Civic Intelligence

Lancaster Dollars for Higher Learning

990 • Fiscal year 2020 • EIN 23-6414300

Oct 01, 2019 to Sep 30, 2020 • Filed on Feb 08, 2021

313 W Liberty St Ste 343Lancaster, PA 17603

(717) 397-7920

Siviq Scores

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

Liabilities / Assets

9th percentile

0.00x

Higher debt load relative to assets than 9% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

12th percentile

0.01x

Higher debt load relative to revenue than 12% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

85th percentile

34%

Higher net margin than 85% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

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

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

36th percentile

1.7%

Faster asset growth than 36% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

54th percentile

3.7%

Faster revenue growth than 54% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Assets

Up

$5,824,401

Up $94,980 (+1.7%) from 2019

Net Assets

Up

$5,821,540

Up $99,441 (+1.7%) from 2019

Liabilities

Down

$2,861

Down $4,461 (-61%) from 2019

Revenue

Up

$269,351

Up $9,677 (+3.7%) from 2019

Expenses

Down

$176,718

Down $124,419 (-41%) from 2019

Net Income

Up

$92,633

Up $134,096 (+323%) from 2019

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $5,509,248Liabilities 2010: $857Net Assets 2010: $5,508,3912010Assets 2011: $5,685,916Liabilities 2011: $470Net Assets 2011: $5,685,4462011Assets 2012: $5,838,879Liabilities 2012: $0Net Assets 2012: $5,838,8792012Assets 2015: $5,196,658Liabilities 2015: $7,453Net Assets 2015: $5,189,2052015Assets 2016: $5,192,040Liabilities 2016: $5,501Net Assets 2016: $5,186,5392016Assets 2017: $5,149,560Liabilities 2017: $4,310Net Assets 2017: $5,145,2502017Assets 2019: $5,729,421Liabilities 2019: $7,322Net Assets 2019: $5,722,0992019Assets 2020: $5,824,401Liabilities 2020: $2,861Net Assets 2020: $5,821,5402020Assets 2021: $6,218,329Liabilities 2021: $897Net Assets 2021: $6,217,4322021Assets 2022: $5,692,827Liabilities 2022: $2,028Net Assets 2022: $5,690,7992022

Highlighted filing

2020

Assets$5,824,401
Liabilities$2,861
Net Assets$5,821,540

Operations Trend

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

$400K$200K$0-$200KExpenses 2010: $51,5812010Expenses 2011: $59,7832011Expenses 2012: $122,5062012Revenue 2015: $278,825Expenses 2015: $264,812Net Income 2015: $14,0132015Revenue 2016: $318,238Expenses 2016: $324,859Net Income 2016: -$6,6212016Revenue 2017: $282,406Expenses 2017: $321,446Net Income 2017: -$39,0402017Revenue 2019: $259,674Expenses 2019: $301,137Net Income 2019: -$41,4632019Revenue 2020: $269,351Expenses 2020: $176,718Net Income 2020: $92,6332020Revenue 2021: $328,816Expenses 2021: $225,677Net Income 2021: $103,1392021Revenue 2022: $398,162Expenses 2022: $281,840Net Income 2022: $116,3222022

Highlighted filing

2020

Revenue$269,351
Expenses$176,718
Net Income$92,633
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
Feb 8, 2021
Return Version
2019v5.0
Gross Receipts
$693,821
Mission and Program Overview

Mission

The mission of the organization is to help full-time college students achieve their goals by providing interest-free tuition loans.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$3,632,219$3,323,797▼ $308,422
Investments in Publicly Traded Securities$1,644,113$2,184,616▲ $540,503
Cash and Non-Interest-Bearing Accounts$227,216$271,491▲ $44,275
Savings and Temporary Cash Investments$214,219$29,802▼ $184,417
Prepaid Expenses and Deferred Charges$9,112$13,153▲ $4,041
Intangible Assets$2,167$1,167▼ $1,000
Total Assets$5,729,421$5,824,401▲ $94,980
Other Assets Total$375$375→ $0
Liabilities
Accounts Payable and Accrued Expenses$7,322$2,861▼ $4,461
Total Liabilities$7,322$2,861▼ $4,461
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,965,877$5,067,016▲ $101,139
Net Assets With Donor Restrictions$756,222$754,524▼ $1,698
Total Net Assets Fund Balance$5,722,099$5,821,540▲ $99,441
Total Liabilities and Net Assets / Fund Balance$5,729,421$5,824,401▲ $94,980

