Civic Intelligence

Penn Foundation Trust

990 • Fiscal year 2023 • EIN 01-0760254

Jul 01, 2022 to Jun 30, 2023 • Filed on Nov 04, 2023

Organization Profile
807 Lawn Avenue PO Box 32Sellersville, PA 18960

(215) 257-6551

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

17th percentile

0.01x

Higher debt load relative to assets than 17% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

49th percentile

0.17x

Higher debt load relative to revenue than 49% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

85th percentile

37%

Higher net margin than 85% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

53rd percentile

6.5%

Faster asset growth than 53% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

4th percentile

-62%

Faster revenue growth than 4% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets17th percentile

Assets

Up

$7,273,094

Up $446,206 (+6.5%) from 2022

Net Assets

Up

$7,229,097

Up $466,046 (+6.9%) from 2022

Liabilities

Down

$43,997

Down $19,840 (-31%) from 2022

Revenue And Expenses
Liabilities / Revenue49th percentileNet Margin85th percentile

Revenue

Down

$263,555

Down $425,417 (-62%) from 2022

Expenses

Down

$167,274

Down $629,058 (-79%) from 2022

Net Income

Up

$96,281

Up $203,641 (+190%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth53rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0Assets 2011: $8,351,828Liabilities 2011: $12,921Net Assets 2011: $8,338,9072011Assets 2012: $5,267,662Liabilities 2012: $3,631Net Assets 2012: $5,264,0312012Assets 2013: $3,188,903Liabilities 2013: $0Net Assets 2013: $3,188,9032013Assets 2014: $4,319,326Liabilities 2014: $0Net Assets 2014: $4,319,3262014Assets 2015: $4,644,720Liabilities 2015: $0Net Assets 2015: $4,644,7202015Assets 2016: $5,096,077Liabilities 2016: $0Net Assets 2016: $5,096,0772016Assets 2017: $5,922,365Liabilities 2017: $421,115Net Assets 2017: $5,501,2502017Assets 2018: $6,554,533Liabilities 2018: $462,565Net Assets 2018: $6,091,9682018Assets 2019: $6,512,817Liabilities 2019: $390,023Net Assets 2019: $6,122,7942019Assets 2020: $6,129,467Liabilities 2020: $55,377Net Assets 2020: $6,074,0902020Assets 2021: $8,464,017Liabilities 2021: $614Net Assets 2021: $8,463,4032021Assets 2022: $6,826,888Liabilities 2022: $63,837Net Assets 2022: $6,763,0512022Assets 2023: $7,273,094Liabilities 2023: $43,997Net Assets 2023: $7,229,0972023Assets 2024: $7,894,032Liabilities 2024: $36,939Net Assets 2024: $7,857,0932024Assets 2025: $8,368,131Liabilities 2025: $91,817Net Assets 2025: $8,276,3142025

Highlighted filing

2023

Assets$7,273,094
Liabilities$43,997
Net Assets$7,229,097
Open 2023 Filing

Operations Trend

Revenue Growth4th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MExpenses 2011: $261,4812011Expenses 2012: $4,436,4002012Revenue 2013: $507,719Expenses 2013: $2,781,520Net Income 2013: -$2,273,8012013Revenue 2014: $899,833Expenses 2014: $30,140Net Income 2014: $869,6932014Revenue 2015: $505,100Expenses 2015: $92,877Net Income 2015: $412,2232015Revenue 2016: $766,890Expenses 2016: $192,385Net Income 2016: $574,5052016Revenue 2017: $552,952Expenses 2017: $549,051Net Income 2017: $3,9012017Revenue 2018: $633,453Expenses 2018: $179,524Net Income 2018: $453,9292018Revenue 2019: $732,101Expenses 2019: $728,998Net Income 2019: $3,1032019Revenue 2020: $340,115Expenses 2020: $222,417Net Income 2020: $117,6982020Revenue 2021: $1,627,606Expenses 2021: $331,715Net Income 2021: $1,295,8912021Revenue 2022: $688,972Expenses 2022: $796,332Net Income 2022: -$107,3602022Revenue 2023: $263,555Expenses 2023: $167,274Net Income 2023: $96,2812023Revenue 2024: $382,632Expenses 2024: $186,054Net Income 2024: $196,5782024Revenue 2025: $577,253Expenses 2025: $232,442Net Income 2025: $344,8112025

