PENNSBURY SCHOLARSHIP FOUNDATION: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- PENNSBURY SCHOLARSHIP FOUNDATION (EIN 23-6390934)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-11-15
- IRS object ID
- 201343199349308404
- Schema version
- 2012v2.0
- 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) |
|---|---|---|
| Timestamp | 2013-11-15T12:40:55-08:00 | Timestamp |
| Tax Period End Date | 2012-12-31 | TaxPeriodEndDate |
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 236390934 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PENNSBURY SCHOLARSHIP FOUNDATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | PENN | NameControl |
| Phone | 2154284145 | Phone |
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 |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | LOUISE HARMAN | Name |
| Title | TREASURER | Title |
| Phone | 2154284145 | Phone |
| Date Signed | 2013-11-15 | DateSigned |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | JEFFREY SMITH | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| 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 | 311850 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | N/A | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1956 | YearFormation |
| State Legal Domicile | PA | StateLegalDomicile |
| Activity Or Mission Description | Since 1956, the Pennsbury Scholarship Foundation has existed to help deserving Pennsbury graduates achieve their goal of higher education, through scholarship grants and loans. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 21 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 18 | NbrIndependentVotingMembers |
| Total Nbr Employees | 0 | TotalNbrEmployees |
| Total Nbr Volunteers | 25 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Contributions Grants Prior Year | 48747 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 35640 | ContributionsGrantsCurrentYear |
| Program Service Revenue CY | 0 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 103809 | InvestmentIncomePriorYear |
| Investment Income Current Year | 86819 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | -1231 | OtherRevenuePriorYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 151325 | TotalRevenuePriorYear |
| Total Revenue Current Year | 122459 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 50000 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 50000 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Current Year | 0 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 26263 | OtherExpensePriorYear |
| Other Expenses Current Year | 20341 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 76263 | TotalExpensesPriorYear |
| Total Expenses Current Year | 70341 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 75062 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 52118 | RevenuesLessExpensesCY |
| Total Assets BOY | 2676241 | TotalAssetsBOY |
| Total Assets EOY | 2881196 | TotalAssetsEOY |
| Total Liabilities BOY | 3534 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 3821 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 2672707 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 2877375 | NetAssetsOrFundBalancesEOY |
| Mission Description | Since 1956, the Pennsbury Scholarship | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 50000 | Expense |
| Grants | 50000 | Grants |
| Description | SCHOLARSHIPS AND INTEREST-FREE LOANS GRANTED TO PENNSBURY HIGH SCHOOL GRADUATES WHO MEET CERTAIN CRITERIA. IN 2012, SCHOLARSHIPS WERE GRANTED TO 42 SENIORS AND 15 GRADUATES. | Description |
| Total Program Service Expense | 50000 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Subject To Proxy Tax | false | SubjectToProxyTax |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | true | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | true | ReportOtherAssets |
| Report Other Liabilities | false | ReportOtherLiabilities |
| Report Fin48 Footnote | false | ReportFin48Footnote |
| Independent Audit Financial Stmt | false | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | false | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | true | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | true | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transaction Related Entity | false | TransactionRelatedEntity |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 1 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 0 | NumberOfEmployees |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | true | QuidProQuoContributions |
| Quid Pro Quo Disclosure | true | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 21 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 18 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | true | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | false | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | false | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | false | RegularMonitoringEnforcement |
| Whistleblower Policy | false | WhistleblowerPolicy |
| Document Retention Policy | false | DocumentRetentionPolicy |
| Compensation Process CEO | false | CompensationProcessCEO |
| Compensation Process Other | false | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | PA | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | LOUISE P HARMAN | NamePerson |
| Telephone Number | 2154284145 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 33 BARNSBURY ROAD | AddressLine1 |
| City | LANGHORNE | City |
| State | PA | State |
| ZIP Code | 19047 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (21 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | FormerFormer |
|---|---|---|---|---|---|---|---|
| RITZAU STEVEN | |||||||
| First Vice President | 2.00 | X | X | 0 | 0 | 0 | |
