Civic Intelligence

Bangor Area School District Educational Foundation Inc

990 • Fiscal year 2023 • EIN 23-2917834

Jan 01, 2023 to Dec 31, 2023 • Filed on Oct 28, 2024

Organization ProfileBASDEF.ORG
123 Five Points -richmond RoadBangor, PA 18013

(610) 253-4000

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

17th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

71st percentile

17%

Higher net margin than 71% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

41st percentile

$9,469

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 11.3% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

55th percentile

6.5%

Faster asset growth than 55% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

89th percentile

82%

Faster revenue growth than 89% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets17th percentile

Assets

Up

$1,172,381

Up $71,792 (+6.5%) from 2022

Net Assets

Up

$1,172,381

Up $71,792 (+6.5%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin71st percentile

Revenue

Up

$83,552

Up $37,630 (+82%) from 2022

Expenses

Down

$69,487

Down $6,556 (-8.6%) from 2022

Net Income

Up

$14,065

Up $44,186 (+147%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth55th percentile

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

$1.5M$1.0M$500K$0Assets 2017: $1,134,112Liabilities 2017: $0Net Assets 2017: $1,134,1122017Assets 2018: $1,034,542Liabilities 2018: $0Net Assets 2018: $1,034,5422018Assets 2019: $1,172,375Liabilities 2019: $0Net Assets 2019: $1,172,3752019Assets 2020: $1,288,339Liabilities 2020: $0Net Assets 2020: $1,288,3392020Assets 2021: $1,336,085Liabilities 2021: $0Net Assets 2021: $1,336,0852021Assets 2022: $1,100,589Liabilities 2022: $0Net Assets 2022: $1,100,5892022Assets 2023: $1,172,381Liabilities 2023: $0Net Assets 2023: $1,172,3812023Assets 2024: $1,223,990Liabilities 2024: $0Net Assets 2024: $1,223,9902024

Highlighted filing

2023

Assets$1,172,381
Liabilities$0
Net Assets$1,172,381
Open 2023 Filing

Operations Trend

Revenue Growth89th percentile

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

$600K$400K$200K$0-$200KRevenue 2017: $432,896Expenses 2017: $54,769Net Income 2017: $378,1272017Revenue 2018: $52,259Expenses 2018: $60,686Net Income 2018: -$8,4272018Revenue 2019: $152,125Expenses 2019: $77,178Net Income 2019: $74,9472019Revenue 2020: $132,752Expenses 2020: $81,651Net Income 2020: $51,1012020Revenue 2021: $150,742Expenses 2021: $80,738Net Income 2021: $70,0042021Revenue 2022: $45,922Expenses 2022: $76,043Net Income 2022: -$30,1212022Revenue 2023: $83,552Expenses 2023: $69,487Net Income 2023: $14,0652023Revenue 2024: $101,453Expenses 2024: $73,384Net Income 2024: $28,0692024

Highlighted filing

2023

Revenue$83,552
Expenses$69,487
Net Income$14,065
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 28, 2024
Return Version
2023v5.0
Gross Receipts
$197,461
Mission and Program Overview

Mission

A scholarship foundation to reward students who work hard and apply their ability. This scholarship program is not only based on academics, but to students who apply their ability to the studies that they choose to be their future career.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,085,353$1,168,744▲ $83,391
Cash and Non-Interest-Bearing Accounts$15,236$3,637▼ $11,599
Total Assets$1,100,589$1,172,381▲ $71,792
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$628,292$678,735▲ $50,443
Net Assets With Donor Restrictions$472,297$493,646▲ $21,349
Total Net Assets Fund Balance$1,100,589$1,172,381▲ $71,792
Total Liabilities and Net Assets / Fund Balance$1,100,589$1,172,381▲ $71,792
Compensation and Service Providers
Top Officer Pay41st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Deanna RuzanskiEx DirectorPT$9,469$9,469

Board Members and Trustees

NameTitle
Mike FeeneyPresident
Marc BlauSec
Angeline GloriaV Pres
Revenue and Support

Revenue Composition

Contributions and Grants
$14,527
Program Service Revenue
$0
Investment Income
$68,898
Other Revenue
$127
All Other Contributions
$14,527
Change in Net Assets
$14,065
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$60,018
Salaries, Compensation, and Employee Benefits$9,469
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Service Investment Mgmnt Fees-$13,866-$13,866
Current Officers, Directors, Trustees, and Key Employees$9,000$469-$9,469
Other Expenses$920--$920
Insurance-$801-$801
Fees for Services Accounting-$600-$600
Total Functional Expenses$53,751$15,736$0$69,487
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
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 6

“MEMBERS”

Form 990, Page 6, Part VI, Line 7A

“Officers elected on first meeting of year.”

Form 990, Page 6, Part VI, Line 10B

“Board is currently working of a drafting a conflict of interest policy as well as a whistleblowers policy.”

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

“Form 990 is not reviewed before submission”

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

“Every director, principal officer and member of a committee, and volunteer must annual sign a statement which affirms that he has recieved a copy of the conflicts of interest policy, has read and understnds the policy, and has agreed to comply with the policy. These policies will be overseen with periodic reviews”

Form 990, Page 6, Part VI, Line 15A

“Key paid employee job performance and compensation is reviewed by board members on a yearly basis”

Form 990, Page 6, Part VI, Line 19

“Currently documents are not available to public but will provide the information to any one who requests it.”

