Bradford Educational Foundation
- Assets
- $39.2m
- Revenue
- $7.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Bradford, PA
- Founding
- 08/1981
- Data as of
- 06/2022
- EIN
- 25-1399653
Organization Overview
Bradford Educational Foundation is located in Bradford, PA. The organization was established in 1981. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bradford Educational 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, Bradford Educational Foundation generated $7.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.2% each year . All expenses for the organization totaled $2.3m during the year ending 06/2022. While expenses have increased by 5.4% 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
TO SUPPORT THE UNIVERSITY OF PITTSBURGH AT BRADFORD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO RECEIVE, ADMINISTER AND DISTRIBUTE PROPERTY EXCLUSIVELY IN CONNECTION WITH AND FOR THE BENEFIT OF THE BRADFORD CAMPUS OF THE UNIVERSITY OF PITTSBURGH FOR EDUCATIONAL, CHARITABLE OR CULTURAL PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard T Esch Vice President | OfficerTrustee | 1 | $0 |
Craig Hartburg President | OfficerTrustee | 1 | $0 |
Timothy Fannin Secretary | OfficerTrustee | 1 | $0 |
Steven E Williams Treasurer | Officer | 1 | $0 |
Thomas Bromeley Director (through 10/27/21) | Trustee | 1 | $0 |
Christy L Clark Ruffner Director | Trustee | 1 | $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 | $3,935,861 |
| Noncash contributions included in lines 1a–1f | $159,492 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,935,861 |
| Total Program Service Revenue | $0 |
| Investment income | $821,951 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,438,352 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,196,164 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,717,369 |
| 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 | $12,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $260,614 |
| Fees for services: Other | $0 |
| 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 | $5,116 |
| All other expenses | $0 |
| Total functional expenses | $2,279,770 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,053,780 |
| Pledges and grants receivable | $3,769,850 |
| 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 | $31,517,237 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,862,819 |
| Total assets | $39,203,686 |
| 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 | $0 |
| Other liabilities | $732,504 |
| Total liabilities | $732,504 |
| Net assets without donor restrictions | $7,666,122 |
| Net assets with donor restrictions | $30,805,060 |
| 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 | $39,203,686 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bradford Educational Foundation has recieved totaling $202,000.
| Awarding Organization | Amount |
|---|---|
Pembroke Foundation Tr Uw Mary S Hostetler 02221999 Bradford, PA PURPOSE: TO SUPPORT GENERAL OPERATING EXPENSES | $202,000 |
Endowment Analysis
| Beg. Balance | $38,335,307 |
| Earnings | -$4,577,052 |
| Admin Expense | $435,478 |
| Net Contributions | $584,625 |
| Other Expense | $380,289 |
| Grants | $800,939 |
| Ending Balance | $32,726,174 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Auxiliary Services State University College At Oswego Inc Oswego, NY | $22,384,872 | $17,397,841 |
Union Institute & University Cincinnati, OH | $9,527,741 | $17,880,804 |
New York School Of Interior Design New York, NY | $51,839,026 | $19,439,647 |
Campus Auxiliary Services Inc Geneseo, NY | $17,284,029 | $15,748,461 |
Cleveland State University Foundation Cleveland, OH | $110,232,117 | $11,409,961 |
Morgan State University Foundation Incorporated Baltimore, MD | $141,263,372 | $14,542,251 |
Nysernetorg Inc Syracuse, NY | $20,513,816 | $10,109,446 |
University Auxiliary Services At Albany Inc Albany, NY | $43,160,685 | $14,879,703 |
Suny Cobleskill Auxiliary Services Inc Cobleskill, NY | $8,795,968 | $7,700,761 |
New York College Of Health Professions Syosset, NY | $13,423,184 | $7,322,070 |
Central Yeshiva Tomchei Timimim Lubavitz Of The U S A Brooklyn, NY | $11,238,577 | $6,653,725 |
Newark Campus Development Fund Newark, OH | $44,149,352 | $5,377,217 |