Civic Intelligence

Penngift Foundation Inc.

990 • Fiscal year 2013 • EIN 23-3088386

Jan 01, 2013 to Dec 31, 2013 • Filed on Jun 03, 2014

Organization ProfileN/A
PO Box 121 83 W Main Street No 219520

(610) 286-1936

Siviq Scores

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

Liabilities / Assets

12th percentile

0.00x

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

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

14th percentile

0.00x

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

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Net Margin

59th percentile

6.1%

Higher net margin than 59% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

45th percentile

$36,000

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 3.4% of source-year revenue.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Asset Growth

60th percentile

5.3%

Faster asset growth than 60% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Balance Sheet
Liabilities / Assets12th percentile

Assets

Up

$1,296,268

Up $65,446 (+5.3%) from 2012

Net Assets

Up

$1,296,268

Up $65,446 (+5.3%) from 2012

Liabilities

Flat

$0

Flat from 2012

Revenue And Expenses
Liabilities / Revenue14th percentileNet Margin59th percentile

Revenue

$1,066,582

No earlier filing loaded for comparison.

Expenses

Down

$1,001,136

Down $68,297 (-6.4%) from 2012

Net Income

$65,446

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth60th percentile

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

$6.0M$4.0M$2.0M$0Assets 2010: $1,005,829Liabilities 2010: $0Net Assets 2010: $1,005,8292010Assets 2011: $1,097,141Liabilities 2011: $0Net Assets 2011: $1,097,1412011Assets 2012: $1,230,822Liabilities 2012: $0Net Assets 2012: $1,230,8222012Assets 2013: $1,296,268Liabilities 2013: $0Net Assets 2013: $1,296,2682013Assets 2014: $1,333,144Liabilities 2014: $0Net Assets 2014: $1,333,1442014Assets 2015: $1,280,041Liabilities 2015: $0Net Assets 2015: $1,280,0412015Assets 2016: $1,360,596Liabilities 2016: $0Net Assets 2016: $1,360,5962016Assets 2017: $1,387,176Liabilities 2017: $0Net Assets 2017: $1,387,1762017Assets 2018: $1,432,841Liabilities 2018: $0Net Assets 2018: $1,432,8412018Assets 2019: $1,348,512Liabilities 2019: $0Net Assets 2019: $1,348,5122019Assets 2020: $1,348,199Liabilities 2020: $0Net Assets 2020: $1,348,1992020Assets 2021: $1,634,947Liabilities 2021: $0Net Assets 2021: $1,634,9472021Assets 2022: $2,360,118Liabilities 2022: $0Net Assets 2022: $2,360,1182022Assets 2023: $3,605,061Liabilities 2023: $0Net Assets 2023: $3,605,0612023Assets 2024: $4,346,021Liabilities 2024: $0Net Assets 2024: $4,346,0212024

Highlighted filing

2013

Assets$1,296,268
Liabilities$0
Net Assets$1,296,268
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $731,9512010Expenses 2011: $865,4722011Expenses 2012: $1,069,4332012Revenue 2013: $1,066,582Expenses 2013: $1,001,136Net Income 2013: $65,4462013Revenue 2014: $1,049,963Expenses 2014: $1,013,087Net Income 2014: $36,8762014Revenue 2015: $598,916Expenses 2015: $652,019Net Income 2015: -$53,1032015Revenue 2016: $1,220,138Expenses 2016: $1,139,583Net Income 2016: $80,5552016Revenue 2017: $813,630Expenses 2017: $787,050Net Income 2017: $26,5802017Revenue 2018: $980,883Expenses 2018: $935,218Net Income 2018: $45,6652018Revenue 2019: $888,960Expenses 2019: $973,289Net Income 2019: -$84,3292019Revenue 2020: $864,883Expenses 2020: $865,196Net Income 2020: -$3132020Revenue 2021: $936,953Expenses 2021: $650,205Net Income 2021: $286,7482021Revenue 2022: $1,987,601Expenses 2022: $1,262,430Net Income 2022: $725,1712022Revenue 2023: $3,174,801Expenses 2023: $1,929,858Net Income 2023: $1,244,9432023Revenue 2024: $3,783,050Expenses 2024: $3,042,090Net Income 2024: $740,9602024

Highlighted filing

2013

Revenue$1,066,582
Expenses$1,001,136
Net Income$65,446
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Jun 3, 2014
Return Version
2013v3.0
Gross Receipts
$1,066,582
Mission and Program Overview

Mission

To provide scholarship assistance to families with children attending private schools.

