Civic Intelligence

Bbc Foundation Inc.

990 • Fiscal year 2017 • EIN 23-2732238

Jun 01, 2016 to May 31, 2017 • Filed on Apr 16, 2018

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

84th percentile

0.71x

Higher debt load relative to assets than 84% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

97th percentile

10.96x

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

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

8th percentile

-33%

Higher net margin than 8% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

27th percentile

-1.9%

Faster asset growth than 27% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

85th percentile

41%

Faster revenue growth than 85% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets84th percentile

Assets

Down

$9,551,456

Down $184,992 (-1.9%) from 2016

Net Assets

Down

$2,780,342

Down $201,158 (-6.7%) from 2016

Liabilities

Up

$6,771,114

Up $16,166 (+0.2%) from 2016

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin8th percentile

Revenue

Up

$617,685

Up $178,637 (+41%) from 2016

Expenses

Up

$820,456

Up $447,878 (+120%) from 2016

Net Income

Down

-$202,771

Down $269,241 (-405%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth27th 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

2017

Assets$9,551,456
Liabilities$6,771,114
Net Assets$2,780,342
Open 2017 Filing

Operations Trend

Revenue Growth85th 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

2017

Revenue$617,685
Expenses$820,456
Net Income-$202,771
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2016 to May 31, 2017
Signed
Apr 16, 2018
Return Version
2016v3.0
Gross Receipts
$3,948,851
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$7,676,722$7,794,922▲ $118,200
Cash and Non-Interest-Bearing Accounts$539,674$395,411▼ $144,263
Other Notes and Loans Receivable, Net$200,697$200,697→ $0
Total Assets$9,736,448$9,551,456▼ $184,992
Other Assets Total$1,319,355$1,160,426▼ $158,929
Liabilities
Other Liabilities$5,249,148$5,265,434▲ $16,286
Unsecured Notes Loans Payable$1,500,000$1,499,880▼ $120
Accounts Payable and Accrued Expenses$5,800$5,800→ $0
Total Liabilities$6,754,948$6,771,114▲ $16,166
Net Assets / Fund Balance
Permanently Rstr Net Assets$2,158,937$2,131,096▼ $27,841
Temporarily Rstr Net Assets$1,020,264$690,552▼ $329,712
Unrestricted Net Assets$-197,701$-41,306▲ $156,395
Total Net Assets Fund Balance$2,981,500$2,780,342▼ $201,158
Total Liabilities and Net Assets / Fund Balance$9,736,448$9,551,456▼ $184,992

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$1,160,426--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$2,286,500$15,900▲ $289,204$102,720$2,488,884
2015$2,432,953$49,700▼ $140,003$56,150$2,286,500
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
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeOtherTotal
James LytleBoard MemberPT$135,996$135,996
Thomas BevanBoard MemberPT$34,529$34,529

Board Members and Trustees

NameTitle
Dan KallmanBoard Member
Don ChildsBoard Member
John GreetingBoard Member
Matt CalderonBoard Member
Tom BenefielBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$147,205
Program Service Revenue
$0
Investment Income
$470,480
Other Revenue
$0
All Other Contributions
$147,205
Change in Net Assets
$-202,771

Audited Revenue Reconciliation

Revenue per Audited Statements
$617,685
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$289,758
Total Revenue per Audited Statements
$907,443
Total Revenue per Form 990
$617,685
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$589,769
Grants and Similar Amounts Paid$230,687
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Payments to Affiliates$475,894--$475,894
Grants to Domestic Individuals$230,687--$230,687
Other Expenses$20,776$619-$619
Total Functional Expenses$819,837$619$0$820,456

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$820,456
Total Expenses per Audited Statements$606,100
Expenses Not Reported on Financial Statements$475,894
Other Expense Adjustments$475,894
Expenses per Audited Statements$344,562
Expenses Not Reported on Form 990$261,538
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$1,944,023
Assets Held for Beneficiaries$1,200,535
Assets Held for Affiliates$1,148,379
Annuities Payable$572,348
Assets Held for Other Remaindermen$400,149
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 11B

