Form 990 for tax year 2024
Filed by CENTRAL PENNSYLVANIA SCHOLARSHIP FUND.
Totals
- Total revenue
- $73,854,376
- Total expenses
- $65,171,936
- Contributions and grants received
- $72,018,733
- Grants paid
- $64,587,938
- Program service revenue
- $0
- Investment income
- $1,831,192
- Other revenue
- $4,451
- Total assets, end of year
- $77,077,441
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $77,077,441
- Program services expenses (Part IX)
- $64,587,938
- Management and general expenses
- $564,290
- Fundraising expenses
- $19,708
- Program service expenses (Part III)
- $64,587,938
Program services were 99.1% 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
$72,018,733
-
3 · Investment income
total $1,831,192 · excluded $1,831,192
-
11a · Other revenue: BANK CHARGE REIMBURSEM
total $4,451 · related or exempt $4,451
-
11e · Other revenue, total
$4,451
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $64,587,938 · program services $64,587,938
-
5 · Compensation of officers, directors and key employees
total $204,140 · management and general $204,140
-
7 · Other salaries and wages
total $74,936 · management and general $74,936
-
8 · Pension plan contributions
total $5,343 · management and general $5,343
-
9 · Other employee benefits
total $34,253 · management and general $34,253
-
10 · Payroll taxes
total $22,962 · management and general $22,962
-
11b · Fees: legal
total $3,191 · management and general $3,191
-
11c · Fees: accounting
total $36,650 · management and general $36,650
-
12 · Advertising and promotion
total $19,708 · fundraising $19,708
-
13 · Office expenses
total $23,406 · management and general $23,406
-
14 · Information technology
total $2,293 · management and general $2,293
-
16 · Occupancy
total $85,476 · management and general $85,476
-
17 · Travel
total $6,978 · management and general $6,978
-
22 · Depreciation, depletion and amortization
total $47,436 · management and general $47,436
-
23 · Insurance
total $3,011 · management and general $3,011
-
24a · Other expenses: BANK SERVICE CHARGES
total $9,754 · management and general $9,754
-
24b · Other expenses: MISCELLANEOUS
total $2,286 · management and general $2,286
-
24c · Other expenses: GOVERNMENT REGISTRATION
total $2,175 · management and general $2,175
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $66,554,899 · end of year $75,284,775
-
10a · Land, buildings and equipment: cost or other basis
$1,850,000
-
10b · Land, buildings and equipment: accumulated depreciation
$57,334
-
10c · Land, buildings and equipment, net
beginning of year $1,840,102 · end of year $1,792,666
-
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 $68,395,001 · end of year $77,077,441
Mission and programs · 2024
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 $64,587,938 · Grants $64,587,938 · Revenue $4,451
As filed on the 2024 return.
Listed in Part VII
-
Randy TarpeyRANDY TARPEY
PRESIDENT
- Total calculated
- $52,000
- From this org
- $42,000
- From related orgs
- $10,000
- Other
- $0
- Hours/week
- 15 + 1 related
Schedule J breakdown matched by us
- Base
- $42,000 + $10,000 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $42,000 + $10,000 related
-
Christopher PalazziCHRISTOPHER PALAZZI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Edward KaplanEDWARD KAPLAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Lindsey BennettLINDSEY BENNETT
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Joseph AdamsJOSEPH ADAMS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Tami ClarkTAMI CLARK
EXECUTIVE DIRECTOR
- Total calculated
- $100,512
- From this org
- $97,773
- From related orgs
- $0
- Other
- $2,739
- Hours/week
- 40
-
Casi FriesCASI FRIES
TREASURER
- Total calculated
- $85,567
- From this org
- $83,442
- From related orgs
- $0
- Other
- $2,125
- Hours/week
- 30
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)
- SCHEDULE J PART II
- TAX PREPARATION FEES ARE PAID TO ACCOUNTING FIRM SICKLER TARPEY AND ASSOCIATES FOR SPE PARTNERSHIP TAX PREPARATION AT $500 PER RETURN AND FOR PREPARING THE FORM 990 AT $1000. RANDY TARPEY CPA IS AN OWNER OF THE CPA FIRM THAT CHARGES THESE TAX PREPARATION FEES AND RECEIVES A SALARY FOR SERVICES PROVIDED IN TAX PREPARATION FROM SICKLER TARPEY AND ASSOCIATES.
