Civic Intelligence

Chambersburg Area School District Foundation

990 • Fiscal year 2016 • EIN 25-1728874

Jul 01, 2015 to Jun 30, 2016 • Filed on Dec 07, 2016

435 Stanley AvenueChambersburg, PA 17201

(717) 263-9281

Siviq Scores

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

Liabilities / Assets

48th percentile

0.09x

Higher debt load relative to assets than 48% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

86th percentile

1.17x

Higher debt load relative to revenue than 86% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

11th percentile

-30%

Higher net margin than 11% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

56th percentile

$75,475

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 33.2% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

33rd percentile

-2.4%

Faster asset growth than 33% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

4th percentile

-61%

Faster revenue growth than 4% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$2,961,392

Down $72,285 (-2.4%) from 2015

Net Assets

Down

$2,694,739

Down $114,806 (-4.1%) from 2015

Liabilities

Up

$266,653

Up $42,521 (+19%) from 2015

Revenue

Down

$227,092

Down $358,349 (-61%) from 2015

Expenses

Down

$294,413

Down $83,715 (-22%) from 2015

Net Income

Down

-$67,321

Down $274,634 (-132%) from 2015

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2012: $1,534,019Liabilities 2012: $133,501Net Assets 2012: $1,400,5182012Assets 2013: $2,191,897Liabilities 2013: $141,450Net Assets 2013: $2,050,4472013Assets 2014: $2,875,839Liabilities 2014: $185,556Net Assets 2014: $2,690,2832014Assets 2015: $3,033,677Liabilities 2015: $224,132Net Assets 2015: $2,809,5452015Assets 2016: $2,961,392Liabilities 2016: $266,653Net Assets 2016: $2,694,7392016Assets 2017: $3,066,807Liabilities 2017: $272,528Net Assets 2017: $2,794,2792017Assets 2018: $3,070,738Liabilities 2018: $277,635Net Assets 2018: $2,793,1032018Assets 2019: $3,039,909Liabilities 2019: $257,883Net Assets 2019: $2,782,0262019Assets 2020: $2,912,160Liabilities 2020: $299,773Net Assets 2020: $2,612,3872020Assets 2021: $3,380,248Liabilities 2021: $252,535Net Assets 2021: $3,127,7132021Assets 2022: $2,973,024Liabilities 2022: $160,890Net Assets 2022: $2,812,1342022Assets 2023: $3,076,182Liabilities 2023: $177,059Net Assets 2023: $2,899,1232023Assets 2024: $3,760,571Liabilities 2024: $140,458Net Assets 2024: $3,620,1132024

Highlighted filing

2016

Assets$2,961,392
Liabilities$266,653
Net Assets$2,694,739

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2012: $225,3512012Expenses 2013: $235,5832013Revenue 2014: $787,242Expenses 2014: $319,068Net Income 2014: $468,1742014Revenue 2015: $585,441Expenses 2015: $378,128Net Income 2015: $207,3132015Revenue 2016: $227,092Expenses 2016: $294,413Net Income 2016: -$67,3212016Revenue 2017: $223,298Expenses 2017: $254,426Net Income 2017: -$31,1282017Revenue 2018: $182,347Expenses 2018: $251,093Net Income 2018: -$68,7462018Revenue 2019: $294,008Expenses 2019: $288,390Net Income 2019: $5,6182019Revenue 2020: $262,317Expenses 2020: $308,582Net Income 2020: -$46,2652020Revenue 2021: $331,566Expenses 2021: $259,708Net Income 2021: $71,8582021Revenue 2022: $465,248Expenses 2022: $243,029Net Income 2022: $222,2192022Revenue 2023: $288,431Expenses 2023: $325,155Net Income 2023: -$36,7242023Revenue 2024: $574,594Expenses 2024: $380,467Net Income 2024: $194,1272024

Highlighted filing

2016

Revenue$227,092
Expenses$294,413
Net Income-$67,321
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Dec 7, 2016
Return Version
2015v3.0
Gross Receipts
$827,526
Mission and Program Overview

