Civic Intelligence

The Cheyney Foundation

990 • Fiscal year 2024 • EIN 23-7148064

Jul 01, 2023 to Jun 30, 2024 • Filed on Feb 24, 2025

1837 University Cr Biddell Hall 207Cheyney, PA 19319

(610) 399-2419

Siviq Scores

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

Liabilities / Assets

40th percentile

0.02x

Higher debt load relative to assets than 40% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

51st percentile

0.08x

Higher debt load relative to revenue than 51% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

73rd percentile

20%

Higher net margin than 73% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

66th percentile

11%

Faster asset growth than 66% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

8th percentile

-35%

Faster revenue growth than 8% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,493,191

Up $146,207 (+11%) from 2023

Net Assets

Up

$1,456,642

Up $148,678 (+11%) from 2023

Liabilities

Down

$36,549

Down $2,471 (-6.3%) from 2023

Revenue

Down

$437,171

Down $239,736 (-35%) from 2023

Expenses

Up

$349,911

Up $25,774 (+8.0%) from 2023

Net Income

Down

$87,260

Down $265,510 (-75%) from 2023

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $2,147,373Liabilities 2011: $58,294Net Assets 2011: $2,089,0792011Assets 2012: $1,800,737Liabilities 2012: $44,593Net Assets 2012: $1,756,1442012Assets 2013: $1,633,541Liabilities 2013: $26,715Net Assets 2013: $1,606,8262013Assets 2014: $1,380,828Liabilities 2014: $25,793Net Assets 2014: $1,355,0352014Assets 2015: $1,221,305Liabilities 2015: $129,899Net Assets 2015: $1,091,4062015Assets 2016: $1,108,046Liabilities 2016: $132,564Net Assets 2016: $975,4822016Assets 2017: $1,088,290Liabilities 2017: $124,604Net Assets 2017: $963,6862017Assets 2018: $767,203Liabilities 2018: $36,387Net Assets 2018: $730,8162018Assets 2019: $858,987Liabilities 2019: $134,016Net Assets 2019: $724,9712019Assets 2020: $804,579Liabilities 2020: $172,015Net Assets 2020: $632,5642020Assets 2021: $945,394Liabilities 2021: $39,240Net Assets 2021: $906,1542021Assets 2022: $938,700Liabilities 2022: $51,915Net Assets 2022: $886,7852022Assets 2023: $1,346,984Liabilities 2023: $39,020Net Assets 2023: $1,307,9642023Assets 2024: $1,493,191Liabilities 2024: $36,549Net Assets 2024: $1,456,6422024Assets 2025: $1,831,920Liabilities 2025: $39,658Net Assets 2025: $1,792,2622025

Highlighted filing

2024

Assets$1,493,191
Liabilities$36,549
Net Assets$1,456,642

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2011: $369,8892011Expenses 2012: $356,9282012Expenses 2013: $564,0212013Revenue 2014: $217,386Expenses 2014: $544,821Net Income 2014: -$327,4352014Revenue 2015: $230,861Expenses 2015: $392,999Net Income 2015: -$162,1382015Revenue 2016: $175,333Expenses 2016: $217,297Net Income 2016: -$41,9642016Revenue 2017: $122,714Expenses 2017: $191,836Net Income 2017: -$69,1222017Revenue 2018: $239,987Expenses 2018: $404,279Net Income 2018: -$164,2922018Revenue 2019: $591,638Expenses 2019: $609,118Net Income 2019: -$17,4802019Revenue 2020: $329,457Expenses 2020: $403,990Net Income 2020: -$74,5332020Revenue 2021: $337,856Expenses 2021: $209,716Net Income 2021: $128,1402021Revenue 2022: $491,190Expenses 2022: $407,669Net Income 2022: $83,5212022Revenue 2023: $676,907Expenses 2023: $324,137Net Income 2023: $352,7702023Revenue 2024: $437,171Expenses 2024: $349,911Net Income 2024: $87,2602024Revenue 2025: $922,379Expenses 2025: $551,453Net Income 2025: $370,9262025

Highlighted filing

2024

Revenue$437,171
Expenses$349,911
Net Income$87,260
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Feb 24, 2025
Return Version
2023v6.0
Gross Receipts
$437,171
Mission and Program Overview

