Lock Haven University Foundation FY2021 filing

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To generate and manage resources for the benefit of commonwealth University - Lock Haven and its students.

501(c)(3) charity; gifts are tax-deductible.
70¢ 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
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $955K a year · 27% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
25 mo
of spending, in cash
Plus $20.1M in investments, Pt X · Ln 11–13
Looks good: 24.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
8
named funders · $203K
Looks good: 8 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$15.4M
49% of total assets
Looks good: liabilities are 49% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.6M
+51% vs prior year
Spent
$1.8M
To programs
70%
Net assets
$16.3M
By yearFY2020–FY2025
Revenue
$2.6M
FY2021▲ +51%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.7M
FY2021$2.6M
FY2022$2.5M
FY2023$4.1M
FY2024$4.7M
FY2025$5.1M
Expenses
$1.8M
FY2021▼ -14%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.1M
FY2021$1.8M
FY2022$1.9M
FY2023$2.6M
FY2024$3.1M
FY2025$3.5M
Net assets
$16.3M
FY2021▲ +33%
Tap a bar for its year
Net assets by fiscal year
FY2020$12.3M
FY2021$16.3M
FY2022$14.0M
FY2023$16.4M
FY2024$19.1M
FY2025$21.4M

From the FY2021 Form 990 (year ending June 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 Jan 1969.

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

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $1.3M Management & general 22% · $396K Fundraising 8% · $150K

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

17 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Governance Committee Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Ashley Koser’s $118K as Executive Director is at the 44th percentile of top reported officer pay among 3394 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024
Ashley Koser$118,106$100,652

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Lock Haven University Foundation 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

Generates and manages resources to benefit Lock Haven University and its students.

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3 programs · $1.3M · in their own filed words · FY2020
01

Support of student scholarships and awards based on donor designation and criteria. The organization awards over 380 annual scholarships and awards to both freshmen and upperclassmen based on need and merit.

$1.0Mprogram expense
02

Support of lock haven university's academic programs based on the university case for support which includes facility upgrades, faculty enhancements, global honors programs, international education, science education and student enhancements and intercollegiate athletics.

$257Kprogram expense
03

Own and operate two student housing projects (evergreen commons and the foundation village at clearfield) for the benefit of lock haven or its students.

