Lancaster Dollars for Higher Learning FY2024 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, FY2024. 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.
67¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
67%
of spending
67% of spending went to programs.
Pt IX · Ln 25 · col B
2.8 mo
of spending, in cash
Plus $6.5M in investments, Pt X · Ln 11–13
2.8 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
$16K
0.2% of total assets
Liabilities are 0.2% of assets.
Pt X · Ln 26
Independent board members
13
of 13 voting members
13 of 13 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$449K
+32% vs prior year
Spent
$401K
To programs
67%
Net assets
$6.7M
By yearFY2020–FY2025
Revenue
$449K
FY2024▲ +32%
Tap a bar for its year
Revenue by fiscal year
FY2020$269K
FY2021$329K
FY2022$398K
FY2023$341K
FY2024$449K
FY2025$498K
Expenses
$401K
FY2024▲ +24%
Tap a bar for its year
Expenses by fiscal year
FY2020$177K
FY2021$226K
FY2022$282K
FY2023$324K
FY2024$401K
FY2025$414K
Net assets
$6.7M
FY2024▲ +11%
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 FY2024 Form 990 (year ending September 2024) · figures checked against the IRS filing · see the original

You’re viewing the FY2024 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

67 cents of each dollar spent went to programs.

Program services 67% · $269K Management & general 25% · $100K Fundraising 8% · $31K

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

13 people listed on the 990.

Part VII, Section A · reportable compensation
$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
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 · $254K · in their own filed words · FY2023
01

Loans for College Students

Funds are loaned interest-free to students who are expected to repay loans after graduation. There were 357 new loans extended during the year ended september 30, 2024.

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 23-6414300) · Dispute this line
$254Kprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$449K
Ln 12
Gifts and grantsLn 1h$143K
Fees for servicesLn 2g$126K
Investment incomeLn 3$112K
Money outPt IX
$401K
Ln 25
Programscol B$269K
Managementcol C$100K
Fundraisingcol D$31K
Owns and owesPt X
$6.7M
net assets · Ln 32
Cash and savingsLn 1–2$92K
Total assetsLn 16$6.7M
LiabilitiesLn 26$16K
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$143K
Fees for servicesLn 2g$126K
Investment incomeLn 3$112K
Other incomeLn 4–11$68K
Gains on assetsLn 7$67K
Total revenueLn 12$449K
Assets in detailPt X, end of year
CashLn 1$92K
Cash and savings togetherLn 1–2$92K
Pledges and grants receivableLn 3$16K
Prepaid expenses and deferred chargesLn 9$21K
InvestmentsLn 11–13$6.5M
Other assetsLn 15$15K
Total assetsLn 16$6.7M
LiabilitiesLn 26$16K
Net assetsLn 32$6.7M
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 FY24End FY24
Cash and savingsLn 1–2$139K$92K
InvestmentsLn 11–13$5.8M$6.5M
Total assetsLn 16$6.0M$6.7M
LiabilitiesLn 26$23K$16K
Net assetsLn 32$6.0M$6.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$15K$15K
Other salaries and wagesLn 7$72K$14K$43K$15K
Payroll taxesLn 10$6K$1K$3K$1K
Accounting feesLn 11c$19K$19K
Investment management feesLn 11f$31K$31K
Advertising and promotionLn 12$15K$297$14K
Office expensesLn 13$12K$12K
Information technologyLn 14$27K$27K
OccupancyLn 16$6K$1K$3K$1K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$195K$195K
Total functional expensesLn 25$401K$269K$100K$31K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Mar 10, 2026 $498K$414K$84K$7.0M 990 PDF
FY2024 ViewingFiled 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 FY2024 990
Part I · Summary $448,707 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $146,407$143,091
I-9 Program service revenuePrior year $121,487$125,547
I-10 Investment incomePrior year $71,524$179,200
I-11 Other revenuePrior year $1,793$869
I-12 Total revenuePrior year $341,211$448,707
I-13 Grants and similar amounts paidPrior year $7,600$15,200
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $62,928$77,279
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $253,689$308,318
I-18 Total expensesPrior year $324,217$400,797
I-19 Revenue less expensesPrior year $16,994$47,910
Part VI · Governance 13 of 13 board members independent, 4 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
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 $448,707 across 7 lines filed
VIII-1f All other contributions, gifts and grants$143,091
VIII-1h Total contributions, gifts and grants$143,091
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $125,547$125,547
VIII-3 Investment incomeExcluded from tax $112,319$112,319
VIII-7 Net gain or loss on sales of assetsExcluded from tax $66,881$66,881
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $869$869
VIII-12 Total revenueRelated to mission $125,547 · Excluded from tax $180,069$448,707
Part IX · Statement of functional expenses $400,797 across 11 lines filed
IX-2 Grants to domestic individualsPrograms $15,200$15,200
IX-7 Other salaries and wagesPrograms $13,724 · Management $43,322 · Fundraising $14,645$71,691
IX-10 Payroll taxesPrograms $1,070 · Management $3,377 · Fundraising $1,141$5,588
IX-11c Accounting feesManagement $19,000$19,000
IX-11f Investment management feesManagement $30,954$30,954
IX-12 Advertising and promotionPrograms $297 · Fundraising $14,439$14,736
IX-13 Office expensesPrograms $12,465$12,465
IX-14 Information technologyPrograms $26,970$26,970
IX-16 OccupancyPrograms $1,121 · Management $3,362 · Fundraising $1,121$5,604
IX-23 InsurancePrograms $3,429$3,429
IX-24 Other expenses (24a–d)Programs $195,160$195,160
IX-25 Total functional expensesPrograms $269,436 · Management $100,015 · Fundraising $31,346$400,797
Part X · Balance sheet $6,682,452 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $138,741$92,160
X-3 Pledges and grants receivableStart of year $24,000$16,000
X-9 Prepaid expenses and deferred chargesStart of year $16,079$21,204
X-11 Publicly traded securitiesStart of year $3,349,028$4,118,031
X-13 Program-related investmentsStart of year $2,472,001$2,420,326
X-15 Other assetsStart of year $19,582$14,731
X-16 Total assetsStart of year $6,019,431$6,682,452
X-17 Accounts payable and accrued expensesStart of year $3,986$1,895
X-25 Other liabilitiesStart of year $19,207$14,356
X-26 Total liabilitiesStart of year $23,193$16,251
X-27 Net assets without donor restrictionsStart of year $5,287,628$6,053,974
X-28 Net assets with donor restrictionsStart of year $708,610$612,227
X-32 Total net assets or fund balancesStart of year $5,996,238$6,666,201
X-33 Total liabilities and net assetsStart of year $6,019,431$6,682,452
Part XI · Reconciliation of net assets $6,666,201 net assets at year end
XI-1 Total revenue$448,707
XI-2 Total expenses$400,797
XI-3 Revenue less expenses$47,910
XI-4 Net assets at start of year$5,996,238
XI-5 Net unrealized gains (losses) on investments$622,053
XI-10 Net assets at end of year$6,666,201

Form 990 e-file FY2024 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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