Civic Intelligence

Yocum Family Perpetual Charitable Trust

EIN 23-7704439 • 501(c)3 • Wilmington, DE

Profile

The organization waws formed to support one or more of the organizations listed in the trust agreement, so long as these organizations are in existence and remain and organization described in sections 170(b)(1)(a), 170(c), 2055(a), and 2522(a) or the 1986 irc

1100 North Market StreetWilmington, DE 19890-0001

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

3rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

4th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

7th percentile

-33%

Higher net margin than 7% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

6th percentile

$0

Higher top officer pay than 6% of similar nonprofits.

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

501(c)3 • $50M-$100M nonprofits • Source year 2024

Asset Growth

21st percentile

-1.8%

Faster asset growth than 21% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

88th percentile

64%

Faster revenue growth than 88% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Assets

Down

$58,345,538

Down $1,160,246 (-1.9%) from 2021

Liabilities

Flat

$0

Flat from 2021

Net Assets

Down

$58,345,538

Down $1,160,246 (-1.9%) from 2021

Revenue

Down

$2,842,471

Down $2,407,094 (-46%) from 2021

Expenses

Up

$4,002,717

Up $867,598 (+28%) from 2021

Net Income

Down

-$1,160,246

Down $3,274,692 (-155%) from 2021

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0Assets 2020: $57,391,338Liabilities 2020: $0Net Assets 2020: $57,391,3382020Assets 2021: $59,505,784Liabilities 2021: $0Net Assets 2021: $59,505,7842021Assets 2022: $58,345,538Liabilities 2022: $0Net Assets 2022: $58,345,5382022

Highlighted filing

2022

Assets$58,345,538
Liabilities$0
Net Assets$58,345,538

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2020: $1,804,893Expenses 2020: $3,052,691Net Income 2020: -$1,247,7982020Revenue 2021: $5,249,565Expenses 2021: $3,135,119Net Income 2021: $2,114,4462021Revenue 2022: $2,842,471Expenses 2022: $4,002,717Net Income 2022: -$1,160,2462022

Highlighted filing

2022

Revenue$2,842,471
Expenses$4,002,717
Net Income-$1,160,246

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Aug 31, 2023
Return Version
2022v5.0
Gross Receipts
$3,025,196
Mission and Program Overview

Mission

The organization was formed to support one or more of the organizations listed in the trust agreement, so long as these organizations are in existence and remain an organization described in sections 170(b)(1)(a), 170(c), 2055(a), and 2522(a) of the 1986 irc,

The organization waws formed to support one or more of the organizations listed in the trust agreement, so long as these organizations are in existence and remain and organization described in sections 170(b)(1)(a), 170(c), 2055(a), and 2522(a) or the 1986 irc

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$59,505,781--
Rtn Earn Endowment Incm Other Fnds$3$58,345,538▲ $58,345,535
Investments Other Securities-$57,231,801-
Savings and Temporary Cash Investments$2,002,006$1,109,577▼ $892,429
Investments in Publicly Traded Securities$57,503,778$4,160▼ $57,499,618
Total Assets$59,505,784$58,345,538▼ $1,160,246
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$59,505,784$58,345,538▼ $1,160,246
Total Liabilities and Net Assets / Fund Balance$59,505,784$58,345,538▼ $1,160,246
Compensation and Service Providers