Mission

To provide additional educational assistance in the form of scholarships and educational grants.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,645,354$2,606,907▼ $38,447
Cash and Non-Interest-Bearing Accounts$37,683$44,319▲ $6,636
Land, Buildings, and Equipment, Net$1,999$1,496▼ $503
Total Assets$3,033,677$2,961,392▼ $72,285
Other Assets Total$348,641$308,670▼ $39,971
Liabilities
Other Liabilities$173,982$224,149▲ $50,167
Grants Payable$30,931$21,756▼ $9,175
Accounts Payable and Accrued Expenses$19,219$20,748▲ $1,529
Total Liabilities$224,132$266,653▲ $42,521
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,658,062$1,655,477▼ $2,585
Permanently Rstr Net Assets$800,981$767,968▼ $33,013
Unrestricted Net Assets$350,502$271,294▼ $79,208
Total Net Assets Fund Balance$2,809,545$2,694,739▼ $114,806
Total Liabilities and Net Assets / Fund Balance$3,033,677$2,961,392▼ $72,285

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,496$1,016$2,512
Other Assets Org$308,670--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$2,043,359$45,774▲ $101,121$-65,544$2,043,210
2014$1,622,548$510,745▲ $55,108$-6,000$2,043,359
2013$1,126,712$329,700▲ $179,264-$1,622,548
2012$424,356$684,980▲ $42,167-$1,126,712
2011$325,820$119,079▲ $3,828-$424,356
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Angela LynchExecutive DiFT$75,475$75,475

Board Members and Trustees

NameTitle
Dr Eric MichaelPresident
Barb MontgomeryDirector
C Frank FrameDirector
David UnruhDirector
Dr Michael BoryanDirector
George FikeDirector
Jim ProbstDirector
Lisbeth LukaDirector
Marilyn SmallSecretary
Steve DartTreasurer
Diane SulcoveVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$92,123
Program Service Revenue
$0
Investment Income
$109,895
Other Revenue
$25,074
All Other Contributions
$92,123
Change in Net Assets
$-67,321

Audited Revenue Reconciliation

Revenue per Audited Statements
$242,062
Revenue Not Reported on Financial Statements
$-14,970
Revenue Not Reported on Form 990
$-47,485
Other Revenue Adjustments
$-14,970
Total Revenue per Audited Statements
$194,577
Total Revenue per Form 990
$227,092
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$142,303
Other Expenses$78,331
Salaries, Compensation, and Employee Benefits$73,779
Total Fundraising Expense$16,115
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$141,948--$141,948
Current Officers, Directors, Trustees, and Key Employees$47,956$11,067$14,756$73,779
Fees for Services Accounting-$18,395-$18,395
Fees for Service Investment Mgmnt Fees-$15,691-$15,691
Office Expenses$5,668$1,283$1,284$8,235
Travel$1,290--$1,290
Insurance-$1,200-$1,200
All Other Expenses$26$609$75$710
Other Expenses$25,548$529-$529
Depreciation Depletion$502--$502
Conferences and Meetings-$469-$469
Grants to Domestic Orgs$355--$355
Interest-$171-$171
Total Functional Expenses$223,293$55,005$16,115$294,413

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$309,383
Expenses per Audited Statements$294,413
Total Expenses per Form 990$294,413
Expenses Not Reported on Form 990$14,970
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$39,640
Fundraising Direct Expenses$14,970
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$29,095$29,095$10,483$18,612
Autism Walk$10,545$10,545$4,487$6,058
Total Events$39,640$39,640$14,970$24,670
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Scholarships Payable$222,934
Pass Through Funds Payable$1,215
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
No
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, Page 6, Part VI, Line 11B

A copy of the 990 is being provided at a board meeting for approval prior to filing.

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

The board regularly reviews the policies for potential conflicts.

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

The executive director works on a contractual basis for the foundation. Her annual salary is reviewed by the independent board and annual increases are discussed and approved by the board.