“The organization sends the draft 990 return to all trustees by electronic means. A conference call is held 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 lytle receives compensation from clarks summit university. Included in james lytle's compensation is a housing allowance in the amount of $52,000, 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
James Lytle
Title
President
Phone
5705859407
Signed
2018-04-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Lytle
Formed
1992
Legal Domicile
Pa
Voting Board Members
7
Independent Board Members
5
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 gain (loss) on annuities and life income trust -26,607.”

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, 2013.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“TRANSFER TO UNIVERSITY”

Raw XML AppendixShowing 400 of 473 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt05800
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt05800
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0RAISE FUNDS FOR RELATED UNIVERSITY
IRS990/AllOtherContributionsAmt0147205
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0BBC FOUNDATION INC
IRS990/BooksInCareOfDetail/PhoneNum05705859608
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0538 VENARD ROAD
IRS990/BooksInCareOfDetail/USAddress/CityNm0CLARKS SUMMIT
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0PA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd018411
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0539674
IRS990/CashNonInterestBearingGrp/EOYAmt0395411
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0147205
IRS990/CYGrantsAndSimilarPaidAmt0230687
IRS990/CYInvestmentIncomeAmt0470480
IRS990/CYOtherExpensesAmt0589769
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-202771
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0820456
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0617685
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0RAISE FUNDS AND MANAGE ENDOWMENTS FOR RELATED UNIVERSITY.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd01
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0819837
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt55.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt65.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt59628
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt6798
IRS990/Form990PartVIISectionAGrp/PersonNm0TOM BENEFIEL
IRS990/Form990PartVIISectionAGrp/PersonNm1DAN KALLMAN
IRS990/Form990PartVIISectionAGrp/PersonNm2MATT CALDERON
IRS990/Form990PartVIISectionAGrp/PersonNm3DON CHILDS
IRS990/Form990PartVIISectionAGrp/PersonNm4JOHN GREETING
IRS990/Form990PartVIISectionAGrp/PersonNm5JAMES LYTLE
IRS990/Form990PartVIISectionAGrp/PersonNm6THOMAS BEVAN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt5126368
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt633731
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01992
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0350274
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantAmt0230687
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0230687
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0230687
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt03681440
IRS990/GrossReceiptsAmt03948851
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt0120206
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0120206
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt07676722
IRS990/InvestmentsPubTradedSecGrp/EOYAmt07794922
IRS990/IRPDocumentCnt086
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0PA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt03331166
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PROVIDING STEWARDSHIP OPPORTUNITIES THROUGH PLANNED GIVING, ESTATES, AND GIFTS FOR THE BENEFIT OF CLARKS SUMMIT UNIVERSITY OF PENNSYLVANIA.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt02981500
IRS990/NetAssetsOrFundBalancesEOYAmt02780342
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0350274
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0350274
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt028220
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01319355
IRS990/OtherAssetsTotalGrp/EOYAmt01160426
IRS990/OtherChangesInNetAssetsAmt0-26607
IRS990/OtherExpensesGrp/Desc0INTEREST-REVOCABLE DEPO
IRS990/OtherExpensesGrp/Desc1MINISTRY
IRS990/OtherExpensesGrp/Desc2INVESTMENT AND BANK FEE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0619
IRS990/OtherExpensesGrp/ProgramServicesAmt092480
IRS990/OtherExpensesGrp/ProgramServicesAmt120776
IRS990/OtherExpensesGrp/TotalAmt092480
IRS990/OtherExpensesGrp/TotalAmt120776
IRS990/OtherExpensesGrp/TotalAmt2619
IRS990/OtherLiabilitiesGrp/BOYAmt05249148
IRS990/OtherLiabilitiesGrp/EOYAmt05265434
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0200697
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0200697
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt0475894
IRS990/PaymentsToAffiliatesGrp/TotalAmt0475894
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt02158937
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt02131096
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JAMES LYTLE
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0201558
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0236471
IRS990/PYInvestmentIncomeAmt0237490
IRS990/PYOtherExpensesAmt0136107
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt066470
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0372578
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0439048
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-202771
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0350274
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/SupportAmt0475894
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0CLARKS SUMMIT UNIVERSITY OF PENNSYLVANIA
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt0475894
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/BeginningYearBalanceAmt02286500
