Civic Intelligence

Bbc Foundation Inc.

990 • Fiscal year 2015 • EIN 23-2732238

Jun 01, 2014 to May 31, 2015 • Filed on Apr 14, 2016

Organization ProfileWWW.BBCFOUNDATION.ORG
538 Venard RoadClarks Summit, PA 18411

(570) 585-9407

Siviq Scores

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

Liabilities / Assets

80th percentile

0.62x

Higher debt load relative to assets than 80% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

97th percentile

11.97x

Higher debt load relative to revenue than 97% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

5th percentile

-56%

Higher net margin than 5% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2015

Asset Growth

12th percentile

-8.1%

Faster asset growth than 12% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

4th percentile

-58%

Faster revenue growth than 4% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets80th percentile

Assets

Down

$9,464,363

Down $832,352 (-8.1%) from 2014

Net Assets

Down

$3,551,290

Down $481,709 (-12%) from 2014

Liabilities

Down

$5,913,073

Down $350,643 (-5.6%) from 2014

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin5th percentile

Revenue

Down

$494,107

Down $690,404 (-58%) from 2014

Expenses

Up

$768,652

Up $58,435 (+8.2%) from 2014

Net Income

Down

-$274,545

Down $748,839 (-158%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth12th percentile

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

$15M$10M$5.0M$0Assets 2010: $12,008,354Liabilities 2010: $8,431,391Net Assets 2010: $3,576,9632010Assets 2011: $10,343,019Liabilities 2011: $6,398,278Net Assets 2011: $3,944,7412011Assets 2012: $9,729,605Liabilities 2012: $6,401,370Net Assets 2012: $3,328,2352012Assets 2013: $10,414,221Liabilities 2013: $6,724,793Net Assets 2013: $3,689,4282013Assets 2014: $10,296,715Liabilities 2014: $6,263,716Net Assets 2014: $4,032,9992014Assets 2015: $9,464,363Liabilities 2015: $5,913,073Net Assets 2015: $3,551,2902015Assets 2016: $9,736,448Liabilities 2016: $6,754,948Net Assets 2016: $2,981,5002016Assets 2017: $9,551,456Liabilities 2017: $6,771,114Net Assets 2017: $2,780,3422017Assets 2018: $9,402,570Liabilities 2018: $6,763,236Net Assets 2018: $2,639,3342018Assets 2019: $8,416,906Liabilities 2019: $5,921,195Net Assets 2019: $2,495,7112019Assets 2020: $7,866,988Liabilities 2020: $5,610,913Net Assets 2020: $2,256,0752020Assets 2021: $7,222,994Liabilities 2021: $4,451,920Net Assets 2021: $2,771,0742021Assets 2022: $6,714,271Liabilities 2022: $4,482,793Net Assets 2022: $2,231,4782022Assets 2023: $5,702,780Liabilities 2023: $3,765,511Net Assets 2023: $1,937,2692023Assets 2024: $6,166,541Liabilities 2024: $3,828,271Net Assets 2024: $2,338,2702024

Highlighted filing

2015

Assets$9,464,363
Liabilities$5,913,073
Net Assets$3,551,290
Open 2015 Filing

Operations Trend

Revenue Growth4th percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $417,7122010Expenses 2011: $984,3302011Expenses 2012: $316,6302012Expenses 2013: $662,6302013Revenue 2014: $1,184,511Expenses 2014: $710,217Net Income 2014: $474,2942014Revenue 2015: $494,107Expenses 2015: $768,652Net Income 2015: -$274,5452015Revenue 2016: $439,048Expenses 2016: $372,578Net Income 2016: $66,4702016Revenue 2017: $617,685Expenses 2017: $820,456Net Income 2017: -$202,7712017Revenue 2018: $394,389Expenses 2018: $476,381Net Income 2018: -$81,9922018Revenue 2019: $189,066Expenses 2019: $148,224Net Income 2019: $40,8422019Revenue 2020: $204,983Expenses 2020: $344,739Net Income 2020: -$139,7562020Revenue 2021: $262,328Expenses 2021: $226,981Net Income 2021: $35,3472021Revenue 2022: $953,305Expenses 2022: $267,574Net Income 2022: $685,7312022Revenue 2023: -$149,482Expenses 2023: $274,485Net Income 2023: -$423,9672023Revenue 2024: $276,911Expenses 2024: $320,375Net Income 2024: -$43,4642024

