The Luzerne Foundation is located in Wilkesbarre, PA. The organization was established in 1994. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2021, Luzerne Foundation employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Luzerne 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 12/2021, Luzerne Foundation generated $4.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (18.0%) each year. All expenses for the organization totaled $3.2m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (21.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Luzerne Foundation has awarded 1,013 individual grants totaling $80,742,178. 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
RAISES CONTRIBUTIONS FROM THE COMMUNITY TO SUPPORT CHARITABLE AND EDUCATIONAL ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LUZERNE FOUNDATION IS A COMMUNITY FOUNDATION SERVING THE NEEDS OF INDIVIDUALS AND ORGANIZATIONS WITHIN LUZERNE COUNTY, PENNSYLVANIA. AS A COMMUNITY FOUNDATION WE PROMOTE PHILANTHROPY AND SERVE AS STEWARDS OF THE RESOURCES OUR DONORS INVEST THROUGH US TO SUPPORT THE COMMUNITY PROGRAMS WHICH THEY FUND. OUR GOAL IS TO DEVELOP AND MANAGE FUNDS THROUGH PHILANTHROPIC SUPPORT BY AREA DONORS THAT MEET EMERGING COMMUNITY NEEDS AND WILL CONTINUE TO ADDRESS THOSE NEEDS THROUGH FUTURE GENERATIONS.THE LUZERNE FOUNDATION'S MISSION IS TO WORK TO ENHANCE THE LIVES OF LUZERNE COUNTY RESIDENTS BY EVALUATING AND ADDRESSING COMMUNITY NEEDS THROUGH STRATEGIC GRANTMAKING, PROMOTING RESPONSIBLE PHILANTHROPY, AND CONNECTING DONORS TO CAUSES THAT MATTER TO THEM.TO FULFILL OUR MISSION WE WILL... ENCOURAGE DONORS TO MAKE EFFECTIVE CHARITABLE DECISIONS THROUGH OUR DONOR-CENTRIC APPROACH TO PHILANTHROPY.GROW THE FOUNDATION'S UNRESTRICTED ASSETS TO PROVIDE FOR DIVERSE COMMUNITY NEEDS FOR GENERATIONS TO COME.LISTEN TO THE NEEDS OF OUR DONORS, NONPROFITS, AND OUR COMMUNITY AS A WHOLE.COLLABORATE TO SUPPORT CREATIVE SOLUTIONS TO BUILD CAPACITY IN OUR NONPROFITS AND WORK CLOSELY WITH PROFESSIONAL ADVISORS, OTHER NONPROFITS, AND COMMUNITY LEADERSUPPORTING KEY COMMUNITY AREASTHROUGH AN INCLUSIVE STRATEGIC INITIATIVE, WE IDENTIFIED SEVEN SPECIFIC AREAS OF SUPPORT THAT OUR COMMUNITY FOUNDATION IS FOCUSED ON TO MEET AND IMPROVE OUR MISSION OF ENSURING A HEALTHY AND SUSTAINABLE COMMUNITY. THOSE SEVEN KEY AREAS OF CONCENTRATION INCLUDE: SOCIAL SERVICES, EDUCATION AND SCHOLARSHIPS, ARTS AND CULTURE, NEIGHBORHOODS AND COMMUNITY DEVELOPMENT, YOUTH ISSUES, HISTORIC PRESERVATION AND THE ENVIRONMENT, AND HEALTH AND WELLNESS. WE ACCOMPLISH THIS MISSION BY ASSISTING DONORS OF ALL SIZES TO CREATE AND ENDOW VARIOUS TYPES OF FUNDS. THESE FUND TYPES INCLUDE: UNRESTRICTED, DONOR-ADVISED, FIELD OF INTEREST, DESIGNATED, SCHOLARSHIP, AS WELL AS ORGANIZATIONAL ENDOWMENTS. BY WORKING WITH INDIVIDUALS, FAMILIES, COMPANIES, NONPROFITS, PROFESSIONAL ADVISORS AND OTHER FOUNDATIONS, WE CONVEY INFORMATION ABOUT EXISTING FUNDS AND LOCAL NONPROFITS AND PROVIDE OPTIONS FOR DONORS TO PHILANTHROPICALLY MEET THEIR CHARITABLE GIVING GOALS.SCHEDULE I LISTS GRANTS AWARDED DURING THE CURRENT YEAR. EDUCATION AND RESOURCESWE BELIEVE EDUCATION IS A KEY TO GROW PHILANTHROPY IN OUR COMMUNITIES AND CONTINUED SUPPORT OF OUR COMMUNITY FOUNDATION. WE PROVIDE EDUCATIONAL SEMINARS TO ASSIST CURRENT AND POTENTIAL