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The Regency Foundation FY2023 filing

Tax-deductible

Langhorne, PA501(c)(3)Since 1994EducationEIN 23-2795443

To secure and administer financial resources for the benefit and purposes of cairn university.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $34K a year · 5% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 8.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.5M
106% of total assets
Concern: liabilities are 106% of assets; over 80%.
Pt X · Ln 26
Independent board members
5
of 6 voting members
Looks good: 5 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$490K
-40% vs prior year
Spent
$641K
To programs
95%
Net assets
−$139K
By yearFY2020–FY2024
Revenue
$490K
FY2023▼ -40%
Revenue by fiscal year
FY2020$553K
FY2021$819K
FY2022$811K
FY2023$490K
FY2024$436K
FY2024$976K
Expenses
$641K
FY2023▼ -5%
Expenses by fiscal year
FY2020$333K
FY2021$1.1M
FY2022$676K
FY2023$641K
FY2024$574K
FY2024$691K
Net assets
−$139K
FY2023▼ -538%
Net assets by fiscal year
FY2020$257K
FY2021$41K
FY2022$32K
FY2023−$139K
FY2024−$282K
FY2024−$7K

From the FY2023 Form 990 (year ending June 2023) · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1995.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $607K Management & general 5% · $33K Fundraising 0% · $700

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Winfield H Kempf
Board Member
$0Pt VII · Sec A
John Scheflen
Board Member
$0Pt VII · Sec A
Ed Stillman
Board Member
$0Pt VII · Sec A
G Patrick Stillman
Board Member
$0Pt VII · Sec A
Todd Williams
President, Board Member
$0Pt VII · Sec A
Mr Robert Doll
Board Member
$0Pt VII · Sec A
See The Regency Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Manages funds to support Cairn University's mission and operations.

Provided by the organization

This section is blank until The Regency Foundation claims this page.

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1 program service account for $607K of program spending, described in the organization's own filed words · FY2022.
01

The program focuses on promoting and financially supporting cairn university through immediate (contributions) and long-term ( charitable annuities and trusts) giving and by expanding a potential donor base by providing investment and estate planning for individuals via outside resources.

$607Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$490K
Ln 12
Gifts and grantsLn 1h$480K
Investment incomeLn 3$7K
Other incomeLn 4–11$3K
Money outPt IX
$641K
Ln 25
Programscol B$607K
Managementcol C$33K
Fundraisingcol D$700
Owns and owesPt X
−$139K
net assets · Ln 32
Cash and savingsLn 1–2$438K
Total assetsLn 16$2.4M
LiabilitiesLn 26$2.5M
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$480K
Investment incomeLn 3$7K
Other incomeLn 4–11$3K
Total revenueLn 12$490K
Assets in detailPt X, end of year
CashLn 1$36K
SavingsLn 2$403K
Cash and savings togetherLn 1–2$438K
InvestmentsLn 11–13$1.9M
Land, buildings, equipmentLn 10c$2K
Total assetsLn 16$2.4M
LiabilitiesLn 26$2.5M
Net assetsLn 32−$139K
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$647K$438K
InvestmentsLn 11–13$1.9M$1.9M
Land, buildings, equipmentLn 10c$2K$2K
Total assetsLn 16$2.6M$2.4M
LiabilitiesLn 26$2.6M$2.5M
Net assetsLn 32$32K−$139K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$13K$13K
Other fees for servicesLn 11g$11K$11K
Office expensesLn 13$3K$3K
TravelLn 17$700$700
Depreciation, depletion and amortizationLn 22$122$122
Other expenses (24a–d)Ln 24$612K$607K$5K
Total functional expensesLn 25$641K$607K$33K$700

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $436K$574K−$138K−$282K 990 PDF
FY2023 Viewing $490K$641K−$151K−$139K 990 PDF
FY2022 $811K$676K$134K$32K 990 PDF
FY2021 $819K$1.1M−$234K$41K 990 PDF
FY2020 $553K$333K$220K$257K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (4 parts)
Part VIII · Statement of revenue $489,894 across 5 lines filed
VIII-1f All other contributions, gifts and grants$480,099
VIII-1h Total contributions, gifts and grants$480,099
VIII-3 Investment incomeExcluded from tax $7,025$7,025
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $2,770$2,770
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $9,795$489,894
Part IX · Statement of functional expenses $640,889 across 6 lines filed
IX-11c Accounting feesManagement $13,250$13,250
IX-11g Other fees for servicesManagement $11,370$11,370
IX-13 Office expensesManagement $3,213$3,213
IX-17 TravelFundraising $700$700
IX-22 Depreciation, depletion and amortizationManagement $122$122
IX-24 Other expenses (24a–d)Programs $607,270 · Management $4,964$612,234
IX-25 Total functional expensesPrograms $607,270 · Management $32,919 · Fundraising $700$640,889
Part X · Balance sheet $2,373,970 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $51,054$35,915
X-2 Savings and temporary cash investmentsStart of year $596,291$402,506
X-10c Land, buildings and equipment, netStart of year $2,054$1,932
X-11 Publicly traded securitiesStart of year $1,947,140$1,933,617
X-16 Total assetsStart of year $2,596,539$2,373,970
X-17 Accounts payable and accrued expensesStart of year $211,982$196,014
X-25 Other liabilitiesStart of year $2,352,875$2,316,592
X-26 Total liabilitiesStart of year $2,564,857$2,512,606
X-27 Net assets without donor restrictionsStart of year $23,014−$146,780
X-28 Net assets with donor restrictionsStart of year $8,668$8,144
X-32 Total net assets or fund balancesStart of year $31,682−$138,636
X-33 Total liabilities and net assetsStart of year $2,596,539$2,373,970
Part XI · Reconciliation of net assets −$138,636 net assets at year end
XI-1 Total revenue$489,894
XI-2 Total expenses$640,889
XI-3 Revenue less expenses−$150,995
XI-4 Net assets at start of year$31,682
XI-5 Net unrealized gains (losses) on investments$39,827
XI-9 Other changes in net assets−$59,150
XI-10 Net assets at end of year−$138,636

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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