Civic Intelligence

Lycoming Foundation

990 • Fiscal year 2020 • EIN 23-6391089

Jan 01, 2020 to Dec 31, 2020 • Filed on Jul 29, 2021

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

16th percentile

0.04x

Higher debt load relative to assets than 16% of similar nonprofits.

2020 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

91st percentile

1.54x

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

2020 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2020

Net Margin

3rd percentile

-142%

Higher net margin than 3% of similar nonprofits.

2020 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2020

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.

2020 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2020

Asset Growth

57th percentile

7.5%

Faster asset growth than 57% of similar nonprofits.

2020 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

37th percentile

-14%

Faster revenue growth than 37% of similar nonprofits.

2020 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets16th percentile

Assets

Up

$12,185,318

Up $853,503 (+7.5%) from 2019

Net Assets

Up

$11,640,151

Up $324,211 (+2.9%) from 2019

Liabilities

Up

$545,167

Up $529,292 (+3334%) from 2019

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin3rd percentile

Revenue

Down

$354,485

Down $57,452 (-14%) from 2019

Expenses

Up

$856,318

Up $628,167 (+275%) from 2019

Net Income

Down

-$501,833

Down $685,619 (-373%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth57th 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

2020

Assets$12,185,318
Liabilities$545,167
Net Assets$11,640,151
Open 2020 Filing

Operations Trend

Revenue Growth37th 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

2020

Revenue$354,485
Expenses$856,318
Net Income-$501,833
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jul 29, 2021
Return Version
2020v4.0
Gross Receipts
$2,702,597
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$8,502,584$9,556,286▲ $1,053,702
Investments Program Related$1,935,986$1,444,968▼ $491,018
Savings and Temporary Cash Investments$892,131$1,182,950▲ $290,819
Prepaid Expenses and Deferred Charges$1,114$1,114→ $0
Total Assets$11,331,815$12,185,318▲ $853,503
Liabilities
Grants Payable$15,000$544,272▲ $529,272
Accounts Payable and Accrued Expenses$875$895▲ $20
Total Liabilities$15,875$545,167▲ $529,292
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$11,315,940$11,640,151▲ $324,211
Total Net Assets Fund Balance$11,315,940$11,640,151▲ $324,211
Total Liabilities and Net Assets / Fund Balance$11,331,815$12,185,318▲ $853,503

Asset Categories

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

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$64,362
Investment Income
$290,123
Other Revenue
$0
Change in Net Assets
$-501,833

Audited Revenue Reconciliation

Revenue per Audited Statements
$290,925
Revenue Not Reported on Financial Statements
$63,560
Revenue Not Reported on Form 990
$826,044
Total Revenue per Audited Statements
$1,116,969
Total Revenue per Form 990
$354,485
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$764,272
Other Expenses$92,046
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$764,272--$764,272
Fees for Service Investment Mgmnt Fees-$63,560-$63,560
Fees for Services Other$2,877$13,922-$16,799
Advertising-$10,350-$10,350
Insurance-$1,337-$1,337
Total Functional Expenses$767,149$89,169$0$856,318

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$856,318
Expenses per Audited Statements$792,758
Total Expenses per Audited Statements$792,758
Expenses Not Reported on Financial Statements$63,560
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
City of Williamsport GatewayWilliamsport, PAGovGate Renovation Proj$764,272
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
Yes
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
President
Phone
5703275263
Signed
2021-07-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas B Burkholder
Formed
1955
Legal Domicile
Pa
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
14

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.”

Financial Statement Notes

Schedule D, Page 3, Part X

“The organization made no chenges in the purpose, character, or method of operations, and believes it has appropriate support for the positions taken in its income tax information returns. The organization had no interest or penalties related to income taxes.”