Employees

NameTitleBaseTotal
Wilmingtontrustn aCo-trustee$569,920$569,920

Board Members and Trustees

NameTitle
James H Yocum Co-trusteeCo-trustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$2,842,471
Other Revenue
$0
Change in Net Assets
$-1,160,246
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$3,432,797
Salaries, Compensation, and Employee Benefits$569,920
Other Expenses$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$3,432,797--$3,432,797
Current Officers, Directors, Trustees, and Key Employees$341,952$227,968-$569,920
Total Functional Expenses$3,774,749$227,968$0$4,002,717
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Gettysburg CollegeGettysburg, PA501(c)(3)Scholarship Purposes Only, to Be Awarded by Each Recipient Institution to Such One$381,422
Harvard Graduate SchoolCambridge, MA501(c)(3)Scholarship Purposes Only, to Be Awarded by Each Recipient Institution to Such One$381,422
Lutheran Theological Seminary of PhiladelphiaPhiladelphia, PA501(c)(3)Scholarship Purposes Only, to Be Awarded by Each Recipient Institution to Such One$381,422
Phillips Exeter AcademyExeter, NH501(c)(3)Scholarship Purposes Only, to Be Awarded by Each Recipient Institution to Such One$381,422
Presidentfellows of Harvard College Fbo Harvard CollegeCambridge, MA501(c)(3)Scholarship Purpsoes Only, to Be Awarded by Each Recipient Institution to Such One$381,422
Reading Area Community CollegeReading, PA501(c)(3)Scholarship Purposes Only, to Be Awarded by Each Recipient Institution to Such One$381,422
St Norbert CollegeDepere, WI501(c)(3)Scholarship Purposes Only, to Be Awarded by Each Recipient Institution to Such One$381,422
Valley Forge Military Academy FoundationWayne, PA501(c)(3)Scholarship Purposes Only, to Be Awarded by Each Recipient Institution to Such One$381,422
Yocum Institute for Arts EducationReading, PA501(c)(3)General Purposes, Without Restriction$381,422
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The form 990 is perpared by the institutional trustee's tax department after consultation with the trust officer.

Form 990, Part VI, Section B, Line 12C

This organization is a trust having as its trustee wilmington trust n.a. (wtna). Wtna is a wholly-owned subsidiary of m&t bank corporation (m&t). M&t has a written code of business conduct and ethics to which all employees are subject. Wtc personell are subject to that policy as well as a seperate wtc conflicts of interest policy. All wtc personnel are required to take and sign off on completion of an online course on the m&t code of business conduct.

Form 990, Part VI, Section B, Line 15

The n.a. As trustee receives trustee fees determined by the governing instrument and/or state law.

Form 990, Part VI, Section C, Line 19

Wilmington trust n.a. (wtna) acts as trustee in executing these duties. Wtna is a wholly-owned subsidiary of m&t bank corporation (m&t), and conflicts of m&t officers, directors and key employees are disclosed in the annual report sent to all shareholders and made available on the m&t website. M&t has a written code of business conduct and ethics that is also available on its website at the investor relations link. Financial statements, per se, are not

Form 990, Part VII Contact Addresses for Officers, Directors

Wilmington trust n.a.,one east broad street, suite 510 bethlehem, pa 18018, james h yocum, 920 centre avenue, reading,pa 19601

Form 990, Page 6, Part VI, Line 11-description of Process for Review

N/A

EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 12C

N/A

FORM 990, PAGE 6, PART VI, LINE 15A

N/A

FORM 990, PAGE 6, PART VI, LINE 15B

N/A

Form 990, Page 6, Part VI, Line 19

Wilmington trust company-(302) 651-1942,1100 north market street, wilmington, de 19890-0900

Form 990, Page 7, Part VII, Section A

2

Filing and Contact Details

Filer

Filer Name
Yocum Family Perpetual Charitable Trust
EIN
23-7704439
Phone
3026511942
Address
1100 NORTH MARKET STREET, WILMINGTON, DE 19890-0001

Signing Officer

Name
Wilmington Trust
Title
Vice President
Phone
3026511942
Signed
2023-08-31
Discuss with paid preparer
Yes

Organization Details

Formed
1992
Legal Domicile
Pa
Voting Board Members
2
Independent Board Members
2
Employees
0
Volunteers
2

Preparer

Firm
Ernst & Young US Llp
Address
2100 E CARY ST SUITE 201, RICHMOND, VA 23223
Preparer
Sandra Murphy
Phone
8043446000
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 1, Description of Organization Miss

In such shares and for such charitable purposes as the individual trustee shall direct in a writingdelivered to the corporate trustee.

