Liabilities / Assets
40th percentile
Higher debt load relative to assets than 40% of similar nonprofits.
990 • Fiscal year 2023 • EIN 23-7148064
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
40th percentile
Higher debt load relative to assets than 40% of similar nonprofits.
Liabilities / Revenue
44th percentile
Higher debt load relative to revenue than 44% of similar nonprofits.
Net Margin
91st percentile
Higher net margin than 91% of similar nonprofits.
Top Officer Pay
39th percentile
Higher top officer pay than 39% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
87th percentile
Faster asset growth than 87% of similar nonprofits.
Revenue Growth
79th percentile
Faster revenue growth than 79% of similar nonprofits.
Assets
Up$1,346,984
Up $408,284 (+43%) from 2022
Net Assets
Up$1,307,964
Up $421,179 (+47%) from 2022
Liabilities
Down$39,020
Down $12,895 (-25%) from 2022
Revenue
Up$676,907
Up $185,717 (+38%) from 2022
Expenses
Down$324,137
Down $83,532 (-20%) from 2022
Net Income
Up$352,770
Up $269,249 (+322%) from 2022
The mission of the cheyney foundation is to raise funds, promote and support academic excellence, innovation and sustainability of cheyney university.
Since 1971, the foundation has given over 2.4 m to cheyney university, which has been used to support many different university programs, primarily in the form of scholarships for students.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments in Publicly Traded Securities | $568,302 | $1,038,793 | ▲ $470,491 |
| Cash and Non-Interest-Bearing Accounts | $370,398 | $308,191 | ▼ $62,207 |
| Total Assets | $938,700 | $1,346,984 | ▲ $408,284 |
| Liabilities | |||
| Other Liabilities | $25,465 | $25,465 | → $0 |
| Accounts Payable and Accrued Expenses | $26,450 | $13,555 | ▼ $12,895 |
| Total Liabilities | $51,915 | $39,020 | ▼ $12,895 |
| Net Assets / Fund Balance | |||
| Net Assets With Donor Restrictions | $965,804 | $1,122,882 | ▲ $157,078 |
| Net Assets Without Donor Restrictions | $-79,019 | $185,082 | ▲ $264,101 |
| Total Net Assets Fund Balance | $886,785 | $1,307,964 | ▲ $421,179 |
| Total Liabilities and Net Assets / Fund Balance | $938,700 | $1,346,984 | ▲ $408,284 |
| Period | Beginning | Contrib. | Gain/Loss | Other Uses | End |
|---|---|---|---|---|---|
| 2022 | $744,843 | - | ▲ $74,407 | $9,201 | $868,921 |
| 2021 | $713,981 | - | ▼ $91,653 | $10,260 | $744,843 |
| 2020 | $530,896 | - | ▲ $191,973 | $8,888 | $713,981 |
| 2019 | $530,929 | - | ▲ $6,156 | $6,189 | $530,896 |
| 2018 | $719,901 | - | ▲ $44,159 | $233,131 | $530,929 |
| Name | Title |
|---|---|
| Larry Walker | Chairman |
| Tiffany Wilson | Vice Chairma |
| Jazmine Smith | Director |
| Bryan Phillips | Treasurer |
| Line Item | Amount |
|---|---|
| Other Expenses | $170,738 |
| Grants and Similar Amounts Paid | $147,000 |
| Professional Fundraising Fees | $6,399 |
| Total Fundraising Expense | $6,399 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Fees for Services Other | $12,267 | $91,920 | - | $104,187 |
| Grants to Domestic Individuals | $96,000 | - | - | $96,000 |
| Grants to Domestic Orgs | $51,000 | - | - | $51,000 |
| Occupancy | - | $18,000 | - | $18,000 |
| Fees for Services Accounting | $11,032 | $3,677 | - | $14,709 |
| Fees for Service Investment Mgmnt Fees | $7,136 | $2,379 | - | $9,515 |
| Conferences and Meetings | - | $6,638 | - | $6,638 |
| Office Expenses | $3,229 | $3,229 | - | $6,458 |
| Fees for Services Professional Fundraising | - | - | $6,399 | $6,399 |
| Other Expenses | $1,974 | $1,974 | - | $3,948 |
| Insurance | - | $1,841 | - | $1,841 |
| Advertising | $1,391 | - | - | $1,391 |
| Travel | - | $51 | - | $51 |
| Total Functional Expenses | $184,029 | $133,709 | $6,399 | $324,137 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $324,137 |
| Total Expenses per Audited Statements | $324,137 |
| Total Expenses per Form 990 | $324,137 |
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| Cheyney University | Cheyney, PA | 115 | Program Disbursement | $51,000 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $6,399 |
| Liability | Amount |
|---|---|
| Royalties | $25,365 |
| Funds Held for Others | $100 |
“The taxpayer's financial matters are outsourced to holmes & company llc, which serves as an outsourced cfo for the entity.”
