Luzerne County Community College Foundation Inc
- Assets
- $8.7m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Nanticoke, PA
- Founding
- 02/1984
- Data as of
- 06/2022
- EIN
- 22-2482796
Organization Overview
Luzerne County Community College Foundation Inc is located in Nanticoke, PA. The organization was established in 1984. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, 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. Luzerne County Community College 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 06/2022, Luzerne County Community College Foundation Inc generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $1.1m during the year ending 06/2022. While expenses have increased by 6.2% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST IN RAISING FUNDS IN SUPPORT OF THE MISSION OF THE LUZERNE COUNTY COMMUNITY COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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 $502,423 FOR THE FISCAL YEAR ENDING JUNE 30, 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leann Fallabel President | OfficerTrustee | 0.3 | $0 |
Karen Natishan Treasurer | OfficerTrustee | 0.3 | $0 |
Traci Donahue Immediate Past President | OfficerTrustee | 0.3 | $0 |
Daniel Landesberg First Vice-President | OfficerTrustee | 0.3 | $0 |
Deborah Mozal Executive Secretary | OfficerTrustee | 0.3 | $0 |
Ryan Mcgowan Second Vice-President | OfficerTrustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,568 |
| Related organizations | $0 |
| Government grants | $436,513 |
| All other contributions, gifts, grants, and similar amounts not included above | $713,103 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,151,184 |
| Total Program Service Revenue | $0 |
| Investment income | $138,904 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $231,791 |
| Net Income from Fundraising Events | $44,702 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,566,581 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $23,325 |
| Grants and other assistance to domestic individuals. | $502,423 |
| 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 | $0 |
| Fees for services: Accounting | $15,265 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $34,510 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $36,916 |
| 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 | $1,897 |
| All other expenses | $0 |
| Total functional expenses | $1,083,037 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $204,910 |
| Savings and temporary cash investments | $798,699 |
| 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 | $6,541,859 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,139,003 |
| Total assets | $8,684,471 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $4,195 |
| 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 | $371,604 |
| Total liabilities | $375,799 |
| Net assets without donor restrictions | $253,744 |
| Net assets with donor restrictions | $8,054,928 |
| 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 | $8,684,471 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Luzerne County Community College Foundation Inc has recieved totaling $71,609.
| Awarding Organization | Amount |
|---|---|
Organization Name not Listed PURPOSE: CHARITABLE SCHOLARSHIP | | $30,000 |
Benco Family Foundation Pittston, PA PURPOSE: CHARITABLE | $15,000 |
Mericle Foundation Wilkes Barre, PA PURPOSE: 2021 EDUCATION AND CAREER DEVELOPMENT SUMMER CAMPS | $10,000 |
The Luzerne Foundation Wilkesbarre, PA PURPOSE: DISBURSEMENTS AND EQUIPMENT | $6,793 |
William J And Dora J Kalnoski Memorial Scholarship Fund Bloomsburg, PA PURPOSE: ACADEMIC SCHOLARSHIPS | $3,800 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $2,641 |
Endowment Analysis
| Beg. Balance | $4,073,823 |
| Earnings | -$518,814 |
| Other Expense | $77,484 |
| Ending Balance | $3,477,525 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maria College Albany, NY | $31,705,663 | $17,053,225 |
Villa Maria College Of Buffalo Buffalo, NY | $9,472,664 | $15,072,401 |
Christ College Of Nursing Andhealth Sciences Cincinnati, OH | $10,994,626 | $16,669,063 |
Monroe Community College Assn Inc Rochester, NY | $45,662,437 | $9,260,852 |
Northampton County Area Community College Foundation Bethlehem, PA | $90,958,462 | $10,129,172 |
Montgomery College Foundation Inc Rockville, MD | $114,232,820 | $9,502,498 |
Rural Regional College Of Northern Pennsylvania Warren, PA | $5,615,741 | $6,853,923 |
The Chatfield Edge St Martin, OH | $13,777,194 | $3,802,569 |
Faculty Student Association Of Hudson Valley-Community College Troy, NY | $21,516,761 | $4,749,556 |
Dutchess Community College Association Inc Poughkeepsie, NY | $29,032,305 | $3,364,848 |
Howard Community College Educational Foundation Inc Columbia, MD | $15,584,506 | $3,702,279 |
Faculty Student Association Of Nassau Community College Inc Garden City, NY | $3,142,669 | $4,037,426 |