PENNSBURY SCHOLARSHIP FOUNDATION: Form 990, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- PENNSBURY SCHOLARSHIP FOUNDATION (EIN 23-6390934)
- Tax period
- 2013-01-01 to 2013-12-31
- Filed
- 2014-11-18
- IRS object ID
- 201413229349301206
- Schema version
- 2013v3.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2014-11-18T11:17:24-08:00 | ReturnTs |
| Tax Period End | 2013-12-31 | TaxPeriodEndDt |
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2013-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 236390934 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Pennsbury Scholarship Foundation | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | PENN | BusinessNameControlTxt |
| Phone | 2154284145 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 33 Barnsbury Road | AddressLine1 |
| City | Langhorne | City |
| State | PA | State |
| ZIP Code | 190478104 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | LOUISE HARMAN | PersonNm |
| Person Title | TREASURER | PersonTitleTxt |
| Phone | 2154284145 | PhoneNum |
| Signature | 2014-11-13 | SignatureDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | JEFFREY SMITH | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 134 Yardley Ave | AddressLine1 |
| City | Fallsington | City |
| State | PA | State |
| ZIP Code | 19058 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $771,509 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | N/A | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1956 | FormationYr |
| Legal Domicile State | PA | LegalDomicileStateCd |
| Activity Or Mission | Since 1956, the Pennsbury Scholarship Foundation has existed to help deserving Pennsbury graduates achieve their goal of higher education, through scholarship grants and loans. | ActivityOrMissionDesc |
| Voting Members Governing Body | 21 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 18 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 25 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $35,640 | PYContributionsGrantsAmt |
| CY Contributions Grants | $42,515 | CYContributionsGrantsAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $86,819 | PYInvestmentIncomeAmt |
| CY Investment Income | $147,857 | CYInvestmentIncomeAmt |
| CY Other Revenue | $3,189 | CYOtherRevenueAmt |
| PY Total Revenue | $122,459 | PYTotalRevenueAmt |
| CY Total Revenue | $193,561 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $50,000 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $53,000 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| CY Salaries Comp Emp Bnft Paid | $0 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $20,341 | PYOtherExpensesAmt |
| CY Other Expenses | $103,665 | CYOtherExpensesAmt |
| PY Total Expenses | $70,341 | PYTotalExpensesAmt |
| CY Total Expenses | $156,665 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $52,118 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $36,896 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $2,881,196 | TotalAssetsBOYAmt |
| Total Assets EOY | $3,109,485 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $3,821 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $3,625 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $2,877,375 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $3,105,860 | NetAssetsOrFundBalancesEOYAmt |
| Mission | Since 1956, the Pennsbury Scholarship | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $139,936 | ExpenseAmt |
| Grant | $53,000 | GrantAmt |
| Desc | SCHOLARSHIPS AND INTEREST-FREE LOANS GRANTED TO PENNSBURY HIGH SCHOOL GRADUATES WHO MEET CERTAIN CRITERIA. IN 2013, SCHOLARSHIPS WERE GRANTED TO 47 SENIORS AND 16 GRADUATES. | Desc |
| Total Program Service Expenses | $139,936 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (true) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (true) | ReportOtherAssetsInd |
| Report Other Liabilities | false | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (true) | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | false | TransactionWithControlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 1 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (true) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (true) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 21 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 18 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | false | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | false | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | false | RegularMonitoringEnfrcInd |
| Whistleblower Policy | false | WhistleblowerPolicyInd |
| Document Retention Policy | false | DocumentRetentionPolicyInd |
| Compensation Process CEO | false | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | PA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | LOUISE P HARMAN | PersonNm |
| Phone | 2154284145 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 33 Barnsbury Road | AddressLine1 |
| City | Langhorne | City |
| State | PA | State |
| ZIP Code | 19047 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (20 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| RITZAU STEVEN | ||||||
| First Vice President | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| LINDBLOOM NORMA | ||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| HARMAN LOUISE | ||||||
| Treasurer | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| NOLTING LEON | ||||||
| Assistant Treasurer | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| MAGYAR VINCENT | ||||||
| Director | 2.00 | Yes (X) | $0 | $0 | $0 | |
