Lancaster County Career & Technology Foundation
- Assets
- $719.2k
- Revenue
- $594.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Willow Street, PA
- Founding
- 02/2003
- Data as of
- 06/2021
- EIN
- 02-0649256
Organization Overview
Lancaster County Career & Technology Foundation is located in Willow Street, PA. The organization was established in 2003. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lancaster County Career & Technology Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Lancaster County Career & Technology Foundation generated $594.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $653.9k during the year ending 06/2021. While expenses have increased by 14.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Lancaster County Career & Technology Foundation has awarded 48 individual grants totaling $2,947,928. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENSURE THAT LANCASTER COUNTY CAREER AND TECHNOLOGY CENTER HAS THE MATERIALS, THE EQUIPMENT AND THE FUNDING TO PROVIDE THE BEST IN CAREER TRAINING FOR HIGH SCHOOL STUDENTS AND ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROMOTION, ENHANCEMENT AND ENDOWMENT OF EDUCATIONAL AND LEARNING OPPORTUNITIES WITHIN THE LANCASTER COUNTY CAREER AND TECHNOLOGY CENTER. MORE THAN 300 STUDENTS ANNUALLY WILL BENEFIT FROM THE NEW EQUIPMENT. SCHOLARSHIPS WERE GIVEN TO 38 STUDENTS AND ADDITIONAL STUDENT ASSISTANCE TO OTHERS TO PROVIDE HANDS ON TRAINING IN TECHNOLOGY. NEW CHOICES PROGRAM WHICH PROMOTES STUDENTS IN NONTRADITIONAL OCCUPATIONS AND SUMMER HEAD START PROGRAM THAT PROMOTES COMMUNITY ACTION PROGRAM OF LANCASTER WHICH ASSIST FAMILIES TO SEND THIER CHILDREN TO THE PRE-K PROGRAM RUN BY BRIGHT HORIZONS AT THE MOUNT JOY CAMPUS WHICH PROVIDES EDUCATIONAL OPPORTUNITIES FOR LANCASTER COUNTY CAREER AND TECHNOLOGY STUDENTS.
THE PURPOSE OF THE PRE-K PROGRAM IS TO PROVIDE EXPERIENCE TO STUDENTS ENROLLED IN THE EARLY EDUCATION PROGRAM BY DESIGNING, DEVELOPING AND DELIVERING EARLY LEARNING ACTIVITIES IN CONJUCTION WITH BRIGHT HORIZONS CHILDCARE FACILITY.
THE PURPOSE OF THE STUDENT ASSISTANCE PROGRAM IS TO PROVIDE FINANCIAL ASSISTANCE FOR STUDENTS TO PURCHASE UNIFORMS, BOOKS, TOOLS AND TO HELP COVER THE COST OF CERTIFICATION FEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Baker Executive Di | Officer | 20 | $50,130 |
Louis J Farina Vice Preside | OfficerTrustee | 1 | $0 |
Darryl Gordon President | OfficerTrustee | 1 | $0 |
King T Knox Chairman Eme | OfficerTrustee | 1 | $0 |
Logan Myers Vice Preside | OfficerTrustee | 1 | $0 |
Donald Lookenbill Co-Vice Pres | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $24,555 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $489,857 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $514,412 |
| Total Program Service Revenue | $21,412 |
| Investment income | $614 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $57,585 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $594,023 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $230,080 |
| Grants and other assistance to domestic individuals. | $12,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $50,130 |
| Compensation of current officers, directors, key employees. | $50,130 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,887 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,555 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $16,608 |
| Total functional expenses | $653,908 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $608,782 |
| Savings and temporary cash investments | $110,412 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $719,194 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $139 |
| Total liabilities | $139 |
| Net assets without donor restrictions | $113,607 |
| Net assets with donor restrictions | $605,448 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $719,194 |
Grants Awarded
Over the last fiscal year, Lancaster County Career & Technology Foundation has awarded $185,580 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
LANCASTER COUNTY CAREER ANDTECHNOLOGY CENTER PURPOSE: EQUIPMENT/SUPPLIES | $106,280 |
Lancaster, PA PURPOSE: SCHOLARSHIPS | $32,500 |
Mount Joy, PA PURPOSE: SCHOLARSHIPS | $32,500 |
BRIGHT HORIZONS FAMILY SOLUTIONS LL PURPOSE: PRE-K TUITION | $14,300 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Lancaster County Career & Technology Foundation has recieved totaling $211,636.
| Awarding Organization | Amount |
|---|---|
Lancaster County Community Foundation Lancaster, PA PURPOSE: DESIGNATED FOR GENERAL OPERATING SUPPORT, WORKFORCE TALENT 2020 - TRANSPORTATION | $190,011 |
Ryan Brubaker Foundation Lititz, PA PURPOSE: DONATION | $10,000 |
Pennsylvania Automotive Association Foundation Harrisburg, PA PURPOSE: GENERAL SUPPORT | $10,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $1,500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $125 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alfred P Sloan Foundation New York, NY | $2,105,880,634 | $192,527,982 |
Mastercard Impact Fund Purchase, NY | $207,268,769 | $96,050,288 |
Business Leadership Organized For Catholic Schools King Of Prussia, PA | $82,544,630 | $55,644,917 |
Central Pennsylvania Scholarship Fund Tyrone, PA | $42,508,819 | $45,167,381 |
Foundation For Advanced Education In The Sciences Inc Bethesda, MD | $54,757,501 | $41,367,941 |
Arcus Foundation New York, NY | $264,733,626 | $35,703,685 |
The Childrens Scholarship Fund New York, NY | $36,136,002 | $24,710,520 |
Math For America Inc New York, NY | $15,709,494 | $20,036,646 |
The Posse Foundation Inc New York, NY | $120,660,725 | $44,739,225 |
Inner-City Scholarship Fund Inc New York, NY | $115,829,957 | $24,751,034 |
Somerset Community Services Inc Marion Station, MD | $23,511,474 | $20,221,070 |
College Now Greater Cleveland Inc Cleveland, OH | $24,271,314 | $18,465,003 |