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Nonprofiteer
← CENTRAL PENNSYLVANIA SCHOLARSHIP FUND

Form 990 for tax year 2023

Filed by CENTRAL PENNSYLVANIA SCHOLARSHIP FUND.

Totals

Total revenue
$69,551,076
Total expenses
$55,187,999
Contributions and grants received
$68,171,109
Grants paid
$54,397,599
Program service revenue
$0
Investment income
$1,376,287
Other revenue
$3,680
Total assets, end of year
$68,395,001
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$68,395,001
Program services expenses (Part IX)
$54,397,599
Management and general expenses
$776,495
Fundraising expenses
$13,905
Program service expenses (Part III)
$54,397,599

Program services were 98.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $68,171,109

  • 1g · Noncash contributions included above

    $1,850,000

  • 3 · Investment income

    total $1,376,287 · excluded $1,376,287

  • 11a · Other revenue: MISCELLANEOUS

    total $3,680 · related or exempt $3,680

  • 11e · Other revenue, total

    $3,680

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $54,397,599 · program services $54,397,599

  • 5 · Compensation of officers, directors and key employees

    total $183,140 · management and general $183,140

  • 7 · Other salaries and wages

    total $76,740 · management and general $76,740

  • 8 · Pension plan contributions

    total $3,845 · management and general $3,845

  • 9 · Other employee benefits

    total $13,880 · management and general $13,880

  • 10 · Payroll taxes

    total $20,006 · management and general $20,006

  • 11a · Fees: management

    total $4,000 · management and general $4,000

  • 11b · Fees: legal

    total $5,250 · management and general $5,250

  • 11c · Fees: accounting

    total $26,500 · management and general $26,500

  • 12 · Advertising and promotion

    total $13,905 · fundraising $13,905

  • 13 · Office expenses

    total $27,064 · management and general $27,064

  • 14 · Information technology

    total $3,042 · management and general $3,042

  • 16 · Occupancy

    total $378,759 · management and general $378,759

  • 17 · Travel

    total $13,022 · management and general $13,022

  • 19 · Conferences, conventions and meetings

    total $5,195 · management and general $5,195

  • 22 · Depreciation, depletion and amortization

    total $9,898 · management and general $9,898

  • 23 · Insurance

    total $2,335 · management and general $2,335

  • 24a · Other expenses: GOVERNMENT REGISTRATION

    total $1,900 · management and general $1,900

  • 24b · Other expenses: BANK SERVICE CHARGES

    total $1,768 · management and general $1,768

  • 24c · Other expenses: DUES

    total $151 · management and general $151

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $10

  • 2 · Savings and temporary cash investments

    beginning of year $54,031,914 · end of year $66,554,899

  • 10a · Land, buildings and equipment: cost or other basis

    $1,850,000

  • 10b · Land, buildings and equipment: accumulated depreciation

    $9,898

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $1,840,102

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $54,031,924 · end of year $68,395,001

Mission and programs · 2023

Mission

PROVIDE EDUCATIONAL OPPORTUNITY THRU EDUCATIONAL CHOICE TO STUDENTS FROM LOW AND MIDDLE INCOME FAMILIES FACILITATED USING SCHOLARSHIPS AND EDUCATIONAL IMPROVEMENT PROGRAMS.

Activities or mission (Part I)

PROVIDE EDUCATIONAL OPPORTUNITY THRU EDUCATIONAL CHOICE TO STUDENTS FROM LOW AND MIDDLE INCOME FAMILIES FACILITATED USING SCHOLARSHIPS AND EDUCATIONAL IMPROVEMENT PROGRAMS

  • PROVIDE EDUCATIONAL OPPORTUNITY THRU EDUCATIONAL CHOICE TO STUDENTS FROM LOW AND MIDDLE INCOME FAMILIES USING SCHOLARSHIPS TO FUND TUITION AT PRIVATE SCHOOLS IN CENTRAL PENNSYLVANIA AND EDUCATIONAL IMPROVEMENT PROGRAMS AT PENNSYLANIA PUBLIC SCHOOLS AND THEIR ASSIGNS AND GRANTS TO OTHER CHARITIES.

    Expenses $54,397,599 · Grants $54,397,599 · Revenue $68,171,109

As filed on the 2023 return.

Listed in Part VII

  • Randy Tarpey

    PRESIDENT

    Total calculated
    $34,500
    From this org
    $34,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Christopher Palazzi

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Edward Kaplan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Lindsey Bennett

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Joseph Adams

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tami Clark

    EXECUTIVE DIRECTOR

    Total calculated
    $91,800
    From this org
    $91,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Casi Fries

    TREASURER

    Total calculated
    $56,840
    From this org
    $56,840
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202433179349302608

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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