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Lancaster Dollars for Higher Learning FY2021 filing

Tax-deductible

Lancaster, PA501(c)(3) EIN 23-6414300Revenue $329K in FY2021Latest return filed Mar 10, 2026

On file with the IRSlancdollars.orgLancaster, PATax-exempt since May 1962Publicly supported charity — 170(b)(1)(A)(vi)

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The mission of the organization is to help full-time college students achieve their goals by providing interest-free tuition loans.

Form 990 Part I, line 1, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 23-6414300) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
59¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $77K a year · 20% of revenue · last 6 filings
A surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
59%
of spending
59% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
41.1 mo
of spending, in cash
Plus $5.4M in investments, Pt X · Ln 11–13
41.1 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $62K
2 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$897
0.01% of total assets
Liabilities are 0.01% of assets.
Pt X · Ln 26
Independent board members
14
of 14 voting members
14 of 14 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$329K
+22% vs prior year
Spent
$226K
To programs
59%
Net assets
$6.2M
By yearFY2020–FY2025
Revenue
$329K
FY2021▲ +22%
Tap a bar for its year
Revenue by fiscal year
FY2020$269K
FY2021$329K
FY2022$398K
FY2023$341K
FY2024$449K
FY2025$498K
Expenses
$226K
FY2021▲ +28%
Tap a bar for its year
Expenses by fiscal year
FY2020$177K
FY2021$226K
FY2022$282K
FY2023$324K
FY2024$401K
FY2025$414K
Net assets
$6.2M
FY2021▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2020$5.8M
FY2021$6.2M
FY2022$5.7M
FY2023$6.0M
FY2024$6.7M
FY2025$7.0M

From the FY2021 Form 990 (year ending September 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

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

59 cents of each dollar spent went to programs.

Program services 59% · $134K Management & general 35% · $79K Fundraising 6% · $13K

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

14 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Jay Shannon
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Linda Schroeder
Asst. Treasu
$0Pt VII · Sec A
Aaron Marines
Board Member
$0Pt VII · Sec A
Donna Fulmer
Board Member
$0Pt VII · Sec A
Mark Newkirk
Board Member
$0Pt VII · Sec A
Jonas Kennedy
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 15aYes

Programs and updates

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

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1 program · $134K · in their own filed words · FY2020
01

