Civic Intelligence

Weaverland Financial Aid

990 • Fiscal year 2020 • EIN 23-3017873

Aug 01, 2019 to Jul 31, 2020 • Filed on Jun 04, 2021

1601 Lincoln RoadLititz, PA 17543

(717) 738-3614

Siviq Scores

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

Liabilities / Assets

91st percentile

0.99x

Higher debt load relative to assets than 91% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2020

Liabilities / Revenue

99th percentile

31.26x

Higher debt load relative to revenue than 99% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2020

Net Margin

55th percentile

5.6%

Higher net margin than 55% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2020

Top Officer Pay

5th percentile

$99,118

Higher top officer pay than 5% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2020

Asset Growth

59th percentile

8.1%

Faster asset growth than 59% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2019 to 2020

Revenue Growth

39th percentile

-1.4%

Faster revenue growth than 39% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2019 to 2020

Assets

Up

$191,829,221

Up $14,359,473 (+8.1%) from 2019

Net Assets

Up

$1,704,349

Up $218,823 (+15%) from 2019

Liabilities

Up

$190,124,872

Up $14,140,650 (+8.0%) from 2019

Revenue

Down

$6,081,582

Down $88,396 (-1.4%) from 2019

Expenses

Down

$5,743,542

Down $386,421 (-6.3%) from 2019

Net Income

Up

$338,040

Up $298,025 (+745%) from 2019

Historical Trend

Balance Sheet Trend

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

$400M$300M$200M$100M$0Assets 2011: $87,628,460Liabilities 2011: $87,223,122Net Assets 2011: $405,3382011Assets 2012: $90,134,128Liabilities 2012: $89,513,638Net Assets 2012: $620,4902012Assets 2013: $102,323,494Liabilities 2013: $101,647,769Net Assets 2013: $675,7252013Assets 2014: $112,077,938Liabilities 2014: $111,533,335Net Assets 2014: $544,6032014Assets 2015: $128,226,527Liabilities 2015: $127,615,065Net Assets 2015: $611,4622015Assets 2016: $145,424,391Liabilities 2016: $144,569,070Net Assets 2016: $855,3212016Assets 2017: $159,366,290Liabilities 2017: $158,258,417Net Assets 2017: $1,107,8732017Assets 2018: $166,354,252Liabilities 2018: $164,899,800Net Assets 2018: $1,454,4522018Assets 2019: $177,469,748Liabilities 2019: $175,984,222Net Assets 2019: $1,485,5262019Assets 2020: $191,829,221Liabilities 2020: $190,124,872Net Assets 2020: $1,704,3492020Assets 2021: $214,771,821Liabilities 2021: $213,193,650Net Assets 2021: $1,578,1712021Assets 2022: $237,513,968Liabilities 2022: $235,732,556Net Assets 2022: $1,781,4122022Assets 2023: $288,509,186Liabilities 2023: $286,828,980Net Assets 2023: $1,680,2062023Assets 2024: $323,306,719Liabilities 2024: $321,167,425Net Assets 2024: $2,139,2942024

Highlighted filing

2020

Assets$191,829,221
Liabilities$190,124,872
Net Assets$1,704,349

Operations Trend

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

$20M$15M$10M$5.0M$0Expenses 2011: $3,219,4672011Expenses 2012: $3,004,4102012Revenue 2013: $3,119,748Expenses 2013: $3,021,482Net Income 2013: $98,2662013Revenue 2014: $3,271,147Expenses 2014: $3,252,269Net Income 2014: $18,8782014Revenue 2015: $3,861,312Expenses 2015: $3,657,131Net Income 2015: $204,1812015Revenue 2016: $4,624,501Expenses 2016: $4,230,642Net Income 2016: $393,8592016Revenue 2017: $5,115,492Expenses 2017: $4,660,940Net Income 2017: $454,5522017Revenue 2018: $5,497,547Expenses 2018: $5,000,968Net Income 2018: $496,5792018Revenue 2019: $6,169,978Expenses 2019: $6,129,963Net Income 2019: $40,0152019Revenue 2020: $6,081,582Expenses 2020: $5,743,542Net Income 2020: $338,0402020Revenue 2021: $5,826,105Expenses 2021: $5,799,023Net Income 2021: $27,0822021Revenue 2022: $5,291,120Expenses 2022: $5,204,127Net Income 2022: $86,9932022Revenue 2023: $12,699,292Expenses 2023: $12,637,998Net Income 2023: $61,2942023Revenue 2024: $18,897,806Expenses 2024: $18,369,363Net Income 2024: $528,4432024

