Lancaster Dollars for Higher Learning: Nonprofit Profile, Financials & Form 990 (EIN 23-6414300)

Revenue by fiscal year
FY2020	$269K
FY2021	$329K
FY2022	$398K
FY2023	$341K
FY2024	$449K
FY2025	$498K

Expenses by fiscal year
FY2020	$177K
FY2021	$226K
FY2022	$282K
FY2023	$324K
FY2024	$401K
FY2025	$414K

Net assets by fiscal year
FY2020	$5.8M
FY2021	$6.2M
FY2022	$5.7M
FY2023	$6.0M
FY2024	$6.7M
FY2025	$7.0M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1962.

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

Where the money goes

70 cents of each dollar spent went to programs.

70%

24%

Program services 70% · $290K Management & general 24% · $101K Fundraising 5% · $23K

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

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Who runs it and what they're paid

16 people listed on the 990.

Part VII, Section A · reportable compensation

Linda Schroeder

Treasurer

$0Pt VII · Sec A

Bob Freund

Board Member

$0Pt VII · Sec A

Mark Newkirk

Board Member

$0Pt VII · Sec A

Melissa Jabour

Board Member

$0Pt VII · Sec A

James Lee

Board Member

$0Pt VII · Sec A

Bunnie Buckwalter

Board Member

$0Pt VII · Sec A

Kay Brubaker

President

$0Pt VII · Sec A

Patrick Carney

Board Member

$0Pt VII · Sec A

See Lancaster Dollars for Higher Learning executive salaries →

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

Provides interest-free tuition loans to help college students achieve their goals.

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1 program · $280K · in their own filed words · FY2024

01

Loans for College Students

Funds are loaned interest-free to students who are expected to repay loans after graduation. There were 399 new loans extended during the year ended september 30, 2025.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 23-6414300) · Dispute this line

$280Kprogram 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

City Limits FoundationFY2024$42K

Lancaster County Community FoundationFY2024$19K

Total grants receivedfrom 2 funders$62K

Grants paid · 4 grants · $40K · 2021–2024

Unitemized GrantFY2024$9,500

Unitemized GrantFY2023$15,200

Unitemized GrantFY2022$7,600

Unitemized GrantFY2021$8,100

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$498K

Ln 12

Gifts and grantsLn 1h$157K

Fees for servicesLn 2g$129K

Investment incomeLn 3$113K

Money outPt IX

$414K

Ln 25

Programscol B$290K

Managementcol C$101K

Fundraisingcol D$23K

Owns and owesPt X

$7.0M

net assets · Ln 32

Cash and savingsLn 1–2$164K

Total assetsLn 16$7.0M

LiabilitiesLn 26$19K

PeoplePt VI, VII

16

listed · VII A

PaidVII A0

Voting boardVI 1a16

IndependentVI 1b16

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$157K

Fees for servicesLn 2g$129K

Investment incomeLn 3$113K

Other incomeLn 4–11$99K

Gains on assetsLn 7$75K

Total revenueLn 12$498K

Assets in detailPt X, end of year

SavingsLn 2$164K

Cash and savings togetherLn 1–2$164K

Pledges and grants receivableLn 3$8K

Prepaid expenses and deferred chargesLn 9$23K

InvestmentsLn 11–13$6.8M

Other assetsLn 15$17K

Total assetsLn 16$7.0M

LiabilitiesLn 26$19K

Net assetsLn 32$7.0M

OperationsPt I, VI

EmployeesI 52

VolunteersI 618

Fiscal year endsHeaderSeptember

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Cash and savingsLn 1–2		$164K
InvestmentsLn 11–13	$6.5M	$6.8M
Total assetsLn 16	$6.7M	$7.0M
LiabilitiesLn 26	$16K	$19K
Net assetsLn 32	$6.7M	$7.0M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$10K	$10K
Other salaries and wagesLn 7	$74K	$14K	$45K	$15K
Payroll taxesLn 10	$7K	$1K	$4K	$1K
Accounting feesLn 11c	$15K		$15K
Investment management feesLn 11f	$33K		$33K
Advertising and promotionLn 12	$5K	$331		$5K
Office expensesLn 13	$19K	$19K
Information technologyLn 14	$36K	$36K
OccupancyLn 16	$6K	$1K	$4K	$1K
InsuranceLn 23	$4K	$4K
Other expenses (24a–d)Ln 24	$204K	$204K
All other expensesLn 24e	$100	$100
Total functional expensesLn 25	$414K	$290K	$101K	$23K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest ViewingFiled with the IRS Mar 10, 2026	$498K	$414K	$84K	$7.0M	990 PDF
FY2024Filed with the IRS Mar 12, 2025	$449K	$401K	$48K	$6.7M	990 PDF
FY2023Filed with the IRS Feb 8, 2024	$341K	$324K	$17K	$6.0M	990 PDF
FY2022Filed with the IRS Feb 6, 2023	$398K	$282K	$116K	$5.7M	990 PDF
FY2021Filed with the IRS Feb 10, 2022	$329K	$226K	$103K	$6.2M	990 PDF
FY2020Filed with the IRS Feb 12, 2021	$269K	$177K	$93K	$5.8M	990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations

See the full FY2025 990

Part I · Summary $498,219 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $143,091$157,205

I-9 Program service revenuePrior year $125,547$128,936

I-10 Investment incomePrior year $179,200$188,144

I-11 Other revenuePrior year $869$23,934

I-12 Total revenuePrior year $448,707$498,219

I-13 Grants and similar amounts paidPrior year $15,200$9,500

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $77,279$81,036

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $308,318$323,357

I-18 Total expensesPrior year $400,797$413,893

I-19 Revenue less expensesPrior year $47,910$84,326

Part VI · Governance 16 of 16 board members independent, 4 to look at

VI-1a Voting members of the governing body16

VI-1b Independent voting members16

VI-12a Written conflict of interest policyNo

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

Part VIII · Statement of revenue $498,219 across 7 lines filed

VIII-1f All other contributions, gifts and grants$157,205

VIII-1h Total contributions, gifts and grants$157,205

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $128,936$128,936

VIII-3 Investment incomeExcluded from tax $112,657$112,657

VIII-7 Net gain or loss on sales of assetsExcluded from tax $75,487$75,487

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $23,934$23,934

VIII-12 Total revenueRelated to mission $128,936 · Excluded from tax $212,078$498,219

Part IX · Statement of functional expenses $413,893 across 12 lines filed

IX-2 Grants to domestic individualsPrograms $9,500$9,500

IX-7 Other salaries and wagesPrograms $14,167 · Management $44,952 · Fundraising $15,218$74,337

IX-10 Payroll taxesPrograms $1,277 · Management $4,051 · Fundraising $1,371$6,699

IX-11c Accounting feesManagement $15,280$15,280

IX-11f Investment management feesManagement $33,356$33,356

IX-12 Advertising and promotionPrograms $331 · Fundraising $4,984$5,315

IX-13 Office expensesPrograms $19,426$19,426

IX-14 Information technologyPrograms $35,968$35,968

IX-16 OccupancyPrograms $1,190 · Management $3,571 · Fundraising $1,190$5,951

IX-23 InsurancePrograms $3,707$3,707

IX-24 Other expenses (24a–d)Programs $204,254$204,254

IX-24e All other expensesPrograms $100$100

IX-25 Total functional expensesPrograms $289,920 · Management $101,210 · Fundraising $22,763$413,893

Part X · Balance sheet $6,990,040 assets, 14 lines filed

X-2 Savings and temporary cash investments$163,922

X-3 Pledges and grants receivableStart of year $16,000$8,000

X-9 Prepaid expenses and deferred chargesStart of year $21,204$22,880

X-11 Publicly traded securitiesStart of year $4,118,031$4,217,572

X-13 Program-related investmentsStart of year $2,420,326$2,561,054

X-15 Other assetsStart of year $14,731$16,612

X-16 Total assetsStart of year $6,682,452$6,990,040

X-17 Accounts payable and accrued expensesStart of year $1,895$2,499

X-25 Other liabilitiesStart of year $14,356$16,237

X-26 Total liabilitiesStart of year $16,251$18,736

X-27 Net assets without donor restrictionsStart of year $6,053,974$6,442,040

X-28 Net assets with donor restrictionsStart of year $612,227$529,264

X-32 Total net assets or fund balancesStart of year $6,666,201$6,971,304

X-33 Total liabilities and net assetsStart of year $6,682,452$6,990,040

Part XI · Reconciliation of net assets $6,971,304 net assets at year end

XI-1 Total revenue$498,219

XI-2 Total expenses$413,893

XI-3 Revenue less expenses$84,326

XI-4 Net assets at start of year$6,666,201

XI-5 Net unrealized gains (losses) on investments$220,777

XI-10 Net assets at end of year$6,971,304

Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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Lancaster Dollars for Higher Learning

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Lancaster Dollars for Higher Learning

Loans for College Students

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV