Lancaster Dollars for Higher Learning FY2022 filing

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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, FY2022. 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.
63¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
63%
of spending
63% of spending went to programs.
Pt IX · Ln 25 · col B
14.9 mo
of spending, in cash
Plus $5.3M in investments, Pt X · Ln 11–13
14.9 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
$2K
0.04% of total assets
Liabilities are 0.04% of assets.
Pt X · Ln 26
Independent board members
15
of 15 voting members
15 of 15 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$398K
+21% vs prior year
Spent
$282K
To programs
63%
Net assets
$5.7M
By yearFY2020–FY2025
Revenue
$398K
FY2022▲ +21%
Tap a bar for its year
Revenue by fiscal year
FY2020$269K
FY2021$329K
FY2022$398K
FY2023$341K
FY2024$449K
FY2025$498K
Expenses
$282K
FY2022▲ +25%
Tap a bar for its year
Expenses by fiscal year
FY2020$177K
FY2021$226K
FY2022$282K
FY2023$324K
FY2024$401K
FY2025$414K
Net assets
$5.7M
FY2022▼ -8%
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 FY2022 Form 990 (year ending September 2022) · figures checked against the IRS filing · see the original

You’re viewing the FY2022 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

63 cents of each dollar spent went to programs.

Program services 63% · $177K Management & general 32% · $91K Fundraising 5% · $13K

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

Something off? Claim to add context

Who runs it and what they're paid

15 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Assistant Tr
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
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 · $169K · in their own filed words · FY2021
01

Loans for College Students

Funds are loaned interest-free to students who are expected to repay loans after graduation. There were 261 new loans extended during the year ended september 30, 2022.

Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 23-6414300) · Dispute this line
$169Kprogram 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 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$398K
Ln 12
Gifts and grantsLn 1h$175K
Fees for servicesLn 2g$126K
Other incomeLn 4–11$52K
Money outPt IX
$282K
Ln 25
Programscol B$177K
Managementcol C$91K
Fundraisingcol D$13K
Owns and owesPt X
$5.7M
net assets · Ln 32
Cash and savingsLn 1–2$349K
Total assetsLn 16$5.7M
LiabilitiesLn 26$2K
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$175K
Fees for servicesLn 2g$126K
Investment incomeLn 3$45K
Other incomeLn 4–11$52K
Gains on assetsLn 7$52K
Total revenueLn 12$398K
Assets in detailPt X, end of year
CashLn 1$349K
Cash and savings togetherLn 1–2$349K
Pledges and grants receivableLn 3$32K
Prepaid expenses and deferred chargesLn 9$13K
InvestmentsLn 11–13$5.3M
Other assetsLn 15$375
Total assetsLn 16$5.7M
LiabilitiesLn 26$2K
Net assetsLn 32$5.7M
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 FY22End FY22
Cash and savingsLn 1–2$357K$349K
InvestmentsLn 11–13$5.8M$5.3M
Total assetsLn 16$6.2M$5.7M
LiabilitiesLn 26$897$2K
Net assetsLn 32$6.2M$5.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$8K$8K
Other salaries and wagesLn 7$57K$11K$35K$12K
Payroll taxesLn 10$5K$918$3K$959
Accounting feesLn 11c$13K$13K
Investment management feesLn 11f$24K$24K
Advertising and promotionLn 12$266$266
Office expensesLn 13$23K$10K$13K
Information technologyLn 14$20K$20K
OccupancyLn 16$5K$1K$3K$864
Depreciation, depletion and amortizationLn 22$167$167
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$123K$123K
All other expensesLn 24e$423$423
Total functional expensesLn 25$282K$177K$91K$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
FY2022 ViewingFiled 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 FY2022 990
Part I · Summary $398,162 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $126,957$175,285
I-9 Program service revenuePrior year $139,090$125,549
I-10 Investment incomePrior year $60,800$97,328
I-11 Other revenuePrior year $1,969$0
I-12 Total revenuePrior year $328,816$398,162
I-13 Grants and similar amounts paid$8,100
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $58,312$61,997
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $167,365$211,743
I-18 Total expensesPrior year $225,677$281,840
I-19 Revenue less expensesPrior year $103,139$116,322
Part VI · Governance 15 of 15 board members independent, 3 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
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 $398,162 across 6 lines filed
VIII-1f All other contributions, gifts and grants$175,285
VIII-1h Total contributions, gifts and grants$175,285
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $125,549$125,549
VIII-3 Investment incomeExcluded from tax $44,884$44,884
VIII-7 Net gain or loss on sales of assetsExcluded from tax $52,444$52,444
VIII-12 Total revenueRelated to mission $125,549 · Excluded from tax $97,328$398,162
Part IX · Statement of functional expenses $281,840 across 13 lines filed
IX-2 Grants to domestic individualsPrograms $8,100$8,100
IX-7 Other salaries and wagesPrograms $11,124 · Management $34,526 · Fundraising $11,619$57,269
IX-10 Payroll taxesPrograms $918 · Management $2,851 · Fundraising $959$4,728
IX-11c Accounting feesManagement $12,750$12,750
IX-11f Investment management feesManagement $24,459$24,459
IX-12 Advertising and promotionPrograms $266$266
IX-13 Office expensesPrograms $9,955 · Management $13,092$23,047
IX-14 Information technologyPrograms $19,781$19,781
IX-16 OccupancyPrograms $1,016 · Management $3,200 · Fundraising $864$5,080
IX-22 Depreciation, depletion and amortizationManagement $167$167
IX-23 InsurancePrograms $2,700$2,700
IX-24 Other expenses (24a–d)Programs $123,070$123,070
IX-24e All other expensesPrograms $423$423
IX-25 Total functional expensesPrograms $177,353 · Management $91,045 · Fundraising $13,442$281,840
Part X · Balance sheet $5,692,827 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $357,142$348,818
X-3 Pledges and grants receivable$32,000
X-9 Prepaid expenses and deferred chargesStart of year $14,242$12,840
X-11 Publicly traded securitiesStart of year $2,886,104$2,623,201
X-13 Program-related investmentsStart of year $2,960,299$2,675,593
X-15 Other assetsStart of year $375$375
X-16 Total assetsStart of year $6,218,329$5,692,827
X-17 Accounts payable and accrued expensesStart of year $897$2,028
X-26 Total liabilitiesStart of year $897$2,028
X-27 Net assets without donor restrictionsStart of year $5,458,908$4,911,575
X-28 Net assets with donor restrictionsStart of year $758,524$779,224
X-32 Total net assets or fund balancesStart of year $6,217,432$5,690,799
X-33 Total liabilities and net assetsStart of year $6,218,329$5,692,827
Part XI · Reconciliation of net assets $5,690,799 net assets at year end
XI-1 Total revenue$398,162
XI-2 Total expenses$281,840
XI-3 Revenue less expenses$116,322
XI-4 Net assets at start of year$6,217,432
XI-5 Net unrealized gains (losses) on investments−$642,955
XI-10 Net assets at end of year$5,690,799

Form 990 e-file FY2022 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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