Raw XML Appendix376 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/AccountantCompileOrReviewInd0true
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0875
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0895
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0THE ORGANIZATION MAKES LOANS THROUGH A REVOLVING LOAN FUND, TO PROMOTE LYCOMING COUNTY.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt010350
IRS990/AdvertisingGrp/TotalAmt010350
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/PersonNm0THOMAS B BURKHOLDER
IRS990/BooksInCareOfDetail/PhoneNum05703202468
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02450 EAST THIRD STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0WILLIAMSPORT
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0PA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd017701
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt0764272
IRS990/CYInvestmentIncomeAmt0290123
IRS990/CYOtherExpensesAmt092046
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt064362
IRS990/CYRevenuesLessExpensesAmt0-501833
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0856318
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0354485
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0THE FOUNDATION IS OPERATED BY A BOARD OF TRUSTEES AND ITS PURPOSE IS TO PROMOTE THE ECONOMIC, COMMERCIAL, ANDINDUSTRIAL WELFARE OF LYCOMING COUNTY. THE FOUNDATION HAS CREATED A REVOLVING LOAN FUND TO CONSTRUCT AND REPAIR BUILDINGS, PURCHASE,SELL AND LEASE REAL ESTATE, AND TO LEND FUNDS FOR THE ECONOMIC DEVELOPMENT OF THE COUNTY.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/ExpenseAmt0767149
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt013922
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt02877
IRS990/FeesForServicesOtherGrp/TotalAmt016799
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt063560
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt063560
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt121.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt131.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/PersonNm0DENNIS P BECK
IRS990/Form990PartVIISectionAGrp/PersonNm1CARL CHAMBERS
IRS990/Form990PartVIISectionAGrp/PersonNm2ROBERT CROCKETT
IRS990/Form990PartVIISectionAGrp/PersonNm3JAMES E DOUTHAT
IRS990/Form990PartVIISectionAGrp/PersonNm4CHARLES EDMONDS
IRS990/Form990PartVIISectionAGrp/PersonNm5JONATHAN DEWALD ESQ
IRS990/Form990PartVIISectionAGrp/PersonNm6ROMEY FAGNANO
IRS990/Form990PartVIISectionAGrp/PersonNm7WILLIAM A HODRICK
IRS990/Form990PartVIISectionAGrp/PersonNm8RAYMOND MARSHALEK
IRS990/Form990PartVIISectionAGrp/PersonNm9ROBERT PURSELL
IRS990/Form990PartVIISectionAGrp/PersonNm10CAROL SAVOY
IRS990/Form990PartVIISectionAGrp/PersonNm11PETER S BOWER
IRS990/Form990PartVIISectionAGrp/PersonNm12THOMAS B BURKHOLDER
IRS990/Form990PartVIISectionAGrp/PersonNm13RUTH CROYLE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt1TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt12PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt13SECRETARY
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01955
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt021745
IRS990/GainOrLossGrp/SecuritiesAmt096954
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GrantAmt0764272
IRS990/GrantsPayableGrp/BOYAmt015000
IRS990/GrantsPayableGrp/EOYAmt0544272
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0764272
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0764272
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt021745
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt02445066
IRS990/GrossReceiptsAmt02702597
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt014
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt01337
IRS990/InsuranceGrp/TotalAmt01337
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0171424
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0171424
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsProgramRelatedGrp/BOYAmt01935986
IRS990/InvestmentsProgramRelatedGrp/EOYAmt01444968
IRS990/InvestmentsPubTradedSecGrp/BOYAmt08502584
IRS990/InvestmentsPubTradedSecGrp/EOYAmt09556286
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0PA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt02348112
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE ORGANIZATION MAKES LOANS THROUGH A REVOLVING LOAN FUND, TO PROMOTE LYCOMING COUNTY.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt011315940
IRS990/NetAssetsOrFundBalancesEOYAmt011640151
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0118699
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0118699
IRS990/NetUnrlzdGainsLossesInvstAmt0826044
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt011315940
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt011640151
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01114
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01114
IRS990/PrincipalOfficerNm0THOMAS B BURKHOLDER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST - PROGRAMATIC LOANS
IRS990/ProgramServiceRevenueGrp/ExclusionAmt064362
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt064362
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0150000
IRS990/PYInvestmentIncomeAmt0322769
IRS990/PYOtherExpensesAmt078151
IRS990/PYProgramServiceRevenueAmt089168
