Civic Intelligence

Lycoming Foundation

990 • Fiscal year 2023 • EIN 23-6391089

Jan 01, 2023 to Dec 31, 2023 • Filed on Jul 25, 2024

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

4th percentile

0.00x

Higher debt load relative to assets than 4% of similar nonprofits.

2023 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

5th percentile

0.00x

Higher debt load relative to revenue than 5% of similar nonprofits.

2023 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2023

Net Margin

98th percentile

80%

Higher net margin than 98% of similar nonprofits.

2023 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

7th percentile

$0

Higher top officer pay than 7% of similar nonprofits.

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

2023 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2023

Asset Growth

60th percentile

10%

Faster asset growth than 60% of similar nonprofits.

2023 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

21st percentile

-4.1%

Faster revenue growth than 21% of similar nonprofits.

2023 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets4th percentile

Assets

Up

$12,654,473

Up $1,158,809 (+10%) from 2022

Net Assets

Up

$12,653,578

Up $1,349,081 (+12%) from 2022

Liabilities

Down

$895

Down $190,272 (-100%) from 2022

Revenue And Expenses
Liabilities / Revenue5th percentileNet Margin98th percentile

Revenue

Down

$456,259

Down $19,344 (-4.1%) from 2022

Expenses

Up

$91,388

Up $9,199 (+11%) from 2022

Net Income

Down

$364,871

Down $28,543 (-7.3%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth60th 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

2023

Assets$12,654,473
Liabilities$895
Net Assets$12,653,578
Open 2023 Filing

Operations Trend

Revenue Growth21st 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

2023

Revenue$456,259
Expenses$91,388
Net Income$364,871
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jul 25, 2024
Return Version
2023v5.0
Gross Receipts
$3,879,881
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$7,658,950$7,333,624▼ $325,326
Investments Program Related$3,250,471$4,127,859▲ $877,388
Savings and Temporary Cash Investments$585,135$1,191,786▲ $606,651
Prepaid Expenses and Deferred Charges$1,108$1,204▲ $96
Total Assets$11,495,664$12,654,473▲ $1,158,809
Liabilities
Grants Payable$190,272--
Accounts Payable and Accrued Expenses$895$895→ $0
Total Liabilities$191,167$895▼ $190,272
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$11,304,497$12,653,578▲ $1,349,081
Total Net Assets Fund Balance$11,304,497$12,653,578▲ $1,349,081
Total Liabilities and Net Assets / Fund Balance$11,495,664$12,654,473▲ $1,158,809

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$-58,912--
Compensation and Service Providers
Top Officer Pay7th percentile

Board Members and Trustees

NameTitle
Thomas B BurkholderPresident
Allen W KiesslingTrustee
Carl ChambersTrustee
Jonathan Dewald EsqTrustee
Kevin HodrickTrustee
Peter S BowerTrustee
Romey FagnanoTrustee
Selina PulizziTrustee
Ruth CroyleSecretary
Charles EdmondsTreasurer
Kevin WeinhofferVice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$131,335
Investment Income
$324,786
Other Revenue
$138
Change in Net Assets
$364,871

Audited Revenue Reconciliation

Revenue per Audited Statements
$389,389
Revenue Not Reported on Financial Statements
$66,870
Revenue Not Reported on Form 990
$984,210
Total Revenue per Audited Statements
$1,373,599
Total Revenue per Form 990
$456,259
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$91,388
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$13,829$62,861-$76,690
Fees for Services Other-$11,994-$11,994
Other Expenses-$1,355-$1,355
Insurance-$1,349-$1,349
Total Functional Expenses$13,829$77,559$0$91,388

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$91,388
Expenses Not Reported on Financial Statements$66,870
Expenses per Audited Statements$24,518
Total Expenses per Audited Statements$24,518
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
5705253955
Signed
2024-07-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas B Burkholder
Formed
1955
Legal Domicile
Pa
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
15

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 7,985 0 foreign tax paid 0 4,009 0 total 0 11,994 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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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/TotalRevEtcAuditedFinclStmtAmt01373599
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt024518
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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 7,985 0 FOREIGN TAX PAID 0 4,009 0 TOTAL 0 11,994 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/TotalAssetsGrp/BOYAmt011495664
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt077559
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt013829
IRS990/TotalFunctionalExpensesGrp/TotalAmt091388
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0191167
IRS990/TotalLiabilitiesEOYAmt0895
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IRS990/TotalLiabilitiesGrp/EOYAmt0895
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IRS990/TotalProgramServiceExpensesAmt013829
IRS990/TotalProgramServiceRevenueAmt0131335
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0456259
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt012654473
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IRS990/USAddress/CityNm0WILLIAMSPORT
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd017701
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IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0LYCOMINGEDF.COM
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0THOMAS B BURKHOLDER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05705253955
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-07-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LYCOMING FOUNDATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0C/O WOODLANDS BANK TRUST SERVICES
ReturnHeader/Filer/BusinessNameControlTxt0LYCO
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ReturnHeader/Filer/PhoneNum05703202468
ReturnHeader/Filer/USAddress/AddressLine1Txt02450 EAST THIRD STREET
ReturnHeader/Filer/USAddress/CityNm0WILLIAMSPORT
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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/PreparationDt02024-07-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TERRY L JOHNSON
ReturnHeader/ReturnTs02024-07-25T15:47:18-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0THOMAS
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BURKHOLDER
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$12,654,473
Liabilities
$895
Net assets
$12,653,578
Revenue
$456,259
Expenses
$91,388
Net income
$364,871
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