Civic Intelligence

Lycoming Foundation

990 • Fiscal year 2021 • EIN 23-6391089

Jan 01, 2021 to Dec 31, 2021 • Filed on Oct 27, 2022

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

15th percentile

0.03x

Higher debt load relative to assets than 15% of similar nonprofits.

2021 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

63rd percentile

0.51x

Higher debt load relative to revenue than 63% of similar nonprofits.

2021 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2021

Net Margin

99th percentile

88%

Higher net margin than 99% of similar nonprofits.

2021 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

9th percentile

$0

Higher top officer pay than 9% of similar nonprofits.

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

2021 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2021

Asset Growth

38th percentile

8.9%

Faster asset growth than 38% of similar nonprofits.

2021 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

92nd percentile

105%

Faster revenue growth than 92% of similar nonprofits.

2021 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets15th percentile

Assets

Up

$13,265,035

Up $1,079,717 (+8.9%) from 2020

Net Assets

Up

$12,893,868

Up $1,253,717 (+11%) from 2020

Liabilities

Down

$371,167

Down $174,000 (-32%) from 2020

Revenue And Expenses
Liabilities / Revenue63rd percentileNet Margin99th percentile

Revenue

Up

$726,868

Up $372,383 (+105%) from 2020

Expenses

Down

$90,154

Down $766,164 (-89%) from 2020

Net Income

Up

$636,714

Up $1,138,547 (+227%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth38th 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

2021

Assets$13,265,035
Liabilities$371,167
Net Assets$12,893,868
Open 2021 Filing

Operations Trend

Revenue Growth92nd 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

2021

Revenue$726,868
Expenses$90,154
Net Income$636,714
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Oct 27, 2022
Return Version
2021v4.0
Gross Receipts
$2,612,288
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$9,556,286$10,573,617▲ $1,017,331
Savings and Temporary Cash Investments$1,182,950$1,476,556▲ $293,606
Investments Program Related$1,444,968$1,213,750▼ $231,218
Prepaid Expenses and Deferred Charges$1,114$1,112▼ $2
Total Assets$12,185,318$13,265,035▲ $1,079,717
Liabilities
Grants Payable$544,272$370,272▼ $174,000
Accounts Payable and Accrued Expenses$895$895→ $0
Total Liabilities$545,167$371,167▼ $174,000
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$11,640,151$12,893,868▲ $1,253,717
Total Net Assets Fund Balance$11,640,151$12,893,868▲ $1,253,717
Total Liabilities and Net Assets / Fund Balance$12,185,318$13,265,035▲ $1,079,717

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$-58,912--
Compensation and Service Providers
Top Officer Pay9th percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$50,537
Investment Income
$676,331
Other Revenue
$0
Change in Net Assets
$636,714

Audited Revenue Reconciliation

Revenue per Audited Statements
$653,984
Revenue Not Reported on Financial Statements
$72,884
Revenue Not Reported on Form 990
$617,003
Total Revenue per Audited Statements
$1,270,987
Total Revenue per Form 990
$726,868
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$90,154
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Service Investment Mgmnt Fees-$72,884-$72,884
Fees for Services Other$3,673$12,258-$15,931
Insurance-$1,339-$1,339
Total Functional Expenses$3,673$86,481$0$90,154

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$90,154
Expenses Not Reported on Financial Statements$72,884
Expenses per Audited Statements$17,270
Total Expenses per Audited Statements$17,270
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
2022-10-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas B Burkholder
Formed
1955
Legal Domicile
Pa
Voting Board Members
13
Independent Board Members
13
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.”

Form 990, Part IX, Line 11G

“Professional fees 0 11,584 0 foreign tax paid 3,673 0 0 misc 0 674 0 total 3,673 12,258 0”

Financial Statement Notes

Schedule D, Page 3, Part X

“The organization made no changes 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.”

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION MADE NO CHANGES 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/TotalBookValueProgramRltdAmt01213750
IRS990ScheduleD/TotalExpensesPerForm990Amt090154
IRS990ScheduleD/TotalRevenuePerForm990Amt0726868
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01270987
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt017270
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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/ExplanationTxt5PROFESSIONAL FEES 0 11,584 0 FOREIGN TAX PAID 3,673 0 0 MISC 0 674 0 TOTAL 3,673 12,258 0
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt012185318
IRS990/TotalAssetsEOYAmt013265035
IRS990/TotalAssetsGrp/BOYAmt012185318
IRS990/TotalAssetsGrp/EOYAmt013265035
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt086481
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03673
IRS990/TotalFunctionalExpensesGrp/TotalAmt090154
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0545167
IRS990/TotalLiabilitiesEOYAmt0371167
IRS990/TotalLiabilitiesGrp/BOYAmt0545167
IRS990/TotalLiabilitiesGrp/EOYAmt0371167
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt011640151
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt012893868
IRS990/TotalProgramServiceExpensesAmt03673
IRS990/TotalProgramServiceRevenueAmt050537
IRS990/TotalRevenueGrp/ExclusionAmt050537
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0676331
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0726868
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt012185318
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt013265035
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02450 EAST THIRD STREET
IRS990/USAddress/CityNm0WILLIAMSPORT
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd017701
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt013
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/SignatureDt02022-10-27
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/PreparationDt02022-10-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TERRY L JOHNSON
ReturnHeader/ReturnTs02022-10-28T09:28:03-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0THOMAS
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BURKHOLDER
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$13,265,035
Liabilities
$371,167
Net assets
$12,893,868
Revenue
$726,868
Expenses
$90,154
Net income
$636,714
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