| ADLER PAULA | ||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| BRADLEY MARY LOU | ||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| DUFFY HERBERT | ||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| HOUSEKNECHT RICHARD | ||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| KLEBAN SHERRY | ||||||
| Secretary | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| LONG WANDA | ||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| MCLAREN ROBERT | ||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| REGAN CAROL | ||||||
| Executive Vice President | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| SIBNER JEFFREY | ||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| SMITH JEFFREY | ||||||
| President | 2 | Yes (X) | Yes (X) | |||
| DUNAR DONNA | ||||||
| Director | 1 | Yes (X) | ||||
| MCHUGH KEVIN | ||||||
| Director | 1 | Yes (X) | ||||
| FLAX RANDI | ||||||
| Director | 1 | Yes (X) | ||||
| QUAKE RICHARD | ||||||
| Director | 1 | Yes (X) | ||||
| STRADLINGRANDY | ||||||
| Director | 1 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Former Ofcr Employees Listed | Yes (true) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
| All Other Contributions | $42,515 | AllOtherContributionsAmt |
| Total Contributions | $42,515 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $103,538 | TotalRevenueColumnAmt |
| Exclusion | $103,538 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $622,151 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $577,832 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $44,319 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $44,319 | TotalRevenueColumnAmt |
| Exclusion | $44,319 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $3,305 | FundraisingGrossIncomeAmt |
| Fundraising Direct Expenses | $116 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,189 | TotalRevenueColumnAmt |
| Exclusion | $3,189 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $193,561 | TotalRevenueColumnAmt |
| Exclusion | $151,046 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $53,000 | TotalAmt |
| Program Services | $53,000 | ProgramServicesAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,948 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $10,948 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,025 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $5,025 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $561 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $561 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| Miscellaneous | $35 | $0 | $35 | $0 |
| Registration fees | $160 | $0 | $160 | $0 |
| Bad debts | $86,936 | $86,936 | $0 | $0 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $156,665 | TotalAmt |
| Program Services | $139,936 | ProgramServicesAmt |
| Management And General | $16,729 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $42,625 | BOYAmt |
| EOY | $66,633 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,085 | BOYAmt |
| EOY | $78,084 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $326,834 | BOYAmt |
| EOY | $250,973 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $127 | BOYAmt |
| EOY | $506 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,043,063 | BOYAmt |
| EOY | $2,250,434 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $442,462 | BOYAmt |
| EOY | $462,855 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,881,196 | BOYAmt |
| EOY | $3,109,485 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,821 | BOYAmt |
| EOY | $3,625 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,821 | BOYAmt |
| EOY | $3,625 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,441,182 | BOYAmt |
| EOY | $2,647,847 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $436,193 | BOYAmt |
| EOY | $458,013 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,877,375 | BOYAmt |
| EOY | $3,105,860 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,881,196 | BOYAmt |
| EOY | $3,109,485 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $36,896 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $169,769 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $21,820 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | false | FSAuditedInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $54,152 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $24,275 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $51,147 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $35,640 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $42,515 | CurrentTaxYearAmt |
| Total | $207,729 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $54,152 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $24,275 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $51,147 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $35,640 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $42,515 | CurrentTaxYearAmt |
| Total | $207,729 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | $207,729 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $63,250 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $68,320 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $67,129 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $89,121 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $103,538 | CurrentTaxYearAmt |
| Total | $391,358 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $599,087 | TotalSupportAmt |
| Public Support CY170 | 0.34670 | PublicSupportCY170Pct |
| Public Support PY170 | 0.35710 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
| Public Support Total509 | $0 | PublicSupportTotal509Amt |
| Public Support CY509 | 0 | PublicSupportCY509Pct |
