Civic Intelligence

Penn State Scholarship Fund

990 • Fiscal year 2021 • EIN 25-1453335

May 01, 2020 to Apr 30, 2021 • Filed on Jan 10, 2022

Organization ProfileSTATECOLLEGEQBCLUB.COM
431 Science Park Road No 302State College, PA 16803

(814) 808-6019

Siviq Scores

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

Liabilities / Assets

52nd percentile

0.00x

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

2021 filings • 501(c)7 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

52nd percentile

0.00x

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

2021 filings • 501(c)7 • <$500k nonprofits • Source year 2021

Net Margin

5th percentile

-86%

Higher net margin than 5% of similar nonprofits.

2021 filings • 501(c)7 • <$500k nonprofits • Source year 2021

Top Officer Pay

94th percentile

$1,575

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 3.4% of source-year revenue.

2021 filings • 501(c)7 • <$500k nonprofits • Source year 2021

Asset Growth

6th percentile

-46%

Faster asset growth than 6% of similar nonprofits.

2021 filings • 501(c)7 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

5th percentile

-79%

Faster revenue growth than 5% of similar nonprofits.

2021 filings • 501(c)7 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets52nd percentile

Assets

Down

$46,726

Down $39,848 (-46%) from 2020

Net Assets

Down

$46,726

Down $39,848 (-46%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / Revenue52nd percentileNet Margin5th percentile

Revenue

Down

$46,445

Down $178,239 (-79%) from 2020

Expenses

Down

$86,293

Down $135,795 (-61%) from 2020

Net Income

Down

-$39,848

Down $42,444 (-1635%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth6th percentile

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

$150K$100K$50K$0Assets 2011: $73,419Liabilities 2011: $0Net Assets 2011: $73,4192011Assets 2013: $60,203Liabilities 2013: $0Net Assets 2013: $60,2032013Assets 2014: $69,540Liabilities 2014: $0Net Assets 2014: $69,5402014Assets 2015: $54,624Liabilities 2015: $0Net Assets 2015: $54,6242015Assets 2016: $67,555Liabilities 2016: $0Net Assets 2016: $67,5552016Assets 2017: $37,837Liabilities 2017: $0Net Assets 2017: $37,8372017Assets 2018: $92,701Liabilities 2018: $0Net Assets 2018: $92,7012018Assets 2020: $86,574Liabilities 2020: $0Net Assets 2020: $86,5742020Assets 2021: $46,726Liabilities 2021: $0Net Assets 2021: $46,7262021Assets 2022: $109,175Liabilities 2022: $0Net Assets 2022: $109,1752022Assets 2023: $59,525Liabilities 2023: $0Net Assets 2023: $59,5252023Assets 2025: $50,460Liabilities 2025: $0Net Assets 2025: $50,4602025

Highlighted filing

2021

Assets$46,726
Liabilities$0
Net Assets$46,726
Open 2021 Filing

Operations Trend

Revenue Growth5th percentile

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

$300K$200K$100K$0-$100KRevenue 2011: $145,190Expenses 2011: $136,511Net Income 2011: $8,6792011Revenue 2013: $164,910Expenses 2013: $167,543Net Income 2013: -$2,6332013Revenue 2014: $186,272Expenses 2014: $176,935Net Income 2014: $9,3372014Revenue 2015: $156,084Expenses 2015: $171,000Net Income 2015: -$14,9162015Revenue 2016: $179,626Expenses 2016: $166,695Net Income 2016: $12,9312016Revenue 2017: $187,030Expenses 2017: $216,748Net Income 2017: -$29,7182017Revenue 2018: $243,337Expenses 2018: $188,473Net Income 2018: $54,8642018Revenue 2020: $224,684Expenses 2020: $222,088Net Income 2020: $2,5962020Revenue 2021: $46,445Expenses 2021: $86,293Net Income 2021: -$39,8482021Revenue 2022: $161,210Expenses 2022: $98,761Net Income 2022: $62,4492022Revenue 2023: $223,170Expenses 2023: $272,820Net Income 2023: -$49,6502023Revenue 2025: $228,337Expenses 2025: $227,083Net Income 2025: $1,2542025

Highlighted filing

2021

Revenue$46,445
Expenses$86,293
Net Income-$39,848
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
May 1, 2020 to Apr 30, 2021
Signed
Jan 10, 2022
Return Version
2020v4.1
Gross Receipts
$46,445
Mission and Program Overview

Mission

Provide scholarship assistance through the penn state athletic department via the state college quarterback club academic enhancement fund for football, as well as to host the annual penn state football banquet.

Provide scholarship assistance to the penn state athletic department and football program by hosting weekly luncheons and year end banquet.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$86,574$46,726▼ $39,848
Total Assets$86,574$46,726▼ $39,848
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$86,574$46,726▼ $39,848
Total Net Assets Fund Balance$86,574$46,726▼ $39,848
Total Liabilities and Net Assets / Fund Balance$86,574$46,726▼ $39,848
Compensation and Service Providers
Top Officer Pay94th percentile

Employees

NameTitleBaseTotal
Steve JonesDirector$1,575$1,575

Board Members and Trustees

NameTitle
Joseph GordonPresident
Mark ToniattiVice President
Carla JeremiasDirector
David RichardsDirector
Herb GravesDirector
John SoureenDirector
Larry WalkerDirector
Lisa SchroederDirector
Pati ClicknerDirector
Paul TomczukDirector
Pete HorstmanDirector
Peter RohrerDirector
Phil SiegDirector
Rodney FletcherDirector
Vince DadamoDirector
Wally RichardsonDirector
Wayne PaliciaDirector
Jodi PringleSecretary
Robert LevyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$46,440
Investment Income
$5
Other Revenue
$0
Change in Net Assets
$-39,848
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$86,293
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$1,575$1,836-$1,575
Total Functional Expenses$84,457$1,836$0$86,293
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The form 990 is reviewed and approved by the board of directors prior to filing with the internal revenue service. The final form 990, as filed with the internal revenue service, is available to the board of directors.”