Filing and Contact Details

Filer

Filer Name
Bangor Area School District
EIN
23-2917834
Phone
6102534000
Address
123 FIVE POINTS -RICHMOND ROAD, BANGOR, PA 18013

Signing Officer

Name
Mike Feeney
Title
President
Phone
6105882163
Signed
2024-10-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Deanna Ruzanski
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
10

Preparer

Firm
John T Schimmel Pa
Address
1400 NORTHAMPTON STREET, EASTON, PA 18042
Preparer
John T Schimmel Pa
Phone
6102534000
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“A scholarship foundation to reward students who work hard and apply their ability. This scholarship program is not only based on academics, but to students who apply their ability to the studies that they choose to be their future career.”

Form 990, Page 1, Part I, Line 6

“Volunteers are board members and additional members of the school, they participate in board meetings and reviewing and issuing of teachers grants and scholarships.”

Form 990, Part XI, Line 9

“Change in investment value 57,727 change in value 0 total 57,727”

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A SCHOLARSHIP FOUNDATION TO REWARD STUDENTS WHO WORK HARD AND APPLY THEIR ABILITY. THIS SCHOLARSHIP PROGRAM IS NOT ONLY BASED ON ACADEMICS, BUT TO STUDENTS WHO APPLY THEIR ABILITY TO THE STUDIES THAT THEY CHOOSE TO BE THEIR FUTURE CAREER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1VOLUNTEERS ARE BOARD MEMBERS AND ADDITIONAL MEMBERS OF THE SCHOOL, THEY PARTICIPATE IN BOARD MEETINGS AND REVIEWING AND ISSUING OF TEACHERS GRANTS AND SCHOLARSHIPS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OFFICERS ELECTED ON FIRST MEETING OF YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOARD IS CURRENTLY WORKING OF A DRAFTING A CONFLICT OF INTEREST POLICY AS WELL AS A WHISTLEBLOWERS POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FORM 990 IS NOT REVIEWED BEFORE SUBMISSION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6EVERY DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE, AND VOLUNTEER MUST ANNUAL SIGN A STATEMENT WHICH AFFIRMS THAT HE HAS RECIEVED A COPY OF THE CONFLICTS OF INTEREST POLICY, HAS READ AND UNDERSTNDS THE POLICY, AND HAS AGREED TO COMPLY WITH THE POLICY. THESE POLICIES WILL BE OVERSEEN WITH PERIODIC REVIEWS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7KEY PAID EMPLOYEE JOB PERFORMANCE AND COMPENSATION IS REVIEWED BY BOARD MEMBERS ON A YEARLY BASIS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8CURRENTLY DOCUMENTS ARE NOT AVAILABLE TO PUBLIC BUT WILL PROVIDE THE INFORMATION TO ANY ONE WHO REQUESTS IT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9CHANGE IN INVESTMENT VALUE 57,727 CHANGE IN VALUE 0 TOTAL 57,727
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 10B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PART XI, LINE 9
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt083552
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01100589
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01172381
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0BANGOR SCHOOL DISTRICT
IRS990/USAddress/CityNm0BANGOR
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd018013
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0BASDEF.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MIKE FEENEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06105882163
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-10-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BANGOR AREA SCHOOL DISTRICT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0EDUCATIONAL FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0BANG
ReturnHeader/Filer/EIN0232917834
ReturnHeader/Filer/PhoneNum06102534000
ReturnHeader/Filer/USAddress/AddressLine1Txt0123 FIVE POINTS -RICHMOND ROAD
ReturnHeader/Filer/USAddress/CityNm0BANGOR
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd018013
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0232437150
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JOHN T SCHIMMEL PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01400 NORTHAMPTON STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0EASTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd018042
ReturnHeader/PreparerPersonGrp/PhoneNum06102534000
ReturnHeader/PreparerPersonGrp/PreparationDt02024-10-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN T SCHIMMEL PA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02024-10-28T14:51:36-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$1,172,381
Liabilities
$0
Net assets
$1,172,381
Revenue
$83,552
Expenses
$69,487
Net income
$14,065
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.22$0.00$1.22$0.10$0.07$0.03
2023Detailed filing. Detailed filing data is available for this year.$1.17$0.00$1.17$0.08$0.07$0.01
2022Detailed filing. Detailed filing data is available for this year.$1.10$0.00$1.10$0.05$0.08$0.03
2021Detailed filing. Detailed filing data is available for this year.$1.34$0.00$1.34$0.15$0.08$0.07
2020Detailed filing. Detailed filing data is available for this year.$1.29$0.00$1.29$0.13$0.08$0.05
2019Detailed filing. Detailed filing data is available for this year.$1.17$0.00$1.17$0.15$0.08$0.07
2018Detailed filing. Detailed filing data is available for this year.$1.03$0.00$1.03$0.05$0.06$0.01
2017Detailed filing. Detailed filing data is available for this year.$1.13$0.00$1.13$0.43$0.05$0.38