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$3,323,797--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jean BednarskiPresident
Aaron MarinesBoard Member
Bunnie BuckwalterBoard Member
Donna FulmerBoard Member
James LeeBoard Member
Jonas KennedyBoard Member
Mark NewkirkBoard Member
Sue BarryBoard Member
Cathy KettermanSecretary
Jay ShannonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$65,239
Program Service Revenue
$155,189
Investment Income
$46,344
Other Revenue
$2,579
All Other Contributions
$53,904
Change in Net Assets
$92,633
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$117,324
Salaries, Compensation, and Employee Benefits$59,394
Total Fundraising Expense$10,951
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$10,803$35,067$9,370$55,240
Office Expenses$10,445$12,717-$23,162
Information Technology$15,435--$15,435
Fees for Services Accounting-$8,500-$8,500
Occupancy$1,031$3,246$876$5,153
Fees for Service Investment Mgmnt Fees-$4,586-$4,586
Payroll Taxes$812$2,637$705$4,154
Insurance$2,261--$2,261
Depreciation Depletion-$1,000-$1,000
Other Expenses$477--$477
Advertising$25--$25
Total Functional Expenses$98,014$67,753$10,951$176,718
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
Yes
Audit committee
No
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
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, Page 6, Part VI, Line 11B

The treasurer of the organization reviews the form 990 before processing.

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

During the fiscal year, the organization had no top management officials, officers, or key employees.

Form 990, Page 6, Part VI, Line 19

All governing documents, policies, and financial statements are available upon request. The 990 return can also be viewed on guidestar's website.

Filing and Contact Details

Filer

Filer Name
Lancaster Dollars for Higher
EIN
23-6414300
Phone
7173977920
Address
313 W LIBERTY ST STE 343, LANCASTER, PA 17603

Signing Officer

Name
Jean Bednarski
Title
President
Phone
7173977920
Signed
2021-02-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jean Bednarski
Formed
1961
Legal Domicile
Pa
Voting Board Members
10
Independent Board Members
10
Employees
2
Volunteers
18