Highlighted filing

2015

Revenue$494,107
Expenses$768,652
Net Income-$274,545
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2014 to May 31, 2015
Signed
Apr 14, 2016
Return Version
2014v6.0
Gross Receipts
$2,467,286
Mission and Program Overview

Mission

Providing stewardship opportunities through planned giving, estates, and gifts for the benefit of clarks summit university.

Raise funds for related university

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$9,722,575$8,846,127▼ $876,448
Cash and Non-Interest-Bearing Accounts$305,129$417,539▲ $112,410
Other Notes and Loans Receivable, Net$200,697$200,697→ $0
Total Assets$10,296,715$9,464,363▼ $832,352
Other Assets Total$68,314$0▼ $68,314
Liabilities
Other Liabilities$6,263,716$5,898,073▼ $365,643
Accounts Payable and Accrued Expenses$0$15,000▲ $15,000
Total Liabilities$6,263,716$5,913,073▼ $350,643
Net Assets / Fund Balance
Permanently Rstr Net Assets$2,100,737$2,109,237▲ $8,500
Temporarily Rstr Net Assets$1,511,984$1,542,118▲ $30,134
Unrestricted Net Assets$420,278$-100,065▼ $520,343
Total Net Assets Fund Balance$4,032,999$3,551,290▼ $481,709
Total Liabilities and Net Assets / Fund Balance$10,296,715$9,464,363▼ $832,352

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$2,366,216$8,500▲ $112,412$54,175$2,432,953
2013$2,236,631$11,200▲ $162,180$43,795$2,366,216
2012$2,008,313$9,600▲ $258,543$39,825$2,236,631
2011$2,177,062$16,050▼ $137,531$47,268$2,008,313
2010$2,012,713$8,200▲ $191,556$35,407$2,177,062
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeOtherTotal
James LytleBoard MemberPT$126,341$126,341
Don PattenBoard MemberPT$94,515$94,515
James JefferyBoard MemberPT$71,335$71,335
Thomas BevanExecutive DirectorFT$59,882$59,882
Lisa KonzelmanBoard Member-$52,379$52,379
Mark BordenTreasurerPT$49,561$49,561

Board Members and Trustees

NameTitle
Chris AndersonBoard Member
Chris RudolphBoard Member
Glen LavyBoard Member
Ken RileyBoard Member
Michael NolanBoard Member
Paul AucklandBoard Member
William PiersonBoard Member
Robert AllenSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$96,128
Program Service Revenue
$0
Investment Income
$397,979
Other Revenue
$0
All Other Contributions
$96,128
Change in Net Assets
$-274,545

Audited Revenue Reconciliation

Revenue per Audited Statements
$494,107
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$333,465
Total Revenue per Audited Statements
$827,572
Total Revenue per Form 990
$494,107
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$590,281
Grants and Similar Amounts Paid$178,371
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Payments to Affiliates$460,000--$460,000
Grants to Domestic Individuals$178,371--$178,371
Other Expenses$38,727$1,549-$1,549
Total Functional Expenses$767,103$1,549$0$768,652

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$768,652
Total Expenses per Audited Statements$722,715
Expenses Not Reported on Financial Statements$460,000
Other Expense Adjustments$460,000
Expenses Not Reported on Form 990$414,063
Expenses per Audited Statements$308,652
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
Revocable Deposit Gift Agreements$2,469,966
Assets Held for Beneficiaries$1,484,280
Annuities Payable$831,425
Assets Held for Affiliates$629,400
Assets Held for Other Remaindermen$427,465
Payable to Affiliate$55,537
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

“The organization sends the draft 990 return to all trustees by electronic means. A conference call is held approximately two weeks later with the finance and audit committee in which discussion and vote occurs prior to the submission deadline of the return.”

Form 990, Part VI, Section B, Line 12C

“Trustees and key employees are required to sign the conflict of interest statement annually. Signed copies are on file.”

