Cpi Foundation Inc
- Assets
- $1.1m
- Revenue
- $83.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Pleasant Gap, PA
- Founding
- 07/2013
- Data as of
- 06/2021
- EIN
- 45-4023363
Organization Overview
Cpi Foundation Inc is located in Pleasant Gap, PA. The organization was established in 2013. According to its NTEE Classification (U11) the organization is classified as: Single Organization Support, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cpi Foundation Inc 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 06/2021, Cpi Foundation Inc generated $83.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $80.6k during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE EDUCATIONAL MISSION OF CENTRAL PENNSYLVANIA INSTITUTE OF SCIENCE AND TECHNOLOGY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CPI FOUNDATION, INC.'S PRIMARY PURPOSE IS TO SUPPORT THE EDUCATIONAL MISSION OF THE CENTRAL PENNSYLVANIA INSTITUTE OF SCIENCE AND TECHNOLOGY ("CPI"), SERVING AS ITS NON-PROFIT PARTNER FOR FUNDRAISING FROM PUBLIC AND PRIVATE SOURCES TO HELP PROVIDE INCREASED SCHOLARSHIP OPPORTUNITIES AS WELL AS PROVIDING FUNDING OPPORTUNITIES FOR EXPANDING EQUIPMENT, TECHNOLOGY AND INFRASTRUCTURE FOR THE VARIOUS CAREER AND TECHNICAL EDUCATIONAL PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas F Songer II Board Chairman | OfficerTrustee | 1 | $0 |
William Macmath Board Vice Chairman | OfficerTrustee | 1 | $0 |
Erin Moore Secretary/treasurer | OfficerTrustee | 1 | $0 |
Matt Nussbaum Board Member | Trustee | 1 | $0 |
Rick Slebodnik Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $25,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $55,460 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $80,460 |
| Total Program Service Revenue | $0 |
| Investment income | $2,886 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $83,346 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $22,856 |
| 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 | $4,920 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $49,284 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,157 |
| Advertising and promotion | $1,308 |
| Office expenses | $334 |
| 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 | $698 |
| All other expenses | $0 |
| Total functional expenses | $80,557 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $523,368 |
| Savings and temporary cash investments | $404,856 |
| Pledges and grants receivable | $187,400 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,115,624 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $11,155 |
| 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 | $11,155 |
| Net assets without donor restrictions | $1,104,469 |
| Net assets with donor restrictions | $0 |
| 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 | $1,115,624 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cpi Foundation Inc has recieved totaling $750.
| Awarding Organization | Amount |
|---|---|
Garver David B Yw Fbo Elks Lodge Pittsburgh, PA PURPOSE: GENERAL OPERATING | $750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Robertson Research Fund Inc Cold Spring Harbor, NY | $140,499,325 | $10,256,252 |
Iop Publishing Incorporated Philadelphia, PA | $1,720,227 | $5,024,861 |
American Association For Anatomy Rockville, MD | $14,782,902 | $3,441,263 |
Aip Foundation College Park, MD | $932,385 | $1,213,393 |
Reloop Americas Research Institute Stanfordville, NY | $16,070 | $408,500 |
Women In Manufacturing Education Foundation Independence, OH | $183,082 | $189,036 |
American Society Of Mechanical Engineers Auxiliary Inc New York, NY | $1,749,585 | $117,733 |
Cpi Foundation Inc Pleasant Gap, PA | $1,115,624 | $83,346 |
Abet Foundation Inc Baltimore, MD | $243,734 | $0 |