Preparer

Firm
Simon Lever LLC
Address
147 W AIRPORT RD, LITITZ, PA 17543
Preparer
Rebecca Walck
Phone
7175697081
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IRS990ScheduleA/FactsAndCircumstancesTestTxt0THE ORGANIZATION RECEIVED ONE LARGE CONTRIBUTION TOTALING 757,274 FROM AN UNRELATED CHARITABLE TRUST IN FISCAL YEAR 2018. LARGE CONTRIBUTIONS WERE ALSO RECEIVED FROM THIS TRUST IN FISCAL YEAR 2017 (66,028) AND FISCAL YEAR 2016 (67,098). ALTHOUGH TOTAL DONATIONS IN THE CURRENT YEAR WERE 65,239, THEY REPRESENTED APPROXIMATELY 207 DIFFERENT DONORS. THE ORGANIZATION RECEIVES MORE THAN 10% OF ITS SUPPORT FROM THE UNRELATED PUBLIC, BUT DUE TO THE LARGE DOLLAR AMOUNT OF THE CHARITABLE TRUSTS'S GIFTS,AND THE FACT THAT THE ORGANIZATION IS IN THE PROCESS OF BUILDING UP ITS DONOR BASE IN TERMS OF DOLLAR VOLUME AND AMOUNT OF CONTRIBUTORS, THE 33 1/3% PUBLIC CHARITY TEST WAS NOT MET. ALL MONIES RECEIVED ARE USED FOR INTEREST FREE LOANS FOR COLLEGE TUITON. THE PROGRAM IS ADVERTISED TO THE PUBLIC IN THE LANCASTER COUNTY AREA AND APPLICATIONS ARE SUBMITTED TO THE GOVERNING BODY WHICH REPRESENTS THE BROAD INTEREST OF THE PUBLIC. THE CURRENT PROGRAM LOANS BALANCE REPRESENTS APPROXIMIATELY 1,300 DIFFERENT INDIVIDUALS WHO HAVE BENEFITED FROM THE INTEREST FREE LOANS. THE ORGANIZATION IS OPERATED TO ATTRACT NEW PUBLIC AND GOVERNMENTAL SUPPORT.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME 3,556
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE ORGANIZATION RECEIVED ONE LARGE CONTRIBUTION TOTALING 757,274 FROM AN UNRELATED CHARITABLE TRUST IN FISCAL YEAR 2018. LARGE CONTRIBUTIONS WERE ALSO RECEIVED FROM THIS TRUST IN FISCAL YEAR 2017 (66,028) AND FISCAL YEAR 2016 (67,098). ALTHOUGH TOTAL DONATIONS IN THE CURRENT YEAR WERE 65,239, THEY REPRESENTED APPROXIMATELY 207 DIFFERENT DONORS. THE ORGANIZATION RECEIVES MORE THAN 10% OF ITS SUPPORT FROM THE UNRELATED PUBLIC, BUT DUE TO THE LARGE DOLLAR AMOUNT OF THE CHARITABLE TRUSTS'S GIFTS,AND THE FACT THAT THE ORGANIZATION IS IN THE PROCESS OF BUILDING UP ITS DONOR BASE IN TERMS OF DOLLAR VOLUME AND AMOUNT OF CONTRIBUTORS, THE 33 1/3% PUBLIC CHARITY TEST WAS NOT MET. ALL MONIES RECEIVED ARE USED FOR INTEREST FREE LOANS FOR COLLEGE TUITON. THE PROGRAM IS ADVERTISED TO THE PUBLIC IN THE LANCASTER COUNTY AREA AND APPLICATIONS ARE SUBMITTED TO THE GOVERNING BODY WHICH REPRESENTS THE BROAD INTEREST OF THE PUBLIC. THE CURRENT PROGRAM LOANS BALANCE REPRESENTS APPROXIMIATELY 1,300 DIFFERENT INDIVIDUALS WHO HAVE BENEFITED FROM THE INTEREST FREE LOANS. THE ORGANIZATION IS OPERATED TO ATTRACT NEW PUBLIC AND GOVERNMENTAL SUPPORT.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART II, LINE 17A
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt065239
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt043509
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0821710
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0119002
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0150865
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01200325
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt043264
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt052024
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt038332
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt016946
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt013630
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0164196
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0763703
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0600
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt01110
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt01036
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0660
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0150
IRS990ScheduleA/OtherIncome170Grp/TotalAmt03556
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.24650
IRS990ScheduleA/PublicSupportPY170Pct00.22610
IRS990ScheduleA/PublicSupportTotal170Amt0337287
IRS990ScheduleA/SubstantialContributorsTotAmt0863038
IRS990ScheduleA/TenPctFactsCrcmstncsTestCYInd0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt065239
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt043509
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0821710
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0119002
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0150865
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01200325
IRS990ScheduleA/TotalSupportAmt01368113
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt036
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt036
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt03323797
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0STUDENT LOANS RECEIVABLE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/TotalBookValueProgramRltdAmt03323797
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TREASURER OF THE ORGANIZATION REVIEWS THE FORM 990 BEFORE PROCESSING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DURING THE FISCAL YEAR, THE ORGANIZATION HAD NO TOP MANAGEMENT OFFICIALS, OFFICERS, OR KEY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. THE 990 RETURN CAN ALSO BE VIEWED ON GUIDESTAR'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 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/TotalAssetsBOYAmt05729421
IRS990/TotalAssetsEOYAmt05824401
IRS990/TotalAssetsGrp/BOYAmt05729421
IRS990/TotalAssetsGrp/EOYAmt05824401
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt065239
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt010951
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt067753
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt098014
IRS990/TotalFunctionalExpensesGrp/TotalAmt0176718
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07322
IRS990/TotalLiabilitiesEOYAmt02861
IRS990/TotalLiabilitiesGrp/BOYAmt07322
IRS990/TotalLiabilitiesGrp/EOYAmt02861
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05722099
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05821540
IRS990/TotalProgramServiceExpensesAmt098014
IRS990/TotalProgramServiceRevenueAmt0155189
IRS990/TotalRevenueGrp/ExclusionAmt046944
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0157168
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0269351
IRS990/TotalVolunteersCnt018
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05729421
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05824401
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0313 W LIBERTY ST STE 343
IRS990/USAddress/CityNm0LANCASTER
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd017603
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0WWW.LANCDOLLARS.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JEAN BEDNARSKI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07173977920
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-02-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LANCASTER DOLLARS FOR HIGHER
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0LEARNING
ReturnHeader/Filer/BusinessNameControlTxt0LANC
ReturnHeader/Filer/EIN0236414300
ReturnHeader/Filer/PhoneNum07173977920
ReturnHeader/Filer/USAddress/AddressLine1Txt0313 W LIBERTY ST STE 343
ReturnHeader/Filer/USAddress/CityNm0LANCASTER

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