Parkland School District Education Foundation
- Assets
- $757.5k
- Revenue
- $434.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Allentown, PA
- Founding
- 09/2011
- Data as of
- 06/2024
- EIN
- 45-2645543
Organization Overview
Parkland School District Education Foundation is located in Allentown, PA. The organization was established in 2011. 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, Parkland School District Education Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Parkland School District Education 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, Parkland School District Education Foundation generated $434.5k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $354.2k during the year ending 06/2024. While expenses have increased by 5.7% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE FOUNDATION IS TO RAISE FUNDS TO PROMOTE, ENHANCE, AND SUPPLEMENT THE EDUCATIONAL AND CO-CURRICULAR PROGRAMS FOR THE BENEFIT OF STUDENTS AND STAFF IN THE PARKLAND SCHOOL DISTRICT IN ORDER TO PRESERVE A TRADITION OF EXCELLENCE AND HELP BUILD THE DREAMS OF CHILDREN IN OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS AN INDEPENDENT PUBLIC CHARITY DEDICATED TO ENCOURAGING COMMUNITY-WIDE PARTICIPATION AND PHILANTHROPY IN ORDER TO ENHANCE AND EXPAND ENRICHMENT OPPORTUNITIES FOR ALL STUDENTS IN THE PARKLAND SCHOOL DISTRICT AND INSURE LONG-RANGE FINANCIAL FLEXIBILITY FOR SCHOOLS WITHIN THE DISTRICT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Ervin Executive Di | Officer | 40 | $54,439 |
Tori Morgan President | OfficerTrustee | 4 | $0 |
Erin Heintzelman Vice Preside | OfficerTrustee | 4 | $0 |
Chris Zumberge Treasurer | OfficerTrustee | 4 | $0 |
John Pfeiffer Secretary | OfficerTrustee | 4 | $0 |
Stephanie Kobal Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $107,899 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $294,251 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $402,150 |
| Total Program Service Revenue | $0 |
| Investment income | $11,251 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,676 |
| Net Income from Fundraising Events | $8,494 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $434,514 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $211,223 |
| 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. | $71,829 |
| Compensation of current officers, directors, key employees. | $23,943 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,425 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,529 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,989 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,518 |
| Office expenses | $4,213 |
| 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 | $1,990 |
| All other expenses | $0 |
| Total functional expenses | $354,173 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $446,132 |
| Savings and temporary cash investments | $109,146 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $202,240 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $757,518 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $698,683 |
| Net assets with donor restrictions | $58,835 |
| 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 | $757,518 |