Civic Intelligence

Allentown School District Foundation

990 • Fiscal year 2021 • EIN 27-0743152

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 04, 2021

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

0.02x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

25th percentile

0.01x

Higher debt load relative to revenue than 25% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

27th percentile

0.5%

Higher net margin than 27% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

50th percentile

$57,531

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 2.1% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

32nd percentile

1.6%

Faster asset growth than 32% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

93rd percentile

196%

Faster revenue growth than 93% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$1,280,368

Up $20,626 (+1.6%) from 2020

Net Assets

Up

$1,254,188

Up $20,183 (+1.6%) from 2020

Liabilities

Up

$26,180

Up $443 (+1.7%) from 2020

Revenue

Up

$2,746,450

Up $1,819,046 (+196%) from 2020

Expenses

Up

$2,733,906

Up $2,160,078 (+376%) from 2020

Net Income

Down

$12,544

Down $341,032 (-96%) from 2020

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

2021

Assets$1,280,368
Liabilities$26,180
Net Assets$1,254,188

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

2021

Revenue$2,746,450
Expenses$2,733,906
Net Income$12,544
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 4, 2021
Return Version
2020v4.1
Gross Receipts
$2,756,681
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.

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$833,742$717,454▼ $116,288
Investments Program Related$415,460$558,224▲ $142,764
Pledges and Grants Receivable$10,540$4,690▼ $5,850
Total Assets$1,259,742$1,280,368▲ $20,626
Liabilities
Unsecured Notes Loans Payable$21,100$21,150▲ $50
Accounts Payable and Accrued Expenses$4,637$5,030▲ $393
Total Liabilities$25,737$26,180▲ $443
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$694,767$771,790▲ $77,023
Net Assets With Donor Restrictions$539,238$482,398▼ $56,840
Total Net Assets Fund Balance$1,234,005$1,254,188▲ $20,183
Total Liabilities and Net Assets / Fund Balance$1,259,742$1,280,368▲ $20,626

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$558,224--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$409,008$59,800▲ $108,022$23,858$552,972
2019$403,593-▲ $17,659$12,244$409,008
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Susan WilliamsExecutive DirectorFT$57,531$57,531

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$2,583,073
Program Service Revenue
$0
Investment Income
$102,306
Other Revenue
$61,071
All Other Contributions
$2,561,973
Change in Net Assets
$12,544

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,746,450
Revenue Not Reported on Form 990
$17,870
Total Revenue per Audited Statements
$2,764,320
Total Revenue per Form 990
$2,746,450
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,570,052
Salaries, Compensation, and Employee Benefits$123,997
Other Expenses$39,857
Total Fundraising Expense$31,338
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,404,393--$2,404,393
Grants to Domestic Individuals$165,659--$165,659
Current Officers, Directors, Trustees, and Key Employees$22,014$26,768$19,233$68,015
Other Salaries and Wages$23,055$23,055-$46,110
Payroll Taxes$3,949$3,455$2,468$9,872
Other Expenses$6,849$910$5,254$7,759
Fees for Services Accounting-$6,925-$6,925
Information Technology--$4,276$4,276
Insurance-$4,216-$4,216
Fees for Services Other$2,261--$2,261
Travel-$1,921-$1,921
Advertising-$1,619-$1,619
Office Expenses-$1,348-$1,348
Conferences and Meetings-$859-$859
Total Functional Expenses$2,631,138$71,430$31,338$2,733,906

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,744,137
Expenses per Audited Statements$2,733,906
Total Expenses per Form 990$2,733,906
Expenses Not Reported on Form 990$10,231
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Allentown School DistrictAllentown, PA501c3Educational$2,404,393
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$71,302
Fundraising Direct Expenses$10,231
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
High Notes Gala$69,525$69,525$10,231$59,294
Total Events$69,525$69,525$10,231$59,294
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 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

Form 990 will be presented to the boards finance committee for review and editng 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
Phone
6109738186
Signed
2021-11-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joshua Dodd
Formed
2009
Legal Domicile
Pa
Voting Board Members
18
Independent Board Members
17
Employees
3
Volunteers
50

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 III, Line 2

The foundation received a covid-19 conduit grant from lehigh county. The funds were provided to the allentown school district for air filtration upgrades, touchless drinking water stations, germicidal irradiation of hvac and isolation rooms. It also received 240,000 from the century fund for wifi hotspots for students that grant is used to pay tmobile for the hotspots.

Form 990, Part III, Line 3

The foundation had to halt most in-person program delivery for students because allentown school district engaged in remote instruction from march 2020 to april 2021. This caused a major decrease in the typical programming.

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 that there are no unrecognized tax positions that are required to be disclosed.

XI 2D

Direct expenses from fundraising events

XII 2D

Direct expenses from fundraising events

V 4

The intended use of the endowment funds is to provide scholarships

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IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9VICE-PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15TREASURER
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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