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Nonprofiteer
← CENTRAL PENNSYLVANIA COLLEGE EDUCATION FOUNDATION

Form 990 for tax year 2023

Filed by CENTRAL PENNSYLVANIA COLLEGE EDUCATION FOUNDATION.

Totals

Total revenue
$713,487
Total expenses
$568,874
Contributions and grants received
$399,864
Grants paid
$208,627
Program service revenue
$0
Investment income
$312,912
Other revenue
$711
Total assets, end of year
$9,402,640
Total liabilities, end of year
$77,413
Net assets or fund balances, end of year
$9,325,227
Program services expenses (Part IX)
$495,122
Management and general expenses
$53,872
Fundraising expenses
$19,880
Program service expenses (Part III)
$495,122

Program services were 87.0% 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.

  • 1c · Fundraising events

    $26,478

  • 1f · All other contributions, gifts and grants

    $373,386

  • 3 · Investment income

    total $313,326 · excluded $313,326

  • 7a · Gross sales of assets other than inventory

    securities $492,443

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

    securities $492,857

  • 7c · Gain or loss

    securities -$414

  • 7d · Net gain or loss

    total -$414 · excluded -$414

  • 8a · Fundraising events: gross income

    $9,300

  • 8a · Fundraising events: contributions included on line 1c

    $26,478

  • 8b · Fundraising events: direct expenses

    $8,589

  • 8c · Net income from fundraising events

    total $711 · excluded $711

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $208,627 · program services $208,627

  • 7 · Other salaries and wages

    total $33,553 · program services $14,198 · management and general $5,157 · fundraising $14,198

  • 9 · Other employee benefits

    total $18,675 · program services $3,102 · management and general $12,470 · fundraising $3,103

  • 10 · Payroll taxes

    total $7,739 · program services $2,580 · management and general $2,580 · fundraising $2,579

  • 11c · Fees: accounting

    total $3,074 · management and general $3,074

  • 11f · Fees: investment management

    total $27,997 · management and general $27,997

  • 11g · Fees: other

    total $1,435 · management and general $1,435

  • 13 · Office expenses

    total $267,342 · program services $266,615 · management and general $727

  • 17 · Travel

    total $432 · management and general $432

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $161,404 · end of year $68,037

  • 7 · Other notes and loans receivable

    beginning of year $340,950 · end of year $320,894

  • 11 · Investments: publicly traded securities

    beginning of year $8,155,774 · end of year $9,013,709

  • 24 · Unsecured notes and loans payable

    beginning of year $98,281 · end of year $77,413

  • 27 · Net assets without donor restrictions

    beginning of year $298,895 · end of year $406,035

  • 28 · Net assets with donor restrictions

    beginning of year $8,260,952 · end of year $8,919,192

Mission and programs · 2023

Mission

PROVIDING SCHOLARSHIPS TO CENTRAL PENN COLLEGE STUDENTS WHO EXHIBIT STRONG ATTRIBUTES FOR CAREER SUCCESS DESPITE FINANCIAL CHALLENGES.

  • EDUCATIONAL ASSISTANCE: PROVIDING SCHOLARSHIPS FOR TUITION AND HOUSING FOR STUDENTS OF CENTRAL PENN COLLEGE.

    Expenses $495,122 · Grants $208,627

As filed on the 2023 return.

Listed in Part VII

  • Jennifer Buehler

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Shawn Caulfield

    BOARD VICE-CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Janel Leymeister

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Karen Gladstone

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Mary Dietrich

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Michael Aumiller

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dr Glenn Zehner

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ben Lipschutz

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Gayle Bolinger

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Christopher Harris

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Curtis Voelker

    TRUSTEE

    Total calculated
    $0
    Hours/week
    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
26 August 2024
IRS schema version
2023v5.1
Source object
202422509349301212

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