Bear Creek Foundation Inc
- Assets
- $22.1m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Bear Creek Township, PA
- Founding
- 03/2008
- Data as of
- 12/2021
- EIN
- 20-8519595
Organization Overview
Bear Creek Foundation Inc is located in Bear Creek Township, PA. The organization was established in 2008. 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. Bear Creek Foundation Inc 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 12/2021, Bear Creek Foundation Inc generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $1.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION SUPPORTS CHARITABLE, EDUCATIONAL AND PHILANTHROPIC ACTIVITIES WITHIN THE COMMUNITY, ADMINISTERS EDUCATIONAL SCHOLARSHIP PROGRAMS AND OWNS AND MAINTAINS REAL ESTATE TO SUPPORT ITS MISSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION CONTINUES TO LEASE THE PROPERTY LOCATED AT 30 CHARTER SCHOOL WAY TO BEAR CREEK COMMUNITY CHARTER SCHOOL. THE FOUNDATION CONTINUES TO PROVIDE ACTIVITIES FOR THE LOCAL COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Popple President | OfficerTrustee | 1 | $0 |
Joe Farrell Secretary | OfficerTrustee | 1 | $0 |
Frank Butry Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $4,737 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,878 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,615 |
| Total Program Service Revenue | $1,242,804 |
| Investment income | $24,196 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,283,336 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,888 |
| Grants and other assistance to domestic individuals. | $1,162 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $36,590 |
| Fees for services: Accounting | $4,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,139 |
| Fees for services: Other | $9,900 |
| Advertising and promotion | $335 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $800 |
| Travel | $4,505 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $420,922 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $551,590 |
| Insurance | $2,984 |
| All other expenses | $988 |
| Total functional expenses | $1,073,849 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $775,457 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,011 |
| 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 | $259 |
| Net Land, buildings, and equipment | $20,644,412 |
| Investments—publicly traded securities | $652,212 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $22,097,351 |
| Accounts payable and accrued expenses | $66,893 |
| Grants payable | $0 |
| Deferred revenue | $5,774,275 |
| 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 | $11,823,744 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $17,664,912 |
| Net assets without donor restrictions | $4,417,334 |
| Net assets with donor restrictions | $15,105 |
| 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 | $22,097,351 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bear Creek Foundation Inc has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
The Luzerne Foundation Wilkesbarre, PA PURPOSE: NEW CHARTER SCHOOL | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Joan And Irwin Jacobs Technion-Cornell Innovation Instit New York, NY | $205,040,861 | $18,316,542 |
Tikvah Fund New York, NY | $103,047,859 | $6,270,985 |
Cigna Foundation Philadelphia, PA | $165,016,072 | $8,084,237 |
Echoing Green Inc New York, NY | $60,744,468 | $19,754,073 |
Partnership For Ed Advancement Inc New York, NY | $36,194,552 | $41,198,488 |
Alavi Foundation New York, NY | $64,468,510 | $30,201,673 |
Children Scholarship Fund Philadelphia Philadelphia, PA | $24,817,690 | $13,351,193 |
Knowledgeworks Foundation Cincinnati, OH | $34,010,195 | $7,717,304 |
Foundation For Jewish Day Schools Of Greater Philadelphia Philadelphia, PA | $5,671,351 | $11,978,701 |
Uncommon Lender Inc New York, NY | $174,239,408 | $12,168,791 |