Lancaster Education Foundation
- Assets
- $2.0m
- Revenue
- $602.4k
- Investments
- $0.0
- Employees
- 4
- Location
- Lancaster, PA
- Founding
- 08/1990
- Data as of
- 06/2022
- 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 06/2022, 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 06/2022, Lancaster Education Foundation generated $602.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $606.2k during the year ending 06/2022. While expenses have increased by 10.5% 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
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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marcy Radcliffe President | OfficerTrustee | 2 | $0 |
Christine Carrigan Vice President | OfficerTrustee | 1 | $0 |
Erin Bavington Secretary | OfficerTrustee | 4 | $0 |
Barbara Boben Director | Trustee | 4 | $0 |
Dr Damaris Rau Superintendent | Trustee | 1 | $0 |
Annette Plaza Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $44,904 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $79,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $444,294 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $568,198 |
| Total Program Service Revenue | $0 |
| Investment income | $30,589 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,852 |
| Net Income from Fundraising Events | $1,735 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $602,374 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $189,570 |
| Grants and other assistance to domestic individuals. | $114,895 |
| 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 | $137,533 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,324 |
| 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 | $59,508 |
| Advertising and promotion | $16,208 |
| Office expenses | $30,922 |
| 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 | $1,110 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,187 |
| All other expenses | $38,930 |
| Total functional expenses | $606,187 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $234,078 |
| 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 | $1,733,985 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,968,063 |
| Accounts payable and accrued expenses | $804 |
| 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 | $804 |
| Net assets without donor restrictions | $408,326 |
| Net assets with donor restrictions | $1,558,933 |
| 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 | $1,968,063 |
Grants Awarded
Over the last fiscal year, Lancaster Education Foundation has awarded $167,901 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SCHOOL DISTRICT OF LANCASTER PURPOSE: EDUCATIONAL GRANTS | $117,901 |
Millersville, PA PURPOSE: EDUCATIONAL GRANTS | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Lancaster Education Foundation has recieved totaling $90,404.
| Awarding Organization | Amount |
|---|---|
Lancaster County Community Foundation Lancaster, PA PURPOSE: DESIGNATED FOR GENERAL OPERATING SUPPORT, PROGRAM TO PROVIDE BOOKS TO 2ND GRADERS, BARNEY EWELL STATUE | $42,407 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: SUPPORT | $30,000 |
Pennsylvania Automotive Association Foundation Harrisburg, PA PURPOSE: GENERAL SUPPORT | $17,000 |
Russell And Eleanor Horn Foundation Dover, PA PURPOSE: EDUCATIONAL SERVICES | $500 |
Clark Assoc Charitable Fdn Lancaster, PA PURPOSE: PROVIDE SUPPORT FOR A VARIETY OF SCHOOL PROJECTS IN SCHOOL DISTRICT OF LANCASTER | $400 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $97 |
Endowment Analysis
| Beg. Balance | $150,850 |
| Net Contributions | $74,335 |
| Other Expense | $539 |
| Ending Balance | $224,646 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trustees Of The Lawrenceville School Lawrenceville, NJ | $908,146,906 | $142,227,478 |
The Hill School Pottstown, PA | $339,549,890 | $89,638,080 |
Regents Of The Mercersburg College Mercersburg, PA | $535,140,744 | $49,172,082 |
Gilman School Inc Baltimore, MD | $238,892,271 | $38,036,593 |
Blair Academy Blairstown, NJ | $256,075,147 | $54,316,334 |
Holton-Arms School Inc Bethesda, MD | $133,918,121 | $38,119,997 |
Western Reserve Academy Hudson, OH | $203,998,204 | $58,141,913 |
The Seven Hills Schools Cincinnati, OH | $111,206,150 | $34,365,521 |
Morristown-Beard School Morristown, NJ | $71,175,267 | $35,071,625 |
Pennington School Pennington, NJ | $95,126,184 | $33,377,887 |
St Andrews Episcopal School Inc Potomac, MD | $83,174,031 | $30,817,454 |
St Andrews School Of Delaware Inc Middletown, DE | $398,873,444 | $32,788,416 |