Highlighted filing

2023

Revenue$263,555
Expenses$167,274
Net Income$96,281
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Nov 4, 2023
Return Version
2022v5.0
Gross Receipts
$1,327,603
Mission and Program Overview

Mission

To receive charitable contributions, grants, and donations for the purpose of establishing, maintaining, and administering an endowment fund and other funds for the benefit of penn foundation, inc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$6,029,601$6,536,388▲ $506,787
Savings and Temporary Cash Investments$87,287$173,175▲ $85,888
Prepaid Expenses and Deferred Charges-$3,531-
Total Assets$6,826,888$7,273,094▲ $446,206
Other Assets Total$710,000$560,000▼ $150,000
Liabilities
Other Liabilities$63,837$43,037▼ $20,800
Accounts Payable and Accrued Expenses-$960-
Total Liabilities$63,837$43,997▼ $19,840
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,959,223$6,414,325▲ $455,102
Net Assets With Donor Restrictions$803,828$814,772▲ $10,944
Total Net Assets Fund Balance$6,763,051$7,229,097▲ $466,046
Total Liabilities and Net Assets / Fund Balance$6,826,888$7,273,094▲ $446,206

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$560,000--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$199,446-▲ $2,407$-2,111$198,739
2021$848,323-▼ $91,137$-31,552$721,458
2020$722,076$33▲ $162,444$-32,271$848,323
2019$734,121-▲ $21,852$-29,944$722,076
2018$731,804-▲ $36,012$-30,033$734,121
Compensation and Service Providers
Top Officer Pay22nd percentile

Board Members and Trustees

NameTitle
H Bruce DetweilerPresident
Dr Donald KraybillDirector
Margaret ZookDirector
Dr Charles AmusoSecretary 1/
David G LandisSecretary 7/
Marvin AndersTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,000
Program Service Revenue
$0
Investment Income
$259,524
Other Revenue
$31
All Other Contributions
$4,000
Change in Net Assets
$96,281

Audited Revenue Reconciliation

Revenue per Audited Statements
$228,925
Revenue Not Reported on Financial Statements
$34,630
Revenue Not Reported on Form 990
$369,765
Total Revenue per Audited Statements
$598,690
Total Revenue per Form 990
$263,555
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$111,463
Other Expenses$55,811
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$111,463--$111,463
Fees for Service Investment Mgmnt Fees-$34,630-$34,630
Fees for Services Accounting-$17,492-$17,492
Insurance-$3,530-$3,530
Other Expenses-$15-$15
Total Functional Expenses$111,463$55,811$0$167,274

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$167,274
Expenses per Audited Statements$132,644
Total Expenses per Audited Statements$132,644
Expenses Not Reported on Financial Statements$34,630
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Penn FoundationSellersville, PA3Fund Programming$111,463
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payable to Related Party$43,037
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“A full copy of form 990, along with a narrative summary of the return, is distributed to each of the penn foundation trust's board of directors for individual review. Questions, comments or concerns are addressed with the finance manager. Board members approve the tax return for filing based upon their review and resolution of any outstanding issues or questions.”

Form 990, Page 6, Part VI, Line 12C

“The board reviews expenses and if there was a conflict of interest it would be disclosed in the minutes and the board member would abstain from the discussion and voting on any issues where a conflict of interest arises. The conflict of interest statements are reviewed and signed off on by each of the board members annually.”

Form 990, Page 6, Part VI, Line 19

“Governing documents, policies, and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Penn Foundation Trust
EIN
01-0760254
Phone
2152576551
Address
807 LAWN AVENUE PO BOX 32, SELLERSVILLE, PA 18960

Signing Officer

Name
H Bruce Detweiler
Title
President
Phone
2154535163
Signed
2023-11-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
H Bruce Detweiler
Formed
2003
Legal Domicile
Pa
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Bee Bergvall & Co
Address
PO BOX 754, WARRINGTON, PA 18976-0754
Preparer
Cynthia Bergvall CPA
Phone
2153432727
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

“Income from the endowment funds are used for the furtherance of the organization's mission.”