| LINDBLOOM NORMA | |||||||
| Director | 1.00 | X | 0 | 0 | 0 | ||
| GILLESPIE MARILEE | |||||||
| Director | 1.00 | X | 0 | 0 | 0 | X | |
| HARMAN LOUISE | |||||||
| Treasurer | 2.00 | X | X | 0 | 0 | 0 | |
| NOLTING LEON | |||||||
| Assistant Treasurer | 2.00 | X | X | 0 | 0 | 0 | |
| MAGYAR VINCENT | |||||||
| Secretary | 2.00 | X | X | 0 | 0 | 0 | |
| ADLER PAULA | |||||||
| Director | 1.00 | X | 0 | 0 | 0 | ||
| BRADLEY MARY LOU | |||||||
| Director | 1.00 | X | 0 | 0 | 0 | ||
| DEBLASIO DEBBIE | |||||||
| Director | 1.00 | X | 0 | 0 | 0 | X | |
| DETAMPLE KIM | |||||||
| Director | 1.00 | X | 0 | 0 | 0 | X | |
| DUFFY HERBERT | |||||||
| Director | 1.00 | X | 0 | 0 | 0 | ||
| HOUSEKNECHT RICHARD | |||||||
| Director | 1.00 | X | 0 | 0 | 0 | ||
| KLEBAN SHERRY | |||||||
| Director | 1.00 | X | 0 | 0 | 0 | ||
| LONG WANDA | |||||||
| Director | 1.00 | X | 0 | 0 | 0 | ||
| MCLAREN ROBERT | |||||||
| Director | 1 | X | |||||
| REGAN CAROL | |||||||
| Executive Vice President | 2 | X | X | ||||
| SIBNER JEFFREY | |||||||
| Director | 1 | X | |||||
| SMITH JEFFREY | |||||||
| President | 2 | X | X | ||||
| WEISEL ALLAN | |||||||
| Director | 1 | X | |||||
| DUNAR DONNA | |||||||
| Director | 1 | X | 140000 | 36301 | |||
| MCHUGH KEVIN | |||||||
| Director | 1 | X | 180000 | 56757 | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp Frm Rltd Orgs | 320000 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 93058 | TotalOtherCompensation |
| Formers Listed | true | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
| All Other Contributions | 35640 | AllOtherContributions |
| Total Contributions | 35640 | TotalContributions |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 89121 | TotalRevenueColumn |
| Exclusion | $89,121 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 187089 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 189391 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -2302 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -2302 | TotalRevenueColumn |
| Exclusion | -$2,302 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 122459 | TotalRevenueColumn |
| Exclusion | $86,819 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 50000 | Total |
| Program Services | 50000 | ProgramServices |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15289 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 15289 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3736 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 3736 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 534 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 534 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Other Expenses OtherExpenses (2 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| Miscellaneous | 657 | 0 | 657 | 0 |
| Registration fees | 125 | 0 | 125 | 0 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 70341 | Total |
| Program Services | 50000 | ProgramServices |
| Management And General | 20341 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 57534 | BOY |
| EOY | 42625 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 170141 | BOY |
| EOY | 26085 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 305185 | BOY |
| EOY | 326834 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 265 | BOY |
| EOY | 127 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1728600 | BOY |
| EOY | 2043063 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 414516 | BOY |
| EOY | 442462 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2676241 | BOY |
| EOY | 2881196 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3534 | BOY |
| EOY | 3821 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3534 | BOY |
| EOY | 3821 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2264454 | BOY |
| EOY | 2441182 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 408253 | BOY |
| EOY | 436193 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2672707 | BOY |
| EOY | 2877375 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2676241 | BOY |
| EOY | 2881196 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | 52118 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | 124610 | ReconciliationUnrealizedInvest |
| Reconcilation Other Changes | 27940 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | false | FSAudited |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 48587 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 54152 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 24275 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 51147 | CurrentTaxYearMinus1Year |
| Current Tax Year | 35640 | CurrentTaxYear |
| Total | 213801 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 48587 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 54152 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 24275 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 51147 | CurrentTaxYearMinus1Year |
| Current Tax Year | 35640 | CurrentTaxYear |
| Total | 213801 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | 213801 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 97124 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 63250 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 68320 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 67129 | CurrentTaxYearMinus1Year |
| Current Tax Year | 89121 | CurrentTaxYear |
| Total | 384944 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 598745 | TotalSupport |
| Public Support Pertcentage170 | 0.35710 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.31310 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
| Public Support Total509 | 0 | PublicSupportTotal509 |
| Public Support Percentage509 | 0 | PublicSupportPercentage509 |