| Investment Income CY | 0 | InvestmentIncomeCYPct |
Form990 Schedule A Part IV Form990ScheduleAPartIVGrp (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Pt II Line 17a | The organization maintains a continuous and bona fide |
| Pt II Line 17a | program for solicitation of funds from the general |
| Pt II Line 17a | public and the Pennsbury community. The organization |
| Pt II Line 17a | has a Board of Directors which represents the broad |
| Pt II Line 17a | interests of the public. The organization provides |
| Pt II Line 17a | scholarships and loans directly for the benefit of |
| Pt II Line 17a | graduates of Pennsbury on an annual basis. |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $436,193 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $53,619 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $17,030 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $14,769 | AdministrativeExpensesAmt |
| End Year Balance | $458,013 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $408,253 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $48,964 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $14,469 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $6,555 | AdministrativeExpensesAmt |
| End Year Balance | $436,193 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $432,832 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | -$3,268 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $15,475 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $5,836 | AdministrativeExpensesAmt |
| End Year Balance | $408,253 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $399,098 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $53,162 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $16,227 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $3,201 | AdministrativeExpensesAmt |
| End Year Balance | $432,832 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $328,714 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $92,888 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $17,537 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $4,967 | AdministrativeExpensesAmt |
| End Year Balance | $399,098 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Endowments Held Unrelated Org | Yes (true) | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | false | EndowmentsHeldRelatedOrgInd |
Other Assets Org OtherAssetsOrgGrp (2 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| Accrued Interest Receivable | $4,842 |
| Beneficial Interest in Perpetual Trust | $458,013 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $462,855 | TotalBookValueOtherAssetsAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Pt V Line 4 | FormAndLineReferenceDesc |
| Explanation | The foundation receives income from a trust held by an unrelated organization. Distributions from the trust are reported as trust fund income when received. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt |
|---|---|---|
| Grants, none exceeding $5,000 | 63 | $53,000 |
| Loans, none exceeding $5,000 | 63 | $53,000 |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Pt I Line 2 | All scholarships are based equally on four criteria: need, academic achievement, |
| Pt I Line 2 | leadership and character. Additionally, all scholarships |
| Pt I Line 2 | are awarded as one-half grant and one-half zero-interest loan, |
| Pt I Line 2 | repayable starting 6 months after the student completes post-secondary |
| Pt I Line 2 | education. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)
| Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt |
|---|---|---|
| DUNAR DONNA | ||
| $140,000 | $36,505 | $176,505 |
| MCHUGH KEVIN | ||
| $180,000 | $56,962 | $236,962 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (13 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Pt VI, Line 12c | Each director, principal officer and member of a committee with governing |
| Pt VI, Line 12c | board delegated powers shall annually sign a statement which |
| Pt VI, Line 12c | affirms such person, has received a copy of policy, read and |
| Pt VI, Line 12c | understands the policy, and agrees to comply with policy. |
| Pt VI, Line 7a | Certain Board members related to the Pennsbury School |
| Pt VI, Line 7a | District are automatically appointed to the Foundation |
| Pt VI, Line 7a | Board as enumerated in the Foundation's By-Laws. |
| Pt VI, Line 11b | The final Form 990 is provided to the Board after filing. |
| Pt VI, Line 8b | Some committees do not keep minutes of their actions |
| Pt VI, Line 8b | but all committees must have any of their recommend- |
| Pt VI, Line 8b | ations approved by the Board of Directors. |
| Form 990EZ, Part II, Line 24 | ACCRUED INTEREST RECEIVABLE STUDENT LOANS FIXED ASSETS, NET BENEFICIAL INTEREST IN PERPETUAL TRUST |
| Form 990EZ, Part II, Line 26 | ACCRUED EXPENSES |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Pennsbury School District | BusinessNameLine1 |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Box 338 - 134 Yardley Avenue | AddressLine1 |
| City | Fallsington | City |
| State | PA | State |
| ZIP Code | 19058 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 236004087 | EIN |
| Primary Activities | EDUCATION | PrimaryActivitiesTxt |
| Legal Domicile State | PA | LegalDomicileStateCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (true) | SharingOfFacilitiesInd |
| Paid Employees Sharing | false | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (true) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |
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