Civic Intelligence

Allentown School District Foundation

990 • Fiscal year 2019 • EIN 27-0743152

Jul 01, 2018 to Jun 30, 2019 • Filed on Nov 07, 2019

31 South Penn Street PO Box 328Allentown, PA 18105

(484) 765-4247

Siviq Scores

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

Liabilities / Assets

36th percentile

0.00x

Higher debt load relative to assets than 36% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

34th percentile

0.00x

Higher debt load relative to revenue than 34% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

78th percentile

22%

Higher net margin than 78% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

95th percentile

$175,000

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 20.8% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

82nd percentile

29%

Faster asset growth than 82% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

88th percentile

59%

Faster revenue growth than 88% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Up

$873,533

Up $194,491 (+29%) from 2018

Net Assets

Up

$869,375

Up $198,074 (+30%) from 2018

Liabilities

Down

$4,158

Down $3,583 (-46%) from 2018

Revenue

Up

$842,153

Up $311,442 (+59%) from 2018

Expenses

Up

$656,094

Up $221,441 (+51%) from 2018

Net Income

Up

$186,059

Up $90,001 (+94%) from 2018

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $71,326Liabilities 2011: $0Net Assets 2011: $71,3262011Assets 2012: $139,350Liabilities 2012: $0Net Assets 2012: $139,3502012Assets 2013: $169,654Liabilities 2013: $51,566Net Assets 2013: $118,0882013Assets 2015: $545,212Liabilities 2015: $8,760Net Assets 2015: $536,4522015Assets 2016: $617,485Liabilities 2016: $4,047Net Assets 2016: $613,4382016Assets 2017: $562,628Liabilities 2017: $10,016Net Assets 2017: $552,6122017Assets 2018: $679,042Liabilities 2018: $7,741Net Assets 2018: $671,3012018Assets 2019: $873,533Liabilities 2019: $4,158Net Assets 2019: $869,3752019Assets 2020: $1,259,742Liabilities 2020: $25,737Net Assets 2020: $1,234,0052020Assets 2021: $1,280,368Liabilities 2021: $26,180Net Assets 2021: $1,254,1882021Assets 2022: $1,250,624Liabilities 2022: $5,580Net Assets 2022: $1,245,0442022Assets 2023: $1,333,464Liabilities 2023: $2,089Net Assets 2023: $1,331,3752023Assets 2024: $1,494,392Liabilities 2024: $1,506Net Assets 2024: $1,492,8862024Assets 2025: $1,622,312Liabilities 2025: $2,805Net Assets 2025: $1,619,5072025

Highlighted filing

2019

Assets$873,533
Liabilities$4,158
Net Assets$869,375

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $31,0712011Expenses 2012: $79,0772012Expenses 2013: $97,3622013Revenue 2015: $377,397Expenses 2015: $316,442Net Income 2015: $60,9552015Revenue 2016: $391,388Expenses 2016: $314,402Net Income 2016: $76,9862016Revenue 2017: $492,800Expenses 2017: $553,626Net Income 2017: -$60,8262017Revenue 2018: $530,711Expenses 2018: $434,653Net Income 2018: $96,0582018Revenue 2019: $842,153Expenses 2019: $656,094Net Income 2019: $186,0592019Revenue 2020: $927,404Expenses 2020: $573,828Net Income 2020: $353,5762020Revenue 2021: $2,746,450Expenses 2021: $2,733,906Net Income 2021: $12,5442021Revenue 2022: $701,523Expenses 2022: $599,119Net Income 2022: $102,4042022Revenue 2023: $586,682Expenses 2023: $525,313Net Income 2023: $61,3692023Revenue 2024: $524,154Expenses 2024: $443,148Net Income 2024: $81,0062024Revenue 2025: $571,614Expenses 2025: $491,497Net Income 2025: $80,1172025

Highlighted filing

2019

Revenue$842,153
Expenses$656,094
Net Income$186,059
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Nov 7, 2019
Return Version
2018v3.1
Gross Receipts
$886,982
Mission and Program Overview