Explanation for Form 990, Part XI, Line 9

2022 Transaction Posted in 2023, 3,983, 2021 Transactions posted in 2022 18.03

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IRS990ScheduleA/MinimumAssetAmountGrp/FMVOtherNonExemptUseAssetGrp/PriorYearAmt00
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IRS990ScheduleA/MinimumAssetAmountGrp/NetVlNonExemptUseAssetsGrp/PriorYearAmt098079915
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IRS990ScheduleA/MinimumAssetAmountGrp/RecoveriesPYDistriMinAssetGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/TotalFMVOfNonExemptUseAssetGrp/CurrentYearAmt098913102
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IRS990ScheduleA/MinimumAssetAmountGrp/TotalMinimumAssetGrp/PriorYearAmt03432797
IRS990ScheduleA/OtherSupportSumAmt00
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IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt50
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt60
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt70
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0381422
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt2762844
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Gettysburg College
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt1Phillips Exeter Academy
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt2Harvard University
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt3Valley Forge Military Academy College
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt4United Lutheran Theological Seminary
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt5Yocum Institute For Art Education
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt6Reading Area Community College Foundation
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt7St Norbert College
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SCHOLARSHIP PURPOSES ONLY, TO BE AWARDED BY EACH RECIPIENT INSTITUTION TO SUCH ONE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1SCHOLARSHIP PURPOSES ONLY, TO BE AWARDED BY EACH RECIPIENT INSTITUTION TO SUCH ONE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2SCHOLARSHIP PURPOSES ONLY, TO BE AWARDED BY EACH RECIPIENT INSTITUTION TO SUCH ONE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3SCHOLARSHIP PURPOSES ONLY, TO BE AWARDED BY EACH RECIPIENT INSTITUTION TO SUCH ONE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4SCHOLARSHIP PURPSOES ONLY, TO BE AWARDED BY EACH RECIPIENT INSTITUTION TO SUCH ONE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5SCHOLARSHIP PURPOSES ONLY, TO BE AWARDED BY EACH RECIPIENT INSTITUTION TO SUCH ONE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6SCHOLARSHIP PURPOSES ONLY, TO BE AWARDED BY EACH RECIPIENT INSTITUTION TO SUCH ONE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt7SCHOLARSHIP PURPOSES ONLY, TO BE AWARDED BY EACH RECIPIENT INSTITUTION TO SUCH ONE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt8General Purposes, Without Restriction
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0GETTYSBURG COLLEGE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1HARVARD GRADUATE SCHOOL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2LUTHERAN THEOLOGICAL SEMINARY OF PHILADELPHIA
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3PHILLIPS EXETER ACADEMY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4PRESIDENTFELLOWS OF HARVARD COLLEGE FBO HARVARD COLLEGE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5READING AREA COMMUNITY COLLEGE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6ST NORBERT COLLEGE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt7VALLEY FORGE MILITARY ACADEMY FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt8YOCUM INSTITUTE FOR ARTS EDUCATION
IRS990ScheduleI/RecipientTable/RecipientEIN0231352641
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IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0300 N WASHINGTON STREET BOX 2458
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1124 MOUNT AUBURN STREET SUITE 430N
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt27301 GERMANTOWN 20 MAIN STREET MOUN
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt320 MAIN STREET
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IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt6100 GRANT STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt71001 EAGLE ROAD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt81100 BELMONT AVENUE
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IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd4MA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd5PA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd6WI
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IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd8PA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd017325
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IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc2Other
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc3Other
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc4Other
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc5Other
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc6Other
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc7Other
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc8Other
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0NAME OF ORGANIZATION OR GOVERNMENT: GETTYSBURG COLLEGE (H) PURPOSE OF GRANT OR ASSISTANCE: SCHOLARSHIP PURPOSES ONLY, TO BE AWARDED BY EACH RECIPIENT INSITITUION TO SUCH ONE OR MORE OF ITS STUDENTS AS SUCH INSTITUTION DEEMS DESERVING, AFTER APPLYING SUCH CRITERIA AS IT DEEMS APPROPRIATE.
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt1(H) PURPOSE OF GRANT OR ASSISTANCE: SCHOLARSHIP PURPOSES ONLY, TO BE AWARDED BY EACH RECIPIENT INSITITUION TO SUCH ONE OR MORE OF ITS STUDENTS AS SUCH INSTITUTION DEEMS DESERVING, AFTER APPLYING SUCH CRITERIA AS IT DEEMS APPROPRIATE.
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt2LUTHERAN THEOLOGICAL SEMINARY OF PHILADELPHIA (H) PURPOSE OF GRANT OR ASSISTANCE: SCHOLARSHIP PURPOSES ONLY, TO BE AWARDED BY EACH RECIPIENT INSITITUION TO SUCH ONE OR MORE OF ITS STUDENTSASSUCH INSTITUTION DEEMS DESERVING, AFTER APPLYING SUCH CRITERIA AS IT DEEMS APPROPRIATE.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART II, LINE 1, COLUMN (H):

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