Form 990, Part VI, Section C, Line 19

“The foundation makes it governing documents, conflict of interest policy and financial statements available to the public upon request.”

Form 990, Part VII - Reportable Compensation

“James jeffery and james lytle receive compensation from summit university of pennsylvania. Included in james jeffery's and james lytle's compensation is housing allowance in the amount of $17,885 and $52,000,resepectively. Which is both federal and fica exempt.”

Filing and Contact Details

Filer

Filer Name
Bbc Foundation Inc
EIN
23-2732238
Phone
5705859407
Address
538 VENARD ROAD, CLARKS SUMMIT, PA 18411

Signing Officer

Name
Michael Nolan
Title
Chief Financial Officer
Phone
5705859407
Signed
2016-04-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lisa Konzleman
Formed
1992
Legal Domicile
Pa
Voting Board Members
9
Independent Board Members
8
Employees
0
Volunteers
0

Preparer

Firm
Mcgrail Merkel Quinn & Associates Pc
Address
1173 CLAY AVENUE, SCRANTON, PA 18510
Preparer
Mary Ann Novak CPA
Phone
5709610345
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Actuarial loss (gain) on annuities and life income trust -126,566.”

Form 990, Part XII - Line 2C

“The organization has not changed its auditor oversight or selection process during the tax year.”

Financial Statement Notes

PART X, LINE 2:

“In accordance with the financial accounting standards board guidance on accounting for uncertainty in income taxes, management evaluated the foundation's tax positions and concluded that the foundation had taken no uncertain tax positions that require adjustment to the financial statements to comply with the provisions of this guidance. With few exceptions, the foundation is no longer subject to income tax examinations by the u.s. Federal, state or local tax authorities for years before may 31, 2011.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“TRANSFER TO UNIVERSITY”