Form 990, Part VI, Section C, Line 19

“The organization will make these documents available upon request at their office.”

Filing and Contact Details

Filer

Filer Name
Penn State Scholarship Fund
EIN
25-1453335
Phone
8148086019
Address
431 SCIENCE PARK ROAD NO 302, STATE COLLEGE, PA 16803
Doing Business As
State College Quarterback Club

Signing Officer

Name
Roberty Levy
Title
Treasurer
Phone
8148086019
Signed
2022-01-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert N Levy
Formed
1941
Legal Domicile
Pa
Voting Board Members
20
Independent Board Members
20
Employees
0
Volunteers
0

Preparer

Firm
Justin W Smith CPA
Address
PO BOX 29, BELLEFONTE, PA 16823
Preparer
Justin W Smith
Phone
7176834359
Raw XML Appendix390 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.

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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt15500
IRS990/ProgSrvcAccomActy2Grp/Desc0BANQUET HELD TO HONOR MEMBERS OF THE FOOTBALL TEAM THAT ARE GRADUATING. BECAUSE OF COVID-19, NO IN-PERSON BANQUET WAS HELD THIS YEAR. THE TEAM HONORED ITS OWN IN A PRIVATE FUNCTION AND THE CLUB PROVIDED THE AWARDS AS PER USUAL.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt05243
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt05500
IRS990/ProgSrvcAccomActyOtherGrp/Desc0SUMMER SOCIAL - NOT HELD IN 2020 BECAUSE OF COVID-19
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt04
IRS990/PYOtherExpensesAmt0222088
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0224680
IRS990/PYRevenuesLessExpensesAmt02596
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0222088
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0224684
IRS990/ReconcilationRevenueExpnssAmt0-39848
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt040940
IRS990/ScheduleBRequiredInd00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. THE FINAL FORM 990, AS FILED WITH THE INTERNAL REVENUE SERVICE, IS AVAILABLE TO THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION WILL MAKE THESE DOCUMENTS AVAILABLE UPON REQUEST AT THEIR OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt086574
IRS990/TotalAssetsEOYAmt046726
IRS990/TotalAssetsGrp/BOYAmt086574
IRS990/TotalAssetsGrp/EOYAmt046726
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01836
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt084457
IRS990/TotalFunctionalExpensesGrp/TotalAmt086293
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt086574
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt046726
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt084457
IRS990/TotalProgramServiceRevenueAmt046440
IRS990/TotalReportableCompFromOrgAmt01575
IRS990/TotalRevenueGrp/ExclusionAmt05
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt046440
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt046445
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt086574
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt046726
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0120 FOUNDERS CT
IRS990/USAddress/CityNm0BOALSBURG
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd016827
IRS990/VotingMembersGoverningBodyCnt020
IRS990/VotingMembersIndependentCnt020
IRS990/WebsiteAddressTxt0STATECOLLEGEQBCLUB.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ROBERTY LEVY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum08148086019
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-01-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PENN STATE SCHOLARSHIP FUND
ReturnHeader/Filer/BusinessNameControlTxt0PENN
ReturnHeader/Filer/EIN0251453335
ReturnHeader/Filer/PhoneNum08148086019
ReturnHeader/Filer/USAddress/AddressLine1Txt0431 SCIENCE PARK ROAD NO 302
ReturnHeader/Filer/USAddress/CityNm0STATE COLLEGE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd016803
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0861334755
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JUSTIN W SMITH CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 29
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BELLEFONTE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd016823
ReturnHeader/PreparerPersonGrp/PhoneNum07176834359
ReturnHeader/PreparerPersonGrp/PreparationDt02022-01-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JUSTIN W SMITH
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02022-01-10T13:18:56-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ROBERTY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0LEVY
ReturnHeader/TaxPeriodBeginDt02020-05-01
ReturnHeader/TaxPeriodEndDt02021-04-30
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$46,726
Liabilities
$0
Net assets
$46,726
Revenue
$46,445
Expenses
$86,293
Net income
-$39,848
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.50$0.00$0.50$2.28$2.27$0.01
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.60$0.00$0.60$2.23$2.73$0.50
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.09$0.00$1.09$1.61$0.99$0.62
2021Detailed filing. Detailed filing data is available for this year.$0.47$0.00$0.47$0.46$0.86$0.40
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.87$0.00$0.87$2.25$2.22$0.03
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.93$0.00$0.93$2.43$1.88$0.55
2017Detailed filing. Detailed filing data is available for this year.$0.38$0.00$0.38$1.87$2.17$0.30
2016Detailed filing. Detailed filing data is available for this year.$0.68$0.00$0.68$1.80$1.67$0.13
2015Detailed filing. Detailed filing data is available for this year.$0.55$0.00$0.55$1.56$1.71$0.15
2014Detailed filing. Detailed filing data is available for this year.$0.70$0.00$0.70$1.86$1.77$0.09
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.60$0.00$0.60$1.65$1.68$0.03
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.73$0.00$0.73$1.45$1.37$0.09