Highlighted filing

2020

Revenue$6,081,582
Expenses$5,743,542
Net Income$338,040
Jump To
Filing Snapshot
Filing Period
Aug 1, 2019 to Jul 31, 2020
Signed
Jun 4, 2021
Return Version
2019v5.0
Gross Receipts
$6,081,582
Mission and Program Overview

Mission

The program borrows funds from members of the weaverland conference mennonite church to re-lend to young mennonite persons of the community at a low interest rate. This program is designed to help preserve and maintain the religious beliefs, cultural traditions and lifestyle of the weaverland conference mennonite church and allows young mennonite persons to establish themselves in the weaverland conference mennonite community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$160,508,111$167,582,429▲ $7,074,318
Savings and Temporary Cash Investments$9,796,899$15,921,595▲ $6,124,696
Receivable From Disqualified Prsn$6,653,290$8,018,622▲ $1,365,332
Loans From Officers Directors$2,640,994$1,749,992▼ $891,002
Rtn Earn Endowment Incm Other Fnds$1,485,526$1,704,349▲ $218,823
Cash and Non-Interest-Bearing Accounts$165,791$3,623▼ $162,168
Total Assets$177,469,748$191,829,221▲ $14,359,473
Other Assets Total$345,657$302,952▼ $42,705
Liabilities
Unsecured Notes Loans Payable$173,333,593$188,365,226▲ $15,031,633
Accounts Payable and Accrued Expenses$9,635$9,654▲ $19
Total Liabilities$175,984,222$190,124,872▲ $14,140,650
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,485,526$1,704,349▲ $218,823
Total Liabilities and Net Assets / Fund Balance$177,469,748$191,829,221▲ $14,359,473
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Mark N MartinAdministratoPT$99,118$99,118
Jordan K SeibelAssistant AdPT$22,157$22,157

Board Members and Trustees

NameTitle
Raymond S FoxChairman
Melvin H HorningVice Chairma
Earl G MartinDirector
David ZimmermanAssistant Se
John NewswangerAssistant Tr
Glenn BrubacherSecretary
Carl NoltTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$11,125
Program Service Revenue
$5,929,026
Investment Income
$141,431
Other Revenue
$0
All Other Contributions
$11,125
Change in Net Assets
$338,040

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,081,582
Total Revenue per Audited Statements
$6,081,582
Total Revenue per Form 990
$6,081,582
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,622,116
Salaries, Compensation, and Employee Benefits$121,426
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$5,426,056--$5,426,056
Current Officers, Directors, Trustees, and Key Employees-$121,426-$121,426
Office Expenses-$39,237-$39,237
Fees for Services Accounting-$25,885-$25,885
Fees for Services Legal-$18,616-$18,616
Other Expenses$17,441$7,696-$7,696
Total Functional Expenses$5,530,682$212,860$0$5,743,542

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,862,759
Total Expenses per Form 990$5,743,542
Expenses per Audited Statements$5,656,357
Expenses Not Reported on Form 990$206,402
Expenses Not Reported on Financial Statements$87,185
Other Expense Adjustments$87,185
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons$6,653,290$8,018,622▲ $1,365,332
Loans from Officers, Directors, Trustees, and Key Employees$2,640,994$1,749,992▼ $891,002
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
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
Yes
Conflict-of-interest policy
No
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

The board, board treasurer and administrator review the return and approve it before it is filed.

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

The board reviewed the workload of the administrator and agreed upon the payments to the administrator after such time that the board was able to determine a fair and reasonable amount.

