Civic Intelligence

The Cheyney Foundation

990 • Fiscal year 2025 • EIN 23-7148064

Jul 01, 2024 to Jun 30, 2025 • Filed on Nov 17, 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

38th percentile

0.02x

Higher debt load relative to assets than 38% of similar nonprofits.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

40th percentile

0.04x

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

2025 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

87th percentile

40%

Higher net margin than 87% of similar nonprofits.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

56th percentile

$74,038

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 8.0% of source-year revenue.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2025

Asset Growth

83rd percentile

23%

Faster asset growth than 83% of similar nonprofits.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

94th percentile

111%

Faster revenue growth than 94% of similar nonprofits.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Up

$1,831,920

Up $338,729 (+23%) from 2024

Net Assets

Up

$1,792,262

Up $335,620 (+23%) from 2024

Liabilities

Up

$39,658

Up $3,109 (+8.5%) from 2024

Revenue

Up

$922,379

Up $485,208 (+111%) from 2024

Expenses

Up

$551,453

Up $201,542 (+58%) from 2024

Net Income

Up

$370,926

Up $283,666 (+325%) from 2024

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

2025

Assets$1,831,920
Liabilities$39,658
Net Assets$1,792,262

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

2025

Revenue$922,379
Expenses$551,453
Net Income$370,926
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Nov 17, 2025
Return Version
2024v5.0
Gross Receipts
$922,379
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$1,191,795$1,535,706▲ $343,911
Cash and Non-Interest-Bearing Accounts$301,396$296,214▼ $5,182
Total Assets$1,493,191$1,831,920▲ $338,729
Liabilities
Other Liabilities$25,465$25,465→ $0
Accounts Payable and Accrued Expenses$11,084$14,193▲ $3,109
Total Liabilities$36,549$39,658▲ $3,109
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,399,283$1,645,742▲ $246,459
Net Assets Without Donor Restrictions$57,359$146,520▲ $89,161
Total Net Assets Fund Balance$1,456,642$1,792,262▲ $335,620
Total Liabilities and Net Assets / Fund Balance$1,493,191$1,831,920▲ $338,729

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$956,826$387,015▲ $88,753$305,000$1,127,594
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Darien ThreadgillExecutive DiPT$74,038$74,038

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$747,926
Program Service Revenue
$0
Investment Income
$174,453
Other Revenue
$0
Change in Net Assets
$370,926

Audited Revenue Reconciliation

Revenue per Audited Statements
$922,379
Revenue Not Reported on Form 990
$-35,306
Total Revenue per Audited Statements
$887,073
Total Revenue per Form 990
$922,379
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$305,000
Other Expenses$165,397
Total Fundraising Expense$90,000
Salaries, Compensation, and Employee Benefits$81,056
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$305,000--$305,000
Advertising$450$750$90,000$91,200
Current Officers, Directors, Trustees, and Key Employees$40,528$33,511-$74,039
Fees for Services Accounting$26,623$8,874-$35,497
Occupancy-$18,000-$18,000
Fees for Service Investment Mgmnt Fees$6,563$2,187-$8,750
Payroll Taxes-$7,017-$7,017
Fees for Services Other$1,590$4,760-$6,350
Other Expenses$2,012$2,012-$4,024
Insurance-$1,394-$1,394
Office Expenses$80$80-$160
Travel-$22-$22
Total Functional Expenses$382,846$78,607$90,000$551,453

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$551,453
Total Expenses per Audited Statements$551,453
Total Expenses per Form 990$551,453
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
2025-11-17
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
1

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 502 (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, 2025 and 2024; 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 adequatelt 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.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ROYALTIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1FUNDS HELD FOR OTHERS
IRS990ScheduleD/RevenueNotReportedAmt0-35306
IRS990ScheduleD/RevenueSubtotalAmt0922379
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 502 (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, 2025 AND 2024; 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 ADEQUATELT 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/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART IV, LINE 2B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
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
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
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IRS990/USAddress/AddressLine1Txt01837 UNIVERSITY CR
IRS990/USAddress/AddressLine2Txt0BIDDELL HALL 207
IRS990/USAddress/CityNm0CHEYNEY
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd019319
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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/SignatureDt02025-11-17
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
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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/PreparationDt02025-11-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WILLIAM HENDERSON
ReturnHeader/ReturnTs02025-11-17T17:09:40-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-07-01
ReturnHeader/TaxPeriodEndDt02025-06-30
ReturnHeader/TaxYr02024

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