Civic Intelligence

Lancaster Dollars for Higher Learning

990 • Fiscal year 2023 • EIN 23-6414300

Oct 01, 2022 to Sep 30, 2023 • Filed on Feb 07, 2024

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

15th percentile

0.00x

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

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

30th percentile

0.07x

Higher debt load relative to revenue than 30% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

52nd percentile

5.0%

Higher net margin than 52% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

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

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

51st percentile

5.7%

Faster asset growth than 51% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

21st percentile

-14%

Faster revenue growth than 21% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Assets

Up

$6,019,431

Up $326,604 (+5.7%) from 2022

Net Assets

Up

$5,996,238

Up $305,439 (+5.4%) from 2022

Liabilities

Up

$23,193

Up $21,165 (+1044%) from 2022

Revenue

Down

$341,211

Down $56,951 (-14%) from 2022

Expenses

Up

$324,217

Up $42,377 (+15%) from 2022

Net Income

Down

$16,994

Down $99,328 (-85%) from 2022

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: $5,690,7992022Assets 2023: $6,019,431Liabilities 2023: $23,193Net Assets 2023: $5,996,2382023

Highlighted filing

2023

Assets$6,019,431
Liabilities$23,193
Net Assets$5,996,238

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: $116,3222022Revenue 2023: $341,211Expenses 2023: $324,217Net Income 2023: $16,9942023

Highlighted filing

2023

Revenue$341,211
Expenses$324,217
Net Income$16,994
Jump To
Filing Snapshot
Filing Period
Oct 1, 2022 to Sep 30, 2023
Signed
Feb 7, 2024
Return Version
2022v5.0
Gross Receipts
$3,873,055
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 in Publicly Traded Securities$2,623,201$3,349,028▲ $725,827
Investments Program Related$2,675,593$2,472,001▼ $203,592
Cash and Non-Interest-Bearing Accounts$348,818$138,741▼ $210,077
Pledges and Grants Receivable$32,000$24,000▼ $8,000
Prepaid Expenses and Deferred Charges$12,840$16,079▲ $3,239
Total Assets$5,692,827$6,019,431▲ $326,604
Other Assets Total$375$19,582▲ $19,207
Liabilities
Other Liabilities-$19,207-
Accounts Payable and Accrued Expenses$2,028$3,986▲ $1,958
Total Liabilities$2,028$23,193▲ $21,165
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,911,575$5,287,628▲ $376,053
Net Assets With Donor Restrictions$779,224$708,610▼ $70,614
Total Net Assets Fund Balance$5,690,799$5,996,238▲ $305,439
Total Liabilities and Net Assets / Fund Balance$5,692,827$6,019,431▲ $326,604

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$2,472,001--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jean BednarskiPresident
Bob FreundBoard Member
Bunnie BuckwalterBoard Member
Cindy CiuffoBoard Member
James LeeBoard Member
Kay BrubakerBoard Member
Mark NewkirkBoard Member
Melissa JabourBoard Member
Patrick CarneyBoard Member
Peg Ellison WolpertBoard Member
Robin GoriniBoard Member
Cathy KettermanSecretary
Linda SchroederTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$146,407
Program Service Revenue
$121,487
Investment Income
$71,524
Other Revenue
$1,793
All Other Contributions
$146,407
Change in Net Assets
$16,994

Audited Revenue Reconciliation

Revenue per Audited Statements
$341,211
Revenue Not Reported on Form 990
$288,445
Total Revenue per Audited Statements
$629,656
Total Revenue per Form 990
$341,211
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$253,689
Salaries, Compensation, and Employee Benefits$62,928
Total Fundraising Expense$13,544
Grants and Similar Amounts Paid$7,600
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$11,570$35,066$11,722$58,358
Information Technology$31,153--$31,153
Fees for Service Investment Mgmnt Fees-$26,157-$26,157
Advertising$421$11,980-$12,401
Fees for Services Accounting-$9,800-$9,800
Office Expenses$8,161--$8,161
Grants to Domestic Individuals$7,600--$7,600
Occupancy$1,064$3,352$904$5,320
Payroll Taxes$906$2,746$918$4,570
Insurance$3,286--$3,286
Other Expenses$286--$286
Total Functional Expenses$221,572$89,101$13,544$324,217

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$324,217
Total Expenses per Audited Statements$324,217
Total Expenses per Form 990$324,217
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Long-term Lease Liability$14,356
Short-term Lease Liability$4,851
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
Yes
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

The board votes on and approves any salary or pay raise.