Mission

The mission of the foundation is to encourage, promote and support innovative educational experiences for students in the allentown school district.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$269,750$459,103▲ $189,353
Investments Program Related$409,292$411,589▲ $2,297
Pledges and Grants Receivable-$2,841-
Total Assets$679,042$873,533▲ $194,491
Liabilities
Accounts Payable and Accrued Expenses$7,741$4,158▼ $3,583
Total Liabilities$7,741$4,158▼ $3,583
Net Assets / Fund Balance
Unrestricted Net Assets$379,093$538,304▲ $159,211
Permanently Rstr Net Assets$253,630$331,071▲ $77,441
Temporarily Rstr Net Assets$38,578--
Total Net Assets Fund Balance$671,301$869,375▲ $198,074
Total Liabilities and Net Assets / Fund Balance$679,042$873,533▲ $194,491

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$411,589--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$398,586-▲ $17,032$12,025$403,593
2017$381,065$11,535▲ $26,273$20,287$398,586
2016$364,396-▲ $27,651$10,982$381,065
2015$355,021$14,248▲ $2,367$7,240$364,396
2014$310,561$52,995▲ $5,846$14,381$355,021
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Susan WilliamsExecutive DirectorFT$47,031$47,031

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$754,911
Program Service Revenue
$0
Investment Income
$9,573
Other Revenue
$77,669
All Other Contributions
$754,911
Change in Net Assets
$186,059

Audited Revenue Reconciliation

Revenue per Audited Statements
$842,153
Revenue Not Reported on Form 990
$56,844
Total Revenue per Audited Statements
$898,997
Total Revenue per Form 990
$842,153
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$352,958
Other Expenses$185,298
Salaries, Compensation, and Employee Benefits$117,838
Total Fundraising Expense$29,078
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$263,946--$263,946
Grants to Domestic Individuals$89,012--$89,012
Fees for Services Other$70,050--$70,050
Other Expenses$61,227$2,747$116$64,090
Other Salaries and Wages$33,391$28,823-$62,214
Current Officers, Directors, Trustees, and Key Employees$15,505$15,505$16,021$47,031
Payroll Taxes$3,846$3,487$1,260$8,593
All Other Expenses$8,155--$8,155
Fees for Services Accounting-$6,769-$6,769
Information Technology$850-$4,176$5,026
Insurance-$4,617-$4,617
Occupancy$2,650--$2,650
Travel$171$2,424-$2,595
Conferences and Meetings$284$1,857-$2,141
Office Expenses-$1,471-$1,471
Total Functional Expenses$556,653$70,363$29,078$656,094

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$700,923
Expenses per Audited Statements$656,094
Total Expenses per Form 990$656,094
Expenses Not Reported on Form 990$44,829
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Allentown School DistrictAllentown, PA501c3Educational$263,946
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$122,498
Fundraising Direct Expenses$44,829
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
High Notes Gala$119,460$119,460$9,072$110,388
Total Events$119,460$119,460$44,829$74,631
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
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
Yes
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

Form 990 will be presented to the boards finance committee for review and editing if necessary. Form 990 will then be distributed to the entire board of directors for its review and comments.

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

The foundations board of directors reviews the conflict of interest policy at its annual board meeting in june. After the election of new board members, all of them are required to sign the conflict of interest policy. When meeting a prospective board member, the governance committee representative will explain to that individual that signing the conflict of interest policy is required to serve as a board member.

Form 990, Part VI, Section B, Line 15A

The executive committee of the board of directors determined compensation for all employees of the foundation.

Filing and Contact Details

Filer

Filer Name
Allentown School District Foundation
EIN
27-0743152
Phone
4847654247
Address
31 SOUTH PENN STREET PO BOX 328, ALLENTOWN, PA 18105

Signing Officer

Name
Joshua Dodd
Title
Treasurer
Signed
2019-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joshua Dodd
Formed
2009
Legal Domicile
Pa
Voting Board Members
21
Independent Board Members
19
Employees
3
Volunteers
280

Preparer

Firm
Merendino Accounting and Tax Services
Address
2767 OHIO STREET, EASTON, PA 18045
Preparer
Lee a Merendino CPA
Phone
6105595106
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Other fees for services 70,050. Of that balance 8,298 represent payments to artists in residence, dance instructors, and music teachers for student programs. The balance of 61,752 was paid for the same programs but to outside contractors not affiliated with the allentown school district.