“Reviewed commented and voted on by board of directors prior to filing”
“At each board meeting all members are required to disclose any current or potential outside relationships with any person, business, or entity that may have the potential for an appearance of a conflict of interest and/or personal enrichment should it arise or be made public.”
“The board of directors determines appropriate compensation for the president/ceo.”
“The board of directors determines appropriate compensation for any offeicers or key employees of the organization.”
“All records are available upon written request.”
“Bank service charges 1,247 416 0 professional fees 10,967 2,089 0 consultants 0 87,897 0 webpage and server 53 18 0 supplies 0 1,500 0 total 12,267 91,920 0”
“The cheney foundation receives and distributes assets under certain agency arrangements.”
“The foundation is exempt from federal income tax under irc section 501(a) as an organization described in section 501(c)(3). Since its initial filing for tax-exempt status, the foundation has not received any notice from the internal revenue service ("irs") that such tax-exempt status has been challenged or changed. There was no taxable income as of june 30, 2023 and 2022; therefore, no provision for income taxes has been included in the foundation's financial statements. The preparation of financial statements in conformity with accounting principles generally accepted in the united states of america requires the foundation to report information regarding its exposure to various tax positions taken by the foundation. The foundation has determined whether any tax positions have met the recognition threshold and have measured the foundation's exposure to those tax positions. Management believes that the foundation adequately addressed all relevant tax positions and there are no unrecorded tax liabilities. Any interest or penalties assessed to the foundation are recorded in expenses. No interest or penalties from federal or state tax authorities were recorded in the accompanying financial statements.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | false |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 26450 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 13555 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | SINCE 1971, THE FOUNDATION HAS GIVEN OVER 2.4 M TO CHEYNEY UNIVERSITY, WHICH HAS BEEN USED TO SUPPORT MANY DIFFERENT UNIVERSITY PROGRAMS, PRIMARILY IN THE FORM OF SCHOLARSHIPS FOR STUDENTS. |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 1391 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 1391 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | true |
| IRS990/AuditCommitteeInd | 0 | true |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | HOLMES & COMPANY INC |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 8563204662 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 210 LAKE DR EAST STE 100 |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | CHERRY HILL |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NJ |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 08002 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | false |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 370398 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 308191 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | true |
| IRS990/CompensationProcessOtherInd | 0 | true |
| IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt | 0 | 6638 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 6638 |
| IRS990/ConflictOfInterestPolicyInd | 0 | true |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | true |
| IRS990/CreditCounselingInd | 0 | true |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 649800 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 147000 |
| IRS990/CYInvestmentIncomeAmt | 0 | 27107 |
| IRS990/CYOtherExpensesAmt | 0 | 170738 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 352770 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/CYTotalExpensesAmt | 0 | 324137 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 6399 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 6399 |
| IRS990/CYTotalRevenueAmt | 0 | 676907 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | false |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DelegationOfMgmtDutiesInd | 0 | true |
| IRS990/Desc | 0 | GRANTING SCHOLARSHIPS AND PROVIDING NEED-BASED FINANCIAL SUPPORT TO THE STUDENTS OF CHEYNEY UNIVERSITY THAT UPHOLD A HIGH LEVEL OF ACADEMIC ACHIEVEMENT. |
| IRS990/DescribedInSection501c3Ind | 0 | true |
| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | true |
| IRS990/DoingBusinessAsName/BusinessNameLine1Txt | 0 | THE CHEYNEY FOUNDATION |
| IRS990/DonatedServicesAndUseFcltsAmt | 0 | 18000 |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/DonorRestrictionNetAssetsGrp/BOYAmt | 0 | 965804 |
| IRS990/DonorRestrictionNetAssetsGrp/EOYAmt | 0 | 1122882 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | true |
| IRS990/ElectionOfBoardMembersInd | 0 | false |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990/ExpenseAmt | 0 | 96000 |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FederalGrantAuditRequiredInd | 0 | false |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 3677 |
| IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt | 0 | 11032 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 14709 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 91920 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 12267 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 104187 |
| IRS990/FeesForServicesProfFundraising/FundraisingAmt | 0 | 6399 |