DONORS IN UNDERSTANDING AND APPLYING THE BENEFITS OF DONATING THROUGH OUR ORGANIZATION AND TO ASSIST THEM IN MATCHING THEIR INTERESTS TO THE NEEDS OF OUR COMMUNITY. WE CONVEY THE LATEST AND MOST IMPORTANT INFORMATION ABOUT TRENDS AND LEGISLATION, FREE OF CHARGE TO INTERESTED INDIVIDUALS AND ORGANIZATIONS. THROUGH OUR COLLABORATION WITH THE NONPROFIT & COMMUNITY ASSISTANCE CENTER (NCAC) AND THE NORTHEASTERN PENNSYLVANIA CHAPTER OF THE ASSOCIATION OF FUNDRAISING PROFESSIONALS (AFP) WE HAVE ACCESS TO AND PROVIDE DISSEMINATION OF THE RECOMMENDATIONS AND BEST PRACTICES ON THE INDUSTRY.ADDITIONALLY, WE HAVE A KNOWLEDGEABLE AND PROFESSIONAL STAFF WHO ARE ABLE AND WILLING TO PROVIDE PHILANTHROPIC ASSISTANCE AND GUIDANCE TO INDIVIDUALS AND ORGANIZATIONS IN OUR AREA. THE STAFF'S LONG TENURE AND TRAINING ALONG WITH THE REGIONAL AND NATIONAL RESOURCES AVAILABLE TO THEM ENSURE THAT THE MOST EFFECTIVE INFORMATION IS AT HAND.CONVERSATIONS AND COLLABORATIONSA KEY ELEMENT TO ACCOMPLISH THE MISSION OF THE LUZERNE FOUNDATION IS COLLABORATION TO SUPPORT CREATIVE SOLUTIONS TO BUILD CAPACITY IN OUR NONPROFITS AND WORK CLOSELY WITH PROFESSIONAL ADVISORS, OTHER NONPROFITS, AND COMMUNITY LEADERS. OUR FOUNDATION HAS A PROUD HISTORY OF FUNCTIONING AS A CATALYST TO CONVENE DIVERSE GROUPS IN IDENTIFYING AND MEETING COMMUNITY NEEDS THROUGH DIRECTED GIVING. OUR FOCUS ON ENCOURAGING DONORS TO MAKE EFFECTIVE CHARITABLE DECISIONS THROUGH OUR DONOR-CENTRIC APPROACH TO PHILANTHROPY COMBINED WITH OUR ABILITY TO LISTEN TO THE NEEDS OF DONORS, NONPROFITS AND COMMUNITY LEADERS AND SUPPORTERS LEVERAGES THOSE CONVERSATIONS AND PARTNERSHIPS FOR COMMUNITY BETTERMENT.HERE FOR GOOD WE ARE "HERE FOR GOOD." THE LUZERNE FOUNDATION, ESTABLISHED IN 1994, HELPS PEOPLE CREATE FUNDS TO DO GOOD FOR TODAY AND GOOD THAT LASTS FOR TOMORROW. THE LUZERNE FOUNDATION MANAGES OVER 360 FUNDS OF WHICH NO TWO ARE EXACTLY ALIKE. THE FOUNDATION DISTRIBUTED MORE THAN $172 M IN GRANTS SINCE ITS INCEPTION TO MEET COMMUNITY CHALLENGES LOCALLY AND GLOBALLY. WITH OVER $50 MILLION IN ASSETS, THE FOUNDATION IS A POSITIVE FORCE FOR GOOD IN OUR COMMUNITIES. WE MAKE IT EASY FOR DONORS TO FIND INFORMATION ABOUT LOCAL NONPROFITS THAT ALIGN WITH CHARITABLE GIVING GOALS, AND SUPPLY INFORMATION ABOUT STARTING THEIR OWN FUND WITHIN THE FOUNDATION.WE ARE HERE FOR GOOD TO GROW THE FOUNDATION'S UNRESTRICTED ASSETS TO PROVIDE FOR DIVERSE COMMUNITY NEEDS FOR GENERATIONS TO COME.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Charles M Barber President And CEO (ret. 6/30/21) | Officer | 45 | $138,009 |
C David Pedri President And CEO (began 9/1/21) | Officer | 45 | $52,673 |
Robert Korjeski Chief Financial Officer | Officer | 3 | $8,000 |
John Dowd Chairman | OfficerTrustee | 0.1 | $0 |
Tara Wilson Vice Chairman | OfficerTrustee | 0.1 | $0 |
Robert Gill Treasurer | OfficerTrustee | 0.1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $85,890 |
Related organizations | $0 |
Government grants | $63,299 |
All other contributions, gifts, grants, and similar amounts not included above | $3,403,322 |
Noncash contributions included in lines 1a–1f | $296,606 |
Total Revenue from Contributions, Gifts, Grants & Similar | $3,552,511 |
Total Program Service Revenue | $0 |
Investment income | $701,531 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $625,173 |
