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Nonprofiteer
← PASCO L SCHIAVO MEMORIAL CHARITABLE FUND

Form 990 for tax year 2023

Filed by PASCO L SCHIAVO MEMORIAL CHARITABLE FUND.

Totals

Total revenue
$12,656,374
Total expenses
$253,792
Contributions and grants received
$12,400,000
Grants paid
$219,500
Program service revenue
$0
Investment income
$256,374
Other revenue
$0
Total assets, end of year
$13,287,332
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$13,287,332
Program services expenses (Part IX)
$219,500
Management and general expenses
$34,292
Fundraising expenses
$0
Program service expenses (Part III)
$219,500

Program services were 86.5% 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

    $12,400,000

  • 3 · Investment income

    total $242,078 · excluded $242,078

  • 7a · Gross sales of assets other than inventory

    securities $2,530,930

  • 7b · Less cost or other basis and sales expenses

    securities $2,516,634

  • 7c · Gain or loss

    securities $14,296

  • 7d · Net gain or loss

    total $14,296 · excluded $14,296

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $219,500 · program services $219,500

  • 11f · Fees: investment management

    total $31,521 · management and general $31,521

  • 24a · Other expenses: FUND EXPENSE

    total $2,771 · management and general $2,771

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $27,729

  • 11 · Investments: publicly traded securities

    end of year $13,259,603

  • 27 · Net assets without donor restrictions

    beginning of year $0 · end of year $13,287,332

Mission and programs · 2023

Mission

THE PASCO L. SCHIAVO MEMORIAL CHARITABLE FUND WAS FORMED FOR THE PURPOSE OF MAKING DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS, SPECIFICALLY TO PROMOTE PRIMARILY EDUCATIONAL PROJECTS AND OTHER HUMANITARIAN PROJECTS IN AND THROUGHOUT THE HAZLETON AREA COMMUNITY WHICH IS PRESENTLY DEMARCATED BY THE SCHOOL DISTRICT BORDERS OF THE HAZLETON AREA SCHOOL DISTRICT AND THE WEATHERLY AREA SCHOOL DISTRICT, AND SECONDARILY TO ANY OTHER CHARITABLE PROJECTS OUTSIDE THE BOUNDARIES OF THOSE TWO SCHOOL DISTRICTS.

Activities or mission (Part I)

TO MAKE DISTRIBUTIONS TO ORGANIZATIONS THAT PROMOTE EDUCATIONAL & OTHER HUMANITARIAN PROJECTS

  • THE PASCO L. SCHIAVO MEMORIAL CHARITABLE FUND WAS FORMED FOR THE PURPOSE OF MAKING DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS, SPECIFICALLY TO PROMOTE PRIMARILY EDUCATIONAL PROJECTS AND OTHER HUMANITARIAN PROJECTS IN AND THROUGHOUT THE HAZLETON AREA COMMUNITY, WHICH IS PRESENTLY DEMARCATED BY THE SCHOOL DISTRICT BORDERS OF THE HAZLETON AREA SCHOOL DISTRICT AND THE WEATHERLY AREA SCHOOL DISTRICT, AND SECONDARILY TO ANY OTHER CHARITABLE PROJECTS OUTSIDE OF THE BOUNDARIES OF THOSE TWO SCHOOL DISTRICTS.

    Expenses $219,500 · Grants $219,500

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Tara Mugford Wilson

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.1 + 0.1 related

  • C David Pedri

    PRESIDENT

    Total calculated
    $240,623
    From this org
    $0
    From related orgs
    $200,640
    Other
    $39,983
    Hours/week
    0.1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $174,900 related
    Bonus
    $0 + $25,740 related
    Other
    $0
    Deferred
    $0 + $5,247 related
    Nontaxable benefits
    $0 + $34,736 related
    Filer's total
    $0 + $240,623 related

  • Linda Schiavo

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.1

  • Diane Dutko

    SECRETARY/TREASURER

    Total calculated
    $105,775
    From this org
    $0
    From related orgs
    $85,904
    Other
    $19,871
    Hours/week
    0.1 + 40 related

  • Lee Piatt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • John Dowd

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.1 related

  • Jaculin Scarcella

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE PRESIDENT'S COMPENSATION IS DETERMINED BY A RELATED PARTY THAT USES A COMPENSATION STUDY AND APPROVAL BY THE BOARD TO DETERMINE REASONABLE COMPENSATION.
PART I, LINE 7
THE EXECUTIVE COMMITTEE OF THE ORGANIZATION'S RELATED PARTY, LUZERNE FOUNDATION, LED BY THE TLF CHAIRMAN OF THE BOARD, CONDUCTS AN ANNUAL REVIEW OF THE PRESIDENT AND CEO. THE PROCESS IS INITIATED BY THE PRESIDENT AND CEO WHO PROVIDES A MONTH-BY-MONTH OVERVIEW OF HIS/HER ACCOMPLISHMENTS THROUGHOUT THE YEAR WHICH ARE THEN EVALUATED AGAINST THE OBJECTIVES IN OUR STRATEGIC PLAN. THE EXECUTIVE COMMITTEE USES THE FOLLOWING PERFORMANCE METRICS: GOALS, PROGRAMMING, LEADERSHIP, VISION, STAFF RETENTION, OVERALL MANAGEMENT AND DEVELOPMENT. ADDITIONAL RESOURCES INCLUDE THE GRANTMAKER AND SALARY AND BENEFITS REPORT PROVIDED BY THE COUNCIL ON FOUNDATIONS IN WASHINGTON, DC. THE RESULTS OF THE COMMITTEE'S EVALUATION ARE COMPILED AND GROUP DISCUSSION ENSUES TO DETERMINE THE BONUS AMOUNT.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
23 September 2024
IRS schema version
2023v5.1
Source object
202412719349300711

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