Mission

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 2.5 m to cheyney university, which has been used to support many different university programs, primarily in the form of scholarships for students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,038,793$1,191,795▲ $153,002
Cash and Non-Interest-Bearing Accounts$308,191$301,396▼ $6,795
Total Assets$1,346,984$1,493,191▲ $146,207
Liabilities
Other Liabilities$25,465$25,465→ $0
Accounts Payable and Accrued Expenses$13,555$11,084▼ $2,471
Total Liabilities$39,020$36,549▼ $2,471
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,122,882$1,399,283▲ $276,401
Net Assets Without Donor Restrictions$185,082$57,359▼ $127,723
Total Net Assets Fund Balance$1,307,964$1,456,642▲ $148,678
Total Liabilities and Net Assets / Fund Balance$1,346,984$1,493,191▲ $146,207

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$868,921$2,336▲ $85,569-$956,826
2022$744,843$58,872▲ $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
Compensation and Service Providers

Board Members and Trustees

NameTitle
Larry WalkerChairman
Tiffany WilsonVice Chairma
Jazmine SmithDirector
Bryan PhillipsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$371,394
Program Service Revenue
$0
Investment Income
$65,777
Other Revenue
$0
Change in Net Assets
$87,260

Audited Revenue Reconciliation

Revenue per Audited Statements
$437,171
Revenue Not Reported on Form 990
$61,418
Total Revenue per Audited Statements
$498,589
Total Revenue per Form 990
$437,171
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$206,347
Grants and Similar Amounts Paid$143,564
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising-$142,814-$142,814
Grants to Domestic Orgs$132,064--$132,064
Occupancy-$18,000-$18,000
Fees for Services Accounting$11,026$3,675-$14,701
Grants to Domestic Individuals$11,500--$11,500
Fees for Service Investment Mgmnt Fees$8,283$2,761-$11,044
Office Expenses$7,477$3,369-$10,846
Fees for Services Other$2,462$822-$3,284
Insurance-$943-$943
Travel-$193-$193
Other Expenses$2,231$60-$60
Total Functional Expenses$175,043$174,868$0$349,911

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$349,911
Total Expenses per Audited Statements$349,911
Total Expenses per Form 990$349,911
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Cheyney UniversityCheyney, PA115Program Disbursement$132,064
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
Royalties$25,365
Funds Held for Others$100
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

The taxpayer's financial matters are outsourced to holmes & company llc, which serves as an outsourced cfo for the entity.

Form 990, Page 6, Part VI, Line 11B

Reviewed commented and voted on by board of directors prior to filing

Form 990, Page 6, Part VI, Line 12C

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.

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

The board of directors determines appropriate compensation for the president/ceo.

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

The board of directors determines appropriate compensation for any offeicers or key employees of the organization.

Form 990, Page 6, Part VI, Line 19

All records are available upon written request.

Filing and Contact Details

Filer

Filer Name
The Cheyney Foundation
EIN
23-7148064
Phone
6103992419
Address
1837 UNIVERSITY CR BIDDELL HALL 207, CHEYNEY, PA 19319
Doing Business As
The Cheyney Foundation

Signing Officer

Name
Larry Walker
Title
Chairman
Phone
6103992419
Signed
2025-02-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Larry Walker
Formed
1971
Legal Domicile
Pa
Voting Board Members
4
Independent Board Members
4
Employees
0

Preparer

Firm
Jtgoldstein
Address
2200 ARCH ST STE 101, PHILADELPHIA, PA 19103-2136
Preparer
William Henderson
Phone
2155253593
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 2, Part IV, Line 2B

The cheney foundation receives and distributes assets under certain agency arrangements.

Schedule D, Page 3, Part X

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, 2024 and 2023; 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 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.