Form 990, Page 6, Part VI, Line 19

The governing documents are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Weaverland Financial Aid
EIN
23-3017873
Phone
7177383614
Address
1601 LINCOLN ROAD, LITITZ, PA 17543

Signing Officer

Name
Carl Nolt
Title
Treasurer
Phone
7177380866
Signed
2021-06-04

Organization Details

Principal Officer
Raymond S Fox
Formed
1999
Legal Domicile
Pa
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
11

Preparer

Firm
Hershey Advisors Pc
Address
OREGON PIKE PO BOX 669, BROWNSTOWN, PA 17508
Preparer
Daryl E Eshleman CPA
Phone
7178591158
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The program borrows funds from members of the weaverland conference mennonite church to re-lend to young mennonite persons of the community at a low interest rate. This program is designed to help preserve and maintain the religious beliefs, cultural traditions and lifestyle of the weaverland conference mennonite church and allows young mennonite persons to establish themselves in the weaverland conference mennonite community.

Form 990, Part XI, Line 9

Provision for loan losses -206,402 loan loss writeoffs 87,185 total -119,217

Financial Statement Notes

Schedule D, Page 4, Part XII, Line 2D

Provision for loan losses 206,402

Schedule D, Page 4, Part XII, Line 4B

Loan loss writeoffs 87,185

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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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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt0488893
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IRS990ScheduleD/OtherExpensesNotIncludedAmt087185
IRS990ScheduleD/RevenueSubtotalAmt06081582
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PROVISION FOR LOAN LOSSES 206,402
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1LOAN LOSS WRITEOFFS 87,185
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 4B
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0MORTGAGE - PURCHASE REAL ESTATE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1INVESTMENT AGREEMENT
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PROGRAM BORROWS FUNDS FROM MEMBERS OF THE WEAVERLAND CONFERENCE MENNONITE CHURCH TO RE-LEND TO YOUNG MENNONITE PERSONS OF THE COMMUNITY AT A LOW INTEREST RATE. THIS PROGRAM IS DESIGNED TO HELP PRESERVE AND MAINTAIN THE RELIGIOUS BELIEFS, CULTURAL TRADITIONS AND LIFESTYLE OF THE WEAVERLAND CONFERENCE MENNONITE CHURCH AND ALLOWS YOUNG MENNONITE PERSONS TO ESTABLISH THEMSELVES IN THE WEAVERLAND CONFERENCE MENNONITE COMMUNITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD, BOARD TREASURER AND ADMINISTRATOR REVIEW THE RETURN AND APPROVE IT BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD REVIEWED THE WORKLOAD OF THE ADMINISTRATOR AND AGREED UPON THE PAYMENTS TO THE ADMINISTRATOR AFTER SUCH TIME THAT THE BOARD WAS ABLE TO DETERMINE A FAIR AND REASONABLE AMOUNT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PROVISION FOR LOAN LOSSES -206,402 LOAN LOSS WRITEOFFS 87,185 TOTAL -119,217
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15B
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IRS990/TypeOfOrganizationCorpInd0X
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0CARL NOLT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07177380866
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-06-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WEAVERLAND FINANCIAL AID
ReturnHeader/Filer/BusinessNameControlTxt0WEAV
ReturnHeader/Filer/EIN0233017873
ReturnHeader/Filer/PhoneNum07177383614
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$323$321$2.14$18.9$18.4$0.53
2023Detailed filing. Detailed filing data is available for this year.$289$287$1.68$12.7$12.6$0.06
2022Detailed filing. Detailed filing data is available for this year.$238$236$1.78$5.29$5.20$0.09
2021Detailed filing. Detailed filing data is available for this year.$215$213$1.58$5.83$5.80$0.03
2020Detailed filing. Detailed filing data is available for this year.$192$190$1.70$6.08$5.74$0.34
2019Detailed filing. Detailed filing data is available for this year.$177$176$1.49$6.17$6.13$0.04
2018Detailed filing. Detailed filing data is available for this year.$166$165$1.45$5.50$5.00$0.50
2017Detailed filing. Detailed filing data is available for this year.$159$158$1.11$5.12$4.66$0.45
2016Detailed filing. Detailed filing data is available for this year.$145$145$0.86$4.62$4.23$0.39
2015Detailed filing. Detailed filing data is available for this year.$128$128$0.61$3.86$3.66$0.20
2014Detailed filing. Detailed filing data is available for this year.$112$112$0.54$3.27$3.25$0.02
2013Summary only. Only limited summary data is available for this year.$102$102$0.68$3.12$3.02$0.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$90.1$89.5$0.62$3.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$87.6$87.2$0.41$3.22