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Lackawanna College

Public charityFed auditsIRS 990
Other · SCRANTON, PA · EIN 24-0839402

About

Lackawanna college is an accredited, private, NON-profit education institution whose mission is to provide a quality education to ALL persons who seek to improve their lives and better the communities in which they live. The college strives to be an affordable, open-enrollment college, providing a high quality and transferable education that exceeds academic expectations for students at ALL learning levels. The college is committed to providing educational opportunities for students who are academically underprepared for college level work, and nurturing students' sense of self-worth and capacity to make a difference. The college is also committed to cultivating and maintaining active partnerships with our regional community, including other educational institutions, businesses, and NON-profit agencies. The college delivers service through excellence in programs that prepare students to succeed in the workforce.

Donations are tax-deductible
Category
Other
Employees
704
Volunteers
6

Financial Snapshot

FY ending 2023-06-30
Revenue
$39.4M
Expenses
$35.8M
Assets
$79.4M
Liabilities
$23.5M

Financial history

$40.1M$20.1M$0
1617181920212223
RevenueExpenses
Latest FY2023: $39.4M · Peak FY2022: $40.1M · Avg: $31.4M

Political & Grant Activity

Campaign Spending
Lobbying
Grants Given
$2.8M
LACKAWANNA COLLEGE
Your actions

Address

501 VINE ST
Scranton, PA, 18509-320

Governance

Voting board members16
Independent members15
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Compensation committeeYes
Board approved compYes
Initial contract exceptionNo

Financial detail (Schedule D)

Board-designated %48.2%
Permanent endowment %24.7%
Endowment held by related orgNo
Public records
ProPublica Nonprofit Explorer
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IRS Tax Exempt Organization Search
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