Blackhawk School District Educational Foundation
- Assets
- $262.3k
- Revenue
- $73.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Beaver Falls, PA
- Founding
- Data as of
- 12/2023
- EIN
- 87-1648173
Organization Overview
Blackhawk School District Educational Foundation is located in Beaver Falls, PA. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Blackhawk School District 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 12/2023, Blackhawk School District Educational Foundation generated $73.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (48.9%) each year. All expenses for the organization totaled $83.3k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FINANCIAL ASSISTANCE TO ENABLE STUDENTS ENROLLED IN THE BLACKHAWK SCHOOL DISTRICT TO ENGAGE IN ACADEMIC PURSUITS ENRICHMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE POST-SECONDARY EDUCATION SCHOLARSHIPS PROGRAM ALLOWS INDIVIDUALS, BUSINESSES, AND OTHER NON-PROFIT ENTITIES TO MAKE GRANTS AND CONTRIBUTIONS TO PROVIDE SCHOLARSHIPS FOR SENIORS GRADUATING FROM BLACKHAWK SCHOOL DISTRICT WHO ARE PURSUING POST-SECONDARY EDUCATION AT A TRADE OR TECHNICAL SCHOOL, TWO-YEAR COLLEGES, OR FOUR-YEAR COLLEGES OR UNIVERSITIES OR OTHER APPROVED POST-SECONDARY PROGRAMS. INDIVIDUAL SCHOLARSHIP CRITERIA ARE ESTABLISHED BY DONORS WITH APPROVAL OF THE ORGANIZATION, IN WHICH IT RELIES ON INPUT FROM THE HIGH SCHOOL ADMINISTRATION IN SELECTING APPLICANT AWARDESS. DURING THE 2023 FISCAL YEAR, THE FOUNDATION AUTHORIZED $10,950 IN SCHOLARSHIP AWARDS; $48,400 ENDOWNMENT FUNDS WERE TRANSFERRED TO A 501(C)(3) ORGANIZATION.
FUNDS ALLOCATED BY THE ORGANIZATION TO THE ENRICHMENT PROGRAM ARE USED TO SUPPORT TEACHERS AND STUDENTS IN THE BLACKHAWK SCHOOL DISTRICT. THIS PROGRAM PROVIDES FUNDING FOR EDUCATIONAL ENRICHMENT INCLUDING CLASSROOM PROGRAMMING, EDUCATIONAL SUPPLIES AND MATERIALS, FIELD TRIPS AND OTHER ITEMS IN LINE WITH THE MISSION OF THE BSDEF, SUBJECT TO THE APPROVAL OF THE BLACKHAWK SCHOOL DISTRICT ADMINISTRATION AND BOARD OF DIRECTORS. THIS PROGRAM ALSO PROVIDES FUNDING FOR AID TO STUDENTS AND THEIR FAMILIES AS IDENTIFIED BY THE SCHOOL DISTRICT ADMINISTRATION INCLUDING CLOTHING, FOOD, UTILITIES, ETC., SUBJECT TO FINAL APPROVAL BY THE BSDEF BOARD OF DIRECTORS.
THE ASSET IMPROVEMENT PROGRAM ALLOCATES FUNDS IN CONSULTATION WITH THE BLACKHAWK SCHOOL DISTRICT. ALL PURCHASES FUNDED BY THE ORGANIZATION WILL BECOME PROPERTY OF THE DISTRICT. THERE WAS NO ACTIVITY DURING THE 2023 FOR THIS PROGRAM AS THE BSDEF AND BLACKHAWK SCHOOL DISTRICT HAVE CHOSEN AT THIS TIME TO FOCUS EFFORTS ON THE SCHOLARSHIP AND ENRICHMENT PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bryan Wright President | OfficerTrustee | 1 | $0 |
Brad Jones Vicepres Term 723 | OfficerTrustee | 0.5 | $0 |
Mark Kopsack Secretary | OfficerTrustee | 0.5 | $0 |
Kellie Coennen Treasurer | OfficerTrustee | 0.5 | $0 |
Leslie Saliba Director Term 923 | Trustee | 0.5 | $0 |
Nathan Kopsack Director | Trustee | 0.5 | $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 | $61,158 |
| Noncash contributions included in lines 1a–1f | $21,956 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $61,158 |
| Total Program Service Revenue | $0 |
| Investment income | $11,652 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,074 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $73,884 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,471 |
| Grants and other assistance to domestic individuals. | $10,950 |
| 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 | $5,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,533 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,542 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $1,458 |
| 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 | $941 |
| All other expenses | $0 |
| Total functional expenses | $83,308 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,578 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $475 |
| 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 | $239,233 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $262,286 |
| Accounts payable and accrued expenses | $1,851 |
| 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 | $1,851 |
| Net assets without donor restrictions | $48,135 |
| Net assets with donor restrictions | $212,300 |
| 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 | $262,286 |