Form 990, Page 6, Part VI, Line 19

All governing documents, policies, and financial statements are available upon request. The 990 return can be also 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
2024-02-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jean Bednarski
Formed
1961
Legal Domicile
Pa
Voting Board Members
13
Independent Board Members
13
Employees
2
Volunteers
21

Preparer

Firm
Simon Lever LLC
Address
147 W AIRPORT RD, LITITZ, PA 17543
Preparer
Rebecca Walck CPA
Phone
7175697081
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

All other accomplishments lancaster dollars for higher learning was given a grant for the purpose of providing a limited number of grants, rather than interest-free loans, to deserving applicants selected from the group of students applying for traditional loans. The grant agreement states that lancaster dollars for higher learning will receive an annual gift of 8,000 for five years. This year, the organization distributed 4 grants totaling 7,600.

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IRS990/PrincipalOfficerNm0JEAN BEDNARSKI
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0ALL OTHER ACCOMPLISHMENTS LANCASTER DOLLARS FOR HIGHER LEARNING WAS GIVEN A GRANT FOR THE PURPOSE OF PROVIDING A LIMITED NUMBER OF GRANTS, RATHER THAN INTEREST-FREE LOANS, TO DESERVING APPLICANTS SELECTED FROM THE GROUP OF STUDENTS APPLYING FOR TRADITIONAL LOANS. THE GRANT AGREEMENT STATES THAT LANCASTER DOLLARS FOR HIGHER LEARNING WILL RECEIVE AN ANNUAL GIFT OF 8,000 FOR FIVE YEARS. THIS YEAR, THE ORGANIZATION DISTRIBUTED 4 GRANTS TOTALING 7,600.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt07600
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt07600
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IRS990/PYExcessBenefitTransInd0false
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IRS990/PYInvestmentIncomeAmt097328
IRS990/PYOtherExpensesAmt0211743
IRS990/PYProgramServiceRevenueAmt0125549
IRS990/PYRevenuesLessExpensesAmt0116322
IRS990/PYSalariesCompEmpBnftPaidAmt061997
IRS990/PYTotalExpensesAmt0281840
IRS990/PYTotalRevenueAmt0398162
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IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RevenueAmt0121487
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME 5,472
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0175285
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0126957
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt065239
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt043509
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0557397
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt043264
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt052024
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IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0STUDENT LOANS RECEIVABLE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt14851
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LONG-TERM LEASE LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SHORT-TERM LEASE LIABILITY
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IRS990ScheduleD/TotalBookValueProgramRltdAmt02472001
IRS990ScheduleD/TotalExpensesPerForm990Amt0324217
IRS990ScheduleD/TotalLiabilityAmt019207
IRS990ScheduleD/TotalRevenuePerForm990Amt0341211
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL OTHER ACCOMPLISHMENTS LANCASTER DOLLARS FOR HIGHER LEARNING WAS GIVEN A GRANT FOR THE PURPOSE OF PROVIDING A LIMITED NUMBER OF GRANTS, RATHER THAN INTEREST-FREE LOANS, TO DESERVING APPLICANTS SELECTED FROM THE GROUP OF STUDENTS APPLYING FOR TRADITIONAL LOANS. THE GRANT AGREEMENT STATES THAT LANCASTER DOLLARS FOR HIGHER LEARNING WILL RECEIVE AN ANNUAL GIFT OF 8,000 FOR FIVE YEARS. THIS YEAR, THE ORGANIZATION DISTRIBUTED 4 GRANTS TOTALING 7,600.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE TREASURER OF THE ORGANIZATION REVIEWS THE FORM 990 BEFORE PROCESSING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD VOTES ON AND APPROVES ANY SALARY OR PAY RAISE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. THE 990 RETURN CAN BE ALSO VIEWED ON GUIDESTAR'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SubjectToProxyTaxInd0false
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IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0221572
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IRS990/TotalGrossUBIAmt00
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IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05690799
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05996238
IRS990/TotalOtherProgSrvcExpenseAmt07600

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