Civic Intelligence

Penn State Scholarship Fund

990 • Fiscal year 2024 • EIN 25-1453335

May 01, 2023 to Apr 30, 2024 • Filed on May 28, 2024

Organization ProfileSTATECOLLEGEQBCLUB.COM
120 Founders CourtBoalsburg, PA 16827

(814) 808-6019

Siviq Scores

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

Liabilities / Assets

54th percentile

0.00x

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

2024 filings • 501(c)7 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

54th percentile

0.00x

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

2024 filings • 501(c)7 • <$500k nonprofits • Source year 2024

Net Margin

33rd percentile

-3.1%

Higher net margin than 33% of similar nonprofits.

2024 filings • 501(c)7 • <$500k nonprofits • Source year 2024

Top Officer Pay

95th percentile

$2,450

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

2024 filings • 501(c)7 • <$500k nonprofits • Source year 2024

Asset Growth

17th percentile

-17%

Faster asset growth than 17% of similar nonprofits.

2024 filings • 501(c)7 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

91st percentile

50%

Faster revenue growth than 91% of similar nonprofits.

2024 filings • 501(c)7 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets54th percentile

Assets

Down

$49,206

Down $10,319 (-17%) from 2023

Net Assets

Down

$49,206

Down $10,319 (-17%) from 2023

Liabilities

Flat

$0

Flat from 2023

Revenue And Expenses
Liabilities / Revenue54th percentileNet Margin33rd percentile

Revenue

Up

$334,522

Up $111,352 (+50%) from 2023

Expenses

Up

$344,841

Up $72,021 (+26%) from 2023

Net Income

Up

-$10,319

Up $39,331 (+79%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth17th 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 2024: $49,206Liabilities 2024: $0Net Assets 2024: $49,2062024Assets 2025: $50,460Liabilities 2025: $0Net Assets 2025: $50,4602025

Highlighted filing

2024

Assets$49,206
Liabilities$0
Net Assets$49,206
Open 2024 Filing

Operations Trend

Revenue Growth91st percentile

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

$400K$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 2024: $334,522Expenses 2024: $344,841Net Income 2024: -$10,3192024Revenue 2025: $228,337Expenses 2025: $227,083Net Income 2025: $1,2542025

Highlighted filing

2024

Revenue$334,522
Expenses$344,841
Net Income-$10,319
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
May 1, 2023 to Apr 30, 2024
Signed
May 28, 2024
Return Version
2023v5.0
Gross Receipts
$334,522
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$59,525$49,206▼ $10,319
Total Assets$59,525$49,206▼ $10,319
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$59,525$49,206▼ $10,319
Total Net Assets Fund Balance$59,525$49,206▼ $10,319
Total Liabilities and Net Assets / Fund Balance$59,525$49,206▼ $10,319
Compensation and Service Providers
Top Officer Pay95th percentile

Employees

NameTitleBaseTotal
Steve JonesDirector$2,450$2,450

Board Members and Trustees

NameTitle
John SoureenPresident
Ryan AlbertVice President
William OldseyVice President
Carla JeremiasDirector
Joseph GordonDirector
Ken CutlerDirector
Larry WalkerDirector
Lisa SchroederDirector
Mark ToniattiDirector
Pat KraftDirector
Peter HorstmanDirector
Peter RohrerDirector
Sherry LonsdaleDirector
Susan SteadmanDirector
Vince DadamoDirector
Wally RichardsonDirector
Pati ClicknerSecretary
Robert LevyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$333,275
Investment Income
$1,247
Other Revenue
$0
Change in Net Assets
$-10,319
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$344,841
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$17,241$21,055-$17,241
Total Functional Expenses$323,786$21,055$0$344,841
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
120 FOUNDERS COURT, BOALSBURG, PA 16827
Doing Business As
State College Quarterback Club

Signing Officer

Name
Robert N Levy
Title
Treasurer
Phone
8148086019
Signed
2024-05-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert N Levy
Formed
1941
Legal Domicile
Pa
Voting Board Members
19
Independent Board Members
19
Employees
0
Volunteers
10

Preparer

Firm
Justin Smith CPA Inc
Address
PO BOX 29, BELLEFONTE, PA 16823
Preparer
Justin W Smith
Phone
7176834359
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt337416
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt418975
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0125018
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt194810
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt257000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt337416
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt418975
IRS990/ProgSrvcAccomActy2Grp/Desc0BANQUET HELD TO HONOR MEMBERS OF THE FOOTBALL TEAM THAT ARE GRADUATING.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt07382
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt018975
IRS990/ProgSrvcAccomActy3Grp/Desc0WATCH PARTIES AND RAFFLES HELD DURING FOOTBALL SEASON TO CONNECT MEMBERS TO FOOTBALL PROGRAM.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt09859
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt037416
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0272820
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0223170
IRS990/PYRevenuesLessExpensesAmt0-49650
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0272820
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0223170
IRS990/ReconcilationRevenueExpnssAmt0-10319
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0276884
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/TotalAssetsBOYAmt059525
IRS990/TotalAssetsEOYAmt049206
IRS990/TotalAssetsGrp/BOYAmt059525
IRS990/TotalAssetsGrp/EOYAmt049206
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt021055
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0323786
IRS990/TotalFunctionalExpensesGrp/TotalAmt0344841
IRS990/TotalGrossUBIAmt01247
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt059525
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt049206
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt056
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt056
IRS990/TotalProgramServiceExpensesAmt0323786
IRS990/TotalProgramServiceRevenueAmt0333275
IRS990/TotalReportableCompFromOrgAmt02450
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0333275
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0334522
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt01247
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt059525
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt049206
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0120 FOUNDERS CT
IRS990/USAddress/CityNm0BOALSBURG
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd016827
IRS990/VotingMembersGoverningBodyCnt019
IRS990/VotingMembersIndependentCnt019
IRS990/WebsiteAddressTxt0STATECOLLEGEQBCLUB.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ROBERT N LEVY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum08148086019
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PENN STATE SCHOLARSHIP FUND
ReturnHeader/Filer/BusinessNameControlTxt0PENN
ReturnHeader/Filer/EIN0251453335
ReturnHeader/Filer/PhoneNum08148086019
ReturnHeader/Filer/USAddress/AddressLine1Txt0120 FOUNDERS COURT
ReturnHeader/Filer/USAddress/CityNm0BOALSBURG
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd016827
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0861334755
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JUSTIN SMITH CPA INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 29
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BELLEFONTE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd016823
ReturnHeader/PreparerPersonGrp/PhoneNum07176834359
ReturnHeader/PreparerPersonGrp/PreparationDt02024-05-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JUSTIN W SMITH
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02024-06-17T11:55:01-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ROBERT
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0LEVY
ReturnHeader/TaxPeriodBeginDt02023-05-01

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$49,206
Liabilities
$0
Net assets
$49,206
Revenue
$334,522
Expenses
$344,841
Net income
-$10,319
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
2024Detailed filing. Detailed filing data is available for this year.$0.49$0.00$0.49$3.35$3.45$0.10
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
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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