Schedule D, Page 4, Part XIII

“Part v, line 1a penn foundation trust was related to another organization, penn foundation, inc. In prior years. These two organizations are no longer connected, and at that time, the beneficiary obligations of the former board restricted endowment was transferred to penn foundation, inc. The beginning balance has been reduced in order to reflect that transfer.”

Raw XML Appendix400 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0INCOME FROM THE ENDOWMENT FUNDS ARE USED FOR THE FURTHERANCE OF THE ORGANIZATION'S MISSION.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1PART V, LINE 1A PENN FOUNDATION TRUST WAS RELATED TO ANOTHER ORGANIZATION, PENN FOUNDATION, INC. IN PRIOR YEARS. THESE TWO ORGANIZATIONS ARE NO LONGER CONNECTED, AND AT THAT TIME, THE BENEFICIARY OBLIGATIONS OF THE FORMER BOARD RESTRICTED ENDOWMENT WAS TRANSFERRED TO PENN FOUNDATION, INC. THE BEGINNING BALANCE HAS BEEN REDUCED IN ORDER TO REFLECT THAT TRANSFER.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XIII
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A FULL COPY OF FORM 990, ALONG WITH A NARRATIVE SUMMARY OF THE RETURN, IS DISTRIBUTED TO EACH OF THE PENN FOUNDATION TRUST'S BOARD OF DIRECTORS FOR INDIVIDUAL REVIEW. QUESTIONS, COMMENTS OR CONCERNS ARE ADDRESSED WITH THE FINANCE MANAGER. BOARD MEMBERS APPROVE THE TAX RETURN FOR FILING BASED UPON THEIR REVIEW AND RESOLUTION OF ANY OUTSTANDING ISSUES OR QUESTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD REVIEWS EXPENSES AND IF THERE WAS A CONFLICT OF INTEREST IT WOULD BE DISCLOSED IN THE MINUTES AND THE BOARD MEMBER WOULD ABSTAIN FROM THE DISCUSSION AND VOTING ON ANY ISSUES WHERE A CONFLICT OF INTEREST ARISES. THE CONFLICT OF INTEREST STATEMENTS ARE REVIEWED AND SIGNED OFF ON BY EACH OF THE BOARD MEMBERS ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/PreparerPersonGrp/PhoneNum02153432727
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CYNTHIA BERGVALL CPA
ReturnHeader/ReturnTs02023-11-06T11:17:34-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0H BRUCE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0DETWEILER
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,273,094
Liabilities
$43,997
Net assets
$7,229,097
Revenue
$263,555
Expenses
$167,274
Net income
$96,281
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.37$0.09$8.28$0.58$0.23$0.34
2024Detailed filing. Detailed filing data is available for this year.$7.89$0.04$7.86$0.38$0.19$0.20
2023Detailed filing. Detailed filing data is available for this year.$7.27$0.04$7.23$0.26$0.17$0.10
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.83$0.06$6.76$0.69$0.80$0.11
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.46$0.00$8.46$1.63$0.33$1.30
2020Detailed filing. Detailed filing data is available for this year.$6.13$0.06$6.07$0.34$0.22$0.12
2019Detailed filing. Detailed filing data is available for this year.$6.51$0.39$6.12$0.73$0.73$0.00
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.55$0.46$6.09$0.63$0.18$0.45
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.92$0.42$5.50$0.55$0.55$0.00
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.10$0.00$5.10$0.77$0.19$0.57
2015Detailed filing. Detailed filing data is available for this year.$4.64$0.00$4.64$0.51$0.09$0.41
2014Detailed filing. Detailed filing data is available for this year.$4.32$0.00$4.32$0.90$0.03$0.87
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.19$0.00$3.19$0.51$2.78$2.27
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.27$0.00$5.26$4.44
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.35$0.01$8.34$0.26