Raw XML AppendixShowing 400 of 517 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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IRS990/OtherChangesInNetAssetsAmt0-126566
IRS990/OtherExpensesGrp/Desc0INTEREST-REVOCABLE DEPO
IRS990/OtherExpensesGrp/Desc1MINISTRY
IRS990/OtherExpensesGrp/Desc2INVESTMENT AND BANK FEE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01549
IRS990/OtherExpensesGrp/ProgramServicesAmt090005
IRS990/OtherExpensesGrp/ProgramServicesAmt138727
IRS990/OtherExpensesGrp/TotalAmt090005
IRS990/OtherExpensesGrp/TotalAmt138727
IRS990/OtherExpensesGrp/TotalAmt21549
IRS990/OtherLiabilitiesGrp/BOYAmt06263716
IRS990/OtherLiabilitiesGrp/EOYAmt05898073
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0200697
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0200697
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt0460000
IRS990/PaymentsToAffiliatesGrp/TotalAmt0460000
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt02100737
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt02109237
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0LISA KONZLEMAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0456113
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0253886
IRS990/PYInvestmentIncomeAmt0728366
IRS990/PYOtherExpensesAmt0456331
IRS990/PYOtherRevenueAmt032
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0474294
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0710217
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01184511
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-274545
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0241894
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0150543962
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd06
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0460000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0SUMMIT UNIVERSITY OF PENNSYLVANIA
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt0460000
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt02366216
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt08500
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt02432953
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0112412
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt054175
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt02236631
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt011200
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt02366216
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0162180
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt043795
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt02008313
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt09600
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt02236631
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0258543
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt039825
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt02177062
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt016050
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt02008313
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-137531
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt047268
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt02012713
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt08200
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt02177062
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0191556
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt035407
IRS990ScheduleD/DisclosedForCharitablePrpsInd01
IRS990ScheduleD/DisclosedOrgLegCtrlInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0414063
IRS990ScheduleD/DonatedServicesUseFcltsAmt0414063
IRS990ScheduleD/DonorAdvisedFundsHeldCnt02
IRS990ScheduleD/DonorAdvisedFundsVlEOYAmt028365
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt0414063
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0460000
IRS990ScheduleD/ExpensesSubtotalAmt0308652
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-80598
IRS990ScheduleD/OtherExpensesNotIncludedAmt0460000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02469966
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1831425
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2629400
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt31484280
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt4427465
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt555537
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0REVOCABLE DEPOSIT GIFT AGREEMENTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ANNUITIES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ASSETS HELD FOR AFFILIATES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3ASSETS HELD FOR BENEFICIARIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4ASSETS HELD FOR OTHER REMAINDERMEN
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5PAYABLE TO AFFILIATE
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.87000
IRS990ScheduleD/RevenueNotReportedAmt0333465
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0494107
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0IN ACCORDANCE WITH THE FINANCIAL ACCOUNTING STANDARDS BOARD GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, MANAGEMENT EVALUATED THE FOUNDATION'S TAX POSITIONS AND CONCLUDED THAT THE FOUNDATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. WITH FEW EXCEPTIONS, THE FOUNDATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE MAY 31, 2011.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1TRANSFER TO UNIVERSITY
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.13000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0768652
IRS990ScheduleD/TotalLiabilityAmt05898073
IRS990ScheduleD/TotalRevenuePerForm990Amt0494107
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0827572
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0722715
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0178371
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS TO VARIOUS STUDENTS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0222
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION SENDS THE DRAFT 990 RETURN TO ALL TRUSTEES BY ELECTRONIC MEANS. A CONFERENCE CALL IS HELD APPROXIMATELY TWO WEEKS LATER WITH THE FINANCE AND AUDIT COMMITTEE IN WHICH DISCUSSION AND VOTE OCCURS PRIOR TO THE SUBMISSION DEADLINE OF THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TRUSTEES AND KEY EMPLOYEES ARE REQUIRED TO SIGN THE CONFLICT OF INTEREST STATEMENT ANNUALLY. SIGNED COPIES ARE ON FILE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FOUNDATION MAKES IT GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3JAMES JEFFERY AND JAMES LYTLE RECEIVE COMPENSATION FROM SUMMIT UNIVERSITY OF PENNSYLVANIA. INCLUDED IN JAMES JEFFERY'S AND JAMES LYTLE'S COMPENSATION IS HOUSING ALLOWANCE IN THE AMOUNT OF $17,885 AND $52,000,RESEPECTIVELY. WHICH IS BOTH FEDERAL AND FICA EXEMPT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ACTUARIAL LOSS (GAIN) ON ANNUITIES AND LIFE INCOME TRUST -126,566.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION HAS NOT CHANGED ITS AUDITOR OVERSIGHT OR SELECTION PROCESS DURING THE TAX YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VII - REPORTABLE COMPENSATION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII - LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,464,363
Liabilities
$5,913,073
Net assets
$3,551,290
Revenue
$494,107
Expenses
$768,652
Net income
-$274,545
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.17$3.83$2.34$0.28$0.32$0.04
2023Detailed filing. Detailed filing data is available for this year.$5.70$3.77$1.94$0.15$0.27$0.42
2022Detailed filing. Detailed filing data is available for this year.$6.71$4.48$2.23$0.95$0.27$0.69
2021Detailed filing. Detailed filing data is available for this year.$7.22$4.45$2.77$0.26$0.23$0.04
2020Detailed filing. Detailed filing data is available for this year.$7.87$5.61$2.26$0.20$0.34$0.14
2019Detailed filing. Detailed filing data is available for this year.$8.42$5.92$2.50$0.19$0.15$0.04
2018Detailed filing. Detailed filing data is available for this year.$9.40$6.76$2.64$0.39$0.48$0.08
2017Detailed filing. Detailed filing data is available for this year.$9.55$6.77$2.78$0.62$0.82$0.20
2016Detailed filing. Detailed filing data is available for this year.$9.74$6.75$2.98$0.44$0.37$0.07
2015Detailed filing. Detailed filing data is available for this year.$9.46$5.91$3.55$0.49$0.77$0.27
2014Detailed filing. Detailed filing data is available for this year.$10.3$6.26$4.03$1.18$0.71$0.47
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.4$6.72$3.69$0.66
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.73$6.40$3.33$0.32
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.3$6.40$3.94$0.98
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.0$8.43$3.58$0.42