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
-
$1,816,280
PENNSYLVANIA EITC SCHOLARSHIPS
-
$1,459,900
PENNSYLVANIA EITC SCHOLARSHIPS
-
$1,415,250
PENNSYLVANIA EITC SCHOLARSHIPS
-
$1,346,840
PENNSYLAVANIA EITC SCHOLARSHIPSPENNSYLVANIA EITC SCHOLARSHIPS
-
$1,283,990
PENNSYLVANIA EITC SCHOLARSHIPS
-
BISHOP GUILFOYLE CATHOLIC HIGH SCHOOL
$1,258,383
PENNSYLVANIA EITC SCHOLARSHIPS
-
$1,249,968
PENNSYLVANIA EITC SCHOLARSHIPS
-
TRINITY HIGH SCHOOL
$1,183,777
PENNSYLVANIA EITC SCHOLARSHIPS
-
$1,149,897
PENNSYLVANIA EITC SCHOLARSHIPS
-
$1,080,813
PENNSYLVANIA EITC SCHOLARSHIPS
The 10 largest by cash amount. The API serves every itemized grant.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
15238 MOHAWK LLC
DONATION/INVESTMENT · SPECIAL PURPOSE ENTITY EITC PROGRAM · PA · general or managing partner
Directly controlled by RANDY TARPEY
-
1919 CHARTER ALLIANCE LLC
DONATION/INVESTMENT · SPECIAL PURPOSE ENTITY EITC PROGRAM · PA · general or managing partner
Directly controlled by RANDY TARPEY
-
501 KEYSTONE STUDENTS LLC
DONATION/INVESTMENT · SPECIAL PURPOSE ENTITY EITC PROGRAM · PA · general or managing partner
Directly controlled by RANDY TARPEY
-
6K1 WAYNE LLC
DONATION/INVESTMENT · SPECIAL PURPOSE ENTITY EITC PROGRAM · PA · general or managing partner
Directly controlled by RANDY TARPEY
-
BISHOP GUILFOYLE SCHOLARSHIP LLC
DONATION/INVESTMENT · SPECIAL PURPOSE ENTITY EITC PROGRAM · PA · general or managing partner
Directly controlled by RANDY TARPEY
-
BULLDOG PRIDE LLC
DONATION/INVESTMENT · SPECIAL PURPOSE ENTITY EITC PROGRAM · PA · general or managing partner
Directly controlled by RANDY TARPEY
-
THE CAMPBELL SCHOOL #1 LLC
DONATION/INVESTMENT · SPECIAL PURPOSE ENTITY EITC PROGRAM · PA · general or managing partner
Directly controlled by RANDY TARPEY
-
THE CAMPBELL SCHOOL #2 LLC
DONATION/INVESTMENT · SPECIAL PURPOSE ENTITY EITC PROGRAM · PA · general or managing partner
Directly controlled by RANDY TARPEY
-
THE CAMPBELL SCHOOL #3 LLC
DONATION/INVESTMENT · SPECIAL PURPOSE ENTITY EITC PROGRAM · PA · general or managing partner
Directly controlled by RANDY TARPEY
-
CENTRAL PA AMT PARTERS
DONATION/INVESTMENT · SPECIAL PURPOSE ENTITY EITC PROGRAM · PA · general or managing partner
Directly controlled by RANDY TARPEY
-
CENTRAL PA SPE LLC
DONATION/INVESTMENT · SPECIAL PURPOSE ENTITY EITC PROGRAM · PA · general or managing partner
Directly controlled by RANDY TARPEY
-
CENTRAL PA SPE 2 LLC
DONATION/INVESTMENT · SPECIAL PURPOSE ENTITY EITC PROGRAM · PA · general or managing partner
Directly controlled by RANDY TARPEY
-
THE CHALLENGE PROGRAM SPECIAL PURPOSE ENTITY LLC
DONATION/INVESTMENT · SPECIAL PURPOSE ENTITY EITC PROGRAM · PA · general or managing partner