Loans for College Students

Funds are loaned interest-free to students who are expected to repay loans after graduation. There were 253 new loans extended during the year ended september 30, 2021.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 23-6414300) · Dispute this line
$134Kprogram 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 FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$329K
Ln 12
Fees for servicesLn 2g$139K
Gifts and grantsLn 1h$127K
Other incomeLn 4–11$35K
Money outPt IX
$226K
Ln 25
Programscol B$134K
Managementcol C$79K
Fundraisingcol D$13K
Owns and owesPt X
$6.2M
net assets · Ln 32
Cash and savingsLn 1–2$773K
Total assetsLn 16$6.2M
LiabilitiesLn 26$897
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$127K
Fees for servicesLn 2g$139K
Investment incomeLn 3$28K
Other incomeLn 4–11$35K
Gains on assetsLn 7$33K
Total revenueLn 12$329K
Assets in detailPt X, end of year
CashLn 1$206K
SavingsLn 2$567K
Cash and savings togetherLn 1–2$773K
Prepaid expenses and deferred chargesLn 9$14K
InvestmentsLn 11–13$5.4M
Intangible assetsLn 14$167
Other assetsLn 15$375
Total assetsLn 16$6.2M
LiabilitiesLn 26$897
Net assetsLn 32$6.2M
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
LineStart FY21End FY21
Cash and savingsLn 1–2$301K$773K
InvestmentsLn 11–13$5.5M$5.4M
Total assetsLn 16$5.8M$6.2M
LiabilitiesLn 26$3K$897
Net assetsLn 32$5.8M$6.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$54K$10K$33K$11K
Payroll taxesLn 10$4K$757$2K$674
Accounting feesLn 11c$13K$13K
Investment management feesLn 11f$17K$17K
Advertising and promotionLn 12$175$175
Office expensesLn 13$19K$10K$9K
Information technologyLn 14$16K$16K
OccupancyLn 16$5K$989$3K$840
Depreciation, depletion and amortizationLn 22$1K$1K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$92K$92K
All other expensesLn 24e$1K$1K$20$176
Total functional expensesLn 25$226K$134K$79K$13K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled 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
FY2021 ViewingFiled 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 FY2021 990
Part I · Summary $328,816 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $65,239$126,957
I-9 Program service revenuePrior year $155,189$139,090
I-10 Investment incomePrior year $46,344$60,800
I-11 Other revenuePrior year $2,579$1,969
I-12 Total revenuePrior year $269,351$328,816
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $59,394$58,312
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $117,324$167,365
I-18 Total expensesPrior year $176,718$225,677
I-19 Revenue less expensesPrior year $92,633$103,139
Part VI · Governance 14 of 14 board members independent, 3 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $328,816 across 7 lines filed
VIII-1f All other contributions, gifts and grants$126,957
VIII-1h Total contributions, gifts and grants$126,957
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $139,090$139,090
VIII-3 Investment incomeExcluded from tax $27,695$27,695
VIII-7 Net gain or loss on sales of assetsExcluded from tax $33,105$33,105
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,969$1,969
VIII-12 Total revenueRelated to mission $139,090 · Excluded from tax $62,769$328,816
Part IX · Statement of functional expenses $225,677 across 12 lines filed
IX-7 Other salaries and wagesPrograms $10,475 · Management $32,830 · Fundraising $11,077$54,382
IX-10 Payroll taxesPrograms $757 · Management $2,499 · Fundraising $674$3,930
IX-11c Accounting feesManagement $12,894$12,894
IX-11f Investment management feesManagement $17,312$17,312
IX-12 Advertising and promotionPrograms $175$175
IX-13 Office expensesPrograms $9,541 · Management $9,122$18,663
IX-14 Information technologyPrograms $15,645$15,645
IX-16 OccupancyPrograms $989 · Management $3,115 · Fundraising $840$4,944
IX-22 Depreciation, depletion and amortizationManagement $1,000$1,000
IX-23 InsurancePrograms $3,220$3,220
IX-24 Other expenses (24a–d)Programs $92,172$92,172
IX-24e All other expensesPrograms $1,144 · Management $20 · Fundraising $176$1,340
IX-25 Total functional expensesPrograms $134,118 · Management $78,792 · Fundraising $12,767$225,677
Part X · Balance sheet $6,218,329 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $271,491$205,928
X-2 Savings and temporary cash investmentsStart of year $29,802$567,036
X-9 Prepaid expenses and deferred chargesStart of year $13,153$14,242
X-11 Publicly traded securitiesStart of year $2,184,616$2,470,282
X-13 Program-related investmentsStart of year $3,323,797$2,960,299
X-14 Intangible assetsStart of year $1,167$167
X-15 Other assetsStart of year $375$375
X-16 Total assetsStart of year $5,824,401$6,218,329
X-17 Accounts payable and accrued expensesStart of year $2,861$897
X-26 Total liabilitiesStart of year $2,861$897
X-27 Net assets without donor restrictionsStart of year $5,067,016$5,458,908
X-28 Net assets with donor restrictionsStart of year $754,524$758,524
X-32 Total net assets or fund balancesStart of year $5,821,540$6,217,432
X-33 Total liabilities and net assetsStart of year $5,824,401$6,218,329
Part XI · Reconciliation of net assets $6,217,432 net assets at year end
XI-1 Total revenue$328,816
XI-2 Total expenses$225,677
XI-3 Revenue less expenses$103,139
XI-4 Net assets at start of year$5,821,540
XI-5 Net unrealized gains (losses) on investments$292,753
XI-10 Net assets at end of year$6,217,432

Form 990 e-file FY2021 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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