Lancaster Education Foundation
- Assets
- $2.0m
- Revenue
- $654.9k
- Investments
- $0.0
- Employees
- 4
- Location
- Lancaster, PA
- Founding
- 08/1990
- Data as of
- 06/2023
- EIN
- 23-2583874
Organization Overview
Lancaster Education Foundation is located in Lancaster, PA. The organization was established in 1990. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2023, Lancaster Education Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lancaster Education 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 06/2023, Lancaster Education Foundation generated $654.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $791.8k during the year ending 06/2023. While expenses have increased by 7.6% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SPECIAL PROGRAMS TO ENHANCE THE EDUCATION OPPORTUNITIES FOR STUDENTS IN THE SCHOOL DISTRICT OF LANCASTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LANCASTER EDUCATION FOUNDATION'S PRIMARY PURPOSE IS TO SUPPORT THE MISSION AND PROGRAMS OF THE SCHOOLS OF THE SCHOOL DISTRICT OF LANCASTER, SERVING AS ITS NON-PROFIT PARTNER FOR DISTRICT FUNDRAISING, INCREASING AMOUNTS OF SCHOLARSHIPS AWARDED, SUPPORTING AND INCREASING DUAL ENROLLMENT OPPORTUNITIES AND DEVELOPING A ROBUST MCCASKEY ALUMNI NETWORK IN SUPPORT OF THE SCHOOL DISTRICT OF LANCASTER, ITS STUDENTS AND ITS GRADUATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marcy Radcliffe Treasurer | OfficerTrustee | 4 | $0 |
Christine Carrigan President | OfficerTrustee | 2 | $0 |
Barbara Boben Secretary | OfficerTrustee | 4 | $0 |
Annette Medina-Plaza Vice President | OfficerTrustee | 1 | $0 |
Justin Reese Director | Trustee | 1 | $0 |
Julie Young Meirowitz Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $55,137 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $205,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $365,750 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $626,387 |
| Total Program Service Revenue | $0 |
| Investment income | $38,422 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$8,133 |
| Net Income from Fundraising Events | -$1,765 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $654,911 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $323,839 |
| Grants and other assistance to domestic individuals. | $141,979 |
| 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 | $112,688 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,995 |
| 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 | $108,976 |
| Advertising and promotion | $22,401 |
| Office expenses | $31,335 |
| 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 | $644 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,319 |
| All other expenses | $35,635 |
| Total functional expenses | $791,811 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $142,119 |
| Savings and temporary cash investments | $0 |
| 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 | $1,842,908 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,985,027 |
| Accounts payable and accrued expenses | $875 |
| 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 | $0 |
| Total liabilities | $875 |
| Net assets without donor restrictions | $549,628 |
| Net assets with donor restrictions | $1,434,524 |
| 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 | $1,985,027 |
Grants Awarded
Over the last fiscal year, Lancaster Education Foundation has awarded $194,316 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SCHOOL DISTRICT OF LANCASTER PURPOSE: EDUCATIONAL GRANTS | $174,316 |
MILLERSVILLE UNIVERSITY FOUNDATION PURPOSE: EDUCATIONAL GRANTS | $20,000 |