Pt IX · col B

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
See all 8 funders →
Grants paid · 25 grants · $5.8M · 2019–2024
Commonwealth University of PennsylvaniaFY2024$942,572
Commonwealth University of PennsylvaniaFY2023$1,004,436
Unitemized GrantFY2023$2,525
Lock Haven UniversityFY2022$955,513
Unitemized GrantFY2022$9,196
Lock Haven UniversityFY2021$904,583
Unitemized GrantFY2021$12,643
Student Auxiliary Services INCFY2021$2,486
Clinton County SPCAPA · FY2021$2,400
Millersville UniversityFY2021$50
Hand in Hand Hose CompanyFY2021$50
Hope Hose CompanyFY2021$50
Citizens' Hose CompanyPA · FY2021$50
Lock Haven UniversityFY2020$902,723
Unitemized GrantFY2020$8,185
Individual RecipientFY2020$500
Mansfield UniversityFY2020$300
See all 25 grants →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$2.6M
Ln 12
Investment incomeLn 3$1.3M
Gifts and grantsLn 1h$1.1M
Fees for servicesLn 2g$306K
Money outPt IX
$1.8M
Ln 25
Programscol B$1.3M
Managementcol C$396K
Fundraisingcol D$150K
Owns and owesPt X
$16.3M
net assets · Ln 32
Cash and savingsLn 1–2$3.8M
Total assetsLn 16$31.7M
LiabilitiesLn 26$15.4M
PeoplePt VI, VII
17
listed · VII A
PaidVII A0
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.1M
Noncash giftsLn 1g$9K
Fees for servicesLn 2g$306K
Investment incomeLn 3$1.3M
Gains on assetsLn 7$977K
Total revenueLn 12$2.6M
Assets in detailPt X, end of year
CashLn 1$452K
SavingsLn 2$3.4M
Cash and savings togetherLn 1–2$3.8M
Pledges and grants receivableLn 3$281K
Accounts receivableLn 4$14K
Notes and loans receivableLn 7$40K
Prepaid expenses and deferred chargesLn 9$14K
Land, buildings, equipmentLn 10c$7.0M
InvestmentsLn 11–13$20.1M
Other assetsLn 15$366K
Total assetsLn 16$31.7M
LiabilitiesLn 26$15.4M
Net assetsLn 32$16.3M
OperationsPt I, VI
EmployeesI 547
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
BondsSch K, Pt X
Tax-exempt bond debt owedX 20$11.5M
Bond issues listedSch K Pt I1
Raised by those issuesSch K Pt I$16.1M
EndowmentSch D · Pt V
LineFY21FY20FY19FY18FY17
End of yearLn 1g$12.9M$10.2M$10.8M$10.8M$10.6M
SpentLn 1d–1f$1.4M$756K$678K$751K$751K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$3.7M$3.8M
InvestmentsLn 11–13$15.7M$20.1M
Land, buildings, equipmentLn 10c$7.7M$7.0M
Total assetsLn 16$28.1M$31.7M
LiabilitiesLn 26$15.8M$15.4M
Net assetsLn 32$12.3M$16.3M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.0M$1.0M
Grants to domestic individualsLn 2$32K$32K
Other salaries and wagesLn 7$235K$46K$188K
Other employee benefitsLn 9$82K$250$82K
Payroll taxesLn 10$17K$2K$15K
Legal feesLn 11b$7K$3K$3K
Accounting feesLn 11c$36K$36K
Other fees for servicesLn 11g$149K$22K$31K$96K
Advertising and promotionLn 12$4K$3K$982
Office expensesLn 13$7K$242$971$6K
Conferences, conventions and meetingsLn 19$2K$2K
Depreciation, depletion and amortizationLn 22$5K$5K
InsuranceLn 23$15K$2K$13K
Other expenses (24a–d)Ln 24$206K$139K$27K$40K
All other expensesLn 24e$40K$32K$8K
Total functional expensesLn 25$1.8M$1.3M$396K$150K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Apr 7, 2026 $5.1M$3.5M$1.6M$21.4M 990 PDF
FY2024Filed with the IRS May 6, 2025 $4.7M$3.1M$1.7M$19.1M 990 PDF
FY2023Filed with the IRS Apr 5, 2024 $4.1M$2.6M$1.5M$16.4M 990 PDF
FY2022Filed with the IRS Mar 6, 2023 $2.5M$1.9M$597K$14.0M 990 PDF
FY2021 ViewingFiled with the IRS Mar 4, 2022 $2.6M$1.8M$793K$16.3M 990 PDF
FY2020Filed with the IRS Mar 10, 2021 $1.7M$2.1M−$401K$12.3M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $2,635,924 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,166,799$1,100,417
I-9 Program service revenuePrior year $267,491$306,371
I-10 Investment incomePrior year $452,474$1,313,137
I-11 Other revenuePrior year −$137,709−$84,001
I-12 Total revenuePrior year $1,749,055$2,635,924
I-13 Grants and similar amounts paidPrior year $1,069,189$1,039,401
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $347,150$333,343
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $733,548$470,434
I-18 Total expensesPrior year $2,149,887$1,843,178
