix: 75.9% mission · 22.4% management · 1.7% fundraisingTotal expenses: 82.00% of revenue

2022Expense mix: 74.7% mission · 23.6% management · 1.7% fundraisingTotal expenses: 82.58% of revenue

2021Expense mix: 80.6% mission · 19.0% management · 0.4% fundraisingTotal expenses: 72.69% of revenue

2020Expense mix: 80.6% mission · 19.2% management · 0.2% fundraisingTotal expenses: 80.95% of revenue

2019Expense mix: 78.3% mission · 21.6% management · 0.1% fundraisingTotal expenses: 72.76% of revenue

2018Expense mix: 77.6% mission · 22.3% management · 0.1% fundraisingTotal expenses: 92.99% of revenue

2017Expense mix: 73.3% mission · 26.5% management · 0.3% fundraisingTotal expenses: 63.26% of revenue

Money in and money out

Revenue$20,885,861

Expenses$13,149,947

Annual surplus $7,735,914 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$10,355,145 · 78.7% of expenses

Management and office costs$2,594,844 · 19.7% of expenses

Fundraising$199,958 · 1.5% of expenses

See all reported dollar amounts

Revenue$20,885,861

Expenses$13,149,947

Assets$22,128,377

Income$26,377,321

Contributions$4,994,101

Mission work (program services)$10,355,145

Fundraising$199,958

Management and general$2,594,844

Executive compensation (total)$482,539

Stocks and bonds$16,116,970

Accounting fees$95,684

Investing fees$35,588

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

H MATTHEW MEYERSPRESIDENT AND CEO · 50 hrs/week $252,542Base $224,480 · Other $28,062

HEATHER PFLEGERVP ACADEMIC AFFAIRS · 40 hrs/week $171,280Base $142,497 · Other $28,783

ANNAMARIE CASSIDYVP/CHIEF FINANCIAL OFFICER · 50 hrs/week $167,541Base $149,648 · Other $17,893

LOUIS GIANNOTTICANNABIS PROGRAM DIRECTOR · 40 hrs/week $155,293Base $127,583 · Other $27,710

LAURA BLOMGRENVP ENROLLMENT MANAGEMENT · 40 hrs/week $141,860Base $125,518 · Other $16,342

CRAIG JACOBSVP DATA AND TECHNOLOGY · 40 hrs/week $141,682Base $133,662 · Other $8,020

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (23)

H MATTHEW MEYERSPRESIDENT AND CEO

HEATHER PFLEGERVP ACADEMIC AFFAIRS

ANNAMARIE CASSIDYVP/CHIEF FINANCIAL OFFICER

LOUIS GIANNOTTICANNABIS PROGRAM DIRECTOR

LAURA BLOMGRENVP ENROLLMENT MANAGEMENT

CRAIG JACOBSVP DATA AND TECHNOLOGY

KATHY HYNSON LPNTRUSTEE

WILLIAM E SCHMIDT MBATRUSTEE

WILLIAM DOUGHERTYTRUSTEE

WALTER M STRINE JRTRUSTEE

SUSAN K GARRISON ESQTRUSTEE

STEVE BUCHANANTRUSTEE

ROBERT M MADONNATRUSTEE

RICHARD H DOYLE CPATREASURER

PAUL H WOODRUFF PEVICE CHAIR

MARY KAY BURKESECRETARY

JOAN YOUNGTRUSTEE

JANICE MILLER LYONTRUSTEE

GERI SWINDELL BSNTRUSTEE (UNTIL 06/2025)

ELIZABETH MENSCHNER DNPTRUSTEE

DR JAMES CAPOLUPOCHAIRMAN

DONNA RUSTTRUSTEE

ANTINUKE MOSS JDTRUSTEE (UNTIL 12/2024)

About this charity

Recognized since: January 1976
Location: 800 MANCHESTER AVE, MEDIA, PA 19063-4036
County: Delaware
In care of: H MATTHEW MEYERS
Primary officer: H MATTHEW MEYERS, PRESIDENT AND CEO

How to reach them

WebsiteVisit the charity’s website Emailinfo@pit.edu Phone(610) 892-1500

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: BAKER TILLY ADVISORY GROUP LP
NTEE classification: Education (B42Z)
IRS tax category: Junior Colleges