Lock Haven University Foundation

Organization Overview

Lock Haven University Foundation is located in Lock Haven, PA. The organization was established in 1969. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2022, Lock Haven University Foundation employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lock Haven University 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, Lock Haven University Foundation generated $2.5m 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 (9.7%) each year. All expenses for the organization totaled $1.9m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (7.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Lock Haven University Foundation has awarded 39 individual grants totaling $6,747,983. 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO GENERATE AND MANAGE RESOURCES FOR THE BENEFIT OF LOCK HAVEN UNIVERSITY AND ITS STUDENTS.

Describe the Organization's Program Activity:

SUPPORT OF LOCK HAVEN UNIVERSITY'S ACADEMIC PROGRAMS BASED ON THE UNIVERSITY CASE FOR SUPPORT WHICH INCLUDES FACILITY UPGRADES, FACULTY ENHANCEMENTS, GLOBAL HONORS PROGRAMS, INTERNATIONAL EDUCATION, SCIENCE EDUCATION AND STUDENT ENHANCEMENTS AND INTERCOLLEGIATE ATHLETICS.


SUPPORT OF STUDENT SCHOLARSHIPS AND AWARDS BASED ON DONOR DESIGNATION AND CRITERIA. THE ORGANIZATION AWARDS NEARLY 400 ANNUAL SCHOLARSHIPS AND AWARDS TO BOTH FRESHMEN AND UPPERCLASSMEN BASED ON NEED AND MERIT.


OWN AND OPERATE TWO STUDENT HOUSING PROJECTS (EVERGREEN COMMONS AND THE FOUNDATION VILLAGE AT CLEARFIELD) FOR THE BENEFIT OF LOCK HAVEN OR ITS STUDENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Stephen Tasselli
Chair
$0
James Berkebile
Secretary
$0
Ronald Bowes
Member
$0
Robert Maguire
Vice Chair
$0
Edward Wright
Member
$0
Robert Lomison
Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$190
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,172,292
Noncash contributions included in lines 1a–1f $18,649
Total Revenue from Contributions, Gifts, Grants & Similar$1,172,482
Total Program Service Revenue$526,442
Investment income $365,961
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$324,631
Net Gain/Loss on Asset Sales $733,375
Net Income from Fundraising Events $58,576
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,532,205

Grants Awarded

Over the last fiscal year, Lock Haven University Foundation has awarded $909,769 in support to 8 organizations.

Grant RecipientAmount

LOCK HAVEN UNIVERSITY

PURPOSE: SCHOLARSHIPS & AID SUPPORT OF UNIVERSITY PROGRAMSSTUDENT AND FACULTY SCHOLARSHIPS AND AWARDSFUNDS TO ASSIST WITH CAPITAL IMPROVEMENTS

$904,583

STUDENT AUXILIARY SERVICES INC

PURPOSE: SCHOLARSHIPS & AID

$2,486

CLINTON COUNTY SPCA

PURPOSE: DONATION

$2,400

NATIONAL MS SOCIETY

Org PageRecipient Profile

New York, NY

PURPOSE: DONATION

$100

HOPE HOSE COMPANY

PURPOSE: DONATION

$50

CITIZENS HOSE COMPANY

PURPOSE: DONATION

$50
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 6 grants that Lock Haven University Foundation has recieved totaling $22,722.

Awarding OrganizationAmount
Stackpole Hall Foundation

Saint Marys, PA

PURPOSE: DIVERSITY PROJECT 2021

$10,000
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$6,163
Greenaway Foundation

Stamford, CT

PURPOSE: SCHOLARSHIPS & SPORTS TEAMS

$5,000
Mckesson Foundation

Dallas, TX

PURPOSE: CHARITABLE

$1,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$359
Graco Foundation

Minneapolis, MN

PURPOSE: GIFT MATCHING

$200
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$14,118,478
Earnings-$1,702,809
Admin Expense$223,593
Net Contributions$194,231
Grants$447,186
Ending Balance$11,939,122

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