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt015900
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt02488884
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0289204
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0102720
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt02432953
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt049700
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt02286500
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-140003
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt056150
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt02366216
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt08500
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt02432953
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0112412
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt054175
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt02236631
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt011200
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt02366216
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0162180
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt043795
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt02008313
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt09600
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt02236631
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0258543
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt039825
IRS990ScheduleD/DisclosedForCharitablePrpsInd01
IRS990ScheduleD/DisclosedOrgLegCtrlInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0261538
IRS990ScheduleD/DonatedServicesUseFcltsAmt0261538
IRS990ScheduleD/DonorAdvisedFundsHeldCnt02
IRS990ScheduleD/DonorAdvisedFundsVlEOYAmt028365
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt0261538
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0475894
IRS990ScheduleD/ExpensesSubtotalAmt0344562
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt028220
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01160426
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RECEIVABLE FROM AFFILIATE
IRS990ScheduleD/OtherExpensesNotIncludedAmt0475894
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01944023
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1572348
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21148379
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt31200535
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt4400149
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/PrmnntEndowmentBalanceEOYPct00.86000
IRS990ScheduleD/RevenueNotReportedAmt0289758
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0617685
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, 2013.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1TRANSFER TO UNIVERSITY
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.14000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01160426
IRS990ScheduleD/TotalExpensesPerForm990Amt0820456
IRS990ScheduleD/TotalLiabilityAmt05265434
IRS990ScheduleD/TotalRevenuePerForm990Amt0617685
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0907443
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0606100
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0230687
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS TO VARIOUS STUDENTS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0277
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION SENDS THE DRAFT 990 RETURN TO ALL TRUSTEES BY ELECTRONIC MEANS. A CONFERENCE CALL IS HELD 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 LYTLE RECEIVES COMPENSATION FROM CLARKS SUMMIT UNIVERSITY. INCLUDED IN JAMES LYTLE'S COMPENSATION IS A HOUSING ALLOWANCE IN THE AMOUNT OF $52,000, WHICH IS BOTH FEDERAL AND FICA EXEMPT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ACTUARIAL GAIN (LOSS) ON ANNUITIES AND LIFE INCOME TRUST -26,607.
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 11B
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
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0SUMMIT UNIVERSITY OF PENNSYLVANIA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0150543962
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0PA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PROVIDES UNDERGRADUATE, GRADUATE, AND SEMINARY DEGREE PROGRAMS.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0509(A)(1)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0538 VENARD ROAD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0CLARKS SUMMIT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0PA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd018411
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd01
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0261538
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1475894
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FAIR MARKET VALUE
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1TRANSFER TO UNIVERSITY
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0CLARKS SUMMIT UNIVERSITY OF PENNSYLVANIA
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1CLARKS SUMMIT UNIVERSITY OF PENNSYLVANIA
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0P
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1R
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd01
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0PA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt01020264
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0690552
IRS990/TempOrPermanentEndowmentsInd01
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt09736448
IRS990/TotalAssetsEOYAmt09551456
IRS990/TotalAssetsGrp/BOYAmt09736448
IRS990/TotalAssetsGrp/EOYAmt09551456
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0147205
IRS990/TotalEmployeeCnt00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,551,456
Liabilities
$6,771,114
Net assets
$2,780,342
Revenue
$617,685
Expenses
$820,456
Net income
-$202,771
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