Civic Intelligence

Lancaster Dollars for Higher Learning

990 • Fiscal year 2024 • EIN 23-6414300

Oct 01, 2023 to Sep 30, 2024 • Filed on Feb 15, 2025

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

14th percentile

0.00x

Higher debt load relative to assets than 14% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

23rd percentile

0.04x

Higher debt load relative to revenue than 23% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

62nd percentile

11%

Higher net margin than 62% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

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.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

67th percentile

11%

Faster asset growth than 67% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

76th percentile

32%

Faster revenue growth than 76% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$6,682,452

Up $989,625 (+17%) from 2022

Net Assets

Up

$6,666,201

Up $975,402 (+17%) from 2022

Liabilities

Up

$16,251

Up $14,223 (+701%) from 2022

Revenue

Up

$448,707

Up $50,545 (+13%) from 2022

Expenses

Up

$400,797

Up $118,957 (+42%) from 2022

Net Income

Down

$47,910

Down $68,412 (-59%) 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 2024: $6,682,452Liabilities 2024: $16,251Net Assets 2024: $6,666,2012024

Highlighted filing

2024

Assets$6,682,452
Liabilities$16,251
Net Assets$6,666,201

Operations Trend

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

$600K$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 2024: $448,707Expenses 2024: $400,797Net Income 2024: $47,9102024

Highlighted filing

2024

Revenue$448,707
Expenses$400,797
Net Income$47,910
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Feb 15, 2025
Return Version
2023v6.0
Gross Receipts
$2,175,803
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$3,349,028$4,118,031▲ $769,003
Investments Program Related$2,472,001$2,420,326▼ $51,675
Cash and Non-Interest-Bearing Accounts$138,741$92,160▼ $46,581
Prepaid Expenses and Deferred Charges$16,079$21,204▲ $5,125
Pledges and Grants Receivable$24,000$16,000▼ $8,000
Total Assets$6,019,431$6,682,452▲ $663,021
Other Assets Total$19,582$14,731▼ $4,851
Liabilities
Other Liabilities$19,207$14,356▼ $4,851
Accounts Payable and Accrued Expenses$3,986$1,895▼ $2,091
Total Liabilities$23,193$16,251▼ $6,942
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,287,628$6,053,974▲ $766,346
Net Assets With Donor Restrictions$708,610$612,227▼ $96,383
Total Net Assets Fund Balance$5,996,238$6,666,201▲ $669,963
Total Liabilities and Net Assets / Fund Balance$6,019,431$6,682,452▲ $663,021

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$2,420,326--
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
Robin GoriniBoard Member
Samantha MorenoBoard Member
Peg Ellison WolpertSecretary
Linda SchroederTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$143,091
Program Service Revenue
$125,547
Investment Income
$179,200
Other Revenue
$869
All Other Contributions
$143,091
Change in Net Assets
$47,910

Audited Revenue Reconciliation

Revenue per Audited Statements
$448,707
Revenue Not Reported on Form 990
$622,053
Total Revenue per Audited Statements
$1,070,760
Total Revenue per Form 990
$448,707
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$308,318
Salaries, Compensation, and Employee Benefits$77,279
Total Fundraising Expense$31,346
Grants and Similar Amounts Paid$15,200
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$13,724$43,322$14,645$71,691
Fees for Service Investment Mgmnt Fees-$30,954-$30,954
Information Technology$26,970--$26,970
Fees for Services Accounting-$19,000-$19,000
Grants to Domestic Individuals$15,200--$15,200
Advertising$297-$14,439$14,736
Office Expenses$12,465--$12,465
Occupancy$1,121$3,362$1,121$5,604
Payroll Taxes$1,070$3,377$1,141$5,588
Insurance$3,429--$3,429
Other Expenses$690--$690
Total Functional Expenses$269,436$100,015$31,346$400,797

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$400,797
Total Expenses per Audited Statements$400,797
Total Expenses per Form 990$400,797
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$9,313
Short-term Lease Liability$5,043
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 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
2025-02-15
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
10

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

Lancaster dollars for higher learning was given grants for the prupose 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. In 2024, they recieved an additional 6,900 gift. This year, the organization distributed 8 grants totaling 15,200.

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IRS990/PrincipalOfficerNm0JEAN BEDNARSKI
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0LANCASTER DOLLARS FOR HIGHER LEARNING WAS GIVEN GRANTS FOR THE PRUPOSE 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. IN 2024, THEY RECIEVED AN ADDITIONAL 6,900 GIFT. THIS YEAR, THE ORGANIZATION DISTRIBUTED 8 GRANTS TOTALING 15,200.
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IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt07600
IRS990/PYInvestmentIncomeAmt071524
IRS990/PYOtherExpensesAmt0253689
IRS990/PYOtherRevenueAmt01793
IRS990/PYProgramServiceRevenueAmt0121487
IRS990/PYRevenuesLessExpensesAmt016994
IRS990/PYSalariesCompEmpBnftPaidAmt062928
IRS990/PYTotalExpensesAmt0324217
IRS990/PYTotalRevenueAmt0341211
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IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RevenueAmt0125547
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME 5,231
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0175285
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0126957
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt089107
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt044884
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt027695
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt043264
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt15043
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LONG-TERM LEASE LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SHORT-TERM LEASE LIABILITY
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IRS990ScheduleD/RevenueSubtotalAmt0448707
IRS990ScheduleD/TotalBookValueProgramRltdAmt02420326
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LANCASTER DOLLARS FOR HIGHER LEARNING WAS GIVEN GRANTS FOR THE PRUPOSE 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. IN 2024, THEY RECIEVED AN ADDITIONAL 6,900 GIFT. THIS YEAR, THE ORGANIZATION DISTRIBUTED 8 GRANTS TOTALING 15,200.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE TREASURER OF THE ORGANIZATION REVIEWS THE FORM 990 BEFORE PROCESSING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL 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 19
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IRS990/TerminateOperationsInd0false
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0269436
IRS990/TotalFunctionalExpensesGrp/TotalAmt0400797
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesGrp/EOYAmt016251
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05996238
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt06666201
IRS990/TotalOtherProgSrvcExpenseAmt015200

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