Form 990, Page 6, Part VI, Line 19

Documents are made available upon request

Filing and Contact Details

Filer

Filer Name
Chambersburg Area School District
EIN
25-1728874
Phone
7172639281
Address
435 STANLEY AVENUE, CHAMBERSBURG, PA 17201

Signing Officer

Name
Steve Dart
Title
Treasurer
Phone
7172613313
Signed
2016-12-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Angela Lynch
Formed
1994
Legal Domicile
Pa
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
50

Preparer

Firm
Rotz & Stonesifer Pc
Address
1134 KENNEBEC DRIVE, CHAMBERSBURG, PA 17201-2809
Preparer
Michael Buhrman CPA
Phone
7172645961
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Unrealized gains on perpetual trusts held by third parties -29,304 special event expenses 14,970 special event expenses -14,970 total -29,304

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

Unrealized gains on perpetual trusts held by third parties -29,304

Schedule D, Page 4, Part XI, Line 4B

Special event expenses -14,970

Schedule D, Page 4, Part XII, Line 2D

Special event expenses 14,970

Raw XML AppendixShowing 400 of 506 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/OtherExpensesGrp/Desc1PROFESSIONAL DEVELOPMENT
IRS990/OtherExpensesGrp/Desc2DUES, BOOKS, & JOURNALS
IRS990/OtherExpensesGrp/Desc3MARKETING EXPENSE
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11916
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2529
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IRS990/OtherExpensesGrp/TotalAmt21916
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IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
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IRS990/PYTotalRevenueAmt0585441
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IRS990/RelatedEntityInd0false
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS INCOME 4,186
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt049607
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0143602
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt023099
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt026048
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IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt010545
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IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt092123
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt086079
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0293683
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt049607
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0143602
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0665094
IRS990ScheduleA/TotalSupportAmt0888120
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt045774
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt02043210
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0-68775
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0101121
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0-65544
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt0-12047
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01622548
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0510745
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt02043359
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0-126995
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt055108
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt0-6000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0-8278
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01126712
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IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt0-4850
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0PERPETUAL TRUSTS HELD BY 3RD PARTIES
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0222934
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11215
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SCHOLARSHIPS PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PASS THROUGH FUNDS PAYABLE
IRS990ScheduleD/OtherRevenueAmt0-29304
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-14970
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.76700
IRS990ScheduleD/RevenueNotReportedAmt0-47485
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-14970
IRS990ScheduleD/RevenueSubtotalAmt0242062
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0UNREALIZED GAINS ON PERPETUAL TRUSTS HELD BY THIRD PARTIES -29,304
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SPECIAL EVENT EXPENSES -14,970
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2SPECIAL EVENT EXPENSES 14,970
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 4B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.22500
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IRS990ScheduleD/TotalRevenuePerForm990Amt0227092
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0194577
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0309383
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt014970
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF TOURNAMENT
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0AUTISM WALK
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt010545
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.76$0.14$3.62$0.57$0.38$0.19
2023Detailed filing. Detailed filing data is available for this year.$3.08$0.18$2.90$0.29$0.33$0.04
2022Detailed filing. Detailed filing data is available for this year.$2.97$0.16$2.81$0.47$0.24$0.22
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.38$0.25$3.13$0.33$0.26$0.07
2020Detailed filing. Detailed filing data is available for this year.$2.91$0.30$2.61$0.26$0.31$0.05
2019Detailed filing. Detailed filing data is available for this year.$3.04$0.26$2.78$0.29$0.29$0.01
2018Detailed filing. Detailed filing data is available for this year.$3.07$0.28$2.79$0.18$0.25$0.07
2017Detailed filing. Detailed filing data is available for this year.$3.07$0.27$2.79$0.22$0.25$0.03
2016Detailed filing. Detailed filing data is available for this year.$2.96$0.27$2.69$0.23$0.29$0.07
2015Detailed filing. Detailed filing data is available for this year.$3.03$0.22$2.81$0.59$0.38$0.21
2014Detailed filing. Detailed filing data is available for this year.$2.88$0.19$2.69$0.79$0.32$0.47
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.19$0.14$2.05$0.24
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.53$0.13$1.40$0.23