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Nonprofiteer
← LUZERNE COUNTY COMMUNITY COLLEGE FOUNDATION INC

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 Yudichak

    PRESIDENT, LCCC

    Total calculated
    $0
    Hours/week
    35
  • Thomas 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 Landesberg

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.3
  • Leann Fallabel

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    0.3
  • Ryan McGowan

    FIRST VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    0.3
  • Mandie Hendricks

    SECOND VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    0.3
  • Karen Natishan

    TREASURER

    Total calculated
    $0
    Hours/week
    0.3
  • Deborah Mozal

    EXECUTIVE SECRETARY

    Total calculated
    $0
    Hours/week
    0.3
  • Judith Aita

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3
  • Patrick Barrett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3
  • Ann Blaskiewicz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3
  • Dr Joan Blewitt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3
  • Traci Donahue

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3
  • Robert Garrett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3
  • Lindsay Griffin-Boylan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3
  • David Jolley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3
  • Derek Jones

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3
  • Kerry Miscavage

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3
  • Gerard O'Donnell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3
  • Ellen Moss Quinn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3
  • Robert Stanley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3
  • Joceyln Sterenchock

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3
  • David Tarantini

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3
  • James Zarra

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3
  • John V Morris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3
  • Patricia Besermin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3
  • Catherine O'Donnell

    TRUSTEE LIAISON

    Total calculated
    $0
    Hours/week
    0.3
  • Rebecca 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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