| IRS990/FeesForServicesProfFundraising/TotalAmt | 0 | 6399 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt | 0 | 2379 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/ProgramServicesAmt | 0 | 7136 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt | 0 | 9515 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 5.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 5.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 5.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 5.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | LARRY WALKER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | TIFFANY WILSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | BRYAN PHILLIPS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | JAZMINE SMITH |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | CHAIRMAN |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | VICE CHAIRMA |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | DIRECTOR |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | false |
| IRS990/FormationYr | 0 | 1971 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedInd | 0 | true |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 4 |
| IRS990/GovernmentGrantsAmt | 0 | 649800 |
| IRS990/GrantAmt | 0 | 96000 |
| IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt | 0 | 96000 |
| IRS990/GrantsToDomesticIndividualsGrp/TotalAmt | 0 | 96000 |
| IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt | 0 | 51000 |
| IRS990/GrantsToDomesticOrgsGrp/TotalAmt | 0 | 51000 |
| IRS990/GrantsToIndividualsInd | 0 | true |
| IRS990/GrantsToOrganizationsInd | 0 | true |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossReceiptsAmt | 0 | 676907 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | true |
| IRS990/IndependentAuditFinclStmtInd | 0 | true |
| IRS990/IndependentVotingMemberCnt | 0 | 4 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartIXInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 1841 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 1841 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 26155 |
| IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt | 0 | 952 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 27107 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/InvestmentsPubTradedSecGrp/BOYAmt | 0 | 568302 |
| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 1038793 |
| IRS990/IRPDocumentCnt | 0 | 0 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LegalDomicileStateCd | 0 | PA |
| IRS990/LoanOutstandingInd | 0 | false |
| IRS990/LobbyingActivitiesInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | false |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MissionDesc | 0 | THE MISSION OF THE CHEYNEY FOUNDATION IS TO RAISE FUNDS, PROMOTE AND SUPPORT ACADEMIC EXCELLENCE, INNOVATION AND SUSTAINABILITY OF CHEYNEY UNIVERSITY. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 886785 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 1307964 |
| IRS990/NetUnrlzdGainsLossesInvstAmt | 0 | 50409 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | -79019 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 185082 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 18000 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 18000 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 3229 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 3229 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 6458 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherExpensesGrp/Desc | 0 | DONATIONS & GIFTS |
| IRS990/OtherExpensesGrp/Desc | 1 | DUES & SUBSCRIPTIONS |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 4000 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 1974 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 1974 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 4000 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 3948 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 25465 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 25465 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrincipalOfficerNm | 0 | LARRY WALKER |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | PROGRAM DISBURSEMENTS TO CHEYNEY UNIVERSITY FOR OPERATING EXPENSES AND PROGRAMMATIC PURPOSES. |
| IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt | 0 | 88029 |
| IRS990/ProgSrvcAccomActy2Grp/GrantAmt | 0 | 51000 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYContributionsGrantsAmt | 0 | 468040 |
| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 264893 |
| IRS990/PYInvestmentIncomeAmt | 0 | 23150 |
| IRS990/PYOtherExpensesAmt | 0 | 142776 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 83521 |
| IRS990/PYTotalExpensesAmt | 0 | 407669 |
| IRS990/PYTotalRevenueAmt | 0 | 491190 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 352770 |
| IRS990/RegularMonitoringEnfrcInd | 0 | true |
| IRS990/RelatedEntityInd | 0 | false |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | false |
| IRS990/ReportOtherAssetsInd | 0 | false |
| IRS990/ReportOtherLiabilitiesInd | 0 | true |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990ScheduleA/CollegeOrganizationInd | 0 | X |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 649800 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 468040 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 279083 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 302354 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 553863 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 2253140 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 26155 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 14978 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 15424 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 16680 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 18419 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 91656 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 82252 |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.96090 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.87990 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 2253140 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 649800 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 468040 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 279083 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 302354 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 553863 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 2253140 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 2344796 |
| IRS990/ScheduleBRequiredInd | 0 | false |
| IRS990ScheduleD/AgentTrusteeEtcInd | 0 | false |
| IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 744843 |
| IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt | 0 | 868921 |
| IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 74407 |
| IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt | 0 | 9201 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 713981 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 744843 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | -91653 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt | 0 | 10260 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 530896 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 713981 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 191973 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt | 0 | 8888 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 530929 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 530896 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 6156 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt | 0 | 6189 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 719901 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 530929 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 44159 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt | 0 | 233131 |
| IRS990ScheduleD/DonatedServicesAndUseFcltsAmt | 0 | 18000 |
| IRS990ScheduleD/EndowmentsHeldRelatedOrgInd | 0 | false |
| IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd | 0 | false |
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| IRS990ScheduleD/ExplanationProvidedInd | 0 | X |
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| IRS990ScheduleD/InclEscrowCustodialAcctLiabInd | 0 | true |
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| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 100 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | ROYALTIES |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | FUNDS HELD FOR OTHERS |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 68409 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 676907 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | THE CHENEY FOUNDATION RECEIVES AND DISTRIBUTES ASSETS UNDER CERTAIN AGENCY ARRANGEMENTS. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 1 | THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER IRC SECTION 501(A) AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3). SINCE ITS INITIAL FILING FOR TAX-EXEMPT STATUS, THE FOUNDATION HAS NOT RECEIVED ANY NOTICE FROM THE INTERNAL REVENUE SERVICE ("IRS") THAT SUCH TAX-EXEMPT STATUS HAS BEEN CHALLENGED OR CHANGED. THERE WAS NO TAXABLE INCOME AS OF JUNE 30, 2023 AND 2022; THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN INCLUDED IN THE FOUNDATION'S FINANCIAL STATEMENTS. THE PREPARATION OF FINANCIAL STATEMENTS IN CONFORMITY WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES THE FOUNDATION TO REPORT INFORMATION REGARDING ITS EXPOSURE TO VARIOUS TAX POSITIONS TAKEN BY THE FOUNDATION. THE FOUNDATION HAS DETERMINED WHETHER ANY TAX POSITIONS HAVE MET THE RECOGNITION THRESHOLD AND HAVE MEASURED THE FOUNDATION'S EXPOSURE TO THOSE TAX POSITIONS. MANAGEMENT BELIEVES THAT THE FOUNDATION ADEQUATELY ADDRESSED ALL RELEVANT TAX POSITIONS AND THERE ARE NO UNRECORDED TAX LIABILITIES. ANY INTEREST OR PENALTIES ASSESSED TO THE FOUNDATION ARE RECORDED IN EXPENSES. NO INTEREST OR PENALTIES FROM FEDERAL OR STATE TAX AUTHORITIES WERE RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE D, PAGE 2, PART IV, LINE 2B |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | SCHEDULE D, PAGE 3, PART X |
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| IRS990ScheduleD/TotalLiabilityAmt | 0 | 25465 |
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| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt | 0 | SCHOLARSHIPS |
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| IRS990ScheduleI/RecipientTable/CashGrantAmt | 0 | 51000 |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 0 | 115 |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 0 | PROGRAM DISBURSEMENT |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 0 | CHEYNEY UNIVERSITY |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 0 | 232478688 |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 0 | 1837 UNIVERSITY CIRCLE |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 0 | CHEYNEY |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 0 | PA |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 0 | 19319 |
| IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt | 0 | THE CHEYNEY FOUNDATION MONITORS THE USE OF THE GRANT FUNDS THROUGH ITS DONOR COMPLIANCE SERVICES DEPARTMENT. ON A MONTHLY BASIS, THE EXPENDITURES ARE REVIEWED AND INTERNAL TESTING OF TRANSACTIONS IS COMPLETED. THE DONOR COMPLIANCE SERVICES DEPARTMENT STRIVES TO MONITOR THE EXPENDITURES AND BALANCES OF THE VARIOUS ACCOUNTS, AS WELL AS DEVELOPS STRATEGIES TO ENSURE DONOR COMPLIANCE WITH THE DONOR GIFT AGREEMENTS IN PLACE. SCHOLARSHIPS ARE ISSUED DIRECTLY TO CHEYNEY UNIVERSITY ON BEHALF OF THE STUDENTS AND APPLIED TO EACH STUDENT'S ACCOUNT TO ENSURE THE FUNDS ARE PROPERLY APPLIED TO THE STUDENT'S TUITION. IN THE EVENT THE STUDENT IS NOT ACTIVELY ENROLLED DURING THE SEMESTER THE SCHOLARSHIP IS AWARDED, THE FUNDS ARE RETURNED TO CHEYNEY FOUNDATION. |
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| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE TAXPAYER'S FINANCIAL MATTERS ARE OUTSOURCED TO HOLMES & COMPANY LLC, WHICH SERVES AS AN OUTSOURCED CFO FOR THE ENTITY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | REVIEWED COMMENTED AND VOTED ON BY BOARD OF DIRECTORS PRIOR TO FILING |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | AT EACH BOARD MEETING ALL MEMBERS ARE REQUIRED TO DISCLOSE ANY CURRENT OR POTENTIAL OUTSIDE RELATIONSHIPS WITH ANY PERSON, BUSINESS, OR ENTITY THAT MAY HAVE THE POTENTIAL FOR AN APPEARANCE OF A CONFLICT OF INTEREST AND/OR PERSONAL ENRICHMENT SHOULD IT ARISE OR BE MADE PUBLIC. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE BOARD OF DIRECTORS DETERMINES APPROPRIATE COMPENSATION FOR THE PRESIDENT/CEO. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE BOARD OF DIRECTORS DETERMINES APPROPRIATE COMPENSATION FOR ANY OFFEICERS OR KEY EMPLOYEES OF THE ORGANIZATION. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | ALL RECORDS ARE AVAILABLE UPON WRITTEN REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | BANK SERVICE CHARGES 1,247 416 0 PROFESSIONAL FEES 10,967 2,089 0 CONSULTANTS 0 87,897 0 WEBPAGE AND SERVER 53 18 0 SUPPLIES 0 1,500 0 TOTAL 12,267 91,920 0 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PAGE 6, PART VI, LINE 3 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PAGE 6, PART VI, LINE 15B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PAGE 6, PART VI, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PART IX, LINE 11G |
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| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
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| IRS990/SubjectToProxyTaxInd | 0 | false |
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| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
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| IRS990/TotalAssetsEOYAmt | 0 | 1346984 |
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| IRS990/TotalCompGreaterThan150KInd | 0 | false |
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| IRS990/TotalEmployeeCnt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 6399 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 133709 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 184029 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 324137 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 51915 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 39020 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 51915 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 39020 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 886785 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 1307964 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 184029 |
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| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 938700 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 1346984 |
| IRS990/TravelGrp/ManagementAndGeneralAmt | 0 | 51 |
| IRS990/TravelGrp/TotalAmt | 0 | 51 |
| IRS990/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | false |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 1837 UNIVERSITY CR |
| IRS990/USAddress/AddressLine2Txt | 0 | BIDDELL HALL 207 |
| IRS990/USAddress/CityNm | 0 | CHEYNEY |
| IRS990/USAddress/StateAbbreviationCd | 0 | PA |
| IRS990/USAddress/ZIPCd | 0 | 19319 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 4 |
| IRS990/VotingMembersIndependentCnt | 0 | 4 |
| IRS990/WebsiteAddressTxt | 0 | WWW.CHEYNEYFOUNDATION.ORG |
| IRS990/WhistleblowerPolicyInd | 0 | true |
| ReturnHeader/BuildTS | 0 | 2023-04-26 12:10:37Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | LARRY WALKER |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | CHAIRMAN |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 6103992419 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2023-12-07 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | THE CHEYNEY FOUNDATION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | CHEY |
| ReturnHeader/Filer/EIN | 0 | 237148064 |
| ReturnHeader/Filer/PhoneNum | 0 | 6103992419 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 1837 UNIVERSITY CR BIDDELL HALL 207 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | CHEYNEY |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | PA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 19319 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | true |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 203811563 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | JTGOLDSTEIN |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 2200 ARCH ST STE 101 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | PHILADELPHIA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | PA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 191032136 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 2155253593 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2023-12-07 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | WILLIAM HENDERSON |
| ReturnHeader/ReturnTs | 0 | 2023-12-11T14:36:08-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | LARRY |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | WALKER |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2022-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2023-06-30 |
| ReturnHeader/TaxYr | 0 | 2022 |
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Displayed year
2023 • Form 990Detailed filing. Detailed filing data is available for this year.