I-19 Revenue less expensesPrior year −$400,832$792,746
Part VI · Governance 17 of 17 board members independent, no flags
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,635,924 across 9 lines filed
VIII-1f All other contributions, gifts and grants$1,100,417
VIII-1g Noncash contributions (included above)$8,795
VIII-1h Total contributions, gifts and grants$1,100,417
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $265,760 · Unrelated business $40,611$306,371
VIII-3 Investment incomeExcluded from tax $336,508$336,508
VIII-6 Net rental income or lossRelated to mission −$106,056−$106,056
VIII-7 Net gain or loss on sales of assetsRelated to mission $976,629$976,629
VIII-8 Net income from fundraising eventsExcluded from tax $22,055$22,055
VIII-12 Total revenueRelated to mission $1,136,333 · Unrelated business $40,611 · Excluded from tax $358,563$2,635,924
Part IX · Statement of functional expenses $1,843,178 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $1,007,551$1,007,551
IX-2 Grants to domestic individualsPrograms $31,850$31,850
IX-7 Other salaries and wagesPrograms $46,443 · Management $188,272$234,715
IX-9 Other employee benefitsPrograms $250 · Management $81,556$81,806
IX-10 Payroll taxesPrograms $2,109 · Management $14,713$16,822
IX-11b Legal feesPrograms $3,276 · Management $3,444$6,720
IX-11c Accounting feesManagement $35,675$35,675
IX-11g Other fees for servicesPrograms $22,369 · Management $31,168 · Fundraising $95,512$149,049
IX-12 Advertising and promotionPrograms $2,750 · Fundraising $982$3,732
IX-13 Office expensesPrograms $242 · Management $971 · Fundraising $5,976$7,189
IX-19 Conferences, conventions and meetingsPrograms $1,676$1,676
IX-22 Depreciation, depletion and amortizationPrograms $5,444$5,444
IX-23 InsurancePrograms $2,049 · Management $13,162$15,211
IX-24 Other expenses (24a–d)Programs $138,815 · Management $27,459 · Fundraising $39,538$205,812
IX-24e All other expensesPrograms $32,016 · Fundraising $7,910$39,926
IX-25 Total functional expensesPrograms $1,296,840 · Management $396,420 · Fundraising $149,918$1,843,178
Part X · Balance sheet $31,680,426 assets, 21 lines filed
X-1 Cash, non-interest-bearingStart of year $493,749$452,298
X-2 Savings and temporary cash investmentsStart of year $3,212,124$3,351,973
X-3 Pledges and grants receivableStart of year $495,536$281,356
X-4 Accounts receivableStart of year $42,056$14,023
X-7 Notes and loans receivableStart of year $51,811$40,222
X-9 Prepaid expenses and deferred chargesStart of year $8,900$13,675
X-10c Land, buildings and equipment, netStart of year $7,702,618$7,034,472
X-11 Publicly traded securitiesStart of year $15,713,997$20,126,611
X-15 Other assetsStart of year $360,621$365,796
X-16 Total assetsStart of year $28,081,412$31,680,426
X-17 Accounts payable and accrued expensesStart of year $400,295$934,713
X-19 Deferred revenueStart of year $30,859$21,904
X-20 Tax-exempt bond liabilitiesStart of year $12,206,380$11,534,512
X-23 Secured mortgages and notes payableStart of year $2,115,652$1,860,050
X-24 Unsecured notes and loans payableStart of year $657,403$649,282
X-25 Other liabilitiesStart of year $385,583$371,429
X-26 Total liabilitiesStart of year $15,796,172$15,371,890
X-27 Net assets without donor restrictionsStart of year −$7,197,732−$6,434,279
X-28 Net assets with donor restrictionsStart of year $19,482,972$22,742,815
X-32 Total net assets or fund balancesStart of year $12,285,240$16,308,536
X-33 Total liabilities and net assetsStart of year $28,081,412$31,680,426
Part XI · Reconciliation of net assets $16,308,536 net assets at year end
XI-1 Total revenue$2,635,924
XI-2 Total expenses$1,843,178
XI-3 Revenue less expenses$792,746
XI-4 Net assets at start of year$12,285,240
XI-5 Net unrealized gains (losses) on investments$3,233,757
XI-7 Investment expenses−$57,826
XI-9 Other changes in net assets$54,619
XI-10 Net assets at end of year$16,308,536

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

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