Civic Intelligence

Bucks County Herald Foundation

990 • Fiscal year 2023 • EIN 85-1241475

Jan 01, 2023 to Dec 31, 2023 • Filed on Dec 17, 2024

875 North Easton Road Suite 1Doylestown, PA 18902

(877) 829-5500

Siviq Scores

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

Liabilities / Assets

96th percentile

1.47x

Higher debt load relative to assets than 96% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

70th percentile

0.12x

Higher debt load relative to revenue than 70% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

33rd percentile

-3.9%

Higher net margin than 33% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

94th percentile

$154,701

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 26.1% of source-year revenue.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2022 to 2023

Revenue Growth

85th percentile

63%

Faster revenue growth than 85% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Up

$46,838

Up $653,175 (+108%) from 2022

Net Assets

Up

-$22,004

Up $597,445 (+96%) from 2022

Liabilities

Up

$68,842

Up $55,730 (+425%) from 2022

Revenue

Up

$593,514

Up $228,279 (+63%) from 2022

Expenses

Up

$616,429

Up $225,900 (+58%) from 2022

Net Income

Up

-$22,915

Up $2,379 (+9.4%) from 2022

Historical Trend

Balance Sheet Trend

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

$200K$0-$200K-$400K-$600K-$800KAssets 2020: $8,356Liabilities 2020: $0Net Assets 2020: $8,3562020Assets 2021: -$482,639Liabilities 2021: $357Net Assets 2021: -$482,9962021Assets 2022: -$606,337Liabilities 2022: $13,112Net Assets 2022: -$619,4492022Assets 2023: $46,838Liabilities 2023: $68,842Net Assets 2023: -$22,0042023Assets 2024: $71,605Liabilities 2024: $45,181Net Assets 2024: $26,4242024

Highlighted filing

2023

Assets$46,838
Liabilities$68,842
Net Assets-$22,004

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2020: $111,666Expenses 2020: $103,310Net Income 2020: $8,3562020Revenue 2021: $239,871Expenses 2021: $221,922Net Income 2021: $17,9492021Revenue 2022: $365,235Expenses 2022: $390,529Net Income 2022: -$25,2942022Revenue 2023: $593,514Expenses 2023: $616,429Net Income 2023: -$22,9152023Revenue 2024: $896,730Expenses 2024: $848,302Net Income 2024: $48,4282024

Highlighted filing

2023

Revenue$593,514
Expenses$616,429
Net Income-$22,915
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Dec 17, 2024
Return Version
2023v5.0
Gross Receipts
$622,213
Mission and Program Overview

Mission

To provide grants to support the bucks county herald, a local multi- platform news media company.

The foundation's most significant activity is to preserve and deliver trusted, nonpartisan local journalism in the bucks county (pa) area through its subsidiary, the bucks county herald.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$237$30,073▲ $29,836
Savings and Temporary Cash Investments$12,786$15,938▲ $3,152
Accounts Receivable-$827-
Total Assets$14,023$46,838▲ $32,815
Other Assets Total$1,000--
Liabilities
Accounts Payable and Accrued Expenses$13,112$68,842▲ $55,730
Total Liabilities$13,112$68,842▲ $55,730
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$911$-22,004▼ $22,915
Total Net Assets Fund Balance$911$-22,004▼ $22,915
Total Liabilities and Net Assets / Fund Balance$14,023$46,838▲ $32,815
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Joseph G WingertVP/sec/treasPT$154,701$154,701
Ann MeredithExecutive DiPT$135,515$135,515
Bridget WingertPresident-$79,586$79,586

Board Members and Trustees

NameTitle
Dr Felicia GantherDirector
Emilie LounsberryDirector
Jeane VidoniDirector
Jeffrey H NicholasDirector
Jennifer LinDirector
Kay RockDirector
Marvin WoodallDirector
Joseph G WingertVP/sec/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$589,482
Program Service Revenue
$0
Investment Income
$31
Other Revenue
$4,001
All Other Contributions
$453,732
Change in Net Assets
$-22,915
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$479,918
Other Expenses$136,511
Total Fundraising Expense$48,372
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$479,918--$479,918
Fees for Services Management-$39,956$39,956$79,912
Office Expenses-$15,050$5,347$20,397
Advertising-$15,148-$15,148
Fees for Services Accounting-$5,558$2,284$7,842
Information Technology-$4,499-$4,499
Insurance-$275$275$550
Fees for Services Other--$510$510
All Other Expenses-$193-$193
Other Expenses$458$150-$150
Travel-$5-$5
Total Functional Expenses$486,911$81,146$48,372$616,429
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Bucks County Herald CorporationDoylestown, PA-Local Journalism$479,918
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$32,700
Fundraising Direct Expenses$28,699
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$168,450$32,700$2,027$30,673
Total Events$168,450$32,700$28,699$4,001
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Bridget wingert joseph wingert president sec/treas mother/son ann meredith joseph wingert ed sec/treas married

Form 990, Page 6, Part VI, Line 7A

Under the foundation's bylaws, members have the power select the members of the governing body.

Form 990, Page 6, Part VI, Line 7B

Per the foundation's by-laws, the foundation has acquired and is the sole shareholder of the bucks county herald corporation, a pennsylvania for- profit corporation that publishes the bucks county herald. The members of the foundation shall exercise the rights and responsibilities of the corporation with respect to its authority and duties as the shareholder of the bucks county herald corporation.

Form 990, Page 6, Part VI, Line 11B

A copy of the form 990 is provided to the board for review prior to submission.

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

The board affirms the conflict of interest policy annually. In addition, board members are required to make known any conflicts of interests if they arise.

Form 990, Page 6, Part VI, Line 19

Documents are made available upon written request.

Form 990, Part VII

Amounts listed as compensation represent salaries paid by the related party and not the foundation.

Filing and Contact Details

Filer

Filer Name
Bucks County Herald Foundation
EIN
85-1241475
Phone
8778295500
Address
875 NORTH EASTON ROAD SUITE 1, DOYLESTOWN, PA 18902

Signing Officer

Name
Bridget Wingert
Title
President
Phone
8778295500
Signed
2024-12-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bridget Wingert
Formed
2020
Legal Domicile
Pa
Voting Board Members
9
Independent Board Members
7
Employees
0
Volunteers
110

Preparer

Firm
Bee Bergvall & Co
Address
PO BOX 754, WARRINGTON, PA 18976-0754
Preparer
Cynthia Bergvall CPA
Phone
2153432727
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IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt048996
IRS990ScheduleA/OtherIncome170Grp/TotalAmt081696
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt01244622
IRS990ScheduleA/SubstantialContributorsTotAmt032816
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0589482
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0336441
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0239867
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0111648
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01277438
IRS990ScheduleA/TotalSupportAmt01359195
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0135750
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0135750
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt028699
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt0400
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt0400
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GALA
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt022672
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt022672
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0168450
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0168450
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt032700
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt032700
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt04001
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt02027
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt02027
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt03600
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt03600
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt0479918
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0LOCAL JOURNALISM
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0BUCKS COUNTY HERALD CORPORATION
IRS990ScheduleI/RecipientTable/RecipientEIN0113645683
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0875 NORTH EASTON ROAD SUITE 1
IRS990ScheduleI/RecipientTable/USAddress/CityNm0DOYLESTOWN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0PA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd018902
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0FOUNDATION BOARD REGULARLY REVIEWS THE FINANCIAL ACTIVITY OF THE GRANTEE.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0148600
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt06101
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JOSEPH G WINGERT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0VP/SEC/TREASURER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0154701
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0PART II REPRESENTS AMOUNTS PAID BY A RELATED ORGANIZATION.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE J, PART III
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BRIDGET WINGERT JOSEPH WINGERT PRESIDENT SEC/TREAS MOTHER/SON ANN MEREDITH JOSEPH WINGERT ED SEC/TREAS MARRIED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UNDER THE FOUNDATION'S BYLAWS, MEMBERS HAVE THE POWER SELECT THE MEMBERS OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PER THE FOUNDATION'S BY-LAWS, THE FOUNDATION HAS ACQUIRED AND IS THE SOLE SHAREHOLDER OF THE BUCKS COUNTY HERALD CORPORATION, A PENNSYLVANIA FOR- PROFIT CORPORATION THAT PUBLISHES THE BUCKS COUNTY HERALD. THE MEMBERS OF THE FOUNDATION SHALL EXERCISE THE RIGHTS AND RESPONSIBILITIES OF THE CORPORATION WITH RESPECT TO ITS AUTHORITY AND DUTIES AS THE SHAREHOLDER OF THE BUCKS COUNTY HERALD CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A COPY OF THE FORM 990 IS PROVIDED TO THE BOARD FOR REVIEW PRIOR TO SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD AFFIRMS THE CONFLICT OF INTEREST POLICY ANNUALLY. IN ADDITION, BOARD MEMBERS ARE REQUIRED TO MAKE KNOWN ANY CONFLICTS OF INTERESTS IF THEY ARISE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DOCUMENTS ARE MADE AVAILABLE UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6AMOUNTS LISTED AS COMPENSATION REPRESENT SALARIES PAID BY THE RELATED PARTY AND NOT THE FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VII
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd0true
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0113645683
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0PA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct01.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0NEWPAPER
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0BUCKS COUNTY HERALD CORPORATION
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfEOYAssetsAmt0578046
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfTotalIncomeAmt03335446
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0875 NORTH EASTON ROAD SUITE 1
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0DOYLESTOWN
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0PA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd018902
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0true
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0479918
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt179912
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH VALUE
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1FAIR VALUE OF SERVICES
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0BUCKS COUNTY HERALD CORPORATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1BUCKS COUNTY HERALD CORPORATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0B
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1P
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0PA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false

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