To provide scholarship assistance to families with children attending private schools

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,230,822$1,296,268▲ $65,446
Total Assets$1,230,822$1,296,268▲ $65,446
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,005,423$1,032,893▲ $27,470
Unrestricted Net Assets$225,399$263,375▲ $37,976
Total Net Assets Fund Balance$1,230,822$1,296,268▲ $65,446
Total Liabilities and Net Assets / Fund Balance$1,230,822$1,296,268▲ $65,446
Compensation and Service Providers
Top Officer Pay45th percentile

Employees

NameTitleFull / Part TimeBaseTotal
John M CassidyTREASURER; MANAGING DIRECTPT$36,000$36,000

Board Members and Trustees

NameTitle
Robert L ConePresident
Samuel E RohrerVice President
Ronald L HaasDirector
Gerald W ThackerSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,065,091
Program Service Revenue
$0
Investment Income
$1,491
Other Revenue
$0
All Other Contributions
$1,065,091
Change in Net Assets
$65,446

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,066,582
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,066,582
Total Revenue per Form 990
$1,066,582
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$933,859
Salaries, Compensation, and Employee Benefits$36,000
Other Expenses$31,277
Total Fundraising Expense$612
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$933,859--$933,859
Current Officers, Directors, Trustees, and Key Employees-$36,000-$36,000
Fees for Services Accounting-$21,200-$21,200
Office Expenses$1,329$8,136$612$10,077
Total Functional Expenses$935,188$65,336$612$1,001,136

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,001,136
Total Expenses per Audited Statements$1,001,136
Total Expenses per Form 990$1,001,136
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

“The organization does not have committees.”

Form 990, Part VI, Section B, Line 11

“A copy of the return is presented to the board of directors for review, however the return can be filed with the approval of only the managing director if it is not possible for the entire board to review prior to filing.”

Form 990, Part VI, Section C, Line 18

“Form 1023 and form 990 are available for inspection upon request.”

Form 990, Part VI, Section C, Line 19

“Financial information outside of the forms 1023 and 990 are not available to the public for inspection.”

Filing and Contact Details

Filer

EIN
23-3088386
Phone
6102861936

Signing Officer

Name
John Cassidy
Title
Treasurer
Phone
6102861936
Signed
2014-06-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Cassidy
Formed
2001
Legal Domicile
Pa
Voting Board Members
5
Independent Board Members
4
Employees
0
Volunteers
4

Preparer

Preparer
Thomas E Kauffman
Phone
6103761595
Supplemental Narrative

Additional Explanations

FORM 990, PART V, LINE 1C:

“The organization did not have any instances where backup withholding was required; however, if the situation would arise, the organization is aware of the reporting requirements and would handle that accordingly.”

FORM 990, PART XII, LINE 2C:

“No changes to the organizations oversight process or selection process were made during the tax year.”

Financial Statement Notes

PART X, LINE 2:

“Accounting principles generally accepted in the united states of america require management to evaluate tax positions taken by the foundation, including whether the entity is exempt from income taxes. Management evaluated the tax positions taken and concluded that the foundation had no uncertain tax positions that require recognition or disclosure im the financial statements. Therefore, no provision or liability for income taxes has been included in the financial statements. With few exceptions, the foundation is no longer subject to income tax examinations by the us federal, state and local tax authorities for years before december 31, 2010.”

