Lincoln University Foundation Of Pennsylvania
- Assets
- $21.6m
- Revenue
- $21.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Lincoln University, PA
- Founding
- 11/2019
- Data as of
- 06/2021
- EIN
- 84-2085409
Organization Overview
Lincoln University Foundation Of Pennsylvania is located in Lincoln University, PA. The organization was established in 2019. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Lincoln University Foundation Of Pennsylvania is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
LINCOLN UNIVERSITY FOUNDATION OF PA (THE "FOUNDATION") IS A PRIVATE NON-PROFIT CORPORATION INCORPORATED IN PENNSYLVANIA IN 1986. THE LINCOLN UNIVERSITY FOUNDATION OF PENNSYLVANIA IS A SEPARATELY INCORPORATED 501(C)3 ORGANIZED FOR THE PURPOSE OF SERVING AS A SUPPORTING ORGANIZATION AND FOUNDATION TO LINCOLN UNIVERSITY OF THE COMMONWEALTH SYSTEM OF HIGHER EDUCATION. THE FOUNDATION MANAGES AND OVERSEES ALL ASPECTS OF FUNDRAISING FOR THE UNIVERSITY (INCLUDING BUT NOT LIMITED TO ALUMNI GIVING, CAPITAL CAMPAIGNS, PLANNED GIFTS), THE SCHOLARSHIP PROGRAM FOR UNIVERSITY STUDENTS (FROM PRIVATE DONORS), GRANTS TO LINCOLN UNIVERSITY FOR VARIOUS EDUCATIONAL PROGRAMS, AS WELL AS FUNDRAISING AND DEVELOPMENT OF RESOURCES TO OVERSEE OTHER UNIVERSITY PROGRAMS AND NEEDS AS REQUESTED BY THE UNIVERSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN THIS INITIAL YEAR OF OPERATIONS, THE FOUNDATION BEGAN COLLECTING CONTRIBUTIONS. PROGRAM EXPENSES WERE INCURRED FOR ACTIVITIES PROVIDED BY THE UNIVERSITY FOR WHICH THE FOUNDATION HAD COLLECTED CONTRIBUTIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dwight Taylor President | Officer | 4 | $0 |
Donald Notice Secretary | Officer | 4 | $0 |
Pamela Bundy Treasurer | Officer | 4 | $0 |
Dr Brenda Allen Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $100,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $21,647,418 |
| Noncash contributions included in lines 1a–1f | $165,076 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,747,418 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $21,747,418 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $123,060 |
| Compensation of current officers, directors, key employees. | $123,060 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| 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 | $137,014 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $14,447 |
| Total functional expenses | $274,521 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,368,680 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $200,000 |
| 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 | $41,231 |
| Total assets | $21,609,911 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $137,014 |
| 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 | $137,014 |
| Net assets without donor restrictions | $20,198,536 |
| Net assets with donor restrictions | $1,274,361 |
| 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 | $21,609,911 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Lincoln University Foundation Of Pennsylvania has recieved totaling $15,500.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
Marcum Foundation Inc Miami, FL PURPOSE: GENERAL SUPPORT | $5,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Maryland College Park Foundation Inc College Park, MD | $869,831,500 | $109,216,276 |
Stony Brook Foundation Inc Stony Brook, NY | $732,698,663 | $129,247,386 |
University At Buffalo Foundation Inc Buffalo, NY | $1,104,161,290 | $45,943,366 |
Americans For Ben-Gurion University Inc New York, NY | $873,598,749 | $105,090,161 |
Ohio University Foundation Athens, OH | $641,559,157 | $75,179,430 |
Anderson Center Services Inc Staatsburg, NY | $47,866,926 | $36,341,767 |
Forrestal Agricultural Corporation Princeton, NJ | $368,119,233 | $43,096,782 |
University Of Maryland Foundation Inc Adelphi, MD | $2,110,990,979 | $62,167,598 |
Faculty-Student Assoc Of State University Of Ny At Stony Brook Stony Brook, NY | $54,956,974 | $31,334,535 |
University Of Maryland Baltimore Foundation Inc Baltimore, MD | $437,980,331 | $59,974,746 |
Pelotonia Columbuus, OH | $27,807,886 | $34,892,875 |
Foundation For Indiana University Of Pennsylvania Indiana, PA | $226,911,998 | $27,994,482 |