Directly controlled by RANDY TARPEY
-
CHILDRENS JUBILEE SCHOLARSHIP #1 LLC
DONATION/INVESTMENT · SPECIAL PURPOSE ENTITY EITC PROGRAM · PA · general or managing partner
Directly controlled by RANDY TARPEY
-
CHILDRENS JUBILEE SCHOLARSHIP #3 LLC
DONATION/INVESTMENT · SPECIAL PURPOSE ENTITY EITC PROGRAM · PA · general or managing partner
Directly controlled by RANDY TARPEY
-
CHILDRENS JUBILEE SCHOLARSHIP #4 LLC
DONATION/INVESTMENT · SPECIAL PURPOSE ENTITY EITC PROGRAM · PA · general or managing partner
Directly controlled by RANDY TARPEY
-
CHRISTIAN SCHOOL ASSOCIATION OF HARRISBURG PARTNERS
DONATION/INVESTMENT · SPECIAL PURPOSE ENTITY EITC PROGRAM · PA · general or managing partner
Directly controlled by RANDY TARPEY
-
THE COMMONPLACE SCHOLARSHIP #1 LLC
DONATION/INVESTMENT · SPECIAL PURPOSE ENTITY EITC PROGRAM · PA · general or managing partner
Directly controlled by RANDY TARPEY
-
COMMONWEALTH KIDS LLC
DONATION/INVESTMENT · SPECIAL PURPOSE ENTITY EITC PROGRAM · PA · general or managing partner
Directly controlled by RANDY TARPEY
-
COMMUNITY PARTNERSHIP SCHOOL LLC
DONATION/INVESTMENT · SPECIAL PURPOSE ENTITY EITC PROGRAM · PA · general or managing partner
Directly controlled by RANDY TARPEY
-
CORNERSTONE CHRISTIAN ACADEMY LLC
DONATION/INVESTMENT · SPECIAL PURPOSE ENTITY EITC PROGRAM · PA · general or managing partner
Directly controlled by RANDY TARPEY
-
DC SCHOLARSHIP PARTNERS LLC
DONATION/INVESTMENT · SPECIAL PURPOSE ENTITY EITC PROGRAM · PA · general or managing partner
Directly controlled by RANDY TARPEY
-
FREDERICK DOUGLASS PARTNERS LLC
DONATION/INVESTMENT · SPECIAL PURPOSE ENTITY EITC PROGRAM · PA · general or managing partner
Directly controlled by RANDY TARPEY
-
GMACJML
DONATION/INVESTMENT · SPECIAL PURPOSE ENTITY EITC PROGRAM · PA · general or managing partner
Directly controlled by RANDY TARPEY
-
HAMILTON ROAD EXCELLENCE #1 LLC
DONATION/INVESTMENT · SPECIAL PURPOSE ENTITY EITC PROGRAM · PA · general or managing partner
Directly controlled by RANDY TARPEY
-
HAMILTON ROAD EXCELLENCE #2 LLC
DONATION/INVESTMENT · SPECIAL PURPOSE ENTITY EITC PROGRAM · PA · general or managing partner
Directly controlled by RANDY TARPEY
-
HAMILTON ROAD EXCELLENCE #3 LLC
DONATION/INVESTMENT · SPECIAL PURPOSE ENTITY EITC PROGRAM · PA · general or managing partner
Directly controlled by RANDY TARPEY
-
HARRISBURG JEWISH SCHOLARSHIP #1 LLC
DONATION/INVESTMENT · SPECIAL PURPOSE ENTITY EITC PROGRAM · PA · general or managing partner
Directly controlled by RANDY TARPEY
-
HEHALLER LLC
DONATION/INVESTMENT · SPECIAL PURPOSE ENTITY EITC PROGRAM · PA · general or managing partner
Directly controlled by RANDY TARPEY
