Form 990 for tax year 2023
Filed by LUZERNE COUNTY COMMUNITY COLLEGE FOUNDATION INC.
Totals
- Total revenue
- $2,084,848
- Total expenses
- $1,286,169
- Contributions and grants received
- $1,123,786
- Grants paid
- $1,045,650
- Program service revenue
- $0
- Investment income
- $945,893
- Other revenue
- $15,169
- Total assets, end of year
- $10,482,597
- Total liabilities, end of year
- $444,564
- Net assets or fund balances, end of year
- $10,038,033
- Program services expenses (Part IX)
- $1,237,422
- Management and general expenses
- $44,956
- Fundraising expenses
- $3,791
- Program service expenses (Part III)
- $1,237,422
Program services were 96.2% 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
$103,110
-
1f · All other contributions, gifts and grants
$1,020,676
-
3 · Investment income
total $173,464 · excluded $173,464
-
7a · Gross sales of assets other than inventory
securities $1,167,888
-
7b · Less cost or other basis and sales expenses
securities $395,459
-
7c · Gain or loss
securities $772,429
-
7d · Net gain or loss
total $772,429 · excluded $772,429
-
8a · Fundraising events: gross income
$76,864
-
8a · Fundraising events: contributions included on line 1c
$103,110
-
8b · Fundraising events: direct expenses
$69,788
-
8c · Net income from fundraising events
total $7,076 · excluded $7,076
-
9a · Gaming: gross income
$12,306
-
9b · Gaming: direct expenses
$4,213
-
9c · Net income from gaming
total $8,093 · excluded $8,093
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $284,266 · program services $284,266
-
2 · Grants to domestic individuals
total $761,384 · program services $761,384
-
11c · Fees: accounting
total $11,880 · management and general $11,880
-
11f · Fees: investment management
total $33,076 · management and general $33,076
-
13 · Office expenses
total $68,514 · program services $68,514
-
23 · Insurance
total $2,061 · program services $2,061
-
24a · Other expenses: ALLONE EXPENDITURES
total $104,110 · program services $104,110
-
24b · Other expenses: PROGRAM COSTS
total $17,087 · program services $17,087
-
24c · Other expenses: SPECIAL EVENT EXPENSES
total $3,791 · fundraising $3,791
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $238,068 · end of year $530,062
-
2 · Savings and temporary cash investments
beginning of year $578,994 · end of year $533,216
-
3 · Pledges and grants receivable
beginning of year $500 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $7,168,036 · end of year $8,160,177
-
15 · Other assets
beginning of year $1,179,609 · end of year $1,259,142
-
19 · Deferred revenue
beginning of year $7,058 · end of year $1,054
-
25 · Other liabilities
beginning of year $132,669 · end of year $443,510
-
27 · Net assets without donor restrictions
beginning of year $312,865 · end of year $476,808
-
28 · Net assets with donor restrictions
beginning of year $8,712,615 · end of year $9,561,225
Mission and programs · 2023
Mission
LUZERNE COUNTY COMMUNITY COLLEGE PROVIDES EXCELLENCE IN EDUCATION, FOSTERS STUDENT SUCCESS IN ACHIEVEMENT OF GOALS, AND POSITIVELY IMPACTS LUZERNE COUNTY AND THE SURROUNDING NORTHEASTERN PENNSYLVANIA REGION.
Activities or mission (Part I)
TO ASSIST IN RAISING FUNDS IN SUPPORT OF THE MISSION OF THE LUZERNE COUNTY COMMUNITY COLLEGE.
-
THE FOUNDATION PROVIDES BROADER EDUCATIONAL SERVICE OPPORTUNITIES TO THE STUDENTS, STAFF, FACULTY, AND RESIDENTS OF NORTHEASTERN PENNSYLVANIA THROUGH GIFTS AND CONTRIBUTIONS TO LUZERNE COUNTY COMMUNITY COLLEGE. STUDENTS RECEIVED FINANCIAL ASSISTANCE TOTALING $761,384 FOR THE FISCAL YEAR ENDING JUNE 30, 2024.
Expenses $1,237,422 · Grants $1,045,650
As filed on the 2023 return.
Listed in Part VII
-
John YudichakJOHN YUDICHAK
PRESIDENT, LCCC
- Total calculated
- $0
- Hours/week
- 35
-
Thomas P LearyTHOMAS P LEARY
PRESIDENT, LCCC (UNTIL 06/24)
- Total calculated
- $314,662
- From this org
- $0
- From related orgs
- $214,832
- Other
- $99,830
- Hours/week
- 0.3
Schedule J breakdown matched by us
- Base
- $0 + $214,240 related
- Bonus
- $0
- Other
- $0 + $592 related
- Deferred
- $0 + $82,203 related
- Nontaxable benefits
- $0 + $17,627 related
- Filer's total
- $0 + $314,662 related
-
Daniel LandesbergDANIEL LANDESBERG
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.3
-
Leann FallabelLEANN FALLABEL
IMMEDIATE PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.3
-
Ryan McGowanRYAN MCGOWAN
FIRST VICE-PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.3
-
Mandie HendricksMANDIE HENDRICKS
SECOND VICE-PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.3
-
Karen NatishanKAREN NATISHAN
TREASURER
- Total calculated
- $0
- Hours/week
- 0.3
-
Deborah MozalDEBORAH MOZAL
EXECUTIVE SECRETARY
- Total calculated
- $0
- Hours/week
- 0.3
-
Judith AitaJUDITH AITA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Patrick BarrettPATRICK BARRETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Ann BlaskiewiczANN BLASKIEWICZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Dr Joan BlewittDR JOAN BLEWITT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Traci DonahueTRACI DONAHUE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Robert GarrettROBERT GARRETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Lindsay Griffin-BoylanLINDSAY GRIFFIN-BOYLAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
David JolleyDAVID JOLLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Derek JonesDEREK JONES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Kerry MiscavageKERRY MISCAVAGE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Gerard O'DonnellGERARD O'DONNELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Ellen Moss QuinnELLEN MOSS QUINN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Robert StanleyROBERT STANLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Joceyln SterenchockJOCEYLN STERENCHOCK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
David TarantiniDAVID TARANTINI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
James ZarraJAMES ZARRA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
John V MorrisJOHN V MORRIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Patricia BeserminPATRICIA BESERMIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Catherine O'DonnellCATHERINE O'DONNELL
TRUSTEE LIAISON
- Total calculated
- $0
- Hours/week
- 0.3
-
Rebecca BrominskiREBECCA BROMINSKI
EXECUTIVE DIRECTOR
- Total calculated
- $141,836
- From this org
- $0
- From related orgs
- $84,630
- Other
- $57,206
- Hours/week
- 35
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
None.
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
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 3
- BOARD MEMBER TOM LEARY'S COMPENSATION IS SET BY THE RELATED ORGANIZATION LUZERNE COUNTY COMMUNITY COLLEGE. THE COLLEGE USES SEVERAL METHODS TO ENSURE COMPENSATION IS WITHIN FAIR MARKET RANGE FOR THE INDUSTRY.
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
-
LUZERNE COUNTY COMMUNITY COLLEGE
$284,266
LUZERNE COMMUNITY COLLEGE CAPITAL CAMPAIGN
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.
-
LUZERNE COUNTY COMMUNITY COLLEGE
501(C)(3) · EDUCATION · PA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 26 March 2025
- IRS schema version
- 2023v6.0
- Source object
- 202540859349301324
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