Civic Intelligence

Lycoming Foundation

990 • Fiscal year 2019 • EIN 23-6391089

Jan 01, 2019 to Dec 31, 2019 • Filed on Aug 14, 2020

Organization ProfileLYCOMINGEDF.COM
2450 East Third StreetWilliamsport, PA 17701

(570) 320-2468

Siviq Scores

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

Liabilities / Assets

6th percentile

0.00x

Higher debt load relative to assets than 6% of similar nonprofits.

2019 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

10th percentile

0.04x

Higher debt load relative to revenue than 10% of similar nonprofits.

2019 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2019

Net Margin

95th percentile

45%

Higher net margin than 95% of similar nonprofits.

2019 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

8th percentile

$0

Higher top officer pay than 8% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2019

Asset Growth

72nd percentile

14%

Faster asset growth than 72% of similar nonprofits.

2019 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

85th percentile

18%

Faster revenue growth than 85% of similar nonprofits.

2019 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets6th percentile

Assets

Up

$11,331,815

Up $1,359,293 (+14%) from 2018

Net Assets

Up

$11,315,940

Up $1,374,293 (+14%) from 2018

Liabilities

Down

$15,875

Down $15,000 (-49%) from 2018

Revenue And Expenses
Liabilities / Revenue10th percentileNet Margin95th percentile

Revenue

Up

$411,937

Up $61,677 (+18%) from 2018

Expenses

Up

$228,151

Up $686 (+0.3%) from 2018

Net Income

Up

$183,786

Up $60,991 (+50%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth72nd percentile

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

$15M$10M$5.0M$0Assets 2013: $9,533,410Liabilities 2013: $850Net Assets 2013: $9,532,5602013Assets 2014: $9,679,315Liabilities 2014: $5,350Net Assets 2014: $9,673,9652014Assets 2016: $9,815,395Liabilities 2016: $60,875Net Assets 2016: $9,754,5202016Assets 2017: $10,567,705Liabilities 2017: $45,875Net Assets 2017: $10,521,8302017Assets 2018: $9,972,522Liabilities 2018: $30,875Net Assets 2018: $9,941,6472018Assets 2019: $11,331,815Liabilities 2019: $15,875Net Assets 2019: $11,315,9402019Assets 2020: $12,185,318Liabilities 2020: $545,167Net Assets 2020: $11,640,1512020Assets 2021: $13,265,035Liabilities 2021: $371,167Net Assets 2021: $12,893,8682021Assets 2022: $11,495,664Liabilities 2022: $191,167Net Assets 2022: $11,304,4972022Assets 2023: $12,654,473Liabilities 2023: $895Net Assets 2023: $12,653,5782023Assets 2024: $13,840,612Liabilities 2024: $895Net Assets 2024: $13,839,7172024

Highlighted filing

2019

Assets$11,331,815
Liabilities$15,875
Net Assets$11,315,940
Open 2019 Filing

Operations Trend

Revenue Growth85th percentile

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

$1.0M$500K$0-$500K-$1.0MRevenue 2013: $479,838Expenses 2013: $63,834Net Income 2013: $416,0042013Revenue 2014: $540,166Expenses 2014: $273,008Net Income 2014: $267,1582014Revenue 2016: $355,859Expenses 2016: $395,232Net Income 2016: -$39,3732016Revenue 2017: $523,398Expenses 2017: $422,952Net Income 2017: $100,4462017Revenue 2018: $350,260Expenses 2018: $227,465Net Income 2018: $122,7952018Revenue 2019: $411,937Expenses 2019: $228,151Net Income 2019: $183,7862019Revenue 2020: $354,485Expenses 2020: $856,318Net Income 2020: -$501,8332020Revenue 2021: $726,868Expenses 2021: $90,154Net Income 2021: $636,7142021Revenue 2022: $475,603Expenses 2022: $82,189Net Income 2022: $393,4142022Revenue 2023: $456,259Expenses 2023: $91,388Net Income 2023: $364,8712023Revenue 2024: $703,067Expenses 2024: $120,872Net Income 2024: $582,1952024

Highlighted filing

2019

Revenue$411,937
Expenses$228,151
Net Income$183,786
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Aug 14, 2020
Return Version
2019v5.0
Gross Receipts
$411,937
Mission and Program Overview

Mission

The organization makes loans through a revolving loan fund, to promote lycoming county.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$7,217,469$8,502,584▲ $1,285,115
Investments Program Related$1,881,881$1,935,986▲ $54,105
Savings and Temporary Cash Investments$872,058$892,131▲ $20,073
Prepaid Expenses and Deferred Charges$1,114$1,114→ $0
Total Assets$9,972,522$11,331,815▲ $1,359,293
Liabilities
Grants Payable$30,000$15,000▼ $15,000
Accounts Payable and Accrued Expenses$875$875→ $0
Total Liabilities$30,875$15,875▼ $15,000
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$9,941,647$11,315,940▲ $1,374,293
Total Net Assets Fund Balance$9,941,647$11,315,940▲ $1,374,293
Total Liabilities and Net Assets / Fund Balance$9,972,522$11,331,815▲ $1,359,293

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$-58,912--
Compensation and Service Providers
Top Officer Pay8th percentile

Board Members and Trustees

NameTitle
Joseph RiderPresident
Carl ChambersTrustee
Carol SavoyTrustee
Dennis P BeckTrustee
James E DouthatTrustee
Jonathan Dewald EsqTrustee
Raymond MarshalekTrustee
Robert CrockettTrustee
Robert PursellTrustee
Robert WalkerTrustee
Romey FagnanoTrustee
William a HodrickTrustee
Ruth CroyleSecretary
Peter S BowerTreasurer
Thomas B BurkholderVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$89,168
Investment Income
$322,769
Other Revenue
$0
Change in Net Assets
$183,786

