Lycoming Foundation is located in Williamsport, PA. The organization was established in 1957. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lycoming Foundation is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Lycoming Foundation generated $726.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $90.2k 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 ORGANIZATION MAKES LOANS THROUGH A REVOLVING LOAN FUND, TO PROMOTE LYCOMING COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS OPERATED BY A BOARD OF TRUSTEES AND ITS PURPOSE IS TO PROMOTE THE ECONOMIC, COMMERCIAL, ANDINDUSTRIAL WELFARE OF LYCOMING COUNTY. THE FOUNDATION HAS CREATED A REVOLVING LOAN FUND TO CONSTRUCT AND REPAIR BUILDINGS, PURCHASE,SELL AND LEASE REAL ESTATE, AND TO LEND FUNDS FOR THE ECONOMIC DEVELOPMENT OF THE COUNTY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Peter S Bower Treasurer | Officer | 1 | $0 |
Thomas B Burkholder President | Officer | 1.5 | $0 |
Ruth Croyle Secretary | Officer | 1 | $0 |
Dennis P Beck Trustee | Trustee | 1 | $0 |
Robert Crockett Trustee | Trustee | 1 | $0 |
James E Douthat Trustee | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $50,537 |
Investment income | $181,067 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $495,264 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $726,868 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
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. | $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 | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $72,884 |
Fees for services: Other | $15,931 |
Advertising and promotion | $0 |
Office expenses | $0 |
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 | $1,339 |
All other expenses | $0 |
Total functional expenses | $90,154 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $1,476,556 |
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 | $1,112 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $10,573,617 |
Investments—other securities | $0 |
Investments—program-related | $1,213,750 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $13,265,035 |
Accounts payable and accrued expenses | $895 |
Grants payable | $370,272 |
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 | $371,167 |
Net assets without donor restrictions | $12,893,868 |
Net assets with donor restrictions | $0 |
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 | $13,265,035 |
Over the last fiscal year, Lycoming Foundation has awarded $325,000 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
FIRST COMMUNITY FOUND PNTR OF PAFCFP PURPOSE: PROMOTINF EC ON DEVE | $250,000 |
FIRST COMMUNITY FOUND PNTR OF PAFCFP PURPOSE: CAPITAL CAMPAIGN | $75,000 |
Organization Name | Assets | Revenue |
---|---|---|
The Selz Foundation New York, NY | $142,395,054 | $24,456,334 |
Rita Allen Foundation Princeton, NJ | $219,012,203 | $23,878,841 |
Jacob And Hilda Blaustein Foundation Inc Baltimore, MD | $130,688,531 | $27,779,767 |
The Derfner Foundation New York, NY | $158,472,968 | $13,106,656 |
Jill Roberts Charitable Foundation Inc Garden City, NY | $11,485 | $9,710,793 |
James And Merryl Tisch Foundation Inc New York, NY | $1,291,425 | $11,020,609 |
Tortuga Foundation New York, NY | $110,168,381 | $33,186,414 |
Clark-Winchcole Foundation Bethesda, MD | $197,708,650 | $12,024,655 |
The Joseph H Flom Foundation New York, NY | $6,836,169 | $3,314,736 |
Head & Heart Foundation Tr Wilmington, DE | $258,907,072 | $16,871,801 |
The Applebaum Foundation Inc New York, NY | $229,643,281 | $16,929,047 |
Deutsche Bank Americas Foundation New York, NY | $38,867,163 | $11,020,529 |