Corry Area School District Foundation FY2023 filing

Tax-deductible

Corry, PA501(c)(3)Since 1997EducationEIN 23-2889136Revenue $179K in FY2023

On file with the IRS540 E Pleasant St, 16407-2246 · Corry, PATax-exempt since Apr 1997Publicly supported charity — 170(b)(1)(A)(vi)

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The Foundation provides scholarships and support to students.

501(c)(3) charity; gifts are tax-deductible.
100¢ 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
4 of 4
filings with a surplus
Average surplus $92K a year · 55% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
26 mo
of spending, in cash
Looks good: 26.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $55K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$179K
+2% vs prior year
Spent
$81K
To programs
100%
Net assets
$1.0M
By yearFY2021–FY2024
Revenue
$179K
FY2023▲ +2%
Tap a bar for its year
Revenue by fiscal year
FY2021$126K
FY2022$175K
FY2023$179K
FY2024$188K
FY2024$322K
Expenses
$81K
FY2023▲ +106%
Tap a bar for its year
Expenses by fiscal year
FY2021$86K
FY2022$39K
FY2023$81K
FY2024$94K
FY2024$149K
Net assets
$1.0M
FY2023▲ +14%
Tap a bar for its year
Net assets by fiscal year
FY2021$834K
FY2022$889K
FY2023$1.0M
FY2024$1.2M
FY2024$1.5M

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

Form 990 (PDF) Claim
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 Apr 1997.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $81K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Board Member
$0Pt VII · Sec A
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
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
See Corry Area School District 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

Awards scholarships and support to students.

Questions for Corry Area School District Foundation

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Provided by the organization

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2 programs · $81K · in their own filed words · FY2022
01

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

$52Kprogram expense
02

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

$29Kprogram expense

Funders

Who pays for it.

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

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

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$179K
Ln 12
Gifts and grantsLn 1h$126K
Other incomeLn 4–11$45K
Investment incomeLn 3$7K
Money outPt IX
$81K
Ln 25
Programscol B$81K
Owns and owesPt X
$1.0M
net assets · Ln 32
Cash and savingsLn 1–2$179K
Total assetsLn 16$1.0M
LiabilitiesLn 26$0
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$126K
Investment incomeLn 3$7K
Other incomeLn 4–11$45K
Total revenueLn 12$179K
Assets in detailPt X, end of year
CashLn 1$179K
Cash and savings togetherLn 1–2$179K
InvestmentsLn 11–13$838K
Total assetsLn 16$1.0M
LiabilitiesLn 26$0
Net assetsLn 32$1.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$185K$179K
InvestmentsLn 11–13$705K$838K
Total assetsLn 16$889K$1.0M
LiabilitiesLn 26$0$0
Net assetsLn 32$889K$1.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$29K$29K
Other expenses (24a–d)Ln 24$52K$52K
Total functional expensesLn 25$81K$81K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $188K$94K$93K$1.2M 990 PDF
FY2023 Viewing $179K$81K$98K$1.0M 990 PDF
FY2022 $175K$39K$136K$889K 990 PDF
FY2021 $126K$86K$40K$834K 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 (6 parts)
Part I · Summary $178,645 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $111,200$126,100
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $43,743$7,218
I-11 Other revenuePrior year $20,064$45,327
I-12 Total revenuePrior year $175,007$178,645
I-13 Grants and similar amounts paidPrior year $30,310$28,535
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $8,976$52,438
I-18 Total expensesPrior year $39,286$80,973
I-19 Revenue less expensesPrior year $135,721$97,672
Part VI · Governance 8 of 8 board members independent, 3 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $178,645 across 5 lines filed
VIII-1f All other contributions, gifts and grants$126,100
VIII-1h Total contributions, gifts and grants$126,100
VIII-3 Investment incomeRelated to mission $7,218$7,218
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $45,327$45,327
VIII-12 Total revenueRelated to mission $52,545 · Unrelated business $0 · Excluded from tax $0$178,645
Part IX · Statement of functional expenses $80,973 across 2 lines filed
IX-2 Grants to domestic individualsPrograms $28,535$28,535
IX-24 Other expenses (24a–d)Programs $52,438$52,438
IX-25 Total functional expensesPrograms $80,973 · Management $0 · Fundraising $0$80,973
Part X · Balance sheet $1,016,634 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $184,691$178,747
X-12 Other securitiesStart of year $704,783$837,887
X-16 Total assetsStart of year $889,474$1,016,634
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $889,474$1,016,634
X-33 Total liabilities and net assetsStart of year $889,474$1,016,634
Part XI · Reconciliation of net assets $1,016,634 net assets at year end
XI-1 Total revenue$178,645
XI-2 Total expenses$80,973
XI-3 Revenue less expenses$97,672
XI-4 Net assets at start of year$889,474
XI-5 Net unrealized gains (losses) on investments$39,924
XI-7 Investment expenses−$10,436
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,016,634

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

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