Raw XML Appendix377 raw XML fields

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/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt013555
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt011084
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0SINCE 1971, THE FOUNDATION HAS GIVEN OVER 2.5 M TO CHEYNEY UNIVERSITY, WHICH HAS BEEN USED TO SUPPORT MANY DIFFERENT UNIVERSITY PROGRAMS, PRIMARILY IN THE FORM OF SCHOLARSHIPS FOR STUDENTS.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt0142814
IRS990/AdvertisingGrp/TotalAmt0142814
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0HOLMES & COMPANY INC
IRS990/BooksInCareOfDetail/PhoneNum08563204662
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0210 LAKE DR EAST STE 100
IRS990/BooksInCareOfDetail/USAddress/CityNm0CHERRY HILL
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NJ
IRS990/BooksInCareOfDetail/USAddress/ZIPCd008002
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0308191
IRS990/CashNonInterestBearingGrp/EOYAmt0301396
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0true
IRS990/CreditCounselingInd0true
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0371394
IRS990/CYGrantsAndSimilarPaidAmt0143564
IRS990/CYInvestmentIncomeAmt065777
IRS990/CYOtherExpensesAmt0206347
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt087260
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0349911
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0437171
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0true
IRS990/Desc0GRANTING SCHOLARSHIPS AND PROVIDING NEED-BASED FINANCIAL SUPPORT TO THE STUDENTS OF CHEYNEY UNIVERSITY THAT UPHOLD A HIGH LEVEL OF ACADEMIC ACHIEVEMENT.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DoingBusinessAsName/BusinessNameLine1Txt0THE CHEYNEY FOUNDATION
IRS990/DonatedServicesAndUseFcltsAmt018000
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt01122882
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt01399283
IRS990/DonorRstrOrQuasiEndowmentsInd0true
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt011500
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt03675
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt011026
IRS990/FeesForServicesAccountingGrp/TotalAmt014701
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0822
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt02462
IRS990/FeesForServicesOtherGrp/TotalAmt03284
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt02761
IRS990/FeesForSrvcInvstMgmntFeesGrp/ProgramServicesAmt08283
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt011044
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt05.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt15.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt25.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt35.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/PersonNm0LARRY WALKER
IRS990/Form990PartVIISectionAGrp/PersonNm1TIFFANY WILSON
IRS990/Form990PartVIISectionAGrp/PersonNm2BRYAN PHILLIPS
IRS990/Form990PartVIISectionAGrp/PersonNm3JAZMINE SMITH
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRMA
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01971
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GovernmentGrantsAmt0371394
IRS990/GrantAmt011500
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt011500
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt011500
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0132064
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0132064
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0437171
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt04
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt0943
IRS990/InsuranceGrp/TotalAmt0943
IRS990/InvestmentIncomeGrp/ExclusionAmt065777
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt065777
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt01038793
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01191795
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0PA
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE MISSION OF THE CHEYNEY FOUNDATION IS TO RAISE FUNDS, PROMOTE AND SUPPORT ACADEMIC EXCELLENCE, INNOVATION AND SUSTAINABILITY OF CHEYNEY UNIVERSITY.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt01307964
IRS990/NetAssetsOrFundBalancesEOYAmt01456642
IRS990/NetUnrlzdGainsLossesInvstAmt043418
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0185082
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt057359
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt018000
IRS990/OccupancyGrp/TotalAmt018000
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03369
IRS990/OfficeExpensesGrp/ProgramServicesAmt07477
IRS990/OfficeExpensesGrp/TotalAmt010846
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherExpensesGrp/Desc0DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc1MEALS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02231
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt160
IRS990/OtherExpensesGrp/ProgramServicesAmt02231
IRS990/OtherExpensesGrp/TotalAmt04462
IRS990/OtherExpensesGrp/TotalAmt160
IRS990/OtherLiabilitiesGrp/BOYAmt025465
IRS990/OtherLiabilitiesGrp/EOYAmt025465
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0LARRY WALKER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0PROGRAM DISBURSEMENTS TO CHEYNEY UNIVERSITY FOR OPERATING EXPENSES AND PROGRAMMATIC PURPOSES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0163543
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0132064
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0649800
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0147000
IRS990/PYInvestmentIncomeAmt027107
IRS990/PYOtherExpensesAmt0170738
IRS990/PYRevenuesLessExpensesAmt0352770
IRS990/PYTotalExpensesAmt0324137
IRS990/PYTotalProfFndrsngExpnsAmt06399
IRS990/PYTotalRevenueAmt0676907
IRS990/ReconcilationRevenueExpnssAmt087260
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0371394
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0649800
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0468040
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0279083
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0302354
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02070671
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt065777
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt026155
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt014978
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt015424
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt016680
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0139014
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt062896
IRS990ScheduleA/PublicSupportCY170Pct00.93710
IRS990ScheduleA/PublicSupportPY170Pct00.96090
IRS990ScheduleA/PublicSupportTotal170Amt02070671
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0371394
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0649800
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0468040
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0279083
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0302354
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02070671
IRS990ScheduleA/TotalSupportAmt02209685
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0868921
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt02336
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0956826
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt085569
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0744843
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt058872
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0868921
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt074407
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt09201
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0713981
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0744843
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-91653
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt010260
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0530896
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0713981
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0191973
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt08888
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0530929
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0530896
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt06156
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt06189
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt018000
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/ExpensesSubtotalAmt0349911
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/NetUnrealizedGainsInvstAmt043418
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt025365
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1100
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ROYALTIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1FUNDS HELD FOR OTHERS
IRS990ScheduleD/RevenueNotReportedAmt061418
IRS990ScheduleD/RevenueSubtotalAmt0437171
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CHENEY FOUNDATION RECEIVES AND DISTRIBUTES ASSETS UNDER CERTAIN AGENCY ARRANGEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE 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, 2024 AND 2023; 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 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/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART IV, LINE 2B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalExpensesPerForm990Amt0349911
IRS990ScheduleD/TotalLiabilityAmt025465
IRS990ScheduleD/TotalRevenuePerForm990Amt0437171
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0498589
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0349911
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt011500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/RecipientTable/CashGrantAmt0132064
IRS990ScheduleI/RecipientTable/IRCSectionDesc0115
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0PROGRAM DISBURSEMENT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CHEYNEY UNIVERSITY
IRS990ScheduleI/RecipientTable/RecipientEIN0232478688
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01837 UNIVERSITY CIRCLE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0CHEYNEY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0PA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd019319
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE 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.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TAXPAYER'S FINANCIAL MATTERS ARE OUTSOURCED TO HOLMES & COMPANY LLC, WHICH SERVES AS AN OUTSOURCED CFO FOR THE ENTITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1REVIEWED COMMENTED AND VOTED ON BY BOARD OF DIRECTORS PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AT 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/ExplanationTxt3THE BOARD OF DIRECTORS DETERMINES APPROPRIATE COMPENSATION FOR THE PRESIDENT/CEO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS DETERMINES APPROPRIATE COMPENSATION FOR ANY OFFEICERS OR KEY EMPLOYEES OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL RECORDS ARE AVAILABLE UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 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/TotalAssetsBOYAmt01346984
IRS990/TotalAssetsEOYAmt01493191
IRS990/TotalAssetsGrp/BOYAmt01346984
IRS990/TotalAssetsGrp/EOYAmt01493191
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0371394
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0174868
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0175043
IRS990/TotalFunctionalExpensesGrp/TotalAmt0349911
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt039020
IRS990/TotalLiabilitiesEOYAmt036549
IRS990/TotalLiabilitiesGrp/BOYAmt039020
IRS990/TotalLiabilitiesGrp/EOYAmt036549
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01307964
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01456642
IRS990/TotalProgramServiceExpensesAmt0175043
IRS990/TotalRevenueGrp/ExclusionAmt065777
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0437171
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01346984
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01493191
IRS990/TravelGrp/ManagementAndGeneralAmt0193
IRS990/TravelGrp/TotalAmt0193
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01837 UNIVERSITY CR
IRS990/USAddress/AddressLine2Txt0BIDDELL HALL 207
IRS990/USAddress/CityNm0CHEYNEY
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd019319
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.CHEYNEYFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LARRY WALKER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum06103992419
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-02-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE CHEYNEY FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0CHEY
ReturnHeader/Filer/EIN0237148064
ReturnHeader/Filer/PhoneNum06103992419
ReturnHeader/Filer/USAddress/AddressLine1Txt01837 UNIVERSITY CR BIDDELL HALL 207
ReturnHeader/Filer/USAddress/CityNm0CHEYNEY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd019319
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0203811563
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JTGOLDSTEIN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02200 ARCH ST STE 101
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PHILADELPHIA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0191032136
ReturnHeader/PreparerPersonGrp/PhoneNum02155253593
ReturnHeader/PreparerPersonGrp/PreparationDt02025-02-24
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WILLIAM HENDERSON
ReturnHeader/ReturnTs02025-03-03T21:24:29-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.83$0.04$1.79$0.92$0.55$0.37
2024Detailed filing. Detailed filing data is available for this year.$1.49$0.04$1.46$0.44$0.35$0.09
2023Detailed filing. Detailed filing data is available for this year.$1.35$0.04$1.31$0.68$0.32$0.35
2022Detailed filing. Detailed filing data is available for this year.$0.94$0.05$0.89$0.49$0.41$0.08
2021Detailed filing. Detailed filing data is available for this year.$0.95$0.04$0.91$0.34$0.21$0.13
2020Detailed filing. Detailed filing data is available for this year.$0.80$0.17$0.63$0.33$0.40$0.07
2019Detailed filing. Detailed filing data is available for this year.$0.86$0.13$0.72$0.59$0.61$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.77$0.04$0.73$0.24$0.40$0.16
2017Detailed filing. Detailed filing data is available for this year.$1.09$0.12$0.96$0.12$0.19$0.07
2016Detailed filing. Detailed filing data is available for this year.$1.11$0.13$0.98$0.18$0.22$0.04
2015Detailed filing. Detailed filing data is available for this year.$1.22$0.13$1.09$0.23$0.39$0.16
2014Detailed filing. Detailed filing data is available for this year.$1.38$0.03$1.36$0.22$0.54$0.33
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.63$0.03$1.61$0.56
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.80$0.04$1.76$0.36
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.15$0.06$2.09$0.37