Raw XML Appendix361 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/RevenueSubtotalAmt01066582
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FOUNDATION, INCLUDING WHETHER THE ENTITY IS EXEMPT FROM INCOME TAXES. MANAGEMENT EVALUATED THE TAX POSITIONS TAKEN AND CONCLUDED THAT THE FOUNDATION HAD NO UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IM THE FINANCIAL STATEMENTS. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. WITH FEW EXCEPTIONS, THE FOUNDATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE US FEDERAL, STATE AND LOCAL TAX AUTHORITIES FOR YEARS BEFORE DECEMBER 31, 2010.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01001136
IRS990ScheduleD/TotalRevenuePerForm990Amt01066582
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01066582
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01001136
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0933859
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0EDUCATION SCHOLARSHIP
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt00
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0598
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE FUNDS ARE APPLIED TO THE ACCOUNTS OF STUDENTS SELECTED AT PARTICULAR SCHOOLS. AN AFFIDAVIT OF THE DISTRIBUTION OF FUNDS IS SIGNED BY EACH SCHOOL AND KEPT BY PENNGIFT FOUNDATION INC.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DID NOT HAVE ANY INSTANCES WHERE BACKUP WITHHOLDING WAS REQUIRED; HOWEVER, IF THE SITUATION WOULD ARISE, THE ORGANIZATION IS AWARE OF THE REPORTING REQUIREMENTS AND WOULD HANDLE THAT ACCORDINGLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES NOT HAVE COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COPY OF THE RETURN IS PRESENTED TO THE BOARD OF DIRECTORS FOR REVIEW, HOWEVER THE RETURN CAN BE FILED WITH THE APPROVAL OF ONLY THE MANAGING DIRECTOR IF IT IS NOT POSSIBLE FOR THE ENTIRE BOARD TO REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 1023 AND FORM 990 ARE AVAILABLE FOR INSPECTION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FINANCIAL INFORMATION OUTSIDE OF THE FORMS 1023 AND 990 ARE NOT AVAILABLE TO THE PUBLIC FOR INSPECTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NO CHANGES TO THE ORGANIZATIONS OVERSIGHT PROCESS OR SELECTION PROCESS WERE MADE DURING THE TAX YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART V, LINE 1C:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0PA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt01005423
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt01032893
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01230822
IRS990/TotalAssetsEOYAmt01296268
IRS990/TotalAssetsGrp/BOYAmt01230822
IRS990/TotalAssetsGrp/EOYAmt01296268
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01065091
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0612
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt065336
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0935188
IRS990/TotalFunctionalExpensesGrp/TotalAmt01001136
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01230822
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01296268
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0935188
IRS990/TotalReportableCompFromOrgAmt036000
IRS990/TotalRevenueGrp/ExclusionAmt01491
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01066582
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01230822
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01296268
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0225399
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0263375
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10PO BOX 121 83 W MAIN STREET NO 2
IRS990/USAddress/City0ELVERSON
IRS990/USAddress/State0PA
IRS990/USAddress/ZIPCode019520
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN CASSIDY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06102861936
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-06-03
ReturnHeader/Filer/BusinessName/BusinessNameLine10PENNGIFT FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0PENN
ReturnHeader/Filer/EIN0233088386
ReturnHeader/Filer/PhoneNum06102861936
ReturnHeader/Filer/USAddress/AddressLine10PO BOX 121 83 W MAIN STREET NO 2
ReturnHeader/Filer/USAddress/City0ELVERSON
ReturnHeader/Filer/USAddress/State0PA
ReturnHeader/Filer/USAddress/ZIPCode019520
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0232108173
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10REINSEL KUNTZ LESHER LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine101330 BROADCASTING ROAD PO BOX 7008
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0WYOMISSING
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode0196106008
ReturnHeader/PreparerPersonGrp/PhoneNum06103761595
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0THOMAS E KAUFFMAN
ReturnHeader/ReturnTs02014-07-15T14:28:37-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31
ReturnHeader/TaxYr02013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,296,268
Liabilities
$0
Net assets
$1,296,268
Revenue
$1,066,582
Expenses
$1,001,136
Net income
$65,446
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.35$0.00$4.35$3.78$3.04$0.74
2023Detailed filing. Detailed filing data is available for this year.$3.61$0.00$3.61$3.17$1.93$1.24
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.36$0.00$2.36$1.99$1.26$0.73
2021Detailed filing. Detailed filing data is available for this year.$1.63$0.00$1.63$0.94$0.65$0.29
2020Detailed filing. Detailed filing data is available for this year.$1.35$0.00$1.35$0.86$0.87$0.00
2019Detailed filing. Detailed filing data is available for this year.$1.35$0.00$1.35$0.89$0.97$0.08
2018Detailed filing. Detailed filing data is available for this year.$1.43$0.00$1.43$0.98$0.94$0.05
2017Detailed filing. Detailed filing data is available for this year.$1.39$0.00$1.39$0.81$0.79$0.03
2016Detailed filing. Detailed filing data is available for this year.$1.36$0.00$1.36$1.22$1.14$0.08
2015Detailed filing. Detailed filing data is available for this year.$1.28$0.00$1.28$0.60$0.65$0.05
2014Detailed filing. Detailed filing data is available for this year.$1.33$0.00$1.33$1.05$1.01$0.04
2013Detailed filing. Detailed filing data is available for this year.$1.30$0.00$1.30$1.07$1.00$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.23$0.00$1.23$1.07
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.10$0.00$1.10$0.87
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.01$0.00$1.01$0.73