Edinboro University Foundation
- Assets
- $41.3m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 3
- Location
- Edinboro, PA
- Founding
- 01/1999
- Data as of
- 06/2024
- EIN
- 25-1819940
Organization Overview
Edinboro University Foundation is located in Edinboro, PA. The organization was established in 1999. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2024, Edinboro University Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edinboro 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 06/2024, Edinboro University Foundation generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (27.9%) each year. All expenses for the organization totaled $1.3m during the year ending 06/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE EDINBORO UNIVERSITY FOUNDATION WAS FOUNDED IN 1998 TO SUPPORT THE MISSION OF EDINBORO UNIVERSITY OF PENNSYLVANIA, NOW PENNSYLVANIA WESTERN UNIVERSITY, THROUGH THE CULTIVATION AND MANAGEMENT OF GIFTS, GRANTS, AND OTHER RESOURCES FOR THE BENEFIT OF THE STUDENTS AND FACULTY OF EDINBORO UNIVERSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS TO PENNSYLVANIA WESTERN UNIVERSITY AT EDINBORO STUDENTS
DONOR GIFTS AND GRANTS TO PENNSYLVANIA WESTERN UNIVERSITY AT EDINBORO
PROGRAM SUPPORT FOR THE BENEFIT OF PENNSYLVANIA WESTERN UNIVERSITY AT EDINBORO, EDINBORO UNIVERSITY ALUMNI ASSOCIATION AND OTHER CHARITABLE ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Scalise Executive Di | Officer | 37.5 | $96,058 |
Aamir Anwar Board Member | Trustee | 1 | $0 |
Patricia Davis Secretary | OfficerTrustee | 2 | $0 |
Marilyn Goellner Chair | OfficerTrustee | 2 | $0 |
Larry Johnson Board Member | Trustee | 1 | $0 |
Matthew O'malley Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bauer Specialty & Leafguard Gutters Repairs & Maintenance | 6/29/15 | $700,003 |
Rabe Enviromental Systems Inc Preventative Maintenance | 6/29/15 | $100,311 |
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 | $870,729 |
| Noncash contributions included in lines 1a–1f | $19,885 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $870,729 |
| Total Program Service Revenue | $479,756 |
| Investment income | $265,457 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$500,470 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,115,472 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $749,673 |
| 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 | $226,580 |
| Pension plan accruals and contributions | $6,826 |
| Other employee benefits | $38,953 |
| Payroll taxes | $18,021 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,490 |
| Fees for services: Accounting | $23,775 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $170,579 |
| Fees for services: Other | $24,950 |
| Advertising and promotion | $0 |
| Office expenses | $21,285 |
| Information technology | $17,967 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,205 |
| 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 | $1,834 |
| Insurance | $11,347 |
| All other expenses | $961 |
| Total functional expenses | $1,320,446 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,809,466 |
| Savings and temporary cash investments | $893,130 |
| Pledges and grants receivable | $64,000 |
| Accounts receivable, net | $6,636 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $17,955 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $37,410,066 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,067,423 |
| Total assets | $41,268,676 |
| Accounts payable and accrued expenses | $3,099 |
| Grants payable | $0 |
| Deferred revenue | $27,701 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $25,726,028 |
| 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 | $80,040 |
| Total liabilities | $25,836,868 |
| Net assets without donor restrictions | $6,468,017 |
| Net assets with donor restrictions | $8,963,791 |
| 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 | $41,268,676 |
Grants Awarded
Over the last fiscal year, Edinboro University Foundation has awarded $3,208,660 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
EDINBORO UNIVERSITY PURPOSE: UNIVERSITY SUPPORT | $1,596,004 |