Corry Area School District Foundation EIN 23-2889136 Form 990 (PDF) Claim this org

Corry Area School District Foundation FY2021 filing

Not yet claimed Claim this org →

Awards scholarships and support to students. For fiscal year 2021 it reported $126K in revenue, $86K in expenses, and $834K in net assets.Pt I

Founded
1997
Type
Public charity (501(c)(3)) · Education
Location
Corry, PA
Filings
4 on file (2021–2021)
Revenue
$126KFY2021
Expenses
$86K
Net assets
$834K
People
8
Filings
4
Updates
0
More identity details & actions ⌄
EIN  23-2889136 Public charity (501(c)(3)) Corry, PA Founded 1997
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Corry Area School District Foundation claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
Awards scholarships and support to students.
Leadership
William Nichols · Board Member
Money in and out
$126K revenue, $86K expenses
Bottom line
100% program efficiency
Where the money goes · FY2021
Total revenue
$126K
Pt VIII · Ln 12
Total expenses
$86K
Pt IX · Ln 25
Net assets
$834K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $40K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs
Operating runway
116.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
+32%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$126K
FY2021
Expenses
$86K
FY2021
Total assets
$834K
FY2021
Total liabilities
$0
FY2021
Revenue less expensesPt I · Ln 19$40K
Total assetsPt X · Ln 16$834K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCorry Area School District Foundation
EINHdr · item D23-2889136
Principal addressHdr · item CCorry, PA
WebsiteHdr · item Jnone reported
Year of formationHdr · item L1997
State of legal domicileHdr · item MPA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B82)
Ruling yearIRS BMFApr 1997

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Corry Area School District Foundation executive salaries →

Are you one of these people? Claim this org to confirm your role

Mission & Programs · Part III

Where the work happens

2 program services account for $86K of program spending, described in the organization's own filed words · FY2020.
01

The foundation provides scholarships and support to corry area school district students.

$86Kprogram expense
02

Provide programs and/or support to the Corry Area School District to further the educational goals of the District and surrounding communities.

Pt IX · col B

Run this program? Claim this org to tell your story

Statement of Revenue

Part VIII
Other revenue$98K · 78%
Investment income$26K · 21%
Contributions & grants$2K · 2%
Other revenue78%$98K
Investment income21%$26K
Contributions & grants2%$2K
Total revenueLn 12$126K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$86K
Total functional expensesLn 25$86K

Balance Sheet

Part X · end of year
CashLn 1$201K
Total assetsLn 16$834K
Total liabilitiesLn 26$0
Total net assetsLn 32$834K
Months of cash on handcomputed28.2

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $834K · Operating expenses/yr $86K
116.7 months
Where the money goes
Program services
Program services $86K · Total expenses $86K
100%
Management & General
Management & general $0 · Total expenses $86K
0%
Fundraising
Fundraising $0 · Total expenses $86K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $2K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $2K · Total revenue $126K
2%
Government reliance
Government grants — · Total revenue $126K
Earned-income share
Program service revenue $0 · Total revenue $126K
0%
Investment reliance
Investment income $26K · Total revenue $126K
+21%
Program self-sufficiency
Program service revenue $0 · Total expenses $86K
0%
Growth & trend
Revenue growth (YoY)
This year $126K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $834K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $126K · Expenses $86K
+32%
Liabilities-to-Assets
Total liabilities — · Total assets $834K
Net-asset ratio
Net assets $834K · Total assets $834K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $633K · Total assets (Pt X, ln 16) $834K
76%
People & payroll
Highest Reported Total Compensation
Individual William Nichols · Reported title BOARD MEMBER · Highest reported compensation $0 · Total expenses $86K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $86K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$55K
Grants paid · 5 grants · $214K · 2020–2024
Unitemized GrantFY2024$97,851
Unitemized GrantFY2023$30,890
Unitemized GrantFY2022$28,535
Unitemized GrantFY2021$30,310
Unitemized GrantFY2020$26,850

Similar Organizations

Closest in mission — by what they do
See all organizations like Corry Area School District Foundation →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$188K revenue · ⤓ 990 PDF
FY2023$179K revenue · ⤓ 990 PDF
FY2022$175K revenue · ⤓ 990 PDF
FY2021$126K revenue · viewing · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.