| Investment Income Percentage | 0 | InvestmentIncomePercentage |
| Facts And Circumstances Test | PT II LINE 17A: THE ORGANIZATION MAINTAINS A CONTINUOUS AND BONA FIDE; PROGRAM FOR SOLICITATION OF FUNDS FROM THE GENERAL; PUBLIC AND THE PENNSBURY COMMUNITY. THE ORGANIZATION; HAS A BOARD OF DIRECTORS WHICH REPRESENTS THE BROAD; INTERESTS OF THE PUBLIC. THE ORGANIZATION PROVIDES; SCHOLARSHIPS AND LOANS DIRECTLY FOR THE BENEFIT OF; GRADUATES OF PENNSBURY ON AN ANNUAL BASIS.; | FactsAndCircumstancesTest |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| 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) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 408253 | BeginningOfYearBalance |
| Investment Earnings Or Losses | 48964 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 14469 | GrantsOrScholarships |
| Administrative Expenses | 6555 | AdministrativeExpenses |
| End Of Year Balance | 436193 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 432832 | BeginningOfYearBalance |
| Investment Earnings Or Losses | -3268 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 15475 | GrantsOrScholarships |
| Administrative Expenses | 5836 | AdministrativeExpenses |
| End Of Year Balance | 408253 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 399098 | BeginningOfYearBalance |
| Investment Earnings Or Losses | 53162 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 16227 | GrantsOrScholarships |
| Administrative Expenses | 3201 | AdministrativeExpenses |
| End Of Year Balance | 432832 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 328714 | BeginningOfYearBalance |
| Investment Earnings Or Losses | 92888 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 17537 | GrantsOrScholarships |
| Administrative Expenses | 4967 | AdministrativeExpenses |
| End Of Year Balance | 399098 | EndOfYearBalance |
Current Year Minus4 Years CurrentYearMinus4Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 489234 | BeginningOfYearBalance |
| Investment Earnings Or Losses | -132945 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 21959 | GrantsOrScholarships |
| Administrative Expenses | 5616 | AdministrativeExpenses |
| End Of Year Balance | 328714 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Endowments Held By Unrelated Orgs | true | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | false | EndowmentsHeldByRelatedOrgs |
Other Assets OtherAssets (2 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| Accrued Interest Receivable | 6269 |
| Beneficial Interest in Perpetual Trust | 436193 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 442462 | TotalBookValueOtherAssets |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (2 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Pt V Line 4 | The foundation receives income from a trust held by |
| AN UNRELATED ORGANIZATION. DISTRIBUTIONS FROM THE TRUST ARE REPORTED AS TRUST FUND INCOME WHEN RECEIVED. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII (2 entries)
| Type Of GrantTypeOfGrant | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant |
|---|---|---|
| Grants, none exceeding $5,000 | 57 | 50000 |
| Loans, none exceeding $5,000 | 57 | 50000 |
Form990 Schedule I Part IV Form990ScheduleIPartIV (5 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| 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 | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (2 entries)
| Comp Based On Related OrgsCompBasedOnRelatedOrgs | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Related OrgsTotalCompensationRelatedOrgs |
|---|---|---|
| DUNAR DONNA | ||
| 140000 | 36301 | 176301 |
| MCHUGH KEVIN | ||
| 180000 | 56757 | 236757 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (13 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Pt VI, Line 12c | Each director, principal officer and member of a committee with governing |
| board delegated powers shall annually sign a statement which | |
| affirms such person, has received a copy of policy, read and | |
| understands the policy, and agrees to comply with policy. | |
| Pt VI, Line 7a | Certain Board members related to the Pennsbury School |
| District are automatically appointed to the Foundation | |
| 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 |
| but all committees must have any of their recommend- | |
| 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
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PENNSBURY SCHOOL DISTRICT | BusinessNameLine1 |
Address US AddressUS
| 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 | PrimaryActivities |
| Legal Domicile State | PA | LegalDomicileState |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | false | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | false | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | false | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | false | LoansOrGuaranteesFromOtherOrg |
| Dividends Related Organization | false | DividendsRelatedOrganization |
| Sale Of Assets To Other Org | false | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | false | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | false | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | false | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | false | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | false | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | false | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | true | SharingOfFacilities |
| Sharing Of Paid Employees | false | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | true | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | false | OtherTransferToOtherOrg |
| Other Transfer From Other Org | false | OtherTransferFromOtherOrg |
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