Lancaster Dollars for Higher Learning FY2023 filing

Public charity (501(c)(3)) Lancaster, PA EIN 23-6414300
Revenue
$341K
▼ -14%
FY2023 · Pt VIII · Ln 12
Expenses
$324K
▲ +15%
FY2023 · Pt IX · Ln 25
Net assets
$6.0M
FY2023 · Pt X · Ln 32
To programs
68%
FY2023 · Pt IX · col B
Revenue & expenses by yearFY2020–FY2025
Revenue
$341K
FY2023▼ -14%
Expenses
$324K
FY2023▲ +15%

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

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Tax-deductible?
Yes
Per the IRS master file.
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Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
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Filing up to date?
Filed FY2024 (typical filing lag)
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Foundation funders?
2 funders, incl. City Limits Foundation
$62K in the latest grant year.
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Spent on programs?
68% to programs
Form 990 Part IX, latest filing.
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Size and trend
$100K–1M
↓ -14% vs prior year
Details →

Form 990 for the fiscal year ending September 2023 (IRS tax year 2022).


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

Type
Public charity (501(c)(3)) · Nonprofit
Location
Lancaster, PA
Website
www.lancdollars.org
Filings
6 on file (2020–2023)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →
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Where the money goes · FY2023
Where spending went · Part IX cols B–D
Program services $0.68 Management & general $0.27 Fundraising $0.04
Program efficiency
68%
of spending reaches programs
Operating runway
129.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
+5%
revenue over expenses, this year

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Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$6.0M
FY2023▲ +6%
Total liabilities
$23K
FY2023▲ ×11
Revenue less expensesPt I · Ln 19$17K
Total assetsPt X · Ln 16$6.0M
Program-expense ratioPt IX · col B68%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CLancaster Dollars for Higher Learning
EINHdr · item D23-6414300
Principal addressHdr · item CLancaster, PA
WebsiteHdr · item Jwww.lancdollars.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MPA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFMay 1962

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a13
Independent voting membersPt VI · Ln 1b13
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
$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
Board Member
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $214K of program spending, described in the organization's own filed words · FY2022.
01

Loans for College Students

Funds are loaned interest-free to students who are expected to repay loans after graduation. There were 347 new loans extended during the year ended september 30, 2023.

$214Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$146K · 43%
Program service revenue$121K · 36%
Investment income$72K · 21%
Other revenue$2K · 1%
Contributions & grants43%$146K
Program service revenue36%$121K
Investment income21%$72K
Other revenue1%$2K
Total revenueLn 12$341K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.68 Management & general $0.27 Fundraising $0.04
Program services68%$222K
Management & general27%$89K
Fundraising4%$14K
Total functional expensesLn 25$324K

Balance Sheet

Part X · end of year
CashLn 1$139K
Total assetsLn 16$6.0M
Total liabilitiesLn 26$23K
Total net assetsLn 32$6.0M
Months of cash on handcomputed5.1

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $3.5M · Operating expenses/yr $324K
129.1 months
Where the money goes
Program services
Program services $222K · Total expenses $324K
68%
Management & General
Management & general $89K · Total expenses $324K
27%
Fundraising
Fundraising $14K · Total expenses $324K
4%
Cost to raise $1
Fundraising expense (3-yr avg) $13K · Solicited contributions (3-yr avg) $150K
$0.09 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $146K · Total revenue $341K
43%
Government reliance
Government grants — · Total revenue $341K
—
Earned-income share
Program service revenue $121K · Total revenue $341K
36%
Investment reliance
Investment income $72K · Total revenue $341K
+21%
Program self-sufficiency
Program service revenue $121K · Total expenses $324K
37%
Growth & trend
Revenue growth (YoY)
This year $341K · Prior year $398K
-14%
Net-asset trend (YoY)
End of year $6.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $341K · Expenses $324K
+5%
Liabilities-to-Assets
Total liabilities — · Total assets $6.0M
—
Net-asset ratio
Net assets $6.0M · Total assets $6.0M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $3.3M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $6.0M
56%
People & payroll
Highest Reported Total Compensation
Individual Jean Bednarski · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $324K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $63K · Total expenses $324K
19%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 68%——
Overhead ratio 27%——
Fundraising cost ratio 9%——
Revenue growth -14%——
Investment management fee ratio 0.4%——
Accounting fee ratio 3%——

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 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

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$498K revenue · ⤓ 990 PDF
FY2024$449K revenue · ⤓ 990 PDF
FY2023$341K revenue · viewing · ⤓ 990 PDF
FY2022$398K revenue · ⤓ 990 PDF
FY2021$329K revenue · ⤓ 990 PDF
FY2020$269K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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