Audited Revenue Reconciliation

Revenue per Audited Statements
$351,455
Revenue Not Reported on Financial Statements
$60,482
Revenue Not Reported on Form 990
$1,190,507
Total Revenue per Audited Statements
$1,541,962
Total Revenue per Form 990
$411,937
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$150,000
Other Expenses$78,151
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$150,000--$150,000
Fees for Service Investment Mgmnt Fees-$60,482-$60,482
Fees for Services Other-$16,332-$16,332
Insurance-$1,337-$1,337
Total Functional Expenses$150,000$78,151$0$228,151

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$228,151
Expenses per Audited Statements$167,669
Total Expenses per Audited Statements$167,669
Expenses Not Reported on Financial Statements$60,482
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
First Community Found Pntr of PaWilliamsport, PA501c3Promotinf Ec on Deve$150,000
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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 11B

“The form 990 is reviewed with the board president prior to filing. At his determination it is reviewed at the board of trustee's meeting before or after filing. At all times it is available for any trustee's inspection.”

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

“This entity has no employees”

Form 990, Page 6, Part VI, Line 19

“Avaiable upon written request if deemed acceptable by board of trustees”

Filing and Contact Details

Filer

Filer Name
Lycoming Foundation
EIN
23-6391089
Phone
5703202468
Address
2450 EAST THIRD STREET, WILLIAMSPORT, PA 17701

Signing Officer

Name
Thomas B Burkholder
Title
Vice President
Phone
5703275263
Signed
2020-08-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas B Burkholder
Formed
1955
Legal Domicile
Pa
Voting Board Members
15
Independent Board Members
15
Employees
0

Preparer

Firm
Gearhart Wienecke & Verrastro Pc
Address
800 W 4TH ST STE 101, WILLIAMSPORT, PA 17701-7200
Preparer
Terry L Johnson
Phone
5703221544
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Item C

“Lycoming economic development foundation”

Form 990, Page 1, Part I, Line 6

“All officers and trustees donate time, professional skills to the organization. Other volunteers assist from time to time.”

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IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0201 WEST FOURTH STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine2Txt0201 WEST FOURTH STREET
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IRS990ScheduleI/RecipientTable/USAddress/ZIPCd017701
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THROUGH REVIEW OF DISBURSEMENTS
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS REVIEWED WITH THE BOARD PRESIDENT PRIOR TO FILING. AT HIS DETERMINATION IT IS REVIEWED AT THE BOARD OF TRUSTEE'S MEETING BEFORE OR AFTER FILING. AT ALL TIMES IT IS AVAILABLE FOR ANY TRUSTEE'S INSPECTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THIS ENTITY HAS NO EMPLOYEES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AVAIABLE UPON WRITTEN REQUEST IF DEEMED ACCEPTABLE BY BOARD OF TRUSTEES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, ITEM C
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0150000
IRS990/TotalFunctionalExpensesGrp/TotalAmt0228151
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt030875
IRS990/TotalLiabilitiesEOYAmt015875
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IRS990/TotalLiabilitiesGrp/EOYAmt015875
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IRS990/TotalProgramServiceRevenueAmt089168
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0411937
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE PRESIDENT
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ReturnHeader/BusinessOfficerGrp/SignatureDt02020-08-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LYCOMING FOUNDATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0C/O WOODLANDS BANK TRUST SERVICES
ReturnHeader/Filer/BusinessNameControlTxt0LYCO
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ReturnHeader/Filer/PhoneNum05703202468
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ReturnHeader/FilingSecurityInformation/IPDt02020-08-18
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm010:40:36
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0474766528
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GEARHART WIENECKE & VERRASTRO PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0800 W 4TH ST STE 101
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WILLIAMSPORT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0177017200
ReturnHeader/PreparerPersonGrp/PhoneNum05703221544
ReturnHeader/PreparerPersonGrp/PreparationDt02020-08-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TERRY L JOHNSON
ReturnHeader/ReturnTs02020-08-18T10:40:36-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,331,815
Liabilities
$15,875
Net assets
$11,315,940
Revenue
$411,937
Expenses
$228,151
Net income
$183,786
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$13.8$0.00$13.8$0.70$0.12$0.58
2023Detailed filing. Detailed filing data is available for this year.$12.7$0.00$12.7$0.46$0.09$0.36
2022Detailed filing. Detailed filing data is available for this year.$11.5$0.19$11.3$0.48$0.08$0.39
2021Detailed filing. Detailed filing data is available for this year.$13.3$0.37$12.9$0.73$0.09$0.64
2020Detailed filing. Detailed filing data is available for this year.$12.2$0.55$11.6$0.35$0.86$0.50
2019Detailed filing. Detailed filing data is available for this year.$11.3$0.02$11.3$0.41$0.23$0.18
2018Detailed filing. Detailed filing data is available for this year.$9.97$0.03$9.94$0.35$0.23$0.12
2017Detailed filing. Detailed filing data is available for this year.$10.6$0.05$10.5$0.52$0.42$0.10
2016Detailed filing. Detailed filing data is available for this year.$9.82$0.06$9.75$0.36$0.40$0.04
2014Detailed filing. Detailed filing data is available for this year.$9.68$0.01$9.67$0.54$0.27$0.27
2013Detailed filing. Detailed filing data is available for this year.$9.53$0.00$9.53$0.48$0.06$0.42