IRS990/PYRevenuesLessExpensesAmt0183786
IRS990/PYTotalExpensesAmt0228151
IRS990/PYTotalRevenueAmt0411937
IRS990/ReconcilationRevenueExpnssAmt0-501833
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0true
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0892131
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01182950
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt063560
IRS990ScheduleD/ExpensesSubtotalAmt0792758
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt063560
IRS990ScheduleD/InvestmentExpensesNotIncldAmt063560
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt01503880
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1-58912
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0PROGRAM MORTGAGES
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1LOAN LOSS RESERVE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0826044
IRS990ScheduleD/RevenueNotReportedAmt0826044
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt063560
IRS990ScheduleD/RevenueSubtotalAmt0290925
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION MADE NO CHENGES IN THE PURPOSE, CHARACTER, OR METHOD OF OPERATIONS, AND BELIEVES IT HAS APPROPRIATE SUPPORT FOR THE POSITIONS TAKEN IN ITS INCOME TAX INFORMATION RETURNS. THE ORGANIZATION HAD NO INTEREST OR PENALTIES RELATED TO INCOME TAXES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueProgramRltdAmt01444968
IRS990ScheduleD/TotalExpensesPerForm990Amt0856318
IRS990ScheduleD/TotalRevenuePerForm990Amt0354485
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01116969
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0792758
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt0764272
IRS990ScheduleI/RecipientTable/IRCSectionDesc0GOV
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GATE RENOVATION PROJ
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CITY OF WILLIAMSPORT GATEWAY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine2Txt0WILLIAMSPORT
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0245 WEST FOURTH STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine2Txt0245 WEST FOURTH STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0WILLIAMSPORT
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0PA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd017701
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THROUGH REVIEW OF DISBURSEMENTS
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LYCOMING ECONOMIC DEVELOPMENT FOUNDATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL OFFICERS AND TRUSTEES DONATE TIME, PROFESSIONAL SKILLS TO THE ORGANIZATION. OTHER VOLUNTEERS ASSIST FROM TIME TO TIME.
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 1, PART I, LINE 6
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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0PA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt011331815
IRS990/TotalAssetsEOYAmt012185318
IRS990/TotalAssetsGrp/BOYAmt011331815
IRS990/TotalAssetsGrp/EOYAmt012185318
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt089169
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0767149
IRS990/TotalFunctionalExpensesGrp/TotalAmt0856318
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt015875
IRS990/TotalLiabilitiesEOYAmt0545167
IRS990/TotalLiabilitiesGrp/BOYAmt015875
IRS990/TotalLiabilitiesGrp/EOYAmt0545167
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt011315940
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt011640151
IRS990/TotalProgramServiceExpensesAmt0767149
IRS990/TotalProgramServiceRevenueAmt064362
IRS990/TotalRevenueGrp/ExclusionAmt064362
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0290123
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0354485
IRS990/TotalVolunteersCnt014
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt011331815
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt012185318
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02450 EAST THIRD STREET
IRS990/USAddress/CityNm0WILLIAMSPORT
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd017701
IRS990/VotingMembersGoverningBodyCnt014
IRS990/VotingMembersIndependentCnt014
IRS990/WebsiteAddressTxt0LYCOMINGEDF.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0THOMAS B BURKHOLDER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05703275263
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-07-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LYCOMING FOUNDATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0C/O WOODLANDS BANK TRUST SERVICES
ReturnHeader/Filer/BusinessNameControlTxt0LYCO
ReturnHeader/Filer/EIN0236391089
ReturnHeader/Filer/PhoneNum05703202468
ReturnHeader/Filer/USAddress/AddressLine1Txt02450 EAST THIRD STREET
ReturnHeader/Filer/USAddress/CityNm0WILLIAMSPORT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd017701
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/PreparationDt02021-07-29
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TERRY L JOHNSON
ReturnHeader/ReturnTs02021-07-29T12:15:40-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0THOMAS
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BURKHOLDER
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$12,185,318
Liabilities
$545,167
Net assets
$11,640,151
Revenue
$354,485
Expenses
$856,318
Net income
-$501,833
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