Net Income from Fundraising Events | -$15,771 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $4,874,447 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $2,143,406 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $208,167 |
Compensation of current officers, directors, key employees. | $67,699 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $249,980 |
Pension plan accruals and contributions | $10,198 |
Other employee benefits | $47,339 |
Payroll taxes | $35,302 |
Fees for services: Management | $0 |
Fees for services: Legal | $27,461 |
Fees for services: Accounting | $21,090 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $60,541 |
Fees for services: Other | $10,372 |
Advertising and promotion | $1,483 |
Office expenses | $26,741 |
Information technology | $27,483 |
Royalties | $0 |
Occupancy | $9,974 |
Travel | $10,652 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $3,914 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $19,003 |
Insurance | $14,632 |
All other expenses | $0 |
Total functional expenses | $3,229,439 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $100 |
Savings and temporary cash investments | $2,628,504 |
Pledges and grants receivable | $2,152,292 |
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 | $650,798 |
Investments—publicly traded securities | $48,637,730 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $54,069,424 |
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 | $70,622 |
Other liabilities | $11,320,640 |
Total liabilities | $11,391,262 |
Net assets without donor restrictions | $41,378,745 |
Net assets with donor restrictions | $1,299,417 |
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 | $54,069,424 |
Over the last fiscal year, The Luzerne Foundation has awarded $1,995,887 in support to 79 organizations.
Grant Recipient | Amount |
---|---|
Dallas, PA PURPOSE: SCHOLARSHIPS, PROGRAM SUPPORT, ANNUAL DISTRIBUTIONS, EQUIPMENT | $158,305 |
Wilkesbarre, PA PURPOSE: PROGRAM SUPPORT | $156,048 |
Allentown, PA PURPOSE: PROGRAM SUPPORT | $148,845 |
GEISINGER COMMONWEALTH SCHOOL OF MEDICINE PURPOSE: SCHOLARSHIP AWARDS, MATCHING GIFT, GALA AND GOLF TOURNAMENT | $141,718 |
Freeland, PA PURPOSE: EDUCATIONAL ENHANCEMENTS; PROGRAM SUPPORT | $112,533 |
VERNON BAPTIST CHURCH PURPOSE: PROGRAM SUPPORT | $101,000 |
Over the last fiscal year, we have identified 14 grants that The Luzerne Foundation has recieved totaling $649,134.
Awarding Organization | Amount |
---|---|
Allone Foundation Wilkesbarre, PA PURPOSE: IMPROVE HEALTH AND WELLNESS OF PEOPLE IN NORTHEASTERN AND NORTH CENTRAL PA | $262,000 |
The Luzerne Foundation Wilkesbarre, PA PURPOSE: PROGRAM SUPPORT | $156,048 |
Allone Charities Wilkesbarre, PA PURPOSE: GENERAL USE OF THE ORGANIZATION | $100,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $48,000 |
The Luzerne Foundation Wilkesbarre, PA PURPOSE: MILES FOR MICHAEL TRAVEL PROJECT, BOOK SCHOLARSHIPS, STEM EQUIPMENT PURCHASES | $35,367 |
The Luzerne Foundation Wilkesbarre, PA PURPOSE: PROGRAM SUPPORT | $20,000 |
Beg. Balance | $42,909,958 |
Earnings | $6,379,254 |
Admin Expense | $574,394 |
Net Contributions | $1,764,555 |
Grants | $1,841,643 |
Ending Balance | $48,637,730 |
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 |