Financial Statement Notes

X 2

The preparation of the 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. Management has performed their evaluation and believes there are no unrecognized tax positions that are required to be disclosed. The foundations policy is to classify income tax related interest and penalties, if any, in interest expense and other expenses, respectively.

V 4

The intended use of the endowment funds is to provide scholarships.

XI 2D

Direct expenses from fundraising events

XII 2D

Direct expenses from fundraising events

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IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt19PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt20VICE-PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt21SECRETARY
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IRS990/MissionDesc0THE MISSION OF THE FOUNDATION IS TO ENCOURAGE, PROMOTE AND SUPPORT INNOVATIVE EDUCATIONAL EXPERIENCES FOR STUDENTS IN THE ALLENTOWN SCHOOL DISTRICT.
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IRS990/ProgSrvcAccomActy2Grp/Desc0ENDOWED, ANNUAL EXPENDABLE AND ONE-TIME SCHOLARSHIPS ARE FINANCIAL STIPENDS AWARDED BY THE ALLENTOWN SCHOOL DISTRICT FOUNDATION ASDF TO GRADUATING STUDENTS TO PAY FOR POST-SECONDARY EDUCATION. WHILE THE SCHOLARSHIP IS AWARDED TO THE STUDENT, THE FUNDS ARE PAID BY THE ASDF DIRECTLY TO THE POST-SECONDARY INSTITUTION TO BE CREDITED TO THE STUDENTS ACCOUNT. TO INSURE AWARDABILITY, NO MORE THAN TWO CRITERIA BEYOND HIGH SCHOOL DESIGNATION ARE USED IN DETERMINING SCHOLARSHIP RECIPIENTS MAY BE SET. THE SELECTION PROCESS IS AT THE DISCRETION OF THE BUILDING PRINCIPAL. WHILE DONORS MAY DETERMINE ELIGIBILITY CRITERIA, DONORS MAY NOT BE INVOLVED IN THE SELECTION OF INDIVIDUAL SCHOLARSHIP RECIPIENTS. THE ASDF NOR ITS BOARD MEMBERS MAY BE INVOLVED IN ANY SELECTION PROCESS. A MINIMUM OF 10,000 IN GIFTS IS REQUIRED FOR A CONTRIBUTION TO BE CONSIDERED AN ENDOWED SCHOLARSHIP.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.62$0.00$1.62$0.57$0.49$0.08
2024Detailed filing. Detailed filing data is available for this year.$1.49$0.00$1.49$0.52$0.44$0.08
2023Detailed filing. Detailed filing data is available for this year.$1.33$0.00$1.33$0.59$0.53$0.06
2022Detailed filing. Detailed filing data is available for this year.$1.25$0.01$1.25$0.70$0.60$0.10
2021Detailed filing. Detailed filing data is available for this year.$1.28$0.03$1.25$2.75$2.73$0.01
2020Detailed filing. Detailed filing data is available for this year.$1.26$0.03$1.23$0.93$0.57$0.35
2019Detailed filing. Detailed filing data is available for this year.$0.87$0.00$0.87$0.84$0.66$0.19
2018Detailed filing. Detailed filing data is available for this year.$0.68$0.01$0.67$0.53$0.43$0.10
2017Detailed filing. Detailed filing data is available for this year.$0.56$0.01$0.55$0.49$0.55$0.06
2016Detailed filing. Detailed filing data is available for this year.$0.62$0.00$0.61$0.39$0.31$0.08
2015Detailed filing. Detailed filing data is available for this year.$0.55$0.01$0.54$0.38$0.32$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.17$0.05$0.12$0.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.14$0.00$0.14$0.08
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.07$0.00$0.07$0.03