-
HKS SCHOLARSHIP LLC
DONATION/INVESTMENT · SPECIAL PURPOSE ENTITY EITC PROGRAM · PA · general or managing partner
Directly controlled by RANDY TARPEY
-
HOLY TRINITY ALTOONA SCHOLARSHIP LLC
DONATION/INVESTMENT · SPECIAL PURPOSE ENTITY EITC PROGRAM · PA · general or managing partner
Directly controlled by RANDY TARPEY
-
JOSHUA KIDS LLC
DONATION/INVESTMENT · SPECIAL PURPOSE ENTITY EITC PROGRAM · PA · general or managing partner
Directly controlled by RANDY TARPEY
-
JWDJR ENTERPRISES LLC
DONATION/INVESTMENT · SPECIAL PURPOSE ENTITY EITC PROGRAM · PA · general or managing partner
Directly controlled by RANDY TARPEY
-
KEHR PARTNERSHIP
DONATION/INVESTMENT · SPECIAL PURPOSE ENTITY EITC PROGRAM · PA · general or managing partner
Directly controlled by RANDY TARPEY
-
KEYSTONE STUDENTS LLC
DONATION/INVESTMENT · SPECIAL PURPOSE ENTITY EITC PROGRAM · PA · general or managing partner
Directly controlled by RANDY TARPEY
-
LIBERTY KIDS LLC
DONATION/INVESTMENT · SPECIAL PURPOSE ENTITY EITC PROGRAM · PA · general or managing partner
Directly controlled by RANDY TARPEY
-
LIGHTHOUSE KIDS LLC
DONATION/INVESTMENT · SPECIAL PURPOSE ENTITY EITC PROGRAM · PA · general or managing partner
Directly controlled by RANDY TARPEY
-
LV BIGS LLC
DONATION/INVESTMENT · SPECIAL PURPOSE ENTITY EITC PROGRAM · PA · general or managing partner
Directly controlled by RANDY TARPEY
-
MICROPLUPLUS INVESTMENT MANAGEMENT LLC
DONATION/INVESTMENT · SPECIAL PURPOSE ENTITY EITC PROGRAM · PA · general or managing partner
Directly controlled by RANDY TARPEY
-
MONTESSORI NETWORK #1 LLC
DONATION/INVESTMENT · SPECIAL PURPOSE ENTITY EITC PROGRAM · PA · general or managing partner
Directly controlled by RANDY TARPEY
-
MONTESSORI NETWORK #2 LLC
DONATION/INVESTMENT · SPECIAL PURPOSE ENTITY EITC PROGRAM · PA · general or managing partner
Directly controlled by RANDY TARPEY
-
MOUNTAIN TOP WELDING
DONATION/INVESTMENT · SPECIAL PURPOSE ENTITY EITC PROGRAM · PA · general or managing partner
Directly controlled by RANDY TARPEY
-
NORTH PHILADELPHIA SCHOLARSHIPS LLC
DONATION/INVESTMENT · SPECIAL PURPOSE ENTITY EITC PROGRAM · PA · general or managing partner
Directly controlled by RANDY TARPEY
-
PENNSYLVANIA ECUMENICAL JOINT VENTURE LLC
DONATION/INVESTMENT · SPECIAL PURPOSE ENTITY EITC PROGRAM · PA · general or managing partner
Directly controlled by RANDY TARPEY
-
PA KIDS LLC
DONATION/INVESTMENT · SPECIAL PURPOSE ENTITY EITC PROGRAM · PA · general or managing partner
Directly controlled by RANDY TARPEY
-
PA SCHOOL CHOICE LLC
DONATION/INVESTMENT · SPECIAL PURPOSE ENTITY EITC PROGRAM · PA · general or managing partner
Directly controlled by RANDY TARPEY
-
PENN EDUCATION LLC
