Lycoming Foundation

Organization Overview

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.

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.


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Board, Officers & Key Employees

Name (title)Compensation
Peter S Bower
Treasurer
$0
Thomas B Burkholder
President
$0
Ruth Croyle
Secretary
$0
Dennis P Beck
Trustee
$0
Robert Crockett
Trustee
$0
James E Douthat
Trustee
$0

Financial Statements

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

Grants Awarded

Over the last fiscal year, Lycoming Foundation has awarded $325,000 in support to 2 organizations.

Grant RecipientAmount

FIRST COMMUNITY FOUND PNTR OF PAFCFP

PURPOSE: PROMOTINF EC ON DEVE

$250,000

FIRST COMMUNITY FOUND PNTR OF PAFCFP

PURPOSE: CAPITAL CAMPAIGN

$75,000
View Grant Profile

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