DONATION/INVESTMENT · SPECIAL PURPOSE ENTITY EITC PROGRAM · PA · general or managing partner
Directly controlled by RANDY TARPEY
-
PENNSYLVANIA CHALLENGE VENTURE LLC
DONATION/INVESTMENT · SPECIAL PURPOSE ENTITY EITC PROGRAM · PA · general or managing partner
Directly controlled by RANDY TARPEY
-
PENNSLVANIA SCHOOL PARTNERS LLC
DONATION/INVESTMENT · SPECIAL PURPOSE ENTITY EITC PROGRAM · PA · general or managing partner
Directly controlled by RANDY TARPEY
-
PRESERVE AMERICAN HISTORY LLC
DONATION/INVESTMENT · SPECIAL PURPOSE ENTITY EITC PROGRAM · PA · general or managing partner
Directly controlled by RANDY TARPEY
-
SCHOLARSHIP OUR STUDENTS FUND
DONATION/INVESTMENT · SPECIAL PURPOSE ENTITY EITC PROGRAM · PA · general or managing partner
Directly controlled by RANDY TARPEY
-
SMALL SCHOOL SCHOLARSHIP ALLIANCE LLC
DONATION/INVESTMENT · SPECIAL PURPOSE ENTITY EITC PROGRAM · PA · general or managing partner
Directly controlled by RANDY TARPEY
-
STEEL KIDS LLC
DONATION/INVESTMENT · SPECIAL PURPOSE ENTITY EITC PROGRAM · PA · general or managing partner
Directly controlled by RANDY TARPEY
-
TNA PRIDE LLC
DONATION/INVESTMENT · SPECIAL PURPOSE ENTITY EITC PROGRAM · PA · general or managing partner
Directly controlled by RANDY TARPEY
-
VALLEY SCHOOL SCHOLARSHIPS LLC
DONATION/INVESTMENT · SPECIAL PURPOSE ENTITY EITC PROGRAM · PA · general or managing partner
Directly controlled by RANDY TARPEY
-
WARRIOR EDUCATION LLC
DONATION/INVESTMENT · SPECIAL PURPOSE ENTITY EITC PROGRAM · PA · general or managing partner
Directly controlled by RANDY TARPEY
-
WESLEY EDUCATION FUND LLC
DONATION/INVESTMENT · SPECIAL PURPOSE ENTITY EITC PROGRAM · PA · general or managing partner
Directly controlled by RANDY TARPEY
-
WESTCHESTER PARTNERS LLC
DONATION/INVESTMENT · SPECIAL PURPOSE ENTITY EITC PROGRAM · PA · general or managing partner
Directly controlled by RANDY TARPEY
-
WHITETAIL PA LLC
DONATION/INVESTMENT · SPECIAL PURPOSE ENTITY EITC PROGRAM · PA · general or managing partner
Directly controlled by RANDY TARPEY
-
WYNDCROFT 100 LLC
DONATION/INVESTMENT · SPECIAL PURPOSE ENTITY EITC PROGRAM · PA · general or managing partner
Directly controlled by RANDY TARPEY
-
YOUTH EMPLOYMENT SCHOLARSHIP FUND LLC
DONATION/INVESTMENT · SPECIAL PURPOSE ENTITY EITC PROGRAM · PA · general or managing partner
Directly controlled by RANDY TARPEY
-
YOUTH MENTORING SPE LLC
DONATION/INVESTMENT · SPECIAL PURPOSE ENTITY EITC PROGRAM · PA · general or managing partner
Directly controlled by RANDY TARPEY
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 14 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202513219349315271
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